Our Stocks to Watch today include Intelisys Aviation Systems of America (OTCBB: IYSA), Allied Security Innovations, Inc. (OTCBB: ASVN), Latitude Industries Inc. (OTC: LTDI)
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INTELISYS AVIATION (OTCBB: IYSA)
"Up 1,257.14% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IYSA.php
InteliSys Aviation Systems has enjoyed consistent, measured and orderly growth since its start in 1987. InteliSys is continuing with this pattern by setting (and achieving) the realistic goals it sets for itself as to growth in its technology and financial operations. InteliSys is committed to developing leading edge solutions built on current generation technology, delivered to its clients in a cost-effective manner. The modules and functionality supported by InteliSys demonstrate the company’s deep commitment to deploy solutions that adhere to the workflows of airlines.
IYSA News:
November 26 - Intelisys Aviation Systems of America Completes Merger
Intelisys Aviation Systems of America (OTCBB: IYSA) completed a Stock Purchase Agreement and Share Exchange with Keenway Limited, a company incorporated under the laws of the Cayman Islands and each of the equity owners of Keenway Limited ("Keenway"). The closing of the transaction took place on November 19, 2007 and resulted in the merger between IYSA and Keenway.
Pursuant to the terms of the Exchange Agreement, IYSA acquired all of the outstanding capital stock and ownership interests of Keenway from the Keenway Shareholders for an aggregate of 94,545,042 shares, or 94.5% of the Company's common stock. In addition, Keenway agreed to pay cash of $550,000.
Keenway is a corporation formed on May 9, 2007 under the laws of Cayman Islands. Keenway holds 100% of the issued and outstanding stock and ownership of Hong Kong Yi Tat International Investment Limited, a limited company incorporated under the laws of Hong Kong Special Administration Region.
Prior to the closing of the Exchange Agreement, Chen Minhua, Fan Yanling, Extra Profit International Limited, Luck Glory International Limited a nd Zhang Xinchen were the shareholders of Keenway. In addition, Chen Minhua and Fan Yanling were officers and directors of Keenway.
As a result of the Exchange Agreement, the Keenway Shareholders transferred all their interest in Keenway to the Company and, as a result, Keenway became a wholly owned subsidiary of the Company, which in turn, made the Company the indirect owner of the Hong Kong subsidiary of Keenway.
As a further condition of the Exchange Agreement, the current officers and directors of the Company resigned and new officers and directors of the Company were appointed.
The merger agreement contains customary terms and conditions for a transaction of this type, including representations, warranties and covenants, as well as provisions describing the merger consideration, the process of exchanging the consideration and the effect of the merger. Specifically, the Exchange Agreement also requires that the Company cancel all outstanding options, warrants and convertible preferred stock prior to the closing of the Exchange Agreement.
ALLIED SECURITY INNOVATIONS (OTCBB: ASVN)
"Up 166.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ASVN.php
Allied Security Innovations, based in Wall, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online at www.ddsi-cpc.com. Its subsidiary, CGM Applied Security Technologies, Inc., with locations in Wall, NJ and a factory in Staten Island, NY, is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at www.cgm-ast.com.
ASVN News:
November 26 - CGM-ASI Tape, Label Sales Increase Related to Homeland Security
CGM Applied Security Innovations, Inc., a wholly owned subsidiary of Allied Security Innovations, Inc. (OTCBB: ASVN) ("ASI") continues its trend as a leader in the development and distribution of Homeland Security products and materials, seeing a significant increase in the sale of its signature security tapes and labels over the past year.
Sales of these products alone have increased by about $300,000 in 2006 to $500,000 so far this year, indicating the transportation industry's ongoing awareness and concern for increased security, as well as the industry's confidence in CGM/ASI products.
"We are pleased to see an increase in business in this critical area of our security infrastructure. Our growth, year to year is over 150%. This is an indication that our products continue to be recognized for delivering value and cost effectiveness," said ASI CEO Anthony Shupin.
LATITUDE INDUSTRIES (OTC: LTDI)
"Up 25.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LTDI.php
Latitude Industries, Inc. engages in the manufacture of recreational and specialty use powerboats. It intends to develop its own brand, Latitude powerboats with boat sizes from 23 feet to 50 feet. The company was founded in 1995 and is based in Miami, Florida.
LTDI News:
November 26 - Latitude Industries Generates Revenues Through Boat Shows
Latitude Industries Inc. (OTC: LTDI), a manufacturer of high-performance, center console powerboats, announced that it has generated revenues from previous boats shows.
Palm Beach Boat Show generated $200,000.00 in sales, while Texas International Boat Show generated contracts for three of the Latitude 28 SS worth over $270,000.00, and finishing the year strong in Annapolis, Maryland with three more contracts worth in excess of $350,000.00 was a plus, now we are ready to once again begin the Boat Show circuit starting in Baltimore, Miami International, and back to Palm Beach, and Texas.
Jonathan Giner, Director of Marketing and Sales, added that a current trend in the recreational boating industry is positioning Latitude Powerboats to take advantage of the desire for a luxurious, high-end boat with greater performance. This anticipated increasing demand for luxury marine vehicles is partially attributable to the 78 million baby boomers that are reaching the age of maximum earning power (Source: IBIS World, Jan. 2006).
"We are committed to this industry and to our shareholders," said Carolina Hernandez, President and CEO. She added, "I'm convinced that we are going to make great strides toward making Latitude the powerboat of choice."
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