Dallas, TX 12/11/2007 8:06:19 AM
News / Finance

OTCPicks.com Stocks to Watch for Tuesday, December 11th LLEG, HTRE, GLBM, ATNO, DTMG, NNRI

Our Stocks to Watch tomorrow include Laidlaw Energy Group, Inc. (OTC: LLEG), H3 Enterprises, Inc. (OTC: HTRE),Global Marine Ltd. (OTC: GLBM), Atlantis Technology Group (OTCBB: ATNO), Datameg Corp (OTCBB: DTMG), NNRF, Inc. (OTC: NNRI)

 

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LAIDLAW ENERGY GROUP (OTC: LLEG)

"Up 69.23% on Monday"

 

Detailed Quote: http://www.otcpicks.com/quotes/LLEG.php

 

Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through the development of new facilities and acquisition of existing facilities. LLEG is headquartered in New York, New York. For more information on LLEG, visit the company's Web site at www.NYENRG.com.

 

LLEG News:

 

December 10 - Laidlaw Energy Group, Inc. Issues Shareholder Update

 

Laidlaw Energy Group, Inc. (OTC: LLEG) recently provided shareholders with an update on its recent progress:

 

Dear Laidlaw Energy Shareholders and Friends:

 

As we approach the end of the year, I thought this would be a good opportunity to provide an update on the progress of our company.

 

We are finalizing the transaction to acquire the assets in Berlin, NH and I believe we are on track for a closing around the end of the year.

 

We have received an offer of financing from a major Wall Street investment bank that, coupled with our equity capital and that of our partners, will provide the necessary funding to complete the development of the project. We hope to provide further updates on our progress toward the financial closing of this transaction in the coming weeks.

 

With respect to our Ellicottville, New York biomass-energy project, the permitting of the project is now out of the hands of the town planning board which has caused us so much unnecessary delay and now in the hands of the New York State Supreme Court, where we feel confident we will obtain a just resolution to this matter. We expect the Court will render a decision approximately 30 to 60 days after the upcoming January 8th hearing.

 

Separately, we have recently given our attorneys authorization to commence a civil law suit in Federal Court seeking substantial monetary damages against the town of Ellicottville and those involved in wrongly impairing our property and civil rights. Our attorneys feel we have a very strong case and we look forward to our day in court.

 

In addition to the Berlin and New York projects, we have a number of other projects in the pipeline that we feel offer great promise. The two projects that are the furthest along are both in the New England region and adhere to our business model of converting unutilized power assets to low emission, advanced biomass-energy plants. We are optimistic that we may be able to announce a deal on at least one if not both of these projects in the coming quarter.

 

Our goal is to add at least two more projects to our portfolio by the end of 2008, as Berlin and New York move forward to commercial operations.

 

I believe that we have made great progress this year. Our development of the Berlin project positions us at the forefront of the alternative energy industry, with one of the largest and most environmentally advanced biomass development projects in the US in our portfolio. We are confident that the success of this project, and the investment capital it will attract, will greatly raise the profile of our company and generate many more opportunities for us down the road.

 

I wish you all the best for a prosperous 2008.

 

Michael B. Bartoszek

President and Chief Executive Officer

 

H3 ENTERPRISES INCORPORATED (OTC: HTRE)

"Up 52.94% on Monday"

 

Detailed Quote: http://www.otcpicks.com/quotes/HTRE.php

 

H3Enterprises, Inc. owns, creates, licenses, and franchises HipHopSodaShops in the United States. The HipHopSodaShop is a Hip Hop themed fast food franchise that offers a line of H3WhiteTea sodas, lemonades, and energy drinks, and various other food; Hip Hop music; merchandise and media; live HD sportscasts; CyberSports arena featuring professional sports played on PlayStation and Xbox; and H3Raps, which are a selection of Biggie and Smallie wraps. It also operates Hip Hop Heaven, a restaurant that serves meats, seafood, salads, and beverages; H3Players.com, a CyberSports league featuring sports games that offer customers the opportunity to play for cash, prizes, and bragging rights; and ChannelH3, which offers hi-definition signage, music videos, ads, and promos targeting the Hip Hop generation, and real time information on plasma and LCD displays placed throughout the restaurants. In addition, the company provides computer based high resolution LCD television displays under neTVizon name. H3Enterprises, Inc. is based in New York, New York.

 

HTRE News:

 

December 10 - CEO of H3 Enterprises Dr. Benjamin Chavis & Hip-Hop Mogul Russell Simmons Appear Live on the Neil Cavuto Show on FOX Business Network

 

H3 Enterprises, Inc. (OTC: HTRE), the world's first publicly traded Hip-Hop company and parent company of the HipHopSodaShop, announced that its CEO and President, Dr. Benjamin Chavis, and Hip-Hop mogul Russell Simmons will be appearing live on the Neil Cavuto Show tonight Monday, December 10, 2007 at 6 p.m. to discuss the impact of Hip-Hop on business and on Presidential politics.

 

Dr. Chavis is the CEO and President of the first publicly traded Hip-Hop company, H3 Enterprises (www.h3inc.com). H3 is launching its HipHopSodaShop, the first of many nationwide franchises, in Tampa, Florida on December 18, 2007. Dr. Chavis recently played a key role in the Iowa Brown and Black Presidential Forum a week ago. This was the first time during the entire 2008 US Presidential race that major candidates for President were asked questions from a Hip-Hop perspective.

 

Russell Simmons, the President of Rush Communications, is often referred to as the Godfather of Hip-Hop. He is an entrepreneur who has built such successful multi million dollar brands as Def Jam Records, Phat Farm, Baby Phat, Simmons Jewelry Company, and Russell Simmons Presents Def Poetry and Def Comedy on HBO. He is an activist and philanthropist.

 

Both Mr. Simmons and Dr. Chavis are the founders of the Hip-Hop Summit Action Network, an organization dedicated to harnessing the cultural relevance of Hip-Hop music to serve as a catalyst for education advocacy and other societal concerns fundamental to the empowerment of youth.

 

GLOBAL MARINE LTD (OTC: GLBM)

"Up 36.36% on Monday"

 

Detailed Quote: http://www.otcpicks.com/quotes/GLBM.php

 

Global Marine Ltd is recognized for providing new innovations in the oceanographic & maritime arena through the development of new technologies in energy systems which offer significant environmental benefits. Leading-edge technology and projects are selected that offer the Company and its shareholders exceptional growth opportunities. Global Marine Ltd. is currently focusing on the American, Latin and South American marketplaces, where the company has developed long-term relationships and a substantial client base through vertical growth integration and recognized growth opportunities.

 

GLBM News:

 

December 7 - Global Marine Ltd. To Become Solaris Energy Corporation

 

Global Marine Ltd. (OTC: GLBM) President Douglas Beatty is pleased to announce that the Corporation is in the process of negotiating exciting solar energy agreements in Guayaquil, Ecuador.

 

"We are very pleased with the excellent solar energy opportunities that are available now to our company in South America, especially in Ecuador. Ecuador has the most direct solar energy available, due to its proximity along the equator and, through private placements and joint-ventures, we anticipate developing a mutually-beneficial business in that country, offering innovative alternative-energy solutions. We have had substantive discussions with Ecuadorian interests on a number of promising projects and we are hopeful of a speedy and successful outcome to our proposals", said Mr. Beatty. "Our Corporation is focused on the marketing and implementation of solar energy technologies and cleantech energy solutions and in transforming ourselves into a global-reach, clean-technology corporation", he added. "The estimated global clean energy market will grow from EUR 31bn currently to EUR 130 billion by 2015, and we aim to be a major participant through our initial ventures in South and Central America", continued Mr. Beatty.

 

To better reflect the evolution of its corporate focus to concentrate on solar and wind-generated, and renewable energy projects, Global Marine Ltd. also announces today that its Board of Directors has unanimously decided to change the Company name to Solaris Energy Corporation (Solaris). Subject to the appropriate regulatory approvals from its state of incorporation in Nevada, the name change will be effective upon receipt of all necessary regulatory approvals, and receipt of a new trading symbol from the NASD.

 

"The name Solaris Energy Corporation better reflects our business objectives of branded growth, in our key market segments, using new "clean age" technologies for solar and wind power generation", stated Mr. Beatty. "On an ongoing basis, we are presented with many exciting business opportunities in both North & South America, all of which hinge upon the development of new, cost-effective technologies for use in energy systems which offer significant environmental benefits. These systems will definitely play an increasingly important role in expansion of the world's solar and wind energy product pool", he added.

 

ATLANTIS TECHNOLOGY GROUP (OTCBB: ATNO)

"Up 35.42% on Monday"

 

Detailed Quote: http://www.otcpicks.com/quotes/ATNO.php

 

Atlantis Technology Group was formed to develop privately held and publicly traded technology companies that focus on high-growth investments at the leading edge of business and technological innovation. Atlantis Technology Group is engaged in providing debt and equity financing to public and private companies, as well as private equity funds, for working capital, acquisitions, management buyouts, projects and special situations within the newly announced target area. The Company's management intends to aggressively pursue new acquisitions that would enhance the existing portfolio of investments and that would be expected to enhance shareholder value through capital appreciation and dividend payments to the Company. Atlantis Technology Group intends to offer its clients a "one stop shop" of equity and senior, subordinated, structured and mezzanine debt to realize their business development objectives.

 

ATNO News:

 

December 10 - Atlantis Technology Group Subsidiary Global Online Television Corporation (GO TV) Unveils Short-Term Business Strategy

 

Global Online Television Corporation ("GO TV"), subsidiary of technology company Atlantis Technology Group (OTCBB: ATNO), outlined a short-term business plan to secure human capital and distribution exclusivity on several components that will further the company's long-term goals of development and distribution of cutting-edge media technology combining high-definition television and streaming Internet sources.

 

"We are actively in the process of filling Board vacancies and adding several technical consultants that will aid us in keeping our timeline that focuses on the second quarter of 2008 intact," said GO TV CEO Richard A. Luthmann. "All of this is happening while we are in protracted negotiations with several parties for exclusive development and distribution rights for what GO TV have identified as target components above and beyond our existing portfolio of proprietary technology."

 

Mr. Luthmann further commented that some "significant organizational events" are expected to occur over the next few days, and that important news will be forthcoming. "We are in the process of filling our quiver with several arrows - in fact what can be termed as an entire arsenal of resources." The GO CEO made further assurances that an aggressive expansion and marketing plan for GO TV is in the works, alluding to the media outlet's awesome market potential.

 

DATAMEG CORPORATION (OTCBB: DTMG)

"Up 33.33% on Monday"

 

Detailed Quote: http://www.otcpicks.com/quotes/DTMG.php

 

Datameg Corporation, through its subsidiaries, provides service assurance systems products and services for the network operators in the telecommunications industry worldwide. The company designs, develops, and sells an active voice quality test system, capable of monitoring and providing analytical/statistical data that characterizes the connectivity and measurement of voice quality across communications networks. It also works on tools and techniques for network wide fault identification, isolation, and troubleshooting. The company's product primarily include the network assurance system, which ensures the integrity and functionality of communications networks and determines whether the networks are meeting the quality and service expectations of customers. It offers its products and services primarily to telecom operators and cable operators. The company is based in Salt Lake City, Utah.

 

DTMG News:

 

December 10 - Datameg Completes Acquisition of American Marketing & Sales Inc. D/B/A Innovative Designs

 

Datameg Corp (OTCBB: DTMG) announced it has completed the acquisition of American Marketing & Sales Inc. D/B/A Innovative Designs. Datameg announced in August that it had entered into an agreement to acquire the company for 15 million unregistered shares of Datameg common stock.

 

American Marketing & Sales, a $10 million company that markets finished food packaging products nationwide to major supermarkets and food retailers, will be operated as a wholly-owned subsidiary of Datameg. The company expects to close the previously-announced acquisition of Computer Ctr.com in January 2008.

 

Datameg also announced that it will report pro-forma fiscal year 2007 results that will include the addition of American Marketing and Sales financials.

 

Founded in 1999 in Leominster, Mass. by Leonard J. Tocci, American Marketing & Sales Inc. had 2006 revenues of just under $10 million and annual growth of 15 to 20 percent in the past three years. Mr. Tocci remains with Datameg as President of American Marketing and Sales and as a member of the senior management team of Datameg.

 

"When we report our numbers next year, we believe people will agree that we're a new Datameg" said Jim Murphy, Datameg CEO. "With this firm financial foundation, we expect to be able to report continued progress in our aim of creating a dynamic company."

 

In the company's 10QSB for the third quarter, Datameg's wholly-owned subsidiary Net Symphony discussed plans for delivery in December 2007 of a working prototype based on plans and engineering designs developed in the second and third quarters of 2007. That delivery appears to be on schedule.

 

NNRF, INCORPORATED (OTC: NNRI)

"Up 28.46% on Monday"

 

Detailed Quote: http://www.otcpicks.com/quotes/NNRI.php

 

NNRF is a U.S. corporation with executive and operations offices in Moscow Russia, Munich Germany and North America. NNRF through its Russian based partners offers design and manufacturing of specialized products for nuclear reactors, nuclear waste management; proprietary nuclear shielding, decommissioning and decontamination technologies; and engineering/design services for a range of environmental challenges. NNRF's management team has extensive industry and government service including significant in-house expertise in all aspects of radiological protection and radiological waste management.

 

NNRI News:

 

December 10 - NNRF, INC. Announces Update of Corporate Activities

 

NNRF, Inc. (OTC: NNRI) announced an update of corporate activities. In this press release we clarify previous statements of the Company, update interested parties on the Company's progress certain of its endeavors and discuss some of the new initiatives being undertaken. The company intends to provide further information prior to year end on these and other endeavors which the Company has developed in 2007. NNRF, Inc. is hereinafter sometimes referred to as the "Company."

 

ZAO Atoll

 

Atoll's third quarter results are currently being reviewed by 2K Audit and management of ZAO Atoll. The Company believes it will be in position to release these results by December 14 2007.

 

The year end audit of Atoll is scheduled to begin the week of January 20, 2008. As previously reported NNRF's US auditors intend to be in Moscow to supervise the Atoll year end audit.

 

Atoll completed its move from its original location in St. Petersburg during the third quarter of 2007. Atoll has divided its production processes between St. Petersburg and the region of Kirov. The St. Petersburg location will be responsible for highly technological manufacturing processes. The Kirov facility will be responsible for the manufacture of parts and components that are more labor intensive. The move to Kirov is part of the larger plan to put together manufacturing lines of all companies in which NNRF has investment and thereby gain a wide variety of operating efficiencies. Senior management, marketing and reporting departments of Atoll are now located in Moscow.

 

On December 3, 2007 Atoll appointed Mr. Todd Sinclair, NNRF's Chief Financial Officer, to the Board of Directors of Atoll . Mr. Sinclair will work closely with Atoll on ensuring that Atoll's accounting system meets US GAAP standards and that quarterly financial results will be released in accordance with SEC requirements. Atoll's Board of Directors has ratified full and transparent reporting in accordance with SEC regulations. As a result the Company will be able to include its share of Atoll's revenues in our accounts. Mr. Sinclair will join Mr. Peter Goerke, NNRF's Executive Vice-President, on Atoll's Board of Directors. Mr. Goerke works closely with Atoll operating management on administrative and operating issues and has been instrumental in identifying acquisition targets and negotiating and consummating transactions for the Company.

 

NNRF and Atoll management will be meeting in the last half of December to review the Atoll 2008 order book.

 

Velcont and JSC ElectroPrivod

 

During the third quarter the Company made its first investment of $475,000 in Velcont. This represents 4% of the issued and outstanding stock of Velcont. Under the terms of our Letter of Intent NNRF intends to own 24.5% of Velcont.

 

Velcont is a manufacturer of parts for the energy, automotive and aviation industries in Russia and its 450,000 square foot manufacturing plant gives it the capability to become a technological production center in Russia. Recent reports in Russia state that Russia's booming auto market is estimated to become Europe's largest car market by 2011. As a major producer in the automotive market, Velcont anticipates participating in this expanding market. Velcont is located in the Russian region of Kirov. There is a large supply of well educated and skilled workers living in the Kirov region.

 

Final terms and conditions of the JSC ElectroPrivod acquisition will be negotiated after NNRF acquires its initial 10% of Velcont. The Company is working closely with its investment bankers to secure the financing needed to meet these funding requirements.

 

RUAR

 

As part of NNRF's continuing due diligence, representatives of NNRF recently toured Russian manufacturing facilities operating in the welding and cutting industries. The potential RUAR investment plan includes funding the acquisition of certain welding and cutting related companies in Russia. Site visits by NNRF staff to these potential acquisitions will be part of NNRF's due diligence process. The closing of this acquisition must await conclusion of due diligence satisfactory to the Company.

 

FEECOM/BIECOM

 

The Company is currently negotiating the first installation of FEECOM/BIECOM in a German based medical facility which has medical operations including computer thermographs and radio pharmaceutical equipment. NNRF representatives have met with management of the medical facility. The Company has been asked to provide a turn key installation of the FEECOM/BIECOM shielding materials.

 

FEECOM/BIECOM is produced in Hanover Germany and production quality is controlled by the Fachhochschule Hanover, a technological university that has entered into a production agreement with NNRF.

 

The Company plans to purchase new equipment that will increase production levels and allow NNRF to make various molds of FEECOM/BIECOM bricks and other forms that will be used by customers.

 

During the month of December the Company expects to be informed by E.ON nuclear facility management of their selection of an initial nuclear power plant for the test installation of FEECOM/BIECOM. E.ON nuclear facility management will be meeting during December to select a German nuclear power plant for this test installation. E.ON is one of the largest generators and suppliers of energy in Europe and is also involved in Russian generating companies. NNRF expects that the installation of FEECOM/BIECOM at the selected site will begin in January 2008.

 

NNRF recently presented its encapsulation and shielding materials at the AtomEco 2007 exposition in Moscow. This exposition was hosted by the Russian Federal Agency of Nuclear Energy and brought together leading suppliers and users of various nuclear technologies in the field of nuclear waste management. NNRF was a co-sponsor of the event and Dr. Hans-J. Engelmann the company's Head of Shielding and Encapsulation gave a presentation of our shielding and encapsulation materials at the exposition.

 

The production and sale of FEECOM/BIECOM in the European Union represents a diversification of product lines of a product owned by the Company and sales outside Russia.

 

NuCap

 

During October and November the Company worked closely with Dow Corning staff in Germany to reproduce NuCap for coating applications that are representative of expected future requirements. This product has experienced delays in production and engineering due to issues related to the means, manner and necessary formulation to apply the substance in the field. As a result of these meetings, Dow Corning and NNRF scientists have further developed NuCap into a product that can be applied to radiation contaminated surfaces such as walls, floors and other contaminated areas. The Company is now working with Dow Corning and third party equipment suppliers to specify spraying and tooling equipment for NuCap application. These suppliers will include manufacturers of remote control applicators.

 

No sales of this product have occurred to date in commercial quantities and further engineering is required for this to occur.

 

EP

 

The Company has recently completed an extensive review of power quality issues in Russia. This review included an analysis of the market based on NNRF efforts over the past year. While this review confirmed that power quality is a concern to Russian consumers the Company has determined that the market for residential power quality equipment will develop more slowly than originally forecast. The Company will not achieve the projected revenues of $8.0 MM in 2007 as previously reported.

 

The Company will continue to develop a market for power quality products and continue its working relationship with its Tatarstan dealer StroyKomplektInvest (SKI). In addition, NNRF will direct marketing efforts to identified industrial and commercial applications. While the Company will continue to work at developing this market at this time we are unable to forecast revenues for 2008. This project will be handled in a separate profit center under the responsibility of its subsidiary OOO Nucon-RUS headed by the General Director of OOO Nucon-Rus, Mr. Alexander Stepanenko.

 

Trumem

 

Trumem is a liquid filtration system that is capable of decontaminating radioactive contaminated water as well as other kinds of polluted water. Trumem is a porous metallic-ceramic membrane, with a high-output, long-lasting, inexpensive and compact purification unit for all kinds of liquid wastes, including radioactive waste. Applications of Trumem include conditioning and cleaning of liquid radioactive waste and contaminated water, filtration of toxic liquid waste and cleaning of industrial water.

 

In early 2008 the company's Chief Scientist, Professor Dr. Valery Lebedev, as a co-inventor of Trumem, will focus efforts on defining different applications and developing specifications necessary to respond to requests from potential European customers.

 

Atomenergomash

 

Atoll continues to develop its relationship with Atomenergomash (AEM) through the existing joint venture between Atoll and Atomenergomash. AEM is a state producer of parts for nuclear power plants and they anticipate investing one billion dollars over the next two years for modernization and widening their portfolio of industrial assets. Atoll was recently asked to appoint one of its representatives as Chief of Operations of the joint venture. Atoll and AEM will be working together through the joint venture on future opportunities in the markets that can be served by Atoll products and engineering capabilities.

 

Egypt

 

In October the Company submitted a proposal to the Egyptian Environmental Agency for the handling and disposal of Egyptian hazardous waste. The proposal included a feasibility study and development of a strategic plan for waste management issues in Egypt. To date the Company has not received official information on the decision by the Egyptian agency to proceed with this proposal

 

South Korea

 

The Company has been conducting negotiations with Korea Nuclear Industry Co., Ltd. a South Korean company involved in radiation decontamination and waste management. Representatives of Korea Nuclear Industry Co. will come to Germany in January for formal meetings and to negotiate a formal marketing agreement for NNRF's shielding and encapsulation materials in the South Korean region.

 

NASD

 

The Company, along with its sponsor Newbridge Securities, are working on the NASD comments as part of the process that will enable the Company to list on the OTCBB. A prerequisite to listing was the effectiveness of the Company's Form 10SB which occurred on October 5, 2007.

 

Russian Trading System

 

Company representatives have met with senior staff of the RTS several times during 2007. The purpose of the meetings was to discuss the issues related to a possible dual listing on the RTS. The Company intends to have further discussions in 2008 after the internal Russian laws and regulations for dual listing of foreign companies are finalized and enacted. Valery Zubov, a member of the Company's advisory Board, was recently re-elected as a member of the Russian Parliament, the Federal Duma. Mr. Zubov was elected in the Krasnoyarsk Territory as a member of the political party Just Russia. Mr. Zubov was instrumental in the creation of the Russian Fund market. The Company believes it will benefit from his guidance in negotiations with the RTS and Russian brokerage houses.

 

At the National Investment Banker's Association convention held in November the Company sponsored the convention's keynote speaker, Ms. Elena Avakyan, the Department Head of the Russian Supreme Arbitration Court. NNRF continues to develop working relationships between the RTS and the North American investment community.

 

The Company is reviewing the possibility of listing on a major European Stock Exchange.

 

Munich Office

 

The Company has relocated from Berlin to Munich. Munich is closer to the companies scientific and production partners such as Studsvik, and suppliers of raw materials for FEECOM/BIECOM and NuCap. In addition the move was made in order to ease travel into Russia and the United States from Europe.

 

Other Matters

 

The Company has no knowledge of the counterfeit printing of Company shares. The Company has not replaced its stock transfer agent. Any statements regarding counterfeit shares and/or replacing the Company's transfer are hereby denied.

 

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