Dallas, TX 11/7/2007 2:42:18 AM
OTCPicks.com Daily Market Movers Digest Midday Report for November 6th SPNG, QMCI, ASWRF, DCFF, SHSH, GXPI
Our Stocks to Watch today include SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), QuoteMedia, Inc. (OTCBB: QMCI), Anglo Swiss Resources Inc. (OTC BB: ASWRF), Diet Coffee, Inc. (OTCBB: DCFF), Shoshone Silver Mining Company (OTCBB: SHSH), Gemini Explorations Inc. (OTCBB: GXPI)
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SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
Detailed Quote: http://www.otcpicks.com/quotes/SPNG.php
Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
SPNG News:
November 5 - Successful APEX/SEMA Auto Show for SpongeTech Delivery Systems in Las Vegas
SpongeTech Had Numerous Domestic and International Retailers Showing a High Interest in Products
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) exhibited its SpongeTech Delivery Systems Car Wash & Wax products at the APEX/ SEMA (Specialty Equipment Market Association) show which was held in Las Vegas this past week. The APEX/SEMA Auto Show in Las Vegas is truly unique among car shows. For one, it's not open to the public. The APEX/ SEMA show is for members of the trade only, so unless you build, sell or are in some way associated with the aftermarket auto parts and accessories industry you can't go. That restriction doesn't limit the attendance, however, as the SEMA auto show floor is as crowded as any of the other big city auto shows.
SpongeTech Delivery System's CFO Steven Moskowitz commented, "We had a fantastic APEX/SEMA show this past week. This is one of the best automotive industry shows we have attended to date and the contacts we made at the show were excellent. We had automotive resellers and retailers from all over the world visit us at our booth." Mr. Moskowitz continued, "While we cannot divulge contact names, suffice to say, that we enjoyed very high traffic by numerous domestic and international big-box retailers, several well known automotive supply retailers, prospective automotive product distributors in a large number of international markets, and very well known and highly respected automotive product suppliers interested in private labeling SpongeTech Car Care products with their own trade brand. If we can close deals with just 5% of the contacts that visited us at the show we will significantly grow our business in 2008 beyond the orders currently on our books. The great thing about the APEX/SEMA show was that there were no 'Tire Kickers.' All of the attendees were industry related resellers, distributors, retailers and rep firms, so the vast majority of the leads we gathered were legitimate and prospective future SpongeTech customers."
For more information, contact Investor Relations at 1-877-SPONGE T or visit the company website at www.spongetech.com.
QUOTEMEDIA INC. (OTCBB: QMCI)
Detailed Quote: http://www.otcpicks.com/quotes/QMCI.php
Company Profile: http://www.otcpicks.com/quotemedia/quotemedia.htm
QuoteMedia, Inc. (OTCBB: QMCI) is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, visit www.quotemedia.com.
QMCI News:
November 5 - QuoteMedia to Provide Quotestream Wireless in Motorola Q Paks
QuoteMedia, Inc. (OTCBB: QMCI) announced that Quotestreamtm Wireless Lite is included in Motorola’s new “My Q Paks”, a suite of third-party application bundles designed to meet a MOTO Q user’s lifestyle needs.
Three My Q Paks bundles are currently available, each containing 4-5 applications that help meet the needs of the Road Warrior; Fun Seeker; and Household CEO. Quotestreamtm Wireless Lite, a specially developed version of QuoteMedia’s leading edge wireless portfolio management software, is offered to consumers as part of the Road Warrior Bundle.
"Motorola’s My Q Paks are designed to provide end-users with access to the information and software that is of particular importance to them," said QuoteMedia Ltd. CEO, Dave Shworan. "With the Road Warrior Bundle, the focus is on keeping busy professionals, particularly those who are frequently on the road, connected to vital financial and business information. Quotestream Wireless is an ideal fit for business professionals on the go, who need access to timely market data and information from anywhere, anytime."
ANGLO SWISS RESOURCE (OTCBB: ASWRF)
"Up 28.77% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ASWRF.php
Anglo Swiss Resources holds key gold (British Columbia) and diamond (North West Territories) properties in close proximity to successful mining operations. The Company has completed its 2007 drilling on the Fry Inlet diamond project. All kimberlite-bearing drill core has been logged, split and forwarded for laboratory diamond analysis. Diamond count will be released when received. For further information, visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email ASW@agoracom.com.
ASWRF News:
November 6 - Anglo Swiss Resources Encounters Significant Sulphide Mineralization During Drilling at Its Kenville Mine Property, Nelson, BC
Anglo Swiss Resources Inc. (OTC BB: ASWRF; CDNX: ASW.V; Berlin: AMO.BE) is providing an initial progress report at the outset of its Phase 1 Diamond Drill Program at the Kenville Mine project. The current Phase 1 drill program, entailing approximately 1500 meters (4900 feet), is in its early stages with the first two drill holes (AK07-01 & AK07-02) completed on Line 2500 N.
Highlights of DDH AK07-01:
Hole AK07-01 (azimuth east, dip -45 degrees) contained significant sulphide mineralization throughout the upper portions of the drill hole, to approximately 215 meters (705 feet), with the drill hole terminating at 369.4 meters (1212 feet).
Porphyry style disseminated copper (mainly chalcopyrite) was encountered at the top of drill hole AK07-01 to approximately 25 meters (82 feet) depth in the hole.
A second larger zone of consistent disseminated chalcopyrite mineralization was encountered from 145 meters to 215 meters (70 meters) or from 476 feet to 689 feet (229 feet).
Mineralization in drill hole AK07-01 is generally hosted within siliceous dark foliated, magnetite enriched diorites, containing variable disseminated concentrations of pyrite, chalcopyrite with traces of bornite.
Mineralization encountered in drill hole AK07-01 occurs within a well-defined IP chargeability high as delineated by the 2007 summer geophysical surveys carried out over the western portion of the Kenville property.
Highlights of DDH AK07-02:
Hole AK07-02 was positioned at the same collar location as drill hole AK07-01. The initial dip of this hole was set at minus 70 degrees, drilled towards the west.
This drill hole was drilled to a final depth of 195.1 meters (640 feet), with the hole designed to test a zone of low chargeability and low resistivity, which was postulated as a possible mineralized alteration zone.
Sporadic zones of copper mineralization were encountered within foliated diorites from surface to 58.6 meters (192.25 feet) depth.
A separate zone of disseminated chalcopyrite occurred within silicified diorite over the interval 157.3 to 168.3 meters (36 feet).
This Phase 1 drill program is designed to test areas of variable IP chargeability, resistivity and geochemical anomalies throughout the surveyed grid area measuring 1100 meters (3608 feet) north/south and 700 meters (2926 feet) east/west, with depth measured to 400 meters (1312 feet).
Drill hole core samples have been sent to an accredited assay lab for both gold assay and multi-element ICP analysis. Results will be reported promptly upon receipt by Anglo Swiss Resources. The 2007 drill results will be combined with the existing geochemical data and previous drill results to assist the technical staff in selecting further drill locations for the Phase 2 drill program.
The Kenville site is 10 kilometers (6.2 miles) west of Nelson, British Columbia, which is located in the West Kootenay region of southern British Columbia. This is a prolific area of numerous mineral showings and past producing mines, including the Kenville Gold Mine, explored since the late 1800's.
DIET COFFEE (OTCBB: DCFF)
"Up 17.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DCFF.php
Diet Coffee, Inc., through its subsidiary, Zevotek, Inc, focuses on selling an energy saving compact fluorescent light bulb named ?the Ionic Bulb'. It intends to market the ionic bulb through TV infomercials, catalogs, magazines, and various U.S. retail and specialty stores, as well as through its Web site ionicbulb.com. The company was founded in 2005. It was formerly known as The Diet Coffee Company, Inc. and changed its name to Diet Coffee, Inc. in 2006. The company is based in New York, New York.
DCFF News:
November 6 - Zevotek, Inc. Receives Purchase Order from Amazon.com for Ionic Bulb Product
Zevotek, Inc., a wholly owned subsidiary of Diet Coffee, Inc. (OTCBB: DCFF; Frankfurt: T5V.F), announced that it has received an opening de minimis purchase order of its Ionic Bulb air purifying light bulb on Amazon.com. The company hopes this initial order leads to future orders on Amazon.com.
SHOSHONE SILVER MINING (OTCBB: SHSH)
"Up 30.30% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SHSH.php
Shoshone Silver Mining Company engages in the acquisition and exploration of mineral properties in Idaho, Montana, Arizona, and Mexico. It explores primarily for platinum group metals. The company's properties in Idaho include the Idaho Lakeview Group properties covering 600 acres located around an area of Bonner County; the Shoshone Group properties totaling 79.4 acres; the Bullion Group properties covering 172.5 acres; the Auxer property covering 40 acres; the Lucky Joe property covering 40 acres; the Regal Mine property covering 80 acres; the Confed Claims Lease covering 240 acres; and the Montgomery Mine claim group covering 500 acres. Its Montana properties include the Stillwater Extension property covering 200 acres of the Stillwater Complex of south central Montana; and the Princeton Gulch claims covering 120 acres in Granite County, Montana. Shoshone Silver also owns interests in the Arizona Goldfield property covering 80 acres, and the Gold Road Claims covering 320 acres in Mohave County, Arizona; and the Cerro Colorado Group claims covering 60 acres in Pima County, Arizona. In addition, the company has interests in the California Creek Group properties covering 360 acres in Elko County, Nevada; Bilbao-Mexico Property, which include mineral exploitation concessions covering 3,284 acres in the state of Zacatecas, Mexico; and various exploration properties in the state of Sonora, Mexico. The company was founded as Sunrise Mining Company in 1969 and changed its name to Shoshone Silver Mining Company in 1970. Shoshone Silver is based in Wallace, Idaho.
SHSH News:
November 5 - Shoshone Announces Management Change
On October 31, 2007, Shoshone Silver Mining Company (OTCBB: SHSH) and its Chief Executive Officer Conrad Houser mutually agreed to sever their relationship.
GEMINI EXPLORATIONS (OTCBB: GXPI)
"Up 15.97% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GXPI.php
Gemini explorations newly acquired La Planada property is located in the municipality of Sotomayor, department of the Nariño, in southwestern Colombia. Access to the property is approximately 80 km from Pasto the capital city of the Nariño department by open road. The project covers 45 hectares and it has an exploitation (mining) license (#17486) for a period of 10 years, and is renewable for an additional 10 years. This license is effective from November 28, 2001. An environment management plan was issued by the Colombian government in November 21, 2001. In addition the owners are required to present a production report every three months. La Planada property is composed of Dagua Group Upper Cretaceous quartzites and siliceous siltstones intruded by a granodiorite plug. Surface exposure is excellent and there were numerous workings at various elevations that can be roughly traced from one elevation to another. The width of the zone (i.e. within the property boundaries) appears much greater than other surrounding properties. There are at least 3 different crosscutting vein sets. The principal vein ranges between 0.4 m and 2.0 m in width. Other veins range between 3 and 20 cm (or more) in width. All carry some sulphides, and free gold was seen in both quartz and with the sulphides. Disseminated sulphides were seen in the host rock sediments, and these will probably contain low-grade gold values, although these have yet to be lab verified.
GXPI News:
November 5 - Gemini Explorations Inc. Increases Projected Cash Flow of the Los Chorros Gold Mine
Mine Modernization Projected to Yield US$12,960,000 of Net Cash Flow to Gemini
Gemini Explorations Inc. ("Gemini") (OTCBB: GXPI) reported that it has it has increased the cash flow projections for the Los Chorros Gold Mine. On October 25, 2007 Gemini reported vein sample results averaging 41.94 g/tonne Au which has increased the projected production yield from 12 to 20 grams per tonne. MPGS reports that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.The reports were prepared by general manager Juan Fernando Restrepo and chief geologist Carlos Alberto Vera of Minera Primecap Geological Services (MPGS) of Medellin, Colombia.
Historically one of the largest gold producing countries in the world, Colombia's vast mineral potential has remained virtually unexplored using modern exploration and mining techniques. The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector's most attractive new mining frontiers.
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