XXIS, AVAL, GCEH, PWLK, SUNV, KTCC
Our Stocks to Watch tomorrow include 141 Capital Inc. (OTC: XXIS), Avalon Capital Holdings Corporation (OTC: AVAL), Global Clean Energy Holdings Inc. (OTCBB: GCEH), Powerlock International (OTC: PWLK), Sunovia Energy Technologies Inc. (OTCBB: SUNV) and Key Tronic Corporation (NASD: KTCC).
XXIS CORPORATION (OTC: XXIS)
"Up 275.00% on Wednesday"
141 Capital, Inc., a member of the National Futures Association registered with the NFA as a Commodities Trading Advisor, is a publicly traded company based in Chicago, utilizes electronic trading systems for trading financial products and providing trade recommendations listed on the world's derivatives exchanges, including foreign exchange futures and options (mostly on the Chicago Mercantile Exchange), equity index futures and options worldwide, energy futures and options, grain futures and options and fixed income futures and options.
April 30 -
141 Capital, Inc. Meets Disclosure, Market Transparency
141 Capital, Inc. (OTC: XXIS), in order to provide greater market transparency and meet its disclosure obligations, has filed a Disclosure Statement with The Pink Sheets containing audited financials for the years ending December 31, 2006 and December 31, 2007. The remainder of the Disclosure Statement includes the Company's share structure (authorized shares, outstanding shares, etc.) and other pertinent information as of February 29, 2008.
141 Capital is developing algorithmic trading systems and electronic trade recommendations that it will market to its customers. Trades will be made on the world's derivatives exchanges including foreign exchange futures and options (mostly, on the Chicago Mercantile Exchange), equity index futures and options worldwide, energy futures and options, grain futures and options and fixed income futures and options.
The Company has previously announced it has become a member of the National Futures Association, an industry wide, self-regulatory organization for the U.S. futures and certain jurisdictions in the domestic cash Forex business within the U.S. The Company has also disclosed that as part of its evolving business plans and growing investor interest, 141 Capital may purse additional registrations from regulatory organizations.
The Disclosure Statement may be found at www.pinksheets.com under the symbol XXIS.
With the Company's initial disclosure filing now complete, the management team will hereafter file required quarterly reports and expects to be in a position to announce further accomplishments for the benefit of its investors.
For a corporate profile of 141 Capital, Inc., visit www.audiostocks.com.
AVALON CAPITAL HOLDINGS (OTC: AVAL)
"Up 50.00% on Wednesday"
Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets, and distributes high-performance trading software to financial institutions that engage in online trading. The Company specializes in products and turnkey solutions related to the Foreign Exchange (Forex) market. For additional information, visit www.avaloncapitalholdings.com or e-mail
April 29 -
Avalon Capital Holdings Adds Market News Feed to the Company Website
Avalon Capital Holdings Corporation (OTC: AVAL), announced that it will be providing a news feed through its website. The news feed will have aggregated news about the Forex market from multiple sources and updates in real-time. This is intended to bring more visitors to the Avalon Capital Holdings’ website by providing the public a valuable information resource.
By bringing more visitors to the www.avalonch.com website, the company believes that more people will open live accounts utilizing Avalon FX Pro software underscoring the company’s commitment to spread awareness to individuals about Avalon FX Pro Trading Technology. The market news section of the website is accessible at www.avalonch.com/News/Comtex/Default.aspx.
GLOBAL CLEAN ENERGY HOLDINGS (OTCBB: GCEH)
"Up 50.00% on Wednesday"
Global Clean Energy Holdings, Inc. operates as a renewable energy company in the biofuels industry. It engages in the plantation, cultivation, harvesting, and processing of inedible feedstock to generate feedstock seed oils and biomass for the production of bio-diesel. The company was formerly known as Medical Discoveries, Inc. and changed its name to Global Clean Energy Holdings, Inc. in February 2008. Global Clean Energy Holdings is based in Los Angeles, California.
April 30 -
Global Clean Energy Holdings Forms Joint Venture With Accomplished Agricultural & Alternative Energy Entrepreneurs; Venture to Acquire and Develop Land in Mexico to Grow Jatropha Trees
Global Clean Energy Holdings, Inc. (OTCBB: GCEH) announced that it has formed a 50-50 joint venture with Los Angeles Businessmen Stewart A. Resnick and Selim K. Zilkha, both highly accomplished entrepreneurs who have developed successful agricultural & alternative energy companies. The joint venture’s mission is to acquire and develop non-food based land in Mexico to grow Jatropha curcas and commercialize oil and biomass derived from its fruit and seeds. Global Clean Energy Holdings and the joint venture partners have created a wholly-owned Mexican corporation to pursue these acquisition and development activities. Global Clean Energy Holdings, Inc. will manage the operations of the corporation and expects to consolidate the results for financial reporting purposes.
Under the terms of the joint venture, the investors will provide the capital to acquire the raw land and fund operations. The land the joint venture will plant and grow Jatropha on is non-productive land that has never been used for food production or for other agricultural purposes.
“We are excited that we have been able to form a partnership with two such accomplished and forward thinking executives,” said Richard Palmer, Global Clean Energy’s President and Chief Executive Officer. “Both Stewart and Selim have built highly successful companies, and we believe that their combined expertise in the agricultural and alternative energy sectors will prove invaluable as we commercialize oil and biomass derived from the seeds of Jatropha curcas.”
Mr. Resnick is chairman and owner of Roll International Corporation, a Los Angeles-based holding company, and has developed and owns a number of companies, including Paramount Agribusiness, POM Wonderful, Teleflora, FIJI Water, and Suterra. He is a member of the boards of UCLA Medical Sciences, Bard College in New York, and Conservation International and is a trustee of the California Institute of Technology.
“I am excited to participate in the acquisition and development of Jatropha,” said Mr. Resnick. “As somebody who has been actively involved in agribusiness for many years, I recognize the urgent need to develop energy feedstocks from sources that are not involved with the production of food, and we are very encouraged with the potential of Jatropha.”
Mr. Zilkha formed Zilkha Renewable Energy, a wind farm developer, in 1998 and sold it to banking giant Goldman Sachs in 2005. Currently he has business interests in Zilkha Biomass Energy, a company developing biomass to electricity solutions in the United States; Socratech, a biotech company that has as its goal the diagnosis, treatment and prevention of a variety of brain disorders; and Laetitia, a vineyard and winery in Arroyo Grande, CA. In 1983, he entered the energy business, starting Zilkha Energy Co., a successful enterprise that explored the Gulf of Mexico for oil and gas. The company was sold to Sonat Inc in 1998, which, in turn, was acquired by El Paso Corporation in 1999. In 1960, he founded Mothercare, a retail chain specializing in everything for the mother-to-be and her baby with branches in the United Kingdom, Europe, and the United States. He sold his interest in Mothercare in 1982.
“I am pleased to participate in this joint venture,” added Mr. Zilkha. “As somebody who has been at the forefront of developing alternative energy technologies for many years, I believe the Jatropha plant has the potential to be one of the significant solutions for the energy and environmental issues facing this planet.”
POWERLOCK INTERNATIONAL CORPORATION (OTC: PWLK)
"Up 40.00% on Wednesday"
PowerLock International is the manufacturer of the Power Lock® vehicle anti-theft system, the only system guaranteed to prevent your car, truck or van from being hot-wired and driven away. This is a totally unique "sealed" electronic system, impossible to circumvent. The system is continually armed by creating an open ignition circuit that disables the starting circuitry at the starter.
April 28 -
DUB Magazine Features Powerlock's Wheel Safe in Product Review and Installation
Powerlock International (OTC: PWLK) announced that DUB Magazine featured the Wheel Safe wireless security system for custom rims in an article that included a step-by-step installation of the Wheel Safe product.
As pointed out in the article, “However, because of their value, those dubs are a potential target for thieves.” By way of example, Wheel Safe was installed on a Hummer for the article that had a set of five 30-inch TIS wheels and Pirelli Scorpion Zero tires that costs $25,000.00.
ABOUT DUB MAGAZINE
DUB Magazine (www.dubmagazine.com) is the authoritative voice of the urban automotive universe, and the lifestyle it has given rise to. The original “celebrity driven vehicle” publication, DUB magazine’s foresightful, tell-it-like-it-is approach to what is hot and what is not has demonstrated the authenticity necessary to earn it the title “official voice of the urban youth market” by its readers and the credibility to be considered the only real source for future trends in the urban automotive market by industry professionals and taste-makers alike.
SUNOVIA ENERGY TECHNOLOGIES (OTCBB: SUNV)
"Up 43.14% on Wednesday"
Sunovia Energy Technologies, Inc., a development stage company, engages in engineering, developing, marketing, and distributing solar powered substrate technology in the United States. It is developing solar and non-solar powered substrates that permit sign-quality graphics to be run through printers with electric lighting embedded in the substrate. The company's proprietary products enable the convergence of technologies in the area of solar, micro-battery, chip-scale electronics, micro electro-mechanical systems, light emitting diodes, printable electronic inks, global positioning systems, and wireless communication technologies. Its product under development, Solar Stickers, a solar adhesive technology, integrates flex circuitry, photovoltaics, microbatteries, light emitting diodes, and radio frequency identification to form a printable solar lighted substrate that is illuminated from within. The company was founded in 2005 and is based in Sarasota, Florida.
April 30 -
Sunovia Completes Equity Raise
Proceeds Allocated to Scalable Cadmium Telluride (CdTe) Solar Cell Manufacturing Facility and High-Efficiency LED Lighting Solutions
Sunovia Energy Technologies, Inc. (OTCBB: SUNV) announced that it has completed its mezzanine round of financing. The company has currently raised a total of $12 million, and continues to allocate proceeds to the development of the scalable CdTe-based solar cell manufacturing facility and sales of the EvoLucia(TM) LED-based solid-state lighting solutions.
Sunovia and EPIR Technologies, Inc. (EPIR) have exclusively partnered to demonstrate a scalable manufacturing system for the production of low-cost, high-efficiency CdTe solar cells. More than $25 million has been invested into the companies' core CdTe research, development and design for the high-throughput CdTe-based manufacturing facility. Unlike other solar cell manufacturers that require substantial square footage for manufacturing, the companies' advanced manufacturing concepts should allow them to produce more than 100 megawatts (MWs) of high-efficiency CdTe solar cells within a 10,000 square foot area. The companies anticipate that the first scalable manufacturing system will be operational in less than 24 months and will have the capacity to produce more than 10 MWs of CdTe-based solar cells during the first year immediately thereafter.
"Initially, the high-efficiency CdTe-based solar cells are targeted at concentrated solar photovoltaic (PV) systems that support the commercial and utility-scale renewable energy markets. After demonstrating the scalable 10 MW high-throughput CdTe manufacturing system, we believe that the company will be ideally positioned to add additional capacity within a relatively short period of time in a cost-effective manner. In addition, the core manufacturing system is designed to have a very small footprint and can be scaled to meet the increasing demands, which are anticipated for this market throughout the foreseeable future," said Carl Smith, CEO of Sunovia. "Our aim is to achieve, or even undercut, the cost-per-watt manufacturing targets and timeframes, which are identified within the Department of Energy's Solar America Initiative, and we believe that we are uniquely positioned to accomplish this."
In addition, Sunovia's LED lighting subsidiary, EvoLucia(TM), recently completed a commercial installation of its ceiling or wall-mounted LED-based solid-state lighting solution. The installation called for the replacement of antiquated 120 watt incandescent fixtures with the new 22 watt EvoLucia(TM) fixtures which represents more than an 81% reduction in carbon emissions and more than a $1,000 savings per light over the life of the EvoLucia(TM) product. The energy and maintenance savings to this customer allow the fixture cost to be recovered within 18 months of the installation. EvoLucia products are guaranteed for five years and have a projected lifetime of at least 50,000 hours, or more than 15 years for products that are utilized eight hours everyday.
"LED lighting is the smartest and most efficient answer to energy-efficient lighting. When compact fluorescent bulbs are thrown away, the mercury (Hg) component poisons the land, and runoff allows the mercury to pollute our waterways. Our cost-efficient and environmentally responsible LED lighting products are the smartest answer to energy-efficient lighting. If you use compact fluorescent bulbs, please recycle them properly as future generations will pay severely for these shortsighted 'solutions'," added Smith.
KEY TRONIC CORPORATION (NASD: KTCC)
"Up 41.15% on Wednesday"
Key Tronic Corporation, doing business as KeyTronicEMS Co., and its subsidiaries provide electronic manufacturing services (EMS) and consumer related products for original equipment manufacturers primarily in the United States, Mexico, and the People's Republic of China. It also manufactures keyboards and other input devices for personal computers. The company's EMS services include product design, surface mount technologies for printed circuit board assembly, tool making, precision plastic molding, liquid injection molding, automated tape winding, prototype design, full product builds, and printing screened silver flexible circuit membranes. Key Tronic markets its products and services primarily through its direct sales department aided by field sales people and distributors. The company was founded in 1968 and is headquartered in Spokane Valley, Washington.
April 29 -
Key Tronic Corporation Announces Third Quarter Results
Third Quarter Revenue Up 9% and Earnings Up 57% Over Previous Year; Continued Expansion and Diversification of Customer Base
Key Tronic Corporation (NASD: KTCC), a provider of electronic manufacturing services (EMS), announced its results for the quarter ended March 29, 2008.
For the third quarter of fiscal 2008, Key Tronic reported total revenue of $51.5 million, up 9% from $47.2 million in the same period of fiscal 2007. For the first nine months of fiscal 2008, total revenue was $146.8 million, compared to $152.6 million in the same period of fiscal 2007.
Net income for the third quarter of fiscal 2008 was $1.2 million or $0.11 per diluted share, up 57% from $0.7 million or $0.07 per diluted share for the same period of fiscal 2007. For the first nine months of fiscal 2008, net income was $3.0 million or $0.29 per diluted share, up 19% from $2.5 million or $0.24 per diluted share for the same period of fiscal 2007.
“We are pleased with our strong year-over-year third quarter growth in revenue and earnings, driven by increased demand from both new and established customer programs,” said Jack Oehlke, President and Chief Executive Officer. “We were also pleased to see the expected improvement in our gross margin and profitability from the previous quarter.”
“During the third quarter, we continued to diversify our customer portfolio across a wide range of industries, winning new customer programs involving a consumer medical device, energy technology, home air filtration and specialized touch-screen panels. We expect these new programs to begin contributing revenue in fiscal 2009 and we continue to pursue new opportunities for profitable growth.”
For the fourth quarter of fiscal 2008, the Company expects revenue in the range of $50 million to $54 million, with earnings in the range of $0.10 to $0.15 per share.
Key Tronic will host a conference call today to discuss its financial results at 2:00 PM Pacific (5:00 PM Eastern). A broadcast of the conference call will be available at www.keytronic.com under “Investor Relations” or by calling 800-218-0204 or +1 303-262-2137. A 48-hour replay will be available by calling 800-405-2236 or +1 303-590-3000 (Reservation No. 11111515). A replay will also be available on the Company’s Web site.