OOAG, ELCR, IFLG, BGNN, AMCG, SNWT
Our Stocks to Watch tomorrow include OMDA Oil and Gas Inc. (OTC: OOAG), Electric Car Company Inc. (OTCBB: ELCR), InfoLogix Inc. (Nasdaq: IFLG), B Green Innovations Inc. (OTCBB: BGNN), Amico Games Corp. (OTCBB: AMCG) and San West Inc. (OTCBB: SNWT).
OMDA OIL AND GAS INCORPORATED (OTC: OOAG)
"Up 164.71% on Monday"
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition.
May 17 -
OMDA Oil and Gas, Inc. to Reduce the Authorized Shares by 97.5%
OMDA Oil and Gas, Inc. (OTC: OOAG) announced that it is in the process of reducing its authorized shares by 97.5%, from the current total of 10 billion down to 250 million total authorized shares.
OMDA Oil and Gas, Inc's. chairman, Adam Barnett, and its board of directors have agreed to complete this very large and significant reduction in order to eliminate the possibility of any share dilution to the company. This authorized shares total reduction is expected to be completed shortly and will be announced when complete.
OMDA's current total outstanding share count is 242,631,100. The company has not issued any new shares in over 16 months, nor has there been any issuance of stock of any kind during that time frame. There is also current board of director discussion pertaining to the possibility of retiring current outstanding shares back into treasury in the very near future. Updates on this stock value improvement goal and other very important legal updates are imminent.
"The reason we have decided to take this action at this time was to solidify shareholder confidence," stated OMDA Oil and Gas chairman, Adam Barnett. "With such a small difference between the current 242 million outstanding shares and the soon to be new total authorized of 250 million shares, any possibility of future dilution is eliminated. Obviously OMDA has incurred operating expenses over the last 16 months, including very costly litigation expenditures. We successfully got through this period without issuing any stock whatsoever, and I feel we can continue on this same course going forward as we are finally in a position to grow from within. As we reduce OMDA's outstanding shares over time we will also continue to reduce the authorized shares accordingly. Our shareholders have stuck by us for many years and we hope that by initiating this significant modification to the share structure of the stock we will give them confidence that their investment will not be adversely affected by dilution. Shareholder value must be realized and this step is a necessary one." Mr. Barnett concluded, "We will continue to release news and updates to keep our shareholders informed as to the completion of this share structure change, as well as other key pending developments mentioned above. There are also imminent key updates coming that have not yet been mentioned."
ELECTRIC CAR COMPANY INCORPORATED (OTCBB: ELCR)
Electric Car Company, Inc. is a vehicle conversion company that specializes in electric conversion and manufacturing for the livery and fleet markets including corporate VIP, Party Buses, Municipal Buses and Delivery Vehicles. The company brings together businesses specializing in customizing vehicles and powertrains. This proven business strategy is building a dominating presence in the aftermarket automotive up-fitter segment, including, but not limited to "Pure Electric" cars, liquid propane conversions, limousines & other livery vehicles, specialty fleet vehicles, classic automobiles and custom restorations. The Company fully expects to have the first zero emissions, "Pure Electric" livery vehicle ready to unveil by second quarter of 2010. The long-term strategy is to offer and expand the company's line of products that will revolutionize the specialty automotive vehicle market. Electric Car Company's wholly owned subsidiary, Imperial Coach Works, Inc. and its custom manufacturing division, Imperial Coach Builders, Inc., is a limousine and specialty vehicle manufacturing entity that operates out of a 60,000-square foot facility in Springfield, MO.
April 26 -
Electric Car Company, Inc. Reports $584,000.00 in Signed Purchase Orders for the Three Months Ended March 31st, 2010
Sales Represent Over Half of Revenues Generated in 2009
Electric Car Company, Inc. (OTCBB: ELCR), a vehicle conversion Company that specializes in electric conversions and manufacturing for the Livery and Fleet Markets, announces that for the first three months ended March 31st, 2010 the Company reports $584,000.00 in signed purchase orders. This represents a total of 13 vehicles being manufactured or converted into specialty vehicles.
Estimated sales reported in the first three months of 2010 represent more than half of the entire revenues generated in 2009. It is important to note that actual revenue to be realized by the Company is dependent on delivery of the vehicles and may not be reported as revenue during the first quarter. It is expected that all vehicles will be completed and delivered by the second quarter of 2010.
In the 10-K recently released for year ended December 31st, 2009, the Company reported total revenues of $1,144,000.00 with a net loss from continuing operations of $1,911,499.00. Losses are attributed to high start up costs as well as a softening of the credit available in the automobile market.
The Electric Car Company (ECC) reports that approximately 50% of orders in the first quarter consisted of buses to be converted into specialty "Party Buses" commonly used for special events such as weddings and sporting events. The balance of production consists of standard limousines manufactured from Cadillac Escalades, Ford Navigators and Hummers.
Among the limousines being manufactured are 2 "Pink" super stretch limousines. ECC has committed to make a contribution to the Breast Cancer Foundation of the Ozarks, for every pink limousine sold. This was made mention of in a previous press release dated November 6th announcing the Company's attendance at the Limo Digest Show held in Atlantic City, NJ.
Management would like to inform the public that the Company has maintained its QVM Program qualification requirements with Ford Motors. This qualifies ECC to be eligible for Ford's new 4-year, 150 thousand mile warranty, only available to qualified QVM builders.
Mr. Gary Spaniak, CEO of Electric Car Company, Inc., stated, "In light of a tough last year and other contributing factors, I think we did very well." Mr. Spaniak continued by stating, "We are very excited about how this year has started and the Company has many exciting prospects for the future."
INFOLOGIX INCORPORATED (NASDAQ: IFLG)
"Up 61.20% on Monday"
InfoLogix is a leading provider of enterprise mobility solutions for the healthcare and commercial industries. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare Health System and Stanford School of Medicine.
May 17 -
Samsung Mobile Planning to Work with InfoLogix to Deliver Mobile Managed Services
Samsung Telecommunications America (Samsung Mobile), the No. 1 mobile phone provider in the U.S.1, and InfoLogix, Inc. (Nasdaq: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today their plans to collaborate on delivering mobile managed services to customers throughout North America.
As a leader in researching, developing and marketing wireless handsets and telecommunications products throughout North America, Samsung is focused on providing enterprise customers with new solutions to power business applications that drive bottom-line business goals. InfoLogix, in serving more than 2,200 commercial and healthcare organizations throughout North America, has pioneered new mobility offerings to meet the distinctive needs of these organizations for nearly a decade. InfoLogix’s comprehensive Mobile Managed Services offering provides a cost-effective way for enterprises to design, deploy and manage a fully-integrated mobile infrastructure, including wireless monitoring and device management, help desk support, and end-user education and training.
“We are eager to work with InfoLogix to provide enterprise customers with a complete solution for achieving the full benefits of mobility throughout their organizations, both inside and outside the four walls,” said Gavin Kim, vice president of content service and enterprise enablement for Samsung Mobile. “As one of the most respected names in the industry, InfoLogix continues to be at the forefront of mobile advancements and, in collaboration, we look forward to bringing the best in Samsung mobile technology and InfoLogix services to organizations across the country.”
“The combination of Samsung’s advanced mobile technology and InfoLogix’s depth of knowledge in managed services can produce powerful results for enterprise organizations,” said David Gulian, president and CEO of InfoLogix, Inc. “By collaborating with an elite, worldwide leader in mobile communications like Samsung, we have the potential together to create new, groundbreaking mobile solutions that address the day-to-day challenges that organizations face in becoming more efficient, effective and competitive in the global marketplace.”
ABOUT SAMSUNG TELECOMMUNICATIONS AMERICA
Samsung Telecommunications America, LLC, a Dallas-based subsidiary of Samsung Electronics Co., Ltd., researches, develops and markets wireless handsets and telecommunications products throughout North America.
ABOUT SAMSUNG ELECTRONICS
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs.
B GREEN INNOVATIONS INCORPORATED (OTCBB: BGNN)
"Up 80.00% on Monday"
The B Green Innovations, Inc. ("B Green"), "Go Green" mission from its inception, is to create a "Green" company for the development of solutions to eliminate waste from the world's environment. B Green offers consumers a realistic and necessary solution to the problem of waste around the world. We believe that to truly have an impact on the planet, one must be committed to the environment and seek out environmentally-friendly products.
May 17 - B Green Innovations Reports Record Net Income of $1,377,137 for First Quarter 2010
In the Same Time Period Last Year, the Company Reported a Loss of $825,857, a Net Positive Change of $2,202,994
B Green Innovations, Inc. (OTCBB: BGNN) reported on a Form 10-Q filing with the Securities and Exchange Commission, net income of $1,377,137 for the three months ended March 31, 2010. In the same time period last year, the Company reported a loss of $825,857, a net positive change of $2,202,994. Other Income was $1,499,926 for the three months ended March 31, 2010 as compared to an expense of $690,543 for the three months ended March 31, 2009.
Total revenues increased 182% for the three months ended March 31, 2010. Gross profit increased 292% for the three months ended March 31, 2010. Total operating expenses decreased 1% for the three months ended March 31, 2010.
Jerry Mahoney, Founder of B Green, commented, "We are proud to report these results for the three months ended March 31, 2010. The company is doing an excellent job of delivering great results. We look forward to continuing to deliver superior results throughout the rest of the year. Shareholders should read the complete details for the quarter ended March 31, 2010 in the Company's recently filed Form 10-Q with the SEC."
AMICO GAMES CORPORATION (OTCBB: AMCG)
"Up 61.11% on Monday"
Amico Games Corp. is a software company specializing in developing mobile phone games for the Chinese market. On December 31, 2009, Amico acquired Galaxy Software Limited is a Chinese private-owned company incorporated in November, 2001. Galaxy is one of the earliest mobile phone multiplayer game developers in China, as well as one of the first Chinese company to develop and operate Java™ MMRPOG (massive multiplayer role playing online games) mobile phone games. It is also the first company to provide multiplayer games over the WAP platform of China Mobile, the world's largest mobile phone provider based upon subscribers.
May 14 -
Amico Enjoys Smooth Growth in New Game Users in February 2010
Amico Games Corp. (OTCBB: AMCG), an information technology company specializing in developing and operating mobile phone multiplayer networked games, announces that the number of its total game registered users has reached 22,492,726 as of February 28, 2010; of which 898,209 were new registered users joining during the month of February.
"We are glad to observe a smooth new user growth in past several months, with increases of 898,209 new users in February and similarly 992,578 in January, 2010. We prefer to see this consistent growth to rapid spikes as it indicates that our game is a mature product recognized by users in the marketplace," Mr. Peter Liu stated, Amico's President and CEO, "Even if there is not much change or upgrades to our games, our users continue a stable growth trend. I believe that there will more users joining our games in the future with the implementation of our new R&D plans."
SAN WEST INCORPORATED (OTCBB: SNWT)
"Up 35.58% on Monday"
San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies; products are sold via three divisions: at retail store locations; via the online store and; through its growing dealer network. Buggy repair services are sold and fulfilled at the Santee California retail location.
May 17 - San West, Inc. Reports Record Revenue for First Quarter 2010
San West, Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry and operator of the industry leading On Road Vehicle portal, www.CountyImports.com, reported financial results for its first quarter of 2010, the period ended March 31, 2010 and provided guidance for expected second quarter 2010 results.
Operational and Corporate Highlights
* Introduced a new motorized scooter, a 300cc Chariot, with best-in-class power and unprecedented range targeted to the mass market. The 300cc Chariot attracts a full spectrum of riders and generates enough power to literally drive across the United States at speeds of 100 miles per hour with 80 mile per gallon efficiency. To complement the power and environmentally favorable performance, all 49cc-300cc Trikes sold by CountyImports.com, including the 300cc Chariot, are equipped with a fully automatic CVT power train and reverse-drive capabilities.
* The Company announced significant improvements to a number of key business metrics pertaining to efficiency of the online advertising strategy employed by partner website, www.CountyImports.com. The keyword marketing overhaul campaign, launched in early February and announced March 4, 2010, has rapidly transformed www.CountyImports.com into the leading online on and off-road vehicle (ORV) dealer with regard to "natural" or "organic" web traffic, driving a record flow of free, highly-targeted web traffic to the website, and in turn facilitating a 37% decrease in overall online advertising costs compared to both 2008 and 2009, the two most lucrative years in the website's history.
* San West and Buggy World awarded a custom Buggy World "Truggy" to Solana Beach resident Kim Thompson at the KSON 97.3 and 92.1 FM CountryFest on May 1, 2010 at the Lakeside Rodeo Grounds in Lakeside, Calif.
* The Company announced that management is now aggressively searching for a new Orange County, CA retail location to focus primarily on further accelerating sales of San West's burgeoning motorized scooter offerings, as well as its traditional selection of high performance buggies. San West, Inc. management is now in the final stages of negotiations with a number of prime locations and intends to announce an agreement within the next 30 to 90 days.
First Quarter Financial Results
The Company reported revenues for the first quarter of $493,615, an increase of 175.1% compared to revenue of $179,423 for the first quarter of 2009. This represents the highest sales for any first quarter in San West's history. Gross profit for the quarter was $135,492, or 27.4% gross profit margin, compared sequentially with gross profit margin of $111,641, or 22.3% for the fourth quarter of 2009 and compared to gross profit of $65,544 or 36.5% gross profit margin for the first quarter of 2009. Total operating expenses were $924,422, an increase compared to $215,547 for the three months ended March 31, 2009. The increase in expense is mainly due to the recognition of $642,175 in non-cash stock compensation primarily related to our new director, Jesse Gonzales, receiving five million shares of restricted common stock valued at $467,500 and other stock compensation expenses. Excluding stock compensation, SG&A was $282,267, or 31.0% higher than the first quarter of 2009. Net loss for the quarter was $(952,404), or ($0.01) per share, compared to a net loss of $160,154, or ($0.00) per share, for the first quarter last year.
"This was a strong start to what we believe will be a record 2010, including the highest sales volume in any first quarter in our company's history," commented Frank Drechsler, President and CEO of San West, Inc. "We exceeded our guidance for the first quarter of the year, a quarter that is typically seasonally lower than other periods, and our efforts to attract natural traffic to our online properties is continuing to result in higher conversion rates, more revenue per sales, and repeat customers. We continue to believe that as we execute our strategic plan, the advertising adjustments, combined with our search engine optimization and marketing strategies, will result in significant growth in our online revenues. In addition, our efforts to bolster our retail, brick-and-mortar presence in Southern California, should benefit our financial results as well."
For the second quarter ended June 30, 2010, management expects revenue of at least $1 million, which would be the highest revenues in San West history.
Mr. Drechsler concluded, "San West and CountyImports.com management continue to be excited about the future. As we move into the seasonally stronger part of our fiscal year, coinciding with the start of the ORV season, we are well positioned as a recognized leader in the ORV industry. Our efforts to bolster our online properties and reduce our customer acquisition costs position us for success in the future, and we continue to believe 2010 will be a record year for San West."