Dallas- OTCPicks.com’s Daily OTC Stocks Newsletter presents a range of the hottest small cap, micro cap and penny stocks trading on the OTC and OTCBB markets. In addition to our Newsletters, OTCPicks.com is quickly becoming the premier community destination for small cap and micro cap traders to meet up and discuss their top stock picks.
Visit http://www.otcpicks.com/microcap.htm today to sign up for our Free Daily Email Newsletter and News Alerts.
Sign up for our Free Red Hot Stock Picks List at
http://www.otcpicks.com/hotpicks.htmJoin us on Twitter at
www.twitter.com/otcpicksJoin us on Facebook at
www.facebook.com/otcpicksIFINIX CORPORATION (OTC: INIX)
"Up 208.00% on Tuesday"
Detailed Quote:
http://www.otcpicks.com/quotes/INIX.phpiFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit www.iFinix.com for more information.
INIX News:
December 1 - iFinix Corp. Receives Approval for Their 15c-211 Application From FINRA
iFinix Corp. (OTC: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced that FINRA has approved the Company's 15c-211 application filed on their behalf by Network 1 Financial Securities, Inc.
The approval of the company's 15c-211 application allows a market maker to "make a market" in the company's stock, conducting principle buy and sell orders. With this approval the company is excited to continue its commitment to increasing transparency, exposure and providing liquidity for its shareholders.
WESCORP ENERGY INCORPORATED (OTCBB: WSCE)
"Up 8.82% on Tuesday"
Detailed Quote:
http://www.otcpicks.com/quotes/WSCE.phpWescorp Energy Inc. is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operational challenges facing oil and gas operators today.
WSCE News:
December 1 - Cancen Oil Canada acquires an additional site for remediation work in Alberta - units required from Wescorp
Wescorp Energy Inc. (OTCBB: WSCE) announced that its joint venture partner, Cancen Oil Canada Corporation, an oilfield and waste management and processing company based in Western Canada, has acquired an additional remediation facility in Alberta, Canada. This acquisition is in addition to the previously announced facility in Fort Nelson, British Columbia that requires both water and oil solids remediation equipment from Wescorp.
In addition to acquiring the new Medicine Hat Alberta disposal site facilities, Cancen also purchased an oil services company that provides 70% of its annual volume and secured a contract to remediate class II water disposal wells in the area. The Medicine Hat operation is in full production. It is currently anticipated Cancen will require one H20 Maxx and one HCXT unit for water and oil solids remediation from Wescorp.
Under the terms of the 50:50 joint venture agreement announced on July 29, 2009, a combination of a minimum of 12 H2O Maxx water and HCXT Solids remediation units will be strategically installed over a 12 month period at Cancen's facilities to significantly increase efficiency and reduce operating costs which will result in an increased profitability. In addition, the joint venture anticipates that it will receive orders from a number of Cancen's clients to build additional portable units to provide remote onsite remediation..
"The Wescorp-Cancen joint venture is, gaining momentum" commented Doug Biles, President and CEO of Wescorp Energy. "We expect to be extremely active in the first half of 2010 as Wescorp's remediation units begin to be deployed on Cancen's remediation sites in Western Canada."
FORTRESS FINANCIAL GROUP (OTC: FFGO)
"Up 50.00% on Tuesday"
Detailed Quote:
http://www.otcpicks.com/quotes/FFGO.phpFortress Financial Group, Inc. operates as a reseller of domestic and international MasterCard debit cards. The company is based in the Bradenton, Florida.
FFGO News:
December 1 - Fortress Financial Group, Inc. Offers Update Regarding the Sale of Company's Gold Mining Assets and a Possible Bid for the Company
Company Is in Advanced Negotiations to Sell Its Highly Valuable Gold Properties and Is Also Considering an Offer Which Could Result in the Outright Acquisition of the Company
Fortress Financial Group, Inc. (OTC: FFGO) confirmed in an announcement dated November 23, 2009 that it was in advanced discussions, which if successful, will result in the disposal of its entire remaining interests in its two Gold Properties, those being the "Bouse" and "South Copperstone" Gold Properties; or the possibility of the outright acquisition of your Company by a third party.
In that same announcement, Stockholders were cautioned that the value placed on their Company's interests in these two Gold Properties was very material and that stockholders should only rely upon the facts and valuations that are published by your Company's Management; particularly in respect of the impact upon the value per share of your Company's Common Stock.
Company Management is now giving a price per share guideline of our Common Stock based upon:
* The unprecedented number of requests for information regarding the possible valuation of the Company's interests in these two Gold Properties; and
* The Record Highs being set in the price of Gold, thereby making your company worth considerably more than what was originally discussed with interested parties; and
* The enormous trading volumes and pricing volatility in the Company's shares of Common Stock in the past ten days; and
* Management's view as to the minimum acceptable price for its Gold Properties.
Fortress Management is now prepared to state that a successful sale of the Company's interests in the two Gold Properties, after the settlement of outstanding Loan Notes due by the Company in the amount of US$5 million, would not be an amount of less than US$0.003 (three tenths of a cent) per share for our stock. This calculation is predicated upon the current number of outstanding shares of our stock. Your Company successfully repurchased and cancelled approximately 50% of its outstanding shares in and during 2009, resulting in this greatly reduced number of outstanding shares of Common Stock, as well as the significantly increased value of these shares of our Common Stock.
Fortress shares of Common Stock closed at a price of US$0.0002 (two hundredths of a cent) per share on Monday, November 30, 2009. The pricing guideline of US$0.003 per share provided by Management clearly reflects the effect of today's Gold price (the Gold price having traded at a new All Time Record High this morning, at US$1,199.20/oz) upon your Company's assets and that our shares of Common Stock are clearly extremely undervalued at this time.
Our team of Mining and Business Professionals have deliberated at length, and have decided that we are able to state the following: "We are not prepared, under any circumstances, to entertain, nor to discuss any Offer for your Company's interests in these two Gold Properties for an amount of less than the above-mentioned price per share of your Company's Common Stock. We have made this quite clear to all interested parties, and we expect that a satisfactory resolution is attainable, in short order."
Your management wishes to stress "That is not to say that we believe that your Company's interests in these two Gold Properties are not worth more than the above-mentioned price per share of Common Stock. We are very aware of the historical valuations and the Geological Reports that are publicly available in respect of these two Gold Properties; and which were prepared at substantially lower Gold prices than Gold's current trading price of nearly US$1,200/oz." While we certainly would like to realize our true asset value in regard to these two properties, and while we are eager to sign the contracts of sale in regards thereto, we will not sell these assets for anything less than their real-time present value.
Fortress' Management is obliged to inform our valued stockholders that the Company's interests in these two Gold Properties are not worth an amount of US$700 million, a valuation which certain of our stockholders appear to embrace at this time. Such off-the-cuff valuations for our share of these two Gold Properties, while pleasant to think about, is not based in reality.
We are not in a position to provide any further details at this point in time due to the sensitivity of ongoing negotiations, and we wish to ensure that your Company's Management achieves the best possible price for its stockholders in respect of its sale of the Company's interests in these two Gold Properties, or in the alternative, in the sale of the company in its' entirety. OF COURSE, ANY SALE WILL BE SUBJECT TO SUCCESSFUL CLOSING, AND NO ASSURANCE CAN BE GIVEN THAT THE GOLD PROPERTIES WILL BE SOLD AT THIS, OR ANY OTHER, PRICE PER SHARE.
Fortress Financial's Management states for the record: "The proceeds received by your Company upon a successful sale of its interests in the two Gold Properties, or of the Company itself, will not be retained by your Company but paid to our stockholders as a Single Liquidation Dividend. This is however, subject to the nature of the deal consummated by your Company in respect of the sale of these two Gold Properties."
Since our significant stockholder partners in these holdings have indicated a strong interest in participating in a sale of "Bouse" and "South Copperstone" Gold Properties, we do not expect or anticipate that the final negotiations to this sale will be a long protracted event.
In regards to questions about the possibility of a full bid to purchase your Company, Management can only say that this does remain a possibility, but we legally cannot comment any further at this juncture, due to ongoing negotiations.
We urge our stockholders to remain vigilant, while we finalize the examination of the opportunities laid out before us. Rest assured that we intend to exact a fitting price for our holdings.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap and penny stocks. The web site features growing micro cap and penny stock companies. We publish a daily Free email newsletter highlighting the most active Pinksheets, OTCBB and penny stocks. To feature a company on our web site please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks.com has not been compensated by any of the companies covered in this release.
OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.