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MDMC
IFON, TEMNE, WBSI, IPRU, FOGC, STHG
Our Stocks to Watch today include Marine Drive Mobile Corp. (OTCBB: MDMC), InfoSonics Corp. (NASDAQ: IFON), Team Nation Holdings Corp. (OTCBB: TEMNE), WebSafety Inc. (OTCBB: WBSI), Innovative Product Opportunities Inc. (OTCBB: IPRU), Fortune Oil & Gas Inc. (OTC: FOGC) and Stratton Holdings Inc. (OTC: STHG).
FEATURED COMPANY
MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC)
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.
INFOSONICS CORPORATION (NASDAQ: IFON)
"Up 71.25% 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.
TEAM NATION HOLDINGS CORPORATION (OTCBB: TEMNE)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TEMNE.php
Team Nation Holdings Corporation, a management and services company, provides management solutions to title companies in the United States. The company offers management, title plant and production, sales and marketing support, human resources and information technology administration, accounting, and customer services. It serves residential and commercial customers, independent and affiliated title agencies, and related companies in the real estate and mortgage lending industries. The company is based in Newport Beach, California.
TEMNE News:
No recent news for Team Nation Holdings Corporation (OTCBB: TEMNE).
WEBSAFETY INCORPORATED (OTCBB: WBSI)
"Up 33.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/WBSI.php
WebSafety, Inc. is the leading provider of mobile phone software solutions that notify parents and employers of cyberbullying, explicit or degrading texting, and suspicious or unlawful online behavior. The mobile software applications support devices using Android and BlackBerry wireless operating systems, and operate on all four of the major wireless carriers in the United States and the three major wireless carriers in Canada.
WBSI News:
April 25 - RatedSafe Educates FOX News Morning Show Viewers on Protecting Kids From Cyber-Bullying With WebSafety's Advanced Parental-Control Mobile App
WQN, Inc. (OTC: WQNI) is set to appear on FOX's morning show "My FOX Detroit" on Thursday April 26th. Teresa Ambroz the company's spokesperson and technology advocate will discuss RatedSafe's distribution model for WebSafety's (OTCBB: WBSI) parental-control mobile application that allows parents to monitor inappropriate text messaging activities on a child's mobile phone. The monitoring capability of the application allows parents to protect their children from bullying, offensive and predatory communications.
The WebSafety app filters mobile phone texting or email communications through the world's largest word-recognition library of words, slang terms, and catch phrases involving cyber-bullying, sexual behavior, and harmful activities involving threats, or predatory comments, "sexting", and references to self-harm, suicide, drug use, gun use, and more. Suspicious words or phrases automatically trigger email and text-message alerts to parents that include the entire email exchange or text-message dialog thread of the child's mobile phone communications in question.
"We are pleased to have the opportunity to appear on 'My FOX Detroit,'" said Michael Adler CEO of WQNI. "This allows us the chance to enlighten the morning show audience to technology that can help protect against social pressures such as cyber-bulling, that 1 in 4 kids in America face every day."
WQNI recently announced a retail program with AT&T and Verizon authorized dealers throughout the Michigan area offering the parental-control mobile app for a monthly fee of $7.99.
RatedSafe was recently featured on NBC Miami educating viewers about keeping kids safe behind the wheel.
ABOUT WQNI
WQN, Inc. (OTC: WQNI) markets and distributes mobile applications that enable parents to monitor their children's mobile phone activities. WQNI partners with leading mobile communications companies to offer unique online security solutions designed to help parents keep their kids safe, including RatedSafe™, Cell Safety™, and SAFE™ (Security Assisted Family Entertainment).
INNOVATIVE PRODUCT OPPORTUNITIES (OTCBB: IPRU)
"Up 94.44% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IPRU.php
Innovative Product Opportunities Inc., a development stage enterprise, plans to provide a full-service product development firm to meet the needs of new and emerging product ideas available for sale today and in the future. It intends to market its services to the inventors and businesses through trade and industry publications. The company was founded in 2009 and is headquartered in Mississauga, Canada.
IPRU News:
No recent news for Innovative Product Opportunities, Inc. (OTCBB: IPRU).
FORTUNE OIL & GAS INCORPORATED (OTC: FOGC)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FOGC.php
Fortune Oil & Gas, Inc., through its subsidiaries, operates as an independent energy company. It engages in the exploration, development, exploitation, and production of oil and natural gas primarily focusing on the North Java Sea, Indonesia. It holds a 30% interest in Bawean Production Sharing Contracts. The company operates the Camar and Tuban oil and natural gas fields through its joint venture, Camar Resources Canada, Inc. As of December 31, 2004, its estimated oil reserves comprised 211,000 Bbls. Fortune Oil & Gas, Inc. was founded in 1980 and is based in White Rock, Canada.
FOGC News:
No recent news for Fortune Oil & Gas, Inc. (OTC: FOGC).
STEADFAST HOLDINGS GROUP (OTC: STHG)
"Up 50.00% 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:
May 2 - Stratton Holdings, Inc. Secures Gold Mining Expert, John Semachko, Jr. as new CEO; Company to Release 2011 Assay Results
Stratton Holdings, Inc. (OTC: STHG) announces that its interim CEO, Cedric Atkinson, has identified a seasoned mining professional, John Semachko, Jr., to serve as the company’s official Chief Executive Officer to fulfill the STHG obligations and objectives toward long-term growth and multiple streams of revenue. Semachko is the former president of Sierra Gold, a West African mining company with which STGH executives have a pre-existing relationship. He has a longstanding reputation in the industry and will be resigning from all outside positions to ensure that Stratton receives exclusive focus in a strategic plan to foster the company to new levels with opportunities in both West Africa and North America.
Atkinson, in addition to bringing seasoned management on board with industry expertise, has set in motion the steps to buy out Accurate Resource Development’s 50% ownership in its JV with Stratton, giving Stratton Holdings, Inc. 100% ownership in the West African Mining venture, reducing the company’s funding requirements to $450,000 from $750,000, saving the company $300,000 in commitments and increasing its ownership position in what company executives feel will be a highly profitable venture for STHG and its shareholders.
As well, Stratton executives are pleased to announce that the company will be releasing the 2011 Assay Results on its West Africa claims.
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