Our Stocks to Watch today include IAHL Corporation (OTC: IAHL), Laidlaw Energy Group, Inc. (OTC: LLEG), Ariel Way (OTCBB: AWYI), Commerce Planet, Inc. (OTCBB: CPNE)
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IAHL CORPORATION (OTC: IAHL)
"Up 38.24% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IAHL.php
The company holds major proprietary and technological patents for certain aircraft that, once implemented, will astound the aircraft industry; the target market of the company is the under-served rural areas of the world. The company's current share structure is as follows: authorized Shares (70,000,000), preferred shares (20,000,000), common shares (50,000,000), current common shares outstanding (7,300,000). The company does not intend to change the capital structure of the company in any fashion, except the possible reduction of authorized common shares to better reflect and bolster the true value of the company, its assets and business operations.
IAHL News:
January 9 - IAHL Corporation Updates Its Acquisition Announcement of the Aircraft Manufacturer Contract — It Will Now Include Real Estate Owned
IAHL Corporation (OTC: IAHL) announced that it has reviewed its contract and it includes the acquisition of the real estate owned by the airline manufacturer.
The company, besides acquiring the aircraft manufacturer, will also acquire the buildings and land associated with the company. This will be a separate deal requiring bank approval; IAHL is confident that approvals will be received.
The property includes access to a landing strip with a full-time control tower staff and other assorted amenities conducive to the aircraft industry.
LAIDLAW ENERGY GROUP (OTC: LLEG)
"Up 27.27% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LLEG.php
Laidlaw Energy Group (LLEG) is engaged in the development of independent power plants that generate electricity from renewable resources. LLEG's mission is to build and manage a profitable portfolio of renewable energy facilities through the development of new facilities and acquisition of existing facilities. LLEG is headquartered in New York, New York. For more information on LLEG, please visit our website at www.NYENRG.com.
LLEG News:
January 9 - Laidlaw Energy Files $10 Million Federal Lawsuit Against Town of Ellicottville, NY; Seeks Judgment to Operate Cogeneration Facility
Laidlaw Energy & Environmental, Inc., an affiliate of Laidlaw Energy Group, Inc. (OTC: LLEG) announced today that it has filed a lawsuit against the Town of Ellicottville, New York, with the U.S. District Court for the Western District of New York. The lawsuit seeks, among other relief, $10 million in monetary damages, a declaratory judgment that Laidlaw is entitled to continue operating its Ellicottville cogeneration facility, an order declaring the Town’s denial of Laidlaw’s application for a Modified Site Plan Approval is unconstitutional and/or otherwise illegal and void, and directing the Town to approve said application, and an award of Laidlaw’s attorney’s fees and other costs incurred in prosecuting the lawsuit.
As detailed in the complaint, among other things, Laidlaw alleges that the town has violated Laidlaw’s due process rights by rendering an arbitrary and capricious decision on its permit application and has also deprived Laidlaw of its Constitutional Equal Protection rights as a result of the town’s improper and selective actions toward it.
The lawsuit comes after a more than three year process before the town where Laidlaw sought approval to modify the site plan for its cogeneration facility in order to modify the fuel source of its plant from natural gas to clean wood biomass. Laidlaw has received all necessary approvals from the state and Federal government to operate the facility, which is on an industrially zoned site next to other industrial businesses, and has existed at its current location and operated since 1991.
A copy of the complaint can be viewed on Laidlaw’s web site at www.GreenEnergyFacts.com.
The Laidlaw Energy Ellicottville, NY facility is an innovative combined heat and power project that will generate electricity for export to the grid from clean wood chips and also generate heat and steam that will be used by Laidlaw’s Quality Lumber Services affiliate to custom kiln dry hardwood lumber. Laidlaw has received a $1 million grant from the New York State Energy Research & Development Authority due to the innovative nature of the project, as well as the environmental and economic benefits to the region. The project is expected to create 25 direct jobs and substantial indirect jobs associated with wood chip procurement and transportation.
ARIEL WAY INCORPORATED (OTCBB: AWYI)
"Up 28.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AWYI.php
Ariel Way, Inc. operates as a technology and services company for global communications, multimedia, and digital signage solutions and technologies. It develops and deploys solutions for business television, digital signage, and interactive media delivered over a combination of satellite, terrestrial, and wireless local networks. The company's digital signage service includes technologies using LCD television and plasma screens to deliver video based messaging directly to consumer audiences. Its integrated multimedia services include music radio, video, and Internet protocol based file transfer for training/catalogs/point of sale integrated with other information to the clients. Ariel Way serves finance-oriented services companies primarily in United Kingdom. The company is headquartered in Vienna, Virginia.
AWYI News:
January 9 - Ariel Way, Inc. Updates on Syrei Holding UK, Ltd. Acquisition
Arne Dunhem, Ariel Way (OTCBB: AWYI) president and CEO, said, "A number of shareholders have recently called or sent me emails asking about the progress of the Syrei, Ltd. acquisition. I can indicate that we have good progress with the due diligence activities and other activities required for a successful transaction. We have had a short delay in the process but are still anticipating an early completion of the transaction. In addition there are several other strategic agreements that are being completed. We will provide more announcements going forward."
COMMERCE PLANET INCORPORATED (OTCBB: CPNE)
"Up 17.24% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CPNE.php
Commerce Planet, Inc. is an online media, marketing, and integrated e-commerce provider that offers media products, lead generation services, list database management, e-commerce solutions, Web marketing, call center support, and CRM tools worldwide. Its solutions address the needs of small ? medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients. The company offers turn-key business solutions through Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and E-Commerce Dashboard System to its client partners, as well as through its own direct selling businesses. It also provides a range of services, including graphic design, printing services, data merge, mailing, and finishing, as well as various fulfillment services, such as assembly, pick and pack, mailing and warehousing, and inventory management services. Further, the company designs and implements technology for secure electronic payment modules, advanced content search tools, and secure data hosting. Commerce Planet was formerly known as NeWave, Inc. and changed its name to Commerce Planet, Inc. in 2006. The company is headquartered in Goleta, California.
CPNE News:
January 9 - Commerce Planet Completes a 6% Stock Buy-back and Authorizes an Additional $2 Million Buy-back Program
Commerce Planet, Inc. (OTCBB: CPNE) announced that its Board of Directors has authorized a new stock repurchase program to extend to June 30, 2008. The new authorization will allow the Company to repurchase an additional $2 million of the Company's common stock from time to time in open market or privately negotiated transactions.
Under the first stock repurchase program, in effect from November 2006 to December 31, 2007, the Company repurchased a total of 3.02 million shares, or approximately 6.2% of the Company’s 48,637,252 million outstanding shares, reducing the number of outstanding shares to 45,616,252 as of December 31, 2007.
"We continue to feel that our stock is undervalued in the marketplace," stated Tony Roth, Chief Executive Officer. "We strongly believe in the long-term value of our Company’s business and the outlook for 2008. The Board believes that, in addition to potential asset acquisitions, we can further enhance shareholder value through a larger stock repurchase program and the opportunistic acquisition of our stock from time to time as the Company deems appropriate.”
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