For Wednesday, February
13th
ELHI,
WTRO, FNAT, SPAB, SGGC, SGCP
Our Stocks to Watch tomorrow include
Edgeline Holdings, Inc. (OTCBB: ELHI), Wi-Tron, Inc. (OTCBB: WTRO),
First National Entertainment Corp. (OTC: FNAT), SPACEHAB, Incorporated
(NASD: SPAB), Sigma Global Corporation (OTC: SGGC) and Sierra Gold
Corporation, (OTC: SGCP).

EDGELINE
HOLDINGS (OTCBB: ELHI)
"Up 236.36% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/ELHI.php
Edgeline Holdings, Inc. engages in discovering
and acquiring technologies, acting as their incubator, and nurturing those
technologies. It focuses on voice over Internet protocol (IP) and IP telephony,
biometrics, information security, wireless/WiFi, and radio frequency identification
sectors. The company was founded in 2007 and is headquartered in Houston,
Texas.
ELHI News:
February 11 -
Edgeline Holdings Announces a Strategic Business Change to Focus Exclusively
on Biotechnology and is Changing Its Name to Oncolin Therapeutics, Inc.
Edgeline Holdings, Inc. (OTCBB: ELHI) announced that
it has made a strategic business change to focus exclusively on its biotech
business and is changing its name to Oncolin Therapeutics, Inc. This decision
comes after its recent acquisition of Intertech Bio which has propelled
the company into the multi-billion dollar biotechnology industry through
the addition of significant partnerships and the hiring of key personnel.
The Company will immediately suspend its other business that is not associated
with biotechnology.
The Company has recently announced it has obtained an
exclusive option agreement with The University of Texas M.D. Anderson
Cancer Center which provides the Company the right to negotiate a license
for five technologies relating to the treatment of various cancers over
a nine month period.
The lead programs address a wide range of tumor types
including the major solid tumors such as breast, lung, colon and prostate
and other important tumors such as pancreatic and brain tumors. Any success
in the major tumor types would provide a blockbuster drug with yearly
sales in the billion dollars per year range and approval of even a smaller
population, such as pancreatic and brain cancer therapies, have the potential
of sales of hundreds of millions yearly.
In addition, the Company has recently announced a Joint
Development Agreement with Houston Pharmaceuticals to assist the Company
in obtaining a license for certain patents, several of which are from
the University of Mississippi and the University of Louisiana. Houston
Pharmaceutical will continue collaborations with both universities and
assist the in securing grants on behalf of the company.
The Company has also recently added to its management
including the announcement of Dr Donald Picker joining the Company. Dr.
Picker has extensive hands on experience in bringing drugs from concept
to the market through all phases of research, preclinical and clinical
development in a small company environment. Most recently Dr Picker was
President of Tapestry Pharmaceuticals where he built the clinical development
group and brought its lead cancer drug into several Phase II clinical
trials. Previously he was the Ex VP of R&D at Callisto Pharmaceuticals
where he was responsible for in licensing their two lead cancer programs
and oncology preclinical programs and bringing these cancer drugs into
Phase I and Phase II development. Dr Picker in his career has also held
senior executive positions at other companies where he was responsible
for bringing numerous drug candidates into clinical development. He and
his group were responsible for the development of Carboplatin, one of
the world’s leading cancer drugs currently in use with sales of
over $500 million yearly. He was also responsible for Satraplatin and
Picoplatin, third generation platinum drugs which are currently in late
stage clinical development. Although most of his experience has been in
oncology drug development he has also been involved in the areas of infectious
disease, cardiovascular, dermatological and gastrointestinal pharmaceutical
discovery and development.
WI-TRON
INCORPORATED (OTCBB: WTRO)
"Up 127.27% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/WTRO.php
Wi-Tron, Inc. engages in the design, manufacture,
and sale of ultra linear single and multi channel power amplifiers, cellular
base station components, and broadband wireless products to the wireless
telecommunications market worldwide. Its products include multicarrier
linear power amplifiers, high power linear amplifiers, W-CDMA amplifier,
local loop and Wi-Max amplifiers, low noise amplifiers; cellular, PCS,
GSM, W-CDMA, and WI-MAX amplifiers; and communication amplifiers. The
company markets its products to wireless communications manufacturers
and communications system operators. Wi-Tron, formerly known as Amplidyne,
Inc., was founded in 1988 and changed its name to Wi-Tron, Inc. in 2005.
The company is based in Raritan, New Jersey.
WTRO News:
February
12 - Wi-Tron,
Inc. Enters Into a Non-Binding Letter of Intent With Cellvine Ltd. With
Respect to a Potential Merger
Wi-Tron, Inc. (OTCBB: WTRO), a manufacturer of power
amplifiers, today announced that it has signed a non-binding Letter of
Intent with Cellvine Ltd., a private Israeli corporation that develops
and markets coverage and capacity solutions for the wireless telecommunications
industry. The Letter of Intent reflects the intentions of both parties
to effect a merger whereby Cellvine will merge with a wholly owned subsidiary
of Wi-Tron. Pursuant to the merger, Wi-Tron will exchange its common stock
for all of the outstanding securities of Cellvine, such that Cellvine
security holders will own 85% of the total shares of Wi-Tron common stock,
on a fully diluted basis. The merger will be subject to negotiating a
definitive binding agreement, and obtaining all necessary corporate approvals.
FIRST
NATIONALL ENTERTAINMENT CORPORATION (OTC: FNAT)
"Up 94.74% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/FNAT.php
First National Entertainment Corp. is
a publicly traded independent oil and gas company. The company is now
under new management and is focused on maximizing shareholder value by
building a diversified portfolio of oil and gas assets in the Appalachian
Basin, Texas, and Oklahoma.
FNAT News:
February
12 - First National
Entertainment Corp. Focus on the Appalachian Basin
First National Entertainment Corp. (OTC: FNAT) announced
that it is focusing its initial efforts in oil and gas in the Appalachian
Basin, concentrating in Tennessee.
The Scott, Morgan, and Fentress Counties of upper east
Tennessee are well known for shallow oil and gas production, some with
high rates of flow. The area is known for multiple pay zones, including
the Monteagle Limestone, the Ft. Payne Limestone, the Chattanooga Shale
as well as the deeper Trenton-Black River and Knox groups.
Our initial plan is to build a lease position in Morgan,
Scott and Fentress counties for future drilling as well as acquiring well
bores in which the Chattanooga Shale is exposed. We believe the Chattanooga
Shale is destined to become a major source of natural gas for the eastern
seaboard. One recently drilled horizontal well in Morgan County had an
open flow of 3.9 MMCF per day.
First National Entertainment Corp. is a publicly traded
independent oil and gas company. The company is now under new management
and is focused on maximizing shareholder value by building a diversified
portfolio of oil and gas assets in the Appalachian Basin, Texas, and Oklahoma.
SPACEHAB
INCORPORATED (NASD: SPAB)
"Up 39.29% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/SPAB.php
SPACEHAB, Incorporated provides commercial
space products and services to NASA, international space agencies, Department
of Defense, and private customers worldwide. It develops and operates
space flight hardware assets, and provides manned and unmanned payload
processing services. The company operates in three segments: SPACEHAB
Flight Services, Astrotech Space Operations, and SPACEHAB Government Services.
The SPACEHAB Flight Services segment offers a range of engineering, research,
logistics, integration, operations, and ground support services. The Astrotech
Space Operations segment provides facilities and support for the preparation
of satellites and payloads for launch on expendable launch vehicles. The
SPACEHAB Government Services segment offers large-scale government program
technical support and specialized engineering analysis, products, and
services to NASA and other customers. SPACEHAB also provides end-to-end
space access solutions, space systems development, mission integration,
and pre-launch processing facilities and services. The company was founded
in 1984 and is headquartered in Webster, Texas.
SPAB News:
February 12 -
SPACEHAB Announces $5.5 Million Stock Purchase Agreement
SPACEHAB, Incorporated (NASD: SPAB), a provider of commercial
space services, announced the Company has entered into a Stock Purchase
Agreement with certain investors for the purchase of 55,000 shares of
the Company’s Series D convertible preferred stock for a total price
of $5.5 million. In addition, the Company issued 150,150 shares of common
stock upon entering into the Stock Purchase Agreement.
Consummation of the transaction is contingent upon NASA
awarding SPACEHAB a funded Space Act Agreement under the Commercial Orbital
Transportation Services (COTS) Program, scheduled to be awarded mid-February,
and shareholder approval of the transaction.
The Series D convertible preferred stock will be converted
into common stock six months after issuance based on a ratio determined
by dividing $100.00 by the average of (x) the average of the closing price
of the Company’s common stock for the business days January 18-25,
2008 and (y) the average of the closing price of the Company’s common
stock for the five business days prior to the Company’s receipt
of written notification from NASA indicating the Company’s receipt
of a COTS award of at least $120 million.
SIGMA
GLOBAL CORPORATION (OTC: SGGC)
"Up 50.00% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/SGGC.php
Sigma Global is an emerging oil and gas
company whose core business is to evaluate profitable oil and gas lease
options, build a solid foundation of assets through acquisition of land
and leases, and explore and develop opportunities on these prolific properties.
SGGC News:
February
12 - Sigma Global
Corp. Completes Well 1A and Begins Production
Sigma Global Corporation (OTC: SGGC), an emerging oil
and gas Company, has announced that it has completed all work on Well
1A. The new well had solid flow and is the first new producing well to
come online for the Company. The Company is also looking to complete Well
2A which was previously drilled. This second well is expected to be producing
within the next two weeks. Once both wells are online the Company will
make preparations to drill two new additional wells on the property.
Brian Conrad, Sigma Global's CEO, stated, "This
is a very exciting moment as we have just brought our first new well online.
We took advantage of the break in weather to get Well 1A up as soon as
we could. We are hoping to get the second well online by next week and
shortly after we should have some data to project production rates. I
expect these two wells to strengthen our bottom line significantly."
The Company further announced that its attorneys
are continuing the process of restructuring which includes reducing the
authorized shares, changing the name of the Company to Pradera Energy
Corp and obtaining a new CUSIP number.
SIERRA
GOLD CORPORATION (OTC: SGCP)
"Up 42.86% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/SGCP.php
Sierra Gold is engaged in the exploration
and development of gold and diamond properties in West Africa. The greenstone
belt of West Africa has had a long history of gold mining and prospecting.
The region has been one of the fastest growing gold producing areas worldwide.
Sierra Leone's neighbors, Ghana and Mali, are the second and third largest
gold producers in all of Africa.
SGCP News:
February
12 - Sierra Gold
Announces Initial Extraction and Sale of Gold From Sierra Leone Property
Sierra Gold Corporation, (OTC: SGCP) announced that
after four and a half years of research and exploration, the Company has
extracted and sold the first-ever kilogram of alluvial gold from its holdings
in the West African nation of Sierra Leone. Proceeds from the sale of
the initial gold production are being used for continuing operations and
will facilitate the purchase of customized equipment that will allow SGCP
to advance its alluvial operation and commence the 'hard rock' phase of
gold production.
Sierra Gold CEO Doug Evans commented on the progress
of the company: "The extraction and sale of our first gold production
validate our years of research and exploration. Needless to say, we are
extremely excited that the company has entered the production phase."
Mr. Evans added, "Our alluvial production, coupled with our soon-to-be
initiated hard rock production, should provide significant returns on
invested capital throughout the second half of 2008 and beyond. We look
forward to sharing our successes with shareholders along the way." |