Our Stocks to Watch tomorrow include Esprit Financial Group Inc. (OTC: EFGO), GVI Security Solutions, Inc. (OTCBB: GVSS), Liberty Star Uranium & Metals Corp. (OTCBB: LBSU), BigString Corporation (OTCBB: BSGC), AB Watley Group, Inc. (OTC: ABWG) and Linktone Ltd. (NASD: LTON).
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ESPRIT FINANCIAL GROUP (OTC: EFGO)
"Up 50.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
EFGO News:
November 28 - Esprit Financial Group Inc. Announces Reverse Merger with Hebei Haorizi Company Ltd.
Esprit Financial Group Inc. (OTC: EFGO) (ESPRIT) announced that it has signed a firm and binding agreement to complete a reverse merger with Hebei Haorizi Company Ltd., a China based company.
The merger, will include both cash and stock together with $5,000,000 in special financing through existing preferred shares and common stock.
Hebei Haorizi conducts business primarily in the
The formal press conference and the signing ceremony between Ms. Jongmei Jia and Mr. Garr Winters was held the morning of November 28th, at the headquarters of Good Life in
Some of the attendees at the ceremony were:
- Deputy mayor of Shijiazhuang - Zhang Diankui,
- Deputy of the Secretary-General for Hebei Province - Tang hua ming;
- Mr. Chen deputy director of Beijing
- Mr Tang Min Deputy Secretary General
- Ms. Ma Yu Director of State Development Hebei Province
Mr. Johnason Xie, Vice President of Good Life advised; "We have been searching a long time for a suitable merger candidate with which to go public, and we see Esprit as a perfect match with what they bring to the table. Esprit's management team, their existing infrastructure, their technology and experience in my opinion is the best that we have seen period. We have been approached by many public companies and Esprit fits us and our vision like a custom made glove. We see this merger as a WIN-WIN proposition."
Esprit and Good Life management, estimate that the formal completion of the merger will take place as soon as the necessary filings with various authorities are completed, with a date most likely before December 31, 2007.
Good Life is one of the most successful, fastest growing, and most recognizable retail chains of Convenience style stores in Hebei Province, China (population 65 million), with 3 distribution centers servicing its 1,600 locations and over 2,000 merchant suppliers.
"Good life one of the most e-commerce and web enabled companies in
The merged companies will undergo a name change, including a new ticker symbol and CUSIP number prior to December 31 2007.
Good Life has grown at a meteoric rate since it was founded in 1998. It will close the year with approximately 1,600 stores operating under the Haorizi - Good Life retail banner by year's end. Total gross sales through the chain, which is run as a franchise operation, will exceed $100 million USD,
Its five year business plan sees Chinese operations growing to 20,000 stores as it expands geographically to neighboring Provinces.
Current Esprit CEO Garr Winters will step aside after the closing of the transaction, with Good Life founder Ms. Dongmei Jia assuming the CEO role for the merged companies.
Mr. Winters added, "Dongmai Jia is an incredible, amazing and a capable woman, who has put together an impressive organization. The Esprit - Hebei Haorizi union will provide the new management with many tools already in place at Esprit such as the Check21 service and Esprit's sub prime back office utilities such as the Trust vault and the E5 system. With Good Life's infrastructure and revenue stream in place coupled with what Esprit brings to the table this should appease even the worst critics who tend to look at the share value like a slot machine rather then a long term business goal, which we have always maintained we were striving to achieve."
Good Life's advanced e-commerce enabled IT platform and back-office services for its franchised network of 1,600 Good Life convenience stores network will allow for rapid deployment of these services in a short period of time.
Good Life, will utilize Esprit's existing E5 lending system, training and back office capabilities, and plans to role out some of these new financial products together with crop insurance for farmers in its local marketing areas, in the 1st half of 2008.
Esprit CEO Garr Winters said, "We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen. This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming. In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in
Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in
In closing, Mr Winters added, "As our shareholders know, I have another key objective that I would really like to fulfill before I step down. That is to see Esprit up-list to a fully reporting Pink Sheet or OTCBB status. I only have one month left to make that happen, so we will continue pushing the pedal to the metal a bit longer." Winters adds, "I can safely say that we are currently in the final stages of making this up listing happen and we have identified several possible candidates whose proposals we are entertaining at a serious and final level. We also have several other ways to make this up list happen with internal assets of IFGX, however the management plans on reviewing all of its options and those that are the most beneficial to its current shareholders before making a final decision."
Additional news and details will be posted as they become available at http://www.goodlifechina.com/ (English investor relations site) and http://www.haorizi.com/ (Chinese corporate site).
GVI SECURITIES SOLUTIONS (OTCBB: GVSS)
"Up 43.64% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes
GVI Security Solutions, Inc., through its subsidiaries, provides video surveillance and security solutions to the homeland security, professional, and business-to-business markets. It offers a combination of closed circuit televisions, digital video recorders, access control, rapid access portals, software systems, and networking products that enhance life safety for government agencies and the private sector. The company's video surveillance and integrated security solutions include black and white, and color cameras, which include motion detection, and low light day/night resolution; waterproof and weather resistant cameras; dome and pinhole cameras and casings; a range of lenses; black and white, color, plasma, and flat screen monitors; videocassette and digital recorders, and hard disk recorders; video transmission equipment; digital video processors and recorders, switchers, and video management systems; digital video recording software; and hardware and software, which enable intelligent video surveillance. It also designs and manufactures building access portals. The company serves distributors, system integrators, government agencies, and private sector businesses in the
GVSS News:
November 28 - GVI Security Solutions and Samsung Electronics Announce Marketing Plan to Facilitate North American Expansion with Sales Target of Over $100 Million
GVI Security Solutions, Inc. (OTCBB: GVSS), a leading provider of video security solutions featuring the complete Samsung Electronics line of products, jointly announced a new marketing plan to facilitate a major expansion of North American sales over the next three years.
The plan provides $1.5 million in marketing funding from Samsung Electronics between January 2008 and January 2009 to expand GVI sales and marketing programs and to facilitate the planned launch of the new GVI Samsung Electronics IP Video Security Surveillance line. The marketing plan calls for a joint GVI Samsung nationwide road show to roll out the new products and targets 2010 sales in excess of $100 million.
“With the accelerating video security surveillance market and the transition to video over IP the development and marketing resources of a dominant electronics leader like Samsung Electronics becomes more and more of an advantage,” said GVI CEO Steven Walin. “Samsung’s commitment to devote their resources to drive our expansion in the North American market means that we have not only the products we need to grow, but also the corporate support and marketing strength to help increase our market share over the next three years.”
“We have confidence in GVI Security Solutions to rapidly increase Samsung Electronics Video Security sales in the
About GVI Security Solutions, Inc.
GVI Security Solutions Inc. is a leading provider of video surveillance security solutions to the homeland security, institutional and commercial market segments.
LIBERTY STAR URANIUM (OTCBB: LBSU)
"Up 41.30% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes
Liberty Star Uranium & Metals Corp. engages in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. It holds a 100% interest in 1,856 federal lode mining claims covering approximately 61 square miles of North Pipes Super Project located in Colorado Plateau Province of Northern Arizona. It also has interest in Big Chunk project, which includes 707 mineral claims, covering approximately 177 square miles in the Iliamna region of southwestern
LBSU News:
November 28 - Liberty Star Uranium Announces Diamond Drilling Program to Start December 1, 2007
Liberty Star Uranium & Metals Corp. (OTCBB: LBSU) (the “Company”) announced that it will start its diamond drilling program to explore its portfolio of breccia pipe targets (Pipes) in the North Pipes Super Project (NPSP) area starting December 1, 2007. This work will be done by its wholly-owned subsidiary Redwall Drilling Inc. (Redwall). This is a major transition for the Company — from property accumulation and geoscientific surface studies to almost complete emphasis on drilling to find uranium mineralization in numerous Pipes and define ore bodies.
The Company will first attempt to open fourteen holes drilled in the 1970s-1980s that are close to targets defined by our recent geochemical sampling and geologic mapping campaign. Down hole e-logs (electrical resistance measurements) and radiometric (radioactive) surveys will be conducted in these holes to determine whether a breccia pipe and/or uranium mineralization is present. These data will be compared to and integrated with surface geological and geochemical information. If any of these holes have encountered mineralization they may be used as a parent hole for directional drilling, utilizing this capability of the Redwall rig, crew and directional contractors. This will save substantial time and money and yield important information whether additional directional drilling is done from these holes or not.
Once these holes are opened and logged, the diamond drill crew will commence drilling our prioritized Pipes. As mentioned above, old drill holes will form part of our prioritization process and we will do final prioritization of which Pipes will be drilled first after the old holes have been surveyed.
At this time the company has nine Pipes fully permitted and ready for drilling. The first procedure will be angle drilling to determine the exact location and dimensions of the targeted breccia. Once the breccia has been defined, the center will be determined and a vertical hole will be drilled to a depth where the expected uranium mineralized zone should be encountered—historically found to be between 900 and 1,500 feet below the current surface. If uranium is intersected then a directional diamond core tool will be put on the end of the drill pipe and a directional hole will be drilled off the main hole to test the extent of uranium mineralization. Assuming continued intersection of ore grade mineralization, additional directional drill holes will be drilled until an ore body has been defined. During the drilling process, ore reserves will be calculated and a mine will be designed, and permitting for mine construction will be started. A bankable feasibility study will be finalized for that Pipe within a few months. After the definition of the ore body the drill will pull off that Pipe. The drill rig will go to another Pipe where the process will be repeated. If no ore grade mineralization is encountered with the vertical drill hole in a Pipe, we will immediately move to the next Pipe and repeat the process until one is found with ore grade mineralization. Directional drilling will ensue in a repeat process to define an ore body and so on.
The Company has designed this as a dynamic process in which decisions will be made on a daily and in some cases hourly basis as to what should be done next. This is possible because we are using a diamond drill manned by our own expert crew as part of the exploration team, in which core showing rock textures and mineral characteristics are continuously collected. Most drilling done in the district in the past and being done currently by others has been done by rotary drilling in which continuous samples of only very small fragments of rock are recovered. From such samples rock type and mineralization are interpreted by the project geologist and grade is calculated from down hole logging and assay of the sampled fragmented rock. By owning our own drill we can core drill more cheaply than rotary drill bids we have received and will recover solid core which yields 10 to 100 times as much information. Further, the core holes are less susceptible to hole deviation which has been a substantial problem with rotary drill holes in the district. Should a core drill hole of ours be seriously off target because of any similar deviation we can correct it with directional drilling to hit the intended target. We will also have two portable XRF (X-Ray Fluorescence) analysers on the drill site that can give us immediate semi-quantitative analysis (assay) of metal content within minutes of the drill core reaching the surface. This will be corroborated, much later, by standard assays on split core by our accredited analytical lab in
The Company intends that the drilling will be dynamic and fluidly changing where necessary to most cost effectively explore for and measure any mineral deposits located.
It is anticipated we will drill some 21 thousand feet of diamond core holes in the next 3 to 5 months, the exact amount being dependant on what the depth of the holes turns out to be, how many are directional versus straight, and rock penetration rate, none of which can be accurately predicted at this point. This may test several Pipes or it could define an ore body in just one or perhaps two Pipes. There are 9 Pipes that are permitted at this point and others are being evaluated and permitted as the summer’s geologic mapping and sampling results are digested.
This is a long-term project with more than 300 pipe targets being evaluated and prioritized. Assuming available funding, drilling will be continuous 24/7/365 for multiple years. The intent is to test all Pipes and bring those with defined ore bodies into production as quickly as possible. Various proposals for additional funding have been received and are being evaluated.
ON BEHALF OF THE BOARD OF DIRECTORS
James A. Briscoe,
President/Director
The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border. Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area. The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the
BIGSTRING CORPORATION (OTCBB: BSGC)
"Up 41.18% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes
BigString Corporation, through its subsidiary, BigString Interactive, Inc., provides email services. It offers BigString, which is a Web-based, POP3 server email service solution that allows the user to edit, recall, cancel, and erase the email, as well as insert or delete attachments, even after the email has been sent out and opened. The company also provides BigString Beta 2.0 that offers erasable, recallable, and self destroying applications, non-printable and non-forwardable emails, set time or number of views, and masquerading to protect the sender's privacy and security. BigString Beta 2.0 also provides spam filters, virus protection, and large-storage web-based email accounts. The company's products include BigString Free, which provides the features of BigString Beta 2.0, and includes 1GB of storage and permits the user to send unlimited emails per month; BigString Premium, which offers the features of the BigString Free account, plus vanity domains, POP3 access using any email client, 2GB of storage, and 30 minute video email; and BigString Business that offers the features of the BigString Premium account, plus 10 email accounts, 20GB of storage, global filter notification, and email management. BigString Corporation also offers BigString Marketer Pro, which provides an enterprise marketing software application which allows for the sending of interactive video email commercials that can be programmed to self-destruct at a set time; and BigString Marketer SMB, a hosted video email marketing platform for small and medium size businesses. The company was founded in 2003. It was formerly known as Recall Mail Corporation and changed its name to BigString Corporation in 2005. Bigstring Corporation is based in Red Bank,
BSGC News:
November 27 - iRazoo Search Portal Launches Email Powered by BigString
BigString Corporation (OTCBB: BSGC) (http://www.bigstring.com/), announced that it will be the private label email provider for the new email offering by the iRazoo search portal (http://www.irazoo.com/).
iRazoo’s users will be able to sign-up for a free, iRazoo.com email account, offering all the functionalities of BigString's patent-pending email services, including self-destructing, tracking and video email.
Darin Myman, President and CEO of BigString Corporation noted, "iRazoo’s use of BigString is an endorsement of our ability to create white label solutions for search, social networking and video-content based companies seeking to offer their customer’s unique messaging applications that help drive and maintain traffic to their websites."
Users of the new iRazoo’s private label email will be able to send an embedded video email (up to 10 minutes in length) without the need for the recipient to click on the a link or download the video. Another unique email features allow users to remotely erase or modify emails sent to recipients, designate their emails to be non-forwardable, non-printable and/or non-savable, or opt to have their emails self-destruct after a set amount of time or views. In addition, users will also have the added security to send secure emails via an encrypted, password-protected email system that can only be open via a Secure Socket Layer (SSL).
About iRazoo
iRazoo Inc., owner and operator of iRazoo.com, is a user recommended, points driven, search engine. iRazoo's patent-pending technology refines search results from multiple search engines with user interaction for improved relevancy. In addition to highly relevant search results, users accumulate points which may be redeemed in iRazoo's reward's program.
A B WATLEY GROUP (OTC: ABWG)
"Up 35.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes
Headquartered in New York City, A. B. Watley Group Inc. is a provider of online financial services through its wholly owned subsidiary, A.B. Watley Direct, Inc., a broker-dealer registered with the Financial Industry Regulatory Authority, Inc. (FINRA). and a SIPC member. Offering a comprehensive range of services, and developed for the most demanding equities and options traders, ABWG is positioned to attract the most diverse range of investors and traders — from the average investor to the most sophisticated retail and/or institutional stock trader.
ABWG News:
November 28 - AB Watley Announces 'Ultimate FX' and Partnership with FX Solutions
AB Watley Group, Inc. (OTC: ABWG) (http://www.abwatley.com/) announced its new "Ultimate FX" trading platform designed for retail and professional currency traders. AB Watley has spent the last few months developing a strategic partnership with FX Solutions LLC of Saddle River, New Jersey. AB Watley in partnership with FX Solutions will offer one of the most powerful global Forex trading platforms available. The platform will feature a proprietary price feed, advanced hedging functionality, FLEXI Leverage, FLEXI Contracts, multiple stops and limits, Market News International, multiple charting solutions and sophisticated risk management capability. The "Ultimate FX" trading platform gives foreign exchange traders critically important advantages including One-Click Trading, 10 trading screen layouts, a combined margin-pip-premium calculator, and an audible price alarm.
Foreign exchange trading is the simultaneous buying of one currency and selling of another. The foreign exchange market (Forex or FX) is the largest financial market in the world with a daily turnover of over $2.6 trillion. Examples of currency trading pairs are Euro/US Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency transactions involve the "Majors" - US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
Unlike most financial markets, the foreign exchange market has no physical location and no central exchange. The Forex market operates 24 hours a day through an electronic network of banks, corporations and individual traders. Forex trading begins every day in
“Our clients have been asking for access to the global currency markets,” explains CEO Rob Malin, “and we’re delivering with a world-class capability that will set the pace for online trading.” The foreign exchange markets operate 24/6 and offer traders and investors buying and selling opportunities in up, down and sideways markets. “We are excited with the new platform and ready to open up business for clients worldwide,” continues Malin. Any new account inquiries should contact customer service at 888-733-9000. Management feels confident that by adding a FOREX trading solution to their product offerings, it will result in an immediate positive impact on both their client base and earnings. For more information, visit http://www.abwatleyfx.com/.
Daniel Darst, executive director at FX Solutions, commented, "We’re delighted to welcome AB Watley on board. Their strong marketplace savvy combined with their deep experience in working with direct clients and self-directed traders should translate into a successful relationship and a great offering to the client."
About FX Solutions
FX Solutions, LLC was founded in 2001 by two foreign exchange veterans with over 50 years combined experience. The Company is a leading online foreign exchange (Forex) broker, operating as a market-maker to retail and institutional clients. With its focus on advanced trading technology solutions, the firm serves retail clients, white label partners, institutional trading partners, introducing brokers, fund managers and their clients. Leveraging its proprietary interbank market feed, a custom-built Global Trading System.
LINKTONE LIMITED (NASD: LTON)
"Up 34.21% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes
Linktone Ltd. is one of the leading providers of wireless interactive entertainment services to consumers and advertising services to enterprises in
LTON News:
November 28 - Indonesian Based Integrated Media Company to Purchase Stake in Linktone
Linktone Ltd. (NASD: LTON), a leading provider of interactive media and entertainment products and services to consumers in China, announced that it has entered into a definitive agreement with PT Media Nusantara Citra ("MNC"), an Indonesia based, publicly-listed integrated media company, under which MNC will purchase not less than 51% of Linktone's outstanding shares using a combination of a tender offer for existing American Depository Shares ("ADSs") and subscription for newly issued ordinary shares. The price offered by MNC is US$0.38 per ordinary share (or US$3.80 per ADS), representing a 53.8% premium over Linktone's closing price of US$2.47 per ADS on November 27, 2007. MNC is the largest and only integrated media company in Indonesia with business operations in content production, content distribution worldwide, free-to-air television networks, 24-hour program TV channels, newspaper, tabloid, radio networks and online media.
The tender offer will be to purchase up to 6.0MM ADSs, representing 60.0MM ordinary shares, or approximately 25% of the total shares outstanding. MNC will subscribe for up to 252.0MM ordinary shares but not less than 180.0MM ordinary shares, representing not less than 51% of total shares outstanding at the close of the subscription and tender offer. Again, both the tender offer and subscription have the same price of US$0.38 per ordinary share (or US$3.80 per ADS).
MNC will finance the transaction using cash reserves. The transaction, including the launching of a tender offer, is subject to approval by Linktone shareholders, and is subject to other customary closing conditions including approval by government and regulatory authorities. The transaction is expected to close in the first quarter of 2008.
Mr. Michael Li, Chief Executive Officer, commented, "This strategic transaction represents a milestone in our Company's development. The increases to our cash balances will enable aggressive execution and implementation of our cross media strategy. Together, our companies will have a major opportunity to pursue advertising and WVAS cross-selling initiatives both in
Mr. Hary Tanoesoedibjo, Group CEO of MNC, said, "Linktone, as a strategic partner, represents a highly attractive value proposition for MNC, and MNC is committed to transforming Linktone into a leading, diversified regional media player for three key reasons. Firstly, we believe the Chinese media market has many similarities to emerging markets, such as
ABOUT MEDIA NUSANTARA CITRA TBK
With operations encompassing from content production, content distribution, nationwide television networks, television program channels, newspaper, tabloid, and radio networks, MNC is the largest and only integrated media company in Indonesia. Future development will include acquisition and consolidation of Pay TV business to complement our content distribution activities. Our content library is the largest in
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