For Tuesday, November 8th
SRNG, CIRC, ATTD, ALTO, CSOC, TEMN
Our Stocks to Watch tomorrow include Shelron Group Inc. (OTCBB: SRNG), CirTran Corp. (OTCBB: CIRC), Attitude Drinks Inc. (OTCBB: ATTD), Alto Group Holdings Inc. (OTCBB: ALTO), Caduceus Software Systems Corp. (OTCBB: CSOC) and TEAM Nation Holdings Corp. (OTCBB: TEMN).
SHELRON GROUP INCORPORATED (OTCBB: SRNG)
"Up 88.89% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/SRNG.php
Shelron Group, Inc. is a New York-based mineral exploration and development company focused on acquisition, exploration, evaluation, and development of mineral resource properties in Africa and South America. The Company incorporated in Delaware and is headquartered in New York.
November 7 - Shelron Group Enters Into Gold Exploration in Northern Chile
The country is home to US$9 billion in investments in its gold and silver mining sector, according to Cochilco
Besides Africa, Shelron Group (OTCBB: SRNG) enters into gold exploration in Chile based on the country's potential, and the company's strategy to explore gold in Africa and in the Americas.
Shelron is interested in more deals to increase its portfolio and opportunities. The focus of the company is to adhere to its acquisition criteria and only acquire a prospecting license in Chile that can potentially be developed into proven reserves or productive metal resource mines.
Chile gold production:
In five years, the country is expected to become one of the largest producers of the metal worldwide.
That's where Chile strives to be among the countries that produce the largest amount of gold in the world.
The Andean nation isn't there yet - but it's getting close, officials said.
Chile is ranked 17th in the global ranking of gold production, according to Bloomberg, with 39.494 metric tons in 2010, according to the Chilean Mining Ministry.
China is ranked atop the list with 324 metric tons produced annually, followed by Australia (223 metric tons); South Africa (220); United States (219); Russia (205); Peru (182), Indonesia (166), Canada (96); Ghana (90) and Uzbekistan (75), according to Bloomberg.
But Chilean officials are optimistic their continued investment in the sector will enable the industry to ascend the rankings into the top 10. They also envision gold rivaling copper as the main source of revenue for the economy.
"Gold has become a secure haven for investors," said Vicente Pérez, an analyst who works for the Chilean Copper Commission (Cochilco).
The country is home to US$9 billion in investments in its gold and silver mining sector, according to Cochilco.
Gabriel Balcázar, a corporate mining consultant, said the investments made to increase the production of gold also will make the Andean nation an even bigger player in the silver market.
Chile is ranked fifth in the world in silver production with 1,607 metric tons annually, just behind fourth-place Australia (1,727 metric tons). Peru, with 3,471 metric tons, tops the list, according to 2010's figures by the United States Geological Survey.
Balcázar, however, said Chile has the potential to move into the top four.
CIRTRAN CORPORATION (OTCBB: CIRC)
"Up 42.86% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/CIRC.php
Founded in 1993, CirTran Corporation has evolved from its roots as a premier international, full-service contract manufacturer. From its headquarters in Salt Lake City, where it operates along with its Racore Technology electronics manufacturing subsidiary from an ISO 9001:2000-certified facility, CirTran has grown in scope and geography. Today, CirTran’s operations include: CirTran-Asia, a subsidiary with principal offices in ShenZhen, China, which manufactures high-volume electronics, fitness equipment, and household products for the multi-billion-dollar direct response industry; CirTran Online, which offers products directly to consumers through major retail web sites; and CirTran Beverage, which has partnered with Play Beverages, LLC to introduce and distribute the Playboy Energy Drink.
August 19 - Gain on Derivative Valuation Boosts CirTran in Second Quarter
CirTran Corporation (OTCBB: CIRC), a diversified international contract manufacturer of consumer products, has filed Form 10-Q for the quarter ended June 30, 2011, reporting net income for the quarter attributed to a gain in the value of derivatives held by the company.
For the quarter, CirTran reported net sales of $685,625 as compared with $2,313,843 (adjusted) for the same period in 2010. For the six months ended June 30, 2011, CirTran had net sales of $2,080,825 as compared with $4,096,702 (adjusted) for the first six months of fiscal 2010.
CirTran reported a gain of $6,005,885 in the value of derivatives it held during the quarter, as compared with a gain in derivative value of $120,652 in the same period in fiscal 2010. That substantial increase boosted the net income attributable to CirTran to $5,263,106 for the quarter as compared with a loss of $118,174 in the second quarter of fiscal 2010.
CirTran Chairman and President Iehab J. Hawatmeh said his company “continues to battle day-to-day in a tumultuous world marketplace and economy. Like small and large companies around the globe, we are fighting for sales while trimming costs wherever we can.” Mr. Hawatmeh said that for the quarter ended June 30, 2011 CirTran’s cost of sales were $133,130, or 19% of sales, a 67% reduction from the $1,011,742, or 48% of sales, reported for the same quarter in fiscal 2010.
ATTITUDE DRINKS INCORPORATED (OTCBB: ATTD)
"Up 47.83% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/ATTD.php
Attitude Drinks Inc. is an innovative, beverage brand development company with a focus on ready-to-drink beverages. Phase III® is the company's first, functional pure milk-based recovery drink that exploits recent scientific evidence confirming the benefits of milk and protein as an exercise recovery aid. Phase III is sold in select local, regional and national markets, including colleges, universities, convenience stores, fitness centers and gyms, as well as online.
November 7 - Attitude Drinks Signs One-Year Endorsement Agreement With Boston Celtics All-Star Paul Pierce and His Truth Fund
Attitude Drinks (OTCBB: ATTD) announced a marketing endorsement partnership agreement with Boston Celtics All-Star Paul Pierce and his charitable foundation, The Truth Fund.
Through his Truth Fund, Pierce will promote Attitude Drink's Phase III Recovery Drink, according to the terms of the one-year agreement. Financial details were not disclosed. Attitude's Phase III Recovery is a revolutionary new reduced-sugar protein drink that tastes like chocolate milk and is designed to aid in lean muscle recovery and re-hydration.
Pierce will attend Attitude events, appear in commercials, and work together with the energy drink company and its retailers and distributors to raise awareness and funds for his Truth Fund's Truth on Health campaign. The Truth on Health includes an awareness campaign and sustainable programming that teaches young people how to incorporate physical fitness and healthy eating into their everyday lives. Its signature component, FitClub34, is a rewards-based "fit" club that provides children with the information, resources, and tools necessary to become more active and physically fit. Members must commit to eat healthy and dedicate 60 minutes per day to physical activity. Participants receive the Paul Pierce Activity Watch, powered by Switch2Health, to track their activity and accrue points for a chance to win great prizes.
Pierce said the partnership is a natural fit for him and will compliment his work with the Truth Fund. "I'm excited to work with Attitude to promote healthy living and exercise," Pierce said. "Phase III is an excellent product to associate with the Truth Fund and I'm happy the company will support my efforts to inspire kids to embrace fitness and healthy eating."
"It's an honor to partner with such an accomplished and cause-oriented athlete," Attitude Drinks CEO Roy Warren said. "Paul is a proven role model and we're delighted to support his Truth on Health Campaign and other Truth Fund initiatives."
ABOUT THE TRUTH FUND
Boston Celtics captain, nine-time All-Star, and 2008 NBA Champion and Finals MVP Paul "The Truth" Pierce embodies what it means to be a champion — on and off the court. Pierce founded The Truth Fund in 2002 to provide educational and life-enriching opportunities for under-served youth. Later that year, Pierce received the NBA Home Team Community Service Award for his commitment to the Boston community and active role as a national spokesperson for NBA's Read to Achieve program. Pierce has hosted Thanksgiving and Christmas dinners with hundreds of single families and has hosted celebrity softball games and other events to raise awareness and funds for causes close to his heart. In 2007, Pierce established the Paul Pierce Center for Minimally Invasive Surgery at Tufts Medical Center and Floating Hospital for Children and he presently sits on the Board of Governors for the hospital. Through his foundation, he has helped rebuild the basketball court at the Santa Monica Boys and Girls Club and helped completely renovate Richardson Park in downtown L.A.
ALTO GROUP HOLDINGS INCORPORATED (OTCBB: ALTO)
"Up 66.67% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/ALTO.php
Alto Group Holdings Inc. engages in the acquisition and exploration of mineral properties in Africa and Latin America. The company primarily focuses on the exploration of gold and silver concessions. It owns interests in the Los Tres Machos concession that covers 1,000 hectares of staked and sampled mineral lands; and Zuna concession, which covers 750 hectares of staked and sampled mineral lands located in the state of Guadalajara, Mexico. The company also holds 70% of the rights to a mining concession in the Ashanti Belt of Ghana, West Africa. Alto Group Holdings Inc. was founded in 2007 and is based in South Jordan, Utah.
September 30 - Alto Group Holdings Announces Change of Control
New CEO Given Controlling Voting Interest for 12-Month Period
Alto Group Holdings, Inc. (OTCBB: ALTO) (“Alto” or the “Company”) announced that Randall Appel, the newly-appointed Chief Executive Officer of the Company, has entered into a Shareholder Voting Agreement (“Agreement”) with Opiuchus Holdings, Inc. (“OHI”) whereby Mr. Appel has received a controlling interest in the Company’s voting shares. Opiuchus Holdings, Inc., a company owned by Mark Klok, the former CEO of the Company, is a holder of 100,000 Series B Preferred Shares which collectively hold an aggregate of 2,000,000,000 votes. Pursuant to the Agreement, OHI has transferred all voting rights of the Preferred Shares to Mr. Appel for a one-year period, which has enabled Mr. Appel, subject to certain exceptions contained in the Agreement, to unilaterally control the election of the Alto Board of Directors and the direction of the Company. The Preferred Shares carry no dividend, distribution, or other economic rights and are not convertible into Common Stock of the Company.
Commenting on the Agreement, Mr. Appel stated: “This Agreement represents an important part of the transition of the Company’s management and control that began a few weeks ago when I was appointed Chief Executive Officer. We expect that the effect of this Agreement will be increased investor confidence in the stability of the Company and its management, as well as increased confidence in the Company’s strategic direction. I look forward to moving ahead with a clearer demarcation of my ability to affect the Company in a positive manner and more effectively respond to the needs of our shareholders.”
CADUCEUS SOFTWARE SYSTEMS CORPORATION (OTCBB: CSOC)
"Up 39.80% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/CSOC.php
Caduceus Software Systems Corp. is a software company that specializes in developing an all-in-one solution for private practitioners and doctors. We are in the healthcare information management industry. We are headquartered in the United Kingdom, specifically located in the metropolitan city of Birmingham. Our company was created as we saw an urgent need for better patient care throughout the world. General practitioners are using unsophisticated software which acts as a more administrative than acting as a time saving tool. We are called Caduceus, which is the well-known insignia used by medical professionals.
October 26 - Caduceus Software System Seeks Funding
Caduceus Software Systems Corp. (OTCBB: CSOC) (the “Company”) would like to announce that the Company has been actively seeking funding avenues to support its operations and provide working capital. The Company is investigating various financing alternatives including debt and/or equity financing. Caduceus Software Systems has received initial proposals from potential funders and is currently reviewing these proposals with the intention of engaging in further, detailed discussions. Caduceus Software Systems remains confident that it will shortly secure a comprehensive financing structure for the Company shortly.
“We are confident that we will be participating in a near future financing as we believe that our Software System is sound, the market is large, the future for this type of Software is very bright and because we want to be an integral part of addressing the Health Care Software Solution.”, comments Derrick Gidden, President of Caduceus Software Systems.
TEAM NATION HOLDINGS CORPORATION (OTCBB: TEMN)
"Up 33.33% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/TEMN.php
TEAM Nation Holdings Corporation, a Nevada corporation ("TEAM"), is a management and services company specializing in title insurance and escrow services through our affiliate title agency(ies). TEAM Nations Holdings Corporation also services the provision of management, production services, HR administration, IT support, and accounting administration for title insurance companies and related real estate ventures.
May 31 - TEAM Nation Announces $1,338,005.81 Positive Balance Sheet Adjustment After Removal of Financing Agreement Derivatives
TEAM Nation Holdings Corporation (OTCBB: TEMN) ("TEAM") reports that JMJ Financial has provided written confirmation of the mutual termination agreement of it finance agreement with the company. As anticipated, the Company's independent auditors, Kelly & Associates, have confirmed the removal of all derivatives associated with the financing resulting in a positive balance sheet adjustment of $1,338,005.81. The Company had entered into the agreement on November 18, 2009 and to date the Company had received a total of $125,000 of total proceeds under the agreements, all of which had been converted under the operative agreements into common shares of the Company's stock. The determination for cancellation was made upon review of the accounting and conversion provisions of such notes; consideration matters and current market conditions called for the cancellation of such agreement.
Dennis R. Duffy, Cofounder and Board member of TEAM, stated, "We are pleased to follow through with the removal of liabilities that create a drag on our financial statements and present a skewed picture of the company's progress and potential. We will continue to seek operating capital that will fund our national expansion plan and will make every attempt to bolster our balance sheet wherever possible."
About Master Lease
Headquartered in Henderson, Colorado, Master Lease provides lease financing for over-the-road trucks & trailers. The company's customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors such as First Choice Transport, Greatwide Logistics, HVH, Landstar, Monfort, National Carriers and Power Source.