Dallas, TX 11/7/2007 12:48:10 PM
OTCPicks.com Stocks to Watch for Wednesday, November 7th ITRO, GXPI, DIVX, AIXG, GSPG, EFSF
Our Stocks to Watch tomorrow include Itronics Inc. (OTCBB: ITRO), Gemini Explorations (OTCBB: GXPI), DivX, Inc. (NASD: DIVX), AIXTRON AG (NASD: AIXG), GoldSpring, Inc. (OTCBB: GSPG), eFoodSafety.com, Inc.’s (OTCBB: EFSF)
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ITRONICS INC (OTCBB: ITRO)
"Up 120.00% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/ITRO.php
Itronics, Inc., through its subsidiaries, operates as an environmental process technology company in the United States. It operates through two segments, GOLD'n GRO Fertilizer and Mining Technical Services. The GOLD'n GRO Fertilizer segment offers fertilizer manufacturing, photochemical recycling, and silver refining services. The Mining Technical Services segment provides mineral project planning and technical services to the mining industry. This segment offers technical services in the areas of mining, geology, mining engineering, mineral economics, material processing, and technology development to the U.S. and foreign mining companies, public utilities, state agencies, the United Nations and the World Bank. It operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Rhode Island, Washington, and Utah. The company was founded in 1987 and is based in Reno, Nevada.
ITRO News:
November 6 - Itronics Continues to Advance New Product and Process Technology Developments to Improve Its Financial Situation and to Increase Its Environmental Achievements
Itronics Inc. (OTCBB: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) reported that its subsidiary, Itronics Metallurgical, Inc., is continuing to make progress on a number of product and process developments, including new air cleaning technology, that will improve the Company's bottom line and reputation as an environmentally progressive company. This update demonstrates the Company's continuing ability to convert new environmentally sound and operationally integrated product and process concepts into commercial reality.
Revisions to the photochemical blending procedures that will increase throughput capacity for GOLD'n GRO manufacturing by 250 percent were completed and are being implemented.
Work continued on equipment design and specification for the expansion of the solids handling capacity in the silver refinery, with completion expected in the fourth quarter in order to significantly increase production capacity.
During the third quarter development work on the new silver-iron-zinc-sulfur concentrate leaching process continued. The leaching process has two steps; (1) removal of iron and other nutrient metals (ItroMet FeLix Process), and (2) removal of sulfur (ItroMet SuLix Process). Development of operating parameters for the ItroMet FeLix Process is nearly complete, and development of operating parameters for the ItroMet SuLix Process is underway. Plans to perform small-scale pilot leach tests are being implemented with completion of leaching tests expected in the fourth quarter. The two leaching processes reduce silver refining cost and increase silver refining capacity by reducing the weight of solids fed to the silver refinery by 50 percent. At the same time the processes produce two base liquids for use in manufacturing GOLD'n GRO chelated liquid fertilizers. These are: (1) an iron-zinc base liquid, and (2) a sulfur base liquid. Use of these base liquids in GOLD'n GRO fertilizer manufacturing is expected to replace some of the non-hotographic raw materials needed to produce the fertilizers, thereby stabilizing and reducing manufacturing costs.
The Company has begun development of a third related process (ItroMet K-Thio Process) that will convert the recovered sulfur-bearing liquids to potassium thiosulfate, a raw material used in manufacturing the GOLD'n GRO fertilizers. Completion of this third process will result in an integrated silver-iron-zinc-sulfur solids handling system that produces zero waste and makes it possible to maximize use of the contained nutrient metals and minerals, while leaving the silver and other non-nutrient metals and minerals in the remaining solids being sent to the silver refinery for recovery of silver and production of a glass slag that can be used to make glass tile.
The Company has developed and installed a pilot-scale equipment system, called an "air scrubber," that cleans the air from the silver refining operation. The air scrubber uses a chemical solution sprayed into a packed column. The system provides nearly complete removal of impurities and odors in the air and produces a base liquid for use in manufacturing GOLD'n GRO fertilizers. The air scrubber has been operational since April 2007 and is working well. The Company is planning to install two more air scrubbers that will be needed as GOLD'n GRO fertilizer manufacturing continues to expand.
Air scrubbers are widely used in the chemical process industry, but they typically produce liquids that have to be disposed as either hazardous or non-hazardous wastes. The Company believes that the ability to produce a liquid product for use in fertilizer is not only environmentally beneficial but creates substantial economic savings compared to existing technologies and provides fertilizer raw material cost savings that will further stabilize and reduce the cost of manufacturing the GOLD'n GRO fertilizers.
The Company believes that in the future it may be able to convert these environmentally compatible technologies to process silver concentrates from multi-metal silver mines that are being developed in many Latin American countries and in other parts of the world. The Company plans to monitor these possibilities as it continues to develop this technology for its own use on a commercial scale.
"On-going advancement of integrated environmentally beneficial process and product technology demonstrates that Itronics' eight part long term growth plan, announced in June 2005, continues to be successfully implemented," said Dr. John Whitney, President. Itronics expects to report more fully on these developments for the third quarter on November 14 when it files its Third Quarter Form 10-QSB.
GEMINI EXPLORATIONS (OTCBB: GXPI)
"Up 72.27% on Tuesday"
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.
DIVX (NASD: DIVX)
"Up 32.64% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/DIVX.php
DivX, Inc. creates products and services designed for media applications. It offers a video compression-decompression software library, or codec, which is a set of software libraries that plugs into video software applications and allows users to create and play DivX videos. The company also provides DivX Player, a software application that allows users to process video downloads, manage video collections, and activate DivX certified devices; DivX Web Player, a software plug-in that interfaces with Web browsers and allows DivX video to be embedded and played within Web pages; DivX Content Uploader, a software plug-in for content publishers to upload the videos to an online video community Website; DivX Pro video codec, which offers encoding tools; DivX Converter, which automatically converts files in other media formats to its DivX media format; software development kits that allow software vendors to build DivX playback and creation support into their products; and Open Video System, a hosted service that allows content creators to deliver DivX video content over the Internet. The company also operates Stage6.com, an online video community Web site that allows users to upload and publish video content on the Web site. It markets its technologies to a range of integrated circuit manufacturers, original design manufacturers, original equipment manufacturers, and software developers worldwide. The company was incorporated in 2000 and is headquartered in San Diego, California.
DIVX News:
November 5 - DivX, Inc. Names Kevin Hell as Chief Executive Officer
DivX, Inc. (NASD: DIVX) announced that its Board of Directors has appointed Kevin Hell as DivX’s new Chief Executive Officer and a member of the Board, effective October 31, 2007.
Commenting on the CEO appointment, Jordan Greenhall, the Company’s Chairman of the Board, stated, “Kevin is a strong leader with a distinguished track record who has been leading our consumer electronics licensing business for over five years. Coupled with 20 years in the industry, Kevin is the logical choice as CEO for DivX as it refocuses on opportunities in several key product markets. The entire Board looks forward to working with Kevin as he moves into his new role.”
“DivX is a great company, and I believe we are in a strong position to emerge as the de facto standard for high-quality digital video across any device,” commented Hell. “I appreciate the vote of confidence from our Board of Directors, and I am excited to lead our team forward as we focus on three key market opportunities: growing our licensing business, launching our new DivX Connected platform, and expanding our content solutions.”
Hell, 43, has served as the Company’s Acting Chief Executive Officer since July 2007. Between 2002 and 2007, Hell held a number of management positions within DivX including Chief Marketing Officer and Managing Director, Chief Operating Officer, the Company’s CXO for Partners and Licensing, and President. Before joining DivX in 2002, Hell served as Senior Vice President of Product Management for Palm Solutions Group, a handheld solutions company, as well as Vice President of the Connected Home division and Vice President of Corporate Strategy at Gateway, a personal computer manufacturing company. Prior to Gateway, Hell worked with the Boston Consulting Group in Los Angeles focused on high-technology and entertainment. Hell received an M.B.A. from The Wharton School, and a master’s degree in Aeronautics and Astronautics and a B.S. in Mechanical Engineering from Stanford University.
November 5 - DivX, Inc. Reports Record Revenue for Third Quarter 2007
DivX, Inc. (NASD: DIVX) announced results for the third quarter ended September 30, 2007.
The Company reported record revenue for the third quarter of $21.9 million, an increase of 42% compared to revenue of $15.4 million reported in the third quarter of last year. GAAP net income in the third quarter of 2007 was approximately $800,000, or $0.02 per diluted share. DivX generated non-GAAP net income of $5.9 million, or $0.17 per diluted share. Non-GAAP EPS excludes (1) non-cash share-based compensation of approximately $2.4 million, ($1.4 million, or $0.04 per diluted share, net of related taxes), (2) operating costs directly attributable to Stage6 of approximately $4.0 million ($2.4 million, or $0.07 per diluted share, net of related taxes), and (3) an asset impairment charge of approximately $2.2 million ($1.3 million, or $0.04 per diluted share, net of related taxes).
“This quarter DivX made outstanding progress toward its vision to transform the digital media experience for consumers,” commented Kevin Hell, Chief Executive Officer for DivX. “We strengthened relationships with our major OEM partners, added key partners to support our move into new product categories, and continued to grow consumer adoption and overall penetration in our core licensing business. We launched DivX Connected and are looking forward to the rollout of the first DivX Connected devices in the fourth quarter in Europe. In our new mobile initiative, we announced an exciting new agreement with Qualcomm and extended an existing relationship with Samsung. We also signed a multi-year renewal license with LG Electronics covering a broad portfolio of digital media products, including DVD Players, digital televisions, and mobile handsets. Overall, we are very confident that our strategy is gaining momentum and we are well-positioned to execute successfully."
“We generated strong cash from operations in the quarter, further strengthening our balance sheet that has more than $4.70 per share in cash and investments,” said Dan Halvorson, Executive Vice President and Chief Financial Officer of DivX. “Our third quarter results demonstrate the earnings power of the DivX core business that will continue to support our growth strategy in the future. Our commitment to profitable growth is evidenced by our increased DivX core EPS guidance in the fourth quarter.”
Halvorson added, “As we shared with you in our second quarter earnings call, we continue to believe that Stage6 has value to DivX and we are exploring a number of alternatives for this asset. We will keep investors informed of our progress in the coming months.”
AIXTRON AKTIENGESELL (NASD: AIXG)
"Up 21.76% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/AIXG.php
AIXTRON Aktiengesellschaft produces and supplies deposition equipment to the semiconductor industry. Its solutions are used by a range of customers to build components for electronic and opto-electronic applications, which are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, and displays. The company offers vapor deposition systems for the production of wafers; systems for research and development use and small-scale production; and a range of peripheral equipment and services, including products capable of monitoring the concentration of gases in the air and of cleaning the exhaust gas from metal organic chemical vapor deposition processes. It also assists its customers in designing the production layouts of tube piping and switching devices for the gas supply to thin film deposition systems, as well as offers process technology, training, and consulting services. The company sells its products
and services directly through strategically located sales and service facilities in Germany, the United States, the United Kingdom, Sweden, Japan, South Korea, China, and Taiwan, as well as through independent sales and service representatives in India, Israel, Poland, Russia, and Taiwan. AIXTRON Aktiengesellschaft was founded in 1983 and is headquartered in Aachen, Germany.
AIXG News:
November 6 - AIXTRON with Record Order Intake in Q3 of 2007
Strong nine months Revenues of EUR 160.7m (up 48% yoy)
EUR 16.4m EBIT, 10% EBIT-Margin achieved for 9M/2007
Largest ever quarterly Order Intake: EUR 70.0m for Q3/2007
Increased Guidance for 2007: EUR 215m Revenues, EUR 20m EBIT
AIXTRON AG (NASD: AIXG), worldwide leading provider of deposition equipment to the semiconductor industry, announced financial results for the nine months, ended September 30, 2007.
Operative Highlights
In the first nine months of 2007, AIXTRON delivered total revenues of EUR 160.7m, a 48 percent increase year over year (9M/2006: EUR 108.6m). Reflecting the increasing percentage of new common platform system revenues, paired with a favorable product mix, the gross margin slightly improved by 1 percentage point year over year, culminating in a 39 percent gross margin performance by the end of 9M/2007. AIXTRON's 9M/2007 EBIT figure is a positive EUR 16.4m (compared to a EUR -2.4m loss in 9M/2006), leading to a positive net result of EUR 14.8m in 9M/2007 (compared to a EUR -2.4m loss in 9M/2006). The free cash flow of EUR 5.0m in 9M/2007 compares to EUR 21.3m in 9M/2006, the decrease being largely due both to the timing of payments to suppliers after high production levels and to high volume trade receivables for deliveries at quarter end in September. With the record equipment order intake figure of EUR 70.0m in Q3/2007, leading to a nine months 2007 order intake of EUR 160.8m, the Company is able to report a significant increase in equipment order intake year over year (9M/2006:EUR 133.5m) of 20 percent. Order backlog stood at EUR 102.8m by the end of the first nine months of 2007, a 5 percent increase compared with 9M/2006(EUR 98.3m).
Management Review
Paul Hyland, Chief Executive Officer at AIXTRON, comments: 'Q3 is now the 6th consecutive quarter in which we have received more than EUR 40m of system orders and also marks the highest ever order intake quarter the company has ever had. Coupled with the continuously improving profitability during the year we are just beginning to reap the benefits of the very focused approach the business has taken over the last few years. The record level of deposition equipment demand, we experienced in Q3, reflects the increasing appearance of the first generation consumer LED backlighting products appearing in the market. At this early stage, these initial commercial products are predominantly small and medium-sized backlighting units utilizing white LEDs, and we have not yet seen the impact of full RGB backlighting technology, which should become more evident in the next year. Another interesting market development is the degree to which the 'premium-player' LED-producers have recently increased the frequency of announcements on new efficiency records for their LEDs, suggesting that they believe they are ahead of the generally accepted roadmaps and that Solid State Lighting may become commercially viable earlier than previously envisaged. These factors, along with a greater level of activity in e.g. LED automotive applications leave us with a more promising short to medium term outlook than I can recall over the last five years and we are very well placed to meet the challenges these opportunities bring with them'.
Outlook
Following the continued positive revenue and EBIT development, AIXTRON management has raised the full year 2007 revenue guidance to EUR 215m and expects an EBIT of EUR 20m for the calendar year.
GOLDSPRING INCORPORATED (OTCBB: GSPG)
"Up 29.03% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/GSPG.php
GoldSpring, Inc. is a North American precious metals mining and milling company with an operating gold and silver mine in northern Nevada. The Company was formed in mid-2003 and acquired the Plum Mine property in November 2003. In the Company's relatively short history, it secured permits, built an infrastructure and brought the Plum project into production. During 2005, the Company acquired additional properties around the Plum project in northern Nevada, expanding its footprint and creating opportunities for exploration. GoldSpring is an emerging company, looking to build on its success through the acquisition of other mineral properties in North America with reserves and exploration potential that can be efficiently put into near-term production. The Company's objectives are to increase production, increase reserves through exploration and acquisitions, expand its footprint at the Plum mine, and maximize cash flow and return for its shareholders.
GSPG News:
November 6 - GoldSpring, Inc. Announces Additions to Its Comstock Lode Team
GoldSpring, Inc. (OTCBB: GSPG) announced the appointment of Dwight Juras, PH.D in Geology, and Mike Norrad, Graduate of the Colorado School of Mines, to its consulting team to assist in the development of its project in the Comstock Lode district. Mr. Juras has over 30 years of diverse experience in structural ore control and geological surveying and mapping of vein systems. Mr. Norrad has more than 30 years of experience in developing engineering data base management, technical graphics, geostatistics, and numeric analysis software for the mining industry. For the last 24 years, Mike has served as President of Techbase International, Ltd., where he developed the widely-used Techbase software system for mining companies.
Company COO, James Golden, stated, "These two professionals are well known industry experts with established mining history in the Comstock Lode region. Their initial responsibilities will be to review the geological data developed by our team over the last several months, assist with our drilling program and to integrate the findings into our mine plan we have been developing during 2007. We continue to identify other professionals with specific skills to strengthen our team."
The Company spent most of 2007 analyzing geological data, developing geological mapping, planning developmental and exploration drilling and developing a comprehensive mine plan. These steps were taken to improve the Company's overall mining, milling and processing procedures. The Company anticipates the drilling program to commence in the short term, subject to its ability to raise adequate capital. Mining and milling activities should resume immediately following the completion of the mine plan, upon receipt of adequate financing.
EFOODSAFETY.COM (OTCBB: EFSF)
"Up 12.77% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/EFSF.php
eFoodSafety.com, Inc., through its subsidiaries, offers technologies that enhance food and health conditions. It develops various products, including an anthrax sporicidal, a germicidal cleaner, a wound care antiseptic, an herbicide, and an insect repellent. Sporicidal eradicates anthrax; and germicidal product kills various bacteria, including E-coli, Listeria, Pseudomonas, Salmonella, Staphylococcus and Streptococcus, and avian flu. The company also distributes various products to physicians who then prescribe the products for their patients. It primarily distributes Talsyn-CI/bid scar cream that facilitates and improves the appearance, redness, and strength of scars; and Cinnergen, a non prescription liquid whole food nutritional supplement that promotes glucose metabolism. In addition, the company owns PurEffect, a four-step clinically-studied anti-acne formula. eFoodSafety.com markets its products in the United States and internationally through various nonexclusive distribution agreements, as well as through trade shows, and industry-related events and seminars. The company was incorporated in 1998 and is based in Scottsdale, Arizona.
EFSF News:
November 6 - eFoodSafety Appoints CPG Focus Consulting to Lead Distribution of New Immune Boost Bar(TM)
Proven Marketers of Marquee Brands Like PowerBar, Birdseye, Stouffer, Toll House, Edge, and Windex to Launch National Campaign
eFoodSafety.com, Inc.’s (OTCBB: EFSF) announced that CPG Focus Consulting of Richmond, Virginia has been appointed to lead the sales and marketing efforts behind the company’s new Immune Boost Bar™ in a national campaign targeting all classes of trade including grocery chains, mass market, convenience, drug, natural food and club stores.
The Immune Boost Bar™ is a delicious and comprehensive multi-nutrient product helping fortify the body’s immune system. The product contains Citroxin, eFoodSafety’s proprietary all-natural supplement proven effective in fighting several types of harmful bacteria. In addition, Immune Boost Bars contain forty active compounds that assist with enhancing immunity, detoxification, cleansing, and metabolic efficiency.
The principals of CPG Focus Consulting bring many years of consumer product goods experience across the aisles with number-one brands such as PowerBar, Birdseye, Stouffer, Toll House, Edge, and Windex. The company boasts over 15 years of experience in nutritional bar sales and marketing.
CPG Focus Consulting CEO Doreen Swartz stated, “When the opportunity was presented to us to represent the Immune Boost Bar, we immediately understood the product’s potential huge upside potential in today’s current nutritional bar category. This is the boost the category needs at this time. We strongly believe the features and benefits of this product will appeal to all segments of current consumers of nutritional bars as well as bring new users to the category.” Swartz further stated, “Our intimate knowledge of key accounts across all channels of trade give us a distinct advantage in getting mass distribution of the product and achieving the speed to shelf goals that our clients desire in today’s market. We are very excited to be involved with the project and are ready to hit the ground running.”
CPG Focus Consulting CFO Kristy Seaton stated, “Based on our experience from our many years within the nutritional bar industry, we believe we can generate at least $5 million in revenue the first year and the upside from there will be tremendous. We have been involved with other bar brands that now generate in excess of $100 million per year in revenue and we believe this product brand has similar potential.”
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