For Wednesday, February 8th
GRCO, AVID, EVCA, CTGI, STHG, ALZM
Our Stocks to Watch today include Greenbelt Resources Corp. (OTC: GRCO), Avid Technology Inc. (NASDAQ: AVID), Evarco Inc. (OTC: EVCA), CSMG Technologies Inc. (OTCBB: CTGI), Stratton Holdings Inc. (OTC: STHG) and Allezoe Medical Holdings Inc. (OTC: ALZM).
STOCKS TO WATCH
GREENBELT RESOURCES CORPORATION (OTC: GRCO)
"Up 476.92% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GRCO.php
Founded in 2001, Greenbelt Resources Corporation™ develops and implements technology that makes alternative fuel reliable, practical, and efficient. The company delivers business solutions with integrity and perpetually high quality control through intelligent support services. Greenbelt Resources subsidiary Diversified Ethanol Corporation™ provides end-to-end waste-to-ethanol solutions designed for localized processing of locally generated waste into locally consumed ethanol. The company's ethanol plants are built around the award winning Butterfield Closed Cycle System™.
GRCO News:
January 9 - Greenbelt Resources Corporation and Diversified Ethanol Contribute System To UF Biorefinery Pilot Plant
Greenbelt Resources Corporation (OTC: GRCO) announced that its wholly-owned subsidiary Diversified Ethanol Corporation will supply the distillation and dehydration system in the $20 million Stan Mayfield Bio Refinery Pilot Plant at the University of Florida Institute of Food and Agricultural Sciences laboratory. University and government officials cut the ribbon today at the Buckeye Technology facility in Taylor County, Florida to commence the project.
The bio refinery plant will identify better ways to produce fuel ethanol from biomass. The Diversified distillation and dehydration system will concentrate the ethanol to appropriate levels for use. Diversified will also provide ongoing technical support and monitoring services with 24/7 network connectivity to the system’s process controls from its headquarters in Paso Robles, California. Constant monitoring allows Diversified to remotely address system alerts and advise on system function changes as needed.
"Projects of this scope will help prove the validity of sustainable ethanol alternatives to fossil fuels,” said Darren Eng, CEO of Greenbelt Resources Corporation. “We are honored to be selected to work with the team led by the esteemed Dr. Lonnie Ingram.”
Greenbelt Resources was selected to participate via public bid process for its three years of experience with membrane distillation technology as well as for the reputation of Diversified technology innovator Floyd Butterfield.
AVID TECHNOLOGY INCORPORATED (NASDAQ: AVID)
"Up 20.24% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AVID.php
Avid creates the digital audio and video technology used to make the most listened to, most watched and most loved media in the world – from the most prestigious and award-winning feature films, music recordings, television shows, live concert tours and news broadcasts, to music and movies made at home. Some of Avid’s most influential and pioneering solutions include Media Composer®, Pro Tools, Interplay®, ISIS®, VENUE, Sibelius®, System 5, and Avid® Studio.
AVID News:
February 7 - Avid Announces Results for Fourth Quarter 2011
Reports First Quarterly GAAP Net Income Since 2007
Avid (NASDAQ: AVID) reported revenues of $185.3 million for the three-month period ended December 31, 2011, compared to $195.3 million for the same period in 2010. The GAAP net income for the fourth quarter was $1.2 million or $0.03 per share, compared to a GAAP net loss of $571,000 or $0.01 per share, in the fourth quarter of 2010.
The GAAP net income for the fourth quarter of 2011 and GAAP net loss for 2010 included amortization of intangible assets, stock-based compensation, gain on asset sales in 2010 only, restructuring and other charges, and related tax adjustments collectively totaling $13.4 million and $14.8 million, respectively. Excluding these items, the non-GAAP net income for the fourth quarter of 2011 was $14.6 million, or $0.38 per share, compared to non-GAAP net income of $14.2 million, or $0.37 per share, for the fourth quarter of 2010.
“Our results for the fourth quarter were encouraging and reflect our continued efforts to streamline our operations and improve execution across the business,” said Gary Greenfield, chairman and CEO of Avid. “For the quarter, we reported positive GAAP net income for the first time since 2007, positive cash flow from operations and the highest gross margin as a percent of revenue since 2005. In addition, we have implemented the restructuring we announced in October and expect to see additional benefit from these actions in 2012. We continue to identify and implement changes across the Company to help improve our operational performance and remain sharply focused on improving profitability while driving revenue growth.”
Revenues for the twelve-month period ended December 31, 2011 were $677.9 million, compared to revenues of $678.5 million for the same period in 2010. The GAAP net loss for 2011 was $23.8 million, or $0.62 per share, compared to a GAAP net loss of $37.0 million, or $0.98 per share, for 2010. The GAAP net loss for 2011 and 2010 included $34.0 million and $46.2 million, respectively, of amortization of intangible assets, stock-based compensation, restructuring and other charges, gain or loss on sales of assets, legal settlements, acquisition-related costs and related tax adjustments. Excluding these items, the non-GAAP net income for 2011 was $10.2 million, or $0.26 per share, compared to a non-GAAP net income of $9.2 million, or $0.24 per share, for 2010.
EVCARCO INCORPORATED (OTC: EVCA)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EVCA.php
Evarco Inc. is the Future Driven® automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. Evarco is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles. Evarco has developed a dealer network allowing growth into most US States by 2012.
EVCA News:
No recent stories.
CSMG TECHNOLOGIES INCORPORATED (OTCBB: CTGI)
"Up 110.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CTGI.php
CSMG Technologies, Inc., a development stage company, together with its subsidiaries, operates as a technology management company. The company engages in financing, owning, developing, patenting, managing, licensing, and marketing technologies in Ukraine and other eastern European countries. It provides live biological tissue bonding technology that focuses on bonding living soft biological tissue used in surgical procedures, which eliminates the need for sutures, staples, sealants, or glues; and carbon dioxide separation of landfill gas technology that separates carbon dioxide and other impurities from the gas produced in landfills and converts the remaining gas to a cleaner, up to 98% pure methane gas for use in internal combustion engines or for sale to natural gas companies. The company, formerly known as Consortium Service Management Group, Inc., was incorporated in 1992 and is headquartered in Corpus Christi, Texas with an additional office in Kiev, Ukraine.
CTGI News:
February 3 - Pechala's Reports Releases Research on CSMG Technologies, Inc.
There is a new research report out on CSMG Technologies, Inc. (OTCBB: CTGI). Those interested can access the report at http://bit.ly/yZnBFO.
STEADFAST HOLDINGS GROUP (OTC: STHG)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/STHG.php
Stratton Holdings Inc. is publicly traded on OTC Markets with a focus on Resource based initiatives such as Gold and mineral mining as well as business operations in other sectors which management feels has potential for long-term growth and/or near-term revenue opportunities.
STHG News:
January 25 - Stratton Holdings, Inc. Releases Details on Joint Venture for a Multi-Million Dollar Gold Mining Operation in Sierra Leone
Stratton Holdings, Inc. (OTC: STHG) announces details regarding its recently signed Joint Venture for a Gold Mining Operation on the Sewa River in the Bo District and Kenema District of Sierra Leone West Africa, with revenues projected in excess of $16m. The JV is between Sierra Gold Corporation, Inc. and STHG’s partner, Accurate Resource Development Corporation. The first in a series of such ventures, the companies will work together utilizing alluvial mining operations to harvest resource-rich river concessions beginning with a 5-acre plot.
STGH CEO, Cedric Atkinson states, “Aside from the fact that we have proven assay reports from two separate laboratories verifying 18-22 grams of gold per ton, this particular concession is also known as one of the world’s top alluvial diamond rivers.”
As a majority partner in the JV, Accurate Resource Development will deploy a 50-ton per hour mobile placer plant and fully operational support equipment to Sierra Leone starting 2012 with refinement of recovered ore conducted in the U.S. thereafter. “We have managed to keep cost per ounce at no more than $800, with the abilities to produce well over 10,000 oz. by 2014 on this concession alone, giving us tremendous upside potential,” states Atkinson. Finance leader, Goldman Sachs, recently increased its three-month forecast by 7.0% to $1,760 a troy ounce from $1,645/oz., its six-month forecast by 5.8% to $1,830/oz. from $1,730/oz. and its 12-month forecast by 3.8% to $1,930/oz. from $1,860/oz.
In addition to frequent updates on the JV, the company continues to progress with negotiations toward closing deals on attractive concessions in Northern California. Lastly, executives are thrilled to announce that Accurate Resource Development Corporation are in discussions for another concession in British Columbia, Canada. The concession has extensive drilling reports and approximately $1.2 million in drilling costs furnished to date.
“We are in an aggressive expansion phase toward collective benefit; acquiring and/or producing near term mining claims, positioning the company for systematic growth and multiple revenue streams,” states Atkinson. “As well, we’ll be launching our official website soon and we invite existing and prospective shareholders to visit our countdown page at www.STHGgold.com and sign up for our email list for updates and info on everything we do.”
ALLEZOE MEDICAL HOLDINGS INCORPORATED (OTC: ALZM)
"Up 98.21% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ALZM.php
Allezoe Medical Holdings, Inc. is a holding company focused on acquiring the most high quality and in-demand medical products, solutions and services. Whether through diagnosis, treatment, or medical research itself, Allezoe is interested in companies that are making a striking difference in the healthcare system through technology and treatments for health issues that affect large populations.
ALZM News:
No recent stories.
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