Dallas TX 11/6/2009 10:46:27 AM
News / Business

WDAS, EEGC, WLSI, PMDP, RVGD, EDVP OTCPicks.com Stocks to Watch for Friday, November 6th

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Our Stocks to Watch tomorrow include World Assurance Group (OTC: WDAS), Empire Energy Corporation Intl. (OTCBB: EEGC), Wellstar International Inc. (OTCBB: WLSI), Plateau Mineral Development Inc. (OTC: PMDP), Revenge Designs Inc. (OTC: RVGD) and Endeavor Power Corp. (OTCBB: EDVP).

 

WORLD ASSURANCE GROUP INCORPORATED (OTC: WDAS)

"Up 143.48% on Thursday"

 

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

 

World Assurance Group, through its wholly owned subsidiary Anav Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets.

 

WDAS News:

 

November 4 - World Assurance Group (WDAS.OTC) Subsidiary Anav Holdings Corporation to Utilize Environmentally Green Building Systems for Ecuadorian Projects

 

Ecuadorian Foreign Investment Increases $203 Million

 

World Assurance Group (OTC: WDAS) announced that its subsidiary Anav Holdings Corporation in conjunction with its Ecuadorian projects intend to build new construction and homes out of revolutionary new building products which are environmentally green. The new products significantly reduce the time and cost of construction as well as eliminating the waste, therefore, causing a positive impact on the environment especially in comparison with stick build methods. The Company is presently working with Sustainable Green Corporation to develop homes in Mexico and is also investigating the use of a Mold Free building system as well as other Green building systems.

 

Ecuador's direct foreign investment totaled $203 million in the second quarter of 2009, rising from the $103 million registered in the same period last year, the central bank said Wednesday. The central bank said $44 million of the FDI came from Argentina, $24 million from Mexico, $21 million from Spain, $15 million from Panama, and the rest from other countries. Foreign direct investment in Ecuador totaled a net $121 million in the first quarter of 2009.

 

WDAS had announced on Oct 22, 2009 that its subsidiary Anav Holdings Corporation signed a proposal to enter into a purchase agreement for an 8.5% participating interest in a 15 hectare private housing community located at one of the leading ports in Latin America with Premier Developments. The project's first phase is in full production and has already sold 20% of the 207 homes. The entire project including phase two will be an estimated 500 home development.

 

Jonathan B. Morgan, President of WDAS, stated, "We are looking forward to beginning to build and develop Ecuador, Mexico and other areas. We believe that Mexico, Central America and South America are within our reach within 12 to 18 months. The building methods and products that are being utilized are world class."

 

ABOUT PREMIER DEVELOPMENT GROUP

 

Premier Development Group is a leading Housing and Construction Company with offices located in both Machala and Quito Ecuador and head offices in Miami Florida. Premier is developing housing units and is currently working in Ecuador, Mexico and Guatemala. The Nuevos Horizantes project is currently in full production and has sold 20% of Phase One in Machala, Ecuador.

 

ABOUT SUSTAINABLE GREEN CORPORATION

 

Sustainable Green Corporation utilizes a multi-patented composite building system that utilizes Expanded Polystyrene as the core material for all structural members — walls, roof, and floor. The material is sprayed with a composite coating made of a precise blend of sand, cement, glass fiber and other patented additives that together create a building shell that meets or exceeds all testing protocols and load requirements of the ICC-ES. (ICC-ES is the United States' leader in evaluating building products for compliance with code and is a nonprofit, public-benefit corporation, www.icc-es.org). The building system is intrinsically linked to the installation and application of a building system; it has a patented analysis program that accurately predicts the performance capability of a building utilizing any architectural design under any set of climate conditions. The system is earthquake resistant, hurricane resistant (tested to 260 MPH, rated 170 MPH), vapor proof, water proof, mold resistant, air tight and 100% recyclable. It compares favorably by price to timber, which creates more waste and has a negative impact on the environment.

 

EMPIRE ENERGY CORPORATION INTERNATIONAL (OTCBB: EEGC)

"Up 124.00% on Thursday"

 

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

 

Empire Energy Corporation is an international oil and gas exploration company, focusing on developing assets in one of the world's last virgin basins and to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Tasmania's central and northern basins.

 

EEGC News:

 

November 5 - Empire Signs Back to Site Agreement with Hunt Energy Drilling, Orders Independent Report by RPS to Further Validate U.S. $3.3 Billion WHK Valuation and Publishes Final Report on SEL 13/98

 

Empire Energy Corp. Intl. (OTCBB: EEGC) has signed a “Back to Site Agreement” with Hunt Energy Drilling of Australia. In the agreement, Hunt Energy has agreed to return to the Bellevue drill site which has been prepared for drilling operations. Malcolm Bendall said, “We welcome the signing of this agreement with Hunt Energy and look forward to working together and the commencement of drilling on the Bellevue site.”

 

Empire intends to start drilling at Bellevue and follow with drilling at the Thunderbolt site. Bellevue and Thunderbolt are the two largest domes discovered during the extensive exploration efforts by Empire and Great South Land Minerals (wholly owned subsidiary). Bellevue and Thunderbolt were identified as areas believed to be capable of containing substantial commercial quantities of oil and gas.

 

Empire has re-commissioned RPS Energy (a world leader in oil and gas valuations) to further evaluate and validate the Bellevue and Thunderbolt structures to underpin the US$3.3 billion (equal to US$10 per share) asset value determined by WHK and has arranged increased accommodation availability at Bronte Park to house the additional workforce needed to complete the work at Bellevue.

 

The Final Report documenting all work accomplished on SEL 13/98 has been completed and submitted to Mineral Resources Tasmania. This detailed document is now at printers to be mailed to Empire shareholders and will be posted on the Empire Energy websites www.empireenergy.com and www.gslm.com for public viewing. Malcolm Bendall, CEO, said, ”This report details the substantial volume of work accomplished by Empire and their wholly owned subsidiary Great South Land Minerals on the license property and previous from 1984 – 2009. Empire looks forward to the beginning of their 15 well drilling program and developing the potential of the vast Tasmanian Basin for the benefit of Tasmania and the Empire shareholders.”

 

WELLSTAR INTERNATIONAL INCORPORATED (OTCBB: WLSI)

"Up 100.00% on Thursday"

 

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

 

Wellstar International, Inc., through its wholly owned operating subsidiary Trillenium Medical Imaging, Inc. (TMI), is poised to become a leading diagnostic company in the health care industry. TMI has developed and is marketing fully calibrated and functional, thermal imaging systems that utilize state-of-the-art infrared technologies and proprietary software to accurately and cost-effectively measure physiological changes in the human body. More information on the Company and its unique diagnostic software and product line is available on Wellstar's corporate Website.

 

WLSI News:

 

October 14 - Wellstar International Announces Funding

 

Wellstar International, Inc. (OTCBB: WLSI) has announced that it has entered into a financing agreement with JMJ Financial to provide the Company with an expected $1.2 million dollars in operational funding over the eighteen months. Details of the financing were contained in the Company's Form 8-K filing with the Securities and Exchange Commission on October 9, 2009.

 

The initial funding has been transferred to Wellstar and is expected to continue on a monthly basis. This funding will allow Wellstar to continue to operate in the near future and develop the completion of its Trillennium Medical Imaging System for rollout to the medical community. Although we have entered into a definitive agreements with respect to the financing with JMJ Financial, we cannot provide any guarantee that the funding outlined in the agreements will continue on a monthly basis or at all.

 

Wellstar International, Inc. seeks to be the first-to-market in deep tissue injury and pressure ulcer detection using its proprietary infrared imaging system. Thermal Imaging is a low cost, noncontact, non-radioactive diagnostic screening procedure designed for clinical evaluation. In addition, thermal imaging provides an ability to track the progress of therapies being utilized in a low cost, non-invasive manner. Thermal Imaging can detect signs of pressure ulcers before they are visible with the naked eye through detection of temperature changes at the site which allows for treatment of the pressure ulcer before it erupts. The TMI system can be used to scan all new patients into hospitals and long-term care facilities prior admittance and begin treating existing wounds before they are visible.

 

PLATEAU MINERAL DEVELOPMENT INCORPORATED (OTC: PMDP)

"Up 53.85% 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."

 

REVENGE DESIGNS INCORPORATED (OTC: RVGD)

"Up 50.00% on Thursday"

 

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

 

Revenge Designs Inc., a specialty car designer and production assembler, is headquartered in a facility in North Eastern Indiana. Mr. Peter Collorafi, President and CEO of Revenge Designs Inc., is a car designer from Queensland, Australia. Mr. Collorafi has been designing and installing custom modifications for factory produced vehicles since 1980. The Revenge GTM-R Super Car is the company's first production vehicle. Their other products include the Revenge Solstice, Revenge Ridgeline, and the award winning Revenge GTO.

 

RVGD News:

 

October 23 - Revenge Designs Inc. Update to Shareholders

 

Revenge Designs Inc. (OTC: RVGD) announces that it is on track with the Verde Super car concept vehicle, marked for completion mid December 2009.

 

DuPont registry publishing will be the first magazine to have the scoop on the Revenge Verde Super car renderings in their December 2009 issue. This also kicks off a twelve month advertising campaign with this prestigious automotive magazine.

 

Revenge has received conformation of our site for the release of the Verde Super car at the North American International Auto Show, held in Detroit, MI January 11th through 24th, 2010 at the Cobo Center.

 

Negotiations are still ongoing with Henry County Ohio Revolving loan committee and also various private placement investors who have come to the table with assisting Revenge to locate the first Certified Installation Center and training facility in Ohio which will also house management and marketing staff.

 

Mr. Peter Collorafi, CEO/President of Revenge, will be attending SEMA (Specialty Engineering Manufactures Association) along with Mr. Douglas Palmear, owner of HP2G in November. Mr. Collorafi stated, "We are all very excited with the interest in the installation centers in California and looking forward to face to face meetings with all interested parties." Mr. Palmear will also be speaking at the opening of SEMA to discuss all aspects of the HP2G Hybrid V8 engine technology, which is offered as an engine option in the Revenge Super car. The HP2G engine is the first Hybrid assisted V8 engine, supplying its own energy recharge to support the E85 fuel. Engine specifications will be announced after the SEMA release. There will also be an engine on display at the Detroit Auto Show at the Revenge Exhibit.

 

ENDEAVOR POWER CORPORATION (OTCBB: EDVP)

"Up 35.47% on Thursday"

 

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

 

Endeavor Power Corp. is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States. Endeavor's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. Endeavor also aims to define larger projects that can be developed with Joint Venture partners.

 

EDVP News:

 

October 14 - Endeavor Announces Corporate Update

 

Endeavor Power Corp. (OTCBB: EDVP) (the "Company") announced that its Board of Directors approved a 1 for 10 reverse stock split. The reverse stock split will reduce the number of issued and outstanding shares of the Company. The reverse stock split is subject to approval by the Company's stockholders and certain other conditions. There can be no assurances at this time that the reverse stock split will be consummated. A special stockholders meeting to consider this matter is tentatively scheduled for some time during the 4th quarter, with the exact timing dependent on the SEC's review of the necessary filings.

 

The Company will file an Information Statement with the SEC that describes the reverse stock split in greater detail, with such Information Statement addressing other corporate actions as well such as reelection of the Company's officers and directors and approval of an Employee Stock Option Plan. Upon SEC approval, the Company will mail a copy of the Information Statement to all stockholders of record announcing the special meeting.

 

Brandon Toth, Endeavor's President and chief executive officer, stated, "It is the opinion of the Company's Board of Directors that a reverse stock split is in the best interests of the stockholders as it will allow the Company to more aggressively pursue potential oil and gas acquisitions, or even to consider possible merger candidates."

 

The announcement of the proposed reverse stock split described above is not a solicitation of a proxy. The Company will hold a special meeting of stockholders to vote on the transaction. Prior to the meeting, the Company will mail to the Company's stockholders an Information Statement that will contain important information regarding the meeting and the transaction, including, among other things, the recommendation of the Company's Board of Directors regarding the transaction. Stockholders of the Company are advised to read the materials. Copies of the Information Statement materials, and any amendments or supplements thereto, will be available without charge at the SEC's website.

 

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