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OTCPicks.com: OTCPicks.com Stocks to Watch for Friday, December 28th
AVNT, GSGF, SCNU, LTTC, QMED, EWIN
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:28122007
Our Stocks to Watch tomorrow include Aventura Holdings, Inc. (OTCBB:
AVNT), GS AgriFuels Corporation (OTCBB: GSGF), Sentra Consulting Corp.
(OTCBB: SCNU), Lattice Incorporated (OTCBB: LTTC), QMed, Inc. (NASD:
QMED) and eWorld Interactive, Inc. (OTCBB: EWIN).
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter, and Email Stock Watch Alerts.
AVENTURA HOLDINGS (OTCBB: AVNT) "Up 333.33% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/AVNT.php
Aventura Holdings, Inc., an investment holding company, provides
automobile loans to consumers. The company offers its products through
automobile dealers who benefit by selling used or pre-owned vehicles to
consumers who otherwise could not obtain conventional financing.
Aventura Holdings is based in Miami, Florida.
AVNT News:
December 27 - Aventura Acquires Technology and Marketing Rights
Aventura Holdings, Inc. (OTCBB: AVNT) announced the acquisition of
technology and marketing rights for an IPTV solution for broadcasters
and content providers from IPWebTV, Inc., a Delaware Corporation.
Craig A. Waltzer, Chief Executive Officer for Aventura, said, "The IPTV
broadcast technology acquired by Aventura from IPWebTV, Inc. (Delaware)
is the first strategic purchase towards the Company's future direction.
Aventura plans to capitalize on its new property by marketing custom
infrastructure solutions to Internet Service Providers ('ISP') and
Content Service Providers ('CSP'). Aventura will operate the business
under a newly formed wholly-owned subsidiary IPWebTV, Inc., a Florida
Corporation."
Waltzer stated, "The market for IPTV solutions is in its infancy and
the market has caught the eye of Information Technology industry
leaders. The bellwethers such as Cisco, Microsoft, Alcatel and Motorola
have all launched product offerings on the hardware, software or
solution side of the equation."
Waltzer further stated, "According to an Infonetics Research report,
worldwide subscribers are predicted to swell to 53 million by 2009 with
service providers investing rapidly on IPTV content and transport
equipment. The Infonetics report projects in 2009, $26 billion in capex
expenditures for IPTV infrastructure."
Waltzer concluded: "The Company anticipates immediately generating
revenues as it has a ready-for-market solution. At the early stages,
sales of the product shall focus on back-end operations, by providing
testing and verification hardware and software solutions to
broadcasters and carriers in the IPTV space. We believe that this niche
market provides several unique opportunities for Aventura to grow out
the business model. The Company will continue to seek out strategic
opportunities domestically and abroad and team with other industry
leaders to build on its newest platform of product offerings and expand
that research to include content delivery systems."
The purchase price for the transaction is five hundred (500) Shares of
Non-Voting Convertible $0.001 Par Value Preferred Stock (the "Preferred
Stock") of the Company. The Preferred Stock is convertible into 500
Million Shares of the Company's Common Stock.
ABOUT IPWEB TV
IPWebTV, Inc. is an industry leading designer, developer and
manufacturer of streaming media fixed and mobile solutions for the
broadcast, satellite and IP marketplace.
GS AGRIFUELS CORPORATION (OTCBB: GSGF) "Up 52.38% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/GSGF.php
GS Agrifuels Corporation, together with its subsidiaries, engages in
the manufacture and sale of proprietary agrifuels and renewable energy
production equipment. It is also developing facilities to produce and
sell clean fuels and energy and other agri products. In addition, the
company engages in the development and marketing of esterification and
transesterification biodiesel process technologies; and the production
and sale of oleic safflower, sunflower, canola, and other vegetable
oils. It serves developers of renewable fuel production facilities. The
company was incorporated in 2000. It was formerly known as Hugo
International Telecom, Inc. and changed its name to GS AgriFuels
Corporation in 2006. The company is headquartered in New York, New York.
GSGF News:
December 27 - GS CleanTech to Take GS AgriFuels Private
Transaction Will Mark Completion of GreenShift's Restructuring
GS CleanTech Corporation (OTCBB: GSCL) and its majority-held
subsidiary, GS AgriFuels Corporation (OTCBB: GSGF), announced GS
CleanTech's plan to transfer its interest in the capital stock of GS
AgriFuels to a new wholly-owned subsidiary of GS CleanTech. After the
transfer, the new GS CleanTech subsidiary will merge GS AgriFuels into
itself in accordance with the short-form merger procedures provided in
Section 253 of the Delaware General Corporation Law. All non-affiliated
minority shareholders of GS AgriFuels will receive a cash payment of
$0.50 per share as a result of the merger and will thereafter cease to
be shareholders of GS AgriFuels. GS AgriFuels will, therefore, cease to
be a public company at the conclusion of these transactions.
The completion of these transactions is subject to the consent of GS
CleanTech's and GS AgriFuels' senior creditor, YA Global Investments,
L.P. ("Global"). GS CleanTech expects to obtain this consent in the
near term, based on recent favorable discussions with Global. If the
consent is obtained by early January, GS CleanTech expects that it will
declare a definitive date for the merger during January 2008, and that
it will complete both the merger and the cash distribution within the
first 6-8 weeks of 2008.
The short-form merger of GS AgriFuels will be part of a series of
transactions that GS CleanTech expects to complete in the next few
weeks, involving the restructuring of GS CleanTech's existing debt and
the closing of new financing to support the ongoing construction and
operation of GS CleanTech's various corn oil extraction systems.
Background on GS AgriFuels Transaction:
Ed Carroll, GS AgriFuels' chief financial officer, said that "We have
been burning too much cash at the corporate level administering
multiple public entities. We believe that taking GS AgriFuels private,
along with the other restructuring steps we have taken during the past
60 days, will significantly reduce corporate overhead, while
streamlining our operations and alleviating the confusion that our
multiple entities cause to both our clients and our shareholders."
Kevin Kreisler, chairman of GS CleanTech and GS AgriFuels, added: "The
elimination of confusion has been a chief goal of our restructuring, as
minority shareholders in each company have expressed concerns regarding
the relationship between GS CleanTech and GS AgriFuels."
In late 2006, GS AgriFuels acquired NextGen Fuel, Inc. ("NextGen"), a
development stage company that had developed proprietary and
patent-pending technologies for the high efficiency transesterification
of qualified oils and fats into biodiesel. While the NextGen reactor is
an elegant, robust and proven technology, upstream and downstream
processes are required to prepare targeted oils and fats before
reaction and to purify the fuel after reaction. GS CleanTech's
engineers have either redesigned or designed nearly all of the upstream
and downstream processes used in conjunction with the NextGen reactor
today. Moreover, since NextGen never had its own engineering,
manufacturing, installation, commissioning or any other technical staff
after the acquisition, GS CleanTech's engineering and manufacturing
teams have conducted virtually all of NextGen's operations since early
2007. Significantly, GS CleanTech's staff is directly responsible for
GS AgriFuels' third quarter profits.
Kreisler continued: "The degree to which GS CleanTech's and GS
AgriFuels' operations are integrated and the extent to which GS
AgriFuels relies on GS CleanTech's engineers raises issues for the GS
CleanTech shareholders that must be resolved. After reviewing a variety
of alternatives, we concluded that the most equitable way to resolve
these issues is for GS CleanTech to take GS AgriFuels private for fair
value."
"We also believe that the combined benefit of GS AgriFuels' and GS
CleanTech's commercialized technologies will be more effectively
realized and translated into increased shareholder wealth by taking GS
AgriFuels private. Once this transaction is completed, the value
proposition presented by GS CleanTech's various biofuels technologies
and operations will no longer be diluted and spread across multiple
publicly listed entities - it will be concentrated in one company: GS
CleanTech."
Completion of Restructuring:
The completion of the short-form merger will mark the completion of
GreenShift's accelerated restructuring.
Kreisler concluded: "We are producing cash flows today with
technologies that were not in the field a year ago, and our growth
rates of sales and earnings show that we can build an extremely
exciting and profitable company. With the completion of our
restructuring, we believe that our capital structure is now primed to
accurately reflect the market value of what we are building and to
enhance value for all of our shareholders. We will face considerable
risks moving forward as we continue to scale our operations, but we
have a strong foundation and I am confident that our team can make a
significant contribution to the nation's efforts to increase the
utilization of biofuels."
ABOUT GS CLEANTECH CORPORATION
GS CleanTech Corporation (OTCBB: GSCL) develops and supports clean
technologies and companies that facilitate the efficient use of natural
resources. GS CleanTech's ambition is to catalyze the rapid realization
of disruptive environmental gains by creating valuable opportunities
for a great many people and companies to use resources more efficiently
and to be more profitable. GS CleanTech Corporation owns majority
stakes in each of GS Ethanol Technologies, Inc., GS AgriFuels
Corporation (OTCBB: GSGF), GS Energy Corporation (OTCBB: GSEG) and GS
EnviroServices, Inc. (OTCBB: GSEN). Additional information on GS
CleanTech is available online at www.gs-cleantech.com and
www.greenshift.com.
SENTRA CONSULTING CORPORATION (OTCBB: SCNU) "Up 41.67% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/SCNU.php
Sentra Consulting Corp. does not have significant operations. It
intends to engage in the consulting business. The company was founded
in 2006 and is based in Cedarhurst, New York.
SCNU News:
December 26 - Sentra Consulting Corp. Announces Acquisition of Karat
Platinum LLC
Sentra Consulting Corp. (OTCBB: SCNU) announced the acquisition of 100%
of the membership interests of Karat Platinum LLC, a New York limited
liability company which manufactures and sells platinum alloy and
platinum jewelry. Sentra issued an aggregate of 30 million shares of
common stock to acquire Karat Platinum from its members, or 90.4% of
the issued and outstanding share capital. As a result of the
acquisition, Karat Platinum became a wholly-owned subsidiary of Sentra.
David Neuberg, one of the founders of Karat Platinum and its newly
appointed CEO and a Director of Sentra, commented, "Our relationship
with Sentra gives us the opportunity to realize the full potential of
our revolutionary new platinum alloy. As a subsidiary of a public
company, we enhance our credibility and leverage when dealing with both
suppliers and customers."
Karat Platinum, co-holders of a patent pending for the manufacture of a
platinum alloy containing 58.5% platinum and 41.5% cobalt and copper,
claims the new alloy, referred to as 14 Karat Platinum , has certain
properties that make it superior to the 95% platinum used in the
jewelry industry today. These include, lower cost, improved
castability, and greater durability.
"This new platinum alloy is considered to be one of the most
significant innovations in the jewelry industry in the past one hundred
years," states Philip Septimus, Chairman of Sentra Consulting. "We
believe that marketplace acceptance of 14 Karat Platinum will follow
the same path as the popularity of 14 Karat gold which now dominates
the jewelry market."
LATTICE INCORPORATED (OTCBB: LTTC) "Up 39.47% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/LTTC.php
Lattice Incorporated, through its subsidiaries, engages in the design,
development, and implementation of business management applications,
integration technologies, and enterprise geospatial systems in the
United States. It provides engineering services coupled with
information technology solutions to the federal government and private
industry. The company specializes in the design and implementation of
enterprise geographic information systems, enabling the vision of
public and private sector clients for cross-organization data sharing,
as well as develops Web services applications and geospatial solutions.
It also performs spatial analysis and risk assessment modeling for the
military medical application. In addition, Lattice provides technical
and management consulting services, including network engineering,
architectural guidance, database management, programming, and
functional area analysis to its department of defense clients. The
company's products include Aquifer, a software architecture that
provides users the ability to develop and manage applications in a
secure distributed computing environment; Commander call control system
that provides call control and management tools targeted at
investigation and law enforcement in the inmate telephone control
industry; MinuteMan, a prepaid card system for smaller prepaid card
vendors; and SensorView, which provides clients with the capability to
command, control, and monitor multiple distributed chemical,
biological, nuclear, explosive, and hazardous material sensors. In
addition, the company provides software consulting and development
services to United States federal governmental agencies. Lattice
markets its products through direct sales team to IT organizations,
systems integrators, and IP carriers. The company, formerly known as
Science Dynamics Corporation, was incorporated in 1973. It changed its
name to Lattice Incorporated in February 2007. Lattice is based in
Pennsauken, New Jersey.
LTTC News:
December 26 - Lattice Announces Record Backlog of $84.0 Million
Lattice Incorporated (OTCBB: LTTC) ("Lattice" or the "Company"), a
provider of advanced information and communications technology
solutions to key government agencies and enterprise customers, is
announced that the Company's backlog of contract wins reached a record
$84.0 million as of November 30, 2007.
"We are extremely pleased with the progress we have made in the
execution of our business plan and with the visibility we have into our
revenues going forward," said Paul Burgess, Lattice's Chief Executive
Officer. "Our ability to win significant contracts demonstrates the
strength of our business model and of our customers' acceptance of our
solutions."
Lattice calculates its backlog as contracts awarded to the Company or
its subsidiaries, representing the estimated revenues it expects to
derive from these contracts over their remaining lives. The Company's
backlog is not necessarily funded and there is no guarantee these
revenues will be realized.
QMED INCORPORATED (NASD: QMED) "Up 23.08% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/QMED.php
QMed, Inc., together with its subsidiaries, provides evidence-based
clinical information management systems to health plans and government
in the United States. Its system incorporates disease management
services to patients and decision support to physicians. The company
offers ohms|cvd, a cardiovascular disease management system, which
assists in managing cardiovascular conditions, including coronary
artery disease, stroke, heart failure, hypertension, hyperlipidemia,
and the cardiovascular complications of diabetes. QMed also provides
Special Needs Plans for chronically ill Medicare beneficiaries in South
Dakota; and a program for healthy weight and lifestyle management. In
addition, it engages in the production, sale, and support of a line of
ischemic heart monitors and a system that analyzes heart rate
variability under the name, Monitor One nDx. Further, QMed operates a
Medicare Demonstration to test the feasibility of reimbursing its care
coordinated DM services in the Medicare fee-for-service program. It has
partnership with HealthPartners CareSpan. The company was incorporated
in 1983 and is based in Eatontown, New Jersey.
QMED News:
December 27 - QMed, Inc. Announces the Termination of Its New Jersey
Special Needs Plan
QMed, Inc. (NASD: QMED) announced that its subsidiary, QMedCare of New
Jersey, Inc., is concluding its involvement in the Special Needs Plan
in New Jersey. The Company is working closely with the New Jersey
Department of Banking and Insurance and the Centers for Medicare and
Medicaid Services (CMS) to have an orderly wind down of the operations
of the New Jersey Special Needs Plan.
The Company is continuing the process of refocusing efforts on its
disease management business and government demonstration projects.
EWORLD INTERACTIVE (OTCBB: EWIN) "Up 21.57% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/EWIN.php
eWorld Interactive ("eWorld") is a second-generation media and
entertainment portal in Mainland China and other Asian markets. The
company has assembled a portfolio of multi-media content and
applications that provide advertising access to a large customer base
in the region. eWorld is a compelling place for individuals to interact
with top media franchises as well as create and share their videos,
photos, music, and online experiences. Offline products and video
production capabilities allow the company to create higher value
offerings for content providers and advertisers.
EWIN News:
December 27 - eWorld's Lottery Division Completes R&D on New Gaming
Platform
eWorld Interactive, Inc. (OTCBB: EWIN) (the "Company" or "eWorld"),
announced that its Chinese Lottery management team within the Company's
interactive lottery division announced today the completion of the
research and development phase of a new lottery and gaming platform
developed in anticipation of the recently approved Olympic Lottery by
the Beijing Olympic Organization Committee.
The new platform architecture comprises a network of secure servers and
proprietary software capable of handling large transaction volumes and
integrates dedicated functions designed to handle game distribution
management, real time monitoring and in-depth analysis of sporting
results.
The deployment of the new platform will provide for significant
expansion at eWorld's lottery division. The system consists of several
interrelated key management modules, segmented into overall lottery
management, financial administration, individual user controls, system
diagnostics and analysis, and news management modules.
Each module offers a number of additional features and capabilities
including the ability to manage multiple lottery games, their timing,
content and prize databases, along with integrated financial management
that administers the balance sheets across yearly, monthly, weekly or
daily periods of every single lottery game, including cash flow of each
individual user account. User management captures opt-in personal
information, classifies the users and assigns commission to users. The
user functionality also manages the retail agencies; traces the cash
flow on every single operator, and provides up-to-the-minute reports
based on each agencies performance.
"This is an important addition to the eWorld platform," said Guy
Peckham, CEO of eWorld. "It has an excellent and culturally sensitive
user-friendly interface; the functional back-end is very logical and
clear. It is a well designed and developed system. It will certainly
deliver lottery players loyalty, retention and revenues. This platform
anticipates the accelerated needs of China's burgeoning lottery
business."
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