Our Stocks to Watch tomorrow include David Loren Corp. (OTC: DLCR), Clear One Health Plans Inc. (OTCBB: CCHN), SkyBridge Technology Group Inc. (OTC: SKGO), Optex Systems Holdings Inc. (OTCBB: OPXS), KCM Holdings Corp. (OTC: KCMH) and Triton Distributions Systems Inc. (OTC: TTDZ).
DAVID LOREN CORPORATION (OTC: DLCR)
"Up 525.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/DLCR.php
Founded in 2006 by apparel industry executive David Loren, David Loren Corporation (www.davidlorencorporation.com) is engaged in the design, production and wholesale merchandising of quality 'Moderate to Better- price point' women's apparel to major department stores, mass merchants, specialty chains and direct-to-consumer merchants. Headquartered in
DLCR News:
December 15 - David Loren Corporation Announces New Trademark Initiative
David Loren Corporation (OTC: DLCR) announced that the Company is in serious talks with a leading international retailer that operates more than 8,000 stores worldwide to launch a new brand that would be exclusive to the chain. If the brand initiative is approved, David Loren would design and merchandise the new line to enhance the current assortment in their Women's Apparel Department.
"We are very excited to have the opportunity to present an exclusive brand initiative to a retailer that has not only a strong
CLEAR CHOICE HEALTH PLANS INCORPORATED (OTCBB: CCHN)
"Up 151.28% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/CCHN.php
Clear One Health Plans offers affordable health plans to meet the needs of employers, providers, and consumers. Clear One provides health insurance, including Medicare Advantage plans, commercial plans, individual plans, and administrative services to individuals and businesses throughout the West. Clear One also offers life, disability, dental, vision and voluntary benefits programs, as well as employee benefit services to self-funded employers, associations, Taft-Hartley Trusts, and Chamber of Commerce plans. Clear One is dedicated to the development of community-based employee benefits programs, health insurance, and ancillary plans.
CCHN News:
December 30 - PacificSource Health Plans to Acquire Clear One Health Plans, Inc.
* PacificSource and Clear One sign definitive merger agreement
* Clear One shareholders to receive $26.00 per share in cash
* Combines business capabilities and expertise of two strong, local companies committed to enhancing value for members and the community
* Enhances financial strength and increases growth opportunities to better serve both government and commercial markets
* Advances PacificSource’s strategy to increase its presence in
Clear One Health Plans, Inc. (OTCBB: CCHN), and PacificSource Health Plans announced today they have signed a definitive merger agreement under which PacificSource will acquire Clear One. Under the terms of the merger agreement, Clear One’s shareholders will receive $26.00 per share in cash, upon a successful close of the transaction.
The price represents a premium of 167% to the closing price on December 29, 2009, of $9.75. The transaction has a total equity value of approximately $46 million. Following the close, Clear One will become a wholly owned subsidiary of PacificSource Health Plans. The merger agreement is posted on Clear One’s website at www.clearonehp.com. Shareholders of Clear One are urged to periodically check Clear One’s website for updated information.
The Board of Directors of both companies unanimously approved the transaction and Clear One entered into the merger agreement following unanimous recommendation by a special committee comprised of independent directors (the “Special Committee”). In negotiating the merger agreement, the Special Committee and Board of Directors of Clear One were advised by its financial advisor, Duff & Phelps Securities, LLC. In addition, Duff & Phelps, LLC, delivered to Clear One’s Board of Directors its written opinion, dated December 29, 2009, to the effect that, as of that date, based on and subject to the assumptions, limitations and qualifications set forth in its written opinion, the consideration to be received by the shareholders of Clear One pursuant to the merger agreement was fair to such shareholders from a financial point of view.
“This opportunity is closely aligned with our strategy in that it will give us a stronger presence in Central Oregon, help us expand into Medicare and Medicaid markets, and allow us to more effectively collaborate with healthcare providers to improve quality of care,” said Ken Provencher, President and Chief Executive Officer of PacificSource. “Clear One’s strong balance sheet, regional footprint, and expertise in government programs will help us build on PacificSource’s strength in the commercial insurance market. The combined strengths of two independent regional health insurers will provide more people with affordable, quality healthcare and personal service at the local level more efficiently and cost-effectively, and all our customers should benefit from that.”
“The combination of the PacificSource and Clear One organizations brings together two local health plans that share a common passion for both customer service and giving back to the community,” said Patricia Gibford, President and Chief Executive Officer of Clear One. “We have very similar cultures in terms of our focus on how we treat our people as well as our ongoing commitment to enhancing the customer experience. We believe this merger will result in mutual benefit to both our customers and our employees.” Gibford also added, “This is an excellent opportunity for Clear One members, providers, and employees to become part of a leading organization. We have tremendous respect for PacificSource and their management, and look forward to becoming part of the PacificSource team.”
The closing of the transaction is subject to certain terms and conditions customary for transactions of this type, including regulatory approval by the Oregon Insurance Division, the Centers for Medicare & Medicaid Services, and the Oregon Division of Medical Assistance Programs, as well as shareholder approval, and a satisfaction of other customary conditions to closing. Consummation of the merger is not subject to any financing contingency. Clear One will solicit shareholder approval by means of a proxy statement, which will be mailed to Clear One shareholders. The parties currently anticipate consummating the transaction during the latter part of the first calendar quarter of 2010.
Additional Information
PacificSource Health Plans will promptly file with the Oregon Insurance Division a Form A, which will include the merger agreement and related documents. The proxy statement that Clear One plans to mail to its shareholders will contain information about Clear One, PacificSource Health Plans and its subsidiary Springfield Acquisition, Inc., the proposed merger and related matters. Shareholders are urged to read the proxy statement carefully when it is available, as it will contain important information that shareholders should consider before making a decision about the merger. In addition to receiving the proxy statement from Clear One by mail, shareholders will also be able to obtain the proxy statement, as well as other filings containing information about Clear One, from its website (www.clearonehp.com) or, without charge, from Clear One. This announcement is neither a solicitation of proxy, an offer to purchase nor a solicitation of an offer to sell shares of Clear One.
Participants in the Solicitation
Clear One and its directors, executive officers, other members of its management, and employees may be deemed to be participants in the solicitation of proxies from Clear One’s shareholders in favor of the proposed merger. Information regarding persons who may be deemed participants in the solicitation and any interests that those persons may have in the transaction will be set forth in the proxy statement.
ABOUT PACIFICSOURCE HEALTH PLANS
Founded in 1933, PacificSource is based in
SKYBRIDGE TECHNOLOGY INCORPORATED (OTC: SKGO)
"Up 64.29% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/SKGO.php
SkyBridge Technology Group, Inc. operates a wireless Internet business in the
SKGO News:
December 31 - SkyBridge Technology Group Inc. Merger, Pink Sheets Update
SkyBridge Technology Group Inc. (OTC: SKGO) is providing its followers and shareholders with a brief update vis a vis general business matters and the pending
The company has recently completed a set of filings with pink sheets including its 2007 and 2008 year end financials and its preferred share structure. Jeffrey Allan Senior IR representative said, "We on behalf of the companies will file additional other new filings with Pink Sheets over shortly in an effort to obtain full transparency status for the issuer; and to get a good start and a leg up with a start of the 2010. We remind the followers that these filings and materials are all overdue documentation which should have been filed long time ago by the management of the company. It is our policy and we advise all clients to become as fully transparent as possible. We assist and organize the issuers financing ahead of time and provide guidance consistent with protecting shareholders rights and values. This is a natural evolution in that process. Once filings completed shortly, and reviewed by Pink Sheets the "STOP" rank should be upgraded thereafter. Many of the novice investors should not be alarmed by these filings nor be influenced by stock bashers using various pseudo with hidden agendas on the Internet. In the past these individuals have been successful for example in thwarting other issuer's attempts for a merger or signing up a new significant client or contract thus erasing thousands of dollars of value off the company books and the company's legitimate shareholders. This tactic sometimes works with foreign subsidiaries, who do not realize that there is huge money to be made in short selling, offering naked short selling support and oversold positions or simply destroying other individuals' hard work. With this being said, the
In summary, the due diligence stage has been completed to everyone's satisfaction. The
OPTEX SYSTEMS HOLDINGS INCORPORATED (OTCBB: OPXS)
"Up 57.61% on Thursday"
Detailed Quote: www.otcpicks.com/quotes/OPXS.php
Optex, which was founded in 1987, is a Richardson, Texas-based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of
OPXS News:
December 22 - Optex Systems Teams With L-3 Communications Holdings Inc. on Laser Interference Filter Solicitation
Optex Systems Holdings, Inc. (OTCBB: OPXS), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, today announced that it has signed a mutually exclusive Teaming Agreement (TA) with L-3 Communications Holdings Inc. (L-3 Communications) (NYSE: LLL) on the proposal for production of Laser Interference Filters used to protect night vision equipment. The solicitation is a two-step invitation for bid for Communications and Electronics Command (CECOM).
This solicitation calls for the delivery of up to 5,000 units per month on an Indefinite Delivery, Indefinite Quantity (IDIQ) production schedule for a Firm Fixed Price (FFP) 5 year contract.
Gregg Bell, President of L-3 Communications Electro-Optical Systems (EOS) division was quoted as saying, "Optex has been a great customer of our EOS division for many years and we look forward to teaming with them on the Laser Interference Filter program. We believe the breadth and depth of our two companies provides the best value solution for our war fighters."
KCM HOLDINGS CORPORATION (OTC: KCMH)
"Up 53.16% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/KCMH.php
KCM Holdings Corporation is a strategic business development and holdings company specializing in a broad range of business incubation, support, design and development ventures. For more information, visit www.thekcmgroup.com.
KCMH News:
December 31 - KCM HOLDINGS Forecasts $100 MM Market Cap 2010
KCMH Follows Yearend Report Clarification of Pinksheet Status
KCM Holdings Corp. (OTC: KCMH), on the heels of yesterday’s yearend CEO report, releases another statement focusing on the extraordinary potential for the company in 2010.
The letter (www.TheKCMgroup.com/ceo_letter.html) summarizes positive key points such as remaining debt-free and profitable; recognition and visibility of KCMH in the financial marketplace; incubation of its next publicly traded companies patented software company GEENIUS and vertical entertainment company Empire Recordings; expansions of insurance subsidiary; continued committed development of value for shareholders.
KCMH plans to incubate a minimum of four viable publicly traded entities in 2010 as part of its innovative incubation model targeting a total $100 million of combined market capitalization creating substantial employment opportunities and asset value for shareholders. The company is in current negotiations and development of a diverse slate of potential ventures ranging industries such as alternative energy, motor vehicle manufacturing, mobile and social media. In every venture KCMH negotiates ownership and revenue share opportunities.
KCMH also released a statement of status on Pinksheets which was downgraded to “Limited Information” from “Current Information.” States CEO Donald Klein, “We will return to current information status in early 2010 with necessary legal opinions to accompany our yearend financial filings which look extremely positive.”
TRITON DISTRIBUTION SYSTEMS INCORPORATED (OTC: TTDZ)
"Up 18.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/TTDZ.php
Miller Energy Resources is a high-growth oil and natural gas exploration, production and drilling company operating in multiple exploration and production projects in
TTDZ News:
November 24 - Triton Announces Today the Completion of Its Automated Instant Language Translation System
Triton Distributions Systems Inc. (OTC: TTDZ) announces the completion of its automated instant language translation system. This enhancement to its already technologically superior travel industry database delivery systems allow Triton to continue to aggressively pursue expansion of its international travel industry reservation platform.
According to Gregory Lykiardopoulos, CEO of Triton, "This new language translation capability incorporated into our database system is a technological revolution for both the travel professional as well as the traveler. We can now instantly change languages for both electronic information and printed documents as, and when, needed for anyone, anytime they use our systems."
About Triton Distribution Systems: Triton Distribution Systems is a pioneer in low-cost, business-to-business, Internet-based travel distribution and procurement solutions. Triton provides the electronic distribution of travel inventory from airlines, car rental companies, hotels, tour and cruise operators, and other travel vendors to travel agencies and their clients on a global basis. Triton's proprietary products and services fill crucial needs in the travel industry, and offer product, pricing, and marketing advantages. Triton has developed a broad-based suite of products, including ReservationExpert®, TritonTwist® and Red Dragon Express® — the world's first distribution gateway to the Chinese market.
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Disclosure: OTCPicks.com has is being compensated three thousand dollars by a third party (Blue Wave Advisors) for a one week OPXS advertising and promotional program. OTCPicks.com has been compensated one hundred seventy two thousand free trading shares by a non-controlling third party for KCMH advertising and promotional services.