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DNDT, YIPI, GNOLF, BRZM, MFLI
FFGO, BDR, ADSY, FONR, CYSG, WWEI
Our Stocks to Watch today include DND Technologies Inc. (OTC: DNDT), Yippy Inc. (OTCBB: YIPI), Genoil Inc. (OTCBB: GNOLF), Brazilian Mining Corp. (OTC: BRZM), BRAVADA International Inc. (OTC: MFLI), Fortress Financial Group Inc. (OTC: FFGO), Blonder Tongue Laboratories Inc. (NYSE Amex: BDR), Ad Systems Communications Inc. (OTCBB: ADSY), FONAR Corp. (Nasdaq: FONR), CAPE Systems Group Inc. (OTC: CYSG) and Welwind Energy International Corp. (OTCBB: WWEI).
FEATURED COMPANY
DND TECHNOLOGIES INCORPORATED (OTC: DNDT)
"Up 25.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DNDT.php
Company Profile: http://www.otcpicks.com/Newsletter/DNDT_061510.html
Founded in 1997, DND Technologies is a publicly traded high technology holding company that acquires, invests in, or partners with leading edge technology solution companies and established businesses to bring new or improved products to market. DNDT's core competencies include acquiring or taking strategic financial positions in cutting-edge companies that have synergies in business-to-business and business-to-consumer technology opportunities that are targeted to resolving unmet consumer needs and emergent business domains. is a publicly traded high technology holding company that acquires, invests in, or partners with leading edge technology solution companies and established businesses to bring new or improved products to market. DNDT's core competencies include acquiring or taking strategic financial positions in cutting-edge companies that have synergies in business-to-business and business-to-consumer technology opportunities that are targeted to resolving unmet consumer needs and emergent business domains.
DNDT News:
August 3 - MatchingAds Chooses Virtacore Systems
* Managed Cloud Provider Will Host Fast-Growing Company's Entire Network of Online Classified
* Solutions for Local TV Stations Across the U.S.
MatchingAds, Inc., a subsidiary of DND Technologies (OTC: DNDT), and Virtacore Systems, Inc. announced that Virtacore has been chosen as the exclusive cloud computing and managed services provider for MatchingAds' entire network of online classified solutions. MatchingAds is a full service classifieds solution provider that delivers customized advertising web portals for TV stations in major cities across the U.S. Virtacore Systems, a leading managed cloud provider, will host and manage all aspects of the IT infrastructure required to deliver each of MatchingAds' web portal solutions.
MatchingAds works with local TV stations to augment their advertising bases with an increased ability to drive traffic to their respective websites. Their proprietary ad-generation process provides a local media web portal with a high volume of ads. It also includes a proprietary user-verification process eliminating the issues of spamming and illegal content.
Following its successful debut in the Phoenix market in late 2009, MatchingAds is on pace to open additional sites in 2010 in each of the top 20 high density markets or top Designated Market Areas (DMAs), including New York, Philadelphia, Chicago and Los Angeles, which represent about 40% of the U.S. The company chose to move from its current hosting provider to Virtacore Systems to ensure their infrastructure could scale to meet heightened demand.
According to The Yankee Group, Internet advertising is expected to grow more than 100 per cent in just two years, from $21.7 billion in 2009 to $50.3 billion by 2011. "Our TV network customers expect our classified solutions to be always-on and operating at peak performance," said David Pollei, President and CEO of MatchingAds. "With Virtacore, we're confident that our solutions can scale to meet or exceed our clients' expectations even as we expand into other major metropolitan markets. They're a true business partner that's 100 per cent committed to our success — a rare find in the service provider space these days."
Virtacore Systems' Tier 3 Equinix data centers are home to all the servers, storage and network infrastructure needed to support each of MatchingAds' advertising web portals. In order to best meet MatchingAds' clients' wide range of computing needs, Virtacore designed and implemented a hybrid cloud solution using both shared and dedicated resources. In addition, Virtacore provides the full complement of managed services required for day-to-day operations such as systems administration, backups, and software maintenance.
"We're thrilled to have been chosen as MatchingAds' exclusive Managed Cloud Provider," said Thomas J. Kiblin, Founder and CEO of Virtacore Systems. "We pride ourselves in really understanding each client's unique environment so we can deliver the best combination of resources and managed services they need to be successful in the cloud. This enables us to readily adapt to handle MatchingAds rapid growth and dynamic client needs."
FEATURED COMPANY
YIPPY INCORPORATED (OTCBB: YIPI)
Detailed Quote: www.otcpicks.com/quotes/YIPI.php
Company Profile: http://www.otcpicks.com/Yippy-Inc.htm
Based in Fort Myers Florida, Yippy, Inc. (www.yippy.com), formerly known as Cinnabar Ventures, Inc., is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments in the cloud computing sector.
YIPI News:
July 30 - Liberty Analytics Co. Initiates Independent Research Coverage on Yippy, Inc.
Liberty Analytics Co., a leading provider of large, small - and micro-cap independent investment research, has initiated coverage on Yippy, Inc. (OTCBB: YIPI). Liberty Analytics is currently offering a complimentary trial subscription. Go to www.skymarkresearch.com To view the company's research.
July 29 - Skymark Research Initiates Independent Research Coverage on Yippy, Inc.
Skymark Research, a leading provider of small- and micro-cap independent investment research, has initiated coverage on Yippy, Inc. (OTCBB: YIPI).
Skymark Research is currently offering a complimentary trial subscription. Go to www.skymarkresearch.com To view the company's research.
FEATURED COMPANY
GENOIL INCORPORATED (OTCBB: GNOLF)
Detailed Quote: http://www.otcpicks.com/quotes/GNOLF.php
Company Profile: http://www.otcpicks.com/Genoil.htm
Genoil is an international engineering technology development company based in Alberta, Canada, that develops innovative hydrocarbon, oil and water separation, and marine technologies for the oil and gas and commercial marine industries.
GNOLF News:
July 8 - Genoil Inc. Announces Approval of Grant of Stock Options
Genoil Inc. (OTCBB: GNOLF) (TSX-V: GNO) (the "Corporation") reports that the Board of Directors of the Corporation (the "Board") has completed a review of compensation levels for the Corporation's officers and has consequently approved the grant of incentive stock options to such individuals for 2010. The Board has approved the grant of an aggregate of 3,000,000 options to acquire common shares of the Corporation at an exercise price of $0.20, being superior to the closing price of the Corporation's shares on the TSX Venture Exchange on the day prior to this Press Release and equal to the price per share the day prior to the date Board approval for the grant was made. Of the 3,000,000 options approved for grant, 1,500,000 have been approved for grant to the Corporation's Chief Executive Officer and 1,500,000 to the Corporation's President as an inducement for their continued efforts and their compensation, in lieu of any salary compensation, for 2010. All options described above vest immediately and have a term of five years from the date of grant.
The approval of the grant of these options resulted from a recommendation made by the Corporation's Chairman and Chief Executive Officer with the unanimous approval of the Board. The recommendation was based upon a review of the current, competitive industry conditions and with the objective being the retention of the Corporation's key individuals. Consideration was also given to the recent movement in the Corporation's share trading price. The Corporation's Compensation Committee had previously commissioned an independent third party compensation expert to report on compensation matters given the current energy industry compensation levels for similar organizations and utilized this report to provide a baseline in making its recommendations regarding appropriate compensation for the Corporation's senior officers.
Genoil is an international engineering technology development company based in Alberta, Canada that develops innovative hydrocarbon, oil and water separation, and marine technologies.
FEATURED COMPANY
BRAZILIAN MINING CORPORATION (OTC: BRZM)
Detailed Quote: www.otcpicks.com/quotes/BRZM.php
Company Profile: http://www.otcpicks.com/Brazilian-Mining.htm
Brazilian Mining focuses on evaluating various potential acquisitions. Previously, it engaged in exploring and mining diamond properties in Brazil. Terrax, Inc. is now a fully owned subsidiary of Brazilian Mining Corporation. The company is based in Gardnerville, Nevada.
BRZM News:
July 19 - Terrax in Final Stages on $40 Million Civil Aviation Security Contract
Terrax, Inc., a fully owned subsidiary of Brazilian Mining Corporation (OTC: BRZM), announces that as a result of the demonstration of the Theia System at the SOFEX conference in May 2010 in Ammon, Jordan, the company has been requested to supply $40 million of Terrax Theia Systems and services over an eight year period. The deployment covers the international civil aviation sector. The company is scheduled to conduct an airport and field demonstration later this year. The contract terms are currently being finalized. According to Mr. Murray Owen, president of Terrax, a demonstration has tentatively been set with final details to come at a later date. Owen went on to state, "I am very pleased with the progress on this contract and look forward to finalizing the details and signing several more contracts in the near future."
ABOUT TERRAX, INC.
Founded in 2000, Terrax is a solutions integrator of image data and hyperspectral imaging to provide real time detection and alert systems for civilian applications.
FEATURED COMPANY
BRAVADA INTERNATIONAL LIMITED (OTC: MFLI)
Detailed Quote: http://www.otcpicks.com/quotes/MFLI.php
Company Profile: http://www.otcpicks.com/Bravada/MuscleFlex.htm
BRAVADA International Ltd. is a leading edge media, women's fitness, health and lifestyle company that develops exciting brands through the development of internet and television media content. BRAVADA is dedicated to providing the highest quality of products, services and media that enriches and provides betterment for individuals both physically and emotionally. Through its dedication to quality, BRAVADA International delivers its products, services and media by empowering an individual through a positive experience and lifestyle through innovation.
MFLI News:
July 20 - BRAVADA Looks to Dual List its Shares on Canada's TSX Venture Exchange as a Reporting Issuer to Coincide with its BRAVADA Women's Athletica Canadian Expansion
BRAVADA International Inc. (OTC: MFLI) (www.BravadaLtd.com) announced that it is looking to develop a dual USA / Canadian stock listing by seeking to list its shares for trading on the Canadian TSX Venture exchange as a reporting issuer. BRAVADA is currently looking to expand its BRAVADA™ Women’s Athletica stores into Canada and listing its shares to trade on the TSX Venture Exchange as a reporting issuer would greatly expand its potential shareholder base across North America. Canada is a market that is very friendly to microcap companies that possess authentic and growing business plans in both the formation of capital as well as the regulatory environment. The Canadian TSX Venture Exchange is a vibrant exchange which requires companies to fully report and disclose audited financials, material change events and all corporate disclosures consistent with being a fully reporting issuer. Most important to BRAVADA, the regulatory environment is one that is fair and consistent that seeks the creation of shareholder value.
BRAVADA is currently looking to expand its BRAVADA Women’s Athletica stores into Canada and has done significant research into the Calgary market, a city that BRAVADA CEO Danny Alex is very familiar with. Calgary is one of Canada’s wealthiest cities and is thriving economically. Kelowna, British Columbia is also being considered as well as Toronto and Vancouver. Expansion plans into the United States market shall continue as well.
BRAVADA is choosing to up-list its shares and report to Canadian regulators as opposed to its United States counter-parts for a number of reasons. The Canadian financial and banking systems provide a strong environment to continue BRAVADA’s fast paced growth as well as an environment that it regards as friendlier to microcap companies. As well, the Canadian economy continues to be one of the fastest growing global economies.
“We intend to dual list BRAVADA on the Pink Sheets in the United States and the TSX Venture Exchange in Canada as a reporting issuer,” replied Danny Alex CEO of BRAVADA International. “Many factors influenced our decision both economic and regulatory. We want a fair and consistent regulatory environment by which we conduct our business and report to shareholders and the TSX Venture Exchange will allow us to greatly expand our shareholder base as we expand our BRAVADA Women’s Athletica stores and presence into Canada.”
BRAVADA shall report to shareholders any material developments in pursuing its TSX Venture Exchange listing. BRAVADA’s head office shall remain in Los Angeles.
STOCKS TO WATCH
FORTRESS FINANCIAL GROUP (OTC: FFGO)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FFGO.php
Fortress Financial Group, Inc. operates as a reseller of domestic and international MasterCard debit cards. The company is based in the Bradenton, Florida.
FFGO News:
August 2 - Fortress Financial Group, Inc. Announces Sale of Gold Interests
Fortress Financial Group, Inc. (OTC: FFGO) confirms that is has entered into a binding agreement to dispose of its remaining assets, namely its stockholding in two Gold Corporations, Bouse Gold, Inc. and South Copperstone, Inc. The Effective Sale and the Execution Dates of these agreements were required by the Purchaser to be on Thursday, August 12, 2010. On that date both the Purchaser and ourselves will each be filing a Form 8-K with the Sale and Purchase Agreements as exhibits. The Purchaser is a publicly traded corporation and will announce these transactions to its stockholders on August 12, 2010.
The Company has filed today a Form 8-K setting out the revised agreement with Sloane Investments, Inc. This revised agreement allows us to execute the Sales Agreements on August 12, 2010 with the receipt of the sale proceeds being on Monday, August 16, 2010. Additional time was granted by Sloane Investments, Inc. who unconditionally accepted the terms of these sales of our Company's Gold interests.
The Company has today filed an additional Form 8-K setting out the revised agreements between Searchlight Exploration, LLC and Bouse Gold, Inc. and South Copperstone, Inc. These revised agreements were a non negotiable requirement by the Purchaser. Searchlight Exploration, LLC has drastically reduced both its Net Smelter Returns Royalties and its Net Profits interest in both "Bouse" and in "South Copperstone."
The Company has disposed of its entire holding of Bouse Gold, Inc. shares of Common Stock at a price of US$0.3788 per share of Bouse Gold, Inc. Common Stock.
The Company has disposed of its entire holding of South Copperstone, Inc. shares of Common Stock at a price of US$0.06263 per share of South Copperstone, Inc. Common Stock.
The Purchaser is acquiring additional shares of both Bouse Gold, Inc. Common Stock and South Copperstone, Inc. Common Stock from other stockholders (including historical eligible dividend recipients of Fortress Financial Group, Inc.), as they will ultimately hold 100% of the outstanding shares of both Bouse Gold, Inc. Common Stock and South Copperstone, Inc. Common Stock. The Purchaser is paying exactly the same price per share of Common Stock to the other stockholders of these two Corporations as it is paying to Fortress Financial Group, Inc.
The total sale price equates to an amount of US$0.003449 per share of Fortress Financial Group, Inc. Common Stock based upon our number of outstanding shares of Common Stock on August 2, 2010. No additional shares of Fortress Financial Group, Inc. are to be issued whatsoever.
The outstanding loan notes due by Fortress Financial Group, Inc. will not exceed an amount of US$1,600,000. These will be settled in full from the proceeds of these sales on August 16, 2010. This equates to no more than 0.62% of the sale proceeds.
The Company is distributing the entire net sale proceeds, after settlement of the outstanding loan notes, to its stockholders. The Company will now work towards the establishment of both a "Record Date" and a "Payment Date" for this single dividend of the net sale proceeds. Upon our receipt of approval of these dates, stockholders will be advised immediately.
Upon the payment of this Dividend, Fortress Financial Group, Inc. will hold no further assets and will become dormant. No offers have been made to Company at this time.
We wish to stress that these transactions are now binding upon ourselves and the Purchaser with no variations to these Sale and Purchase Agreements. The sale agreements are complex and will be dealt with in greater detail in our regulatory filings on August 12, 2010. The price of Gold will no longer be a factor for the sale pricing of these agreements as the terms, as announced in this Press Release, are final.
BLONDER TONGUE LABORATORIES INCORPORATED (AMEX: BDR)
"Up 39.39% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BDR.php
Blonder Tongue Laboratories, Inc. provides system operators and integrators serving the cable, broadcast, satellite, IPTV, institutional and professional video markets with comprehensive solutions for the provision of content contribution, distribution and video delivery to homes and businesses. With 60 years of experience, the company designs, manufactures, sells and supports an equipment portfolio of standard and high definition digital video solutions, as well as core analog video and high speed data solutions for distribution over coax, fiber and IP networks.
BDR News:
August 3 - Blonder Tongue Reports Second Quarter & Six Month 2010 Results
Blonder Tongue (NYSE Amex: BDR) announced its sales and results of operations for the second quarter and six months ended June 30, 2010. Net sales for the second quarter 2010 were $8,266,000, compared to $6,257,000 for the second quarter 2009. Earnings from continuing operations for the second quarter 2010 were $901,000 or $0.15 per share, compared to a loss of $(396,000) or $(0.06) per share for the comparable period of 2009. For the six months ended June 30, 2010, net sales were $13,860,000, compared to $15,190,000 in the comparable period of 2009. Earnings from continuing operations for the first six months of 2010 were $696,000 or $0.11 per share compared to a loss of $(3,000) or almost zero cents per share for the comparable period in 2009.
Commenting on the second quarter and the first six months of 2010, Chairman and Chief Executive Officer James A. Luksch noted, “Blonder Tongue had a solid performance in the second quarter of 2010. All of the important metrics were favorable. Sales were up, gross margin increased (from 35% to 43%) during the quarter and operating expenses are at their restructured low point, resulting in significantly improved profit performance, which we anticipate can be sustained through the end of the year. The recessionary economy has been slow to rebound, but we are seeing a gradual increase in sales of some of our core products. If the overall economy continues to rebound and we are able to continue to increase our penetration of the digital market, Blonder Tongue should embark on an accelerated growth cycle.”
The overall sales increase in the second three months of 2010 is primarily attributable to an increase in sales of the Company’s digital video headend products and contract manufactured products offset by a decrease in sales of analog video headend products. Sales of digital video headend products were $3,876,000 and $1,406,000, sales of contract manufactured products were $584,000 and $249,000 and analog video headend sales were $2,008,000 and $2,671,000 in the second three months of 2010 and 2009, respectively.
“The sales increase is being driven by the superiority of our digital lineup of products-the encoders and EdgeQAM devices. We are now shipping our second generation of both High Definition and Standard Definition encoders with very positive results, and we have shipped over $2,000,000 of our EdgeQAM product,” said Bob Palle, President of Blonder Tongue. “Competition is attacking from all directions, but the superior picture quality of our digital products, which derives from our proprietary software platform and is not dependant on computer processing hardware, provides the best quality-to-cost performance in the high definition television market.”
AD SYSTEMS COMMUNICATIONS INCORPORATED (OTCBB: ADSY)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ADSY.php
Ad Systems Communications, Inc. is digital media and video communications services Company which provides quality advertising inventory for all the major cable TV networks such as ESPN, MTV, Discovery, CNN, Lifetime, A&E, Fox News and TNT by deploying its patent pending insertion and streaming media technology into the cable, satellite and IP television markets. The company derives revenue from this inventory by selling it to advertisers to insert both long and short form video commercials into highly targeted markets.
ADSY News:
August 2 - Artfest International, Inc.'s Subsidiary Moves Television Production and Broadcast Facility to One of the Leading Facilities in Dallas, Adding at Least $4 to $6 Million in Production Revenues
Ad Systems Communications, Inc. (OTCBB: ADSY), a leading service provider of digital media and video communications for all major cable TV networks, announces today that it has completed a contract with Laurel Highland Total Communications to install its proprietary, patent-pending cable TV ad insertion technology. This contract names Ad Systems Communications, Inc. as the exclusive cable advertising sales company for Laurel Highland Total Communications a cable TV provider in the Pittsburgh, PA DMA.
"This cable TV ad insertion system is the company's first deployment in the Pittsburgh, Pennsylvania DMA and it represents a strategic building block in our expansion plan. Pennsylvania offers a great opportunity due to the large number of rural cable TV systems which are perfect for our innovative ad insertion and video streaming capabilities," states J. Michael Heil, CEO of Ad Systems Communications, Inc.
Ad Systems has deployed its technology to a customer base of over 300,000 subscribers, primarily in previously un-served cable TV markets in the tier two and tier three communities. The Company is now poised to expand its customer base to over 1,000,000 subscribers by the deployment of multi-year contracted cable TV Systems which are awaiting installation.
FONAR CORPORATION (NASDAQ: FONR)
"Up 17.16% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FONR.php
FONAR Corporation engages in the design, manufacture, sale, and service of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases. It provides Stand-Up/Upright MRI scanners, which allows patients to be scanned in a weight-bearing condition, such as standing, sitting, or bending in any position that causes symptoms; and FONAR 360 MRI scanner, a diagnostic scanner. The company also provides management services, including development; administration; leasing of office space, facilities, and medical equipment; provision of supplies; staffing and supervision of non-medical personnel; legal services; accounting, billing, and collection; and the development and implementation of practice growth and marketing strategies. It serves private scanning centers and hospitals worldwide. The company was founded in 1978 and is headquartered in Melville, New York.
FONR News:
August 3 - German Customer Buys Fourth Fonar Upright Multi-Position MRI
FONAR Corporation (Nasdaq: FONR), The Inventor of MR Scanning™, announced the purchase of an UPRIGHT® Multi-Position™ MRI by Medserena, of Germany. It is the fourth purchase by Medserena. The Other UPRIGHT® MRI scanners in Germany owned by Medserena are located in Cologne, Hanover and Munich.
Matthias Schulz, CEO of Medserena, said, "The first three UPRIGHT® MRI centers have had great success. With physicians all over Germany asking about this technology, it has become imperative for us to expand and install a fourth UPRIGHT® scanner. This is in spite of an intensely active MRI market in Germany, where there are already many conventional lie-down MRI's installed. The large number of requests coming from our physicians in Germany," Mr. Schulz said, "are arising because of the special medical need for FONAR's unique technology."
"The German people have a long history in science and technology innovation," Mr. Schulz reported, "so we tend to recognize the potential of any new technology quickly. We have been very successful in Germany with the FONAR UPRIGHT® Multi-Position™ MRI and its power for scanning patients in multiple upright and recumbent positions because our physicians have quickly appreciated the benefits of this new technology and want their patients to have access to those benefits as soon as possible. With 50% of MRI's being of the spine, it is self-evident that to make a satisfactory imaging diagnosis of the spine, the spine needs to be supporting its normal weight load which the conventional lie-down MRI does not permit. In addition, the FONAR UPRIGHT® is able to avoid anesthesia for the imaging of young children in many cases, diagnose the fallen cerebellar tonsils (CTE, cerebellar tonsillar ectopia) that occur from whiplash injuries and diagnose scoliosis in young women without the x-rays that give rise to an increased incidence of breast cancer in scoliosis patients."
Mr. Schulz continued, "The FONAR UPRIGHT® Multi-Position™ MRI is a most unique MRI scanner. We firmly believe that it will become a standard for MRI diagnostics in Europe, especially in evaluating the spine. No other medical technology can put together in one scanner the ability to achieve detailed images of the patient in any and all of the positions that can give rise to his pain. Our basic marketing strategy is to educate the medical community about the unique diagnostic capabilities of the FONAR unit."
Mr. Schulz commented, "Automobile whiplash injuries are just as much a problem in Germany as they are in any other industrialized nation. It was with great pleasure that we learned of the July 2010 article in "Brain Injury," that will now make it possible for physicians to visualize these injuries so that the most expedient medical treatment can be provided. This is a huge advantage for the FONAR UPRIGHT® Multi-Position™ MRI when it competes with other MRI scanners."
"The July 2010 scientific study in "Brain Injury" is a big study," Mr. Schulz said. "1200 neck pain patients were scanned by MRI. They were divided into 4 groups, consisting of 2 control neck pain groups that did not experience whiplash trauma and 2 neck pain groups that did. The radiologists who read the study images were blinded as to which images were the patient images and which were the control images. The patients were examined in both the upright and recumbent positions. The recumbent MRI images were obtained in a conventional lie-down MRI and the upright images were obtained in the FONAR UPRIGHT® Multi-Position™ MRI. As a result of this study the fallen cerebellar tonsils of a whiplash injury patient can now be reliably visualized by using the FONAR UPRIGHT® Multi-Position™ MRI. From our point of view, here in Germany, the newly published 1200 patient study in "Brain Injury" sets a "new standard of care" for whiplash injury patients.
The sale of the UPRIGHT® MRI was facilitated by Tecserena, GmbH, which was established as a distributor for FONAR's MRI products in Europe.
CAPE SYSTEMS GROUP INCORPORATED (OTC: CYSG)
"Up 25.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CYSG.php
CAPE Systems is an international provider of supply chain management technologies. CAPE Systems offers a comprehensive range of software systems and tools, from packaging and pallet optimization software, RFID asset tracking, to integrated warehouse and inventory management solutions, pick-to-light systems, and transportation management systems for enterprise wide and collaborative supply chain optimization.
CYSG News:
August 3 - CAPE Systems Announces 2010 Third Quarter and Nine Months Unaudited Results
* Revenues Up Sharply
* Company Reports Net Profit for Third Quarter
CAPE Systems Group, Inc. (OTC: CYSG), a leading provider of software technology for packaging design, pallet optimization, RFID Asset Tracking, inventory and warehouse management, supply chain execution and order fulfillment, announced preliminary unaudited financial results for the three months and nine months periods ended June 30, 2010.
CAPE Systems Group, Inc. reported revenues of $1,209,863 and $2,421,056 for the three and nine month periods ended June 30, 2010, respectively, compared to $0.5 million and $1.7 million for the three and nine month periods ended June 30, 2009, respectively; representing increases of 142% and 41% over the prior year.
The Company also reported income from operations of $221,416 and net income of $52,079 in the quarter ended June 30, 2010 which compared very favorably to the net loss of $1.1 million (before $16 million of extraordinary Gains on Settlement) for the same period last year. As of June 30, 2010 the Company had $433,000 in cash to support current operations.
The significant improvement in operating and net profit for the Quarter ended June 30, 2010 resulted from a significant increase in revenues combined with tight cost controls.
Outlook
The pickup in sales experienced in the third quarter appears to be being sustained and indeed appears to be increasing for the balance of the year.
WELWIND ENERGY INTERNATIONAL CORPORATION (OTCBB: WWEI)
"Up 11.11% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/WWEI.php
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations. Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
WWEI News:
August 3 - Welwind Energy Announces Revenues for First Phase of Inner Mongolia Wind Farm Project
Welwind Energy International Corp. (OTCBB: WWEI) (the "Company") announces the following projected revenues for the first 49.5 MW Inner Mongolia windfarm project. On July 15, 2010 the company announced a letter of intent to acquire 80% interest in the windfarm.
* The first phase investment for the windfarm is USD $84 million.
* Current on-grid power selling is 150 million KWh x 0.51RMB/KWh = 76.5 million RMB ($11,284,267.20 USD).
* The output is 3000 hours/year x 50MW.
* The Clean Development Mechanism income (CDM) is approximately 10 million RMB/year (USD $1.5M /year).
* The total annual net profit is 86.5Million RMB x 80%= RMB 69.2million RMB (USD $10.2 million).
ABOUT WIND IN INNER MONGOLIA AUTONOMOUS REGION (IMAR)
IMAR is now number one in wind power resources and number two in solar power potential in all of China. It has become urgent for top policymakers in the IMAR to promote their new energy development strategy during the nation's Five-Year Plan running from 2011 to 2015.
Inner Mongolia, one of China's seven "wind bases", has been leading the country in developing new energy, especially wind power, over the past five years. Its wind power capacity reached 7.3 gW as of the end of March, accounting for nearly one third of the total installed wind power across the country. That figure becomes more impressive when considering the capacity in the region stood at 170 megawatts in 2005, an increase of more than 4,000 percent in only five years.
Inner Mongolia's wind power amounts to 20 percent of its coal-fired thermal power, compared with 2 percent at national level. The region's estimated total wind power potential amounts to 150 gW, almost half of China's onshore wind power potential.
According to an official, the region's new five-year development plan sets forth investment in and construction of wind power projects with a total installed capacity of 30 gW by 2015.
ABOUT INNER MONGOLIA TEST POWER LTD.
Inner Mongolia Test Power Co., Ltd., is invested jointly by Inner Mongolia Lenon New Energy Co., Ltd. and Inner Mongolia Meng Neng Energy Designing and consulting Co., Ltd. The company employs 28 professional and technical personnel. The core business of the company is to provide test and certification for the wind turbine generator systems. The company owns and operates Inner Mongolia Wind Turbine Generator System Complex Testing Park in Cha Ha Er You Yi Hou Qi, Wu Lan Cha Bu, Inner Mongolia, which is a wind farm of testing and certificating the wind turbine generator system for manufacturers. The certification is issued by China Electric Power Research Institute (CEPRI), allowing the company to promote the development of wind power and generator manufacturers of Inner Mongolia.
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