Our Stocks to Watch today include Copper King Mining (OTC: CPRK), Bolivar Mining Corporation (OTC: BOLV), Capstone Turbine Corporation (NASD: CPST), Delphi Corporation (Other OTC: DPHIQ), Revenge Designs, Inc. (OTC: RVGD)
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COPPER KING MINING (OTC: CPRK)
Detailed Quote: http://www.otcpicks.com/quotes/CPRK.php
Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.
CPRK News:
January 15 - Copper King Mining Corporation Signs Letter of Intent to Acquire Western Utah Copper Company
Copper King Mining Corporation (OTC: CPRK) announced that the company has entered into a letter of intent to purchase 100% of Western Utah Copper Company which is located in Milford, Utah. The strength of the transaction is based on a combination of factors which will bring the two companies together and provide for a change of management and board of directors to Copper King Mining Corporation.
The assets of Western Utah Copper Company are very extensive. The company holds approximately 90,000 acres of mining claims and a complete line of Caterpillar Mining equipment including their own processing mill which is near completion. The mill upon its completion is expected to process 2500 tons of ore per day, recovering 50-65,000 pounds of Copper per day plus Gold and Silver. The properties mineralization consists of Gold, Silver, Copper and other metals such as Tungsten and Molly.
Western Utah Copper Company currently employs upwards of 60 people including geologists, engineers, management, construction personnel and miners. The company is currently removing overburden from the ore body on several acres of their property. The company has removed a combined 1,600,000 tons of over burden and ore, and has stock piled 200,000 tons of ore in preparation of the completed mill. Upon the signing of the definitive agreement between the two companies, management will change and Mr. Mark Dotson of Western Utah Copper Company will become the President and CEO of Copper King Mining Corporation. Mr. Dwaine Allred will step aside and become a member of the board of directors.
The new company will keep the name Copper King Mining Corporation and the stock will not be reversed in this merger.
BOLIVAR MINING CORPORATION (OTC: BOLV)
Detailed Quote: http://www.otcpicks.com/quotes/BOLV.php
Company Profile: http://www.otcpicks.com/bolivar-mining/bolivar-mining.htm
Company Overview
Bolivar Mining Corp, (BOLV or BMC) is a metals mining and exploration company engaged in global mining projects in over seven countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably or have overlooked, thus allowing access to bring rich mineral reserves to the global market.
In a world beginning to starve for natural resources, Bolivar Mining Corporation (BMC) provides those mineral resources by exploring for and developing needed industrial and strategic mineral deposits that the larger companies cannot economically develop, due to their size and costs of operations. BMC currently has the mining rights to a number of industrial and strategic mineral deposits located on three continents and in over seven countries.
Projects:
Canada - Several projects are being evaluated for their metals potential and or are in the process of negotiating for the rights to mine gold, silver, and platinum group metals.
Ecuador - BMC is reviewing materials to begin exploration of a significant Carnotite deposit which will yield uranium and vanadium metal.
Peru - This country currently has the largest number of mining projects under evaluation, with a total of eight, ranging in metals from gold, silver and platinum to the uraninite group minerals.
Chile - BMC is in the process of developing an exploration program for several high-grade metal ores prospects.
Afganistan - BMC is exploring the opportunity to acquire several significant, high-grade iron ore deposits.
Pakistan - BMC is currently evaluating two high-grade metal ore deposits located in Pakistan. One is a high potential chromium deposit and the other is a high-grade iron ore deposit.
China - BMC is negotiating a joint-venture with our Chinese partner to develop gold and silver deposits.
BOLV News:
January 16 - Bolivar Mining to Explore Potentially Major Rare Earth Elements Deposits
Bolivar Mining Corp (OTC: BOLV) announces the expansion of exploration discovery of several potentially major economic Rare Earth Element (REE) mineral deposits occurring in Grenvillian-aged (1.1 billion years old) basement Charnockites, located in central Georgia, USA by our exploration/technical team. The occurrences have been evaluated by ground radiometrics plus soil and rock geochemistry. The deposits' gamma radiation intensity locally exceeds the average background gamma radiation by up to two orders of magnitude. The REE's occur in monazite-allanite veins with accessory rutile, magnetite, albite, quartz, apatite, and iron sulfides.
Michael M. Ellis, BMC's Chief Exploration and Mining Officer, states, "These deposits could have a major impact on Bolivar Mining and its shareholders. I am looking forward to completing our core drilling analysis and tracing geographically the full extent of these deposits in central GA."
According to the U.S. Geological Survey, Rare Earth Elements have not been mined domestically since 2002. The 2006 estimated value of refined REE's consumed in the United States was more than $1 billion USD. Currently, the U.S. Government's Strategic Stockpile has no REE's in inventory...zero REE's in case of a war or a national emergency. Based on the final 2005 reported data, the estimated marketplace uses of REE's are as follows: 32% of REE's were used in automotive catalytic converters; 21% of REE's consumed were for metallurgical alloys and additives; 14% were used in specialized glass polishing and ceramics; 10% were used as rare earth phosphors for lighting, televisions, computer monitors, radar and x-ray intensifying screens; 8% of REE's were used as petroleum refining catalysts; 2% were used to produce powerful permanent magnets; and 13% of the REE's used went into other high-tech products.
The trend for REE's is for a continued increase in many applications, especially automotive catalytic converters, small powerful permanent magnets, and rechargeable batteries. The demand is growing for mixed rare-earth compounds and for rare-earth metals and their alloys used in permanent magnets to drive powerful miniature headphones, speakers, and automatic locks on cars, base-metal alloys, super alloys, pyrophoric alloys, lighter flints, and armaments.
Uses for specific REE's are far too numerous to completely list here, but some of the growing demand for thorium is in quality glass optics; while the increase in demand for cerium compounds is greatest in automotive catalytic converters. Yittrium compounds have seen their demand grow tremendously for use in fiber optics, lasers, oxygen sensors, phosphors for fluorescent lighting, color televisions, electronic thermometers, x-ray intensifying screens, pigments, and superconductors, to name only a few.
Dr. Robert Cook, BMC's Chief Mineralogist and Geologist, states, "The mineralogy of the occurrences was established cooperatively with personnel of the Smithsonian Institution. The deposit has important similarities to the major Steenkampskraal deposit in South Africa."
For a glossary of terms and for more details on market uses of REEs, visit the company's website at http://www.bolivarmining.com/projects.php and select Georgia Project.
CAPSTONE TURBINE CORPORATION (NASD: CPST)
"Up 7.84% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CPST.php
Capstone Turbine Corporation engages in the development, manufacture, marketing, and service of microturbine technology solutions. Its solutions are primarily used in stationary distributed power generation applications, including cogeneration, resource recovery, and secure power. The company's solutions are also be used as generators for hybrid electric vehicle applications. It sells microturbine units, subassemblies, components, and various accessories. The company also offers various accessories, including rotary gas compressors with digital controls; heat recovery modules for CHP applications; dual mode controllers that allow automatic transition between grid connect and stand-alone modes; batteries with digital controls for stand-alone or dual-mode operations; power servers for multipacked installations; protocol converters for Internet access; packaging options; and miscellaneous parts, such as frames, exhaust ducting, and installation hardware. Capstone Turbine sells its products through distributors and dealers primarily to distributors, authorized service companies, original equipment manufacturers, and end users in North America, Asia, Europe, and Russia. The company was founded in 1988 and is headquartered in Chatsworth, California.
CPST News:
January 17 - Capstone Signs New Distributor Agreement for the Oil and Gas Sector in China While Attending US Clean Energy Trade Mission
Capstone Turbine Corporation (NASD: CPST) (http://www.microturbine.com/), the world’s leading clean technology manufacturer of microturbine energy systems, announced the signing of a new Distributor agreement with Shanghai Tech-Steel Petroleum & Natural Gas Technology Development Co. Ltd (“STS”) for the oil and gas sector in China.
Founded in April, 2007, STS is a company dedicated to the oil & gas industry including coal-bed methane and coal mine methane. The predecessor of STS was Shanghai ChangQing Petrol-Chemical Material & Equipment Co., Ltd., which was part of the Chinese Government’s Changqing Petroleum Exploration Bureau, the largest natural gas producing base in China.
“STS has a proven track record in working with the major players in oil and gas in China including China National Petroleum Company, SINOPEC and China National Offshore Oil Company,” said Jim Crouse, Executive Vice President, Sales & Marketing. “STS has significant experience in the oil and gas sector in China and has developed numerous projects with Waukesha natural gas engines,” added Crouse.
“STS has five offices in mainland China and more than 20 representative agents to help maintain the well-established relationship with a variety of oilfield design institutes, such as Liaohe, Shengli, Changqing. STS has built a sound reputation in China,” said Simon Xu, Capstone’s Sales Manager for the greater China market.
“Customer satisfaction is the primary measure of our success. We are focused on providing state of the art low emission products with excellent overall energy efficiency and utilization which are key requirements of the Oil & Gas market in China,” said Rudolf Lee, General Manager, Shanghai Tech-Steel Petroleum & Natural Gas Technology Development Company.
“Capstone Turbine Corporation's leadership in providing a clean and green microturbine solution for the oil and gas industry and its continuing commitment to develop quality products makes them an ideal partner for us. We are looking forward to a long-term successful cooperative relationship between our two companies,” added Lee.
“We finalized this Distribution agreement with STS during our visit to China for last week’s U.S. Clean-Energy Trade Mission,” said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation.
The U.S. Clean-Energy Trade Mission to China and India is being attended by eighteen U.S. companies led by Assistant Secretary of Commerce David Bohigian and recently visited Beijing, Guangzhou and Hong Kong to meet with potential Chinese partners, agents, distributors, licensees, and retailers in the clean energy sectors.
According to the Export Assistance Center of West Virginia, a branch of the U.S. Department of Commerce, China aims to double the country's renewable energy supply by 2020. The Chinese Government would like to increase renewable energy to 10 percent of the country's electricity consumption by 2020. In 2005 alone, China invested $7 billion in renewable energy capacity.
In addition, the Export Assistance Center indicates that India has set a goal of electrifying 18,000 remote villages and meeting 10 percent of its energy demand with clean energy by 2012. The Indian market for clean energy is estimated at $600 million with an annual growth rate of 25 percent. The current 8,000 MW of installed capacity is expected to reach 20,000 MW by 2012.
“Clean energy technologies are moving to the forefront of energy infrastructure investments in China and India and these two huge economies are now seeking to diversify energy sources while reducing carbon emissions in the context of sustained economic growth,” said Jamison. “Clean energy investments in both China and India will be enormous over the next 10 years, so now is the time for Capstone Turbine to intensify its efforts into these developing markets,” added Jamison.
DELPHI CORPORATION (OTC: DPHIQ)
"Up 10.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DPHIQ.php
Delphi Corporation supplies vehicle electronics, transportation components, integrated systems, and modules and other electronic technologies worldwide. Its Electronics and Safety segment offers control and security products consisting of body computers, security systems, and mechatronics; entertainment and communications products comprising reception systems, digital receivers, satellite audio receivers, and navigation systems; and safety systems, including airbags, occupant detection systems, collision warning systems, advanced cruise control technologies, safety electronics, seat belts, and steering wheels. The Thermal Systems segment offers condenser, radiator and fan module assemblies and components, which includes radiators, condensers, and charge air cooling heat exchangers; and climate control products, including HVAC modules, compressors, and controls. The Powertrain Systems segment offers products for engine management systems (EMS), including gasoline EMS, diesel EMS, fuel handling systems, and evaporative emissions systems. Gasoline EMS portfolio comprises fuel injection and air/fuel control, valve train, ignition, sensors and actuators, transmission control products, exhaust systems, and powertrain electronic control modules with software, algorithms, and calibration; and diesel EMS product line offers common rail system technologies that are used by automakers. The Electrical/Electronic Architecture segment includes electrical architecture and component products. The Steering segment offers halfshaft and steering system products. The Automotive Holdings Group segment comprises noncore product lines and plant sites. The company was founded in 1998 and is headquartered in Troy, Michigan. On October 8, 2005, Delphi Corp alongwith its affiliates jointly filed a voluntary petition for reorganization under Chapter 11 of the US Bankruptcy Court for the Southern District of New York.
DPHIQ News:
January 17 - Delphi Signs Sale Agreement for Wheel Bearings Business
Files Motion to Request Hearing With the Bankruptcy Court
Delphi Corporation (Other OTC: DPHIQ), through its subsidiaries, has entered into an asset sale and purchase agreement with Resilience Capital Partners for the sale of its Wheel Bearings business, company officials announced today. Pursuant to the procedures outlined in the Bankruptcy Code, the company filed a motion with the U.S. Bankruptcy Court for the Southern District of New York to request a bidding procedures hearing on Jan. 25, 2008.
Following the completion of the bidding procedure process, a final sale hearing is anticipated to be set during the first quarter of 2008. The final sale of the Delphi Wheel Bearings business is subject to the approval of the U.S. Bankruptcy Court and other closing conditions.
As outlined in the court filing, the asset sale and purchase agreement between Delphi and Resilience Capital Partners includes:
* Purchase price of up to $44.2M (subject to certain price adjustments)
* Machinery and equipment
* Inventory
* Intellectual property
* Assignment and assumption of certain customer and supplier contracts
* Sandusky, OH Production and Engineering Facility
* Transition of salaried and hourly workforce
More information on this agreement and the court filing is available at www.delphidocket.com.
REVENGE DESIGNS INCORPORATED (OTC: RVGD)
"Up 10.71% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/RVGD.php
Revenge Designs, a specialty car designer and production assembler, is headquartered in a facility in N.E. Indiana. Mr. Peter Collorafi is a car designer from Queensland, Australia. Mr. Collorafi has been designing and installing custom modifications for factory produced vehicles since 1980. For more information about Revenge, visit the company's Web site at http://www.revengedesignsllc.com/.
RVGD News:
January 16 - Revenge Designs Announces Closing of Regulation D 504 Offering
Revenge Designs, Inc. (OTC: RVGD), a specialty car designer and production assembler, announced that it has closed its first round of financing using its Regulation D 504 offering. The proceeds were used for start-up costs, subcontracting, equipment purchase and its previously announced 10,000 square foot state-of-the-art facility. Included in the property purchase was a 3-acre block of land that will be used for future expansion. The building, equipment, accounts receivable and land have been added to the Company's balance sheet as an asset.
The Company is aware of its recent appearance on the Regulation SHO Threshold Security list. The Company will conduct an investigation into any potential collusion involving the Company's common stock. The Company will also be replacing its Investor Relations representative Mr. Brian Kistler. After discussion late last week with Mr. Kistler, Peter Collorafi, Revenge Designs President and CEO, stated, "Both myself and Brian agree that due to the growing inquiry and commitment Brian has agreed to step aside as the Company's Investor Relations representative. His replacement will be announced shortly. I extend my thanks to Brian for his assistance."
The current outstanding and restricted shares of the Company are 363,984,934 and 45,794,064, respectively. The current trading float is 318,190,870. The Company will be making further announcements in the near future regarding its operations and development as it works to become fully transparent to its shareholders.
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