Our Stocks to Watch tomorrow include Wi-Fi TV Inc. (OTC: WTVN), Magnum d'Or Resources, Inc. (OTCBB: MDOR), Esprit Financial Group Inc. (OTC: EFGO), Akeena Solar, Inc. (NASD: AKNS), Vista International Technologies, Inc. (OTCBB: VVIT) and Paradigm Medical Industries, Inc. (OTCBB: PMED).
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WI-FI TV INCORPORATED (OTC: WTVN)
"Up 354.55% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/WTVN.php
Wi-Fi TV, Inc. delivers live TV channels and other video-based content through the Internet. It delivers media rich content, including movies, film clips, and electronic books in multiple delivery formats through its Web site, Wi-FiTV.com, as well as through other related Web sites. The company, formerly known as Kanakaris Wireless, Inc., was incorporated in 1991. Wi-Fi TV is based in Newport Beach, California.
WTVN News:
January 2 - New York Kicks Off New Year With Internet Technology Feat Brought to You by Wi-Fi TV
Web Users in Dozens of Countries View 100th Anniversary Ball Drop and Unite in Virtual Wi-Fi Party
Wi-Fi TV Inc. (OTC: WTVN) successfully delivered a live virtual party from Times Square on New Year's Eve to thousands of web users in dozens of countries, with live chat and an eight camera feed on www.Wi-FiTV.com (category: New Year) and www.Wi-FiNewYear.com. The event is also being repeated at the same location.
"With a last minute appeal from the popular web site TimesSquare.com to handle directed traffic, and close coordination with those on the ground in New York City, Wi-Fi TV delivered a high quality live picture and sound and live chat to a huge global audience. Wi-Fi TV kicked off 2008 with its single largest audience ever," said Keith Friedman, who handled technical production for Wi-Fi TV.
"Japan, Russia, England and the United States were among the countries where web users rang in the New Year with Wi-Fi TV," he concluded.
MAGNUM D'OR RESOURCE (OTCBB: MDOR)
"Up 170.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MDOR.php
Magnum d'Or Resources, Inc., a junior resource company, engages in the exploration and development of base and precious metal assets primarily in Mongolia. The company has an option to acquire 100% interest in the Shandi gold-copper property located in southeastern Mongolia that consists of approximately 20667 hectares, as well as the Khol Morit porphyry-copper gold property located in southeastern Mongolia. The company was founded in 1999 and is based in Ft. Lauderdale, Florida.
MDOR News:
January 2 - Magnum d'Or Resources Enters into Exclusive Licensing Agreement with Spreelast A.G. and Terminates Stock Purchase Agreement with Terra Elatomer S.L.
Magnum d'Or Resources, Inc. (OTCBB: MDOR) (the "Company") entered into an exclusive licensing agreement with Spreelast A.G. (hereinafter called "Spreelast") on December 21, 2007. Under this agreement, the Company will have the exclusive right to utilize present and future patents and trade secrets developed and utilized by Spreelast in the United States, Canada and China. The exclusive licensing agreement involves the techniques to produce thermoplastic elastomer (TPE) resembling Elastomeric Alloys: EA production through the use of old and waste rubber powder using a dynamically stabilized melt-mix process.
Magnum d'Or also terminated its previously announced Stock Purchase Agreement dated June 3, 2007 (the "Agreement") with the shareholders of Terra Elatomer S.L. ("Terra"). Consequently, the Company has cancelled the exchange of 63,200,000 shares of the Company's common stock for the purchase of Terra along with various other obligations affiliated with the Merger. This was done to allow for a new agreement that was mutually beneficial to both parties and substantially easier to integrate due to the complexities of multinational entities and obligations.
ESPRIT FINANCIAL GROUP (OTC: EFGO)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/EFGO.php
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
EFGO News:
January 1 - Esprit Financial Group Inc. Finalizes Good Life China Merger
Esprit Financial Group Inc. (OTC: EFGO) (www.espritfinancialgroup.com), DBA Good Life China (www.goodlifechina.com) announced that it has finalized and completed the acquisition of Hebei Haorizi Company Ltd.
Esprit CEO Garr Winters advised, "We are very pleased to make this announcement. This transaction was a complex one given the fact that Good Life is based in China, and under Chinese law, a Special Purpose Corporation (SPC) is required to facilitate the merge. We must thank Good Life CEO Dongmei Jia and the rest of her management team for working with us in a very harmonious way."
The Mina Mar Group (www.minamargroup.com) was also singled out as being of great assistance in structuring the deal, and helping set up the Belize based SPC and other US filings in a very efficient manner. Their consulting assistance on the regulatory requirements was pivotal to the success of this merger.
The transaction has been structured in the following manner:
Asia Pacific Enterprises Limited, a special purpose company incorporated in Belize, has completed the purchase of 100% of Hebei Haorizi Company Ltd. Asia Pacific has appointed Good Life management to act as officers and directors of the corporation.
Esprit Financial Group has completed the acquisition of 100% of Asia Pacific Enterprises Limited.
Winters added, "Good Life is now officially open for business as a public Company in North America. This is a very significant accomplishment, particularly in light of the complex legal process, and the tight time frame within which we have been able to complete all of the filings in 3 different jurisdictions.
"In order to complete these aforementioned transactions, together with the previously announced pending transactions the Company is undergoing a recapitalization process. The first step will see the Company issuing 1 share of Esprit for every 1,000 shares currently outstanding. This will be done by having the Company's Transfer Agent cancel all share certificates currently outstanding, and reissuing new share certificates to provide assurance that the public float accurately reflects the true share position."
AKEENA SOLAR INCORPORATED (NASD: AKNS)
"Up 43.84% on Wednesday"
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."
VISTA INTERNATIONAL TECHNOLOGIES (OTCBB: VVIT)
"Up 38.46% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/VVIT.php
Vista International Technologies, Inc., a renewable hydrocarbon-based waste-to-energy company, provides solutions to divert waste from landfills and clean alternative energy to municipalities and industries. It primarily focus on the proprietary patented technology, the Thermal Gasifier, which is a multi-stage gasification system used to convert hydrocarbon feedstock containing solids, such as used tires or tire-derived fuel, municipal and industrial solid waste streams, municipal sewage sludge solids, wood waste, and agricultural waste to a synthesis gas comprised primarily of hydrogen, carbon monoxide, carbon dioxide, and residual ash. The company's technology generates products, such as heat, electricity, and synthesis gas; and byproducts, such as carbon black, carbon dioxide, sulphur dioxide, nitrogen, and bottom ash. Its Thermal Gasifier technology is used in creating energy infrastructures; and building, owning, licensing, and operating hydrocarbon-based waste-to-energy plants. Vista International Technologies, Inc. also engages in tire derived fuel processing, which provides an alternative fuel supply from waste tires. The company was incorporated in 1996 as Ajax Reinsurance Limited and changed its name to Nathaniel Energy Corporation in 1999. Later, it changed its name to Vista International Technologies, Inc. in December 2007. The company is based in Englewood, Colorado. Vista International Technologies, Inc. is a subsidiary of Vista International, Inc.
VVIT News:
January 2 - Vista International Technologies, Inc. Updates Business Activities in China
Vista International Technologies, Inc. (OTCBB: VVIT) provided an update on the execution of its global development strategy with regard to its activities in China.
The company has been actively pursuing waste to energy projects in multiple provinces, as the combination of solutions available from VVIT and its parent company, Vista International, Inc. have been well received by Chinese officials. These solutions provide an opportunity to reduce waste from being disposed of in landfills and helps decrease their dependence on fossil fuels. Vista International, Inc. has established a representative office in China to handle the procedures involved with developing these projects.
VVIT believes that its Thermal Gasifier technology is a superior model for the conversion of waste to clean energy streams. Our gasifier system accepts a variety of feedstocks and converts them into various forms of clean energy. While the current state of negotiations precludes Vista from disclosing specifics of the projects, management believes it appropriate to provide a general update to investors with regard to the company's progress.
At the request of local officials in one northern city in China, the company has submitted a proposal and obtained a letter of intent for a project which would use its gasification technology to convert at least 2,250 metric tons daily of various waste materials (landfill waste, straw, manures, coal waste, etc.) to clean renewable energy. In addition, the company received signed letters of intent from two cities in southern China to implement similar waste to energy solutions based on the company's technology, and it is presently in discussions with four other Chinese cities that plan to implement waste to energy projects in the near future. The company plans to advance these talks, as well as finalize others, when members of senior management travel to China this month.
VVIT does all this with the purpose of "reducing the carbon footprint one step at a time."
PARADIGM MEDICAL INDUSTRIES (OTCBB: PMED)
"Up 27.78% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PMED.php
Paradigm Medical Industries, Inc. engages in the design, development, manufacture, and sale of technology surgical and diagnostic eye care products. Its diagnostic products include P55, P2200, and P2500 pachymetric analyzer; P20 and P2000 A-scan biometric ultrasound analyzer; P37, P37-II, and P2700 A/B scan ocular ultrasound diagnostic product; P40 UBM ultrasound biomicroscope; P45 UBM ultrasound biomicroscope; P60 UBM ultrasound biomicroscope; BFA ocular blood flow analyzer and disposables; CT 200 corneal topography system; LD 400 autoperimetry system; and TKS 5000 autoperimetry system. The company's products also comprise Precisionist Thirty Thousand and Photon laser, which have ocular surgery workstation with surgical equipment and disposables. Paradigm's surgical products are systems for use by ophthalmologists to perform surgical treatment procedures to remove cataracts. It markets its products through direct sales representatives, independent sales representatives, and ophthalmic product distributors in the United States, as well as through a network of dealers internationally. The company was founded in 1989 and is based in Salt Lake City, Utah.
PMED News:
January 2 - Paradigm Medical Industries Completes $1 Million Financing
Paradigm Medical Industries, Inc. (OTCBB: PMED), the leader in glaucoma diagnostic and management devices, announced it has completed the funding of $1 million through a group of institutional investors, headed by NIR Group (New York). A significant portion of the proceeds will be used to fund the introduction, marketing and distribution of new ophthalmic instruments and systems the Company plans to launch during the first half of 2008.
"We will also use proceeds to grow our domestic sales force, to increase direct and distributor sales force training, and to increase inventories," said Paradigm Medical's Chief Executive Officer, Raymond Cannefax. "Marketing our redesigned LD 400 Visual Fields and Blood Flow Analyzer(tm) (BFA) products and introducing new devices and systems into the ophthalmic market is one of our primary areas of focus in 2008."
Mr. Cannefax noted the Company already is filling a significant order for LD 400s for one of the largest optical chains in the United Kingdom, and has written commitments for additional LD 400 Perimeters from the same chain. "We had a threefold increase in our sales organization in late 2007 and will have a presence in additional metropolitan areas. The new funding will allow us to introduce new and updated diagnostic products and have a trained and highly competent sales force to market and distribute them in 2008," Mr. Cannefax added.
The funding involves the purchase of $1,000,000 in secured convertible notes by the investing group. The notes are to be purchased in traunches, with the first traunche of $250,000 and then monthly traunches of $100,000 each until a total of $1,000,000 in notes have been purchased. Paradigm Medical received the first $250,000 upon the signing of definitive agreements on December 24, 2007. The Company also is required to issue warrants to the noteholders to purchase a total of 15,000,000 shares of common stock at an exercise price of $0.001 per share.
Under the terms of the notes, the unpaid principal balance on the notes, together with accrued interest at 8% per annum, is due in three years from the date of issuance. The notes are also convertible by the noteholders at any time into shares of common stock. The conversion price of the notes is equal to the lesser of (i) $0.02 and (ii) the average of the lowest intra-day trading prices during the 20 trading days immediately prior to the conversion date discounted by 50%.
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