Our Stocks to Watch today include Signature Devices, Inc. (OTC: SDVI), Execute Sports Inc. (OTCBB: EXCS), Syndication Inc. (OTCBB: SYDI), Dexterity Surgical, Inc. (OTCBB: DEXT)
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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 19 - Signature Devices, Inc. Meets Filing Requirement With the SEC for Move to OTCBB and Reiterates Distribution Agreement to Include Placement Into Wal-Mart, Best Buy, Target and GameStop
Signature Devices, Inc. (OTC: SDVI) announced that they will be filing the financial and operating results for FY 2005, FY 2006 and nine-months ended September 2007 with the Securities and Exchange Commission in the process of moving to the OTCBB.
Kenneth Hurley, Signature Devices Chief Executive Officer stated, "Over the last three years we have opportunistically invested in our sales and marketing initiatives to expand globally and are enthusiastic about our business strategy. Those investments are just now beginning to show results and we expect to see large financial contributions from those efforts in future quarters."
Mr. Hurley continued, "We are pleased to provide current and prospective shareholders with our corporate and financial information. The financials, including balance sheet, income statements, among other information for the nine months ended September 30, 2007 and annual numbers for 2006 and 2005 will be filed and available for review at the Securities and Exchange Commission's web site at www.sec.gov for the move to the OTCBB. We continue to work with our legal counsel and accountants with respect to becoming a fully reporting company and having our shares trade on the OTCBB."
"Our balance sheet remains strong with only $56K in debt and our goal in 2008 is to achieve greater profitability and grow gross revenues significantly. We will continue our aggressive sales and marketing efforts by seeking new publishing opportunities with our current and prospective business partners. We are also seeing unique opportunities within the gaming industry due to the recent consolidation. We will continue to explore merger and acquisition targets and collaboration agreements on a project-by-project basis," concluded Mr. Hurley.
2008 initiatives include:
A signed a distribution agreement with Navarre to distribute our game titles to Wal-Mart, Best Buy, Game Stop, and Target among others.
Publishing 11 SKU's (Stock Keeping Units) for XBOX, Nintendo DS Titles, Sony PlayStation portable titles, Nintendo Wii title, TAS and 2 to 3 PC titles.
Launch PhatYaffle.com, a PC digital online distribution system.
Project names for six new games — "Arctic Rush", "Starship Ranger", "Galactic Teddy 2", "Funny Chewer", "Blow Up" and "Quick Brick".
Graffiti Entertainment, our wholly owned subsidiary, intends to expand its product offerings and partnerships by agreeing to publish video games based on films and documentaries.
Agreement with Studio Archcraft to publish their title "Project Exile," a real time tactical combat Role-Playing Game for the Nintendo DS. Our plans are to have the game on shelves in February of 2008. Project Exile will ship in two languages, English and French, with four more languages to follow: Spanish, German, Italian and Japanese.
Note: Audited Financials are also available online at www.signaturedevices.com in the Investor Relations section.
Revenues for the year ended December 31, 2005 were $1,024,984. Gross Profit for the year was $1,024,984. Operating income for the year, excluding stock based compensation expenses was $227,168.
Revenues for the year ended December 31, 2006 were $1,169,017 a 12.3% increase over 2005. Gross Profit for the year was $1,098,180. Operating income for the year, excluding stock based compensation expenses was $47,446.
Revenues for the nine months ended September 30, 2007 were $549,828. Gross Profit for the nine-month period was $478,998. Operating loss for the nine-month period, excluding stock based compensation was $292,645. Significant Revenues for the year are geared toward the 4th quarter as the gaming industry is cyclical and there should be significant increase in 2007 numbers. The loss is attributed to development costs for console video games scheduled to ship in 2008. Full year numbers for 2007 should be available just after the New Year.
EXECUTE SPORTS INCORPORATED (OTCBB: EXCS)
"Up 22.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EXCS.php
Execute Sports, Inc. engages in the design, manufacture, and sale of water sports products for the power sports and action sports markets in the United States and internationally. Its water sports products include vests, wetsuits, rash guards, wake skates, and accessories, which are marketed under the Execute brand name to the wake board and ski markets. The company markets its products through a network of independent dealers in the United States and through various distributors internationally. It also sells its products through online retailers, as well as through sporting goods stores, marine dealers, and independently owned pro shops. The company, formerly known as Padova International USA, Inc., was founded in 2002. Execute Sports is headquartered in Torrance, California.
EXCS News:
December 21 - Execute Sports Receives Orders For Its Sugar Sand Jet Boats From Russian Dealer
Company Receives Initial Order For 10 Boats From New Dealer
Execute Sports Inc. (OTCBB: EXCS) (“Execute”), a company engaged in the design, manufacturing and sale of water sports products, today announced that it has initiated a dealer relationship in Moscow, Russia with an initial order of 10 Sugar Sand boats. This recent booking follows orders received for 114 boats or $2.4 million from dealers that attended a dealer meeting sponsored by Execute's marketing agent, Challenger Powerboats Inc.
The new dealer relationship in Moscow, Russia was arranged by Challenger's international boat distributor that has relationships with over 140 dealers worldwide, particularly in Europe, Central America, the Far East and Middle East. Commenting on the latest orders, Geno Apicella, Execute's CEO, said, “The competition in the water-jet powered boat market is limited to a only a few participants. The market for these boats is building as consumers become increasingly aware of their lower cost of maintenance.” Mr. Apicella added, “Annual boat show season begins in January and there are several dealers around the country displaying the Sugar Sand line of boats at these shows. We are confident the sales backlog for Sugar Sand boats will continue build as the boat show season progresses.”
Sugar Sand boats are powered by Mercury's Sport Jet that give its boats the most torque and pulling power for water skiing and joy riding. Because they are water-jet powered, they are more fuel efficiently and, unlike outboard boats, they can ride in shallow water. Sugar Sand boats are built by North Dakota's largest boat manufacture, located in Fargo.
SYNDICATION INCORPORATED (OTCBB: SYDI)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SYDI.php
Syndication, Inc., a development stage company, operates as a consulting company. It acquires controlling interests in or to participate in the creation of, and to provide financial, management, and technical support to development stage businesses, e-commerce businesses, and traditional brick-and-mortar businesses. The company assists target companies in various capacities, including the development and implementation of business models to provide solutions to traditional companies; building corporate infrastructure; managing rapid growth; evaluating and negotiating corporate transactions; and providing advice relating to corporate finance, financial reporting, and accounting operations. Syndication, through its subsidiary, Syndicated Properties, also involves in real estate appraisal, evaluation, and development. The company was formerly known as Syndication Net.com, Inc. and changed its name to Syndication, Inc. in April 2006. Syndication is headquartered in Washington, D.C.
SYDI News:
December 20 - Syndication Inc. to Release Press Conference; Expansion of Spinal Decompression Division for 2008
Syndication Inc. (OTCBB: SYDI) (SYDI) announced that it will be conducting a video conference with its CEO Brian Sorrentino. Syndication Inc., through its wholly owned subsidiary Sy-Med Spinal Decompression Inc., is currently expanding its locations and the number of Doctors in its marketing network. The conference will be detailing SYDI's expansion of the Spinal Decompression division in 2008. We would also like to urge our current and future shareholders to visit any of our facilities and experience the spinal decompression table first hand. "2008 will be the most exciting year in SYDI history," said Brian Sorrentino, SYDI Founder and CEO. Mr. Sorrentino would also like to express the company's wishes to its shareholders for a Happy and Healthy Holiday Season and a very prosperous New Year.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
DEXTERITY SURGICAL INCORPORATED (OTCBB: DEXT)
"Up 141.18% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DEXT.php
Dexterity Surgical's equipment may have helped surgeons make some nimble moves, but the company itself wasn't nimble enough to avoid bankruptcy. The firm made hand-assisted laparoscopic surgery (HALS) equipment, which allowed surgeons some of the benefits of both open surgery and laparascopic (minimally invasive) procedures. Its PneumoSleeve product allowed surgeons to insert one hand into the abdominal cavity during surgery. Dexterity Surgical filed for Chapter 11 bankruptcy in 2004 in an effort to reorganize its debt; it later decided to liquidate and had sold its assets by 2006. The company is operating as a shell and is looking for a reverse acquisition opportunity.
DEXT News:
December 21 - Dexterity Surgical, Inc. Acquires Zhi Bao Da Tong (Beijing) Technology Co., Ltd. via Merger With Rise & Grow, Ltd., a Hong Kong Holding Company
Dexterity Surgical, Inc. (OTCBB: DEXT) announced that it has completed a reverse merger with Rise & Grow Limited, a Hong Kong holding company. To finalize the transaction, 26,400,000 newly issued shares of DEXT's common stock (66% of DEXT's 40,000,000 issued and outstanding shares) were issued to Newise Century Inc., a British Virgin Islands company that is the sole shareholder of Rise & Grow. Rise & Grow's sole operating entity is Zhi Bao Da Tong (Beijing) Technology Co. Ltd. (ZBDT), a company formed under the laws of the People's Republic of China (PRC) as a Wholly Foreign Owned Enterprise (WFOE), and doing business in the PRC. Effective as of the closing, the operations of ZBDT will be the only operations of DEXT.
ZBDT was established by Rise & Grow to develop computer and network software and related products. In compliance with the PRC's foreign investment restrictions on Internet information services and other laws and regulations, all of ZBDT's Internet information and media services and advertising in China are conducted via exclusive technical consulting and service agreements with Beijing Zhi Yuan Tian Xia Technology Co., Ltd. (Zhiyuan), an Internet service and media company focused on the PRC insurance industry. Pursuant to these agreements, dated September 28, 2007, ZBDT is the sole provider of services to Zhiyuan in exchange for substantially all of its net income, and future ownership rights.
Zhiyuan, founded October 8, 2006, offers online insurance products and services for the emerging Chinese Insurance industry. Its offerings include:
The first network portal for the Chinese insurance industry (http://www.soobao.cn/), which offers industry players a forum for advertising products and services.
Web site construction and software development services for marketing teams in the insurance industry.
Insurance agency services (whereby the company generates sales commissions on motor vehicle insurance, property insurance and life insurance).
Related client support services.
Zhiyuan's unaudited financial results for the quarter ended September 30, 2007 showed revenues of $2.3 million and net income of $1.8 million. The company reported cash of $2.2 million, accounts receivable of $1.7 million, and shareholders' equity of $3.8 million.
Effective with the close of the merger, DEXT named Junjun Xu as Chief Executive Officer and director, and Mingfei Yang as Chief Financial Officer.
Junjun Xu has served as the General Manager (second only to the Executive Director) of Zhiyuan since its launch in October 2006. Prior to joining Zhiyuan, she served in management positions, including one as a Senior Director of China Life Insurance Inc. Ms. Xu earned her bachelor's degree in economics and trade at Beijing Business College.
Mingfei Yang has served as financial department manager of Zhiyuan since May of 2007. Previously Mr. Yang worked as an accountant for companies in Beijing and Mongolia. He earned his academic degree in finance and tax at Inner Mongolia Financial Institute.
"We are very pleased to complete this transaction," commented Junjun Xu. "The insurance industry in China is in its infancy, and we believe this will help us capitalize on our software and Internet knowledge and industry expertise to establish the company as a key resource for insurance providers and consumers."
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