Dallas TX 10/27/2009 11:45:52 PM
News / Business

BMGP, NTMI, AMNP, PAYI, JAGR, ADCS, HPGP, CTDC, GNPG, AMIE, EVRN OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, October 27th

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

Our Stocks to Watch today include Biomagnetics Diagnostics Corp. (OTC: BMGP), NT Media Corp. (OTCBB: NTMI), American Sierra Gold Corp. (OTCBB: AMNP), Pay88 Inc. (OTCBB: PAYI), Jaguar Mining Enterprises Inc. (OTC: JAGR), Advanced Content Services Inc. (OTC: ADCS), Hiland Holdings GP LP (Nasdaq: HPGP), China Technology Development Group Corp. (Nasdaq: CTDC), Green Planet Group Inc. (OTCBB: GNPG), Ambassadors International Inc. (Nasdaq: AMIE) and Everock / Nature's Peak Inc. (OTC: EVRN).

 

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

 

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

 

Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/biomagnetics-diagnostics.htm

 

Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.

 

BMGP News:

 

October 27 - Biomagnetics Concludes Contract Talks with U.S. Government Lab - Preparing Gates Foundation Grant Application

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced the Company has completed business negotiations with one of the U.S. Government's top national security research institutions regarding the acquisition of rights to the Integrated Optical Biosensor System (IBOS) technology developed by the laboratory personnel. Biomagnetics Diagnostics plans to utilize this technology to enter the significantly underserved market for handheld biosensors capable of detecting a broad range of disease causing viruses, bacteria and fungi.

 

“We are very pleased to complete our negotiations as the market’s interest level in this form of technology is significant, commented Clayton Hardman, CEO of Biomagnetics Diagnostics Corporation. “We have already signed a letter of intent with Bright Dairy, which is China's third largest dairy operation and several other organizations have contacted us about availability of the IBOS platform. In November, we will be meeting with India’s Health Ministry Blood Bank, in New Delhi specializing in malaria with the goal of conducting clinical trials for product commercialization throughout India. We have also begun to prepare our application for Round 4 of the Bill and Melinda Gates Foundation Grand Challenges grant due November 2nd. The topic of Round 4 is the creation of low-cost diagnostics for priority global health conditions, which include malaria, tuberculosis, and HIV/AIDS. The Gates Foundation states the proposed diagnostics will ultimately need to fill many of the criteria found in the acronym ASSURED: Affordable by those at risk of infection, Sensitive, Specific, User-friendly (simple to perform with minimal training), Rapid and Robust, Equipment-free or minimal equipment, and Delivered to those who need it. We believe the IBOS technology we plan to introduce to the market fills the criteria very adequately and thus, we believe our chances of winning a Gate’s Foundation grant are very high. We look forward to bringing this state of the art technology to market over the coming months.”

 

According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. Field deployable Integrated Optical Biosensor Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon introduce hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs and improve lives.

 

NT MEDIA CORPORATION (OTCBB: NTMI)

"Up 4.55% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/nt-media.htm

 

NT Media is a start-up digital media solutions provider and developer of niche content websites. The interactive and community-oriented content for NT Media sites, as well the sites' advertising, target specific interest groups and demographics in order to create an ongoing and open dialogue on trending topics and issues. NT Media's online communities integrate increasing trends in online social networking and community building, user generated original content and third-party applications.

 

NTMI News:

 

October 27 - NT Media Partners with Hollywood Entertainment Producers for Webisode Series 'Straight Up With A Twist'

 

Sinahome Entertainment, LLC and Marble Step Production Team Up with NT Media to Produce Original Comedy Series for Video Sharing Site NeuroTrash.tv

 

NT Media Corp. (OTCBB:NTMI) (www.ntmedia.tv), a developer and operator of media and social networking websites, announced a partnership with Hollywood-based production companies Sinahome Entertainment, LLC and Marble Step Production to produce a series of comedy shorts. The webisodes, called "Straight Up With A Twist," will be distributed on NT Media's alternative-format video sharing site NeuroTrash.tv.

 

Currently in pre-production, "Straight Up With A Twist" is a series of shorts that explore the comedies of urban nightlife. The webisodes are scheduled for release in the first quarter of 2010 and filming will begin in November 2009. NT Media is producing the series as part of an ongoing initiative to release original content on NeuroTrash.tv.

 

Launched in January 2009, NeuroTrash.tv is a video-sharing site targeting young adults between the ages of 18 and 35. Users are able to post and share videos on the site, as well as take advantage of the site's video player for sharing original videos on their own sites, social networking profile pages and blogs.

 

"Both Sinahome and Marble are perfect partners for this video project," said NT Media CEO Ali Moussavi. "They have developed concepts that will tap into the key NeuroTrash.tv demographic by leveraging a rising trend of viral online comedy shorts. Original content like 'Straight Up With A Twist' will continue to raise awareness of this highly-demanded niche and will provide content that promotes sustained site traffic."

 

For advertising and sponsorship opportunities please email contact@ntmedia.tv.

 

NT Media's revenue model for NeuroTrash.tv is based on standard display banner ads, in-stream video advertising, products sales and services. Advertisers are also able to earn revenue from video ads embedded in other websites on which NeuroTrash.tv users place videos.

 

AMERICAN SIERRA GOLD CORPORATION (OTCBB: AMNP)

 

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 Reno, Nevada. Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website at www.americansierragold.com.

 

AMNP News:

 

October 27 - American Sierra Gold Corp. Appoints New Chief Financial Officer

 

American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, announced that Johannes Petersen has joined the Company as Chief Financial Officer and as a member of the Board of Directors.

 

Mr. Petersen has experience in a wide range of aspects of resource exploration, management and finance. He brings great value to the company having served as director and CFO of a number of public and private resource companies. He has worked in business planning and development for resource projects located in North America and Asia. Over the past four years, Mr. Petersen has been instrumental in raising over $17 million to fund the activities of resource projects.

 

On his appointment, Mr. Petersen said "I am delighted to join American Sierra in its quest for gold. I believe the Company has the right mix of ingredients for major success: a very capable team, sound financing arrangements to fund its operations and a portfolio with exciting exploration potential."

 

Commenting on Mr. Petersen's appointment, Wayne Gruden added: "I am pleased that Johannes has decided to join American Sierra's efforts to build a leading gold exploration company in North America. Johannes' exceptional breadth and caliber of expertise will be beneficial to the Company's future success."

 

Mr. Petersen has also covered several functions within the financial services industry, ranging from fixed income to currency trading. He holds a BSc in Economics from Universidad del Pacifico (Peru) and an MBA degree from the London Business School (UK).

 

PAY88 INCORPORATED (OTCBB: PAYI)

 

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

 

Company Profile: http://www.otcpicks.com/pay88-inc/pay88-inc.htm

 

Pay88, Inc., through its wholly-owned subsidiary, Chongqing Qianbao Technology, Ltd., is a rapidly growing digital technology company and the leading reseller of internet game time in China with over $19.7 million USD in revenues in 2008, a 134.8% increase over revenues in 2007. The company is primarily engaged in the sale of prepaid online multi-player game cards in more than 20 cities in China, an industry that generated $2.75 billion in 2008 and is expected to reach $3.8 billion by the end of 2009. In addition, The Company sells prepaid telephone cards and over 800 software products, including cooking, language and education software. Qianbao sells its game cards through its websites, www.iamseller.com, and www.17logo.com, which has more than 1 million registered users. The Company has successfully captured more than 80% of the online multi-player game time market in Chongqing, a municipality of more than 31 million people, and the third fastest-growing regional economy in China. Pay88 leverages such consumer establishments as retail kiosks and Internet cafes to increase its distribution of highly popular games for an increasing number of gaming companies.

 

PAYI News:

 

October 26 - Pay88, Inc. Teams Up With Alibaba.com Ltd.

 

Pay88, Inc. (OTCBB: PAYI) announced that it has entered into a distribution agreement with Alibaba.com Limited (HKSE: 1688.HK). Through its wholly-owned subsidiary Qianbao Technology, Pay88 will act as a distributor for Alibaba in Chongqing and the greater southwestern regions of China where Pay88 has an already-established network of users.

 

Alibaba.com Limited (HKSE: 1688.HK) is the world's largest marketplace for global trade and the leader in business-to-business (B2B) e-commerce with more than 42 million registered users from more than 240 countries and regions. Alibaba.com also offers business management software solutions targeting small businesses across China under the "Alisoft" brand, connecting Chinese manufacturers to other companies around the world looking for suppliers. The company has a market capitalization of over $64 billion USD and reported earnings in 2008 of RMB 3.0 billion (approximately $440 million USD), an increase of 39% over 2007. According to iResearch, it was the largest online B2B company in China in 2006, based on the number of registered users and its market share in China by revenue. Alibaba.cn, the company's Chinese site, currently has 32 million registered users.

 

Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, "Pay88's diverse distribution channels and strong presence in Chongqing and the southwest regions of China offer a unique opportunity to utilize the strengths of both companies."

 

Tao Fan, COO of Pay88, added, "As a result of this new relationship, Qianbao Technology will be able to capitalize on Pay88's distribution channels in southwest China to offer Alibaba's services to small- and mid-sized entities in what has traditionally been an underserved area. We are excited about the potential for growth this offers to both our companies."

 

Company officials say that teaming up with Alibaba represents a powerful step forward in their overall goals. Over the coming year, the company will continue to develop and improve its Internet gaming platform, expand its distribution websites, and increase its overall product line, as well as expand into many additional cities in China.

 

JAGUAR MINING ENTERPRISES INCORPORATED (OTC: JAGR)

 

Detailed Quote: www.otcpicks.com/quotes/JAGR.php 

 

Company Profile: http://www.otcpicks.com/jaguar-mining/jaguar-mining.htm 

 

Jaguar Mining Enterprises, Inc. is an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico. The Company specializes in the exploitation of iron ore mines with proven reserves. The Company's strategy is to locate, acquire and develop mine locations that contain sufficient quantities of iron ore and require minimal start-up costs.

 

JAGR News:

 

October 19 - Jaguar Mining Enterprises Provides Operations Update and Outlook for Cascaronal Project, Jalisco Mexico

 

Jaguar Mining Enterprises, Inc. (OTC: JAGR) provided an update on pre-production operations on the Cascaronal Project as well as an outlook on its Mexican operations and strategy for the Company.

 

Jaguar CEO Dale Williams commented: "One of the reasons that iron ore is an enticing area for investment and is attracting attention from investors is the prospect of increasing demand as steelmakers recover. Recently, Rio Tinto Group, the third largest mining company in our industry, raised its 2009 forecast after a strong performance in the second and third quarters. The world's strengthening economy and China's increasing demand for steel under its economic stimulus program has worked against the push for lower-priced iron ore, and we plan to begin production on our Cascaronal Project in time to participate in what we feel will be an upswing in iron ore prices going forward."

 

Jaguar is currently finalizing its pre-production plans for the Cascaronal Project including equipment leases, facilities, transportation and permitting. During upcoming meetings in Manzanillo, Mexico, senior management will also be negotiating with buyers in an effort to insure a smooth and timely transition to full production, scheduled to commence once permitting has been secured.

 

With the impending announcement of the Cascaronal Project achieving commercial production, Jaguar plans to make its mark as a reliable producer and provider of iron ore to key international markets. Mr. Williams said, "The iron ore mining and processing experience of our technical team will be a vital component for a successful transition. Additionally, it is most important for an iron ore producer to have access to reliable transportation and port facilities in order to leverage the opportunities of international demand. Jaguar is in the process of securing both."

 

Outlook

 

Jaguar plans to convert the Cascaronal Mine from pre-production to production, with the mine being brought up to full production within 120 days thereafter. The company anticipates that it will be cash flow positive at the end of 2010, with revenue of $4.5 million and earnings of $.02 per share. Thereafter, Jaguar is forecasting a 300% increase in annual revenues by fiscal year end in 2012 based solely upon the estimated reserves of the mining leases it currently holds.

 

Jaguar intends to build upon the platform of assets, production, and cash flow established over the next 12 months. The growth profile of Jaguar will include three primary areas of focus: organic growth of production at the Cascaronal Project; the development of two additional mines in Colima, Mexico; and potential acquisitions of other junior mining operations.

 

ADVANCED CONTENT SERVICES (OTC: ADCS)

"Up 50.00% in morning trading"

 

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

 

Formerly known as International Minerals Mining Group Inc., Advanced Content Services Inc. is engaged in a variety of online projects. The current share structure of common stock for the company is 470 million shares of common stock authorized with 223,663,681 shares issued and outstanding.

 

ADCS News:

 

December 11 - Advanced Content Services/VStarr™ Names New Management

 

Advanced Content Services, Inc. (OTC: ADCS) CEO Duane Kistler, announced that effective immediately, VStarr™ will be under new leadership.

 

Kistler stated, "I am pleased to announce that Scott Bland of Lima, Ohio has accepted the position of President, for VStarr™, the wholly owned subsidiary of ADCS. Mr. Bland graduated with a bachelor's degree in music education and has led several music programs at several large churches around the country. Additionally, Mr. Bland has toured internationally singing with several groups. His travels include but have not been limited to Peru, Costa Rico, Mexico, and the Bahamas."

 

"As a music teacher for over 10 years, Mr. Bland brings an understanding of the music business and his creative spirit will provide excellent leadership and development of the www.vstarr.com web site. Mr. Bland has an extensive understanding of social networking and what performers are looking for. I am excited about the leadership that Scott brings to VStarr™," continued Kistler.

 

On 7-1-08, the company accepted the resignations of Chris & Sarah McKenna from all involvement with VStarr/ADCS. Chris and Sarah will not be involved with the new business model. We wish them well as they pursue other interests. Additionally, the company is in the process of retaining a new investor relations firm. All inquiries should be sent to investorrelations@adcsps.com. Bill Deaton will continue as Vice President. Bill brings 30 years of music production and recording to VStarr™. The company is honored to have such talent on the team.

 

"I am excited with our new team of industry professionals. This new management team is exactly what we need to develop the web site and associated business. Advanced Content Services, Inc.'s focus has expanded into that of a holding company. We are looking at several business models to add to the portfolio. Due to the real estate market crisis, there is tremendous opportunity and value to be obtained. I hope to add real estate holdings to our portfolio in the future. Each division will operate independent of each other as its own profit center, wholly owned by Advanced Content Services, Inc.," concluded Kistler.

 

HILAND HOLDINGS GP, LP (NASDAQ: HPGP)

"Up 32.08% in morning trading"

 

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

 

Hiland Partners, LP is a publicly traded midstream energy partnership engaged in purchasing, gathering, compressing, dehydrating, treating, processing and marketing of natural gas, and fractionating, or separating, and marketing of natural gas liquids, or NGLs. Hiland Partners, LP also provides air compression and water injection services for use in oil and gas secondary recovery operations. Hiland Partners, LP's operations are primarily located in the Mid-Continent and Rocky Mountain regions of the United States. Hiland Partners, LP's midstream assets consist of fifteen natural gas gathering systems with approximately 2,147 miles of gathering pipelines, six natural gas processing plants, seven natural gas treating facilities and three NGL fractionation facilities. Hiland Partners, LP's compression assets consist of two air compression facilities and a water injection plant. Hiland Holdings GP, LP owns the two percent general partner interest, 2,321,471 common units and 3,060,000 subordinated units in Hiland Partners, LP, and the incentive distribution rights of Hiland Partners, LP.

 

HPGP News:

 

December 27 - Hiland Partners, LP and Hiland Holdings GP, LP Announce Adjournment of Special Meetings of Unitholders and Extension of Merger Agreements

 

Hiland Partners, LP (Nasdaq: HLND) and Hiland Holdings GP, LP (Nasdaq: HPGP) announced that each company will adjourn its special meeting of unitholders scheduled for this morning. The meetings are being adjourned to allow the boards of directors and conflicts committees additional time to consider the previously announced proposals made by Harold Hamm, on behalf of certain of his affiliates, to increase the merger consideration payable to each company's common unitholders.

 

The Hiland Partners special meeting will be adjourned and the vote postponed until November 3, 2009 at 3:30 p.m., central time, and the Hiland Holdings special meeting will be adjourned and the vote postponed until November 3, 2009 at 4:30 p.m., central time. Each special meeting will be held at 302 N. Independence, Ball Room, Second Floor, Enid, Oklahoma 73701.

 

On October 26, 2009, in letters to the conflicts committees of the Hiland companies, Mr. Hamm proposed amending the merger agreements between certain of his affiliates and each Hiland company to increase the consideration payable to Hiland Partners common unitholders from $7.75 to $10.00 per common unit and to increase the consideration payable to Hiland Holdings common unitholders from $2.40 to $3.20 per common unit, respectively.

 

In connection with Mr. Hamm's proposal and the adjournment of the Hiland Partners special meeting, Hiland Partners and Mr. Hamm have agreed to amend the merger agreement between Hiland Partners and affiliates of Mr. Hamm to extend its end date to November 6, 2009. Similarly, Hiland Holdings and Mr. Hamm have agreed to amend the merger agreement between Hiland Holdings and affiliates of Mr. Hamm to extend its end date to November 6, 2009. In his letter to each conflicts committee, Mr. Hamm indicated that, if his proposals are accepted, he expects that the end date under each merger agreement would be further extended as necessary to consummate the transactions.

 

The record date for determining unitholders eligible to vote at the special meetings will remain September 9, 2009. Valid proxies submitted by unitholders of Hiland Partners or Hiland Holdings prior to the adjourned October 27, 2009 special meetings will continue to be valid for purposes of the reconvened special meetings scheduled for November 3, 2009.

 

Common unitholders of Hiland Partners or Hiland Holdings as of September 9, 2009 who have not voted but wish to do so or who would like to change their vote should contact D.F. King at 1-800-967-4612.

 

CHINA TECHNOLOGY DEVELOPMENT GROUP (NASDAQ: CTDC)

"Up 30.60% in morning trading"

 

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

 

CTDC is a growing integrated clean energy group based in China to provide solar energy products and solutions. CTDC's major shareholders include China Merchants Group, a state-owned conglomerate in China, and Beijing Holdings Limited, the largest offshore subsidiary established by Beijing Municipal Government.

 

CTDC News:

 

October 27 - CTDC to Acquire Majority Interest in On-Grid Solar Power Station Business

 

China Technology Development Group Corporation (Nasdaq: CTDC) ("CTDC" or "the Company"), a growing integrated clean energy group based in China that provides solar energy products and solutions, announced that the Company has entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") with China Technology Solar Power Holdings Limited ("CTSPHL Group") and its direct and indirect shareholders to acquire a 51% equity interest and become the major shareholder of CTSPHL Group.

 

CTSPHL Group, through its wholly-owned subsidiary, is developing a 100MW grid-connected solar power plant project located in Delingha City of Qaidam Basin in Qinghai Province, Northwestern China (the "Delingha 100MW Solar Project"). Upon closing of the acquisition, the Company and CTSPHL Group will jointly develop the Delingha 100MW Solar Project. CTDC believes that its co-development of the Delingha 100MW Solar Project will further its goal of becoming an integrated solar company with strong capabilities in designing, building and operating solar power plants.

 

CTSPHL Group has obtained a 25-year operating license from the Qinghai Provincial Development and Reform Commission for the first phase of the Delingha 100MW Solar Project, consisting of 10MW. Construction commenced on the first phase on 28th September 2009 and is expected to be completed by the end of 2010. Warm congratulations on the project commencement were received from Liaison Office of the Central People's Government in Hong Kong S.A.R, and Mr. Shi Dinghuan, Counselor of State Council of the PRC and Director General of Chinese Renewable Energy Association. Mr. Shi commented, "China's new energy industry is only at its beginning stage. We really welcome more overseas companies to work together with local PV companies to grow and strengthen the new energy sector."

 

"We are very pleased to become a controlling shareholder of CTSPHL Group. This marks a significant step that CTDC has made to enter into the solar power station arena and become one of the first overseas listed Chinese companies to hold an operating license from the Chinese government to operate on-grid solar power stations in China," commented by Mr. Alan Li, Chairman and CEO of the Company. "The Chinese government has been very supportive of the development of renewable energy. Chinese President Hu Jintao listened to our project briefing in March in Beijing with great interest. He highly praised our endeavor in solar plant development. On September 22, 2009, President Hu reiterated China's goal of reaching 15% renewable energy by 2020 at the UN climate summit in New York."

 

Mr. Li further commented, "In response to President Hu's call for a greener and cleaner environment, we are greatly honoured to undertake the responsibility and looking forward to closely cooperating with CTSPHL Group and Qinghai local governments. We are committed to making the Qaidam Basin a leading solar power plant base in the world."

 

GREEN PLANET GROUP INCORPORATED (OTCBB: GNPG)

"Up 23.53% in morning trading"

 

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

 

Green Planet Group, Inc. is an emerging leader in environmentally safe products and services based in Scottsdale, Arizona. The Company engages in ongoing research and development to create products and services that enhance our environment. Revenues are currently derived from the production and distribution of fuel-based energy conservation and clean-air products, as well as through the placement of members of the growing ranks of the unemployed into meaningful “green collar” careers.

 

GNPG News:

 

October 26 - Green Planet Group Grows Revenues 3,000%

 

Green Planet Group, Inc. (OTCBB: GNPG) announced that its second quarter revenues increased to $16,230,000 which is just over a thirtyfold increase from the same period last year. Revenues for the first 6 months were $32.93 million versus $2.37 million from last year.

 

Edmond L. Lonergan, President/CEO of Green Planet Group, stated, “The exponential growth in our revenues has greatly strengthened all areas of our balance sheet as well as our cash flow and P&L performance. We believe that the continuation of this powerful trend will soon lead to sustainable profitability and the steady advancement of our products and Company in the exploding green marketplace.”

 

AMBASSADORS INTERNATIONAL INCORPORATED (NASDAQ: AMIE)

"Up 5.21% in morning trading"

 

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

 

Ambassadors International, Inc. is primarily a cruise company. The Company operates Windstar Cruises, an international, luxury cruise line. The Company is transitioning its headquarters from Newport Beach, California to Seattle, Washington. In this press release, any reference to "Company," "Ambassadors," "management," "we," "us" and "our" refers to Ambassadors International, Inc. and its management team.

 

AMIE News:

 

October 23 - Ambassadors International, Inc. Announces Extension of Exchange Offer for 3.75% Convertible Senior Notes Due 2027 and Designation of Nominees to Serve as Directors of the Corporation

 

Ambassadors International, Inc. (Nasdaq: AMIE) (the "Company") announced that it is extending its previously announced exchange offer (the "Exchange Offer") for any and all of the Company's $97 million of outstanding 3.75% Convertible Senior Notes due 2027, CUSIP Nos. 023178AA4 and 023178AB2 (the "Convert Notes"). The terms of the Exchange Offer are amended accordingly.

 

The new expiration date for the Exchange Offer is 5:00 p.m., New York City time, on Thursday, November 5, 2009, unless further extended or earlier terminated by the Company at its discretion. Tenders of Convert Notes must be made before the Exchange Offer expires and may be withdrawn at any time before the Exchange Offer expires. To receive the consideration in the Exchange Offer, holders must validly tender and not withdraw their Convert Notes prior to the expiration date.

 

Concurrently with the Exchange Offer, the Company is also soliciting consents (the "Consent Solicitation") to remove certain covenants and make certain other amendments to the indenture for the Convert Notes. The Company is also extending the expiration date for the Consent Solicitation so that it is concurrent with the expiration date for the Exchange Offer.

 

To date, the Company has received tenders and consents from holders of approximately $66 million in aggregate principal amount (or approximately 68%) of the outstanding Convert Notes.

 

In addition, the Company announced today that each of the three holders of Convert Notes that entered into an Exchange Offer Commitment and Support Agreement with the Company has, in accordance with the terms of the applicable Exchange Offer Commitment and Support Agreement, designated a nominee to be appointed to the Company's board of directors following consummation of the Exchange Offer. The following individuals have been designated as nominees:

 

* Eugene I. Davis

* Stephen P. McCall

* John Bianco

 

Pursuant to each of the Exchange Offer Commitment and Support Agreements, the Company has agreed that, if the Exchange Offer is consummated and at least 58% (i.e., $56,260,000 in aggregate principal amount) of the outstanding Convert Notes are acquired pursuant to the Exchange Offer, the Company will hold a special meeting of its board of directors within two business days of the consummation of the Exchange Offer and, at that meeting, the board of directors will elect each of the nominees listed above as directors.

 

The Company reserves the right to terminate, withdraw or amend the Exchange Offer and Consent Solicitation at any time, subject to applicable law.

 

Further details about the terms, conditions, risk factors, tax considerations and other factors that should be considered in evaluating the Exchange Offer and Consent Solicitation are set forth in a Schedule TO, which includes an Offer to Exchange and Consent Solicitation (the "Offer to Exchange") and related materials. Such materials were filed with the SEC on September 25, 2009 and distributed to holders of the Convert Notes. Before any holder tenders Convert Notes or otherwise makes any decision with respect to the Exchange Offer and Consent Solicitation, such holder is urged to read the Schedule TO, including the Offer to Exchange and the related materials, and any amendments to such documents, when they become available, and the documents that are incorporated by reference into such documents, because they contain important information. These materials are available free of charge at the SEC's website — www.sec.gov. In addition, copies of the Offer to Exchange and the related Letter of Transmittal and Consent and other documents are available free of charge to holders of the Company's outstanding Convert Notes from the information agent (the "Information Agent") for the Exchange Offer and Consent Solicitation, Globic Advisors at (212) 227-9699.

 

The Exchange Offer and Consent Solicitation are being made solely by means of the above referenced documents. This press release is for informational purposes only and is neither an offer to sell or purchase, nor a solicitation of an offer to buy or sell, any securities of the Company. The shares of Common Stock and New Notes issuable in the Exchange Offer have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law and, unless so registered, may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. None of the Company or its affiliates, the Information Agent or any other person or entity is making any recommendation as to whether or not holders should tender their Convert Notes in connection with the Exchange Offer.

 

EVEROCK / NATURE'S PEAK INCORPORATED (OTC: EVRN)

"Up 15.15% in morning trading"

 

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

 

Everock, Inc. produces a line of all-natural natural gourmet vegetable dips and sandwich spreads marketed under the Nature's Peak brand. Both VeggieDip and VeggieSpread are 100% all-natural, vegetarian, Kosher and gluten-free, contain no preservatives, artificial ingredients, trans-fats, or sugars. And each product currently comes in six flavors each, including novel delicious flavor combinations. Nature's Peak products may be found in natural food stores, specialty groceries as well as in regional and national grocery chains. Our products are also served by restaurants, delis and other food service providers across America.

 

EVRN News:

 

October 26 - Everock, Inc. / Nature's Peak to Sell VeggieDip and VeggieSpread Into Lucrative Military and Government Markets

 

Nature's Peak, through its master broker SourceOne Sales and Marketing, has established a relationship with Danthan Military Distributors, Inc. a leader in marketing to the U.S. Government and Military, to streamline the lengthy process of penetrating these lucrative markets.

 

Everock, Inc. / Nature's Peak (OTC: EVRN) announced that it will begin selling Nature's Peak's full product line to U.S. Military and key Government markets.

 

"We're very excited to now introduce Nature's Peak to the government and those serving in uniformed services. Successfully tapping into the vast potential of high volume - and consistent - sales to U.S. Government and Military can give Nature's Peak income and sales a real and sustainable boost," said Paul Wilkinson, CEO of Nature's Peak.

 

"The Military market represents a cohesive demographic of 1.5 million individuals on active duty with a recession-proof, average household income of $71,827."

 

And the total Market reach is more than 30 million, including active duty, reservists, and veterans with combined spending power exceeding $2 trillion," Wilkinson, continued.

 

"This relationship with Danthan through SourceOne comes at a perfect time as we finalize our capitalization to fulfill current orders and production."

 

Buying patterns that begin in one of the many countries hosting the American military often persist on their return home. This is one reason Nature's Peak believes developing the Military market at this time is a perfect complement to the Company's many existing National channels of distribution.

 

"SourceOne and Danthan have a successful history of collaboration on selling products to the military," said Bob O'Connell, managing partner with SourceOne Sales and Marketing. "Nature's Peak is a dynamic company with great products and we're pleased to assist them in this new market."

 

"We cover all segments of the U.S. Military Resale System on a world-wide basis, said Joyce Morris of Danthan Military Distributors, Inc. "We have substantial experience and a proven track record in helping business market their products and services to the government."

 

Paul Wilkinson, added, "Working with Danthan and SourceOne we will be able to offer healthful and tasteful alternatives for the families of our men and women serving our country and provide special offers as part our coming online sales program."

 

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