OTCPicks.com

For Monday, June 9th

CPRK, GRMU, RUNU, PDGT, HGLC, PARL

Our Stocks to Watch tomorrow include Copper King Mining Corp. (OTC: CPRK), GREM USA (OTC BB: GRMU), Rudy Nutrition Inc. (OTC: RUNU), Paradigm Tactical Products Inc. (OTC: PDGT), Hunt Gold Corporation (OTC: HGLC) and Parlux Fragrances Inc. (NASD: PARL).

COPPER KING MINING (OTC: CPRK)
"Up 31.25% on Friday"

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

Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.

CPRK News:

June 3 - Copper King Mining Corporation Announces Commitment for Long-Term Financing

OCS Capital Group, LLC Delivers Permanent Financing Commitment Letter

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Milford, Southern Utah, announced that it has obtained a long-term financing commitment for the company’s copper mining and milling operations from OCS Capital Group LLC (OCS).

The OCS financing commitment represents a firm $100,000,000 project funding commitment. The funding is drawn against federal revenue bonds. The bonds, when issued, will be purchased by OCS’s investment banking house. The parties expect it to take up to 4 months to complete the entire funding. OCS is currently negotiating to assist in providing a bridge loan for the company for ongoing operational needs.

OCS, an OCS American Limited Liability Company, is an international bond-law consulting firm with offices in Pennsylvania, Washington DC, and Albuquerque, NM. It is also a consultant on government relations and government affairs. It provides technical and professional services to local, municipal, state and federal government agencies in the United States and South America.

OCS past projects have ranged from $25 Million, up to $8.3 Billion and vary from mining to commercial developments in cities and towns. Additional information will be released as approved by the lender.


GREM USA (OTCBB: GRMU)
"Up 260.00% on Friday"

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

GREM USA, Inc., a development stage company, engages in the design and manufacture of custom handmade and mass-produced electronic guitars, amplifiers, and accessories. The company was formerly known as Global Business Markets, Inc. and changed its name to GREM USA, Inc. in December, 2004.The company was incorporated in 1999 and is based in Fort Wayne, Indiana.

GRMU News:

June 6 - GREM USA Commences Introductory Merger Talks With Top-Tier Guitar Manufacturer

GREM USA (OTC BB: GRMU) ("GREM" or "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, announced that the Company has commenced introductory merger talks with a nationally-recognized top-tier guitar manufacturer ("the Manufacturer").

The Manufacturer, who will be disclosed at a later date upon formal agreement of a letter of intent, is widely recognized as a leading producer of guitars throughout the United States and worldwide. The Manufacturer has existing profitable revenues in the tens of millions of dollars, complete and audited financial statements, and is believed to meet the requirements for listing on NASDAQ National Market.

The purpose of the merger would be to afford the Manufacturer the acquisition of a complementary business vehicle to which it may use to access public markets and expand its shareholder base. The benefits of undertaking this transaction with GREM specifically include its existing fully reporting status, its Fort Wayne, Indiana production facility (which could produce significantly more yield with the assistance of the Manufacturer), significant tax advantages to the Manufacturer, and the strong brand recognition of GREM guitars in the high-end market. GREM would intend to continue producing guitars in Fort Wayne, Indiana and would inherit thousands of additional distribution channels for its custom guitars. It is anticipated that the Manufacturer would absorb GREM liabilities as part of the merger terms. Although GREM is envisioned to be the surviving entity, current GREM officers and directors would be replaced by officers and directors of the Manufacturer, resulting in a complete change of control of the Company.

The Company wishes to emphasize that the process is in its initial stages and may take many months to complete, if at all. Considering such, management believes the impact of the proposed transaction to be extremely beneficial to common shareholders. A completed agreement would offer the opportunity for our shareholders to become a part of a mature, profitable company expected to be listed on a major national exchange. Although a share consolidation would be necessary, it is the belief of GREM management that the Manufacturer possesses strong fundamentals and would have little difficulty attracting investment interest into the new entity and maintaining a market capitalization necessary for continued listing on the NASDAQ.

President of GREM USA, Edward Miers, commented, "We're excited about the beginning of this process, and believe it could be a historic transaction in the US markets. Everyway we've looked at this, it makes a lot of sense. Given our current market capitalization of fewer than 500 thousand dollars, we think the merger process with a Manufacturer of this magnitude would add substantial value to our shareholders. If we are able to consummate this process, it would effectively result in GREM shareholders, who may have acquired our shares while we were valued at a couple hundred thousand dollars, a million dollars, or even several million dollars, to own a near-proportionate interest in a Manufacturer that could easily be expected to garner capitalizations exponentially higher than levels GREM has ever achieved. We believe this transaction would result in all shareholders experiencing a considerable appreciation in the value of their holdings, and that's why we're going to work diligently to make this transaction a reality."

Although GREM management believes this proposed merger is achievable, investors are cautioned that there is no guarantee that the described merger will take place, and are also apprised that it would further require a legal and regulatory process of an indeterminate timeframe. GREM will release announcements regarding the proposed merger as they become available.


RUDY NUTRITION INCORPORATED (OTC: RUNU)
"Up 46.67% on Friday"

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

Founded by Notre Dame sports legend Daniel "Rudy" Ruettiger, Rudy Nutrition, Inc. is a manufacturer of health conscious "Rudy" branded products that offer great taste as well as healthy choices for parents, kids, athletes, and active people looking for something special. Rudy Nutrition is focused on creating, distributing and licensing "Rudy" branded products that offer healthier alternative choices backed by Rudy's inspirational message of hope — that "never give up" spirit immortalized in the movie "RUDY" — on every product. For more information, visit www.rudynutrition.com, www.rudybeverageinc.com or www.avcg.net.

RUNU News:

June 6 - Coach June Jones Joins the Rudy Nutrition Team

Rudy Nutrition, Inc. (OTC: RUNU) announced that Southern Methodist University head football coach June Jones has joined the Rudy Beverage team as a celebrity endorser. Coach Jones will make personal appearances on behalf of Rudy Beverage and will be featured in advertising and promotional campaigns.

Before accepting the position at SMU, June Jones served as head football coach at the University of Hawaii, San Diego Chargers and Atlanta Falcons. While at Hawaii, Coach Jones was named National Coach of the Year (1999), led his team to the only NCAA Division I undefeated regular season (2007) and a birth in the BCS, Nokia Sugar Bowl (2008). He is the winningest football coach in University of Hawaii history.

"Football players will love the great taste, superior nutritional value, and optimum hydration of Rudy Beverage," said June Jones. "I am very excited to be joining Rudy in sharing this fantastic product with others and spreading his inspirational message of dreaming big and never quitting. I am a Rudy Ruettiger fan."

Daniel "Rudy" Ruettiger, Founder and Chairman of Rudy Nutrition commented: "June Jones' numerous accomplishments on and off the field exemplify what the Rudy message is all about. I am so proud to have this great mentor of so many young people join our team. June Jones is a winner and is my friend."

In the coming weeks, additional nationally recognized sports personalities who embody the Rudy message of "Dream Big. Never Quit." will to be announced.


PARADIGM TACTICAL PRODUCTS (OTC: PDGT)
"Up 200.00% on Friday"

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

Paradigm Tactical, based in Georgetown, Massachusetts, is a leading provider of detection technology and homeland security solutions to the military as well as corrections, law enforcement and security industry. The Company owns rights to license, manufacture, market, and sell all of its devices. As the heightened attentiveness to terrorist and other security threats continue to increase, Paradigm Tactical is meeting the higher demand for security and inspection systems. The Company has sold products to numerous Federal, State, and local institutions. For more information, visit www.GlobalDetector.com.

PDGT News:

June 6 - United States Army 5th Special Forces Unit Places First Major Order for Stealth Sensor™

Paradigm Tactical Products Inc. (OTC: PDGT), a leading provider of detection technology and homeland security solutions to the military as well as to the corrections, law enforcement and security industry has received its first significant order for the Stealth Sensor™.

The Stealth Sensor™ is the newest version device of the Paradigm Tactical Products metal detection product line. This new product replaces the older FriskerPRO and provides a superior product to the marketplace.

Paradigm Tactical Products CEO Vincent Cammarata discussed this milestone stating, “The sale to the US Army 5th Special Forces Unit is a powerful affirmation of our decision to enhance the aging FriskerPRO. The engineering behind the Stealth Sensor™ is state of the art utilizing Bluetooth synchronization to both single and multiple remote receivers overcoming a critical shortcoming of the FriskerPRO.” Cammarata went on to say, “In the coming months we intend to allocate the Stealth Sensor™ to our distributors worldwide which will allow us to maximize the profit potential of this new product. Both the designers, engineers and sales staff have made a tremendous effort to bring the company to this goal. We will continue to work at making further sales and product developments to grow the company and enhance shareholder value.”


HUNT GOLD CORPORATION (OTC: HGLC)
"Up 166.67% on Friday"

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

Hunt Gold Corporation is a gold mining and exploration company focused on the development and exploration of its properties, namely “Mockingbird”, “Ambassador”, “Golden Eagle” and its "American Molygold" interests.

HGLC News:

June 5 - Hunt Gold Corporation Discusses Further Acquisitions

Company confirms talks on possible acquisitions

Hunt Gold Corporation (OTC: HGLC) confirms that it is now in final negotiations to acquire additional gold mining properties.

The successful conclusion of these acquisitions will substantially increase the Company's portfolio of Gold interests.

Stockholders will be advised accordingly.


PARLUX FRAGRANCES INCORPORATED (NASD: PARL)
"Up 44.12% on Friday"

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

Parlux Fragrances, Inc. is a manufacturer and international distributor of prestige products. It holds licenses for Paris Hilton fragrances, watches, cosmetics, sunglasses, handbags and other small leather accessories in addition to licenses to manufacture and distribute the designer fragrance brands of GUESS?, Jessica Simpson, Nicole Miller, Natori, Queen Latifah, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund, and Fred Hayman Beverly Hills.

PARL News:

June 5 - Parlux Fragrances, Inc. Announces Fiscal 2008 Earnings

Parlux Fragrances, Inc. (NASD: PARL) announced its results for the fiscal year ended March 31, 2008. Sales from continuing operations were $153,696,374 compared to $134,365,094 in the prior year, an increase of 14%.

Income from continuing operations was $5,010,751 compared to a loss of ($27,864,295) in the prior year. Net income including discontinued operations was $5,036,101, or $0.24 per diluted share compared to $2,882,232 or $0.16 per diluted share in the prior year.

Mr. Neil Katz, Chairman and CEO, noted that, "The Company achieved a $51 million improvement in income from continuing operations before income taxes, on a year to year basis, which underscores our success in restructuring our operations and refocusing our business. We have reduced our operating costs by 33% by centralizing warehousing/distribution in New Jersey, and moving all corporate management and administrative activities into new office facilities in South Florida. We have reduced inventories by 35%, reduced G&A by 39% (excluding non-cash share-based compensation charges of $244,662 in 2008 and $18,946,950 in 2007), and reduced advertising by 22%, while concurrently increasing sales by 14%."

"Most significantly," Mr. Katz continued, "the Company had over $21 million in cash on hand at year end, and our $35 million bank line was not utilized. These funds will be available to support the launch of new licenses which we have signed, specifically Jessica Simpson, Nicole Miller, Natori and Queen Latifah, and to fully support our ongoing base business of Paris Hilton and GUESS?. Additionally, we will be launching a new Paris Hilton fragrance this Fall, as well as a new GUESS? men's fragrance in the Spring of 2009."

"We are optimistic about the growth and profit potential of the Company in Fiscal 2009 and the future," Mr. Katz concluded.

The financial results for fiscal 2008 are attached. The Company will file its Annual Report on Form 10-K for the fiscal year ended March 31, 2008 as soon as possible.

 
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