Dallas, TX 7/10/2009 11:13:12 PM
OTCPicks.com Daily Market Movers Digest Midday Report for Friday, July 10th MEXP, AFTC, PMDP, GNMT, ANTP
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Our Stocks to Watch today include Marine Exploration Inc. (OTCBB: MEXP), Alternative Fuel Technologies Inc. (OTC: AFTC), Plateau Mineral Development Inc. (OTC: PMDP), General Metals Corp. (OTCBB: GNMT) and Phazar Corp. (Nasdaq: ANTP).
For the complete newsletter please visit: http://www.otcpicks.com/daily-market-movers/index.php
For more in-depth coverage of small cap stocks visit http://www.otcpicks.com/microcap.htm
MARINE EXPLORATION INCORPORATED (OTC: MEXP)
"Up 5.88% in morning trading"
Company Profile: www.otcpicks.com/marine-exploration/marine-exploration-2.htm
Marine Exploration, Inc., a development stage company, engages in marine treasure hunting expeditions. It involves in the exploration and recovery of deep-ocean shipwrecks, including the marketing, sale, and distribution of recovered artifacts, replicas, merchandise, and books through various retail and wholesale sales channels. The company was incorporated in 1996 as Jenkon International, Inc. and changed its name to Multimedia K.I.D., Inc. in 1999. Later, it changed its name to SYCO, Inc. in 2006; and to Marine Exploration, Inc. in 2007. The company is based in Denver, Colorado.
ALTERNATIVE FUEL TECHNOLOGY INCORPORATED (OTC: AFTC)
Company Profile: http://www.otcpicks.com/alternative-fuel-technology.htm
Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel — dimethyl either (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.
PLATEAU MINERAL DEVELOPMENT INCORPORATED (OTC: PMDP)
"Up 120.00% in morning trading"
Plateau Mineral Development, Inc. specializes in the exploration and development of energy sources. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil.
GENERAL METALS CORPORATION (OTCBB: GNMT)
"Up 8.89% in morning trading"
General Metals Corporation is an aggressive junior minerals exploration and development company, based in Reno, Nevada. The Company is actively exploring its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District, Nevada. Permitting and Engineering for heap leach production is underway at the Independence Mine. The Company recently entered into an agreement to sell its 150 sq. km. mining concession for gold, diamonds and base metals in Ghana, West Africa for $1,000,000 in cash and stock and retains a royalty.
PHAZAR CORPORATION (NASDAQ: ANTP)
"Up 19.86% in morning trading"
Phazar Corporation, through its subsidiaries, engages in the design, manufacture, and marketing of antenna systems, wireless mesh network solutions, towers, support structures, masts, and communication accessories worldwide. The company’s products include military mesh radio wireless networking systems, ground to air collinear antennas, instrument landing antennas and towers, fixed system multi-port antenna arrays, tactical quick erect antennas and masts, shipboard antenna tilting devices, transport pallets, surveillance antennas, antenna rotators, positioners and controls, and high power broadcast baluns. It also offers commercial products, such as first responder emergency mesh radio systems and commercial mesh radio systems; panel, sector, and omnidirectional and closed loop telecommunications antennas; automatic meter reading, instrument scientific medical, cellular, paging, and yagi antennas; and guyed and self supported towers. The company provides its commercial wireless fixed and mobile antennas for instrument scientific medical, intelligent transportation systems, wireless Internet, wireless LAN, wireless local loop, fixed GPS, fixed wireless, and WiMax market applications. It primarily serves military and civil agencies, the U.S. government prime contractors, and commercial clients.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks has been compensated three thousand dollars by a third party (Emerging Markets) for MEXP advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for AFTC advertising and promotional services.
OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.
