For Wednesday, October 20th
BPAC, FWDG, TADF
FRGB, SIGO, DIAAF, DEAR, ICOA, SFIO
Our Stocks to Watch today include Biopack Environmental Solutions Inc. (OTCBB: BPAC), FutureWorld Energy Inc. (OTC: FWDG), Tactical Air Defense Services Inc. (OTCBB: TADF), First Regional Bancorp (OTC: FRGB), Sunset Island Group Inc. (OTC: SIGO), Diamant Art Corp. (OTC: DIAAF), Dearborn Bancorp Inc. (Nasdaq: DEAR), ICOA Inc. (OTC: ICOA) and Smokefree Innotec Inc. (OTC: SFIO).
BIOPACK ENVIRONMENTAL SOLUTIONS (OTCBB: BPAC)
Detailed Quote: http://www.otcpicks.com/quotes/BPAC.php
Company Profile: http://otcpicks.com/Biopack-Environmental-Solutions.htm
Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in Jiangmen, China, Biopack has earned the “premium brand” label in the biodegradable packaging market in Europe. Distributed under the “Roots Biopack” trademark, Biopack’s unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa.
October 20 - SectorWatch.biz: Profits With a Conscience
Navigating the challenging economic waters of the past few years has forced consumers and businesses alike to make tough decisions often bowing to economic concerns over being a good citizen of the world. However, many successful companies have found a path that respects profitability while doing what's good for the environment.
One such company is Biopack Environmental Solutions Inc. (OTCBB: BPAC), a designer, manufacturer and supplier of 100% biodegradable and compostable packaging products, which recently announced it had entered into an agreement with Solupack Sistemas de Embalagens Ltda ("Solupack") for distribution in Latin America.
Brazil is the world's largest producer of sugarcane, and its related waste by-product called "Bagasse" which is the source of Biopack's products, but has few manufacturers of packaging products using this ingredient. Solupack will use Biopack's products to launch into the biodegradable and environmentally-friendly packaging market.
Biopack is expanding R&D of its revolutionary "biodegradable" coating for its food trays enabling Biopack to establish a dominant position in massive new markets like fast food, fresh meat and seafood packaging. Other applications include airline food trays and the highly lucrative ready-meal / frozen food markets.
The key drivers behind the sustainable packaging market are legislation, consumer demand and building an environmentally-friendly corporate image. According to independent market research group PIRA International and Euromonitor International, the global consumer packaging market is expected to reach $440 billion by 2014. And packaging for food and beverages were the two largest end-use markets in 2009, accounting for nearly 70% of sales.
Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in China, Biopack has earned the "premium brand" label in the biodegradable packaging market in Europe. Distributed under the "Roots Biopack" trademark, Biopack's unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa.
October 19 - Biopack Announces Latin America Distributor
Biopack Environmental Solutions Inc. (OTCBB: BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce it has entered into an agreement with Solupack Sistemas de Embalagens Ltda (“Solupack”) for distribution in Latin America.
The distribution agreement will include the Latin American countries of Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.
With their head office in Sao Paulo, Brazil, Solupack is an established distributor of many types of packaging products and machines throughout Latin America. They will use Biopack’s products to launch into the biodegradable and environmentally friendly packaging market.
Brazil is the world’s largest producer of sugarcane, and its related waste by-product called “Bagasse” which is the source of Biopack’s products, but has few manufacturers of packaging products using this ingredient. Brazil uses most of this waste as an energy source by burning it.
Mauro Kernkraut, a founder of Solupack, said, “Solupack is delighted to have Biopack as our new strategic partner. Biopack’s fully compostable packages represent an exceptional opportunity for us to distribute in Latin America their innovative products which are very much in tune with our philosophy to the conservation of our global environment with better packages. This partnership will strengthen and expand our presence in the region and contribute to our long-term growth objectives.” Biopack Latin America’s new website should be launched by Solupack within the next few weeks.
Gerald Lau, CEO of Biopack says, “We are extremely happy to have Solupack as our new distributor for Latin America. They have very established operations there, and are making a strong commitment to expanding their market with the sale of our products.” He continues, “Given the fact Brazil is the world’s largest producer of sugarcane and Bagasse, it is surprising that their market for Bagasse packaging is relatively underdeveloped. We believe this shows the exceptional quality of Biopacks products around the world. Latin American countries are also a huge source of all the fresh fruits and vegetables exported all year long on a global basis. The packaging needs for these producers are immense, and we look forward to penetrating this market.”
FUTUREWORLD ENERGY INCORPORATED (OTC: FWDG)
Detailed Quote: http://www.otcpicks.com/quotes/FWDG.php
Company Profile: http://www.otcpicks.com/FutureWorld-Energy.htm
FutureWorld Energy, Inc., a Delaware corporation, is a U.S. Diversified Energy Holding Company, listed on the Over the Counter exchange, which was formed to capitalize on the burgeoning markets in renewable and alternative energy technologies globally. FutureWorld Energy, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of renewable and alternative energy technologies globally. Through established relationships with universities, research centers and government agencies, we strive to identify technologies on the leading edge of innovation that would contribute immensely to the global energy needs while protecting the future for our children and theirs.
October 12 - FutureWorld Energy Launches New Branding and Marketing Campaign
Futureworld Energy, Inc. (OTC: FWDG), a global provider of alternative, renewable and clean energy technologies, announced the company has retained the services of Tampa, Florida-based Vivid Infusion to rebrand the FutureWorld Energy image through integrated marketing campaigns and contemporary digital communications solutions.
"FutureWorld Energy is pleased to retain Vivid Infusion to rebrand our organization as we focus on growing the business and becoming the leading alternative energy solutions provider," states Michael Shoaff, COO, FutureWorld Energy, Inc. "We are extremely excited about the future growth opportunities for FutureWorld Energy and will use our rebranding campaigns to educate the public about alternative technology that makes both environmental and economic sense."
Key elements of the FutureWorld rebranding campaigns include a contemporary, informational and interactive website, vibrant new logo and color scheme.
"Vivid Infusion is honored to be chosen for the global rebranding of FutureWorld," said Thomas Nagy, President of Vivid Infusion. "FutureWorld has the right product mix that will set itself apart from the rest. On behalf of our management team, we look forward to proudly developing the FutureWorld brand identity to ultimately be recognized as the leader in secure global utility communications."
TACTICAL AIR DEFENSE SERVICES INCORPORATED (OTCBB: TADF)
Detailed Quote: http://www.otcpicks.com/quotes/TADF.php
Company Profile: http://otcpicks.com/Tactical-Air-Defense.htm
Tac-Air is a privately-held Aerospace/Defense Services contractor founded by a group of former Navy, Marine, and Air Force Weapon's School Instructors, which has won and successfully executed multiple Aerospace/Defense contracts by divisions of the U.S. Department of Defense.
October 13 - Tactical Air Defense Services Receives Financing Commitment for Aircraft Asset Purchase
Tactical Air Defense Services, Inc. (OTCBB: TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, disaster relief services, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has received a $5,000,000 financing commitment from Crown Pacific Advisors, LLC to fund the purchase of military aircraft and related assets.
Pursuant to an asset purchase agreement, Tactical Air Defense Services, Inc. ("TADF") intends to use the $5,000,000 to purchase certain military fighter jets, related parts, and jet engines to capture new tactical aviation service contracts and maintenance service contracts, with both the U.S. Department of Defense and foreign militaries.
TADF management believes that when fully operational and under contract, the aircraft may add between $9,000,000 and $13,500,000 in the aggregate per year to its top-line revenue.
In addition, TADF anticipates that the aircraft, related parts, and jet engines may add approximately $24 million of assets to its balance sheet, as well as provide additional cash-flows to the Company from sales of surplus spare parts and jet engines.
TADF management believes that it may begin to generate cash-flows from contract revenues and asset sales no later than the first quarter of 2011, although it is possible that some of the aircraft will be operational and generating revenue under contract before year-end 2010.
The military aircraft that TADF intends to purchase are cost effective, low-maintenance, and extremely versatile fighter jets that can be used to provide a tactical support role as an air to ground close air support training platform or dissimilar air combat training aircraft , in support of tactical aviation contracts.
Crown Pacific Advisors, LLC is a Merchant Bank specializing in the financing of aviation assets. Crown Pacific Advisors is not a shareholder of TADF.
Alexis C. Korybut, Chief Executive Officer of TADF, stated, "We believe the $5,000,000 financing commitment from Crown Pacific for the purchase of these aircraft and related assets is a watershed event for TADF. The acquisition of these fighter jets will enable TADF to bid on larger and more profitable tactical aviation contracts and aircraft maintenance contracts, and the sale of any surplus spare parts and engines may provide a significant source of income to TADF for years to come, in addition to materially increasing the assets on our balance sheet."
STOCKS TO WATCH
FIRST REGIONAL BANCORP (OTC: FRGB)
"Up 2,263.64% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FRGB.php
First Regional Bancorp is a bank holding company headquartered in Century City. Its subsidiary, First Regional Bank, specializes in providing businesses and professionals with the management expertise of a major bank and the personalized service of an independent.
May 19 - The Rosen Law Firm Announces Filing of Securities Class Action on Behalf of First Regional Bancorp
The Rosen Law Firm announced that a class action lawsuit has been filed on behalf of purchasers of First Regional Bancorp (OTC: FRGB) ("FRB") common stock during the period from January 1, 2007 through January 29, 2010.
The Complaint alleges that First Regional Bancorp and certain of its officers and directors violated federal securities laws by failing to make adequate provisions for loan losses, concealing bad loans, and issuing false financial statements that misrepresented the bank as well-capitalized and successful. The Complaint alleges that defendants manipulated financial information to mask the bank's deteriorating financial condition.
As a result of defendants' alleged fraud, the bank was closed and the FDIC appointed as receiver, causing stockholders to lose the entire value of their investment.
SUNSET ISLAND GROUP INCORPORATED (OTC: SIGO)
"Up 928.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SIGO.php
Sunset Island Group, Inc., a development stage company, operates as a full-service music entertainment company. The company offers recording services, such as record distribution, studio sessions, track mastering, record production, CD/DVD duplication, studio sessions, and multimedia marketing; and consulting services, which include artist management and development, music publishing, music consulting, music submissions, record distribution, and career management. It also offers promotions services, including music, television, mailing, and Web marketing. Sunset Island Group, Inc. distributes its products and services through Internet, retail stores, and wholesalers to professional and amateur musicians. The company was formerly known as Titan Global Entertainment, Inc. and changed its name to Sunset Island Group, Inc in June 2008. Sunset Island Group, Inc. was incorporated in 2005 and is based in Sarasota, Florida.
October 20 - Sunset Island Begins Selling iPhone 4 Solar Charger
Sunset Island Group (OTC: SIGO) announced that it has added the iPhone 4 Solar Wave Charger to its line of solar cell phone chargers. The Solar Wave is a three in one product that charges your cell phone, acts as a backup battery and a protective case all in one.
The Solar Wave, as well as other solar cell phone chargers, will be sold through its wholly owned subsidiary, Sunset Island Solar, www.sunsetislandsolar.com, which had acquired the rights for these products several weeks earlier.
DIAMANT ART CORPORATION (OTCBB: DIAAF)
"Up 33.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DIAAF.php
Diamant Art Corporation, through its wholly owned subsidiary Diamant Film Inc. (www.diamantfilm.com) and Bio-Plastics Film Inc., is the world's first plasticizer-free and the first food wrap film that is environmentally friendly and recyclable. Diamant's Bio-Products contain Totally Degradable Plastic Additive. Unlike other plastic, once biodegrading is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle. Diamant™ Film has recently received the ECO logo certified by the Environmental Choice™ Program. The Environmental Choice™ Program is North America's leading benchmark of environmentally responsible products and services and supplier of bio-degradable additive in North America.
October 19 - Diamant Art Announces T&R Is Swiftly Commencing and Completing Guangbo Group's Key Initial Projects; One of the Country's Top Fortune 500 Companies
Diamant Art Corporation (OTC: DIAAF) (Frankfurt: HGHN), a publicly traded international company that assists businesses in boosting revenues and decreasing expenses through its product management and security solutions, has announced that its wholly owned subsidiary, T&R International has begun to penetrate the Belgium, Spain, and France territories through their business partner in Belgium.
Profit Protection Services has placed a number of orders, and continues to generate demand as exposure continues to grow. The business between the two Companies is evolving into a Strategic Partnership. Together the Companies are positioning themselves for the penetration of a substantial part of the market which is still untapped. Profit Protection Services has the unique advantage of being first representative on the market with T&R's new Technologies and expect to consequently expand their growth potential with new and existing customers.
Profit Protection Services is a leading security technology provider in the Belgium market having already penetrated the Belgium, Spain and France markets with all T&R range of products. They are already currently knowledgeable, trained and experienced with T&R's products, and continue to strengthen the relationship by regularly training the staff on new products, providing distribution and maintenance services to end users.
Profit Protection Services' primary business model includes the providing of retail "Source Tagging" solutions by using RF & AM EAS security or RFID technology. The Company is headquartered in Antwerp, Belgium with several locations in Spain and France. Profit Protection Services covers a sizable market with their activities spanning multiple countries and are considered an industry leader in their field.
DEARBORN BANCORP INCORPORATED (NASDAQ: DEAR)
"Up 21.15% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DEAR.php
Dearborn Bancorp, Inc. is a registered bank holding company. Its sole banking subsidiary is Fidelity Bank. The Bank operates 17 offices in Wayne, Oakland, Macomb and Washtenaw Counties in the State of Michigan. Its common shares trade on the Nasdaq Global Market under the symbol "DEAR."
October 19 - Dearborn Bancorp Reports Third Quarter Profit
Dearborn Bancorp, Inc. (Nasdaq: DEAR), the Holding Company for Fidelity Bank ("Bank"), today reported a net income of $631,000 or $0.08 per fully diluted common share for the three months ended September 30, 2010 compared to a net loss of $40,045,000 or $(5.24) per share for the three months ended September 30, 2009. For the nine months ended September 30, 2010, the Company's net loss was $11,870,000 or $(1.55) compared to a net loss of $55,369,000 or $(7.24) for the same period in 2009. The Company's Shareholders' Equity of $30,154,000 equates to a book value of $3.92 per share compared to the market closing price of $1.79 on September 30, 2010. In accordance with regulatory capital guidelines, the Bank remains "undercapitalized" at September 30, 2010.
At the end of September, the Company's total assets were $916,731,000 representing a decline of 12.1 percent over the preceding 12 months as a result of a strategic contraction of the balance sheet to conserve capital. Total deposits decreased 10.6 percent over the previous year and stood at $809,418,000 when the third quarter ended. Total loans were $760,683,000 on September 30, 2010, 11.8 percent less than they had been on the same date in 2009. Strong emphasis is being placed on collection of the existing loan portfolio and the sale of other real estate owned.
Michael J. Ross, President and Chief Executive Officer of both the Company and the Bank, announced the financial results and commented, "During the third quarter, net charge-offs were $2,243,000 which included gross recoveries of $661,000. The allowance for loan losses now stands at 3.92% of total loans at the end of the quarter. Write-downs of other real estate owned were $960,000, reflecting the pending sale of two spec commercial office buildings. Total non-performing assets were $137,043,000 at September 30, 2010 remaining flat compared to the first and second quarter of 2010."
Ross concluded, "The core operations of the Company continue to produce income to offset the high cost of FDIC insurance and the holding costs of other real estate owned. The level of future unknown charge-offs remains the determining factor as to whether the Company can be profitable in future quarters. Thus, our primary concerns for 2010 and 2011 are the Michigan economy, credit quality, and the stability or improvement of the underlying collateral values in our loan portfolio."
ICOA INCORPORATED (OTC: ICOA)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ICOA.php
ICOA, Inc. is a national provider of wireless and wired broadband Internet networks in high-traffic public locations. ICOA provides design, installation, operation, maintenance and management of WI-FI hot-spot and hot-zone Internet access. Based in Warwick, Rhode Island, ICOA owns or operates broadband access installations in high-traffic locations across 40 states, located in airports, quick-service restaurants, hotels and motels, travel plazas, marinas etc. ICOA networks are compatible with widely-used 802.11x technology and with virtually all Internet service providers.
October 20 - ICOA, Inc. Takes Action to Expand Business and Revenue
* Company Enters Negotiations to Acquire Privately Held Wi-Fi Operator Providing Wi-Fi Services to Multiple Venues
* Company Also in Discussions to Form Joint Venture With Private Wi-Fi Company Specializing in Providing Wi-Fi to Hundreds of Apartment Buildings
ICOA, Inc. (OTC: ICOA), a national Provider of Wireless Broadband Internet Networks and Managed Services in high-traffic locations and a provider of Managed Services to Independent Wi-Fi service providers, today announced that it is moving forward with the actions required to expand its business and increase its revenue as follows:
First, the Company has entered into negotiations to acquire a privately held Wi-Fi Operator that provides Wi-Fi Services to multiple venues. The Companies anticipate announcing a binding Letter of Intent in November and completing the acquisition by December 30th 2010.
Second, the Company is in negotiations to form a Joint Venture (JV) with a privately held Wi-Fi Company that specializes in providing Wi-Fi services to a large number of Multiple Dueling Units. The Companies anticipate announcing a joint Memorandum of Understanding in November and finalize a JV Operating Agreement in December 2010.
Both transactions are very synergistic to ICOA's Wi-Fi operations and will contribute positive revenue, accretive to ICOA's bottom line. Through these opportunities, ICOA and the operating companies expect to see significant benefits from the cost reductions that can be realized.
The partnerships will utilize ICOA's experienced Support and Customer Service Center combined with the award-winning Operating Support System (OSS) "TollBooth™" platform. The intent is to provide strong creative entrepreneurs with the combined advantages of retaining local independence while enjoying the benefits of a publicly listed company.
As stated in our previous press release of 10/13/2010 "ICOA's new acquisition model is based on a share-for-share agreement, usually starting with a minority position in the new partner. Cash is not immediately released; this potentially ensures a higher and more sustainable long-term profit. ICOA's Management says, "We are convinced that our improved strategy will enable us to expand the number of companies in our network and our revenue more rapidly than originally anticipated."
SMOKEFREE INNOTEC INCORPORATED (OTC: SFIO)
"Up 11.52% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SFIO.php
Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing a hi-tech, nicotine delivery cigarette-like device which is completely smoke-free and tobacco-free. Smokefree Innotec’s products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy a smoke-free cigarette anywhere, including places where smoking is prohibited. Further, our products will allow the smoker to enjoy smoking while not having to worry about the dangers and ill effects of regular cigarette smoking.
October 13 - Smokefree Innotec Launches Sales and Distribution in U.S. and Canada
Smokefree Innotec, Inc. (OTC: SFIO) Thomas Schroepfer, President and CEO, announced that the Company has begun its marketing program for sales and distribution in the multi-billion dollar U.S.- Canadian marketplace for its domestically produced non-nicotine product lines.
He stated, "I would like to reiterate that expanding on our success in the development of European and South African product distribution programs producing sales internationally, the Company is now prepared to immediately embark on its long planned program in North America, adapted to introduce its products in selected distribution channels including the internet.
"You may expect to see national advertising and promotions branding the Smokefree Innotec name across the continent to create extensive consumer awareness, enticing retail sales and securing new wholesale contracts for the Company."
George Roth ,CFO, also commented, "We are overdue in staking our claim and planting the Smokefree Innotec flag in the middle of the American multi-billion dollar smokers market, declaring our vision to become the pre-eminent supplier of safe and economical products satisfying smokers demands. Our mission is to achieve that vision with an extensive line of domestically produced high quality nicotine free, smokeless and vapor free products that will work for everyone, appealing to smokers and non-smokers alike."