KCM HOLDINGS CORP (Pinksheets: KCMH) $0.137. Announced Thursday that GEENIUS, a KCMH incubated venture and patented knowledge transfer company, has signed a definitive Agreement with Michael Drew. Michael Drew's book marketing company, Promote A Book, boasts 61 Best Sellers on the New York Times, Wall Street Journal, and Business Week bestseller list. When launched in 2010, the partnership will create an alternative distribution channel for the $22 billion publishing industry.
Promote A Book will begin to integrate GEENIUS into their platform building team, which has turned 61 authors into national best sellers using their proprietary marketing strategies. Promote A Book services numerous fortune 500 companies. Promote A Book authors will also become “GEENIUS Entrepreneurs” creating knowledge communities using the patented technology. GEENIUS' technology improves long term memory retention. The average reader retain 5 - 10% of the material they read, long term. Using the GEENIUS Technology, the reader retains 80 - 90% of the material. GEENIUS allows authors to monetize intellectual properties through global social networks. GEENIUS entrepreneurs will have access to the same world-class, platform-building strategies that Promote A Book has successfully used to create 61 best selling authors. This will attract millions of customers and users to both GEENIUS, GEENIUS Entrepreneurs, and Promote A Book.
GEENIUS is currently in the final stages of becoming a fully reporting publicly traded company by Q1 of 2010. KCMH, for incubation services, has secured percentage ownership in GEENIUS along with revenue sharing. KCMH is already using GEENIUS for other ventures including subsidiary KCM Insurance Services. Says KCMH CEO, Donald Klein, “GEENIUS’ patented system is enhancing the way we do business and will transform the way we all look at learning and monetizing the Internet.”
What They Do: KCMH is a strategic business development holdings company.
Green Mountain Coffee Roasters (Nasdaq: GMCR) $81.85. Announced Friday after market close that Pebbles Acquisition Sub, Inc. (“Purchaser”), a wholly owned subsidiary of GMCR, has extended its previously announced $35.00 per share cash tender offer to purchase all outstanding shares of common stock of Diedrich Coffee, Inc. (Nasdaq: DDRX) $34.92. The tender offer was scheduled to expire at midnight, New York City time, on Monday, January 11, 2010. In accordance with the terms of the merger agreement among GMCR, Purchaser and Diedrich Coffee, the tender offer has been extended 20 business days to expire at midnight, New York City time, on Friday, February 5, 2010, unless further extended. All other terms and conditions of the tender offer remain unchanged.
What They Do: As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices.
Bronco Drilling Company (Nasdaq: BRNC) $6.06. Announced Friday after market close operational results for the month and quarter ended December 31, 2009.
Utilization for the Company’s drilling fleet was 32% for the month of December compared to 30% for the previous month, and 31% for the fourth quarter compared to 23% for the third quarter of 2009. The Company had an average of 37 marketed drilling rigs in the month and fourth quarter compared to 37 in November and 45 for the third quarter of 2009. The average dayrate on operating drilling rigs as of December 31, 2009 was $15,079 compared to $15,608 as of November 30, 2009, and $15,432 for the fourth quarter compared to $15,113 for the third quarter of 2009.
What They Do: Bronco Drilling Company is a provider of contract land drilling and workover services to oil and natural gas exploration and production companies.
OG&E (NYSE: OGE) $35.97. Announced Friday after market close that the Oklahoma Corporation Commission (OCC) has issued two orders authorizing the company's purchase of electricity from new wind farms currently being developed in northwestern Oklahoma.
The OCC orders clear the way for OG&E's customers to receive electricity from a 150-megawatt wind farm being constructed by CPV Keenan in Woodward County and a 130-megawatt facility being built by Edison Mission Energy in Dewey County near Taloga. Both wind farms are expected to be in production by year-end. The Commission approved 20-year power-purchase agreements, under which the developers will build, own and operate the wind farms and OG&E will purchase their electric output.
What They Do: OG&E, which serves more than 776,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas, is a subsidiary of Oklahoma City-based OGE Energy Corp. (NYSE: OGE), which also is the parent company of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma.
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