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For Tuesday, March 18th

AKES, IAHL, BWNR, WTER, PAVC, RGRP

Our Stocks to Watch tomorrow include Akesis Pharmaceuticals, Inc. (OTCBB: AKES), IAHL Corporation (OTC: IAHL), Brownstone Resources Inc. (OTC: BWNR), Water Chef, Inc. (OTCBB: WTER), Paivis Corp. (OTC: PAVC) and ROO Group (OTCBB: RGRP) .

AKESIS PHARMACEUTICAL (OTCBB: AKES)
"Up 56.25% on Monday"

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

Akesis Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of complementary and alternative therapies for the treatment of carbohydrate intolerance in the United States. Its products are used primarily in the treatment of three forms of carbohydrate intolerance, including Type II diabetes, Syndrome X, and impaired glucose tolerance and their associated complications. The company provides HEALTHPROPAK, a patented combination of micronutrients, which address health needs, health-maintenance issues, and aspects of general health and well-being. Akesis Pharmaceuticals product candidates in development comprise AKP-111, AKP-201, AKP-310, and AKP-411. The company was founded in 1990 and is based in La Jolla, California.

AKES News:

March 17 - Akesis Pharmaceuticals Provides Preliminary Data from Phase IIa Trial of AKP-020 for Type 2 Diabetes

Akesis Pharmaceuticals, Inc. (OTCBB: AKES), an emerging diabetes drug-development company, disclosed preliminary data on patients in its placebo-controlled Phase IIa trial designed to test the safety and efficacy of AKP-020, a novel vanadium compound, in patients with Type 2 diabetes.
To date, Akesis has dosed an initial four Type 2 diabetic patients, two of whom were dosed with AKP-020 and two of whom were dosed with a placebo.

Fasting plasma glucose (mg/dL):

Treatment Day -1 Day 2 Day 7
Subject 1 AKP-020 157 139 128
Subject 2 Placebo 143 148 151
Subject 3 AKP-020 276 212 130
Subject 4 Placebo 157 142 165
Oral glucose tolerance test (OGTT) plasma glucose (mg/dL) 2 hours after challenge

Treatment Day -1 Day 2 Day 7
Subject 1 AKP-020 263 264 217
Subject 2 Placebo 317 269 307
Subject 3 AKP-020 483 378 265
Subject 4 Placebo 291 255 291

Day 1 data was collected the day before patients were dosed. Day 2 data was collected 24 hours after a single 20 mg oral dose of AKP-020 or placebo, and Day 7 data was collected after 7 daily administrations of 20 mg oral dose of AKP-020 or placebo.

The American Diabetes Association has defined that either of the following criteria is sufficient to establish the diagnosis of diabetes mellitus: 1) a fasting plasma glucose ≥126 mg/dL; 2) a 2-hour post-load glucose level of ≥ 200 mg/dL during a 75-g OGTT. Diabetes Care Vol. 30 Suppl 1, Jan 2007, S42-S47.

“We are encouraged by these promising preliminary results, but we also recognize the early stage of our Phase IIa trial and continue to recruit patients and analyze the data,” said Jay Lichter, president and chief executive officer of Akesis.

dgd Research of San Antonio, TX, now a member of Cetero Research, is conducting the Phase IIa trial for AKP-020. The trial will enroll a total of 21 diabetic patients at a single site measuring efficacy (using the gold-standard euglycemic-hyperinsulinemic clamping procedure), as well as pharmacokinetic parameters, safety and tolerability of AKP-020 in diabetic patients.

AKP-020 is the product designation for a novel vanadium compound otherwise known as bis(ethylmaltolato)oxovanadium (IV), or BEOV. The compound was invented and developed by University of British Columbia researchers Chris Orvig, professor of chemistry and pharmaceutical sciences, and John McNeill, Ph.D., professor and dean emeritus, pharmaceutical sciences, and is licensed exclusively to Akesis Pharmaceuticals. Professors Orvig and McNeill, who are experts in the study of metal chemistry and pharmaceutical sciences, helped to advance the BEOV program through Phase I clinical trials. They also are members of the Akesis Scientific Advisory Board.


IAHL CORPORATION (OTC: IAHL)
"Up 40.00% on Monday"

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

IAHL Corporation holds major proprietary and technological patents for certain aircraft that, once implemented, will astound the aircraft industry; the target market of the company is the under-served rural areas of the world. The company's current share structure is as follows:

Authorized Shares — 70,000,000
Preferred Shares — 20,000,000
Common Shares — 50,000,000

The company does not intend to change the capital structure of the company in any fashion, except the possible reduction of authorized common shares to better reflect and bolster the true value of the company, its assets and business operations.

IAHL News:

March 17 - IAHL Corporation Announces Share Buy-Back Program

IAHL Corporation (OTC: IAHL) announced that its Board of Directors has approved a share buyback program of up to 8,000,000 shares. The shares will be purchased from the open market and in private transactions if the Company deems the price appropriate.

Peter Van Dyke, Chairman, said, "I believe that at current market price, the buyback of some of our stock will provide our shareholders with a better return on their investment based upon pending acquisitions. The pending acquisitions are extremely lucrative and will prove out my foresight."

Mr. Van Dyke also stated, "That the company will aggressively pursue all obtainable shares as it is certain that once certain acquisitions are completed, shares of his companies' stock will substantially increase in value."


BROWNSTONE RESOURCES INCORPORATED (OTC: BWNR)
"Up 35.71% on Monday"

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

Brownstone Resources Inc., is a junior mineral resource exploration company involved in the exploration and development of potentially mineral rich properties in both North and South America. The efforts of the Company are focused on the development of our existing mining claims, added shareholder value through acquisitions, and continuous and ongoing exploration for new resources in select prominent mining regions. Brownstones management team, made up of geologists, mining executives and industry professionals, are working to put together an attractive group of holdings, with a focus on gold and uranium. We have developed an aggressive exploration program for our Iron Bridge Uranium project, located in the Nouvel Township, Northern Ontario, Canada. The company’s long term goals are to create maximum shareholder value by continuing to build a strong base of properties. The company has not yet determined whether its properties contain ore reserves that are economically recoverable.

BWNR News:

March 17 - Brownstone Resources Inc. Makes Announcement

Brownstone Resources Inc. (OTC: BWNR), a junior mineral resource exploration company, is proceeding with exploration on their fully optioned prospective uranium claims, located just outside of Elliot Lake, Ontario.

The first phase of exploration will consist of an airborne survey to better define previously identified areas of interest for development. The airborne survey will enable the company to better understand the area of interest, and help to further define the known anomalies, as well as satisfy the exploration commitments as per the agreement.

Regarding the Arizona gold mining claims, the company has now completed the due diligence on the property, more specifically on the ownership, previous exploration and government approvals and permits required to move to the next stage of exploration.

Having fully satisfied their contractual requirements regarding the due diligence, Brownstone now plans to secure and mobilize a diamond drilling rig onto the property to test the targeted area within the mineralized zone, as per their agreement.


WATER CHEF INCORPORATED (OTCBB: WTER)
"Up 29.41% on Monday"

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

Water Chef, Inc. engages in the design, marketing, and sale of water dispensers and purification equipment in the United States and internationally. It offers a line of PureSafe water purification systems. The company's product, PureSafe Water Station is a turn-key unit that converts gray or bathing grade water into EPA grade drinking water by eliminating various living pathogens, including bacteria, cysts, viruses, and parasites that pollute non-processed water. Water Chef is headquartered in Melville, New York.

WTER News:

March 17 - Malcolm Hoenlein to Join the Board of Directors of Water Chef, Inc.

Leslie J. Kessler, President and Chief Executive Officer, Water Chef, Inc. (OTCBB: WTER) announced the appointment of Malcolm Hoenlein to the Board of Directors of the Company.

Mr. Hoenlein is the Executive Vice Chairman/CEO of the Conference of Presidents of Major American Jewish Organizations, the coordinating body on national and international Jewish concerns for 52 national Jewish organizations. He was on the editorial board of ORBIS, the Journal of International affairs and a Middle East specialist at the Foreign Policy Research Institute. Mr. Hoenlein serves as an advisor to many public officials and is frequently consulted on public policy issues. He appears regularly in the media and has traveled throughout the world meeting governmental, business and world leaders. He is a recipient of many awards and tributes and serves on the boards of various companies including Bank Leumi USA, Keryz Pharmaceuticals, ODF, and Manhattan Pharmaceuticals.

Mr. Hoenlein holds a B.A. in Political Science from Temple University and a Masters degree from the University of Pennsylvania’s Department of International Relations, where he completed his doctoral course work.

As Ms. Kessler has stated, “This appointment adds a valuable resource to the Company’s leadership and will open new avenues to business opportunities for Water Chef, both- domestically and internationally.”


PAIVIS CORPORATION (OTC: PAVC)
"Up 32.00% on Monday"

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

Paivis Corp., a facility-based wholesale telecommunications carrier, delivers application/value-added services in the prepaid services market. It sells telecommunications products and services, such as prepaid calling cards, prepaid wireless service, and international wholesale terminations. The company also owns and operates a carrier-class prepaid calling platform, including 2 NACT phone card switches integrated with the voice over Internet protocol system dedicated to domestic and international termination and origination of calls. As of September 30, 2006, the company's products are sold through approximately 3,000 retail outlets in the United States. Paivis Corp. is headquartered in Atlanta, Georgia.

PAVC News:

March 17 - Trustcash Holdings, Inc. Releases the Third Segment of Its Chairman's Letter to Its Shareholders and Shareholders of Paivis, Corp.

"Merger and Integration to Produce a Solid Foundation for Generating Earnings"

Trustcash Holdings, Inc. (OTCBB: TCHH) ("TRUSTCASH") released the third segment of a letter from its Chairman, Dennis Shafer, to its shareholders and the shareholders of Paivis Corp. ("PAIVIS") (OTC: PAVC):

Dear Trustcash and Paivis Shareholders:

Recently Trustcash and Paivis announced a plan to commence working together for future integration purposes, etc. This forward thinking of both management teams shows a commitment to not only closing the merger but prepping for the building of a solid foundation to support growth towards the ultimate goal of generating earnings for our soon to be combined shareholder base.

The following provides more detail and insight into the opportunity before us in combining with Paivis and their pending acquisitions.

Operational Efficiencies:

The integration of four companies with a common market, similar transaction processing technology, and common administrative functions immediately creates an opportunity for cost reduction and improved cash flow through operational consolidation.

We believe a combined revenue base of $73 million can be generated with less than half the current operational expenses, potentially resulting in an immediate gain of 50% in net operating income.

Scale economies can also support enhanced customer service and competitive pricing...both key success factors in the debit card and phone card industries.

Technology Enhancements:

Combining the information systems technologies of four companies, all involved in high volume consumer payment transactions, provides an opportunity to develop a leading edge technology platform. This technology platform can be used to provide superior customer service, support new mobile and prepaid card applications, and provide an infrastructure for 'bolt-on' acquisitions of similar businesses in a fragmented market.

Expand Distribution:

All the products of the merged company can be sold through similar retail outlets. Consolidating sales and distribution efforts across potentially tens of thousands of retailers results in a national network of stored value cards available to a cash-based market. In addition, the power of the Trustcash web site (www.trustcash.com) can be used to generate additional traffic to these retail outlets.

Each merger partner can also distribute its products through all partners in the merger: Trustcash cards can be purchased through mobile cards owned by any Paivis phone card holder, and phone cards can be purchased using Trustcash virtual cash cards obtained through any Trustcash web site partner or retail location.

Build Brands:

The Trustcash brand is synonymous with security and privacy...both important benefits to a cash-based market, and a key competitive benefit in the phone card industry which has a history of consumer abuse. This brand can be used in conjunction with Paivis brands to create a greater market presence as well as cross-marketing each brand and its products to the other offerings. Joint POS marketing, media advertising, internet advertising, and word-of-mouth in a common market of immigrants and credit-restricted consumers will reinforce the impact of the merged company.

Expand Markets:

As a combined market and user base grows, the merged company will be in a position to rapidly expand its franchise to young adults and other cash-based consumer markets. In addition, a combined user base of over 100,000 consumers will further attract additional retailers, both physical and web based. The Trustcash web site will become a portal and a central location for a cash-based market to look for goods and services, while phone cards can be used to co-market all products and also to pay for Trustcash cards. This will ultimately provide an opportunity for the Trustcash card to expand to a multipurpose debit card for in-store purchases, and a general purpose gift card.

Acquisitions:

The stored value card market is very fragmented with some 2,000 different programs and providers. As Trustcash and its associated brands become the leader in the cash-based market, additional acquisitions will be targeted to expand the franchise into payroll cards, government payments, bill payments, money transfers, and other payment transactions.

Summary Facts:

* $100 billion plus e-Commerce market
* $171 billion closed-loop stored value card market
* $6 billion phone card market (according to an Atlantic-ACM report)
* Common cash-based market of 100 million consumers
* $73 million combined revenue
* 100,000 users
* Potential of over 70,000 retail outlets
* Common transaction processing and administrative functions
* Consolidated powerhouse in a fragmented market
* Integrating four of the leading growth industries: stored value
   cards, wireless services, Internet and e-Commerce, and cash-
   based payment transactions

In summary, we believe we are clearly headed towards a closing of a transaction that has the potential to be a major value provider for our shareholders.

Sincerely,

Dennis Shafer
Chairman
Trustcash Holdings, Inc.

ABOUT TRUSTCASH

Through its Trustcash brand and website www.trustcash.com, the Company is a pioneer of anonymous payment systems for the internet. It developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash provides to its customers the "Trustcash(TM)" payment card, which is sold in denominations ranging from $10 to $200 online through any of over 500 websites. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser.


ROO GROUP INCORPORATED (OTCBB: RGRP)
"Up 20.25% on Monday"

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

ROO Group, Inc., through its subsidiaries, operates as a digital media company in the United States. The company provides products and solutions that enable the broadcast of topical video content from its customers' Internet Web sites. It provides technology and content required for video to be played on computers through the Internet, as well as broadcasting platforms, such as set top boxes and wireless devices. ROO Group's activities include the aggregation of video content, media management, traditional and online advertising, hosting, and content delivery. It operates a global network of individual destination portals under the brand ROO TV that enables end users to view video content over the Internet. The company, together its subsidiaries, also services Web sites based in Europe, Australia, the United States, and Asia. In addition, it provides integrated communication solutions, including direct marketing, Internet advertising, and sales promotion. The company sells its products and services through direct sales force and resellers to media and newspaper chains, Internet service providers, and vertical Web sites. ROO Group was founded in 1998 and is based in New York, New York with additional offices in Los Angeles, California; South Melbourne, Australia; and London, the United Kingdom.

RGRP News:

March 17 - ROO to Consolidate Digital Media Services Subsidiaries, Simplify Capital Structure, Appoint New President

  • Company to exercise option to consummate ownership of Sputnik Agency subsidiary
  • Sputnik Managing Director Gavin Campion appointed President of ROO
  • Management to hold conference call on Wednesday, March 19th at 9 a.m. ET

ROO Group (OTCBB: RGRP) announced that it intends to streamline its ownership and management structure through several initiatives:

* The appointment of Gavin Campion, the managing director of Sputnik
Agency Pty. Ltd., as president of the overall company;
* The exercise of its right to complete the purchase of 51% of its
Sputnik subsidiary;
* The execution of an agreement in principle to acquire the remaining
49% of Sputnik and the subsequent consolidation of Sputnik and
subsidiary ROO Media Corporation;
* Elimination of the 10 million preferred class of super-voting shares
through a preferred-to-common conversion or other plan to be proposed
and voted on by a majority of the common shareholders;
* The consolidation of all international subsidiaries into a wholly-owned
Dubai subsidiary; and
* The relocation of its corporate headquarters/executive management from
New York and Australia to Dubai.

These initiatives are consistent with ROO's previously stated goals of simplifying the Company's ownership structure and reducing management layers. The integration of Sputnik with ROO's online video player business will allow the Company to better provide corporate customers with a suite of online video enablement and marketing solutions, and the consolidation of executive management in Dubai underscores ROO's international revenue mix * with more than 85% of current revenues coming from outside North America.

Kaleil Isaza Tuzman, chief executive officer of ROO Group and managing partner of KIT Capital, commented, "From the first day that new management of ROO came on board two months ago, we have committed to shareholders that we would (a) control and reduce costs, (b) put the company on a near-term path to profitability, and (c) simplify the capital structure in a fair and transparent way. Given what appears to be some market misperception surrounding our current restructuring initiatives, we felt this would be a good time to re-iterate certain elements of our plan, and announce our intent to consolidate our profitable Sputnik subsidiary."

Isaza Tuzman continued, "Pursuant to the common shareholders approving a plan for elimination of the preferred class of shares, KIT Capital plans to execute on its investment of $5.0 million in primary common shares at $0.16-in accordance with its management contract with the company filed on December 18, 2007. With approximately $7.1 million of cash as of March 10, 2008-prior to the KIT Capital investment-and steadily reducing burn levels, we feel the company is in a strong financial position to execute its growth strategy."

A conversion ratio of 3.2 common shares for each preferred share is currently being presented to common shareholders, but the Company remains open to other proposals that may be independently developed on a timely basis by the common shareholders.

In accordance with its management contract with the Company of December 18, 2007, KIT Capital has the right to acquire 51% (5.1 million) of the preferred shares at $0.38/share, which would equal approximately 16.3 million of common shares at an average costs basis of $0.12/share, assuming the 1-to- 3.2 preferred-to-common conversion ratio is applied.

The Company currently has 38.9 million common shares outstanding, which would increase to approximately 70.9 million provided the 1-to-3.2 preferred- to-common conversion ratio is affected. The additional dilutive effect of the aforementioned KIT Capital investment of $5.0 million at $0.16/share would be 31.3 million shares, resulting in a pro forma, simplified capital structure of 102.2 million common shares. At that point, based on cash levels of March 10, 2008, the company would have approximately $12.1 million of pro forma cash on hand, and a pro forma market capitalization of $9.2 million (based on the closing price of the Company's common shares as of Friday, March 14, 2008 of $0.09).

To the extent the Company were to engage in further equity financing, it is anticipated that such financing would be in the context of funding strategic acquisitions.

As part of the Company's effort to streamline management, Gavin Campion, current managing director of Sputnik, has been appointed president of ROO, effective immediately. In conjunction with Mr. Campion's appointment, the Company is also announcing the relocation of its corporate headquarters and senior executive team to Dubai, UAE.

Mr. Campion, 35, has served as managing director of Sputnik since 2006. Under his leadership, Sputnik won B&T Interactive Agency of the Year in 2007. In 1999, he co-founded current ROO subsidiary Reality Group in Melbourne, Australia. Since that time, Reality Group has attracted blue-chip advertising clients such as Holden (General Motors), BP, TABCORP, Saab Australia, Tontine and Dennis Family Corp. Mr. Campion has also served as CEO of Shoppers Advantage, a leading Australian e-commerce company, and as a director of Presidential Card, Australia's largest discount loyalty program.

Campion will have full responsibility for ROO Group's sales, operations and administration, reporting directly to Isaza Tuzman. He will also take the lead role in fully integrating the operations of Sputnik into ROO Group.

"The best thing about our current roster of moves is the appointment of Gavin to the presidency role," said Mr. Isaza Tuzman. "His operational discipline and business development instincts are second-to-none and his interactive marketing experience will be of great value in differentiating ROO from our competitors - as we focus on an integrated video enablement and marketing approach for enterprise clients. Gavin built a profitable business for us in the Asia-Pacific region, and we hope to see that quickly replicated across the global platform."

Campion commented, "Sputnik has acquired its market leading position by consistently offering corporate clients the most innovative solutions for monetizing their online assets. The key is to sell into our clients at the 'revenue line' with creative solutions for monetizing video, and not get stuck at the 'cost line' as strictly a software vendor. I believe that combining Sputnik's brand and creative services expertise with ROO's software and online video technology offers tremendous growth opportunities for the combined entity."

 
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