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NUEC, IFXY, AQUM, SMNG, BMGP
DGMA, EEE, XYNH, CYBLD, QMIN, AMIE
Our Stocks to Watch today include NuEarth Corp. (OTC: NUEC), Infrax Systems Inc. (OTCBB: IFXY), Aquamer Medical / Aquamer Urban Agricultural Corp. (OTCBB: AQUM), Strategic Mining Corp. (OTC: SMNG), Biomagnetics Diagnostics Corp. (OTC: BMGP), Degama Software Solutions Inc. (OTC: DGMA), Evergreen Energy Inc. (NYSE: EEE), Xynergy Holdings Inc. (OTC: XYNH), Cyberlux Corp. (OTCBB: CYBL), Quest Minerals & Mining Corp. (OTC: QMIN) and Ambassadors International Inc. (Nasdaq: AMIE).
FEATURED COMPANY
NUEARTH CORPORATION (OTC: NUEC)
"Up 10.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NUEC.php
Company Profile: http://www.otcpicks.com/NuEarth-Corp.htm
NuEarth Corporation is a major chemical distributor dedicated to bringing to market "Clean Solutions to Complex Problems". NuEarth offers a broad and diverse range of biodegradable, environmentally friendly products and technologies. NuEarth's mission is to provide substitutes for many of the hazardous chemicals commonly used throughout the world today.
NUEC News:
August 13 - iVisage Media Interviews NuEarth CEO
NuEarth Corporation (OTC: NUEC) ("NuEarth"), a US-based manufacturer and marketer of "Clean & Green" products and technology, announced that Mr. Levi Modelevi, the new President and Chief Executive Officer has completed an interview on the Company's focus and future with iVisage Media Inc. Modelevi will focus on new product development, increasing the marketing of TerraSolv laboratory services and product manufacturing as NuEarth Corporation launches its revolutionary AquaSolv and AB Tech Cleaners and Strippers in the US Market.
1. Please give us an overview of NuEarth Corporation, what you do, and your target markets?
Modelevi: "NuEarth manufactures and markets three main product lines. NuSoil-a very unique organic fertilizer; AquaSolv-a completely biodegradable and unique family of PAM's; and our new AB Tech biodegradable cleaners and paint strippers.
“Our AquaSolv product line is our main target to launch our Company in the US markets — AquaSolv-water retention product; DustBlock-dust inhibitor; RoadBinder-soil stabilizer; AquaCarrier-pesticide and herbicide carrier; and our new AquaFrac-environmentally safe and completely biodegradable drilling and fracturing solution.
“NuEarth will be making substantial announcements with regard to market penetration with growth in the retail distribution markets for our products. I would expect our product sales and market growth to exceed our current TerraSolv revenue over the next 18 months.”
2. In your opinion, what are the 3 main reasons why investors should invest in NuEarth for the long term?
Modelevi: "Our products, market potential and growth plans. Our products are environmentally safe and superior to what is currently on the market. Our market potential for our product groups represent more than $980 billion. A small market penetration will yield large financial returns for the company. Our growth plans put a premium on rapid expansion using external distribution partners to limit the financial burden on the Company."
3. Is the Company's current capitalization adequate to achieve its strategic objectives through the next 12 months?
Modelevi: "We are financially sound with our TerraSolv laboratory service division and very well supported by our largest shareholder the Avalon Group Ltd. The Company has a very aggressive growth strategy that I have been tasked to implement and we our focused on developing the needed structure to be successful."
4. What are the Company milestones over the next 18 months we should watch for?
Modelevi: "We are growing fast, and the milestones set by the Company are strategic in scope. The relocation from Italy of our TerraSolv laboratory service division; The development of a US based manufacturing facility; development and launch of a retail market for our products; and finally the expansion of our marketing and sales staff."
5. Tell us about the Company's management team.
Modelevi: "The team has more than 90 years of research and development experience in PAM's, organic chemistry and computer modeling for the agricultural and environmental industries. We have 9 PhD's on staff with our TerraSolv laboratory service division and we are continually researching difference uses and industries that our products can make a difference.
“An example of this is the recent development and launch of the AquaFrac product for the emerging oil and natural gas shale drilling and exploration industry. This product brings to the industry the first 100% environmentally safe and biodegradable fracturing solution."
6. Do you have any additional closing comments for potential investors?
Modelevi: “I have been with the Company for about 60 days and I am thrilled with the progress we are making. We have hired three market and sales staff and are finalizing on the relocation of our TerraSolv laboratory service division from Italy. I have joined NuEarth at an exciting phase of the company's development. NuEarth's products and technology have the potential to revolutionize the water retention, dust control and drilling markets. Our new AB Tech cleaners and paint strippers will bring a "Clean & Green" technology that will replace more hazardous solutions in various industry cleaning applications. The future is very bright for our Company and I'm proud to be associated with NuEarth.
“Our products are uniquely positioned to take advantage of the move toward environmentally sensitive products worldwide. Our target markets are dominated by smaller, under capitalized competitors – while NuEarth has developed superior products and is financially stronger and very well supported. These facts should allow us to gain market share and ultimately dominate these niche markets."
7. Does the Company have a website where investors can get more information?
Modelevi: "www.nuearthcorp.com."
FEATURED COMPANY
INFRAX SYSTEMS INCORPORATED (OTC: IFXY)
Detailed Quote: http://www.otcpicks.com/quotes/IFXY.php
Company Profile: http://www.otcpicks.com/Infrax-Systems.htm
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.
IFXY News:
August 17 - Infrax Announces the First Upgradable WiMAX / LTE Base Stations Designed to Protect Operator's Investments
Upgrade Capability to LTE Makes Infrax Products "Future Proof"
Infrax Systems, Inc. (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, today announced the availability of the first upgradable WiMAX/LTE base stations. This upgrade option provides for a migration from WiMAX (802.16e) to Long Term Evolution (LTE) capability without replacing the Base Station. As the Infrax Base Stations are FPGA based, one can change and update the core networking protocols and the channel sizes in the field making these the most flexible 4G base stations available. These modular 4G base stations can even provide the ability to change to a different frequency by changing radio modules to provide more longevity of the platform and protect network operator's investments.
Infrax's wireless communications products are a core component of Automated Metering and Substation Automation projects for Utilities. By enabling advanced, reliable communications in a variety of frequency ranges, the products have a broad application range. These WiMAX / LTE base stations can be used in different frequency ranges, such as 2.3-2.6 GHz, 3.3-3.8 GHz or 700 MHz and can also be modified to operate in the "White Space" UHF frequency range 470-860 MHz.
Gone are the days where network operators had to compromise when selecting their technology. In the battle between WiMAX and LTE, Infrax is uniquely positioned to provide not only either solution, but to allow clients to upgrade their existing WiMAX base stations to full LTE capability simply and cost effectively. As the wireless industry continues to pit WiMAX against LTE in an epic battle for 4G supremacy, with Infrax the 4G future is not an either/or proposition.
As utilities and wireless service providers roll out applications requiring greater throughput and increased reliability, this modular and scalable product line provides high performance, efficient, broadband wireless networks with the lowest OPEX and CAPEX in the industry.
FEATURED COMPANY
AQUAMER MEDICAL CORPORATION (OTCBB: AQUM)
(Company will soon be changing its name to Aquamer Urban Agricultural Corporation)
Detailed Quote: http://www.otcpicks.com/quotes/AQUM.php
Company Profile: http://www.otcpicks.com/Aquamer-Urban-Agricultural.htm
To conduct its urban indoor farming business, Urban Agricultural will be utilizing TerraSphere's proprietary system of vertically stacked growing trays that precisely controls light, temperature, water and nutrition to grow fruits and vegetables indoors. These systems are automated, software driven and sensitive to environmental concerns.
Aquamer believes that the market for urban indoor farming is significant. It is estimated that by the year 2050 the world's population will increase by an additional three billion people to well over nine billion inhabitants, with as much as 70 percent of the world's population living in cities or urban areas by 2050, up from 49 percent today. Considering that only about 10 percent of the earth's land is arable, and that more than 80 percent of this agriculturally suitable land is already being exploited, it is projected that there will not be enough horizontal growing space to feed this substantially increasing population. For decades, humans have increasingly sought the economic and physical protection offered by urban centers, but our food production has primarily remained outside these locations where it is subject to the whims of the environment. Urban indoor farming offers the promise of feeding an increasingly hungry world in a highly productive and environmentally friendly manner.
Urban Ag's goal is to promote the sustainable consumption of natural resources through clean technologies, to demonstrate environmentally and socially responsible business practices and to provide good jobs to empower a diverse community-based workforce while at the same time creating shareholder value. Urban Ag's farming activities will offer consumers a healthy, local, sustainable, eco-friendly alternative to large-scale industrial farming, which is highly dependent upon the use of agricultural fertilizers, herbicides and pesticides that may be harmful to consumers and both the agricultural products themselves and also the environment in which they are grown. TerraSphere has provided data showing that its patented vertical farming technology reduces water consumption through a highly efficient closed loop design that requires up to 75 percent less water than conventional field agriculture watering practices. Using these techniques, Urban Ag expects to be able to produce over 50 pounds of product per square foot per year, utilizing a short growing cycle of approximately 42 days versus 50 days for average greenhouse production and as compared to up to 70 days for traditional farming methodologies.
Vertical farming offers a solution for increasing fruit, produce and herb production due to the high density production providing for a much reduced physical footprint and fewer resources relative to field agriculture. Vertical farming systems have the potential for increasing urban food supplies while decreasing the ecological impact of farming including a smaller carbon footprint due to the reduction in fuel required transporting product across the country. Urban Ag's system of pesticide and herbicide free production with closed loop systems that conserves water provides significant potential for the realization of environmentally sustainable urban food production.
AQUM News:
August 17 - Aquamer Medical Corp. Announces Press and Investor Conference, NASDAQ MarketSite, Times Square
Media and Analysts Invited to Attend: CEO to Present Acquisition of Urban Agricultural, Corporate Directions and Exciting Future of Urban Farming Technology
Aquamer Medical Corp. (OTCBB: AQUM) ("Aquamer") announced a Media and Investor Conference. This conference follows on Aquamer Medical Corp.'s recent announcement of their acquisition of Urban Agricultural Corp. ("Urban Ag"), a privately owned company.
When: August 19, 2010, 1:00 PM EDT
Where: NASDAQ MarketSite, 4 Times Square, New York, NY
RSVP required for building security: E-mail
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or call (917) 680-6011.
Aquamer intends to refocus its corporate energies and to rapidly expand Urban Ag's business of urban indoor farming, the environmentally friendly and sustainable urban production of healthy agricultural products under highly controlled, indoor conditions using advanced techniques and processes.
Senior executives will be available for interviews before and after the video conference. Please contact Bradley Smith, above, to schedule.
FEATURED COMPANY
STRATEGIC MINING CORPORATION (OTC: SMNG)
Detailed Quote: http://www.otcpicks.com/quotes/SMNG.php
Company Profile: http://www.otcpicks.com/Strategic-Mining.htm
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.
SMNG News:
August 17 - Strategic Mining Completes Geological Report for Its Nevada/Utah Gold Property
Strategic Mining (OTC: SMNG) announced that it has recently completed a geological report for its East Canyon gold property located in both Nevada and Utah. Due to the presence of both gold and silver, further geological mapping, geochemical and geophysical surveys are required to develop new or refined exploration targets for both gold and silver.
Hassan Alief, the company's geological consultant, reviewed geochemical and field reports from historic and recent exploration to evaluate the property and write a report. Pending further investigation, Strategic Mining has plans for the further acquisition of adjacent properties.
President, Todd Sterck commented: "We are fortunate to have our gold property located in pro-mining states. Our goal is to establish ourselves in this region that has a long and proven track record for successful gold production."
The company has entered into negotiations with interested parties for the initial financing of $5 million required to develop at least one of its properties and begin gold production. These negotiations are in the early stages and SMC will update its shareholders on the progress as it develops.
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the U.S. (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
FEATURED COMPANY
BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)
"Up 6.25% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php
Company Profile: http://www.otcpicks.com/Biomagnetics-Diagnostics.htm
Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.
BMGP News:
July 26 - Biomagnetics Provides Investor Update
Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and other innovative technologies, provided the following updates on corporate activities.
Clayton Hardman, CEO of Biomagnetics commented, “We have recently completed a thorough review with our auditors, results which will soon be open for review. This will be the first step in becoming a fully reporting company and being listed on the OTCBB. Full transparency is critical as we expand and move forward with planned acquisitions. Over the coming weeks and months you will see substantial developments from our company. We believe we are on the leading edge in revolutionizing tuberculosis diagnostics throughout the world in partnership with Los Alamos National Laboratories. We are equally excited about introducing to the world revolutionary biodegradable plastic film and several “green” bio-fuel formulations all of which hold the promise to significantly reduce pollution. It is clearly a very exciting time for our shareholders. Below, we have provided a detailed update of some of our recent corporate activities.”
Corporate legal staff has already completed the majority of the required Securities and Exchange Commission (SEC) filing information (Form 10) and expects to file with the SEC over the next few weeks.
Integrated Optical Biosensor Development (IOBS) - Biomagnetics continues to work toward development of the world's first integrated optical biosensor for the detection of disease causing pathogens. Biomagnetics is aggressively working with the staff of Los Alamos National Security, LLC to arrange a joint conference call or webinar to discuss this project with both the medical and investment communities.
Zhuhai Oil New Energy Science and Technology, LTD Acquisition - Biomagnetics recently announced the signing of a letter of intent to acquire Zhuhai, an innovative designer and producer of low carbon biofuels. Today, the companies are releasing test results on these unique biofuel blends. According to China National Vehicle Pollutant Emission Standards, idling nitrous oxides cannot exceed 200 ppm for light duty gasoline vehicles. Recent tests using the Zhuhai low carbon gasoline blend produced test results of only 6 to 27 ppm. The high idle standard is for less than 150 ppm, with the Zhuhai blend product testing at 3 to 15 ppm. The Zhuhai gasoline product also significantly reduced carbon emissions with test results of 0% to 0.2%, versus the maximum national carbon emissions standard of 0.5%. As was announced on July 21, biofuel production at the plant was recently increased to 60 metric tons per hour. It is estimated the average pretax profit per ton of various fuel blends that will be sold to power plants and other industrial users will range between 700 RMB and 1,300 RMB per ton. The companies recently completed additional negotiations toward the closing of this merger, which included an agreement to allow Biomagnetics to manage the process of filing all U.S. patent applications for these low carbon biofuels.
Lanzhou Sanhuan New Technology Acquisition – On July 12th, Biomagnetics announced the signing of a letter of intent to acquire Lanzhou Sanhuan, the developer and patent holder of a unique highly degradable, PVA plastic film with unique gas permeation reduction features. Biomagnetics has recently completed its initial legal review of the patent held by Lanzhou, the status of current production levels and the validity of the ongoing Chinese government agriculture-related contract for a significant amount of Lanzhou PVA film. As a result of this review, Biomagnetics will move forward with a formal offer for the Company.
Additional Acquisitions - Biomagnetics is today announcing its intent to move toward an acquisition related to the manufacturing inputs for the Lanzhou PVA film while reviewing an additional proposed acquisition relating to the production of bio-fuels in China. This additional bio-fuel acquisition is designed to provide a limited level of vertical integration in order to better meet strong demand required by a local Guangdong electric power station that has agreed to place a significant order for the cleaner burning Zhuhai biofuel blend.
Relative to the acquisition of Lanzhou and Zhuhai, Biomagnetics will issue a total of 20 million shares of common stock and has agreed to capitalize these two operations with $2 million in capital of over the next 90 days. The Company believes these acquisitions will be highly accretive to earnings and will result in a significant addition to shareholder value.
STOCKS TO WATCH
DEGAMA SOFTWARE SOLUTIONS INCORPORATED (OTC: DGMA)
"Up 255.56% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DGMA.php
Degama Software Solutions, Inc. is a leading edge technology company that develops and markets proprietary location based software solutions and applications for consumers and businesses. The company builds applications, or "apps" to make it simpler and more enjoyable for people to share information and get things done together. In a vast world, Degama helps people navigate through their days and travels while at the same time staying connected to their friends, family and the world.
DGMA News:
August 20 - Degama Software Solutions, Inc. Explores Opportunities in Asia for VascoNow
DGMA Begins Talks Toward Powerful Strategy to Launch VascoNow™ in Eastern World
Degama Software Solutions, Inc. (OTC: DGMA) CEO Seijin Ki has announced that the company has entered discussions with a Market leader in Software App Marketing & Advertising to take its software to the next level with extensive branding and exposure. The company with which Degama has entered discussions is based in India and would be marketing Degama's dynamic geolocation based social networking mobile/web app, VascoNow™.
"With respect to our prospective partner, we will only announce their company details once both parties have arrived at a firm Agreement," states CEO, Ki. "Having said that, discussions have progressed to the point where we are confident to share this promising news with partners and shareholders alike. Further, it's very likely that we will have finalized terms by the end of this month and will release details immediately thereafter."
Initial discussions raised Degama interest and expectations toward developing and implementing a strong brand in line with the compelling software application. "We recognize our strengths and also areas in which we would be best served with strategic partners. Advanced Technology and applications therein are our forte; having a partner to put a 'face' to this technology toward mass recognition will be a primary goal in positioning VascoNow for success," adds Ki.
Degama's prospective partner, under current discussions, plans to sell advertising as well as promotional and loyalty programs for VascoNow™ to major brands in the hospitality and travel industries, among several other Agreement features which would prove "extremely lucrative for Degama," states Ki. "Our focus in the coming days will be in closing this deal toward a mutually beneficial partnership that we feel will inevitably lend itself to remarkable progress for VascoNow™ and toward overall growth for Degama Software Solutions."
EVERGREEN ENERGY INCORPORATED (NYSE: EEE)
"Up 25.93% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EEE.php
Evergreen Energy Inc. has developed two proven, proprietary, patented, and transformative green technologies: the GreenCert™ suite of software and services and K-Fuel®. GreenCert, which is owned exclusively by Evergreen, is a science-based, scalable family of environmental intelligence solutions that quantify process efficiency and greenhouse gas emissions from energy, industrial and agricultural sources and may be used to create verifiable emission reduction credits. K-Fuel technology significantly improves the performance of low-rank coals, yielding higher efficiency and lowering emissions.
EEE News:
August 9 - Evergreen Energy Announces One-for-Twelve Reverse Stock Split
The board of directors of Evergreen Energy Inc. (NYSE: EEE) approved the execution of a reverse split of its common shares at a ratio of 1-for-12 to be effective August 20th.
At the Annual Meeting on July 13th, Evergreen's shareholders approved the reverse split, which is expected to bring the stock price into compliance with the NYSE Arca continued listing requirements. Failure to maintain the listing would trigger the fundamental change provision of the company’s outstanding 2007 Convertible Notes. Trading of Evergreen’s common stock on the NYSE Arca will continue, on a reverse stock split-adjusted basis, with the opening of the market on August 20, 2010.
XYNERGY HOLDINGS INCORPORATED (OTC: XYNH)
"Up 91.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/XYNH.php
Xynergy Holdings, Inc. is committed to meeting the world’s growing energy needs while also promoting environmentally conscious business practices and sustainability. Their focus is on promoting global commerce within the realm of a global economy.
XYNH News:
August 12 - Xynergy Holdings, Inc. Acquires Simply Distribution, LLC
Xynergy Holdings, Inc. (OTC: XYNH) (the "Company") announced that it has completed the transaction and acquired Simply Distribution, LLC ("Simply"). Simply is licensed to import and distribute food, beer, wine and distilled spirit products from around the world. Simply is in the final stages of finalizing a distribution agreement with a foreign company to distribute its complete line of Organic Wines throughout the United States. It has completed the design and manufacture of the display racks to place throughout retailers upon the arrival of the first wine shipment.
JC Ley, Xynergy Holding's CEO states, "In addition to the distribution agreement for the organic wines, the company has been working on other distribution agreements and developing trademarks that will be positive additions to the product mix, and create revenues for the company."
CYBERLUX CORPORATION (OTCBB: CYBLD)
"Up 2.86% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CYBLD.php
Cyberlux Corporation, a leader in solid-state lighting innovation, has developed breakthrough LED lighting technology that provides the most energy efficient and cost effective portable lighting solutions available today for military and commercial uses.
CYBLD News:
August 16 - Cyberlux Books $510,000 in Revenue by Fulfilling Next Shipment of the $3.4 Million National Guard Bureau Contract
Company Ships 30 BrightEye Systems
Cyberlux Corporation (OTCBB: CYBL), a leading provider of LED lighting solutions, announced today that the Company has produced and shipped the next thirty BrightEye Systems of the $3.4 million order awarded to Cyberlux by the National Guard in June 2010. The execution of this order represents $510,000 in revenue, or $850,000 of total booked revenue in the last sixty days.
“We have successfully delivered roughly one-quarter of this contract and anticipate completing the delivery by fourth quarter 2010,” said Mark Schmidt, chief executive officer of Cyberlux Corporation. “We are excited to be on track with the fulfillment of this National Guard order, as well as the revenue growth associated with this opportunity. We understand the importance of this contract and plan to fully utilize the opportunity to expand our business. We have had back-to-back record revenue months that have afforded us sustainable, non-dilutive working capital to fulfill this contract and others. While simultaneously completing this contract and having our business development division secure new business, we are achieving the goal of creating a diverse business model capable of delivering for its client base. As we have stated previously, we understand the amount of work left to go if we want our company to be successful. The stringent internal guidelines we’ve implemented are delivering the results that we knew would be achieved if adhered to properly,” added Schmidt.
The BrightEye Tactical Illumination Systems are innovative LED lighting products designed as highly dependable, portable visible and covert illumination systems, with night-vision capability for mission-critical tactical lighting. Unique to the marketplace, the BrightEye Tactical Lighting Systems provide broad area visible white lighting and night-vision compatible IR lighting capable of operating all night, which is unavailable in traditional lighting systems. When rapid deployment and high-intensity lighting capability are required, the BrightEye systems deliver best-in-class performance using advanced optics, advanced solid-state lighting technology and light-weight advanced battery power, all contained in easily transportable wheeled case.
KENTUCKY ENERGY INCORPORATED (OTC: QMIN)
"Up 16.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/QMIN.php
Kentucky Energy Inc. (formerly Quest Minerals & Mining Corp.) acquires and operates energy and mineral related properties in the southeastern part of the United States. Our efforts are focused on properties that produce quality compliance blend coal.
QMIN News:
June 16 - Kentucky Energy, Inc. is the New Name of Quest Minerals & Mining Corp.
Reverse Stock Split Effective
Quest Minerals & Mining Corp. (OTC: QMIN), a Kentucky-based operator of energy and mineral related properties, today announced that it has filed articles of amendment (to be effective on June 16, 2010) with the Utah Secretary of State to change its corporate name from "Quest Minerals & Mining Corp." to "Kentucky Energy, Inc."
Quest's board of directors has approved a 1-for-20 reverse stock split of its currently outstanding shares of common stock. The pre-split total shares of common stock outstanding was 1,956,466,735 and post-split total shares of common stock outstanding will be 97,823,337 (subject to adjustment for settlement of fractional shares, which will be rounded up to the nearest whole share).
On June 16, 2010, we received notice from FINRA/OTC Corporate Actions that the name change and reverse stock split take effect at the open of business on June 17, 2010. As of June 1, 2010, name change requests may or may not result in symbol changes. Our new symbol on this date will be "QMIND.PK." The "D" on our symbol will be removed 20 business days from July 16, 2010 (20 business days from June 17, 2010).
AMBASSADORS INTERNATIONAL INCORPORATED (NASDAQ: AMIE)
"Up 4.92% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AMIE.php
Ambassadors International, Inc. is primarily a cruise company. The Company operates Windstar Cruises, an international, luxury cruise line. The Company is transitioning its headquarters from Newport Beach, California to Seattle, Washington. In this press release, any reference to "Company," "Ambassadors," "management," "we," "us" and "our" refers to Ambassadors International, Inc. and its management team.
AMIE News:
August 12 - Ambassadors International, Inc. Announces Second Quarter 2010 Results
Ambassadors International, Inc. (Nasdaq: AMIE) (the "Company") announced that its financial results for the second quarter ended June 30, 2010.
Key Highlights
Ambassadors reduced its net loss by $16.8 million for the three months ended June 30, 2010 as compared to the three months ended June 30, 2009.
Total revenue from continuing operations for the three months ended June 30, 2010 was $13.4 million, compared to $14.6 million for the three months ended June 30, 2009. The decrease in revenue was primarily due to the global economic conditions over the last twelve months which impacted both occupancy rates and price points of ticket sales during the second quarter of 2010.
Cruise operating expenses were $12.2 million for the three months ended June 30, 2010 compared to $12.5 million for the three months ended June 30, 2009. The decrease in cruise operating expenses was due to reduced passenger counts and efficiencies gained in cruise operations. The reduction in costs was partially offset by an increase in fuel prices in 2010.
Net loss for the three months ended June 30, 2010 was $5.2 million compared to a net loss of $22.0 million for the three months ended June 30, 2009.
2010 Outlook
"The Company continues to reduce its operating loss and remains focused on strengthening our financial position with the goal of becoming profitable," said Hans Birkholz, CEO of Ambassadors International, Inc., and Windstar Cruises. "For the second half of the year, we are on track for growth, experiencing positive improvement in per diems and load factors and we anticipate approximately an 11 percent improvement in revenue as compared to the second half of 2009."
"We believe that the Company has adequate liquidity to feel comfortable about our liquidity position," said Birkholz. "Furthermore, we currently have the full availability of our $5 million revolving credit facility."
2011 Outlook
Despite ongoing global economic conditions, the Company is cautiously optimistic about its revenue prospects as evidenced by Windstar's strong advance bookings and high repeat rate of past guests. Bookings for charter and FIT business continue to increase when compared to the same timeframe a year ago. "Windstar is an award-winning product and we are confident that by actively promoting Windstar's value proposition in conjunction with strong offers will drive revenue," said Birkholz. "We are also very excited about our new itineraries and the level of advance bookings on them."
NASDAQ Update
As previously disclosed, the Company is currently not in compliance with two of the applicable requirements for continued listing of its common stock on the Nasdaq Global Market. Those requirements are that the Company must have evidenced a closing bid price of $1.00 or more for a minimum of 10 consecutive trading days and that the Company must have stockholders' equity of at least $10 million. The Company has received letters from the Nasdaq staff formally notifying the Company of its failure to meet these requirements. Stockholders approved a one-for-eight reverse stock split at the Company's annual meeting on July 30, 2010, in order to regain compliance with the bid price requirement. This reverse stock split is expected to take effect in late August 2010. Following the implementation of the reverse stock split, stockholders holding common stock certificates will receive a letter of transmittal from the Company's transfer agent, BNY Mellon Shareowner Services, or from their broker with specific instructions regarding the exchange of stock certificates. Additional details related to the reverse stock split may be obtained from the Company's Proxy Statement dated June 30, 2010, a copy of which is available online on the Company's website under "SEC Filings." The Company has been invited to present its views with respect to the stockholders' equity requirement to the Nasdaq Listing Qualifications Panel, and the Company intends to do so shortly.
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