OPSY, ACCP, MRNJ, NVSR, GOHG, APDN, UNDT, PCAP, HRRN, BEHL, SNRR Daily Market Movers Digest Midday Report for Monday, August 3rd from OTCPicks.com
Our Stocks to Watch today include Optical Systems Inc. (OTC: OPSY), Access Pharmaceuticals Inc. (OTCBB: ACCP), Metatron Inc. (OTC: MRNJ), NavStar Technologies Inc. (OTC: NVSR), Alpha1 Security Inc. (OTCBB: GOHG), Applied DNA Sciences Inc. (OTCBB: APDN), Universal Detection Technology Inc. (OTCBB: UNDT), Patriot Capital Funding Inc. (NASDAQ: PCAP), HE-5 Resources Corp. (OTC: HRRN), Biocentric Energy Holdings Inc. (OTC: BEHL) and Super Nova Resources Inc. (OTC: SNRR).
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OPTICAL SYSTEMS INCORPORATED (OTC: OPSY)
Detailed Quote: http://www.otcpicks.com/quotes/OPSY.php
Company Profile: http://www.otcpicks.com/optical-systems/optical-systems.htm
Optical Systems, Inc., through its operating subsidiary, Automotive Software Designers, Inc., develops technology and services for the automotive retail industry designed to maximize productivity and increase profits at auto dealerships. ASDI's flagship technology solution, Save-a-Deal, is a turnkey customer relationship management (CRM) tool for auto dealerships. Our business development center (BDC) provides a variety of services designed to help auto dealerships drive traffic to their showroom or Web site, retain customers and generate new streams of revenue.
OPSY News:
July 29 - Optical Systems, Inc. Launches Cutting-Edge GPS System for Auto Dealerships More Robust Than LoJack
Optical Systems, Inc. (OTC: OPSY), a leading provider of software and services for the automotive retail industry today announced the launch of Save-a-Car GPS, a cost-effective, global positioning system for auto dealerships to monitor and track inventory.
"Save-a-Car is a low-cost, robust tracking system that represents a huge market opportunity for our company," said B.J. Grisaffi, CEO of Optical Systems, Inc. "There has been a lot of enthusiasm, excitement and positive feedback about Save-a-Car from dealerships. In today's market, dealers need scalable products that have a solid return on investment. Save-a-Car is a state-of-the art GPS system that helps dealers track inventory and maximize profit potential like never before. This small, covert system can be sold to the customer as a theft and tracking device that is much more robust than LoJack and available with no monthly fee. Our system works nationwide, where LoJack only works in certain areas," said Grisaffi.
In addition to offering superior tracking capabilities, Save-a-Car also allows drivers to save up to 35 percent on their insurance premium when installed.
Growing usage in automotive and consumer applications is propelling the mobile location technologies market, which is forecasted to grow at a CAGR of more than 20 percent to cross US$ 75 Billion by 2013, says "World GPS Market Forecast to 2013," a new market research report by RNCOS.
"We already have more than 30 dealerships enrolled in our Save-a-Deal and
Save-a-Car is currently available through the Company's operating subsidiary, Automotive Software Designers.
ACCESS PHARMACEUTICALS INCORPORATED (OTCBB: ACCP)
"Up 6.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ACCP.php
Company Profile: http://www.otcpicks.com/access-pharmaceuticals/access-pharmaceuticals.htm
Access Pharmaceuticals, Inc. is an emerging biopharmaceutical company that develops and commercializes propriety products for the treatment and supportive care of cancer patients. Access' products include ProLindac™, currently in Phase 2 clinical testing of patients with ovarian cancer, and MuGard™ for the management of patients with mucositis. The company also has other advanced drug delivery technologies including Cobalamin™-mediated targeted delivery and oral drug delivery, its proprietary nanopolymer delivery technology based on the natural vitamin B12 uptake mechanism; Angiolix®, a humanized monoclonal antibody which acts as an anti-angiogenesis factor and is targeted to breast cancer; and Thiarabine, a new generation nucleoside analog which has demonstrated both pre-clinical and clinical activity in certain cancers.
ACCP News:
August 3 - Access Pharmaceuticals Provides Update on ProLindac Clinical Development Program
Enrolling Ovarian Cancer Patients in
Access Pharmaceuticals, Inc. (OTCBB: ACCP), provided an update on its clinical development strategy for ProLindac, a novel DACH platinum drug that has shown to be active in many solid tumors in human clinical studies. Access has commenced a new clinical study of ProLindac in
ProLindac is a novel DACH platinum drug that has shown to be active in many solid tumors in human clinical studies. Platinum drugs are one of the most clinically and commercially successful class of chemotherapies and generated more than $3 billion in revenue globally in 2008. Access believes that ProLindac, as a well-tolerated and active DACH platinum, represents a important improvement in the design and tolerability of platinum chemotherapies.
Later this month, an Access management and clinical development team is meeting with Access' partner, Aosaikang Medicinal Group (ASK) and several key oncology opinion leaders to finalize plans for ProLindac development in China. In addition, Access is meeting with its Korean partner, JCOM of Seoul, South Korea to finalize development plans in that territory. Access believes that three ProLindac combination trials will start shortly upon regulatory approvals of protocols in both
"Our Chinese partner, ASK, has made great progress on manufacturing scale-up of ProLindac and advancing the Regulatory process with the SFDA. We are excited about finalizing protocols with ASK and the leading oncologists in
Access intends to design all clinical studies of ProLindac in accordance with FDA standards and intends to use the clinical data from all three planned clinical trials in the Far East to further development in North America and
Access is currently in discussion with potential partners for development and commercialization of ProLindac in additional territories.
ABOUT PROLINDAC™
ProLindac is a novel DACH platinum prodrug which has been shown to be active in a wide variety of solid tumors in both preclinical models and in human trials. Access believes that ProLindac's unique molecular design potentially could eliminate some of the toxic side effects seen in the currently marketed DACH platinum, Eloxatin, which has sales in excess of $2 billion. Access has previously announced that it has licensed ProLindac to Aosaikang Medicinal Group ("ASK") for the Greater China Region and to JCOM, Ltd for
METATRON INCORPORATED (OTC: MRNJ)
Detailed Quote: http://www.otcpicks.com/quotes/MRNJ.php
Company Profile: http://www.otcpicks.com/metatron-inc.htm
Metatron Inc. is a diversified internet holding company with a mission to harness the power of today's online and wireless consumer interactivity to make daily life easier, more productive and more entertaining for people all over the world. Our objective is to acquire high potential internet properties and to monetize those operations based on our extensive experience and knowledge of Web 2.0, the second generation of web development and design that facilitates nearly-universal communication, secure information sharing, interoperability, and collaboration on the web.
MRNJ News:
August 3 - Metatron Inc. Announces Letter of Intent to Acquire Just Data Inc.
Credit Card Processing Partner Expected to Add Significant Revenue Stream
Metatron Inc. (OTC: MRNJ) announced that it has entered into a Letter of Intent (LOI) with the shareholders of Just Data Inc., a Delaware corporation, to acquire 100% of the outstanding common stock and make Just Data a wholly owned subsidiary of the Company. The acquisition is expected to close in early September but specific terms were not disclosed.
Just Data, Inc. is an Internet Payment Service Provider (IPSP) that enables merchants to accept payments online. Just Data's flexible solutions process credit cards, electronic checks, and telephone orders, and work with any business model, including internet, broadband, wireless, call centers and even retail establishments. The heart of the Company's strategy with Just Data lies in its ability to scale quickly and leverage Metatron's existing front-end sites and applications, but it is also focused on:
* Creating recurring and predictable revenue streams.
* Maintaining a merchant focused culture.
* Fostering a scalable operating structure.
* Utilizing the latest, advanced technology.
Commenting on the potential acquisition, Joe Riehl, CEO of Metatron, stated, "It's no secret that credit card processing is a huge market. We partnered with Just Data some time ago as it was a natural fit with our business model. Since monetization is the key to our success, it is more important than ever that we not leave any potential revenue on the table.
"The interesting thing that we are seeing now, however, is that while we originally worked with Just Data only with our sites and services, we now have potential contracts in the works just for transaction processing, which we expect to announce soon. In other words, we anticipate that Just Data will prove itself to be a solid, stand-alone revenue generator and will be very happy to welcome them into our team."
NAVSTAR TECHNOLOGIES INCORPORATED (OTC: NVSR)
"Up 5.35% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NVSR.php
Company Profile: http://www.otcpicks.com/navstar-technologies/navstar-technologies.htm
NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.
NVSR News:
July 31 - Distribution Agreement Between NavStar Technologies and Anything Trucker for US Represents an Upside of $30M in Hardware and Service Revenue
NavStar Technologies, Inc. (OTC: NVSR), a multinational firm focused on developing and commercializing asset tracking and monitoring devices for vehicles and high value cargo, announced that the progress from Letter of Intent (LOI) to formal distribution agreement is moving faster than expected.
NavStar announced on Wednesday, July 29, that they would partner with Anything Trucker, a transportation marketing unit of Anything Brands Online, Inc. (OTC: ANYT), to sell and distribute their products in the US. Both companies believe they have a unique opportunity to leverage Anything Trucker's existing sales force and knowledge of the trucking industry with NavStar's Vehicle Tracker and collectively can deliver services to the trucking industry that have been unavailable in the past.
Tim Norton, President, Anything Trucker, stated, "We offer many safety and security products today and with NavStar providing monitoring and tracking and a communication link to the vehicle we can now enhance the products and services to include 'real time' reporting. This is huge to the small to medium size trucking companies. In today's economy sending an invoice out the same day versus three or four days later is significant. The annual cost of this product and service will pay for itself in 2 or 3 months."
"NavStar Technologies is pleased with the excitement at Anything Trucking as evidenced by their desire to get the distribution agreement completed ASAP. If we were to achieve .0005% penetrate in the US trucking market it would double our forecast of unit sales over the next four years and could add more than $30M of hardware and service revenue into our company," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "We are negotiating the final details of the distribution agreement and should be able to complete it my the first week in August."
ALPHA 1 SECURITY INCORPORATED (OTCBB: GOHG)
Detailed Quote: http://www.otcpicks.com/quotes/GOHG.php
Company Profile: http://www.otcpicks.com/global-holdings/global-holdings.htm
Alpha1 provides Internet based (IP) data security services as well as develops and markets software and microprocessor-based products. Alpha1's primary data security products use an advanced form of computer security technology referred to as public key infrastructure (PKI) which enables Alpha1's products to integrate. Alpha1 is an approved NSA C-2 classified contractor.
GOHG News:
August 3 - Alpha1 Security Provides Details On $75 Million Agreement With Karamco Inc.
Alpha1 Security Inc. announced on July 30 an agreement with Karamco Inc. to provide secure communications to the government of
Alpha1 provides Internet based (IP) data security services as well as develops and markets software and microprocessor-based products. Alpha1's primary data security products use an advanced form of computer security technology referred to as public key infrastructure (PKI) which enables Alpha1's products to integrate. Alpha1 is an approved NSA C-2 classified contractor.
APPLIED DNA SCIENCES INCORPORATED (OTCBB: APDN)
"Up 20.77% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/APDN.php
APDN sells patented DNA security solutions to protect products, brands and intellectual property from counterfeiting and diversion. SigNature DNA is a botanical mark used to authenticate products in a unique manner that essentially cannot be copied. APDN also provides BioMaterial GenoTyping™ by detecting genomic DNA in natural materials to authenticate finished products. Both technologies protect brands and products in a wide range of industries and provide a forensic chain of evidence that can be used to prosecute perpetrators.
APDN News:
August 3 - Applied DNA Sciences Selected for Multi-Year Contract
Spearheads Green DNA Anti-Counterfeit Program for the
Applied DNA Sciences, Inc. (OTCBB: APDN) announced that its SigNature DNA Anti-Counterfeit technology has been selected as the sole security platform in a program funded by the European Regional Development Fund (a fund allocated by the European Union) and Yorkshire Forward. SigNature DNA applications will include the protection against counterfeiting and diversion of
APDN is one of four innovative platform technologies chosen to help accelerate the Yorkshire and
"The SigNature DNA Anti-Counterfeit program was selected because it offers immediate and significant competitive advantage to the
Based on the successful completion of its Trial UK Textile contract that was completed in December 2008, this extends APDN's current collaborations with Yorkshire and the Humber-based companies as part of a three-year, £5.95 million (USD$9 million) contract funded by the European Regional Development Fund and Yorkshire Forward with the Textile Centre of Excellence and Leeds University's Centre for Technical Textiles. In addition, capital equipment allocations for a DNA Authentication facility located in
The DNA Anti-Counterfeit program will support pilot studies and commercial scale-up of APDN's SigNature DNA taggants. It is anticipated that the multi-year program will fund approximately 20 projects per annum. In the first year, more than 25 commercial partners have already been identified. APDN expects the financial implications to be multifaceted. The company has already begun coordinating supply arrangements with several collaborators in Yorkshire, including Addmaster and Nilorn
"Yorkshire Forward is very pleased to invest in new platform technologies that will foster growth and, ultimately, reap positive economic benefits to the Yorkshire business community, and the
In April 2009, APDN established an initial DNA testing capacity at the Textile Centre of Excellence by APDN's subsidiary, Applied DNA Sciences Europe Ltd. The facility is expanding the customer base for APDN's two DNA authentication programs, SigNature DNA and BioMaterial GenoTyping™. SigNature DNA is a botanically derived marker employed to identify originals. Recently, the facility was used to complete forensic analyses on recovered evidence for multiple UK Police groups that will be used to convict criminals who steal cash-in-transit boxes, and to repatriate recovered SigNature DNA-marked money to its original owners.
APDN's CEO, Dr. James Hayward, added: "We are immensely proud to be a significant part of this regional development contract that will involve a wide range of potential projects based on our SigNature DNA Anti-Counterfeit Program. Our European subsidiary, centered in the
UNIVERSAL DETECTION TECHNOLOGY (OTCBB: UNDT)
"Up 7.27% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UNDT.php
Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the company, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products.
UNDT News:
August 3 - Beacon Equity Issues Trading Outlook for Universal Detection Technology
BeaconEquity.com announces an investment report featuring bioterrorism detection devices maker Universal Detection Technology (OTCBB: UNDT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Universal Detection Technology (OTCBB: UNDT) should be of particular interest to other scientific manufacturing companies: Cepheid (Nasdaq: CPHD), Northrup Grumman Corp. (NYSE: NOC), and Thermo Fisher Scientific Inc. (NYSE: TMO).
It is available at www.beaconequity.com/i/UNDT.
Universal Detection Technology (UNDT) is a developer, manufacturer and marketer engaged in the bioterrorism detection devices market in the
In the report, the analyst notes:
"The Company has licensed a spore detection technology from NASA's Jet Propulsion Laboratory and has developed a unique device capable of detecting abnormal levels of spores in the air in real-time, which can be an indication of a possible anthrax attack.
"Demand for bioterrorism defense products is expected to grow by 6% per year and is expected to reach $13.4 billion by 2010 in the
PATRIOT CAPITAL FUNDING INCORPORATED (NASDAQ: PCAP)
"Up 88.81% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PCAP.php
Patriot Capital Funding, Inc. (www.patcapfunding.com) is a specialty finance company primarily providing customized financing solutions to private equity sponsors focused on making investments in small- to mid- sized companies. Patriot Capital Funding typically invests in companies with annual revenues generally ranging from $10 million to $100 million that operate in diverse industry sectors. Investments usually take the form of senior secured loans, junior secured loans, and/or subordinated debt investments — which may contain equity or equity-related instruments. Patriot Capital Funding also offers "one-stop" financing, which typically includes a revolving credit line, one or more senior term loans and a subordinated debt investment. Patriot Capital Funding also makes equity co-investments of up to $3.0 million.
PCAP News:
August 3 - Prospect Capital Agrees to Acquire Patriot Capital for $197 Million, or 54% of Equity Book Value
Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced that it has entered into a definitive agreement to acquire Patriot Capital Funding, Inc. (NASDAQ: PCAP) ("Patriot").
Prospect is acquiring Patriot for $197 million, comprised of (a) cash to repay all Patriot debt, anticipated to be $110.5 million when the acquisition closes, plus (b) Prospect shares exchanged at a ratio of approximately 0.3992 Prospect shares for each Patriot share, or 8,616,467 Prospect shares for 21,584,251 Patriot shares, with such exchange ratio decreased by any tax distributions Patriot may declare before closing.
The acquisition, unanimously approved by both of Prospect's and Patriot's Board of Directors, is expected to close in the next 60 days. The acquisition is subject to Patriot stockholder approval and other customary closing conditions. Patriot's shareholders will own 15% of Prospect's outstanding shares pro forma for the acquisition, so Prospect shareholder approval is not required.
Prospect believes the benefits of the acquisition for its shareholders include, but are not limited to:
* Accretion: Prospect expects the Prospect shares issued to generate 64 cents per share per quarter of net investment income, which would be accretive to Prospect at 10 cents per share per quarter across all Prospect shares pro forma for the acquisition. Prospect expects to generate a more than 20% IRR and 2x cash-on-cash return on the Patriot acquisition.
* Attractive Price: Prospect is acquiring Patriot for 63% of asset cost, 75% of asset book value, and 54% of equity book value. Purchases of assets below book value, if such assets have existing leverage, imply even greater discounts to equity book value. Prospect's purchase price, assuming Prospect has to pay 100 cents on the dollar for the debt financed portion of the Patriot portfolio, translates into 54 cents on the dollar for the equity portion.
* Synergy: Because Patriot has been in default without forbearance from its lenders, creating a risk of lender foreclosure eliminating Patriot equity value, and because Patriot has ceased its dividend, Patriot's stock price has traded at significant discounts to net asset value. Prospect's acquisition, which pays off Patriot's existing debt, enables both a premium to the Patriot share price as well as a discount to Patriot net asset value, unlocking value for mutual shareholder benefit.
* Scale: With this acquisition, Prospect's gross assets increase by more than 35% and equity capitalization increases by more than 14% without incurring underwriting costs associated with a stock offering. Prospect expects this greater scale to enhance daily trading volume, increase Prospect's attractiveness to lending institutions, and expand access to investment opportunities, including both individual transactions as well as portfolio purchase opportunities similar to Patriot.
* Diversification: Prospect will double its number of portfolio companies to over 60 by adding approximately 30 companies located in 13 U.S. states and covering 18 industry sectors.
* Seniority: 70% of the acquired asset value is in portfolio companies where Patriot has a senior secured position in the capital structure.
* Private Equity Sponsor Expansion: Patriot has pursued a strategy of lending to middle market private equity sponsors. With this acquisition, Prospect deepens its presence in the sponsor marketplace, building on Prospect's own sponsor business in addition to Prospect's direct lending and controlled buyouts.
* Low Leverage: On a combined basis, Prospect's debt to equity is expected to be less than 20%.
* Tax-free: The acquisition is expected to be considered a tax-free reorganization under the Internal Revenue Code.
All amounts set forth herein are estimates subject to change.
"The Patriot acquisition is a perfect example of our previously stated strategy to go on offense in the current opportunity-rich marketplace in which competitors have faltered with overleveraged balance sheets," said M. Grier Eliasek, President of Prospect. "We are pursuing other move-the- needle portfolio opportunities similar to Patriot in addition to continuing our work on individual transactions."
"We are pleased to be completing with Patriot the first of what we hope will be multiple strategically compelling acquisitions to drive superior value to our shareholders," said John F. Barry III, Chief Executive Officer of Prospect. "We would not have signed this agreement but for the creativity, drive, and persistence of Grier Eliasek, and his team, focusing and executing on this wonderful opportunity for Prospect and Patriot. We look forward to having Richard Buckanavage and other Patriot professionals join our team."
Skadden, Arps, Slate, Meagher & Flom LLP served as Prospect's legal counsel in connection with the transaction and related matters.
FBR Capital Markets & Co. served as financial advisor to Patriot in connection with the transaction, and Sutherland Asbill & Brennan LLP served as Patriot's legal counsel in connection with the transaction and related matters.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 (the "1940 Act"). Prospect is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to Prospect could have an adverse effect on Prospect and its shareholders.
HE-5 RESOURCES INCORPORATED (OTC: HRRN)
"Up 369.23% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HRRN.php
HE-5 Resources Corp. engages in the explorations of mineral properties in
HRRN News:
August 3 - HE-5 Resources, Corp. Announces Being in Final Stages of Closing the Sale of Another Exclusive 'Trading Barter Bank' Franchise License, for the Hispanic Market Segment
HE-5 Resources, Corp. (OTC: HRRN) announced that management is in final stages of closing the
The Company will soon release a Spanish version of its corporate Web site.
Management indicated that negotiations are now completed and Companies are finalizing the last details of their respective valued considerations, and due diligence finalities of the agreement such as; dates, payments and delivery. The assigned territories will be revealed when the final binding agreement is signed, in order to preserve the confidentiality of the parties.
The imminent sale of a second Exclusive Franchise License of the "Trading Barter Bank", clearly demonstrates its commercial viability attributes, and significant market interest for this new business model. The "Trading Barter Bank" team has accelerated the release of the Spanish version of its Web site and corporate documentation. HE-5 will publish the information within a couple of working days, for the usage and benefit of its new business partners, and to better serve our shareholders and members.
Corporate Notification: The Company recently filed corporate disclosure documents and financial information in preparation of this week final filing to become Current Information. We invite our shareholders to see HE- 5 filings and Information on Pink Sheets at www.pinksheets.com.
ABOUT "TRADING BARTER BANK"
Trading Barter Bank is our Company's core business Flagship Project. This exclusive Virtual Transactional Platform offers unique and proprietary features for secured transactions of sales of products and services, for which the members can pay for in cash or in Trading Barter Dollars.
The intuitive software platform has been conceived on a modular base to allow integration of open source information and multiple linkages to partners and co sponsors content to provide fast and environment is the main traffic generator regrouping pools of knowledge and services and daily offers to active and working entrepreneurs and workers.
This redeemable service environment, compiles the active information of profiles on many data bases, and directs series of Reactive information back to the member. Joining TB Bank will enable you to integrate a large Business Community providing multiple openings and opportunities, made instantly available for our Member information or needs, on a first class and state of the art international Trade Commerce Exchange and Service Hub.
BIOCENTRIC ENERGY HOLDINGS INCORPORATED (OTC: BEHL)
"Up 27.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BEHL.php
BioCentric Energy, Inc. is dedicated to the development of new technologies as well as acquiring and fostering companies with innovative technologies designed to provide unique and effective green energy solutions for the 21st century. Along with the cultivation of important relationships and partnerships with synergistic entities, BioCentric Energy has devoted substantial time and effort in research and development in order to bring a range of innovative green alternatives to the marketplace.
BEHL News:
August 3 - Biocentric Energy Holdings Negotiating Exclusive Manufacturing License With Asian Corporation
Biocentric Energy Holdings, Inc. (OTC: BEHL) announced the company is in serious negotiations of an exclusive licensing agreement for the manufacture and use of Biocentric's Patent Pending Algae Pro Closed loop Photobioreactor System in
Biocentric President Dennis Fisher today announced the company is in serious negotiations for the exclusive licensing of the closed loop photobioreactor system, with an Asian country. The terms of the negotiations, the licensing fee and the country in question are to remain confidential at this time. Mr. Fisher also indicated the exclusive licensing fee for the entire country was a significant amount and that a consummated contract is anticipated during August 2009.
Company COO Mr. Dennis Shen returned from
Following updates for the production and ALGAE harvesting for the company's onsite closed loop Photobioreactor system. The 1800 square feet closed loop Photobioreactor is fully operational and the initial harvest of the ALGAE culture is expected sometime next week. The company plans to produce a Biodiesel sample product from this initial harvest and initiate lab testing of the Biodiesel fuel samples to calculate the emission reductions of a diesel engine operating on the ALGAE based Biodiesel fuel. The results of the test will be made available by Press Release and the company's website.
Mr. Shen will be returning to
Dennis Fisher, Company President, today commented, "Emerging Green Companies today released a 3 part interview on their website which is a detailed introduction to how ALGAE is produced, harvested and the products' end use contributing to a future all 'Green' environment."
SUPER NOVA RESOURCES (OTC: SNRR)
"Up 53.93% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SNRR.php
Based in
SNRR News:
August 3 - Greenlink Interactive to Enter $30B International Wire Business
Jim Wheeler, CEO of Super Nova Resources (OTC: SNRR), announced a joint venture with Sovereign Card Services (www.sovereigncardservices.com) to develop PODS (point of decision systems) that will allow the sender and recipient to see each other "LIVE" during the banking transaction. These PODS will be deployed in high traffic retail locations such as grocery stores, malls, mini marts and major retail stores worldwide. Jim said after the meeting, "I am excited about the future and the ability Greenlink Interactive and Sovereign will have to reconnect families throughout the world."
Currently, immigrants who live at the
ABOUT SOVEREIGN CARD SERVICES INC.
Sovereign Card Services provides both VISA or MasterCard which are secure, full service debit cards, providing cardholders with ready access to cash at millions of ATMs worldwide and which enable cardholders to conveniently pay for purchases at retailers everywhere. In addition Sovereign cards provide secure, low cost, convenient transfer of funds to relatives and loved ones through Sovereign's "Companion Card" program. Sovereign Debit Cards are easy to load, whether by cash, direct deposit, wire transfer, money order.
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Disclosure: OTCPicks.com has been compensated one hundred thousand free trading shares by a third party for OPSY advertising and promotional services. OTCPicks.com has been compensated three thousand five hundred dollars from a third party (Longview Communications Corp.) for ACCP advertising and promotional services. OTCPicks.com has been compensated three thousand dollars by a third party (Stock Awareness Group) for MRNJ advertising and promotional services. OTCPicks.com has been compensated eight thousand dollars by a third party (Mickey Reno) for NVSR advertising and promotional services. OTCPicks.com has been compensated twenty thousand free trading shares by a non-controlling third party for GOHG advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party for APDN advertising and promotional services. Additionally OTCPicks.com has been compensated a total of five thousand dollars by BlueWave Advisors for multiple one week promotions of APDN. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. OTCPicks.com is a website partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice.
