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OTCPicks.com: OTCPicks.com Stocks to Watch for Wednesday, January 2nd
AVAL, JADE, GNVN, WNBD, AVNT
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:02012008
Our Stocks to Watch tomorrow include Avalon Capital Holdings
Corporation (OTC: AVAL), LJ International Inc. (NASD: JADE), Geneva
Financial Corp. (OTC: GNVN), Winning Brands Corporation (OTC: WNBD),
Aventura Holdings, Inc. (OTCBB: AVNT).
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter, and Email Stock Watch Alerts
AVALON CAPITAL HOLDINGS (OTC: AVAL) "Up 63.16% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/AVAL.php
Avalon Capital Holdings Corporation, through its subsidiaries,
develops, markets and distributes high-performance trading software for
financial companies that engage in online trading. The Company offers
products related to the Foreign Exchange ("Forex"), the world's largest
capital market according to The Bank of International Settlements. For
additional information please visit www.avaloncapitalholdings.com or
email info@avaloncapitalholdings.com.
AVAL News:
December 28 - Avalon Capital Holdings Adds Contracts for Difference
'CFDs' to Trading Platform
Avalon Capital Holdings Corporation (OTC: AVAL) and its wholly owned
subsidiary, Traders Development LLC, announced the addition of the
financial instrument known as Contracts for Differences, or "CFDs", to
the Company's proprietary Avalon FX Pro 4.1 Trading Platform.
By introducing CFDs, Avalon Capital Holdings, and its wholly owned
subsidiary, Traders Development LLC, intend to broaden the range of
firms that will utilize the Avalon FX Pro Trading Platform. The trading
of CFDs has grown tremendously over recent years especially in the
European and Asian markets. According to industry research, CFD-related
hedging is estimated to account for more than 25% of the volume on the
London Stock Exchange. The Company foresees growth in CFDs to continue
as electronic trading becomes more accessible to individual investors.
In making the announcement, Mitchell Eaglstein, COO of the Avalon
Capital Holdings Corporation, stated, "We are offering CFDs in response
to market demand for the integration of CFDs with Foreign Exchange
Trading through a single trading platform. Furthermore, the Company
views CFDs as an opportunity to capitalize on recent growth trends in
the CFD market space and enhance the range of services provided to our
clients. In the future, we plan to add more trading instruments to the
Avalon FX Pro Trading Platform."
ABOUT TRADERS DEVELOPMENT, LLC
Traders Development, LLC is a financial software company based in
Irvine, California. Traders Development plans to be a leading
technology provider of foreign exchange trading and data solutions to
trading professionals and qualified organizations. Traders Development
also provides turn-key or customized solutions to qualified
organizations including dealing interface (or graphic user
interface-GUI), application program interface (API), back-office
processing, database, servers, technical support and upgrades. Traders
Development has developed and owns its proprietary Forex trading
platform, Avalon FX Pro. For additional information contact
info@tradersdevelopment.com.
LJ INTERNATIONAL (NASD: JADE) "Up 64.84% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/JADE.php
LJ International, Inc. and its subsidiaries engage in the design,
manufacture, marketing, distribution, and retail of precious and color
gemstones, as well as diamond jewelry. It specializes in offering
colored jewelry, which includes pieces set in yellow gold, white gold,
platinum, or sterling silver; and adorned with colored stones,
diamonds, pearls, and precious stones. The company's product line
includes earrings, necklaces, pendants, rings, and bracelets. It
distributes its products to fine jewelers, department stores, national
jewelry chains, and electronic and specialty retailers in North America
and western Europe. The company also involves in the retail of jewelry
through the ENZO brand in the Asia Pacific region. In addition, it owns
commercial and residential properties in Hong Kong, which are held
primarily for lease. LJ International was founded in 1987 and is based
in Hung Hom, Hong Kong.
JADE News:
December 28 - LJ International Announces First Half Fiscal 2007
Financial Results
LJ International Inc. (NASD: JADE) (LJI), a leading jewelry
manufacturer and retailer, announced financial results for the
Company's first six months ended June 30, 2007.
Revenues for the first six months ended June 30, 2007 totaled $67.16
million, up 34% from $50.10 million in the first six months of 2006.
Net income for the first six months ended June 30, 2007 was $1.83
million, or $0.08 per fully diluted share, up 60% on a per-share basis
from $0.95 million, or $0.05 per fully diluted share, in the first six
months of 2006. The majority of the rise in revenues for the first half
of 2007 was primarily due to the growth of LJI's ENZO retail division,
which currently has 93 retail stores in operation across Greater China.
LJI's overall gross profit in the first six months of 2007 rose to
$19.32 million, or 29% of revenues, from $13.10 million, or 26% of
revenues, in 2006 primarily as a result of the Company's higher-margin
ENZO revenue mix.
Selling, general and administrative (SG&A) expenses for the first six
months of 2007 totaled $15.06 million, up from $10.90 million in the
first six months of 2006. The increase was due to increased
advertising, rental, staffing and other costs stemming from ENZO's
increased store count as well as higher corporate-level expenses,
including legal and professional advisory services.
To be added to LJI's investor lists, contact Haris Tajyar at
htajyar@irintl.com or at 818-382-9702.
GENEVA FINANCIAL CORPORATION (OTC: GNVN) "Up 81.32% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/GNVN.php
Geneva Financial Corp. (formerly PMCC Financial Corp.) is a specialty
consumer mortgage banking company providing a broad array of
residential mortgage products mostly to prime credit borrowers seeking
conventional loans. Through its wholly owned subsidiary, Geneva
Mortgage Corp. (formerly PMCC Mortgage Corp.), the company currently
operates its mortgage banking activities through a wholesale loan
operation that originates loans through independent mortgage brokers,
and a retail loan operation that originates loans primarily through the
use of the Internet.
GNVN News:
December 31 - Geneva Financial Announces Private Investment Proposed
Change of Name and New Chief Executive Officer
Geneva Financial Corp. (OTC: GNVN), a specialty consumer mortgage
banking company, reported that, subject to approval by its Board of
Directors and stockholders, it intends to change its name to CAPGO
Financial Group Incorporated to reflect the more diversified lending
platform that the company and its subsidiaries intend to pursue. In
addition, the company's newly formed subsidiary, Progressive Real
Estate Solutions Corp. ("PRESCO"), intends to exploit opportunities in
the distressed, non-performing and foreclosed residential loan markets
and to originate loans in the hard-money and commercial sectors.
GNVN also announced that the anticipated name change follows recent
debt and equity investments aggregating $1,500,000 by West End Special
Opportunity Fund LP., a private equity investor, and certain
affiliates. The company anticipates, subject to certain conditions,
investment of an additional $500,000 by West End and/or such affiliates
in the near future. Based on the terms of existing stock purchase and
other agreements, it is also anticipated that, subject to certain
conditions, West End and/or such affiliates may invest up to an
additional $1,000,000 and would become a majority stockholder of the
corporation.
"In light of the company's business objectives, we believe that the
financial support of West End will accelerate the pace of the company's
business diversification in 2008" said Stanley Kreitman, Geneva's
Chairman of the Board.
Geneva also announced that it is anticipated that, subject to approval
by the company's Board of Directors, Robert Beller, a member of the
company's Board of Directors, will be 1956349-6 elected to the office
of Chief Executive Officer of the company. It is anticipated that Mr.
Beller will also serve as Executive Vice President and General Counsel
of West End.
Mr. Beller stated that " ... although 2007 was a challenging year for
the mortgage industry, our mortgage banking operating subsidiary moved
aggressively to adjust to market conditions, achieve efficiencies, and
to expand its offering of mortgage products. We see real opportunity in
the reverse mortgage and FHA loan sectors in 2008 and are pleased to
have gotten PRESCO started. While we remain cautious about the overall
mortgage environment, we are optimistic about our ability to grow and
to diversify the base of our business operations."
WINNING BRANDS CORPORATION (OTC: WNBD) "Up 95.45% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/WNBD.php
Winning Brands Corporation is an environmental company with a mission
to replace hazardous chemicals in widespread use with safer
alternatives. Its product range includes a variety of environmentally
responsible cleaning solutions, including the non-toxic SMART(TM) Wet
Cleaning Solutions alternative to Perchloroethylene used in Dry
Cleaning, KIND(TM) Laundry Products and others to be launched in
logical sequence in years to come.
WNBD News:
December 28 - Successful Initial Production at Surefil by Winning Brands
Home Depot Canada Aisle Displays of Winning Colours(R) Stain Remover
Being Filled
Winning Brands Corporation (OTC: WNBD) (www.WinningBrands.ca) reports
that initial production of its Winning Colours Stain Remover was
blended on schedule and without incident at the previously announced
new manufacturing facility in Grand Rapids, Michigan in December as
forecast. Surefil LLC of Grand Rapids, Michigan (www.Surefil.com), a
top rated custom manufacturing facility, was able to produce the first
1/2 truckload batch on December 27th in a fraction of the previously
required time, for packaging January 2nd and delivery to the
distribution pipeline during the first week of January. This initial
production was earmarked for use by Home Depot Canada to fill new
custom metal aisle display stands of Winning Colours Stain Remover for
testing at 100 stores; a merchandising concept requiring 9,240 32oz
bottles. The M.S.R.P. value of these bottles to consumers is
$91,938.00. Other stores to be announced in due course are also testing
a smaller number of these new merchandising displays.
Winning Brands and Surefil are treating their strategic relationship as
a model to illustrate the capabilities of both companies. In the case
of Winning Brands, this capability relates to the design of
environmentally progressive solutions that have profound long term
growth potential - and developing its branding strategies to justify
breakthrough relationships with top retailers. In the case of Surefil,
the capability being illustrated is super-efficient production capacity
utilization for the benefit of brand partners. In the words of Surefil
CEO Bill Hunt - "Surefil's carefully planned expansion will allow us to
keep up with Winning Brands capacity demands, in turn allowing them to
scale up to meet the needs of even the most senior retail chains in the
world. Currently, we have 125 million units of planned production
capacity with more than 50 million units of capacity already in use by
qualified brand partners like Winning Brands. If more capacity is
required, we will expand and install new production lines."
Winning Brands CEO Eric Lehner favours this form of production capacity
for the benefit of shareholders. "Our retail investors know that we
need to raise capital from the market. They will accept and support
this as long as the capital that we obtain is put to good use and grows
the value of our brands through marketing methods. This increases the
value of Winning Brands by a greater amount than the investment itself.
That is true growth. By letting Surefil apply their capital to be tops
in production expertise and Winning Brands apply its capital to be tops
in brand strategy development, then the stakeholders in both
organizations get the most for their money."
Winning Colours Stain Remover achieved initial distribution in the
Paint & Decorating sector as an eco-solvent that is exceptionally kind
to skin and to surfaces that would ordinarily be off-limits to
conventional solvents. Initial results from early marketing have
revealed that consumers have been expanding their uses of Winning
Colours Stain Remover into a wide range of additional applications.
Accordingly, Winning Brands has revised its label for 2008 to suggest
this wider range of uses at the point-of-sale and facilitate listing by
retailers in sectors beyond Paint & Decorating. Winning Colours Stain
Remover is being positioned to become North America's favourite stain
remover. Winning Brands has begun to use the phrase "Got Stains?" on
its merchandising, packaging and advertising of Winning Colours Stain
Remover to make the existence of stains and Winning Colours Stain
Remover an automatic association.
AVENTURA HOLDINGS (OTCBB: AVNT) "Up 50.00% on Monday"
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.
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