Our Stocks to Watch today include Avistar Communications Corporation (NASD: AVSR), iVoice, Inc. (OTCBB: IVOI), Distributed Energy Systems Corp. (NASD: DESC), USA Uranium (OTCBB: USAU)
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AVISTAR COMMUNICATIONS CORPORATION (NASD: AVSR)
"Up 105.26% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AVSR.php
Avistar Communications Corporation develops, markets, and supports a suite of vBusiness video-enabled eBusiness applications in the United States, Europe, and Asia. The company offers networked video communications software and hardware products and services. Its products include applications for interactive video calling, content creation and publishing, broadcast video, and video-on-demand, as well as data sharing, directory services, and network management. Avistar Communications also provides various services for installation, design, and adoption of its video communications products. The company, through its subsidiary, Collaboration Properties, Inc., engages in the prosecution, maintenance, support, and licensing of the intellectual property that company develops. In addition, it provides software development, consulting, implementation, training, maintenance, and support services. Further, the company licenses its technology and patents to companies in the video conferencing market. Avistar Communications sells its system directly to enterprises primarily in the financial services industry. The company was founded in 1993. It was formerly known as Avistar Systems Corporation and changed its name to Avistar Communications Corporation in 2000. The company is headquartered in Redwood Shores, California.
AVSR News:
January 7 - Leucadia National Leads $7 Million Investment in Avistar
Company Insiders Invest $3 Million of Total to Fund Growth
Avistar Communications Corporation (NASD: AVSR), a provider of video-enabled unified communications solutions, announced that it concluded a financing round on January 4, 2008 of $7 million of convertible debt, led by Leucadia National Corporation (NYSE: LUK). Five of Avistar’s seven Directors, including its new CEO and its Chairman, were among the other investors who contributed $3 million of the total. Raising working capital to fund implementation of its new “go-to-market” strategies is a central element of Avistar’s turnaround strategy, as described by the company in a press release dated November 8, 2007.
“Avistar’s management is pleased to begin an association with Leucadia, which shares our confidence in the growth opportunities for our business. We believe the investment by Leucadia and a number of members of the Board and management is a strong validation of our new strategic initiatives, the significant structural changes that are now beginning to gain traction, recognition of the progress made by the new management team in a very short period of time, and the long-term earning potential of our intellectual property and product portfolio,” said Simon Moss, Avistar’s new CEO. “Leucadia’s investment track record, as evidenced by its 33% compounded annual growth rate in share price from 1978-2006, speaks volumes about its ability to identify successful long term investments that others miss. I believe Avistar will benefit greatly from its association with Leucadia and look forward to a successful and robust relationship.”
The notes are convertible into Avistar common stock after the first anniversary, and carry a 4.5% interest rate. The notes purchased by the investors have a conversion price of $.70 and a two year term. Avistar’s common shares closed at $.38 on Nasdaq’s Capital Market on Friday, January 4, 2008.
“Avistar has had a consistent annual growth rate in revenue and income from our licensing activities of greater than 40% over the last several years, owing to a sizable and highly monetize-able patent portfolio and field-tested product portfolio”, said Robert Habig, Avistar’s CFO. “We believe we are effectively positioned in terms of business strategy, existing clients demonstrating the value-added benefits and scalability of our products, and our technology portfolio, to address opportunities created by an accelerating unified communications market.”
ABOUT LEUCADIA NATIONAL CORPORATION
Leucadia National Corporation is a diversified holding company engaged in a variety of businesses, including manufacturing, telecommunications, property management services, gaming entertainment, real estate activities, medical product development and winery operations. The company concentrates on return on investment and cash flow to maximize long-term shareholder value. Leucadia National Corporation (LUK) is publicly traded on the New York Stock Exchange.
IVOICE INCORPORATED (OTCBB: IVOI)
"Up 30.77% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IVOI.php
iVoice, Inc., through its subsidiary Thomas Pharmaceuticals, Ltd., engages in the development and marketing of over the counter non-prescription healthcare products. It also involves in patent licensing. iVoice offers calcium-enriched, sugar free, and anti-gas antacid tablets targeted to travelers, executives, and baby boomers requiring antacid relief. The company, formerly known as Visual Telephone International, Inc., was incorporated in 1995. It changed its name to iVoice.com, Inc. in 1999 and to iVoice, Inc. in 2001. The company is headquartered in Matawan, New Jersey.
IVOI News:
January 8 - iVoice Enters into Technology Transfer Agreement with GlynnTech
GlynnTech will Market iVoice's Recently issued Patent, "Methodology for Talking Consumer Products with Voice Instructions via Wireless Technology" and Create DVD of the Potential Product
iVoice, Inc. (OTCBB: IVOI), announced that it has entered into a Technology Transfer Agreement With GlynnTech to market its recently issued patent, “Methodology for Talking Consumer Products with Voice Instructions via Wireless Technology.”
Jerry Mahoney, CEO of iVoice, Inc. said, “This invention enables users of new products to activate the speaking package of a new product, so there is no need to read instructions. For example, it provides for hands free, eyes free instructions while assembling new products, such as a bicycle, furniture, camera or other products.”
iVoice, Inc., with GlynnTech’s, Inc. assistance will develop a DVD of the patent’s capabilities, GlynnTech, Inc., will assist in the preparation of the script, production and editing of the product DVD and receive a credits on the DVD. GlynnTech, Inc. will be obligated to solicit licensing opportunities and or acquisition of the patent.
Ken Glynn, president of GlynnTech Inc., has been involved in licensing of a variety of technologies for more than thirty years Besides representing such diverse, successful products as the SuperSoaker® Watergun, and the RotoWrench®, Glynn has successfully licensed or sold more than thirty-four patents in the field of containers and packaging. He stated that this technology could eventually become a widespread method of using many consumer products.
DISTRIBUTED ENERGY SYSTEMS (NASD: DESC)
"Up 37.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DESC.php
Distributed Energy Systems Corp. designs, builds, and installs stand-alone and grid-connected electric power systems for industrial, commercial, and governmental customers. Its generating systems convert energy derived from wind, sunlight, oil, natural gas, diesel, and bio-fuels into electricity, using power generation technologies integrated with custom controls and power electronics. It sells its systems to grid-connected customers and to customers who need power solutions for remote locations or environmentally benign alternatives to centrally distributed electricity. The company also offers hydrogen generators, which utilize proprietary proton exchange membrane and electrochemical technology to produce hydrogen through the electrolysis of water, to domestic and international customers for industrial, utility, and research applications. It also develops additional technologies and products for the distributed energy market, including systems that provide backup power and energy storage, hydrogen generators that produce hydrogen for fuel cell vehicles, power network architectures that link diverse power generating sources, and advanced wind turbine generators. The company was founded in 1996 and is headquartered in Wallingford, Connecticut.
DESC News:
January 8 - Distributed Energy Systems Books Orders for 7 Advanced Wind Turbines
Distributed Energy Systems Corp. (NASD: DESC), an innovative leader in wind power technology, announced today it received orders for seven Northwind 100 wind turbines for use in Alaska and the Northeast region of the United States.
Four of the advanced 100 kilowatt wind systems were sold to the Alaska Village Electric Cooperative (AVEC), a utility responsible for providing power to 53 villages in Alaska. The other three wind turbines were ordered by Sustainable Energy Developments, Inc., (SED) an Ontario, NY-based company, currently developing wind projects with businesses, municipalities, residences, schools and farms in the Northeast.
Bud Cherry, chief executive officer of Distributed Energy Systems, said: "These important sales emphasize DESC's commitment to supplying state of the art, reliable, and cost effective wind turbines in extremely diverse environments. This latest follow-on sale to AVEC — their 15th through 18th Northwind units — is gratifying to us, underscoring once again this established customer's continuing satisfaction with the Northwind 100. We also welcome the partnership with Sustainable Energy Developments as we bring the Northwind 100 into the "lower 48" marketplace."
AVEC's four new Northwind 100 units are planned to be installed in its remote village diesel systems in Mekoryuk and Savoonga, which border the Bering Sea. In these wind-diesel applications, the Northwind 100 offsets the ever-increasing costs of diesel power generation. "In 2007, three Northwind 100 turbines provided over 20% of the electrical production for two interconnected villages on Nelson Island." said Brent Petrie, special projects manager for the Alaska Village Electric Cooperative. "That installation alone displaced approximately $85,000 in diesel fuel costs in 2007." Petrie said AVEC is evaluating the potential installation of wind turbines in up to 27 of the 53 communities it serves.
"The Northwind 100 will be a crucial part of SED's continued success in the Northeast," said Kevin Schulte, CEO and Co-Founder of SED. "The demand of projects requiring this size turbine matched with the respect we have for Distributed Energy Systems made the partnership and purchase of the three Northwind 100s a no-brainer."
With 100kW of rated power, the Northwind 100 was designed for use in wind- diesel applications, and more recently has been released as an alternative power generator for small businesses, commercial farms, small communities, schools and universities, and small corporate and industrial sites. The turbine uses gearless design and direct-drive architecture to deliver high energy capture and low maintenance requirements to a mainstream wind energy marketplace.
ABOUT ALASKA VILLAGE ELECTRIC COOPERATIVE
The Alaska Village Electric Cooperative is a non-profit electric utility, owned by the people it serves in 53 villages throughout interior and western Alaska. The AVEC service area is the largest of any electric cooperative in the world. Members come from many different cultures, speak different languages and some live hundreds of miles apart. The utility currently uses 150 diesel generators and purchases five million gallons to fuel annually to produce electric power throughout its service area.
ABOUT SUSTAINABLE ENERGY DEVELOPMENTS
Sustainable Energy Developments, Inc. (SED) develops wind projects with businesses, municipalities, residences, schools, and farms. SED also acts as the general contractor for decentralized wind project development throughout the northeast and currently is developing numerous projects in Massachusetts, in conjunction with the Massachusetts Technology Collaborative (MTC). SED and its principals have developed projects ranging from ten kilowatts to several megawatts, working with a wide variety of clients to determine appropriate wind turbine layouts based on wind resource assessment and analysis; negotiate interconnection points, agreements and financing arrangements; secure permitting and regulatory approval; and oversee project construction and maintenance.
USA URANIUM CORPORATION (OTCBB: USAU)
"Up 36.36% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/USAU.php
USA Uranium Corp is a US-based uranium mining company focused upon securing America's energy future, by becoming a near-term uranium producer in the United States. The Company is preparing to permit, drill and develop its uranium properties, with uranium production projected to begin in late 2008. USA Uranium Corp controls several historical uranium exploration and development properties in Utah, USA. Through the use of our uranium exploration team's geological knowledge and mining experience, the Company has acquired several advanced uranium properties. Our uranium identification team is comprised of some of the world's most respected uranium mining and exploration professionals. The collective experience of this eminent team gives the Company a significant advantage, sourcing and developing the product that will secure America's energy future. The Company's geological team has focused its property acquisition program primarily in the state of Utah. This region has historically been one of the most concentrated and prolific areas for uranium mining in the US. Utilizing our team's expertise as well as historical exploration data, we have been able to acquire properties that have already been the subject of previous exploration and development. The Company's exploration team mandate is to identify and acquire properties that demonstrate historical uranium resources, with potential for expansion, in close proximity to production facilities. The Company has successfully acquired several properties that meet our stringent criteria.
USAU News:
January 8 - USA Uranium CEO's 2008 Message
Only eight months have passed since USA Uranium (OTCBB: USAU) made its 2007 debut in the uranium mining industry. Our progress towards our goal of helping re-establish the dominance of America’s uranium mining industry and securing America’s energy future has been both substantial and rewarding.
The nuclear industry is growing around the world; uranium is becoming an extremely sought-after commodity. America was once a world leader in the development of clean electricity from nuclear power, as well as in the production of uranium to fuel its reactors. Today, as with oil, we are a huge net importer and are at risk of foreign governments controlling our access to uranium for our current and future needs.
It is the mission of USA Uranium to work diligently to, once more, make the US completely self sufficient in the production of uranium. We intend to do this in the safest and most environmentally sound manner from continental US properties, carefully located, so that they pose no risk to communities, families, and individuals. We all live in this Country together, and it is our responsibility to ensure our future generations will also enjoy it.
We have chosen our initial properties with extreme care and only from those areas where the resources can be extracted in an environmentally safe manner. We firmly believe that uranium exploration and mining should only be conducted only in areas where the rights and peaceful enjoyment of other’s property are not violated. We are exploring for uranium to help secure America’s energy future and protect our environment from additional greenhouse gasses.
The future of the USA Uranium program continues to look more favorable: increasing energy demand, skyrocketing oil prices, and alarm over greenhouse gasses are coming together as major long-term global issues. The world is turning to uranium to meet the growing demand for clean, sustainable, emission-free electricity and America is increasingly recognizing the need for supply from domestic deposits like USA Uranium’s.
Our high-quality properties in the US have the potential to address the increasing demand for uranium to generate emissions-free electricity in the US. Through our exciting initial exploration success in the US, we have established ourselves as the ‘new breed’ uranium company with a stated commitment of exploring properties in ecologically suitable areas. In addition to our two initial projects in the La Sal District of southeastern Utah, there is potential for further discovery on our Loa property in the Henry Mountain district of Utah, where there are strong indications of new areas of mineralization.
As the year advances and we continue to plan and prepare for the La Sal West project, and begin exploration on the other projects, our commitment to the best exploration practices and our focus on individual rights and environmental protection is paramount and will continue to guide all of our activities. This commitment is a primary component of who USA Uranium is as a Company, and is integral to helping us achieve success by ensuring that America is able to secure its energy future.
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