OTCPicks.com

Stocks to Win 04-30-09

For Thursday, April 30th

CADD, BNYN, SRZ, CSAR, WWAG, VRS

Our Stocks to Watch tomorrow include Caddo International Inc. (OTC: CADD), Banyan Corp. (OTCBB: BNYN), Sunrise Senior Living Inc. (NYSE: SRZ), Caraustar Industries Inc. (Nasdaq: CSAR), WWA Group Inc. (OTCBB: WWAG) and Verso Paper Corp. (NYSE: VRS).

CADDO INTERNATIONAL INCORPORATED (OTC: CADD)
"Up 216.67% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/CADD.php

Caddo International, Inc., is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the West Louisiana and East Texas regions.

CADD News:

April 26 - Caddo International Inc. Releases Company Update and Announces Explosive Growth

Caddo International, Inc. (OTC: CADD) (Caddo) is a Nevada corporation doing business in Oil City, Louisiana. As an oil field Service Company it provides a variety of services, including well servicing, connections, roust about, and lease maintenance. It currently has 3 pulling units, capable of servicing wells up to 3,000 foot deep. It also has two swabbing units, a vacuum truck, a steam truck, winch trucks, bucket trucks, and various other pieces of equipment. Caddo has approximately 15 employees.

Caddo's will continue to provide contract services for local oil and gas producers, and to continue to improve its services and equipment. At the same time it actively seeks to exploit new oil field technologies, and make strategic partnerships with other companies. Caddo is also in the process of spinning off two subsidiary companies in order to instantly increase shareholder value. One of which is a drilling company that has a fully equipped drilling rig, and has already drilled over 9 oil and gas wells, and two salt water disposal wells. It has been contracted to drill several more and sites explosive type growth.

Mario Lanza is Caddo's President & Director and has over 8 years of experience in the Oil Industry. Having started as a rig hand, he has experience in various facets of the business from the bottom up. Mr. Lanza has also had prior experience with public companies, serving as an officer and director for several companies, as well as owning and managing several of his own businesses. In 2005, Mr. Lanza became the corporate secretary for Petrol Industries, Inc. and in 2007 became its president. Now as the President of Caddo International he seeks to continue to expand and improve the services that the company provides, while exploring other opportunities to improve shareholder value.

Thomas Neeley is Caddo's Secretary & Director, served in the US Army from 1946 until issued Honorable Discharge in 1948. Attended Multnomah College-Portland, Oregon and Lewis & Clark College-Lake Oswego, Oregon in 1948-1951. Mr. Neeley served as City of Portland Traffic Engineer from 1952 until retirement in 1983. Since retirement has served as Director and or Officer of several corporations including Maesa Petroleum, Inc., OMDA Oil & Gas, Inc. and Black Dragon Resource Companies, Inc.


BANYAN CORPORATION (OTC: BNYN)
"Up 100.00% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/BNYN.php

Banyan Corporation is a publicly traded holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. Currently the company’s subsidiary, Chiropractic USA, Inc. is focusing on the branded Chiropractic clinics throughout North America by way of franchising and licensing locations and the use of uniform operating systems and practices. The company’s other subsidiaries, Premier Medical Group LLC, provides diagnostic testing services to physicians nationwide.

BNYN News:

April 29 - Banyan's Premier Medical Group Forecast Record Revenues

Banyan Corporation (OTCBB: BNYN) announced that its wholly owned subsidiary, Premier Medical Group (“PMG”), of Boca Raton, Florida, has achieved a record number of tests since its restructuring. In March PMG conducted 407 Diagnostic Tests and April should surpass 450 tests. Revenues from these two months are expected to exceed $600,000. PMG is forecasting gross revenues in excess of $3,600,000 in 2009.

Michael Gelmon, CEO of Banyan Corporation, stated: “Our business is recovering and growing significantly. PMG diagnostic testing services is quickly becoming a recognized and highly valued source by the medical community. We anticipate that this demand will continue to increase during this year. We expect to meet and exceed our 2009 goal of $3.6 million.

In addition to PMG, our recent published report announcing the initiation of On-Line services for our Chiropractic USA division, indicate the expansion of all segments of our business. We anticipate this trend to continue thru 2009”.

PMG specializes in Nerve Conduction Velocity testing.


SUNRISE SENIOR LIVING INCORPORATED (NYSE: SRZ)
"Up 77.88% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/SRZ.php

Sunrise Senior Living, a McLean, Va.-based company, employs approximately 40,000 people. As of December 31, 2008, Sunrise operated 435 communities in the United States, Canada, Germany and the United Kingdom, with a combined capacity for approximately 54,000 residents. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing, rehabilitative and hospice care. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents.

SRZ News:

April 28 - Sunrise Signs Twelfth Amendment to Bank Credit Facility through December 2, 2009

Sunrise Senior Living, Inc. (NYSE: SRZ) announced it has entered into a twelfth amendment to its Bank Credit Facility, which eliminates all financial covenants, except a minimum liquidity covenant, through the December 2, 2009 maturity date.

"We are very pleased that our bank group has worked with us to maintain our line through its maturity date," said Mark Ordan, Sunrise's chief executive officer. "This enables us to continue our restructuring efforts as we focus on our core business."

In addition to eliminating all financial covenants, except for a minimum liquidity test, the twelfth amendment relieves Sunrise's lenders and letter of credit issuers from advancing any additional proceeds of the loans to the borrowers, and from issuing any new letters of credit for the benefit of Sunrise or any of its subsidiaries through the maturity date.

The amendment requires Sunrise to provide the lenders with additional financial, operational and liquidity reports through the maturity date. The amendment further extends and modifies the application of certain existing negative covenants through the maturity date.

As of April 27, 2009, Sunrise had outstanding borrowings of $72.7 million under the Bank Credit Facility and outstanding letters of credit of approximately $24.5 million.

Further details concerning the twelfth amendment will be contained in a Current Report on Form 8-K to be filed by Sunrise with the U.S. Securities and Exchange Commission.


CARAUSTAR INDUSTRIES INCORPORATED (NASDAQ: CSAR)
"Up 92.86% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/CSAR.php

Caraustar Industries, Inc., through its subsidiaries, manufactures and markets recycled paperboard and converted paperboard products in the United States and Canada. It operates in four segments: Paperboard, Recovered Fiber, Tube and Core, and Folding Carton. The Paperboard segment produces uncoated recycled paperboard, as well as clay-coated recycled paperboard. The Recovered Fiber segment collects, sells, and brokers recovered fiber. The Tube and Core segment produces tubes and cores that are used in textile cores, paper mill cores, yarn carriers, carpet cores, and film, foil, and metal cores. It also manufactures specialty converted products used in industrial packaging protection applications. The Folding Carton segment manufactures folding cartons and rigid set-up boxes, which are used principally as containers for paper goods, hardware, candy, sporting goods, frozen foods, dry food, film, and various other industrial applications, including textile and apparel. The company, through its joint venture with Temple-Inland, Inc., produces a lightweight gypsum facing paper along with containerboard grades. Caraustar distributes its products through its own sales force, and divisional and corporate level sales personnel, as well as direct sales. The company was founded in 1938 and is based in Austell, Georgia.

CSAR News:

March 19 - Caraustar Announces It Has Permanently Ceased Production at Its Carolina Paperboard Mill

Caraustar Industries, Inc. (Nasdaq: CSAR) announced that on March 19, 2009 it made the determination to permanently cease production of uncoated recycled boxboard (URB) at its Carolina Paperboard mill in Charlotte, NC. Production was ceased effective today. The company had previously announced, on December 11, 2008, the idling of the Carolina Paperboard mill. The mill had an annual capacity of approximately 62 thousand tons. The company will continue to service customers and their needs from other Caraustar locations.

Associated with this closure, the company will record a pre-tax charge of approximately $9.7 million, of which $7.3 million will be non-cash. It is expected that the rationalization of this facility will generate $11.4 million in annual pre-tax savings. The closure of the Carolina Paperboard mill will affect approximately 111 salaried and hourly employees. Caraustar will provide a comprehensive program of separation compensation, benefits coverage and job assistance to the employees affected by the closure to facilitate their transition to alternate employment.

In making the announcement, Greg Bartlett, vice president, sales Mill Group, stated, "In December, we announced that we were idling the Carolina Paperboard mill and would monitor demand in order to determine whether it was feasible to resume production at the facility. In this increasingly challenging economic environment, it is not economically prudent to resume paperboard production or to continue to keep the paper machine idle. Our focus continues to be on our customers. We are committed to providing superior customer service."


WWA GROUP INCORPORATED (OTCBB: WWAG)
"Up 50.00% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/WWAG.php

WWA Group, together with its subsidiaries, engages in the trading and auctioning of transportation and industrial equipment worldwide, with a primary base of operations in Dubai, U.A.E. Since 2001 WWA Group has realized more than $1 billion in gross auction sales from sites in the United Arab Emirates, Holland, China, Australia, and Qatar. Auctioned items include mobile and stationary earthmoving and construction equipment, such as crawler tractors, excavators, wheel loaders, cranes, trucks and trailers, generators, compressors, agricultural tractors, and forklifts. WWA Group is the largest seller of used construction and industrial equipment in the booming Gulf Region of the Middle East and has expanded this dominant position to include related businesses in shipping and project management.

WWAG News:

April 28 - WWA Group to Hold Its First Auction in the United States

WWA Group, Inc. (OTCBB: WWAG) announced that it will hold an unreserved equipment auction in Tempe, Arizona on June 9 and 10, 2009 as a first step towards expanding its presence into larger markets where sellers and buyers are underserved.

WWA Group has secured a prime site at the juncture of the 101 and 202 freeways in Tempe and is now taking consignments of equipment for the first of several planned auctions at this location.

“The Arizona truck and equipment market is substantial, and current conditions suggest that many sellers need additional outlets to turn their equipment into cash,” said WWA Group CEO Eric Montandon. “We look forward to introducing our unique approach to equipment auctions that will better serve sellers and buyers in the United States.”


VERSO PAPER CORPORATION (NYSE: VRS)
"Up 50.00% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/VRS.php

Based in Memphis, Tennessee, Verso Paper Corp. is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and supercalendered and specialty products. Verso's paper products are used primarily in media and marketing applications, including magazines, catalogs and commercial printing applications such as high-end advertising brochures, annual reports and direct-mail advertising.

VRS News:

April 23 - Verso to Report First Quarter Results and Host Conference Call on May 7

Verso Paper Corp. (NYSE: VRS) announced that it will report its financial results for the first quarter ended March 31, 2009, in a news release before the market opens on Thursday, May 7. Management will host a conference call at 9:00 a.m. Eastern Time, Thursday, May 7, to discuss the first quarter results.

This release and the first quarter results will be made available on Verso's website (www.versopaper.com).

Analysts and investors may participate in the live conference call by dialing 913-981-5556 or, within the U.S. and Canada only, 888-221-3881, access code 6104754. To register, please dial in 10 minutes before the conference call begins. The conference call and presentation materials can also be accessed at Verso's website by clicking on the link to Investor Relations Overview or at www.videonewswire.com/event.asp?id=58136.

A telephonic replay of the call can be accessed at 719-457-0820 or, within the U.S. and Canada only, 888-203-1112, access code 6104754. This replay will be available starting at 12:00 p.m. (ET) on May 7, 2009, and will remain available until noon (ET) on May 20, 2009. The replay will also be available on Verso's website for 90 days.

 

Sign Up Today - It's FREE!

Clicky Web Analytics