Our Stocks to Watch tomorrow include Atlantis Technology Group (OTC: ATNO), Paulson Capital Corp. (Nasdaq: PLCC), LandStar Inc. (OTC: LDSR), Hard to Treat Diseases (OTC: HTDS), Emmis Communications Corp. (Nasdaq: EMMS) and Zoom Technologies Inc. (Nasdaq: ZOOM).
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ATLANTIS TECHNOLOGY GROUP (OTCBB: ATNO)
"Up 505.26% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ATNO.php
Atlantis Business Development Corporation operates as a business development company that primarily assists eligible portfolio companies with capital information. The company was incorporated in 1986 as Vision Technology International and changed its name to Medplus Corporation in 1992. Subsequently, it changed its name to Atlantis Business Development Corporation in 2003. Atlantis Business Development Corporation is headquartered in
ATNO News:
August 12 - Atlantis Technology Group's Subsidiary Global Online Television Announces Projected Sales Revenues Over $50 Million
Atlantis Technology Group (OTC: ATNO) subsidiary Global Online Television Corporation (GOTV) announces projected sales revenues of the GOTV service of over $50 Million US by year end 2010. This projected sales revenue was based on marketing research of the IPTV products offered by GOTV. The projected customer base exceeds 100,000 subscribers by year end 2010. This sales projection does not include the GO-V-Phone service soon to be offered.
IPTV statistics from RNCOS.com: "The Worldwide IPTV subscribers are forecasted to reach to 103 Million in 2011.
ABOUT GLOBAL ONLINE TELEVISION
Global Online Television Corporation was originally developed by Atlantis Technology Group as a media division that would explore and further media-based technology. GOTV brings the largest internet protocol television networks together for your home television viewing. IPTV is TV to TV using standard broadband connections, thus making it possible for 93% of the world's broadband users to relieve its streams. Using the IPTV and Microsoft Windows Media Player, the video stream is delivered to your home television over any broadband internet connection. This means that if you already have a connection, like DSL or cable modem, then you're ready to go.
Atlantis Technology Group's Board of Directors Approves a Forward
Atlantis Technology Group (OTC: ATNO) Board of Directors approved a forward split 1 for 5 at a special Board of Directors meeting on August 11th, 2009, for every 1 share of Atlantis the shareholders will receive an additional 5 shares of Atlantis. This split was agreed unanimously by the Board of Directors.
The Board of Directors feels this forward split will give opportunity for investors to become shareholders of Atlantis Technology Group as well as give current shareholders more value in Atlantis Technology Group .The Board of Directors has scheduled a special meeting for August 15, 2009 to discuss details of the forward split.
PAULSON CAPITAL CORPORATION (NASDAQ: PLCC)
"Up 100.75% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PLCC.php
Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc. Located in
PLCC News:
August 12 - Paulson Capital Corp. Reports Profit for Second Quarter 2009
Paulson Capital Corp. (Nasdaq: PLCC), parent company of Paulson Investment Company, Inc., today reported a net profit for the six months ended June 30, 2009 of $1,041,918 (or $0.18 per share) versus a net loss of $6,958,622 (or ($1.16) per share) for the same period in 2008. Revenues for the six-month period 2009 totaled $9,342,770 versus negative revenues of $1,029,691 for June 30, 2008.
Chester L.F. Paulson stated:
"The reduction in expenses made earlier in the year in response to the economic climate, coupled with the successful completion of a follow-on offering for ICOP Digital and an increase in our investment income account, helped the firm to profitability. We have added some new brokers and are working on several interesting investment banking projects. We remain cautiously optimistic for the remainder of the year."
LANDSTAR INCORPORATED (OTC: LDSR)
"Up 60.71% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/LDSR.php
LandStar, Inc. operates as a polymer redeployment and polymer reactivation company. Through its majority owned subsidiary, Rebound Rubber Corporation, the company develops certain technology rights for the recycling of rubber. It also, along with its subsidiary PolyTek Rubber & Recycling, Inc., produces crumb rubber using reduction technologies, including ambient grind, cryogenic, and wet grind systems. LandStar also maintains exclusive North American rights to a proven devulcanization technology, which fundamentally changes the way recycled rubber is used. This technology creates a new raw material, Activated Modified Rubber, which may be compounded with natural and synthetic rubber or used directly in new vulcanized products.
LDSR News:
August 11 - LandStar Inc. Begins Military Contract Negotiations
LandStar Inc. (OTC: LDSR) operating subsidiary, Hubei Chuguan Industry Co. Ltd., has started contractual negotiation with the fuel management department of Guangzhou Military Region in
HARD TO TREAT DISEASES INCORPORATED (OTC: HTDS)
"Up 52.87% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/HTDS.php
In June 2003, International Foam Solutions, Inc. changed its name to Hard to Treat Diseases, Inc. in connection with the completion of a share exchange agreement with Hard to Treat Diseases and T-19, Inc. Hard to Treat Diseases, Inc. holds the international marketing rights, except South Korea, to Tubercin, a patented immunostimulant developed for combating cancer and rheumatoid arthritis under medical patent. Tubercin promotes good health by enhancing the immune system. The nasal spray would be distributed through major holistic retailers and providers worldwide.
HTDS News:
August 12 - Hard To Treat Diseases Completes IP Ownership Filings With
Hard to Treat Diseases (OTC: HTDS) announced that the Company has completed the necessary filings required to correct the ownership of its intellectual property (IP) rights.
Having performed an extensive audit and investigation on five (5) issued patents, HTDS finds that the Company should have been assigned full ownership of the patents. Filings were made today with the U.S. Patent and Trademark Office that formalize, and secure HTTD's ownership and rights to the patents.
In summary, The IP rights are being utilized by a fully reporting OTCBB publicly traded company. As a result of HTDS IP rights, this company has raised substantial monies in equity financing, constructed an operating plant that generates revenue, is in the process of purchasing parcels of property in various States in order to construct additional plants. It also has had numerous industrial bonds approved for several million dollars each.
The issuer for the time being has elected not to name the OTCBB publicly traded company that is utilizing its rights, however HTDS has placed the OTCBB company on formal notice. Notwithstanding, HTDS management is looking towards a mutually amicable resolution of this matter. HTDS is of the opinion that this OTCBB company got off to a great start, primarily because of these patents, which rightfully belong to HTDS. HTDS takes the position that there is no good or valid dispute that these IP rights belong to anyone else but HTDS.
The issuer expects a "knee jerk" reaction by the OTCBB Company, including the standard form letter type denials issued by their barristers, a denouncement and a host of other panic stricken immediate type reactions. HTDS management intentions are neither to harm the OTCBB operations nor to destabilize OTCBB shareholders value. Instead, it will seek a harmonious "win-win" solution. Once the rights are finalized, HTDS is positioning itself to aggressively move the recycling industry to a higher level, with a separate recycling operating division inside HTDS; which should not disrupt HTDS' primary Bio Chem and Vaccine business. In the event the OTCBB utilizing HTDS rights is willing to cooperate, HTDS may very well have found a new partner. HTDS management is also mindful that refusal of this infringement may leave the HTDS management with no other alternative but to attorn these IP rights and to appoint an interim HTDS management to assume the recycling operations.
The management of HTDS is not ruling out any options at this point. Either way, once HTDS assumes control, the management anticipates gross revenue exceeding $250 million within two years.
Resolutions and a decision are expected shortly.
EMMIS COMMUNICATIONS CORPORATION (NASDAQ: EMMS)
"Up 35.40% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/EMMS.php
Emmis is an Indianapolis-based diversified media firm with radio broadcasting and magazine publishing operations. Emmis Publishing includes Los Angeles Magazine, Texas Monthly, Indianapolis Monthly,
EMMS News:
July 17 - Evan Smith Steps Down as President of
Emmis Publishing, a wholly owned subsidiary of Emmis Communications Corporation (Nasdaq: EMMS) announced that Evan Smith is stepping down as President/Editor-in-Chief of Texas Monthly to become CEO of the Texas Tribune, a nonprofit, nonpartisan public media organization. He will remain involved with the magazine as a consultant and will continue to host Texas Monthly Talks as editor emeritus.
Elynn Russell, Executive Vice President/Advertising-Administration and a 30-year veteran of the magazine, has been promoted to President of Texas Monthly.
"I owe Evan my deepest gratitude for his many contributions through the years," said Gary Thoe, President of Emmis Publishing. "Under Evan's expert leadership, Texas Monthly enjoyed commercial success and critical acclaim. Winning two National Magazine Awards for General Excellence in the last six years and fourteen more nominations over the last nine is testament to Evan's literary strength. We're pleased that he will continue his involvement and equally pleased that we didn't need to look far for his replacement as President."
Russell joined Texas Monthly in 1977. Since then, she has served in various business capacities including Advertising Planning Director and Senior Vice President of Operations. Russell has overseen sales operations countrywide and managed human resources. She is a graduate of the
"Elynn's solid background and experience at Texas Monthly makes her the right choice," Thoe said. "Excellent leadership skills have earned Elynn the respect of the entire staff, and I am confident that Texas Monthly will continue to flourish under her direction."
"Elynn is a terrific colleague and a terrific leader," outgoing President Smith said. "She knows so much about the inner workings of Texas Monthly due to her long tenure. She's protective of the journalism, but she's also savvy about the ways in which we serve our advertisers. She'll be a great steward of the brand."
Lorelei Calvert, who came to Texas Monthly in 1987, has been promoted from Executive Vice President/General Manager of the magazine to Chief Operating Officer. April Hinkle, Publisher, David Barr Dunham, Publisher/Development, and Jake Silverstein, Editor, comprise the Texas Monthly leadership team.
"Texas Monthly is led by a seasoned group, with Lorelei, David, April, and Jake alongside Elynn," Thoe said. "The excellence that readers and advertisers expect — and that is a hallmark of Texas Monthly — will endure."
ZOOM TECHNOLOGIES INCORPORATED (NASDAQ: ZOOM)
"Up 42.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ZOOM.php
Zoom Technologies, Inc. designs, produces, markets, and supports communication products under the Zoom, Hayes®, and Global Village® brands. Zoom is headquartered in
ZOOM News:
August 6 - Zoom Files Definitive Proxy in Connection With Acquisition of China-Based Company
Zoom Technologies, Inc. (Nasdaq: ZOOM) announced that it has filed its definitive proxy statement with the SEC in connection with the previously announced acquisition of Gold Lion, a China-based vertically integrated manufacturer of mobile phones and other mobile communications devices; and that it has concurrently filed a Form 10 information statement in connection with the associated spinoff of its Zoom Telephonics operations. On approximately August 12 Zoom will mail these materials to its shareholders in connection with Zoom management's request for shareholder approval of the Gold Lion transaction.
The proxy describes the Gold Lion acquisition plan and provides financial statements relating to the transaction. The proxy requests that Zoom's shareholders vote on 3 motions including approval of the acquisition. If the acquisition is approved, Zoom's shareholders as of the close of business the day before the closing of the acquisition would have shares in 2 publicly traded companies, one a vertically integrated China-based manufacturer of mobile phones and other mobile communications devices, and the second the spun-off US operating company, Zoom Telephonics. Zoom Telephonics would retain almost all of Zoom's assets, liabilities, and current operations.
The China-based company, which is to be named Leimone United, Inc., had revenues of approximately $80.6 million in 2008 and net income of approximately $2.8 million. Q1 2009 revenue was $28.8 million, with $0.9 million net income. If the acquisition is approved, Leimone United will own a 100% interest in the holding company Gold Lion, a 100% interest in JS Leimone, which holds a 51.03% interest in TCB Digital, and a 100% interest in Profit Harvest. TCB Digital and JS Leimone primarily design, develop, and manufacture mobile phones and other mobile communication devices; and Profit Harvest primarily exports these and other products. If the Gold Lion acquisition is approved, Zoom's shareholders as of the record date would own 30.67% of this company assuming the company stays on NASDAQ, and 24.32% if the company does not stay on NASDAQ. After the initial closing, another 29% of TCB Digital may be exchanged for additional Zoom shares, which would reduce the Zoom shareholders stake in the company to 22% assuming the company stays on NASDAQ, and 17% if the company does not stay on NASDAQ. Staying on NASDAQ will require the combined company to meet NASDAQ's initial listing requirements, which depends on a number of factors, including meeting NASDAQ's $4 share price requirement.
"Zoom's management fully supports this transaction," said Frank Manning, Zoom's President and CEO. "It gives Zoom's shareholders a substantial stake in a growing China-based company in the fastest-growing mobile phone market in the world. In addition, it lets Zoom's shareholders retain ownership of our operating company, Zoom Telephonics, and its assets, liabilities, and operations."
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