Our Stocks to Watch today include Cascadia Investments (OTC: CDIN), Sebastian River Holdings Inc. (OTC: SBRV), Ariel Way, Inc. (OTCBB: AWYI), North State Bancorp (OTCBB: NSBC), China VoIP & Digital Telecom Inc. (OTCBB: CVDT)
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CASCADIA INVESTMENTS (OTC: CDIN)
Detailed Quote: http://www.otcpicks.com/quotes/CDIN.php
Company Profile: http://www.otcpicks.com/cascadia-investments/cascadia-investments.htm
Cascadia Investments, Inc. (CDIN) is a publicly traded real estate company, focusing on selecting high-quality, multi-family and residential properties and managing them to provide a superior return rate. These properties are often financially distressed properties (pre-foreclosure, foreclosure, or bank-owed) and are priced at a discount. CDIN is experienced with producing a high rental income by buying, renovating, and then selling or holding real estate, depending on the current market.
Because CDIN is a publicly traded entity and have access to equity markets, it enjoys a competitive advantage over other companies operating in its geographical area. Many of these companies are similar to CDIN in style, but privately-held.
For the past ten years, Cascadia Investments, Inc. has focused its efforts in and around the Pacific Northwest, USA. The company has developed a network of contacts in the Seattle-Tacoma real estate market, while developing a reputation for improving neighborhoods. By renovating distressed properties, CDIN is able to provide safe and affordable residences to our neighbors, improving the quality of living in these areas. The company focuses on acquisition of older properties in residential areas, where market demand is on the rise and crime rates are falling. CDIN specifically targets neglected and abandoned homes and multiplexes that will produce better than average capital gains once they are renovated.
CDIN News:
January 15 - Cascadia Investments, Inc. Provides a Corporate Update
Cascadia Investments, Inc. (OTC: CDIN) is committed to building shareholder value by investing in well selected real estate assets and pro-actively managing each of the properties to increase cash flows and maximize return on capital. In the last year (2007), the company has completed over 2.7 million dollars worth of real estate transactions. This includes 11 properties with 21 rental units located in Seattle and Tacoma, WA.
"The last year was a good year for the company and we hope to not only double the size of our portfolio but to exceed it by 20% in 2008, thereby growing our asset base, boost revenues and increase shareholder value," stated Nazir Maherali, President and C.E.O. of Cascadia Properties, Inc.
SEBASTIAN RIVER HOLDINGS (OTC: SBRV)
"Up 8.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SBRV.php
Sebastian River Holdings Inc. is a holding company with the sole goal to build a portfolio of profitable investments. The company currently has large investments in foreign currency and two mergers. Sebastian River Holdings foreign currency portfolio currently consists of 1,000,000,000 Vietnamese Dong and 135,000,000 Iraqi Dinar. The price of the Dong has been frozen by The State Bank of Vietnam for the past 30 years, and with Iraq having the 3rd largest proven oil reserve and one of the world’s largest natural gas deposits Sebastian River Holdings feel these investments will increase dramatically in the near future.
SBRV News:
January 16 - Sebastian River Updates Shareholders on Dinar Investment
Sebastian River Holdings Inc. (OTC: SBRV), recently updated shareholders regarding developments in its Iraq Dinar investment.
Last week the Iraqi parliament took an important step to open the way for low-ranking members of Saddam's Baath party to reclaim government posts and pensions. The law is seen as a major step in Iraq's national reconciliation. The seismic piece of legislation had been demanded by the United States since November 2006 and represented the first legislative payoff for Bush's decision to deploy 30,000 additional troops to the country to quell violence.
"The passage of this law is another piece of the puzzle," stated Daniel Duffy, president of Sebastian River Holdings Inc. "We expect that this is the beginning of the final stage in the path of Iraq revaluing the Dinar."
The Company believes in the near future there will be a revalue of the Iraq Currency. It is the Company's opinion after doing its due diligence and public statements from Iraq's government officials, that the revalue could come in at between .82 and 1.00 per US Dollar. This would give Sebastian River Holdings a profit of between $192,000,000 and $235,000,000.
US Secretary of State Condoleezza Rice, in Iraq yesterday stated, "It is clearly a step forward for national reconciliation — a step forward for healing the wounds of the past — and it will have to be followed up by implementation that is in the same spirit of national reconciliation, I hope we will focus on what needs to be done, but also on how much has been done."
ARIEL WAY INCORPORATED (OTCBB: AWYI)
"Up 20.00% 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 16 - Ariel Way, Inc. Signs LOI to Acquire Lime Truck, Inc.
Ariel Way, Inc. (OTCBB: AWYI) announced that the company has signed a letter of intent to acquire Lime Truck, Inc., a Dallas, TX based out-of-home advertising company specializing in nationwide advertising, marketing and public relations campaigns based on mobile advertising trucks. The deal is expected to be accretive to Ariel Way's 2008 earnings with strong EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing within two months. The terms of the transaction were not disclosed.
"Lime Truck is an exciting and burgeoning out-of-home advertising company in a market that is poised to rapidly expand nationwide in the coming years," said Arne Dunhem, Chairman and CEO of Ariel Way. "The prospect of having direct access to this advertising operation and its nationwide major clients together with the expert team at Lime Truck is very strategic for us. We believe it will greatly support advertising on our planned Digital Signage Network."
"We look forward to working with the executive team at Ariel Way and to be part of enhancing its out-of-home advertising strategy," said Ms. Melody Mayer, COO of Lime Truck. "Our campaigns enable nationwide companies to build powerful brand awareness and give our clients maximum advertising exposure for their investment. We believe this will be critical for Ariel Way on this exciting business endeavor."
The Digital Signage Network is a new platform for companies to promote and advertise products and services to targeted audiences as they shop, work and play in malls, banks and other strategic locations.
Lime Truck operates advertising trucks in Dallas, TX and in several other cities nationwide with major advertising clients within telecommunications, airlines, automobiles, furniture chains, newspapers, and beverages. The business is to build powerful brand awareness, give clients the maximum advertising exposure for their investment, and to create the kind of results for our clients that build long-term relationships.
For more information about Lime Truck, call 972-475-1200 or visit http://www.limetruck.com/
NORTH STATE BANCORP (OTCBB: NSBC)
"Up 20.17% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NSBC.php
North State Bancorp operates as the holding company for North State Bank, which provides commercial and retail banking services to professional firms, professionals, churches, property management companies, and individuals. The company accepts checking, demand, savings, NOW, and money market accounts, as well as time deposits. It also offers commercial and consumer real estate loans, business loans, consumer loans, real estate construction and land development loans, installment loans, mortgage loans, and home equity loans. In addition, the company provides safe deposit boxes, savings bonds, wire transfer, brokerage services, and other associated services. As of March 31, 2007, it operated six offices in Raleigh, Garner, and Wilmington, North Carolina. The company was founded in 2000 and is headquartered in Raleigh, North Carolina.
NSBC News:
January 14 - North State Bancorp Reports 2007 Results
Assets grew $93 million or 20.4%
For the year ended December 31, 2007, North State Bancorp (OTCBB: NSBC) (the "Company"), the holding company for North State Bank, reported that total assets as of December 31, 2007 were $548.5 million, compared to total assets of $455.5 million at December 31, 2006, an increase of $93.0 million or 20.4%.
North State Bancorp reported net income of $3.1 million for the year ended December 31, 2007 compared to $3.3 million for the same period in 2006, a decrease of 6.1%. Net income per diluted share was $0.42 for the year ended December 31, 2007 compared to $0.46 for the same period in 2006. For the quarter ended December 31, 2007, net income was $610,000 or $0.08 per diluted share compared to $960,000 or $0.13 per diluted share for the same period in 2006. All per share amounts have been adjusted for the June 28, 2007 and August 14, 2006 stock splits.
Total deposits for North State Bank at December 31, 2007 were $457.3 million and total loans were $469.2 million, compared to total deposits of $402.1 million and total loans of $345.9 million reported at December 31, 2006, increases of 13.7% and 35.6%, respectively. The Company has no exposure to "subprime" loans.
"The making and funding of strategic decisions designed to help our growth in the future, combined with reserves related to our significant loan growth were the primary reasons for the decrease in net income in 2007 compared to 2006. Specifically, loan loss reserves related to the loan growth were $1.3 million greater than 2006. Furthermore, approximately 45% of this loan growth occurred during the last quarter during a period of time when the Federal Reserve reduced short term rates by 100 basis points.
"We are also pleased that we were able to open a new office in Downtown Raleigh and complete construction on our new office in Wilmington, while adding additional support personnel to improve our infrastructure for future growth. Our net interest margin remained the same in 2007 as in 2006, whereas it was a significant problem for many other banks. As such, with the other work we have done to position ourselves for the future, I am encouraged about the outlook for 2008 and beyond," said Larry D. Barbour, President & CEO.
"As we continue to focus on our chosen niches in our markets, we look forward to bringing this same focus to the Downtown Raleigh market and the Wilmington, New Hanover County area through our full service facility that opened January 7, 2008," Barbour added.
Founded in 2000, North State Bank is a full-service community bank, currently serving Wake and New Hanover counties through seven full-service offices at: Six Forks Road at North Hills, Falls of Neuse Road, Blue Ridge Road, New Falls of Neuse Road in Wake Forest and 16 Martin Street in downtown Raleigh, and Highway 70 West in Garner, and the intersection of Military Cutoff and Eastwood Roads in Wilmington, NC.
The information as of and for the quarter and year ended December 31, 2007 as presented is unaudited.
CHINA VOIP & DIGITAL TELECOM (OTCBB: CVDT)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CVDT.php
China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol telecommunications service in People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd. Through Jinan Yinquan, China VoIP is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its NP Soft Switch system in China and is currently in the testing stage of other Information Technology products. More information can be found at www.chinavoip-telecom.com.
CVDT News:
January 16 - China VoIP & Digital Telecom Inc. Announces Fourth Quarter and Full Year 2007 Results
Unaudited Diluted Earnings per Share of $0.03 for the Year and $0.01 for the Fourth Quarter; Unaudited 2007 Annual Revenue Reaches $6.2 Million, an Increase of 328%
China VoIP & Digital Telecom Inc. (OTCBB: CVDT) and its wholly owned subsidiary Yinquan Technology Inc., a leading provider of broadband telephone service, announced strong fourth-quarter and full-year 2007 financial and operational results.
For the fourth quarter of 2007, Yinquan reported earnings of $0.7 million, or $0.01 per share, compared with $(705,443), or $(0.01) per share, in the fourth quarter 2006.
For the year, Yinquan reported earnings of $1.7 million, or $0.03 per share.
Revenue for the quarter was a record $1.8 million, which represents a more than 200% increase over $0.6 million in the year-ago quarter. For the year, revenue was $6.2 million, or 328% above 2006 revenue of $1.45 million.
Kunwu Li, Yinquan CEO, said, "In 2007, we saw significant growth in our customer base and improvement in our financial results. We more than doubled our revenue to $6.2 million while expanding margins and improving our overall operating position. We have been profitable since the third quarter of 2007 and we will continue to enhance our profitability in 2008. Our cash position is very strong. Along with the additional $5 million fund we recently raised, we should be able to fuel our business expansion domestically and internationally through organic growth and/or mergers and acquisitions activity."
Mr. Li added, "We continue to make progress toward our goal of strong top line revenue and bottom line earnings growth throughout 2008 and beyond."
2008 Guidance:
* Fiscal Year 2008 Total Revenue: $16 million
* Fiscal Year 2008 EBITDA: $4.6 million
Yinquan signed new enterprise customers including Geely Group, Luneng Group and Ruihua Group during the quarter as it continued to benefit from the ongoing market shift to IP-based products and services among domestic enterprises.
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