CPRK,
AMHD, WDAM, STEN, PLTG, PANC
Our Stocks to Watch tomorrow include
Copper King Mining Corporation (OTC: CPRK), Amelot Holdings, Inc.
(OTC: AMHD), World Am, Inc. (OTCBB: WDAM), STEN Corporation (NASD:
STEN), Platina Energy Group, Inc. (OTCBB: PLTG) and Panacos Pharmaceuticals,
Inc. (NASD: PANC).

COPPER
KING MINING (OTC: CPRK)
"Up 27.27% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/CPRK.php
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:
March
3 - Copper King
Mining Corporation Gets Massive Coverage in LA County and Utah
Copper King Mining Corporation (OTC: CPRK), under the
direction of its PR Firm Alexander Lindale L.L.C., has installed 55 full-sized
billboards in LA County with 24 to follow in Utah. The billboards invite
people to come and view the website for Copper King.
In conjunction with the billboards, there will be the
release of a several-minute video news release on Copper King Mining that
will be sent to several thousand TV stations via satellite uplink, and
several thousand radio talk shows, newspapers and trade magazines. The
purpose of the advertising blitz is to bring public awareness to Copper
King Mining, a major employer in Milford, Utah, and provide an educational
experience in the history and development of copper in the United States.
For additional information, visit www.copperkingmining.com.
AMELOT
HOLDINGS INCORPORATED (OTC: AMHD)
"Up 100.00% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/AMHD.php
Amelot Holdings, Inc. (www.amelotholdings.com)
is a publicly-traded diversified holding company that has identified a
projected $20 billion opportunity to manufacture renewable fuels to supply
the growing demand and to reduce the dependency and environmental impact
of fossil fuels.
AMHD News:
March
4 - Amelot Announces
Formation of Jatropha Biofuel Technologies Inc.
Amelot Holdings, Inc. (OTC: AMHD) announced the formation
of its new subsidiary, Jatropha Biofuel Technologies, Inc. (“JBTI”).
The subsidiary will offer a truly integrated approach, which will include
all aspects of Jatropha research, development, and cultivation, including
extracting technologies of Jatropha oils and the processing of high grade
biodiesel.
Jatropha is an oil-rich, non-edible plant that grows
on wastelands and is a promising alternative energy feedstock for the
production of biodiesel. Through intensive research, JBTI will concentrate
on harnessing the potential of high yield Jatropha species. More information
on Jatropha can be found at:
www.thewoodexplorer.com/maindata/we1654.html.
“Jatropha has recently become an agricultural
and economic celebrity, with the discovery that it may be the ideal biofuel
crop, an alternative to fossil fuels for a world dangerously dependent
on oil supplies and deeply alarmed by the effects of global warming,”
commented Aziz Hirji, President of Amelot Holdings, Inc.
WORLD
AM INCORPORATED (OTCBB: WDAM)
"Up 50.00% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/WDAM.php
World Am, Inc. engages in the development,
manufacture, and distribution of automatic passage control (APC) and security
devices; and marketing technologies in the field of micro-sensor elements
and sensor arrays in the United States. Its products are used to monitor
or control access, egress, or passage from one area to another, such as
airport security portals, building entries and exits, gates for vehicles
or personnel, public building access points, laboratories, hospitals,
and government and other buildings. The company also involves in the design
and manufacture of a standard line of APC systems for commercial, retail,
and government use; customization/modification of APC systems per customer
specifications; development of security devices for APC; and acquisition,
development, sales, marketing, and distribution of component products.
World Am sells its products through a dealer network or directly to the
end user. The company was founded in 2005 and is headquartered in Newport
Beach, California.
WDAM News:
March 4 -
World Am's Isotec Subsidiary and Checkpoint Systems' Security Group Sign
Product Distributorship Agreement Covering 10 Southeastern States
New Pact Expands Isotec's Total Distributorships
Nearly 50 Percent, Now 31 Worldwide
Isotec, Inc., a subsidiary of World Am, Inc. (OTCBB:
WDAM) reported that it has signed a distributorship agreement covering
10 Southeastern states with Checkpoint Systems, Inc.'s (NYSE: CKP) subsidiary,
Checkpoint Security Systems Group, Inc. Checkpoint Systems, with annual
revenues of approximately $700 million, is a leading manufacturer and
marketer of identification, tracking, security and merchandising solutions
for the retail industry and its supply chain.
Under terms of the agreement, which immediately increases
Isotec's distributor presence by nearly 50%, for a current total of 31
distribution points worldwide, Checkpoint Security Systems will begin
marketing Isotec's automated security portals in its already established
distributorships in Delaware, Maryland, the District of Columbia, Virginia,
North Carolina, South Carolina, Alabama, Mississippi and Florida.
“This is an especially big win, and validation,
for our company and its technology,” said Isotec President Ken Jochim.
“It's not every day you can grow your distributorship potential
by half with one new agreement. Moreover,” Jochim noted, “we
hope to further increase that penetration, as Checkpoint Security's mission
is to grow its marketplace to a nationwide level over the next several
years.”
At Checkpoint Systems, Mr. Jochim noted, strategic safety,
security and loss prevention programs combine the best of several technologies
to help reduce losses from internal and external theft, vandalism, and
many other causes.
“Checkpoint's custom-designed systems give retail
banking customers the option to arm a perimeter, a stockroom, or a whole
facility — whether protecting a single storefront or a national
chain. It also can provide specialized products and applications, including
perimeter protection, exterior, time-delayed alarms, and access monitoring.
That is precisely why we're so pleased to have the superior features of
our product line now included in Checkpoint's offerings,” the Isotec
president said.
ABOUT CHECKPOINT SYSTEMS, INC.
Checkpoint Systems is the leading supplier of
shrink management solutions. Checkpoint's global team partners with retailers
and their suppliers to fight the $98 billion global retail theft challenge.
Leveraging its 40 years of RF technology expertise, expanding shrink management
offerings and Check-Net labeling solutions, Checkpoint today has more
than one million RF devices installed in stores around the world.
STEN
CORPORATION (NASD: STEN)
"Up 44.24% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/STEN.php
STEN Corporation principally provides financial
services in the United States. It provides auto loans to consumers under
installment receivable contracts, as well as finances a portion of the
dealer-partner vehicle inventory. The company also provides short term
consumer loans, such as auto title loans and deferred presentment loans,
check cashing, bill payment options, and money wires. In addition, STEN
engages in the retail of used cars. Further, it manufactures, on a contract
basis, a line of sterilization containers and filters for use by hospitals,
clinics, and surgery centers. The company was founded in 1978. It was
formerly known as Oxboro Medical International, Inc. and subsequently
changed its name to Sterion Incorporated. It further changed its name
to STEN Corporation in 2005. The company is headquartered in Minnetonka,
Minnesota.
STEN News:
March
3 - STEN Corporation
Sees Second Quarter Revenue Increasing More Than 100 Percent - Company
Sees Improving Profit Outlook
STEN Corporation (NASD: STEN), a Minneapolis-based diversified
business, announced that based upon results through February 2008, revenue
for the second quarter ending March 31, 2008 is expected to exceed $4.2
million, more than double the $2.1 million in revenue in the Company generated
in the first quarter of fiscal 2008. The Company also stated that it expects
to be profitable in the current quarter. For the fiscal year ending September
30, 2008, the Company's outlook is for total revenue to exceed $15.0 million,
which is more than triple last year's total revenue from continuing operations
of $4.6 million. The Company's business plan currently indicates that
it will operate profitably for the balance of the fiscal year ending September
30, 2008. The preliminary results for the first quarter 2008 are subject
to the Company's management and independent auditors' customary quarterly
review procedures. The Company will report final results of operations
for the thirteen weeks ending March 31, 2008 with the filing of its Quarterly
Report on 10-QSB.
Commenting on the current outlook for STEN Corporation,
Kenneth Brimmer, CEO, noted, "In February we saw positive results
from our efforts to achieve profitability. Among the recent steps toward
improved results is the January 2008 hiring of John Halvorsen as COO of
STEN Credit. Mr. Halvorsen oversees the Arizona auto sales and credit
operations. John's leadership and extensive automobile sales experience
have had an immediate and significant positive impact on our results.
In addition, as we noted at the end of our first quarter, activity at
our STENCOR business unit is increasing and improved production volumes
are favorably impacting our results."
PLATINA
ENERGY GROUP (OTCBB: PLTG)
"Up 30.77% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/PLTG.php
Platina Energy Group, Inc., an exploration
stage company, engages in the exploration and development of oil and gas
properties. It owns interests in the Hall and Kirkpatrick leases in the
Palo Duro Basin located in Swisher and Hale County; and oil and gas leases
located in Young County in Texas. The company also owns interests in various
oil and gas leases in the Devonian Black Shale formation located in the
Appalachian Basin of east Tennessee. In addition, Platina Energy Group
owns certain rights in Thermal Pulse Unit (TPU), a proprietary enhanced
oil recovery technology that utilizes a hydraulic gas compressor to enhance
the production of mature oil fields and stripper wells. The TPU creates
350F+ heat and 1,500+psi pressures for utilization in well cleanup, stimulation,
and production. The company was incorporated in 1988 as Windom, Inc. and
after undergoing various business changes, the company's name was changed
to Platina Energy Group, Inc. in 2005. Platina Energy Group is headquartered
in Cheyenne, Wyoming.
PLTG News:
March
4 - Platina Energy
Group Reports 22 Barrels Production in Three Hours for First Stout Well
Platina Energy Group, Inc. (OTCBB: PLTG) (Frankfurt:
O5Y.F) reports production of 22 barrels of high grade oil in the first
three hours of production for the initial "Stout" Well rework
program on the Seminole County, Oklahoma Lease. This is the first of 10
wells to be reworked by Platina's on site operating division, Bowie Energy.
"The Seminole County Lease in Oklahoma is a relatively
new acquisition by Platina that was previously reported. The Company had
secured first lien holder financing last year to begin the reworking of
this field that has already exceeded previous expectations. Although the
initial production was very high, we believe that this oil well should
average 150-300 BOPM henceforth, giving us a very attractive return on
capital deployed. Local management has been very aggressive in preparing
and scheduling the rework program for the field and we are expecting great
things from here," stated Blair Merriam, President of Platina Energy
Group.
PANACOS
PHARMACEUTICALS INCORPORATED (NASD: PANC)
"Up 1.47% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/PANC.php
Panacos Pharmaceuticals, Inc., a development
stage biotechnology company, engages in the discovery and development
of small-molecule oral drugs designed to treat Human Immunodeficiency
Virus (HIV) and other human viral diseases. Its lead product candidate,
bevirimat, under Phase 2 clinical trials, is a class of drug candidates
that works by a novel mechanism of action called maturation inhibition.
The company's discovery technologies focus on novel targets in the virus
life cycle, including virus maturation and virus fusion. It also has research
and development programs designed to generate second and third-generation
maturation inhibition products; and a research and development program
focused on an early step in the HIV virus life cycle, fusion of the HIV
virus to human cells. The company was founded in 1999 and is headquartered
in Watertown, Massachusetts.
PANC News:
March
4 - Panacos Reports
Fourth Quarter and Full Year 2007 Results
Panacos Pharmaceuticals, Inc. (NASD: PANC), a biotechnology
company dedicated to developing the next generation of antiviral therapeutic
products, announced its financial results for the quarter and year ended
December 31, 2007 and reviewed progress in its development programs.
“We have accomplished a great deal in the past
several months,” said Dr. Alan W. Dunton, Panacos’ President
and Chief Executive Officer. “In addition to wrapping up our dose
escalation of bevirimat, we have successfully determined the means to
identify patients who are likely to respond to bevirimat, which will help
in future studies of our lead compound and will fit into practice patterns
for HIV physicians. Additionally, we have selected a lead compound in
our first-in class oral HIV fusion inhibitor program. On the corporate
front, we are confident we now have the right team of people in place
to see bevirimat through to commercialization.”
Financial Highlights:
1) For the fourth quarter of 2007, Panacos reported
a net loss of $9.3 million or $0.17 per share versus a net loss of $8.7
million or $0.17 per share for the fourth quarter of 2006. Revenue from
research funding in the fourth quarter of 2007 decreased to $22,000 from
$25,000 for the fourth quarter of 2006. Net loss for the 12 months ended
December 31, 2007 was $37.5 million or $0.70 per share, compared to $38.1
million, or $0.75 per share for the 12 months ended December 31, 2006.
2) Research and development expenses in the fourth quarter
of 2007 decreased to $6.2 million from $6.6 million in the fourth quarter
of 2006, primarily as a result of decreased activity in the Company’s
development programs. Research and development expenses increased slightly
for the full year 2007 to $25.1 million compared to $24.5 million for
the full year 2006. General and administrative expenses in the fourth
quarter of 2007 increased slightly to $3.1 million from $3.0 million in
the fourth quarter of 2006. General and administrative expenses decreased
for the full year 2007 to $12.8 million from $17.4 million for the full
year 2006.
3) Unrestricted cash, cash equivalents and marketable
securities were $51.9 million at December 31, 2007. As of December 31,
2007 the Company had approximately 53.5 million common shares outstanding.
Recent Business Highlights:
Earlier today, the Company announced that it has discovered
certain factors that predict response to bevirimat, its lead HIV maturation
inhibitor. The Company has completed its dose-ranging study of five treatment-experienced
patient cohorts with doses ranging up to 400 mg daily and provided preliminary
analysis of the completed study results. Patients who had the predictors
of response and effective bevirimat target blood levels had a mean viral
load reduction of 1.26 log10. Patients who are most likely to respond
to bevirimat treatment can be assessed with a simple, rapid, and inexpensive
test that fits into existing clinical practice. The active dose range
and plasma concentrations required for optimal response to bevirimat have
been determined and are achievable using existing solid or liquid formulations.
Clinically, bevirimat’s adverse event profile was indistinguishable
from placebo across all doses in the study.
The Company has recently selected a lead compound in
its oral HIV fusion inhibitor program. Panacos plans to move this compound,
PA-161, forward into pre-clinical safety testing prior to potential evaluation
in human clinical studies.
The Company announced the appointment of Jane Pritchett
Henderson as Chief Financial and Business Officer. Ms. Henderson has over
19 years of experience in finance for health care companies, having completed
deals and engagements for more than 90 life-sciences companies. Before
joining Panacos, Ms. Henderson was a Managing Director at HSBC's investment
banking division covering biotechnology companies, where she was responsible
for global origination and execution of biopharmaceutical business on
a new investment banking platform. Prior to HSBC, Ms. Henderson was with
CIBC World Markets, where she was a Managing Director in the health care
group. Earlier in her career, she held senior positions in healthcare
investment banking at Lehman Brothers and Salomon Smith Barney (Citigroup).
Panacos held a conference call on Tuesday, March 4,
to discuss the fourth quarter and full year results and the Company's
development programs. The conference call can be accessed via the web
at www.panacos.com through April
3, 2008, or by dialing toll-free 888.286.8010, and outside the U.S. 617.801.6888
with passcode 99073711. |