ADCS,
BXXX, CVLL, UHCR, MMTIF, DFNS
Our Stocks to Watch tomorrow include
Advanced Content Services, Inc. (OTC: ADCS), Brooke Corporation
(NASD: BXXX), Community Valley Bancorp (NASD: CVLL), Ulysses Holding
Corp. (OTC: UHCR), Micromem Technologies Inc. (OTCBB: MMTIF) and
Defense Industries International, Inc. (OTCBB: DFNS).

ADVANCED
CONTENT SERVICES (OTC: ADCS)
"Up 40.00% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/ADCS.php
Formerly known as International Minerals
Mining Group Inc., Advanced Content Services Inc. is engaged in a variety
of online projects. The current share structure of common stock for the
company is 470 million shares of common stock authorized with 223,663,681
shares issued and outstanding.
ADCS News:
March
13 - Advanced
Content Services Clarifies Items of Interest
Advanced Content Services, Inc. (OTC: ADCS) announced
that CEO S. Shawn Spahr would like to take an opportunity to clarify some
items of interest that appear to have caused some potential confusion
with shareholders.
Spahr commented, "When the ADCS shell was purchased
there were some outstanding potential liabilities with the shell that
had not been adequately disclosed nor discovered during the new management's
Due Diligence phase. These potential liabilities are being dealt with
aggressively."
The Company is actively working with Pinksheets.com
to update the information to become in good standing and quoted once again
on Pinksheets.com, perhaps as early as the end of this week. Pinksheets.com
previously moved ADCS to its list of companies under the designation 'caveat
emptor' due to previous management's proclivity for frequent name changes.
The company would like to address shareholder questions
regarding previous management by stating very clearly that Paul Taylor,
nor Robert Cotton, have any continued role or relationship with ADCS,
either directly or indirectly through any form of nominee entity or organization.
Any previous associations between the company and Taylor or Cotton have
been terminated. Additionally, rumors that have circulated regarding a
company named Signature Leisure being involved with Advanced Content Services
past or present are false and misleading.
Spahr continued, "The Company has been contacted
by a number of shareholders via email and telephone expressing areas of
concern on such items of interest, so I wanted to take this as an opportunity
to clearly state that there is no association between the company or any
of these individuals or entities. As CEO of the company, I am in firm
control of the operations of ADCS and any speculation to the contrary
is both misplaced and unfounded."
BROOKE
CORPORATION (NASD: BXXX)
"Up 39.44% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/BXXX.php
Brooke Corporation makes and manages investments
in the insurance, banking, and financial services industries. Its holdings
include two publicly-traded companies, Brooke Capital Corporation and
Brooke Credit Corporation, and a wholly owned privately held company,
Brooke Brokerage. Brooke Capital operates a franchise network of property
and casualty insurance agencies in the United States. Its franchise network
includes approximately 900 agencies generating annualized insurance premiums
from personal lines of insurance and small commercial policies. Brooke
Capital also operates a life insurance company. Brooke Credit is a specialty
finance company that underwrites senior loans to businesses in insurance
and death care industries, such as unaffiliated insurance agencies, funeral
homes, and other businesses. Brooke Brokerage operates a federally-chartered
thrift institution that offers a range of commercial banking products.
It accepts interest bearing and non-interest bearing demand deposits,
savings deposits, time deposits, and certificates of deposit, as well
as offers personal and mortgage loans. Brooke Brokerage offers its products
and services utilizing a network of independent agents, as well as through
the Internet and other electronic means, such as automated teller machines.
The company was founded in 1986 and is based in Overland Park, Kansas.
BXXX News:
March
12 - Brooke Corporation
Announces Management Changes
Robert D. Orr, Chairman and founder of Brooke Corporation
(NASD: BXXX) announced the appointment of Leland Orr as President and
CEO of Brooke Corporation as of March 11, 2008 to replace Keith Bouchey,
who will resign as President and CEO of Brooke Corporation to pursue opportunities
in the community banking market.
Leland Orr has been a director, CFO, Treasurer and Assistant
Secretary of Brooke Corporation and has been a director and officer of
the company since its inception in 1986. He will resign his positions
as CFO, Treasurer and Assistant Secretary of the company to assume the
role of President and CEO and will remain a director of the company. Leland
Orr will continue to serve as CFO of Brooke Capital Corporation (Amex:
BCP - News), a majority-owned subsidiary of Brooke Corporation. Prior
to serving as CFO, Leland Orr served as President of Brooke State Bank,
Jewell, Kansas, and as an accountant with Kennedy McKee and Company, LLP
(formerly Fox & Company) in Dodge City, Kansas. He is a Certified
Public Accountant and a member of each of the American Institute of Certified
Public Accountants and the Kansas Society of Certified Public Accountants.
Leland Orr received a Bachelor of Science Degree in Accounting from Fort
Hays State University in Hays, Kansas.
"Leland and I have worked diligently to build this
organization, and I look forward to leveraging his knowledge, skills and
leadership capabilities in his new role," commented Rob Orr. "Keith
has been an asset to Brooke and its affiliates for years, and I want to
personally thank Keith for his numerous contributions to our organization
and wish him much success in his future endeavors."
Brooke Corporation also announced the appointment of
Travis Vrbas as CFO, Treasurer and Assistant Secretary and the appointment
of Carl Baranowski as Senior Vice President and General Counsel.
Mr. Vrbas, director of internal audit at Brooke Corporation
since January 2004, will take his new role as CFO, Treasurer and Assistant
Secretary from Leland Orr. Mr. Vrbas has been with Brooke Corporation
since March 2003. Since joining the company, Mr. Vrbas was responsible
for the Sarbanes-Oxley compliance of the company and its subsidiaries.
Mr. Vrbas has worked closely with the company's external auditors during
quarterly reviews, SOX testing and year-end audits. Since January 2004,
Mr. Vrbas has also served as a liaison to the CFO with respect to the
Company's SEC filings and other accounting matters. Mr. Vrbas received
a Bachelor of Science Degree in Accounting from Kansas State University
and is a Phi Kappa Phi.
Mr. Baranowski has been Senior Counsel and Corporate
Secretary of the company since September 2007 and will remain Corporate
Secretary. Previously, he served as counsel for Jabil Circuit, Inc. a
leading electronics manufacturing and design services provider with 75,000
employees and facilities in 20 countries. Mr. Baranowski has also served
as general counsel of Honeywell Advanced Circuits, Inc. and as senior
counsel of Gateway, Inc. with responsibility for corporate/securities,
finance and international operations. Mr. Baranowski has two Bachelor
of Science degrees and a Master of Science degree from the Massachusetts
Institute of Technology. Mr. Baranowski also has a law degree and an MBA
degree from Stanford University. Mr. Baranowski is co-author of "Representing
High-Tech Companies", is a Phi Beta Kappa and was an editor of the
Stanford Journal of International Law.
Concerning these appointments, Rob Orr stated,
"Travis has been a key part of our finance team for some time. His
skill and energy are well-suited to being CFO in our dynamic and fast-paced
environment. Carl's experience, education and intellect significantly
strengthen our management team. I look forward to Carl assisting me with
strategic planning, investment analysis and my other responsibilities."
COMMUNITY
VALLEY BANCORP (NASD: CVLL)
"Up 25.00% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/CVLL.php
Community Valley Bancorp operates as the
holding company for Butte Community Bank that provides banking services
to individuals and various-sized businesses in California. The company
accepts checking, interest bearing transaction, savings, time certificates
of deposit, and retirement accounts. It also offers home equity and consumer
loans, agricultural loans, government guaranteed loans, commercial and
industrial loans, and real estate loans. In addition, Community Valley
Bancorp offers cashier's checks, traveler's checks, bank-by-mail, night
depository, safe deposit boxes, direct deposit, automated payroll services,
cash management, lockbox, and other customary banking services. Further,
it provides telephone banking and Internet banking, merchant, and investment
services, as well as credit, debit, and ATM card services. As of June
22, 2007, the company operated 13 branches in 10 cities, including Chico,
Colusa, Corning, Magalia, Oroville, Paradise, Red Bluff, Redding, Yuba
City, and Marysville, as well as loan production offices in Citrus Heights
and Gridley. Community Valley Bancorp, through its strategic alliance
with Linsco Private Ledger Financial Services, provides annuities, insurance
products, mutual funds, and various investment products. The company was
founded in 1990 and is headquartered in Chico, California.
CVLL News:
March 13 -
Community Valley Bancorp Announces Tender Offer
Community Valley Bancorp (NASD: CVLL), announced that
its Board of Directors has approved the initiation of a Tender Offer by
the Company to purchase up to 1,000,000 shares of its outstanding stock
at a price of $13.00 per share. The Tender Offer is expected to commence
on or about March 13, 2008 and to expire, unless extended, at 5:00 p.m.,
Mountain Time, on or about April 28, 2008.
Under the Tender Offer, Community Valley Bancorp shareholders
will have the opportunity to tender some or all of their shares at $13.00
per share. If shareholders owning more than 1,000,000 shares properly
tender their shares, Community Valley Bancorp will purchase shares tendered
by shareholders, on a pro rata basis, subject to priority to odd lot holders
and in accordance with securities laws. Shareholders whose shares are
purchased in the offer will be paid $13.00 per share net in cash, without
interest, after the expiration of the offer period. The offer is not contingent
upon any minimum number of shares being tendered. The offer is subject
to a number of other terms and conditions specified in the offer to purchase
that will be distributed to shareholders.
Keith Robbins, President of Community Valley Bancorp
commented, "We believe that a repurchase of our stock is consistent
with our goal of maximizing shareholder value. At the same time, our offer
provides those who wish to sell shares an opportunity to do so at a premium
over recent trading prices and without incurring transaction fees."
The offer to purchase, letter of transmittal and related
documents will be mailed to shareholders of record and will also be made
available for distribution to beneficial owners of Community Valley Bancorp's
common stock.
Neither Community Valley Bancorp, nor its Board
of Directors, is making any recommendation to shareholders as to whether
to tender or refrain from tendering their shares into the Tender Offer.
Shareholders must decide how many shares they will tender, if any, for
purchase by Community Valley Bancorp.
ULYSSES
HOLDING CORPORATION (OTC: UHCR)
"Up 38.46% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/UHCR.php
Ulysses Holding Corp. is a retail owner/operator
and franchiser optical holding company within the 17 Billion Dollar a
year retail optical industry, specializing in acquiring single to small
multi-store operations that are well established within their communities
that the owner(s) are looking for an exit strategy due to retirement or
other plausible reasons. The company will also expand (under certain circumstances)
the number of units through joint ventures, franchising or the development
of new locations that will meet the company’s criteria for success.
The company will also expand revenue through management/consulting agreements
with existing store owners. The company will also derive revenues from
brokering franchise/sales deals to some of the larger optical retailers
in the industry. The company’s business plan call’s for ten
to fifteen retail outlets within the first twelve months of operations
and twenty to thirty additional outlets within the second twelve months
of operations with an over all objective of a minimum thirty to thirty
five outlets within a twenty four month period. The company’s policy
is not to change any of its new acquisitions employees or operations as
it intends to maintain the community environment and involvement that
was established by its former owner(s) while incorporating the advantages
of corporate buying strength and centralized administration.
UHCR News:
March
13 - Ulysses
Holding Corp. Releases Its Outside Auditor's Preliminary Recommendations
Ulysses Holding Corp. (OTC: UHCR) previously announced
that it has retained a special outside auditor to review the trading patterns
of its securities.
The auditor has recommended after its preliminary review
that the company immediately change its CUSIP I.D.; secondly, the company
erred by issuing a stock dividend, as this only allowed the increased
potential for shorting of its securities.
The auditor also recommended that the company embark
on a buyback of 4 million of its common shares on the open market effective
immediately.
"Management has accepted the auditor's recommendations
and will implement such immediately; we will not tolerate any abuse in
the trading of our securities by anyone and will take whatever action
necessary to stop any and all abuses," said Clayton Young, UHCR President.
MICROMEM
TECHNOLOGIES INCORPORATED (OTCBB: MMTIF)
"Up 32.19% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/MMTIF.php
Micromem is a fabless semiconductor device
company devoted to development of MRAM technology. Micromem's patents
in MRAM create a solution for performance driven, radiation hard non-volatile
memory applications. It has been in the business of researching and developing
magnetic based memory for over seven years. Micromem's Magnetic random
access memory, is non-volatile, read/write addressable, and fabricated
from radiation hard materials. Our markets include aerospace and defense,
sensors and RFID. Future growth and technical evolution will come from
the pervasive computing, PDA and display markets.
MMTIF News:
March 11 -
Micromem Technologies Inc. appoints Henry N. Dreifus to board of directors
Micromem Technologies Inc. (OTCBB: MMTIF), a Toronto-based
developer of magnetic random access memory (MRAM), announced that it has
appointed Henry N. Dreifus to serve on the company's board of directors.
Mr. Dreifus is the founder and managing director of
Dreifus Associates Limited, Inc. (DAL), a technology, systems development
and solutions integration organization. Among his accomplishments Mr.
Dreifus holds a key patent on smart card technology and portable electronic
transaction technology. Mr. Dreifus has more than 25 years of experience
in the high technology field including extensive experience on strategic
engagements ranging from magnetic, optical and intelligent (smart cards)
for financial, security, consumer marketing and information applications.
He is a recognized world expert in the card technology industry, providing
vision for the application of enabling technologies to solve business
problems, and advises industry, governments and the U.S. Congress on computer
and information technology matters.
In addition to his new appointment to the Micromem board,
Mr. Dreifus also currently serves on the boards of Viewzi, Inc. a visual
search engine company, TelaDoc Medical Services, Inc., a national medical
cross-coverage service, and the Defense Business Board of the United States
Department of Defense.
"We are pleased to appoint Mr. Dreifus to this
position," said Joseph Fuda, CEO of Micromem. "His background
in delivering advanced technology solutions and in the semiconductor industry
will bring to Micromem a dimension and skill set that will help the company
as it prepares to commercialize its MRAM and magnetic sensor technologies."
DEFENSE
INDUSTRIES INTERNATIONAL (OTCBB: DFNS)
"Up 32.45% on Thursday"
Detailed
Quote: http://www.otcpicks.com/quotes/DFNS.php
Defense Industries International, Inc.
is a leading manufacturer and global provider of personal military and
civilian protective equipment and supplies. Defense Industries' main products
include body armor, bomb disposal suits and bullet-resistant vests and
jackets; ballistic wall covers, ceramic armor plates and lightweight armor
UHMW-PE plates; personal military equipment, battle pouch units and combat
harness units; dry storage units, liquid logistics, tents and vehicle
covers; winter suits, sleeping bags and backpacks. The Company's manufacturing
facilities meet American EQNET and international ISO 9001 standards. For
additional information, please visit the Company's web site at www.defense-industries.com.
DFNS News:
March
13 - Defense
Industries International Reports Receipt of Notification of Approval of
Grant of Approximately $6 Million of Compensation Pursuant to the Israeli
Evacuation Compensation Law
Defense Industries International, Inc. (OTCBB: DFNS),
a leading manufacturer and global provider of personal military and civilian
protective equipment and supplies, announced that on March 11, 2008, the
Eligibility Committee, established pursuant to the Israeli Evacuation
Compensation Law (2005), approved the grant of approximately $6 million
of compensation, before expenses, to the Company’s three subsidiaries,
Export Erez Ltd., Mayotex Ltd. and Achidatex Nazareth Elite (1977) (76%
owned subsidiary). Of the $6 million of compensation, the Company’s
subsidiaries had previously received $523,000 in interim payments.
During 2004, the Israeli Government decided to evacuate
persons and companies from the Erez Industrial Zone in the Gaza Strip,
where certain of the operations of the three Company subsidiaries were
located. In February 2006, the subsidiaries filed claims for compensation
pursuant to the Evacuation Compensation Law. On February 18, 2008 the
three subsidiaries entered into final agreements with SELA Agency, a government
agency, established pursuant to the Evacuation Compensation Law. According
to the agreements, for which approval was just received, Export Erez will
receive compensation in the amount of approximately $2.51 million (NIS
9,005,000), Mayotex will receive compensation in the amount of approximately
$1.42 million (NIS 5,084,000), and Achidatex will receive compensation
in the amount of approximately $2.07 million (NIS 7,411,000). The agreements
were approved by the Eligibility Committee, and Export Erez and Mayotex
expect to receive the funds within 14 days. Achidatex expects to receive
the funds within 45 days. According to the Evacuation Compensation Law,
the awards will be subject to income tax at a reduced rate of 5%.
Joseph Fostbinder, chief executive officer of Defense
Industries said: "I am pleased that we are finally receiving this
long-awaited compensation. We intend to use a portion of the funds to
facilitate our growth strategy. Our plans include development of new product
lines as well as potential strategic acquisitions that will be complimentary
to our core business." |