Daily Market Movers Digest
For Thursday, August 30th
SPNG, PHBR, MIHI, ZPNW, QMCI, SCOX, SSTR, DOIG,
Our Stocks to Watch today include Spongetech Delivery Systems (OTCBB: SPNG) PhoneBrasil International (OTC: PHBR), Medina International Holdings (OTCBB: MIHI), Zippi Networks Inc. (OTC: ZPNW), QuoteMedia Inc. (OTCBB: QMCI), SCO Group Inc. (NASD: SCOX), Silverstar Holdings (NASD: SSTR), Delta Oil and Gas (OTCBB: DOIG), Atherogenics Inc. (NASD: AGIX), Asia Global Holdings (OTCBB: AAGH), Unico Inc. (OTCBB: UCOI), Nestor Inc. (NASD: NEST), Solar Enertech Corp. (OTCBB: SOENE), Sustainanble Power Corp. (OTC: SSTP), Avant Immunotherapeutics (NASD: AVAN)
SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
Detailed Quote: http://www.otcpicks.com/quotes/SPNG.php
Company Profile: http://www.otcpicks.com/profiles/spng/index.php
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
August 30 - SpongeTech Releases 10KSB, Highlights Include 5.4M Sales Backlog and Rapidly Expanding Sales Growth!
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) is pleased to announce the release of its 10KSB after the market close yesterday. The company’s 10KSB reported the company had a current sales backlog of $5,472,180 which has largely been booked since early Q2 of this year. SpongeTech has recently signed distribution deals with Asian, Mexican and Latin America distributors, and is pursuing other international distribution and sales opportunities. The company is also aggressively growing its domestic sales and distribution channels and ramping up its marketing activities.
Additionally, SpongeTech is pursuing sales and marketing activities to grow its direct online sales through various promotions. The company recently signed an infomercial deal with Incredible Discoveries that is projected by the company to be worth an estimated $18.9M in orders for the next 18months!
SpongeTech has been initially focused on the automotive cleaning products market segment with itsÃ¢€™ Car Care Delivery Systems Products, however, the company is also currently exploring distribution and marketing opportunities for their cleaning products for use as a household/personal cleaning sponge infused with anti-bacterial bath and kitchen soaps. The company is also developing a children's bath foam sponge, with a "safe mesh" coating in the shape of animals, infused with a gentle no-tear, non-irritating anti-bacterial soap! Other future marketing venues for their unique SpongeTech Delivery System technology include medical antibacterial cleaning applications, kitchen, bath and outdoor cleaning products, and various food service products.
SpongeTech Delivery Systems CFO Steven Moskowitz commented, "This has been an incredible year so far for SpongeTech. At the beginning of the year we were starting our transition from a developmental stage company and through the first 8 months of the year have been able to build up a sales backlog of more than $5.4M. Along the way, we have signed many new sales and distribution partners, successfully ramped up our sales and marketing efforts in the automotive cleaning product market segment, and have begun product development and testing of new products for other market segments. In the next twelve months, management intends to take a number of actions that it believes will enable our business to successfully participate in, and rapidly grow our market share in, the estimated $7.6B Cleaning Products Market Segment. We are committed to keeping SpongeTech investors informed on a regular basis about what is going on in the company, and we are excited with the companyÃ¢€™s prospects moving forward.Ã¢€
PHONEBRASIL INTERNATIONAL INC (OTC: PHBR)
Detailed Quote: http://www.otcpicks.com/quotes/PHBR.php
Company Profile: http://www.otcpicks.com/profiles/phbr/index.php
PhoneBrasil International, Inc. (OTC:PHBR) is an American based company specializing in Hybrid VoIP, cellular and Broadband & WIFI Technology in the Latin American market as well as servicing the International Telecommunications Markets. PhoneBrasil supplies four niche markets: wholesale and retail markets; calling cards that utilize their traffic and minutes via PHBR T-1 servers and VoIP boxes. The company offers prepaid VoIP calls & equipment and remains focused on dominating technological aspects like software, billing, supply and cost savings for the new VoIP industry.
August 30 - Investor's Business Daily to Cover PhoneBrasil and the $1.2 Billion Agreement with CityNet Wireless
PhoneBrasil International, Inc. (OTC:PHBR) announced today it will be covered in both the Investor's Business Daily Newspaper (IBD) August 29th & 31st, September 1st & 4th, and in the IBD corporate website.
PhoneBrasil's newest agreement, “PhoneBrasil Announces $1.2 Billion Agreement with CityNet Wireless for First Large Scale Brazil WIFI Platform,” will be covered in the Investor’s Business Daily Newspaper and in the Corporate News Section of the IBD site at http://www.investors.com/corporatenews/.
INTERNATIONAL HOLDINGS (OTCBB: MIHI)
Detailed Quote: http://www.otcpicks.com/quotes/MIHI.php
Company Profile: http://www.otcpicks.com/profiles/mihi/index.php
Medina International Holdings, Inc. (OTCBB: MIHI) is focused on design, production and sales of special purpose equipment for private, state, local and federal agencies. The Company is produces commercial Fire, Rescue and Police boats utilizing the highest design and performance standards. The Company's products combine power, safety, handling and stability with a patented hull designs and equipment features tomake the boats safer, more stable and more effective. The Company’s boats are designed to perform better than any other boats in the market.
With approximately 241,524 miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. Assuming the need for one boat to cover each ten miles of waterway, the market is estimated at 24,152 boats for the United States alone. At $100,000 per boat, this represents a market of $2.4 billion within the United States; this is a large specialty market that the company effectively addresses with its current product offerings.
The Company has a strong and experienced senior management team that has made investors money in the past. Madhava Rao Mankal CFO & Director, has more than 28 years of experience as an executive. From 1999 to he served with Force Protection, Inc. (NASDAQ:FRPT) formerly Sonic Jet Performance, Inc as President/CFO and was a member of their Board until September 30, 2004. Rao was instrumental in arranging the acquisition of assets that drove the value of that company from roughly $1 per share to over $31 in June 2007, commanding a market cap of well over $1 billion. Rao is a Certified Chartered Accountant from India and Cost Accountant from India, and Certified Management Accountant from the USA.
Daniel Medina, President & Director, has extensive experience in every phase of operations including specific strengths in sales, marketing and manufacturing. Danny has been in the Marine products industry since 1985 as owner Lavey Craft Boat Co. from 1985-1992. From 1992- June 1997 he was partner in California Cool Custom Boats and served as the designer and manufacturer of all of their boats. From 1999 to 2001 Mr. Medina served as Director of Sales and Marketing and Production Manager for Sonic Jet Performance, Inc. and successfully increased the company revenue by 50%.
August 29 - Medina International Holdings, Inc. Enters Into Exclusive Department of Defense Distributor Agreement With Kelly Space & Technology, Inc.
Medina International Holdings, Inc. (OTCBB: MIHI) announced Wednesday that it has entered into an agreement on August 22, 2007 with Kelly Space & Technology, Inc., a California Corporation, to be the company's exclusive distributor for watercraft sales to the United States Department of Defense (DOD). The Agreement also provides Kelly Space & Technology, Inc. with a non-exclusive distributorship for other, non-DOD customers, not limited to the boundaries of the United States. The agreement between the company and Kelly Space & Technology, Inc. will be effective for a period of five (5) years from the date of the signed agreement with an option for Kelly Space & Technology, Inc. to renew the agreement for an additional five (5) year period.
Daniel Medina, CEO of Medina International Holdings, Inc., stated, "This is the most significant relationship we have achieved to date for our company. Kelly Space is a DOD contractor with substantial experience and acumen in dealing with Government contracting." He added, "We believe our boats could fill an important niche in the defense market, and by forming a partnership with Kelly Space as our exclusive DOD distributor and sales organization we have the opportunity to penetrate this substantial and important market."
"Kelly Space is very pleased in its association with Medina International Holdings, Inc.," said Michael J. Gallo, President and CEO of Kelly Space & Technology, Inc. "Medina's innovations in the specialty watercraft market open tremendous opportunity for both commercial and government marine operations. We are also excited about the potential to incorporate some of our technologies to create superior, value-added benefits to our customers."
Mr. Medina added, "We will be exhibiting at the Maritime Security Expo 2007, held at the Jacob Javits Convention Center in New York City on November 27th and 28th. This will be an exceptional opportunity to showcase our product and promote our new distribution relationship with Kelly Space. According to the Expo's website, 'The Safe Port Act and other recent legislation guarantees over $5 billion in maritime/port security expenditures over the next five years,' and we intend to aggressively pursue sales into this channel."
About Medina International Holdings, Inc.
Medina International Holdings, Inc. produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company's products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets.
With approximately 241,500 miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. Assuming the need for 1 boat for every 10 miles of waterway, the potential addressable domestic market for Medina's products is $2.4 billion. International demand is even greater than domestic demand, which presents exponential growth opportunities for the company.
ZIPPI NETWORKS INC. (OTC: ZPNW)
Detailed Quote: http://www.otcpicks.com/quotes/ZPNW.php
Company Profile: http://www.otcpicks.com/profiles/zpnw/index.php
Zippi™ Networks, Inc. (OTC: ZPNW), arms a new generation of online sellers with the advanced tools and strategies to free themselves from shrinking profits, unnecessary competition, a dwindling number of unique items to merchandise, and inventory overhead. The industry's first one-call 1-877-GO-ZIPPI pickup-and-sell service, advanced technology and a revolutionary business model (patents pending) allow Zippi to simplify the process so much that anyone can sell online and earn the cash they deserve. At the same time, professional tools - such as the industry's first enterprise-level palmtop device for completely integrated anywhere/anytime online selling - along with a supportive network and infrastructure, simplify the "leap" to becoming a successful online sales entrepreneur.
August 28 - Zippi(TM) Networks Sees 600 Percent Rise in Website Traffic Ranking
Zippi™ Networks, Inc. (OTC: ZPNW), the innovative force empowering a new generation of online sellers, recently announced a 600 percent increase in the number of Internet users around the world who visited http://www.zippi.com over the last three months. Zippi Networks’ public launch occurred in June, which included introduction of the company’s eye-catching and useful new website.
According to global Internet traffic monitor Alexa.com, the influx of visitors to the Zippi website has boosted it to a ranking of 628,061 in the world. Alexa also rated site performance as “Very Fast” with 86 percent of worldwide web sites ranked as slower.
“It’s crucial, with Zippi’s transition from development to revenue mode, that word-of-mouth, advertising, public relations, marketing drive consumers and potential online entrepreneurs to our very compelling and useful website,” said Zippi Networks President Dean Rositano, “Such a significant ramping of traffic is a very encouraging sign visitors are taking interest in the opportunity to build a home based business of their own, using Zippi’s unprecedented 1-877-GO-ZIPPI one-call pickup service, and the benefits and advanced tools that are part of becoming a commission-based Zippi Affiliate.”
QUOTEMEDIA INC (OTCBB: QMCI)
Detailed Quote: http://www.otcpicks.com/quotes/QMCI.php
Company Profile: http://www.otcpicks.com/profiles/qmci/index.php
QuoteMedia, Inc. (OTCBB:QMCI) is a leading software developer and syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, NASDAQ Level 2, TSX/TSXV market depth, LSE Level 1 and Level 2, SEC filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, please visit: www.quotemedia.com.
August 29 - QuoteMedia Wins Contract to Provide Market Data To Destination Television Networks
QuoteMedia, Inc. (OTCBB:QMCI), a leading provider of market data, corporate research information and financial applications, recently announced an agreement to provide stock market data and research information to Destination Television, Inc. (OTCBB: DSTV). Through its national network affiliations' partners such as Frontier Airlines, GETv, Hollywood Video and Movie Gallery, Destination Television reaches millions of potential viewers every month and also operates its own networks including Bar TV™, Gym TV™ and Hotel TV™. The agreement will allow a significant new audience to view Quotestream's data at the new locations each month.
"We are excited about our agreement with QuoteMedia and look forward to providing their premier stock information service in our relevant high-traffic out-of-home locations," said President and CEO Gordon Scott Venters.
In addition, Destination Television, www.destinationtelevision.com, is a core provider of entertainment content for out-of-home media. The Company was one of the early adopters utilizing first-run Hollywood blockbuster movie trailers, new music videos and informative content, together with dynamic digital advertisements, creating its unique brand of "Advertainment".
"We are very pleased that Destination Television chose QuoteMedia to provide financial information for its programming," said Dave Shworan, CEO of QuoteMedia. "It's a wonderful opportunity to introduce a large audience to our company and its products."
STOCKS TO WATCH
SCO GROUP INC (NASD: SCOX)
Detailed Quote: http://www.otcpicks.com/quotes/SCOX.php
The SCO Group (Nasdaq: SCOX) is a leading provider of UNIX software technology and mobile services. SCO offers UnixWare for enterprise applications and SCO OpenServer for small to medium businesses. The SCO Mobile product line focuses on creating mobile platforms, services and solutions for businesses and enhances the productivity of mobile workers. SCO's highly innovative and reliable solutions help customers grow their businesses everyday, especially into the emerging mobile market. SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to Unix-based system software providers.
August 30 - Sberbank (Savings Bank Of The Russian Federation) Chooses SCO's OpenServer 6 to Upgrade Thousands of Servers
The SCO Group, Inc. ('SCO') (Nasdaq: SCOX), a leading provider of UNIX(R) software technology and mobile services, today announced that Business Console, a SCO Premier Partner, has been selected by Sberbank (Savings Bank of the Russian Federation) to upgrade more than three thousand branch offices to SCO's OpenServer 6 UNIX operating system. It is expected that the rollout upgrade will expand beyond the initial three thousand branch offices.
'Business Console is proud that we have been chosen as a long-term supplier of SCO software by Sberbank. It is a great conclusion to a project that started more than two years ago when SCO OpenServer 6 was released and presented by SCO to its partners and customers in Russia including Sberbank. OpenServer 6 advantages over OpenServer 5 are three-fold: it roughly doubles the performance of real-life bank applications on the same hardware, it's well-supported by leading server manufacturers and it saves money due to its more attractive pricing. Another important issue for a customer like Sberbank with its huge installation base is smooth migration,' said Anatoly Belychook, president of Business Console. 'As a SCO Premier Partner, we enjoy tight cooperation with the SCO team which is the key to prompt resolution of any customer issues. Solid local competence plus best in the industry online support services makes a customer confident about SCO as a platform of choice for backbone business applications,' said Belychook.
Sberbank (Savings Bank of the Russian Federation) is the leader of the Russian banking industry, accounting for over a quarter of national banking assets and remains the largest bank in Russia and Central and Eastern Europe in terms of Tier I capital and assets.
'We are pleased that one of the largest banks in the world has decided to deploy SCO Open Server Release 6 to their branch offices. The increased performance that Open Server 6 brings together with its high compatibility has made this the best choice for modernizing the existing IT branch infrastructure,' said Hans Bayer, vice president, worldwide sales for The SCO Group.
'SCO OpenServer is known for reliably running small-to-medium businesses and branch offices of companies throughout the world,' said Darl McBride, president and CEO, The SCO Group. 'We are pleased that Sberbank has chosen SCO OpenServer 6 to upgrade their branch offices throughout the country. OpenServer 6 will provide them with unparalleled reliability and security for their customers.'
SILVERSTAR HOLDINGS (NASD: SSTR)
Detailed Quote: http://www.otcpicks.com/quotes/SSTR.php
Silverstar Holdings Ltd. (Nasdaq: SSTR) is an international publisher and developer of interactive entertainment software. It currently owns Empire Interactive, PLC and Strategy First, Inc. Empire Interactive (www.empireinteractive.com) is a leading developer and publisher of interactive entertainment software games, including Starsky & Hutch, Big Mutha Truckers, Ford Racing and FlatOut. Empire's products are delivered on both console and PC platforms. Strategy First (www.strategyfirst.com) is a developer and worldwide publisher of entertainment software for the PC. For more information about Silverstar Holdings visit www.silverstarholdings.com
August 30 - Silverstar Holdings to Present At the Roth Capital Partners New York Stock Conference
Silverstar Holdings Ltd. (Nasdaq:SSTR), a leading international publisher and developer of interactive entertainment software, reported today the company has been invited to present at the annual Roth Capital Partners New York Stock Conference to be held on September 5 and 6, 2007 at the Westin New York at Times Square.
Roth Capital Partners Stock Conferences are one of the largest in the nation for micro and small-cap companies in technology, healthcare, financial services and consumer products sectors. More than 1,000 institutional investors are expected to attend.
Silverstar's CEO Clive Kabatznik and Joe Abrams, chairman of Empire Interactive, are scheduled to present on Wednesday, September 5 at 1:30 P.M. Eastern Time. A simultaneous Webcast will be available at http://www.wsw.com/webcast/roth13/sstr.
Management will discuss the contribution and progress made by leading game producer, Empire Interactive, since it was acquired by Silverstar in late 2006. Empire's FlatOut Ultimate Carnage for the Xbox 360 has been at the top of the charts, which will soon be followed by more high-profile release like Jackass, Hello Kitty, Pipe Dreams, Disciples III and Ford Off Road Racing. Management will outline how the unique strengths of the company's European distribution channels and new North American sales force will monetize the value of its large back catalog and support the release of more than 50 new titles over the next 12 months.
Silverstar recently reported it expects to exceed management's guidance on EBITDA for the fourth quarter ended June 30, 2007. EBITDA is estimated to range between $4.0 million and $4.4 million for the quarter, or between $0.40 and $0.44 per diluted share, as compared to a negative EBITDA of $1.8 million or ($0.19) per diluted share in the year ago quarter. This compares to previously issued fourth quarter EBITDA guidance of between $2.5 million and $3.8 million.
The company expects revenues for the fourth quarter to range between $11.5 million to $11.9 million, as compared to $467,000 in the fourth quarter of 2006. This falls within the range of previous guidance of $10.5 million to $12.5 million.
Operating income is expected between $1.6 million and $1.9 million, or $0.15 to $0.18 per diluted share, as compared to a year-ago fourth quarter loss from continuing operations of $2.4 million or $(0.25) per share. This is near or exceeds the higher end of the company's earlier guidance for operating income of $0.4 million to $1.7 million.
Per share calculations of the fourth quarter's results are based on an estimated 10.4 million diluted shares. These preliminary results and estimates are subject to a final audit and filing of its annual report in Form 10-K. Company management plans to hold a conference call in late September to discuss the complete fourth quarter and full year results, as well as its outlook for fiscal 2008.
DELTA OIL AND GAS (OTCBB: DOIG)
Detailed Quote: http://www.otcpicks.com/quotes/DOIG.php
Delta Oil and Gas, Inc. (OTCBB: DOIG) is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area, its interest in the Strachan Prospect, its interest in its Mississippi prospect, its interest in a horizontal drilling program in Saskatchewan and its interests in Oklahoma. Delta Oil & Gas is seeking to expand its portfolio to include additional interests in Canada and the USA.
August 29 - Delta Oil and Gas Reports Its Cash Flow Positive From Operations During First Two Quarters of 2007
Delta Oil and Gas, Inc. (OTCBB: DOIG) is pleased to report that it has generated positive cash flow from operating activities in its first two quarters of 2007 and expects this to continue. Natural gas and/or oil production continues from twelve wells and several additional wells are expected to be tied into production lines very shortly. Drilling also continues at our Mississippi and Oklahoma prospects and we are anticipating that approximately 9 additional wells are expected to be drilled by the end of the year.
The company has no debt and approximately $1,000,000 cash on hand. This cash, along with revenues from production, is expected to be used to fund drilling operations for the next 12 months. We are currently seeking out new drilling prospects across North America. Delta is pleased with the transition its made from one of a highly prospective development stage resource company to one with no debt, cash in the bank, positive cash flow from operating activities and the ability and goal to expand its portfolio of properties in the coming months.
ATHEROGENICS INC (NASD: AGIX)
Detailed Quote: http://www.otcpicks.com/quotes/AGIX.php
AtheroGenics, Inc. (NASDAQ: AGIX) is focused on the discovery, development and commercialization of novel drugs for the treatment of chronic inflammatory diseases, including diabetes and coronary heart disease (atherosclerosis). The Company's lead compound, AGI-1067, is being studied in a Phase III clinical trial called ANDES (AGI-1067 as a Novel Anti-Diabetic Agent Evaluation Study) as an oral therapy for the treatment of diabetes. In addition, the Company has a development program studying AGI-1096, an oral agent in Phase I that is being developed for the prevention of organ transplant rejection in collaboration with Astellas. For more information about AtheroGenics, please visit http://www.atherogenics.com.
August 29 - New Data on AtheroGenics AGI-1067 Accepted for Presentation at the European Society of Cardiology Congress 2007
AtheroGenics, Inc. (NASDAQ: AGIX), a pharmaceutical company focused on the treatment of chronic inflammatory diseases, recently announced that new scientific data of its oral antidiabetic agent AGI-1067 has been accepted for an oral presentation in a Hotline & Clinical Update session at the upcoming European Society of Cardiology (ESC) Congress 2007 in Vienna, Austria.
The presentation is titled, "The effect of the novel anti-oxidant AGI-1067 (succinobucol) on glycemic control, new onset diabetes and clinical events in patients with a recent acute coronary syndrome: the Aggressive Reduction of Inflammation Stops Events study (ARISE)." It will be presented on Wednesday, September 5, 2007, by Marc Pfeffer, M.D., Ph.D., Dzau Professor of Medicine, Harvard Medical School; Senior Physician in Cardiology at Brigham and Women's Hospital and co-principal investigator of the ARISE clinical trial.
ASIA GLOBAL HOLDINGS (OTCBB: AAGH)
Detailed Quote: http://www.otcpicks.com/quotes/AAGH.php
Asia Global Holdings Corporation (OTCBB: AAGH) has a strong focus on building business in China and other emerging regions and markets in Asia and Worldwide. The company's present subsidiaries participate in media & advertising, marketing services and TV entertainment. The Company has offices in the US, Hong Kong and China.
August 29 - Asia Global Holdings Corporation Subsidiary China Media Power (CMP) to Begin Producing 'Who Wants To Be A Millionaire?' Episodes for China TV Market With Live Studio Audience on September 1 at Newly Upgraded Studio in GuangZhou.
Asia Global Holdings Corporation (OTCBB: AAGH) Subsidiary China Media Power (CMP) will begin producing episodes of 'Who Wants To Be A Millionaire?' for the China TV market beginning September 1.
Having completed successful pilot versions of the TV quiz show phenomenon and a series of upgrades of its studio facilities in GuangZhou China, CMP has issued the production go-ahead for episodes of 'Who Wants To Be A Millionaire?' for the China TV market.
On August 22 CMP and its China advertising agency ZixunMedia entered into an agreement with satellite channel GuiZhou TV (GZTV1) to broadcast the Chinese version of 'Who Wants To Be A Millionaire?' in China. The GZTV1 broadcasts will give 517 million home TV viewers in China access to the globally successful hit TV show. In 2006 GZTV was rated 9th overall amongst all China TV broadcasters.
CMP, a 60% owned subsidiary of Asia Global Holdings Corp, will produce a minimum of 104 episodes of 'Who Wants to Be A Millionaire?' for broadcast nationwide in China.
UNICO INC (OTCBB: UCOI)
Detailed Quote: http://www.otcpicks.com/quotes/UCOI.php
Unico, Inc. (OTCBB: UCOI) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has also announced agreements to acquire over 70 additional mining claims. Recently, Unico announced that its wholly owned Deer Trail Mining Company subsidiary had completed the purchase of the Deer Trail Mine from Crown Mines, LLC. For more information, please visit www.unicomining.com.
August 30 - Unico, Inc. Announces Photo Gallery Showing Additional Progress of Electrical Work and Reconstruction at the Mill and Processing Facility at the Deer Trail Mine
Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced the addition of a new photo gallery on the company's corporate website, www.unicomining.com, showing recent progress of electrical and reconstruction work at the mill and processing facility at the Deer Trail Mine in Marysville, Utah.
The new photo gallery showing the reconstruction and electrical work has been added to the "Media" section of the Unico website at www.unicomining.com./news/othermedia.php.
The electrical work has paved the way for the completion of the interconnection between the existing Rocky Mountain Power substation and the new substation at the Deer Trail Mine that will supply power to the site.
In the gallery, there are several photographs of fencing for the new substation that has been delivered to the site and installed. Two 10-foot gates have also been installed to allow access to the station and the gates are pictured in the gallery. With all of the components for the substation installed, including the main transformer, metering cabinet, main switchgear, main fused switch, electrical lines and support poles, the substation is ready for the interconnection with the existing substation. The interconnection is expected within the next several days.
The new substation will supply the 1.5 megawatts of power required to operate the mill and processing facility at the Deer Trail Mine and an additional 1 megawatt of excess power capacity available for future upgrades to the system, including power for mining activities at the Deer Trail property and other Unico claims in the area.
The gallery shows that the concrete for the secondary substation pad has been poured. The main components for the secondary substation, including two smaller transformers, an electrical panel that will house the 800 amp disconnect switches, and one of the disconnect switches that will isolate power supplies to the two main mill buildings from each other, have been delivered to the site. The remaining components have been ordered and delivery is expected in the near future. Fencing and a gate for the secondary substation are onsite and will be installed after all of the components are installed on the pad.
The thickener in the new mill building, which will primarily be used to thicken tailings, has been successfully water tested and is ready for use. The new photo gallery shows several pictures of the successful thickener water test.
Also in the new mill building, the vacuum pumps used for the Eimco filter have now been installed, as have the filter sectors and the filtrate tanks that will be used to collect the water that passes through the filter sectors from the mill tailings and floatation concentrate. The filtrate tanks being prepared for installation are also pictured in the new gallery.
"With the work to complete the main electrical substation that will supply abundant and cost-effective power to the Deer Trail Mine essentially complete, and the remaining work on the secondary substation underway, we look forward to the upcoming interconnection with the Rocky Mountain Power substation at the site," stated Mark A. Lopez, chief executive officer of Unico, Inc. "The new gallery shows the recent work on the electrical system, and we will provide continued updates on the interconnection and remaining wiring that will allow the substation to deliver electrical power to the mill facility. Also in the gallery are photographs showing the successful leak testing of the thickener, which is now ready to be used in the processing operations."
NESTOR INC (NASD: NEST)
Detailed Quote: http://www.otcpicks.com/quotes/NEST.php
Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. Our CrossingGuard® red light enforcement system uses patented multiple, time-synchronized videos to capture comprehensive evidence of red light and speed violations. In addition, CrossingGuard® offers customers a unique Collision Avoidance(TM) safety feature that can help prevent intersection collisions. We also offer a new video-based ViDAR(TM) speed detection and imaging system which uses non-detectable, passive video detection and enforces multiple, simultaneous violations bi-directionally. Nestor Traffic Systems is a distributor for the Vitronic PoliScanSpeed(TM) scanning LiDAR, capable of tracking multiple vehicles in multiple lanes simultaneously. CrossingGuard® and ViDAR(TM) are registered trademarks of Nestor Traffic Systems, Inc. PoliScanSpeed(TM) is a trademark of Vitronic. For more information, call (401) 274-5658 or visit www.nestor.com.
August 28 - Nestor, Inc. Approves New Member of the Board of Directors
Nestor, Inc. (NASDAQ: NEST), a leading provider of video-based traffic safety systems and services, announced today that former U.S. Representative Harold E. Ford, Sr. was elected by the Nestor, Inc. Board of Directors to fill a vacancy on the Board created by the November 1, 2006 resignation of Dr. Albert H. Cox, Jr. Congressman Ford will serve as a member of the Board until the Company's next annual meeting of its shareholders scheduled for December 12, 2007.
Congressman Ford, 62, spent much of his career in public service. Ford was first elected to the Tennessee House of Representatives in 1970 where he served 2 terms. From 1975-1997 Mr. Ford represented the Tennessee 8th District then, after redistricting, the Tennessee 9th District in the U.S. House of Representatives. Mr. Ford's distinguished service includes serving on the U.S. House Select Committee on Assassinations that investigated the death of Martin Luther King, Jr.
Ford received his Bachelor's Degree from Tennessee State University in 1967, a mortuary science degree from John A Gupton College in 1969 and his MBA from Howard University in 1982.
Mr. George Ball, the Chairman of Nestor's Board, stated: "We are delighted to have Congressman Ford join us. Congressman Ford's dedication to public service enhances Nestor's commitment to making our communities a safer place to travel."
Clarence A. Davis, Nestor's Chief Executive officer and a Director, said: "It is an honor to serve on a Board with such a distinguished gentleman and to lead a Company that attracts Board members such as Congressman Ford who have dedicated their lives to serving our country."
SOLAR ENERTECH CORP (OTCBB: SOENE)
Detailed Quote: http://www.otcpicks.com/quotes/SOENE.php
Solar EnerTech Corp. (OTCBB: SOENE) solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 42,000-square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park with another 20,000 square foot facility planned to come online in Q4 of 2007. Currently, the facility is capable of producing 25Mw of solar cells from its existing production line and another 25Mw from its first expansion lines. Solar EnerTech has also established a Joint R&D Lab at Shanghai University to research and develop higher efficiency cells and to put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company expects its R&D program to help bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
August 30 - Solar EnerTech Provides Clarification Regarding Trading Symbol Change
Solar EnerTech Corp. (OTCBB: SOENE) (formerly OTCBB: SOEN) (the "Company") wishes to clarify recent events regarding the fact that an "E" has been temporarily added to the Company's stock trading symbol on the OTC Bulletin Board market. This comes as the result of a delay in the filing of its Form 10Q-SB for the quarterly period ended June 30, 2007 and is implemented by the OTCBB so as to advise the public that the company is not current in its quarterly reporting requirements.
This delay in filing is the result of a review of prior transactions which has identified an incorrect historical accounting of certain stock based compensation and derivative financial instruments. Management is in the process of reviewing these transactions and will require a limited period of time to amend the Company's previously filed annual and quarterly reports and in order to submit its Form 10Q-SB for the quarterly period ended June 30, 2007 with the SEC.
In order to ensure the review is achieved in good order within the parameters of U.S. GAAP and SEC reporting requirements, our recently hired Chief Financial Officer, Anthea Chung, and her team are currently devoting their efforts principally on ensuring the Company is fully compliant as quickly as possible.
SUSTAINABLE POWER CORP (OTC: SSTP)
Detailed Quote: http://www.otcpicks.com/quotes/SSTP.php
Sustainable Power Corp. (OTC: SSTP) is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information please visit www.sustainablepower.com.
August 28 - Sustainable Power Corp. to Market Breakthrough Biogasoline BG100, Marine Fuel and E85 Flex Fuel
Sustainable Power Corp. (OTC: SSTP) recently announced it will begin to market an exclusive breakthrough biogasoline (BG100) made from 100% cellulosic bio-mass, and a replacement for gasoline in E85 flex fuel, as well as marine fuel.
In a letter received from Neil Boone, Vice President of Special Projects at Amspec Services, LLC; Mr. Boone details his inspection and personal findings at the Natchez, MS facility. A copy of the letter can be obtained here: (AmSpec Letter).
Mr. Boone stated, "We used samples obtained from our visit to Natchez. Maintaining a full chain of custody, we returned to our lab in Houston and made biogasoline (BG100), marine fuel, and a replacement for gasoline in E85 flex fuel."
Keith Mazer, President, stated, "This is the first time in our company's history that we have had not only our process validated but also our end products proven by a world renowned laboratory. We are elated over the developments that allow Sustainable Power to begin to sell an additional suite of new fuels including our revolutionary new biogasoline (BG100). We are working very closely with AmSpec Services, LLC to complete various further analysis on additional fuels."
AVANT IMMUNOTHERAPEUTICS (NASD: AVAN)
Detailed Quote: http://www.otcpicks.com/quotes/AVAN.php
August 30 - AVANT Receives Approval to Transfer Securities to the NASDAQ Capital Market
AVANT Immunotherapeutics, Inc. (Nasdaq: AVAN) announced today that on August 29, 2007 it received a letter from The NASDAQ Stock Market stating that AVANT was approved to list its common stock on The NASDAQ Capital Market. AVANT's common stock will be transferred to The NASDAQ Capital Market from The NASDAQ Global Market at the opening of business on August 31, 2007.
Under The NASDAQ Capital Market, AVANT will continue to have until January 2, 2008 to regain compliance with NASDAQ Marketplace Rule 4450(a)(5) (the "Minimum Bid Price Rule") in accordance with Marketplace Rule 4450(e)(2). To regain compliance with the Minimum Bid Price Rule, the closing bid price of AVANT's common stock must remain at $1.00 per share or more for a minimum of ten consecutive business days. AVANT will seek to regain compliance with the Minimum Bid Price Rule by January 2, 2008 and is considering alternatives to address compliance with the continued listing standards of The NASDAQ Stock Market.