Our Stocks to Watch today include SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), BigString Corporation (OTCBB: BSGC), Fox Petroleum Inc (OTCBB: FXPE), Compliance Systems Corporation (OTCBB: COPI), Bimini Capital Management, Inc. (OTC: BMNM)
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SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
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/.
BIGSTRING CORPORATION (OTCBB: BSGC)
Detailed Quote: http://www.otcpicks.com/quotes/BSGC.php
Company Profile: http://www.otcpicks.com/bigstring/bigstring.htm
BigString Corporation, through its subsidiary, BigString Interactive, Inc., provides email services. It offers BigString, which is a Web-based, POP3 server email service solution that allows the user to edit, recall, cancel, and erase the email, as well as insert or delete attachments, even after the email has been sent out and opened. The company also provides BigString Beta 2.0 that offers erasable, recallable, and self destroying applications, non-printable and non-forwardable emails, set time or number of views, and masquerading to protect the sender's privacy and security. BigString Beta 2.0 also provides spam filters, virus protection, and large-storage web-based email accounts. The company's products include BigString Free, which provides the features of BigString Beta 2.0, and includes 1GB of storage and permits the user to send unlimited emails per month; BigString Premium, which offers the features of the BigString Free account, plus vanity domains, POP3 access using any email client, 2GB of storage, and 30 minute video email; and BigString Business that offers the features of the BigString Premium account, plus 10 email accounts, 20GB of storage, global filter notification, and email management. BigString Corporation also offers BigString Marketer Pro, which provides an enterprise marketing software application which allows for the sending of interactive video email commercials that can be programmed to self-destruct at a set time; and BigString Marketer SMB, a hosted video email marketing platform for small and medium size businesses. The company was founded in 2003. It was formerly known as Recall Mail Corporation and changed its name to BigString Corporation in 2005. Bigstring Corporation is based in Red Bank, New Jersey.
BSGC News:
January 30 - James Terry Named Chief Technology Officer of BigString Corporation
BigString Corporation (OTCBB: BSGC) announced that James Terry has been named Chief Technology Officer. In that capacity, he will lead the company's development and introduction of new product initiatives and existing product enhancements, all of which will be based on BigString’s patent pending recallable, erasable, self-destructing email system and applications.
Mr. Terry has more than 25 years experience in technological development. Prior to joining BigString, Mr. Terry was CTO of SurveyUSA, an animated pollster that uses IVR technology to poll more than two million Americans annually. He also served as CTO of Annotate.net, and was a senior partner of Kandu, a software development company. He is the author of the forthcoming book, Digital Media Programming Bible, A Complete Guide to Sound and Video Programming Under Microsoft Windows.
"James has a strong track record of innovation in applying technologies that win in the marketplace. We believe he will be able to contribute immediately to our new product development initiatives," stated Darin Myman, President and CEO of BigString.
FOX PETROLEUM INCORPORATED (OTCBB: FXPE)
"Up 22.73% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FXPE.php
Fox Petroleum Inc. is an Oil and Gas Exploration and Production Company headquartered in London, England, the financial capital of Europe. Fox also has an operations office in Anchorage, Alaska. Fox's current targets include mineral rights to 32,000+ acres in Alaska's North Slope estimated to represent a potential of up to 160 million barrels of oil (LAPP Resources, Inc.), and the rights to a 33.33% ownership stake in a 37,000+ acre UK North Sea license which could potentially hold up to 213 million barrels of oil (TRACS International Ltd). Fox has a 22.5% carried interest in producing onshore Texan gas well, and has also signed agreements to acquire roughly 14,000 acres on the North Slope and approximately 42,000 of land onshore in the Cook Inlet containing the Catcher's Mitt Prospect. Fox has also recently signed an FIA for 46% of the 211/17 South block containing the Bourbon prospect, estimated by Aimwell Energy Ltd to have a mid case recoverable reserve potential of 167 mmbo. The Company's shares are publicly traded on the OTC BB under the ticker symbol FXPE.
FXPE News:
January 29 - Fox Petroleum Provides Positive Results from Independent Evaluation of the North Sea Bourbon Prospect
Fox Petroleum Inc (OTCBB: FXPE) (hereafter “Fox”) is pleased to provide evaluation results for the Bourbon prospect located in the central North Sea. Analysis of the report shows that Fox’s 46% stake in the Bourbon prospect could amount to a high estimate of almost 54 Million Stock Tank Barrels of Oil Initially in Place.
As part of the farm-in agreement, Fox will be working with its joint-venture partners Valiant Petroleum Limited and Petrofac Energy Developments Limited to develop the project during 2008. Pursuant to the agreement, Fox agreed to obtain a 46% working interest in the project and as a part of the consideration for the interest, Fox agreed to pay for 89% of an exploration well which is planned to be drilled in 2008.
Valiant Petroleum has contracted the oil services company RPS Energy to do a full analysis of the hydrocarbon bearing and economic potential of the Bourbon prospect as part of a Competent Persons Report on Valiant’s entire portfolio. RPS Energy provides technical and operational advice and input on commercial energy projects located around the world, from the start of a project right through the life cycle to completion.
Shareholders and prospective investors are encouraged to visit Fox Petroleum's website at http://www.foxpetro.com/ and download Fox Petroleum's Investor Summary for more information. Call investor relations toll-free at 1-888-369-4744 to receive a full corporate investor's package.
COMPLIANCE SYSTEMS CORPORATION (OTCBB: COPI)
"Up 14.10% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/COPI.php
Compliance Systems Corporation, through its subsidiaries, provides compliance technologies, methodologies, and services to the teleservices industry. It primarily offers a compliance technology called the TeleBlock Call Blocking System, a patented process that automatically screens and blocks outbound calls against federal, state, and in-house do-not-call lists. The company also offers Regulatory Guide, an online and up-to-date compilation of state and federal telemarketing laws, as well as ongoing compliance auditing services. It is also developing Registration Guide, an online system designed to assist telemarketers to fill out state commercial registration forms. In addition, the company provides voice-over Internet protocol services. The company was incorporated in 2002 and is headquartered in Glen Cove, New York.
COPI News:
January 30 - Call Compliance Inc. and NobelBiz Corporation Enter Agreement
Compliance Systems Corporation (OTCBB: COPI) (http://www.callcompliance.com/), a telecom service company focused on providing compliance technologies and methodologies to the teleservices industry, has announced an agreement with NobelBiz Corporation, a leading supplier of telecommunication services and a VoIP provider. NobelBiz will utilize the TeleBlock® Do-Not-Call features for application within its worldwide business network.
The TeleBlock® features ensure compliance with the various Federal and State Do-Not-Call regulations for NobelBiz’s Contact Center clients. The TeleBlock® service will enhance the existing NobelBiz voice network.
Dean Garfinkel, Chairman and CEO of Call Compliance stated, “The diversified solutions that TeleBlock® offers in combination with NobelBiz, a leading Contact Center VoIP provider, creates a great platform to reach world-wide markets in places such as India, Philippines, and Australia. We are pleased to be able to partner our technologies worldwide, and look forward to our growth together.”
Richard Mahfouz, CEO of NobelBiz Corporation further explained, “The TeleBlock® technology provides an effortless and convenient way to enhance our business strategy. It’s a simple fit to avoid unnecessary mistakes for users, and we are excited to add the TeleBlock® feature to further enhance the personalized services we provide to the Contact Center community.”
ABOUT NOBELBIZ CORPORATION
NobelBiz Corporation is a facilities based carrier providing Telecommunication services to the Call Center industry. The company is dedicated to provide exceptional customized products and services to each of its clients along with immediate technical assistance and the best customer care in the industry. Additional information is available on the company website at http://www.nobelbiz.com/ or by dialing 800–986–6235.
BIMINI CAPITAL MANAGEMENT (OTC: BMNM)
"Up 6.93% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BMNM.php
Bimini Capital Management, Inc., a real estate investment trust (REIT), invests primarily in residential mortgage-related securities (MBS) issued by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Government National Mortgage Association. As of June 30, 2007, the company's portfolio comprised of 64.40% adjustable-rate MBS, 23.84% fixed-rate MBS, and 11.76% hybrid adjustable-rate MBS. It also originates and purchases residential mortgage loans, including ALTERNATE A loans, conventional prime mortgage loans, jumbo prime mortgage loans, government prime mortgage loans, prime home equity loans, and subprime mortgage loans. The company has elected to be taxed as REIT under the Internal Revenue Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 2003. It was formerly known as Bimini Mortgage Management, Inc. and changed its name to Opteum, Inc. in 2006. Further, the company changed its name to Bimini Capital Management, Inc. in September 2007. Bimini Capital Management is based in Vero Beach, Florida.
BMNM News:
January 30 - Bimini Capital Management Announces Reduction in Share Ownership Limit
Bimini Capital Management, Inc. (OTC: BMNM) (“Bimini Capital” or the “Company”), a real estate investment trust (“REIT”), announced that, pursuant to Article XIII, Section 9 of the Company’s Amended and Restated Articles of Incorporation, the Company’s Board of Directors adopted resolutions reducing the maximum ownership limit with respect to its outstanding shares of capital stock from 9.8% to 4.98% effective January 28, 2008. The reduction in the ownership limit is intended to assist the Company in avoiding a change in ownership that may adversely affect its ability to use certain net operating losses and capital loss carry-forwards for U.S. federal income tax purposes. For more detailed information, please refer to the Company’s filings with the Securities and Exchange Commission. These filings are available on the Company’s website at http://www.biminicapital.com/ under the “SEC Filings” page and also may be obtained at http://www.sec.gov/.
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