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PFNO, ECDC, CDTN, LUXD, MDCE, ICPA
Our Stocks to Watch today include ParaFin Corp. (OTC: PFNO), East Coast Diversified Corp. (OTCBB: ECDC), Capacitive Deionization Technology Systems Inc. (OTC: CDTN), Lux Digital Pictures Inc. (OTC: LUXD), Medical Care Technologies Inc. (OTCBB: MDCE) and IC Places Inc. (OTCBB: ICPA).
PARAFIN CORPORATION (OTC: PFNO)
"Up 200.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PFNO.php
Parafin Corporation, a development stage company, engages in the acquisition and exploration of oil and gas properties. The company executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These concessions consist of 2,456,453 hectares (approximately 6,069,994 acres) in the Alto Parana Block, Alto Parana Province, the Republic of Paraguay. The company was founded in 1978 and is based in Reno, Nevada.
PFNO News:
April 27 - ParaFin Negotiating to Monetize US$1.6 Billion ING Bank N.V. Bearer Bonds
ParaFin Corporation (OTC: PFNO) owns 800 Series FF ING Bank N.V. 5.5% June 16, 2010 EURO1,000,000 Bearer Bonds issued June 16, 2000. To finance acquisitions and hydrocarbon exploration in the U.S.A., representatives of ParaFin Corporation, have been actively negotiating with financial institutions to monetize the 800 Series FF ING BANK N.V. 5.5% June 16, 2010 EURO1,000,000 Bearer Bonds.
The value of the 800 Series FF ING Bank N.V. Bearer Bonds owned by ParaFin is in excess of US$1.6 Billion. The first admission by ING Bank N.V. that ING Bank N.V. issued Series FF June 16, 2010 Bearer Bonds in June, 2000 was received in a letter from the attorneys for ING Bank N.V. to Attorneys for ParaFin.
EAST COAST DIVERSIFIED CORPORATION (OTCBB: ECDC)
"Up 26.83% 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.
CAPACITIVE DEIONIZATION TECHNOLOGY SYSTEMS (OTC: CDTN)
"Up 500.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CDTN.php
Capacitive Deionization Technology Systems, Inc., a development stage company, doing business as CDT Systems, Inc., provides various technologies for pure and ultra pure water requirements. The company is the worldwide licensee for the Lawrence Livermore National Laboratory's patented capacitive deionization technology (CDT) for water purification and desalination applications. The Lawrence Livermore license authorizes the company to manufacture and market CDT, specifically in the fields of brackish water and seawater conversion, industrial and agriculture ground water remediation, pure water for boiler applications, ultra pure water for manufacturing, nuclear waste remediation, and medical applications. It also develops a CDT Mobile System for industrial and emergency applications. The company also has a manufacturing and marketing license with TDA Research, Inc.; and obtained worldwide rights to TDA Research's patented ‘Porous Carbons from Carbohydrate’ for the manufacture of electrodes for use in capacitive deionization systems for the separation of ions from water, as well as for the manufacture of porous carbon materials for use as thermal insulation. Its customers include government organizations primarily in the Middle East, North Africa, and the Asia Pacific regions. The company was founded in 1996 as FarWest Group, Inc. and changed its name to Capacitive Deionization Technology Systems, Inc. in 2001. Capacitive Deionization Technology Systems is based in Addison, Texas. On November 6, 2008, Capacitive Deionization Technology Systems Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas.
CDTN News:
No recent news for Capacitive Deionization Technology Systems, Inc. (OTC: CDTN).
LUX DIGITAL PICTURES INCORPORATED (OTC: LUXD)
"Up 66.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LUXD.php
Lux Digital Pictures, Inc. engages in the development, production, marketing, and distribution of digital films. The company intends to market its motion picture product and distribution businesses under various brands, including Lux Digital Pictures, Midnight Movies, New Broadway Cinema, and Short Screams. It also intends to develop its brand Midnight Movies brand as a specialty theatrical distributor that provides multi-market releases for some of its own products and film products acquired from third parties. The company’s Short Screams brand would be an online Web portal that streams and broadcasts independently produced short horror, suspense, and fantasy films; and New Broadway Cinema brand would produce and distribute film adaptations of established theatrical stage productions using its proprietary DigiTheater production process. Lux Digital Pictures, Inc. was founded in 2008 and is based in Los Angeles, California.
LUXD News:
No recent news for Lux Digital Pictures, Inc. (OTC: LUXD).
MEDICAL CARE TECHNOLOGIES INCORPORATED (OTCBB: MDCE)
"Up 33.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MDCE.php
Medical Care Technologies Inc. is traded under the symbol "MDCE" on the OTCBB and is headquartered in Beijing, China. MDCE, through joint ventures or Chinese subsidiaries, develops a network of children's health facilities in the larger urban areas throughout China. Services are geared towards the advancing economic middle-class and upper class Chinese families. Specializing in the care of children between the ages of 3 to 16, MDCE's role is to enhance the overall well-being of the family and community and to expand its pediatric services to include preventative health and wellness education. MDCE, through its children's health facilities, will also distribute a diverse range of industry-leading pharmaceutical and nutraceutical product lines. MDCE's main mission is simple – to become a healthcare service provider leader in children's health.
MDCE News:
No recent news for Medical Care Technologies Inc. (OTCBB: MDCE).
IC PLACES INCORPORATED (OTC: ICPA)
"Up 23.40% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ICPA.php
IC Places owns and operates 350 city news and entertainment websites. Each IC Places city website offers a virtual keyhole view of life in each community. Every unique aspect of a city's social, business, and cultural life is available right at each city's IC Places homepage. IC Places provides the entire community a place to talk, do business and get connected. Businesses are given amazing tools to tell their stories in the best way possible and visitors get unfettered access to businesses, events and people in each city.
ICPA News:
April 20 - Shark Tank Champion Partners With IC Places to Take Visitors Beyond the Velvet Ropes
IC Places, Inc. (OTCBB: ICPA) announces it has formed a strategic partnership with EzVip.com to offer www.icplaces.com visitors direct access to the hottest night clubs and best events around world.
EzVip.com gained National attention when Founder and CEO, Alashe Nelson, pitched his start up company on this year's season premiere of ABC's Shark Tank.
The show features entrepreneurs Mark Cuban (Dallas Mavericks owner), Daymond John (founder of FUBU clothing line), Kevin O'Leary (educational software), Barbara Corcoran (real estate) and Robert Hejavec (technology security), who try to outbid each other to invest their own money in unique businesses.
During the show, Nelson received a funding offer from Hejavec and O'Leary, who teamed up, but in the end accepted an offer from Cuban and John.
"I met Al during his recent trip to LA where he was inking deals for his West Coast expansion. We both saw the instant synergy," said IC Places President, Steve Samblis. "Teaming up with Mark Cuban and Daymond John, Al has created the OpenTable (OPEN - OpenTable Inc (NASDAQ)) of night clubs. "We have Night Life sections in all of our 350 city websites. The partnership with EzVip.com will allow us to generate significant revenues from those sections."
Under the agreement EzVip.com will pay IC Places a percentage of each booking it generates. IC Places Night Life sections will offer direct links to reserve tables at the best clubs in each city using the EzVip.com engine.
The two companies will grow together as EzVip.com expands into new cities.
"We are very excited to be working with IC Places. Having IC Places as a partner in our expansion gives us pre-positioned placement in cities as we grow," said Alashe Nelson, CEO of EzVip.com. "We will be able to tap into IC Places current visitor base and expand our reach though their sites. It also gives IC Places the ability to monetize site visitors in a new way."
ABOUT EZVIP.COM
EzVip.com provides access and convenience to their customers by allowing them to pre-purchase their night out to the best events in the world directly through their computer or mobile device. The company began with nightlife events, and has expanded into other notable experiences. The company prides itself in only partnering with the best organizations in order to give their customers an experience they would not be able to obtain elsewhere.
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