TMCnet News
OTCPicks.com Daily Market Movers Digest Midday Report for Friday, May 22nd UPTR, ADVE, MPTO, SFIO, SEED(M2 PressWIRE Via Acquire Media NewsEdge) Our Stocks to Watch today include The UpTurn Inc. (OTC: UPTR), Adventure Energy Inc. (OTCBB: ADVE), MP2 Technologies Inc. (OTC: MPTO), Smokefree Innotec Inc. (OTC: SFIO) and Origin Agritech Ltd. (Nasdaq: SEED). Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover's Digest Newsletter and Email Stock Watch Alerts. THE UPTURN INCORPORATED (OTC: UPTR) Detailed Quote: http://www.otcpicks.com/quotes/UPTR.php Company Profile: http://www.otcpicks.com/the-upturn.htm The UpTurn, Inc. is developing an innovative online real estate matchmaking exchange and social networking site where real estate market participants are matched with each other, based on their individual profiles and intended roles in the market. TheUpTurn.com will serve all primary residential real estate stakeholders, including would-be buyers, would-be sellers, renters, owners, casual browsers, and real estate enthusiasts, along with professionals including agents and brokers. TheUpTurn will also directly or indirectly serve all those with a vested interest in residential real estate, the home improvement industry, the mortgage industry, banks, legal, inspectors, contractors and other real estate-dependent economies. UPTR News: May 21 - The UpTurn, Inc. Engages Thoughtbot to Develop TheUpturn.com's Real Estate Matching Platform Technology Consulting Firm Thoughtbot to Fast-track TheUpturn.com Platform Progress The UpTurn, Inc. (OTC: UPTR), an innovative company operating an online destination (www.TheUpTurn.com) where industry professionals, homeowners, sellers and seekers can be intelligently matched for their real estate needs, announces today that it has signed an agreement with software development house Thoughtbot to develop TheUpturn.com on the Ruby on Rails platform, the same platform that the highly successful Twitter.com was built upon. Thoughtbot is an advanced technology consulting firm that provides web application development and design services. Since 2003, Thoughtbot has been creating dynamic content management systems and designing consumer-driven applications for the digital age. Their recent successes include Hoptoad, a service for web designers to gather performance metrics and trends for the web applications they produce, and Gradefund, a website that funds college tuition by allowing people to pledge money to the student based on academic excellence. Thoughtbot specializes in the Ruby on Rails platform and has produced several open source applications that run off it. Jeffrey M. Eckman, CEO of The UpTurn, Inc., stated, "We engaged Thoughtbot, in part, due to their rapid development methodology, which will enable us not only to develop and get to market rapidly, but also allow for rapid changes as our customers demand them. Traditional web development processes don't necessarily allow for that level of responsiveness. Thoughtbot shares our mission to create a compelling, powerful, online real estate experience and to add value for our consumer and professional customers." "Developing on Ruby on Rails will also allow us to remain lean on our development, and later on our operational requirements, Mr. Eckman added. "Ultimately, this will enable us to achieve our revenue and profitability objectives. "Development of TheUpturn.com was initiated in January of this year, with an alpha build already delivered." ADVENTURE ENERGY INCORPORATED (OTC: ADVE) "Up 20.00% in morning trading" Detailed Quote: http://www.otcpicks.com/quotes/ADVE.php Company Profile: http://www.otcpicks.com/adventure-energy/adventure-energy.htm Adventure Energy, Inc., is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia. ADVE News: May 20 - Adventure Energy Inc. to Retain Consulting Firm to Prepare Reserves Report Adventure Energy Inc. (OTCBB: ADVE), an energy exploration company with operations in the Appalachian Basin, announced that the Company is interviewing petroleum consultants to conduct an evaluation of Adventure Energy's oil and gas properties. The Company is requesting an independent Reserves evaluation of the Company's oil and gas holdings based on a thorough analysis of reservoir properties, production history, pressure history and reservoir drive mechanisms, using analytical engineering and geological techniques. The completed report will enable the Company to fully appreciate its gross and net proved and probable reserves attributable to the property interests utilizing customary methods and procedures and in accordance with standard industry practices and to estimate the future net revenue to be realized with respect to such reserves. "We are very pleased to begin the process in having a reserves report prepared on the Company's leaseholds. We expect to make our selection in the coming weeks and anticipate that the consulting firm will begin immediately," said Wayne Anderson, President of Adventure Energy, Inc. "Initiating and completing an independent reserves report is vital for the exploration and development of our leased properties." MP2 TECHNOLOGIES INCORPORATED (OTC: MPTO) "Up 9.09% in morning trading" Detailed Quote: http://www.otcpicks.com/quotes/MPTO.php Company Profile: http://www.otcpicks.com/mp2-technologies/mp2-technologies.htm MP2 Technologies, Inc. serves as a holding company for technology and service related businesses that can share common management resources and access to marketing channels. New acquisitions will be announced over time as opportunities that fit the company's acquisition profile become available. Acquired companies will benefit from MP2's public company expertise, executive management, and sales and marketing contacts throughout the world. More information on the company can be found at www.mp2technologies.com. MPTO News: May 21 - MP2 Technologies' Subsidiary, Weatherly Aircraft Announces Start of Full Aircraft Production Mode MP2 Technologies (OTC: MPTO) announced that its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. (Weatherly), which initiated its parts and services business for the Weatherly agricultural aircraft at the beginning of May 2009, will begin full aircraft production mode during the month of June. Weatherly stated that a combination of additional equity investments and 'in kind' funding of equipment and parts by strategic partners has facilitated the acceleration of Weatherly's move to full aircraft production. The company further stated that the hiring of previous manufacturing personnel of the Weatherly aircraft have also contributed greatly to its ability to 'fast start' aircraft production. Richard Corline, CEO of Weatherly, stated, "We are thrilled to be able to announce the beginning of production of the Weatherly aircraft approximately three months ahead of our original business plan. I am very proud of our hand picked team who made this achievement possible. We believe there is a one to two year backlog for the aircraft that we will be filling without significant additional marketing efforts. We couldn't be happier with the response of the Bogalusa, LA community and its surrounding areas in assisting us in building our business quickly and efficiently. City officials, business owners, and private investors have all supported the development of our business. They have gone 'above and beyond' our best case expectations when we moved our operations to their city." ABOUT WEATHERLY AIRCRAFT NEVADA, INC. Weatherly Aircraft Nevada, Inc. designs, manufactures and sells cost efficient, safe and reliable aerial application aircraft for agricultural, chemical and fire fighting applications. The Weatherly aircraft are based on an FAA issued "Type Certificate" for which the Company has the licensing rights. The current fleet size of Weatherly aircraft in service on a world wide basis is in excess of 200 units. The Company opened its new US customer support center in March 2009 and began supplying spare parts and technical support to existing customers at the beginning of May. It is anticipated that newly built aircraft will be ready for delivery to customers in December of 2009. May 19 - MP2 Technologies Announces President's Open Letter to Shareholders MP2 Technologies (OTC: MPTO) commented through its President, Patrick Thomas, on the recent volatility in its stock price and the performance of it overall business. In his remarks, Mr. Thomas made it clear that he believed that there were no material changes in the MP2's business that would affect the Company's stock price negatively. Mr. Thomas stated, "I would like to address the recent volatility in our stock and what I believe to be the condition of MP2 at this juncture. We are pleased with recent higher valuations in our stock price and my main purpose in this statement is to let our shareholders know that we continue to be on target with our current sales, backlog, and our progress with setting the stage to meet our objectives for the next 12 months. Our management team is very pleased with our results thus far and with the recent increases in the Company's stock price. We believe these stock price increases to be a reflection of the Company's performance and an acknowledgement of this flourishing time at MP2 by our shareholders. We value our shareholders and appreciate their patience as natural fluctuations continue in the market for our stock." The Company pointed to its press release yesterday of a new agreement with Bayside Holdings, Inc. and its previous release May 7, 2009 related to progress in its new parts and services business in its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. as indicators of their latest progress. SMOKEFREE INNOTEC INCORPORATED (OTC: SFIO) "Up 44.00% in morning trading" Detailed Quote: http://www.otcpicks.com/quotes/SFIO.php Smokefree Innotec, Inc. is in the business of designing, developing, manufacturing and marketing a hi-tech, nicotine delivery cigarette-like device which is completely smoke-free and tobacco-free. Smokefree Innotec's products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy a smoke-free cigarette anywhere, including places where smoking is prohibited. Further, our products will allow the smoker to enjoy smoking while not having to worry about the dangers and ill effects of regular cigarette smoking. SFIO News: May 22 - Smokefree Innotec, Inc. (SFI) Begins Collaboration With World's Leading Essence Manufacturer for Mass Production of 'Cigarette Boxes' With Aromatic 'Microfilm' In close cooperation with its German management consultants, Smokefree Innotec, Inc. (OTC: SFIO) is starting up collaboration with one of the world's leading essence manufacturers for exclusive mass production of 'Cigarette Boxes' with an aromatic "Microfilm." SFI smokers will already enjoy opening the packaging of the highly praised designed boxes with Mild, Medium, Strong and Menthol taste. A geographical advantage of the collaboration with aroma producer Bell Flavors & Fragrances, experienced since their start-up in 1829 as Schimmel & Co., is that their labs are almost neighboring SFI's filter providers AHN Biotechnology. Professor Dr. Otto Wallach of Bell Flavors/Schimmel & Co. was the 1910 winner of the Nobel prize for Chemistry. The company has a century of experience in developing flavors for the tobacco industry. The newly developed aromatic "Microfilm" will be implemented for the first time in the manufacturing process of SFI for the launch of the world's first totally smokefree cigarette; in the success of which the management of Bell Flavors & Fragrances strongly believes. The Owner and President of Bell, Raymond Heinz, and his son Michael have announced further brainstorming with Smokefree Innotec's CEO in order to develop further new ideas. ORIGIN AGRITECH LIMITED (NASDAQ: SEED) "Up 28.94% in morning trading" Detailed Quote: http://www.otcpicks.com/quotes/SEED.php Founded in 1997 and headquartered in Beijing, Origin Agritech Limited is China's leading, vertically-integrated agricultural technology company specializing in agri-biotech research, development and production to supply the growing populations of China. Origin develops, grows, processes, and markets crop seeds to farmers throughout China and parts of Southeast Asia via a network of approximately 3,800 first-level distributors and 65,000 second-level distributors and retailers. The hybrid seed industry is estimated at US $2.5 billion and that is expected to double within the next five years. The Company currently operates facilities in 30 of 32 provinces in China. Since Origin launched its first entirely internally developed seed in 2003, the Company has developed 26 proprietary corn seed products, 19 proprietary rice seed products, 5 proprietary cotton seed products and 4 proprietary canola seed products that are in commercial production and distribution as of December 2008. SEED News: May 22 - Origin Agritech Limited to Report Improved 2Q09 Operating Results on May 26, 2009 Origin Agritech Limited (Nasdaq: SEED) ("Origin" or the "Company"), a vertically-integrated supplier of hybrid crop seeds in China, will announce unaudited financial results for the second quarter ended March 31, 2009 on May 26, 2009. These results reflect the Company's financial statements during the period from January 1, 2009 to March 31, 2009. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States. "We are investing in our significant opportunity, improving gross and operating margin, and maintaining healthy operating cash flow," said Irving Kau, Origin vice president of finance. "We are focused on executing on our core strategy for market leadership to develop and bring the highest quality products to market." The company's Q109 financial results improvement included: * 1Q09 Deferred Revenue was RMB176.63 million (US$ 25.84 million) increased 57.63% for the three-months ended December 31, 2008 as compared to RMB112.05 million (US$ 15.36 million) for the same period last year. * 1Q09 Total Operating Expenses for the three-months ended December 31, 2008 were RMB39.96 million (US$5.85 million) decreased 15.0% as compared with RMB 47.01 million (US$6.44 million) reported for the same period in 2007. "Our positive trends we saw in FY08 are carrying into FY09. Q109 demonstrated these positive growth trends. We expect to remaining quarters to show similar growth trends. The strength of our renewed product portfolio and our long-term, technology-based solutions are meeting the demands of a growing market opportunity," said Liang Yuan, Origin president and chief executive officer. "We had two good quarters, and we continue to press on toward more advanced agricultural technologies, we are determined to drive improved performance going forward." Based on preliminary financial data, the company expects annual revenue for the FY09 to range from RMB 550 million to RMB 580 million, and annual operating cash flow is expected to be around RMB 80 million, both improvements over fiscal year 2008. Conference Call Information The Company will host a teleconference on Wednesday, May 27, 2009, at 8:00 a.m. EDT / 8:00 p.m. Beijing time to discuss the quarterly results. To participate in the call, please dial +1-877-407-8031 in North America, or +1-201-689-8031 internationally, approximately 15 minutes prior to the scheduled start time. ABOUT OTCPICKS.COM OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our web site or in our daily Newsletter or Market Mover's Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at [email protected]. Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE: The OTCPicks.com employees are NOT Registered as an Investment Advisor in any jurisdiction whatsoever. Release of Liability: Through use of this website viewing or using you agree to hold OTCPicks.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for UPTR advertising and promotional services. OTCPicks has been compensated forty thousand free trading shares by a non-controlling third party for ADVE advertising and promotional services. OTCPicks.com has been compensated $13,500 worth of StockPromoters.com services in return for two weeks of advertising and promotional services for MPTO. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. For a complete list of disclosures go to http://www.otcpicks.com/disclosure-details.htm. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCPicks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCPicks.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTCPicks.com and its affiliates are not registered investment advisors or a broker dealers. OTCPicks.com has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. OTCPicks.com also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTCPicks.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCPicks.com. OTCPicks.com owners may or may not hold positions in the companies that are profiled. The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results. Third Party Web Sites and Information: OTCPicks.com and newsletter may provide hyperlinks to third party websites or access to third party content. OTCPicks.com does not control, endorse, or guarantee content found in such sites. You agree that OTCPicks.com is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that OTCPicks.com shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS |