For Wednesday, August 25th
SMNG, IFXY, NUEC, AQUM
BFHJ, EEE, DTRO, QMIN, SOMX, ADAC
Our Stocks to Watch today include Strategic Mining Corp. (OTC: SMNG), Infrax Systems Inc. (OTCBB: IFXY), NuEarth Corp. (OTC: NUEC), Aquamer Medical / Aquamer Urban Agricultural Corp. (OTCBB: AQUM), Beneficial Holdings Inc. (OTC: BFHJ), Evergreen Energy Inc. (NYSE: EEE), Deltron Inc. (OTCBB: DTRO), Kentucky Energy Inc. (OTC: QMIN), Somaxon Pharmaceuticals Inc. (Nasdaq: SOMX) and Adama Technolgies Corp. (OTCBB: ADAC).
FEATURED COMPANY
STRATEGIC MINING CORPORATION (OTC: SMNG)
"Up 15.38% in morning trading"
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
INFRAX SYSTEMS INCORPORATED (OTC: IFXY)
"Up 9.52% in morning trading"
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
NUEARTH CORPORATION (OTC: NUEC)
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 24 - NuEarth Signs Joint Venture Continuation Agreement with Laboratorio Internazionale Agricoltura, S/p/A and Signs Two $750,000 Agricultural Modeling Contracts for a Total of $1.5 Million in New Laboratory Contracts
NuEarth Corporation (OTC: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that the company's Laboratory and Research Division "TerraSolv SA" has renegotiated and finalized its Joint Venture Agreement with Laboratorio Internazionale Agricoltura, S/p/A ("LIA") of Italy.
The Finalizing of the Joint Venture Continuation Agreement brings 2 new laboratory projects to TerraSolv. These projects are valued currently valued at more than $1.5 Million over the three-month work schedule starting in October 2010. However, each contact has provisions that could triple the final contact value to more than $6 Million USD over their 12 month life cycle. "We've seen incredible value from the lab, which has paid for itself several times over in its first year of operations. It represents a new, higher standard for doing business in IT throughout the environmental and agricultural industries. We're taking more risk out of the system, putting more structure into it, suffering less downtime and delivering higher-quality services," said Levi Modelevi - CEO of NuEarth Corporation the parent of TerraSolv SA. The TerraSolv SA Laboratory has generated more than $32 Million over its 3 year existence – Mostly due to the Joint Venture with Laboratorio Internazionale Agricoltura, S/p/A.
The joint venture will continue to utilize the TerraSolv SA state-of-the-art development and testing lab currently being relocated to the United States of America. This data center, which collects data from clients around the world to run projects ranging from usability, capacity, spread and weather modeling and performance testing. The heart of the laboratory is a 225-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the software being tested.
TerraSolve/LIA is a state-of-the-art development and testing lab, which collects data from clients around the world to run projects simulations ranging from usability, capacity, spread and weather modeling testing. The heart of the laboratory is a 160-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the modeling software.
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.
STOCKS TO WATCH
BENEFICIAL HOLDINGS INCORPORATED (OTC: BFHJ)
"Up 140.00% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/BFHJ.php
Beneficial Holdings, Inc., is an international casino investment and management holding company, specializing in acquiring undervalued gaming assets. The Company presently maintains one hotel and two physical gaming properties and is in the process of acquiring a third property while creating its online casino. The company funds its acquisitions with private investment capital with the intent to increase shareholder value while building a world-class gaming operation.
BFHJ News:
June 7 - Beneficial Holdings Announces Pre-Online Casino Launch Media Campaign
Beneficial Holdings Inc. (OTC: BFHJ), a gaming and hospitality ownership-management company announced that it will embark on a mass media campaign announcing the launch of their new online poker-casino site. The campaign will focus on European, Asian, Canadian, and Latin American markets in order to comply with all international and domestic gaming laws.
The Company expects to go live by month's end and recognizes the competitive nature of the online gaming industry, thus management's decision to mass market the pre-launch.
The Company will market cross media via radio, print, cable, direct marketing, and internet with consumer related incentives and bonuses. The Company will mass mail disks that enable potential players to access its proprietary gaming software. These disks will also include many consumer friendly incentives and other yet to be determined prizes and bonuses per all applicable laws.
"We expect to become a major force within the very lucrative online poker and gaming industry rivaling some of the biggest and most respected online gaming sites such as PartyGaming PLC, William Hill Company, Bodog, and Ladbrokes. The Company will follow all domestic and international gaming laws at all times and expects nothing less than total success," said Alex Papic, Vice President.
EVERGREEN ENERGY INCORPORATED (NYSE: EEE)
"Up 24.18% 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 25 - Evergreen Energy Agrees to Exchange a Portion of its Outstanding 2007 Convertible Debt
Evergreen Energy Inc. (NYSE: EEE) signed an agreement with certain holders of its 2007 Convertible Notes to exchange and retire approximately $3.1 million in outstanding debt and accrued interest for 981,250 shares of common stock on a post-split basis. This transaction reduces the $27.4 million of notes due in August 2012 to $24.4 million. The company is continuing its discussions with other 2007 bondholders to evaluate options for further reducing the remaining balance.
Thomas H. Stoner, CEO and director of Evergreen, stated, “The agreement with a portion of the 2007 Bondholders represents a milestone in our continued effort to come to a resolution with our bondholders on outstanding debt. We are focused on reaching the best terms with which to deleverage the company and to operate on firmer financial footing as a clean technology company.”
The exchange is expected to close within the next five trading days and includes a release of any claims the bondholders participating in the exchange may have arising out of the notes or the indenture governing the notes.
DELTRON INCORPORATED (OTCBB: DTRO)
"Up 82.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DTRO.php
Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. Wholly owned Elasco is a proven innovator in product manufacturing with a 31-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California. Blu Vu, a division of Deltron, is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional scuba systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster.
DTRO News:
August 24 - Deltron Secures International Patent Rights for Breathing Valve Technology
Deltron, Inc. (OTCBB: DTRO) announces that on August 4, 2010 the Company signed an agreement to secure both domestic and international patent rights for integral components of its highly innovative rebreather technology. Deltron’s Blu Vu division designs and develops components as well as complete systems for closed-circuit rebreathers, underwater life support systems that recirculate breathing gases to enable deeper, longer and more productive commercial and recreational dives.
Deltron has acquired the marketing and development rights to a highly innovative breathing valve and mouthpiece design comprised of a bailout valve, mouthpiece and valve unit for its leading edge rebreather systems. The acquisition gives its Blu Vu division the rights to develop new products based on the technology and to license the technology to other manufacturers of rebreathers and rebreather components throughout the United States, Europe and Australia. Patent applications for the technology have been filed and are awaiting approval.
Henry Larrucea, Deltron CEO, commented: “Securing international and domestic patent rights for these critical designs puts Blu Vu on firm footing for growth and leadership in the rebreather sector. We are proud of the design and development of these components and believe they add significantly to the value of Deltron’s intellectual property portfolio.”
Blu Vu designs and develops proprietary closed-circuit rebreathers and components for deep sea oil & gas exploration, mining, search and rescue, fire, building safety and hazardous materials applications as well as for recreational diving. Rebreathers are highly efficient breathing systems that recirculate the gas a diver breathes, removing the carbon dioxide generated by human metabolism and adding oxygen and other gases to replace what is consumed. Rebreathers are more efficient and less limiting than conventional scuba systems, enabling commercial and recreational divers to go deeper, stay underwater longer, increase productivity during dives, and minimize decompression obligations.
KENTUCKY ENERGY INCORPORATED (OTC: QMIN)
"Up 80.00% 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:
August 25 - Kentucky Energy Inc. July 31, 2010, Year to Date Production Results
Gwenco to Report Coal Revenue Increase of 341% Clean Tons of Coal
Kentucky Energy Inc. (OTC: QMIN) (Kentucky Energy), a Kentucky based operator of energy and mineral related properties, today announced its financial results for its second quarter ended June 30, 2010.
Second Quarter 2010 Highlights
Year to date revenue was $1.48M compared to $0.33M in 2009.
Kentucky Energy coal revenues were $1,458,351 for the six months ended June 30, 2010, as compared to $330,314 for the six months ended June 30, 2009, an increase of approximately 341%. This increase in revenues was due to an increased level of mining operations in the first six months of 2010 versus 2009. Kentucky Energy subsidiary Gwenco leases over 700 acres of coal mines, with approximately 12,999,000 tons of coal in place in six seams.
Eugene Chiaramonte, Jr., President of Kentucky Energy, noted, "The improved year to date revenue represents an important milestone for our Company. This significant increase in revenue resulted from our ability to mine on a more consistent basis as compared to the prior period. As a percentage of net sales, our production costs decreased, as our additional cost expenditures resulted in more efficient and productive mining operations. We added and upgraded equipment which allowed us to be in production more consistently. In addition, as we advanced further into the mine, the coal seam thickened, which resulted in improved rates of recovery and a higher percentage of coal per gross ton extracted."
"We continue to work toward our production goal of 10,000 clean tons of coal per month. We are proud our coal meets sulfur dioxide emission standards for air quality without the need for flue-gas desulfurization," Mr. Chiaramonte concluded.
SOMAXON PHARMACEUTICALS INCORPORATED (NASDAQ: SOMX)
"Up 51.63% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SOMX.php
Headquartered in San Diego, CA, Somaxon Pharmaceuticals, Inc. is a specialty pharmaceutical company focused on the in-licensing and development of proprietary product candidates for the treatment of diseases and disorders in the fields of psychiatry and neurology. A New Drug Application (NDA) for Silenor® (doxepin), Somaxon’s drug candidate for insomnia, has been filed with the U.S. Food and Drug Administration and currently is under review.
SOMX News:
August 25 - Somaxon Pharmaceuticals Announces Silenor® Co-Promotion Agreement with Procter & Gamble
* Combined Sales Forces to Launch Silenor to Physicians in September
* Procter & Gamble to Provide Pharmacy Calls and Supplemental Managed Care Support
* Silenor OTC Negotiation Rights Included
* Conference Call Scheduled for Today at 9:00 a.m. Eastern
Somaxon Pharmaceuticals, Inc. (Nasdaq: SOMX) announced that Somaxon and Procter & Gamble (NYSE: PG) have entered into a co-promotion agreement for Silenor® (doxepin), a newly-approved treatment for insomnia characterized by difficulty with sleep maintenance.
Under the terms of the agreement, Somaxon and Procter & Gamble will co-promote Silenor with a combined 215 sales representatives in the U.S. market. Procter & Gamble’s professional health care sales force will promote Silenor to targeted primary care and other high-prescribing physicians. Somaxon’s focus will be on specialists and other top-decile physicians who treat insomnia. In addition, Procter & Gamble will promote Silenor to targeted pharmacies and will provide supplemental managed care support services for Silenor. Somaxon has also granted Procter & Gamble a right of first negotiation relating to rights to develop and market Silenor as an over-the-counter medication in the U.S.
“We are extremely excited to add Procter & Gamble’s highly regarded and tenured professional sales force to our commercialization effort for Silenor,” said Richard W. Pascoe, Somaxon’s President and Chief Executive Officer. “With the combined effort of both sales forces, we will target 35,000 of the highest prescribers of insomnia products as well as 25,000 pharmacies, which we believe will allow us to be highly competitive in the insomnia market. In addition, we are excited about the potential to partner with Procter & Gamble for the OTC rights to Silenor as a future life cycle management opportunity.”
“We are thrilled to partner with Somaxon to co-promote Silenor,” said Thomas M. Finn, President, Global Health Care at Procter & Gamble. “This opportunity is an excellent fit with P&G Health Care’s current and future business interests, and we are confident P&G’s professional sales force will help Silenor deliver both for patients and in the marketplace.”
Somaxon will record all sales of Silenor and will pay Procter & Gamble a combination of fixed fees and a royalty based on U.S. net sales. Each party will be responsible for the costs of maintaining and operating its own sales force, and Somaxon is responsible for all other costs pertaining to the commercialization of Silenor. The term of the agreement runs through December 31, 2012, renewable thereafter, and Somaxon will pay Procter & Gamble a reduced royalty based on U.S. net sales of Silenor for one year after the expiration of the agreement or its earlier termination under certain circumstances. Governance of the collaboration will occur through a joint commercialization committee.
ADAMA TECHNOLOGIES CORPORATION (OTCBB: ADAC)
"Up 44.66% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ADAC.php
Adama is a brownfield remediation company whose foundation lies in its patented technology. The Technology successfully treats all Resource and Recovery Act (RCRA) and Universal Treatment Standards (UTS) metals. The Technology has successfully completed the U.S. (EPA) "SITE" program and is ready for commercial use.
ADAC News:
August 24 - Adama Technologies Reports on Advanced Negotiations to Merge With Privately-Held Clean Tech Enterprise
Merger Candidate Holds Approximately $4 Million in Assets & Projected Fiscal 2011 Revenue of $10 Million
Adama Technolgies Corporation (OTCBB: ADAC), a clean tech company specifically dedicated to brownfield remediation with a License of patented and proven technology, announced that they entered into negotiation with a privately-held clean tech company based in Israel. The Company holds approximately $4 million in assets and expects to generate revenue of approximately $10 million in 2011.
This merger would provide Adama a host of benefits including: increased cash flow, revenue, a broadened product portfolio and access to their existing and growing client base.
"The negotiations with a company with this magnitude of business, revenue and potential, represents an enormous leap forward for Adama. We hope to enter the Letter of Intent stage in the up coming weeks at which time we will be able to release more information concerning the Merger itself and the Company involved. With adding this merger to Adama revenue projection of $8 million in 2011, as the company pilot plan with the IEPA in its last stages, we are fully cognizant of the impact of this type of merger on our Company and its shareholders," stated Aviram Malik, CEO.
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