Dalla TX 10/10/2009 1:34:01 AM
News / Business

NNAN, PMDP, IVIT, ZMTP, PCAI, MYNG OTCPicks.com Stocks to Watch for Friday, October 9th

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Our Stocks to Watch tomorrow include NaturalNano Inc. (OTCBB: NNAN), Plateau Mineral Development Inc. (OTC: PMDP), Invicta Group Inc. (OTC: IVIT), Zoom Telephonics Inc. (OTCBB: ZMTP), Petroleum Consolidators of America Inc. (OTC: PCAI) and Golden Eagle International Inc. (OTCBB: MYNG).

 

NATURALNANO INCORPORATED (OTCBB: NNAN)

"Up 208.33% on Thursday"

 

Detailed Quote: http://www.otcpicks.com/quotes/NNAN.php 

 

NaturalNano, Inc. is a materials science company focused on developing and commercializing advanced nanocomposites. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer polymer additive, that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes.

 

NNAN News:

 

October 8 - Cancer Cell's Capture Enhanced by NaturalNano's Halloysite Natural Tubes

 

NaturalNano, Inc. (OTCBB: NNAN) (Frankfurt: N3N) Acting CEO and President James Wemett announced today that the series of Cornell's feasibility studies using Halloysite Natural Tubes has been very successful. This has been initiated under the direction of Professor Michael King, Ph.D. of the Department of Biomedical Engineering at Cornell University in Ithaca, New York and in co-operation with CellTraffix Inc.

 

Dr. King states, "NaturalNano's proprietary Halloysite nanotubes have enhanced the cell adhesion of circulating cancer cells to reactive surfaces and are found to be non toxic to the cells. The Halloysite significantly decreased the rolling velocity and increased the number of cancer cells captured using these Natural Tubes."

 

Wemett said, "These results are very exciting to NaturalNano. We are continuing to work with Cornell and the Research Lab of Dr. King."

 

"The success of the combination of Halloysite nanotubes and Dr. King's technology significantly advances our progress in developing our device used commercially to isolate stem or certain cancer cells," said Thomas Fitzgerald, CEO of CellTraffix, which is commercializing the research done by Dr. King and his team.

 

ABOUT CELLTRAFFIX INC.

 

CellTraffix employs its unique understanding of the mechanics of cellular flow and cell trafficking in the blood stream to develop a range of proprietary medical devices. These are based on the CellSelect technology ranging from simple, low cost research tools for the separation and collection of cells in blood, to sophisticated in vivo and ex vivo therapeutic delivery systems and diagnostics to address a number of unmet medical needs relating to cancer, adult stem cells and immune cells.

 

PLATEAU MINERAL DEVELOPMENT INCORPORATED (OTC: PMDP)

"Up 50.00% on Thursday"

 

Detailed Quote: http://www.otcpicks.com/quotes/PMDP.php 

 

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.

 

PMDP News:

 

July 15 - Plateau Mineral Development, Inc. Announces Solar Collector

 

Plateau Mineral Development, Inc. (OTC: PMDP), along with its partner, Plateau Mineral Development LLC, announced today that the firm, in conjunction with MEI, is moving to secure several features of its improved solar collector.

 

The unit, produced and installed in the early 1980s, is being upgraded with the inclusion of photo-voltaic capability. The unit acts as a concentrator under clear skies and as a flat plate when sunlight is diffused by dust or clouds.

 

A representative of Plateau Mineral Development states, "Additionally, a research and development plan and budget have been prepared to research means of enhancing the photo-voltaic output. Understandably, aspects of this research and development are being held in strictest confidence. We will update our shareholders on portions of the research that are deemed appropriate for dissemination as soon as the details are available to us."

 

INVICTA GROUP INCORPORATED (OTC: IVIT)

"Up 200.00% on Thursday"

 

Detailed Quote: http://www.otcpicks.com/quotes/IVIT.php

 

Invicta Group, Inc. is a full service multimedia management and marketing company. Invicta utilizes a number of websites, a large database, event productions and promotions, and its experienced team to help clients manage, maintain and improve their overall businesses. Current projects include: Water Tower Surgical Center, TravelHotLink.com and TicketHotlink.com.

 

IVIT News:

 

October 7 - The Invicta Group Signs a Joint Venture Agreement With Water Tower SurgiCenter, Chicagoland's Premier Same-Day Surgery Center, and Projects Over $ 10,000,000 in Revenues in 2010

 

The Water Tower SurgiCenter Recently Remodeled Its Operating Rooms to Become One the Country's Most State-of-the-Art Facilities

 

Invicta Group Inc. (OTC: IVIT) announced that the Company has entered into a Joint Venture Agreement with the prestigious Water Tower SurgiCenter located at 845 N. Michigan Ave in Chicago. The main purpose of this new partnership is for the Invicta Group to help an established and successful location with management, marketing and new doctor recruitment.

 

The Water Tower Surgery Center is Chicagoland's premier same-day surgery center specializing in same day surgery for over 20 years. Over 50 staff physicians are board certified and performs their surgeries in our completely remodeled state-of-the-art facility. The center is located on Michigan Avenue (in Downtown Chicago) in the Prestigious Water Tower Building attached to the Ritz Carlton Hotel and includes approximately 40,000 square feet of the 9th floor.

 

Projected Revenues for 2010 are approximately $ 10,000,000 with Net Profits in the range of $ 2,000,000 to $ 2,500,000.

 

Dr. Paul Madison is the medical director for the Water Tower SurgiCenter. Dr. Madison attended Chicago Medical School receiving his medical degree in 1981. Completing an internship, residency, and fellowship at the prestigious University of Chicago Hospital and Clinics, he is Board Certified in Pain Management. His fellowship was completed at The University of Chicago Hospital in Critical Care, Pulmonary Medicine, and Pain Management. Dr. Madison has lectured extensively at medical seminars and has written extensively on the subject of Pain Management for medical publications.

 

Dr. Madison said, "I have been very impressed with everything the Invicta Group has to offer and I am looking forward to expanding and improving what I have started."

 

Invicta Group's CEO Paul Sorkin said, "Dr. Madison and all the center's staff physicians are very talented elite doctors. We are looking forward to getting more doctors involved to offer additional services and focus on exceeding the patients' overall expectations. This is an incredible opportunity for our shareholders and we are looking forward to the endless possibilities with our new business partner."

 

ZOOM TELEPHONICS INCORPORATED (OTCBB: ZMTP)

"Up 87.50% on Thursday"

 

Detailed Quote: http://www.otcpicks.com/quotes/ZMTP.php

 

Zoom Telephonics, Inc. designs, produces, and supports 3G modems and routers, ADSL modems and gateways, cable modems, dial-up modems, Voice over IP adapters and gateways, Bluetooth products, and other communications products under the Zoom, Hayes and Global Village brands.

 

ZMTP News:

 

October 8 - Zoom® Begins Volume Shipments of 3G Wireless-N Travel Router Small Battery-Powered Unit Works With a Broad Range of 3G USB Modems

 

Small Battery-Powered Unit Works With a Broad Range of 3G USB Modems

 

Zoom Telephonics, Inc. (OTCBB: ZMTP) announced the first volume shipments of the Zoom 3G Wireless-N Travel Router, Model 4506. Almost any 3G mobile broadband modem can be plugged into the router to instantly create a WiFi® compatible Hotspot for a wide range of devices including Windows® and Macintosh® computers, the iTouch™ and Blackberry®, mobile phones, barcode readers, and game stations. The shirt-pocket-sized router operates on either its rechargeable batteries or its AC adapter.

 

Model 4506 has an estimated U.S. retail of $99 and represents a significant new price point for 3G wireless-N travel routers.

 

The Travel Router provides easy sharing of a 3G connection anywhere a 3G mobile broadband modem works — office, home, work site, trade show, airport, hotel, park, beach, or almost anywhere. The Travel Router connects to the Internet through a plug-in 3G USB modem, and provides Internet access for up to 253 devices simultaneously through the Router's wireless n/g/b network or a wired Ethernet connection.

 

Zoom's Travel Router even lets a user's WiFi compatible devices go where 3G signal strength is low. A user can put the Travel Router and 3G modem where 3G signal strength is high, and then connect to WiFi compatible devices through the router's extended-range wireless-N capability.

 

Model 4506 is compatible with almost every USB mobile broadband modem model ever built. A modem compatibility list is at www.zoom.com/travelrouter/comp.

 

When powered by its built-in rechargeable lithium-ion batteries, the Travel Router lets a user stay on-line for 3 hours or more, depending on usage. Model 4506 also works and recharges when its small power cube is plugged into a power outlet.

 

The Travel Router can even be used as a router for DSL and Cable modems, with automatic broadband backup if a 3G USB modem is plugged in.

 

PETROLEUM CONSOLIDATORS OF AMERICA (OTC: PCAI)

"Up 54.32% on Thursday"

 

Detailed Quote: http://www.otcpicks.com/quotes/PCAI.php

 

Petroleum Consolidators of America, Inc. is a gasoline station/convenience store operator which is implementing a targeted acquisition strategy to create a portfolio of consolidated retail gasoline facilities, producing oil wells and a wholesale fuel distributorship that will benefit from substantial operating efficiencies.

 

PCAI News:

 

August 11 - Petroleum Consolidators Engages a Clearwater, Florida-Based Broker-Dealer for a Fifteen Million Dollar Financing

 

Petroleum Consolidators of America, Inc. (OTC: PCAI), a gasoline station/convenience store operator, announced today that the company has entered into a capital raising agreement with a Southwest Florida-based Broker-Dealer for a $15,000,000 financing.

 

David Cohen, President and CEO of Petroleum Consolidators, stated, "We are extremely excited to have entered into our capital raising agreement with this boutique investment banking firm. This financing engagement is a critical milestone in our company's history. It sends a clear and positive message to our industry that we will have the resources to continue moving forward with our business plan to build a regional presence of gasoline stations with convenience stores and a wholesale fuel business.

 

Additionally, Cohen stated, "We are confident that these funds will be used efficiently to maximize Petroleum Consolidators revenue and profitability as we continue to pursue strategic opportunities in our industry."

 

GOLDEN EAGLE INTERNATIONAL (OTCBB: MYNG)

"Up 70.00% on Thursday"

 

Detailed Quote: http://www.otcpicks.com/quotes/MYNG.php

 

Golden Eagle International, Inc. is a gold and copper exploration, mining and milling company headquartered in Salt Lake City, Utah; with offices in Elko, Nevada and Santa Cruz, Bolivia. The Company's most recent efforts have centered on its Agreement with Queenstake Resources USA, Inc. for the maintenance and ongoing regulatory compliance of the Jerritt Canyon 4,000 tpd CIL gold mill. In addition, Golden Eagle is working to maximize the potential of its Gold Bar 4,000 tpd CIP gold mill located in Eureka, Nevada through a joint venture, toll refining arrangement or potential merger. The Company has temporarily suspended operations at its C Zone gold mine and mill within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield. Golden Eagle has also temporarily suspended its continuing development of its Buen Futuro A Zone gold and copper project in eastern Bolivia.

 

MYNG News:

 

September 22 - Golden Eagle Moves Nevada State Court for Writ Ordering Yukon-Nevada and Queenstake to Restore Possession of the Jerritt Canyon Mill to Golden Eagle

 

Company Continues Suit Against YNG for $40 Million in Lost Profits and Foreclosure of Mechanic's Liens Totaling $2.23 Million

 

Golden Eagle International, Inc. (OTCBB: MYNG) reported that it has filed a motion asking for an order restoring it to possession of the Jerritt Canyon mill in its $40 million lawsuit against Yukon-Nevada Gold Corp. (YNG) and Queenstake Resources USA, Inc. (Queenstake) in the Fourth District Court for Elko County, Nevada.

 

Golden Eagle, which was given possession of the Jerritt Canyon mill as its operator in early September of 2008, alleges in its motion that its possessory right was terminated with 3 hours notice on June 10, 2009 in violation of Nevada state law. The motion further alleges that Queenstake and YNG are guilty of forcible entry and forcible detainer in the abrupt and unreasonable manner in which Golden Eagle's possessory right to the Jerritt Canyon mill was terminated, and then further illegally interfered with that possessory right by unlawfully detaining the mill after Golden Eagle's termination.

 

The Company further reported that it is continuing its foreclosure proceedings on $2.23 million in mechanic's liens against YNG and Queenstake's Jerritt Canyon mill.

 

Golden Eagle filed a $40 million Counterclaim and Third-party Complaints against YNG, Queenstake USA, Queenstake Resources Ltd. ("Queenstake Canada") (both wholly owned subsidiaries of YNG) and Francois Marland ("Marland"), a French citizen and YNG investor. The Counterclaim and Third-party Complaints were filed on July 9, 2009 in the Fourth District Court for Elko County, Nevada, together with an answer to Queenstake USA's complaint filed on June 10, 2009 (See, Golden Eagle's Current Report on Form 8-K filed with the U.S. SEC on June 12, 2009) and can be found as an exhibit to a Current Report filed on Form 8-K with the U.S. Securities and Exchange Commission (U.S. SEC) on July 9, 2009. In its Counterclaim and Third-Party Complaints, Golden Eagle alleges that YNG and Queenstake committed fraud, misrepresentation, material omissions and deceptive business practices in their relations with Golden Eagle and in their breach of Golden Eagle's mill operating agreement. The Company also alleges that YNG and Queenstake committed acts of oppression, fraud or malice, express or implied, and that Golden Eagle is entitled under Nevada law to recover punitive damages, which are calculated as three times the amount of compensatory damages.

 

YNG and Queenstake filed a reply to Golden Eagle's Amended Counterclaim and answered its Third Party Complaints with general denials on August 4, 2009.

 

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