Our Stocks to Watch today Vsurance, Inc. (OTCBB: VSUR), Magellan Energy Ltd. (OTC: MGLG), FirstFlight, Inc. (OTCBB: FFLT), Lime Energy Co. (OTCBB: LMEC), Stinger Systems, Inc. (OTCBB: STIY), Continental Fuels, Inc. (OTCBB: CFUL)
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VSURANCE INC (OTCBB: VSUR)
Detailed Quote: http://www.otcpicks.com/quotes/VSUR.php
Company Profile: http://www.otcpicks.com/vsurance/vsurance.htm
Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP™ Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD™, Spot the Pet™, and Purrfect Pet Club™. Programs include life, liability, and health insurance for pets, horses, and other companion animals.
VSUR News:
December 17 - Vsurance, Inc. First Pet Health Insurance Provider To Cover Holistic Treatments
Wellness Care Endorsement on the Company's Protect 4 Pet Health Insurance Plan Covers Holistic, Homeopathic Consultations, Treatments, or Herbal Supplements
Vsurance, Inc. (OTCBB: VSUR), a leading provider of pet health insurance, announced that it is the first and only pet health insurance provider to cover holistic treatments in the prevention of illness of dogs and cats.
Holistic medicines & care is an alternative way of healing companion animals. It is the art and science of healing that addresses care of the whole animal – body, mind, and spirit. The practice of holistic medicine integrates conventional and complementary therapies to promote optimal health and to prevent and treat disease by addressing contributing factors. In addition to not only using the normal drugs and medicines, the attending veterinarian might prescribe remedies brought to us through natural sources.
The American Holistic Medical Association (AHMA) founded in 1978 is a membership organization for physicians seeking to practice a broader form of medicine than what was (and is) currently taught in allopathic (MD and DO) medical schools. For 25 years the AHMA has nurtured and educated physicians making this transition. Current membership is nearly 1,000 physicians and allied health professionals who seek to make the holistic model available to patients and practitioners alike (www.holisticmedicine.org).
“We are very excited to provide health insurance coverage for this growing treatment option for companion animal owners,” stated Russell Smith, CEO of Vsurance, Inc. “This is an important and defining difference in what makes our pet health insurance plans the best in the marketplace today.”
MAGELLAN ENERGY NEW (OTC: MGLG)
"Up 27.27% 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 18 - Magellan Energy Announces Update on the Thomas D. Martin Wells
Magellan Energy Ltd. (OTC: MGLG), an independent oil and gas company, announced that it is selling natural gas from wells on the Thomas D. Martin project in Morgan County, Tennessee in which it holds a 20% working interest. The operators for these wells, TMD Energy Inc., stated that the Citizens Gas Utility District have recently reconfigured the gas pipelines to allow gas from the wells to enter its system. A compressor has also been installed to increase production volume.
Magellan Energy is pleased to announce that the Martin lease is a mature producing oil and gas property that is being prepared for waterflooding. This ongoing project with TMD Energy Inc. will take some time to complete but with the newly installed compressor we will have increased gas production and revenue for Magellan Energy Ltd. The water flood project must still be subject to further research, geological surveys and studies to be properly executed. Until such time is determined, the wells will continue to operate at their new capacity, generating revenue with the new lines.
Magellan Energy's President, Mr. Akrivos, said, "We are very pleased at the progress that has been made up to date on the Martin project which will take some time to properly execute. TMD Energy Inc. has done an excellent job ensuring the wells maintain production and we are extremely happy to be working with them. This is our company's second successful project in Tennessee, thus establishing Magellan as a reputable, revenue-producing company in the oil and gas industry. In addition, we are in the final stages of developing a third project in Tennessee, which will be announced in the near future."
FIRSTFLIGHT INCORPORATED (OTCBB: FFLT)
"Up 14.29% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FFLT.php
FirstFlight, Inc. and its subsidiaries engage in the aircraft charter management, fixed base operations (FBO), and aircraft maintenance of the general aviation industry in the United States. It provides charter management services, including on-call passenger air transportation; FBO services, such as the fueling and hangaring for general aviation, commercial and military aircraft along with the operation of a flight school in Pennsylvania, and the management of a non-owned FBO facility; and aircraft maintenance and repair services for both managed and non-managed aircraft, as well as specialty services on aircraft brakes and wheels. The company was founded in 2003. It was formerly known as FBO Air, Inc. and changed its name to FirstFlight, Inc. in 2006. The company is based in Horseheads, New York.
FFLT News:
December 18 - FirstFlight Appoints Special Committee to Study Strategic Options
FirstFlight, Inc. (OTCBB: FFLT), a charter management and aviation services company, announced that its Board of Directors has decided to explore a broad range of strategic alternatives to enhance stockholder value. The Board has appointed a special committee drawn from its independent members to study these alternatives and has retained Laidlaw & Company (UK) Ltd., as its financial advisor to assist in this effort. The Board has taken this action in response to a number of acquisition opportunities and to a recent unsolicited indication of interest in the acquisition of FirstFlight.
FirstFlight previously announced record results for the nine months to September 30, 2007. Revenues rose to almost $35.1 million up from $29.8 million in the nine months to September 30, 2006. In 2007’s first nine months, revenue was composed of: $28.5 million in charter management (up from $23.4 million in the same period prior year), another $4.5 million from fixed base operations (FBO, up from $4.2 million in the nine months through September 30, 2006), and $2.1 million from aircraft maintenance, off slightly from $2.2 million in the same period of 2006.
The Company reported a net income for the first nine-months of 2007 of $183,868, an improvement from the $2.5 million net loss for the first nine month of 2006. FirstFlight’s management credits the turn around to the completion of a program to improve costs, a larger fleet of managed aircraft, a better mix of mid- to large-cabin aircraft, conversion of preferred shares and repayment of senior debt.
John Dow, President and CEO of FirstFlight said, “We engage in the aircraft charter management and aircraft maintenance businesses as well as FBO activities such as fueling and hangaring for general aviation. We believe that these markets are attractive for consolidation. At the same time, The National Air Transportation Association (NATA) pointed out last year that 30% of charter travelers have almost totally abandoned the scheduled airlines for their travel needs, in large part due to the security aggravations brought on by 9/11 and service that has declined in recent years. We anticipate that this trend is going to continue and will increase demand for our services. Indeed, we hired Marketshare Development Inc., a marketing company based in Scranton, Pennsylvania, to help us continue developing our business. FirstFlight has had a year of consolidation, and we believe we are now in a position to explore ways to take advantage of these market conditions.
“Looking at our business segments individually, one can see that there are a great many opportunities, and the new committee will be involved in separating the good prospects from those that are less attractive. The charter management segment of the aviation industry where we operate is defined as those operators flying under Federal Aviation Regulations (FAR) Part 135 covering aircraft with 30 seats or fewer and up to 7,500 pounds of payload. NATA noted last year that there were approximately 3,000 holders of Part 135 charter certificates, which include 2,550 for fixed wing aircraft and 450 for helicopter operators. We are confident that there are economies of scale that can be achieved through consolidation in this highly fragmented market.
“Our FBO business operates in a similarly fragmented and diffuse market. Here, NATA said that there are over 3,000 operators who serve customers at one or more of the over 3,000 airport facilities that have at least one paved 3,000-foot runway. The vast majority of these companies are single location operators. Aircraft maintenance is similarly structured.”
Dow concluded, “We have reached an important stage in our development, and the research and deliberations of this committee in examining our strategic options will result in an active and exciting 2008.”
FirstFlight also noted that there can be no assurance that the exploration of these strategic alternatives will result in any transaction. FirstFlight does not intend to disclose developments with respect to the exploration of strategic alternatives unless and until its Board of Directors has approved a specific transaction.
Laidlaw & Co., which has been involved with FirstFlight since its infancy, possesses a wealth of industry knowledge and years of transactional experience, allowing it to raise capital and advise clients who seek efficient market access and creative solutions to their corporate financing needs. With investment banking expertise and merchant banking capital under one umbrella, Laidlaw is uniquely suited to serve emerging growth companies and satisfy special situation funding requirements.
LIME ENERGY COMPANY (OTCBB: LMEC)
"Up 62.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LMEC.php
Lime Energy Co., through its subsidiaries, operates as a developer, manufacturer, and integrator of energy saving technologies. The company operates in two segments, Energy Technology and Energy Services. The Energy Technology segment engages in the development and sale of eMAC and uMAC products. The eMAC system comprises of heating, ventilating, and air conditioning (HVAC) controller with wireless communication capabilities and a central, server based, Internet accessible software that monitors and controls the operation of the connected HVAC units; and the uMAC controls the operation of a facility's lights via wireless communications. The Energy Services segment markets, designs, engineers, and installs energy efficient lighting upgrades for commercial and industrial users; provides energy engineering services, including building energy audits, HVAC and boiler system optimization, energy management planning, engineering design to optimizing energy efficiency and energy rebates, energy project management, and lighting engineering and design; and provides turnkey lighting upgrades. Its Energy technology has various applications in commercial buildings, factories, and office structures. The company was founded as Electric City Corp. in 1997 and changed its name to Lime Energy Co. in 2006. Lime Energy is headquartered in Elk Grove Village, Illinois.
LMEC News:
December 18 - Lime Energy Extends Mortgage with American Chartered Bank
On December 17, 2007, Lime Energy Co. (OTCBB: LMEC) ("Lime Energy") and American Chartered Bank ("American Chartered") entered into a Fifth Modification to Mortgage, Assignment of Rents and Security Agreement, and the Third Amended and Restated Mortgage Note (collectively, the "Fifth Amendment").
The original mortgage dated May 29, 2002 in the amount of $735,000 and with a maturity of April 30, 2004, was amended and restated four times, on September 30, 2003, on December 31, 2004, on December 13, 2005, and again on December 28, 2006 to extend the maturity to February 1, 2008.
The Fifith Amendment extends the maturity of the mortgage indebtedness two years to February 1, 2010. As of December 17, 2007, the outstanding principal balance on the mortgage was $490,000. The indebtedness continues to bear interest at a rate equal to prime (7.25% as of December 17, 2007) plus 1/2 of 1%, payable monthly.
Principal is payable in monthly installments of $3,000, with the unpaid balance due at maturity.
STINGER SYSTEMS INCORPORATED (OTCBB: STIY)
"Up 46.43% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/STIY.php
Stinger Systems, Inc. engages in manufacturing and marketing electronic restraint products to law enforcement, correctional, professional security, and military sectors. It produces and sells electronic stun devices for the control of, and to provide temporary incapacitation of, dangerous persons. The company markets S-200, a two-dart electronic projectile stun device, and TruVu camera, which offers the option of video and voice capture. The company's control products include Ice Shield, an electrified riot shield; Bandit, a remote controlled or movement controlled electrified wrap used for controlling dangerous detainees in public situations or during transport; and Ultron, a handheld contact stun device used to temporarily incapacitate dangerous individuals. The company was founded as United Consulting Corporation in 1996 and changed its name to Stinger Systems, Inc. in 2004. Stinger Systems, Inc. is based in Tampa, Florida.
STIY News:
December 17 - Medical Study of Stinger S-200 Stun Gun Completed
Study confirms cardiac safety
Stinger Systems, Inc. (OTCBB: STIY), a leader in electro-stun technology, announced a major research university has completed a comprehensive cardiac study of the Stinger Systems' S-200 projectile stun gun. Details of the study are being withheld pending publication at a scientific meeting and/or in a scientific journal. However, this study confirmed the cardiac safety of the S- 200, which had previously been documented in internal safety testing. Stinger Systems' stun products have been used since 2000. Thousands of applications have occurred and, to date, the Company has had no reported injuries or adverse health effects using its products including during training. Additional medical studies of the S-200, including direct comparisons to the Taser M26 and Taser X26 are currently underway.
Stinger Systems, Inc. intends to introduce the study for acceptance into evidence at trial of its federal case against Taser International, Inc. (NASD: TASR) for false advertising/unfair competition, that is United States District Court for the District of Arizona case CV-07-0042-PHX-MHM.
CONTINENTAL FUELS (OTCBB: CFUL)
"Up 12.24% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CFUL.php
Continental Fuels, Inc., through its subsidiaries, engages in purchasing, selling, storing, blending, and transporting petroleum products in the United States and internationally. The company owns a petroleum storage and terminal facility in the Port of Brownsville, Texas. The Brownsville terminal facility receives condensate that would be used in the blending of gasoline or sold into the U.S. market. The terminal includes truck and rail on and off loading terminals, and handles barges and tankers up to the Suez-max size. The company is based in San Antonio, Texas. Continental Fuels, Inc. is a subsidiary of Universal Property Development and Acquisition Corporation.
CFUL News:
December 17 - Continental Fuels Completes Acquisition of Geer Tank Trucks - North Texas Oil Purchasing Company - Gains Access to Crude Contracts and Pipelines - Immediate Additional Revenue
With conventional financing provided by Sheridan Asset Management, LLC of New York, Continental Fuels, Inc. (OTCBB: CFUL) (FWB: CIQB) has completed the purchase of all of the outstanding stock of Geer Tank Trucks, Inc. (www.geertanktrucks.com), a crude oil purchasing company founded in 1945 with five locations in North Texas and nearly $50 million in annual revenue. In this single transaction in which Geer becomes a wholly owned subsidiary of Continental, Continental has completed the next phase of its business plan by securing a consistent supply of crude oil, all of the equipment necessary to transport and process that crude and access to major crude oil pipelines to efficiently deliver the crude to market.
The transaction is the second major acquisition completed by Continental during the year. In April, Continental acquired the Brownsville Port Facility (www.portofbrownsville.com) and light crude trading business of Universal Property Development and Acquisition Corporation (OTCBB: UPDA) (FWB: UP1) (www.universalpropertydevelopment.com) in a transaction that resulted in UPDA acquiring a controlling interest in Continental. Since that time, Continental has expanded the storage capacity of its port facility and established significant contracts for the sale and delivery of light crude condensate originating from that facility.
In addition to financing this purchase, Sheridan has also committed a $3 million working capital credit facility to finance Continental’s operations at Geer and the port.
The Geer acquisition includes 4 pipeline terminals with connections to major pipeline companies such as Colonial, Teppco and Plains and 5 service yards in various locations throughout North Texas, more than twenty 200 bbl transports, 50 frac tanks, water hauling and disposal facilities incorporating 2 commercial salt water disposal wells and other assets and equipment invaluable to Continental’s continuing development of its business model.
“Completing this acquisition represents another leap forward in the development of our business,” remarked Continental CEO Tim Brink. “While the revenue it brings is very important, the incredible opportunities it presents cannot be overstated. The assets and business of this company correspond perfectly with the plans we have developed. In the time we have been working with the Geer management, much of which will remain intact, we have identified several additional sources of revenue and opportunities for growth and negotiated significant increases in sales margins. Continental will now have port facilities and contracts for the purchase, storage, sale and delivery of light crude in South Texas and sources, facilities and equipment to transport and deliver and contracts to purchase and sell crude in North Texas.”
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