Our Stocks to Watch today include SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP), FastFunds Financial Corporation (OTCBB: FFFC), Caledonia Mining Corporation (OTCBB: CALVF), Sancon Resources Recovery Inc. (OTCBB: SRRY), Ise Blu Equity Corp. (OTC: ISBL)
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SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
"Up 9.52% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SPNG.php
Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
SPNG News:
January 29 - SpongeTech Receives $2,385,000 in New Orders for the New Pet Sponges and New Children's Sponges
SpongeTech Sells 270,000 Units of the New Pet and Children's Sponges with the SpongeTech-nology in Them
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced they received an order last Friday for $2,385,000. That's 270,000 units for the new Children's and Pet Sponges. The pet sponge is a no tears, tangle-free shampoo for pets that leaves a lustrous sheen. The children's sponge is a no tears bath wash called the "Puddle Pals Children's Sponge."
The first 12,000 units of "Puddle Pals Children's Sponge" are scheduled for delivery July 25, 2008, with an additional 12,000 units per month for the next two months, for a total of 36,000 units. The Pet Sponges' first 68,000 units are scheduled for delivery September 15, 2008, with another 68,000 units on October 15, 2008, and a balance of 98,000 units on November 15, 2008, for a total of 234,000 units.
The company has had many calls and e-mails about the 'back orders' and when the company is going to fill them. The company does not have 'back orders.' They have orders with scheduled fill times and pending deliveries, like you see above, the orders are filled on a pre-determined schedule so the distributors and retailers are not 'sitting' on product and they determine when they want it. The orders are then shipped as scheduled.
Steven Moskowitz SpongeTech COO said, "I am pleased to see the new products finally hit the market place, and I expect new products sales will continue to grow over the next few months. We are working on new products with new companies, and we will update the shareholders as we move forward. As shareholders, we are all happy with the new product roll-outs!! We are now a three product company."
For more information, contact Investor Relations at 1-877-SPONGE T or visit the company website at http://www.spongetech.com/.
RENHUANG PHARMACEUTICALS (OTCBB: RHGP)
Detailed Quote: http://www.otcpicks.com/quotes/RHGP.php
Company Profile: http://www.otcpicks.com/renhuang-pharma/renhuang-pharma.htm
Renhuang Pharmaceuticals, located in Harbin of Heilongjiang Province in Northeast China, is a leading integrated developer, manufacturer and distributor of a broad line of high-quality nutraceutical, natural medicinal and bio-pharmaceutical products. The Company provides three major product lines including the Acanthopanax-based natural medicinal products, Shark Power Health Care series and Traditional Chinese Medicines. Renhuang's key product line is Acanthopanax-based products, an effective natural medicine in treating depression and melancholy and offering various other health benefits. By controlling an estimated 70% of China's natural resource of Acanthopanax (also known as Siberian Ginseng), the Company has a dominant market position in Acanthopanax-based natural medicines. The Company distributes its products through a multi-layer sales network of over 2000 sales agents. Its products are not only sold nationwide but also exported to Russia and Southeast Asia. Renhuang has established a multi-channel research and development infrastructure composed of in-house researchers, a post-doctoral working center, and collaboration with well known institutions and scientists. In manufacturing, the Company strictly follows the international GMP certified quality standards and system by utilizing cutting-edge technologies, the state of the art equipment, and the proprietary innovative and award winning processes. For more information about Renhuang Pharmaceuticals, visit www.renhuang.com.
RHGP News:
January 29 - Renhuang Pharmaceuticals to Present at Roth Capital Partners Growth Stock Conference on February 21, 2008
Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP), a leading Chinese integrated drug developer, manufacturer and distributor, announced that the Company will participate in the Roth Capital Partners 20th Annual Orange County (OC) Growth Stock Conference on February 21, 2008 at the Ritz Carlton Laguna Niguel in Dana Point, CA.
Mr. Li Shaoming, the Company’s Chairman, will present Renhuang’s business overview including product lines, competitive strengths, and key growth strategies at 9:30 a.m. local time.
For More information about the conference, visit http://www.roth.com/.
All interested parties are invited to listen to the live webcast at www.wsw.com/webcast/roth16/. A replay of the webcast will also be available after the presentation on this Web site for 90 days.
FASTFUNDS FINANCIAL CORPORATION (OTCBB: FFFC)
"Up 75.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FFFC.php
FastFunds Financial Corporation does not have significant operations. Previously, the company, through its subsidiary, Chex Services, Inc., provided cash access services, including check cashing, automated teller machine access, and credit and debit card cash advance services to gaming and retail establishments in the United States, Canada, and the Caribbean. The company is based in West Palm Beach, Florida. FastFunds Financial Corporation is a subsidiary of Hydrogen Power, Inc.
FFFC News:
January 29 - FastFunds Financial Corporation Renews Letter of Intent for Acquisition of Engineering Procurement Company
FastFunds Financial Corporation (OTCBB: FFFC) announced that it has executed a new non-binding letter of intent to acquire Industrial Systems, Inc. (“ISI”). ISI, formed in 1991 and based in Delta, Colorado, provides engineering procurement and construction services to the mining, energy and natural resources industries throughout the United States. The letter of intent calls for FastFunds to acquire 100% of the outstanding securities of ISI in an all stock tax-free transaction. Prior to the closing of the transaction, FFFC is required to have no liabilities on its balance sheet, unless mutually agreed upon. Completion of the transaction, which is planned to close by April 30, 2008, is also subject to further due diligence by each party, negotiation and execution of a definitive agreement, and other customary pre-closing conditions. FastFunds and ISI’s previous letter of intent expired in 2007. “During 2007 we turned our focus to building and solidifying our Company into a position to be better prepared to become a public company. We believe we have reached the next step in our growth and we are looking forward to concluding this transaction and becoming a public company,” commented Bob Isom, ISI’s President and CEO.
ABOUT INDUSTRIAL SYSTEMS, INC.
With over $90 million in total sales during its sixteen year history to a wide variety of more than 20 clients including some of the country’s largest natural resources companies, ISI is able to provide major capital engineering, procurement, management and construction services. The company reported preliminary unaudited sales of approximately $10.5 million for the year ended December 31, 2007 compared to $4.1 million and $3.5 million for the years ended December 31, 2006 and 2005, respectively.
With over 44,000 square feet under roof, including a 38,000-square-foot indoor fabrication facility, ISI has the ability to develop and construct a wide range of underground and surface infrastructures providing crafts and capabilities including: tank fabrication and erection; process plant construction; industrial/commercial construction; electrical design and installation; instrumentation design and installation; fire suppression systems; and mechanical equipment erection ISI, located in Delta, Colorado, is situated perfectly to take advantage of recent initiatives to increase domestic production of oil and gas in Western Colorado and Eastern Utah. ISI is also directing a major portion of its marketing focus to recently announced government plans for the re-opening of oil-shale mines. The U.S. Bureau of Land Management recently awarded three oil companies environmental clearance for their plans to start producing shale oil through a process of heating layers of rock, and ISI intends to pursue contracts for these projects in the Western United States.
CALEDONIA MINING CORPORATION (OTCBB: CALVF)
"Up 71.84% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CALVF.php
Canadian registered Caledonia is a mine, development and exploration company with assets in Africa. The Company’s current focus is its producing Blanket gold mine in Zimbabwe, development of the Nama cobalt project in Zambia and the Rooipoort platinum-nickel exploration project in South Africa. As one of the world’s largest known primary cobalt oxide deposits, the Nama Project is Caledonia’s most exciting development project. The signing of the first cobalt offtake agreement with a large Chinese refiner will enable Nama to move into mine development, with first production targeted in early 2009. The deposit will be mined by open-pit and conventional cobalt extraction to produce a cobalt hydroxide. The producing Blanket gold mine is currently completing an expansion to increase annual production to 40,000 ounces/year from 20,000 ounces/year. The Rooipoort platinum-nickel exploration project is located on the Northern side of the Bushveld complex, about 300kms north of Johannesburg. Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing.
CALVF News:
January 29 - Caledonia Mining Announces Cobalt Off-Take Agreement With Large Chinese Refiner
Caledonia Mining Corporation (OTCBB: CALVF) (Toronto: CAL) (AIM: CMCL) ("Caledonia") announced the signing of a cobalt off-take agreement with a large Chinese refiner. Under the terms of the agreement, Caledonia will supply a minimum of 21,000 tonnes of cobalt metal equivalent in the form of cobalt hydroxide from its Nama Cobalt Project over the next six years. The agreement specifies that the price shall be based on the published monthly average for 99.3% cobalt from the London Metal Exchange, and contains a guaranteed "Take or Pay" minimum cobalt price of US$12/lb of cobalt metal. The agreement is renewable.
Caledonia's 100% owned Nama Project is located in Northern Zambia. Caledonia plans to commence mining Anomalies "A" and "C" using open pit mining methods, pre-concentration and conventional cobalt extractive technology.
Caledonia is proceeding with detailed mine planning and is targeting commencement of production by early 2009 at an expected annual production level of 10,000 tonnes of cobalt metal. An internal feasibility study has estimated capital expenditure at US$125 million and production costs below US$10/lb. The cobalt project will become the main strategic focus for Caledonia going forward.
Commenting on the announcement, Stefan Hayden, President and CEO of Caledonia Mining said "The signing of this cobalt off-take agreement marks an important milestone for Caledonia as we commence with the development of Nama, which I expect will prove to be one of the world's largest primary cobalt deposits. In the context of current spot prices for cobalt of US$44/lb and the floor price of US$12/lb, this contract represents substantial value and confirms Caledonia's potential to become one of the key primary players in the cobalt market. Negotiations on further agreements with refiners continue. With rising demand from China, India and America, we believe the fundamentals for cobalt remain robust in the near-term."
Further information regarding Caledonia's exploration activities and operations along with its latest financials can be found at http://www.caledoniamining.com/.
SANCON RESOURCE RECOVERY (OTCBB: SRRY)
"Up 46.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SRRY.php
Sancon Resources Recovery Inc. is an environmental service and waste management company that operates recycling facilities in China and Australia. Sancon specializes in the collection and recovery of industrial and commercial solid wastes such as plastic, paper, cardboard, and glass. The recycled materials are purchased by Sancon's manufacturing customers in China to make a wide variety of new products including outdoor furniture, construction materials, road surface, and various new products. Sancon's China operation is licensed by the Chinese government for waste management services, and is certified with ISO 9001 and ISO14001 standards. For more information, visit www.sanconinc.com.
SRRY News:
January 29 - Sancon Helps China To Develop a ''Green'' Economy
After two decades of strong economic growth, China has emerged as an economic and political world power. China currently consumes over 40% of the world's cement, one third of its steel, one quarter of its copper and 40% of the world's coal, but this growth has not been without consequences. According to the Chinese official statistics, China ranked number one in the world in 2006 in its chemical oxygen demand (COD), a key water pollution index, 62% of China’s major water systems and 90% of its metropolitan river streams are considered polluted. However Judging from the Chinese government’s 11th Five Year Plan and the recently held 17th National Congress conference, it seems that China is determined and may stand to become a world leader in green technologies and sustainable environment development.
China’s 11th Five-Year Development Plan and “Go Green” Policies
During the 17th National Congress of the Communist Party of China held in October 2007, environmental protection was positioned at the centre stage of its macro policies. One of the keynotes delivered by President Hu Jintao was for China to “Promote a conservation culture by forming an energy and resource-efficient and environment-friendly structure of industries, pattern of growth and mode of consumption”. Other state officials also indicated that more “go green” economic policies will be deployed in China, including taxation, charging polluters, subsidies to those giving up profits for the sake of the environment and preferential financing policies for the eco-friendly industry. In a country where most trends are still navigated by the central government policies, the Chinese government is clearly committed in repairing their environment and reducing future damages.
The Chinese government has already included a goal of building an energy-efficient, less resource-intensive and more sustainable society in its 11th Five-Year Plan for 2006-2010. The plan will be the central guiding document for China's development over the five years period. It includes several key initiatives in use of recovered resources, energy conservation, and adopting tougher environmental protection laws for all entities. In the plan China will commit to invest over USD $157 billion in environmental protection projects between 2006 and 2010. This investment is double that of the previous five years and equal to approximately 1.5% of the country’s GDP over this period.
Sancon Helps China To Develop a Green Economy
According to China National Resources Recycling Association and energy experts, China’s import of recycled raw material grew from 1-2 million tons per year in the early 1990’s to over 50 million tons per year in 2007, demonstrating its thirst for resource materials. China's fast growing economy currently requires 50 percent more energy per unit of output than the global average, five times more than the United States and 10 times more than Japan. While global natural resources continue to increase in demand and price, China will need to develop its own resources recovery and green energy market to continue its economic growth.
Sancon Resources Recovery Inc. (OTCBB: SRRY) is a fast growing environmental services company that has found its niche in China’s effort to “Go Green”. Sancon started its business in Melbourne, Australia in 2002, offering waste management and industrial solid waste recovery services to large industrial and consumer companies. It expanded into China in 2006 due to the background of its CEO Mr. Jack Chen, a China-born waste expert with many years of operating experiences in recovered resources trading. Since Sancon began its China expansion, it has launched a network of waste recovery plants around China, offering environmental services to fortune 1000 companies. These companies often require quality waste management services on a national wide scale. Sancon recently opened its sixth waste recovery plant in the city of Xiamen in the south eastern part of China, in addition to other five plants located around China.
Mr. Jack Chen, CEO of Sancon commented: “We are facing enormous opportunities here in China for the next decade. The new proposed green economy would be only feasible with companies like Sancon, realizing and supplying China’s recycled raw materials for its manufacturers. Our services will also help our clients to reduce energy usage and landfill costs. With our investments and plants built out in the last two years, Sancon is now able to service as many as 30 Chinese cities in waste recovery with its logistic operations. Sancon today is perhaps the only environmental service company in China with such wide scope of coverage and high service standards. Sancon is well positioned to help China’s effort of going green and claim a leadership position in the industry.”
ISE BLU EQUITY CORPORATION (OTC: ISBL)
"Up 42.86% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ISBL.php
Ise Blu Equity Corp. (http://www.isebluequitycorp.com/) is a Business Development Company of the Independent Film, Music, Live Events Licensing, Merchandising and New Media Broadcast Companies together, under one umbrella, to develop a strong and profitable revenue center that will bring quality product and services to customers worldwide.
ISBL News:
January 29 - Ise Blu Equity Corp. Announces the Acquisition of Fight Company, Inc.
Ise Blu Equity Corp. (OTC: ISBL) has acquired Fight Company, Inc. in a preferred share transaction with an independent valuation at $2,000,000. This transaction increases the scope of entertainment and support companies owned by Ise Blu Equity Corp.
Ise Blu expects to use personnel from its other subsidiaries to support the events which the fighters participate in by including artists under contract for pre event and between round entertainment and use of Company personalities such as Dr. Dre as ring announcers and guest commentators. Our public relations subsidiary will participate by building the fighters profiles and creating web sites and blog services for our top ten fighters.
Fight Company Inc. has 62 fighters under exclusive contract for ultimate fighting/ mixed martial arts bouts. Their management believes that at least ten fighters are current contenders and fifteen others have at least a significant capability to advance through the ranks to become contenders. In this realm of fighting each fighter will fight between four and nine fights per year depending on the class and capability of fighter they are. Products and video marketing will happen through our One Media One E-Mall being developed and distribution through our video distribution subsidiary. The company wishes to thank Mr. Rick Papaleo for being instrumental in the introduction (before terminating his consulting agreement) and the Company's subsequent purchase of Fight Company, Inc.
Some of our contenders will fight bouts in March in the US and Europe where this type of fighting draws significant crowds and large purses. All of our contracts require a minimum of 20% of the purse and in some instances the bonuses that the fighters may receive for their performance.
Mixed Martial Art (MMA) is the fastest growing sport in the world. It is currently licensed in 21 states, Canada and is popular in the U.K., Japan and other Asian countries, Brazil and is being expanded to additional states and countries. Over 20 million people participate in various forms of martial arts training in the United States. We expect substantial growth in viewers both on cable television and at live events plus the DVD distribution of these events. Cable television has consistently had in excess of two million viewers per week in its five years of airing MMA causing the number of fighters and bouts to increase substantially with a growing fan base in several states.
In further news, the Company has placed a deadline of February 5, 2008 for the final debt negotiations to be completed of its planned participation in a fully reporting company for trading on the OTCBB.
The Company has certain information regarding possible stock manipulation by persons participating on various message boards. Certain shareholders' have came forward and offered to pay for the investigation and possible civil legal actions should the investigation warrant and to turn over the information garnered to regulatory authorities. We do not condone nor do we as management participate in such activities. The manipulation appears to be benefiting certain parties that are known short sellers or hedgers of stock. We advise participants in the message boards to closely monitor the things said by all participants and try to discern their motivations. We have a solid company that is moving forward with its business plan unlike most operations at this level of stock trading. We have sought market support from many people and some began systematically buying as early as January 8, 2008 for the simple reason that they believe it is a good investment. No individual investor has advised us that they have reached a five percent holding during this buying program.
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