Our Stocks to Watch tomorrow include Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO), Lantis Laser Inc. (OTC: LLSR), Franklin Credit Management Corporation (NASD: FCMC), BioForce Nanosciences Holdings Inc. (OTCBB: BFNH), International Building Technologies Group, Inc. (OTCBB: INBG) and MM2 Group, Inc. (OTCBB: MMGP).
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CARGO CONNECTION LOGISTICS HOLDINGS (OTCBB: CRGO)
"Up 21.43% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes
The Company, through its subsidiaries Cargo Connection Logistics Corp. and Cargo Connection Logistics International, Inc., is a leader in world trade logistics. The Company headquarters is in Inwood, NY, and it also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA.; and San Jose, CA. Headquartered adjacent to JFK International Airport, the Company is a transportation logistics provider for shipments imported into and exported out of the United States, with service areas throughout the United States and North America. The Company currently provides a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. It also operates a bonded General Order warehouse in New York and Container Freight Station operations, which are specifically designed to handle internationally arriving freight for major retail suppliers through its facilities in Florida, Georgia, Illinois, New York and Ohio. Cargo Connection Logistics' website is http://www.cargocon.com/.
CRGO News:
November 30 - Cargo Connection Logistics Holding, Inc. Enters Into $3 Million Factoring Agreement With Wells Fargo Business Credit
Company Provides Loan to Fleet Global Services and Resolves Dispute With Miami Landlord
Cargo Connection Logistics Holding, Inc. (OTCBB: CRGO) (Berlin: CD6.BE) (Frankfurt: CD6.F) (Frankfurt: 217026.F) announced several developments that it expects should have a positive impact on the Company.
The Company has entered into an account transfer agreement with WelIs Fargo Business Credit ("WFBC") pursuant to which WFBC will serve as a factor to the Company's subsidiary, Cargo Connection Logistics Corp. ("Cargo Connection") by purchasing up to $3 million of Cargo Connection's accounts receivable. Cargo Connection also entered into a buyout agreement with WFBC and its previous factor, Accord Financial, Inc., pursuant to which WFBC succeeded to Accord Financials' security interest.
"We expect that this new factoring agreement, which increases our factoring capacity, will save the Company a significant amount of money and provide a bigger base for customer expansion," said Scott Goodman, CFO & COO of Cargo Connection Logistics Holding, Inc. "It is further evidence of our continuing efforts to create a more stable financial base to help achieve our short- and long-term goals."
The Company also said it has loaned Fleet Global Services, Inc. ("Fleet") $300,000 and has received from Fleet a one-year promissory note bearing an annual interest rate of 11 percent. The Company is continuing to work toward finalizing an acquisition of Fleet pursuant to a previously announced letter agreement (the "Letter Agreement"). According to the terms of the Letter Agreement, upon closing the Company would be required to pay $1 million in cash, issue 270 million shares of restricted common stock and issue additional shares valued at 10% of the EBITDA of the Company's new Fleet division for a two-year period. The Company expects that amount of the Note would be applied toward the cash portion of the purchase price.
The Company expects that Fleet, a non-asset based carrier company which it believes was considered to be the cornerstone of Fulmer Logistics' Carrier Division, of which Fleet was once a subsidiary, will add up to approximately $25 million or more in revenue to Cargo Connection. The Company expects that when the acquisition is completed, of which no assurance can be given, the combined business would have anticipated annual revenues in excess of $50 million in 2008. In addition, the Company expects synergies that will be accomplished through the addition of Fleet will favorably impact the Company's operating profitability.
Additionally, the Company said it has entered into an agreement resolving a dispute with the landlord of its Miami facility, AMB HTD Beacon Centre, LLC.
"We anticipate that each of these developments will have positive impact on the growth and development of the Company and further enhance shareholder value," said Goodman. "We're working very hard to secure additional financing and are hoping to close the Fleet acquisition as soon as practical."
LANTIS LASER (OTC: LLSR)
"Up 42.65% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes
Lantis was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity, and large market potential. The Company plans to launch the OCT Dental Imaging System(TM) in the third quarter of 2008 as its first product. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license agreements with Lawrence Livermore National Laboratory and LightLab Imaging. OCT was invented in the early 1990s at the Massachusetts Institute of Technology and is currently being commercialized by Carl Zeiss Meditec, Inc. in ophthalmology and by LightLab Imaging for cardiovascular imaging. To find out more about Lantis Laser, visit its Web site at http://www.lantislaser.com/.
LLSR News:
November 29 - Lantis Laser Wins Coveted Popular Science Magazine Award
Company's Breakthrough Optical Coherence Tomography (OCT) Dental Imaging System(TM) Named in "Best of What's New" 2007
Lantis Laser Inc. (OTC: LLSR) (http://www.lantislaser.com/), a New Jersey-based company specializing in the commercialization of advanced dental technology, recently won a Popular Science Magazine 2007 Best of What's New award for its newly developed Optical Coherence Tomography (OCT) Dental Imaging System(TM). Lantis' proprietary OCT System is a diagnostic aid that provides real-time, high-resolution chairside imaging of dental tissue for the early detection of tooth decay and other oral diseases.
"For 20 years, Popular Science's Best of What's New awards have honored the innovations that make a positive impact on life today and change our views of the future," says Mark Jannot, Editor-in-Chief of Popular Science. "PopSci's editors evaluate thousands of products each year to develop this thoughtful list; there's no higher accolade Popular Science can give."
Lantis Laser's OCT Dental Imaging System(TM), which is scheduled to launch in August 2008, was a winner in the Personal Health Category because it provides up to 10 times the resolution of a standard x-ray, which enables much earlier detection of tooth decay than is currently possible. Importantly, unlike x-rays, which emit harmful radiation, the OCT Dental Imaging System(TM) utilizes an innovative, safe, non-invasive light that is passed over the tooth surface using a small, pen-like handheld scanner to capture images of the teeth. It can be used safely on children (and pregnant women), enabling the dentist to diagnose and implement a program to safeguard the oral health of mother and child alike.
"We're very pleased and honored to be recognized by the editors of Popular Science Magazine," said Lantis President & CEO Stan Baron. "Up to this point, the support and interest among dental professionals and the dental trade media have been extremely positive. However, Popular Science Magazine's Best of What's New award validates on a larger scale how the capture of reflected light can immediately and accurately reveal on a chairside monitor the earliest stages of cavities, gum disease, and microstructural deficiencies. Lantis Laser's OCT Dental Imaging System(TM) will give the dental profession a significant upgrade in chairside dental imaging as it meets important diagnostic needs and helps the dentist provide a much safer and superior level of care than what is now available."
About Best of What's New
Each year, the editors of Popular Science review thousands of products in search of the top 100 tech innovations of the year; breakthrough products and technologies that represent a significant leap in their categories. The winners -- the Best of What's New -- are awarded inclusion in the much-anticipated December issue of Popular Science, the most widely read issue of the year since the debut of Best of What's New in 1987. Best of What's New awards are presented to 100 new products and technologies in 10 categories: Automotive, Aviation & Space, Computing, Engineering, Gadgets, Green Tech, Home Entertainment, Home Tech, Personal Health, and Recreation. Visit http://www.popsci.com/popsci
About Popular Science
Founded in 1872, Popular Science is the world's largest science and technology magazine, with a circulation of 1.3 million and 6.8 million monthly readers. Each month, Popular Science reports on the intersection of science and everyday life, with an eye toward what's new and why it matters. Popular Science is published by Bonnier Active Media, a subsidiary of Bonnier Corporation.
FRANKLIN CREDIT MANAGEMENT (NASD: FCMC)
"Up 40.79% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes
Franklin Credit Management Corporation operates as a specialty consumer finance company in the United States. It engages in the acquisition, servicing, and resolution of performing, reperforming, and nonperforming residential mortgage loans and real estate assets; and the origination of subprime mortgage loans, both for its portfolio and for sale into the secondary market. The company specializes in acquiring and originating loans secured by one-to-four family residential real estate. It purchases these loans from various financial institutions, including mortgage banks, commercial banks and thrifts, traditional financial institutions, and other specialty finance companies. The company was founded in 1989 and is headquartered in New York, New York.
FCMC News:
November 29 - Franklin Credit Management Receives Delinquency Notice From Nasdaq
Franklin Credit Management Corporation (NASD: FCMC) reported that the Company received a letter from Nasdaq on November 20, 2007, indicating that as a result of the Company's failure to timely file its Form 10-Q for the third quarter of 2007 with the Securities and Exchange Commission ("SEC"), the Company was not in compliance with the Nasdaq requirements for continued listing set forth in Nasdaq Marketplace Rule 4310(c)(14). This rule requires the Company to make all filings timely with the SEC, as required by the Securities Exchange Act of 1934, as amended.
The Company will request a hearing in accordance with the Marketplace Rule 4800 Series, which hearing request will stay the delisting of the Company's securities pending a decision by a Nasdaq Listing Qualifications Panel. The Company currently anticipates that it will file its Form 10-Q for the third quarter of 2007 prior to December 31, 2007.
BIOFORCE NANOSCIENCE (OTCBB: BFNH)
"Up 26.67% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes
BioForce Nanosciences Holdings, Inc., through its subsidiary, BioForce Nanosciences, Inc., engages in the development of technology for the ultramicro and nanoscale placement, and surface patterning of active biomolecules and other materials. The company's products include Nano eNabler System, a molecular printer that prints proteins and other biological and non-biological materials into silicon chips and other surfaces. Its Nano eNabler System is used in the production of ultraminiaturized biological sensors, biomedical tests, and other ultraminiaturized devices. It also develops consumable printing and surface patterning tools to support the Nano eNabler system, which include surface patterning tools and silicon chips. In addition, the company markets a line of accessories for atomic force microscopes (AFMs) and scanning probe microscopes (SPMs), which include specialized probes and TipCleaner UV/ozone device used for decontaminating AFM probes and other materials. It also develops ViriChip platform, an ultramicroscale biosensor platform for the detection and identification of microbial pathogens and viruses. The company's products are used in various applications, including biosensors for the placement of biomaterials on sensor platforms, biomarker screening, ultramicro and nanoscale device construction, deposition and manipulation of DNA molecules, and sample preparation for AFM. The company was founded in 1994 and is based in Ames, Iowa.
BFNH News:
November 28 - BioForce Nanosciences Announces Sale of Nano eNabler System to Georgia Institute of Technology
BioForce Nanosciences Holdings Inc. (OTCBB: BFNH) announced the sale of a Nano eNabler(tm) molecular printing system to the Georgia Institute of Technology.
The Nano eNabler system is a platform for merging biology with nanotechnology. Researchers use this system for constructing ultraminiaturized biosensors and molecular diagnostic tests to create smaller and more effective diagnostic tests, as well as improved therapeutics. Additionally, areas such as cancer cell biology, stem cell biology and tissue engineering benefit from the Nano eNabler's ability to create ultraminiaturized living test environments for research at the single-cell level.
BioForce's President and COO, Kerry Frey, said, ``The sale to Georgia Tech resulted from our market-seeding Pilot Placement Program, which was initiated in 2006. Under this program, we identified 20 prestigious biomedical and life sciences research institutions and allowed researchers at those sites to have access to this new technology for a defined period of time. Our goal was to conclude this test period with a sale. Georgia Tech is an example of a placement site that recognized the value of the Nano eNabler in their research and purchased it to continue their cutting-edge research. The placement program has created significant awareness within the biomedical and life sciences research communities of the Nano eNabler's capabilities, leading to conversion to sale for placement sites, as well as sales to new Nano eNabler sites.''
Describing the research at Georgia Tech, Dr. Curtis Mosher, BioForce's vice president of R&D said, ``The Microelectronics Research Center on the Georgia Tech campus is a prime example of a core facility seeking to provide its users access to the latest technology. Pilot program users of the facility have employed the Nano eNabler system for placing polymers on diagnostic sensors in highly precise patterns. Sensors like this can lead to a new generation of diagnostic and sensing devices for environmental monitoring, remote chemical analysis and personalized medicine. It's exciting to see advances like this being made possible by our technology.''
BioForce's Nano eNabler(tm) system Product Manager, Michael Lynch, added, ``We have a comprehensive customer care program that is a critical component of our customer enabling product and service offering. This client-focused approach has resulted in a group of enthusiastic Nano eNabler(tm) system users who are helping us rapidly expand awareness of the system's capabilities in the academic and industrial research communities.''
INTERNATIONAL BUILDINGS TECHNOLOGIES GROUP (OTCBB: INBG)
"Up 33.33% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes
International Building Technologies Group, Inc. engages in the manufacture and sale of building panels used in construction worldwide. It also provides site planning, architectural and engineering services, contractor services, materials, equipment, training, and supervision. The company is based in Alameda, California.
INBG News:
November 29 - International Building Technologies Group, Inc. Announces 3rd Quarter Financials and $350,000 Reduction in Expenses
International Building Technologies Group, Inc. (OTCBB: INBG) announced that the Company has filed its 3rd quarter financials for 2007.
In the 10QSB for the nine months ended September 30, 2007, the expense labeled "due to the change in fair value of Derivative Liability" was removed from the financials due to the adoption of FAS 150. This accounting change resulted in the removal of approximately $351,817 of expenses that was reflected in the second quarter financials ended June 30, 2007. These expenses were related to new debts the company acquired during the year. We believe that the treatment under FAS 150, among the diversity in accounting treatments that exist, is more appropriate and more accurately reflects the Company's position.
The Company also provided the following updates: IBT Management visited Suijiang, China in November 2007 to meet with Chinese government officials on the planned factory for the production of IBT building panel. A primary purpose of the visit was to negotiate a land deal in Suijiang, China for the factory so that production can begin as soon as possible. IBT signed a Memorandum with Suijiang County Government to build a factory in this area which would supply building materials for the construction of a new town for 50,000 residents of Suijiang. IBT will be to exclusively supply panels to the project which is expected to take five years to complete. Many residents in the Suijiang area are being displaced by the flooding created by the construction of the Xiangjiabar Hydroelectric Power Station, the fourth largest hydroelectric dam in the world.
The Rose Best residential complex project in Suining, Sichuan Province of China has neared completion on the foundations of the 50,000 square meter residential complex. IBT acquired a 51% stake in the Rose Best Project on July 8, 2007. Once the foundation is complete, the project is expected to bring revenue to the company as early as the 1st quarter of 2008. For further information on the Rose-Best Project, please visit http://www.suiningyinfa-ce.com/ at Rose Best Project II.
MM2 GROUP, INC (OTCBB: MMGP)
"Up 31.88% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes
MM2 Group, Inc., through its subsidiary, Genotec Nutritionals, Inc., engages in the formulation, marketing, and distribution of nutritional supplements and vitamins in the United States. It sells various products, including fish oil, grape powder, resveratrol, lutein, and psyllium powder, as well as various custom formulations, such as formulations for diet, cardiac support, eye support, immunity support, and aging support. The company also sells custom formulations for pet care, including a shedding formula, a coat formula, dog and cat joint formulas, and pet multi-vitamins for dogs and cats. MM2 Group is based in Livingston, New Jersey.
MMGP News:
November 30 - MM2 Group Closes $1.1 Million Sale
MM2 Group, Inc. (OTCBB: MMGP) announced that its wholly-owned subsidiary, Genotec Nutritionals, Inc., a New York based nutraceutical company which generates its sales from the distribution of its branded products and through custom formulations for several large strategic partners, has closed on a very large order for high potency odorless fish oil softgels.
The transaction is valued at over $1,100,000, which is to be delivered over the next 7 months.
Fish oil is known for being rich in unsaturated fatty acids and provides essential Omega-3 fatty acids (EPA and DHA). Fish oil may help reduce or inhibit risk factors involved in cardiovascular disease, cognitive decline, macular degeneration, as well as inflammatory and immune disorders. Omega-3 fatty acids also help prevent menopausal symptoms, promotes better circulation and neural development, and lowers cholesterol and triglycerides.
Mark Meller, CEO of MM2 Group, stated, "Genotec is committed to providing cutting edge products to the market in a timely fashion. This order is among the largest in the Company's history, and rapidly accelerates our growth plan. We have successfully positioned Genotec to grow into a very large company in the near future."
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