Dallas tx 10/16/2009 6:52:13 AM
News / Business

MDFI, BZCN, EXBX, IVIT, ONCP, SMWF OTCPicks.com Stocks to Watch for Friday, October 16th

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Our Stocks to Watch tomorrow include Medefile International Inc. (OTCBB: MDFI), BizAuctions Inc. (OTC: BZCN), Exobox Technologies Corp. (OTCBB: EXBX), Invicta Group Inc. (OTC: IVIT), 141 Capital Inc. (OTC: ONCP) and Seamless Corporation (OTCBB: SMWF).

 

MEDEFILE INTERNATIONAL INCORPORATED (OTCBB: MDFI)

"Up 275.00% on Thursday"

 

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

 

Medefile International, Inc. engages in the development and sale of systems for gathering, digitizing, storing, and distributing information for the healthcare field. The company's products include MedeFile, a b2b and b2c subscription service that is designed to create a "cradle-to-grave" longitudinal record by retrieving and consolidating copies of their medical records; Digital Health Profile, which provides a summary of the patient's healthcare history that assists healthcare providers in understanding the patient's course of medical treatment; MedeDrive, an external USB drive, which stores a patient's emergency medical information and their MedeFile that can be viewed on a personal computer; and MedeVault designed to serve as an electronic data and document repository. Its product portfolio also comprises Medefile Clinical Information Systems, a b2b professional consulting service; OmniScan, which is designed to enable medical facilities to convert the paper based medical records into a digital format; and SecurMed that serves as an authentication process, which protects against any information being viewed by unauthorized persons. The company was incorporated in 1997 and is based in Cedar Knolls, New Jersey.

 

MDFI News:

 

August 14 - MedeFile International Files Quarterly Report

 

The latest quarterly report for Medefile International, Inc. (OTCBB: MDFI) is available for viewing at http://biz.yahoo.com/e/090814/mdfi.ob10-q.html.

 

BIZAUCTIONS INCORPORATED (OTC: BZCN)

"Up 87.50% on Thursday"

 

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

 

BizAuctions, Inc. is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries. BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment. We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.

 

BZCN News:

 

August 12 - AmeriResource Plans to Create Overstock.com-like Retail Web Site to Boost BizAuctions Revenue

 

AmeriResource Technologies, Inc. (OTC: ARIO) announced it is in the preliminary stages of creating a web site designed to sell certain discounted goods through a web platform that is intended to resemble an Overstock.com like web site.

 

Delmar Janovec, AmeriResource, CEO, noted, "BizAuctions (OTC: BZCN) primarily sells its products through its eBay platform and clothing articles through its newly opened retail store, Lucky 7's, in Southern California. Selling certain products directly to the public on a new web site may be a way to boost revenues and improve margins. We already have the staff and warehouse space to accommodate selling directly to the public so the only real additional cost will be the creation of the web site."

 

Mr. Janovec continued, "We understand that in order to significantly boost revenues it is very important that BizAuctions begins brand building by initiating a significant marketing campaign through traditional channels such a billboards, TV, pay per click ads, obtaining celebrity endorsements and the like. Over the coming months, AmeriResource and its subsidiaries are going to explore its options in launching a national marketing effort. It is clear from such penny stock companies like SpongeTech traded on the OTCBB that traditional marketing not only helps build your brand but also appears to have a positive impact on liquidity and share value."

 

"AmeriResource also is in the process of updating its own web site and subsidiary web sites as well as its ATTO Solutions web site which has dated information. We are committed to delivering up to date and accurate information to potential customers and investors alike. Management is working diligently to bring AmeriResource filings current with the SEC and revamping our web site to be in compliance with the current information requirements," concluded Janovec.

 

EXOBOX TECHNOLOGIES CORPORATION (OTCBB: EXBX)

"Up 173.38% on Thursday"

 

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

 

Exobox Technologies Corp. develops information risk management and security solutions that help organizations protect and recover their most valuable information assets. It is committed to its vision to create a more secure environment for the information-centric community through the development of new technologies and security services. Exobox is headquartered in Houston, Texas.

 

EXBX News:

 

October 14 - Exobox Announces It has Entered Into a Letter of Intent to Acquire $22.5 Million of Proven Reserves

 

Exobox Technologies Corp. (OTCBB: EXBX) (the "Company") announced that one of its board members has identified and assisted management in entering into a non-binding letter of intent to acquire 15 income producing oil & gas wells in the Clinton and Marcellus Shale region in Ohio from a private oil & gas company. These oil & gas wells have a represented PV10 reserve value of approximately $22.5 million (based on current NYMEX pricing). It is intended that the cash flow and net worth from the oil and gas assets will assist to further develop the Company's software products and technologies, as well as those oil and gas assets being acquired. The parties intend on executing a definitive agreement on or before October 19, 2009.

 

"Upon the closing of the transaction, this will enable Exobox to continue its operations as originally planned. It should provide us critical mass and bring substantial asset value to the Company," said Exobox CEO, Kevin Regan.

 

The non-binding letter of intent contemplates a purchase price of approximately $13.25 million which includes the assumption of existing debt in an amount not to exceed $3 million, as well as the issuance to the seller of a combination of convertible notes, convertible preferred stock and common stock that on a fully-converted basis would not exceed 9.9% of the total shares outstanding of the Company.

 

This is a non-binding letter of intent, subject to completion of due diligence by both parties and negotiation of definitive agreements, and there can be no assurance that a definitive transaction will be entered into between the parties incorporating these or any other terms.

 

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 15 - The Invicta Group Acquires IMAGE Chicago Magazine and the IMAGE Brands From STL Marketing Group

 

The Deal Allows Invicta to Add an Established Media Brand While STL Can Focus More on Their Core Business and Reduce Some Liabilities

 

Invicta Group Inc. (OTC: IVIT) announced that the company has acquired specific assets related to IMAGE Chicago Magazine and the IMAGE Worldwide brands. The main purpose of this new acquisition is to help the Invicta Group expand their media, marketing, event production, and event promotion services.

 

IMAGE Chicago Magazine and IMAGE Worldwide have been involved with 100s of special events ranging from celebrity appearances, fashion shows, product launch events, and other types of events during the past 5 years. IMAGE has also been printing the magazine IMAGE Chicago for the past 4 years. IMAGE has built a solid brand in the entertainment, fashion, and health and beauty industry. The current staff will stay on board and work with the Invicta Group.

 

Invicta is going to revamp the magazine to focus a larger portion on health and beauty and tie in the medical community, especially those involved with the Water Tower Surgery Center. The magazine will still cover celebrities and fashion but will expand its coverage and distribution to include more of the health and beauty industries.

 

STL Marketing Group CEO Steven St. Louis said, "Our core businesses include printing, packaging, and design solutions and this sale helps us improve our balance sheet and focus more on our core businesses."

 

Invicta Group's CEO Paul Sorkin said, "This is another great acquisition for the Invicta Group. IMAGE is a perfect fit for the Water Tower Surgery Center. A person's health and beauty help define their IMAGE and we couldn't think of a better way to help doctors showcase and market their IMAGE in print, online, and at events. The new magazine will be released in early December and will include some expanded editorial along with some additional relevant strategic distribution."

 

ABOUT IMAGE CHICAGO MAGAZINE

 

IMAGE Chicago Magazine is an entertainment and lifestyle magazine that focuses on everything in fashion, health, beauty, and entertainment for the Windy City. IMAGE provides its readers with the latest on what's hot today and what will be tomorrow. IMAGE features the best in celebrity interviews, editorial content on fitness, fashion, beauty, music, relationships and more, along with some incredible fashion spreads and photo galleries. By using both print and online media IMAGE has created an interactive relationship with its readers and continues to inform and entertain.

 

ABOUT STL MARKETING GROUP

 

STL Marketing Group is committed to brand movement through Three distinct vehicles: creative and design services, packaging and supply solutions, printing and mailing. These core business units allow for supply chain synergy and a one-stop shop approach for clients to achieve their strategic communications objectives. Vertical integration and cross promotion between company sectors allows STL Marketing Group the ability to share key resources, maximize efficiencies, and utilize economies of scale. These components improve buying power for the corporation and increase value for clients and shareholders. STL Marketing Group will utilize a blend of products, services, and relationships to create an extraordinary customer experience and foster unbounded company growth.

 

141 CAPITAL INCORPORATED (OTC: ONCP)

"Up 100.00% on Thursday"

 

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

 

141 Capital, Inc., is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account utilizing trading systems for trading financial products listed on the world's derivatives exchanges. It is a 35% owner of Wind River Development Corporation which is developing a proprietary trading platform that 141 intends to release to consumers upon its completion and 141’s registration as an independent broker with the NFA.

 

ONCP News:

 

October 15 - 550,811,833 Common Stock Equivalents Returned to 141 Capital, Inc.'s Treasury

 

141 Capital, Inc. (OTC: ONCP) announced that 141 Futures, LLC, a limited liability company, that was owned by the principals of 141 Capital, Inc. has returned 10,141 shares of 141 Capital’s Series A Convertible Preferred Stock to 141 Capital. In addition, the Board of Directors cancelled an additional 200,000 shares of Series A Preferred. The Preferred Stock contributed and cancelled will be returned to 141's treasury.

 

Errol Stone stated, “The contribution and cancellation of these Series A Preferred shares represents tangible value to our shareholders. If all of the 210,141 preferred shares were converted into 141 Capital’s common stock on September 30, 2009, the Company would have been obligated to issue 550,811,833 shares of common stock to 141 Futures and others.”

 

SEAMLESS CORPORATION (OTCBB: SMWF)

"Up 100.00% on Thursday"

 

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

 

Seamless Corporation develops and markets hardware and software products manufactured by Seamless and others and sells those products through its subsidiary, Seamless Sales LLC.

 

SMWF News:

 

October 8 - Seamless Corp. Announced That DR. GADGET and Mancow Muller Will Give Away Over $16,000 of the Hottest New Products to Radio Listeners on Friday, Oct. 9, 2009

 

Seamless Corporation (OTCBB: SMWF) announced that DR. GADGET and "THE MANCOW MULLER SHOW" will gift lucky radio listeners with a variety of hot products totaling over $16,000. DR. GADGET and MANCOW will give away everything from Bushnell's Backtrack GPS Personal Location Finders to Proshield Air Purifiers. Other items to be given away include the Cruzin Cooler, Brookestones' uCrown 2 Soothing Head Massager w/Music, The Clean For The Cure® Pink Oreck Vacuum, and Crock Pot® Duo Cook & Serve Slow Cooker.

 

"THE MANCOW MULLER SHOW" is nationally syndicated from Chicago and is heard from 42 different markets across the country. Mancow has been a contributor to the Fox News channel's "Fox and Friends" program for the past 10 years, and even hosted his own show on the network, "Planet Mancow." Mancow is ranked as ninth on the 100 Most Important Talk Show Hosts in America. For more information about "THE MANCOW MULLER SHOW" please visit www.mancow.com.

 

"It is fantastic that DR. GADGET will be on 'THE MANCOW MULLER SHOW,' which is a top-ranked, nationally syndicated radio program. 'THE MANCOW MULLER SHOW,' which airs 5:30 to 10 AM CST, is where DR. GADGET will not only be giving away products, but will also be announcing the Cruzin Cooler contest. For those not able to listen to the show on the radio, you can hear it over the Internet at www.mancow.com," stated Al Reda, President of Seamless Corp. "If you want to enter the Cruzin Cooler contest please visit www.gadgetenterprises.com."

 

ABOUT DR. GADGET

 

Known as the GURU OF GIVEAWAYS on Radio and Daytime TV, DR. GADGET has made a name for himself by showing off the latest household gizmos and high tech gear on national TV shows like "The View" and "EXTRA." Currently in his 4th season on "The View," fans line up around the block when DR. GADGET visits and gives away products to all the New York studio audience, as he did this week to celebrate Joy Behar's birthday. His goal is to endorse products that are practical and user friendly, providing the consumer quality, value and convenience. DR. GADGET appears regularly on "EXTRA" with Mario Lopez and on ABC's "The View." He was recently featured on GSN's 2009 Game Show Award hosted by Howie Mandel.

 

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