For Thursday, January 12th
MFTH, OGNG, PBIO, JSDA, ALTO, ASTI
Our Stocks to Watch tomorrow include Medisafe 1 Technologies Corp. (OTCBB: MFTH), Organa Gardens International Inc. (OTCBB: OGNG), Pressure BioSciences Inc. (NASDAQ: PBIO), Jones Soda Co. (NASDAQ: JSDA), Alto Group Holdings Inc. (OTCBB: ALTO) and Ascent Solar Technologies Inc. (NASDAQ:ASTI).
MEDISAFE 1 TECHNOLOGIES CORPORATION (OTC: MFTH)
"Up 221.43% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MFTH.php
Medisafe 1 Technologies seeks to effectively prevent unauthorized administration of a drug or medicinal substance by hypodermic needle. Medisafe's patented technology is a medical assembly with a locking mechanism that is intended to ensure the substance cannot be released from the hypodermic needle without positive pre-matching between the substance and its intended patient.
MFTH News:
November 4 - Medisafe 1 Technologies Pre-pays Additional 2 Convertible Promissory Notes Due in Full to Avoid Dilution to Shareholders
Medisafe 1 Technologies Corp. (OTCBB: MFTH), a developer of patented technologies that physically prevent unauthorized administration of prescription medications, announced today that the company has pre-paid two convertible promissory notes aggregating $57,000, including the interest due.
The notes bore interest at 8% per annum and were due in August , 2011 and in October , 2011. The notes had conversion rights allowing the holder of the note at any time to convert all or any part of the remaining principal balance into the Company's common stock at a price equal to 58% of the average of the lowest three trading prices for the Common Stock during the most recent ten-day period.
The note was issued to fund development of Medisafe 1's patented life-saving technology and to assist in ongoing business development. As a result of pre-payment, the non-affiliated third party lender has released Medisafe 1 Technologies from its obligation.
"Medisafe 1 pre-paid the promissory notes to prevent the notes from being converted into equity," said Jacob Elhadad, CEO of Medisafe 1 Technologies Corp. "Pre-payment of the notes prevented and continues to prevent the dilution of our common stock."
ORGANA GARDENS INTERNATIONAL (OTCBB: OGNG)
"Up 425.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/OGNG.php
Organa Gardens International Inc. has a vertical hydroponics farming system built to make the most efficient use of light, energy, water, land, temperature and production cycle while growing the highest quality and healthiest plants in an optimum, consistent environment unaffected by weather. The Organa Garden Systems (OGS) provide a means for food production and consumption change to global environmental and ecological sustainability through vertical hydroponics rotary farming.
OGNG News:
November 26 - Organa Gardens Reports to SEC
Organa Gardens International Inc. (OTCBB: OGNG) has filed its latest annual report with the SEC. To view this release, visit http://yhoo.it/xkaZOW.
PRESSURE BIOSCIENCES INCORPORATED (NASDAQ: PBIO)
"Up 44.44% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PBIO.php
Pressure BioSciences, Inc. ("PBI") is focused on the development, marketing, and sale of proprietary laboratory instrumentation and associated consumables based on Pressure Cycling Technology ("PCT"). PCT is a patented, enabling technology platform with multiple applications in the estimated $6 billion life sciences sample preparation market. PCT uses cycles of hydrostatic pressure between ambient and ultra-high levels to control bio-molecular interactions. PBI currently focuses its efforts on the development and sale of PCT-enhanced sample preparation systems (instruments and consumables) for mass spectrometry, biomarker discovery, bio-therapeutics characterization, vaccine development, soil and plant biology, forensics, histology, and counter-bioterror applications.
PBIO News:
December 19 - Pressure BioSciences, Inc. Announces Distribution Agreement With IUL Instruments GmbH for Germany and Switzerland
Leading Life Sciences European Distributor to Introduce, Sell, and Support PBI's Sample Preparation Products in Germany and Switzerland
Pressure BioSciences, Inc. (NASDAQ: PBIO) ("PBI" or the "Company") announced that it has entered into a distribution agreement with Germany-based life sciences company IUL Instruments GmbH ("IUL"). Under the terms of the agreement, IUL will have the exclusive right to market and sell PBI's Pressure Cycling Technology ("PCT") sample preparation instruments (Barocycler NEP2320 and NEP3229) and consumables in Germany and Switzerland. In addition, IUL will have the non-exclusive right to market and sell PBI's recently released, patent-pending, mechanical homogenization device, the Shredder SG3, and its associated consumables, in the same two countries.
Mr. Richard T. Schumacher, President and CEO of Pressure BioSciences, said: "IUL's customers include thousands of researchers in biotechnology, pharmaceutical, government, and academic laboratories. IUL is a well-respected, value-added distributor offering a wide assortment of laboratory products. They have over thirty highly trained marketing, sales and service personnel, many with advanced degrees in the life sciences. They also have a well-designed infrastructure to support their large customer base. We are very excited to partner with IUL and look forward to working closely with them as they introduce the PCT Platform and related products to their existing and extensive customer base."
Mr. Alexander Beljaars, President of IUL, commented: "We understand well the German and Swiss life sciences market, including the need for high quality sample preparation products. We believe that PBI's PCT Sample Preparation System ("PCT SPS") is unique to the market, has been proven to be very effective by leading scientists in US laboratories over the past few years, and will fill a very important yet unmet need in our customer base. We are excited to have the opportunity to introduce PCT, the PCT SPS, and the Shredder SG3 System to our customers, and believe we will be successful in marketing these state-of-the-art sample preparation products to the German and Swiss life sciences marketplace."
ABOUT IUL INSTRUMENTS GMBH
IUL Instruments GmbH ("IUL"), founded in 1991, is a leading, well-established, and well-respected provider of scientific products with strong customer relationships in pharmaceutical, academic, and other life sciences markets. Based in Germany, IUL handles sales and service with a staff of more than thirty, including product specialists in Germany, Austria, and Switzerland. IUL specializes in microbiology, cell biology, and biotechnology applications, and offers high-level support of specialized, complex, and exclusive technologies, including sample preparation, with a highly-educated and experienced marketing and sales team, and with rapid, customer-oriented, and high quality service support. IUL also markets, sells, and supports equipment for microbiological food control, analytical devices, and process technology for fermentation, cell culture, and life cell imaging.
JONES SODA COMPANY INCORPORATED (NASDAQ: JSDA)
"Up 30.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/JSDA.php
Headquartered in Seattle, Washington, Jones Soda Co.® markets and distributes premium beverages under the Jones Soda, Jones Pure Cane Soda® and WhoopAss Energy Drink® brands and sells through its distribution network in markets primarily across North America. A leader in the premium soda category, Jones is known for its variety of flavors and innovative labeling technique that incorporates always-changing photos sent in from its consumers. Jones Soda is sold through traditional beverage retailers.
JSDA News:
January 11 - Jones Soda Co. Announces Preliminary 4th Quarter Growth in Revenue; Growth Strategy to Be Presented at ICR XChange Jan. 12
Jones Soda Co. (NASDAQ: JSDA), a leader in the premium soda category and known for its unique branding and innovative marketing, today announced preliminary results for its fourth quarter ended Dec. 31, 2011 and disclosed details about its upcoming presentation at the 14th Annual ICR XChange Conference.
The Company expects revenue for the fourth quarter 2011 to increase approximately 9% to $3.4 million, compared to $3.1 million in the same period a year ago. For the fourth quarter of 2011, the Company expects sales of its core products, which consist of continuing Jones Soda SKUs and WhoopAss Energy Drink, in North America to increase by approximately 16% compared to the same period a year ago, driven by expanded distribution. For the year ended Dec. 31, 2011, the Company expects revenue of approximately $17.4 million and to achieve 12% growth compared to the prior year for its core product revenue in North America.
"We have made positive forward progress over the last 18 months in crucial areas, and are eager to continue to build upon that in 2012 and beyond," commented William Meissner, Jones Soda CEO who joined the company in April 2010 and has been enacting an aggressive turnaround strategy. "We've already achieved significant momentum for one of our key priorities, which was to return growth to our core product line. Q4 2011 was the highest year-over-year overall revenue growth quarter since 2007, and one of many factors we believe is indicating an inflection point in returning our company to sustainable growth."
At the ICR XChange Conference on Thursday, Jan. 12 Meissner will detail the Company's growth strategies and business outlook, including expanding product penetration in existing grocery and mass market retail accounts, as well as gaining broader distribution in the convenience, food service, drugstore and club retailer categories.
"For expansion to new channels, we are particularly interested in capitalizing on the convenience store channel," noted Meissner. "We have come out with a new product specifically aimed at the convenience store shopper, in our new 16 oz. Jones Soda cans, as well as our WhoopAss offering launched last year. Our products perform well on shelves, but we need to focus on much greater distribution."
The 14th Annual ICR XChange Conference takes place at The Fontainebleau Hotel in Miami Beach, Florida on Jan. 10-12, 2012. As previously announced, the Jones Soda presentation is scheduled for Thursday, Jan. 12 at 11:30 am Eastern Time. Interested parties may listen via live audio broadcast over the Internet available at www.jonessoda.com, where connection instructions will be posted on the 'Company' page.
The results provided in this press release are preliminary and subject to completion and review of the 2011 financial statements by the company as well as review by the company's independent auditors and Audit Committee. Jones Soda Co. plans to report final results for the 2011 fourth quarter and full year including its gross profit, expenses and net loss, later in the first quarter.
ALTO GROUP HOLDINGS INCORPORATED (OTCBB: ALTO)
"Up 20.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ALTO.php
Alto Group Holdings Inc. engages in the acquisition and exploration of mineral properties in Africa and Latin America. The company primarily focuses on the exploration of gold and silver concessions. It owns interests in the Los Tres Machos concession that covers 1,000 hectares of staked and sampled mineral lands; and Zuna concession, which covers 750 hectares of staked and sampled mineral lands located in the state of Guadalajara, Mexico. The company also holds 70% of the rights to a mining concession in the Ashanti Belt of Ghana, West Africa. Alto Group Holdings Inc. was founded in 2007 and is based in South Jordan, Utah.
ALTO News:
September 30 - Alto Group Holdings Announces Change of Control
New CEO Given Controlling Voting Interest for 12-Month Period
Alto Group Holdings, Inc. (OTCBB: ALTO) (“Alto” or the “Company”) announced that Randall Appel, the newly-appointed Chief Executive Officer of the Company, has entered into a Shareholder Voting Agreement (“Agreement”) with Opiuchus Holdings, Inc. (“OHI”) whereby Mr. Appel has received a controlling interest in the Company’s voting shares. Opiuchus Holdings, Inc., a company owned by Mark Klok, the former CEO of the Company, is a holder of 100,000 Series B Preferred Shares which collectively hold an aggregate of 2,000,000,000 votes. Pursuant to the Agreement, OHI has transferred all voting rights of the Preferred Shares to Mr. Appel for a one-year period, which has enabled Mr. Appel, subject to certain exceptions contained in the Agreement, to unilaterally control the election of the Alto Board of Directors and the direction of the Company. The Preferred Shares carry no dividend, distribution, or other economic rights and are not convertible into Common Stock of the Company.
Commenting on the Agreement, Mr. Appel stated: “This Agreement represents an important part of the transition of the Company’s management and control that began a few weeks ago when I was appointed Chief Executive Officer. We expect that the effect of this Agreement will be increased investor confidence in the stability of the Company and its management, as well as increased confidence in the Company’s strategic direction. I look forward to moving ahead with a clearer demarcation of my ability to affect the Company in a positive manner and more effectively respond to the needs of our shareholders.”
ASCENT SOLAR TECHNOLOGIES INCORPORATED (NASDAQ: ASTI)
"Up 16.67% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ASTI.php
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazine’s 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions.
ASTI News:
January 4 - TFG Radiant Increases Ownership in Ascent Solar
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible CIGS solar panels, announced today that TFG Radiant Investment Group, Ltd. (TFG Radiant), is poised to increase its ownership interest in the Thornton, Colo., based solar panel manufacturer. TFG Radiant acquired approximately 20 percent of the outstanding shares of Ascent in August 2011. The increase will put TFG Radiant’s ownership at approximately 41 percent.
TFG Radiant will purchase the stake in the Company presently owned by Norsk Hydro Produksjon AS for $4 million, or approximately $0.50 per share. The transaction is expected to close within the next 90 days.
Victor Lee, managing director of TFG Radiant and an Ascent board member, said: “We continue to be very excited about the market potential for Ascent’s transformational solar power technology. No other manufacturer can match the combination of power density and flexibility, which we believe will enable TFG Radiant to lead in rooftop and portable power applications in East Asia.”
“We are pleased to see that our most recent strategic partner, and licensee for our technology in East Asia, is increasing its commitment to Ascent,” commented Ron Eller, Ascent president and CEO. “We have the same vision for our unique, high performing flexible technology to bring solar power to everyday lives in a seamless and compelling manner.”
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