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OTCPicks.com Stocks to Watch for Friday, April 10th BBDA, ZIPN, MTIZ, HRNF, MDOR
(M2 PressWIRE Via Acquire Media NewsEdge) Our Stocks to Watch tomorrow include Bebida Beverage Co. (OTC: BBDA), Zippi Networks Inc. (OTC: ZIPN), Metiscan Inc. (OTC: MTIZ), Heathrow Natural Food & Beverage Inc. (OTC: HRNF) and Magnum D'Or Resources Inc. (OTCBB: MDOR).
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BEBIDA BEVERAGE COMPANY (OTC: BBDA) "Up 100.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/BBDA.php
The company, formerly known as Fortis Enterprises, was founded in 2000 and is based in Casselberry, Florida. On Sept. 4, 2008, Renovo Holdings announced that the company had changed its name to Bebida Beverage Company and would be locating the base of the company's North American presence in Las Vegas, NV. Bebida Beverage Company hopes to concentrate operations on the bottled water and enhanced beverage markets of North and South America. Bebida's management will focus the company's business efforts within the United States and key target markets within Latin America.
BBDA News:
April 9 - Bebida Beverages Energized With New Ownership and Niche Product Line
Effective Immediately Bebida Beverages Has a New Owner and CEO
Brian Weber, co-founder and President of Potencia USA, LLC, has finalized a deal that will grant him full control of Bebida Beverages Company (OTC: BBDA). "I am very excited to have purchased a business model with a concept that is aligned with my long-term interests," said Weber.
"This is my first foray into publicly traded business and I am confident with my past experiences and corporate knowledge it will be a fantastic opportunity to grow Bebida shareholders' value," adds Weber. His executive management experience includes full ownership and operation of companies in industries such as Sanitation, Hospitality and Contracting. He is also a former NASCAR Team owner and NASCAR driver. "Now that the legal transaction is done, the first order of business will be the evaluation of Bebida Beverages' current line of products and their integration with Potencia's energy drink and otherwise with a current focus on Latino markets with a universal appeal."
Potencia USA, LLC is the owner of Potencia Energy Drink and its other products that are in development stages. Weber comments, "We feel these (beverage lines) can be incorporated into a single powerful brand and will be releasing details of our agendas in the coming weeks toward a sales/exposure campaign in several foreign countries as well as here in the U.S."
ABOUT POTENCIA ENERGY DRINK
Potencia Energy Drink is a 2-year-old Latin energy drink. Potencia is made with real fruit pulp concentrate that is imported from Mexico and Central America but recognized by Latinos from all corners of Mexico, Central America, South America and the Caribbean.
ZIPPI NETWORKS INCORPORATED (OTC: ZIPN) "Up 61.54% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/ZIPN.php
Zippi Networks, Inc., headquartered in San Jose, Calif. and founded in 2006, is a leading provider of mobile commerce applications that create jobs and enable Americans to recycle their "Clutter into Cash". This revolutionary business process has three US Patents Pending and promises to engage consumers with the ease of a toll free Hotline that takes the guess work out of pricing and selling items online. Zippi allows consumers of all ages to "Free Themselves" advanced mobile technology allows everyone an easy hassle free way of turning clutter into cash, recycling, and earning an income with the Zippi Network. The "Zippi Cash" mobile iPhone application is the first in a consumer line of products that provides appraisal information to an item owner prior to listing. Zippi Cash will also connect directly to the seller network to handle the entire transaction for those who wish to cash in without the hassle of actually listing and selling themselves. Zippi's mobile commerce applications allow the user to list items themselves and build income for a complete home based business in the palm of their hand.
ZIPN News:
April 8 - Zippi Receives Approval From Apple Computer and Zippi Cash iPhone Application Is Now Available for Download
Zippi Networks Inc. (OTC: ZIPN), a leading provider of mobile commerce applications that enable Americans to recycle their "Clutter into Cash," announced that the final review and approval has been granted by Apple Computer and its iPhone division, Zippi's latest mobile application is now available for download in the app store, Apple itunes and www.zippicash.com. Although the application has been live for only a short time, "Zippi Cash TM" has received the highest popularity rating available by the current rating system.
The "Zippi Cash" application turns an iPhone into an opportunity to generate income and recycle those hidden gems in the garage, closet and storage locker. The application provides the information needed to discover an items value by producing a mini-appraisal and results table. Based on results an item owner can choose to sell the items themselves or connect directly to the Zippi Network, who will get it sold for you.
Robert A. Rositano Jr. CEO Zippi Networks, Inc. stated, "Now that Apple has blessed our application so to speak, we can begin to distribute 'Zippi Cash' for user review and referral downloads. We will also deploy traditional marketing efforts to expose the opportunity that exists by simply downloading a ten dollar application, 'Zippi Cash' opens the door to tremendous income for a consumer and a product pipeline for the Zippi Network.
"Zippi connects buyers and sellers through our service network to assist no matter where their physical location, our affiliates earn a commission and item owners simply get a check."
METISCAN INCORPORATED (OTC: MTIZ) "Up 110.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/MTIZ.php
Metiscan, Inc. is a national provider of products and services that streamline the management and operation functions of diagnostic imaging facilities, radiology groups, in-office imaging groups, small hospitals and physician offices and is an operator of two diagnostic MRI facilities located in Corpus Christi, TX, and Pottsville, PA. Metiscan's keystone product is a web-based radiology information system that interfaces Radiology Information System (RIS), Teleradiology and PACS (Picture Archiving and Communication System) for its clients. Metiscan also provides information management and operations support for diagnostic imaging facilities through complete revenue cycle management, electronic health records or EHR, medical transcription services and functional training as needed.
MTIZ News:
April 8 - Metiscan Reports 2008 Fiscal Year End Financial Results
Announces Net Income of $1.4M
Metiscan, Inc. (OTC: MTIZ), a leading provider of products and services that streamline the management of diagnostic imaging facilities, today announced results for its fiscal year ended December 31st, 2008. Revenue for the year was $989,036, a 33% increase over the same period last year. Net Income was $1.4M during the year ended December 31, 2008 as compared to a net loss of $1.2M during the year ended December 31, 2007. The Company's positive Net Income for its 2008 fiscal year was predominately attributed to $2,326,355 in total debt forgiveness.
Due to the recent acquisition of the Company's two diagnostic imaging centers, located in Pottsville, PA and Corpus Christi, TX, the value of Metiscan's gross assets increased by $2.2M to a total value of $4.7M. Additionally, these 2 centers separately realized aggregate revenues of $2.34M. These numbers are not reflected in Metiscan's revenues and net income in the previous paragraph above nor in the Company's year-end financial statements for 2008 due to the December 31st, 2008 acquisition date.
Bryan A. Scott, President & CEO, stated, "Our team has made tremendous progress in improving Metiscan's financial condition and nurturing its keystone products and services. We accomplished the majority of the goals set forth by our board which has contributed to Metiscan's vast accomplishments."
Metiscan's management team accomplished the following goals in the fourth quarter of 2008:
* Acquired two diagnostic imaging MRI facilities through share-for-share exchanges.
* Renegotiated and received debt forgiveness for long-term liabilities with the Company's largest unsecured debtor for a total amount of $1.9 million.
* Upgraded Metiscan's Managed Services IT infrastructure and RIS/PACS software systems by relocating critical IT infrastructure to a new facility and by migrating all fax systems to 100% digital transmission.
* Reduced operating expenses by downsizing the Company's office space, minimizing and eliminating certain monthly expenses and obligations, outsourcing critical business software systems, and eliminating inefficiencies in the Company's workforce through layoffs of non-critical personnel.
* Hiring Iain Shigeoka, Ph.D., as the President & CEO, of Metiscan Managed Services. Dr. Shigeoka's experience lies in the development, production, release and management of enterprise software systems.
Metiscan's 2008 fiscal year financial results do not include revenues for its newly acquired diagnostic imaging center subsidiaries only its assets and liabilities. Furthermore, the Company's positive Net Income for our fiscal year end in 2008 was predominately attributed to $2,326,355 in debt forgiveness. Consolidated revenues and net income for all subsidiaries of the Company shall be included in the Company's next quarterly report.
HEATHROW NATURAL FOOD & BEVERAGE (OTC: HRNF) "Up 75.00% on Thursday"
Detailed Quote: www.otcpicks.com/quotes/HRNF.php
Heathrow Natural Food & Beverage, Inc., is a national distributor of natural food products such as Exfuze, a very popular botanical nutritional beverage and the Heathrow Natural line of Super Food Products. HNFB is based in Florida and generates revenue through online and call center sales as well as over 138 distributors nationwide. HNFB also owns WGL Entertainment, the producer of the WGL Million Dollar Shootout reality television series.
HRNF News:
April 9 - Heathrow Natural Food & Beverage, Inc. Announces Share Buy Back Program
HNFB to Allocate Thirty Percent of Revenues to Buy Back Outstanding Common Shares to Ten Percent of Authorized or Seventy Five Million
Heathrow Natural Food & Beverage, Inc. (OTC: HRNF) announced that it will initiate a common share buy back program allocating thirty percent of its future revenues to buy down its public float to seventy five million shares or ten percent of its authorized common shares. The company believes that its current share price is extremely under-valued given the explosive growth of its Exfuze botanical nutritional beverage, which is the fastest growing nutritional beverage in the country.
In addition, the July 13, 2009 airing of the WGL Million Dollar Shootout (www.wglmilliondollarshootout.com) on the Golf Channel will provide seven weeks of national exposure for HNFB and produce revenues exceeding $300,000. Complete details of the buy back program will be released shortly.
"We are now confident that with our debt under control and the outlook for the remainder of 2009 looking very optimistic, we will be in a position to return value to our shareholders and increase our market capitalization substantially," said Michael Pagnano, CEO, Heathrow Natural Food & Beverage, Inc. "The 100 Billion Wellness Industry is growing at 10% per year and the nutritional beverage sector is the largest segment of the industry at 27% of sales. We are very excited to be part of this industry and especially excited to be part of the world-class Exfuze team."
MAGNUM D'OR RESOURCES (OTCBB: MDOR) "Up 30.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/MDOR.php
Magnum d'Or Resources, Inc. focuses in operating in recycling and waste management sectors. It intends to develop facilities that produce rubber powders, thermoplastics, and thermoplastics elastomers. Magnum holds licensing rights to various patents that would allow rubber to be devulcanized, specialty blend EPDM powders, and EPDM compounds. The company was founded in 1999 and is based in Ft. Lauderdale, Florida.
MDOR News:
April 8 - Magnum/SRI Releases Phase II Results of Custom Compound Tests
Magnum D'Or Resources, Inc. (OTCBB: MDOR) releases Phase II Results of Next Generation Custom Compound Tests.
Phase II of Magnum/SRI Automotive Component trials have just been completed with the successful production of medium specification gaskets and hoses. The next phase of the Magnum/SRI trial and test regimen will feature the production of higher quality specification components with a wider variety of compounds. These tests are scheduled to be completed prior to full production capability of the Magog compounding lines. Work is underway to establish generic custom compounds for the automotive component industry. A variety of compound categories will be targeted for optimum results and cost effectiveness.
Gopi Sekhar, CEO of SRI stated, "Preliminary results have been a resounding success and we are optimistic about the next round of test results ascertained from the more rigorous real time tests scheduled to be carried out over the next several weeks. Magnum/SRI Custom Compounds will provide revolutionary cost effective eco-friendly materials to the ever increasing global compounding industry in the very near future."
Mr. Sekhar went on to say, "Our initial work has produced very promising results, both in large truck retread compounds and select Natural Rubber automotive compounds. In the case of retread compounds our challenge was to maximize cost reduction while keeping the compound within the minimum performance envelope demanded by European and North American retread manufacturers."
The tests utilized production crumb (size reduced mechanically to 40 mesh) to produce a custom compound that can be used as a partial substitution of raw material. The resulting material has met all preliminary performance parameters monitored during extensive tests and trials. This puts Magnum/SRI well ahead of the curve in terms of its projected timetable for compound development and bodes very well for accelerating Magnum/SRI viability and growth.
Mr. Sekhar also stated that, "It should be understood that this particular compound is targeted toward an enormous high volume market segment that is desperately in need of additional economic gain and increased profit margins. Compound suppliers and manufacturers engaged in this industry are already being squeezed by a highly competitive market that has gone through further pressure due to the recent economic conditions. Our newly developed compounds will fill this economic gap, as well as, provide the "green" attribute sorely needed throughout the industry."
According to a recent publication (Modertiredealer.com) "...the World Leaders in New Tire Sales totalled over $100 Billion in 2008. This is up from the total of roughly $90 Billion in 2007.
Furthermore, Magnum can very confidently expect to utilize the entire long term installed capacity of the Magog facility crumb production unit while attaining maximum value through economies of scale.
Our work with NR automotive compounds will be developed further to cover a wider application range, while moving into EPDM and Butyl compounds in later stages. These custom compounds, once fully developed, will make for very exciting developments for the automotive component compounders. Based on our most recent very positive and significant developments we will be proceeding to full production batch product trials much sooner than originally planned.
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