IDOI, BZCN, MHGU, OMTK, ZOOM, KBLB
Our Stocks to Watch tomorrow include IDO Security Inc. (OTCBB: IDOI), BizAuctions Inc. (OTC: BZCN), Meritage Hospitality Group Inc. (OTC: MHGU), Omnitek Engineering Corp. (OTCQB: OMTK), Zoom Technologies Inc. (Nasdaq: ZOOM) and Kraig Biocraft Laboratories Inc. (OTC: KBLB).
IDO SECURITY INCORPORATED (OTCBB: IDOI)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/IDOI.php
Headquartered in New York with a subsidiary in Israel, IDO Security designs, develops and markets the patented, UL-certified MagShoe™ weapons metal detection system. MagShoe™ fills a critical void in today's metal detectors by extending screening to the lower body and feet. MagShoe's™ unique "shoes-on" design maximizes security, thoroughness and accuracy while eliminating the need to remove shoes for increased convenience and safety. Ideal for security and loss prevention at virtually any facility, MagShoe™ is currently in use at international airports, cruise lines, government agencies, prisons and more.
January 7 - IDO Security to Exhibit the New MagShoe™ 3G and 3G/4 Models in Thailand
IDO Security, Inc. (OTCBB: IDOI), developer of the innovative MagShoe™ shoe scanning device (SSD), announced that the Company will be exhibiting the new MagShoe™ 3G and 3G/4 models in Thailand to a number of potential clients that include both governmental and private entities.
The Company has engaged Law Enforcement Technology Solutions (LETS) as its agent in Thailand to oversee the MagShoe™ demonstration during the next few weeks to several clients that have already indicated a strong interest in the technology and its ability to be incorporated with security screening systems already in place. The Company expects to receive multiple orders from the exhibit based upon the early interest shown by Thailand's HLS and Loss Prevention officials.
"Thailand is the second country in the Far East, following China, in which we are actively promoting the new MagShoe™ 3G together with our local agents. There is interest from both the Homeland Security and Loss Prevention sectors to increase security measures in Thailand and the MagShoe is a perfect complement to existing security devices providing effective screening that is non-invasive and convenient to use. Based on the early interest shown, we believe we could have the MagShoe in multiple locations in Thailand by mid-year," stated Dani Werber, International Marketing Manager for IDO.
BIZAUCTIONS INCORPORATED (OTC: BZCN)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/BZCN.php
BizAuctions, Inc. is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries. BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment. We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.
April 13 - BizAuctions-Lucky 7's Retail-Outlet Store Sets New Sales Record for March
BizAuctions, Inc. (OTC: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, has announced that March sales set a new monthly record.
Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions-Lucky 7's Retail-Outlet store March sales set a record month at $87,355. March sales exceeded February sales of $80,508 by $6,847 or an increase of 8.5% for the month. Month over month sales have increased since the opening of the Retail-Outlet store in August of 2010, and I anticipate seeing that trend continuing through this calendar year 2011. The BizAuctions-Lucky 7's customers are very satisfied in being able to shop for the assortment of name brand merchandise which is available in clothing, general merchandise, appliances, household items, and electronics such as Sony, Toshiba, Samsung, Vizio, and Panasonic; Maytag, and Whirlpool appliances; and Polo, Ralph Lauren, Lucky & Buffalo jeans, O'Neill and PING sports apparel and other name brands, all at affordable prices that are significantly below retail. Based upon the current sales trend, I expect to see many more positive months for BizAuctions-Lucky 7's Retail-Outlet store in this calendar year."
"BizAuctions closed its Lucky 7's retail store in the Chula Vista Center in the fall of 2010 in anticipation of opening a new larger location in the San Ysidro area. The lease for the new Retail-Outlet store was signed on April 4, 2011 and consists of a 3,800 sq. ft. store in the San Ysidro Village Center, adjacent to the Las Americas Premium Outlets, and within approximately 1/4 mile of the San Ysidro-USA Border crossing that sees an estimated traffic flow of 50,000 vehicles and 25,000 pedestrians crossing each day. This new Retail-Outlet store in San Ysidro will allow Lucky 7's the ability to sell its name brand higher-end clothing such as Polo, Ralph Lauren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, O'Neill, and other name brands, general merchandise, and electronics such as Sony, Samsung, Toshiba, Panasonic, Sharp, and Vizio, that will generally bring higher retail prices at Lucky 7's Retail-Outlet versus its customary eBay and Amazon business platforms," noted CEO, Janovec.
BizAuctions' clients have included some of the nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay and Amazon platforms.
MERITAGE HOSPITALITY GROUP INCORPORATED (OTC: MHGU)
"Up 81.82% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MHGU.php
Meritage is one of the nation's premier franchise operators, currently operating 73 quick service and casual dining restaurants. The company specializes in the development and operation of restaurant and leisure properties. The company is headquartered in Grand Rapids and employs a workforce of approximately 2,100. The company seeks unique opportunities to capitalize on its substantial development and operating expertise.
July 23 - Meritage Reports Second Quarter 2010 Results; Sales & Net Income Growth
Meritage Hospitality Group Inc. (OTC: MHGU), the nation's premier franchise operator, today reported financial results for the quarter ended July 4, 2010. The Company also reported the opening of its first Twisted Rooster restaurant located in Grand Rapids, Michigan. Twisted Rooster is a light, fun, casual themed concept developed exclusively by the Company to be affordable and relevant to consumers.
Second Quarter 2010 Highlights
* Sales increased 21.6% to $19.9 million from $16.4 million for the same period last year.
* Income from Operations increased 18.4% to $935,000 from $789,000 for the same period last year.
* Net Income increased 39.2% to $845,000 from $607,000 for the same period last year.
* Consolidated EBITDA (a non GAAP measure) increased 12.1% to $1.3 million from $1.2 million for the same period last year.
* The Company declared its 27th consecutive quarterly dividend on its Series C Cumulative Convertible Preferred Stock of $0.20 per share, which was payable on July 1, 2010 to shareholders of record as of June 15, 2010.
"We are pleased with our development progress and continued overall financial improvements in the second quarter of 2010. We believe the Company is positioned for profitable growth in a prolonged environment of consumer austerity with high levels of unemployment," said Meritage CEO, Robert E. Schermer, Jr. In our Wendy's business we are focused on the initial phase of our five-year growth plan, which includes a combination of store renovations, new unit growth and market expansion in the Wendy's system. The Wendy's product pipeline includes the newly introduced high quality line of 'real fresh salads' for summer 2010. The salads are prepared fresh and topped with premium ingredients.
Six Months 2010 Highlights
* Sales for the six months ended July 4, 2010 increased 31.1% to $38.8 million compared to sales of $29.6 million for the same period last year.
* Income from Operations increased 106.9% to $1,366,000 compared to $660,000 for the same period last year.
* Net Earnings increased 645.0% to $1,394,000 compared to $187,000 for the same period last year.
* Consolidated EBITDA (a non-GAAP measure) increased 41.2% to $2.2 million in 2010 compared to $1.5 million in 2009.
The Company remains encouraged by the long term prospects for the Wendy's brand, lead by the new management teams at Wendy's/Arby's Group, and the new Quality Supply Chain Co-op. The Supply Chain Co-op began operations in 2010 with 91% of the Wendy's restaurants in North America participating as members. The supply chain goal is to deliver the lowest possible, sustainable delivered prices for products and distribution services to Wendy's restaurants. We believe this is a critical step in supporting the return of 16%-17% Wendy's restaurant margins, which has positive long term implications on the Company's business model and the Wendy's franchise system.
OMNITEK ENGINEERING CORPORATION (OTCQB: OMTK)
"Up 70.91% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/OMTK.php
Omnitek Engineering Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems — providing global customers with innovative alternative energy and emissions control solutions that are sustainable, affordable and designed to combat global warming.
March 31 - Omnitek Engineering Sees New EPA Regulations as a Milestone for Engine Conversions
Anticipates Strong Domestic Demand for Its Diesel-to-Natural Gas Conversion Technology
Omnitek Engineering Corporation (OTCQB: OMTK) said a U.S. Environmental Protection Agency (EPA) amendment this week to regulations applicable to certifying and converting diesel and gasoline engines to operate on natural gas is a milestone for the alternative fuel industry and a significant advancement in lessening dependence on foreign oil.
The ruling, which clarifies and streamlines "conversion manufacturer processes," will take effect upon publication in the Federal Register, according to the EPA.
"Converting diesel engines to operate on either liquefied natural gas or compressed natural gas provides an economical and environmental solution to new engine replacement. This EPA amendment will now enable our company to certify and convert diesel engines in a cost-effective manner and introduce the technology to the U.S. market," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
He noted that Omnitek's technology has been utilized outside the United States since 2001, with more than 5,000 engine conversions currently in operation. "Our technology meets all applicable emission standards, as will be demonstrated in the certification process, and we anticipate tremendous demand for Omnitek's conversion kits— particularly from heavy-duty, light truck and bus operators," Funk said.
"We also endorse the proposed Natural Gas Act and the general premise outlined in The Pickens Plan that seeks to dramatically reduce dependency on foreign oil through the utilization of natural gas," Funk said.
Funk added that compressed natural gas provides significant advantages over diesel fuel, including reduced emissions, plentiful supplies and favorable economics. "Industry observers believe that up to eight million heavy-duty vehicles in the U.S. could benefit from conversion to natural gas. Replacing old diesel trucks with new natural gas-powered trucks is certainly an option, but it is much more expensive and manufacturing the required quantity of new engines has a very large 'carbon-footprint' consequence. Our technology is feasible and affordable, with a projected return on investment of less than two years. In addition, diesel engines have a service life of up to 20 years, which provides an additional incentive to convert," Funk said.
ZOOM TECHNOLOGIES INCORPORATED (NASDAQ: ZOOM)
"Up 31.45% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ZOOM.php
Zoom Technologies, Inc., through its subsidiary, Zoom Telephonics, Inc., engages in the design, production, marketing, sale, and support of broadband and dial-up modems, and other communication-related products in North America and internationally. It offers dial-up modems, digital subscriber line (DSL) modems, Bluetooth modems and adapters, and cable modems; VoIP products, which allow devices to establish and manage voice calls on the Internet; wireless local area networking products comprising DSL modems with Wireless-G local area network capability and other Wireless-G products, including USB and PC Card clients, a wireless access point, and a wireless gaming adapter; and dialers and related telephony products. The company sells its products primarily through distributors, retailers, Internet service providers, telephone service providers, value-added resellers, personal computer system integrators, and original equipment manufacturers. Zoom Technologies was founded in 1986 and is headquartered in Boston, Massachusetts.
April 13 - Qualcomm and Zoom Technologies Sign WCDMA Subscriber Unit License Agreement
Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, and Zoom Technologies, Inc. (Nasdaq: ZOOM) announced that they have entered into a subscriber unit license agreement. Under the terms of the agreement, Qualcomm has granted Zoom a worldwide, royalty-bearing patent license to develop, manufacture and sell WCDMA and TD-SCDMA subscriber units. The royalties payable by Zoom are at Qualcomm's standard worldwide rates.
"Qualcomm and Zoom Technologies both share a strong commitment to R&D and are dedicated to driving the wireless industry forward in China and around the world," said Derek Aberle, executive vice president and president of Qualcomm Technology Licensing. "This agreement enables them to develop, manufacture and sell advanced 3G products, greatly enhancing Zoom's competitive position in the global wireless landscape."
"This agreement with Qualcomm is an enormous step towards our advancement in the 3G market, enabling us to produce the latest products for the dynamic Chinese market," said Mr. Leo Gu, chairman and chief executive officer of Zoom Technologies. "Our Nollec Wireless subsidiary, long known for its world class design team in wireless communication, will now develop highly competitive 3G products, such as smartphones, running on the Android operating system, setting in motion our plan to deliver a series of professional use 3G smartphones to Asia, Europe and beyond."
Zoom's wholly owned subsidiary Nollec Wireless, a mobile phone and wireless communication design company, will operate under the license.
KRAIG BIOCRAFT LABORATORIES INCORPORATED (OTCBB: KBLB)
"Up 52.97% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/KBLB.php
Kraig Biocraft Laboratories, Inc. focuses on the development of protein based fiber using recombinant DNA technology for commercial applications in the textile and specialty fiber industries. Its products are used in military and police departments; industrial applications, including critical cables and abrasion/impact resistant components; and consumer applications. These fibers are also employed in safety equipment, and high strength composite materials for the aero-space industry. The company was founded in 2006 and is based in Lansing, Michigan.
April 12 - Sigma-Aldrich and Kraig Biocraft Laboratories Successfully Negotiate License Agreement
* Sigma-Aldrich and Kraig to Work Together to Create the Next Generation Biomaterials
* Sigma-Aldrich Becomes Kraig Shareholder
Kraig Biocraft Laboratories, Inc. (OTC: KBLB) announced today that the Company has entered into a licensing agreement with biotechnology giant Sigma-Aldrich Inc. (Nasdaq: SIAL).
Kraig has successfully negotiated a license to use Sigma-Aldrich's powerful zinc finger technology to accelerate its scientific research and product development, along with an option to commercialize the resulting biomaterials in the textile and biomedical fields.
Under the terms of the agreement announced today, Sigma will provide Kraig with its proprietary genetic engineering tools and expertise in zinc finger nuclease to enable Kraig to significantly accelerate its product development. In addition to providing the customized tools and technological know-how, Sigma has granted Kraig an option for a commercial license to use the technology in the textile and biomedical markets. Sigma has agreed that upon exercise of the option Kraig will have exclusive commercial rights to use Sigma ZFNs in conjunction with the insertion of more than two hundred proprietary spider silk sequences previously licensed by Kraig from a third party into the silkworm genome. Sigma-Aldrich will be creating customized zinc fingers for Kraig's use in its development of spider silk polymers and technical textiles.
"Sigma-Aldrich's proprietary zinc finger technologies are extremely powerful tools which enable very precise genetic targeting," said Kraig's CEO Kim Thompson. "We are convinced that this technology is the key to creating advanced new products and materials. We believe that when these customized tools are delivered by Sigma in the coming weeks, the technology will enable us to rapidly and precisely target specific gene sequences for the creation of stronger fibers, advanced textiles and new bio-materials."
"ZFN technology has been revolutionary in genome engineering for various applications, including animal models of disease, engineering of biopharmaceutical production systems, academic research and therapeutics," said Dr. Joseph Bedell, Director of Sigma's Commercial Animal Technology Group. "Spider silk production is just the first example of a commercial animal application for this exciting technology."
"Kraig has the utmost confidence in the power of Sigma's zinc finger technology," said Mr. Thompson. "Sigma's agreeing to provide this technology by virtue of the licensing agreement to Kraig, is a real boost for us, and for the future of bio-materials and spider silk technology. We negotiated this agreement not only to accelerate our development of advanced materials, but also because I believe that Sigma's zinc finger technology will reinforce Kraig's competitive advantage in the field of bio-materials and advanced silk polymers. Kraig Biocraft Laboratories expectation is that the combination of Sigma-Aldrich's revolutionary technology and know-how, coupled with Kraig's proprietary bio-materials technology and know-how, will create synergies that will benefit both companies.
Sigma-Aldrich is a leading Life Science and High Technology company. Its biochemical and organic chemical products and kits are used in scientific research, including genomic and proteomic research, biotechnology, pharmaceutical development and as key components in pharmaceutical, diagnostic and other high technology manufacturing. The Company has customers in life science companies, university and government institutions, hospitals, and in industry. Over one million scientists and technologists use its products. Sigma-Aldrich operates in 38 countries and has 7,900 employees providing excellent service worldwide. Sigma-Aldrich is committed to Accelerating Customer Success through Innovation and Leadership in Life Science, High Technology and Service.