For Thursday, November 10th
ELAN, UNDT, COWI, ACLO, CMGR, NEGSD
Our Stocks to Watch tomorrow include eLandia International Inc. (OTCBB: ELAN), Universal Detection Technology Inc. (OTCBB: UNDT), CoroWare Inc. (OTCBB: COWI), ACL Semiconductors Inc. (OTCBB: ACLO), Camelot Entertainment Group Inc. (OTC: CMGR) and NX Global Inc. (OTCBB: NEGSD).
ELANDIA INTERNATIONAL INCORPORATED (OTCBB: ELAN)
"Up 350.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ELAN.php
eLandia International Inc., through its subsidiaries, provides information and communications technology products and services to small, medium-sized, and large businesses, as well as government entities and service providers. It offers technology solutions comprising network infrastructure solutions; cloud solutions, including virtualized desktop infrastructure solutions, private cloud solutions, data center infrastructure, and business continuity services; and virtual workspace solutions consisting of enterprise collaboration, video empowered communications, customer interaction, and mobile workspace. The company also provides business practice solutions, such as critical infrastructure protection, smart+connected communities, and education as a service; and professional services comprising design and build, operate and optimize, and technology transfer. In addition, it offers mobile communications, Internet, and cable television services in American Samoa under the Bluesky Communications brand, as well as provides high-speed networking connections. The company serves financial services, telecommunication, government, education, manufacturing, and media organizations primarily in Argentina, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Venezuela, and the United States, as well as south Pacific. It has strategic alliance agreement with Amper, S.A.; and Medidata Informática, S.A. The company was founded in 2001 and is headquartered in Miami, Florida. eLandia International, Inc. operates as a subsidiary of Amper SA.
ELAN News:
November 8 - eLandia International Announces Going Private Transaction
eLandia International Inc. (OTCBB: ELAN), a leading Latin American networking company, announced that a special committee of its board of directors has received and approved a formal proposal from Amper, S.A., the holder of 85% of eLandia’s common stock, to take eLandia private.
Pursuant to the proposal, eLandia would effect a 1-for-150,000 reverse stock split of its common stock. Any shareholder holding less than one share following the reverse stock split will receive $0.65 in cash for each eLandia share held prior to the reverse stock split. As a result of the reverse stock split, it is expected that the number of beneficial shareholders of eLandia common stock will be reduced below 300 allowing the Company to deregister as a publicly reporting company under applicable Securities and Exchange Commission (“SEC”) regulations.
The eLandia board of directors had previously formed a special committee comprised of all independent directors to evaluate the Amper proposal as well as third party alternatives. The special committee retained a financial advisor to assist it in, among other things, evaluating Amper’s proposal as well as evaluating other proposals. The consummation of the going-private transaction is subject to certain conditions including review and approval of definitive documentation and the receipt by the special committee of a final fairness opinion from its financial advisor.
Prior to consummating the reverse stock split, eLandia will file an information statement and a Schedule 13E-3 transaction statement with the SEC setting forth additional information regarding the reverse stock split and the proposed going-private transaction. The Company’s shareholders are advised to read such filings when made available. It is expected that the Company will effect the reverse stock split, deregister its common stock and terminate its reporting obligations with the SEC in early 2012.
Amper has proposed to enter into agreements with each eLandia shareholder holding more than 150,000 shares of common stock pursuant to which such exchanging shareholders will receive 0.1265 shares of Amper stock in exchange for each share of eLandia common stock held prior to the reverse stock split. This exchange ratio is based on a market value of Amper stock of €3.68 per share. In the event the market value of the Amper shares is less than €3.68 on the second anniversary of the exchange, the exchanging shareholder will be entitled to receive additional Amper shares so that the market value of Amper shares issued and held in respect of each exchanged eLandia share shall have a market value equal to €3.68. The shares of Amper to be issued to the exchanging shareholders will be freely tradable on the Madrid stock exchange and will be subject to certain contractual lock-up provisions.
“We believe that in the current financial, business and industry environments, it is in the best interests of the Company to be privately held,” said Harley L. Rollins, CEO of eLandia. “We believe that this transaction provides fair value to our existing shareholders and will allow the Company to reduce costs substantially and streamline operations.”
UNIVERSAL DETECTION TECHNOLOGY (OTCBB: UNDT)
"Up 50.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/UNDT.php
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the company, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products.
UNDT News:
October 19 - Universal Detection Technology Announces Development of Smart Phone Compatible Radiation Detector
Device to Communicate Radiation Readings With Smart Phones
Universal Detection Technology (OTCBB: UNDT), a developer of early-warning monitoring technologies to protect against biological, chemical, radiological, and nuclear (CBRN) threats, announced today that it has started developing a smart phone compatible radiation detector. The device will be able to read radiation levels and to communicate the results with smart phones such as Apple's iPhone.
The device is being developed in response to the needs of the Company's current and potential customers to have the ability to capture radiological data on a smartphone to be saved, analyzed, and immediately uploaded to any distribution channel. The Company is working to launch the device in the second quarter of 2012. Once completed, the Company plans to make the device available in the United States, Japan, and other countries as well. The initial development of the device has been focused on making it "blue tooth" compatible with Apple's iPhone although the Company expects to add other smartphone platforms in the future.
The Company cannot assure that it will successfully develop the device in the anticipated time frame for development, if at all, due to any number of factors including software of other scientific difficulties, lack of funding, or abandonment of the project, if customer demand diminishes substantially.
COROWARE INCORPORATED (OTCBB: COWI)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/COWI.php
CoroWare, Inc., through its subsidiary, CoroWare Technologies, Inc., delivers custom engineering services, hardware and software products, and subscription services in North America, Europe, Asia, and the Middle East. It operates in three businesses: CoroWare Business Solutions, Robotics and Automation, and Enterprise Collaboration Solutions. The CoroWare Business Solutions business provides information technology and lab management; software architecture, design, and development; content delivery; and partner and program management. The Robotics and Automation business offers custom engineering, such as visualization, simulation, and software development; and mobile robot platforms for university, government, and corporate researchers. The Enterprise Collaboration Solutions business provides collaboration and conferencing products, solutions, and subscription services. The company was formerly known as Innova Robotics & Automation, Inc. and changed its name to CoroWare, Inc. in April 2008. CoroWare, Inc. is based in Kirkland, Washington.
COWI News:
August 18 - CoroWare to Hold Special Meeting of Stockholders on September 9, 2011
CoroWare, Inc. (OTCBB: COWI) wishes to inform its shareholders that the Special Meeting of Stockholders of CoroWare, Inc. will be held on September 9, 2011 at 11:00 A.M. Pacific Time at The Heathman Hotel, 220 Kirkland Avenue, Kirkland, Washington 98033.
The Special Meeting of Stockholders will be held to effect a reverse stock split of the issued and outstanding shares of the Company's $0.001 par value common stock at any time prior to October 30, 2011 at a ratio of up to one-for-twenty (1:20) (Proposal 1).
The meeting date was changed from August 19, 2011 to September 9, 2011 in order to give shareholders sufficient time to submit their proxy votes and to ensure that a shareholder quorum will be sufficiently met.
ACL SEMICONDUCTOR INCORPORATED (OTCBB: ACLO)
"Up 76.19% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ACLO.php
ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and Southern China markets. The memory chips are used in everything from mobile phones, digital cameras and laptop computers to MP3 players and Wi-Fi products.
ACLO News:
October 17 - ACL Semiconductors Provides Results of 2011 Shareholder Meeting
ACL Semiconductors Inc. (OTCBB: ACLO), a leading China-based distributor of Samsung memory components in Hong Kong and Southern China, today provided results of its 2011 annual shareholder meeting.
ACL 2011 Shareholder Meeting Summary
- Re-election of Directors Chung-Lun Yang, Kenneth Lap Yin Chan, Kun Lin Lee, Man Sing Lai, Ho Man Yeung, Wing Sun Leung, and Hung Ming Joseph Chu to serve until 2012 Annual Meeting. Each director received 22,859,087 votes, and 15,102 votes were withheld.
- Ratified the appointment of Albert Wong & Co. as the Company's independent auditors for 2011 fiscal year. A total of 23,954,003 shares were voted for ratification and 502,842 shares were voted against.
CAMELOT ENTERTAINMENT GROUP INCORPORATED (OTC: CMGR)
"Up 16.67% on Wednesday"
Detailed Quote: www.otcpicks.com/quotes/CMGR.php
Camelot Entertainment Group, Inc. is a US publicly traded company with four divisions: Camelot Film Group, Camelot Distribution and DarKnight Pictures, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Camelot is a member of the Independent Film & Television Alliance (IFTA).
CMGR News:
November 7 - Camelot to Focus on Distributing 12 New Pics Annually
Camelot Distribution Group Continues to Add Film and Television Titles to Its Core Film Library
Camelot Entertainment Group, Inc. (OTC: CMGR) ("Camelot") announced that its Camelot Distribution Group ("CDG") subsidiary plans to select up to 12 new features annually for worldwide distribution, while continuing to bolster its core library through the acquisition of additional library titles and the acquisition of one or more distribution companies which will complement CDG and its genre division, DarKnight Pictures ("DKP").
"We are looking to acquire independent, commercially driven features that have the opportunity to have a worldwide impact," stated CDG Co-President Jessica Kelly. "In addition, we want to continue to add proven titles to our core library that fit into our business model."
CDG will also continue to be a distributor for the recently divested Liberation Film Library, which represented only a portion of the Company's film library. That transaction did not include non-Liberation Film Library titles, including CDG titles such as 'Norman', 'The Perfect Game', 'A Warriors Heart', 'The Gundown', 'Skateland', 'Wiener Dog Nationals', 'Fink', 'Who is KK Downey' and 'Next of Kin'; nor did it include DKP titles such as 'Samurai Avenger', 'First Strike', 'Screwball: The Ted Whitfield Story', 'Never Sleep Again', 'Nude Nuns with Big Guns', and 'National Lampoon's Dirty Movie', among other titles.
"We want to focus on selecting up to 12 new titles annually, so that we can devote all of our resources to making sure that each title we select has the best opportunity to succeed in a very competitive marketplace," Kelly added. "Our relationship with our producing partners is very important to us. It is also critical for us to maintain and expand our core library with proven library titles so we can continue to meet the content requirements of the buyers."
NX GLOBAL INCORPORATED (OTCBB: NEGSD)
"Up 38.89% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/NEGSD.php
NX Global, Inc. engages in renewable energy activities in the United States. It operates in three divisions: Renewable Energy Project Management, Renewable Energy Product Sales, and Green Internet Technologies. The Renewable Energy Project Management division provides project management and marketing services to solar/thermal, bio-fuels, and waste to energy project owners. Its projects include bio-fuel from algae and from pyrolisis of tires, pyrolisis of municipal solid waste to energy, and combination operations of solar/thermal and animal waste pyrolisis. The Renewable Energy Product Sales division markets products produced from the other divisions, such as algae oil for fuel and its biomass for nutraceutical and animal feed to recyclers and other businesses, as well as lighting and water systems for commercial structures. The Green Internet Technologies Service and Training division offers green social networking products and services, and training for new technology development and certification in the virtualization and cloud computing markets. The company was founded in 1995 and is based in Austin, Texas.
NEGSD News:
October 27 - NX Global, Inc. Announces Corporate Action
NX Global, Inc. (OTCBB: NEGSD) announced that a reverse split of its common stock 1:100 will be effective at the market open October 28, 2011 and trade under the symbol NEGSD for twenty business days before reverting to NEGS.
The company also announced that a joint venture previously announced with the United Women's Football League was terminated by the company.
NX Global, Inc. is negotiating for joint ventures and acquisitions with "green" businesses and products. These agreements are expected to be completed in November.
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