Our Stocks to Watch today include QuoteMedia, Inc. (OTCBB: QMCI), SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), Expert Group, Inc. (OTC: EXPT), Magellan Energy Ltd. (OTC: MGLG), Skins Inc. (OTCBB: SKNN), China Holdings, Inc. (OTCBB: CHHL)
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QUOTEMEDIA INC. (OTCBB: QMCI)
Detailed Quote: http://www.otcpicks.com/quotes/QMCI.php
Company Profile: http://www.otcpicks.com/quotemedia/quotemedia.htm
QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, please visit: www.quotemedia.com.
QMCI News:
December 5 - QuoteMedia Brings Respected Market Data Industry Veteran Onboard; Opens NYC Office
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data, corporate research information and financial applications, announced today the appointment of Mr. George Katsch as Corporate Sales Director, to lead the company’s new office in New York City.
Mr. Katsch brings more than 15 years of experience in selling and supporting financial information and technology solutions to the Brokerage, Financial Service, Media Publishing and Investor Relations industries. Most recently, Mr. Katsch served as Vice President of Sales for FinancialContent, Inc., where he was responsible for business development and sales for the entire North American market. Mr. Katsch has also held key management positions with Standard and Poor’s and Interactive Data Corporation (Comstock), where he managed senior account representatives and support staff. He was principally responsible for maintaining over $50 million in revenues and generating new sales.
“George is very well-known as a successful, skilled professional in our industry, and we’re excited that he is joining the QuoteMedia sales team, heading up our New York office,” said Dave Shworan, CEO of QuoteMedia Ltd. “He brings a wealth of experience to our company, and skill sets that make him an immediately great fit with QuoteMedia, as we continue our explosive growth.”
“From within the industry, I’ve watched QuoteMedia’s remarkable growth over the past few years. I have been very impressed with QuoteMedia’s emergence as a major player in the financial data industry, and the potential for further growth is extraordinary,” said Mr. Katsch. “QuoteMedia is definitely going places, and I’m excited to be a part of it.”
SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
Detailed Quote: http://www.otcpicks.com/quotes/SPNG.php
Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
SPNG News:
December 4 - SpongeTech® Delivery Systems, Inc. Announces that it Received Final Approval by U.S. Trademark office that SpongeTech® has now been Registered by USPTO Office in Washington, DC, for its Brand Name and the Trade-Mark of its' Logo SpongeTech®
SpongeTech® Delivery Systems, Inc. (OTCBB: SPNG) announced that it has received final registration for the name and the trade-mark for its logo. Registration #: 3306073. The SpongeTech® name is now ready to be branded to every household. If not by its unique, environmentally friendly car care system, then by the underlying cleaning and bath products we will be supplying to you in the future with this new age delivery system.
CFO Steven Moskowitz commented, "This is the first step of the company's branding plan by getting the USPTO registration of our trademark and logo. We can now start using our branded name to bring consumer awareness and trust in our products and what we do as a company. The registration for the European Union has been filed and the Asian market is pending. Worldwide exposure to our brand logo and product are one of the long term goals that SpongeTech® has strived for and is succeeding. We feel that the investors and shareholders who are with SpongeTech® can feel confident that the first stepping stone of branding our corporate identity has been reached.
For more information please contact Investor Relations at 1-877- SPONGE T for Bill Young or visit the company website at www.spongetech.com.
EXPERT GROUP (OTC: EXPT)
"Up 30.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EXPT.php
Expert Group, Inc. is a diversified financial services company, which markets a variety of financial products and services through Expert Financing, Expert Group Title Services, and Expert Credit Fix. The company is currently looking for acquisitions in the financial sector and plans a roll-up of profitable companies in the Banking, Brokering, Title Services and Insurances. Expert is licensed by the department of Financial Regulations and a member of FAMB and, since inception, Expert has originated over $50 million in origination. We offer stock option plans to our loan officers, Brokers, Title agents, and processors.
EXPT News:
December 5 - Expert Group, Inc. Receives Speculative Buy With a Target Price of $0.35 by Beacon Equity Research
Expert Group, Inc. (OTC: EXPT) announced that it has received a speculative buy recommendation by Beacon Equity Research.
Mr. Victor Sula, Senior Analyst, has also initiated a short-term target price of $0.35.
Victor Sula, Ph.D. has held the position of Senior Analyst with several independent investment research firms since 2004. Prior to 2004, Mr. Sula held Senior Financial Consultant positions within the World Bank-sponsored Agency for Restructuring and Enterprise Assistance and TACIS-sponsored Center for Productivity and Competitiveness of Moldova, where he was involved in corporate reorganization and liquidation. He is also employed as Associate Professor at the Academy of Economic Studies of Moldova. Mr. Sula earned his Ph.D. degree in 2001 and bachelor's degree in Finance in 1997 from the Academy of Economic Studies of Moldova. Mr. Sula is currently a level III candidate in the CFA program.
What is a Speculative Buy?
While our valuation model and analysis suggest the stock should outperform the benchmark index on a risk-adjusted basis in the future, there is too much uncertainty regarding the assumptions we make in our analysis. This rating suggests the stock has the potential for significant gains in the future, but may have considerable financial risks in the immediate term.
Visit www.beaconequityresearch.com/report/EXPT.pdf to read the Research Report.
MAGELLAN ENERGY NEW (OTC: MGLG)
"Up 75.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MGLG.php
Magellan Energy is a publicly traded independent oil and gas company. The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations.
MGLG News:
December 5 - Magellan Energy Announces Update on the Thomas L. Davidson Well #1
Magellan Energy Ltd. (OTC: MGLG), an independent oil and gas company, announced that its management team were on site in Morgan County, Tennessee along with the operators of Ky-Tenn Oil Inc. to oversee the acid treatment project for the Thomas L. Davidson Well #1.
Magellan Energy has been working with Ky-Tenn officials to re-work the Thomas L. Davidson Well #1 located in Morgan County, Tennessee. The treatment scheduled for November 26, 2007 continued on time and with success. The goal for this project was to frac this well with a combination of acid and water to increase productivity. The well was treated with 2000 GL of hydrochloric acid (15%) and 500GL of water. The well reacted very well to the treatment and reached a pressure of 250(lbs). Once all the fluids were introduced the well was closed off. On November 27, 2007 Ky-Tenn Oil Inc re-opened the well which still maintained a pressure 0f 160 (Lbs) and swabbed the well for half the day. The oil presence was extremely strong, so that it was placed immediately back onto the pump. The size of the well compressor/motor is small but the well continued to produce 5 BOPD until it ran out of gas without pumping off. The results will not be finalized until the well stabilizes and maintains a steady flow.
Magellan Energy's President, Mr. Akrivos, said, "We are very pleased with the initial results of the test and that the well did not pump off during the first day of production. Ky-Tenn Oil Inc. will be adding a larger motor to the well to maintain a steady flow throughout the day without disruption to production thus enabling us to get a steady barrel count. We have to understand that this well was treated in the past and although we did not get the pressure of 1500 lbs, we anticipated the well still reacted very nicely to this treatment and has come back with an increased production rate. Until the well stabilizes and we upgrade the motor we will be unable to give continuous, accurate barrel count. This success is the first stage of many for Magellan and its shareholders. We will continue to focus on our quest to place Magellan on top as a reputable, revenue producing company in the oil and gas industry with proven results for shareholders."
SKINS INCORPORATED (OTCBB: SKNN)
"Up 22.86% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SKNN.php
Skins, Inc., a development stage footwear company, engages in the design, manufacture, and marketing of men's and women's footwear. It is developing a footwear product, including two-part footwear structure consisting of an outer collapsible "Skin" and an inner orthopedic support section called the "Bone." The company was founded in 2004 and is headquartered in New York, New York.
SKNN News:
December 3 - Skins, Inc. Strikes Agreement with Atsco Footwear
On November 28, 2007, Skins Inc. (OTCBB: SKNN) (the "Company") executed a Buying Agency and Sourcing Agreement (the "Agreement") with Atsco Footwear, LLC ("Atsco"). Pursuant to the Agreement, Atsco will serve as the Company's non-exclusive buying and sourcing agent and will be responsible for sourcing, commercialization and product line review. The Company will pay Atsco a commission of 7% of the $5 million and 5% for the amounts above the first $5 million at the FOB country of origin price for merchandise sourced by Atsco and shipped to the Company.
The Agreement has an initial term of one year, from November 15, 2007 through November 15, 2008, and each party has the option to extend the initial term of the Agreement for an additional year upon providing written notice to the other party no less than thirty days prior to the expiration of the initial term. Either party may terminate the Agreement at any time upon providing the other party with three months written notice.
Mark Itzkowitz, the President of Atsco, is also an advisory member of the Board of Directors of the Company.
CHINA HOLDINGS, INC. (OTCBB: CHHL)
"Up 11.11% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CHHL.php
China Holdings, Inc. is a development-stage company with the goal of becoming a diversified global assets holding company. The company and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy, resources, finance, real estate, utilities and pharmaceuticals. Its objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China, or/and worldwide, or/and which derive a significant part of their revenue from China, or/and worldwide. The Company has two controlled subsidiaries: (1) China Power, Inc., and (2) China Health Holdings, Inc. For the company's profile, visit www.chinaholding.net.
CHHL News:
December 5 - China Holdings, Inc. Consolidate Minerals Development Through Transaction Agreement to Acquire 100% of Tong Ren Kai Yu Minerals with 3 Minerals Properties & 2 Mining Licenses for Producing Rare Metals Like Vanadium (V2O5) and Molybdenum (Mo)
China Holdings, Inc. (OTCBB: CHHL), a global diversified assets holdings company, and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy, resources, finance, real estate, utilities and pharmaceuticals, announced that the Company has consolidated its minerals resources development through a successful ACQUISITION TRANSACTION AGREEMENT with Tong Ren Kai Yu Minerals Co. Ltd., TongRen BaHuangZhen NeShao Pb-Zn-P Minerals Plants and GuiZhou FuRuiDe Minerals Co. Ltd (together call "Tong Ren Kai Yu Minerals") with Exclusive First Refusal Rights (3 years) to acquire 100% of Tong Ren Kai Yu Minerals with three (3) mineral properties/mines and two (2) mining permits for producing rare metals Vanadium (V2O5), Molybdenum (Mo), Uranium (U) in Gui Zhou Province, the People's Republic of China and three (3) exploration licenses. All the mining permits and exploration licenses are approved by the Provincial Land & Resource Minister of the People's Republic of China.
The preliminary mining engineering reports estimate that the Vanadium (V2O5), Molybdenum (Mo), Uranium (U) reserves contained in the three mineral properties/mines covered by the three mining exploration licenses and two mining permits are worth up to RMB65 billion (approximately US$8.67 billion)at current prices. China Holdings plans to conduct more detailed mining feasibilities study in the near future for the pending results of minerals reserves and intends to explore acquiring additional mining permits and exploration licenses in a larger area. Tong Ren Kai Yu Minerals confirm that there are no debt, no liabilities. The Company has agreed to pay RMB300 million (approximately US$40 million) for the 100% of Tong Ren Kai Yu Minerals with three mineral properties/mines and two mining permits for producing rare metals (Vanadium (V2O5), Molybdenum (Mo), Uranium (U), etc.) and with three exploration licenses The RMB300 million payments to Tong Ren Kai Yu Minerals /Shareholders is scheduled for: 1). RMB200 million in common shares of China Holdings, Inc. (NASD OTCBB: CHHL) of which RMB50 million (approximately US$6.67 million) will be valued at US$0.05 per share, and RMB150 million (approximately US$20 million) at the average closing price for the common shares of China Holdings, Inc. (NASD OTCBB: CHHL): 5 days before the closing & 5 days after the closing day; 2). The balance of RMB100 million (approximately US$13.33 million) will be paid in cash at the closing. The Company is establishing its minerals subsidiaries. And the transaction will be completed through the Company's subsidiary in China and/or Off-Shore upon full satisfaction of due diligence and mining feasibilities studies as well as government regulatory approval.
Vanadium is used in metal alloys with iron to produce high strength steel, which have a wide range of uses including structural applications such reinforcing bars in building and construction, gas and oil pipelines, tool steel, the manufacture of axles and crankshafts for the automobile industry, and jet engines for the aircraft industry. Non-steel uses include welding, and alloys used in nuclear engineering and superconductors. Vanadium chemicals and catalysts are used in the manufacture of sulphuric acid, and desulphurisation of sour gas and oil. Vanadium is sold in a number of forms; either as vanadium pentoxide (V2O5), or less commonly as vanadium trioxide (V2O3), or as an alloy of iron and vanadium commonly as FeV80 (80% contained vanadium) or FeV50. V2O5 is typically quoted in USD per pound, whilst FeV is quoted in USD per kilogram. Mine production accounts for only approximately 20% of annual World production of vanadium, the majority of World production (80%) is a by-product from reprocessing of steel slags, oil refining, and the uranium enrichment industry. Vanadium prices have fluctuated over the last decade with sharp price rises and declines during short time periods. Prices have ranged from US$1.30 per lb V2O5 to more than US$20 per lb. The average prices have been in the range US$3 -- $4 per lb.
China Holdings plans to establish/invest a mining plant to produce Vanadium at approximately volume 1000 -- 5000 Ton/year after the transaction completion to expand and consolidate its minerals & metals operations in the near future. Currently, Tong Ren Kai Yu Minerals has the development rights for a Vanadium Production Plant's approved by the Provincial Land & Resource Minister of the People's Republic of China.
The Enhanced Development through the Company's strategic acquisitions of 100% "Tong Ren Kai Yu Minerals" to consolidate the Vanadium (V2O5), Molybdenum (Mo), Uranium (U) 's mines, and exploration grounds in the mines area is as the Chinese government encouraging the consolidation within a mining district of small mining operations and companies into larger, well-organized operations in order to improve safety and environmental practices and for better use of resources.
The Company is aiming to establish, expand, and diversify in the mining resource industry in China, and/or worldwide, in its rare metals resource and properties with mining licenses in production base in its own right, and through strong joint venture partners in the People's Republic of China. The Company is establishing high-margin rare metals (Vanadium (V2O5), Molybdenum (Mo), Uranium (U)) production, increasing mineral resource inventory and mining life aiming at exploration, production and the development of multi- commodity project pipe lines. Furthermore, the Company's mining projects and prospects will be based on rigorous economic evaluation, be subsequently advanced, and joint-ventured.
The Company's objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China, or/and worldwide, or/and which derive a significant part of their revenue from China, or/and worldwide.
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