OCTI, BUGS, VGPR, BGNN, BTZO, USPR
Our Stocks to Watch tomorrow include Octus Inc. (OTCBB: OCTI), U.S. Microbics (OTCBB: BUGS), Vega Biofuels Inc. (OTC: VGPR), B Green Innovations Inc. (OTCBB: BGNN), Bitzio Inc. (OTCBB: BTZO) and U.S. Precious Metals Inc. (OTCBB: USPR).
OCTUS INCORPORATED (OTC: OCTI)
"Up 191.39% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/OCTI.php
Octus, Inc. is a leading building efficiency company headquartered in Davis, California that significantly reduces the utility costs of commercial, multi-family and institutional buildings through the financing and implementation of energy-efficient lighting, HVAC and water management systems and products. Octus' project development division, Quantum Energy Solutions, has completed more than 1,500 building efficiency projects for clients that include ARCO, Bank of America, Blockbuster, Delta Airlines, Frito Lay, Hewlett-Packard, Home Depot, Ikea, Nabisco, Pepsi, Petco, Safeway, Sears, and University of California.
August 17 - Octus Debuts RebateWorks Service
Octus, Inc. (OTCBB: OCTI), an innovative California-based resource efficiency company, today announced the debut of RebateWorks™, a multi-faceted service focused on simplifying the procurement of utility company rebates and incentives.
"Through RebateWorks, Octus delivers managed utility company rebate services to property owners, utilities and product manufacturers," said Octus CEO Chris Soderquist. "Over the past year, Octus has completed dozens of energy and water efficiency retrofit projects, all financed by generous rebates. The continued growth of resource conservation incentives combined with of our finance, technology and real estate expertise positions Octus to be a leader in the management and facilitation of rebates."
Resource efficiency, particularly when subsidized through rebates, presents hidden value in multi-family and commercial properties. However, the process of identifying, applying for, and procuring rebates is complex and time consuming, dissuading many property owners and managers from pursuing rebates, even when they stand to gain thousands — even tens of thousands — of dollars.
Octus has systematized the rebate process by leveraging its extensive working relationships with energy and water utilities, its understanding of rebates and incentives, its legacy of implementing energy and water efficiency retrofit projects, and its internal information systems.
"This is an established and growing market with latent demand for comprehensive rebate procurement and management services," said Soderquist. "As the cost of energy and water increases — and financial incentives to increase conservation proliferate — we believe the timing is ripe for RebateWorks."
According to the California Public Utilities Commission, energy efficiency programs managed by California's three investor-owned utilities have allocated $3.1 billion of ratepayer funding toward rebate programs in 2010-2012, a 42% increase over the prior three-year program cycle.
US MICROBICS (OTCBB: BUGS)
"Up 133.33% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/BUGS.php
U.S. Microbics is a holding company providing administrative management services to its operating subsidiaries. The company was incorporated in 1984 as Venture Funding Corporation and changed its name to Global Venture Funding, Inc. in 1993. Further, it changed its name to U.S. Microbics, Inc. in 1998. U.S. Microbics is headquartered in Carlsbad, California.
August 19 - Pechala's Reports Releases Research on US Microbics
There is a new research report out on U.S. Microbics (OTCBB: BUGS). Those interested can access it at http://bit.ly/n5NfGE.
VEGA BIOFUELS INCORPORATED (OTC: VGPR)
"Up 100.00% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/VGPR.php
Vega Biofuels, Inc. engages in the manufacture and sale of biofuel products worldwide. It provides various products, including biomass; energy efficient pellet fuels made from organic waste bi-products; and fire logs that are made of wax, saw dust, and other organic ingredients. The company focuses on providing bio-mass and bio-diesel products for power generation units. It also focuses on operating green energy power production facility that would convert methane gas into electricity and thermal energy. The company was formerly known as Vega Promotional Systems, Inc. and changed its name to Vega Biofuels, Inc. in January 2010 to better reflect the business of the company. Vega Biofuels, Inc. was incorporated in 1986 and is based in London, the United Kingdom.
August 19 - Vega Biofuels Provides Shareholder Update
Vega Biofuels, Inc. (OTC: VGPR) provides the following Update to Shareholders:
Dear Fellow Shareholders,
I would like to first thank you for your continued support. It is a very exciting time for the Company and I wanted to provide you with an update and status of our current business.
As I've stated before, prior to making the decision to build a bio-coal manufacturing plant, we put together an extensive plan that would maximize our opportunities in the industry so that we could fully implement our Business Plan and increase shareholder value. We are now in the process of implementing that plan.
When completed, the plant will produce green energy bio-coal for use in existing coal fired power plants around the world. We will manufacture the bio-coal from timber waste using a process called "torrefaction". The torrefied biomass will then be compressed into briquettes to be sold to the end user.
The following will give you an idea of what we have done so far and what remains to be done in order to begin shipping product.
Since what we are doing utilizes new technology, we felt that it was critical to surround ourselves with individuals that are experts in the biomass industry and that have previous experience with the torrefaction technology. After reviewing the credentials and history of several potential consultants and engineering firms, we entered into an Agreement with Louisiana based engineering services firm, Hunt, Guillot & Associates. HGA is a multi-disciplined project management and engineering services company and will provide many different services to Vega. We felt that HGA was a perfect fit for the Company because they had prior experience with building a torrefaction plant. In addition to engineering and design services, HGA will help the Company locate permanent personnel for the new plant.
A very critical piece to the overall puzzle is securing the necessary raw biomass to feed the daily requirements for the plant. In our case, the raw biomass to be used is timber waste. We knew that we wanted to locate the plant in an area of the country that was in close proximity to high quantities of timber waste. After researching various locations around the country, we decided that the best place to build the plant was somewhere in Georgia's Bioenergy Corridor. Tifton, Georgia was our first choice until we learned that there was a new Inland Port being built in Cordele, Georgia that would be an extension of the Port of Savannah, one of the Country's largest international shipping ports.
Through contacts that we had in the Crisp County area, we were introduced to individuals from the Crisp County Industrial Development Council. During meetings with the Executive Director of the Council, we were offered various incentives to locate the plant in Crisp County. Subsequent to these meetings, we made the decision to locate the plant in Cordele and began searching for a potential site. Through the IDC, we found a couple of existing facilities that would suit our needs.
The site we've selected is in a perfect location adjacent to the new Inland Port. We have met with a representative from Cordele Intermodal Services, a partner in the new Inland Port and were told that because the plant will be located next to the Inland Port, there would not be a charge for picking up our loaded containers to be sent to the Port of Savannah.
We have negotiated the terms of a Lease Purchase Agreement with the owner of the building and will provide details and post pictures on our website within the next few days. It's a wonderful facility located in the perfect area, right in the middle of the timber rich Georgia Bioenergy Corridor. According to a recent Forbes Magazine article entitled "America's Best Places For Alternative Energy," the abundance of biomass in Georgia's Bioenergy Corridor ranks third in the nation as a potential source of renewable energy. The article referenced the amount of privately owned forests in Georgia, more than any other state in the country, as a reason for the state's ranking.
We felt that it was critical to find someone that had expertise in Georgia's timber business and entered into an Agreement with The Timber Group, LLC to provide the plant with the necessary timber waste to keep the plant running at full capacity. The principals of The Timber Group are experts in the timber business, specifically Georgia's timber business.
Funding is a critical part of a project of this magnitude. We've secured interim funding from a group of current shareholders that will cover the Company's expenses during the design phase of the project. We are in discussions with other funding sources concerning permanent financing and will keep you updated as we have new information.
We have come a long way, but still have a long way to go. This is a very exciting project with many moving parts. We will have additional information about the project as we move forward.
I also want to address a couple of shareholder issues that we are aware of and are working to resolve.
I'm not sure if you aware that Penson, a large securities clearing firm made a decision a couple of months ago that they would no longer clear stock that was priced below $.10/share (ten cents). As you can imagine, when they made that decision a lot of the brokerage firms that cleared through Penson had to find another clearing firm. One of the options was Alpine Securities and as you can imagine, they have been inundated with new business.
Since the decision by Penson, we have heard from a few shareholders that are having problems trading our stock. There is not a problem with "our" stock, it is trading every day. The problem lies with the brokerage firm that holds the shareholder's account. If your brokerage firm clears stock through Alpine Securities, you may be experiencing problems with trading Vega's stock. Subsequent to all of the new business, Alpine has made the decision to hold the proceeds of a sale of our stock for up to 30 days before forwarding it to the seller's brokerage firm. Vega is not the only company that is having this problem. Companies that are not DTC eligible are the ones that are having this problem. In January of this year, DTC placed a chill on deposits and DWAC's of Vega's stock. Until now, this has not been an issue. It simply meant that rather than transferring our stock electronically, you would need to deposit an actual certificate with your brokerage firm. This is something that most Pinksheet companies experience and most shareholders are never concerned with since they purchase their shares in the open market and never have a reason to have an actual certificate.
We have been in contact with DTC in an effort to have them change our status back to the way it had been since 1986 and allow our stock to be transferred electronically. We have also been in contact with Alpine Securities on behalf of our shareholders and are trying to resolve the issue in a way that protects our shareholders until we can resolve the issue with DTC.
If you have a brokerage account with a firm that does not clear through Alpine, you are not experiencing this problem. If you are experiencing problems of any kind, please let us know and we will do whatever we can to help you.
We will keep you informed and make a public announcement once we resolve the issue.
Thank you for your interest in Vega Biofuels and for your continued support.
Michael K. Molen
Vega Biofuels, Inc.
B GREEN INNOVATIONS INCORPORATED (OTCBB: BGNN)
"Up 57.14% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/BGNN.php
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.
August 19 - B Green Signs Agreement With Telebrands 'As Seen on TV' to Market and License VibeAway®
A.J. Khubani, CEO of Telebrands Corp., Commented: "Given the Successful Track Record of the VibeAway® Product, and How Well It Responds to TV, Impulse, and Retail Display, We Are Confident About the Program Going Well Into the Test. Our Interests Are to Make the VibeAway® Product One of Our Multi-Million Unit Sellers"
B Green Innovations, Inc. (OTCBB: BGNN) announced that it has signed an agreement with Telebrands "As Seen on TV" to market and license its VibeAway® product.
"Telebrands As Seen on TV," established in 1983, is a full service marketing corporation complete with its own creative staff to create infomercials that often lead to widespread retail distribution in chain drug stores, mass merchandise, and specialty stores. Examples of retailers that carry Telebrands products include Wal-Mart Stores, Target Stores, Walgreen, CVS, and Bed Bath and Beyond. Today, the company markets some of the country's top direct response television products -- including the PedEgg, GoDuster, PediPaws, and others -- and includes the Telebrands Invention Channel, which can be seen on television, the Internet and retail shelves, as well as catalogs and print advertisements in more than 40 countries around the world. Telebrands has the ability to move millions of units through its proven combination of television and retail promotions.
"We believe that the VibeAway® product is appealing to Telebrands because it has been proven to appeal to consumers," said Jerry Mahoney, CEO of B Green. "We entered into this agreement because we believe that the consumer appeal of the VibeAway® and Telebrands' ability to promote products is truly a winning combination."
Telebrands is currently testing a variety of creative approaches to structure the correct sales message. If a successful test is executed by Telebrands, the VibeAway® product could begin a mass advertising campaign late in 2011.
BITZIO INCORPORATED (OTCBB: BTZO)
"Up 38.16% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/BTZO.php
Bitzio, Inc. is a company with a strong focus on smartphone applications, social media and marketing optimization. We work with developers of mobile applications to dramatically improve their marketing reach, sales conversion, revenue and bottom line profits. We envision a mobile community where mobile applications enable people to connect in new and meaningful ways, and where Bitzio is a key driving force enabling these connections.
August 22 - Bitzio, Inc. Forms New Board of Directors
New CFO Appointment Further Strengthens the Leadership Team
Bitzio, Inc. (OTCBB: BTZO) announced the appointment of R.W. (Bob) Garnett, William Schonbrun and Amish Shah to its Board of Directors. These new directors collectively bring over 70 years of proven leadership experience in building and scaling companies for exponential growth.
In addition, the Board is pleased to announce that Bob Garnett will also serve as Bitzio's Chief Financial Officer. A chartered accountant and Certified Corporate Director, Bob is a senior financial professional with over 40 years of executive management and Board experience. He has served as the CFO of a major public company with $700 million in revenue that grew through the acquisition of 100-150 companies each year, and restructured another public company with $400 million of revenue. He has served on the boards of seven public companies, and is currently the Vice Chair of the South Coast British Columbia Transit Authority (TransLink) and chairs the audit committee. Mr. Garnett currently serves on the board and is the audit chair of Great Panther Silver Limited, traded on the TSX and NYSE AMEX. Previously, Bob served as Chair and Vice Chair of Coast Capital Savings, a $12 billion financial institution. Bob is a graduate of the Institute of Corporate Directors and The Segal Graduate School of Business as a Certified Director (ICD.D).
William Schonbrun has over 20 years of experience in technology, management consulting and marketing, and is currently the Executive Vice President of Global Client Development at Blast Radius. In addition to his Board appointment, Mr. Schonbrun will also act as Special Advisor to the CEO and has been instrumental in recruiting the management team, Board and helping set the vision for Bitzio.
Amish Shah is known internationally for his vision and experience in mobile applications. He is co-founder and CEO of DigiSpace Solutions, which was listed in the Inc 500 as the 60th fastest growing private advertising company, and is currently Executive Vice President of Product Vision at Bitzio, Inc.
"This strengthening of our Board and our leadership team comes at a critical time, as we are laser-focused on developing the company into a key player in the social media and smartphone markets," said Gordon McDougall, CEO of Bitzio Inc. "The depth of experience the new directors bring to Bitzio is well matched for the challenges and opportunities ahead as we expand in this high growth area."
"From my experience in building businesses, I know that one of the most significant determining factors of success in early-stage companies is the management team," added Bob Garnett, director and new Chief Financial Officer. "I am delighted to join this particular management team and help Bitzio become a leading company in the social media and smartphone markets."
US PRECIOUS METALS (OTCBB: USPR)
"Up 26.64% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/USPR.php
USPR is a precious metal exploration company headquartered in Lithia, Florida and operates in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,300 acres of land in the State Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."
August 1 - U.S. Precious Metals Inc. Engages New York Based Investment Bankers DME Securities
U.S. Precious Metals, Inc. (OTCBB: USPR), announced that it has retained the investment banking firm DME Securities LLC (“DME”) a New York based investment bank and broker dealer, to provide a broad range of investment banking, strategic and financial advisory services.
Dave Burney, President of U.S. Precious Metals, Inc., stated, "The engagement of DME represents an important step in the continued execution of our business initiatives going forward. We are pleased to have partnered with DME and are confident in their ability to assist us in executing on strategic alternatives designed to help us maximize our Company's potential value.”
“Over the past 2 years we have conducted additional drilling on the La Sabila property (Solidaridad 1) and have announced the drilling assay results, and more recently we have had an independent 43-101 report completed, all of which we believe shows significant value in the property. As we consider all of our options, it is clear that we will need an investment bank with the expertise and experience to support our ongoing strategic needs. We are pleased that DME has joined us as a partner to assist us in achieving our goals. We believe the La Sabila property is ready to enter the next stage of its development. By hiring DME, we can explore the various options to move forward,” commented Shelly Baer, Chief Operating Officer of U.S. Precious Metals.
"We are very excited to have the opportunity to work with U.S. Precious Metals management and Board of Directors to provide strategy advice and financial advisory services as they move forward with the development of the La Sabila property. My team and I have conducted the initial stages of due diligence on the La Sabila property and we feel very confident that the opportunities, including but not limited to a possible joint venture and/or sale of a portion or the entire property can be attained in a relatively short period of time," said David Elias, CEO of DME Securities.
ABOUT DME SECURITIES LLC
DME Securities is a member firm of the NYSE, FINRA and a licensed broker-dealer. DME provides publicly trading companies with a full suite of investment banking services, including capital raises and mergers and acquisitions. DME Securities operates a full trading and brokerage operation on the floor of the New York Stock Exchange. Clients include some of the largest hedge funds, investment banks, pension and retirement funds and brokerage firms in the world.