Dallas Tx 11/11/2009 8:17:31 AM
News / Business

SNVP, PFBI, NVSR, MTIZ, VOIS, EDVP OTCPicks.com Stocks to Watch for Wednesday, November 11th

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Our Stocks to Watch tomorrow include Savoy Energy Corp. (OTCBB: SNVP), Premier Financial Bancorp Inc. (Nasdaq: PFBI), NavStar Technologies Inc. (OTC: NVSR), Metiscan Inc. (OTC: MTIZ), VOIS Inc. (OTCBB: VOIS) and Endeavor Power Corp. (OTCBB: EDVP).

 

SAVOY ENERGY CORPORATION (OTCBB: SNVP)

"Up 143.42% on Tuesday"

 

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 United States. The company is focused on identifying abandoned oil and gas assets, which are then brought online through recompletion and work-over activities, a meticulous process of evaluation, application of modern well technology and stringent management controls. This process allows the company to increase its asset base and cash flow while significantly reducing the cost of initial drilling and takes away the risk of traditional exploration projects. Savoy Energy's financial structure allows it to minimize the high overhead of traditional E&P companies.

 

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. Savoy typically explores for oil and gas at properties and wells that have been abandoned by bigger companies. That's not a bad thing. Most big exploration firms only extract about 40% of the available oil and gas from onshore wells before they move on to other projects. That means Savoy is going to places where there are known reserves and the company is keeping its costs low when compared to the bigger players. Lower costs equal higher profits. It's that simple.”

 

PREMIER FINANCIAL BANCORP INCORPORATED (NASDAQ: PFBI)

"Up 45.25% on Tuesday"

 

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 Kentucky, Ohio, and West Virginia. Its deposit product line includes checking accounts, NOW accounts, savings accounts, money market accounts, club accounts, individual retirement accounts, certificates of deposit, and overdraft protection. The company’s loan product portfolio comprises loans for purchasing personal residences or loans for commercial or consumer purposes secured by residential mortgages; real estate construction loans; automobile and personal loans, including unsecured lines of credit; and commercial loans secured by business assets, such as real estate, equipment, inventory, and accounts receivable. It also offers various retail and commercial banking services consisting of depository and funds transfer services; collections; safe deposit boxes; cash management services; and bill payment and telephone banking services. As of March 15, 2009, Premier Financial Bancorp, Inc. operated 9 banking offices in Kentucky, 3 in Ohio, and 13 in West Virginia. The company was founded in 1991 and is headquartered in Huntington, West Virginia.

 

PFBI News:

 

October 6 - Premier Financial Bancorp Announces Receipt of $22 Million From U.S. Treasury Capital Purchase Program

 

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 U.S. controlled banks, savings associations, and certain bank and savings and loan holding companies engaged only in financial activities.

 

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 Washington, DC. Under the terms of the merger agreement Premier will issue 0.4461 shares of its common stock for each share of Adams common stock in a 100% stock exchange. Adams is parent company to two subsidiary banks, The Adams National Bank, headquartered in Washington, DC and Consolidated Bank and Trust Company, headquartered in Richmond, Virginia.

 

NAVSTAR TECHNOLOGIES INCORPORATED (OTC: NVSR)

"Up 44.23% on Tuesday"

 

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

 

NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.

 

NVSR News:

 

November 4 - NavStar Technologies, Inc. Issues a Shareholder Update

 

NavStar Technologies, Inc. Provides an Update on the Company's Focus for November and December 2009

 

NavStar Technologies, Inc. (OTC: NVSR), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, has issued a shareholder update on several key initiative for the last 60 days of 2009.

 

Dear Shareholders,

 

As you know, significant progress has been made this year to identify partners in several countries and to get distribution agreements signed. This effort, while time consuming and difficult, will result in purchase orders for NavStar products in late 2009 and first quarter of 2010. Below is an update on a few of the "near term" opportunities that will unfold in the next 60 to 90 days.

 

* The contract with the transportation department in Ecuador is in the final stages of the field trial and units will ship in early 2010. We are the vendor of choice and delays are due to personnel changes within the government of Ecuador.

 

* Final terms for a Joint Venture in Korea have been finalized and will be signed this month.

 

* A field trial with a US trucking company will begin in late November or early December.

 

* The opportunity that was announced in early October for distribution into the Middle East is still alive but taking much longer than expected to reach agreeable terms and conditions.

 

The effort to get a distribution agreement signed, conduct a field trial and get a purchase order takes time and has of course been more difficult given the current economic climate. In spite of these conditions we have established a diverse customer base and have 6 significant agreements in place as we conclude 2009 and start 2010.

 

For a more in-depth review of the company plans for the rest of 2009 and projections for 2010, look for an interview with NavStar's Chairman and CEO N. Douglas Pritt at www.tradergains.com.

 

METISCAN INCORPORATED (OTC: MTIZ)

"Up 33.33% on Tuesday"

 

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

 

Metiscan, Inc. is a national provider of products and services that streamline the management and operation functions of diagnostic imaging facilities, radiology groups, in-office imaging groups, small hospitals and physician offices and is an operator of two diagnostic MRI facilities located in Corpus Christi, TX, and Pottsville, PA. Metiscan's keystone product is a web-based radiology information system that interfaces Radiology Information System (RIS), Teleradiology and PACS (Picture Archiving and Communication System) for its clients. Metiscan also provides information management and operations support for diagnostic imaging facilities through complete revenue cycle management, electronic health records or EHR, medical transcription services and functional training as needed.

 

MTIZ News:

 

November 10 - Metiscan Subsidiary Taptopia to Moderate Roundtable Discussion at IAEE Expo! Expo! 2009

 

Discussion Topic "Smartphone Services that Enhance the Trade Show Experience"

 

Metiscan, Inc. (OTC: MTIZ), a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies, announced that its wholly owned subsidiary, Taptopia, Inc., will be moderating a roundtable discussion with convention industry leaders and executives at the upcoming IAEE Expo! Expo! 2009 event to be held at the Georgia World Congress Center in Atlanta, GA, 8-10 December 2009. Taptopia is the official iPhone® and iPod Touch® app provider of IAEE Expo! Expo! 2009.

 

The roundtable session will be held on Wednesday, December 9, 2009 at 8:00am-9:30am EST and will be open to a select number of convention industry leaders and executives. Kicking off the discussion topic "Smartphone Services that Enhance the Trade Show Experience" will be Taptopia's Chief Technology Officer, Dr. Iain Shigeoka. Dr. Shigeoka will be moderating the roundtable discussion.

 

Taptopia is the official iPhone® and iPod Touch® app provider of IAEE Expo! Expo! 2009. Taptopia will be providing its event service that enables attendees and exhibitors the ability to navigate event schedule details, exhibitor information and the exhibit floor before, during, and after the event all from Apple iPhones. Taptopia's unique service provides attendees with pre-event, event and post-event planning and networking tools, plus real-time event notifications and updates and the ability to compile and export critical event information.

 

ABOUT IAEE

 

Since 1928, the International Association of Exhibitions and Events™ (IAEE) continues to provide quality and value to its members through leadership, service, education and strong relationships. IAEE is the largest association of the exhibitions and events industry in the world, with a membership of show organizers, exhibitors and exhibition suppliers. Organizers of more than 20,000 exhibitions and buyer-seller events around the world are members of IAEE. Through the 2006 consolidation with the Center for Exhibition Industry Research (CEIR), IAEE delivers valuable industry research reports. IAEE also supports IAEE Services, Inc., a wholly owned subsidiary that partners with industry suppliers and service providers to offer high quality, low cost exhibition products and services to the industry. IAEE recognizes its strategic partners: American Airlines, ASP, Inc., Bearcom, IEG, Mexico Tourism Board, Orange County Convention Center and Orlando/Orange County Convention & Visitors Bureau.

 

VOIS INCORPORATED (OTCBB: VOIS)

"Up 30.67% on Tuesday"

 

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

 

VOIS.com (pronounced "Voice") is a social commerce Web site that combines the power of social networking with an online marketplace for professional freelance and on-demand services. At VOIS, individuals and businesses have the tools to either Post Work, Find Work or Network as well as staff projects. VOIS's social sourcing model connects a global network of talent, allowing individuals and business around the world to find and manage work cost-effectively. VOIS also owns www.sCommerce.com and www.Rev2.org.

 

VOIS News:

 

November 9 - VOIS Announces Plans to Introduce Apple iPhone App During the First Quarter of 2010

 

VOIS, Inc. (OTCBB: VOIS) (pronounced "Voice") recently announced plans to introduce its Apple iPhone application during the first quarter of 2010. The new app is to be designed to enable members of VOIS to easily post projects, bid on projects, and socialize the same way they currently do on the VOIS web platform, but customized to iPhone specifications. VOIS has filed an enrollment request to join as an iPhone Developer to develop our application with the iPhone SDK.

 

The Program, open to all developers, provides a complete and integrated process for developing and distributing applications for iPhone and iPod touch. Acceptance of our App will allow us to distribute our App on the App Store and reach millions of iPhone and iPod touch users.

 

ENDEAVOR POWER CORPORATION (OTCBB: EDVP)

"Up 18.75% on Tuesday"

 

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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Disclosure: OTCPicks.com has been compensated eight thousand dollars by a third party (Mickey Reno) for NVSR advertising and promotional services.