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Execute Sports Inc. (OTCBB: EXCS) Up 126.67% on Friday
Detailed quote: http://beaconequityresearch.com/EXCS
December 14, 2007 - Execute Sports' Sugar Sand Jet Boat Division Receives Orders for 114 boats
Execute Sports Inc. ("Execute") (OTCBB:EXCS), a company engaged in the design, manufacturing and sale of water sports products, today announced that its marketing agent, Challenger Powerboats Inc., has received orders for Execute's Sugar Sand line of boats totaling 114 boats or $2.4 million.
The orders were generated as a result of a dealer meeting organized by Challenger, which is an annual event, during which boat manufacturers display their new models to dealers and, normally, generate approximately 30 to 35 percent of annual sales. Sugar Sand boats, as well as Challenger's performance series line and tow boat line, were demonstrated during the two day event.
Geno Apicella, CEO of Execute Sports, said, "Challenger's dealer show was successful in generating an aggregate 430 orders for Sugar Sand, Gekko and Challenger boats. We are expecting increased demand for the Sugar Sand line as its dealers market their inventories at winter boat shows around the country and need to restock for the 2008 boating season. We are very encouraged by the dealer reception. Our marketing partner, Challenger, intends to expand its distribution in Europe, Central and South America and Asia over the coming months."
Execute's Sugar Sand line of jet driven boats use the same propulsion techniques as jet fighters. The boats range from the 14 foot Sting model to the 23 foot Oasis model, and are all designed for extreme water sports, speed or just leisure cruising. The boats can be used in shallow waterways and are highly maneuverable, bringing their sports capabilities to the extreme. In addition to the Sting and the Oasis, Execute's Sugar Sand line of boats also includes the Tango Xtreme and the Tango Super Sport (both 16.5 feet), the Mirage and Mirage Fun and Fish (both 18 feet), and the Calais (19.5 feet).
Ultitek, Ltd. (OTCBB: UITK) Up 42.86% on Friday
Detailed quote: http://beaconequityresearch.com/UITK
December 14, 2007 - Ultitek, Ltd. Announces Major Contract With Ukrainian "State Institute of Automation"
Ultitek, Ltd. (OTCBB: UITK) is pleased to announce that on December 12, 2007, Ultitek's Board of Directors approved signing of formal agreement with Ukrainian "State Institute of Automation" to provide airline control services for the country of Ukraine. Included in the services to be provided are Departure Control, Reservations, Airline Operations, Distribution and other modules. Passenger air traffic in and out of the Ukraine is growing at a good pace and "State Institute of Automation" wishes to take advantage of the latest leading edge technology that Ultitek provides. The contract is structured in such a way to bring maximum benefits to both parties.
"This contract is the culmination of the letter of intent we announced on July 16th, 2007. We are pleased the final negotiations took less time than the 180 days than we had anticipated. The contract should not be underestimated. The impact to our revenues and profits in 2008 will be dramatic. Providing we have all the necessary financing in place by the end of this year, in 2008, we expect revenues in excess of 15 million dollars and we expect significant profits on that total. The revenues to be generated by this contract will be even more dramatic in fiscal 2009. We expect gross revenues to exceed 70 million with profits increasing accordingly," said Roman Price CEO.
Sun Cal Energy Inc. (OTCBB: SCEY) Up 34.21% on Friday
Detailed quote: http://beaconequityresearch.com/SCEY
December 14, 2007 - Sun Cal Energy Inc. Announces Preliminary Analysis and Reserve Estimate for the South East Jonah Area, Sublette County, Wyoming
Sun Cal Energy Inc. (OTCBB:SCEY), an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and Green River Basin of Wyoming is pleased to announce that it has received a preliminary analysis and reserve estimate from Heinz Geophysical Consulting for the South East Jonah Area, Sublette County, Wyoming.
The independent study focused on Section T27N-R107W in Sublette County, Wyoming, and outlined an average of .8 BCF per well using 40 acre well spacing as a reasonable expectation. These parameters would yield a reserve of 13 BCF per section, or a total of 117 BCF for the nine sections in Sun Cal's Jonah Prospects. The study also states that infill drilling could easily double these reserves to 26 BCF per section or more.
Sun Cal Energy Inc. has a 100% working interest in 6,000 acres of leases in the Jonah Field region of Wyoming - the second largest proven gas reserve in the United States. Sun Cal's Prospects are identified as South Jonah, which consists of 2,477.68 acres and West Jonah, consisting of 3,546.89 acres. Most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron/Texaco also holding significant positions. In a recent auction of 1,280 acres approximately 5 miles to the Northeast, leases yielded $3,300/ acre.
Commenting on these developments, Lewis Dillman, President and Chief Executive Officer of Sun Cal Energy Inc. states: "We are excited to receive additional validation from an independent geophysical consultant, and we look forward to additional technical analysis and evaluation of seismic data to finalize a work program for our Prospects in the very near future. With recent announcements of several proposed pipelines to transport natural gas from Wyoming to other states, we expect that the area will continue to grow in stature, and be quick to tie into."
According to the Petroleum Association of Wyoming, of the 3,243 wells drilled and completed in 2006, 166, or 5.1% found oil, 3,009 or 92.8% found gas, and only 68 or 2.1% were dry holes. Sublette County, the largest natural gas producer in the state, contains Sun Cal's Jonah Prospects.
"While almost every other gas-producing area in North America has experienced gradual-to-moderate declines, natural gas reserves in Wyoming are actually increasing." stated Lewis Dillman. "With 93% natural gas drilling success rates in 2006, we believe our Jonah Prospects could provide significant upside and discovery potential for our shareholders. Even after discounting the price of natural gas to $2.40, the reserves implied by the report suggest that the Sun Cal's Jonah Prospects could yield $560 million." stated Lewis Dillman.
Southridge Enterprises, Inc. (OTCBB: SORD) Up 23.75% on Friday
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December 14, 2007 - Southridge Executives to Meet with U.S. Department of Energy
Southridge Enterprises, Inc. (OTCBB:SORD) (the "Company") announced today that President Alex Smid, Director Daniel Jackson and key operating executives will be meeting with officials at the U.S Department of Energy to review and discuss renewable energy initiatives.
The meeting with Paul Dickerson, Chief Operating Officer and other officials at the U.S. Department of Energy (DOE) Office of Energy Efficiency & Renewable Energy (EERE) is to be held at their headquarters in Washington, D.C.
The U.S. Department of Energy (DOE) announced in February 2007 that they would invest up to $385 million for six biorefinery projects over the next four years. When fully operational, the biorefineries are expected to produce more than 130 million gallons of cellulosic ethanol per year. This production will help further President Bush's goal of making cellulosic ethanol cost-competitive with gasoline by 2012 and, along with increased automobile fuel efficiency, reduce America's gasoline consumption by 20 percent in ten years.
AFP Imaging Corporation (OTCBB: AFPC) Up 19.05% on Friday
Detailed quote: http://beaconequityresearch.com/AFPC
December 14, 2007 - AFP Imaging Begins Deliveries of Its New Model Three Dimensional X-Ray Scanner for Dentists
AFP Imaging Corporation (AFPC.OB) today announced that it has begun the delivery and installation of the new model "VG" (vertical generation) Cone Beam CT x-ray scanners ("CBCT") to dentists in the United States, Canada and Europe. The Company recently received regulatory clearance from the FDA, Health Canada and the CE agencies for this new model. It joins the Company's well respected "New Tom" 3-D imaging product line. The Model "VG" allows the patient to stand, sit or stay in a wheel chair while they are scanned in an upright, vertical position. It utilizes a conical beam of x-rays that passes around the head, allowing the capture of a three dimensional, digital radiographic image of the patient's teeth and jaw structures. The Company's technology features proprietary software to capture and quickly display these detailed images. 3-D applications are vital for orthodontics, implants and oral surgery, among others, where complex cases require sophisticated imaging to plan the treatment procedure. Cone Beam imaging is quickly becoming the high tech, gold standard of care for the dental professional. Patients also benefit from reduced radiation dosage and quicker treatment scheduling.
The Company expects significant growth of profitable revenues from this new product. AFP's entry into the CBCT market was achieved in April 2007 through the successful acquisition of QR srl, Verona, Italy. QR has over ten years of product experience in this field. The Company is well along in integrating and expanding its domestic and foreign sales and manufacturing operations for improved, future efficiency. Management believes there is a strong future for AFP and over the next twelve months CBCT will become a major contributor to profitability. The Company estimates that the world market for Cone Beam CT scanners, over the next few years, could reach more than 4,000 new unit sales. With suggested retail price points of up to $200,000 per unit, the total world market could generate $600 to $800 million in sales, near term. The introduction of the new "VG" model positions AFP to increase its CBCT market share and become a major contributor to the growth of the Company. QR was an early pioneer in research and development of the basic CBCT technology. Vertical, CBCT patient positioning reduces the office space required for the equipment and will often replace an older, two dimensional panoramic x-ray unit. The Company's software upgrades and product development programs are being expanded for additional medical applications. Currently, AFP has about five hundred of the original New Tom 3-D units installed, worldwide.
Since the acquisition, the Company has significantly invested in sales and marketing programs to bring these CBCT products into commerce. AFP and QR attend and demonstrate all of its x-ray imaging equipment at the major dental trade shows in the USA and internationally. Recently, the Company attended the American Dental Association (September 2007), Greater New York Dental Convention (November 2007) and will be at the Chicago Mid-Winter Exposition in February 2008. AFP also exhibits at numerous other clinical meetings with its veterinary and medical imaging product lines. Sales leads are developed by direct contact with dentists as well as through its independent representatives. The Company promotes directly to end users by advertizing, lecturing at clinical study groups and continuing educational seminars. Internationally, over the past ten years, the Company utilizes a qualified dealer network that sells, install and support our CBCT installations in the global dental marketplace.
