Our Stocks to Watch today include San West Inc. (OTCBB: SNWT), Biomagnetics Diagnostics Corp. (OTC: BMGP), AGR Tools Inc. (OTCBB: AGRT), Gen2Media Corp. (OTCBB: GTWO), Lux Energy Corp. (OTCBB: LUXED), POW! (Purveyors of Wonder) Entertainment Inc. (OTC: POWN), David Loren Corp. (OTC: DLCR), Optigenex Inc. (OTC: OPGX), LIGATT Security International Inc. (OTC: LGTT), Black Dragon Resource Companies Inc. (OTC: BDGR) and Atlantis Technology Group Inc. (OTC: ATNP).
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SAN WEST INCORPORATED (OTCBB: SNWT)
"Up 2.94% up in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SNWT.php
Company Profile: http://www.otcpicks.com/san-west-inc.htm
San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies; products are sold via three divisions: at retail store locations; via the online store and; through its growing dealer network. Buggy repair services are sold and fulfilled at the Santee California retail location.
SNWT News:
December 29 - San West Inc. Releases Significant Milestones for 2009 and 2010 Outlook
Management Reflects on a Transformational 2009; Outlines Aggressive Growth Initiatives for 2010
San West Inc. (OTCBB: SNWT), an emerging leader in the design, manufacture, sales and repair of off-road recreational vehicles, provides a business update and reiterated its expectation that 2010 will be another transformational year as the company pushes forward with plans to become a leading global off-road sports producer and retailer.
2009 Business Review
Operational Developments:
* Entered the public marketplace via reverse merger with Human Bio-Systems, Inc. in early June and began trading on the OTC Bulletin Board under the symbol HBSY, and changed corporate name and ticker change to San West Inc. and SNWT in late September.
* Launched a new and improved Buggy World website equipped with an e- commerce store to further expand our market reach and broaden our offering and purchasing options for customers.
* Became the exclusive TrophyKart dealership for San Diego County in an agreement expected to generate between $150,000 to $250,000 in annual sales and drastically boost and improve brand notoriety, particularly among the younger demographic.
* Partnered with CountyImports.com, the second-largest online retailer of off-road vehicles and accessories, in an agreement expected to add at least $3,200,000 in annual revenues to San West's top line and offset the seasonality of our sales levels.
* Subsequently launched an enhanced version of CountyImports.com and announced that sales generated through the website between 11/17/08 and 12/18/09 were approximately $150,000, higher than the corresponding period of 2008, a record year for CountyImports.com.
* Reported revenues for the third quarter of $217,099, an increase of 53.4% and gross profits or $146,336 , representing a gross profit margin of 26.8%.
* Announced that fourth quarter 2009 will by far be the greatest in corporate history.
* Established a promotional credit program — “The RPM Card” — to help offset the negative impact of the consumer credit meltdown by providing financing to customers with less than stellar credit ratings.
* Acquired non-exclusive sales & marketing rights for leading off-road sporting brands including Fox Racing, Joiner, and Thor.
Market-Related Developments:
* Share price has surged from less than one cent to a 52-week high of $1.71 on 10/12 ($0.35 split adjusted).
* Executed a 5 for 1 forward stock split in November of 2009 with the intent of strengthening shareholder value by facilitating increased trading among retail investors.
* Secured $10,000,000 in equity financing from an institutional investor during December which will enable San West to more aggressively pursue synergistic acquisitions.
* Announced a consulting agreement with Hayden IR, a leading North American investor relations firm with a proven track record of transforming micro- cap firms into NYSE and Nasdaq-traded companies.
2010 Outlook
1) 2010 will be another transformational year for San West Inc. During 2009, San West launched a number of strategic initiatives that helped lay the foundation for a premier international off-road sports firm and positioned the company to generate annual revenues in the $6,000,000 to $8,000,000 next year. We strongly believe that our continued relentless pursuance of opportunities that hold the potential to drive growth — both organically and via acquisition — during 2010 will help boost annual revenues above initial expectations.
2) We recently obtained $10,000,000 in equity financing which provides an ideal complement to our extremely successful and assiduous expansion initiatives. This capital injection will allow San West to grow our business in ways that were quite recently unimaginable. Corporate/competitor buyouts, major real estate acquisitions, massive advertising investments, expensive product and service development, and sponsorship of major industry events are all now economically feasible to some extent.
3) We are building a one-stop off-road sports superstore, both online and at our first Buggy World brick & mortar location — and will continue to pursue business ventures that will help broaden our global consumer reach. A few potential avenues for near-term expansion include but are not limited to fortifying existing online sales infrastructure, establishing additional retail locations in "hot" off-road markets, and expanding into new product markets such as personal watercraft (PWC) and motorcycles.
4) From a stock market perspective, our share price has matured significantly over the past 6 to 12 months. We have aligned our organization with some of the most highly esteemed financial services organizations in the world to help create shareholder value, provide maximum transparency into our operations, to articulate our unique value proposition and relay our growth story to the masses, and establish a line of communication to institutional investors.
5) At this point, we would like to thank our faithful shareholders for their interest in 2009 and reiterate our dedication to making 2010 another lucrative year for them and San West Inc. together. We wish everyone a very happy holiday season and a prosperous new year and also look forward to updating the public on our material developments as they arise.
December 28 - San West Inc. CEO Interviewed by Stockgoodies.com
Radio Interview Discusses Growth Strategy and Strategic Progress to Date in Effort to Build Global Off-Road Motorsports Leader
San West Inc. (OTCBB: SNWT), an emerging leader in the design, manufacturing, sales and repairs of off-road buggies, announced the availability of a recent interview conducted with President & CEO Frank Drechsler. Stockgoodies.com, a G6 Stocks community, conducted the interview and posted it on its homepage at www.stockgoodies.com.
Frank Drechsler, San West Inc. Chief Executive Officer, stated, "San West continues to benefit from increased media attention, due in large part to our consolidation of the outdoor and off-road racing industry as well as our projected growth for the fourth quarter and 2010. We have made tremendous progress in our efforts to create a one-stop-shop for all off-road motorsports enthusiasts, including buggies, scooters, ATVs and personal watercraft. We are excited for our prospects as we look into 2010 and beyond and we are eager to share our vision and discuss our progress with investors."
BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)
Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php
Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/biomagnetics-diagnostics.htm
Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.
BMGP News:
December 28 - Biomagnetics to Become Fully Reporting; CEO Comments on Corporate Growth Plans and Strength of Balance Sheet
Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced it is instituting several actions to become a fully reporting organization, improve transparency to investors and migrate the trading of its common shares to the over-the-counter market. Additionally, corporate management is expressing confidence in achieving growth objectives for 2010.
“With the growth we expect during 2010 it will be important for us to provide full transparency to our investors and other stakeholders," commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “Toward this aim, we have begun implementing plans to complete a full financial audit and to file these audit results with both Pink OTC Markets, Inc. and the Securities and Exchange Commission. We expect these actions to allow us to not only become a fully reporting organization, but also to make us eligible to trade our shares on the OTC market.
These actions include the completion of a full financial audit and the filing of financial disclosure information with Pink OTC Markets Inc. and the U.S. Securities and Exchange Commission. Additionally, the Company will be working with several broker-dealers on Rule 15c2-11 documentation for submission to FINRA in order to receive OTCBB quotation clearance.
“Our balance sheet remains very strong with a meaningful cash balance and minimal debt. We have been able to accomplish this with only very minimal fund-raising activities. This has allowed us to keep the number of total outstanding shares at only approximately 64 million. While we do not anticipate the need to raise growth capital, as our working capital balances are already robust, it is very comforting for us to have the strong backing of our shareholders, many of whom are eager to provide us additional growth capital should it be required. Simply put - our financial position is very strong, which will allow us to aggressively implement our growth strategies. With a total market capitalization of approximately $9 million, we believe our common shares are significantly undervalued.”
“Mr. Hardman continued, “While we realized significant accomplishments in the last four months of 2009, we expect the acceleration of developments in the first half of 2010. During the first quarter, we expect to enter into several certifications in
According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. Field deployable Integrated Optical Biosensor Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon introduce hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs and improve lives.
AGR TOOLS INCORPORATED (OTCBB: AGRT)
"Up 4.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AGRT.php
Company Profile: http://www.otcpicks.com/agr-tools.htm
As a global leader in the manufacturing of high quality diamond tools, AGR Tools has been serving the construction and natural stone industries worldwide since 1983. AGR Stone & Tools USA, Inc. is the only manufacturer of a complete line of diamond tools designed for maximum performance for each application. Our products include turbo blades, polishing pads, cup wheels, core bits, tile blades, masonry blades, concrete blades, CNC tooling, engineered stone products and other high-end diamond tools.
AGRT News:
December 22 - AGR Expands Distribution Network to
AGR Tools, Inc. (OTCBB: AGRT) announces that AGR Stone & Tools USA, Inc., with which AGR Tools, Inc. has entered into a binding share exchange agreement, has expanded its distribution network into Nashville and the Middle Tennessee markets. With a population of approximately two million people and a multi-million dollar diamond tool market, the territory serviced by this addition will allow the company to continue increasing its presence in
AGR Stone & Tools USA, Inc.'s entry into the
As the only major manufacturer of diamond tools that markets and distributes its products directly to customers, AGR Stone & Tools USA, Inc. has a major advantage over its competition. By selling directly, its goal is to control a quarter of the approximately $8 billion North American diamond tool market. "As our distribution network continues to grow, that goal is becoming more and more a reality," noted Rock Rutherford, the CEO of AGR Stone & Tools USA, Inc.
ABOUT AGR STONE & TOOLS
AGR Stone & Tools USA, Inc. is a major supplier of diamond tools and adhesives. It specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries. Its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure AGR Tools is at the forefront of the diamond tool industry. The company employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.
On October 29, 2009, AGR Tools, Inc. and AGR Stone & Tools USA, Inc. entered into a binding share exchange agreement. See AGR Tools, Inc.'s Current Report on Form 8-K filed on November 2, 2009 regarding the new share exchange agreement with AGR Stone & Tools USA, Inc. for details on various conditions which must be met before the share exchange between the two companies closes. There can be no assurance that the share exchange will close. AGR Tools, Inc must issue 46,186,516 shares of its common stock to the current shareholders of AGR Stone & Tools USA, Inc. in order to complete the share exchange. Accounting for the anticipated cancellation of 25,000,000 shares of its common stock, upon the closing of the share exchange AGR Tools, Inc. will have 81,186,516 shares of common stock issued and outstanding.
GEN2MEDIA CORPORATION (OTCBB: GTWO)
Detailed Quote: www.otcpicks.com/quotes/GTWO.php
Company Profile: http://www.otcpicks.com/Newsletter/GTWO_102809.html
Gen2Media is a fully integrated technology, production and marketing company whose proprietary and patent-pending technology has earned the trust of a growing, globally diversified customer base, comprised of leading media companies, corporations, chart-topping artists, entertainment companies, advertising agencies and national brands such as The Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake, Microsoft Xbox LIVE, Coca-Cola Company, Toyota, Clear Channel, and others.
GTWO News:
December 17 - Gen2Media's Online Video Platform Used to
Grants Advertisers Access to Million+ Students from 46,000 High Schools and Colleges
Gen2Media Corporation (OTCBB: GTWO), an innovative full service video technology and production company, announces the recent launch of the brand new Cheer & Dance Competitions section of Varsity TV on Varsity.com using the Version 2 release of Gen2Media’s Online Video Platform. The site features over 20,000 cheerleading championship and competition videos enabling fellow students, friends and family to watch the largest cheerleading and dance competitions nationwide. Routines from select Varsity Championships can now be immediately uploaded by Varsity TV.
The national sponsors onboard for 2010 will be joining the likes of Universal Hollywood, music labels, and other companies who are looking for ways to reach influential teens and college age consumers. Forrester Research has found that more than 60% of teens ages 15 to 17 will remain with their bank after they graduate from high school and recommend that bank to friends. This and other studies make the teenage group the perfect audience for any company looking to create loyal lifetime customers, and the best brands to advertise on Varsity TV.
Since the launch of the Competitions page on Varsity.com, some single channels have seen more than 125,000 views in a single day, making the site on track to exceed 3.3 million monthly views.
“Video page skinning, social media integration, complete channel sponsorship, and in-stream and traditional advertising units together offer truly impactful and integrated opportunities. 9/10 of the students that participate in Varsity programs go on to college and have a higher GPA than the average student. Cheerleaders are trendsetters and thought leaders in their schools. By targeting this highly influential group, companies are using powerful brand ambassadors that their peers look up to. Advertisers are craving this chance to reach the million+ students from 46,000 High Schools and Colleges. Varsity TV represents unprecedented access to this market,” states Mary Spio, Co-Founder and President of Gen2Media.
Varsity TV was launched on the Version 2 release of Gen2Media’s Online Video Platform. Version Two has various capabilities that set it apart from other platforms, notably the player theme creator which enables a much deeper level of customization. Additionally, the Gen2Media Online Video Platform features a full advertising suite that also allows third party scheduling, trafficking, and monitoring providing a wholly integrated video experience. Other advanced delivery capabilities include Gen2Media’s enhanced time of day programming, channel syndication, and central content and advertising management across multiple publishers via the
For more information visit www.Gen2Media.com or www.Varsity.com.
LUX ENERGY CORPORATION (OTCBB: LUXED)
Detailed Quote: http://www.otcpicks.com/quotes/LUXED.php
Company Profile: http://www.otcpicks.com/lux-energy-corp/lux-energy-corp.htm
Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in
LUXED News:
December 16 - Lux Energy Corp Enters Into Negotiations for Participation in Significant Natural Gas Prospect
Lux Energy Corp. (OTCBB: LUXED), an oil and gas production and exploration company, announced that it has entered into negotiations to participate in significant natural gas prospect in South Eastern Alberta. Lux is seeking an agreement for a 50% working interest in eight development NG leases in the sweet gas rich areas of
The prospect will involve a drilling program of 20 to 30 wells per section drilled to depths of 800 meters. Reservoir life is estimated at between 13 to 30 years. The project has outstanding economies. Wells can be drilled, completed and tied into established gathering, processing and delivery infrastructure within 30 days. In addition, the joint venture operator advises that recent technical advances in this play have increased potential recoveries and increased production.
Shane Broesky, President of Lux Energy Corp, comments, "
Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in
POW! ENTERTAINMENT (OTC: POWN)
"Up 192.31% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/POWN.php
POW! (Purveyors of Wonder) Entertainment, Inc., an advanced media and entertainment company with a first-look deal with Disney, was founded by world-famous comic book and motion picture icon Stan Lee, together with award-winning producer Gill Champion and intellectual property specialist Arthur Lieberman, Esq. POW!’s principals have extensive backgrounds in the entertainment industry encompassing the creation, production and licensing of original intellectual properties, including some of the most successful entertainment franchises of all time. POW!, capitalizing on this combined expertise, specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. POW! partners with other individuals and entities of entertainment’s top echelon, including studios and networks, in the creation, licensing and distribution of new POW! character franchises.
POWN News:
December 31 - POW! Entertainment Expands Ties with Disney
Building on an already successful three year creative and business relationship, POW! (Purveyors of Wonder) Entertainment Inc. (OTC: POWN), the advanced media and entertainment company led by comic book and motion picture icon Stan Lee, announced today it is deepening its ties with The Walt Disney Company.
“Enhancing our relationship with one of the world’s most creative and innovative entertainment companies makes perfect sense given all the exciting projects we have underway,” said Lee, Chairman and Chief Creative Officer of POW! “Disney has been a great partner for us and we look forward to working closely with them in the coming years. In addition to the huge creative opportunity this affords POW!, it also provides for the next positive stage in the expansion of the company itself."
Walt Disney Studios entered into a first-look deal with POW! in 2007 and since then has worked closely with the world-renowned Lee on the development of a number of projects. Under the new arrangement, Walt Disney Studios expands that relationship through enhanced rights to the creative output of POW! as well as certain exclusive consulting services. Disney will also take a 10% equity stake in POW! for $2.5 million.
Earlier this year, Disney agreed to acquire Marvel Entertainment Inc., the company that owns the most iconic characters associated with Lee, including Spider Man, The Incredible Hulk and X Men. Marvel shareholders were expected to vote today on the transaction.
“Stan has incredible creative energy and continues to come up with great original stories that can work across many of our platforms, ranging from console games to motion pictures and from our boys-focused Disney XD network to mobile devices,” said Bob Chapek, President, Worldwide Distribution, Walt Disney Studios. “Put that together with his knowledge and familiarity of the Marvel universe and it makes perfect sense to extend our excellent working relationship with Stan and POW!”
DAVID LOREN CORPORATION (OTC: DLCR)
"Up 220.00% in morning trading"
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
OPTIGENEX INCORPORATED (OTC: OPGX)
"Up 200.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/OPGX.php
Optigenex inc. is a formulator, distributor and provider of proprietary next generation skin care, supplements and bulk ingredient featuring AC-11® (Formerly known as C-MED-100®) a patented compound as it core product. AC- 11® is the bioactive, water soluble form of the medicinal herb Uncaria tomentosa.
OPGX News:
January 4 - Optigenex Inc. Agrees to Long-Term License Granting Promethean Corporation Exclusive North American Distribution Rights for Cosmeceutical and Dietary Supplement Products Containing AC-11® in the Direct Sales (Network Marketing) Distribution Channel
Agreement Also Grants Promethean Exclusive Licensing and Sub-Licensing Rights in
Optigenex Inc. (OTC: OPGX) announced the signing of a long term exclusive license agreement with Promethean Corporation for distribution and marketing of branded cosmeceutical and dietary supplement products containing AC-11®, a patented, all-natural rain forest botanical extract manufactured by Optigenex that helps the body's natural ability to repair damaged DNA as a result of overexposure to the sun and other environmental stressors. Under the new agreement, Promethean through its wholly owned subsidiary, Ceres Living will market the "AIO Premium Cellular Health™" line of advanced dietary supplements, as well as specially formulated next generation topical skin care products with AC-11®. The contract vests Promethean with exclusivity in the North American "Direct Sales" or "Network Marketing" distribution channel coinciding with the expiration of similar channel rights previously held by former licensee. In addition to North American Direct Sales channel rights, Promethean will exercise exclusive rights and sublicensing rights in all channels in
Daniel Zwiren, president and CEO of Optigenex Inc. said, "Teaming up with Promethean promises to be the perfect start of a new decade for Optigenex. The management at Promethean and its wholly owned subsidiary, Ceres Living are professionals with a proven record in business management and the Direct Sales (Network Marketing) distribution channel. We are excited to see the AC-11® brand and our unique theme of DNA health associated with the innovative technologies behind AIO Premium Cellular Health™."
Matthew Henninger, Chairman & CEO of Promethean Corporation, added, "We had wanted to work with the Optigenex team and their product AC-11® since before we developed the AIO Premium Cellular Health™ product line. Now that timing has allowed our two companies to align, we look forward to continued collaborative research and development of products that offer the best technologies in cellular health and nutrition."
ABOUT PROMETHEAN CORPORATION
Promethean Corp. ("Promethean") is a
LIGATT SECURITY INTERNATIONAL (OTC: LGTT)
"Up 66.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LGTT.php
Luna Innovations Incorporated develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. Through its disciplined commercialization business model, Luna has become a recognized leader in transitioning science to solutions. Luna is headquartered in
LGTT News:
January 4 - LIGATT Security International Officially Approved by Apple Inc.
Apple Inc. Officially Approved LIGATT Security International to Develop iPhone Applications
LIGATT Security International (OTC: LGTT) has officially obtained the thumbs-up from Apple Inc. to develop iPhone Applications. LSI plans to combine all current products and services to produce a minimum of 5 new security applications in 2010.
"LIGATT will work diligently in the new year to produce the best security application iPhone users have yet to see," says Gregory Evans, President and CEO of LIGATT Security International.
The first application LSI will come out with is the Hacker for Hire App. iPhone users will be able to utilize the Hacker for Hire service, which allows consumers who are victims of cyber extortion, cyber bullying, and cyber stalking to obtain advice from Certified Ethical Hackers to resolve their issue. Individual consumers and businesses can also utilize the background check aspect of the service. Currently, Hacker for Hire generates approximately 50 sales leads a week from the LSI Website.
"We will be adding more staff to help with the demand expected from the Hacker for Hire application and the iPhone App store," says Evans.
LSI also plans to take flagship products such as Locate PC, a computer tracking device, and turn it into iPhone applications. This application will allow consumers to track their stolen laptops live directly from their iPhone. In addition, the new applications will also be available in many languages including Chinese and Japanese for international consumers.
Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics and computer software products. The company's best-known hardware products include Macintosh computers, the iPod, and the iPhone.
LSI is the nation's premier hi-tech security companies and is recognized as a leader in computer security, CCTV surveillance and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time.
BLACK DRAGON RESOURCE COMPANIES (OTC: BDGR)
"Up 52.94% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BDGR.php
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells, some to deeper levels, and to purchase additional leases.
BDGR News:
December 22 - Dragon Acquires Interest in the Humble Salt Dome Project
Black Dragon Resource Companies, Inc.'s (OTC: BDGR) ("the Company", "Dragon") Chairman and CEO Mr. Scott D. Smith, announces today that Dragon has acquired a 6.25% working interest in the Humble Salt Dome EOR Project located near Houston, TX. This project utilizes a patented EOR chemical via steam injection to bolster production after initial revenues begin to decrease. Surface operations have already commenced and the initial well should be drilled in the very near future, stated Mr. Smith. The plan for the project is to drill a five well pattern, each of which are producers initially, and once production slows, a centrally located well will be converted to an injection well, optimizing recovery percentages for the remaining four wells. If this initial five well pattern is successful, two more patterns may possibly be drilled in this same manner. Dragon is working to acquire additional interest in this project as it can.
Mr. Smith went on to state that the recently drilled Paluxy well, in which Dragon acquired a small overriding royalty interest, has flushed in around 15 barrels per day. Also, Dragon has contracted a company to complete the two recently drilled gas wells on the 640 acre lease, via air drilling. These gas wells must be completed in this manner to minimize the risk of excess salt water disposal costs that can easily remove profitability from this type of well.
Dragon also is working to achieve a deal with its primary operator, Four Star Oil Company, so that Dragon can receive a larger percentage of its revenues that have been previously pledged for debt. This negotiation will free up operating capital to fund new exploration projects on Dragon's highest Net Revenue Interest leases, as well as to allocate funding toward rework operations on existing wells and leases that are not producing to their maximum ability, or in some cases at all. Mr. Smith hopes that this change will loosen the constraints on cash flow for the company so that he is able to continue to add acreage and interest to Dragon's portfolio, as well as to increase its production numbers.
ATLANTIS TECHNOLOGY GROUP INCORPORATED (OTC: ATNP)
"Up 53.42% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ATNP.php
Atlantis Technology Group was formed to establish privately held and publicly traded technology companies that focus primarily on high-growth investments that are at the leading edge of business and technological innovation.
ATNP News:
December 9 - Atlantis Technology Group CEO Invests Over $100,000 for Global Online Television Corporation
Atlantis Technology Group (OTC: ATNP) CEO, Christopher M Dubeau invests over $100,000 for Global Online Television Corporation's IPTV service. It is the intent of these funds to secure the start up costs for the GOTV IPTV service as well as any contracts that are now in place.
Christopher M Dubeau, CEO states, "I have recently liquidated some of my Atlantis Technology Group positions which I purchased earlier this year and invested all the proceeds from the sale for the GOTV IPTV service. Rather than dilute the shareholders with traditional means of raising capital by increasing the issued and outstanding, we believe it to be more beneficial to the shareholders to liquidate some the positions and invest the proceeds directly into the company."
ABOUT GLOBAL ONLINE TELEVISION (GOTV)
Global Online Television Corporation was originally established by Atlantis Technology Group as a media subsection that would develop research in the advancement of media-based technology. GOTV brings the largest internet protocol television networks together for your home television viewing. IPTV is TV to TV, using standard broadband connections. By using the IPTV and Microsoft Windows Media Player, the video stream is delivered to your home television over broadband internet connection. Any broadband internet connection can be used, so there is no need to change providers. It is fast, simple, and affordable.
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Information contained in our report will contain "forward looking statements" as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company's operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov/ and FINRA at http://www.finra.org/.
Disclosure: OTCPicks.com has been previously compensated three thousand five hundred dollars by a third party (Green Horseshoe) for SNWT advertising and promotional services. Currently OTCPicks.com is being compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for SNWT advertising and promotion. OTCPicks.com has been previously compensated seven thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated twelve thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for AGRT advertising and promotional services. OTCPicks.com has been compensated two thousand dollars by a third party (Blue Wave Advisors) for a one week GTWO advertising and promotional program. OTCPicks.com has been compensated ten thousand dollars by a third party (Emerging Market Consultants) for GTWO advertising and promotional services. OTCPicks.com has received three thousand dollars from a third party (Heritage First Capital) for LUXED advertising and promotional services. 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.
