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OTCPicks.com: OTCPicks.com Stocks to Watch for Thursday, January 3rd
WTVN, MDOR, EFGO, AKNS, VVIT, PMED
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:03012008
Our Stocks to Watch tomorrow include Wi-Fi TV Inc. (OTC: WTVN), Magnum
d'Or Resources, Inc. (OTCBB: MDOR), Esprit Financial Group Inc. (OTC:
EFGO), Akeena Solar, Inc. (NASD: AKNS), Vista International
Technologies, Inc. (OTCBB: VVIT) and Paradigm Medical Industries, Inc.
(OTCBB: PMED).
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter, and Email Stock Watch Alerts
WI-FI TV INCORPORATED (OTC: WTVN) "Up 354.55% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/WTVN.php
Wi-Fi TV, Inc. delivers live TV channels and other video-based content
through the Internet. It delivers media rich content, including movies,
film clips, and electronic books in multiple delivery formats through
its Web site, Wi-FiTV.com, as well as through other related Web sites.
The company, formerly known as Kanakaris Wireless, Inc., was
incorporated in 1991. Wi-Fi TV is based in Newport Beach, California.
WTVN News:
January 2 - New York Kicks Off New Year With Internet Technology Feat
Brought to You by Wi-Fi TV
Web Users in Dozens of Countries View 100th Anniversary Ball Drop and
Unite in Virtual Wi-Fi Party
Wi-Fi TV Inc. (OTC: WTVN) successfully delivered a live virtual party
from Times Square on New Year's Eve to thousands of web users in dozens
of countries, with live chat and an eight camera feed on
www.Wi-FiTV.com (category: New Year) and www.Wi-FiNewYear.com. The
event is also being repeated at the same location.
"With a last minute appeal from the popular web site TimesSquare.com to
handle directed traffic, and close coordination with those on the
ground in New York City, Wi-Fi TV delivered a high quality live picture
and sound and live chat to a huge global audience. Wi-Fi TV kicked off
2008 with its single largest audience ever," said Keith Friedman, who
handled technical production for Wi-Fi TV.
"Japan, Russia, England and the United States were among the countries
where web users rang in the New Year with Wi-Fi TV," he concluded.
MAGNUM D'OR RESOURCE (OTCBB: MDOR) "Up 170.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MDOR.php
Magnum d'Or Resources, Inc., a junior resource company, engages in the
exploration and development of base and precious metal assets primarily
in Mongolia. The company has an option to acquire 100% interest in the
Shandi gold-copper property located in southeastern Mongolia that
consists of approximately 20667 hectares, as well as the Khol Morit
porphyry-copper gold property located in southeastern Mongolia. The
company was founded in 1999 and is based in Ft. Lauderdale, Florida.
MDOR News:
January 2 - Magnum d'Or Resources Enters into Exclusive Licensing
Agreement with Spreelast A.G. and Terminates Stock Purchase Agreement
with Terra Elatomer S.L.
Magnum d'Or Resources, Inc. (OTCBB: MDOR) (the "Company") entered into
an exclusive licensing agreement with Spreelast A.G. (hereinafter
called "Spreelast") on December 21, 2007. Under this agreement, the
Company will have the exclusive right to utilize present and future
patents and trade secrets developed and utilized by Spreelast in the
United States, Canada and China. The exclusive licensing agreement
involves the techniques to produce thermoplastic elastomer (TPE)
resembling Elastomeric Alloys: EA production through the use of old and
waste rubber powder using a dynamically stabilized melt-mix process.
Magnum d'Or also terminated its previously announced Stock Purchase
Agreement dated June 3, 2007 (the "Agreement") with the shareholders of
Terra Elatomer S.L. ("Terra"). Consequently, the Company has cancelled
the exchange of 63,200,000 shares of the Company's common stock for the
purchase of Terra along with various other obligations affiliated with
the Merger. This was done to allow for a new agreement that was
mutually beneficial to both parties and substantially easier to
integrate due to the complexities of multinational entities and
obligations.
ESPRIT FINANCIAL GROUP (OTC: EFGO) "Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/EFGO.php
Esprit Financial Group Inc. is a public company engaged in a
diversified number of online financial services. These include: the
Payday Loan Software division; Forex Trading; Advanced Electronic Funds
Management; and Specialized Investment Banking and Financial Advisory
Services.
EFGO News:
January 1 - Esprit Financial Group Inc. Finalizes Good Life China Merger
Esprit Financial Group Inc. (OTC: EFGO) (www.espritfinancialgroup.com),
DBA Good Life China (www.goodlifechina.com) announced that it has
finalized and completed the acquisition of Hebei Haorizi Company Ltd.
Esprit CEO Garr Winters advised, "We are very pleased to make this
announcement. This transaction was a complex one given the fact that
Good Life is based in China, and under Chinese law, a Special Purpose
Corporation (SPC) is required to facilitate the merge. We must thank
Good Life CEO Dongmei Jia and the rest of her management team for
working with us in a very harmonious way."
The Mina Mar Group (www.minamargroup.com) was also singled out as being
of great assistance in structuring the deal, and helping set up the
Belize based SPC and other US filings in a very efficient manner. Their
consulting assistance on the regulatory requirements was pivotal to the
success of this merger.
The transaction has been structured in the following manner:
Asia Pacific Enterprises Limited, a special purpose company
incorporated in Belize, has completed the purchase of 100% of Hebei
Haorizi Company Ltd. Asia Pacific has appointed Good Life management to
act as officers and directors of the corporation.
Esprit Financial Group has completed the acquisition of 100% of Asia
Pacific Enterprises Limited.
Winters added, "Good Life is now officially open for business as a
public Company in North America. This is a very significant
accomplishment, particularly in light of the complex legal process, and
the tight time frame within which we have been able to complete all of
the filings in 3 different jurisdictions.
"In order to complete these aforementioned transactions, together with
the previously announced pending transactions the Company is undergoing
a recapitalization process. The first step will see the Company issuing
1 share of Esprit for every 1,000 shares currently outstanding. This
will be done by having the Company's Transfer Agent cancel all share
certificates currently outstanding, and reissuing new share
certificates to provide assurance that the public float accurately
reflects the true share position."
AKEENA SOLAR INCORPORATED (NASD: AKNS) "Up 43.84% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/AKNS.php
Akeena Solar, Inc. engages in the design, integration, installation,
marketing, and sale of solar power systems for residential and small
commercial customers in the United States. It principally focuses on
the design and integration of grid-tied solar power systems, which are
electrically connected to the utility grid so that excess energy
produced during the day flows backwards through the utility's electric
meter. The company also works on solar thermal or solar pool systems.
It serves commercial customers, including schools, and housing and
owner occupied businesses consisting of wineries and small commercial
offices, as well as residential customers, including high-income
professionals. Akeena Solar sells its products through print, Web, and
radio advertisements, as well as through participation in industry
trade shows, individual consultations with prospective customers, and
sales force. The company was founded in 2001 and is headquartered in
Los Gatos, California.
AKNS News:
January 2 - Akeena Solar Licenses New Solar Panel Technology to Suntech
Suntech to Distribute Andalay Panels in Europe, Japan and Australia
Akeena Solar, Inc. (NASD: AKNS), a leading designer and installer of
solar power systems, announced that its state-of-the-art solar panel
technology, Andalay, will be distributed in Europe, Japan and Australia
under a license agreement with Suntech Power Holdings Co., Ltd. (NYSE:
STP), one of the world's leading manufacturers of photovoltaic (PV)
cells and modules.
The terms of the Licensing Agreement authorize Suntech to distribute
Andalay in Europe, Japan and Australia commencing in January 2008. This
Licensing Agreement is in addition to Suntech's previous agreement to
manufacture Andalay solar panels.
Andalay solar-panel technology was envisioned by Akeena's CEO, Barry
Cinnamon, after years of rooftop solar installation experience and
customer feedback. "Andalay improves on conventional solar panels by
including built-in wiring, grounding and racking designed to provide
maximum rooftop performance for consumers while minimizing installation
costs for solar system installers. The result is a rooftop solar power
system with superior built-in reliability with outstanding aesthetics
in an all-black, streamlined appearance," said Barry Cinnamon.
"Moreover, an installed Andalay system uses 70 percent fewer parts and
requires 25 percent fewer attachment points than traditional solar
systems, meaning better long-term performance."
Len May, Suntech's Managing Director of BIPV Products, said: "Akeena's
new Andalay technology will be a valuable addition to our growing
portfolio of solar products and will help keep Suntech on the leading
edge of solar technology innovation. Andalay is a significant
innovation that directly addresses the need to reduce the cost of solar
systems, and we are confident that there will be significant demand for
this attractive and high performance solar solution in markets outside
of the U.S." Suntech targets sales of over 10MW of the Andalay solar
panels to the licensed regions in 2008.
"We welcome this expanded collaboration with Akeena Solar to introduce
this lower installed cost solution to international markets," said Dr.
Zhengrong Shi, Suntech's Chairman and CEO. "The innovative Andalay
panel is the perfect complement to our product offering and a clear
example of Suntech's efforts to support and promote products that bring
the industry closer to grid parity. This agreement will leverage
Suntech's product development expertise, flexible and low cost
manufacturing base, and robust global sales and distribution channels
to expand the availability of this important new solar innovation."
"We are delighted Andalay will be available in select countries outside
the United States through one of the world's leading manufacturers of
solar cells and panels," said Barry Cinnamon. "Suntech is the natural
partner to license this technology given their role in co-developing
and manufacturing the product, and their extensive international
distribution channels that are among the strongest in the industry.
Akeena Solar and Suntech also share a focus on quality and value. We
are experiencing very strong demand for Andalay, and this licensing
agreement with Suntech will allow us to meet our customer's needs for
Andalay outside of our direct channels in the U.S."
VISTA INTERNATIONAL TECHNOLOGIES (OTCBB: VVIT) "Up 38.46% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/VVIT.php
Vista International Technologies, Inc., a renewable hydrocarbon-based
waste-to-energy company, provides solutions to divert waste from
landfills and clean alternative energy to municipalities and
industries. It primarily focus on the proprietary patented technology,
the Thermal Gasifier, which is a multi-stage gasification system used
to convert hydrocarbon feedstock containing solids, such as used tires
or tire-derived fuel, municipal and industrial solid waste streams,
municipal sewage sludge solids, wood waste, and agricultural waste to a
synthesis gas comprised primarily of hydrogen, carbon monoxide, carbon
dioxide, and residual ash. The company's technology generates products,
such as heat, electricity, and synthesis gas; and byproducts, such as
carbon black, carbon dioxide, sulphur dioxide, nitrogen, and bottom
ash. Its Thermal Gasifier technology is used in creating energy
infrastructures; and building, owning, licensing, and operating
hydrocarbon-based waste-to-energy plants. Vista International
Technologies, Inc. also engages in tire derived fuel processing, which
provides an alternative fuel supply from waste tires. The company was
incorporated in 1996 as Ajax Reinsurance Limited and changed its name
to Nathaniel Energy Corporation in 1999. Later, it changed its name to
Vista International Technologies, Inc. in December 2007. The company is
based in Englewood, Colorado. Vista International Technologies, Inc. is
a subsidiary of Vista International, Inc.
VVIT News:
January 2 - Vista International Technologies, Inc. Updates Business
Activities in China
Vista International Technologies, Inc. (OTCBB: VVIT) provided an update
on the execution of its global development strategy with regard to its
activities in China.
The company has been actively pursuing waste to energy projects in
multiple provinces, as the combination of solutions available from VVIT
and its parent company, Vista International, Inc. have been well
received by Chinese officials. These solutions provide an opportunity
to reduce waste from being disposed of in landfills and helps decrease
their dependence on fossil fuels. Vista International, Inc. has
established a representative office in China to handle the procedures
involved with developing these projects.
VVIT believes that its Thermal Gasifier technology is a superior model
for the conversion of waste to clean energy streams. Our gasifier
system accepts a variety of feedstocks and converts them into various
forms of clean energy. While the current state of negotiations
precludes Vista from disclosing specifics of the projects, management
believes it appropriate to provide a general update to investors with
regard to the company's progress.
At the request of local officials in one northern city in China, the
company has submitted a proposal and obtained a letter of intent for a
project which would use its gasification technology to convert at least
2,250 metric tons daily of various waste materials (landfill waste,
straw, manures, coal waste, etc.) to clean renewable energy. In
addition, the company received signed letters of intent from two cities
in southern China to implement similar waste to energy solutions based
on the company's technology, and it is presently in discussions with
four other Chinese cities that plan to implement waste to energy
projects in the near future. The company plans to advance these talks,
as well as finalize others, when members of senior management travel to
China this month.
VVIT does all this with the purpose of "reducing the carbon footprint
one step at a time."
PARADIGM MEDICAL INDUSTRIES (OTCBB: PMED) "Up 27.78% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PMED.php
Paradigm Medical Industries, Inc. engages in the design, development,
manufacture, and sale of technology surgical and diagnostic eye care
products. Its diagnostic products include P55, P2200, and P2500
pachymetric analyzer; P20 and P2000 A-scan biometric ultrasound
analyzer; P37, P37-II, and P2700 A/B scan ocular ultrasound diagnostic
product; P40 UBM ultrasound biomicroscope; P45 UBM ultrasound
biomicroscope; P60 UBM ultrasound biomicroscope; BFA ocular blood flow
analyzer and disposables; CT 200 corneal topography system; LD 400
autoperimetry system; and TKS 5000 autoperimetry system. The company's
products also comprise Precisionist Thirty Thousand and Photon laser,
which have ocular surgery workstation with surgical equipment and
disposables. Paradigm's surgical products are systems for use by
ophthalmologists to perform surgical treatment procedures to remove
cataracts. It markets its products through direct sales
representatives, independent sales representatives, and ophthalmic
product distributors in the United States, as well as through a network
of dealers internationally. The company was founded in 1989 and is
based in Salt Lake City, Utah.
PMED News:
January 2 - Paradigm Medical Industries Completes $1 Million Financing
Paradigm Medical Industries, Inc. (OTCBB: PMED), the leader in glaucoma
diagnostic and management devices, announced it has completed the
funding of $1 million through a group of institutional investors,
headed by NIR Group (New York). A significant portion of the proceeds
will be used to fund the introduction, marketing and distribution of
new ophthalmic instruments and systems the Company plans to launch
during the first half of 2008.
"We will also use proceeds to grow our domestic sales force, to
increase direct and distributor sales force training, and to increase
inventories," said Paradigm Medical's Chief Executive Officer, Raymond
Cannefax. "Marketing our redesigned LD 400 Visual Fields and Blood Flow
Analyzer (BFA) products and introducing new devices and systems into
the ophthalmic market is one of our primary areas of focus in 2008."
Mr. Cannefax noted the Company already is filling a significant order
for LD 400s for one of the largest optical chains in the United
Kingdom, and has written commitments for additional LD 400 Perimeters
from the same chain. "We had a threefold increase in our sales
organization in late 2007 and will have a presence in additional
metropolitan areas. The new funding will allow us to introduce new and
updated diagnostic products and have a trained and highly competent
sales force to market and distribute them in 2008," Mr. Cannefax added.
The funding involves the purchase of $1,000,000 in secured convertible
notes by the investing group. The notes are to be purchased in
traunches, with the first traunche of $250,000 and then monthly
traunches of $100,000 each until a total of $1,000,000 in notes have
been purchased. Paradigm Medical received the first $250,000 upon the
signing of definitive agreements on December 24, 2007. The Company also
is required to issue warrants to the noteholders to purchase a total of
15,000,000 shares of common stock at an exercise price of $0.001 per
share.
Under the terms of the notes, the unpaid principal balance on the
notes, together with accrued interest at 8% per annum, is due in three
years from the date of issuance. The notes are also convertible by the
noteholders at any time into shares of common stock. The conversion
price of the notes is equal to the lesser of (i) $0.02 and (ii) the
average of the lowest intra-day trading prices during the 20 trading
days immediately prior to the conversion date discounted by 50%.
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