VSCO,
SRSR, BSRC, COSI, EWIN, BESE
Our Stocks to Watch tomorrow include
VISCORP Inc. (OTCBB: VSCO), Sarissa Resources Inc. (OTC: SRSR),
BioSolar(TM) Inc. (OTCBB: BSRC), Così Inc. (NASD: COSI),
eWorld Interactive Inc. (OTCBB: EWIN) and Beeston Enterprises Ltd.
(OTCBB: BESE).

VISCORP
INCORPORATED (OTCBB: VSCO)
"Up 500.00% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/VSCO.php
Viscorp Incorporated is primarily engaged
in developing and licensing software products and services for the eye
care industry. Specifically, the company provides a licensed software
product that assists customers in choosing lens and frame styles. This
product, delivered through what is known as iCAM technology, allows a
customer to see their face on a computer or TV screen with various choices
of lenses and frames. This allows a customer to choose those glasses which
they feel best meets their desires and needs prior to the glasses being
produced. The Company also offers a product, Data Rescue service, a data
back-up solution that ensures a company that their data is always backed
up and always retrievable.
VSCO News:
January
17 - VisCorp,
Inc. Acquires Chengdu Tianyin Pharmaceutical in a Share Exchange Accompanied
by a $10.2 Million Private Placement
On January 16, 2008, VISCORP, INC. (OTCBB: VSCO) ("VisCorp"),
a Delaware corporation, acquired all of the issued and outstanding capital
stock of Raygere Limited, a company organized under the laws of the British
Virgin Islands and Raygere's shareholders. Raygere conducts its business
through Chengdu Tianyin Pharmaceutical Co., LTD. ("Tianyin"),
a corporation organized in the People's Republic of China, which develops,
manufactures, markets and sells traditional Chinese medicines and other
pharmaceuticals in China. As a result of the Share Exchange, VisCorp issued
12,790,800 shares of VisCorp common stock to Raygere and Raygere became
Viscorp's wholly owned subsidiary. Following the Share Exchange, the Company's
primary operations will consist of the operations of Tianyin. Pursuant
to the Share Exchange, VisCorp will change its name to Tianyin Pharmaceutical,
Co., Inc. and authorize a class of preferred stock; with both expected
to be effective after VisCorp files and mails a Schedule 14C in compliance
with the requirements of Section 14 of the Exchange Act.
Simultaneously with the closing of the Share Exchange,
VisCorp completed a private equity financing of $10,225,000, with 24 accredited
investors. Net proceeds from the offering are approximately $9,200,000
and will be used principally to fund the expansion of Chengdu Tianyin's
manufacturing facility located in Chengdu. Pursuant to the financing,
the company issued a total of 102.25 Units consisting of an aggregate
of (a) $10,225,000 10% Convertible Exchangeable Notes due on or before
June 30, 2009 (the "Note"), (b) 5 year warrants to purchase
3,195,313 shares of our common stock at an exercise price of $2.50 per
share (subject to adjustment) (the "Class A Warrant"), and (c)
7 year warrants to purchase 3,195,313 shares of our common stock at an
exercise price of $3.00 per share (subject to adjustment) (the "Class
B Warrant," together with the Note and the Class A Warrant, the "Securities").
The Company is in discussions with two additional investors who may purchase
approximately $3,000,000-$5,000,000 of the Securities in a second closing
on or before January 31, 2008. In connection with the Financing, the Company
agreed to file a registration statement for the resale of the Common Stock
underlying the Securities on or before February 14, 2008 and to use its
best efforts to cause, and to maintain, the effectiveness of the registration
statement. The securities described herein have not been registered under
the Act and may not be offered or sold in the United States absent registration
or an applicable exemption from registration requirements.
Immediately following the Share Exchange and conversion
of the notes into common stock, Viscorp will have 14,587,500 shares of
Common Stock issued and outstanding. Effective as of the close of the
Share Exchange, VisCorp's officers resigned and appointed Dr. Guoqing
Jiang, MD as Chairman of the Board and CEO; the other executive officers
of Chengdu Tianyin will be elected as executive officers of VisCorp in
the near future. VisCorp's sole director resigned from his position and
nominated Stewart Shiang Lor as a member of the Board, both subject to
mailing of the schedule 14F to shareholders.
Established in 1994, Chengdu Tianyin was acquired in
whole by the current management team in 2003. Tianyin is headquartered
in Chengdu, Sichuan Province with two manufacturing facilities and over
1,100 employees. The Company currently manufactures and markets a comprehensive
portfolio of 34 products, 22 of which are listed in the highly selective
National Medicine Catalog of the National Medical Insurance program. Chengdu
Tianyin has an extensive pipeline of 51 products which are pending regulatory
approvals with the China State Food and Drug Administration.
The Company has an extensive nationwide distribution
network throughout China with a sales force of over 500 salespeople. For
the fiscal year 2007, ending June 30, Chengdu Tianyin achieved revenue
and net income of US$20.36M and US$4.22, respectively.
Dr. Guoqing Jiang, the new Chief Executive Officer
of VisCorp, stated, "We wish to express our sincere appreciation
to the institutional and accredited investors who collectively facilitated
our move to the US markets while providing the necessary funding. These
transactions gave us access to the US capital markets which will enable
us to capitalize on our significant growth opportunities and provide shareholder
value."
SARISSA
RESOURCES INCORPORATED (OTC: SRSR)
"Up 29.41% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/SRSR.php
Sarissa Resources is an American junior
exploration company that identifies and explores mineral properties in
North America. Currently, Sarissa has interests in properties with base
metal, precious metal, and uranium prospects in Northern Ontario, Canada.
SRSR News:
January 17 -
Sarissa Resources Acquires Niobium Carbonatite Bearing Property in Northern
Ontario, Canada
Sarissa Resources Inc. (OTC: SRSR) announced that it
has entered into an agreement to acquire an approximately 1,800 acre property
in Northern Ontario, Canada that, in historic exploration and testing,
has indicated the existence of considerable carbonatite-hosted niobium
mineralization.
Under the terms of the agreement, Sarissa has purchased
a 100% interest in the Nemegosenda property for $380,000 Canadian —
payable over a four-year period — and 2% royalty concessions on
all mineral and/or metal production from the property. Sarissa Resources,
however, retained the right to repurchase 1.5% of the royalty concessions
at any time in the future for a predetermined price.
Niobium, also known as columbium, is a rare exotic soft
metal that is primarily obtained from pyrochlore; a mineral found occurring
in carbonatites. Well known for its corrosion resistant and highly conductive
properties, niobium's melting point of 2,468°C enables the metal to
maintain its qualities at very high temperatures. Approximately 89% of
worldwide niobium consumption is dedicated to the production of steel;
while 9% is used in the production of "superalloys" and the
final 2% is used in the development of superconductor applications within
the technology, electronics and medical industries.
The Nemegosenda Property was identified in the mid-nineteen
fifties through aeromagnetic surveys conducted by Gulf Minerals Canada
Limited. Subsequent exploration and testing, as summarized in the Ontario
Geological Survey study 34 by R.P Sage in 1987, highlighted a number of
"higher grade niobium zones." Of particular note, Zone D indicated
"20,000,000 tons of 0.47 percent Nb2O5 material in a block 600 by
800 feet in size and to depths up to 600 feet," based on Gulf's drilling
and a 580 foot adit which penetrated 235 feet into the zone. Based on
this historic (non-NI-43-101-compliant) data (Pg 34), this indicates the
potential for approximately 9.4 pounds of Nb2O5 per ton of ore in situ.
Other zones within the property have also indicated smaller, but meaningful
niobium mineralization. A qualified person, as defined under NI-43-101,
has not done sufficient work to comment on the relevance or reliability
of this historical estimate. The company is not treating the historical
estimate as, nor can the historical estimates be relied upon as, current
mineral resources or reserves. Sarissa currently does not have access
to more recent estimates or data relating to the Lake Nemegosenda property.
By comparison, the world's largest niobium deposit,
located at Araxa, Brazil, is operated by CBMM, and averages between 2.5%
and 3.0% Nb205. Two other currently operating pyrochlore mines are the
Anglo American Brasil Mineracao (Brazil), grading at 1.34% niobium oxide
and the Iamgold-owned Niobec (Quebec) at their St. Honore deposit, grading
at 0.67% niobium and mined underground. Niobec was previously a joint
venture owned 50% by Teck Corporation and 50% by Cambior Inc.
Scott Keevil, Sarissa's President and CEO, commented,
"The Nemegosenda Lake property represents a very significant addition
to our portfolio and we are pleased our Board of Directors unanimously
decided to acquire this advanced stage property. While niobium's already
numerous applications are growing and driving global demand growth, no
'spot market' yet exists for the metal. As such, price volatility is inherent
in the worldwide market. Nonetheless, with recent prices of approximately
$25.00 per pound, the potential economics indicated by the earlier studies
suggest a truly outstanding potential opportunity for Sarissa Resources
and its shareholders in the future." He continued, "We look
forward to further investigation of this exciting property and are continuing
with plans to extract value from our other holdings as well as seeking
out other promising properties."
Sarissa has begun initiating steps to confirm the historically
identified mineralization at the property.
Dr. Cam Cheriton, a director of Sarissa, is a "qualified
person" within the meaning of National Instrument 43-101 and has
read and is responsible for the technical information contained in this
news release.
BIOSOLAR
INCORPORATED (OTCBB: BSRC)
"Up 26.03% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/BSRC.php
BioSolar, Inc. engages in the research
and development of bioplastic materials from renewable plant sources for
use in photovoltaic solar cells. The company develops bio-based plastics
components that meet the thermal and durability requirements of solar
cell manufacturing processes for conventional crystalline cell designs,
as well as thin film photovoltaic devices in an effort to capitalize on
cost advantages to current petroleum based solar cell components. Its
bioplastic materials can be also used directly in conventional manufacturing
systems, such as injection molding and thin-film roll-to-roll, to create
superstrate layer, substrate layer, and backsheet, as well as module and
panel components. The company was founded in April 2006. It was formerly
known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in
June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.
BSRC News:
January 17 -
BioSolar's Successful Completion of Rigorous Testing Protocol Is an Important
Step Forward Toward UL Certification
BioSolar(TM), Inc. (OTCBB: BSRC), developer of a breakthrough
technology to produce bio-based materials from renewable plant sources
that reduce the cost of photovoltaic solar cells, reports that the company's
backsheet material has passed the rigorous Damp Heat Test, moving the
materials one step closer to Underwriters Laboratories (UL) certification.
As specified in UL testing protocol 1703, the Damp Heat
Test ascertains the product's ability to withstand years of exposure in
an outdoor environment without breaking down. This test subjects the material
to 1000 hours at 85 degrees and 85% humidity. The test was successfully
completed on January 16, 2008. UL 1703 is a comprehensive series of tests
for photovoltaic modules. These tests are time consuming, and all requirements
must be satisfied.
Dr. Stanley Levy, the company's Chief Technology Officer,
said, "We are pleased to report that our backsheet materials have
passed this test, which is one of the most severe tests included in the
UL 1703 protocol. We will analyze these results to focus in on the most
promising candidate for final production certification."
As detailed previously, SBM Solar of Concord, NC, a
strategic partner of BioSolar, is in the final process of obtaining UL
certification for their all polymer packaged PV module. Upon receiving
their UL certification, SBM will submit additional modules to Underwriters
Laboratories for UL approval, changing their standard backsheet material
to BioSolar's bio-based backsheet. By utilizing a complete photovoltaic
module that has already received UL approval, and only replacing one component
(the backsheet material), the company expects to "fast track"
the approvals process.
While emphasizing the grueling nature of the UL approval
process, Dr. David Lee, BioSolar's President and Chief Executive Officer,
provided additional insight into BioSolar's approach to the company's
"fast track" process saying, "UL approval is an extremely
demanding process. It can take years and hundreds of thousands of dollars
to obtain UL approval for a photovoltaic module. Our 'fast track' process
is expected to dramatically shorten the time it takes for the first solar
module maker, our partner SBM Solar, to obtain UL approval with our backsheet."
"We're talking months not years," said Dr.
Lee. "We expect that this will place competitive pressures on other
photovoltaic manufacturers to accelerate their own UL approval process
incorporating BioSolar's backsheet."
COSI
INCORPORATED (NASD: COSI)
"Up 24.87% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/COSI.php
Così (www.getcosi.com)
is a national premium convenience restaurant chain that has developed
featured foods built around a secret, generations-old recipe for crackly
crust flatbread. This artisan bread is freshly baked in front of customers
throughout the day in open flame stone hearth ovens prominently located
in each of the restaurants. Così's warm and urbane atmosphere is
geared towards its sophisticated, upscale, urban and suburban guests.
There are currently 107 Company-owned and 36 franchise restaurants operating
in nineteen states, the District of Columbia and Dubai. The Così
vision is to become America's favorite premium convenience restaurant
by providing customers authentic, innovative, savory food while remaining
an affordable luxury. The Così menu features Così sandwiches,
freshly tossed salads, melts, soups, Così bagels, flatbread pizzas,
S'mores, snacks and other desserts, and a wide range of coffee and coffee-based
drinks and other specialty beverages. Così restaurants are designed
to be welcoming and comfortable with an eclectic environment. Così's
sights, sounds, and spaces create a tasteful, relaxed ambience that provides
a fresh and new dining experience. "Così," "Così
w/hearth design," "Simply Good Tastes" and related marks
are registered trademarks of Così, Inc.
COSI News:
January 16 -
Così, Inc. Reports Sales Growth for the 2007 Fourth Quarter and
Full Year
Così, Inc. (NASD: COSI), the premium convenience
restaurant company, reported total revenues for the 2007 fourth quarter
grew 5.2% to $33,432,200 from $31,782,800 in the 2006 quarter. Company-owned
net restaurant revenues grew 4.4% in the quarter to $32,825,700, compared
to $31,445,900 in the previous year's quarter. Franchise fees and royalty
revenues contributed $606,500 compared to $336,900 in the 2006 quarter.
System-wide comparable restaurant sales for the 2007 fourth quarter as
measured for restaurants in operation for more than 15 months recorded
an aggregate 2.1% increase over the 2006 fourth quarter. The breakdown
in comparable sales between Company-owned and franchise-operated restaurants
are as follows:
For the 13 weeks ended
December 31, 2007
Company-owned 1.3%
Franchise-operated 12.0%
Total System 2.1%
Revenues for the 2007 full year grew 8.5% to $137,672,200
from $126,888,300 in 2006. Company-owned net restaurant revenues grew
7.6% in 2007 to $135,617,400, compared to $126,038,300 in the previous
year. Franchise fees and royalty revenues contributed $2,054,900 compared
to $850,000 in 2006. For the 2007 full year, system-wide comparable restaurant
sales recorded an aggregate 1.4% increase over the previous year broken
down between Company-owned and franchise-operated restaurants as follows:
For the fiscal year ended
December 31, 2007
Company-owned 0.2%
Franchise-operated 16.4%
Total System 1.4%
"The increase in total revenues and continued improvement
in system-wide comparable sales further validates the collaborative work
that has been underway with our franchise partners to drive revenue growth,
execute more effectively across our system and continue improving the
guests' experience," said James Hyatt, President and Chief Executive
Officer. "We remain focused on the key drivers of Così's long-term
success: driving sales and operating margin improvements, franchise recruitment
and development and Company-owned restaurant development."
Company-owned comparable sales are based on sales from
restaurants that have been open more than 15 months. Franchise-operated
comparable sales are based on sales, as reported by franchisees, from
restaurants that have been open more than 15 months.
Franchise-operated and system-wide comparable restaurant
sales percentages are non-GAAP measures, which should not be considered
in isolation or as a substitute for other measures of performance prepared
in accordance with GAAP and may not be comparable to system-wide sales
as defined or used by other companies. Così does not record franchise-operated
sales as revenues. However, Così's royalty revenues are calculated
based on a percentage of franchise-operated restaurant sales. Management
believes franchise-operated and system-wide comparable sales information
is useful in assessing consumer acceptance of the Company's brand, facilitates
an understanding of financial performance and overall sales trends, helps
the Company understand the effectiveness of marketing initiatives to which
our franchisees contribute based on a percentage of their sales, and provides
information that is relevant for comparison within the industry.
DEVELOPMENT UPDATE
As of December 31, 2007, there were 107
Company-owned restaurants and 34 franchise-operated restaurants. During
the fourth quarter, Così opened one Company-owned location in Stamford,
Connecticut and closed one underperforming Company-owned location in Baltimore,
Maryland. Così franchisees opened seven locations during the fourth
quarter including our second international location in Dubai. Two additional
franchise locations opened after the end of our fiscal year.
EWORLD
INTERACTIVE (OTCBB: EWIN)
"Up 23.08% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/EWIN.php
eWorld Interactive ("eWorld")
is a second-generation media and entertainment portal in Mainland China
and other Asian markets. The company has assembled a portfolio of multi-media
content and applications that provide advertising access to a large customer
base in the region. eWorld is a compelling place for individuals to interact
with top media franchises as well as create and share their videos, photos,
music, and online experiences. Offline products and video production capabilities
allow the company to create higher value offerings for content providers
and advertisers.
EWIN News:
January 17
- eWorld Counts
Down to Chinese Market Launch of Online Gaming Platform
eWorld Interactive, Inc. (OTCBB: EWIN) (the "Company"
or "eWorld") is pleased to announce that the Chinese language
version of its online multi-player game "BattleZone" will be
publicly launched for open beta testing on January 18.
Company CEO Guy Peckham remarked, "Not only does
this signify our foray into the successful monetization phase of our business,
this is also an important milestone in the development of eWorld's entertainment
portal. We are currently anticipating over 5 million users to participate
in the open beta testing of BattleZone."
The open beta phase is the next and final step towards
full commercialization of the product and it allows the Company an opportunity
to fully promote the game throughout eWorld's extensive distributor and
internet cafe network of over 100,000 locations. This final test period
stimulates consumer appetite for the game, creating early demand to promote
presales of game cards through the distribution channels.
BattleZone, created by Korean game developer Sidus and
adapted for the Chinese demographic by eWorld, was originally launched
in a Korean language version for its home market and is a web-based, cartoon
animated, multi-player game that has been in development over the past
2 years specifically for the much larger Chinese market. Users engage
in a 5-10 minute battle, mostly in team-play mode, and emerge as winners
or losers. Unique techniques, battle situations, character role development,
competition and team play provide the foundation for a strong and loyal
player community. By gaining experience and wins in the game, online characters
acquire enhanced capabilities providing ongoing depth and interest. Equipment,
training and skills may also be purchased by the players using their prepaid
game cards.
Mr Peckham further noted that, "Based upon the
early sales figures deriving from our recently held distributor meeting,
I strongly believe that the BattleZone revenue model will be a great business
and revenue stream for eWorld." eWorld has exclusive sales, marketing
and distribution rights for the game in Mainland China. Additional revenue
opportunities also exist from derivative merchandising in and around China.
Additional user information and access to the
open-beta test site is available at eWorld Interactive's site at www.17dian.cn.
The commercial launch of the game is planned to occur concurrently with
the retail distribution of prepaid player cards upon completion of open
beta testing.
BEESTON
ENTERPRISES NEW
(OTCBB: BESE)
"Up 20.69% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/BESE.php
Beeston is a B.C. based mineral exploration
Company with extensive mineral tenures in Southern British Columbia. The
Company is conducting exploration projects on the Bluff and nearby Ruth
Lake properties. The company will report on further results as they become
available.
BESE News:
January
17 - Beeston
Completes Exploration Program on Bluff Lake Property, 100 Mile House,
BC
Beeston Enterprises Ltd. (OTCBB: BESE) (the "Company")
announced the completion of its 2007 exploration program on the Bluff
Lake property. The property is located immediately north of GWR Resource's
property where trenching and drilling continue to delineate significant
alkalic copper-gold deposits.
Exploration on Bluff Lake commenced in 2007 with Mr.
Rob Shives of GamX Inc conducting a detailed review of the airborne geophysical
survey and existing ground data. Mr. Shives, formerly the head of the
Radiation Division of the Geological Survey of Canada, has over 20 years
of experience in application of airborne surveys in the search for porphyry
copper-gold and other deposit types throughout Canada.
The geophysical data reveals that the Bluff Lake property
overlies the northern edge of the GWR airborne geophysical anomaly. Mr.
Shive's review defined eight target areas for ground work. These targets
were the subject of geochemical soil sampling followed by prospecting
and rock sampling.
Sampling on one target southeast of Bluff Lake yielded
an east-southeast trending copper-in-soil anomaly nearly 500 metres long
and at least 150 metres wide. This anomaly appears to be open to the east
and west and coincides with a zone of weathered monzonitic intrusive rocks
that differ markedly from the intrusive rocks elsewhere on the property.
Prospecting near this area resulted in the discovery of intrusive float
containing abundant copper mineralization. Analysis of this material returned
1.49% copper and 8.1 g/t silver. The angular nature of this material suggests
a nearby source.
A $165,000 work program to test the copper anomaly is
planned for 2008. Proposed work includes access road construction, trenching
and diamond drilling.
Exploration on the Bluff Lake property was conducted
under the supervision of W. Gruenwald, P. Geo, of Geoquest Consulting
Ltd. a "qualified person" as defined by National Instrument
43-101. |