Our Stocks to Watch today include Execute Sports, Inc. (OTCBB: EXCS), Yantai Dahua Holding Company (OTCBB: YDHCF), CDC Corporation (NASD: CHINA), Solar Power, Inc. (OTCBB: SOPW), U.S. Geothermal Inc. (OTCBB: UGTH) and QMed, Inc. (NASD: QMED).
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EXECUTE SPORTS INCORPORATED (OTCBB: EXCS)
"Up 3.60% 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 26 - Execute Sports Launches New Website
Execute Sports, Inc. (OTCBB: EXCS) (“Execute”), a company engaged in the design, manufacturing and sale of water sports products, announced that it has launched its new, completely overhauled website, which reflects the new look and direction of the company.
The new website contains the redesigned product line for 2008, including links to its recently acquired water-jet boat line, a direct news link and photos and bios of new Team Riders. The site also contains online store links for easy purchases of Execute products.
Geno Apicella, Execute CEO, commented, “We wanted to make sure that the revised site provided a better representation of the company and its product lines. We also wanted a site that was full of information and easy to navigate.” Mr. Apicella added, “We searched for several months to find the right web design company to bring our new vision and focus into the new site.”
The new website was designed by Robert White of Pro Creation Studios of Newport Beach, California.
New Execute branded products will be available in January 2008.
YANTAI DAHUA HOLDING CORPORATION (OTCBB: YDHCF)
"Up 48.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/YDHCF.php
Yantai Dahua Holdings Co. Ltd. is engaged in, through its subsidiaries, the manufacturing and sales of paper principally for printing and writing in China. Headquartered in Yantai City, Yantai Dahua is a leading paper manufacturer in Shandong Province, and employs a staff of around 1,180 employees. The Company's marketing teams distribute its products through six sales offices in different parts of China to cater for its clientele of over 210 well-established publishing houses, printing companies and other state-owned material supplies companies.
YDHCF News:
December 28 - Yantai Completes Reverse Merger With China Agro-Technology, a China Forestry Technology Company With Net Income of $32.8 Million in 2007
Yantai Dahua Holding Company (OTCBB: YDHCF) announced that it has completed a reverse merger with China Agro-Technology, Ltd. The name of the listed company has been changed to China Agro-Technology Holdings Ltd. and expects to receive a new stock symbol in the coming days. Yantai Dahua issued 288 million shares of common stock in exchange for all of the issued and outstanding shares of China Agro-Technology, Ltd. ("CAT"). As a result of the transaction, CAT became a wholly-owned subsidiary of Yantai Dahua.
CAT, an agro-biotechnology firm, has total revenues of $37 million in fiscal year ended September 30, 2007, with gross profit of $35 million and net income of $32.8 million.
Leveraging its many competitive advantages, CAT is executing the following strategies in order to broaden its market penetration, deliver results consistently, and increase shareholder value in the long term:
Focus on acquiring additional forestry plantation trees and access to long-term supply of wood fiber in promising Chinese markets.
Continue to improve the yields at its plantations by investing in research and development.
Leverage its unique non-tube plant propagation technology and broaden its business scope into other products, such as bamboos, Jatropha, and aromatherapy plants.
Continue to practice sustainable forestry management.
Continue revenue & IP growth through technology-transfer.
CAT is also seeking to establish a strong market position in the bamboo cultivation industry, a $5 billion worldwide growth market, by leveraging its non-tube propagation technology. CAT's technology allows it to harvest bamboo within just two years and increase unit yield by 20-30%.
CAT will also seek diversified growth by cultivating a market for Jatropha, which produces seeds containing up to 40% oil. When the seeds are crushed and processed, the resulting oil can be used in a standard diesel engine, while the residue can be processed into biomass to power electricity plants. According to an August 24, 2007 Wall Street Journal article, which was also cited on CNBC on September 14, 2007, Goldman Sachs spotlighted Jatropha as one of the leading candidates for biodiesel production. CAT has signed a Memorandum of Understanding for 50,000 acres of Jatropha plantation in Indonesia.
CAT owns 100% of the capital in Tian Agro-Technology Ltd. (TAT); TAT owns 100% of the shares in Tian Agro-Technology Pte Ltd., a Singapore incorporated company, which in turn owns 80% of the capital in Qing Yuan Zhao Tian Eco-Agriculture Co., Ltd. (QYZT). QYZT was set up in Qing Yuan City, Guangdong Province, China in 1997 for eucalyptus cultivation. QYZT currently owns and operates a 16,650-acre eucalyptus plantation.
ABOUT CHINA AGRO-TECHNOLOGY, LIMITED
China Agro-Technology, Ltd. ("CAT") is an ecologically sustainable agricultural technology enterprise that aims at promoting a global reforestation program, generating environmental rehabilitation and serving the acute demands for paper products. CAT is primarily involved in the ownership, management and operation of Genetically Engineered plantations, the non-tube clone plantations and the marketing of the proprietary rights and technological know-how to the global market.
CAT's strength is its group of highly innovative research scientists and agronomists who specialize in the R&D of agriculture and intelligent computer non-tube plant propagation technology. Driven by agro-biotechnology, CAT is able to achieve higher output with a shorter growth period. CAT's Genetically Engineered Eucalypt Trees (GEET) strains are suitable for cultivation at different climatic conditions and are able to grow within just 4-5 years time to a height of 35 to 40 meters, as compared to other species that take about 6 to 8 years. The Company's trees also yield 50% more in wood timber, about 150 cubic meters per hectare as compared to 100 cubic meters per hectare for those which currently leads the world in eucalyptus production. Other unique features of CAT's GEETs include increased resistance against pests and weeds, the ability to flourish under adverse weather and soil conditions, reduced usage of agro-chemical and growth of at least 8 rotations over a period of 50 years without the need for replanting of new saplings.
CDC CORPORATION (NASD: CHINA)
"Up 23.60% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CHINA.php
CDC Corporation provides enterprise software, online games, mobile services and applications, and Internet and media services. The company's Software segment offers enterprise resource planning, customer relationship management, supply chain management, order management systems, human resources and payroll management, and business intelligence products. Its Business Services segment offers information technology services, eBusiness consulting, and Web development and outsourcing, as well as a marketing database and marketing support service. The company's Mobile Services and Applications segment provides news and mobile applications services targeting the consumer market in China. It offers wireless services, including short message service, interactive voice response, multimedia message service, and wireless application protocol. CDC Corporation's Internet and Media segment focuses on online entertainment and Internet products and services that target users in China and Chinese communities worldwide through its portal network china.com and hongkong.com. This segment also includes Singapore-based travel trade publisher and organizer serving the travel and tourism industry in the Asia Pacific region. CDC Corporation's Games segment engages in the development and operation of online games in the People's Republic of China. It offers massive multiplayer online role playing games and massive multiplayer online games, which are online games that allow thousands of users to interact with one another in a virtual world by assuming ongoing roles or characters with different features. It operates in North America, Europe, the Middle East, Africa, and the Asia Pacific region. The company was founded in 1997. It was formerly known as China Information Infrastructure Limited and changed its name to chinadotcom corporation in 2000. Further, the company changed its name to CDC Corporation in 2005. CDC Corporation is headquartered in Causeway Bay, Hong Kong.
CHINA News:
December 28 - CDC Corporation Provides Update on Share Repurchases and Insider Buying
Company Insiders Purchased 467,825 Shares During Last Nine Trading Days
CDC Corporation (NASD: CHINA), focused on enterprise software and online games, announced that company directors and executives have purchased a net amount of approximately 467,825 shares since the insider trading window was opened on December 17, 2007.
Additionally, during the fourth quarter of 2007, the company and its subsidiaries repurchased 366,000 common shares at an average price of US$6.31 per share for a total of US$2,309,246. Since January 1, 2007, the company and its subsidiaries have repurchased a total of 2,909,200 common shares at an average price of US$8.02 per share for a total of US$51,220,386. Since the beginning of the share repurchase program on May 2, 2006, the company and its subsidiaries have repurchased a total of 8,997,824 common shares at an average price of US$5.69 per share for a total of US$51,220,386.
The company has entered into a 10b5-1 trading plan which facilitates the repurchase of its common shares and allows the company to repurchase shares during trading blackout periods through pre-arrangements with a broker, based upon specified guidelines and parameters set forth in the trading plan. Shares of the company purchased by subsidiaries are not counted as part of the company’s authorized repurchase program.
SOLAR POWER (OTCBB: SOPW)
"Up 10.79% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SOPW.php
Solar Power, Inc. and its subsidiaries engage in the sale and construction of photovoltaic systems, as well as in the manufacture of cable, wire, and mechanical assemblies. Its products include wafers, solar cells, solar modules, and solar systems. The company offers its photovoltaic systems for industrial, commercial, and residential facilities located primarily in the United States. Solar Power was founded in 2005 and is based in Granite Bay, California.
SOPW News:
December 28 - Solar Power, Inc. Announces New Additions to Its Senior Management Team
Solar Power, Inc. (OTCBB: SOPW) (SPI), a vertically integrated manufacturer of photovoltaic (PV) modules and designer and installer of PV solar electric systems for commercial, public and residential customers in the United States, announced several additions and changes to its Senior Management Team.
Mr. Jeff Winzeler is replacing Mr. Glenn Carnahan as the Company’s Chief Financial Officer. Mr. Winzeler’s financial experience includes his previous role as CFO at International DisplayWorks and Group Controller for Intel Corporation’s FLASH Group in Folsom, California, where he managed all fiscal aspects of the $2 billion FLASH memory division. Mr. Winzeler served as President of our franchise operations, Yes! Solar, Inc. since January 2007. Mr. Todd Lindstrom, who served as President of Operations of our solar construction subsidiary, SPIC, Inc. since June 2006, will replace Mr. Winzeler as President of Yes! Solar, Inc. Franchise Operations and brings 20 years of combined experience in the sales, construction, franchise and financing arenas.
Additionally, Mr. Eric Hafter has been appointed as President, SPIC, Inc., our construction subsidiary. Previously, he was the Senior Director of a consulting business focusing on all aspects of the solar industry. Prior to that he served for over ten years on the board of directors for PowerLight Corporation, where he joined the senior management team as General Manager of European Operations in 2004 and spearheaded PowerLight’s entry into Germany and Southern Europe. Accomplishments during his tenure include the completion of the world's first ten megawatt PV plant and the development of three major solar power plants located in Germany. In 2005, Mr. Hafter’s team managed the site development and negotiated the sale of an eleven megawatt solar power park to General Electric Energy Finance, which during 2007 became the world's largest PV output system. Collectively, Mr. Hafter’s experience includes over 25 years of developing large scale renewable energy and commercial property projects, including retail shopping, commercial and residential projects.
“We are very pleased with these additions and changes to our Senior Management team," stated Steve Kircher, CEO and Chairman of Solar Power, Inc. “As our Company continues to evolve we will evaluate ways to further improve our organization. Jeff Winzeler has proven himself as a CFO with a strong financial acumen for rapidly growing companies with both manufacturing and China based operations. We are appreciative of Jeff’s contributions in getting our franchise model launched and believe Todd Lindstrom is ideally suited to continue development of that operation. Additionally, we are extremely pleased to have Eric Hafter join our company. His broad based experience and expertise in renewable energy and commercial property development are ideally suited to help us achieve our goals as we continue to sign large contracts and grow our business during 2008 and beyond."
US GEOTHERMAL INCORPORATED (OTCBB: UGTH)
"Up 6.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UGTH.php
U.S. Geothermal, Inc., a development stage company, engages in the development of geothermal properties in the Pacific Northwest. It owns interests in two locations, including the Raft River area located in southeastern Idaho, and the Neal Hot Springs area located in eastern Oregon, near the Idaho/Oregon border. The Raft River geothermal project consists of ten parcels comprising 783.93 acres of fee land and 4,736.79 acres of contiguous leased geothermal rights. The geothermal project at Neal Hot Springs in eastern Oregon consists of 8.5 square miles of geothermal energy and surface rights. The company was founded in 2002 and is based in Boise, Idaho.
UGTH News:
December 28 - U.S. Geothermal Completes Construction at Raft River
U.S. Geothermal Inc. (OTCBB: UGTH) ("U.S. Geothermal") (Toronto: GTH), a renewable energy company focused on the production of electricity from geothermal energy, announced a progress update on the company's Unit One geothermal power plant at Raft River, Idaho.
Construction activities associated with the Unit One plant were completed this month when the power plant contractor, Ormat Nevada, achieved substantial completion under the terms of the engineering, construction and procurement contract. The plant operated under a test phase of power production from October 18 to 23. After a number of start-up mechanical issues were successfully addressed, the plant was restarted on November 22 and is continuing operations. Plant operations are dependent upon maintaining a sufficient pressure regime in the production wells. The operating staff continues to learn about each well's capabilities and the relationship of injection pressure to production. The test phase is ongoing to allow for a fuller understanding of the geothermal resource capability. The net electrical power output of the plant is currently between 8 and 9 megawatts. With four production wells in operation, the maximum and minimum gross electrical output achieved by the plant to date was 14.4 and 9.5 megawatts respectively. The maximum and minimum net electrical output achieved by the plant to date was 9.4 and 7.1 megawatts respectively. The output of the plant is being sold to Idaho Power Company and sales are limited to 10 megawatts average per month under the terms of the existing power purchase agreement. The plant is designed to produce an annual average net output of 13 megawatts.
Test power sold during this period is being purchased by Idaho Power Company under the terms of a 10-megawatt Public Utility Regulatory Policies Act ("PURPA") contract. Full energy prices will be paid when the plant achieves commercial operations. Delays caused by mechanical issues have extended the date when commercial operation will be achieved to within the next fifteen days. Pending approval by the Idaho Public Utility Commission, a recently executed full-output contract is expected to take effect and replace the existing 10-megawatt PURPA contract. Currently, four production wells and three injection wells are in service to the power plant. To achieve full output under the pending new contract, a number of technical issues are being addressed including installation of the fifth production well, evaluation of total injection well capacity and modeling of the resource pressure and temperature regime.
QMED INCORPORATED (NASD: QMED)
"Up 6.25% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/QMED.php
QMed, Inc., together with its subsidiaries, provides evidence-based clinical information management systems to health plans and government in the United States. Its system incorporates disease management services to patients and decision support to physicians. The company offers ohms|cvd, a cardiovascular disease management system, which assists in managing cardiovascular conditions, including coronary artery disease, stroke, heart failure, hypertension, hyperlipidemia, and the cardiovascular complications of diabetes. QMed also provides Special Needs Plans for chronically ill Medicare beneficiaries in South Dakota; and a program for healthy weight and lifestyle management. In addition, it engages in the production, sale, and support of a line of ischemic heart monitors and a system that analyzes heart rate variability under the name, Monitor One nDx. Further, QMed operates a Medicare Demonstration to test the feasibility of reimbursing its care coordinated DM services in the Medicare fee-for-service program. It has partnership with HealthPartners CareSpan. The company was incorporated in 1983 and is based in Eatontown, New Jersey.
QMED News:
December 27 - QMed, Inc. Announces the Termination of Its New Jersey Special Needs Plan
QMed, Inc. (NASD: QMED) announced that its subsidiary, QMedCare of New Jersey, Inc., is concluding its involvement in the Special Needs Plan in New Jersey. The Company is working closely with the New Jersey Department of Banking and Insurance and the Centers for Medicare and Medicaid Services (CMS) to have an orderly wind down of the operations of the New Jersey Special Needs Plan.
The Company is continuing the process of refocusing efforts on its disease management business and government demonstration projects.
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