Wednesday, October 10th
IVOI, NLIA, SUMRW, NNAN, CAGC, ALTI
Our Stocks to
Watch for tomorrow include iVoice Inc. (OTCBB: IVOI), Naturally Iowa
Summer Infant Inc. (NASD: SUMRW), NaturalNano Inc.
(OTCBB: NNAN), China Agritech (OTCBB: CAGC), Altair Nanotechnologies (NASD: ALTI)
IVOICE INC (OTCBB: IVOI)
iVoice has determined that the best way to create shareholder value, separate and apart from the operating performance of iVoice, is to implement new business opportunities by distributing shares of spin-offs to the Company's shareholders. The common stock distributions are part of a broader strategy relating to the transition of iVoice into a company focused on the development and licensing of proprietary technologies. We also continue to search for potential merger candidates with or without compatible technology and products, which management feels may make financing more appealing to potential investors.
iVoice, Inc., Announces Record Date for Spin-Off of Thomas Pharmaceuticals Ltd. To Shareholders
iVoice, Inc. (OTCBB: IVOI), announced recently the record date of October 15, 2007 for the pending spin-off in the form of a special dividend of its wholly owned subsidiary, Thomas Pharmaceuticals Ltd. (“Thomas Pharmaceuticals”).
Each iVoice shareholder as of the record as of October 15, 2007 will receive shares of Thomas Pharmaceuticals subject to: (i) the record having passed, (ii) the Securities and Exchange Commission reviewing and approving the final amendment to the Thomas Pharmaceuticals’ Form SB-2/A and (iii) declaration of effectiveness of this registration statement by the Securities and Exchange Commission. In order to receive shares in Thomas Pharmaceuticals, you must own shares of iVoice, Inc. on the record date of October 15, 2007. It is anticipated that the distribution in the form of a special dividend of Thomas Pharmaceuticals shares will occur sometime in November 2007. Following the distribution, Thomas Pharmaceuticals plans to have its shares traded on the NASD OTC Bulletin Board.
NATURALLY IOWA (OTC: NLIA)
Naturally Iowa, Inc., (http://www.naturallyiowa.com), operating through its wholly-owned owned subsidiary, Naturally Iowa, LLC, processes and produces organic and all-natural dairy products. The Company's main product lines are organic and all-natural fluid milk, ice cream and drinkable yogurt. Naturally Iowa, LLC was founded in 2003 by William Horner and Steve Williams, who partnered to provide an opportunity for family operated dairy farms to make a comeback by adding value to their product. Wishing to place their dairy products in containers that would not harm the environment, Naturally Iowa found a revolutionary type of plastic made from corn that biodegrades in a commercial composting facility. Naturally Iowa, LLC developed a working partnership with Natureworks, LLC, and became the world's first and only dairy to use NatureWorks(R) PLA bottling. The acronym PLA stands for 'Polylactic Acid.' This substance represents the final step in a process, engineered by Natureworks, which utilizes all-natural ingredients from corn to create a compostable material. Organic milk in PLA bottles landed on grocery store shelves in October, 2005. Naturally Iowa, Inc. operates its state-of-the-art 28,000 sq. foot dairy processing facility in Clarinda, Iowa.
Naturally Iowa, Inc. Launches Media Campaign to Targeted Newspaper, Magazine, Radio and Cable Television Outlets
Naturally Iowa, Inc. (OTC: NLIA) announced recently that the Company will be launching a media relations campaign to reach writers, editors and producers in broadcast media and print media to increase the Company's visibility. The company will begin the campaign by mailing over 3,000 media kits to a targeted list of newspaper, magazine, radio and cable television outlets that cover green companies, the organic and natural food and beverage industry, the dairy sector, environmental issues, the packaging industry and business. The media kits will include the Company's redesigned Corporate Profile brochure, a DVD with a virtual tour of Naturally Iowa's dairy processing facility in Clarinda, Iowa and interviews with senior management. Samples of Naturally Iowa's biodegradable PLA containers made from corn will also be available to members of the media upon request.
'We believe that our campaign will result in increased exposure and visibility among consumers and the organic and natural food industry,' said William Horner, President and CEO of Naturally Iowa, Inc. 'Naturally Iowa is the first dairy in the world to manufacture and package our dairy products in PLA containers made from corn. Given the increasing consumer interest in organic products and environmentally-friendly, green companies and the Company's leadership in sustainable dairy packaging, we believe that Naturally Iowa will generate interest in the media. Naturally Iowa is the first dairy company to offer the 'complete package' to environmentally conscious consumers: the benefits of high quality organic dairy products coupled with the best that modern technology has to offer in earth-friendly packaging.'
Naturally Iowa, Inc. (http://www.naturallyiowa.com) operating through its wholly-owned subsidiary, Naturally Iowa, LLC, is a fully certified organic dairy processor that produces organic and all-natural fluid milk, ice cream and drinkable yogurt. Naturally Iowa distinguishes itself from other dairy processors and producers by offering the highest quality organic and all-natural dairy products packaged in an environmentally-friendly, sustainable container that completely biodegrades in 60 to 100 days in an industrial compost facility.
SUMMER INFANT INC (NASD: SUMRW)
Based in Woonsocket, Rhode Island, the Company is a designer, marketer and distributor of branded durable juvenile health, safety and wellness products (for ages 0-3 years), which are sold principally to large U.S. retailers. The Company currently sells proprietary products in a number of different categories, including nursery audio/video monitors, safety gates, durable bath products, bed rails, infant thermometers and related health and safety products, booster and potty seats, soft goods, bouncers, strollers, highchairs and swings.
Summer Infant, Inc. Announces Tender Offer For Warrants
Summer Infant, Inc. (“Company”) (Nasdaq: SUMR, SUMRU, SUMRW), recently announced that it has commenced a tender offer for any or all of its outstanding warrants (Nasdaq: SUMRW) with an exercise price of $5.00, at a price, net to seller in cash, of $1.00 per warrant, upon the terms and conditions set forth in the Offer to Purchase and the related Letter of Transmittal, both dated today. The Company currently has 18,400,000 redeemable common stock purchase warrants outstanding, assuming separation of its remaining outstanding units. The tender offer commenced today, Tuesday, October 9, 2007, and is scheduled to expire at 5:00 p.m., Eastern Time, on November 5, 2007, unless the Company elects to extend the offer. The tender offer is not conditioned on any minimum number of warrants being tendered, however, the tender offer is subject to customary conditions. The necessary filings with the Securities and Exchange Commission are being made today, and the offer documents are being mailed to Summer warrant holders. Morrow & Co., Inc. has been engaged by the Company to act as Information Agent and Continental Stock Transfer & Trust Company has been engaged as the Depositary for the tender offer.
Summer Infant is making the tender offer to eliminate the potential dilutive effect that would occur if the warrants are exercised by the holders thereof on or before April 29, 2009. Mr. Jason Macari, CEO of Summer Infant, Inc. stated, "This warrant tender is a positive step in deploying our capital efficiently to eliminate the overhang of warrants in the marketplace and maximize long term shareholder value. We recently increased our credit facility to $22 million, which gives us the necessary capital to execute the tender offer and to fund our continued growth.”
This announcement is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offer is being made solely through the Offer to Purchase and the related Letter of Transmittal, which are being mailed to holders of Summer warrants. The tender offer is not being made to (nor will tenders be accepted from or on behalf of) holders of Warrants in any jurisdiction in which the making of the tender offer or the acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction. In any jurisdiction where the securities, blue sky, or other laws require the offer to be made by a licensed broker or dealer, the tender offer shall be deemed to be made on behalf of Summer by one or more registered brokers or dealers licensed under the laws of such jurisdiction. Copies of the Offer to Purchase and related Letter of Transmittal, and all other tender offer documents filed with the SEC, will be available at no charge on the SEC’s website at www.sec.gov. Copies of such documents may also be obtained for free by contacting Morrow & Co., Inc. at (800) 607-0088.
NATURALNANO INC (OTCBB: NNAN)
NaturalNano, Inc. (OTCBB: NNAN) (FRANKFURT: N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer(TM) polymer additive, that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes. For more information, visit http://www.naturalnano.com
NaturalNano Secures Exclusive License Agreement With U.S. Naval Research Laboratory
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N) (www.naturalnano.com), a developer of advanced nanomaterials and additive technologies, announced it has signed an exclusive licensing agreement with the U.S. Naval Research Laboratory (NRL) spanning multiple industries and broad patents in controlled-release nanomaterials. The agreement covers 10 patents and opens up an array of controlled-release applications for the Company across a broad range of multi-billion dollar market segments.
"This agreement is a great milestone for us. It represents another step in our strategic plan to commercialize products across a diverse range of markets and to solidify our position as a leader in advanced nanomaterials," said Cathy Fleischer, Ph.D., President and Chief Technical Officer of NaturalNano. "The opportunity to take NRL's research to market and capitalize on the potential inherent in controlled-release applications immediately multiplies our market potential."
Under the exclusive license agreement, NaturalNano has been granted rights to patents in several fields, including cosmetics, fragrances, agriculture, electronics, and local drug delivery fields. The agreement bolsters NaturalNano's industry-leading intellectual property portfolio in nanomaterials, bringing the Company's total number of patents or pending applications, exclusively owned or licensed, to more than 25.
NaturalNano said the patents cover proprietary usage of nanotubes, including naturally occurring nanotubes found in halloysite (HNT(TM)), which have a unique hollow-tube structure that allows chemicals, additives or other materials to be added to the inside of the tubes, creating a slow or controlled release of the material.
Controlled release offers significant advantages in such industries as cosmetics, where it can enhance products such as sun block to increase the length of protection, extend the life and aromatic properties of fragrances or improve the effectiveness of moisturizers and anti-aging material. The Company also noted potential in the diverse agrichemical industry, where there is demand for applications that enhance the effectiveness and duration of fertilizers and pesticides. The Company sees additional applications in the cleaning products, home goods and automotive industries, among others.
Fleischer concluded: "These patents enable us to leverage a truly groundbreaking technology and to be the first mover in this space. By commercializing products using these patents, we are able to develop additional partnerships that can accelerate and multiply the research and commercial product pipeline."
CHINA AGRITECH INC (OTCBB: CAGC)
“Up 36.03% on Tuesday”
China Agritech is engaged in the development, manufacturing and distribution of organic liquid compound fertilizers and related products in the People's Republic of China. The company has developed proprietary formulas that provide a continuous supply of high-quality agricultural products while maintaining soil fertility. The company sells it products to farmers located in twelve provinces of China including: Heilongjiang, Hebei, Liaoning, Jilin, Shandong, Inner Mongolia, Henan, Sichuan, Guangdong, Xinjiang, Yunnan and Guizhou. For more information visit http://www.chinaagritechinc.com .
China Agritech Signs $7.8 Million Liquid Organic Fertilizer Contract
China Agritech, Inc. (OTC Bulletin Board: CAGC) (''China Agritech'', the ''Company''), a leading liquid fertilizer manufacturer in China, announced that it has signed a contract with Sinochem Fertilizer Co., Ltd. (Sinochem Fertilizer) to deliver a minimum of 1,000 metric tons of its liquid organic fertilizer ''Green Vitality'' over the next twelve months. The order is expected to contribute $7.8 million to China Agritech's revenue over the term of the contract.
Sinochem Fertilizer is the largest fertilizer distributor in China with an established multi-level distribution network comprised of 17 sales subsidiaries and 1,600 sales points. The distribution network covers 26 provinces with first tier distributors in major cities and second tier distributors in counties and rural areas. China Agritech and Sinochem Fertilizer began negotiations in July 2007 when China Agritech supplied a small order of fertilizer to Sinochem Fertilizer for test sales in Hainan and Jiangsu Provinces. Sinochem Fertilizer experienced strong demand for the organic liquid fertilizer and subsequently signed a one-year contract with China Agritech for 1,000 metric tons.
''We are pleased to have obtained this contract with Sinochem Fertilizer, as we are one of a handful of liquid organic producers with the capacity to fulfill an order of this size. We feel that this contract reinforces the market opportunity for Green Vitality and its effectiveness in enhancing the yield and quality of a variety of agriculture products,'' commented Mr. Yu Chang, CEO of China Agritech, Inc. ''We also believe our relationship with Sinochem Fertilizer will contribute to our revenue growth in the future and increase our penetration within China.''
ALTAIR NANOTECHNOLOGY (NASD: ALTI)
Altairnano is an innovator and manufacturer of advanced novel, ceramic nanomaterials that are used in products that exhibit groundbreaking performance. Altairnano’s products address a diverse range of high-growth energy, industrial and pharmaceutical applications within three businesses: the Altair Power & Energy Group, Altair Materials Group and Altair Life Sciences Group. Our goal, or mission statement, is to create and deliver innovative products that improve the quality of life. For more information visit: www.altairnano.com.
9 - AeroVironment, Altair Nanotechnologies, Go Green Holding and Micro-Vett Announce a Successful, Multiple Fast-Charge Demonstration of an All-Electric Delivery Vehicle in Oslo, Norway
AeroVironment, Inc. (Nasdaq: AVAV), Altair Nanotechnologies Inc. ‘Altairnano’ (Nasdaq: ALTI), Micro-Vett, SPA and Go Green Holding AS, recently jointly announced the successful public demonstrations of the All-Electric Fiat Doblò to government officials and potential commercial customers in Oslo, Norway. On October 2nd, half-way through an ongoing 60-day demonstration, the Micro-Vett Fiat Doblò, a regular size 5-seat station wagon vehicle, powered by a custom 18 kWh Altairnano high performance NanoSafe® battery pack, traveled 300 kilometers (186 miles) in an urban delivery circuit. The custom battery pack was fully recharged in less than ten minutes a total of three times using AeroViroments’ high voltage, 125kW rated, rapid charging system. The vehicle will be driven an estimated total of 7,500 kilometers during the 60-day demonstration period, which translates to an annual equivalent use of 45,000 kilometers.
The Fiat Doblò is designed both as a commercial medium-duty transport vehicle, as well as a regular size family car. Micro-Vett has been converting standard vehicles to electric drive for the past 20 years, and today, they have a wide range of passenger and utility vehicles available for sale. Go Green expects to ship up to 20 Micro-Vett vehicles with Altairnano’s 18 kWh NanoSafe® battery packs to customers in the next several months, and an additional 250 vehicles are planned for shipment in 2008. Altairnano offers a range of NanoSafe® battery packs for all-electric vehicles requiring from 10 to 35 kWh of energy storage.
“This alliance of innovative companies is a powerful combination that is committed to providing clean transportation on a global platform,” said Asbjorn Slordahl, Go Green Holdings’ chief executive officer. "With battery packs from Altairnano, and fast-charge infrastructure from AeroVironment, these roadway-ready, all-electric vehicles converted by Micro-Vett and distributed by Go Green are a powerful example of what happens when you combine the right technology, with the right providers, at the right time.”
"This is a key step forward in demonstrating the viability of all-electric vehicles, and the fast charge infrastructure necessary to enable their practical use," said Joe Edwards, vice president and general manager of AeroVironment's Energy Technology Center. "This demonstration proves that the technology to deploy electric vehicles for everyday use is available and ready. Our PosiCharge® fast charge technology has demonstrated itself to be reliable for the daily operation of thousands of heavily used, low voltage electric industrial vehicles throughout North America and increasingly in Europe, Australia and Asia. Using PosiCharge® to support high voltage electric vehicles is a natural extension."
“This public demonstration in Norway demonstrates another all-electric vehicle platform that is powered by Altairnano’s unique lithium Titanate NanoSafe battery pack product line. The NanoSafe® battery packs are safe, powerful, fully rechargeable in less than ten minutes with rapid charge systems, have long life and operate in extreme temperatures,” said Alan J. Gotcher, Ph.D., Altair Nanotechnologies, Inc.’s president and chief executive officer. “With more than 1,700 electric-powered vehicles in the country, Norway is taking a proactive approach in the adoption of all-electric vehicle technology and products. Our innovative battery technology, which is capable of thousands of re-charge cycles, provides a necessary ingredient for the adoption of EVs around the globe.”
“Micro-Vett has been manufacturing electric vehicles since 1987 and so we constantly follow energy accumulation systems evolution, from batteries to fuel cells,” said Massimiliano Di Gioia, Micro-Vett Vice President. “Until now we’ve seen some developments, but Altairnano’s fast charge batteries have the potential to revolutionize electric vehicles and also the automotive industry. It was very exciting to see Doblò’s charge level indicator going up visibly in Oslo. With Altairnano’s fast charge batteries, we can overcome the primary electric vehicle limitation because we can achieve refuelling times comparable to those of gasoline-powered vehicles.”