For Thursday, January 28th
LGTT, CNLG, JYHW, STVI, LDSR
Our Stocks to Watch tomorrow include LIGATT Security International (OTC: LGTT), Conolog Corp. (Nasdaq: CNLG), JayHawk Energy Inc. (OTCBB: JYHW), SNAP Interactive Inc. (OTCBB: STVI) and LandStar Inc. (OTC: LDSR).
LIGATT SECURITY INTERNATIONAL (OTC: LGTT)
"Up 83.33% on Wednesday"
LIGATT Security International is the nation's premier hi-tech security companies and is recognized as a leader in computer security, CCTV surveillance and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time.
January 27 -
LIGATT Security International's Hacker for Hire Application Submitted to Apple for Approval
LSI's New iPhone App Soon Available to iPhone Users
LIGATT Security International (OTC: LGTT) announced that Apple Inc., the designer and creator of the iPod, iTunes, Mac laptop and desktop computers, will soon offer the iPhone Hacker for Hire application. The Hacker for Hire application should be available to all iPhone users through the iPhone App Store, starting Feb. 8th 2010.
LSI’s Hackers for Hire application is a service where Certified Ethical Hackers for Hire will help solve almost any computer hacking, cyber extortion, cyber bullying, or cyber stalking problem, in addition to conduct background checks. The application will benefit business professionals, security consultants, private investigators, law enforcement officials, as well as the everyday consumer. Application users can also access the Hacker for Hire services through LSI’s website and Facebook page.
“With this new application, LSI has the ability to help consumers reduce cybercrime from the convenience of their iPhones,” says Quinton Ash, Senior iPhone & Security Application Developer.
Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics and computer software products. The company's best-known hardware products include Macintosh computers, the iPod, and the iPhone. The company operates more than 250 retail stores in nine countries, and an online store where hardware and software products are sold.
“The approval will be the easy part. The hard part is being prepared for the demand that we will receive,” says Gregory Evans CEO of LIGATT Security.
LSI is the nation's premier hi-tech security company and recognized as a leader in computer security and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation’s leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time.
CONOLOG CORPORATION (NASDAQ: CNLG)
"Up 63.57% on Wednesday"
Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Company’s INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
January 27 - Conolog Announces Start of Production of its 'GlowWorm' Fiber Optic Detector
Specific Product for Any Fiber Optic Network or Line
Conolog Corporation (Nasdaq: CNLG), an engineering and design company that provides digital signal processing solutions to global electric utilities, announced that it has completed field testing and started production/marketing of its “GlowWorm” fiber optic detector that may be used in any fiber optic line or network without the need to cut the cable.
President of Conolog Marc Benou stated, “Our 'GlowWorm' surpassed our expectations in field tests and demonstrated its capabilities in fiber optic networks as well as lines.
“This application of passive detection technology is unique to Conolog and will allow utilities and other customers to quickly determine the source of a fiber optic signal failure.”
Benou concluded, “Conolog products continue to demonstrate the global applications of our products, ease of installation and our commitment to low maintenance and long term security and reliability.”
JAYHAWK ENERGY INCORPORATED (OTCBB: JYHW)
"Up 33.72% on Wednesday"
JayHawk Energy, Inc., a development stage company, engages in the exploration, acquisition, development, production, and sale of natural gas, crude oil, and natural gas liquids primarily from conventional reservoirs in North America. It owns interest in the Uniontown project covering 35,000 gross acres of non-producing coal bed methane natural gas reserves located in Bourbon County, Kansas. The company was founded in 2004 as Bella Trading Company, Inc. and changed its name to JayHawk Energy, Inc. in June 2007. JayHawk Energy, Inc. is based in Broomfield, Colorado.
January 26 -
JayHawk Energy Inc. Comments on Recent Share Activity and Upcoming Drilling Program
JayHawk Energy, Inc. (OTCBB: JYHW) (Frankfurt: 35J) (“JayHawk” or the “Company”)) President Marshall Diamond-Goldberg would like to inform investors that the Company believes the December 2009 run-up in its share price was, in part, a function of information disseminated into the market independent of the Company and without its knowledge and that the subsequent decline has been a result of profit taking resulting in downward pressure.
The Company continues to prepare for its upcoming drilling program on its Crosby North Dakota oil project, which should be ready for drilling to commence in the latter part of February. Regulatory submissions and drilling contracts are in the works with a two well program initially being prepared. The results of these two wells will have an impact on the potential growth of the company, as the Company believes that each successful well may have the potential to increase Company net production by 50-100%.
JayHawk also continues to explore acquisition opportunities in order to expand the Company’s asset base and to diversify its portfolio. While the Company has no immediate acquisition plans any such acquisitions would likely be targeted toward oil production and development projects and may include both conventional assets as well as unconventional targets such as the Bakken shale. The Company is being very selective with respect to any acquisition targets in order to reduce risk and maximize the potential associated with activity on the assets.
Mr. Diamond-Goldberg expressed his belief that while it is unfortunate that the Company’s stock price has demonstrated volatility in the market over the past six weeks, that such fluctuations are not reflective of the Company’s ongoing commitment to building shareholder value through increasing production among its current holdings and identifying future potential acquisition targets that complement the Company’s current business operations.
SNAP INTERACTIVE INCORPORATED (OTCBB: STVI)
"Up 33.33% on Wednesday"
Incorporated in Delaware and headquartered in New York City, SNAP Interactive, Inc. is a leading provider of online dating applications for social networking websites and mobile platforms. SNAP has developed two dating applications built on Facebook® Platform which have more than 19 million installations on Facebook. SNAP has also launched dating applications on MySpace Developer Platform, Bebo, and Hi5 Developer Platform. SNAP's portfolio also includes an online dating site for singles called AreYouInterested.com that utilizes Facebook Connect to share content with their Facebook friends and an iPhone application for mobile dating called 'Are You Interested?'
January 26 -
SNAP Interactive Reports 79% Increase in Revenue Run Rate Based on December 2009 Gross Receipts
SNAP Interactive, Inc. (OTCBB: STVI), a leading provider of online dating applications for social networking websites, is pleased to announce that it has an experienced a significant increase in gross receipts since transitioning to a premium subscription model on its 'Are You Interested?' brand in late 2009.
* $5.6 million + Annual Revenue Run Rate Based on December 2009 Gross Receipts.
* Based on December 2009 Gross Receipts, Annual Run Rate Increases More than 79% over Pre-subscription Revenue Run Rate.
* Recurring Revenue from 3 & 6 Month Subscriptions Expected to Propel Further Revenue Growth.
For the month of December 2009 our revenue run rate based on gross receipts has increased to more than $5.6 million on an annual basis. This represents an increase of more than 79% from our 2009 revenue run rate of slightly more than $3 million as of September 30, 2009. These sales include gross revenue from the sale of multi month subscriptions as well as advertising revenue. However, from a GAAP accounting perspective revenues from multi month subscriptions are recognized over the length of the subscription rather than when purchased.
SNAP CEO Cliff Lerner stated: "The second half of 2009 was largely devoted to our transition to a subscription-based premium membership model on our 'Are You Interested?' brand. The subscription model has been successful in the online dating industry and we felt that converting to such a model was in our best interests in order for the company to grow and prosper as well as help us meet our objective of becoming less advertising-dependent for revenue generation. Another important change as a result of this transition is that we have now increased our spending on advertising and marketing and this may cause us to operate at a net loss in the near-term while the model ramps up. However based on the initial data that we have seen we are very pleased with the early results from our subscription model."
Lerner continued, "What is perhaps most encouraging about these early results is that these figures do not reflect any projected additional revenue from recurring subscriptions by current subscribers. The recurring revenue component is where the potential from this model becomes most visible and exciting. The majority of our subscription revenue is from users who purchased 3 and 6 month subscriptions. The current data does not reflect any incremental revenue from these users recurring once their initial subscriptions conclude. Clearly each user has a value to us far beyond what is attained from their initial purchase and this additional incremental revenue could be quite substantial. A further benefit of this model is that our revenue stream becomes more stable and allows to us to better forecast our revenues and expenses going forward. We look forward to seeing the full rewards of the subscription model in 2010 as the program continues to ramp up and further optimizations are made."
LANDSTAR INCORPORATED (OTC: LDSR)
"Up 35.29% on Wednesday"
LandStar, Inc. operates as a polymer redeployment and polymer reactivation company. Through its majority owned subsidiary, Rebound Rubber Corporation, the company develops certain technology rights for the recycling of rubber. It also, along with its subsidiary PolyTek Rubber & Recycling, Inc., produces crumb rubber using reduction technologies, including ambient grind, cryogenic, and wet grind systems. LandStar also maintains exclusive North American rights to a proven devulcanization technology, which fundamentally changes the way recycled rubber is used. This technology creates a new raw material, Activated Modified Rubber, which may be compounded with natural and synthetic rubber or used directly in new vulcanized products.
January 26 -
LandStar Inc. Recapitalizes and Releases name of 1 of 3 Targeted Merger Candidates
LandStar Inc. (OTC: LDSR) (www.landstarcorp.com) further to the issuers news release of January 13 where amongst other things the company revisited its 'No Recapitalization" policy. The company has recapitalized to 8.8 billion shares. This recapitalization was necessary to accommodate a 4 way merger the company is currently entertaining.
Two of the targeted merger candidates are in China and one in USA (see filings Pink Sheets)
One of the China based merger companies is Hubei Sheng Di Vessel Manufacturing Co., Ltd. The second targeted merger company name will be released in due time. Both of these companies are significant. The merger once completed will create a materially and fundamentally different LDSR company.
Mr. Lee Congtang, CEO, Chairman of LDSR said "Our market cap is $5,160,000 as of Jan 25, 2010 which is about the cost of our equipment based on a 'fire sale'. LDSR is not a fire sale object by any stretch of the imagination. Just to put this in perspective Hubei Sheng Di Vessel Manufacturing Co., Ltd. is about 10 times larger than LDSR, and the second and third targeted merger company are about equally same. Our point is to demonstrate just how wrong the market is about the LDSR valuation as a whole. One of the new subsidiary shows gross annual revenues in the range of $8 million USD and profits in the range of $2 million USD.
This is a 4 way merger that will see LDSR have a stake in all of these companies. Even a flat 6 or 7 billion payment in stock at our price level is not enough to absorb all 3 candidates. We are looking at various sophisticated models that will see LDSR maintain a good stake in these merger candidates. A spin off from LDSR with LDSR as lead benefactor is one option being considered. We are very excited about this mega merger opportunity and have chosen to release this news after the market closes to allow the markets to digest and sleep on these progresses being made by LDSR.
Also, we are not going to address our critics any more. You had your court date and an opportunity to be heard and when afforded that opportunity, yet you ran away from the opportunity as cowards. You choose to hide under silly aliases and cry foul on Internet chat boards. It reminds me of what some of our competitors do when they lose a contract to us and I'm starting to wonder if there is any connection there".
The "no reverse stock" policy of LDSR remains undisturbed, and no stock reversal of any kind is planned or contemplated.
More filings will follow on Pink Sheets.