Monday, December 10th
JFGI, SHCM, IMAX, PSTI, NWOL, SWTX
Our Stocks to Watch tomorrow include Jacobs Financial Group (OTCBB: JFGI), Southern Cosmetics, Inc. (OTC: SHCM), IMAX Corporation (NASD: IMAX), Pluristem Therapeutics Inc. (OTCBB: PSTI), North-West Oil Group Inc. (OTC: NWOL) and Southwall Technologies, Inc. (OTCBB: SWTX).
JACOBS FINANCIAL GROUP (OTCBB: JFGI)
Jacobs Financial Group, Inc., through its subsidiaries, provides investment advisory services, and surety insurance products and services to institutions and individuals in the United States. The company offers its investment advisory services to clients in approximately 20 states, as well as places surety bonds with insurance companies for clients engaged in regulated industries, such as the extraction of coal, oil, and gas in 10 states primarily in the eastern United States. It also owns First Surety Corporation, an insurance company, which is licensed to engage in business in West Virginia, Ohio, and Indiana. The company is headquartered in Charleston, West Virginia.
6 - Jacobs Financial Group to purchase Unione Italiana Insurance Company of America
On December 3, 2007, Jacobs Financial Group (OTCBB: JFGI) entered into an agreement with National Indemnity Company to purchase all of the outstanding shares of Unione Italiana Insurance Company of America ("Unione") for a purchase price of $2.75 million plus the surplus of Unione on the date of closing.
Unione is a New York corporation with insurance licenses in 26 states. Except for the December 3 agreement, Jacobs Financial Group has no contractual or other relationship with National Indemnity or Unione.
Prior to closing, Unione will seek to obtain a Certificate of Authority from the Commonwealth of Kentucky and a listing as an Authorized Surety on Federal Bonds, and National Indemnity will enter into a reinsurance agreement with Unione under which National Indemnity Company will reinsure all liabilities of Unione under contracts of insurance and reinsurance arising prior to closing. Among other conditions, closing is subject to applicable regulatory approvals, including approval by the New York Superintendent of Insurance. Either party may terminate the December 3 Agreement if closing does not take place on or prior to June 30, 2008.
SOUTHERN COSMETICS (OTC: SHCM)
Revenge Designs, a specialty car designer and manufacturer, is headquartered in a facility in N.E. Indiana. Mr. Peter Collorafi is a car designer from Queensland, Australia. Collorafi has been designing and installing modifications for factory produced vehicles since 1980. For more information about Revenge, please visit the company’s website located at www.revengedesignsllc.com. In the near future, Southern Cosmetics, Inc. will request a change in name to reflect the new direction of the company and Revenge’s new management and leadership role at the helm of the public entity.
7 - Revenge Designs a.k.a. Southern Cosmetics Announces Updated Share Count and Appointment of New Public Relations and Investor Relations Firms
Revenge Designs, presently operating within the public company name Southern Cosmetics, Inc. (OTC: SHCM), announced that the company had 189,989,934 shares of common stock outstanding as reported on 12/6/2007 by the company’s transfer agent X-Clearing Corporation (a copy of the report is attached within this release).
The company recently engaged Salmon Creek Public Relations Inc. to provide the company with public relations and media relations services. Salmon Creek has supported and launched multiple companies, products and services. Their list of clients includes: consumer goods, entertainment, environmental, human medical services and products, sports, technology and community related non-profit organizations.
Salmon Creek will assist to create and execute strategies and communication plans to increase understanding of the company's business model, enhance business results and support positive returns. Salmon Creek provides the means and experience to reach target audiences through the most effective launches, tours and analyst gatherings possible.
The Company has also recently engaged the services of Action Information to become the Company’s newly appointed investor relations contact. Action Information can be reached at 260-637-2565.
IMAX CORPORATION (NASD: IMAX)
IMAX Corporation, through its wholly owned subsidiaries, operates as an entertainment technology company. It specializes in digital and film-based motion picture technologies and large-format two-dimensional (2D) and three-dimensional (3D) film presentations. The company primarily engages in the design, manufacture, sale, and lease of theater systems based on patented technology for large-format, 15-perforation film frame, 70mm format theaters, including commercial theaters, museums and science centers, and destination entertainment sites. Its theater systems include projector, sound systems, and screens. IMAX Corporation also designs and manufactures high-end sound systems, as well as produces and distributes films for IMAX theaters. In addition, the company engages in the production, digital re-mastering, post-production, and distribution of 15/70-format films; the operation of IMAX theaters; and the provision of services in support of IMAX theaters and the IMAX theater network. Its institutional customers include science and natural history museums, zoos, aquaria, and other educational and cultural centers. The company also sells or leases its theater systems to theme parks, tourist destination sites, fairs, and expositions. It operates primarily in the United States, Canada, Mexico, Europe, and Asia. As of March 31, 2007, IMAX Corporation operated 284 IMAX theaters in 40 countries. The company was founded in 1967 and is headquartered in Mississauga, Canada.
7 - IMAX signs 100-theatre deal with AMC EntertainmentTM
IMAX Corporation (NASD: IMAX) (TSX: IMX) and AMC Entertainment Inc. (AMC), one of the world's largest and most innovative theatrical exhibition companies, announced a joint-venture agreement to install 100 IMAX® digital projection systems at AMC locations in 33 major U.S. markets. The theatres will feature IMAX's digital projection system which is being developed for the IMAX MPX® theatre design. The agreement is projected to double IMAX's current commercial theatre footprint in North America and accelerates the momentum behind IMAX and AMC's transition to digital projection technology.
"We are committed to delivering a premium entertainment experience by offering a menu of entertainment alternatives inside our facilities," said Peter C. Brown, chairman and chief executive officer, AMC Entertainment Inc. "Our expanded relationship with IMAX and the deployment of its state-of-the-art, next-generation digital projection systems is a key part of our strategy of continuing to broaden and enhance the AMC experience. It also builds on the successful partnership we have had with IMAX since June of 2005 and complements our overall digital plan."
The rollout of the first 50 IMAX digital projection systems will begin in July 2008 at premier AMC theatre locations in 24 of the 33 selected markets, with an additional 25 scheduled for rollout in 2009 and 25 more in 2010. The IMAX theatres are slated to be installed in many of AMC's top-performing locations in the United States, including: AMC South Barrington 30, Chicago; AMC Mesquite 30, Dallas; AMC Gulf Pointe 30, Houston; AMC Century City 15, Los Angeles; AMC Empire 25, New York; AMC Neshaminy 24, Philadelphia; AMC Eastridge 15, San Francisco; AMC Hoffman Center 22, Washington D.C.
"The agreement cements a partnership between two great brands. Partnering with AMC in a theatre deal of this size and scope is a transformational moment for our company from both a financial and strategic perspective," said IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler. "We couldn't be more pleased that The IMAX Experience® will be more accessible to consumers in nearly every major market in the United States. AMC is unique in the number of successful, stadium-seat megaplexes in locations that could accommodate this large number of new IMAX® theatres. Further, AMC's confidence in our digital projection system is a terrific endorsement. We look forward to rolling out our ground-breaking new technology and delivering the premium experience that moviegoers have come to expect from the IMAX® brand."
In October of this year, IMAX announced that it had moved up the launch date of its digital projection system to mid-2008 from its previously announced anticipated timeframe of the end of 2008 to mid-2009. The highly anticipated IMAX digital projection system will further enhance The IMAX Experience and help to drive profitability for studios, exhibitors and IMAX theatres by virtually eliminating the need for film prints, increasing program flexibility and ultimately increasing the number of movies shown on IMAX screens.
IMAX has already secured important parts of its film slate for 2008, 2009 and 2010 through agreements with major Hollywood studios including: The Spiderwick Chronicles (February 2008), Shine A Light (April 2008), Kung Fu Panda (June 2008), The Dark Knight (July 2008), Deep Sea-quel 3D (working title, February 2009), Monsters vs. Aliens 3D (March 2009), How to Train Your Dragon 3D (November 2009), Hubble 3D (working title, February 2010) and Shrek Goes Forth 3D (May 2010).
Added Messrs. Gelfond and Wechsler, "An agreement of this magnitude significantly jumpstarts our joint venture initiative, which we expect will generate increased recurring revenues for IMAX going forward. AMC's decision to enter into this agreement will accelerate the growth of our theatre network in North America and should help power the digital transition underway at our company, which we believe will help drive our operating and financial performance for years to come."
About AMC Entertainment Inc.
Headquartered in Kansas City, Mo., AMC Entertainment Inc. is one of the world's largest and most innovative theatrical exhibition companies. With a history of industry leadership dating back to 1920, the company today serves more than 230 million guests annually through interests in 358 theatres with 5,128 screens in six countries. Visit www.amctheatres.com for more information.
PLURISTEM THERAPEUTIC (OTCBB: PSTI)
"Up 25.22% on Friday"
Pluristem Therapeutics, Inc. is a company dedicated to the commercialization of non-personalized (allogeneic) stem cell therapy products for the treatment of numerous severe degenerative, malignant and autoimmune disorders. The company's first product, PLX-I, is directed at resolving the global shortfall of matched tissue for bone marrow transplantation (BMT) by improving the engraftment of hematopoietic stem cells (HSCs) contained in umbilical cord blood (UCB). Pluristem's products are derived from mesenchymal stromal cells (MSCs) obtained from the placenta and not from embryonic stem cells. They are expanded in the company's proprietary PluriXTM 3D bioreactor that imitates the natural microstructure of bone marrow and does not require supplemental growth factors, cytokines or other exogenous materials. Pluristem believes the resultant expanded cells, termed PLX cells, are multi-potent and able to differentiate into a variety of cell types. Recent evidence also suggests their efficacy may be related to their secretion of cytokines or other potent immune modulators. Furthermore, PLX cells are believed to be immune-privileged, hence protecting the recipient from immunological reactions that often accompany transplantation. Pluristem has offices in the USA with research and manufacturing facilities in Israel.
December 6 -
Pluristem Therapeutics Approved for Listing on NASDAQ Capital Market
Pluristem Therapeutics Inc. (OTCBB: PSTI) (DAX: PJT), a leading bio-therapeutics company dedicated to the commercialization of non-personalized (allogeneic) cell therapy products for a variety of malignant, ischemic and auto-immune disorders, announced that NASDAQ has approved the Company’s application to list its securities on the NASDAQ Capital Market. The Company’s common stock will begin trading on December 10, 2007 (and not December 11, 2007 as previously announced) under the symbol PSTI.
Zami Aberman, Pluristem’s President and CEO commented, “Pluristem is proud to begin trading on the NASDAQ Capital Market system. We believe that NASDAQ is the right platform to support our business growth aspirations. I am confident that our listing will facilitate broader interest in our common stock from both institutional and individual investors.”
The NASDAQ listing approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on NASDAQ, including that the trading price of the Company’s common stock remain at $4.00 or more, and may be rescinded if the Company is not in compliance with such standards.
NORTH-WEST OIL GROUP (OTC: NWOL)
Formerly Nord Oil International, North-West Oil Group Inc. is a Russian public oil-producing and oil-distributing company. NWOG is a young, dynamically growing company that offers its services on the oil markets of Moscow, St. Petersburg and other industrial centers of Russia’s European region. The company’s activity lies in the sphere of oil and gas distribution, production and distribution of oil products and petrochemicals, construction of oil refineries.
December 7 -
President of NWOG Inc. Answers Shareholders' Questions
North-West Oil Group Inc. (OTC: NWOL) announced Mr. Malyshev's answers to the questions of shareholders.
Q: Company's assets?
A: The Company has assets in Saratov region: Shalinsky license field; Goryuchinskoye, Stepnovskoye, Severo-Vasnetsovskoye and Kalininskoye fields
A: Current reserves (C1) total around 8 million tons, with four fields in Saratov region (three millions tons). Shalinsky field (around five million tons).
Q: How many actual (not contracted) employees does North West Oil Group Inc. have as of today?
Q: Next audit?
A: Audit of the company will be completed in the nearest time. The shareholders will be informed by a relevant news release.
Q: Shares buy-back program?
A: The Company is proceeding with the buy-back, but in smaller volumes than was originally declared.
Q: Current production?
A: 120,000 tons
A: Summarizing the results of nine months, net profit amounted to $ 4,372,700. Anticipated profit for 12 months will amount to $ 6.3 million, which is 13.24% higher than in the analogical period last year.
Q: What should be the actual price of the share based on the latest balance?
Q: Plans of uplisting / alternative stock exchanges?
A: As soon as the audit is done, the Company will proceed with entering alternative stock exchanges in different countries, including uplisting in the USA.
Q: Status of OAO NK "SaratovNefteGeoFizika" acquisition?
A: The purchase price is $60 million. Negotiations with an English bank were held and a relevant financing structure was elaborated. In accordance with it the bank is prepared to provide $50 million. $10 million the company shall issue in stock on account of prospective increase in share price. So far the reaction of the seller has not been received.
Q: Status of Danziger Vodka acquisition?
A: The Company requested the audited report on Danziger. So far the latter has not been provided on the part of Danziger.
Q: Status of oil terminal in Latvia?
A: Valuation is not completed yet.
Q: Status of refinery in Jordan?
A: The Company applied for participating in the tender. The latter has yet not been appointed.
Q: Status of drilling?
A: Presently two potentially commercial wells are being drilled in Saratov region. It is planned to finish drilling by the end of the year.
"The investment project on carrying out of prospecting works and extraction of hydrocarbonic raw material in Privolzhski federal region." The date of the project preparation was April 2006.
The project is in work in accordance with the approved program. Investments continue to be made.
Q: Assuming the company is awarded the contract for building a refinery in Syria. How do you expect to finance the cost of construction, which has been quoted at over one billion dollars?
A: For now we have already held negotiations with the banks that are interested in investing in this project.
Q: Compensation of shareholders' losses?
A: The details of the compensation program will be further disclosed in news releases.
Q: Reasons for doing the reverse split?
A: The reverse split was aimed at decreasing the amount of shares held by speculators.
Q: Reasons for decrease in share price?
A: Speculation. The management of the company urges honest shareholders not to take their lead from the speculators. We can put an end to speculation only if honest shareholders support the company.
Q: Do you consider buying other companies with shares or loans?
Q: Is long-term strategy still to buy smaller Russian companies?
Q: Can you give us an unaudited report of profits for the first three quarters of 2007?
A: No, because speculators can abuse this information.
Q: Are you also taking shares away from the enemies of NWOL through a lawsuit?
A: The company plans to start this after the audit is completed.
Q: Why does the management think adding shares will compensate those of the shareholders who have stayed with the Company from before the merger till present when those added shares will simply decrease the value of all outstanding shares proportionately?
A: Decrease in share price resulting from the issuance of additional shares to cover the losses of the shareholders at the time of the merger can happen only at the initial stage. The audit, the results of which will be received in the nearest time, will contribute to the affirmation of the real value of the company and, consequently, will contribute to the increase in share price. Thus, the compensated shareholders will be able to substantially cover their losses by way of selling the shares at a higher price.
Q: What objectives does the company set with regard to production and drilling in 2008?
A: In 2008 it is planned to increase production by 60 000 tons. This objective will be reached by drilling 5 additional wells.
Q: Where does the company see itself in five years?
A: In five years the management sees NWOG Inc. as a steadily developing company, competing in the Russian and in the world markets, listed in the biggest stock exchanges of the world, acting as operator of considerable projects in the oil sector, expanding its oil assets, proceeding with constant work towards increasing the share price.
SOUTHWALL TECHNOLOGIES (OTCBB: SWTX)
Southwall Technologies, Inc. develops, manufactures, and markets thin film coatings on flexible substrates for the automotive glass, electronic display, architectural glass, and window film markets. It develops various products that control sunlight in automotive glass, reduce light reflection, reduce electromagnetic radiation and improve image quality in electronic display products, and conserve energy via the application of architectural and after-market window film products. The company's products consist of transparent solar-control films for automotive glass; anti-reflective films for computer screens, including flat panel displays, plasma displays, and reflective films for back-lighting in liquid crystal displays; transparent conductive films for use in touch screen and plasma panel displays; energy control films for architectural glass; and various other coatings. It sells its products to original equipment manufacturers in North America, Europe, the Middle East, and Asia through direct sales force and sales representatives. The company was incorporated in 1979 and is headquartered in Palo Alto, California.
7 - Southwall's Heat Mirror Insulating Glass Achieves Insulation Value of R-20/U-0.05 Equal to the Insulation of a Solid Wall
Southwall Technologies, Inc. (OTCBB: SWTX), the worldwide innovator of high performance, energy-saving films and glass products, announced that the ability of Heat Mirror® insulating glass to insulate against heat loss at a record breaking R-20/U-0.05 insulation value.
R-20 Heat Mirror insulating glass consists of three heat reflective coated films mounted inside an insulating glass unit between two pieces of low-e coated glass. This super insulating glass construction creates four heat-impeding gas-filled cavities and achieves R-20 performance when used in conjunction with a thermally insulated fiberglass frame. Heat Mirror R-20 is a product of Alpen Energy Systems, a leading Southwall customer licensed to fabricate Heat Mirror insulating glass.
“This astounding achievement in energy efficiency is a tribute to the collaborative team effort of Southwall and its window and insulating glass customers who jointly push the envelope in enhancing the performance and value of Heat Mirror technology,” said John Meade, Southwall’s Director of Business Development
Superior to any low-e glass currently available, Heat Mirror is a technologically advanced low emissivity and solar reflective film that can be mounted inside an insulating glass unit in a variety of configurations (one, two or three coated films, uncoated or low-e coated glass) to provide energy conservation performance ranging from R-6 to R-20 to meet the unique requirements of commercial and residential new construction and renovation projects.
Heat Mirror is the technological alternative to coated glass that extends performance well beyond that of generic low-e glass available today. Heat Mirror insulating glass, as well as other innovative glass technologies currently under development, is driving the US Department of Energy to revise the glass performance standards of its Energy Star program that rates the energy efficiency of appliances and building components.
Scheduled to debut as early as 2009, revised Energy Star glass performance standards will make clear that generic low-e glass, with a maximum insulating performance level of R-4, no longer represents a level of energy efficiency required to “transform the market”, a key charter of the agency’s ratings and standards program. Among Energy Star’s objectives is increased market penetration of windows achieving insulating performance of R-10 by 2010, an objective readily achieved by Heat Mirror technology today.
Why is increasing the energy efficiency of glass important? According to Chris Mathis, a founding member of the National Fenestration Rating Council (NFRC), which sets standards for window energy efficiency, 64 percent of the 110 million existing homes in the US have single-pane windows. This contributes 25%-35% of the total energy wasted in buildings and 10% of the total carbon emissions in the US annually.
Southwall Technologies, Inc. introduced the world’s first low-e coated glass product in 1981, a pioneering technology recognized in 2000 by Popular Science magazine as one of the "Top 100 Inventions of the Millennium.” Southwall’s Heat Mirror insulating glass units are available from over 50 window and insulating glass manufacturers worldwide.