Our Stocks to Watch today include GS AgriFuels Corporation (OTCBB: GSGF), Lattice Incorporated (OTCBB: LTTC), Aventura Holdings, Inc. (OTCBB: AVNT), Platina Energy Group, Inc. (OTCBB: PLTG)
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GS AGRIFUELS CORPORATION (OTCBB: GSGF)
"Up 90.48% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GSGF.php
GS Agrifuels Corporation, together with its subsidiaries, engages in the manufacture and sale of proprietary agrifuels and renewable energy production equipment. It is also developing facilities to produce and sell clean fuels and energy and other agri products. In addition, the company engages in the development and marketing of esterification and transesterification biodiesel process technologies; and the production and sale of oleic safflower, sunflower, canola, and other vegetable oils. It serves developers of renewable fuel production facilities. The company was incorporated in 2000. It was formerly known as Hugo International Telecom, Inc. and changed its name to GS AgriFuels Corporation in 2006. The company is headquartered in New York, New York.
GSGF News:
December 27 - GS CleanTech to Take GS AgriFuels Private
Transaction Will Mark Completion of GreenShift's Restructuring
GS CleanTech Corporation (OTCBB: GSCL) and its majority-held subsidiary, GS AgriFuels Corporation (OTCBB: GSGF), announced GS CleanTech’s plan to transfer its interest in the capital stock of GS AgriFuels to a new wholly-owned subsidiary of GS CleanTech. After the transfer, the new GS CleanTech subsidiary will merge GS AgriFuels into itself in accordance with the short-form merger procedures provided in Section 253 of the Delaware General Corporation Law. All non-affiliated minority shareholders of GS AgriFuels will receive a cash payment of $0.50 per share as a result of the merger and will thereafter cease to be shareholders of GS AgriFuels. GS AgriFuels will, therefore, cease to be a public company at the conclusion of these transactions.
The completion of these transactions is subject to the consent of GS CleanTech’s and GS AgriFuels’ senior creditor, YA Global Investments, L.P. (“Global”). GS CleanTech expects to obtain this consent in the near term, based on recent favorable discussions with Global. If the consent is obtained by early January, GS CleanTech expects that it will declare a definitive date for the merger during January 2008, and that it will complete both the merger and the cash distribution within the first 6-8 weeks of 2008.
The short-form merger of GS AgriFuels will be part of a series of transactions that GS CleanTech expects to complete in the next few weeks, involving the restructuring of GS CleanTech’s existing debt and the closing of new financing to support the ongoing construction and operation of GS CleanTech’s various corn oil extraction systems.
Background on GS AgriFuels Transaction:
Ed Carroll, GS AgriFuels’ chief financial officer, said that “We have been burning too much cash at the corporate level administering multiple public entities. We believe that taking GS AgriFuels private, along with the other restructuring steps we have taken during the past 60 days, will significantly reduce corporate overhead, while streamlining our operations and alleviating the confusion that our multiple entities cause to both our clients and our shareholders.”
Kevin Kreisler, chairman of GS CleanTech and GS AgriFuels, added: “The elimination of confusion has been a chief goal of our restructuring, as minority shareholders in each company have expressed concerns regarding the relationship between GS CleanTech and GS AgriFuels.”
In late 2006, GS AgriFuels acquired NextGen Fuel, Inc. (“NextGen”), a development stage company that had developed proprietary and patent-pending technologies for the high efficiency transesterification of qualified oils and fats into biodiesel. While the NextGen reactor is an elegant, robust and proven technology, upstream and downstream processes are required to prepare targeted oils and fats before reaction and to purify the fuel after reaction. GS CleanTech’s engineers have either redesigned or designed nearly all of the upstream and downstream processes used in conjunction with the NextGen reactor today. Moreover, since NextGen never had its own engineering, manufacturing, installation, commissioning or any other technical staff after the acquisition, GS CleanTech’s engineering and manufacturing teams have conducted virtually all of NextGen’s operations since early 2007. Significantly, GS CleanTech’s staff is directly responsible for GS AgriFuels’ third quarter profits.
Kreisler continued: “The degree to which GS CleanTech’s and GS AgriFuels’ operations are integrated and the extent to which GS AgriFuels relies on GS CleanTech’s engineers raises issues for the GS CleanTech shareholders that must be resolved. After reviewing a variety of alternatives, we concluded that the most equitable way to resolve these issues is for GS CleanTech to take GS AgriFuels private for fair value.”
“We also believe that the combined benefit of GS AgriFuels’ and GS CleanTech’s commercialized technologies will be more effectively realized and translated into increased shareholder wealth by taking GS AgriFuels private. Once this transaction is completed, the value proposition presented by GS CleanTech’s various biofuels technologies and operations will no longer be diluted and spread across multiple publicly listed entities – it will be concentrated in one company: GS CleanTech.”
Completion of Restructuring:
The completion of the short-form merger will mark the completion of GreenShift’s accelerated restructuring.
Kreisler concluded: “We are producing cash flows today with technologies that were not in the field a year ago, and our growth rates of sales and earnings show that we can build an extremely exciting and profitable company. With the completion of our restructuring, we believe that our capital structure is now primed to accurately reflect the market value of what we are building and to enhance value for all of our shareholders. We will face considerable risks moving forward as we continue to scale our operations, but we have a strong foundation and I am confident that our team can make a significant contribution to the nation’s efforts to increase the utilization of biofuels.”
ABOUT GS CLEANTECH CORPORATION
GS CleanTech Corporation (OTCBB: GSCL) develops and supports clean technologies and companies that facilitate the efficient use of natural resources. GS CleanTech's ambition is to catalyze the rapid realization of disruptive environmental gains by creating valuable opportunities for a great many people and companies to use resources more efficiently and to be more profitable. GS CleanTech Corporation owns majority stakes in each of GS Ethanol Technologies, Inc., GS AgriFuels Corporation (OTCBB: GSGF), GS Energy Corporation (OTCBB: GSEG) and GS EnviroServices, Inc. (OTCBB: GSEN). Additional information on GS CleanTech is available online at www.gs-cleantech.com and www.greenshift.com.
LATTICE INCORPORATED (OTCBB: LTTC)
"Up 10.53% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LTTC.php
Lattice Incorporated, through its subsidiaries, engages in the design, development, and implementation of business management applications, integration technologies, and enterprise geospatial systems in the United States. It provides engineering services coupled with information technology solutions to the federal government and private industry. The company specializes in the design and implementation of enterprise geographic information systems, enabling the vision of public and private sector clients for cross-organization data sharing, as well as develops Web services applications and geospatial solutions. It also performs spatial analysis and risk assessment modeling for the military medical application. In addition, Lattice provides technical and management consulting services, including network engineering, architectural guidance, database management, programming, and functional area analysis to its department of defense clients. The company's products include Aquifer, a software architecture that provides users the ability to develop and manage applications in a secure distributed computing environment; Commander call control system that provides call control and management tools targeted at investigation and law enforcement in the inmate telephone control industry; MinuteMan, a prepaid card system for smaller prepaid card vendors; and SensorView, which provides clients with the capability to command, control, and monitor multiple distributed chemical, biological, nuclear, explosive, and hazardous material sensors. In addition, the company provides software consulting and development services to United States federal governmental agencies. Lattice markets its products through direct sales team to IT organizations, systems integrators, and IP carriers. The company, formerly known as Science Dynamics Corporation, was incorporated in 1973. It changed its name to Lattice Incorporated in February 2007. Lattice is based in Pennsauken, New Jersey.
LTTC News:
December 26 - Lattice Announces Record Backlog of $84.0 Million
Lattice Incorporated (OTCBB: LTTC) (“Lattice” or the “Company”), a provider of advanced information and communications technology solutions to key government agencies and enterprise customers, is announced that the Company’s backlog of contract wins reached a record $84.0 million as of November 30, 2007.
“We are extremely pleased with the progress we have made in the execution of our business plan and with the visibility we have into our revenues going forward,” said Paul Burgess, Lattice’s Chief Executive Officer. “Our ability to win significant contracts demonstrates the strength of our business model and of our customers’ acceptance of our solutions.”
Lattice calculates its backlog as contracts awarded to the Company or its subsidiaries, representing the estimated revenues it expects to derive from these contracts over their remaining lives. The Company’s backlog is not necessarily funded and there is no guarantee these revenues will be realized.
AVENTURA HOLDINGS (OTCBB: AVNT)
"Up 66.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AVNT.php
Aventura Holdings, Inc., an investment holding company, provides automobile loans to consumers. The company offers its products through automobile dealers who benefit by selling used or pre-owned vehicles to consumers who otherwise could not obtain conventional financing. Aventura Holdings is based in Miami, Florida.
AVNT News:
December 27 - Aventura Acquires Technology and Marketing Rights
Aventura Holdings, Inc. (OTCBB: AVNT) announced the acquisition of technology and marketing rights for an IPTV solution for broadcasters and content providers from IPWebTV, Inc., a Delaware Corporation.
Craig A. Waltzer, Chief Executive Officer for Aventura, said, “The IPTV broadcast technology acquired by Aventura from IPWebTV, Inc. (Delaware) is the first strategic purchase towards the Company's future direction. Aventura plans to capitalize on its new property by marketing custom infrastructure solutions to Internet Service Providers ('ISP') and Content Service Providers ('CSP'). Aventura will operate the business under a newly formed wholly-owned subsidiary IPWebTV, Inc., a Florida Corporation.”
Waltzer stated, “The market for IPTV solutions is in its infancy and the market has caught the eye of Information Technology industry leaders. The bellwethers such as Cisco, Microsoft, Alcatel and Motorola have all launched product offerings on the hardware, software or solution side of the equation.”
Waltzer further stated, “According to an Infonetics Research report, worldwide subscribers are predicted to swell to 53 million by 2009 with service providers investing rapidly on IPTV content and transport equipment. The Infonetics report projects in 2009, $26 billion in capex expenditures for IPTV infrastructure.”
Waltzer concluded: “The Company anticipates immediately generating revenues as it has a ready-for-market solution. At the early stages, sales of the product shall focus on back-end operations, by providing testing and verification hardware and software solutions to broadcasters and carriers in the IPTV space. We believe that this niche market provides several unique opportunities for Aventura to grow out the business model. The Company will continue to seek out strategic opportunities domestically and abroad and team with other industry leaders to build on its newest platform of product offerings and expand that research to include content delivery systems.”
The purchase price for the transaction is five hundred (500) Shares of Non-Voting Convertible $0.001 Par Value Preferred Stock (the “Preferred Stock”) of the Company. The Preferred Stock is convertible into 500 Million Shares of the Company's Common Stock.
ABOUT IPWEB TV
IPWebTV, Inc. is an industry leading designer, developer and manufacturer of streaming media fixed and mobile solutions for the broadcast, satellite and IP marketplace.
PLATINA ENERGY GROUP (OTCBB: PLTG)
"Up 36.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PLTG.php
Platina Energy Group, Inc., an exploration stage company, engages in the exploration and development of oil and gas properties. It owns interests in the Hall and Kirkpatrick leases in the Palo Duro Basin located in Swisher and Hale County; and oil and gas leases located in Young County in Texas. The company also owns interests in various oil and gas leases in the Devonian Black Shale formation located in the Appalachian Basin of east Tennessee. In addition, Platina Energy Group owns certain rights in Thermal Pulse Unit (TPU), a proprietary enhanced oil recovery technology that utilizes a hydraulic gas compressor to enhance the production of mature oil fields and stripper wells. The TPU creates 350F+ heat and 1,500+psi pressures for utilization in well cleanup, stimulation, and production. The company was incorporated in 1988 as Windom, Inc. and after undergoing various business changes, the company's name was changed to Platina Energy Group, Inc. in 2005. Platina Energy Group is headquartered in Cheyenne, Wyoming.
PLTG News:
December 27 - Platina Announces Proven Reserves Exceed $3 Per Share
Platina Energy Group, Inc. (OTCBB: PLTG) (Frankfurt: O5Y) reports, since early 2007, estimated proven oil reserves held by Platina have almost doubled in value. Platina's combined reserves now reflect potential appreciation by more than 35% for the year exclusive of recent acquisitions. This translates into reserve estimates exceeding $3 per share.
According to Blair Merriam, "It will be up to the market place and shareholders to determine the hidden potential of the Company's value and to make informed investment decisions."
As reported by the Wall St Journal on Saturday, "Oil-price prognosticators, bruised after an unusually volatile spell in the oil patch, have reached a rough consensus on next year: Oil will be even costlier, even if the economy cools.
"Consumers are likely to pay a lot more at the pump, too. The Energy Department predicts that far higher average oil prices will force gasoline prices to even out at $3.11 next year, up 10%... "
December 27 - Platina Announces Authorized Shares and Rumor Clarification
Platina Energy Group, Inc. (OTCBB: PLTG) (Frankfurt: O5Y) reports that rumors relative to a major transaction involving the potential acquisition of a substantially larger Company may be accurate. Prior to the annual meeting to be announced in January, management has solicited sufficient votes to authorize but not issue up to five hundred million common shares to facilitate such a possible transaction should such a motion be presented for vote at the annual meeting.
Blair Merriam, President of Platina, stated, "We have no intention of diluting shareholders by the issuance of additional stock without consideration. We've merely positioned the Company to have the ability to acquire accretive opportunities following completion of due diligence and possible terms. Management's job is to deliver value and proven growth which remains our top priority."
The Company further reports that it is revising the current web presence and will be facilitating investor conference calls starting the first part of 2008 both in English and German.
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