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GFGUE, GSLO, NXTH, LIEG, BZCN, EXTO
Our Stocks to Watch tomorrow include Getfugu Inc. (OTCBB: GFGUE), GoSolarUSA Inc. (OTC: GSLO), NXT Nutritionals Holdings Inc. (OTCBB: NXTH), Li3 Energy Inc. (OTCBB: LIEG), BizAuctions Inc. (OTC: BZCN) and Exit Only Inc. (OTC: EXTO).
GETFUGU INCORPORATED (OTCBB: GFGUE)
"Up 300.00% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/GFGUE.php
Getfugu, Inc.'s revolutionary "See It, Say It, Get It" technology is the first carrier agnostic, platform agnostic mobile search platform. Getfugu will change the way people access the web with their mobile phones. It is designed to facilitate and encourage users by integrating the mobile phone's core strengths — image, voice and location recognition — into a single customizable application. Additionally, Getfugu offers the only mobile e-commerce platform available worldwide today. The Getfugu platform will soon be available for 97% of the mobile phones available (over 3.3 billion handsets) worldwide.
GFGUE News:
August 27 - Federal Court Throws Out Frivolous RICO Claims Against Getfugu
Getfugu (OTCBB: GFGUE), the next generation mobile search tool, announced that U.S. District Court Judge George H. King has dismissed a civil RICO lawsuit brought against the Company and its officers and directors. The court determined that there was absolutely no valid basis to file a lawsuit accusing the company of being a racketeer influenced corrupt organization, denied leave to amend, and dismissed the claims with prejudice.
"After a detailed and thorough review of all the allegations, the judge has found that plaintiffs' RICO claims never even should have been filed," said the Company's attorney, John C. Kirkland, a partner at Luce, Forward, Hamilton & Scripps LLP. "They were utterly and completely without any legal merit whatsoever."
"This is a new day for Getfugu," said Rich Jenkins, the Company's Co-Founder. "The floodgates have been opened for a host of new business opportunities that have been held up because of these spurious and unfounded claims. We expect now to be able to swiftly activate our business plan, which emphasizes Augmented Reality in commerce, entertainment, sports, and even politics."
"The Federal Court decision today means that the cloud under which we have unjustifiably been forced to operate over the last nine months has been lifted," observed Carl Freer, GFGU's Co-Founder and Chief Executive. "Having this frivolous lawsuit thrown out will allow us to begin rebuilding revenue and re-establishing stakeholder confidence that was wrongfully put on hold. We look forward to rapidly regaining our advanced position in the further development of 'See it, Say it, Get it' technology to connect consumers and manufacturers."
GO SOLAR USA INCORPORATED (OTC: GSLO)
"Up 29.55% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/GSLO.php
GoSolarUSA identifies and develops new solar energy technologies in the United Sates. Our motto is “Invent it here, Build it here and Sell it to the World!” While green technologies like wind and solar manufacture their products in China and Europe and import them to the U.S., we are focused on developing and manufacturing our products in the United States. We believe this not only creates high-quality jobs in America, but it insures the quality and availability of our products.
GSLO News:
August 27 - GoSolarUSA Funds the Development of PREEcharge for iPAD and Kindle
Agreement Entitles GSLO to Future PREEcharge Income From the iPAD and Kindle Applications
GoSolarUSA (OTC: GSLO) announced that management has inked another groundbreaking deal with PREE Corp to configure its proprietary PREEcharge technology for use with the iPAD and Kindle. On Monday, GSLO President Tyson Rohde met with the PREE team to discuss the patent application, development and future capital needs for the commercialization of PREEcharge technology. By Friday they had reached another deal.
“I was blown away by the potential of this new technology,” stated Tyson Rohde, President of GoSolarUSA. “The engineers and business development team at PREE are doing something profound, and I think people will understand its value fast.”
The PREEcharge technology captures electrons from LAN and Bluetooth waves and converts it into power to recharge batteries for wireless devices. The technology also incorporates a small solar panel to augment the charge with solar energy. To date, the entire product development has been focused on configuration for use with smaller wireless devices such as Apple’s (Nasdaq: AAPL), iPhone, Google’s (Nasdaq: GOOG) Android, and Research in Motion’s (Nasdaq: RIMM) BlackBerry. Now with the funding from GoSolarUSA, PREE will be able to accelerate the development of the PREEcharge for use with wireless PC tablets.
“Why are the iPAD, Kindle and other PC tablets ideal for the PREEcharge?” asked Mr. Rohde. “The answer is simple,” he continued. “The surface area of an iPhone is 10.39 square inches, and the surface area of an iPAD is 71.41 square inches. More surface area means bigger circuit boards, more antennas for receiving wireless signals, and ultimately a lot more power. In fact, if this proportion holds, the PREEcharge could have the potential to generate seven times more power for the iPAD than it makes for the iPhone,” he concluded.
According to Apple, users can run the iPAD for up to 10 hours while surfing the web on Wi-Fi, watching videos, or listening to music. With the PREEcharge technology, it is expected that battery life can be substantially increased to meet the high power needs of today’s tablet PC users.
The wireless tablet PC market is expected to grow at alarming rates in the coming years. While 305.8 million units shipped worldwide in 2009, Gartner forecasts 2010 shipments to reach 366.1 million units, with spending reaching $245 billion — an increase of 12.1 percent over 2009 spending.
Further, the tablet PC space, rejuvenated by the Jan. 27 introduction of the Apple iPad, is being reconsidered by many, according to Gartner, and 2010 could see shipments of up to 10.5 million “tablets and next-generation tablet devices” worldwide. Technology researcher, Gartner, delivers technology research to global technology business leaders to make informed decisions on key initiatives.
August 26 - PREE Corp. to File Provisional Patent Application This Week for Breakthrough Smartphone Charger
PREEcharge Prototype is Designed to Harness Energy from WLAN Transmissions and the Sun
GoSolarUSA Inc. (PinkSheets: GSLO) announced that its new development partner, the PREE Corporation, expects to file a provisional patent application for its revolutionary PREEcharge design this week. The provisional patent application will be filed with the U.S. Patent and Trademark Office and will describe the PREEcharge, a breakthrough device that utilizes new technology to charge smartphones using inbound signals such as Bluetooth channels, CDMA transmissions and wireless local area networks. The PREEcharge also features solar cells that supplement the power needs of smartphones and other mobile devices.
The PREE Corporation inked a profit participation agreement with GoSolarUSA in July.
“Once this application is filed, GoSolarUSA is ready to forge ahead alongside the PREE Corporation to ready this technology for the market,” said Tyson Rohde, President and CEO of GSLO. “The PREEcharge is a flagship product that we believe will revolutionize the use of mobile smartphones and other portable electronics worldwide.”
The PREEcharge can be adapted for use with a wide range of smartphones, including Apple’s iPhone (Nasdaq: AAPL), Research in Motion’s Blackberry (Nasdaq: RIMM), and Google’s Android (Nasdaq: GOOG). With sophisticated mobile applications requiring ever more battery power, smartphone batteries can expend five to ten percent of their charge every hour while in use. The PREEcharge is designed to allow smartphone users to charge their phones wirelessly using energy harvested from wireless LAN waves and solar rays.
GoSolarUSA aggressively acquires, develops, and markets the most promising and potentially profitable American solar technology possible, making the company a natural partner for the PREE Corporation.
NXT NUTRITIONALS HOLDINGS INCORPORATED (OTCBB: NXTH)
"Up 11.68% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/NXTH.php
Headquartered in Holyoke, MA, NXT Nutritionals Holdings, Inc., through its wholly owned subsidiary NXT Nutritionals, Inc., is a developer and marketer of proprietary, patent-pending healthy alternative sweeteners, food and beverage products. The common ingredient for all of the Company’s products is its all-natural sweetening system SUSTA™, a minimal calorie, all-natural, nutritional sweetening system. SUSTA™ currently serves as an ingredient and sweetener for the Company’s nonfat all-natural Healthy Dairy™ yogurt smoothies and is marketed as a standalone product as well. More information about the Company may be found at www.nxtnutritionals.com.
NXTH News:
August 9 - NXT Nutritionals' SUSTA Natural Sweetener Approved in Food Lion Supermarkets
SUSTA™ Expands Footprint into 1,300 Additional Stores
NXT Nutritionals Holdings, Inc. (OTCBB: NXTH) (“NXT Nutritionals”) developer and marketer of SUSTA™ Natural Sweetener, the great tasting, all-natural, healthier sweetener, today announced its SUSTA™ Natural Sweetener 50 Packet Boxes and SUSTA™ Bowl have been approved in supermarket chain, Food Lion and all its banners: Bloom, Harveys and Reid's. This will help build SUSTA’s footprint along the eastern border of the United States, with approximately 1,300 new locations added in Pennsylvania, Delaware, Maryland, West Virginia, Virginia, North Carolina, South Carolina, Georgia, Kentucky, Tennessee and Florida.
“Known as one of the largest supermarket companies in the United States, Food Lion services over 10 million customers weekly and we are pleased to have SUSTA available to our consumers in these locations," said Michael McCarthy, president and CEO of NXT Nutritionals. "Our expansion along the whole eastern seaboard is finally complete, and we expect to add several more chains before year’s end."
"We are thrilled to now have SUSTA Bowl available to our consumers in a retail setting and we expect our current list of supermarkets and grocery chains to also begin carrying SUSTA Bowl by this fall," added McCarthy.
Food Lion LLC, based in Salisbury, N.C., operates more than 1,300 supermarkets, either directly or through affiliated entities, under the names of Food Lion, Bloom, Harveys or Reid's. These stores meet local customer needs and preferences for the freshest and best quality products. The Food Lion family employs approximately 74,000 associates in 11 Southeast and Mid-Atlantic states. For more information, please visit: www.foodlion.com.
SUSTA is currently sold in A&P Fresh, Albertson’s Stores, Associated Supermarkets, Big Y, D'Agostino, Food Emporium, Foodtown, Gristede’s, Key Food, King Kullen, Kings Super Markets, Kroger, Met Foodmarkets, Pathmark, Pioneer Supermarkets, Publix, ShopRite, Shaw’s Supermarkets and Waldbaum’s. Adding Food Lion and its banners, Bloom, Harveys and Reid's, SUSTA will be available in over 3,800 locations.
LI3 ENERGY INCORPORATED (OTCBB: LIEG)
"Up 46.34% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/LIEG.php
Li3 Energy, Inc. is an early stage, U.S. public company pursuing a strategy in the lithium mining and energy sector in the Americas, with a focus on identifying and acquiring opportunities in Peru, Argentina and Chile. Li3 Energy's goal is to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and "green" energy initiatives.
LIEG News:
August 11 - Li3 Energy, Inc. Announces the Acquisition of a Nitrate-Iodine Project
Li3 Energy, Inc. (OTCBB: LIEG) ("Li3" or the "Company") announced it has executed a Stock Purchase Agreement ("SPA") with mining private equity funds ("Sellers") managed or advised by Pacific Road Capital Management ("PRCM") to acquire a Cayman based company which has a 100% interest in a nitrate-iodine project in northern Chile.
The property, known as the Alfredo Project ("Alfredo"), covers approximately 6,670 acres (2,700 hectares), comprising six concessions, and is located southeast of the city of Iquique near the mining community of Pozo Almonte. Alfredo is situated in the proximity of the caliche mines, nitrate and iodine manufacturing facilities of SQM and ACF Minera. Caliche deposits in northern Chile contain the largest known iodine and nitrate deposits in the world.
An independent drilling, sampling and geophysical evaluation of Alfredo estimated an inferred resource of 63.5 million tonnes of caliche ore containing 4 million metric tons of nitrate and 12,000 metric tons of iodine with an average grade of 6.3% nitrate using a 4% cut off grade. These results were based on a 400 x 400 meter drill grid at an average depth of 6 meters on 93% of the property.
The drilling, sampling and the analytical programs were carried out according to protocols that conform to NI 43-101 standards and were based on protocols used by other mining companies for caliche deposits. In addition, an independent technical report conforming to NI 43-101 standards for Alfredo has been commissioned by Li3.
In exchange for the Alfredo property and pursuant to the SPA, the Company has issued an aggregate of 10,000,000 shares ("Purchase Price Shares") of Li3 common stock to the Sellers and their designees. There were 8,800,000 Purchase Price Shares issued to the Sellers that are subject to an 18-month lock up period pursuant to the SPA. In addition, the Company is required to make cash payments totaling $5.5 million, if, as and when certain milestones relating to Alfredo's development are reached; provided, that the Sellers may elect to receive shares of the Company's common stock (valued, for such purpose, based on market prices at such time) in lieu of cash for all or any portion of such milestone payments.
The SPA also grants the Sellers options to purchase additional shares of Li3 common stock. First, within 60 days of closing under the SPA, Sellers may purchase between $2,500,000 and $10,000,000 of Units (as defined below) at a price of $25,000 per Unit. Each "Unit" consists of (i) 100,000 shares of the Company's common stock; and (ii) five-year warrants to purchase 100,000 shares of the Company's common stock at an exercise price of $0.50 per share. Second, upon the Company's completion of a NI 43-101 Inferred Resource Report on Alfredo and on at least one lithium property in Argentina, the Sellers would have the right to purchase, at a market-based price, shares of the Company's common stock having an aggregate purchase price of up to $10,000,000 less the dollar amount of any Units subscribed for pursuant to the first option.
Luis Saenz, Chief Executive Officer, stated: "We believe the Alfredo acquisition is a great addition to our portfolio and will create significant chemical manufacturing synergies with our lithium properties. Revenue from the potassium nitrate and iodine produced at Alfredo and the sodium sulfate byproduct will contribute to making Li3 a low cost lithium producer as the Company goes forward. Finally, we welcome Pacific Road as a significant shareholder and potential strategic partner."
ABOUT PACIFIC ROAD CAPITAL MANAGEMENT
PRCM is a Sydney-based private equity manager investing in the global mining industry. The private equity funds managed or advised by PRCM provide expansion and buyout capital for mining projects, mining related infrastructure and mining services businesses located throughout resource rich regions of the world. PCRM's business strategy is grounded on establishing a partnership between investees and investors. PRCM strives to be a real partner with its portfolio investment entities, providing not only capital, but business expertise and access to networks and resources enhancing prospects for long-term success.
BIZAUCTIONS INCORPORATED (OTC: BZCN)
"Up 33.33% on Friday"
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.
BZCN News:
August 25 - BizAuctions and La Jolla Liquidation Joint-Venture Opens Outlet-Retail Store
BizAuctions, Inc. (OTC: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, and La Jolla Liquidation and Auction Co. announced the Joint-Venture opened the BizAuctions-La Jolla Outlet Retail store in its current warehouse-office in Otay Mesa, California on Tuesday, August 17, 2010.
Delmar Janovec, BizAuctions' CEO, remarks, "The BizAuctions-La Jolla Outlet store opened on Tuesday with modest sales that exceeded expectations. The first six days of sales at the Outlet Store consisted of some name brand clothing and general merchandise such as Polo, Levis, and Lucky jeans, and Dyson, Bissell, Eureka, and Shark vacuum cleaners, Oster blenders, Shark Home Irons, Samsonite luggage, Hamilton Beach coffee pots, bedding, and other name brand household merchandise. Sales were approximately $9,545.00, and with virtually no marketing. Once we add marketing and some name brand electronics to the mixture of merchandise, I believe we could very easily see sales of $5,000.00, per day, and probably much higher. On an annualized basis that is approximately $1,325,000.00 in additional revenues that will generate net profits and flow to the balance sheet. Customers represented a cross section of clientele from BizAuctions eBay customers, other businesses within the Corporate Business Center (where the warehouse-office is located), customers from the California Department of Motor Vehicles (located adjacent to the Corporate Center) and customers from the traffic flow on the 905-Otay Mesa highway, all looking for quality brand name merchandise at a significant savings from typical retail prices. All in all, it was a good opening first week of sales that should continue to build each day with new and repeat customers."
Romy Ashjian, President of La Jolla Liquidation, comments, "I was optimistic the Outlet Store would do fairly well in sales due to the quality of our name brand merchandise and once there was some local marketing efforts put forth. Based upon the first six (6) days of sales, and the satisfaction that I saw from the customers of the pricing and quality of merchandise being purchased, I'm now confident we can build a solid base of new customers each day and should see sales topping $5,000.00, per day, and beyond, very soon."
"BizAuctions opened its 1st retail store on May 29, 2009 in the Chula Vista Center in Chula Vista, CA, next to Macy's, an anchor store, and PacSun retail stores, under the name of 'Lucky 7's' in order to sell its name brand higher-end merchandise such as Polo, Ralph Loren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, and other name brand clothing merchandise that brings higher retail prices at Lucky 7's versus its customary outlet, its 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.
EXIT ONLY INCORPORATED (OTC: EXTO)
"Up 30.00% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/EXTO.php
Exit-Only, Inc. operates as an Internet-based market for new and used vehicles in Canada. The company operates Text4Cars.Com Web site that contains a database of new and used vehicles, where sellers can add to the site and buyers can search and purchase from the site. As of May 22, 2007, Text4Cars.Com had approximately 10,000 vehicles on its database. The company was incorporated in 2006 and is based in Santa Monica, California.
EXTO News:
March 3 - Exit Only, Inc. Launches Media & Entertainment Subsidiary
Exit Only, Inc. (OTC: EXTO) (the "Company") announced that it has launched its planned Media & Entertainment Subsidiary in order to pursue acquisitions in that sector. Currently, the Company is in negotiations to acquire an entertainment venue located in Fort Wayne, Indiana. This prospective acquisition is part of the strategy to increase revenue and utilize economies of scale in the management of both this operation and the Company's real estate operations. H.S. Liddell, Chairman and Todd Smith, President have a combined fifty plus years of experience in all facets of the entertainment and hospitality industry.
Summit City Grand Resort & Casino Holdings Corporation ("Summit City"), a hotel and real estate developer headquartered in Fort Wayne, Indiana, a wholly owned subsidiary of the Company, also has commenced discussions regarding two large scale hotel, entertainment and mixed use developments with one located in Indiana and one in Illinois.
H.S. Liddell proclaimed, "We are very excited about the new developments for our Company. In a very short period of time, we have begun to execute on our business strategy. Our management team is focused on achieving the goals for the Company on an accelerated timetable in order to increase revenue and shareholder value."
ABOUT SUMMIT CITY
Summit City Grand Resort and Casino Holdings Corporation specializes in the development and management of hotel, resort and entertainment properties. Management of Summit City currently own and operate several entertainment venues in the greater Fort Wayne metropolitan area. Furthermore, management possesses significant experience in all phases of the hospitality industry and in the development of large scale real estate and construction projects. Summit City's hotel and resort in Puerto Plata, Dominican Republic combines hotel rooms and apartment suites and full range of resort amenities within close proximity to the beach, attractions and casinos.
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