Our Stocks to Watch today include American Sierra Gold Corp. (OTCBB: AMNP), Superlattice Power Inc. (OTCBB: SLAT), Magnum D'Or Resources Inc. (OTCBB: MDOR), Force Energy Corp. (OTCBB: FORC), San West Inc. (OTCBB: SNWT), Muscle Flex Inc. (OTC: MFLI), International Aerospace Enterprises Inc. (OTCBB: IARO), Premier Mortgage Resources Inc. (OTC: PMRS), NeoMedia Technologies Inc. (OTCBB: NEOM), American Scientific Resources Inc. (OTC: ASFX), Astrotech Corp. (Nasdaq: ASTC) and GoIP Global Inc. (OTC: GOIG).
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AMERICAN SIERRA GOLD CORPORATION (OTCBB: AMNP)
"Up 10.62% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AMNP.php
Company Profile: http://www.otcpicks.com/american-sierra-gold/american-sierra-gold.htm
American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in
AMNP News:
October 13 - American Sierra Gold Corp. Signs $6 Million Equity Financing Agreement
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in
"We are very pleased to have closed this equity financing agreement as it will allow us to fund the implementation of our operations and acquisitions strategy. This agreement is an indication of confidence in the future of our projects and will ensure the future growth of the Company," stated Mr. Wayne Gruden, American Sierra Gold's CEO and President. "The stock purchase warrants attached to each unit to be sold under this agreement, could eventually translate into an additional $10.5 million in funding available to the company," added Mr. Gruden.
Under the terms of the agreement, American Sierra has the right to call upon funds for up to $6,000,000 by issuing units consisting of one share of its common stock and one common stock purchase warrant exercisable for the purchase of one additional share of common stock. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the
SUPERLATTICE POWER INCORPORATED (OTCBB: SLAT)
"Up 8.62% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SLAT.php
Company Profile: http://www.otcpicks.com/superlattice-power.htm
Superlattice Power, Inc. was incorporated in
SLAT News:
October 13 - Superlattice Power, Inc. 3-for-1 Forward Stock Split Record Date to be Effective Shortly On Date to be Approved by FINRA
Superlattice Power, Inc. (OTCBB: SLAT) (www.superlatticepower.com), emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, announced that its three-for-one forward stock split will be effective shortly upon completion of the review process by the Financial Industry Regulatory Authority (FINRA). The Company is submitting additional information to FINRA to complete its submission of required information in connection with FINRA's review process.
MAGNUM D'OR RESOURCES (OTCBB: MDOR)
Detailed Quote: http://www.otcpicks.com/quotes/MDOR.php
Company Profile: http://www.otcpicks.com/magnum-resources/magnum-resources.htm
Magnum d'Or Resources, Inc. focuses in operating in recycling and waste management sectors. It intends to develop facilities that produce rubber powders, thermoplastics, and thermoplastics elastomers. Magnum holds licensing rights to various patents that would allow rubber to be devulcanized, specialty blend EPDM powders, and EPDM compounds. The company was founded in 1999 and is based in
MDOR News:
October 13 - Magnum Engineering International ('MEI') Announces $40 Million in Expected Projects
Magnum D'Or Resources, Inc. (OTCBB: MDOR), a next generation rubber recycling Solutions Company, wholly owned subsidiary, Magnum Engineering International, Inc. ('MEI')
MEI is aggressively entering the environmental solutions market with proven technology to design and construct turnkey plants, as well as provide complete environmental solutions to third parties utilizing profitable business models. Part of that mission is to assure quality, excellence and continual improvement of environmental performance. One of MEI's staff engineers stated, "We have developed a model that allows us to build plants for clients around the world, have them financed using export financing, and arrange for the sale of the output through Magnum's network of clients. Furthermore, the business model establishes a rapid investor payback within 36 months."
MEI Recent Negotiations
MEI is in both initial and final negotiations with a number of parties and is working with
Glusic went on to say, "There has been a tremendous amount of discussions, both national and international, with companies looking for assistance for solutions to their tire and rubber recycling issues."
President and CEO of Magnum, Joseph Glusic commented, "I am extremely pleased at how quickly MEI has developed the market we had previously ignored. This will prove to be a profit center of its own, adding directly to the bottom line of Magnum. Although we knew there was considerable interest in our process and technology we never really took the opportunity to focus on that market. Now we have the personnel and the resources to support these activities."
In addition to assisting the Magnum group with all technical and engineering solution services, MEI has recently assumed all client inquires, discussions, and International negotiations that were previously being conducted by MDOR in relation to third party recycling solutions. MEI and its affiliates are developing a full service engineering and service solutions company.
MEI Strategic Plans
MDOR has recently received the initial equipment necessary to commence work on the
October 12 - Magnum/SRI Revolutionary Custom Compound in Light Truck Tires Ready for Impending RRI On-Road Trials
Magnum D'Or Resources, Inc. (OTCBB: MDOR), a next generation rubber recycling Solutions Company, announces On-Road Trials with the World Renowned "Malaysia Rubber Research Institute" facility in Sungai Buloh www.lgm.gov.my.
Having successfully produced light truck tires using Magnum/SRI Revolutionary custom compound as a 20% component in the production compound, the resultant manufactured tires were submitted to the Rubber Research Institute's (RRI), Malaysian Rubber Board, Tire Lab for testing along with the original tires. The preliminary tests including abrasion resistance were passed with flying colours achieving results within the pre-specified parameters and near identical to the original (OEM) tires. Magnum/SRI is thrilled to announce once again that this is a major Breakthrough and a World's First for the Global Rubber Market. Furthermore the tires were then further tested for in-lab continuous destructive testing which is still ongoing.
The tires are also being tested for performance in actual Road Performance performed by the Rubber Research Institute (RRI) Tire Lab where our Light Truck (3Metric Tonne cap) is installed with both original control tires along with the Magnum/SRI tires. Measurements are taken by the RRI test lab personnel and then the Truck is run on normal roads with a standard load and brought back for further measurements following a fixed protocol schedule based on distance travelled on the certified odometer. The measurements including abrasion / wear resistance among other parameters will be carefully tabulated throughout the life of the tires (30,000km), the tires changed out and the process repeated several times. These trials commence as soon as the registration and inspection of the truck is completed which is expected later this week.
Generally this on the road test is usually carried out on tires that have been retreaded and rarely carried out on original OEM tires as they have established performance and their compound specs do not vary a great deal. In this case the Magnum/SRI Revolutionary Custom Compound is being evaluated in premium compound applications against premium original manufactured light truck tires (unheard of until now). Several firsts for the worldwide rubber industry right off the bat and Magnum/SRI is happy to state, "they have achieved the unachievable."
Once the destructive tests have been completed and the on-road trials carried out by the RRI Test Lab has run for some time, we will be starting independent evaluation of Magnum/SRI custom compounds by the RRI in several value added applications. The independent evaluation by the RRI will provide substantial credibility in the industry and will be further supported by carrying out similar independent trials at the Tun Abdul Razak Research Centre (Tarrc) in the United Kingdom while they also run their special Trailer trials on retreaded heavy trailer tires, operated on roads under controlled and a wide variety of wet and dry conditions.
As we develop our range of Magnum/SRI Revolutionary custom compounds we will be able to improve their performance in each of the major application categories towards establishing its position as an accepted industrial raw material.
FORCE ENERGY CORPORATION (OTCBB: FORC)
"Up 6.06% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FORC.php
Company Profile: http://www.otcpicks.com/Newsletter/FORC_eProfile_100709.htm
Force Energy Corp. is an Oil & Gas Exploration and Development Company based in
FORC News:
October 13 - Force Energy Corp. Provides Shareholder Update
Force Energy Corp. (OTCBB: FORC) (
Force Energy has raised $1 million in equity financing to date for the acquisition of low cost/high yield prospects. This financing has enabled the company to acquire significant working interest in both the Diamond Springs Prospect located within the Wind River Basin of Wyoming as well as the Hayter Prospect, located in
Force Energy has engaged Continental Production Co. to be the operator on drilling activities for the Diamond Springs Prospect. The Company intends to permit up to three wells on the prospect within the next sixty days to enable not only the start of our drill program this drilling season, but also to maximize the potential for drill rig productivity and expansion.
SAN WEST INCORPORATED (OTCBB: SNWT)
"Up 12.54% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SNWT.php
Company Profile: http://www.otcpicks.com/san-west-inc.htm
San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies; products are sold via three divisions: at retail store locations; via the online store and; through its growing dealer network. Buggy repair services are sold and fulfilled at the Santee California retail location.
SNWT News:
October 12 - San West, Inc. Declares Five-for-One Stock-Split
San West, Inc. (OTCBB: SNWT) announced that its Board of Directors has approved a five-for-one stock split to be effected in the form of a stock dividend. The Company will distribute four additional shares of its common stock to all shareholders of record at the close of business on October 26, 2009 for every share of common stock held on that date. The shares will be distributed on November 2, 2009 by the Company's transfer agent, First American Stock Transfer so that the new shares issued will equal 5 times the pre-split number with fractional shares rounded up to the nearest share.
"This stock dividend allows us to share our success with our loyal stockholders to the extent of our authorized stock and underscores our confidence in the strength of our Company and its prospects for the future," said Frank Drechsler, SNWT's President and Chief Executive Officer. "We remain committed to building stockholder value by providing consumers with extraordinary products and service."
MUSCLE FLEX INCORPORATED (OTC: MFLI)
"Up 4.07% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MFLI.php
Company Profile: http://www.otcpicks.com/muscle-flex-inc.htm
Muscle Flex Inc. brings new products to market using direct response TV infomercials specializing in the health, fitness, wellness and hygiene sectors. As well, Muscle Flex Inc. develops and creates general television content for network and cable television distribution. Muscle Flex's corporate strategy is to develop new and innovative products for sale and distribution via its proprietary direct response marketing system and the creation of television media and shows for general network and cable broadcast.
MFLI News:
October 8 - Muscle Flex Developing a Strong Product Portfolio in the 'Water' Category to Include Filtration, Bottled Water and Health Infused Water
Muscle Flex Inc. (OTC: MFLI) (www.MuscleFlexInc.com) announced that it is developing a strong portfolio of "Water" related products to market using its direct response, online ecommerce and traditional retail methods. Muscle Flex® regards "Water" as potentially the most important ingredient in maintaining a healthy lifestyle and it is estimated that as much as 75% of Americans do not drink enough good clean water. Water consumption is one of Danny Alex's, the CEO and Founder of Muscle Flex Inc., 30 fitness rules to living a better and healthier lifestyle. Muscle Flex is developing a several water related products and will be included as one of Muscle Flex's main product categories.
Muscle Flex is currently finalizing an at-home water filtration product it expects to retail from between $19.95 - $29.95 that it intends to market via a 2 minute short form commercial. Muscle Flex is developing a comprehensive list of "Water" related products from easy at-home and on-the-go filtration products to bottled water and water that is infused with additional nutrients and enhanced benefits.
The benefits of drinking ample amounts of water are numerous:
* Dehydration can slow down one's metabolism as much as 3%
* One glass of water can shut down midnight hunger angst.
* Lack of water is considered the primary reason for daytime fatigue.
* Research indicates that 8-10 glasses of water a day could significantly ease back and joint pain for up to 80% of sufferers.
* A mere 2% drop in body water can trigger fuzzy short-term memory, trouble with basic math, and difficulty focusing on the computer screen or on a printed page.
* Drinking ample amounts of water daily has been found to decreases the
risk a number of negative human conditions and diseases.
"Water products are a major focus for Muscle Flex Inc.," commented Danny Alex. "If people drank 1 or 2 glasses of water when they felt sluggish, tired or fatigued, within minutes they would feel revived and come alive. Water is something that everyone MUST drink and everyone understands the importance of it. Muscle Flex will be a one-stop provider of real-life 'Water' solutions for people ... solutions that are innovative and that can easily be applied to anyone's lifestyle. Becoming and staying healthy is all about simple one-step at a time lifestyle changes that take hold and stick as permanent lifestyle changes. As with the majority of Muscle Flex products, the Muscle Flex lifetime guarantee will apply to our water related products. It shows our commitment to quality as well as building the brand name, Muscle Flex, that people trust and hold in high regard. Unequivocal consumer trust in Muscle Flex and in all Muscle Flex brands is critically important as an over-all corporate mission."
INTERNATIONAL AEROSPACE ENTERPRISES (OTCBB: IARO)
"Up 59.04% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IARO.php
International Aerospace Enterprises, Inc. is an innovative and aggressive provider of discounted military aircraft spare parts for U.S. Ally partners throughout the world. The company offers inexpensive and shipment ready aircraft spare parts for both military and commercial aircraft users that meet all industry standards for quality manufacturing.
IARO News:
October 13 - Skymark Research Initiates Independent Research Coverage On International Aerospace Enterprises, Inc.
Skymark Research, a leading provider of small- and micro-cap independent investment research, has initiated coverage on International Aerospace Enterprises, Inc. (OTCBB: IARO). Skymark Research is currently offering a complimentary trial subscription. To view the company's research, go to www.skymarkresearch.com.
PREMIER MORTGAGE RESOURCES INCORPORATED (OTC: PMRS)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PMRS.php
Premier Mortgage Resources, Inc. operates as the holding company of United National, Inc., providing services and financing to its subsidiary. As of September 30, 2001, it had no significant business operations of its own. It provides certain staff functions to its subsidiaries, which include overall management; strategic direction; financing; legal services; accounting; and related services, including cash management and budgeting, marketing, and public relations/advertising. United National Mortgage, LLC (UNM), the subsidiary of United National, Inc., operates as the mortgage banking division of Premier Mortgage Resources, Inc. It primarily focuses on retail and wholesale origination and the sale of mortgage loans for one-to-four family properties. UNM also engages in the origination and brokerage of loans on commercial real estate assets, including shopping centers, office properties, and other commercial loans.
PMRS News:
October 3 - Premier Mortgage Resources Releases Financial Information
The latest income statement for Premier Mortgage Resources, Inc. (OTC: PMRS) is available at http://finance.yahoo.com/q/is?s=pmrs.pk.
NEOMEDIA TECHNOLOGIES INCORPORATED (OTCBB: NEOM)
"Up 20.91% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NEOM.php
NeoMedia Technologies, Inc. is the global leader in mobile barcode scanning solutions. The company's technology allows mobile devices with cameras to read 1D and 2D barcodes and provide “one click” access to mobile content. Combining this technology with advanced analytics and reporting capabilities revolutionizes the way advertisers market to mobile consumers. NeoMedia provides the infrastructure to make 2D camera barcode scanning and its associated commerce easy, universal, and reliable — worldwide.
NEOM News:
October 13 - 2D Barcodes Come to
Bems and NeoMedia create alliance to implement 2D barcodes in 13 countries across
Bems, the leading Spanish company in mobile solutions based on 2D barcodes, has partnered with US-based NeoMedia Technologies to distribute 2D barcode solutions throughout
Bems has chosen NeoMedia Technologies, Inc. (OTCBB: NEOM) as their primary technology and platform vendor for mobile barcode reading and campaign management, with a key focus on the brand marketing and advertising sectors. In addition, Bems will promote NeoMedia hardware solutions related to ticketing and couponing. As a key part of this platform, NeoReader will be the preferred barcode reader for pre-installation on handsets and all code transactions will be routed through the NeoMedia infrastructure. The solution will be distributed to markets including
This initiative to promote 2D barcode technology is part of a wider strategic plan for the operators to introduce cutting edge tools for mobile to the Latin-American market. Operators will leverage the expertise the Bems/NeoMedia partnership provides in areas such as technology, marketing, R+D and an extensive sales force to enable the widespread adoption of this technology.
“The alliance with NeoMedia represents an important step towards delivering the best technology to Bems and providing an advantaged position in the implementation of the agreements with Telefónica for the Latin-American market,” commented Javier Mañas, Chairman of Bems.
Based in
NeoMedia, based in
“As we’ve consistently maintained, commercialization of barcodes calls for an open and interoperable market that can provide the scale needed for brands and advertisers to exploit the benefits of the mobile marketplace. We feel that our work with Bems and gaining entry to the Latin American market is yet another step closer to global adoption of this powerful technology,” commented Iain McCready, CEO of NeoMedia.
The 2D barcode market is increasingly gathering momentum as its potential as both a valuable marketing tool and the ideal way of delivering services via the mobile web are being realized.
Bems and NeoMedia will implement the interoperable standard of 2D barcodes based on the recommendations of the GSM Association, guaranteeing compatibility with other global operators, not only in
To succeed with this new “2D barcode Ecosystem,” the active participation of all industry players from operators and manufacturers of mobile devices to developers and mobile marketers is needed. Bems will aim to create models of collaboration with all of them and to generate the scale that is needed for the space to develop to its full potential.
It is expected that operators in
Mobile penetration in Latin America (and the
ABOUT BEMS
Bems is the leader in the development of 2D mobile barcode solutions in
AMERICAN SCIENTIFIC RESOURCES INCORPORATED (OTC: ASFX)
"Up 18.91% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ASFX.php
American Scientific Resources, Inc. is a holding company for two wholly owned subsidiaries, Kidz-Med, Inc. and Heart Smart System. The Company's objective is to locate and acquire innovative health and safety products that are successfully sold abroad, and to introduce and promote them to the North American market.
ASFX News:
October 13 - The Governator and the Disintegrator: A Sharp Match 'Holding Pharmaceutical Companies Accountable'
It is illegal in the state of California to unsafely dispose of "sharps" (medical waste such as needles and syringes) in the home, and thanks to California State Senator Joe Simitian's Senate Bill 486, and contributors from his annual "There Oughta Be A Law" contest, 1 million Californians will not be breaking the law anymore (see www.ciwmb.ca.gov/hhw/sharps).
American Scientific Resources, Inc. (OTC: ASFX), notes that the SB 486 has been approved by Governor Schwarzenegger, providing Californians with a safe way to dispose of their sharps at home. Approximately 386-million sharps are generated each year in
This new law will require pharmaceutical companies to submit plans to the California Integrated Waste Management Board on how they propose to support the patients who use their drugs by providing safe needle collection and disposal programs. Additionally, they will be required to provide the specialty medication users (such as those with multiple sclerosis, diabetes, rheumatoid arthritis, hepatitis and HIV) with information on their websites on the various product options available to safely and easily manage their sharps.
Jason Roth, ASR's Senior Vice President comments, "Not only is this a triumph for numerous Californians, but it is also creating corporate responsibility in the green movement and holding pharmaceutical companies accountable for the proper disposal of their patients safe needle disposal. ASR is very much looking forward to continuing discussions with the pharmaceutical manufacturers about how we can meet their needs in the
ASR manufacturers the world's only FDA approved home needle destruction device (NDD), the Disintegrator™ and Disintegrator Plus™. The Disintegrator enables patients who give themselves injections to properly and safely dispose of needles at home.
ASTROTECH CORPORATION (NASDAQ: ASTC)
"Up 10.23% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ASTC.php
Astrotech is one of the first space commerce companies and remains a strong entrepreneurial leader in the aerospace industry. The Company serves our government and commercial satellite and spacecraft customers with our pre-launch services from our Astrotech Space Operations (ASO) subsidiary and incubates space technology businesses having formed three companies; the 1st Detect Corporation is developing what we believe is a breakthrough mini-mass spectrometer; Astrogenetix, Inc. expects to produce biotech products in space and has recently developed a vaccine candidate for Salmonella; and AirWard Corporation is drawing on Astrotech’s space heritage of sending cargo to space by selling hazardous material containers for the airline industry.
ASTC News:
September 28 - Astrotech Reports Financial Results for Fourth Quarter and Fiscal Year 2009 and Announces Exploration of Strategic Alternatives
Astrotech Corporation (Nasdaq: ASTC) announced financial results for its fourth quarter and fiscal year ended June 30, 2009.
“This reporting period commemorates our return to profitable earnings and the completion of the turnaround for Astrotech that started in January 2007,” said Thomas B. Pickens III, Chairman and CEO. “The Company is now on a firm foundation and I feel very confident about the future of Astrotech and its expected earnings going forward.”
Fourth Quarter Results
The Company posted a fourth quarter fiscal year 2009 net income of $2.6 million, or $0.15 per diluted share on revenue of $10.4 million compared with a fourth quarter fiscal year 2008 net loss of $1.5 million, or $(0.11) per diluted share on revenue of $6.1 million.
Fiscal Year Results
Astrotech’s net income for the fiscal year ended June 30, 2009 was $4.7 million, or $0.28 per diluted share on revenue of $32.0 million compared to a net loss of $36.0 million, or $(4.26) per diluted share on revenue of $25.5 million for the prior fiscal year. These results represent a 25.2% increase in revenue over fiscal year 2008. Additionally, this marks the first time since 2005 that the Company has reported net income for the fiscal year.
Liquidity
As of June 30, 2009, we had cash on hand of $4.7 million and our working capital was approximately $8.4 million. The Company maintains a $6.0 million financing facility with Green Bank, N.A., consisting of a $4.0 million term loan and a $2.0 million revolving credit facility. On June 30, 2009, $3.6 million of the term loan, which expires in February 2011, was outstanding. During third quarter fiscal year 2009, the Company renewed the one-year revolving credit facility through February 2010 on terms substantially similar to the previous facility. At June 30, 2009, the Company had no outstanding liability under the revolving credit facility.
Update of Ongoing Operations
Astrotech’s growth strategy is to build on its industry-leading ground support operations and offer a more comprehensive set of services to government and commercial satellite customers through its wholly owned and largest subsidiary, Astrotech Space Operations (“ASO”). Specifically, the Company has developed and has begun to offer an End-to-End
The Company has a backlog of $25.4 million as of June 30, 2009. The majority of this backlog is for ASO pre-launch satellite processing services, which include hardware launch preparation; advance planning; use of unique satellite preparation facilities; and, spacecraft checkout, encapsulation, fueling, transport, and remote control through launch.
Strategic Financial and Business Alternatives
Astrotech also announced today that its Board of Directors has engaged investment banking firm Lazard Ltd. to advise the Company in exploring strategic financial and business alternatives to enhance shareholder value. Lazard Middle Market is the midcap focused financial advisory business of Lazard.
The range of alternatives which may be considered could include strategic acquisitions, a sale of some or all of the company’s assets or a variety of other possible transactions. There can be no assurance regarding the timing of or whether the Company will elect to pursue any of the strategic alternatives it may consider, or that any such alternatives will result in changes to the Company’s plans or will be consummated.
GOIP GLOBAL INCORPORATED (OTC: GOIG)
"Up 8.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GOIG.php
GoIP Global, Inc. operates as a mobile media company in the
GOIG News:
October 8 - GoIP Global Launches New Web Site and CEO Message
GoIP Global, Inc. (OTC: GOIG) launched its new corporate web site (www.goigcorp.com). The new web site incorporates both the
With the launch of the new web site the company is also making available a download audio message which can be found, played and heard at www.minamargroup.com/goig CEO Mr. Ike H Sutton covers and or touches upon many topics in the audio recording.
OTCPicks.com is located at
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Disclosure: OTCPicks has been compensated seven thousand five hundred dollars from a non-controlling third party (BlueWave Advisors) for AMNP advertising and promotional services. OTCPicks.com has been previously compensated five thousand dollars by a third party (Blue Wave Advisors) for SLAT advertising and promotional services. OTCPicks.com has been recently compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for the current SLAT advertising and promotional campaign. OTCPicks has been compensated ten thousand dollars from a non-controlling third party (GREEN TECH INTERNATIONAL ADVISORS) for MDOR advertising and promotional services. OTCPicks.com has been compensated four thousand dollars by a third party for FORC advertising and promotional services. OTCPicks.com has been compensated three thousand five hundred dollars by a third party (Green Horseshoe) for SNWT advertising and promotional services. OTCPicks.com has been compensated three thousand five hundred dollars from Dana Alex for MFLI advertising and promotional services. 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.
