OTCPicks.com

For Tuesday, March 25th

FFGO, ROIA, SKNY, DIGA, NOVO, RGRP

Our Stocks to Watch tomorrow include Fortress Financial Group, Inc. (OTC: FFGO), Radio One, Inc. (NASD: ROIA), Skinny Nutritional Corp. (OTCBB: SKNY), Digital Angel (NASD: DIGA), Novori Inc. (OTCBB: NOVO) and ROO Group Inc. (OTCBB: RGRP).

FORTRESS FINANCIAL GROUP (OTC: FFGO)
"Up 100.00% on Monday"

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

Fortress Financial Group, Inc. is primarily engaged in the issuing and marketing of prepaid debit and credit card and related payment solution activities. It has just announced the acquisition of Moneyworx, Inc., a reseller of MasterCard prepaid USA Domestic and International Prepaid Debit Cards. Fortress Financial Group, Inc. will be launching its own label "Fortress" International Debit Card in the second quarter of 2008. The Company operates through Fortress Card Solutions, Inc. and Moneyworx, Inc. The Company will be shortly be establishing an office in Nassau, Bahamas; primarily to service our High Net Worth "offshore" cardholder base. The Company is utilizing is substantial Balance Sheet to aggressively fund a large number of acquisitions in the consumer financial services sector. Fortress Financial Group, Inc. (formerly Great West Gold, Inc.), was a gold mining exploration stage company, engaged in the acquisition and exploration of mining properties in the United States. The Company retained these Gold Mining Exploration interests as portfolio assets. The Company holds circa 48% of the outstanding stock in Hunt Gold Corporation as an investment. The Company retains it interest in the "South Copperstone," and "Bouse" Gold Mining Exploration properties, at this time. These two remaining interests will be exchanged for shares of Common Stock in a USA Gold Mining & Exploration Company, in the immediate term.

FFGO News:

March 24 - Fortress Financial Group, Inc. Updates Its Stockholders on the Distribution of the Hunt Gold Corporation Stock Certificates

Fortress Financial Group, Inc. (OTC: FFGO) confirms that the Transfer Agent to Hunt Gold Corporation has posted all stock certificates in that Company to all eligible stockholders. A large number of stockholders have acknowledged receipt of their stock certificates.

We have been contacted by certain stockholders who have not as yet received their stock dividends in Hunt Gold Corporation. Should you be entitled to these shares in Hunt Gold Corporation, we would ask that you contact the Transfer Agent directly to ensure that you receive your shares of Hunt Gold Corporation stock without delay.

The contact details for the Transfer Agent to Hunt Gold Corporation are as follows:

First American Stock Transfer, Inc.
706 E Bell Rd
Suite 202
Phoenix, AZ 85022

(602) 485-1346 Phone
(602) 485-4091 Fax
www.FirstAmericanStock.com


RADIO ONE INCORPORATED (NASD: ROIA)
"Up 60.91% on Monday"

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

Radio One, Inc. (www.radio-one.com) is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners. Pro forma for recently announced transactions, Radio One owns and/or operates 53 radio stations located in 16 urban markets in the United States. Additionally, Radio One owns Magazine One, Inc. (d/b/a Giant Magazine) (www.giantmag.com), interests in TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans and Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner.

ROIA News:

March 24 - Radio One, Inc. Announces the Sale of KRBV in Los Angeles, California and Board Approval of Stock Repurchases

Radio One, Inc. (NASD: ROIA) announced that it has entered into an Asset Purchase Agreement to sell KRBV – FM, its radio station in Los Angeles, California, to Bonneville International, the Salt Lake City based broadcast and communications company. The transaction price is approximately $137.5 million. The transaction is expected to close during the second quarter of 2008.

Alfred C. Liggins, III, Radio One’s CEO and President stated, “This is an attractive transaction for Radio One, as it frees-up capital and management resources which can be re-deployed to execute our long-term strategy. We expect to use the proceeds from this transaction to reduce our leverage, accelerate our internet strategy and re-commence a limited buy-back of our securities.” Rothschild Inc. acted as financial advisor to Radio One in connection with the transaction.

The Company also announced today that its Board of Directors has authorized a stock repurchase program for up to $150 million of Radio One's Class A and Class D common stock through December 31, 2009. The amount and timing of repurchases will be based on pricing, general economic and market conditions, certain restrictions contained in agreements governing Radio One's bank credit facilities and subordinated debt and certain other factors. The repurchase program does not obligate Radio One to repurchase any of its common stock and may be discontinued or suspended at any time.


SKINNY NUTRITIONAL (OTCBB: SKNY)
"Up 34.02% on Monday"

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

Skinny Nutritional Corp. develops, markets, and distributes consumer beverage products. It offers a line of bottled waters and dietary supplements under the "Skinny" brand. The company manufactures, markets, and distributes Skinny Water, a dietary supplement beverage designed to assist consumers in their weight loss efforts under a worldwide license agreement with Peace Mountain Natural Beverages Corporation. Its other Skinny beverages include Skinny Water, Skinny Java, Skinny Tea, Skinny Juice, and Skinny Shakes. Skinny Nutritional Corp. has an agreement with InterHealth Nutraceuticals Incorporated to sell, market, distribute, and package Super CitriMax, the active ingredient in Skinny Water. The company was founded in 1984. It was formerly known as Parvin Energy, Inc. and changed its name to Sahara Gold Corporation. Further, it changed its name to Inland Pacific resources, Inc. in 1994; to Creative Enterprises International, Inc. in 2001; and to Skinny Nutritional Corp. in 2006. The company is based in Bala Cynwyd, Pennsylvania.

SKNY News:

March 24 - Pat Croce Agrees to Serve on Skinny Nutritional Corporation’s Advisory Board

On March 18, 2008, Skinny Nutritional Corp. (OTCBB: SKNY) entered into a one year letter agreement with Mr. Pasquale W. Croce, Jr. with regard to his agreement to serve on the Company's newly formed advisory board and provide endorsements of the Company's products.

Pursuant to this agreement, the Company agreed to issue Croce an aggregate of 2,000,000 shares of its common stock in consideration of his agreement to serve on the Company's Advisory Board and for providing the marketing services for the Company's products. In addition to serving on the Advisory Board, Croce agreed to endorse and advertise the Company's products through a newly formed company. In additional consideration for his agreement to provide the endorsement and marketing services, the Company agreed to pay a royalty with respect to the sale of its products that he endorses for the duration of his endorsement services.

The shares of common stock to be issued by the Company pursuant to this letter agreement are exempt from registration under the Securities Act of 1933, as amended, under Section 4(2) thereof inasmuch as the securities were issued without any form of general solicitation or general advertising and the acquirer is believed by the Company to be an accredited investor or otherwise provided with access to material information concerning the Company.


DIGITAL ANGEL (NASD: DIGA)
"Up 33.82% in after hours trading"

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

Digital Angel (www.DigitalAngel.com) is an advanced technology company in the field of identification solutions for food safety and tracking of high-value assets. Digital Angel's products are utilized around the world in such applications as pet identification using its patented, FDA-approved implantable microchip; livestock identification and tracking using visual and radio frequency identification (RFID) ear tags; and global positioning systems (GPS) search and rescue beacons for use on aircraft, ships and boats, and by adventure enthusiasts. Digital Angel is the controlling stockholder of VeriChip Corporation (NASD: CHIP).

DIGA News:

March 24 - Digital Angel Hires Parke Hess as New Chief Operating Officer

Digital Angel (NASD: DIGA) (the "Company"), an advanced technology company in the field of identification solutions for food safety and tracking of high-value assets, announced it has hired Parke Hess as its new Chief Operating Officer. Hess has significant experience with radio frequency identification (RFID) technology companies including HID Corporation, where he directed all domestic and international finance and administrative functions including its successful sale to Assa Abloy. Hess was also CFO and a key member of a management buyout of four other companies, Palomar Technological Companies, and held senior level positions at Hughes Electronics when it was part of General Motors. He was awarded an MBA from the Stanford University, Graduate School of Business, and is a graduate of the United States Air Force Academy. He officially joins the Company on March 24, 2008.

Joseph J. Grillo, President and Chief Executive Officer of Digital Angel, stated, "I have worked with Parke for many years and I am extremely pleased that he will join our executive management team. His proven track record will be a huge benefit to our Company and our stockholders. Parke has invaluable experience negotiating strategic deals involving transactions with corporations and investment banks, private and public owners, and handling complex labor relations. He will be key in helping to finance our growing business going forward and managing our staff and operations around the world.”

Hess said, "I am ready to make a positive difference at Digital Angel, where I believe we can realize significant operating synergies to improve our performance and secure our global leadership positions in the industries we serve. Both the RFID and GPS markets are poised for substantial international growth and I will help to ensure we make the most of our opportunities. As an indication of my confidence I will be receiving 100% of my 2008 salary in Company stock. I look forward to working with Joe again and the rest of the management team at Digital Angel."


NOVORI INCORPORATED (OTCBB: NOVO)
"Up 36.83% on Monday"

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

Founded in 2004, Novori is a leading online interactive retailer of diamond engagement rings and fine jewelry. Launched in 2005, the well-respected brand provides consumers with superior customer service and a better way to buy diamond jewelry. Novori prides itself on the highest quality standards in the industry and offers consumers unique online tools that allow them to explore, build and purchase their own custom-made diamond rings in a way not previously offered by traditional retailers. Novori.com offers thousands of independently certified diamonds, settings and fine jewelry at prices significantly below traditional retail.

NOVO News:

March 24 - Novori Inc. (NOVO) Named Exclusive Online Distributor for Tulip™ Collection

Novori Inc. (OTCBB: NOVO), a leading online interactive retailer of fine diamond engagement rings and jewelry, is proud to introduce the newest addition to their line of unique jewelry pieces, the Tulip(TM) Collection.

"Having online exclusivity of quality brands is very important to us," commented Mark Neild, CFO of Novori, Inc. "It is a strategy that we will continue to vigorously pursue as we grow our product offering."

The entire collection is made in the USA to the highest standards and features a variety of colors. Experience the graceful curves and outstanding craftsmanship of these beautiful pieces available online exclusively at www.novori.com.


ROO GROUP INCORPORATED (OTCBB: RGRP)
"Up 31.67% 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 24 - ROO Group to Report Fourth Quarter and Year End 2007 Results on March 31, 2008

Management to Host a Conference Call at 9 a.m. ET

ROO Group Inc. (OTCBB: RGRP) announced that it plans to report financial results for the fourth quarter and year ended December 31, 2007 on Monday, March 31, 2008, during pre-market hours, and has scheduled a conference call to discuss the results at 9 a.m. ET that morning.

The conference call will feature remarks from Kaleil Isaza Tuzman, Chief Executive Officer, Robin Smyth, Chief Financial Officer, and Gavin Campion, President. To participate in the call, please dial (888) 603-6873 (domestic) or (973) 582-2706 (international). The passcode for the call is 40671896. Please dial into the call at least five minutes before the scheduled start time to allow for processing time.

The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of ROO's website, www.roo.com, or at www.kcsa.com. If using this option, please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Internet broadcast.

For interested individuals unable to join the live conference call, a replay of the call will be available through April 14, 2008, at (800) 642-1687 (domestic) or (706) 645-9291 (international). The passcode for the replay is 40671896. An online archive of the webcast will be available on the Company's website for 30 days following the call.

March 24 - KIT Capital Takes Strategic Stake in Viewdle

IPTV-focused investment group to accelerate market adoption for facial recognition video search company; Business development partnership with ROO Group part of deal

Viewdle, Inc. (www.viewdle.com), the facial recognition-oriented video search company, announced that it has partnered with KIT Capital, a Dubai-based digital media investment group which recently took a strategic investment position in corporate IPTV enablement company ROO Group (OTCBB: RGRP). KIT Capital has made an investment in Viewdle and as part of this investment, ROO CEO and KIT Capital managing director, Kaleil Isaza Tuzman, has joined Viewdle's board of directors.

Viewdle is a multi-modal video search platform that combines technology from video, audio and text to deliver a semantically-accurate video search experience. The unique Viewdle Engine looks inside every frame to identify and deliver factual, contextually-relevant results at a level of granularity not possible with existing video search tools, most notably through pioneering facial-recognition technology. Since Viewdle's launch as a TechCrunch40 presenter in September 2007, the company has expanded beyond white-label offerings to consumer-facing Name Widget and Election Coverage Tracker. Viewdle will soon release a business-to-business service offering, additional widgets, and ultimately, personal media and consumer video search destination site.

KIT Capital brings to Viewdle deep operational and business development expertise in IPTV technology and broadcast media. Through portfolio company ROO Group, KIT Capital will be instrumental in guiding Viewdle's B2B strategy and Viewdle.tv consumer monetization plan, and in helping to identify and recruit Viewdle's business development team.

Viewdle and ROO will also be entering into a strategic agreement, pursuant to which ROO will receive a full-use, exclusive white label license for the Viewdle facial recognition video search technology. ROO will add the Viewdle Engine to ROO's IPTV enablement suite. ROO and Viewdle business development teams will cross-sell each other's services, and eventually ROO's content network of over 1,000 ROO-powered websites will be searchable through the Viewdle Engine.

KIT Capital managing partner and ROO CEO Isaza Tuzman commented, "As consumers and businesses become more reliant on IP-based video content, user-friendly-and above all, accurate-video search technology becomes an increasingly critical component for both the content provider and the end user."

Isaza Tuzman continued, "Viewdle's unique facial recognition technology is the most reliable and user-friendly video search product I have ever seen. KIT Capital's investment in Viewdle is in line with our strategic goal of creating a best-in-class ecosystem of IPTV enablement for corporate clients in international markets — where we see higher growth rates for online video. We believe that ROO's partnership with Viewdle will be a key competitive differentiator for both companies."

Laurent Gil, president of Viewdle, said, "While KIT Capital's financial backing of our company is appreciated, Kaleil's track record of accelerating the growth of new media companies, along with the support of the KIT Capital team, is what really brings Viewdle to the next level. We want to become the go-to resource for content owners and end users to index and search video content online. ROO's media player and streaming capabilities, coupled with KIT Capital's TV broadcaster and producer relationships around the world, will help us get there."

Viewdle was recently named the 2008 Start-Up of the Year in Europe by the Plugg Conference, and was a "Best Technology Innovation/Achievement" Crunchies 2007 Award finalist. Viewdle technology is currently used by Reuters.

ABOUT VIEWDLE, INC.

Viewdle, Inc. was founded to revolutionize video search by solving the inefficiencies inherent in relying on text-based metadata and other existing tools for indexing video. Viewdle Inc.'s core technology is the Viewdle Engine, a facial-recognition powered digital media platform for indexing, searching and monetizing video assets. The Viewdle engine fuses pioneering visual analysis technology along with other leading audio and text-based search techniques to go "inside the clip" and identify contextually-relevant appearances based on true video assets. Viewdle technology benefits customers in numerous industry segments, including: content producers and distributors; video advertising and monitoring companies; social networks; search engines; cable service providers; and video archival and stock houses. Viewdle is headquartered in New York City, with product development and client services teams in Kiev, Ukraine. For more information visit www.viewdle.com.

ABOUT KIT CAPITAL

KIT Capital, founded in 2001, is an entrepreneur-led merchant bank with offices in Dubai and New York City. KIT Capital invests and provides business acceleration services in the digital media, retail and emerging markets real estate segments. KIT Capital principals are entrepreneurs and operating executives, and take a hands-on approach with portfolio companies. KIT Capital portfolio companies have included KPE, WRI, JumpTV and ROO Group, amongst others. For more information visit www.kitcapital.com.

 
< Prev   Next >
Clicky Web Analytics