For Friday, September
CBMC, PLKT, TNEN, MECA
Our Stocks to Watch for tomorrow
include CineMaya Media Group (OTC: CNMY) Santa Fe Gold Corp. (OTCBB:
SFEG), Calypte Biomedical Corp. (OTCBB: CBMC), Planktos Corp. (OTCBB:
PLKT), True North Energy Corp. (OTCBB: TNEN), Magna Entertainment
Corp. (NASD: MECA)
MEDIA GROUP (OTC: CNMY)
"Up 47.8% on Thursday"
CineMaya Media Group, Inc. (OTC: CNMY)
is the leading provider of high quality international South Asian media,
entertainment, and marketing services. Established in 2000 as a vertically-integrated
company, CineMaya Media Group has since grown into a mini-conglomerate
in the ethnic media landscape through its robust businesses within the
following areas: Publication, Broadcast Television, Radio, Film &
Television Production, Events, and Advertising. For more information on
CineMaya Media, visit www.cinemayamedia.com.
13 - Breaking
News: AR Rahman to Perform at Indian & American Achiever Awards --
September 13, 2007 -- The John F. Kennedy Center for the Performing Arts,
India's finest and most reputed international
music director, AR Rahman will perform at CineMaya Media Group's (OTC:
CNMY) inaugural "Indian & American Achiever Awards" on Thursday, September
13, 2007 at The John F. Kennedy Center for the Performing Arts in Washington,
Beloved for his renditions of Maa Tujhe
Salaam and Vande Matran, AR Rahman is one of the most prolific music composers
of his generation internationally. He has scored the music for a number
of popular and critically acclaimed films. His first movie album Roja
was listed in TIME magazine's "Top 10 Movie Soundtracks of All Time."
AR Rahman has also achieved international renown for his musical compositions.
He has composed the score for Shekhar Kapur's film Elizabeth: The Golden
Age. Andrew Lloyd Webber, the well-known composer of musicals, hired AR
Rahman to compose his maiden stage production, Bombay Dreams in 2002.
He has also composed the music for The Lord of the Rings theatre production,
which first opened in Toronto on March 23, 2006.
Mr. AR Rahman says, "It is my great honor
to be able to sing Jana Gana Mana, India's National Anthem during the
60th Year of Independence Celebrations in the heart of the US Capital."
Supported by the US - India Business Council,
this inaugural event is celebrating the 60th Anniversary of India's Independence
and recognizing individuals and multi-national corporations (MNCs) who
have contributed towards the collective advancement and growth of the
two largest democracies in the world. CineMaya Media Group will be hosting
this fantastic event at The John F. Kennedy Center for the Performing
Arts in Washington, D.C.
FE GOLD CORP (OTCBB: SFEG)
“Up 41.4% on Thursday”
Santa Fe Gold Corp (OTCBB:SFEG) is a U.S.-based
mining and exploration company focused on acquiring and developing gold,
silver, copper and industrial mineral properties. The company owns the
Summit silver-gold property and a mill site and processing equipment in
southwestern New Mexico; mineral lease rights to the Ortiz gold property
in north-central New Mexico, believed to contain two million ounces of
gold; the Black Canyon mica mine and processing facility near Phoenix,
Arizona; and a large resource of micaceous iron oxide (MIO) in western
Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified
mineral assets with an emphasis on precious metals. To learn more about
the company, visit www.santafegoldcorp.com.
12 - Santa Fe
Gold Elects to Repay Remaining $1.0 Million of Convertible Notes in Cash
Rather Than in Stock
Santa Fe Gold Corp (OTCBB:SFEG), a U.S.-based
mining and exploration enterprise focused on gold, silver, copper and
industrial minerals, announced that beginning with the monthly payment
due November 1, 2007, it had elected to repay in cash the remaining $1.0
million of senior secured convertible notes required to be repaid in connection
with a $3.5 million financing completed in 2006.
Since March 2007, the company has been
paying principal and interest by the issuance of its common stock. The
last three payments total approximately $1.0 million, with the final payment
scheduled January 1, 2008.
Pierce Carson, CEO, said, Ã¢€œOur stock price
has declined over the past several months. The amount of stock we issue
for payments is tied to our stock price and we have had to issue more
stock as the price has declined. We have determined that this trend is
not in the best interest of stockholders.
Ã¢€œWith respect to our stock price,
we believe there now is a very significant disconnect between the stock
price and the fundamental value of the companyÃ¢€™s assets, considering our
substantial precious metals resources and based on peer company comparisons.Ã¢€
The main purpose of the 2006 financing
was to provide cash for acquisition of the Summit silver-gold project,
which the company acquired in May 2006. The Summit project is now ready
to proceed to production, subject only to the arrangement of construction
BIOMEDICAL CORP (OTCBB: CBMC)
"Up 37% on Thursday"
Calypte Biomedical Corporation (OTCBB:
CBMC) (www.calypte.com) is a U.S.-based
healthcare company focused on the development and commercialization of
rapid testing products for sexually transmitted diseases such as the Aware®
HIV-1/2 OMT test that are suitable for use at the point of care and at
home. Calypte believes there is a significant need for rapid detection
of such diseases globally to control their proliferation, particularly
in developing countries, which lack the medical infrastructure to support
laboratory-based testing. Calypte believes that testing for HIV and other
sexually transmitted infectious diseases may make important contributions
to public health, and could increase the likelihood of treating those
with undetected HIV and other sexually transmitted diseases.
13 - Calypte Biomedical
To Hold Investor Call on Tuesday, September 18th To Discuss Significant
Calypte Biomedical Corporation (OTCBB:
CBMC), a manufacturer and marketer of medical diagnostic tests for the
rapid detection of antibodies to the human immunodeficiency virus (HIV),
announced today that it will hold a conference call for the investment
community and other interested parties on Tuesday, September 18, 2007
to discuss a significant corporate development. The Company will issue
a press release disclosing the development prior to the opening of the
The conference call will take place at
10:30 a.m. eastern time. Interested participants should call 866-770-7125
within the United States or 617-213-8066 internationally. Please use passcode
82497678. A playback of the conference will be available two hours after
the completion of the call. To listen to the playback, please call 888-286-8010
within the United States or 617-801-6888 internationally. Please use passcode
22450545. The call will also be webcast and will be available on the Company's
web site at www.calypte.com in the Investor
Relations section under Webcasts and Presentations.
CORP (OTCBB: PLKT)
"Up 35.1% on Thursday"
Planktos Corp. (OTCBB:PLKT) is a public
company engaging in global eco-restoration projects to revive dwindling
forests and ocean plankton ecosystems. The company harnesses the power
of green plants and photosynthesis to remove CO2 from the atmosphere.
Its climate forests in the European National Parks and ocean plankton
restoration blooms are intended to produce carbon offsets for sale into
both regulated and voluntary climate change markets in the EU and around
the world. Learn more about the work of KlimaFa and Planktos by visiting
their web sites at www.klimafa.eu
12 - Planktos
Corp. Announces Private Placement Funding
Planktos Corp. (OTCBB:PLKT) is pleased
to announce that it has secured private placement funding of up to $2,000,000.
The Company has recently received $1,100,000 in funding and anticipates
receiving the remainder of the $2,000,000 shortly.
The financing is in the form of a direct
private placement at $1.00 per share.
Of the $2M, $1.4M is slated to begin the
first voyage of the RV Weatherbird II and $600,000 to complete the first-stage
planting in Hungary by Planktos’ subsidiary KlimaFa.
During its initial voyage, the Weatherbird
II will be engaging in an ambitious project to begin restoring the ocean's
ecosystem and in the process generating revenues through the creation
of valuable carbon credits.
It is further anticipated that Planktos'
majority-owned KlimaFa subsidiary will also begin to generate carbon credits
later this year through the planting of indigenous trees in the national
forests of Hungary.
NORTH ENERGY CORP (OTCBB: TNEN)
"Up 26.6% on Thursday"
True North Energy Corporation (OTCBB:
TNEN) is a publicly traded, independent oil and gas exploration company,
with headquarters in Houston, Texas. True North Energy Corporation is
focused on development of company's core asset in Alaska. The company
is strategically located in the Cook Inlet and Beaufort Sea areas of Alaska
and has commenced technical evaluation of its 34,850 acres of petroleum
land holdings. True North Energy Corporation trades on the NASD OTC BB
under the ticker symbol: TNEN.
12 - True North
Energy Announces Agreement for Texas Acquisition and Gas Production
True North Energy Corporation (OTCBB: TNEN),
an independent oil and gas exploration company, is pleased to announce
that it has entered into a Purchase and Sale Agreement with Prime Natural
Resources Inc., ("Prime"), a Texas corporation, to acquire Prime's interests
in the Devon Fee Gas Unit and the O'Leary Unit No. 1 in Brazoria County
On August 31, 2007 our newly formed, wholly
owned subsidiary, ICF Energy Corporation ("ICF") entered into a Purchase
and Sale Agreement with Prime whereby ICF agreed to acquire certain oil
and gas properties and related assets of Prime (collectively the "Assets")
located in Brazoria County, Texas for $3,500,000. The Assets include the
Devon Fee Gas Unit and the O'Leary Unit No. 1 and cover an aggregate of
approximately 1150 acres. The Assets include 2 producing wells with an
estimated 2 BCF of recoverable gas reserves and three additional exploration
prospects in the Old Ocean Unit in Brazoria County, Texas. The properties
are currently producing approximately 1 million standard cubic feet per
day of gas and 10 barrels of oil per day, net to the Asset owner. Net
cash flow from the assets is approximately $200,000 per month after taxes,
royalties and operating expenses. ICF Energy will be the operator of the
Devon Fee #1 Well following the closing of the transaction.
"We are very pleased with the opportunity
to acquire these assets. We look at this transaction as a first of several
that will add proven producing assets, with low risk exploitation potential,
to the foundation part of our portfolio. These assets will complement
our exploratory efforts in Alaska and Colorado. We anticipate closing
the transaction next week." said John Folnovic, True North Energy President
ENTERTAINMENT (NASD: MECA)
"Up 19.8% on Thursday"
MEC, North America's largest owner and
operator of horse racetracks, based on revenue, acquires, develops, owns
and operates horse racetracks and related pari-mutuel wagering operations,
including off-track betting facilities. MEC also develops, owns and operates
casinos in conjunction with its racetracks where permitted by law. MEC
owns and operates AmTote International, Inc., a provider of totalisator
services to the pari-mutuel industry, XpressBet(R), a national Internet
and telephone account wagering system, as well as MagnaBet(TM) internationally.
Pursuant to joint ventures, MEC has a fifty percent interest in HorseRacing
TV, a 24-hour horse racing television network and TrackNet Media Group,
LLC, a content management company formed for distribution of the full
breadth of MEC's horse racing content.
13 - Magna Entertainment
Corp. Announces Debt Elimination Plan, Funding Arrangement through Private
Placement and New Bridge Loan Facility, and the Appointment of New Independent
Magna Entertainment Corp. (NASDAQ: MECA;
TSX: MEC.A) recently announced that as a result of the completion of its
strategic review of assets and operations, a number of important initiatives
have been adopted, including:
- adopting a plan designed to eliminate
the Company's net debt by December 31, 2008 by generating aggregate proceeds
of approximately $600-$700 million from the sale of assets, entering into
strategic transactions involving MEC's racing, gaming and technology operations,
and a possible future equity issuance, likely in 2008, as well as improving