Our Stocks to Watch today include American Sierra Gold Corp. (OTCBB: AMNP), Pay88 Inc. (OTCBB: PAYI), Jaguar Mining Enterprises Inc. (OTC: JAGR), Cheyenne Resources Corp. (OTCBB: CYRS), Vega Promotional Systems Inc. (OTC: VGPR), Savoy Energy Corp. (OTCBB: SNVP), America West Resources Inc. (OTCBB: AWSR), Beazer Homes USA Inc. (NYSE: BZH), Premier Financial Bancorp Inc. (Nasdaq: PFBI), Green Star Alternative Energy Inc. (OTC: GSAE) and Onstream Media Corp. (Nasdaq: ONSM).
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AMERICAN SIERRA GOLD CORPORATION (OTCBB: AMNP)
"Up 4.11% 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:
November 10 - American Sierra Gold Corp. Signs LOI to Acquire Copper-Gold-Silver Project
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, announced that it has signed a Letter of Intent to acquire a 100% interest in the Carol Project located in southern Sonora State, Mexico.
The Carol Project
The Carol property is comprised of six mineral concessions that cover 1,868 acres. It is located approximately 2 miles north of Frontera Copper Corp.'s Piedras Verdes copper porphyry mine, which is currently producing and has a reported proven and probable reserve of 191 million tonnes grading 0.36% copper.
The property is host to three distinct mineralized targets: the bulk tonnage-style Balde copper-zinc-gold-silver skarns, the Escondida shear zone and high-grade epithermal vein-hosted silver and gold.
The Balde Norte skarn is exposed over an area at least 700m long by 180m across, whereas the larger Balde Sur skarn target is exposed over an area that measures 1,100m by 400m. Small gambusino-style workings occur at the northern end of the Balde Sur target where sampling returned 8 metres grading 1.62% copper, 4.18% zinc and 10.0 g/t silver.
In the centre of the property is the La Escondida zone where sampling returned 8 metres averaging 1.10 g/t Au, 21.23 g/t Ag as well as 2.25% Cu. This zone is open both along strike and to depth. In 2008, a new gold zone discovered at Carol uncovered 20 metres averaging 0.66 g/t gold that is open in all directions. The highest gold assay received was 2.24 g/t.
"The Carol project is a valuable addition to our project portfolio. It has an exciting potential to host a bulk tonnage copper-gold-silver deposit and the property's infrastructure is excellent. A trenching program carried out in 2008 showed that the property contains multiple targets with average grades greater than 1% copper, 1% zinc, 6 g/t silver and 0.3 g/t gold," commented Wayne Gruden, CEO of American Sierra.
"Several of the target zones remain open in at least one direction. This is significant in that there is the potential, with additional exploratory work, to show mineralization over much wider widths. We will initiate the due diligence process as soon as possible and expect to sign a final agreement in the near future," added Mr. Gruden.
Under the terms of the Letter of Intent, to earn a 100% interest American Sierra will be required to pay the vendor US$50,000, spend US$600,000 on exploration expenditures over a three year period and issue 500,000 shares during the same period.
Correction to Press Release Dated September 30, 2009 on Urique Project
Our news release of September 30, 2009 reported one sampling result on the Urique South Zone that was incorrect. Please note that the correct local bonanza grade gold found on this zone was 10.6 g/t (grams per ton) gold.
PAY88 INCORPORATED (OTCBB: PAYI)
"Up 3.40% in morning trading"
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
PAYI News:
November 9 - Pay88, Inc. Takes First Step to Becoming Online Supermarket of Financial Products and Services
Pay88, Inc. (OTCBB: PAYI) announced that it has signed an LOI with Chongqing Kai Yuan investment Co. marking Pay88's first step toward achieving their goal of becoming China's online supermarket of financial products and services.
Chongqing Kai Yuan Investment Co. is a niche financial services firm that provides micro-loans to small enterprises throughout
Pay88, is already the leading reseller of internet game time in
The agreement with Chongqing Kai Yuan will soon make it possible for new clients to use Pay88's platform to apply for loans online. In addition, it will allow current clients to register, maintain and update their business profiles and financial reports online, a convenience that wasn't previously available. Pay88 projects the expansion of their platform, making these services fully available, will be complete by Q1 of 2010.
Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, "Kai Yuan has a solid management structure with excellent local know-how about Chinese enterprises, the capital markets and the finance systems, and they provide valuable financial products and services to their clients. This agreement leverages Pay88's large customer base, diverse distribution channels and strong presence in
"Our long-term goal," he adds, "is to digitize and streamline the whole processes of customer acquisition, client management, loan application and loan issuing. Once the expansion of our platform is complete, we plan to co-design and digitize an entire series of financial products, not only with Chongqing Kai Yuan Investment Co., but with many reputable financial services firms."
JAGUAR MINING ENTERPRISES INCORPORATED (OTC: JAGR)
"Up 31.15% in morning trading"
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
JAGR News:
October 27 - Jaguar Mining Enterprises Files Its Initial Disclosure Statement on Pink Sheets
Jaguar Mining Enterprises, Inc. (OTC: JAGR), an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico, announced that the company has filed its Initial Information and Disclosure Statement through OTC Disclosure and News Service. A current summation of the company and its business objectives is now available on Pink Sheets (www.pinksheets.com) under the company's symbol, JAGR.
Jaguar Mining also announced that it has begun discussions with a
CHEYENNE RESOURCES CORPORATION (OTCBB: CYRS)
Detailed Quote: http://www.otcpicks.com/quotes/CYRS.php
Company Profile: http://www.otcpicks.com/cheyenne-resources.htm
Cheyenne Resources Corp. engages in the exploration and development of oil and gas properties primarily in the
CYRS News:
November 6 -
Cheyenne Resources Corp. (OTCBB: CYRS), an emerging company focusing on major exploration and production reclamation projects in the oil and gas sector, reported that it currently is in negotiations to secure 1,000 acres of property in Abilene, Texas.
The site has reported reserves of 15.7 million barrels of oil at depths of less than 1,000 feet. There are 11 additional zones on the property with recoverable crude at depths of 500 to 4,500 feet.
"Upon successful completion of negotiations," states Cheyenne Resources President Thomas J. Cunningham, "re-work will commence immediately. Within six months, we expect production of 150 barrels of oil per day. At a price of $70 per barrel, that would yield revenues of approximately $315,000 per month, or nearly $4 million annually. Cheyenne Resources will have an 80% working interest in this property."
VEGA PROMOTIONAL SYSTEMS INCORPORATED (OTC: VGPR)
Detailed Quote: http://www.otcpicks.com/quotes/VGPR.php
Company Profile: http://www.otcpicks.com/Newsletter/VGPR_eProfile_110909.html
Vega Biofuels, Inc. (VGPR) was formed to pursue the production and sale of biofuel products throughout the world. With the growing need for clean energy, and the uncertain costs of fossil fuels, power generating plants around the world are looking at more useful and economical methods to run their power systems.
VGPR News:
November 5 - Vega Redesigns '
Vega Promotional Systems, Inc. (OTC: VGPR) announced the Company has entered into an Agreement with green energy expert, Robert Chew to redesign the "Green Valley Project."
Located in western
Vega recently announced it has entered into a Gas Purchase Agreement with
The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Green Valley Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets.
Mr. Chew has been retained to manage the redesign of the project. One change that will be made is that the power generating capacity of the facility will be increased by 100% to generate approximately 5 megawatts of power that will be sold to the local power company.
A seasoned veteran of the energy industry, Mr. Chew has spent 17 years in the power sector mostly in
The Company will release additional details on The Green Valley Project as the project moves forward.
SAVOY ENERGY CORPORATION (OTCBB: SNVP)
"Up 91.45% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SNVP.php
Savoy Energy Corporation is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the
SNVP News:
November 2 - SmallCapSentinel.com Report on Oil and Gas Released
SmallCapSentinel.com announces the release of a profile of emerging Oil and Gas company Savoy Energy (OTCBB: SNVP) of interest to investors of oil and gas leaders Credo Petroleum Corporation (Nasdaq: CRED), Newfield Exploration Company (NYSE: NFX), Cano Petroleum (AMEX: CFW) and Swift Energy (NYSE: SFY) .
The report and profile is available at http://smallcapsentinel.com/SNVP.
From the report: “It may appear that Savoy Energy is just a smaller version of a traditional exploration firm but when you dig a little deeper, there are stark differences to be discovered and those could be positive catalysts going forward.
"Up 10.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AWSR.php
Headquartered in Salt Lake City, Utah, America West Resources, Inc. is an established domestic coal producer focused on the mining of clean and compliant (low-sulfur) coal and its sale primarily to
AWSR News:
November 10 -
Grants Customer Right to Purchase Up to Twice the Amount of Coal Contracted Potentially Yielding Up to $36 Million in Total Revenues Over Five Years
America West Resources, Inc. (OTCBB: AWSR), a domestic compliant coal producer with mining operations in Central Utah, announced that the Company has received a five-year coal supply contract from a major U.S. commodity producer and refinery. The contract, valued at $18 million, provides for America West to supply the company with compliant coal mined from its Horizon Mine. The new customer has also been granted the right to purchase additional tons of coal each year over the life of the contract, which if fully exercised could yield a total of $36 million of revenues to America West.
Commenting on the new supply contract, Dan Baker, Chief Executive Officer of America West, noted, "Now that we have stabilized coal production at Horizon and are currently producing approximately 30,000 tons per month from a single mining section, we are in active negotiations with a number of new potential customers who are seeking clean compliant coal to fuel their respective energy needs. To that end, we are very pleased to welcome this new client to our growing customer base and look forward to further expanding the number of domestic and international companies we supply as coal production from Horizon continues to ramp up."
"Up 3.84% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BZH.php
Beazer Homes USA, Inc. engages in the design, building, and sale of single-family and multi-family homes in the
BZH News:
November 10 - Beazer Homes Reports Fourth Quarter and Full Year Fiscal 2009 Results
Beazer Homes USA, Inc. (NYSE: BZH) announced its financial results for the fiscal quarter and year ended September 30, 2009. Commencing with the fiscal quarter ended September 30, 2009, the Company has classified the results of operations historically included in its “Other Homebuilding” segment as discontinued operations in its consolidated statements of operations for all periods presented. Summary results of the quarter and fiscal year from continuing operations are as follows:
Quarter Ended September 30, 2009
* Income from continuing operations of $35.3 million, or $0.87 per diluted share, including non-cash pre-tax charges of $29.9 million for inventory impairments and abandonment of land option contracts. The results also include a pre-tax gain on early extinguishment of debt of $89.3 million, as further described below. For the fourth quarter of the prior fiscal year, the Company reported a loss from continuing operations of $(453.8) million, or $(11.77) per share.
* Total revenue: $376.3 million, compared to $649.8 million in the fourth quarter of the prior year.
* Home closings from continuing operations: 1,685 homes, a decrease year-over-year of 24.3%.
* New orders from continuing operations: 1,012 homes, an increase year-over-year of 2.4%.
* Cancellation rate improved to 34.7% in the fourth quarter compared to 46.3% in the fourth quarter of the prior year.
* Gross profit margin of 6.6% (14.6% without impairments and abandonments), compared to -0.7% (7.1% without impairments and abandonments) in the fourth quarter of the prior year.
* During the quarter, the Company repurchased $269.3 million of senior notes for an aggregate purchase price of $189.5 million or an average price of 70.4%, resulting in a pre-tax gain on early extinguishment of debt of $75.0 million.
* During the quarter, the Company negotiated a reduced payoff of one of its secured notes payable resulting in a pre-tax gain on early extinguishment of debt of $14.3 million.
Fiscal Year Ended September 30, 2009
* Loss from continuing operations of $(178.0) million, or $(4.60) per share, including non-cash pre-tax charges of $97.0 million for inventory impairments and abandonment of land option contracts, $13.8 million for impairments in joint ventures and $16.1 million for goodwill impairments. The results also include a non-cash deferred tax valuation allowance of $52.8 million and a pre-tax gain on extinguishment of debt of $144.5 million. For the prior fiscal year, the Company reported a loss from continuing operations of $(800.8) million, or $(20.77) per share.
* Total revenue: $1.01 billion, compared to $1.81 billion in the prior year.
* Home closings from continuing operations: 4,330 homes, a decrease year-over-year of 35.3%.
* New orders from continuing operations: 4,205 homes, a decrease year-over-year of 22.2%.
* Cancellation rate improved to 31.4% in fiscal 2009, compared to 39.6% in fiscal 2008.
* Gross profit margin of 2.1% (11.7% without impairments and abandonments) for the fiscal year, compared to -12.9% (9.5% without impairments and abandonments) the prior fiscal year.
* During the fiscal year, the Company repurchased $384.8 million of senior notes for an aggregate purchase price of $247.7 million or an average price of 64.4%, resulting in a pre-tax gain on early extinguishment of debt of $130.2 million.
As of September 30, 2009
* Total cash and cash equivalents: $556.8 million, including restricted cash of $49.5 million.
* Backlog: 1,193 homes with a sales value of $280.8 million compared to 1,318 homes with a sales value of $318.4 million as of September 30, 2008.
Ian J. McCarthy, President and Chief Executive Officer, said, “Following difficult market conditions throughout fiscal 2009, we were pleased to finish the year with a fourth quarter year-over-year increase in net new home orders from continuing operations, improved gross margins and a significant cash balance. During the quarter, we experienced some moderation in negative market trends, with attractive interest rates, historically high housing affordability and the federal tax credit attracting more prospective buyers to purchase a new home. Nonetheless, elevated unemployment and rising foreclosure activity make it difficult to predict when and to what extent the housing market will sustainably recover. In light of the difficult market conditions, we will maintain a disciplined operating approach, focused on gradually improving profitability and protecting our liquidity.”
Results for the Quarter Ended September 30, 2009
Homebuilding revenues from continuing operations declined 30.8% in the September quarter, due to a 24.3% decline in home closings and an 8.6% decline in the average selling price of homes closed compared to the same period of the prior year. Net new home orders from continuing operations increased 2.4% compared to the fourth quarter of last year, driven by a 35.5% increase in new orders in the East segment. The cancellation rate for the fourth quarter improved to 34.7%, compared to 46.3% a year ago.
Overall, margins continued to be negatively impacted by weak market conditions, impacting both closing volumes and pricing, and by non-cash pre-tax charges for inventory impairments and lot option abandonments of $29.7 million and $0.2 million, respectively. Compared to the fourth quarter of the prior year, however, gross profit margin improved to 6.6% (14.6% without impairments and abandonments), compared to -0.7% (7.1% without impairments and abandonments) in the fourth quarter of the prior year.
The Company controlled 30,638 lots at September 30, 2009 (83% owned and 17% controlled under options), including 762 owned lots in discontinued operations. This reflects a reduction of 22.7% from the level at September 30, 2008.
As of September 30, 2009, unsold finished homes totaled 270, a decline of approximately 34% from the level a year ago. The Company substantially reduced its land and land development spending in fiscal 2009, which totaled $198.8 million, compared to $333.4 million in fiscal 2008.
Liquidity and Liability Management Initiatives
At September 30 2009, the Company had cash and cash equivalents of $556.8 million, including restricted cash of $49.5 million to collateralize outstanding letters of credit.
As previously reported, on September 11, 2009, the Company issued and sold $250 million aggregate principal amount of 12% Senior Secured Notes due 2017 at an issue price of 89.50%, resulting in net proceeds to the Company of $220 million, which were used to replenish cash that had been used to fund open market repurchases of outstanding senior notes that it had made or agreed to make since April 1, 2009.
During the fourth fiscal quarter, the Company repurchased $269.3 million of outstanding senior notes for an aggregate purchase price of $189.5 million, or an average price of 70.4%, plus accrued and unpaid interest. These repurchases resulted in a pre-tax gain on the extinguishment of debt of approximately $75.0 million. As previously reported, in August 2009, the Company also negotiated a reduced payoff of one of its secured notes payable relating to a joint venture which was previously consolidated by the Company, resulting in a pre-tax gain on early extinguishment of debt of $14.3 million.
The Company also announced its intention to file a Form S-3 Universal Shelf registration statement under which it may offer, from time to time, senior debt securities, subordinated debt securities, common stock, preferred stock, depositary shares, warrants, rights, stock purchase contracts or stock purchase units. However, the Company is not pursuing any particular offering under the registration at this time.
PREMIER FINANCIAL BANCORP INCORPORATED (NASDAQ: PFBI)
"Up 52.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PFBI.php
Premier Financial Bancorp, Inc., a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses primarily in
PFBI News:
October 6 - Premier Financial Bancorp Announces Receipt of $22 Million From
Premier Financial Bancorp, Inc. (Nasdaq: PFBI) (Premier), a $1.1 billion community bank holding company with eight bank subsidiaries, announced that the company received $22,252,000 of new equity capital funding from the U.S. Treasury Department's Capital Purchase Program. Under the Capital Purchase Program, which is part of the Emergency Economic Stabilization Act, the Treasury Department has agreed to buy preferred stock and related common warrants in qualifying
On October 2, 2009, Premier issued and sold to the United States Department of the U.S. Treasury 22,252 of Premier's Fixed Rate Cumulative Perpetual Preferred Shares, Series A, each without par value and having a liquidation preference of $1,000 per share ("Series A Preferred Shares") and a ten-year warrant to purchase 628,588 Premier common shares, each without par value, at an exercise price of $5.31 per share, for an aggregate purchase price of $22,252,000 in cash. The Series A Preferred Shares will pay an annual dividend of 5% during the first five years and 9% each year thereafter, unless redeemed by Premier.
Premier's President and CEO Robert W. Walker commented, "We are pleased with the approval by the U.S. Treasury to enable Premier to participate in the Capital Purchase Program on a pro forma basis with our recent acquisition of Abigail Adams National Bancorp, Inc. These funds will help to strengthen the organization and our lending programs."
On October 1, 2009, Premier announced the consummation of its acquisition of Abigail Adams National Bancorp, Inc., ("Adams") a $382 million bank holding company headquartered in
GREEN STAR ALTERNATIVE ENERGY INCORPORATED (OTC: GSAE)
"Up 13.21% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/GSAE.php
Green Star Alternative Energy is an environmentally conscious, renewable energy producer. The Company is working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. Green Star is pursuing a significant opportunity to provide clean energy to the growing
GSAE News:
November 9 - Green Star Erects Wind Sensor at Ram
Green Star Alternative Energy, Inc. (OTC: GSAE) (“GSAE” or the “Company”) announces the installation of a wind measurement tower just outside the settlement of Ram, located in the 50 MW region of Veliko Gradiste.
The terrain had been carefully analysed and months of preparation and licensing have culminated in this deployment. The data gathered will provide the necessary air flow information for Green Star to design, engineer, and optimize this 50 MW potential wind farm.
The
ONSTREAM MEDIA CORPORATION (NASD: ONSM)
"Up 2.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ONSM.php
Onstream Media Corporation operates as an online service provider of live and on-demand Internet video, corporate Web communications, and content management applications. Its Digital Media Services Group consists of Smart Encoding, Digital Media Services Platform (DMSP), User Generated Content (UGC), and EDNet divisions. The Smart Encoding division provides automated and manual encoding and editorial services for processing digital media, and online search, retrieval, and streaming of these media, which include photos, videos, audio, engineering specs, architectural plans, and Web pages. The DMSP division offers an online subscription-based service that includes access to enabling technologies and features for clients to acquire, store, index, secure, manage, distribute, and transform digital assets into saleable commodities. The UGC division provides a video ingestion and flash encoder that could be used by its clients on a stand-alone basis or in conjunction with the DMSP. The EDNet division provides connectivity within the entertainment and advertising industries through its managed network, which encompasses production and post-production companies, advertisers, producers, directors, and talent. The company's Web Communications Services Group comprises Webcasting, Infinite Conferencing, and Travel divisions. The Webcasting division provides an array of corporate-oriented, Web-based media services to the corporate market, which include live audio and video Webcasting, and on-demand audio and video streaming. The Infinite Conferencing division offers reservationless and operator-assisted audio and Web conferencing services. The Travel division produces and distributes Internet-based multi-media streaming videos related to hotels, resorts, time-shares, golf facilities, and other travel destinations. The company was founded in 1993 and is headquartered in
ONSM News:
November 4 - Onstream Media Expands Federal Government Business
New Contracts with the Department of the Treasury, REJ & Associates (a Prime Contractor for HUD's Federal Housing Administration) and a Renewal with the Nuclear Regulatory Commission
Onstream Media Corporation (Nasdaq: ONSM) a leading online service provider of live and on-demand internet video, corporate web communications and content management applications, today announced two Federal Government agreements including the Department of the Treasury's Internal Revenue Service (IRS) and the Nuclear Regulatory Commission (NRC). Onstream Media also announced a third agreement with strategic partner REJ & Associates, Inc. to provide Webinar services to the U.S. Department of Housing and Urban Development's Federal Housing Administration (FHA) Philadelphia Homeownership Center (HOC).
"Our business relationships with various federal and state governments have never been stronger," said Randy Selman, President and Chief Executive Officer of Onstream Media. "As demand for our multi-media web communication products and services continues to increase on the commercial side of our business, we're also pleased to report continued growth in the government sector, which we expect to continue to rise in the years to come."
Under the agreement with the IRS, Onstream Media will provide its comprehensive Digital Media Services Platform (DMSP) and live and on-demand webcasting services for ongoing education and targeted outreach delivery services. The IRS will use Onstream Media's technology to communicate important tax information to tax professionals, small businesses, and self-employed taxpayers in more dynamic, web-friendly and innovative formats such as podcasts, webinars, live broadcasts or other forms of web-based media.
The company expects to deliver approximately 24 recorded, on-demand webinars and live webcasts in the first year of this agreement that also includes four subsequent option years. For the video production services portion of the contract with the IRS, Onstream Media has teamed with the National Press Club, Broadcast Operations Center to rehearse, film, stream live and archive the webinars, which can be easily played back via the web on-demand.
"The IRS is always looking for better ways to use the latest technology to deliver critical tax information to the public," said Rob Wilkerson, director of IRS's Communications, Liaison and Disclosure. "Web-based communication provides a convenient, flexible and efficient way for taxpayers and tax professionals to get the latest information from IRS sources."
Under the HUD/FHA Philadelphia Homeownership Centers agreement with REJ & Associates, Inc., Onstream Media is subcontracted to provide audio-based web conferencing services that enable FHA to bring employees and other participants from around the country together for online workshops, seminars and trainings. REJ & Associates, Inc., a minority-owned, federally certified 8(a) and SDB located in
"We're pleased to be working with Onstream Media and think that their software and support services offer great solutions and complement our ability to deliver webcast services to various government entities," said Elliott A. Wiley, Founder, President & CEO of REJ. "We're excited about this new strategic partnership and the opportunity it presents to open many more doors for REJ & Associates as well as Onstream Media."
In addition, the NRC has exercised its first one year option to renew and extend its multi-year agreement with Onstream Media to provide ongoing webcasting, streaming media and multi-media services. The company began providing the NRC with its webcasting services in March, 2008.
"Onstream has been able to provide live and archived video broadcasts to the NRC which helps create much-needed transparency and opens up the regulatory process to the general public," added Selman. "In fact, more and more government agencies are turning to Onstream Media to provide video and audio broadcasts online to ensure that public hearings, training material and other specialized events and information are available to reach their constituents, industry partners and employees."
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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 compensated six thousand five hundred dollars by a third part (Ladasa Inc.) for a two-week PAYI advertising and promotional program. OTCPicks.com has been compensated two hundred thousand free trading shares by a third party (Microcap Management) for JAGR advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Bluewave Advisors) for CYRS advertising and promotional services. OTCPicks.com has not been compensated for VGPR advertising and promotional services but OTCPicks principles have purchased five hundred thousand free trading shares in the open market and reserves the right to sell any or all shares at any time. OTCPicks.com has been compensated eight thousand dollars by the company for GSAE advertising and promotional services. OTCPicks.com has recently been compensated five thousand free trading shares from Onyx Consulting for GSAE advertising and promotion. 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.
