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RPTN, LBGE, HPGS, GEAR, TOFS, HEV
Our Stocks to Watch tomorrow include Raptor Networks Technology Inc. (OTCBB: RPTN), Laufer Bridge Enterprises Inc. (OTCBB: LBGE), High Plains Gas Inc. (OTC: HPGS), GolfGear International Inc. (OTC: GEAR), 247MGI Inc. (OTC: TOFS) and Ener1 Inc. (NASDAQ: HEV).
RAPTOR NETWORKS TECHNOLOGY INCORPORATED (OTCBB: RPTN)
"Up 164.52% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/RPTN.php
Raptor Networks Technology, Inc. has developed the world's first "distributed fabric" network switching architectures, all open-standards based, that benefit networks that provide newer latency-sensitive services such as video, VOIP, high speed server and storage clustering and the like. This patented Distributed Network Switching Technology enables new network build outs and performance upgrades of traditional chassis-based installations in a highly cost effective manner. Management believes that the unique advantage Raptor provides is speed over distance: data transport at wire speed, in hardware, between spatially separated network elements. Enhanced network reliability, lower power consumption and reduced form factor combine to enable significant savings in both acquisition costs as well as operating expense. Raptor's network switching products engender the feature set and versatility to run the most advanced new data applications.
RPTN News:
August 4 - Raptor Networks Files Form 8-K With SEC
Raptor Networks Technology, Inc. (OTCBB: RPTN) (“the company”) filed Form 8-K with the Securities and Exchange Commission. Visit http://bit.ly/nQGHJi to see some of the details of the filing.
LAUFER BRIDGE ENTERPRISES INCORPORATED (OTC: LBGE)
"Up 185.71% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/LBGE.php
Laufer Bridge Enterprises, Inc., through its subsidiary, Creative Edge Nutrition, Inc. focuses on the development of nutraceuticals and health supplements. The company intends to offer a range of capsules, tablets, and powders, as well as science-based products in 4 principal categories, including weight management, specific nutrition challenges, energy, and fitness. It also plans to market a line of nutrition and snack bar products under the CENERGY brand name. The company is based in Buford, Georgia.
LBGE News:
August 4 - Creative Edge Nutrition Completes Definitive Purchase Agreement with Seeds R Us
Laufer Bridge Enterprises, Inc. (OTCBB: LBGE) announced that its principal business unit, Creative Edge Nutrition Inc. has finalized a definitive asset purchase agreement with Winter Garden, Florida - based Seeds R Us. Under the terms of the agreement, Seeds R Us will become the exclusive supplier of nutritious seeds for Creative Edge Nutrition.
"Seeds R Us is an ideal acquisition for our company as it complements our current product offerings," said Paul Thomas, Senior Vice President and COO of Creative Edge Nutrition. "This allows us the ability to oversee our harvest and production costs while enabling us to integrate additional proprietary products that separate us from other current nutritional offerings."
The arrangement is structured as an asset purchase and exclusive supply agreement specifically for chia seeds. Creative Edge Nutrition will assume current inventory, backlog and customer sales and support responsibilities. Creative Edge Nutrition assumes no debts or previous financial obligations. The business partnership allows for the joint development of additional product offerings targeted at the health and nutrition related industries.
“Chia seeds are known to be the richest plant source of Omega-3, the vital fats that have proven to protect against inflammation, such as arthritis and heart disease,” said Thomas. “In keeping with our standards of providing only the finest ingredients, we will utilize chia in selected products of the Cenergy brand of sports nutrition supplements.”
ABOUT CREATIVE EDGE NUTRITION, INC.
Creative Edge Nutrition, Inc, (Cenergy) is a nutrition company engaged in the development of nutracueticals. Cenergy offers a wide range of capsules, tablets and powders, as well as science based products in three principal categories; weight management, nutrition challenges, energy and fitness, The company’s objective is to successfully market, distribute nutritional products and continue to develop innovate supplements, Cenergy create attitudes, attitudes create muscle.
ABOUT SEEDS R US
Seeds R Us is an importer and wholesaler of many health related seeds. With a direct relationship to the growers it ensures that only the best quality seeds are planted, farmed and harvested to improve customers' production yields.
HIGH PLAINS GAS INCORPORATED (OTC: HPGS)
"Up 58.60% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/HPGS.php
High Plains Gas, Inc. is a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. The Company’s assets include the former Marathon “North & South Fairway” assets. These assets consist of 1614 Coal Bed Methane Wells with associated flow lines and over 155,000 net acres. This combined with the company’s existing 92 natural gas wells gives the company a strong foundation in the natural gas industry. High Plains Gas intends to continue to pursue expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations that helps position it strategically in the Powder River Basin. In 2011, the Company formed a subsidiary, High Plains Gas Services, LLC, focused on providing construction and maintenance services to the energy industry, primarily in the Western United States.
HPGS News:
September 29 - High Plains Gas Announces Reactivation of Fitch Coal Bed Methane Field
High Plains Gas, Inc. (OTC: HPGS) announced field crews have returned the Fitch coal bed methane (CBM) field to production. The wells in the field have been re-activated at a minimal cost to the company. Historically the Fitch CBM field produced approximately 800 million cubic feet per day, which under today’s pricing structure would result in approximately $1 million in annual revenue. The Company expects it can improve this production over time as further maintenance is performed on wells in the field.
Mark Hettinger, Chief Operations Officer, commented, “Adding the Fitch field to our producing well portfolio is significant. We believe there is gas to be made in turning on wells that have been shut in for the last couple years. The success in the Fitch fields is a further testament to that belief.”
GOLFGEAR INTERNATIONAL INCORPORATED (OTC: GEAR)
"Up 34.80% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/GEAR.php
GolfGear International, Inc. was originally incorporated in 1996 as a golf equipment company. The Company has recently altered its business strategy to include gold and silver mining, providing financing for gold and silver mining projects, and precious metals processing and refining.
GEAR News:
September 29 - GolfGear International, Inc. Signs Joint Venture Agreement with Mission Holdings, LLC to Place the Silver Cord Mine Into Production
GolfGear International, Inc. (OTC: GEAR) announces that it has signed a Joint Venture Agreement with Mission Holdings, LLC that will place the Silver Cord Mine into production. The Silver Cord is a historically producing silver and gold mine located in Yavapai County, Arizona, with over 900 feet of developed tunnels following a prominent silver vein. Mission Holdings, LLC, owner of the Silver Cord Mine, has executed an exclusive Mining Production Agreement with Western Sierra Mining Corp. (OTC: WSRA) to develop the mine and manage production. Processing of the silver and gold ores extracted from the Silver Cord Mine will be managed by GolfGear International under an exclusive Licensing Agreement recently executed with EnviroXtract, Inc. (OTC: EVXA) for the Company's premiere Ore-XT3 precious metals ore processing technology.
Dale Geck, President of GolfGear International stated, "This change in business direction is a huge step for GolfGear International. With the world economy in a state of collapse, investors are moving to the safety of gold and silver. With gold prices recently reaching historical levels beyond $1,600 per ounce, and with many market analysts projecting gold prices to reach $2,000 per ounce by the end of 2011, GolfGear International firmly believes it has chosen wisely in establishing a presence in the gold and silver mining industry."
Under the proposed agreement, GolfGear International will provide Mission Holdings and Western Sierra the necessary funding to immediately begin initial mining operations, as well as additional funding necessary for expansion. Western Sierra Mining Corp. will provide its extensive mining expertise, labor, equipment, and production management of the mine.
GolfGear International has recently executed an exclusive licensing agreement with EnviroXtract, Inc., a premier developer of efficient environmental technologies. James Cheney, CEO of EnviroXtract commented, "EnviroXtract is excited to have been selected to bring its expertise in ore technology development to the table for GolfGear International. Management believes the utilization of our leading edge Ore-XT3 technology for processing precious metals from the Silver Cord Mine will be an invaluable asset to this joint venture. EnviroXtract technologies are anticipated to increase the efficiency and profitability of GolfGear's gold and silver processing operations.
ABOUT WESTERN SIERRA MINING CORP.
Western Sierra Mining is an aggressive gold and silver exploration and mining company focused on the historic mining districts of the Bradshaw mountains of Arizona with additional areas of interest within Nevada and Mexico. Long-term company goals are to create maximum shareholder value by continuing to build a strong base of properties and advance these projects toward production.
ABOUT ENVIROXTRACT, INC.
EnviroXtract, Inc. was founded as a technology development company focusing on proprietary environmental remediation applications for oil spills and other toxic chemical remediation applications that require a complete separation of hazardous or toxic chemicals from contaminated soil. The company has recently expanded its business strategy to enter new markets including: gold, silver, and precious metals processing and refining, as well as environmental remediation of mining tailings.
247MGI INCORPORATED (OTC: TOFS)
"Up 28.57% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/TOFS.php
247MGI, Inc. does not have significant operations. It intends to acquire assets or shares of an entity actively engaged in business. Previously, the company, through its subsidiary, Yard Sale Drop Off, Inc., operated as a trading assistant and power seller that assisted others to list and sell items through on-line auctions on the eBay Web site. The company was founded in 1991 and is based in Fort Lauderdale, Florida.
TOFS News:
September 28 - 247MGI Completes Merger, Enters Billion Dollar Financial Service Sector and Forecasts Revenues in Excess of $10 Million
247MGI, Inc. (OTC: TOFS) (“247MGI”) announced through its wholly owned subsidiary Baron Capital Holdings, LLC, TOFS has officially completed the acquisition of Baron Capital Transfer and Registrar, LLC, a stock Transfer Agency registered with the SEC.
The Company shall be profitable during the fourth quarter of 2011 and should have projected revenue of over $10 million for fiscal 2012 from the investment division alone, not including fees generated from the Transfer Agency or any of its brokerage services.
The Company has filed with the State of Florida an Amendment to take effect November 1, 2011 to change the name of the Company to Baron Capital Enterprises, Inc. This will give the Company time to work with FINRA to complete the name change and obtain a new trading symbol.
Through a series of subsidiaries the Company shall complete its objectives, the first two subsidiaries to become active are the Transfer Agency which shall commence operations in October; this will generate revenue for the Company, and act as a conduit for other business opportunities. The second division will be the investment division which shall purchase aged convertible debt or participate in private placements. These ventures usually bring a high rate of return. This division alone will start out with several hundred thousand dollars of aged convertible debt which it will begin converting and turning into cash for the Company to use during October.
The investment division will fall under the brokerage side of the business. The Company plans to purchase two separate firms, one for trading and clearing of securities and the other for retail investors. The retail firm will use an online platform to maintain low operating costs, while using the other firm to clear and handle trades. The Company has been doing extensive research to find suitable candidates that will fill these spots and should be placing a deposit on one in the coming weeks.
Over the next year the Company will register with the SEC to act as a clearing agency to help offer companies an alternative to DTCC as well as create a secondary market place for companies to trade. These ventures will take time to complete, but will truly make Baron Capital a “one stop shop.”
During the coming months the Company looks to expand the Board of Directors with local business leaders and people who can add creditability to the overall Company, as well as adding additional Officers while being cost conscious.
ENER1 INCORPORATED (NASDAQ: HEV)
"Up 52.22% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/HEV.php
Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery pack systems for energy storage in the United States and South Korea. It operates in three segments: Transportation, Grid Energy Storage, and Small Pack. The Transportation segment produces batteries and battery solutions for hybrid electric vehicles, plug-in hybrid electric vehicles, and electric vehicles, as well as trucks and buses. The Grid Energy Storage segment develops and manufactures energy storage applications for utility grid and commercial applications. The Small Pack segment manufactures lithium-ion batteries for customers in the handheld scanner, personal digital assistant, and medical device markets. The company serves original equipment manufacturers (OEM) in the light and heavy-duty industries, as well as suppliers of automotive, truck, and bus OEMs; utilities, renewable energy suppliers, solar and geothermal installers, and homeowners; and consumer product companies in the telephone and the hand-held scanner markets. Ener1, Inc. was founded in 1985 and is headquartered in New York, New York.
HEV News:
September 27 - Federman & Sherwood Reminds Investors of Imminent Deadline in Securities Class Action Lawsuit Against Ener1, Inc.
On August 18, 2011, a class action lawsuit was filed in the United States District Court for the Southern District of New York against Ener1, Inc. (NASDAQ: HEV). Federman & Sherwood reminds current and former shareholders of Ener1, Inc. that they only have until Monday, October 17, 2011 to move for appointment as a lead plaintiff in this case. The Complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
If you purchased Ener1, Inc. between January 10, 2011 and August 15, 2011, and wish to move the court to serve as a plaintiff, please contact our office as soon as possible. Our firm seeks to recover damages on behalf of the Class. Federman & Sherwood has extensive experience and expertise in prosecuting securities litigation involving financial fraud. We represent investors throughout the country in shareholder litigation.
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