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Stocks That Stand Out For Nov. 5th, 2009 Are CCTR, HRRN, AMNP, GCHT
(M2 PressWIRE Via Acquire Media NewsEdge) Stocks That Standout For Nov. 5th, 2009 are China Crescent Enterprises, Inc. (OTCBB: CCTR), HE-5 Resources, Corp. (PINK SHEETS: HRRN), American Sierra Gold Corp. (OTCBB: AMNP), GC China Turbine Corp. (OTCBB: GCHT)
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China Crescent Enterprises, Inc. Announces Letter of Intent to Acquire China Radio Technology Ltd. Subsidiary With $20 Million in Anticipated Annual Revenue
DALLAS, TX, Nov 05, 2009 -- China Crescent Enterprises, Inc. (OTCBB: CCTR) of Dallas, Texas and China Radio Technology Ltd, a Hong Kong-registered company, today announced a letter of intent for China Crescent to acquire a China Radio subsidiary in Shenzhen. The China Radio subsidiary is anticipated to produce $20 million in annual revenue. China Radio is a mobile communication hardware and software company that develops and manufactures products for sale in China. Paul Danner, the CEO of China Crescent, is scheduled to be in China next week to develop the current terms of the non-binding letter of intent into finalized acquisition terms for a transaction expected before year end. China Crescent is scheduled to release a webcast next Thursday, November 12th to present more details on the China Radio Technology opportunity.
Corporate E-mail Updates To sign up to receive company updates or to obtain more information on the Company, please visit www.chinacrescent.com.
About China Crescent Enterprises, Inc. (www.chinacrescent.com) China Crescent Enterprises, Inc. reported over $40 million in profitable revenue in 2008. The Company 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.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause China Crescent's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.
HE-5 Resources, Corp. Announces: "All Together Now For Trading Barter Bank and United Business Traders To Win the Race"
NEW YORK CITY, NEW YORK, Nov 05, 2009 -- HE-5 Resources, Corp. (PINK SHEETS: HRRN) Today announced: "All together now for Trading Barter Bank and United Business Traders to win the race".
The Company Management and Venture Partners and Members have join forces to begin final sprint to Operational and Revenue generating stages. After having finalized many closings during the last 3 months and following the recent venue of equity partners and "Trading Barter Bank" Licensees, management has canalized the financial and buying power of the group to complete the final "GO TO MARKET" Steps.
Management had organized the first advisory board meeting over the week end with all of Company's new partners and founders, to set the "Trading Barter Bank" Launch Strategy, and to revise last Trading Platform software version features. The second meeting objective was to regroup everyone to commonly share each respective visions and goals while creating the fellowship business environment to have everyone focusing on the main target.
The plan comprises many strategic elements and tasks for each to achieve, and working plan to build equity and increase value by coordinating the schedule to simultaneous operational launch. The last objective was to have everyone committing to a pooling agreement, that included financial commitments and supporting the stock purchase program presented by HE-5 management. This agenda element has been very much appreciated and the vote in favor was unanimous.
Management indicated the following: "We have accomplished in 3 days, the tangible happenings of 3 years of work and visions. Considering traveling schedules, and filings considerations and legal approval needs, we have not published our weekly NewsLetter this past Monday. We will publish next Monday a special edition of our NewsLetter to unveil our complete program, and share our excitement with all." Mr. Rick DesOrmeaux CFO stated: "This is fun, and I am sure we will see an immediate response to our meeting in the market place. I trust that setting our clocks to the same time, will greatly impact on our shareholders value, and market cap rapidly. To my fellow Traders on our forum, I'd like to say I'll be back in the group this weekend." We are All Together Now and on board as "United Business Traders" Management will keep the shareholders informed and we invite you to visit our forum at www.unitedbusinesstraders.com and suggest you fill the online registration form to receive member packages.
You can visit our corporate web site at: www.tradingbartercorp.com Now Online "Trading Barter Blog" at www.tradingbarterblog.com Forward-Looking Statements Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Cohen Independent Research Group Issues a "Buy" Rating With a Target Price of $3.21 for American Sierra Gold Corp.
RENO, NV, Nov 05, 2009 -- American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce that Cohen Independent Research Group, Inc., Wall Street's leading independent fundamental research firm, has issued a research report on American Sierra with a "buy" recommendation and a long-term target price of $3.21.
For the full report please visit Cohen Independent Research Group's website, www.cohenresearch.com or visit American Sierra's website, www.americansierragold.com.
About Cohen Independent Research Group: Led by Paul Cohen, Cohen Independent Research Group is Wall Street's #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).
Cohen Independent Research Group includes nine PhDs (three with MDs), two MDs, six CFAs (chartered financial analyst), three with CPAs (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. For more information, readers can visit the company's website at www.cohenresearch.com.
About American Sierra Gold Corp.: American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (OTCBB: AMNP). Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp.'s website: http://www.americansierragold.com and to subscribe to the email newsletter.
Forward-Looking Statements The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
GC China Turbine Corp. Announces Close of Financing and Completion of Reverse Acquisition -- Company Now Moves Ahead as a Major Wind Turbine Manufacturer
NEW YORK, NY, Nov 05, 2009 -- GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China") is pleased to announce that pursuant to the previously announced Share Exchange Agreement the company is now the 100% owner of GC Nordic Group and has become a leading manufacturer of state-of-the-art 2-bladed wind turbines based in China.
The consummation of the share exchange transaction was contingent on a minimum equity financing of US$ 8,000,000. Clarus Capital Limited acted as lead placement agent assisting notable clean energy advocates Longboard Capital Advisors LLC in their participation as lead investors together with the support of Southridge Investment Group LLC's clean energy practice and network of renewable energy Investors across the USA and Northern Europe as well as the welcome efforts of many other qualified co-investors.
The financing was over-subscribed resulting in the purchase of 6,400,000 shares of common stock. Additionally, a debt financing transaction closed with Clarus Capital Limited in the amount of US$ 1,000,000, convertible into the Company's common stock at US$ 2.00 per share. The current investment along with the previously announced US$ 10 million round provides the Company with a combined capital raise of US$ 19 million for the issuance of an aggregate total of 18,900,000 shares.
The management of GC China Turbine Corp. is very pleased by the Company's ability to readily access investment capital and is further excited by its early stage sales performance and future growth opportunities. Recent contract announcements amounting to nearly US$ 128 million in sales and plans for the rapid development of newer and significantly more powerful turbines provides a strong fundamental platform from which to capitalize on GC China's innovative technology and unique market position. With the conclusion of the share exchange transaction and financing the Company now has the ability to forge ahead with strategic plans to solidify its position as a leading manufacturer in the rapidly growing and government mandated wind power energy sector in China.
Further details regarding the Company and details of the share exchange, debt and equity financing agreements along with further information about the business, financial condition and management of GC China and related parties are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.
About Longboard Capital Advisors LLC (www.longboardcapital.net) Longboard Capital Advisors invest in clean energy businesses. The company was created in 2006 when it became clear that one of the most effective ways to accelerate the move to cleantech and institute change would be to help capitalize cleantech companies that address global warming and security issues head on. Staying ahead of complex developments in clean technologies and markets allows Longboard Capital to provide focused investment advice to clients worldwide.
About Southridge Investment Group LLC (www.southridgellc.com) Southridge Investment Group LLC is a full service registered broker dealer and investment banking firm authorized to do business in all 50 states. The investment banking practice focuses on the sponsorship needs of small, medium and emerging growth companies as well as the needs of both institutional and individual investors interested in that segment of the market. The firm offers a full range of corporate finance services, including underwritings, M & A, financial advisory, valuations and private placements.
About GC China Turbine Corp. (OTCBB: GCHT) GC China is a leading manufacturer of state-of-the-art 2-bladed wind turbines based in Wuhan City of Hubei Province, China. The Company holds a license to manufacture a groundbreaking technology which meets rigorous requirements for low-cost and high reliability. The technology was developed through a 10 year European research project costing over US$ 75 million. GC China's launch product is a 1.0 megawatt ("MW") utility scale turbine with designs for a 2.3MW and 3.0MW utility scale turbine in development. The Company's initial efforts have been rewarded with contracts of approximately US$ 128 million to-date.
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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