For Friday, September 30th
GCLL
RPTN, TOFS, HEV, POTG, DUSS, OBJE
Our Stocks to Watch today include GreenCell Inc. (OTCBB: GCLL), Raptor Networks Technology Inc. (OTCBB: RPTN), 247MGI Inc. (OTC: TOFS), Ener1 Inc. (NASDAQ: HEV), Portage Resources Inc. (OTCQB: POTG), Dussault Apparel Inc. (OTC: DUSS) and Obscene Jeans Corp. (OTCQB: OBJE).
FEATURED COMPANY
GREENCELL INCORPORATED (OTCBB: GCLL)
Detailed Quote: http://www.otcpicks.com/quotes/GCLL.php
Company Profile: http://bit.ly/rjsQnf
GreenCell Inc., founded in 2009 and headquartered in Orlando, Florida is engaged in a joint venture with SenCer Inc. to develop, commercialize, and market SenCer's UltraTemp™ ceramic composite materials for home and transportation applications.
GCLL News:
September 21 - GreenCell Inc Announces Milestone for Its New Anode Materials
GreenCell, Inc. (OTCBB: GCLL) announced that they have successfully tested their new anode material under reducing conditions (hydrogen) and has maintained a high conductivity and no signs of degradation. This completes a process for low cost anodes and cathodes. The next step will be to fabricate and test devices from this family of conductive compounds. These include fuel cell stacks, and automotive sensors.
Dan Valladao, CEO of GreenCell, comments, "GreenCell is very excited with our continued success working with our Ultra Temp materials which will allow us to reach our ultimate goal of successful manufacturing of multiple revolutionary products across several industries."
STOCKS TO WATCH
RAPTOR NETWORKS TECHNOLOGY INCORPORATED (OTCBB: RPTN)
"Up 51.61% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/RPTN.php
Raptor Networks Technology, Inc. has developed the world's first "distributed fabric" network switching architectures, all open-standards based, that benefit networks that provide newer latency-sensitive services such as video, VOIP, high speed server and storage clustering and the like. This patented Distributed Network Switching Technology enables new network build outs and performance upgrades of traditional chassis-based installations in a highly cost effective manner. Management believes that the unique advantage Raptor provides is speed over distance: data transport at wire speed, in hardware, between spatially separated network elements. Enhanced network reliability, lower power consumption and reduced form factor combine to enable significant savings in both acquisition costs as well as operating expense. Raptor's network switching products engender the feature set and versatility to run the most advanced new data applications.
RPTN News:
August 4 - Raptor Networks Files Form 8-K With SEC
Raptor Networks Technology, Inc. (OTCBB: RPTN) (“the company”) filed Form 8-K with the Securities and Exchange Commission. Visit http://bit.ly/nQGHJi to see some of the details of the filing.
247MGI INCORPORATED (OTC: TOFS)
"Up 42.86% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TOFS.php
247MGI, Inc. does not have significant operations. It intends to acquire assets or shares of an entity actively engaged in business. Previously, the company, through its subsidiary, Yard Sale Drop Off, Inc., operated as a trading assistant and power seller that assisted others to list and sell items through on-line auctions on the eBay Web site. The company was founded in 1991 and is based in Fort Lauderdale, Florida.
TOFS News:
September 28 - 247MGI Completes Merger, Enters Billion Dollar Financial Service Sector and Forecasts Revenues in Excess of $10 Million
247MGI, Inc. (OTC: TOFS) (“247MGI”) announced through its wholly owned subsidiary Baron Capital Holdings, LLC, TOFS has officially completed the acquisition of Baron Capital Transfer and Registrar, LLC, a stock Transfer Agency registered with the SEC.
The Company shall be profitable during the fourth quarter of 2011 and should have projected revenue of over $10 million for fiscal 2012 from the investment division alone, not including fees generated from the Transfer Agency or any of its brokerage services.
The Company has filed with the State of Florida an Amendment to take effect November 1, 2011 to change the name of the Company to Baron Capital Enterprises, Inc. This will give the Company time to work with FINRA to complete the name change and obtain a new trading symbol.
Through a series of subsidiaries the Company shall complete its objectives, the first two subsidiaries to become active are the Transfer Agency which shall commence operations in October; this will generate revenue for the Company, and act as a conduit for other business opportunities. The second division will be the investment division which shall purchase aged convertible debt or participate in private placements. These ventures usually bring a high rate of return. This division alone will start out with several hundred thousand dollars of aged convertible debt which it will begin converting and turning into cash for the Company to use during October.
The investment division will fall under the brokerage side of the business. The Company plans to purchase two separate firms, one for trading and clearing of securities and the other for retail investors. The retail firm will use an online platform to maintain low operating costs, while using the other firm to clear and handle trades. The Company has been doing extensive research to find suitable candidates that will fill these spots and should be placing a deposit on one in the coming weeks.
Over the next year the Company will register with the SEC to act as a clearing agency to help offer companies an alternative to DTCC as well as create a secondary market place for companies to trade. These ventures will take time to complete, but will truly make Baron Capital a “one stop shop.”
During the coming months the Company looks to expand the Board of Directors with local business leaders and people who can add creditability to the overall Company, as well as adding additional Officers while being cost conscious.
ENER1 INCORPORATED (NASDAQ: HEV)
"Up 38.78% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HEV.php
Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery pack systems for energy storage in the United States and South Korea. It operates in three segments: Transportation, Grid Energy Storage, and Small Pack. The Transportation segment produces batteries and battery solutions for hybrid electric vehicles, plug-in hybrid electric vehicles, and electric vehicles, as well as trucks and buses. The Grid Energy Storage segment develops and manufactures energy storage applications for utility grid and commercial applications. The Small Pack segment manufactures lithium-ion batteries for customers in the handheld scanner, personal digital assistant, and medical device markets. The company serves original equipment manufacturers (OEM) in the light and heavy-duty industries, as well as suppliers of automotive, truck, and bus OEMs; utilities, renewable energy suppliers, solar and geothermal installers, and homeowners; and consumer product companies in the telephone and the hand-held scanner markets. Ener1, Inc. was founded in 1985 and is headquartered in New York, New York.
HEV News:
September 27 - Federman & Sherwood Reminds Investors of Imminent Deadline in Securities Class Action Lawsuit Against Ener1, Inc.
On August 18, 2011, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Ener1, Inc. (NASDAQ: HEV). Federman & Sherwood reminds current and former shareholders of Ener1, Inc. that they only have until Monday, October 17, 2011 to move for appointment as a lead plaintiff in this case. The Complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
If you purchased Ener1, Inc. between January 10, 2011 and August 15, 2011, and wish to move the court to serve as a plaintiff, please contact our office as soon as possible. Our firm seeks to recover damages on behalf of the Class. Federman & Sherwood has extensive experience and expertise in prosecuting securities litigation involving financial fraud. We represent investors throughout the country in shareholder litigation.
PORTAGE RESOURCES INCORPORATED (OTC: POTG)
"Up 28.25% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/POTG.php
Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties. The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.
POTG News:
September 30 - Portage Resources Inc., Through It's Wholly Owned Subsidiary Portage Minerals S.A., Signs Definitive Agreement to Acquire a Majority Share of the Rocas #2 Concession Totaling the Rocas Potentials to Now Over 3.5 Billion Dollars in Gold Reserves
Portage Resources Inc. (OTCQB: POTG), through its wholly owned subsidiary Portage Minerals S.A. ("Portage" or the "Company"), has signed a definitive agreement with Nilam Resources S.A. to acquire 55% of the Rocas #2 project "aka" concession Ruth RB code 010516107 in the Chiquian district, Department of Ancash.
This concession consists of 200 hectares and is completely surrounded by approx. 3000 hectares of mining properties controlled by industry giant BHP and is located 36 km west of the great Antimina/Pierina project that has produced upwards of 10 million ounces of gold since 1996.
Portage Resources Inc. President and CEO Paul Luna stated, "Preliminary Independent lab results indicated lower grades of gold and silver but massive volume results. As announced previously, the Rocas #1 shows potential of $2.5 Billion dollars, and Rocas # 2 is smaller in dimensions with indicated potentials of over $1 Billion Dollars in reserves, thus making potential reserves of over $3.5 Billion Dollars in the immediate area. The independent lab figures are compounded with the Pierina 10 million ounce production results, the massive presence of BHP, the Rocas #1 opinions previously announced coupled with the Rocas # 2 acquisition. I am glad to report that negotiations moved quickly after the Rocas #1 acquisition and we were able to secure the Rocas #2 concession as another great addition to the Portage portfolio."
The terms of this acquisition include a minimum investment of $50,000 USD or 200 meters drilling within 24 months of all permits and registry. Further, the additional 45% of the project can be acquired at any time for $0.675 per each ounce of silver on the total silver resource. Nilam Resources will also receive a one time payment of three and a half million shares of Portage Resources Inc.
DUSSAULT APPAREL INCORPORATED (OTCQB: DUSS)
"Up 16.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DUSS.php
Dussault Apparel, Inc. is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC bulletin board.
DUSS News:
September 21 - Dussault Apparel Inc. Announces 'Dussault Inc.' Will Premiere on City TV September 24th
Undertakes Comprehensive Review
Dussault Apparel Inc. (OTC: DUSS) announced today that "Dussault Inc." will premiere on September 24th at 8:30 pm ET/PT on City TV. This fast-paced series follows Jason Dussault as he balances the glamour and grit of international fashion design with the trials and triumphs of raising a family with his partner — actress, model and business owner, Mashiah Vaughn.
In the premiere episode, "New Showroom," Jason decides to open a Dussault Apparel showroom in Vancouver after shutting down his million-dollar flagship store in Los Angeles. The catch? He wants to do it in less than one week! On the family side, Jason's partner Mashiah asks him to babysit their kids so she can close an Open Sundaes deal. Jason, however, is torn between hanging out in New York with his friends from Nickelback and doing the right thing.
Dussault Inc. is executive produced by David Paperny, Cal Shumiatcher, Audrey Mehler and Ziad Touma, who also acts as the series director.
For more details visit Citytv.com for full episodes and exciting extras from some of your favourite Citytv programming, including Dussault. Inc available 24 – 48 hours post broadcast. You can now also catch up on your iPad by downloading the free Citytv video app on iTunes.
Barring any scheduling changes for the show, we're looking to do the live chat on Saturday, October 8 at 9pm ET, right after the 3rd episode airs. The link will be www.citytv.com/dussault (link should be live by the end of the week).
OBSCENE JEANS CORPORATION (OTCBB: OBJE)
"Up 25.00% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/OBJE.php
Obscene Jeans Corp. is an emergent, design-based lifestyle brand and apparel company. OBJE is an OTCQB publicly traded company. For more information, visit www.obscenejeans.com.
OBJE News:
September 23 - OBJE Puts Final Touches on Men’s Jeans Collection
This fall, Obscene Jeans Corp. (OTCQB: OBJE) asks, “Why should women have all the fun?” The glamorous and edgy fashion company is proving that what’s Obscene for the goose is Obscene for the gander by putting the finishing touches on its first capsule collection for men.
“I’ve wanted to do a men’s line for as long as I’ve worked with Obscene Jeans, and now the time is completely right,” said OBJE CEO Rachel Stark-Cappelli. “The first sketches of a men’s line were done alongside our women’s line, and we feel the time is right to produce it after witnessing the incredible response that the women’s jeans have received. I’ve already received images from the manufacturer in Turkey of our first men’s prototype jeans, and they look better than even we expected.
“If everything goes according to plan, they should be ready to show by the end of October,” she added.
The new capsule collection will be the perfect selection for boutiques, topping out between 8-10 pieces in three different fits. As with the women’s line, OBJE’s men’s collection will be a potent mix of sophisticated and streetwise, Stark-Cappelli said.
“We’re striving to achieve what we’re calling an ‘elegant street style’ with this collection,” she said. “That means combining high-end fabrics and gorgeous stitching with some wild washes and more relaxed fits. These jeans will definitely be made to stand out.”
Obscene Jeans expects to have both its new men’s collection and women’s collection ready for delivery by Feb. 28, 2012. The women’s line will be delivered to stores starting Jan. 31, with a mini collectionmade available exclusively at OBJE’s forthcoming online boutique in time for Christmas shopping. Photos and video of Obscene Jeans’ dazzling denim designs are available now on OBJE’s Facebook page and YouTube channel.
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