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NXOI, MHYS, SNRY, FTTN, PEIX, OPHC
Our Stocks to Watch today include Next 1 Interactive Inc. (OTCBB: NXOI), Mass Hysteria Entertainment Company Inc. (OTCBB: MHYS), Solar Energy Initiatives Inc. (OTCBB: SNRY), First Titan Corp. (OTCBB: FTTN), Pacific Ethanol Inc. (NASDAQ: PEIX) and OptimumBank Holdings Inc. (NASDAQ: OPHC).
NEXT 1 INTERACTIVE INCORPORATED (OTCBB: NXOI)
"Up 66.67% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/NXOI.php
Next One Interactive, Inc. (NXOI) is a multi-faceted media company specializing in Travel and Real Estate. Next One plans the delivery of targeted content via multiple digital platforms including Satellite, Cable, Broadcast, Broadband and mobile. In today's digital market Next One Interactive delivers information and entertainment to consumers. The company business plan calls for multiple revenue streams from real estate and travel content delivery including transactional commissions, referral fees, advertising and sponsorship. The multiple revenue streams and integrated media platforms allow for the delivery of measurable return on investment to its advertisers, sponsors and business partners.
NXOI News:
No recent news for Next 1 Interactive, Inc. (OTCBB: NXOI).
MASS HYSTERIA ENTERTAINMENT COMPANY (OTC: MHYS)
"Up 43.75% on Wednesday"
Detailed Quote: www.otcpicks.com/quotes/MHYS.php
Mass Hysteria Entertainment, Inc. is a multi-media entertainment company created to produce films with an interactive component. The Company most recently completed production in Louisiana on CARJACKED starring Maria Bello and Stephen Dorff. Anchor Bay acquired domestic and English speaking territories and CMG is selling the picture internationally. Mass Hysteria also recently acquired the rights to the romantic comedy SLEEPING TOGETHER written by Steve Smith and Phill Traill and to be directed by Traill.
MHYS News:
No recent news for Mass Hysteria Entertainment Company, Inc. (OTCBB: MHYS).
SOLAR ENERGY INITIATIVES INCORPORATED (OTCBB: SNRY)
"Up 42.86% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/SNRY.php
Solar Energy Initiatives, Inc. is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. SNRY Power is a developer and manager of municipal and commercial scale solar projects. The SolarEos Group is dedicated to the education and continuous improvement of solar energy trade professionals. SNRY Solar is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via a network of dealers throughout the United States and the Caribbean. Solar Energy Initiatives also owns SolarEnergy.com, one of the most visited solar websites on the internet and a digital property committed to driving consumer traffic, while serving as a platform for awareness of the benefits of solar and a source of business lead generation to SNRY Solar's channel partners. Through its diversified portfolio of solar businesses, Solar Energy Initiatives, Inc. is committed to restoring the nation's economy through a grassroots campaign called "Renew the Nation." Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy.
SNRY News:
May 8 - Solar Energy Initiatives Signs Definitive Agreement to Purchase Internet Digital Marketing Company
Announces Corporate Restructure
Solar Energy Initiatives, Inc. (OTCBB: SNRY), a diversified provider of solar solutions with two principal wholly owned subsidiaries focused on large-scale projects, announced that the company has signed a definitive agreement to purchase certain assets of a company focused in the digital internet marketing space. The asset purchase is scheduled to close no later than July 15, 2012.
Our plan of acquiring a leading media & data solutions provider which is focused on connecting their clients to a targeted audience across multiple sales, marketing and distribution channels gives the company a strong platform on which to launch our new business strategy into the explosive internet digital marketing space. We plan to leverage all digital media options to drive new customers, increase sales, and increase revenue to build shareholder value. The plan is to provide everything a business needs to successfully promote their business on the internet. Future plans include a merger and acquisition strategy to increase client base and company revenues. Future acquisitions are directed toward businesses involved in internet technology, enabled business processes, data, Internet marketing or e-commerce, and service businesses including web enabled software platforms.
"Solar Energy Initiatives has been working to recapitalize the company and seek out new growth opportunities in order to maximize shareholder value. The decision was made due to the reduction in value of its current solar business.
"The Company has been seeking an acquisition candidate in order improve the financial condition of the company to protect the interests of the shareholders," stated David Fann, Chief Executive Officer of Solar Energy Initiatives.
Solar Energy Initiatives Inc. (the "Company") recently filed a Certificate of Correction to its Certificate of Amendment to the Certificate of Incorporation (the "Certificate") to effect a reverse stock split of all outstanding shares of common stock at a ratio of 1 for 100 (the "Reverse Stock Split"). Fractional shares outstanding after the Reverse Stock Split will be rounded up to the next highest number of full shares. The Certificate was approved by the Board of Directors and shareholders holding a majority of the issued and outstanding shares of common stock.
FIRST TITAN CORPORATION (OTCBB: FTTN)
"Up 11.63% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/FTTN.php
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
FTTN News:
May 7 - Promising early production from a new horizontal well in Logan County, Okla., has First Titan Corp. (OTCBB: FTTN) increasingly excited about the potential for its own assets in the region.
Last month, one of FTTN’s competitors, Osage Exploration and Development, Inc. (OTCBB: OEDV) announced that the 72-hour Initial Production rate on its Wolf 1-29 horizontal well in Kay County, Okla., averaged over 1,185 BOE/D. The total production was composed of approximately 85 percent oil and 15 percent high BTU natural gas, and the average production during the first full 30 days on the Wolf was over 876 BOE/D.
The well was drilled to a vertical depth of 5,816 feet with a lateral bore length of 4,104 feet and was treated with a multi-stage hydraulic fracking job.
Osage’s highly encouraging preliminary results have increased FTTN’s expectations for its own horizontal well project in Logan County. Last month, the company acquired a working interest in a similar horizontal well known as Breaux #2 that is drilled to a vertical depth of 5,456 feet with a lateral bore length of 2,704 and which is being prepared for a completion with a multi-stage hydraulic fracking job.
The well sponsor, Bedford Energy, Inc., has had the Breaux #2 well engineered. The Petroleum Engineers reserve report based on wells close by shows proven reserves of 160,000 bbls of oil and 1.5 million mcf of natural gas, estimating potential production at more than $14 million worth of resources.
Bedford Energy estimates the well completion at between 30 and 60 days from funding, potentially providing a quick return on investment in the project.
First Titan Corp. is aggressively pursuing promising new oil and gas opportunities throughout the Southern U.S. Breaux #2 is FTTN’s fourth working interest in prospective domestic wells. The company has already acquired working interests in three new wells in Texas, Louisiana and Alabama this year.
PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX)
"Up 15.12% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PEIX.php
Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol's growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol's goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.
PEIX News:
May 8 - Pacific Ethanol, Inc. Extends and Increases Kinergy's Credit Facility With Wells Fargo
New Agreement Extends Term for Two Years, Lowers Interest Rate by 1.00% and Increases Line to Up to $40 Million
Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it has extended the credit facility of its subsidiary, Kinergy Marketing LLC. The renewal with Wells Fargo Capital Finance, LLC extends the term for an additional two years, lowers the stated interest rate by 1.00% and increases the maximum amount of the credit facility from up to $35 million to up to $40 million, which includes a $10 million accordion feature allowing an increase in the amounts available for borrowing, subject to certain conditions, to the full $40 million. The prior credit facility included an accordion feature of $5 million. In addition, the borrowing base of the credit facility includes the accounts of Pacific Ag. Products, LLC ("PAP"), the company's feed marketing subsidiary. The credit facility matures on December 31, 2015.
Neil Koehler, the company's president and CEO, stated, "The introduction of advanced ethanol blends, favorable ethanol blend economics and supportive government policies present new growth opportunities for Pacific Ethanol. The increased line of credit supports these growth opportunities while lowering our cost of capital. With the additional borrowing base from PAP, we are able to better utilize our feed business to add value to the consolidated enterprise."
Further details of the credit facility are available in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission today.
OPTIMUMBANK HOLDINGS INCORPORATED (NASDAQ: OPHC)
"Up 13.42% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/OPHC.php
OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides community banking products and services to individuals and corporate customers in Broward, Miami-Dade, and Palm Beach counties, Florida. Its deposit products include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, NOW accounts, and time deposits, as well as direct deposits. The company also provides residential and commercial real estate loans, and consumer loans to individuals and small businesses, and other organizations. In addition, it offers credit cards, cash management, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail services. Further, the company provides Internet banking services. It conducts operations from its Fort Lauderdale headquarters and three branch offices in Fort Lauderdale, Plantation, and Deerfield Beach. The company was founded in 2000 and is headquartered in Fort Lauderdale, Florida.
OPHC News:
May 1 - OptimumBank Holdings, Inc. Announces First Quarter Results and Improved Regulatory Capital Ratios
OptimumBank Holdings, Inc. (NASDAQ: OPHC), the parent company of OptimumBank, announced a net loss for the first quarter ended March 31, 2012 of approximately $.6 million, or $.03 per basic share, as compared to a net loss for the same period last year of approximately $1.2 million, or $1.41 per basic share. The 2012 first quarter loss increased from the previous quarter's loss of $53,000, primarily due to an $.8 million credit for loan losses recorded in the December 2011 quarter as compared to a $27,000 provision recorded in the March 2012 quarter. Chairman Moishe Gubin noted, "Our results show marked improvement from the same period in the prior year due to our implementation of effective cost control measures. Our net interest income before provision for loan losses for the March 2012 quarter compared to the December 2011 quarter, increased by approximately 9% to $.7 million, and our noninterest expenses declined by approximately 23% to $1.2 million."
During the first quarter, non-performing assets decreased by approximately $.4 million to $35.9 million at March 31, 2012. Chairman Gubin commented, "Based on scheduled closings in the second quarter, we expect disposals of our problem assets in the second quarter to outpace our first quarter reductions."
The Company's capital position this quarter improved significantly with $1.8 million in new capital added from further sales in the Company's private placement stock offering which commenced in 2011. Chairman Gubin noted, "With almost $10.4 million in new capital, we are now in excess of all our regulatory capital requirements with a tier one leverage capital ratio of 9.16% and a total risk-based capital ratio of 13.20%."
During the first quarter of 2012, OptimumBank installed new business banking software to attract new commercial deposit customers with lower cost deposits. The Bank's lending pipeline continues to grow and increased loan originations are expected during the second quarter of 2012. Chairman Gubin noted, "We are successfully implementing our current strategy of containing costs, increasing loan originations, reducing problem assets, reducing our cost of funds, and augmenting capital. With signs of an improving economy, we expect 2012 to be a pivotal year in our return to profitability."
The Company offers a wide array of lending and retail banking products to individuals and businesses in Broward, Miami-Dade and Palm Beach Counties through its executive offices and three branch offices in Broward County, Florida.
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