Our Stocks to Watch today include Quest Minerals & Mining Corp. (OTCBB: QMNM), International Building Technologies Group, Inc. (OTCBB: INBG), AmeriResource Technologies, Inc. (OTCBB: ARRT), Black Dragon Resource Companies, Inc. (OTC: BDGR)
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QUEST MINERALS & MINING CORPORATION (OTCBB: QMNM)
"Up 7.14% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/QMNM.php
Quest Minerals & Mining Corp. engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It owns leasehold interests in various coal properties in eastern Kentucky. The company was founded in 2003 and is based in Paterson, New Jersey.
QMNM News:
January 4 - Quest Minerals & Mining Announces Letter of Intent with Powell Branch Energy
Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt: QMNB), a Kentucky based operator of energy and mineral related properties, announced its intent on a joint venture with Powell Branch Energy coal properties in southern Kentucky.
The initial project would encompass 1,400,000 tons of coal reserves from the Elkhorn # 3 coal seam structured through a lease agreement to mine property held by Powell Branch Energy.
Quest CEO Eugene Chiaramonte, Jr. said, “This relationship continues our expansion and diversification program previously announced to help increase shareholder value and diversify our current properties. The Elkhorn # 3 seam has proven to be one of the most accessible coal seams in Eastern Kentucky with seam heights ranging between 55 to 60 inches. The additional reserves from this project can be reopened and ready to mine without any rehab. As soon as the permits could be transferred, production would take place in early 2008 with a potential result of 30,000 tons per month.“
The company is currently raising capital to adequately pursue this opportunity, and any such expansion by the company will depend on the company's ability to attract new investment capital to support the potential growth into these sectors.
INTERNATIONAL BUILDING TECHNOLOGIES GROUP (OTCBB: INBG)
"Up 98.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/INBG.php
International Building Technologies Group, Inc. engages in the manufacture and sale of building panels used in construction worldwide. It also provides site planning, architectural and engineering services, contractor services, materials, equipment, training, and supervision. The company is based in Alameda, California.
INBG News:
January 4 - International Building Technologies Group, Inc. Signed a MOU to Acquire a Machinery Manufacturing Co. With USD 3.9 Million Worth of Assets
International Building Technologies Group, Inc. (OTCBB: INBG) announced that it has recently entered into a Memorandum of Understanding (MOU) to acquire a machinery manufacturing company in Wuhan, Hubei Province of China. The Hubei InteWufeng Machinery Co., Ltd. currently offers several lines of equipment, but its machining capabilities can be retooled to manufacture the panel production manufacturing systems that IBT will utilize in several planned projects in China and other countries.
The signed MOU has specified the basic terms of a Final Agreement to acquire the machinery manufacturing company following due diligence and financial review by both companies. Financial information provided by the Hubei InteWufeng Machinery Co., Ltd. states the company currently has assets worth RMB 28.5 million (US Dollar 3.9 million approx.) and generated revenue of RMB 30 million (US Dollar 4.1 million approx.) in the year of 2007.
Stated Kenneth Yeung, CEO of International Building Technologies Group, Inc., “This potential acquisition would give IBT the ability to manufacture its proprietary equipments of panel production machinery. The Hubei InteWufeng Machinery Co., Ltd. currently has state of the art tool and machining systems, experienced engineers, design capabilities for new lines of equipment as well as strong service and after-sales support. Strategically, this acquisition would strongly support IBT’s ability to supply the market for building panels in China and throughout the world.”
The acquired company is located in Wuhan, Hubei Province of China. It is a machinery factory that manufactures equipment, production lines and heavy equipments for mineral refinery in China. It has been one of the key players in the same type of equipment manufacturing industries for the last decade. For further information of The Hubei InteWufeng Machinery Co., Ltd., visit www.ytwf.com.
For more information on International Building Technologies Group, Inc. visit www.ibtgi.com.
AMERIRESOURCE NEW (OTCBB: ARRT)
"Up 40.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ARRT.php
AmeriResource Technologies, Inc., through its subsidiaries, operates online auction drop-off locations that enables online sale of goods on eBay. As of March 31, 2007, the company operated 8 drop-off locations, as well as 25 affiliate locations. It also develops self-serve/checkout systems that enable customers of fast-food and take-out restaurants to place their food and beverage orders and pay with cash or a credit/debit card; and provides software design and product development for commercial business users doing business on eBay. The company also provides eBay liquidation services for excess inventory, overstock items, and merchandise that has been returned to the retailer; and conducts sales on eBay for the customers. In addition, it provides voice over Internet protocol (IP) communications solutions and IP communications devices. The company was incorporated in 1989 and is based in Las Vegas, Nevada.
ARRT News:
January 4 - AmeriResource 2007 4th Quarter Sales Increase Significantly
AmeriResource Technologies, Inc. (OTCBB: ARRT), a diversified holding company announced today that its revenues (unaudited) for its subsidiaries, BizAuctions, Inc., AuctionWagon Inc., and RoboServer Systems Corp., for the quarter ending December 31, 2007, has increased approximately 363%.
"For the quarter ending December 31, 2007, revenues have increased to approximately $1,033,131 from approximately $223,123 for the corresponding quarter in 2006. The increase in revenues is attributed to the core management team and staff in each of the companies as well as the strong growth in the business model of BizAuctions, Inc. The Companies have made significant progress in increasing gross profits and reducing expenses however have not achieved net profits after General and Administrative expenses," noted Delmar Janovec, CEO of AmeriResource.
"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. Management has worked diligently to bring in new commercial clients who recognize the Company's commitment to provide a quality service for the client. BizAuctions consigns, buys inventory, and liquidates through eBay," continues Janovec.
"AuctionWagon is one of the leaders in the auction-consignment software management systems and operations. After opening one of the world's very first eBay drop-off stores, AuctionWagon's team of retail experts and former software developers from Microsoft and eBay developed a software platform, the Store Manager Pro [G2], which has revolutionized the way merchandise is offered for sale to the world on eBay. AuctionWagon is both an eBay Certified Developer and eBay Trading Post that has the insider expertise and proven ability to lead the industry," comments Janovec.
"RoboServer Systems Corp., developer of the revolutionary Self-Serve System that enables quick-service restaurant customers to process their own orders on a touch-screen kiosk has made significant progress in 2007 with the development of its 'Assisted Server-CT-MY1,' dual screen counter top unit, and the establishment of two new divisions within the Company, 'LineBuster' and 'iOrder.' We anticipate being very busy in 2008 with the development of the 'Assisted Server-CT-MY1' and the establishment of RoboServer's two new divisions, 'LineBuster' and 'iOrder,'" concluded Janovec.
For additional information on the subsidiaries, visit their website at http://www.bizauctions.com/, http://www.auctionwagon.com/, and http://www.roboservercorp.com/.
The Company encourages the public to read the above information in conjunction with its year-end 10-KSB for December 31, 2006, and the third Quarter 10-QSB for September 30, 2007. The financial statements can be viewed at http://www.sec.gov/.
BLACK DRAGON RESOURCE COMPANIES (OTC: BDGR)
"Up 41.03% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BDGR.php
Black Dragon Resource Companies, Inc. engages in the acquisition, development, production, and sale of oil and gas, and natural gas properties in the United States. It produces oil and natural gas from marginal stripper wells, whose production has slowed to 1/2 barrels of crude oil per day or less. The company was incorporated in 1996 as Vita Health, Inc. and changed its name to Vita Warehouse Company, Inc. in 1999. Further, it changed its name to Texas Diversified Distributors, Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to Black Dragon Resource Companies, Inc. in December 2004. Black Dragon Resource Companies, Inc. is headquartered in Oil City, Louisiana.
BDGR News:
January 3 - Black Dragon Announces Significant Further Progress on the Joint Venture Funding Negotiations
On January 2, 2008, Mr. Joe Lanza, President of Black Dragon Resource Companies, Inc. (OTC: BDGR) announced that negotiations with a Joint Venture Funding Partner, as previously announced last week, were close to being completed.
Mr. Lanza reiterated that the Funding Joint Partner has agreed to provide the Joint Venture with a significant investment of at least $100,000,000. He added that the Joint Venture Partner had just confirmed to its satisfaction that the Company's oil and gas reserves have a value of at least $2.7 billion dollars and that it was prepared to move forward with the transaction, subject to finalization of its audit, which should be completed within a week.
Mr. Lanza also reported that the Joint Venture Partner and the Company had agreed in principle to all terms of the Joint Venture Agreement, the completion of which is now subject only to Counsel's review.
Further, and perhaps most significant, Mr. Lanza reported that he had met with the proposed new management team who, according to Mr. Lanza, has the extensive experience in both oil and gas technology and in production management to ensure the success of the Joint Venture and the full and proper development of Black Dragon's extensive resources.
Mr. Lanza concluded by stating that he was most impressed with the proposed management team and upon the Funding of the Joint Venture and the finalization of all details of the Joint Venture that he believed his goal for the Company would have been realized and that he would promptly resign. All Black Dragon shareholders, he concluded, will be greatly benefited by the new Joint Venture structure, and with the expansion of Black Dragon operations, which could only increase shareholder value.
Management believes that all details of the Joint Venture will be finalized prior to the Annual Meeting on January 16, 2008, so that the matter could be considered by the Stockholders at that time.
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