Our Stocks to Watch tomorrow include Techalt, Inc. (OTC: TCLT), RxElite, Inc. (OTCBB: RXEI), Material Technologies, Inc. (OTCBB: MTTG), Auctions International Inc. (OTC: AUCI)
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TECHALT INCORPORATED (OTC: TCLT)
"Up 500.00% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/TCLT.php
Techalt, Inc. focuses on secure wireless communications toolset to be used by emergency first responders in the public sector & for communications interoperability, multi level integration of communications & collaboration enhancement within public & private sectors.
TCLT News:
January 22 - Techalt, Inc. Signs Agreement and Plan of Merger for the Acquisition of EV Parts, Inc., a Leading Online Supplier of Electric Vehicle Parts
Techalt, Inc. (OTC: TCLT) ("Techalt" the "Company") announced that it has executed an Agreement and Plan of Merger with EV Parts, Inc. ("EV Parts"), a leading online supplier of electric vehicle parts and components, whereby EV Parts will become a wholly-owned subsidiary of the Company. The merger is expected to close on or before March 18, 2008.
Under the terms of the merger agreement, the shareholders of EV Parts will exchange 100% of their stock for shares of Techalt. The closing of the merger is contingent on Techalt providing EV Parts with $300,000 for working capital needs by March 18, 2008. Techalt has also agreed to use it best efforts to provide EV Parts with an additional $300,000 by May 19, 2008.
Dave Moore, Techalt's President stated, "We are very excited about building our corporate portfolio with this cutting edge alternative 'green' company. EV Parts has influence and much respect in the alternative energy/automotive sector. EV Parts has successfully demonstrated its technology in the marketplace."
EV Parts is one of the largest online suppliers of parts and components to the electric vehicle market and is one of the pioneer companies in the custom electric vehicle world. The Company has begun selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets. EV Parts has already developed a reputation as being a dependable source of electric vehicle parts and components and is looking to grow its market share and expand its reach into additional markets through targeted marketing and sales efforts.
RXELITE INCORPORATED (OTCBB: RXEI)
"Up 56.10% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/RXEI.php
RxElite, Inc. engages in the in the development, manufacture, and marketing of generic prescription drug products in specialty generic markets. Its products include anesthesia gases, such as Enflurane, Isoflurane, and Sevoflurane; sterile liquid dose products, which include generic ophthalmic products in unit and multi-dose presentations, sterile unit dose inhalation respiratory products, and injectable drugs; and transdermal patch products. The company's customers include hospitals and hospital group purchasing organizations, national and regional wholesalers, direct retail pharmacy stocking chains, homecare companies, and outpatient and ambulatory care clinics. It has partnerships with Stason Pharmaceuticals, Inc.; Alkem Laboratories Limited; Core Tech Solutions, Inc.; and Zach Systems S.p.A. The company was founded in 2000 and is based in Meridian, Idaho.
RXEI News:
January 22 - RxElite Appoints Rick Schindewolf Vice President for Business Development
RxElite, Inc. (OTCBB: RXEI), a developer, manufacturer, and marketer of specialty generic prescription drug products, announced that it has appointed Rick Schindewolf as its Senior Vice President for Business Development. Mr. Schindewolf was formerly a vice president with Cardinal Health, where he helped develop the international business development program for blow-fill-seal and sterile products sales.
"I am charging Rick Schindewolf with developing our business opportunities that result from our acquisition of FineTech in Israel. I am very optimistic in the progress we are making, as we implement our business strategy and vision as the generic prescription drug manufacturer of choice," commented Jonathan Houssian, the CEO and founder of RxElite. "I am confident that Rick is the right person to capitalize on several strategic opportunities we identified to sell our products, while maintaining excellent profit margins. Additionally, Rick will complement Dr. Arie L. Gutman and our new research and development operations in Israel."
Mr. Schindewolf's previous positions span over 20 years of experience in the pharmaceutical and medical device industries. His last 10 years were at Cardinal Health in the manufacturing businesses recently spun off as Catalent Pharma Solutions. He has held senior level positions at Cardinal/Catalent within the sterile products business in finance, general management, new product rollouts, and business development. During this time, he participated in several business and product acquisitions.
MATERIAL TECHNOLOGIES INCORPORATED (OTCBB: MTTG)
"Up 50.88% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/MTTG.php
Material Technologies, Inc. engages in research and development of metal fatigue detection, measurement, and monitoring technologies in the United States. The company develops devices and systems that indicate the true status of fatigue damage in a metal component. It produces Fatigue Fuse, a device that integrates the effect of fatigue loading in a structural member. It is designed to be affixed to a structure to give warnings at pre-selected percentages of the fatigue life that has been used up. The company also develops Electrochemical Fatigue Sensor, an instrument that detects very small growing fatigue cracks in metals. Its technology is applicable to various market sectors, such as bridges and aerospace, as well as ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems, and heavy iron. The company was founded in 1983 and is based in Los Angeles, California.
MTTG News:
January 22 - Material Technologies, Inc. Inspects Fracture Critical Bridge in West Sacramento, CA With Their Electrochemical Fatigue Sensor System
Material Technologies, Inc. (OTCBB: MTTG) (MATECH) of Los Angeles, CA provided inspection services to CalTrans using their patented Electrochemical Fatigue Sensor (EFS) System. The inspected structure is a fracture critical bridge located in West Sacramento, CA that has been repaired and retrofitted. Inspection results are being used to determine which of the existing cracks are growing, if there are other locations which contain cracks previously undocumented, and whether the repairs and retrofits installed on the bridge are working properly, that is, not exhibiting any crack growth. This information can be used to prioritize repair funds as well as verify the efficacy of those repairs and repair methods.
The inspection was completed on December 12, 2007, with a dozen CalTrans representatives present. Results will be presented to officials to determine further uses of EFS across the state.
Robert M. Bernstein, MATECH's CEO, says, "MATECH continues to provide DOT's (state departments of transportation) with invaluable information never available before. More and more DOT's are becoming familiar with the technology and requesting inspections. They are using the inspection results to make better bridge management decisions."
AUCTIONS INTERNATIONAL (OTC: AUCI)
"Up 37.93% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/AUCI.php
Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumers' needs. In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. For more information, visit www.AuctionsIR.com and www.AutoBidLive.com.
AUCI News:
January 22 - Auctions International Issues Statement on Share Structure and Non-Dilution
Auctions International Inc. (OTC: AUCI), a technology company that owns and markets proprietary software to enable real-time online auctions of virtually any product or commodity for use by the wholesale market, commented on its share structure and reaffirmed the Company's positive outlook for 2008.
Douglas Mann, president and CEO of Auctions International Inc., said, "In response to the recent volatility in the marketplace, we wanted to assure our shareholders that any such activity does not reflect the outstanding share position in the Company.
"There are 50 Million shares outstanding, of which 25 Million are restricted and are held by myself, directors, and the technical and support staff of Auctions International. Of the 25 Million that are free trading, 9.3 Million are registered on DTC as of January 11, 2008. From that 25 Million, 8 Million are held by family members and friends who have supported AUCI's development and expenditures over the past two years.
"The Company does not need capital of any substance. Nor do we have any fundings that could cause such a downward spiral in our stock. We do not see a need to issue any shares to dilute the current shareholder value in the foreseeable future.
"We are diligently pursuing our business objectives. Business-to-business Internet commerce in the wholesale market is ripe with opportunity. The solution provided by our wholly owned subsidiary AutoBidLive is a revolutionary way for car dealers to get added exposure, particularly during times of lagging sales and shrinking margins.
"I'd like to reaffirm Auctions International is moving forward with its plans to build shareholder value through AutoBidLive.com as well as other markets that can benefit from our proprietary real-time auction software. As we continue to execute our growth strategies and achieve new milestones, our outlook remains positive for 2008."
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