For Thursday, October 21st
CNOZ, BPAC, FWDG
UITK, DKGR, PDGO, TSTR, AWYI, IFSL
Our Stocks to Watch today include Cono Italiano Inc. (OTCBB: CNOZ), Biopack Environmental Solutions Inc. (OTCBB: BPAC), FutureWorld Energy Inc. (OTC: FWDG), Ultitek Ltd. (OTC: UITK), Drake Gold Resources Inc. (OTC: DKGR), Paradigm Oil & Gas Inc. (OTCBB: PDGO), TerreStar Corp. (Nasdaq: TSTR), Ariel Way Inc. (OTCBB: AWYI) and Ideal Financial Solutions Inc. (OTC: IFSL).
CONO ITALIANO INCORPORATED (OTCBB: CNOZ)
"Up 16.05% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CNOZ.php
Company Profile: http://otcpicks.com/Cono-Italiano.htm
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores.
October 21 - Cono Italiano, Inc. and Carte Blanche Develop Cone Holder and Cooking Device for Pizza Cono for High Speed Efficiency Ovens
Cono Italiano, Inc. (OTCBB: CNOZ), the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono," a one-of-a-kind, drip-free, cone shaped pizza made from proprietary dough, is pleased to announce their alliance with Carte Blanche, a manufacturer of "Crossfilm Cookware" for high efficiency ovens.
Cono Italiano, Inc. and Carte Blanche, the manufacturer of Crossfilm Cookware, have developed a cooking apparatus and cone holder to prepare pizza cones and breakfast cones (egg and cheese) in high speed efficiency ovens. The material used in this process is a Polytetrafluorethylene (PFTE) composite, which is approved by the Food and Drug Administration(FDA) and designed specifically for food contact. Mitchell Brown, CEO of Cono Italiano, Inc., has stated, "The development of this device will be instrumental in the launch of the Pizza cone into the QSRs (Quick Service Restaurants) and Convenience stores. It will allow the consumer to purchase our product at store level using fresh ingredients, at the same time maintaining the integrity of the product a fresh crisp and crunchy dough." Crossfilm Cooking products are capable of being used in temperatures ranging from -100 degrees F (-73 degrees C) to 600 degrees F (316 degrees C),they are grease resistant, non stick and dishwasher safe. Unlike other brands, there is no mechanical reinforcement such as fiberglass in the food zone, eliminating potential food contamination during extended use. As it wears it exposes a new PTFE surface insuring "sustained FDA compliance."
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 21 - Biopack Significantly Increases Manufacturing Efficiency
Biopack Environmental Solutions Inc. (OTCBB: BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce the Jiangmen “Roots Biopark” factory has modified one of its current production machines to achieve significant efficiency increases.
Current machines at the Roots Biopark in China operate on a three step process – a formation step and two heat pressing steps. They operate 5 machines per line. The newly modified machine has eliminated one of the heat press steps. It also features an automatic stacker at the end of the process. The results are significant efficiency increases by:
* Reducing the total cycle time from approximately 60 seconds to 42 seconds, which allows for increased daily production and energy savings
* It saves approximately 45kg of fuel and 115 Joule’s of electricity per day over the current machines
* Requires only one brass mold rather than two, which decreases costs to clients, who pay for the molds
* It requires fewer workers, as previous stacking was done manually.
“The newly modified machine at the Biopark allows for significant increases in efficiency and corresponding cost savings” says Gerald Lau, CEO of Biopack. He continues “the design and changes were made in house and we hope to modify the other machines over time. All other machines produced in the future would also be more efficient, as we strive to enhance and develop our technology, to save both production costs and also be more environmentally friendly.”
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."
STOCKS TO WATCH
ULTITEK LIMITED (OTCBB: UITK)
"Up 300.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UITK.php
Ultitek, Ltd., through its wholly owned subsidiary TAIS, has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.
August 3 - Ultitek Ltd. Discovers Two Untrue and Unauthorized Press Releases
Roman Price Continues to Be Company's Sole Director
Ultitek Ltd. (OTC: UITK) discovered two untrue and unauthorized press releases issued on May 12th and 24th. The press releases, which relate to a supposed telephonic shareholder meeting held on May 21, 2010 at which a temporary board of directors was elected, are blatantly untrue and were issued without the knowledge of or authorization by the Company. No such shareholders' meeting was held and no temporary board was elected.
The Company has issued a Cease & Desist letter to the offending party, demanding that they immediately retract the two offending press releases. The Company and it legal counsel will pursue any and all legal remedies if the offending party does not immediately comply with their demands.
Roman Price, the Company's President and Chief Executive Officer, continues to be the Company's sole director.
DRAKE GOLD RESOURCES (OTC: DKGR)
"Up 87.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DKGR.php
Drake Gold Resources, Inc. is a development stage mining company that focuses on the exploration and production of precious metals. The Company has a distribution agreement for Dove Mining Equipment which has yielded several opportunities for expansion. Announcements will be made as details are made available. For further information about Drake Gold Resources, visit the company website at www.DrakeGold.com or blog at www.drakegold.blogspot.com.
September 24 - Pechala's Reports Releases Report on Drake Gold Resources Inc.
Pechala's Reports, an independent investment research firm with subscribers in 83 different countries, has released a premium research report on Drake Gold Resources, Inc. (OTC: DKGR). To access the report, visit http://bit.ly/aUvBT1.
PARADIGM OIL & GAS INCORPORATED (OTCBB: PDGO)
"Up 38.70% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PDGO.php
Paradigm Oil & Gas Inc. identifies and acquires energy properties with previously discovered known oil and gas reserves that have not either been fully produced from, or fully developed and defined. Utilizing new technologies like the Transportable Enhanced Oil Recovery Platform, Paradigm expects to generate profit from these previously producing wells. The company has acquired properties covering 1,148 acres all located in the State of Texas, USA. Combined there are a total of 23 existing previously producing wells and available spacing to support the drilling of approximately 30 new wells in the 3,800' to 9,000' range and approximately 100 new wells in the 800' to 1,800' range.
October 21 - Paradigm Oil and Gas Inc. (PDGO) Reports Initial Production Results From First Transportable Enhanced Oil Recovery Platform
Paradigm Oil and Gas, Inc. (OTCBB: PDGO) announced that it has successfully deployed its first Transportable Enhanced Oil Recovery (T-EOR) Platform on the company's Chilson A and B properties for its first field use. The company prepared the first 2 of 12 previously producing abandoned wells to receive and test the T-EOR Platform. Once the system entered the property it took approximately 1.5 hours to deploy the platform on each well and recover a total of 10 barrels of Oil from the 2 wells.
"We are very pleased how this system worked for the first time," said Chief Executive Officer Ron Polli, "we expect to improve on the time it takes to deploy the system as we work on the other wells and become more familiar with the system. It appears we are on track to proving out the T-EOR Platform and the assumption that each system could support a 30 barrel a day production which would yield to us an excellent return on investment."
The T-EOR Platform, a new and innovative industry oil production system, is a turnkey integrated and portable oil recovery platform that can be deployed quickly and economically to recover oil from previously producing oil wells with known oil reserves that have not been fully developed. The company has identified over 6,000 abandoned wells in the State of Texas alone that are potential oil producing candidates for the T-EOR Platform.
Initially the T-EOR Platform will produce from the existing wells on a rotating weekly basis to determine their natural flow rate. Wells that warrant a permanent infrastructure will then be equipped accordingly. Once a base line has been established the company plans to implement various enhanced oil recovery techniques, like surfactant chemical treatment that is being recommended from Oil Chem, to improve production output.
TERRESTAR CORPORATION (NASDAQ: TSTR)
"Up 26.41% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TSTR.php
TerreStar Corporation, through its subsidiaries, owns wireless communications businesses in North America. The company, through its subsidiary TerreStar Networks, Inc., plans to build, own, and operate an Internet protocol based integrated satellite and terrestrial communications network to provide mobile communication services in the United States and Canada. Motient, through its another subsidiary, TerreStar Global, Ltd., also plans to build, own, and operate a Pan-European resilient, interoperable two-way communications network to address public protection and disaster relief, as well as provide broadband connectivity in rural regions. The company was founded in 1988. It was formerly known as Motient Corporation and changed its name to TerreStar Corporation in August 2007. The company is headquartered in Reston, Virginia.
October 19 - TerreStar Networks Restructures to Strengthen Financial Position
* Receives Commitments for $75 Million Debtor-in-Possession Financing; Agrees to * Restructuring Support Agreement with Largest Secured Creditor; Maintains Business-as-Usual Operations
TerreStar Corporation (Nasdaq: TSTR) ("TerreStar") announced that its majority-owned subsidiary TerreStar Networks Inc. and certain other affiliates have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code as part of a strategic plan to strengthen their financial position and achieve long-term success in the mobile satellite services market. Through the restructuring, TerreStar Networks hopes to lessen its debt obligations in order to place greater focus on delivering the future of 'always available' mobile communications through its recent launch of the world's first integrated satellite-cellular smartphone.
Jeffrey W. Epstein, president and chief executive officer, TerreStar, said, "After careful consideration of all available alternatives, we determined filing chapter 11 was a necessary and prudent step to strengthen our balance sheet and gain financial flexibility in order to access liquidity and position TerreStar Networks as a stronger, healthier company."
Concurrently with its chapter 11 filing, TerreStar Networks has entered into an agreement with EchoStar Corporation, its largest secured creditor, to provide the Company with a $75 million debtor-in-possession financing facility. TerreStar Networks will use the debtor-in-possession financing to maintain business-as-usual operations during the restructuring process. The Company believes its current and anticipated cash resources will be suitable to pay its expenses and maintain its business operations during chapter 11.
Epstein continued, "As part of this initiative, and as a result of receiving our debtor-in-possession financing facility, we will be able to conduct business-as-usual with customers and partners, and ensure the highest customer service is provided throughout the reorganization."
In addition to the debtor-in-possession financing facility, TerreStar Networks has also entered into a Restructuring Support Agreement with EchoStar Corporation, under which EchoStar has agreed to support a restructuring premised on a debt for equity conversion by the Debtors' secured noteholders, and backstop a $100 million rights offering that will provide the funding for TerreStar Networks' exit from chapter 11. TerreStar Networks believes that the Restructuring Support Agreement will provide the foundation for an expeditious emergence from chapter 11.
Epstein concluded: "The commitment EchoStar has made to support our restructuring will allow us to maximize value for all of our stakeholders and allow us to emerge from chapter 11 on an expedited time frame."
ARIEL WAY INCORPORATED (OTCBB: AWYI)
"Up 25.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AWYI.php
Ariel Way, Inc. operates as a technology and services company for global communications, multimedia, and digital signage solutions and technologies. The company develops and deploys solutions for digital signage and interactive media delivered over a combination of satellite, terrestrial, and wireless local networks. Its digital signage service includes technologies using liquid crystal display television and plasma flat screen displays to promote and advertise products and services. The company was incorporated in 2000 and is headquartered in Washington, District Of Columbia.
August 20 - Ariel Way Comments on 10-QSB Filing
Ariel Way, Inc. (OTCBB: AWYI) recently made the following statement:
“On August 19, 2008, we had prepared for filing our quarterly report 10-QSB for the nine-month period ended June 30, 2008. However, in our final review with our auditors of the report, we decided not to file but to continue to enhance, among others, the reporting related to the statements of cash flows. These statements of cash flows build on the filing from the previous report, and we want to make sure that they properly tie together. On an unaudited proforma basis, the report shows, as expected, good revenues with strong positive net operating income. We believe we are still on target for the financial performance of the Company for the year.
We regret the delay with the filing, but our outside accountants will continue to work diligently with management to complete the enhancements and file at earliest.”
IDEAL FINANCIAL SOLUTIONS (OTC: IFSL)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IFSL.php
Based in Las Vegas, Ideal Financial Solutions provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. As a leader in personal cash flow management systems, Ideal uses its automated CashFlow Management tools and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence.
October 19 - Ideal Financial Solutions Becomes SEC Reporting Company
Ideal Financial Solutions, Inc. (OTC: IFSL), a creator of various financial products and services for businesses and individuals, is pleased to report that its Form 10 registration statement filed with the Securities and Exchange Commission (SEC) became effective on October 18, 2010. As a result of the effectiveness of the Form 10, Ideal Financial Solutions meets the requirements for trading on the Over-the-Counter Bulletin Board (OTCBB) and would expect to begin trading on the OTCBB in the near future.
"We're extremely pleased to officially become a fully reporting company and look forward to trading on the OTCBB," stated Steve Sunyich, President, Ideal Financial Solutions. "It's a tremendous achievement for our team and our shareholders, and we thank everyone who endured the wait. We continue to strive to be as transparent as possible and to report our successes to the market."
Ideal Financial CFO, Ben Larsen added, "After a considerable effort and a few delays, I am very pleased that we have reached this major milestone. We are committed to maintain the momentum by growing our customer base, cutting costs, and improving shareholder value."