Our Stocks to Watch today include eWorld Interactive, Inc. (OTCBB: EWIN), mPhase Technologies, Inc. (OTCBB: XDSL), Drake Gold Resources (OTC: DKGR), Sinoenergy Corporation (OTCBB: SNEN)
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EWORLD INTERACTIVE (OTCBB: EWIN)
"Up 11.96% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EWIN.php
eWorld Interactive ("eWorld") is a second-generation media and entertainment portal in Mainland China and other Asian markets. The company has assembled a portfolio of multi-media content and applications that provide advertising access to a large customer base in the region. eWorld is a compelling place for individuals to interact with top media franchises as well as create and share their videos, photos, music, and online experiences. Offline products and video production capabilities allow the company to create higher value offerings for content providers and advertisers.
EWIN News:
November 26 - eWorld Interactive Begins Production of Major TV Show in China
Pantene Sponsors Program based on America's Next Top Model
eWorld Interactive, Inc. (OTCBB: EWIN) (the "Company" or "eWorld") announced that its wholly-owned subsidiary MOJO Media Works ("MOJO") has begun production of the Chinese version of hit TV franchise "America's Next Top Model."
The production, titled "Pantene China's Next Top Model" is under license to MOJO by CBS Paramount, and is a co-production including Procter & Gamble (P&G), Starcom and Sichuan Satellite TV (SCTV).
Originating from Sichuan province with the largest population in China of over 87 million persons, SCTV is a national broadcaster with a household reach of over 640 million viewers, with consistent high rating numbers in the top 3 of all national channels.
The production brings together retail partners Wal-Mart, Watsons, Carrefour and Tesco as thousands of hopefuls register to audition through one of 500 kiosks deployed in stores across the country. Thousands of additional registrations are delivered via eWorld's web portal at www.pantene-cntm.com.
20 semifinalists will be selected from 4 audition locations in Beijing, Shanghai, Guangzhou and Chengdu. 10 finalists will eventually make it to the show which will be aired Sunday nights on Sichuan TV. Based on the successful 10 season long format owned by CBS Paramount, it is created, hosted and executive produced by Supermodel Tyra Banks, and is the chance of a lifetime for the contestants as all finalists will receive national exposure, top model training and see the winner acquire a modeling contract with a world renowned agency, with the added chance to act as a spokesperson for Pantene.
Mr. David Tumaroff, Executive Producer and CEO of MOJO Media Works stated, "I predict it will have a great following due to the success and exposure of America's version."
The program's official website is at www.pantene-cntm.com. Additional user information including registration, blog, bbs, video streaming, and voting systems are available through eWorld Interactive's site at www.17dian.cn.
MPHASE TECHNOLOGIES (OTCBB: XDSL)
"Up 22.06% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/XDSL.php
mPhase Technologies, Inc. a development stage technology company, develops and sells broadband communications products for telephone service providers in the United States. The company primarily offers TV+ solution, an open-standards, carrier class solution of middleware/software enabling telephone service providers to deliver broadcast TV using internet protocol. The TV+ solution also delivers video on demand, voice, and high-speed Internet over various types of existing infrastructure of a telephone service provider, including copper, fiber, or coax. The company's other digital subscriber line products that include plain old telephone service Splitter Shelf is a low pass/high pass filter that separates voice and data transmissions. It also develops highly sensitive magnetometers based on micro-mechanical systems. The company was founded in 1996 and is headquartered in Norwalk, Connecticut with additional offices in Little Falls, New Jersey; and New York, New York.
XDSL News:
November 26 - mPhase to Present at NIBA Las Vegas November 29th-30th
NanoBattery Successfully Powers Smart Shell
mPhase Technologies, Inc. (OTCBB: XDSL) will be presenting and exhibiting at the National Investment Banking Association, Inc. (NIBA) conference to be held at the Luxor Hotel Las Vegas, Nevada from Thursday November 29th through Friday November 30th.
At the show, mPhase will provide details on a successful firing of its AlwaysReady, Inc. Smart NanoBattery that delivered power for a 120mm smart shell fired by a US Army Abrams tank for 3 miles.
mPhase will also provide a progress update on its 95% owned Granita Media, a company concentrating on targeted advertising technology for TV.
NIBA is designed to add value to its members, their client companies and investors, and the securities industry at large, by continuing to be the premier forum for quality small capital companies seeking access and exposure to underwriters and broker/dealers in connection with their capital formation, and other financial objectives and to be the focal point for all those seeking to enhance the capital formation environment for small companies.
AlwaysReady, Inc., a new 100% owned subsidiary of mPhase Technologies, Inc. (OTCBB: XDSL), is a micro and nanotechnology development company focused on advanced power and sensing solutions. AlwaysReady designs and develops proprietary technology by manipulating matter at the scale of atoms and molecules, controlling properties at the micro- and nanometer levels, and packaging solutions into products that provide value to customers. The Smart NanoBattery offers a revolutionary approach to energy storage and power management. For more information, please visit www.alwaysreadytech.com.
Granita Media, a 95% owned subsidiary of mPhase Technologies, Inc. (OTCBB: XDSL), is a media technology company concentrating on targeting advertising technology for TV. For more information, please visit www.granitamedia.com.
DRAKE GOLD RESOURCES (OTC: DKGR)
"Up 17.65% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DKGR.php
Drake Gold Resources, Inc. is in the midst of creating a diversified natural-resource holding company, with a portfolio of precious and industrial metal-producing mines, as well as the creation of an oil/gas subsidiary. Diversification, as well as innovative exploration tactics, are part of an overall strategic plan being carried out by the company's formidable team of natural-resource development executives. Diversification plans include the development of gas, oil, gold, silver, and industrial-metal producing projects. For further information about Drake Gold Resources, visit www.DrakeGold.com.
DKGR News:
November 26 - Drake Gold Resources, Inc. Announces Decrease of Both Authorized and Outstanding Shares
Drake Gold Resources Continues Its Campaign to Strengthen the Architecture of the Company With the Completion of an AS/OS Share Reduction
Drake Gold Resources (OTC: DKGR), with the help of company President John Marconette and CFO Thomas Conar, has undertaken a comprehensive plan to develop a strong corporate structure.
The Outstanding Shares has been decreased from 878,156,800 shares to 808,156,800 shares. (An additional 20-million share cancelation will follow pending paperwork finalization.)
The Authorized Shares has been decreased from 1,401,500,000 to 950,000,000 (900M common, 50M preferred.)
"Very few start-up companies are willing to demonstrate the kind of responsibility needed toward forming a solid share structure. I am proud to say Drake Gold Resources is one of them," said President John Marconette. "We will be sending a message to the market that we are serious in our mining aspirations and our intentions are to set the bar higher than any other company currently trading over the counter."
SINOENERGY CORPORATION (OTCBB: SNEN)
"Up 14.49% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SNEN.php
Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as an operator of CNG stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
SNEN News:
November 26 - Sinoenergy Corporation Expects to Benefit from Government Policies Concerning the CNG Filling Station Industry
Sinoenergy Corporation (OTCBB: SNEN), a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of CNG filling stations in China, has announced that the Company expects to benefit from the recent increase in natural gas retail prices for vehicle users.
On November 8, 2007, the National Development and Reform Commission in China raised ex-factory natural gas prices for industrial users. However, this price increase does not apply to the wholesale price for CNG for vehicles use, fertilizer manufacture use or residential use. Moreover, the NDRC reiterated that since CNG-powered vehicles have a positive impact on the urban environment, they should have priority in using natural gas.
To encourage the use of CNG-powered vehicles, the National Development and Reform Commission in China recently requested that provincial municipalities increased local CNG retail prices so that they fall between 60% and 75% of the local price for 90 octane gasoline. The adjusted price shall not less than 75% of the price movement of 90 octane gasoline finally. Sinoenergy believes that this policy will improve the profitability for CNG filling station operators and therefore encourage greater investment in the sector.
As a result of the new policies, Hubei province's municipal government recently raised the retail price for CNG to vehicle users from 40 cents to 45 cents per cubic meter in Hubei province, while at the same time allowing major cities the flexibility to adjust the retail price of CNG used for vehicles in order to promote CNG supply and encourage the use of CNG-powered vehicles in local markets. Wuhan, the capital of Hubei province, where Sinoenergy has two CNG filling stations in operation, implemented this policy on November 19th. The two stations now are selling CNG to vehicles at 45 cent per cubic meter. Sinoenergy's management estimates that the increase in the retail price could increase the annualized net income of CNG filling stations. To a CNG filling station selling 10,000 cubic meters of CNG per day, it is expected to add net income of $73,000 per year.
"We are pleased to see the Chinese government's strong support for CNG vehicles. As a result of these policies, our purchase price for CNG currently remains unchanged, while we have benefited from increasing retail prices at which we sell CNG to vehicle users," said Mr. Bo Huang, CEO of Sinoenergy Corporation. "We believe the raising retail price for vehicles will aid in encouraging the development of a CNG filling station network throughout mainland China. And we remain confident that our business model will support improving revenues and profitability as Sinoenergy's new stations comes on line."
The price at which Sinoenergy purchases and sells CNG are both subject to price controls.
The Company also reported that its trading symbol had been mistakenly changed from SNEN to SNENE for two days this week due to a clerical error by NASDAQ. As previously reported and disclosed in an 8-K filing, Sinoenergy changed its fiscal year to end on Sept 30th and therefore is required to report its audited financial results for the period ended September 30th, 2007 by December 31, 2007. The Company was not delinquent in its filing obligations and NASDAQ has subsequently corrected its error in changing the trading symbol.
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