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Mortgage Assistance Center Corporation (OTCBB: MTGC) Up 50.00% on Wednesday
Detailed quote: http://beaconequityresearch.com/MTGC
January 02, 2008 - Mortgage Assistance Center Corp. Acquires a Residential Pool for $3.3 Million
Mortgage Assistance Center Corporation (OTC Bulletin Board: MTGC) (the "Company"), headquartered in Dallas, announced today the acquisition of a $3.3 million pool of residential assets.
Ron Johnson, the Company's President and CEO, said, "Our recent agreement this past October with a large Dallas-based investment fund, which provided for up to what is now $75 million in funding, has positioned us to take advantage of the many opportunities like this one in the distressed sub-prime market. We're ready to do business. We have the funds, the infrastructure, and an experienced, professional staff that's ready to handle additional acquisitions."
This residential pool has properties in 12 states and is the second multi-million dollar acquisition since October.
GTREX Capital, Inc. (OTCBB: GRXI) Up 40.00% on Wednesday
Detailed quote: http://beaconequityresearch.com/GRXI
January 02, 2008 - 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."
Vista International Technologies, Inc. (OTCBB: VVIT) Up 38.46% on Wednesday
Detailed quote: http://beaconequityresearch.com/VVIT
January 02, 2008 - Vista International Technologies, Inc. Updates Business Activities in China
Vista International Technologies, Inc. (VVIT) is pleased to provide 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.
We do all this with the purpose of "reducing the carbon footprint one step at a time".
Paradigm Medical Industries, Inc. (OTCBB: PMED) Up 27.78% on Wednesday
Detailed quote: http://beaconequityresearch.com/PMED
January 02, 2008 - Paradigm Medical Industries Completes $1 Million Financing
Paradigm Medical Industries, Inc. (OTCBB: PMED.OB), the leader in glaucoma diagnostic and management devices, today 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%.
CHDT Corp. (OTCBB: CHDO) Up 15.38% on Wednesday
Detailed quote: http://beaconequityresearch.com/CHDO
January 02, 2008 - CHDT Corp. Receives Order From National Retail Chain
CHDT Corp., a Florida corporation (OTCBB: CHDO), announced today that its wholly owned subsidiary, Capstone Industries, Inc. (Capstone), has received its second STP order from a national automotive retailer with 1300 stores. The order consists of both tools and automotive accessories which are two product categories of distribution within the STP� program. Last November the company launched a line of over 35 STP� branded tools and automotive accessories and received its first order from a regional retailer in December. Both orders are scheduled to ship in the first Quarter of 2008.
The Capstone sales team (Oscar Martinez, John Argos, along with President, Reid Goldstein) has been traveling extensively, meeting with retailers and distributors nationwide, making initial presentations. The sales process starts with these first presentations which confirm buyer interest levels and follows with the new vendor setup process, and finally order(s) processing. The company is at various stages of the sales process in several territories across the country and announcements will be made upon receipt of firm purchase commitments.
"I'm pleased to see the products Capstone has developed over the past eight months are being positively received by the retail community and our sales teams are beginning to close retail programs. We invested heavily last year in product development and Capstone management and the results will begin to show in the first Quarter of 2008. The product development process and sales initiatives will continue over the next year as we continue to expand our product offerings and conduct meetings with retailers and distributors nationwide," said Stewart Wallach, CEO of CHDT Corp.
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