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MDMC
EVCA, IFON, BCND, ECDC, MCLNE, SBON
Our Stocks to Watch today include Marine Drive Mobile Corp. (OTCBB: MDMC), EVCARCO Inc. (OTCBB: EVCA), InfoSonics Corp. (NASDAQ: IFON), Beacon Redevelopment Industrial Corp. (OTC: BCND), East Coast Diversified Corp. (OTCBB: ECDC), MedClean Technologies Inc. (OTCBB: MCLNE) and Siboney Corporation (OTC: SBON).
FEATURED COMPANY
MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC)
"Up 2.70% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MDMC.php
Company Profile: http://bit.ly/IOQW9u
Marine Drive Mobile Corp. engages in the development of transactional mobile commerce applications and services. The company’s technology platform matches merchants and consumers with the right products and services at the right time through electronic coupons. Its principal product includes eTeeoff.com, an e-couponing Website for golf industry merchants to create deals and offer their own electronic coupons. The company was formerly known as Sona Resources, Inc. and changed its name to Marine Drive Mobile Corp. in July 2011. Marine Drive Mobile Corp. was founded in 2007 and is headquartered in San Francisco, California.
MDMC News:
May 2 - Marine Drive Mobile Signs its First JV Agreement with TapIn Solutions, Unleashing an Immediate Sales Channel and New Revenue Stream
Marine Drive Mobile Corp. (OTCBB: MDMC) ("Marine Drive Mobile" or the "Company") announced that the Company has signed a Joint Venture agreement with TapIn Solutions, LLC that will introduce an immediate sales channel to reach golf courses and other businesses for our flagship product eTeeoff.com.
eTeeoff.com is a relatively new online platform targeted to serve the golf industry. With eTeeoff.com advancing to become the leader in offering golf courses the natural ability to offer deals and strategic marketing solutions to their clients, TapIn Solutions paves the road to strategically catapult eTeeoff.com to the next level.
The joint venture agreement with TapIn Solutions is to make our software available to their merchants across the country. This four-year old company, TapIn, is the golf industry's fastest growing online services company specializing in web development and online marketing solutions. Through its various partners, TapIn has access to over 3,400 golf courses and 450 golf product distributors across the country.
As part of the agreement with TapIn we are initially launching with approximately 150 golf courses throughout the U.S., and we are expected to be up and running in June 2012. This is the first phase of this integration, with ultimately integrating into TapIn's entire network.
Colin MacDonald, President and CEO of Marine Drive Mobile stated, "TapIn was one company that we were introduced to at the PGA Merchandise Show in January of this year. Our two companies together, offer such synergies, that we created a win-win venture. We recognized that TapIn would give us a significant edge in procuring a solid merchant base for our flagship product, eteeoff.com and thus rapidly advance our revenue stream timeline."
Reed Thompson, President and CEO of TapIn Solutions, LLC commented, "We are very excited to be working with the eTeeoff.com platform and Marine Drive's technical team. We love their technology; as it introduces an online gateway for our golf merchants to offer substantial deals to their customers. Marine Drive's technology platform opens new doors for our clients and adds a critical link to be competitive in today's golf market. This opportunity basically allows our golf customers to be in the drivers seat, in other words, they will have full control over their marketing needs by using eTeeoff.com's Deal Management System."
ABOUT TAPIN SOLUTIONS, LLC.
TapIn Solutions provides the most comprehensive online, on-demand sales and marketing solutions available exclusively for the Golf Industry. TapIn begins with a truly unique website design, and along with 17 unique modules in its Content Management System (CMS) give their golf customers a distinct advantage over their competition, and this endears TapIn to its customer base. Golf Course operators also look to TapIn for detailed marketing plans, email marketing advice, and overall business & marketing expertise.
EVCARCO INCORPORATED (OTC: EVCA)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EVCA.php
EVCARCO, Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufactures. EVCARCO — Future Driven®
EVCA News:
No recent news for EVCARCO Inc. (OTCBB: EVCA).
INFOSONICS CORPORATION (NASDAQ: IFON)
"Up 8.80% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IFON.php
InfoSonics is a provider of wireless handsets and related products to OEMs, carriers and distributors in Latin America, Europe, Africa and Asia Pacific. The Company designs, develops, manufactures, markets, sells and provides after-sales support for its own proprietary line of products under the verykool® and other private label brands.
IFON News:
May 3 - InfoSonics Reports First Quarter 2012 Results
Profitability and Record Sales of verykool® Products
InfoSonics Corporation (NASDAQ: IFON), a provider of wireless handset solutions serving Latin America, Europe, Africa and Asia Pacific, today announced results for its first quarter ended March 31, 2012.
"We are extremely pleased to report a profitable quarter driven by a fourth consecutive quarter of record sales of our verykool® products," said Joseph Ram, president and CEO of InfoSonics. "Sales of verykool® products in the first quarter of 2012 more than tripled in comparison to the same quarter of the prior year. This reflects a doubling of sales to customers in Latin America compared to the prior year, as well as a significant incremental contribution from sales of private label OEM products to customers in Europe, Africa and Asia."
Commenting further on the results, Mr. Ram noted, "The strong growth of our verykool® business in relation to the expected decline of our low-margin distribution business resulted in a very favorable product mix. The large majority of our 2012 first quarter revenue was derived from sales of verykool® products compared to a minority in the same quarter of the prior year. As a consequence, our gross profit margin more than doubled from the prior year, rising from 8.6% to 18.3%, which drove us to profitability for the quarter. We are also pleased with many other positive financial metrics for the quarter including a 23% sequential quarterly increase in cash, a 15% sequential decrease in days sales outstanding in receivables and a 21% sequential increase in inventory turns. And, we continue to be debt free. We are optimistic about the rest of 2012 as our development team is working on many new models that we expect to deliver in the coming quarters, and we hope to be able to continue improving the visibility and acceptance of the verykool® brand in the marketplace in both our existing markets and new markets we are exploring."
InfoSonics reported net sales for the first quarter of 2012 of $12.4 million, which represents a 30% increase over $9.5 million for the first quarter of 2011. Gross profit in the first quarter of 2012 was $2.3 million, a 178% increase over $812,000 in the 2011 first quarter. Operating expenses in the first quarter of 2012 were $2.1 million, an increase of 16% compared to $1.8 million in the 2011 first quarter. This reflects an 11% increase in sales and marketing expenses primarily attributable to increases in personnel, commissions on higher sales volume and expenses related to new product launches. In addition, R&D expenses rose by 40% as we expanded our development team and introduced more new models. Net income for the first quarter of 2012 was $105,000, or $0.01 per share, compared to a net loss of $894,000, or $0.06 per share, in the first quarter of 2011.
At March 31, 2012, the company had $15.3 million in cash, restricted cash and cash equivalents, $18.9 million of net working capital and no outstanding indebtedness.
BEACON REDEVELOPMENT INDUSTRIAL CORP. (OTC: BCND)
"Up 33.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BCND.php
Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices. The properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential. The company also seeks, along with the above formentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's Web site at www.beaconredevelopment.com for all the latest information and updates.
BCND News:
May 1 - Beacon Redevelopment Industrial Corporation Updates Shareholders as to Administrative Progress
Beacon Redevelopment Industrial Corporation (OTC: BCND) is advising the public and its shareholders of the current administrative progress previously announced.
BCND submitted Company required information to the Depository Trust & Clearing Corporation (DTCC) so that they may update their files.
The Company also submitted all required information to OTC Markets, Inc. for the purpose of publishing current financial statements and disclosures per their requirements.
Finally, management retained an accountant who will diligently oversee all requirements regarding current financial statements and other filings.
BCND is reviewing the quickest way to demolish and rehabilitate its Westmoreland Glass Factory property in Grapeville, Pennsylvania. The factory remains under the ownership of BCND's subsidiary, Beacon Pennsylvania Holdings. The Company's first order of business after completion of all outstanding administrative issues is to move forward with deconstructing the factory and the salvage of all valuable recyclable materials.
While prior management had a plan in place, they were unable to accomplish their goals because of distractions that impeded the program. "I will be personally mobilizing a team for this job so that we can enhance shareholder value, generate Corporate profits, and achieve real results," said Frank Castellano, President of Beacon Redevelopment.
EAST COAST DIVERSIFIED CORPORATION (OTCBB: ECDC)
"Up 9.09% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ECDC.php
East Coast Diversified Corp. operates through its subsidiary, EarthSearch Communications, Inc. East Coast Diversified Corp. offers a portfolio of GPS devices, RFID interrogators, integrated GPS/RFID technologies and Tag designs. The company was founded in 2010 and is based in Atlanta, Georgia.
ECDC News:
April 23 - Ironridge Technology Enters into $2.5 Million in Equity Financings with East Coast Diversified Corporation
Ironridge to convert Series B Preferred shares at 285% of current PPS
East Coast Diversified Corporation (OTCBB: ECDC) announces that it has entered into two equity financings with Ironridge Technology Co., an institutional investor financing small cap public companies in the technology sector, for an aggregate of more than $2.5 million.
The Company settled over $1 million in accounts payable, which Ironridge had acquired from various creditors of the company, in exchange for shares of common stock. The transaction thereby substantially reduced the Company's liabilities, including its outstanding accounts payable balance.
According to Kayode Aladesuyi, CEO ECDC, "This funding will help us continue the momentum we are experiencing with our businesses and manage growth more effectively, 45% of the payable funding is related to manufactured inventory that will help us accelerate sales and revenue especially with our StudentConnect business which require significant investment in equipments to be deployed to school districts."
East Coast Diversified also entered into a definitive Stock Purchase Agreement with Ironridge to purchase $1.5 million in redeemable, convertible Series B Preferred Stock, which is convertible into common stock of the Company. Ironridge received no warrants. There are few restrictive covenants and no amortization provisions in the agreement. The transaction is subject to customary equity and closing conditions.
Under the Series B Stock Purchase Agreement, Ironridge has agreed to convert the shares at more than 285% of the current market price. "Ironridge is demonstrating confidence in our business plan and the direction of the operation, its decision and agreement to convert at a significantly higher PPS than current market price is indicative of this, but more importantly, is that we can now accelerate the development of our social media division 'WetWinds' and other projects we are working on."
Consistent with its long-only investment mandate, Ironridge represented that it has never shorted the Company's stock, does not hold any short position, and will not engage in or affect, directly or indirectly, any short sale of the common stock.
ABOUT IRONRIDGE TECHNOLOGY
Ironridge Technology Co. is a division of Ironridge Global IV, Ltd. that specializes in equity investments in stocks related to researching, developing and creating computer software and hardware, electronics, information technology systems and services. Ironridge is a long-only institutional investor, making direct equity investments in small cap public companies. The firm entered into more than twenty equity financing transactions last year, ranging from a quarter million to $10 million each. Ironridge seeks to be a long-term financial partner, assisting public companies in financing operations and expansion by supplying innovative funding solutions and flexible capital. The firm seeks to unlock the full potential of cash-constrained businesses, propelling higher growth and more profitable enterprises.
MEDCLEAN TECHNOLOGIES INCORPORATED (OTCBB: MCLNE)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MCLNE.php
MedClean Technologies, Inc. is a provider of innovative technology and services for the treatment and disposal of regulated medical waste. MedClean's flagship MedClean® Series systems are fully integrated, turnkey technology solutions that enable healthcare providers and medical waste haulers to safely, efficiently, and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities now located in Bethlehem, Pennsylvania.
MCLNE News:
April 10 - MedClean Partners with MedPro Waste Disposal LLC and the IMWTA to Implement Service Program to Customers of Major GPO
Exclusive Program Includes Medical Waste Brokerage Services, Hauling Services, and Billing and Administrative Support Services to more than 100,000 Non-Acute Care GPO Member Facilities
MedClean Technologies (OTCBB: MCLNE), the leading provider of technology designed for the efficient treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced it has partnered with MedPro Waste Disposal LLC and the Independent Medical Waste Transporters Association (IMWTA) to implement their first initiative to organize and utilize the IMWTA members extensive services.
The Medical Waste Hauling Program is sponsored by MedClean and powered by MedPro's dedicated account management and sales teams.
Highlights of the program include, but are not limited to:
* Exclusive relationship with a major U.S. based Group Purchasing Organization and their member base of more than 100,000 non-acute care facilities
* Guaranteed customer savings of 20% or more based upon the term of the agreement
* "No Surprise" billing services. All costs of the program are disclosed at the time the Service Agreement is signed and remain fixed for the duration of the Service Agreement
* Utilization of MedPro's dedicated team for the implementation of the program to ensure the program is offered to all members. The campaign includes telemarketing, bid/proposal management to the IMWTA, contract administration, and customer billing services
* Utilization of IMWTA members hauling services to provide local, friendly, and high quality services
* Targeted market represents 10% to 20% of the $3.5 billion dollar medical waste market
"This is a landmark program for the Regulated Medical Waste industry, specifically to the small quantity waste generator (SQG), which typically pays significantly higher prices for hauling services due to the fact that only one entity existed in the market place that had the bandwidth to serve the market," commented David Laky, President and CEO, MedClean Technologies, Inc. "Through the partnerships we have developed, we have been able to identify a target market, develop a savings program for that market, increase the value proposition our GPO partner provides to that market, and most importantly deploy high quality services to the participants. Our partners are committed to the success of this program and have backed that commitment through contracted milestones. Additional goals of the program include enhanced opportunity for ecommerce sales and through tracking waste volumes handled by the IMWTA we will be able to pinpoint key opportunities to place localized medical waste processing centers featuring our MedClean Series equipment."
ABOUT MEDPRO DISPOSAL LLC
MedPro Waste Disposal LLC (MedPro) provides reliable, cost-effective medical waste disposal services to large and small quantity generators of medical waste. At, MedPro, we recognized a need for standardized costs across an industry largely dominated by a single entity. There were too many instances where customers were being charged drastically different prices for the same service. Some industry leaders continue to use this pricing strategy on their own customers, charging similar waste generators not-so-similar prices. In an industry full of regulations, there appeared to be none when it came to reasonable and fair business practices.
MedPro has formed an alliance with MedClean and the IMWTA transporters to provide the safest and most economical destruction of medical waste. Our goal is to ensure that our customers receive the quick, reliable service you have come to expect from your medical waste hauler with the peace of mind that you are not paying more than your neighbor, and that your waste is being properly disposed of.
SIBONEY CORPORATION (OTC: SBON)
"Up 320.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SBON.php
Siboney Corporation, through its subsidiaries, engages in the publication and distribution of educational software products primarily for schools in the United States. It publishes educational software products in various academic areas, such as reading, language, mathematics, science, writing, and English as a second language, primarily for K-12 students and adult learners. The company publishes Orchard Software for Your State (Orchard) product line that integrates the results of subject specific assessment tests which are based upon state standards, with individualized instruction from approximately 160 skill trees in K-12 reading, language, mathematics, and science. Orchard’s assessment identifies areas of academic weakness for each student within his/her state’s grade-specific standards of learning and then prescribes an individualized learning path for each student as students interact with various motivating instructional approaches that appeal to various learning styles. Siboney Corporation also publishes titles-based instructional software product lines, which include GAMCO Educational Software that provides schools with single titles and curriculum solutions, such as management features that track student progress, and enables teachers to modify the instruction for individual learning needs; and Educational Activities Software, which provides software for the middle school to adult learner markets. Its products include PracticePlanet, an online test practice program to enhance student skills and improve scores on state assessments. The company sells its products through a network of independent dealer representatives, direct field and inside sales representatives, direct catalogs and promotions, sales force, and school software catalog dealers to schools, community colleges, adult learning centers, and correctional facilities. Siboney Corporation was incorporated in 1955 and is based in St. Louis, Missouri.
SBON News:
No recent news for Siboney Corporation (OTC: SBON).
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