Dallas, TX 1/3/2008 1:28:57 AM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, January 2nd AKNS, JUNI, SLND, GRXI

Our Stocks to Watch today include Akeena Solar, Inc. (NASD: AKNS), Juniper Group, Inc. (OTCBB: JUNI), Solar Night Industries (OTC: SLND), GTREX Capital, Inc. (OTCBB: GRXI)

 

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AKEENA SOLAR INCORPORATED (NASD: AKNS)

"Up 39.32% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/AKNS.php

 

Akeena Solar, Inc. engages in the design, integration, installation, marketing, and sale of solar power systems for residential and small commercial customers in the United States. It principally focuses on the design and integration of grid-tied solar power systems, which are electrically connected to the utility grid so that excess energy produced during the day flows backwards through the utility's electric meter. The company also works on solar thermal or solar pool systems. It serves commercial customers, including schools, and housing and owner occupied businesses consisting of wineries and small commercial offices, as well as residential customers, including high-income professionals. Akeena Solar sells its products through print, Web, and radio advertisements, as well as through participation in industry trade shows, individual consultations with prospective customers, and sales force. The company was founded in 2001 and is headquartered in Los Gatos, California.

 

AKNS News:

 

January 2 - Akeena Solar Licenses New Solar Panel Technology to Suntech

 

Suntech to Distribute Andalay Panels in Europe, Japan and Australia

 

Akeena Solar, Inc. (NASD: AKNS), a leading designer and installer of solar power systems, announced that its state-of-the-art solar panel technology, Andalay, will be distributed in Europe, Japan and Australia under a license agreement with Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules.

 

The terms of the Licensing Agreement authorize Suntech to distribute Andalay in Europe, Japan and Australia commencing in January 2008. This Licensing Agreement is in addition to Suntech’s previous agreement to manufacture Andalay solar panels.

 

Andalay solar-panel technology was envisioned by Akeena’s CEO, Barry Cinnamon, after years of rooftop solar installation experience and customer feedback. “Andalay improves on conventional solar panels by including built-in wiring, grounding and racking designed to provide maximum rooftop performance for consumers while minimizing installation costs for solar system installers. The result is a rooftop solar power system with superior built-in reliability with outstanding aesthetics in an all-black, streamlined appearance,” said Barry Cinnamon. “Moreover, an installed Andalay system uses 70 percent fewer parts and requires 25 percent fewer attachment points than traditional solar systems, meaning better long-term performance.”

 

Len May, Suntech’s Managing Director of BIPV Products, said: “Akeena’s new Andalay technology will be a valuable addition to our growing portfolio of solar products and will help keep Suntech on the leading edge of solar technology innovation. Andalay is a significant innovation that directly addresses the need to reduce the cost of solar systems, and we are confident that there will be significant demand for this attractive and high performance solar solution in markets outside of the U.S.” Suntech targets sales of over 10MW of the Andalay solar panels to the licensed regions in 2008.

 

“We welcome this expanded collaboration with Akeena Solar to introduce this lower installed cost solution to international markets,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. “The innovative Andalay panel is the perfect complement to our product offering and a clear example of Suntech’s efforts to support and promote products that bring the industry closer to grid parity. This agreement will leverage Suntech’s product development expertise, flexible and low cost manufacturing base, and robust global sales and distribution channels to expand the availability of this important new solar innovation.”

 

“We are delighted Andalay will be available in select countries outside the United States through one of the world's leading manufacturers of solar cells and panels,” said Barry Cinnamon. “Suntech is the natural partner to license this technology given their role in co-developing and manufacturing the product, and their extensive international distribution channels that are among the strongest in the industry. Akeena Solar and Suntech also share a focus on quality and value. We are experiencing very strong demand for Andalay, and this licensing agreement with Suntech will allow us to meet our customer’s needs for Andalay outside of our direct channels in the U.S.”

 

JUNIPER GROUP (OTCBB: JUNI)

"Up 25.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/JUNI.php

 

Juniper Group, Inc., through its subsidiaries, provides broadband installation and wireless infrastructure services in the United States. Its services include deployment of wireless/tower systems; maintenance and upgrading of wireless telecommunications sites; and site surveys, co-location facilitation, tower construction and antenna installation to tower system integration, and hardware and software installations. The company offers its services primarily to telecommunication companies. Juniper Group also engages in the acquisition, exploitation, and distribution of rights to films for various media, such as DVD, domestic and international, satellite, home video, pay-per view, pay television, cable television, networks, and independent syndicated television stations. The company was founded in 1987 and is headquartered in Boca Raton, Florida.

 

JUNI News:

 

January 2 - Juniper Adds Two Major Clients to 4th Quarter Revenue

 

Juniper Group, Inc. (OTCBB: JUNI) (“Juniper”) a wireless communications contractor, specializing in tower erection, extension, modifications as well as cellular wireless, broadband and microwave system installations has contracted with Complete Tower Sources, Inc. Complete Tower Sources, Inc. (“CTSI”) provides services to the wireless industry throughout the Gulf Coast region. Its customers include the top four wireless operators, two of the most respected program management companies and various government entities. CTSI is a subsidiary of Charys Holding Company which provides telecommunications infrastructure and general business services though its subsidiaries. Juniper was awarded bids to work in Mississippi to provide technology upgrades, equipment modification, reconfiguration of lines and antennas and sweep tests. Based on the quality and timely delivery of work by Juniper to date in Jackson, MS, Juniper will look to CTSI to get involved with CTSI’s 300 tower upgrade in Louisiana and to assist in raw land site development for its new sites in the New Orleans, LA area in early 2008. The first phase of work in Jackson, MS has been completed, and has resulted in an additional $151,000 of revenue in the fourth quarter.

 

In addition, Juniper was awarded work in Florida and Georgia to provide the same services as it has for CTSI for Barran Telecom, a subsidiary of Israel’s engineering, construction and technology giant Barran Group – providing services to the global wireless telecommunications industry. It is estimated that this work will add approximately $160,000 of revenue in the fourth quarter. Juniper anticipates that it shall continue to provide Barran with the same quality and timely delivery in 2008.

 

Mr. Vlado P. Hreljanovic, Chairman, CEO and President of Juniper Group Inc., stated, “We anticipate that the demand for broadband installation and wireless infrastructure services will increase in the wireless broadband segment during 2008 through continued support of the tremendous growth in the cellular market and through a robust wireless industry in general. We anticipate that Juniper will show a growth in the fourth quarter of approximately $485,000 in revenue, a substantial increase over last quarter. Our work is in high demand, pushed by the proliferation of services now being added to cell phones and cable. We see both CTSI and Barran as good partners in 2008.”

 

“We are rebounding from the effects of the recent litigation that we commenced against disloyal former management in the United States District Court for the Eastern District of New York. The cost and distraction of this litigation has slowed our growth. However, recent capital raising and future support from our lenders have allowed us to increase our presence and take on new and larger contracts.”

 

SOLAR NIGHT INDUSTRIES (OTC: SLND)

"Up 11.76% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/SLND.php

 

Solar Night Industries, Inc. is a national Modern Energy Company that enables residential and commercial energy users to implement cost-effective, renewable energy solutions that help them reduce their dependence on traditional energy sources, reducing Co2 emissions. Solar Night Industries, Inc. is based in St. Louis, Missouri (USA). For more information, visit http://www.solarnightindustries.com/.

 

SLND News:

 

January 2 - Solar Night Industries Offers Unique Program to Jump-Start New Home Sales

 

Solar Night Industries (OTC: SLND), a renewable energy company formed to accelerate the adoption of Modern Energy Solutions, introduces the Solar Synapse(TM), a product, sales and marketing program designed to capitalize on the burgeoning demand for renewable energy alternatives among potential new homeowners. According to a recent Roper survey commissioned by Sharp Electronics Corporation, nearly 90 percent of Americans think that solar electricity should be an option for all new home construction. Three-quarters of survey respondents perceive solar power to be more important than ever, evidence that Americans recognize the value of solar as a modern, renewable form of energy.

 

The Solar Synapse Pre-Wire Kit is part of an overall program designed to empower homeowners to add energy efficiency in the future. The Kit, installed during construction, will prepare a new home for adding photovoltaic solar panels (electricity) at some future date. With new federal, state and local subsidies changing and the price of solar panels projected to halve in the next five years, the timing is perfect to make these new homes "solar ready" now. The program includes marketing materials to help the builder sell Pre-Wire Kits and provides a post-purchase activity for the new homeowner. After closing, new owners can go to the Solar Synapse (TM) site to register their kit. They will receive a copy of a "The Homeowner's Guide to Renewable Energy," plus they qualify to receive a Modern Energy Plan(TM) from SNI for their home. The revolutionary Modern Energy Plan(TM) is a customized plan that will tell them the cost to complete the total solar system, plus, educate the consumer regarding the incentives in their area.

 

"We feel the Solar Synapse(TM) is a unique solution for builders who seek to differentiate their business and attract the mainstreaming green market. Education is an important aspect of our business model and we believe this program teaches builders about the potential of using modern energy solutions as a best-practice, and educating the homeowner regarding their options," says Tim Corbet, CEO of Solar Night.

 

Solar Night is expanding the Solar Synapse(TM) product rollout via a network of Manufacturer's Representatives' from the building and renewable energy segments. For more information, go to http://www.solarsynapse.com/.

 

GTREX CAPITAL INCORPORATED (OTCBB: GRXI)

"Up 40.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/GRXI.php

 

GTREX Capital, Inc. conducts business in the travel industry. As of March 31, 2007, the company had one operating subsidiary, Global Travel Exchange, Inc., which offers Voyager Network travel distribution platform providing direct access to reservation systems of various travel suppliers, including airlines, cruise lines, hotels, car rental companies, and providers of other travel amenities worldwide. It searches for availability and price for the itinerary suggested by the buyer over various direct connected suppliers and global distribution systems; and presents the aggregated result in the format preferred by the buyer. The company was incorporated in 1999 and is headquartered in Temecula, California.

 

GRXI News:

 

January 2 - GTREX Capital Announces Appointment of Gary L. Halverson as Management Consultant in Advance of Planned Merger Transaction Involving International Green Brand

 

GTREX Capital, Inc. (OTCBB: GRXI), which recently signed an initial agreement to acquire 80% of the issued and outstanding shares of a company that is focused on the development of an internationally recognized green brand for sustainable tourism and additional environmentally conscious businesses, today announced the appointment of Gary L. Halverson, an experienced business professional with a background in general management, marketing, strategic planning, and sales in a broad range of market segments, as consultant to Steven R. Peacock, interim president/chief executive officer of the company.

 

Mr. Halverson's major focus will be to assist in the final due diligence gathering on all entities involved in the proposed merger transaction. The company expects to complete the majority of this due diligence work in the month of January 2008.

 

"Having served in the past on the company's Board of Directors, we are well aware of Mr. Halverson's capabilities and believe that he is an excellent fit to assist us as we complete the due diligence related to the proposed merger. Mr. Halverson has already begun his initial work on behalf of the company, and we look forward to the results of this and any additional projects that may be assigned to him," stated Mr. Peacock.

 

"The magnitude and future potential of the international green brand targeted by GTREX Capital is so significant that we are marshalling all the resources necessary to complete the agreements required to close the transaction, even as we concurrently plan for the future of the post-close public company," Mr. Peacock added.

 

Mr. Halverson commented, "I am very excited to again be involved with GTREX Capital, especially in light of its planned merger. The information I have seen thus far has been tremendously encouraging, and I look forward to seeing this transaction though to its successful completion."

 

Visit www.gtrexcapital.com/investor.php to subscribe to the company's email alert system and receive information directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed.

 

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