Our Stocks to Watch today include Universal Energy Corp. (OTCBB: UVSE), Signature Devices, Inc. (OTC: SDVI), WGI Holdings, Inc. (OTC: WGIH), Cybertel Capital Corporation (OTCBB: CBEL), GoFish Corporation (OTCBB: GOFH), Curis, Inc. (NASD: CRIS)
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UNIVERSAL ENERGY CORP (OTCBB: UVSE)
"Up 28.38% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UVSE.php
Company Profile:
http://www.otcpicks.com/universal-energy/universal-energy.htm
Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
UVSE News:
December 12 - Universal Energy Corp. Begins Oil Production at its Amberjack Prospect and Reaffirms Guidance of First Quarter 2008 Profitability
Universal Energy Corp. (OTCBB: UVSE), an emerging domestic oil and gas exploration and production company, announced that oil production has now begun at its Amberjack prospect. "Our first revenues from production are a historic event," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "Production estimates have been right on track and our previous estimates of profitability for the first quarter of 2008 are solid".
Universal Energy will update its stockholders each month on its production numbers for each of its prospects. "With production scheduled to begin from Lake Campo in the next few days, 2008 is shaping up to be a fantastic year for Universal Energy and its stockholders," commented Dyron Watford, CFO of Universal Energy Corp.
SIGNATURE DEVICES (OTC: SDVI)
Detailed Quote: http://www.otcpicks.com/quotes/SDVI.php
Company Profile:
http://www.otcpicks.com/signature-devices/signature-devices.htm
Signature Devices, Inc. engages in the development, manufacture, and sale of information technology products in the United States. The company creates, develops, and publishes 3-D interactive games for consoles and personal computers. It also publishes software for video games and commercial products. The company publishes games for consoles, such as GBA, XBox360, and Playstation. In addition, the company provides consulting for information technology, including computer systems, software, and electronic products. It offers a platform for hardware, embedded systems development, and image generation technology, which can be used in films, videogames, and the military. Further, the company develops customized 3D identities, including lighting, shading, artificial intelligence, and animation systems. Signature Devices was founded in 2002 and is headquartered in Redwood City, California.
SDVI News:
December 12 - Graffiti Entertainment Signs Distribution Agreement With Navarre Distribution Services, Inc.
Signature Devices, Inc. (OTC: SDVI) (www.signaturedevices.com) and their wholly-owned video game development and publishing subsidiary, Graffiti Entertainment, LLC (www.GraffitiEntertainment.com) announced that they have signed an agreement with Navarre Distribution Services, Inc. for the distribution of video games and PC software.
Kenneth Hurley, Signature Devices' Chief Executive Officer stated, "We are pleased that Navarre, a leading distributor of PC software, console games and DVD movies has decided to move forward with us. Through our partnership with Navarre, we expect that market visibility for products will increase significantly as thousands of retailers throughout North America will include our video games and PC software on their shelves and e-commerce websites. The distribution agreement allows us to tap into greater than 6,300 stores and over 100 million people per week that visit these stores. This is great exposure for our products."
WGI HOLDINGS (OTC: WGIH)
"Up 98.89% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/WGIH.php
WGI Holdings, Inc. is a publicly traded, independent oil and gas company headquartered in Houston, Texas — the Oil & Gas Capital of the World. The company is now under new management and is focused on maximizing shareholder value by executing on the following strategy: Building a diversified portfolio of significant oil and gas assets in Texas, Oklahoma, Kansas & Louisiana, through a proven selection process which must meet the high standards of our management team. Management has been successful in identifying underperforming oil and gas properties, evaluating their potential and implementing a strategy which will significantly increase the assets' value. Our approach has been carefully crafted to mitigate risk while enhancing asset valule and subsequently shareholder returns. WGI Holdings, Inc. financial structure allows it to minimize the high overhead of traditional E&P companies.
WGIH News:
December 12 - WGI Holdings, Inc. Announces Participation in Sooner Trend Oklahoma Well
WGI Holdings, Inc. (OTC: WGIH), a U.S.-based independent oil and gas company, announced it has negotiated with Monarch Resources to participate in the Goffman #1 Well in Garfield County, Oklahoma.
WGI Holdings, Inc. has agreed to participate in the recompletion of the Goffman #1 well and a 640 acre lease in Garfield County, Oklahoma. The Goffman #1 well was originally drilled in 1997 to a depth of 7436' and has produced from the Oswego Lime and Mississippi Lime formations. The Goffman #1 is located in the highly prolific Sooner Trend in central Oklahoma. WGI Holdings has established the workover procedure and will hire contract operator Proex Energy Management to perform the recompletion procedures. Work is scheduled to begin January 2008.
Potential production of both gas and oil at today's energy prices makes this opportunity a perfect fit for WGI Holdings' strategy of building a low risk portfolio of oil and gas assets one well at a time, creating cash flow for the company while mitigating risk through recompleting wells in well established production areas that have extensive infrastructure of gas sales lines to get product to market immediately.
CYBERTEL CAPITAL CORPORATION (OTCBB: CBEL)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CBEL.php
Cybertel Capital Corporation is a holding company with interests in areas of telecommunications, data management, information systems and public safety communication and response solutions. Cybertel trades on the OTC Bulletin Board under the ticker symbol CBEL. For more information on Cybertel or TeleDigit contact investor@cbclinc.com or visit www.teledigitinc.com.
CBEL News:
December 12 - Cybertel Capital Corporation Signs a Non-Binding Letter of Intent to Acquire TeleDigit, Inc.
Cybertel Capital Corporation (OTCBB: CBEL) Board of Directors has announced the Company has signed a Non-binding Letter of Intent to acquire the Portland, Oregon based telecommunications company TeleDigit, Inc. The pending transaction will acquire a minimum of eighty percent (80%) ownership of TeleDigit, Inc. as a subsidiary of Cybertel Capital Corporation.
"Over the past ten years TeleDigit has had progressive growth every year and we look forward to its continued growth in the future," states Jim Wheeler, CEO of Cybertel Capital Corp. "The acquisition will add TeleDigit's existing business which will produce approximately 1.5 million dollars in revenue for 2007."
The transaction will include a business and funding plan to expand the growth of TeleDigit, Inc.'s current service offerings, as well as to introduce additional service offerings to the existing market that TeleDigit, Inc. provides, such as Data and Wireless networking and integration and engineering, providing a full scope of Telecommunication and Data networking to include: Voice Over IP (VoIP), Telecom and data equipment sales and service, Wireless equipment sales and service, including integration and engineering services.
"We feel TeleDigit has positioned themselves well in the communication field. 2007 revenues will be about $1.5 million and with the additional services that CBEL plans on bringing in with other new acquisitions we will continue the expansion of the existing services. We feel additional growth potential is extremely high," stated Jim Wheeler.
About TeleDigit, Inc.
TeleDigit, Inc. is a locally owned and operated telecommunications company in the Pacific Northwest. Established in 1995, TeleDigit, Inc. bases its operations out of Portland, Oregon serving customers throughout the West coast, with a national contract to service all voice systems for a National chain of dentist offices. TeleDigit, Inc. provides installation and service for your business voice needs, including key systems, PBXs, voicemail, and cabling.
GOFISH CORPORATION (OTCBB: GOFH)
"Up 16.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GOFH.php
GoFish Corporation operates in the online video marketplace in the United States. The company, on its Web site at www.gofish.com, operates an Internet Video Network ("the GoFish Network") that showcases Made-for-Internet (MFI) programming developed by both amateur and professional video producers. GoFish Network enables users to participate in the viewing and production of short-form online video or Internet video content. Its MFI programs include America's Dream Date, which encourages users to create and upload videos as part of a dating competition to win a trip to Paris; and Artist Voices, a program designed to profile the lives and lifestyles of musical talents, while providing a forum for major artists to directly connect with their fan base through an interactive experience. GoFish Corporation has a strategic alliance agreement with Kaleidoscope Sports and Entertainment LLC. The company was founded in 2003 and is based in San Francisco, California.
GOFH News:
December 12 - GoFish Revises Upwards Fourth Quarter 2007 Revenue Projections
GoFish Corporation (OTCBB: GOFH), a leading Internet video and youth entertainment network, announced that it has revised upward its previously announced revenue projections for the fourth quarter and full year of 2007. For the fourth quarter ending December 31, 2007 the company now projects revenues to be in the range of $1.1 million to $1.3 million compared to the Company’s previously-announced projections in the range of $750,000 to $950,000. Based on these projections, the Company now projects revenues for the fiscal year 2007 to be in the range of $1.6 million to $1.8 million compared to the Company’s previously-announced projections in the range of $1.29 million to $1.49 million.
The fourth quarter revision was prompted by higher than anticipated advertising sales across GoFish’s youth-focused network of owned and affiliate sites.
“Our revised projection is due to the efforts of our sales organization which has successfully attracted top-tier brands to our growing network of sites,” said Tabreez Verjee, president of GoFish. “As we continue to incorporate other youth-focused publishers into our Network, we will be able to provide advertisers with greater scale and diversified ad solutions.”
For the fourth quarter ending December 31, 2007, GoFish expects to incur direct cost of revenues associated with payments to publishers of approximately 50% of revenues. The Company continues to expect to report a net loss for the fourth quarter and fiscal year 2007.
The Company’s projected revenues are estimates only and may change pending the Company’s management and independent auditor’s completion of their annual audit for the fiscal year ending December 31, 2007. While the Company’s management believes these projections have a reasonable basis, these projections are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such projections, including those identified under the heading “Risk Factors” included in the Company’s most recent quarterly report on Form 10-QSB.
CURIS INCORPORATED (NASD: CRIS)
"Up 11.70% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CRIS.php
Curis, Inc., a drug discovery and development company, focuses on the development of medicines primarily in the field of cancer. The company's product development approach involves using small molecules, proteins, or antibodies to modulate the biological signaling pathways. The biological signaling pathways are the means by which cells exchange instructional messages that regulate specific biological functions. Curis is developing various preclinical product candidates in the fields of cancer, nervous system disorders, hair growth, kidney diseases, and cardiovascular diseases. The company is developing its product candidate programs around various signaling pathways, including the Hedgehog and Bone Morphogenetic Protein pathways. It has strategic collaborations with Genentech, The Procter & Gamble Company, and Wyeth Pharmaceuticals to develop therapeutics, which modulate the signaling of the Hedgehog pathway; an additional collaboration with Genentech for discovery and development of small molecule compounds that modulate a signaling pathway that plays an important role in cell proliferation; and a collaboration agreement with Procter & Gamble Pharmaceuticals to evaluate and develop treatments for hair growth regulation and skin disorders utilizing Curis' Hedgehog agonist technology. Curis was founded in 2000 and is headquartered in Cambridge, Massachusetts.
CRIS News:
December 12 - Curis, Inc. Reports Decision to Advance a Systemically Administered Hedgehog Antagonist into Phase II Clinical Testing
Curis, Inc. (NASD: CRIS), a drug development company focused on seeking to develop proprietary targeted medicines primarily for cancer treatment, announced that its collaborator, Genentech, has notified Curis of its decision to progress a systemically administered Hedgehog antagonist drug candidate into Phase II clinical testing in the first half of 2008. The drug candidate will be evaluated in one or more solid tumor indications. Upon Phase II initiation, Curis will be eligible to receive additional cash milestone payments from Genentech under the parties’ June 2003 collaboration agreement. Should the current drug candidate successfully continue its development into subsequent stages of clinical testing and regulatory approval, Curis would be eligible to receive additional cash milestone payments. In addition, in the event the drug candidate is successfully commercialized, Curis would be eligible to receive royalties on product sales.
“We are pleased with Genentech’s decision,” said Curis President and CEO Daniel R. Passeri, MSc., J.D. “This represents an important development for Curis as our business model and portfolio continue to evolve. We continue to remain optimistic about our Hedgehog antagonist drug candidate, and look forward to providing further updates on this program upon initiation of Phase II clinical testing.”
About the Hedgehog Antagonist Program
In June 2003, Curis and Genentech entered into a collaboration for the development of Hedgehog pathway antagonists based upon Curis’ technologies with a current focus on the clinical testing of a drug candidate in a variety of cancer types. Numerous preclinical reports have linked abnormal activation of the Hedgehog pathway to the growth of several cancers.
Pursuant to the collaboration, in January 2007, Genentech began a Phase I clinical trial of a systemic Hedgehog antagonist in patients with locally advanced or metastatic cancers that are refractory to standard therapy or for whom no standard therapies exist. The primary objectives of the Phase I trial are to evaluate the safety and tolerability of escalating doses of the Phase I molecule, to establish the maximum tolerated dose and dose limiting toxicities and to characterize the pharmacokinetic and pharmacodynamic properties of the drug candidate. In October 2007, Genentech notified Curis that the initial objectives of the Phase I clinical trial were achieved and Genentech initiated a Phase I clinical trial expansion cohort to enroll additional patients in a specific cancer indication for preliminary signs of clinical response as well as the continued accumulation of Phase I safety data. In accordance with the terms of the parties’ June 2003 collaboration agreement, Curis received a $3 million cash milestone payment upon the initiation of the expansion cohort because Genentech determined that the Phase I clinical trial expansion cohort satisfied the criteria for a Phase II clinical trial under the agreement.
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