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ENMD, SAVW, URXE, SMKG, BWMG, UNVC
Our Stocks to Watch today include Our Stocks to Watch today include EntreMed Inc. (NASDAQ: ENMD), SavWatt USA Inc. (OTCBB: SAVW), Mustang Geothermal Corp. (OTCBB: URXE), SmartCard Marketing Systems Inc. (OTC: SMKG), Brownie's Marine Group Inc. (OTCBB: BWMG) and Univec Inc. (OTC: UNVC).
STOCKS TO WATCH
ENTREMED INCORPORATED (NASDAQ: ENMD)
"Up 12.87% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ENMD.php
EntreMed, Inc. is a clinical-stage pharmaceutical company committed to developing ENMD-2076, a selective angiogenic kinase inhibitor, for the treatment of cancer. ENMD-2076 is currently in a multi-center Phase 2 study in ovarian cancer and in several Phase 1 studies in solid tumors, multiple myeloma, and leukemia.
ENMD News:
January 23 - EntreMed Secures $10 Million Strategic Financing
EntreMed, Inc. (Nasdaq: ENMD), a clinical-stage pharmaceutical company developing therapeutics for the treatment of cancer, announced today that it has secured $10 million in financing with strategic accredited investors, including IDG-Accel China Growth Fund II L.P. ("IDG"), Emerging Technology Partners, LLC ("ETP"), and Dr. Tak W. Mak, Director of The Campbell Family Institute for Cancer Research.
The Company entered into purchase agreements with the investors, pursuant to which the Company has agreed to issue and sell to the investors convertible notes in the aggregate principal amount of $10 million. The investors also will be issued warrants covering a number of shares of common stock equal to 20% of the principal amount of the notes, divided by $1.15. The warrants are exercisable at $1.40 per share. The closing of the transaction is anticipated to occur on or about January 27, 2012 upon the satisfaction of certain conditions.
At the closing, IDG and ETP have the right to designate in the aggregate two members of the Company's Board of Directors. In addition, it is expected that the Company will select an interim Chief Executive Officer.
Subject to the approval of the Company's stockholders at the 2012 stockholder meeting, the notes will automatically and immediately convert into shares of common stock and the warrants will become exercisable. The notes have a maturity date of August 31, 2012, bear an interest rate of 6% and will convert at a conversion price of $1.15 per share. The conversion price reflects the 10-day average closing sale price ending on January 20, 2012. The notes are not convertible, and the warrants are not exercisable, prior to receiving stockholder approval. If stockholder approval is not obtained, the Company will be required to pay liquidated damages to the note purchasers equal to an aggregate of $1.2 million.
"We are very pleased to have the support from a group of knowledgeable investors and the validation of the potential of ENMD-2076. The proceeds from the notes will allow the Company to accelerate and expand its research and development activities, fund additional trials, initiatives and long term strategic plans," said Michael M. Tarnow, the Company's Executive Chairman.
After deducting transaction fees and expenses, the net proceeds to the Company will be approximately $9.3 million. The convertible notes, the warrants and the common stock into which the notes and warrants are convertible have not been registered under the Securities Act of 1933, as amended (the "Act") and applicable state securities laws, but have been offered and sold in the United States pursuant to applicable exemptions from registration requirements under the Act and applicable state securities laws. This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.
ABOUT ENMD-2076
ENMD-2076 is an orally-active, Aurora A/angiogenic kinase inhibitor with a unique kinase selectivity profile and multiple mechanisms of action. ENMD-2076 has been shown to inhibit a distinct profile of angiogenic tyrosine kinase targets in addition to the Aurora A kinase. Aurora kinases are key regulators of mitosis (cell division), and are often over-expressed in human cancers. ENMD-2076 also targets the VEGFR, Flt-3 and FGFR3 kinases which have been shown to play important roles in the pathology of several cancers. ENMD-2076 has shown promising activity in Phase 1 clinical trials in solid tumor cancers, leukemia, and multiple myeloma. ENMD-2076 is currently in a Phase 2 trial for ovarian cancer, and preclinical and clinical activities are ongoing in assessing the compound's applicability for other forms of cancer.
SAVWATT USA INCORPORATED (OTCBB: SAVW)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SAVW.php
Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint world-wide. SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb. SavWatt's product families include LED fixtures, bulbs, street lights, and parking lights.
SAVW News:
January 5 - SavWatt CEO's New Year Message to Shareholders
SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, released a New Year message from SavWatt's CEO, Mr Ike H. Sutton.
Dear Shareholders,
We are now at a pivotal point in SavWatt's history; 2011 has closed with a long list of accomplishments and we are starting 2012 with a long list of goals. Building a new business takes focus, determination, and support from all those involved. We are slowly becoming a major force in the new LED revolution, a supplier of a product which is a game changer for an industry that has been around for 100 years, and an innovator of new technology for energy saving and green initiatives.
Our 2011 accomplishments are attributed to the efforts of SavWatt's team which is now 30 and growing. I would like to highlight a few:
* We have completed Phase 1 of the Baltimore facility build-out; our LED Quality Control Burn in Machine has been installed and tested. LED Bulbs are put through a 6 hour testing regimen before being shipped to clients providing the highest level of quality control in the industry and enabling SavWatt to offer a 4 year warranty. Additionally, 2 assembly lines have been installed to produce orders that require Built in America status which will make available US government stimulus funds.
* Company sales offices in New York, Florida, Virginia, and soon to open in California have been established and staffed. Our focus has been areas with high cost of energy — note each of these areas the cost of energy exceeds .15 per kilowatt, which makes LED bulb replacement a must.
* International subsidiaries have been established in Asia and Europe in anticipation of global distribution of SavWatt products.
* An Exclusive Worldwide License has been entered into with P2i, a provider of a patented nano coating which will make our LED bulbs water and dirt resistant, a major differentiator from suppliers like Phillips, GE and Sylvania.
* Our Ecopoles have been installed in strategic locations for testing and continued to be installed and upgraded. These tests provide valuable information for deployment of thousand units worldwide in the upcoming years. The ecopole has been classified as art sculpture and is aesthetically acceptable by communities nationwide.
* Savwatt's web site, a project by itself. The site tracks all our products, specifications and uses. It tracks our ecopoles location with pictures, provides a calculator for all to see the saving affect of our LED lights, and is a repository of all news and sec information for our investors.
* Our products are constantly changing due to technology advancements in this area. We pride ourselves as being able to bring the latest technological engineered products to market before our competitors due to our size and determination. Our products consist of outdoor, indoor, and our totally off the grid ecopoles and soon to be released sunpoles.
* Our suppliers overseas and in the USA have recognized that our vision and marketing efforts are unique and have either entered into exclusive distribution agreements or partnership agreements to make SavWatt the brand of choice worldwide.
* We have attended several trade shows over the year and have developed a database of hundreds of Energy Solution Providers that are hungry for information and partnership; we look forward to developing these relationships.
* We have retained 3rd party consultants to apply for Carbon Credits for our ecopoles. With a projection of 10,000 units a $15 million carbon credit plan is in the works. Coupled with a successful forward sale of these credits, these funds will provide SavWatt substantial working capital for their deployment worldwide.
* Our shareholder based grown to over 3,000 shareholders and this is one of our major assets for the new year.
We, like any other business, had a few disappointments and we are dealing with them. Our relationship with Humanim was terminated as our vision and their boards vision parted ways. DTC which clears stock for all brokerage houses decided not to clear our stock electronically, creating hardship for shareholders to buy and sell our shares, but on a good note, it also limits the shorting of the stock. We are trying to rectify this matter but it is out of our control and is affecting all small micro cap stocks. Our quarterly filings in 2011 were late and we have taken actions to make sure that all our required SEC filing are made on time.
For 2012 we have many resolutions and goals, but to name the top 3:
* Share Valuation - we would like to see a major increase in valuation. Our industry values companies at a minimum of 4 times revenues. Our minimum sales goal for 2012 is $10 million. We have planted the seeds and in 2012 we should start to see the results of our efforts.
* Higher Exchange - we would like to move to Amex or Small Cap Nasdaq -- we are currently evaluating their requirements and creating a plan that will enable to achieve this goal.
* Cash Flow Positive - we believe that by mid-year we will be cash flow positive. Our projection, cash requirements, sales objectives are being monitored daily in order to achieve these goals.
In regards to funding and dilution, a touchy subject, which I receive many emails and calls daily, I would like to point out and remind all shareholders that SavWatt is a Development Stage company. We have accomplished a lot in 2011 but still are pre-substantial revenues; we are still not cash flow positive. We are raising funds through short term convertible loans; these loans when converted do dilute the stock. This method of financing is necessary to grow our business; we are not bankable and do not have a major company big brother. In fact all the shareholders should consider themselves venture capitalists. The alternative and easier solution to this is to accept a $10 million funding from a venture capital firm, give up control and 80% ownership and be subject to a share reverse and major dilution. I believe the road we have taken is best for all shareholders including myself. It provides the cash needed for operations and growth. Based on current share price and 3.1 billion shares outstanding as of today, our company has a valuation of under $1 million, as stated above our goal for 2012 is for a much higher valuation. As venture capitalists, building a business takes time and is not for day traders.
For this new year, I would like to thank the support of our shareholders which is our major asset. We have grown and developed due to their support. I have only one request for the new year that is in regards to SavWatt's bashers on online chat boards. Ask yourself why are they bashing SavWatt? If they are shareholders, why bash? This only creates negativity in the marketplace. If they are not shareholders, why are they on the board? Are they being paid for bashing? By whom and what's the purpose? And if they are really unhappy with SavWatt and the SavWatt team, get out of the stock and move on. Please do not listen or act based on basher information as they have an agenda of their own and provide misinformation to the determent of the company.
On a positive note, we are providing a product that saves energy, is green and is mandated by government regulations. The opportunity is huge; we are aggressively working our plan and we will succeed.
Happy and Healthy New Year and Regards to All.
Ike H. Sutton, CEO
SavWatt USA, Inc.
MUSTANG GEOTHERMAL CORPORATION (OTCBB: URXE)
"Up 34.62% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/URXE.php
Mustang Geothermal owns a 100% interest in 4,535 hectares of Federal geothermal leases in four project areas in the state of Nevada and holds 6,300 hectares of geothermal exploration concessions in seven areas (Banos del Inca, Paclla, Ninobamba, Atecata, Coline, and Condoroma South & Condoroma) in Peru
URXE News:
December 19 - Mustang Geothermal to Start Drill Program in Peru
Mustang Geothermal Corporation (OTCBB: URXE) ("Mustang" or the "Company") announces that it plans to start a new exploration program consisting of 200 shallow temperature gradient drill holes on the Company's geothermal concessions in Peru . The shallow gradient drill program is a follow-up to the water chemistry sampling program that yielded promising results; indicating potentially viable geothermal reservoirs (see news release dated December 14, 2011 ).
The shallow gradient drill program provides for up to 200, 2-meter-deep drill holes which will be drilled using a motorized, man-portable soil-auger. Temperature is measured at the bottom of the hole using a resistivity-temperature-device (RTD) probe. The purpose of measuring precise temperature at a two meter depth is to explore for thermal anomalies resulting from a "blind" geothermal system at depth. The first meter of the soil acts as an insulating layer with temperature varying according to daily fluctuations, but the second meter of the drill hole tracks temperature that reflects deeper variations that are related to geothermal heat sources.
This method has been used to discover several blind geothermal systems that have ultimately resulted in the development of producing geothermal electrical power plants. The method is a relatively inexpensive method for determining near-surface manifestations of geothermal activity and existence of otherwise "blind" systems.
The drill program will start on the Condoroma Property, located near the settlement of Chaquelles, 29 kilometers southeast of the Swiss based Xstrata plc's Antapaccay copper project. Mustang plans to drill 100 shallow-temperature holes across the Condoroma geothermal concession to identify additional geothermal "hot-spots" and refine deeper drill targets on the property. The shape and size of the anomaly, coupled with geological and geophysical data are intended to narrow down the prospective areas for deeper exploration drilling.
"The ability to quickly and inexpensively generate additional information and potential new exploration targets at Condoroma as well as our other Mustang's geothermal concessions is important in fast-tracking the development of a geothermal resource in Peru and production of electrical power to meet the surging needs in Southern Peru ," commented the Richard Bachman, CEO of Mustang.
SMART CARD MARKETING SYSTEMS (OTC: SMKG)
"Up 280.95% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SMKG.php
Smart Card Marketing Systems, Inc. was established in 2003 and is a leading provider of prepaid cards, value smart storage cards and payment processing services. The company’s current as well as long-term goal is enticing national and international organizations with millions of potential customers and vendors, to purchase and market Smart Card’s products. Smart Card plans to achieve this goal by offering a powerful sales organization and merchant reseller marketing program utilizing their GoSmartCard platform. All of Smart Card’s products and services were developed and designed for international markets, and the company will selectively market to new countries and territories with a prudent and financially beneficial plan using existing, proven and experienced strategic alliances.
SMKG News:
November 14 - SmartCard Marketing Systems Inc. Delivers Hosted Secure Payment Transaction Solutions For Its Merchants & Consumers
Management of SmartCard Marketing Systems Inc. (OTC: SMKG) announces the new offering of a "hosted payment transaction gateway" for E-commerce merchants requiring a compliant PCI approved environment and solution. The Velocitymoney.com platform offers a compliant NOC, SAS 70 and PCI-DSS solution center with our proprietary payment solution delivering robust and secure assurance for any business collecting or managing Consumer Data.
CEO of SmartCard Massimo Barone stated, “We need to provide industry compliant solutions if we want our business to grow and to pursue Fleet Business solutions Domestic or Internationally. It's imperative that we be recognized as a "Data Solution Approved" operation on a global scale to manage the smallest to the largest of client groups."
BROWNIE'S MARINE GROUP (OTC: BWMG.OB)
"Up 51.28% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BWMG.php
Brownie's Marine Group, Inc. and its wholly owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third Lung, based in Fort Lauderdale, Florida designs, tests, manufactures and distributes recreational hookah diving, yacht based scuba air compressor and Nitrox Generation Systems, and scuba and water safety products. The Company sells its products both on a wholesale and retail basis and is comprised of three highly specialized dive product groups. The Company is an industry leading manufacturing and distribution company that serves middle-income boat owners, higher income yacht owners, recreational divers, military operators and public safety personnel.
BWMG News:
November 28 - Innovative New Licensing Product Brings Diving to the Casual Visitor and Resorts and Could Spell Big Future for Brownie's Marine Group
For two months Brownie's Marine Group, Inc. (OTCBB: BWMG) has had a pilot program running through associate Mr. Dan Volker, who in collaboration with diveshop Pura Vida Divers and beautiful resorts such as the Hilton Ocean Front and the Marriott Vacation Club, all on Singer Island in West Palm Beach, with a new innovative product named Tooka. Interest looks promising.
The Tooka is essentially a sturdy purpose designed patent pending tender holding two scuba tanks that is combined with the patented Peloton hose system and the also patented Brownie's Cumberbelt from the famous Brownie's Third Lung hookah diving system. Using the system divers are completely unencumbered by gear and can dive freely breathing from a surface supplied hose that is clipped onto the tow belt or the Cumberbelt on the diver at one end and connected to the scuba tanks floating in the Tooka on the surface at the other end.
Scuba training agency NASE has taken on the project and is heading up training of instructors for the program that literally will be able to take complete novices to experience diving in matters of just minutes. "The type of 5 Star Resort service of the Tooka experience is so brilliant and works so well as it requires pretty much no knowledge of diving or even of masks and fins for someone to get a beautiful experience of life below the surface", says Dan Volker.
Brownie's Marine Group plan to offer the Tooka system on a licensing basis only and envision the experience to be offered via operators at major resorts and vacation spots. Brownie's Marine Group estimates the market consisting of casual visitors and tourists could be upwards 5 times bigger that of the conventional scuba diving market and believes there are great opportunities to be pursued. "The Tooka system is not a competing system to scuba diving, but rather has the potential of vastly expanding the market well into the ordinary beach goers and family vacation population that conventional scuba has not been able to appeal to. We may also see that those who try the Tooka because of the ease of getting started may eventually feel inspired to convert into becoming scuba divers or continue the free experience with our Brownie's Third Lung Hookah diving system. In other words, this product could be a serious game changer to the entire industry", says Robert Carmichael, CEO of Brownie's Marine Group.
UNIVEC INCORPORATED (OTC: UNVC)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UNVC.php
Univec, Inc., through its subsidiaries, produces, licenses, and markets medical products in the United States and internationally. It primarily provides auto-disable and safety syringes. The company offers 1 cc AD-syringe for aspirating and non-aspirating applications, which are used for dispensing dosages of allergy, immunization, and insulin medicines. It also manufactures and markets sliding sheath syringes that are designed to protect patients and healthcare workers from needle stick injuries; and bifurcated needle safety syringes, which are used in administering smallpox vaccines in response to bio-terrorist threats. Univec markets its auto-disable syringes and sliding sheath safety syringes to private hospitals, health facilities, and distributors in the United States, as well as to governments of developing countries. In addition, it assists pharmaceutical companies in marketing, fulfillment, and tracking drug samples via an online system connecting pharmacies and managed payment providers. The company was founded in 1992 and is based in Baltimore, Maryland.
UNVC News:
January 27 - Investment Report On Univec Inc.
A Reuters Investment Profile has been released on Univec Inc. (OTC: UNVC). According to Reuters, “This report is essential reading for any serious investor, providing comprehensive financial information on a company's performance, position and cash flows over the past 3 years, including interim data.” To view the report, visit http://bit.ly/zPue7X.
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