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PennyPerformers.com: "Penny Stocks that Perform" picks are: CCSE, CLXS, OPMG, PRPM, RCTFF
Nov 21, 2008 (M2 PRESSWIRE via COMTEX) --
Pennyperformers.com "Penny Stocks that Perform" picks are: China Crescent Enterprises, Inc. (OTCBB: CCSE), Collexis Holdings Inc. (OTCBB: CLXS), Options Media Group Holdings, Inc. (OTCBB: OPMG), Propalms, Inc. (OTCBB:PRPM), Rochester Resources Ltd. (TSX VENTURE: RCT/OTCBB:RCTFF/FRANKFURT: R5I)...and Proudly Introducing Proprietary Push Technology (PPT).
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Nov 21, 2008 -- China Crescent Enterprises, Inc. (OTCBB: CCSE) conducted a Webcast this week to review third quarter and year-to-date financials for 2008. An archive of the Webcast is available at www.chinacrescent.com.
China Crescent reported $30.3 million in revenue for the first nine months of 2008 compared to $27.9 million in revenue for the same period last year. Notably, net income increased over 1,300 percent to $516,999 for the first nine months of 2008 compared to $36,010 for the same period last year. Management points out that the Company is still an early stage operation having only listed publicly through a reverse merger approximately two years ago. The net income increase is a healthy indication of the Company's improving maturity. Management is confident that the Company is on track to realize its forecasted $50 million 2008 revenue target. The Company historically reports the majority of its revenue in the second half of the fiscal year.
Additional Highlights from the Webcast Include:
-- Q3 and YTD financial results
-- Market wide share price decreases
-- 2008 Sales update
-- Managed services rollout
-- Continued focus on improved profitability and steadily increasing revenue
-- Emphasis on higher margin business sectors - managed services & hardware repair
-- Actively looking for new acquisitions in China, and potentially thrughout the rest of Asia
Further Information on China Crescent Enterprises
China Crescent is a U.S. corporation currently providing Information Technology infrastructure in China to both the private and public sector. The Company recently changed its name to better position itself in the Chinese market, and a Fact Sheet on the Company's updates and operations is now available.
If you are interested in receiving a copy of the Fact Sheet or to be added to China Crescent's e-mail database to receive company updates, please email or call China Crescent Investor Relations at ir@chinacrescent.com or 214-722-3065.
About China Crescent Enterprises, Inc.
China Crescent Enterprises, Inc. is a technology leader in the rapidly developing Chinese market specializing today in software engineering, high quality software development and digital multimedia outsourcing services delivered to customers globally. At the same time, the firm is a systems integrator and value added reseller of major global hardware brands in the Chinese domestic market.
Headquartered in Dallas with operations in Shanghai and Beijing, China Crescent bridges the gap between Western and Eastern business cultures to assist western clients in realizing the advantages of the high quality, low cost technology products and services available from China. China Crescent also assists Western clients in localizing products and services to realize the tremendous growth potential available by expanding into the Chinese Market.
Nov 21, 2008 -- Collexis Holdings Inc. (OTCBB: CLXS), a leading developer of semantic search and knowledge discovery software, announced today that Outsell, Inc. has named Collexis as one of its rising stars. Outsell, the only research and advisory firm focused on the publishing, information, and education industries, recognized Collexis for its expert profiling solutions that add value through data visualization and data processing - technology that is becoming an important part of information companies' core activities.
Collexis was recognized as one of five rising stars in the scientific, technical and medical information (STM) market based on its impact on traditional business practices through its ground-breaking technology.
"We are very pleased to be recognized as a key industry player in Outsell's 2008 Market Forecast and Trends Report for the STM market," said Bill Kirkland, CEO of Collexis. "This past year we have achieved many milestones in the life sciences and health care markets. As the market leader in knowledge expert profiles and grant management tools in the sciences, Collexis is well positioned to become a leading technology solutions provider in the STM industry for years to come."
About Outsell, Inc.
Outsell is the only research and advisory firm focused on the publishing, information, and education industries. Outsell's international team provides independent, fact-based analysis and actionable advice about competitors, markets, operational benchmarks, and best practices, so our clients thrive and grow in today's fast-changing digital and global environment. Outsell's headquarters are in Burlingame, CA, US and London, UK. For more information, visit www.outsellinc.com .
About Collexis Holdings, Inc.
Collexis Holdings, Inc., a leading developer of semantic search and knowledge discovery software is headquartered in Columbia, South Carolina (USA) with major operations in Cincinnati, Ohio, Geldermalsen, the Netherlands and Cologne, Germany. Collexis now offers the world's first pre-populated scientific social network for life science researchers, www.biomedexperts.com . Collexis' proprietary technology builds conceptual profiles of text, called "Fingerprints", from documents, Websites, emails and other digitized content and matches them with a comprehensive list of pre-defined "Fingerprinted" concepts to make research results more relevant and efficient. This matching of concepts eliminates the ambiguity and lack of priority associated with word searches. The results are often described as "finding needles in many haystacks." Through this novel approach, Collexis can build unique applications to search, index and aggregate information as well as prioritize, trend and predict data based on sources in multiple industries without the limitations of language or dialect. Collexis' current clients in the public, private and academic sectors include the Mayo Clinic; Johns Hopkins University; Dana-Farber Cancer Institute, the University of California, San Francisco; the University of South Carolina; Erasmus University Library; Bristol-Myers Squibb; Lockheed Martin; the World Health Organization; Wellcome Trust; the National Institutes of Health; and the U.S. Department of Defense. Shares of Collexis common stock are traded under the symbol CLXS on the OTC Bulletin Board (OTCBB).
Nov 21, 2008 -- Options Media Group Holdings, Inc. (OTCBB: OPMG), a leading email service provider ("ESP"), permission based email, sms/text messaging marketing, and lead generation company, today announced the appointment of Ronald Levine to the Board of Directors as an independent Board member.
Mr. Ronald Levine is an expert in the field of marketing and distribution. From 1983 to 2001, Mr. Levine was Founder and President of Universal Marketing Corporation, a national life and annuity marketing firm. Throughout his career, Mr. Levine earned numerous awards, from "Top National Personal Life Producer" to "Top National Life Insurance Marketing Firm." Mr. Levine's company Universal Marketing had a proven track record of success and became one of the top marketing companies for West Coast Life. In addition, he founded Universal Insurance Services of Florida. Mr. Levine successfully sold the company to a firm currently trading on the New York Stock Exchange. Mr. Levine is recognized as being a pioneer and an innovator in the marketing and distribution of life and annuity products on a national basis.
"Mr. Levine's extensive experience in the marketing and distribution arena will be a major asset as we continue to grow our business," stated, Scott Frohman, CEO. "He brings an added depth to our Board that will not only open doors in gaining clients but will also assist us in marketing our own products based on his strong marketing experience. Mr. Levine has valuable relationships throughout the capital markets and we are excited to have someone with his credentials assisting our Company as we continue to work diligently to maximize value for our shareholders."
"The entire management team of Options Media has done an incredible job in becoming an industry leader in a short time period," said Mr. Ronald Levine. "I am excited to join the Board of Directors and am eager to bring my experience with high growth technology companies to this organization. The relatively new email, sms/text messaging marketing sector is explosive and I am happy to be part of this growing industry."
About Options Media Holdings, Inc.
Options Media Group Holdings, Inc. is an email services provider for on-demand e-mail marketing to create, send, and track professional and permission-based e-mail marketing campaigns. Additionally, Options Media provides precision direct marketing solutions including email marketing, sms/mobile marketing, sms/keyword marketing, custom lead generation and creative services Options Media provides clients with access to software, hardware, bandwidth, and exclusive domains and IP addresses, as well as the ability to upload and manage subscribers, and review and upload campaigns and track results for a 360-degree full-service customer marketing solution.
Nov 21, 2008 -- Propalms, Inc. (OTCBB: PRPM) is pleased to announce that following its successful clearance to begin quotation on the OTC Bulletin Board, the Company will be implementing plans to move to a higher exchange, as stated during its nationwide teleconference held on November 20th. The nationwide teleconference featured Propalms' CEO, Owen Dukes, and President, Robert Zysblat. During the teleconference, Mr. Zysblat was able to point out that trading on a higher exchange would help Propalms increase shareholder value, expose the Company to a greater number of brokers and investors, as well as enabling Propalms to complete additional mergers and acquisitions. Mr. Zysblat also mentioned that Propalms will be holding their annual shareholders meeting in Orlando, Florida on January 30, 2009.
During the nationwide teleconference, Mr. Dukes discussed the significance of the Company's two new software products: the TSE 6.0 and Propalms' VPN. The TSE Version 6.0 has approximately 150 features and is compatible with Microsoft server 2000, 2003 and 2008 platforms. The product is easy to install and some of the features include Web-based management and a virtual desktop management tool. These features enable customers to virtualize PCs themselves. TSE 6.0 is one of the only terminal server management products that allow banks and financial organizations in Europe and the United States to be fully compliant with industry standards.
Mr. Zysblat explained that Propalms TSE 6.0 is cost competitive, cheaper to install and more "user friendly" than Citrix. These key features have provided Propalms a competitive advantage to convert former Citrix customers to Propalms over the past twelve months.
The Company's rebranded VPN product, which was acquired through the acquisition of vFortress, will provide secure remote access for small and large enterprises without any restrictions on the amount of users logging in remotely. Since the applications are managed centrally by Propalms VPN, operational costs are reduced and network security is improved.
Mr. Dukes mentioned that, to date, Propalms has approximately 3,000 clients and the Company is able to sell to clients from 5 to thousands of users. Propalms has several new distributors, which were recently signed, including Getech in the United Kingdom, YB Initiative and Products in Israel, Unidirect in Spain, ITBC in Poland, Liontech in Kenya, CR Connect in Costa Rica, TVG in Estonia, Teqdis in India and S-Inn in Germany. The Company is looking to double their worldwide distribution and has pending contracts for distributors in Holland, Sweden and India, as well as an additional signed distributor in Australia. The increase in the number of distributors has had a dramatic effect on Propalms' revenue along with a significant increase of business in their "pipeline."
"As we build and expand our distribution network worldwide, we are looking to increase our relationships with Independent Software Vendors (ISV) where Propalms' products will enable them to deliver their applications to any device in any location, even over the Internet. We are also continuing to focus on building on our relationships with key customers such as Toyota, Price Waterhouse Coopers and Toshiba," stated Owen Dukes, CEO of Propalms, Inc.
"The plans for the future of Propalms in 2009 are for the Company to continue to increase its customer wins, as well as renew maintenance on existing customers and growing the Company's revenue. It is the long term strategy of Propalms to eventually move to a higher exchange," stated Robert Zysblat, President of Propalms, Inc.
About Propalms, Inc.
Propalms, Inc. is a global provider of application delivery solutions for Terminal Services and Virtual Desktop Infrastructures. Delivering to enterprises of all sizes, Propalms offers reliable, scalable and affordable solutions that simply work. Our belief is that application delivery solutions should be flexible, dynamic and, above all, simple to use.
Nov 21, 2008 -- Rochester Resources Ltd. (TSX VENTURE: RCT/OTCBB: RCTFF/FRANKFURT: R5I) Dr. Alfredo Parra, President and CEO, is pleased to announce the results of the Company's Annual General Meeting of shareholders held on Wednesday, November 19, 2008. Messrs. Alfredo Parra, Nick DeMare, Marc Cernovitch, Lindsay Bottomer, Joseph Keane and Eduardo Luna were re-elected as directors for the ensuing year.
All items put forth at the meeting were approved by the shareholders, including an ordinary resolution to ratify the existing stock option plan.
At a directors meeting held subsequent to the shareholders meeting the directors appointed Mr. Alfredo Parra as President and Chief Executive Officer, Mr. Nick DeMare as Chairman, Mr. Jose Manuel Silva as Chief Financial Officer and Mr. Harvey Lim as Corporate Secretary.
The company is also pleased to announce that Joint Venture Agreements have been signed with E-Energy Ventures Inc. and Cooper Minerals Ltd. to each acquire an undivided 10% equity interest in Mina Real Mexico S.A. de C.V. and thereby acquire indirect interests in the Mina Real and Santa Fe Properties.
Pursuant to the Joint Venture Agreement, E-Energy Ventures Inc. and Cooper Minerals Ltd. will each have an Option to earn a 10% interest by each making payments of $1,475,000 and subscribing for 3,500,000 common shares of Rochester at a deemed price of $0.15 per share equaling $525,000 each.
Upon the exercise of the Option all Net Profit received by the Optionors from the Properties shall be divided on a 90% / 10% basis, between Optionor and Optionee, respectively. Furthermore the Optionee will be subject to a "Gross Overriding Advance Royalty" of $25,000 per month paid free and clear of any and all cost or expense incurred in connection with the operation of the Mina Real Property payable by the Optionor to Optionee.
Upon exercise of the Option by Optionee, the Optionee shall be deemed to have granted to the Optionor a Back-In Option, to re-acquire in whole and not in part the Equity Interest in Mina Real Mexico S.A. de C.V. The Back-In Option shall have a term of 3 years wherein:
- during year 1 the Back-In Option shall not be exercisable;
- during year 2 the Back-In Option shall be exercisable by a cash payment of $2,075,000; and
- during year 3 the Back-In Option shall be exercisable by a cash payment of $2,000,000.
A finders fee is payable on this placement and Joint Venture Agreement in cash, shares or warrants, or any combination of the foregoing.
The completion of the financings is subject to receipt of all applicable regulatory approvals and consents, including the approval of the TSX-V.
The proceeds of the financing will be used for the exploration and development of the Company's mineral properties and for general corporate purposes.
The Company may also elect to raise up to an additional $150,000 by way of private placement at $0.15.
"We are pleased to consummate this agreement during this challenging market environment. We believe this is reflective of the quality of the Rochester assets. The additional capital will allow us to further develop and produce from our Mina Real Project in a cost-effective and timely manner. We believe we will now have the capital necessary to reach our near term goals of producing positive cash-flow by accelerating our development and exploration programs while simultaneously executing on our long term mine plan by development and mining from multiple areas project-wide," stated Dr. Parra, President and CEO.
About Rochester Resources Ltd.:
Rochester represents a pure-play in the exploration, development and production of high-grade gold and silver properties located in Nayarit, Mexico. The Company is a niche player in Mexico which has assembled an attractive portfolio of properties in the Sierra Madre Occidental Range. This is the largest epithermal precious metal region in the world, hosting the majority of Mexico's large tonnage gold and silver deposits.
Rochester is well positioned to advance its Projects and can very quickly become a significant player in Mexico. Rochester has a strong senior management team based in Mexico, a workforce in place to advance its projects through to mine development.
ON BEHALF OF THE BOARD
Dr. Alfredo Parra, President and CEO
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