ALGF, SFMI, CWET, WBSI, BIOF, IMDS
Our Stocks to Watch today include Algae Farm (USA) Inc. (OTC: ALGF), Silver Falcon Mining Inc. (OTC: SFMI), Clean Wind Energy Tower Inc. (OTCBB: CWET), WebSafety Inc. (OTCBB: WBSI), BioFuel Energy Corp. (Nasdaq: BIOF) and Imaging Diagnostic Systems Inc. (OTCBB: IMDS).
ALGAE FARM (USA) INCORPORATED (OTC: ALGF)
"Up 166.67% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/ALGF.php
ALGF is a development stage biotechnology developer of processes and systems that produce high yield, predictable, reliable, scalable and sustainable algal biomass, algae oil and residual biomass and in an indoor climate controlled environment. Algae Farm (USA), Inc. was founded in 1997 and is based in The Woodlands, Texas.
June 13 - Algae Farm (USA) Patent Update
Algae Farm (USA), Inc. (OTC: ALGF) announces that it has received an office action from the United States Patent and Trademark Office ("USPTO") requesting an election of claims. ALGF filed a non-provisional utility application, "Device and Method for Production of Algae," on August 30, 2010. The application has been in review status since the initial filing date. ALGF's IP (Intellectual Property) counsel was contacted by the USPTO on June 1, 2012 and provided an option to elect to split the originally applied-for patent into two separate patents. ALGF has elected to pursue its process claims on the initial filing and will pursue a divisional application for its mechanical apparatus claims.
"Specifically, the Company will now have two separate patent applications, one for its industry-unique process to grow algae indoors, and the other for its mechanical apparatus. As a result of these actions, our expectation is to be awarded two patents instead of one. The average time to be granted a patent from the USPTO on a filing such as ours is roughly three years. We are very optimistic that we will now receive two patents instead of the single patent originally applied for; owning the two separate patents will add to our portfolio of immediately marketable intellectual property and dramatically enhance our ability to commercialize our technology and attract viable, strategic alliances and partnerships in the cosmetics, nutraceutical, bio-plastic and bio-fuel market sectors. By separating our applied-for patent into two, we will further ensure that both our methodological process and our unique mechanical production equipment used to produce our product remain exclusive to ALGF. Therefore, we will enjoy a significant market advantage over any competitors utilizing traditional outdoor production methods," said Rick Berman, President and CEO.
SILVER FALCON MINING INCORPORATED (OTC: SFMI)
"Up 33.33% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/SFMI.php
Silver Falcon Mining, Inc. (SFMI) is a producer, developer and explorer of mineral resources, primarily in Owyhee County, Idaho, USA, with the objective of being a profitable, low-cost, precious metal producer and creating significant growth in shareholder value.
June 27 - Silver Falcon Mining, Inc. (SFMI) Provides Update on Diamond Creek Mill Expansion
Silver Falcon Mining, Inc. (OTC: SFMI) provides information to its shareholders on the progression of the expansion at the Company's 100% owned Diamond Creek Mill Facility.
The steel cladding on the extended structure, 40'x 40', is almost completed and will house the recently purchased, new flotation line. This floatation circuit will extract all of the available precious metal from processed tailings on site and will result in a reduction in the quantity of the material to be leached by a factor of ten. In other words, at the end of the process, SFMI will have a quantity of 3,000 tons of high grade concentrate ready for the closed-circuit leaching process. Management remains confident in getting this closed-circuit leach processing permit within a reasonable time-frame.
The Company has begun hiring qualified personnel in various skill sets to enable SFMI to act as its own contractor at both the mill site and the various projects throughout War Eagle Mountain. This will lower the cost of future expansion needs, maintenance issues, new construction projects directly or indirectly related to the mill site and/or the ongoing exploration and forthcoming developmental needs atop War Eagle Mountain.
Management is planning SFMI's annual shareholder meeting to be held in Murphy, ID in late September. Proxy and other materials regarding this date/time will be mailed in late summer with these particulars in the ensuing weeks ahead.
Mr. Pierre Quilliam, CEO, said, "Once the precious metal, contained in our ore on site, is fully extracted, we will have amply covered the mill expenses incurred since its opening and we will be poised to carry on a profitable milling operation which will then be used to process ore from the heart of War Eagle Mountain. This whole operation will have been achieved with minimal ecological disturbance and a whole gamut of benefits for the inhabitants and taxpayers of Owyhee County. Our heliport has recently contributed to saving the life of a badly injured tourist in the area, thus fulfilling the promise we made at the time of granting of the Diamond Creek Mill occupancy permit, that 'we would strive to not only be a good neighbor, but would go above and beyond to help the people of our community.' I look forward to seeing all shareholders of record at the upcoming shareholders meeting in September."
CLEAN WIND ENERGY TOWER INCORPORATED (OTCBB: CWET)
"Up 56.67% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/CWET.php
Clean Wind Energy Tower, Inc., a development stage company, focuses on the design, development, and construction of downdraft towers that use benevolent and non-toxic natural elements to generate electricity and clean water in the United States and internationally. The company was founded in 2010 and is based in Annapolis, Maryland.
No recent news for Clean Wind Energy Tower, Inc. (OTCBB: CWET).
WEBSAFETY INCORPORATED (OTCBB: WBSI)
"Up 14.29% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/WBSI.php
WebSafety, Inc. is the leading provider of mobile phone software solutions that notify parents and employers of cyberbullying, explicit or degrading texting, and suspicious or unlawful online behavior. The mobile software applications support devices using Android and BlackBerry wireless operating systems, and operate on all four of the major wireless carriers in the United States and the three major wireless carriers in Canada.
July 9 - WebSafety Settles Lawsuit and Reduces Liabilities
Rowland W. Day II, CEO of WebSafety, Inc. (OTCBB: WBSI), announced that WebSafety had settled the lawsuit that the landlord had filed against WebSafety for $75,000. This liability was listed as an "Accrued Loss Contingency" for the amount of $400,000 on the March 31, 2012 10Q.
Additionally, during the past five months WebSafety was able to convert an approximate $300,000 of liabilities into approximately 60,000,000 common shares, most of these shares were outstanding as of March 31, 2012.
Mr. Day stated that "WebSafety has substantially reduced its liabilities this year and will continue to do so. I am the largest creditor as I have continued to work without pay and loan money to WebSafety each month to meet its working capital requirements. There appears to be adequate debt and equity capital now available to finance WebSafety's growth as we are now beginning to market the software service. We are encouraged with both the direction and the interest in the software service. It clearly meets the need of the public to have a software solution that deters both cyber-bullying and distracted driving."
BIOFUEL ENERGY CORPORATION (NASDAQ: BIOF)
"Up 17.67% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/BIOF.php
BioFuel Energy Corp. engages in the production of ethanol in the United States. It has two ethanol plants that produce 115 million gallons per year, which are located in Wood River, Nebraska and Fairmont, Minnesota. The company was founded in 2006 and is headquartered in Denver, Colorado.
June 25 - Gevo and BioFuel Energy Announce Collaboration to Pursue Large-scale Isobutanol Production
BioFuel Energy Plant Retrofits Would Produce High Volumes of Isobutanol
Gevo, Inc. (Nasdaq: GEVO), a leading renewable chemicals and next-generation biofuels company, today announced progress under a collaboration with BioFuel Energy Corp (Nasdaq: BIOF) to explore high-volume production of isobutanol.
“The capacity of BioFuel’s plants would allow us to begin delivering isobutanol at the scale that refinery customers are likely to demand,” said Dr. Patrick Gruber, CEO of Gevo. “We have the potential to be at the forefront of the Advanced Biofuel market. BioFuel Energy recognizes this potential and has agreed to explore a possible retrofit of their assets to produce isobutanol.”
“Our philosophy has always been to actively explore emerging biofuel technologies, particularly those with the potential to transform our industry,” said Scott Pearce, CEO of BioFuel Energy. “Building on our initial work together over the past several months, we believe that collaborating with Gevo makes a lot of sense as a potential avenue to becoming a leader in second-generation biofuels.”
Although Gevo and Biofuel Energy signed a Development Agreement earlier this year, the companies only recently completed their preliminary evaluation of technical feasibility. The companies plan to continue working to develop large-scale production of isobutanol at an existing or future BioFuel plant. Specific objectives include a more rigorous assessment of technical feasibility and the development of timelines for engineering, regulatory approvals, financing and construction. The two companies will also explore the potential for seeking Advanced Biofuel status for isobutanol, which would allow domestic corn-based biofuels to compete more directly with biodiesel and imported ethanol produced from sugarcane.
Gevo recently began the start up of its first commercial-scale isobutanol plant in Luverne, Minn. with plans for another startup in 2013 at its Redfield, SD joint venture. By working with BioFuel Energy, Gevo is continuing to execute on its growth strategy and setting a clear path to achieving its projected volume targets.
Gevo is converting existing ethanol plants into biorefineries to make renewable building block products for the chemical and fuel industries. The Company plans to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a “drop in” basis into existing chemical and fuel products to deliver environmental and economic benefits. Gevo is committed to a sustainable biobased economy that meets society’s needs for plentiful food and clean air and water.
IMAGING DIAGNOSTIC SYSTEMS (OTCBB: IMDS)
"Up 20.00% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/IMDS.php
Imaging Diagnostic Systems, Inc. has developed a revolutionary new imaging device to aid in the detection and management of breast cancer. The CTLM® system is a breast imaging system that utilizes patented continuous wave laser technology and computer algorithms to create 3-D images of the breast. The procedure is non-invasive, painless, and does not expose the patient to ionizing radiation or painful breast compression. CT Laser Mammography (CTLM®) is designed to be used in conjunction with mammography. It reveals information about blood distribution in the breast and shows the process of angiogenesis, which usually accompanies tumor growth. CTLM system has received international certifications and licenses from the European CE mark, CMDCAS Canadian Health screening, China SFDA, India, UL, and ISO 13485. The Company is seeking FDA approval through the Premarket approval process.
No recent news for Imaging Diagnostic Systems, Inc. (OTCBB: IMDS).