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OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report
for Thursday, January 31st SPNG, RLTR, USCS, LVDL, PEAK, BDGR
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:31012008
Our Stocks to Watch today include SpongeTech Delivery Systems, Inc.
(OTCBB: SPNG), ReelTime Rentals, Inc. (OTC: RLTR), USCorp (OTCBB:
USCS), LiveDeal, Inc. (OTCBB: LVDL), Peak International Limited (NASD:
PEAK), Black Dragon Resource Company (OTC: BDGR)
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter, and Email Stock Watch Alerts.
SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
Detailed Quote: http://www.otcpicks.com/quotes/SPNG.php
Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery Systems is a development stage company which
designs, produces, markets and distributes cleaning products for
vehicular use utilizing patented technology relating to sponges
containing hydrophilic (liquid absorbing) foam polyurethane matrices.
The Company's sponges are specially configured with an outer contact
layer and an inner matrix, which is loaded with specially formulated
soaps and wax that are released when the sponge is applied to a surface
with minimal pressure. The Company's products are currently designed
specifically for vehicular cleaning use. However, the Company is
exploring the possibility of using its patented technology for the
development of sponges for other uses, including for use with
anti-bacterial, bath and kitchen soaps for household uses, as well as
for use as a children's bath foam sponge.
SPNG News:
January 31 - SA Trading LLC Places Order for SpongeTech's New 'Pet
Sponge'
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that SA
Trading LLC will be distributing the SpongeTech(R) Pet Sponge, a new
pet care product, the "Pet Sponge," to its' family of products based on
the SpongeTech Delivery System technology. The new Pet Sponge product
is made with a mild, no-tear, soap formula. The soap also contains a
pet hair conditioner, a pet fur luster and sheen additive and an odor
neutralizer. Like other SpongeTech products, the Pet Sponge is made of
100% Hydrophilic Foam and is 99.8% bacteria free. The germs can't get
in, but the soap can get out. The new SpongeTech Pet Sponge can be used
for up to 8 pet washes and is safe for both dogs and cats.
SA Trading LLC has ordered the complete pet package with the
SpongeTech(R) Pet Chamois, assuring you the best results by completing
the process of drying your pet. This is included as part of the SA
Trading LLC Pet Sponge package! The SpongeTech(R) Pet Chamois is super
absorbent and holds up to 100 times its' weight in water, yet remains
soft and flexible, even after it dries out!
SpongeTech's COO Steven Moskowitz commented, "SpongeTech is very happy
to be able to announce the new Pet Sponge product. As we have stated in
the last few months, we have plans for new products in completely new
market segments utilizing our core SpongeTech Delivery Systems
technology. The new SpongeTech Pet Sponge and Pet products is an
excellent example of the adaptation of our core sponge technology to
bring new products to market. We are excited about the new SpongeTech
Pet Sponge and Pet Chamois products as they will allow us to gain entry
into the multi-billion dollar pet care market and will open up new
sales, marketing and distribution opportunities for SpongeTech. We
already have one sizeable Pet Sponge product order on the books and we
will be ramping up production for this product in the very near future.
With support from companies like SA Trading, we should add significant
new incremental revenues for our company in 2008 and beyond."
For more information, contact 1-877-SPONGE T or visit the company
website at www.spongetech.com/newproducts.htm.
REELTIME RENTALS INCORPORATED (OTC: RLTR)
Detailed Quote: http://www.otcpicks.com/quotes/RLTR.php
Company Profile:
http://www.otcpicks.com/reeltime-rentals/reeltime-rentals.htm
ReelTime Rentals Inc. (sometimes referred to herein as RLTR or
ReelTime.com) was incorporated under the corporate laws of the state of
Washington as ReelTime Rentals; Inc on June 24, 2004. ReelTime.com is
an online broadband network offering a diverse library of both
theatrical films and television programming. ReelTime's "point click
and watch" user interface delivers DVD quality video over the internet
to customers nationwide whenever they want to see it. ReelTime is
poised to change the home entertainment industry by becoming a leader
in the online media marketplace, providing the public the next
generation of online viewing technology with built-in capacity for
unlimited growth. The company's Intelligent Rapid Delivery System
(IRDS) overcomes many of the roadblocks that have previously prevented
widespread adoption of high quality streaming video. Through IRDS and
their video-on-demand services, they deliver full-screen DVD quality
movie experiences to broadband customers nationwide while implementing
security measures to combat the threat of piracy.
The company currently provides direct-to-desktop progressive
downloading for broadband users, utilizing a proprietary player to
deliver full length films and television shows for viewing by the next
generation of media viewers. We strongly believe in ReelTimes future
and see unlimited potential beyond the PC into other media platforms,
including set top boxes and handheld devices. ReelTime's end-to-end
delivery system (IRDS) has significant advantages in cost and structure
over other systems in current use and the revolutionary nature of the
system should allow ReelTime to quickly become a dominant player in the
video-on-demand marketplace.
RLTR News:
January 30 - ReelTime Rentals, Inc. Has No Affiliation, Now or Ever,
With Reeltime Media Ltd. of Australia
ReelTime Rentals, Inc. (OTC: RLTR), in response to numerous shareowner
inquiries, today issued a clarification to news from Australia, stating
that ReelTime Rentals, Inc. has absolutely no affiliation with a
company called Reeltime Media Ltd. of Australia, whose shares have just
been suspended on the Australian Stock Exchange.
ReelTime Rentals, Inc. is 100% in compliance with all laws,
regulations, and the requirements of the exchange upon which its shares
are traded.
According to CEO Barry Henthorn, "ReelTime Rentals, Inc. has no
affiliation with Reeltime Media Ltd., nor has there ever been. We are
issuing this statement so that our shareowners are acutely aware of the
truth, and are not being misinformed."
USCORP (OTCBB: USCS) "Up 16.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/USCS.php
USCorp., an exploration stage company, through its subsidiaries,
engages in the acquisition and development of mineral properties,
primarily gold, silver, and other nonferrous metals in the United
States. The company owns interests in 141 Lode Mining Claims in the
Eureka Mining District of Yavapai County, Arizona, called the Twin
Peaks Mine. It also owns 8 Lode and 21 Placer Claims, as well as
Picacho Salton Project comprising 106 claims located in the Mesquite
Mining District of Imperial County, California. The company was founded
in 1989 as The Movie Greats Network, Inc. and changed its name to The
Program Entertainment Group, Inc. in 1992. Further, it changed its name
to Santa Maria Resources, Inc. in 1997; to Fantasticon, Inc. in 2000;
and to USCorp. in 2002. The company is based in Las Vegas, Nevada.
USCS News:
January 31 - Gold Exploration Company USCorp Releases Results of
Geophysicist Report of Pink Rhyolite on Picacho Salton Property Valued
at $634,000,000 USD
USCorp (OTCBB: USCS) released the results of Geological Support
Services report of Pink Rhyolite on a portion of its Picacho Salton
Property.
The Picacho Salton Properties consist of 106 California claims located
in the Mesquite Mining District of Imperial County. These claims
contain precious metals (mostly gold) and they also include 140 acres
of Pink Rhyolite (decorative rock) and construction grade aggregate.
According to the Geological Support Services report, estimates of Pink
Rhyolite and construction grade aggregate reserves are 12,688,256 tons
on the 140 acres to a depth of 50 feet. At the time the report was
written, the price for Pink Rhyolite and aggregate was $30 per ton. The
current price is averaging more than $50.00 per ton and, at that price,
the estimated value of the Pink Rhyolite and aggregate is $634,412,800
USD.
The Geological Support Services report says that this 140 acre deposit
is ideally suited for decorative rock and construction aggregate. As
decorative rock, it can be mined under a material sales contract from
the Bureau of Land Management. The report indicates that aggregate
(sand, gravel and crushed rock by-products of the Decorative Rock
operation) produces no harmful mine waste or chemicals. In fact, it is
part of the Company's reclamation plan that the aggregate "waste" that
is not sold to the highway and housing construction industries will be
restored to the site in the reclamation process after mining. The
Company believes this waste is beneficial to the local environment
because indigenous plants can grow and thrive on the left-over
aggregate. The Company cautioned that Critical Desert Tortoise Habitat
issues recently encountered by BLM may inhibit mining of decorative
rock at this site.
In addition to the precious metals that are in its California
properties, the Pink Rhyolite deposit sits on the top of 140 acres
making it easily accessible and easy to sell.
USCorp has a high level of confidence in regard to the remaining 1,140
acres based on historical exploration work, which has been confirmed by
recent activity. The Company anticipates adding to its gold reserves in
the near future as a result of additional scheduled exploration work on
its properties in California and Arizona. The discovery of the Pink
Rhyolite and construction grade aggregate deposit sitting on top of the
ground represents a significant revenue opportunity for the Company.
USCorp is prepared to start operations when necessary BLM contracts
have been obtained. The equipment from the rock operation can also be
used during the startup operations of the gold constituent to ease
initial cost burdens of equipment. The Mining Plan of Operations (MPO)
is being revised per the new 43 CFR 3809 regulations for approval by
BLM and county authorities.
USCorp, through its wholly owned subsidiaries, USMetals, Inc. and
Southwest Resource Development, Inc. owns and develops mineral
properties and acquires the rights to explore and mine mineral
properties in the United States for gold, silver, uranium, molybdenum,
polymetal ores and decorative rock. The company has interests in six
gold and silver dominant properties in Arizona and California. More
information on the company is available at www.uscorpnv.com. The
company's Class B common stock trades in Europe on the Frankfurt
exchange (symbol: U9C.F WKN#A0JEQQ).
For more information about USCorp, go to www.uscorpnv.com or e-mail
info@uscorpnv.com.
LIVEDEAL INCORPORATED (OTCBB: LVDL) "Up 13.40% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LVDL.php
LiveDeal, Inc., together with its subsidiaries, publishes classifieds
and yellow pages online at or through its Web sites in the United
States. It offers businesses and consumers a solution for creating a
Web presence and marketing their products and services locally. The
company, through its online properties, enables buyers and sellers to
find and list of business services, merchandise, real estate,
automobiles, pets, and various other products in their local
communities. LiveDeal primarily provides Internet Advertising Package
(IAP), which provides a Mini-WebPage that contains a 40-word
description of the business, hours of operation, and detailed contact
information. The company also offers standard non commercial classified
advertisement; banner and other graphical advertisements to businesses;
and an Internet Dial-Up Package, as well as enters into contracts with
various third parties for providing hosting, customer service, and
certain administrative functions. It markets its products through
telemarketing. LiveDeal also publishes yellow pages through
www.Yellow-Page.Net, www.YP.Net and www.YP.Com. It has strategic
relationships with various business partners, including Interchange
Corp., Palm, Inc., and Yahoo. The company was founded in 1968 and is
headquartered in Mesa, Arizona.
LVDL News:
January 31 - LiveDeal, Inc. Approved for Listing on the NASDAQ Stock
Exchange and Symbol Change
LiveDeal, Inc. (OTCBB: LVDL), the nation's first combined local online
classifieds and Yellow Pages marketplace (www.livedeal.com), announced
that it has been approved for listing on the NASDAQ Stock Exchange. It
is expected that as of the opening of trading on Friday, February 1,
2008, LiveDeal Inc. will begin trading under the symbol LIVE on the
NASDAQ stock market.
"The NASDAQ listing is an exciting milestone for us," said Daniel L.
Coury, Sr., Chief Executive Officer, "and we hope that this listing
will improve the liquidity of our shares, as many institutional
investors who are restricted from buying stock in bulletin board
companies are now able to invest in our company."
PEAK INTERNATIONAL LIMITED (NASD: PEAK) "Up 4.19% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PEAK.php
Peak International Limited engages in the design, production, and
supply of precision engineered packaging products for the storage,
transportation, and automated handling of semiconductor devices and
other electronic components. It primarily produces matrix and disk
drive trays, carrier tapes, disc caddies, and reels, as well as
collects and sells recycled matrix trays and reels. The company's
products are used for the storage and transportation of semiconductor
devices, as well as other electronic components, such as read-write
heads for disk drives, connectors, resistors, and capacitors. It serves
semiconductor companies, disk drive manufacturers, and subcontract
assembly and test companies, as well as manufacturers of disk drives,
connectors, sockets, resistors, capacitors, and other types of
electronic components in Asia, North America, and Europe. The company
was founded in 1992 and is based in Tsuen Wan, Hong Kong. It also has
offices in the People's Republic of China, the Philippines, South
Korea, Italy, Taiwan, Singapore, Malaysia, and the United States.
PEAK News:
January 31 - Peak International Sets Time for Discussion of Third
Quarter Fiscal 2008 Financial Results
Peak International Limited (NASD: PEAK), announced that financial
results for the third quarter of fiscal year 2008 ended December 31,
2007 were released after the market closed on Wednesday, January 30,
2008.
A conference call discussing the results of the quarter will be
available at (800) 642-1687 (domestic) or (706) 645-9291
(international), access number 32156216 until Feb. 3, and the Web cast
will be archived on the company's Web site at
http://investors.peakinternational.com/ for 30 days.
BLACK DRAGON RESOURCE COMPANIES (OTC: BDGR) "Up 8.51% in morning
trading"
Detailed Quote: http://www.otcpicks.com/quotes/BDGR.php
Black Dragon Resource Companies, Inc. engages in the acquisition,
development, production, and sale of oil and gas, and natural gas
properties in the United States. It produces oil and natural gas from
marginal stripper wells, whose production has slowed to 1/2 barrels of
crude oil per day or less. The company was incorporated in 1996 as Vita
Health, Inc. and changed its name to Vita Warehouse Company, Inc. in
1999. Further, it changed its name to Texas Diversified Distributors,
Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to
Black Dragon Resource Companies, Inc. in December 2004. Black Dragon
Resource Companies, Inc. is headquartered in Oil City, Louisiana.
BDGR News:
January 31 - Black Dragon Receives Interim Report From Proposed New
Management Team
Joseph Lanza, President of Black Dragon Resource Company (OTC: BDGR)
announced that he received a progress update from Summit Resource
Management, the team which has been evaluating Black Dragon's resources
and developing a plan to improve the revenues and profitability of the
Company. Mr. Lanza stated that Summit is the Group that is developing a
business plan for the Company in coordinating with the Funding Group.
Mr. Benjamin Johnson, CEO of Summit, in reporting on the Company's
operation and asset base, noted that, "We have been and are continuing
to analyze the Black Dragon properties in order to develop the business
plan required by the new funding. In summary, we believe that almost
every facet of Black Dragon's operations has potential for considerable
improvement with an impact on profitability and we continue to be
excited about the opportunities afforded through the influx of
significant new investment funds. The areas we are focusing on are
general business management, field maintenance operations, remedial
work on existing wells, infill drilling into current producing zones,
drilling into new zones on existing leases, and acquisitions of new
properties."
"We are confident that improved business management procedures will
have a significant effect on profitability by implementing certain
practices, such as quicker decision making, computerization of all
field and office activities, and better management control of such
financial details, such as accounts receivables. Improved
administrative controls will help facilitate achieving the desired
profit projections which, we believe, can be realized quickly. Closer
monitoring of field activities will also be implemented. All these
seemingly small changes will add up to a large improvement in
efficiency, increase in oil production, elimination of unnecessary
costs, and increased revenue."
As to the field operations, Mr. Johnson reported to Mr. Lanza that,
"Like all of the other producing properties in Black Dragon's area of
operation, many of the existing wells are decades old and their
production rates have been reduced through normal, mechanical
degradation over time. Over half of all Black Dragon wells are
currently not producing or are under-producing due to mechanical
limitations. We expect to achieve significant production rate increases
through a focused systematic program of remedial well work, where
appropriate. New technology can be applied at the time each well is
worked on, and careful attention to cost management will facilitate the
maximum increase in profitability.
"In addition to work on existing wells, we are identifying a number of
potential locations for drilling new wells into currently-producing
and/or under-developed horizons on the Black Dragon leases. An
oft-quoted principle in the oil industry is that the best place to find
new oil is usually in the presence of old oil production areas, which
we believe applies here. Although some of the original reservoir oil
underlying the new well locations may have been partially recovered,
the new wells will increase the overall recovery factor and accelerate
the recovery of the remaining reserves to take advantage of economies
of scale because the new wells will be drilled using modern technology,
and employing appropriate simulation programs where justified. Even
very old wells, drilled years ago can now be put into economically
valuable production today because of improved methods and equipment."
Mr. Johnson added that his team had recently made a study of Louisiana
State records and concluded that there exists a great opportunity to
redrill older wells at different levels, noting that "even though Black
Dragon's leases may appear to be located in a depleted, mature basin,
the potential for exploitation of new horizons appears strong."
Mr. Johnson concluded by reporting that his team is nearing completion
of their data collection and analysis process and should be in a
position to present its initial report to the Company and the Funding
Group in the very near future.
Mr. Lanza concluded by noting that "while the Summit Group will only
assume management control upon receipt of funding, at which time, I
will resign, they will have already made a substantial contribution to
the Company with their recommendations. Change is already underway."
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