For Thursday, January 19th
URXE, NXOI, UEPS, EVCA, OBJE, BGOI
Our Stocks to Watch tomorrow include Mustang Geothermal Corp. (OTCBB: URXE), Next 1 Interactive Inc. (OTCBB: NXOI), Net 1 UEPS Technologies Inc. (NASDAQ: UEPS), EVCARCO Inc. (OTCBB: EVCA), Obscene Jeans Corp. (OTCBB: OBJE) and Bonanza Oil & Gas Inc. (OTCBB: BGOI).
MUSTANG GEOTHERMAL CORPORATION (OTCBB: URXE)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/URXE.php
Mustang Geothermal owns a 100% interest in 4,535 hectares of Federal geothermal leases in four project areas in the state of Nevada and holds 6,300 hectares of geothermal exploration concessions in seven areas (Banos del Inca, Paclla, Ninobamba, Atecata, Coline, and Condoroma South & Condoroma) in Peru
December 19 - Mustang Geothermal to Start Drill Program in Peru
Mustang Geothermal Corporation (OTCBB: URXE) ("Mustang" or the "Company") announces that it plans to start a new exploration program consisting of 200 shallow temperature gradient drill holes on the Company's geothermal concessions in Peru . The shallow gradient drill program is a follow-up to the water chemistry sampling program that yielded promising results; indicating potentially viable geothermal reservoirs (see news release dated December 14, 2011 ).
The shallow gradient drill program provides for up to 200, 2-meter-deep drill holes which will be drilled using a motorized, man-portable soil-auger. Temperature is measured at the bottom of the hole using a resistivity-temperature-device (RTD) probe. The purpose of measuring precise temperature at a two meter depth is to explore for thermal anomalies resulting from a "blind" geothermal system at depth. The first meter of the soil acts as an insulating layer with temperature varying according to daily fluctuations, but the second meter of the drill hole tracks temperature that reflects deeper variations that are related to geothermal heat sources.
This method has been used to discover several blind geothermal systems that have ultimately resulted in the development of producing geothermal electrical power plants. The method is a relatively inexpensive method for determining near-surface manifestations of geothermal activity and existence of otherwise "blind" systems.
The drill program will start on the Condoroma Property, located near the settlement of Chaquelles, 29 kilometers southeast of the Swiss based Xstrata plc's Antapaccay copper project. Mustang plans to drill 100 shallow-temperature holes across the Condoroma geothermal concession to identify additional geothermal "hot-spots" and refine deeper drill targets on the property. The shape and size of the anomaly, coupled with geological and geophysical data are intended to narrow down the prospective areas for deeper exploration drilling.
"The ability to quickly and inexpensively generate additional information and potential new exploration targets at Condoroma as well as our other Mustang's geothermal concessions is important in fast-tracking the development of a geothermal resource in Peru and production of electrical power to meet the surging needs in Southern Peru ," commented the Richard Bachman, CEO of Mustang.
NEXT 1 INTERACTIVE INCORPORATED (OTCBB: NXOI)
"Up 89.47% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/NXOI.php
Next One Interactive, Inc. (NXOI) is a multi faceted media company specializing in Travel and Real Estate. Next One plans the delivery of targeted content via multiple digital platforms including Satellite, Cable, Broadcast, Broadband and mobile. In today's digital market Next One Interactive delivers information and entertainment to consumers. The company business plan calls for multiple revenue streams from real estate and travel content delivery including transactional commissions, referral fees, advertising and sponsorship. The multiple revenue streams and integrated media platforms allow for the delivery of measurable return on investment to its advertisers, sponsors and business partners.
November 28 - NXOI Launches Next 1 Network With Premiere Communications
Next 1 Interactive, Inc. (OTCBB: NXOI) (the "Company"), parent company to Next 1 Network, announces it has secured a National Cable Television distribution contract with Premiere Communications for Next 1 Network. This agreement will initially increase the Next 1 Network's reach to over 9 MM households including channel positioning in multiple cities on the Nation's top three leading Cable MSOs with scheduled launch for December 1, 2011. A key benefit to this agreement is the current household distribution of Premiere Communications which will allow Next 1 Network to reach into markets that allow for the cross promotion of its Video On Demand content. Currently the Company has both Real Estate and Travel VOD programs available through two cable operator systems.
Key parts to the Next1/Premiere agreement include bringing Steven Conduit, founder of Premier Communications, onto the Company's advisory board to actively work with the Company towards rolling out and expanding the Next 1 Network. Mr. Conduit's history as founder & president of WizeBuys resulted in his building out WizeBuys into a premiere transactional network distributing to 50 MM households. As an initial investment to cover distribution and startup Network costs, Premier Communications will take an equity interest in Next 1 Interactive, Inc.
"I am pleased to contribute my experience to Next One Interactive as I believe that Next 1 Network has an unduplicated model of transactional programming for the Real Estate and Travel Industries which will offer great value to our expanding National cable viewing audience," says Steve Conduit, CEO of Premiere Communications.
"We are very excited to have someone of Steve Conduit's caliber join with us as we roll-out our solutions for Real Estate & Travel and or development of our Network," says Next 1 CEO Bill Kerby.
NET 1 UEPS TECHNOLOGIES INCORPORATED (NASDAQ: UEPS)
"Up 32.74% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/UEPS.php
Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System, or UEPS, to facilitate biometrically secure real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.
January 18 - SASSA Awards National Tender to Net1
Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) announced that its wholly owned subsidiary, Cash Paymaster Services (Pty) Ltd ("CPS") has received a Letter of Award from the South African Social Security Agency ("SASSA") for the provision of payment services for social grants in all of South Africa's nine provinces for a period of five years. The tender award is subject to the usual execution of a service level agreement by January 31, 2012.
"We are overjoyed by the SASSA tender award and very proud of the confidence that SASSA has placed in our company and technology," said Dr. Serge Belamant, Chairman and CEO of Net1. "Our biometric UEPS/EMV technology has enabled us to provide SASSA with a comprehensive, cost effective solution for the payment of approximately fifteen million monthly grants to ten million recipients in rural and urban areas and we are committed to provide the grant recipients and the South African government with the highest level of service and security. I would like to thank all of our employees and partners for their invaluable contribution towards the tender outcome. This tender award emphasizes the strategic importance of our South African operations and provides further confirmation of our business plan that will afford us, together with our Black Empowerment initiatives that we have been formalizing during the last few years, with the launch pad for our future growth in Africa and other developing economies," he concluded.
Herman Kotze, CFO of Net1, commented: "Given the magnitude of the SASSA tender award, we expect a significant impact on the group's financial affairs when the contract period commences as a result of new volume and pricing, additional costs, capital expenditure and additional contractual obligations. These may have different financial effects in the short-term relative to the long-term benefits to the group. We will be able to provide more detailed guidance regarding the financial effect of this tender award when the service level agreement has been concluded and hope to provide such detail during our next scheduled earnings call on Friday, February 10, 2012."
EVCARCO INCORPORATED (OTC: EVCA)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/EVCA.php
Evarco Inc. is the Future Driven® automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. Evarco is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles. Evarco has developed a dealer network allowing growth into most US States by 2012.
November 14 - EVCARCO Updates Shareholders and Investment Community
EVCARCO Inc. (OTCBB: EVCA) announced an update to shareholders regarding an upcoming amendment to the Articles of Incorporation and recent corporate developments.
As the Company continues to search for reliable car manufacturers that produce environmentally friendly vehicles, it continues to operate at its current location in Ft.Worth, Texas, and to generate revenues in the pre-owned market. Operations have generated gross revenues of $887,775 for 2009, $804,772 for 2010, $118,401 for the first quarter of 2011, and $230,695 for second quarter of 2011. The quarterly report for third quarter of 2011 is scheduled to be released next week.
The Company over the previous several months has made offers to several dealership owners, to acquire their existing new car operations in the Dallas-Ft.Worth Metroplex, but was unsuccessful in reaching an agreement. EVCARCO will continue with its current operations and in reviewing other strategic acquisition opportunities.
After careful consideration, the Board of Directors of EVCARCO has decided that in the best interest of the Company and its shareholders, it is necessary to increase authorized capital in order to facilitate possible acquisitions, raise additional capital, and to refocus the Company for a new phase of growth and increase in shareholder value. On November 9, 2011, EVCA filed a Schedule 14C Information with the SEC, to notify the shareholders about the amendment to its Articles of Incorporation to increase the number of shares of Common Stock as well as Class B Convertible Preferred Stock. The amendment is set to be effective on November 30, 2011.
Mack Sanders, CEO of EVCARCO, stated, "In a tough automotive climate, EVCARCO continues to focus on growth and exploring opportunities. We believe that our motto, Future Driven®, has never been stronger and as a veteran of the automotive industry for more than 25 years, I can certainly tell you that the EVCARCO team will continue to adapt, expand, and adjust to all aspects of these changing times."
OBSCENE JEANS CORPORATION (OTCBB: OBJE)
"Up 42.50% on Wednesday"
Detailed Quote: www.otcpicks.com/quotes/OBJE.php
Obscene Jeans Corp., a development stage company, focuses to design, develop, manufacture, market, wholesale, distribute, and sell a women’s line of Obscene Brand jeans. It also plans to offer t-shirts, jackets, and sweatshirts. The company intends to market and distribute its products in the United States and Italy to high-end retailers, department stores, and boutiques, as well as through online venues. Obscene Jeans Corp. was founded in 2009 and is headquartered in Sarasota, Florida.
January 18 - Social Media Tools Play Critical Role in Campaigning
As political campaigns heat up across the country, social media tools such as those in development by Obscene Interactive, a subsidiary of Obscene Jeans Corp. (OTCBB: OBJE), are playing an increasingly critical role in reaching voters and raising funds.
Barack Obama’s 2008 campaign was one of the first to use social media to help drive online political fundraising. The 2012 Obama campaign is forecasted to produce the first billion-dollar-candidate thanks in part to a custom online fundraising platform.
Social fundraising has become a critical strategy for 2012 candidates, with social media-powered campaigns making it easier than ever to execute strategies like money bombs and short-term fundraising pushes that dramatically increase the amount of money candidates collect in small donations as well as the speed with which they collect them.
One social fund-raising site, Fundly.com, launched the Fundly Political Index late last year to help track the velocity of political social fundraising across the Web. Fundly alone currently processes between $50-500,000 each day for political candidates on both sides of the fence, and at all levels of government.
OBJE is exploring the creation of the next generation of social platforms to help foster new relationships between candidates, social causes, entrepreneurs and donors and/or investors. These unprecedented digital tools represent the future of crowd-funding. In addition to raising money, candidates will be able to connect with existing supporters and reach out to voters who aren’t yet convinced. Accomplishments, such as campaign milestones, will get liked, shared, re-tweeted and reblogged instantly.
Digital followers who feel connected to the campaign will be more likely to make the leap from online supporter to offline volunteer—and financial supporter.
BONANZA OIL & GAS INCORPORATED (OTCBB: BGOI)
"Up 150.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/BGOI.php
Based in Houston, TX, Bonanza Oil and Gas, Inc. holds assets ranging from current producing properties, wholly owned prospects, to developing working interests in Proven Undeveloped (PUDS) properties.
January 13 - Investment Report On Bonanza Oil & Gas, Inc.
A Reuters Investment Profile has been released on Bonanza Oil & Gas, Inc. (OTCBB: BGOI). According to Reuters, “This report is essential reading for any serious investor, providing comprehensive financial information on a company's performance, position and cash flows over the past 3 years, including interim data.” To view the report, visit http://bit.ly/yVapQV.