For
Monday, September 8th
IBOT, CPRK, AGMS, SPNG, USMM, GNAU
MONA, MODC, CIRT, GLCC, FTER, WWEI, FMNJ
Our Stocks to Watch today include Industrial Biotechnology Corp. (OTC: IBOT), Copper King Mining Corp. (OTC: CPRK), Angstrom Microsystems Corp. (OTCBB: AGMS), SpongeTech Delivery Systems Inc. (OTCBB: SPNG), U.S. Mine Makers Inc. (OTC: USMM), General Automotive Co. (OTCBB: GNAU), MonArc Corp. (OTC: MONA), Modern Technology Corp. (OTC: MODC), Cardio Infrared Technologies Inc. (OTC: CIRT), Good Life China Corp. (OTC: GLCC), Forterus Inc. (OTCBB: FTER), Welwind Energy International Corp. (OTCBB: WWEI) and Franklin Mining Inc. (OTC: FMNJ).

FEATURED
COMPANY

INDUSTRIAL BIOTECHNOLOGY CORPORATION (OTC: IBOT)
Detailed
Quote: http://www.otcpicks.com/quotes/IBOT.php
Company
Profile:
http://www.otcpicks.com/industrial-biotech/industrial-biotech-2.htm
Industrial Biotechnology Corporation, (IBC) provides products, services and technologies using renewable resources as an alternative to petroleum and traditional manufacturing methods. IBC production processes are eco-efficient and apply and adhere to sustainable practices and standards. IBC accomplishes this with the ALCHEMx Production Platforms™, which integrates technologies, sustainable manufacturing, and distribution with supply chain partners to meet customer needs and pricing requirements. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels.
IBOT News:
September 8 - Industrial Biotechnology Corp. Reiterated 'Speculative Buy,' Target Price $2.20 by Beacon Equity Research
Industrial Biotechnology Corp. (OTC: IBOT) has received a reiterated Speculative Buy rating with a price target of $2.20, by Beacon Analyst Victor Sula, Ph.D.
The full report is available at http://www.beaconequity.com/adpages/IBOT.
In the report, the analyst writes, “Since our initial report, IBOT’s stock price has increased 10%, from $1.09 to $1.195, mainly as a result of growing interest in the use of sugarcane-based ethanol as a viable feedstock for renewable ethanol and derivate products … The Company has also announced a strategy for importing sugarcane ethanol from Brazil while avoiding the $0.54 ethanol import tariff. This can be accomplished by dehydrating the product in a Caribbean Basin country.”
Other companies in the renewable energy sector include: Verasun Energy Corp. (NYSE: VSE), Aventine Renewable Energy (NYSE: AVR), Sigma-Aldrich Corp. (Nasdaq: SIAL) and Hercules Inc. (NYSE: HPC).
FEATURED
COMPANY

COPPER KING MINING CORPORATION (OTC: CPRK)
Detailed
Quote: www.otcpicks.com/quotes/CPRK.php
Company
Profile:
www.otcpicks.com/copper-king-mining/copper-king-mining.htm
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:
September 8 -
Copper King Mining Corporation Announces Mining Updates
Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, provided updates concerning construction of its Flotation Mill near Milford, Utah.
The company has recently expended in excess of $10,000,000 to purchase all remaining major items for the Flotation Mill necessary for its completion, which includes the Toshiba Control system, the MCCS and substation parts, cable trays and electrical equipment. The only remaining primary items required before the Mill is operational are two water wells, one water tank, and ongoing labor costs, which are minimal. The company has also received the feed conveyors for the ball mills and the company’s construction crew is working diligently to complete installation of all equipment, systems and parts. The mill is expected to be online, as anticipated, in November 2008.
FEATURED
COMPANY

ANGSTROM MICROSYSTEMS CORPORATION (OTCBB: AGMS)
Detailed
Quote: www.otcpicks.com/quotes/AGMS.php
Company
Profile:
http://www.otcpicks.com/angstrom-microsystems/angstrom-microsystems.htm
Angstrom Microsystems is one of the top Green computing companies, providing technology solutions ranging from liquid-cooled blades to acceleration software in order to help reduce the power requirements of datacenters. Its customers include Rhythm & Hues, Fox Films, Tippett Studios and the National Institutes of Health. Angstrom has earned a reputation for quality, service, and engineering innovation in the AMD Opteron processor-based system market. See Angstrom Microsystems in the end credits of Blue Sky Studios' "Ice Age: The Meltdown."
AGMS News:
September 4 -
Angstrom Microsystems Computers Render the Blockbuster Hits of 2008, 'The Incredible Hulk' and 'The Mummy: Tomb of the Dragon Emperor'
Animator Render Farm Powered by Angstrom Titan64 SuperBlade™ Server Solutions
Angstrom Microsystems Corp. (OTCBB: AGMS), a green computing solutions company, announced that Rhythm & Hues has used its deployment of Angstrom Titan64 SuperBlade™ rendering blades for the creation of the hit animation movies "The Incredible Hulk" and "The Mummy: Tomb of the Dragon Emperor." The successful implementation of Angstrom's Titan64 SuperBlade™ and its contribution to these incredible blockbuster animation hits is just another milestone for Angstrom in establishing itself as a leader in the special effects industry. Angstrom blades are energy efficient computers powered by AMD Opteron™ processors to provide maximum performance. Rhythm and Hues chose the Angstrom Titan64 computers over its competitors because it was better able to conduct significantly more complex and faster generation of movie animations.
Angstrom Microsystems specializes in Green Computing solutions, providing blade servers and workstations uniquely designed for the special effects industry. With both hardware and software solutions to reduce the power needed to drive computing, Angstrom reduces the number of machines required to facilitate these tasks and thereby saving companies significant investments into additional servers at the same time reducing the energy required to run these servers.
"We are excited to see the 'Big Green Guy' and 'The Mummy' brought to life utilizing Angstrom's Titan64 SuperBlade servers," said Lalit Jain, CEO of Angstrom Microsystems. "Using advanced liquid cooling technology in the future, Angstrom expects more successful creative endeavors with Rhythm & Hues and looks forward to an even stronger and mutually rewarding partnership."
"Angstrom's blade servers played an important role in providing the computing backbone for the rendering of 'The Incredible Hulk' and 'The Mummy: Tomb of the Dragon Emperor,'" said Mark Brown, Vice President of Technology at Rhythm & Hues. "Angstrom's SuperBlade servers based on the AMD Opteron processor provided the computing power we needed for these projects, and Angstrom's technical assistance enabled us to easily manage and expand our growing requirements for the film."
FEATURED
COMPANY

SPONGETECH
DELIVERY SYSTEMS (OTCBB: SPNG)
Detailed
Quote: http://www.otcpicks.com/quotes/SPNG.php
Company
Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery
Systems is a development stage company
which designs, produces, markets and distributes cleaning
products for vehicular use utilizing patented technology
relating to sponges containing hydrophilic (liquid
absorbing) foam polyurethane matrices. The Company's
sponges are specially configured with an outer contact
layer and an inner matrix, which is loaded with specially
formulated soaps and wax that are released when the
sponge is applied to a surface with minimal pressure.
The Company's products are currently designed specifically
for vehicular cleaning use. However, the Company is
exploring the possibility of using its patented technology
for the development of sponges for other uses, including
for use with anti-bacterial, bath and kitchen soaps
for household uses, as well as for use as a children's
bath foam sponge.
SPNG
News:
September 5 -
SpongeTech® Delivery Systems, Inc. to Air Promotional Advertising on the Boston Red Sox's™ New England Sports Network 'NESN TV'
SpongeTech to Begin Test Promotional Advertising Campaign on NESN TV over This Weekend
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that starting tonight the Company will be airing promotional advertising on NESN TV tonight, Friday, September 5, 2008. The first of the television ads will air prior to tonight's Boston Red Sox's game against Texas Rangers with additional promotional spots airing prior to Monday's game between the Red Sox and the Tampa Bay Rays.
SpongeTech COO Steven Moskowitz said, "We are especially excited to begin airing spots in the New England market during this exciting time in the baseball season. We believe this will be an effective way for SpongeTech to better familiarize Red Sox fans with our brand, and encourage them to try our products and experience our value."
FEATURED
COMPANY

U.S. MINE MAKERS INCORPORATED (OTC: USMM)
Detailed
Quote: http://www.otcpicks.com/quotes/USMM.php
Company
Profile:
http://www.otcpicks.com/us-mine-makers/us-mine-makers-2.htm
U.S. Mine Makers, Inc. is a US-based company engaged in "eco friendly" mining and processing of precious metals in Idaho, Nevada and Canada. The Company processes ore concentrate and hard rock ore to recover residual gold, platinum, rhodium and other precious metals from waste rocks of old abandoned mines. The Company`s goal is to process ore in a safe and economical manner, with little or no environmental impact.
USMM
News:
September 5 - U.S. Mine Makers, Inc. CEO Ron Bell to Appear on MoneyTV
U.S. Mine Makers, Inc. (OTC: USMM) CEO Ron Bell announced ore recovery plans in Q4 and revenue projections for 2009 on MoneyTV, a nationally syndicated television program all about money and what makes it happen.
MoneyTV features informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures.
MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 5:00 PM, on UPN-TV in the Virgin Islands and Puerto Rico Sundays at 8:00 AM and is also available in Thailand on the Broad TV Network.
FEATURED
COMPANY

GENERAL AUTOMOTIVE COMPANY (OTCBB: GNAU)
Detailed
Quote: http://www.otcpicks.com/quotes/GNAU.php
Company
Profile:
http://www.otcpicks.com/general-automotive/general-automotive-2.htm
General Automotive Company ("GAC") is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, visit www.generalautomotive.com.
GNAU
News:
September 2 - General Automotive Announces Joint Venture Operating Terms
Acquisition Focused Automotive Company and Notable Ceramics Research Firm Join Forces in Automotive Fuel Cell and Sensor Technology Venture
General Automotive Company (OTCBB: GNAU), a North American provider of parts, accessories and advanced technology for the automotive industry, announces the operating agreement terms for their newly created joint venture named Advanced Composite Technology, LLC (ACT), per the Company’s recent 8-K filing denoting such in regard to its definitive agreement with SenCer, Inc.
General Automotive and SenCer recently formed the ACT joint venture to develop, commercialize and market SenCer’s groundbreaking UltraTemp™ ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies.
The joint venture also intends to advance the development and commercialization of next-generation oxygen sensors, which represent a significant part of the Company’s current business, which generated total annual revenues of $15.3 million in 2007.
ACT’s groundbreaking technology solves the two most persistent problems in fuel cell design; cost and durability, by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. The technology will also enable the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions for motor vehicles worldwide.
General Automotive President and CEO Joseph DeFrancisci commented, “Backed by extensive field test data supporting remarkable thermal properties and the bonding relationship with engineered oxide, conductive metals and ceramics coatings from SenCer’s breakthrough technology UltraTemp™; we believe this new joint venture will accelerate commercial development of potential industry-changing devices in the automotive sensor and fuel cell technology markets globally.”
Joint Venture Operating Terms with Commercial Viability Timeline
On July 22, 2008, General Automotive Company (GAC) and SenCer, Inc. entered into an Operating Agreement which sets forth the regulations, terms and conditions under which Advanced Composite Technology, LLC (ACT), the Joint Venture will be operated.
The Operating Agreement provides that GAC and SenCer shall each hold 50% membership interests in the Joint Venture. Initially, GAC shall contribute services and incur such costs and expenses as it shall deem necessary to determine the commercial viability of the Joint Venture’s business, of which services have an agreed-upon value of $200,000.
In the event GAC becomes satisfied that the business is commercially viable, GAC shall make additional capital contributions of up to $750,000 to fund the operations of the Joint Venture and SenCer shall contribute to the Joint Venture a license to use SenCer’s ceramic composite technology for any and all transportation applications, all pursuant to an exclusive license agreement by and between the Joint Venture and SenCer.
If commercial viability has not been achieved by January 15, 2009, the Joint Venture will be dissolved unless GAC elects to continue its existence. This early exit clause under General Automotive’s control, not only positions the Company for significantly greater shareholder value with very little risk, but also the short term time horizon that both joint venture partners expect to establish commercial viability by.
GAC shall be the sole managing member of the Joint Venture, responsible for the day-to-day operations as well as certain marketing activities for Advanced Composite Technology.
SenCer shall design and develop applications and prototype products for clients of the Joint Venture. The description of the Operating Agreement above is a summary and is qualified in its entirety by reference to the Operating Agreement as filed with the S.E.C.
ABOUT SENCER INC.
Established in 1996, SenCer Inc. is a technology research firm that has developed a ceramic composite material, UltraTemp™, with remarkable thermal properties and bonding capabilities. The new technology has applications in oxygen sensing (automotive and medical markets); oxygen generation (aluminum – inert anodes, gas generation, medical); and power generation (fuel cell technology). SenCer maintains a 20,000 square foot manufacturing facility in Penn Yan, NY.
STOCKS
TO WATCH
MONARC CORPORATION (OTC: MONA)
"Up 42.86% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/MONA.php
Monarc Corporation was formed in 2000. The company acquired multiple subprime short term lending companies for the B2C marketplace doing business under the brand name "Cash Now" in 2003. The company also had an array of other financial products such as IFGX and Cash Next under development for the B2B marketplace; such as invoice discounting and factoring. In 2005 the company suffered a setback with 4 consecutive strikes of hurricanes of 2005 while domiciled in Florida. Unable to operate on a day to day basis without interruptions, the company was delisted from being am SEC reporting issuer soon after and consequently its stock was re-ranked as an unsolicited stock and 2006 was a reconstructing year. The company used the time out to raise capital with the issuance of preferred convertible shares. Soon after, in January 2007, it resumed operations. With the sweeping changes in the subprime industry and with most of the States and Provinces restricting this product use the company looked at different industries. In 2007, it launched a Check 21 product and a Forex division and looked towards China as a growth market. In late 2007 MONA sold these aforementioned operating assets to a China-based company and the proceeds of that sale were distributed to its shareholders. In early 2008, MONA looked for another growth industry and decided to enter beverage control. The company acquired 3 start-up entities in the hospitality control industry. In December 2007, the controlling interest of Monarc was purchased by Brookcor Holdings, on an all cash and stock basis. Those businesses were spun out several months later and the paid stock returned to the treasury. MONA identified a China-based mass distribution company and completed a reverse merger with them through their Belize holding company Fulushu Limited in June 2008. The company continues operating these entities as it nears completion of the development of its B2B product line. The company is also currently in a process of filing certain documents to remove the warning sign from the Pink Sheets quotation system and to again become a solicited company, with future plans on becoming an SEC reporting issuer. MONA is also taking measures to raise the pink sheets ranking from "Yield limited information" to a "pink check mark status."
MONA News:
September 8 -
MonArc Corporation Closes Acquisition of China Based Direct Marketing Company
MonArc Corporation (OTC: MONA) (www.monacorporation.com) announced that it has closed the acquisition of EEIGI Ltd., a Hong Kong based direct marketing company with over 7,000 representatives.
EEIGI manufactures and sells a proprietary line of all-natural Health and Beauty Aids (HBA) through a direct marketing distribution business model. These are developed and shipped worldwide from the Company's Canadian offices and manufacturing centre. Importantly, EEIGI has put together a significant network of representatives, and enjoys top-line revenue in the millions of dollars with an asset base of roughly $15 million.
HBA is one of the most profitable sectors based on gross margins of products sold. The most significant costs most HBA firms have is the cost of marketing and advertising, including package design. Using a direct marketing business model similar to Amway and Avon, EEIGI has reached a level of critical mass with enough distributors to generate profitability on its product line. The Company is now poised for accelerated growth, given the organic growth model of direct, multi-level sales and the marketing support the Company can now dedicate to building on an already successful business model. It is targeting a total of 18 countries to augment its core sales in China.
EEIGI is currently developing an English version of its website, which can be found at www.eeigi.com. Initial development has begun, however the quality of the translation is relatively inconsistent. One of the first tasks MonArc will undertake is to ensure that the English version of the website accurately depicts the EEIGI's products and services, and complies with North American, and eventually, European regulatory requirements.
Moving forward, EEIGI will be the primary operating business within MonArc. In keeping with the Company's new business model as a Small Cap Boutique Investment Group, MonArc will work with EEIGI management to begin to create awareness of EEIGI as a public company. We will be tasked with creating investor awareness and building investor interest in EEIGI. Our advisory services will include helping to grow the Company to the next level with sound financial planning and appropriate corporate strategies. When EEIGI is ready, MonArc management intention is to spin it off as a separate public company. Obviously, MonArc shareholders will be rewarded with dividends in the new company. It is also planed or anticipated that MONA investors will have the opportunity to see their investment grow through the addition of stock warrants or options once EEIGI stands on its own.
In other Company news, MonArc is continuing discussions regarding the sale of its Hubei Chuguan Industry Co. Ltd.position. This is an environmental services company active in the oil sector, as previously announced. Our representatives in China are walking Hubei Chuguan executives through a similar approach and spin off their Company as the second major project in the upcoming months. Due diligence is proceeding on course, and we are working with management to develop the final framework and timetable for this project.
MonArc is also continuing work with PP365.com an online gaming company (the current operating company in MONA) and Innotrek, (a broadband Hotel ISP) who have been making excellent progress in their respective businesses, but are not as mature as companies as EEIGI and Hubei Chuguan. Management is in discussion with several interested groups for these asssets.
MonArc CEO, Mr Yong Chan advises: “We feel that MonArc is on the verge of significant success. Special gratitude to Mr.Garr Winters MONA X CEO and the current Secretary and Strategic Advisor has been instrumental and pivotal in making all of this happen. He has been working overtime in the background to see this transformation and sucess come to a fruition. Not to take anything away from PP365 or Beijing Innotrek Technology Co., but EEIGI and Hubei Chuguan are on a different level in terms of maturity of the Company, scale of operations, revenue streams and profitability. However, we really like what these younger companies are achieving and have every confidence that they will have the ability to capitalize on their respective business opportunities and go on to great success within our company, and as individual public companies down the line.
Our work with them has been vital to MonArc as we have reshaped our corporate business model over the last year. We are extremely well positioned to continue to identify additional candidate companies in China who are already successful but need the benefit of our experience and guidance to capitalize on the benefits of being publicly traded companies. Shareholders can expect to receive an ongoing series of rewards in a form of cash or stock dividends and other instruments to leverage the potential for increased value of these companies; as we introduce them to public markets and transition them to trade under their own names.”
MODERN TECHNOLOGY CORPORATION (OTC: MODC)
"Up 175.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/MODC.php
MODC acquires promising technology companies and related assets to promote their growth and development. The company builds revenues and asset value through a model of continuous growth and derives income from appreciation of its portfolio and licensing or revenue-sharing agreements.
MODC News:
September 8 -
Modern Technology Corp to Acquire Avatron Technology Group With Profitable Revenues Exceeding $32,000,000
Modern Technology Corporation (OTC: MODC) (www.moderntechnologycorp.com) announced it executed a Letter of Intent to acquire Avatron Technology Group ("ATG").
ATG is an international technology company consolidator with an emphasis on expansion into Western and Asian markets. Pro-forma consolidated revenues exceed $32,000,000 with estimated earnings of 10%. Current MODC Management will be replaced after a transition period. The transaction includes a maximum capital raise of $1,000,000 to cover transaction costs and facilitate growth.
The LOI is subject to customary due-diligence, transaction funding, and expires 30 September 2008. The Company believes due-diligence/funding criteria satisfied and will timely publish transaction disclosure and pro-forma financials. The current date for Definitive Agreements is 15 September 2008. Disclosure information will be published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11.
No reverse or forward split or re-capitalization of the Company's stock will occur as part of this transaction. MODC has 35,659,484 shares issued with 150,000,000 authorized.
The transaction is part of previously disclosed plans to divest unprofitable operations, eliminate debt, and provide strong equity growth. The Company believes it has substantially achieved its objectives and continues to execute its plans accordingly.
CARDIO INFRARED TECHNOLOGIES INCORPORATED (OTC: CIRT)
"Up 33.33% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/CIRT.php
Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market to every country around the world. The equipment has already been featured on "Good Morning America" and "The View." Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes acquisitions and development of innovate new equipment and programs in the exercise and medical industries.
CIRT News:
September 8 -
Cardio Infrared Technologies, Inc. Announces Increased Sales and Income
Cardio Infrared Technologies, Inc. (OTC: CIRT) (www.cardio-cor.com), a leading Health and Wellness technology and marketing company, announced that sales and net income for the eight months ended August 31, 2008, ended with net income up 82% and sales up 68% above the same period a year ago.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, ``Sales for the eight months end August 31, 2008 are up 68% above the same period for 2007. The net income for the eight months ended August 31, 2008 was up 82% over the same period for 2007. The company is very excited about the increase in business and the progress that has been accomplished so far this year. The additional capital resources that Cardio Infrared Technologies, Inc. has been able to generate, have made a big difference in the ability to generate additional sales and thus increase the profitability of the company. Sales continue to increase on a monthly basis due to the increased sales force and the benefits that the units offer the customers.''
Cardio Infrared Technologies is quoting units for delivery in Europe for the fourth quarter of this year and the first quarter of 2009. Cardio Infrared Technologies, Inc. is the world sales leader for the Cardio-Cor equipment and is working with the manufacturer to decrease the cost per unit and increase the market area for the units.
The new website for the Cardio-Cor is generating leads at ten times the rate the old website generated leads and the website has only been in operation for one week. The number of leads generated will continue to increase as more search engines list the site and Cardio-Cor moves up on the search pages for each engine. Cardio Infrared Technologies, Inc. will continue to invest in this website and develop the increased sales this site can and will generate.
Cardio Infrared Technologies, Inc. has been investing in additional sales and marketing efforts over the last six months resulting in additional sales and income. Cardio Infrared Technologies, Inc. will continue to develop the market for the Cardio-Cor and other products that will enhance the Cardio-Cor sales and increase the dollar amount and profit per sale.
GOOD LIFE CHINA CORPORATION (OTC: GLCC)
"Up 9.09% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/GLCC.php
Good Life China Corporation operates a chain of franchised convenience stores in Hebei Province, the People’s Republic of China. The company employs retail concepts, such as e-commerce enabled POS/back office systems. It operates approximately 1,730 stores. The company also has an agreement with Petro China Beijing to provide distribution services and information management system services for the convenience stores in the gas stations belonging to Petro China Beijing Marketing Company. In addition, the company offers online sub prime financial services, such as money lending, forex trading, and advanced electronic funds management. Good Life China Corporation was incorporated in 1998 and is based in Toronto, Canada.
GLCC News:
September 4 -
Good life China Closes Acquisition of 'The People Home' Chain
Good Life China Corporation (OTC: GLCC) (www.goodlifechina.com) announced that the acquisition of Shijiazhuang based "The People Home" (TPH) chain of 625 stores has been successfully closed.
The acquisition is a very significant one, from both a top-line revenue point of view, and in terms of achieving ever-growing economies of scale on the logistics side of the retail business - which is the core focus of Good Life's business model. Additionally, the acquisition significantly expands Good Life's retail level footprint in China, and may signal the first signs of consolidation of retailers in rural areas of China.
TPH has a total of over 600 stores, carrying a variety of low-cost consumer products. With the addition of TPH, Good Life now boasts a total of over 3,300 stores.
The addition of TPH also broadens the number of suppliers that will be tied in to Good Life's advanced warehousing and logistics capabilities. Expanding the supplier side of the retail distribution channel is as important to Good Life as the expansion of its retail locations - as the Company generates revenues from both sides of the retail equation.
Good Life CEO, Dong-Mei Jia, noted, "This is a very exciting development for the Company. We had established an objective of 4,000 retail locations by the end of 2008, and we have a good chance of meeting that objective.
We also believe that we can improve the operating efficiencies of TPH, and increase the level of profitability by lowering costs on the supply-side by way of volume discounts due to the consolidation, as well as reduced warehousing and distribution costs through utilization of Good Life's 'best of breed' logistics capabilities."
FORTERUS INCORPORATED (OTCBB: FTER)
"Up 40.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/FTER.php
Forterus, Inc. and its subsidiaries engage in diverse business activities, including thoroughbred breeding and racing, drug and alcohol rehabilitation, and finance. For more information on A Better Tomorrow or Forterus, visit their respective websites at www.abttc.com and www.forterus.com.
FTER News:
September 8 -
Filled to Capacity, Forterus' Drug and Alcohol Treatment Center Subsidiary Is Poised for Expansion
Forterus Inc. (OTCBB: FTER) announced that A Better Tomorrow Treatment Center Inc., its drug and alcohol treatment center subsidiary, is filled to capacity and poised for expansion.
"We are actively seeking additional facilities that will enable us to increase A Better Tomorrow's bed count," said Paul Howarth, CEO of Forterus, which acquired the Murrieta, Calif.-based drug, alcohol and gambling treatment center in August.
Forterus announced its expansion plans for A Better Tomorrow less than a week after reporting record revenues and earnings for A Better Tomorrow during the second quarter and six months ended June 30, 2008.
A Better Tomorrow reported record second quarter revenues of $1,265,262, a 39 percent increase over the $904,036 recorded in April, May and June of last year, with net income of $188,169, a 42 percent increase over the $108,610 recorded a year earlier. Revenues for the six months were $2,635,724, a record 42 percent jump over the same period a year earlier, while net income rocketed to 48 percent, the highest in the history of the four-year-old rehabilitation center.
"We are very pleased with the strength of A Better Tomorrow's financial performance," said Paul Howarth, CEO of Forterus. "The owners kept a lot of skin in the game over the last four years. Thinking of the future of the company first, most profits were reinvested back into the company for growth. The industry experience level of our key employees is what propelled us from a start up with a $75,000 to a multi-million-dollar company in a very short period of time."
Howarth said Forterus would continue to grow A Better Tomorrow's revenue on behalf of shareholders through internal and organic growth and by acquisition. "We continue to be a small company," he said. "But we are well positioned to experience continued, sustainable growth."
Murrieta, Calif.-based A Better Tomorrow Treatment Center Inc. is accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF), placing it in the top 5 percent of drug and alcohol treatment centers in California.
WELWIND ENERGY INTERNATIONAL CORPORATION (OTCBB: WWEI)
"Up 15.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/WWEI.php
Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations. Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.
WWEI News:
September 8 -
Welwind Announces Joint Venture Partnership Signed For Operational Wind Farm
Welwind Energy International Corp. (OTCBB: WWEI) (the “Company”) announced that it has successfully signed a second joint venture partnership for a 50% interest in the Ningxia Tianjing Helanshan wind farm project. This joint venture is for an interest in a 30.9MW wind farm which completed construction in February 2008. Ningxia Tianjing Shenzhou Windfarm Ltd was established on May 16, 2002. It is a joint venture of Ningxia Electric Power Group with Huarui Electric Ltd. which is affiliated with Beijing Hanneng Group. Phase I of the project consists of 12 wind turbines with a unit capacity of 850kW each; phase II has 12 wind turbines with a unit capacity of 850kW each; and the final completed phase III of the project consists of 7 wind turbines with a unit capacity of 1500kW each. Total installed capacity is 30.9MW.
The 24 wind turbines' successful bid grid price is 0.078 dollar per Kw hour with the remaining 7 wind turbines' successful bid grid price is 0.082 dollar per Kw hour. Current operating profits for this project is approximately $735,000 USD annually. Welwind anticipates that after refinancing under lower interest rates with Welwind's financing relationships, more favorable terms will generate profits in excess of $1M USD for 2008.
* operating profit in 2004 was 83,000 USD dollars;
* operating profit in 2005 was 184,000 USD dollars;
* operating profit in 2006 was 515,000 USD dollars;
* operating profit in 2007 was 618,000 USD dollars;
* operating profit in 2008 is expected be over 1,000,000 USD dollars.
Profit margins will increase annually.
“We are very excited with the signing of our second joint venture relationship for an established wind farm project in China. Our interest in Ningxia Tianjing Shenzhou Wind farm is an exceptional opportunity for Welwind and its shareholders. The joint venture will put Welwind in a positive cash flow position immediately.” says Tammy McNabb, President of Welwind.
ABOUT NINGXIA ELECTRIC POWER GROUP
Ningxia Electric Power Group was established in June of 2003. The company is a large-scale group holding by Ningxia Hui Autonomous Region Government. The company's primary focus is the development and construction of thermal power generation, wind power, wind turbines, and an involvement in the coal chemical industry. By the end of 2006, Ningxia Electric Power Group assets totaled 6.2 billion Yuan ($906 Million USD), sales revenues were above 2 billion Yuan ($300 Million USD). The company has approximately 4500 employees.
FRANKLIN MINING INCORPORATED (OTC: FMNJ)
"Up 14.29% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/FMNJ.php
Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Visit www.FranklinMining.com for more information.
FMNJ News:
September 8 -
Escala Mine Exploration Continues to Reveal Potential Significant Increases in Extractable Mineralization
Franklin Mining, Inc. (OTC: FMNJ) (Frankfurt: FMJ.F) Chairman and CEO William Petty confirms that Howard Dunn, PE, Vice President of Operations for International Mining, and Milton Flores, Staff Geologist, Franklin Mining, Bolivia, continue expanding their primary exploration at the Escala Mine. Mr. Dunn and Mr. Flores recently completed a week of field mapping and sampling with surface chip samples to verify earlier sampling and extend the sampling area both south and west-northwest of the current area of mining activity at the Escala.
"Samples collected during this last trip were submitted for analysis by Canada's SGS Lakefield Research Limited and preliminary reports indicate the Escala's mineralization has the potential to significantly increase the total extractable mineralization within our concession," added Mr. Petty. "Very high anomalous metal values of silver (47-100 g/t), lead (2-2.8%), gold (0.2-0.57 g/t), and copper where returned from three samples indicating mineralization 250-500 meters south-southeast of the Pattis adit and 500-1000 meters north-northwest from the Pattis Adit." |