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PYTO, DMAT, AFPW, PTSC, SWTX, TRTH
Our Stocks to Watch tomorrow include PhytoMedical Technologies Inc. (OTCBB: PYTO), Dematco Inc. (OTC: DMAT), AlumiFuel Power Corp. (OTCBB: AFPW), Patriot Scientific Corp. (OTCBB: PTSC), Southwall Technologies Inc. (NASDAQ: SWTX) and Trai Thien USA (OTC: TRTH).
PHYTOMEDICAL TECHNOLOGIES INCORPORATED (OTCBB: PYTO)
"Up 2,150.00% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/PYTO.php
PhytoMedical Technologies, Inc., together with its wholly owned subsidiaries, is a pharmaceutical company focused on research, development and commercialization of pharmaceutical products. For additional information, visit www.PhytoMedical.com.
PYTO News:
September 22 - PhytoMedical Continues Negotiations for Acquisition of Standard Gold Corp.
PhytoMedical Technologies, Inc. (OTCBB: PYTO) announced that is continuing its negotiations with Standard Gold Corp., as per the Memorandum of Intent (MOI) entered into on August 25, 2010.
On August 25, 2010 PhytoMedical Technologies, Inc. entered into a Non-Binding Memorandum of Intent (MOI) with Standard Gold Corp., pursuant to which PhytoMedical and Standard Gold will explore the possibility of the Company’s acquisition of all issued and outstanding stock of Standard Gold. Either party may terminate the MOI upon notice to the other. The MOI will terminate on December 31, 2010.
Pursuant to the terms of the MOI, PhytoMedical and Standard Gold simultaneously entered into a Bridge Loan Agreement (Loan) pursuant to which PhytoMedical loaned Standard Gold $30,000 in order for Standard Gold to maintain in good standing its rights to mineral claims. The Loan is evidenced by a promissory note, which is due and payable on December 31, 2010.
Standard Gold Corp. is a junior mineral exploration company based in Nevada. Additional information on Standard Gold is available at its website, www.StandardGoldCorp.com. PhytoMedical Technologies does not assume responsibility for the accuracy or completeness of information at this website.
There is no assurance that the transactions contemplated by the MOI, including, but not limited to the negotiation and execution of a definitive agreement will in fact be consummated.
DEMATCO INCORPORATED (OTC: DMAT)
"Up 90.48% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/DMAT.php
Dematco, Inc. is engaged in the business of dematerializing or converting financial instruments from paper form to electronic form. The Company specializes in hitherto untraded or untradeable paper instruments allowing them to be traded electronically on exchanges or exchange platforms on a peer to peer basis.
DMAT News:
October 3 - Dematco Announces Revenue Sharing Agreement with Hedge Fund, Quantus Investment Corp.
Will Electronically Trade Dematerialized Senior Life Insurance Settlement Policies
Dematco, Inc. (OTC: DMAT), engaged in the business of dematerializing and converting insurance instruments from paper form to electronic form, announces a 50% revenue sharing agreement with Quantus Investment Corp., hedge fund manager based in Toronto, Canada. Investment instruments and derivative products will be created from dematerialized Senior Life Insurance Policies. Dematco and Quantus expect to bring Variable Stripped Units, Senior Life Settlement Units, bonds and distinctive instruments to market in acceptable dematerialized form for Institutional participation. A 50/50 sharing of fees arising from introductions by each party to the other has been entered into.
Robert Stevens, Dematco Chairman and CEO, states, "In a market traditionally confined to paper products only, we expect to generate significant fees by dematerializing Senior Life Settlement Policies. Quantus is the long awaited relationship that the Company has been diligently working on overtime. Our initial marketing strategy anticipates revenue in the 4th quarter reflective of the volumes created. The agreement with Quantus runs for 10 years; we look forward to a long and fruitful growth."
Jamie Spreng, Quantus CEO, says, "We are looking forward to the development of the wide range of products shown to us by Dematco and having a long working relationship with the Company."
ALUMIFUEL POWER CORPORATION (OTCBB: AFPW)
"Up 248.15% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/AFPW.php
AlumiFuel Power Corporation operates through its wholly owned subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple applications requiring on-site, on-demand fuel sources.
AFPW News:
October 7 - AlumiFuel Power, Inc. Provides Rationale for Why the PBIS-2000 Portable Balloon Inflation System Technology Can Become the Worldwide Lift Gas Standard
Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), revealed why the PBIS-2000 system can become a global standard following the award of the U.S. Air Force Special Operations Command (AFSOC) contract announced yesterday. Military and meteorological users from the US, NATO, and around the world have been following API's Portable Balloon Inflation System product development with keen interest, and have indicated that the technology embedded in the PBIS-2000 could offer a superior solution to lift gas requirements in remote and inaccessible locations.
The PBIS-2000 expands the capability of API's current family of hydrogen generators, which includes the PBIS-1000 (for 100g balloons) and the PBIS-lite (designed for 30g pilot balloons). The PBIS-2000 generates sufficient hydrogen to inflate a 200g weather balloon within 20 minutes using up to 6 AlumiFuel Cartridges contained in a single reactor vessel. The system operates at ambient temperature and pressure so that the user never has to deal with a high pressure system such as the industry standard K-Cylinder. After purchasing any unit of the PBIS family, typical customers continue to purchase replacement cartridges to launch up to 700 balloons per unit each year (up to 4,200 cartridges).
The current addressable weather balloon lift gas market is estimated at $150-$200 million per year, and encompasses military as well as civil government meteorological users worldwide. Traditionally, helium has been used as the primary lift gas for weather balloons, but with the increasing scarcity and cost of helium, users are rapidly switching to hydrogen and API's PBIS family is far more mobile, safe, cost effective and cheaper to maintain than other on-site hydrogen generation systems. The cost, complexity, and safety of the hydrogen supply chain is greatly improved because no hydrogen is transported or stored. An on-site water source of any quality can be used to generate the hydrogen in the PBIS system. Certain meteorological users have indicated that the use of the PBIS and AlumiFuel cartridges for the launching of two weather balloons daily from each of its sites would be only one-third the cost of hydrogen K-Cylinders delivered to various launching sites — an annual savings of over $120,000 per site, not to mention the avoidance of having to distribute and handle the awkward, heavy, high pressure K-Cylinders. In fact, users are now able to launch weather balloons from sites previously not accessible to K-Cylinders.
Moreover, the technology and configuration of PBIS systems provide an additional capability beyond balloon launching. PBIS units in the field also give users an added benefit by creating a ready-made logistics supply chain for hydrogen to power fuel cells. The 99.99+% purity of the hydrogen, as verified by an independent research lab, makes it ideally suited for fuel cells serving remote and man-portable power applications. Integrated with a fuel cell, two AlumiFuel cartridges could provide nearly 600Wh of electricity, resulting in a unique "hydrogen genset." API and its portable power partner, Ingenium Technologies of Rockford, Illinois, are pursuing back-up power market opportunities.
API's President & CEO, Mr. David Cade, said, "The advanced technology of the PBIS-2000 can be engineered into all of the PBIS family products, providing even more flexibility, user-friendliness, and rapid launching than current hydrogen lift gas systems, as well as cheaper and safer logistics. For these reasons, API believes the PBIS family can become the field standard and lift gas product of choice for NATO military users and meteorological customers worldwide."
PATRIOT SCIENTIFIC CORPORATION (OTCBB: PTSC)
"Up 82.22% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/PTSC.php
Headquartered in Carlsbad, California, Patriot Scientific Corporation provides data sharing and secure data solutions for a connected world. Patriot Scientific addresses the expanding market opportunities in the justice and public safety industries through its wholly owned subsidiary Patriot Data Solutions Group, Inc. These growth activities are funded with revenues generated, in a large part, from the Moore Microprocessor Patent™ Portfolio licensing partnership with The TPL Group. Patriot Scientific's integrated core intelligence solution addresses the critical data/information sharing needs of the healthcare industry, the Department of Homeland Security, the Department of Justice, and federal, state, and local public safety and law enforcement agencies.
PTSC News:
October 7 - Patriot Scientific and TPL Settle Litigation
Patriot Scientific Corporation (OTCBB: PTSC) and The TPL Group announced that they have jointly reached an agreement to resolve and settle all claims and issues between them regarding their Joint Venture for the commercialization of the MMP Portfolio. The agreement includes mutual payments and mutual releases which will end the uncertainty associated with appeals and ongoing delays within the court system, and lay a solid foundation for future cooperation between the parties and their combined pursuit of the business of the MMP Portfolio.
ABOUT THE MMP PORTFOLIO™
The MMP Portfolio patents, filed by The TPL Group in the 1980s, include seven US patents as well as their European and Japanese counterparts, cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.
The MMP Portfolio™ is widely recognized as fundamental technology. The sweeping scope of applications using MMP Portfolio design techniques continues to encourage the world's leading manufacturers of end-user products from around the globe to become MMP Portfolio licensees.
ABOUT THE TPL GROUP
Founded in 1988, The TPL Group has evolved as a coalition of technology-based enterprises dedicated to the development, management and commercialization of proprietary technology, and the design, manufacture and sales of proprietary products based on those IP assets. Among the advanced products that TPL brings to market are multi-core microprocessors, memory management and control devices, advanced hearing and listening solutions, energy efficient computing architectures, encryption storage products, sub-wavelength acoustic transducers, wafer-level packaging, and solderless pcb-assembly technology.
SOUTHWALL TECHNOLOGIES INCORPORATED (OTCBB: SWTX)
"Up 43.82% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/SWTX.php
Southwall Technologies, Inc. develops, manufactures, and markets thin film coatings on flexible substrates for the automotive glass, electronic display, architectural glass, and applied window film markets. It develops various products that control sunlight in automotive glass, reduce light reflection, reduce electromagnetic radiation and improve image quality in electronic display products, and conserve energy via the application of architectural and after-market window film products. The company's products consist of transparent solar-control films for automotive glass; anti reflective films for computer screens, including flat panel displays and plasma displays; transparent conductive films for use in touch screen and liquid crystal displays; energy control films for architectural glass; and various other coatings. Southwall Technologies sells its products to original equipment manufacturers worldwide through direct sales force and sales representatives. The company was founded in 1979 and is based in Palo Alto, California.
SWTX News:
October 7 - Solutia to Acquire Southwall Technologies Inc.
Creates powerhouse of world-class innovation, technology and commercial films expertise
Solutia Inc. (NYSE: SOA), a market-leading performance materials and specialty chemicals company, and Southwall Technologies Inc. (NASDAQ: SWTX), a leading innovator of energy-saving films and glass products for automotive and architectural markets, today announced that they have signed a definitive agreement providing for Solutia to acquire Southwall for $13.60 per share of Southwall common stock in cash. The transaction, which has been approved by the boards of directors of both companies, has an aggregate equity purchase price of approximately $113 million. The acquisition will be funded by Solutia from existing cash on hand.
"This acquisition positions Solutia as the world leader in advanced sputtering technology, combining the industry's leading commercial expertise with next-generation innovation capabilities to provide advanced film solutions to the premium window film and electronics markets," said Jeffry N. Quinn, chairman, president and chief executive officer of Solutia Inc. "Our growth strategy remains focused on enhancing our portfolio through synergistic bolt-on acquisitions that allow Solutia to better serve high-growth markets and support the success of our existing businesses. This is just one component of our strategy to put our strong cash flow to work to create value for our shareholders."
The acquisition will secure Solutia's access to Southwall's proprietary XIR® technology, a key base material for the Company's high-growth V-Kool® premium aftermarket window films. In addition, the acquisition adds state-of-the-art manufacturing capacity and proprietary capabilities to support the fast-growing demand for high-tech films for the electronics market and positions Solutia to provide a broader range of product solutions. This includes a new product offering in which transparent film is encapsulated between Saflex® polyvinyl butyral interlayers to form a protective barrier in laminated glass against the harmful effects of the sun.
"We look forward to realizing the potential of Southwall's portfolio of energy efficiency solutions as we combine our innovation in sputtering technology with Solutia's commercial and market expertise," said Dennis Capovilla, president and chief executive officer of Southwall Technologies Inc. "Together we will focus on the delivery of next-generation films to our customers that achieve unmatched levels of solar performance and optical clarity."
Under the terms of the agreement, it is anticipated that a subsidiary of Solutia will commence a tender offer for all of the outstanding shares of Southwall common stock no later than October 25, 2011. Southwall stockholders will receive $13.60 per share in cash for all outstanding shares of Southwall common stock tendered in the offer and accepted for payment by Solutia, representing a 45% premium to the closing price per share of Southwall common stock on October 6, 2011. The closing of the tender offer is subject to customary terms and conditions, including the tender of a majority of the outstanding shares of Southwall and the receipt of regulatory approvals. Following the successful completion of the tender offer and following the receipt of stockholder approval, if necessary, the agreement provides for Southwall to merge with a subsidiary of Solutia and become a wholly-owned subsidiary of Solutia, with all shares of Southwall common stock then outstanding being converted into the right to receive the offer price in cash.
The tender offer is expected to be completed in the fourth quarter of 2011. Certain funds affiliated with Needham Funds, together with Dolphin Direct Equity Partners, L.P., which collectively hold shares of Southwall common stock and convertible preferred stock equal to approximately 63% of the outstanding shares of Southwall common stock on an as-converted basis, have entered into tender and support agreements with Solutia pursuant to which they have agreed to support the transaction and tender their shares in the offer.
Moelis & Company LLC and Kirkland & Ellis LLP acted as advisors to Solutia on this transaction. Needham & Company, LLC, Seven Hills Group LLC and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as advisors to Southwall on this transaction.
In an effort to enhance communications, Solutia has created a supplemental video available on its website and YouTube channel that focuses on this announcement.
TRAI THIEN USA INCORPORATED (OTC: TRTH)
"Up 21.43% on Friday"
Detailed Quote: www.otcpicks.com/quotes/TRTH.php
Trai Thien USA Inc., through its subsidiary, Trai Thien Sea Transport Investment and Development Joint Stock Company, a dry bulk shipping company, engages in transporting dry bulk commodities in southeast Asia and southern China. It transports raw materials, such as iron ore, coal, grain, cement, fertilizer, steel, and lumber. The company operates its chartered and owned vessels in the ocean transportation along Asian shipping routes. It has a fleet of five owner-operated and term-leased geared vessels with an average size of 3,538 dead weight tonnage (DWT) with an aggregate total capacity of 17,690 DWT. The company was founded in 2007 and is based in Ho Chi Minh City, Vietnam.
TRTH News:
October 5 - Trai Thien USA Files Second Quarter 2011 Financial Statements
Trai Thien USA (OTC: TRTH) announced that it has filed its financial statements for the second quarter 2011 with OTC Markets.
Khanh Nguyen, Chairman & President of Trai Thien USA, commented, "Trai Thien continues to grow as we maintain our concentration on niche intra-Asian shipping markets. We look forward to commenting on the financials in an upcoming press release later this week."
Trai Thien USA Releases New Corporate Profile
Trai Thien USA (OTC: TRTH) released a new corporate profile with updated background, industry trends, financial snapshot and other relevant information about the Southeast Asia-based shipping company. The profile can be viewed online at www.traithienusa.com.
Trai Thien USA is a fast-growing Vietnam-based dry bulk shipping company operating a 21,990 DWT fleet comprised of six geared bulk vessels specialized in providing ocean transportation services for raw material input items such as coal, ore, grain, lumber, cement, steel and fertilizer throughout the Southeast Asia region. In order to meet anticipated continued growth in demand from an expanding base of overseas and domestic Vietnamese customers, as well as to expand the geographic regions that it can service to include potentially more profitable routes in East and South Asia, Trai Thien has made deposits to acquire six larger 7600 DWT capacity new-buildings, which depending on the company's ability to meet additional capital resource requirements, are expected to be delivered in 2012.
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