OTCPicks.com

Stocks to Watch 10-12-11

For Wednesday, October 12th

TTIN, DOGO, CMGR, BBND, MVTG, CDTI

Our Stocks to Watch tomorrow include TTI Corp. (OTCBB: TTIN), Digagogo Ventures Corp. (OTCBB: DOGO), Camelot Entertainment Group Inc. (OTCBB: CMGR), BigBand Networks Inc. (NASDAQ: BBND), Mantra Venture Group Ltd. (OTCBB: MVTG) and Clean Diesel Technologies Inc. (NASDAQ: CDTI).

TRANSFER TECHNOLOGY INTERNATIONAL (OTCBB: TTIN)
"Up 237.50% on Tuesday"

Detailed Quote: http://www.otcpicks.com/quotes/TTIN.php

Transfer Technology International Corp. acquires, procures and/or funds research, intellectual property and technologies for commercial transfer to world-class business partners. The company generates revenue from transfer fees, licensing and strategic alliance fees and from the sale of intellectual properties. TTI also owns and operates two wholly owned subsidiaries, Organic Products International and X-Terminate Inc. which specialize in the distribution of Eco-friendly organic products and low impact pest control services.

TTIN News:

September 22 - Transfer Technology International Corp. CEO Welcomes Aggressive Short Selling Position in Record Volume Trading Week

TTI Corp. (OTCBB: TTIN) announced that it has successfully filed its 10QA in XBLR format as required by the SEC for BB listed companies and higher to stay fully compliant; and settles a major legal judgment.

Chris Trina, Chairman and CEO stated, "One of our goals for 2011 was to remain fully SEC compliant and current in our financial filings as a bulletin board listed company. I'm not sure if the average investor or shareholder understands the time and money involved with auditors, accountants and lawyers to remain a listed and viable BB company but it's not cheap and many small companies have either fallen into the non-reporting pink sheet market or have completely went bankrupt. My goal as CEO is to make sure neither of the above happens to TTI Corp. Investors reach out to me on a daily basis asking what am I doing as CEO and how are things at TTI Corp.? I assure them that I am fighting the good fight to stay afloat in an amazingly difficult economy and market and also staying extremely busy in doing what it takes to stay current in our SEC filings and in settling our outstanding legal overhang issues as well. The proof is the pudding that we are getting results in those critical areas."

Trina also stated, "Yesterday I reached an agreement to settle another legal matter with one of our outstanding judgments against TTI Corp. The details and terms of this agreement are confidential for another week or two but I am pleased with these terms overall and very excited to have the second legal settlement completed in the last couple of months." Trina went on to say, "I have been approached numerous times this year by new investors and M&A groups but after performing due diligence everybody tells me the same exact thing, get the legal matters settled first or we can't touch your company. As CEO it's my job to increase shareholder value however possible so I am full time with these legal settlements right now and continuing to run our pest control business which continues to generate nice sales and has allowed TTI Corp. to stay the course."


DIGAGOGO VENTURES CORPORATION (OTCBB: DOGO)
"Up 61.54% on Tuesday"

Detailed Quote: http://www.otcpicks.com/quotes/DOGO.php

Digagogo Ventures Corp. Digagogo is developing a digital sales and distribution network designed to connect households together and enable individuals to buy or sell items within a local community. Digagogo believes that this can be achieved by harnessing the power of local group buying and instantaneous knowledge of supply and demand within that community.

DOGO News:

October 3 - Digagogo Ventures Corp. Announces Revenue From the Sale of Its First License

Digagogo Ventures Corp. ("Digagogo" or the "Company") (OTCBB: DOGO), a provider of information and communications technology, grants its flagship license to Red Deer DogoNet.

The license grants the licensee a turnkey infrastructure with the use of DogoSearch, DogoNet & DogoPay, developed and maintained by Digagogo.

DogoSearch is a regionally specific advertising and search engine that allows local businesses to publish promotions and product information in real time. It operates in conjunction with The DogoNet, which empowers households with virtual storefronts where they can buy, sell and communicate with one another, essentially creating a collective local distribution network. DogoPay, a secure payment method managed by The DogoCenter, ensuring accurate and secure payments, facilitates transactions made on the DogoNet. The licensee is granted the know-how, technology, branding and plans to become the economic conduit for any selected geographical region. All of these activities will be overseen at The DogoCenter, built in the hub of the community, offering the public state of the art technology coupled with business leadership to build a sustainable community, combining Media Center, Educational Center, and Dispatch & Logistics.

Red Deer DogoNet is the first of many license agreements anticipated to be executed by Digagogo. The purchase of this license marks the commencement of revenue for Digagogo Ventures Corp. The terms are as follows:

A) An initial license fee of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00), payable as follows:

(i) $50,000.00 license fee upon execution, which has been received; and

(ii) $450,000.00 on or before the 30th day following execution of the Agreement; and

B) Fees for technical support, consulting, and training services will be provided to Red Deer DogoNet payable monthly to Digagogo.

C) An ongoing royalty fee equal to FIVE PERCENT (5%) of the gross revenues of the Sub licensee payable on the 3rd business day of each month in respect of the gross revenues for the prior calendar month.

Red Deer DogoNet has already leased office and warehouse space to launch The DogoCenter in Red Deer County, which is located in the heart of Alberta, Canada. President Carman Bessey states: "Conservatively speaking, $100,000,000 is already being spent on advertising, promotion and marketing within the Red Deer County area. Our goal is to achieve 30% of the $100,000,000 that is being spent for promotion, advertising and marketing. We plan to achieve this $30,000,000 by working with up to one hundred sales and marketing personnel to educate, market and integrate the local community and businesses, using these state of the art technologies DogoNet & DogoSearch. By joining forces with business leaders, business and households offering majors savings to the local community, we will work together in building a sustainable economy."

This unique working business model has attracted many other potential communities throughout North America. The State of Michigan, Detroit and surrounding areas have expressed extreme interest in purchasing potential licenses. Detroit is home to Digagogo's Head Office and also Impact Network, a telecommunications company dedicated to producing and broadcasting inspirational and informative television programming. Digagogo and Impact Network will work together to develop a comprehensive imaging campaign to increase consumer awareness of products offered by Digagogo, creating employments adding family values and entrepreneurship at the core of the campaign.

Digagogo's Chairman, Fernando Londe, is tremendously excited with the breakthrough in the company, and that this breakthrough will generate revenues, which will create employment, stimulate local business, and be the foundation for economic sustainability. He states, "We have found a niche in the marketplace in design and a business model that offers unique solutions in today's economy. By utilizing Digagogo's state of the art technologies creating new jobs that DogoCenters offers education and guidance in regions across the world, we will build a sustainable future for generations to come."

ABOUT DOGOCENTER

DogoCenter offering the public state of the art technology coupled with business leadership to build a sustainable community, combining Media Center, Educational Center, and Dispatch & Logistics, providing technical support and training for DogoNet & DogoSearch.

ABOUT DOGOSEARCH

DogoSearch is a real-time search engine, integrated into Digagogo's DogoNet product. DogoSearch is a live, searchable directory of business information that will enable any member in the community to find time-sensitive, local information and events regarding product sales, specials and promotions.

ABOUT DOGONET

Digagogo's DogoNet product has the ability to empower every household with a virtual portal, which contains cutting edge features. This customizable virtual portal has the potential to give households the ability to buy, sell, share, promote family values, earn extra household income, and provide leveraged buying power. The virtual portal is user friendly, and offers a high degree of security, confidentiality and privacy.


CAMELOT ENTERTAINMENT GROUP INCORPORATED (OTC: CMGR)
"Up 42.86% on Tuesday"

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:

October 11 - 'NORMAN' Hits AMC Theatres October 21

Camelot Title, Starring Richard Jenkins, to Be Released Theatrically by AMC

Independent Camelot Entertainment Group, Inc. (OTCBB: CMGR) ("Camelot") and Camelot Distribution Group ("CDG") announced today that NORMAN, directed and produced by Jonathan Segal, will be released theatrically through AMC Independent on October 21 in New York, Los Angeles, Chicago, Boston, Seattle, and Spokane before expanding nationwide.

The film stars Dan Byrd ("Cougar Town," Easy A, "Heroes"), Emily VanCamp ("Revenge," "Brothers and Sisters"), Academy Award nominee Richard Jenkins (The Visitor, Step Brothers) and Adam Goldberg (Saving Private Ryan, A Beautiful Mind) and has received numerous awards on the festival circuit, including the Silver Hugo New Directors Competition at the Chicago International Film Festival.

"'NORMAN' takes its audience through a broad spectrum of emotions yet is ultimately uplifting and optimistic and speaks to all ages, so we're excited for the general public to finally have access to it," stated Segal. "The film, like 50/50 and 'The Big C,' touches on subject matter that unfortunately and sadly plays a role in so many people's lives. I also hope the film will be used to help amplify the conversation about the hidden issue of teen depression and suicide."

The film's soundtrack, featuring original score by Andrew Bird, Wolf Parade, Chad VanGaalen, and The Blow with Richard Swift, is due out October 11 on Mom + Pop Records.

NORMAN tells the story of Norman Long (Byrd), a self-aware and darkly funny teen who is trying to handle his daily high school exercise. An unexpected set of life-changing circumstances turns his world upside down and then ultimately right side up as he meets the magnetic Emily (VanCamp).

CDG holds the right internationally and screened the film in Cannes this past May.


BIGBAND NETWORKS INCORPORATED (NASDAQ: BBND)
"Up 74.80% on Tuesday"

Detailed Quote: http://www.otcpicks.com/quotes/BBND.php

BigBand Networks provides broadband service providers with innovative digital video networking solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are built to enable efficient and reliable delivery across a wide range of services, including digital TV, high definition TV, advanced advertising, IPTV, video-on-demand and interactive TV. BigBand has done business with more than 200 customers in North America, Asia and Europe — including eight of the ten largest cable and telco service providers in North America. BigBand is based in Redwood City, Calif., with offices worldwide.

BBND News:

October 11 - ARRIS Agrees to Acquire BigBand Networks in all Cash Transaction

Building Leadership in Video Networking

ARRIS Group, Inc.  (NASDAQ: ARRS) and BigBand Networks (NASDAQ: BBND) announced that they have entered into a definitive agreement whereby ARRIS will acquire BigBand Networks for a purchase price of $2.24 per share in cash. This equates to a diluted equity value of approximately $172 million, or $53 million net of estimated BigBand cash on hand.

With the addition of BigBand's experienced employees, this acquisition further extends ARRIS' capabilities in the processing, management and distribution of digital video content and represents an important acquisition of innovative technologies and significant R&D investments that are expected to accelerate time-to-market and increase opportunities for ARRIS in several fast growing product areas. These include the Converged Cable Access Platform (CCAP) architecture defined by CableLabs®, Local and Targeted Advertising, IP Video Distribution, and Advanced Video Processing and Compression.  BigBand's valuable patent portfolio, coupled with their expertise in digital video networking will enhance ARRIS' technological leadership as service providers move to an all IP Converged Network Architecture.

Upon closing, ARRIS anticipates rapidly optimizing BigBand's financial performance through meaningful operating synergies such as the elimination of public company costs and the alignment of sales, marketing, and R&D initiatives. ARRIS also anticipates that the transaction will be neutral to accretive on a non-GAAP basis for ARRIS shareholders by mid-2012 and will offer upside potential thereafter by addressing upcoming video network evolution opportunities with a more complete offering.

"We are both enthusiastic and optimistic about the BigBand acquisition because it builds on our stated business strategy of growing our current businesses into a more complete portfolio including a strong video product suite and investing in the evolution towards network convergence onto an all IP platform," said Bob Stanzione, ARRIS Chairman & CEO.  "In addition, the acquisition offers new opportunities to expand our customer base worldwide. We are delighted to welcome the BigBand employees to ARRIS."

"The BigBand team is proud of its accomplishments over the last 12 years in developing innovative products that enable the transmission of digital television to consumers around the world," said Amir Bassan-Eskenazi, BigBand President and CEO. "We are excited to see this legacy live on and generate broader opportunities with continued innovation in media processing as part of the world-class product and service offerings provided by the ARRIS organization."

The acquisition will be conducted by means of a tender offer for all of the outstanding shares of BigBand, which is expected to commence within ten business days and will be subject to customary closing conditions, including the acquisition by ARRIS of a majority of BigBand's shares and the receipt of antitrust clearance in the United States if applicable.

The board of directors of BigBand has unanimously recommended that the shareholders of BigBand accept the offer.  Redpoint Ventures and ValueAct Capital Partners, holders of 32% of the outstanding shares of BigBand, have agreed to tender their shares in the offer and to vote their shares in favor of the merger agreement and against any other transaction, subject to the provisions of the agreement. Completion of the transaction is expected to occur in late 2011.

UBS Investment Bank is acting as exclusive financial advisor and Troutman Sanders LLP is acting as legal counsel to ARRIS on this transaction. Centerview Partners, LLC is acting as the exclusive financial advisor and Wilson Sonsini Goodrich & Rosati, P.C. is acting as legal counsel to BigBand on this transaction.

ABOUT ARRIS

ARRIS is a global communications technology company specializing in the design, engineering and supply of technology supporting triple- and quad-play broadband services for residential and business customers around the world. ARRIS supplies broadband operators with the tools and platforms they need to deliver converged IP video solutions, carrier-grade telephony, demand driven video, next-generation advertising, network and workforce management solutions, access and transport architectures and ultra high-speed data services. Headquartered in Suwanee, Georgia, USA, ARRIS has R&D centers in Suwanee, GA; Beaverton, OR; Lisle, IL; Kirkland, WA; State College, PA; Wallingford, CT; Waltham, MA; Cork, Ireland; and Shenzhen, China; and operates support and sales offices throughout the world.

MANTRA VENTURE GROUP LIMITED (OTCBB: MVTG)
"Up 66.67% on Tuesday"

Detailed Quote: http://www.otcpicks.com/quotes/MVTG.php

Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.

MVTG News:

October 10 - AlumiFuel Power, Inc. Makes Further Advancements in Its Portable Power System Development

Mantra Gives PCT Patent Update

Mantra Venture Group Ltd. (OTCBB: MVTG) (Frankfurt: 5MV) ("Mantra")  announced that its flagship carbon utilization technology known as the Continuous Co-Current Electro-Chemical Reduction of Carbon Dioxide (ERC) PCT# WO 2007/041872 A1, has advanced to the examination phase in the process for world-wide patent recognition.  The United States of America, Australia, Europe, China, and India have all commenced the examination process.

"We are excited to give our shareholders an update on our patent application.  This represents the next step in getting our leading edge technology recognized by patent offices worldwide," stated Larry Kristof, President and CEO of Mantra.

ERC, the Continuous Co-Current Electro-Chemical Reduction of Carbon Dioxide, is a cutting edge technology for utilizing CO2 generated by industries and other large CO2 emitters such as power plants.  This technology takes the CO2 that is being generated by these various large emitters and converts it into valuable products. The ERC process will help emitters reduce their carbon footprint, reduce future potential carbon associated costs and provide a new source of revenue from the conversion of CO2 emissions into saleable materials.

There are currently 27 Billion metric tonnes of CO2 emitted annually from fossil fuel combustion which represents an inexhaustible supply. One of the products produced by the ERC process is formic acid (HCOOH).  This is the strongest organic acid available and has numerous beneficial qualities and uses. Existing uses include the following: Farming and animal feed to sterilize and prevent disease, Insecticides, Leather treatment, De-icing of runways which offers no corrosion as with salt and better grip on plane wheels, Cleaning products, Pulp and paper production, and Pharmaceuticals.  Future uses include: Precursor chemical into green plastic production, Fuel cells, and formic acid as hydrogen storage medium.

Chemical and electrochemical conversion of CO2 into value-added chemical feedstocks and intermediates is attractive in terms of fossil fuel avoidance. It is estimated that the total CO2 emissions avoidance potential of this pathway is about 0.3 Gt/y (billion tonnes per year). The figure defines a reasonable initial target market for ME, the use 0.3 Gt/y of CO2 to make a similar volume of high value chemicals. An additional assumption is that these chemicals will have an average market value of $1,450 per tonne: giving a market value of $300 billion. This is in reasonable conformity with the ME projections ($350bn) arrived at by a totally different route.

Electro reduction of CO2 (ERC) promises to be deployable and practical: it has a low carbon footprint, is scalable and is economic in its use of electric energy. It has the ability to make a number of high value chemical products.


CLEAN DIESEL TECHNOLOGIES INCORPORATED (NASDAQ: CDTI)
"Up 29.97% on Tuesday"

Detailed Quote: http://www.otcpicks.com/quotes/CDTI.php

Clean Diesel is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused on the heavy duty diesel and light duty vehicle markets. Clean Diesel utilizes its proprietary patented Mixed Phase Catalyst (MPC®) technology, as well as its ARIS® selective catalytic reduction, Platinum Plus® fuel-borne catalyst, and other technologies to provide high-value sustainable solutions to reduce emissions, increase energy efficiency and lower the carbon intensity of on- and off-road engine applications. Clean Diesel is headquartered in Ventura, California, along with its wholly owned subsidiary, Catalytic Solutions, Inc., and currently has operations in the U.S., Canada, U.K., France, Japan and Sweden.

CDTI News:

October 11 - Clean Diesel Technologies, Inc. Announces Selected Preliminary Third Quarter 2011 Financial Results

Enters into Discretionary Equity Commitment with Lincoln Park Capital

Clean Diesel Technologies, Inc. (NASDAQ: CDTI) ("Clean Diesel"), a cleantech emissions reduction company, announced that selected unaudited preliminary third quarter 2011 financial results. Clean Diesel also announced that it has entered into an equity purchase agreement with Lincoln Park Capital Fund, LLC, a Chicago-based institutional investor firm.

The October 15, 2010 business combination with Catalytic Solutions, Inc. (or "CSI"), which Clean Diesel refers to as the "Merger" was accounted for as a reverse acquisition. Accordingly, Clean Diesel's (the legal acquirer's) consolidated financial statements are now those of CSI (the accounting acquirer), with the assets and liabilities and revenues and expenses of legacy Clean Diesel being included in CSI's financial statements effective from October 15, 2010, the closing date of the Merger. As such, the amounts discussed below for periods prior to the Merger are those of CSI and its consolidated subsidiaries, with amounts of legacy Clean Diesel operations included from the date of the Merger.

Preliminary total revenues for the third quarter of 2011 are expected to be in excess of $14.7 million, or up over 34%, as compared to $10.9 million in the third quarter of 2010 and up over 25% as compared to $11.5 million in the second quarter of 2011. Revenue for the quarter for Clean Diesel's Heavy Duty Diesel Systems division ("HDD") is expected to grow in excess of 50% as compared to the same period a year ago, and is expected to be higher than the second quarter of 2011. HDD revenues have benefited from continued strength in sales to the material handling and mining sectors and strong growth in North American retrofit sales and sales in the London Low Emission Zone ("LEZ"). HDD revenue includes approximately $0.3 million of sales from the legacy Clean Diesel business as a result of the Merger.  The Catalyst division external sales are expected to be slightly lower than a year ago, but are expected to be higher than the second quarter of 2011 as a result of the recovery of Clean Diesel's Japan-based customer's production volumes in August and September, following the earthquake and ensuing tsunami that occurred in March 2011. Including interdivisional sales of catalyst products, which were eliminated in consolidation, sales for this division are expected to grow in excess of 40% in the third quarter of 2011 when compared to the same quarter in 2010.

Clean Diesel's preliminary results remain subject to finalization by its management and review by its outside independent accountants. While a wide range of results remains possible, Clean Diesel continues to expect its revenues to grow for 2011. Total revenue for 2011 is likely to be heavily weighted to late in the year as a result of the currently expected timing of anticipated sales in the London LEZ. Clean Diesel currently expects to release full results for its third quarter ended September 30, 2011, on or about November 10, 2011.

Clean Diesel also announced today that on October 7, 2011, it entered into a purchase agreement (the "Purchase Agreement") with Lincoln Park Capital Fund, LLC ("LPC"). Under the Purchase Agreement, Clean Diesel has the option, at its sole discretion, to sell to LPC, from time to time, up to $10.0 million of its common stock over a 30-month period. Clean Diesel has the right, but not the obligation, to direct LPC to make purchases of Clean Diesel's common stock in amounts up to $0.5 million, which can be accelerated to amounts up to $1.5 million depending on Clean Diesel's share price and other conditions as set forth in the Purchase Agreement. Clean Diesel intends to use the net proceeds from the sale of common stock under the Purchase Agreement for working capital and general corporate purposes.

Clean Diesel is required to file a registration statement with the U.S. Securities and Exchange Commission covering the sale of the shares that may be issued to LPC under the Purchase Agreement. Once the registration statement is effective, LPC is obligated to make purchases as Clean Diesel directs in accordance with the Purchase Agreement, which may be terminated by Clean Diesel at any time, without cost or penalty.

"Driven by excellent execution by our team and demand across our customers, our preliminary third quarter revenue performance was strong," stated Charles Call, Clean Diesel Technologies, Inc., Chief Executive Officer. "Based upon the preliminary results, we experienced solid sequential revenue growth in both our Heavy Duty Diesel Systems and Catalyst businesses."

"In 2011, we made the strategic decision to invest in product development, sales and marketing to enable growth and to take advantage of the opportunities that are underway in the London Low Emission Zone and the U.S. market for our Heavy Duty Diesel Systems," said Mr. Call. "Many of these investments have contributed to our results in the first nine months of 2011, and we believe they will continue to support growth in the fourth quarter of 2011 and beyond. In order to assure that we have sufficient working capital to manage the expected growth for the remainder of the year and into 2012, we entered into a purchase agreement with LPC that provides us with the flexibility we may need to strategically grow the business. With the current uncertain global economic environment, we believe this agreement provides insurance for us to meet potential needs for working capital due to the London LEZ programs in 2011 and the California Truck & Bus Rule in 2012 and beyond."

A more detailed description of the Purchase Agreement and transaction with LPC is set forth in Clean Diesel's Current Report on Form 8-K to be filed with the SEC as of the date of this press release.

ABOUT LINCOLN PARK CAPITAL

LPC is an institutional investor headquartered in Chicago, Illinois. LPC's experienced professionals manage a portfolio of investments in public and private entities. These investments are in a wide range of companies and industries emphasizing life sciences, energy and technology. LPC's investments range from multiyear financial commitments to fund growth to special situation financings to long-term strategic capital offering companies certainty, flexibility and consistency.


 
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