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MSLP, SGOC, DLGC, BCND, ICPA, LQMT
Our Stocks to Watch today include MusclePharm Corp. (OTCBB: MSLP), SGOCO Group Ltd. (NASDAQ: SGOC), Dialogic Inc. (NASDAQ: DLGC), Beacon Redevelopment Industrial Corp. (OTC: BCND), IC Places Inc. (OTCBB: ICPA) and Liquidmetal Technologies Inc. (OTCBB: LQMT).
MUSCLE PHARM CORPORATION (OTCBB: MSLP)
"Up 40.59% on Friday"
Detailed Quote: www.otcpicks.com/quotes/MSLP.php
Headquartered in Denver, Colorado, MusclePharm is a healthy life-style company that develops and manufactures a full line of National Science Foundation approved nutritional supplements that are 100% free of banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than one hundred elite professional athletes from various professional sports leagues including the National Football League, Mixed Martial Arts, and Major League Baseball. The Company's products address all categories of an active lifestyle, including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MusclePharm is sold in over 120 countries and available in over 5,000 U.S. retail outlets, including GNC and Vitamin Shoppe. MusclePharm products are also sold in over 100 online stores, including bodybuilding.com, Amazon.com and Vitacost.com.
MSLP News:
April 18 - MusclePharm Provides Update on Corporate Initiatives
MusclePharm Corporation (OTCBB: MSLP), a Nevada corporation ("MusclePharm" or the "Company") and expanding U.S. nutritional supplement company, provided an update regarding to its business and corporate activities.
The Company is finalizing agreements with two top U.S. retail chain stores to supply MusclePharm supplements and its MMA Elite branded product. These two chains have more than 9,000 stores combined nationwide. In addition to its recent entry into Canada, MusclePharm is utilizing capital to expand sales and distribution into international markets, initially focusing on the European Union, the United Kingdom, Brazil and the Middle East.
The Company's Board of Directors met on Tuesday April 17, 2012 at company headquarters in Denver. Jeremy Deluca, president and chief marketing officer, and John Bluher, executive vice president and chief operating officer, attended the meeting. The Board of Directors has resolved or adopted the following measures:
* To establish a five member board, with three independent directors, by no later than May 31, 2012. Board invitation letters and directors and officers questionnaire forms were approved;
* Charters for the Compensation Committee, Audit Committee, Nominating and Corporate Governance Committee;
* A new stock trading policy for employees and contractors was adopted;
* A hotline policy was adopted;
* Corporate Governance guidelines and a Code of Ethics were adopted;
* An audit pre-approval policy for the Audit Committee was established; and
* A form for an Omnibus 2012 Employee Stock Incentive Plan and forms of performance-based awards were adopted.
The Board engaged Strategic Apex Group, LLC of Los Angeles, an executive and board compensation consulting firm, to review, analyze and compare MusclePharm's executive compensation policies and structure with competitors and industry peers. As part of the engagement, Strategic Apex Group has been tasked with devising a new plan that fairly compensates the Company's executives based on performance and provides long-term incentives, grows executive ownership and aligns compensation with growth of margins and net income.
The Company said that senior executives Brad Pyatt, Cory Gregory, and Jeremy Deluca have agreed to release their current compensation agreements, which were entered into last year, and execute new agreements effective May 1, 2012 for the current year. Strategic Apex Group will provide analysis on a market based compensation plan to implement for the Company's executives.
"We now have a business plan, capital plan and corporate plan in place for 2012 that reflect the Company's current stage of growth and development," said John Bluher, chief operating officer of MusclePharm. "We are not only focused on growing our business but also moving as effectively as possible to qualify for listing on a national stock exchange. The recently announced retirement of all of our convertible notes, combined with the addition of several new customers and the Board's recent actions have rapidly moved the Company toward achieving our goals."
SGOCO GROUP LIMITED (NASDAQ: SGOC)
"Up 85.13% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/SGOC.php
SGOCO Group, Ltd. is focused on building its own brands and retail distribution network in the flat panel display market, including LCD/LED monitors, TVs, and application specific products. With a network of hundreds of SGOCO Image branded retail partners, the Company is rapidly expanding in China’s tier 3 and tier 4 cities. By providing international standard quality products at competitive prices, the Company believes it is well positioned to take advantage of the emergence of China’s new consumer culture.
SGOC News:
No recent news for SGOCO Group Ltd. (NASDAQ: SGOC).
DIALOGIC INCORPORATED (NASDAQ: DLGC)
"Up 47.78% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/DLGC.php
Dialogic develops products and technologies that enable operators to provide — and subscribers to enjoy — an enhanced mobile experience. Whether our products are used in mobile value-added service solutions or to transform, connect and optimize communications services, Dialogic understands that mobile experience matters. Our technology touches over two billion mobile subscribers a day and our network solutions carry more than 15 billion minutes of traffic per month.
DLGC News:
April 12 - Dialogic Announces a $39.5 Million Debt Exchange
Dialogic Inc. (NASDAQ: DLGC), a leading provider of communications technologies that power advanced networks, announced today that it has signed securities purchase agreements with a broad group of its largest existing shareholders and their affiliates. Under the terms of the securities purchase agreement, the purchasers have been issued convertible notes in the amount of $39.53 million in exchange for debt and term loan pre-payment premiums. The convertible notes will be converted into common shares in Dialogic Inc. (“Company”) upon stockholder approval, which is expected at the June stockholder’s meeting.
All debt and loan pre-payment premiums covered by the convertible notes will be exchanged at the rate of $1.00 per share of common stock with the exception of $2.96 million representing interest from the first quarter of 2012 that was not paid in cash, was added to principal and will now convert at the rate of $0.87 per share of common stock.
Upon the conversion of the convertible notes into common shares following stockholder approval, the Company expects to reduce the principal of its long-term debt held by Tennenbaum Capital Partners, LLC and certain of its affiliates from $92.83 million to $59.88 million, to eliminate its related party long-term debt of $5.07 million and to increase its common shares outstanding from 31.48 million to approximately 71.45 million. Consistent with the reduction in debt, the Company expects to reduce its 2012 quarterly cash interest by $2.60 million or $10.60 million annually.
BEACON REDEVELOPMENT INDUSTRIAL CORP. (OTC: BCND)
"Up 122.22% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/BCND.php
Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices. The properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential. The company also seeks, along with the above formentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Please visit the company's Web site at www.beaconredevelopment.com for all the latest information and updates.
BCND News:
April 20 - Beacon Redevelopment Industrial Corporation Appoints New President and Chief Operating Officer
Beacon Redevelopment Industrial Corporation (OTC: BCND) announced that it has appointed Frank Castellano as President and Chief Operating Officer.
Mr. Castellano's first order of business will be to evaluate the company's current assets and disposition. Once the evaluation is completed, the company will then proceed via a fast track program to implement a plan of action.
"The company has been sitting dormant on some extremely valuable assets without producing any results, and it is my job to review and determine the proper course of action that will gain significant financial results," said Mr. Castellano, President and Chief Operating Officer.
IC PLACES INCORPORATED (OTC: ICPA)
"Up 79.78% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/ICPA.php
IC Places owns and operates 350 city news and entertainment websites. Each IC Places city website offers a virtual keyhole view of life in each community. Every unique aspect of a city's social, business, and cultural life is available right at each city's IC Places homepage. IC Places provides the entire community a place to talk, do business and get connected. Businesses are given amazing tools to tell their stories in the best way possible and visitors get unfettered access to businesses, events and people in each city.
ICPA News:
April 20 - Shark Tank Champion Partners With IC Places to Take Visitors Beyond the Velvet Ropes
IC Places, Inc. (OTCBB: ICPA) announces it has formed a strategic partnership with EzVip.com to offer www.icplaces.com visitors direct access to the hottest night clubs and best events around world.
EzVip.com gained National attention when Founder and CEO, Alashe Nelson, pitched his start up company on this year's season premiere of ABC's Shark Tank.
The show features entrepreneurs Mark Cuban (Dallas Mavericks owner), Daymond John (founder of FUBU clothing line), Kevin O'Leary (educational software), Barbara Corcoran (real estate) and Robert Hejavec (technology security), who try to outbid each other to invest their own money in unique businesses.
During the show, Nelson received a funding offer from Hejavec and O'Leary, who teamed up, but in the end accepted an offer from Cuban and John.
"I met Al during his recent trip to LA where he was inking deals for his West Coast expansion. We both saw the instant synergy," said IC Places President, Steve Samblis. "Teaming up with Mark Cuban and Daymond John, Al has created the OpenTable (OPEN - OpenTable Inc (NASDAQ)) of night clubs. "We have Night Life sections in all of our 350 city websites. The partnership with EzVip.com will allow us to generate significant revenues from those sections."
Under the agreement EzVip.com will pay IC Places a percentage of each booking it generates. IC Places Night Life sections will offer direct links to reserve tables at the best clubs in each city using the EzVip.com engine.
The two companies will grow together as EzVip.com expands into new cities.
"We are very excited to be working with IC Places. Having IC Places as a partner in our expansion gives us pre-positioned placement in cities as we grow," said Alashe Nelson, CEO of EzVip.com. "We will be able to tap into IC Places current visitor base and expand our reach though their sites. It also gives IC Places the ability to monetize site visitors in a new way."
ABOUT EZVIP.COM
EzVip.com provides access and convenience to their customers by allowing them to pre-purchase their night out to the best events in the world directly through their computer or mobile device. The company began with nightlife events, and has expanded into other notable experiences. The company prides itself in only partnering with the best organizations in order to give their customers an experience they would not be able to obtain elsewhere.
LIQUIDMETAL TECHNOLOGIES INCORPORATED (OTCBB: LQMT)
"Up 41.33% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/LQMT.php
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of bulk alloys and composites, that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.
LQMT News:
March 30 - Liquidmetal® Technologies Reports Annual Revenue of $1 Million for the Year Ended 2011
Liquidmetal® Technologies Inc. (OTCBB: LQMT) announced its financial results for the three months ended and year ended December 31, 2011. The Company reported revenues of $0.25 million and $1 million for the fourth quarter ended and year ended December 31, 2011, respectively. Furthermore, the Company closed out the fourth quarter with an operating loss of $1.7 million and $6.5 million for the year end.
Mr. Tom Steipp, President and CEO, commented, “Liquidmetal Technologies has reached an important milestone enabling it to realize the benefits of its partner relationships. By the end of 2011, we are now able to source alloy feedstock from Materion, process our alloys using next generation molding machines from Engel and manufacture commercial parts at our contract manufacturer, Visser Precision Cast. Looking forward, we will be working with our partners to scale up these production capabilities while engaging with customers in aerospace, medical, sporting goods and other industries.”
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