Our Stocks to Watch today include SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), ReelTime Rentals, Inc. (OTC: RLTR), USCorp (OTCBB: USCS), LiveDeal, Inc. (OTCBB: LVDL), Peak International Limited (NASD: PEAK), Black Dragon Resource Company (OTC: BDGR)
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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 31 - SA Trading LLC Places Order for SpongeTech's New 'Pet Sponge'
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that SA Trading LLC will be distributing the SpongeTech(R) Pet Sponge, a new pet care product, the "Pet Sponge," to its' family of products based on the SpongeTech Delivery System technology. The new Pet Sponge product is made with a mild, no-tear, soap formula. The soap also contains a pet hair conditioner, a pet fur luster and sheen additive and an odor neutralizer. Like other SpongeTech products, the Pet Sponge is made of 100% Hydrophilic Foam and is 99.8% bacteria free. The germs can't get in, but the soap can get out. The new SpongeTech Pet Sponge can be used for up to 8 pet washes and is safe for both dogs and cats.
SA Trading LLC has ordered the complete pet package with the SpongeTech(R) Pet Chamois, assuring you the best results by completing the process of drying your pet. This is included as part of the SA Trading LLC Pet Sponge package! The SpongeTech(R) Pet Chamois is super absorbent and holds up to 100 times its' weight in water, yet remains soft and flexible, even after it dries out!
SpongeTech's COO Steven Moskowitz commented, "SpongeTech is very happy to be able to announce the new Pet Sponge product. As we have stated in the last few months, we have plans for new products in completely new market segments utilizing our core SpongeTech Delivery Systems technology. The new SpongeTech Pet Sponge and Pet products is an excellent example of the adaptation of our core sponge technology to bring new products to market. We are excited about the new SpongeTech Pet Sponge and Pet Chamois products as they will allow us to gain entry into the multi-billion dollar pet care market and will open up new sales, marketing and distribution opportunities for SpongeTech. We already have one sizeable Pet Sponge product order on the books and we will be ramping up production for this product in the very near future. With support from companies like SA Trading, we should add significant new incremental revenues for our company in 2008 and beyond."
For more information, contact 1-877-SPONGE T or visit the company website at www.spongetech.com/newproducts.htm.
REELTIME RENTALS INCORPORATED (OTC: RLTR)
Detailed Quote: http://www.otcpicks.com/quotes/RLTR.php
Company Profile: http://www.otcpicks.com/reeltime-rentals/reeltime-rentals.htm
ReelTime Rentals Inc. (sometimes referred to herein as RLTR or ReelTime.com) was incorporated under the corporate laws of the state of Washington as ReelTime Rentals; Inc on June 24, 2004. ReelTime.com is an online broadband network offering a diverse library of both theatrical films and television programming. ReelTime's "point click and watch" user interface delivers DVD quality video over the internet to customers nationwide whenever they want to see it. ReelTime is poised to change the home entertainment industry by becoming a leader in the online media marketplace, providing the public the next generation of online viewing technology with built-in capacity for unlimited growth. The company's Intelligent Rapid Delivery System (IRDS) overcomes many of the roadblocks that have previously prevented widespread adoption of high quality streaming video. Through IRDS and their video-on-demand services, they deliver full-screen DVD quality movie experiences to broadband customers nationwide while implementing security measures to combat the threat of piracy.
The company currently provides direct-to-desktop progressive downloading for broadband users, utilizing a proprietary player to deliver full length films and television shows for viewing by the next generation of media viewers. We strongly believe in ReelTimes future and see unlimited potential beyond the PC into other media platforms, including set top boxes and handheld devices. ReelTime's end-to-end delivery system (IRDS) has significant advantages in cost and structure over other systems in current use and the revolutionary nature of the system should allow ReelTime to quickly become a dominant player in the video-on-demand marketplace.
RLTR News:
January 30 - ReelTime Rentals, Inc. Has No Affiliation, Now or Ever, With Reeltime Media Ltd. of Australia
ReelTime Rentals, Inc. (OTC: RLTR), in response to numerous shareowner inquiries, today issued a clarification to news from Australia, stating that ReelTime Rentals, Inc. has absolutely no affiliation with a company called Reeltime Media Ltd. of Australia, whose shares have just been suspended on the Australian Stock Exchange.
ReelTime Rentals, Inc. is 100% in compliance with all laws, regulations, and the requirements of the exchange upon which its shares are traded.
According to CEO Barry Henthorn, "ReelTime Rentals, Inc. has no affiliation with Reeltime Media Ltd., nor has there ever been. We are issuing this statement so that our shareowners are acutely aware of the truth, and are not being misinformed."
USCORP (OTCBB: USCS)
"Up 16.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/USCS.php
USCorp., an exploration stage company, through its subsidiaries, engages in the acquisition and development of mineral properties, primarily gold, silver, and other nonferrous metals in the United States. The company owns interests in 141 Lode Mining Claims in the Eureka Mining District of Yavapai County, Arizona, called the Twin Peaks Mine. It also owns 8 Lode and 21 Placer Claims, as well as Picacho Salton Project comprising 106 claims located in the Mesquite Mining District of Imperial County, California. The company was founded in 1989 as The Movie Greats Network, Inc. and changed its name to The Program Entertainment Group, Inc. in 1992. Further, it changed its name to Santa Maria Resources, Inc. in 1997; to Fantasticon, Inc. in 2000; and to USCorp. in 2002. The company is based in Las Vegas, Nevada.
USCS News:
January 31 - Gold Exploration Company USCorp Releases Results of Geophysicist Report of Pink Rhyolite on Picacho Salton Property Valued at $634,000,000 USD
USCorp (OTCBB: USCS) released the results of Geological Support Services report of Pink Rhyolite on a portion of its Picacho Salton Property.
The Picacho Salton Properties consist of 106 California claims located in the Mesquite Mining District of Imperial County. These claims contain precious metals (mostly gold) and they also include 140 acres of Pink Rhyolite (decorative rock) and construction grade aggregate.
According to the Geological Support Services report, estimates of Pink Rhyolite and construction grade aggregate reserves are 12,688,256 tons on the 140 acres to a depth of 50 feet. At the time the report was written, the price for Pink Rhyolite and aggregate was $30 per ton. The current price is averaging more than $50.00 per ton and, at that price, the estimated value of the Pink Rhyolite and aggregate is $634,412,800 USD.
The Geological Support Services report says that this 140 acre deposit is ideally suited for decorative rock and construction aggregate. As decorative rock, it can be mined under a material sales contract from the Bureau of Land Management. The report indicates that aggregate (sand, gravel and crushed rock by-products of the Decorative Rock operation) produces no harmful mine waste or chemicals. In fact, it is part of the Company’s reclamation plan that the aggregate “waste” that is not sold to the highway and housing construction industries will be restored to the site in the reclamation process after mining. The Company believes this waste is beneficial to the local environment because indigenous plants can grow and thrive on the left-over aggregate. The Company cautioned that Critical Desert Tortoise Habitat issues recently encountered by BLM may inhibit mining of decorative rock at this site.
In addition to the precious metals that are in its California properties, the Pink Rhyolite deposit sits on the top of 140 acres making it easily accessible and easy to sell.
USCorp has a high level of confidence in regard to the remaining 1,140 acres based on historical exploration work, which has been confirmed by recent activity. The Company anticipates adding to its gold reserves in the near future as a result of additional scheduled exploration work on its properties in California and Arizona. The discovery of the Pink Rhyolite and construction grade aggregate deposit sitting on top of the ground represents a significant revenue opportunity for the Company.
USCorp is prepared to start operations when necessary BLM contracts have been obtained. The equipment from the rock operation can also be used during the startup operations of the gold constituent to ease initial cost burdens of equipment. The Mining Plan of Operations (MPO) is being revised per the new 43 CFR 3809 regulations for approval by BLM and county authorities.
USCorp, through its wholly owned subsidiaries, USMetals, Inc. and Southwest Resource Development, Inc. owns and develops mineral properties and acquires the rights to explore and mine mineral properties in the United States for gold, silver, uranium, molybdenum, polymetal ores and decorative rock. The company has interests in six gold and silver dominant properties in Arizona and California. More information on the company is available at www.uscorpnv.com. The company’s Class B common stock trades in Europe on the Frankfurt exchange (symbol: U9C.F WKN#A0JEQQ).
For more information about USCorp, go to http://www.uscorpnv.com/ or e-mail info@uscorpnv.com.
LIVEDEAL INCORPORATED (OTCBB: LVDL)
"Up 13.40% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LVDL.php
LiveDeal, Inc., together with its subsidiaries, publishes classifieds and yellow pages online at or through its Web sites in the United States. It offers businesses and consumers a solution for creating a Web presence and marketing their products and services locally. The company, through its online properties, enables buyers and sellers to find and list of business services, merchandise, real estate, automobiles, pets, and various other products in their local communities. LiveDeal primarily provides Internet Advertising Package (IAP), which provides a Mini-WebPage that contains a 40-word description of the business, hours of operation, and detailed contact information. The company also offers standard non commercial classified advertisement; banner and other graphical advertisements to businesses; and an Internet Dial-Up Package, as well as enters into contracts with various third parties for providing hosting, customer service, and certain administrative functions. It markets its products through telemarketing. LiveDeal also publishes yellow pages through http://www.yellow-page.net/, http://www.yp.net/ and http://www.yp.com/. It has strategic relationships with various business partners, including Interchange Corp., Palm, Inc., and Yahoo. The company was founded in 1968 and is headquartered in Mesa, Arizona.
LVDL News:
January 31 - LiveDeal, Inc. Approved for Listing on the NASDAQ Stock Exchange and Symbol Change
LiveDeal, Inc. (OTCBB: LVDL), the nation’s first combined local online classifieds and Yellow Pages marketplace (http://www.livedeal.com/), announced that it has been approved for listing on the NASDAQ Stock Exchange. It is expected that as of the opening of trading on Friday, February 1, 2008, LiveDeal Inc. will begin trading under the symbol LIVE on the NASDAQ stock market.
“The NASDAQ listing is an exciting milestone for us,” said Daniel L. Coury, Sr., Chief Executive Officer, “and we hope that this listing will improve the liquidity of our shares, as many institutional investors who are restricted from buying stock in bulletin board companies are now able to invest in our company.”
PEAK INTERNATIONAL LIMITED (NASD: PEAK)
"Up 4.19% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PEAK.php
Peak International Limited engages in the design, production, and supply of precision engineered packaging products for the storage, transportation, and automated handling of semiconductor devices and other electronic components. It primarily produces matrix and disk drive trays, carrier tapes, disc caddies, and reels, as well as collects and sells recycled matrix trays and reels. The company's products are used for the storage and transportation of semiconductor devices, as well as other electronic components, such as read-write heads for disk drives, connectors, resistors, and capacitors. It serves semiconductor companies, disk drive manufacturers, and subcontract assembly and test companies, as well as manufacturers of disk drives, connectors, sockets, resistors, capacitors, and other types of electronic components in Asia, North America, and Europe. The company was founded in 1992 and is based in Tsuen Wan, Hong Kong. It also has offices in the People's Republic of China, the Philippines, South Korea, Italy, Taiwan, Singapore, Malaysia, and the United States.
PEAK News:
January 31 - Peak International Sets Time for Discussion of Third Quarter Fiscal 2008 Financial Results
Peak International Limited (NASD: PEAK), announced that financial results for the third quarter of fiscal year 2008 ended December 31, 2007 were released after the market closed on Wednesday, January 30, 2008.
A conference call discussing the results of the quarter will be available at (800) 642-1687 (domestic) or (706) 645-9291 (international), access number 32156216 until Feb. 3, and the Web cast will be archived on the company's Web site at http://investors.peakinternational.com/ for 30 days.
BLACK DRAGON RESOURCE COMPANIES (OTC: BDGR)
"Up 8.51% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BDGR.php
Black Dragon Resource Companies, Inc. engages in the acquisition, development, production, and sale of oil and gas, and natural gas properties in the United States. It produces oil and natural gas from marginal stripper wells, whose production has slowed to 1/2 barrels of crude oil per day or less. The company was incorporated in 1996 as Vita Health, Inc. and changed its name to Vita Warehouse Company, Inc. in 1999. Further, it changed its name to Texas Diversified Distributors, Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to Black Dragon Resource Companies, Inc. in December 2004. Black Dragon Resource Companies, Inc. is headquartered in Oil City, Louisiana.
BDGR News:
January 31 - Black Dragon Receives Interim Report From Proposed New Management Team
Joseph Lanza, President of Black Dragon Resource Company (OTC: BDGR) announced that he received a progress update from Summit Resource Management, the team which has been evaluating Black Dragon’s resources and developing a plan to improve the revenues and profitability of the Company. Mr. Lanza stated that Summit is the Group that is developing a business plan for the Company in coordinating with the Funding Group.
Mr. Benjamin Johnson, CEO of Summit, in reporting on the Company’s operation and asset base, noted that, “We have been and are continuing to analyze the Black Dragon properties in order to develop the business plan required by the new funding. In summary, we believe that almost every facet of Black Dragon’s operations has potential for considerable improvement with an impact on profitability and we continue to be excited about the opportunities afforded through the influx of significant new investment funds. The areas we are focusing on are general business management, field maintenance operations, remedial work on existing wells, infill drilling into current producing zones, drilling into new zones on existing leases, and acquisitions of new properties.”
“We are confident that improved business management procedures will have a significant effect on profitability by implementing certain practices, such as quicker decision making, computerization of all field and office activities, and better management control of such financial details, such as accounts receivables. Improved administrative controls will help facilitate achieving the desired profit projections which, we believe, can be realized quickly. Closer monitoring of field activities will also be implemented. All these seemingly small changes will add up to a large improvement in efficiency, increase in oil production, elimination of unnecessary costs, and increased revenue.”
As to the field operations, Mr. Johnson reported to Mr. Lanza that, “Like all of the other producing properties in Black Dragon’s area of operation, many of the existing wells are decades old and their production rates have been reduced through normal, mechanical degradation over time. Over half of all Black Dragon wells are currently not producing or are under-producing due to mechanical limitations. We expect to achieve significant production rate increases through a focused systematic program of remedial well work, where appropriate. New technology can be applied at the time each well is worked on, and careful attention to cost management will facilitate the maximum increase in profitability.
“In addition to work on existing wells, we are identifying a number of potential locations for drilling new wells into currently-producing and/or under-developed horizons on the Black Dragon leases. An oft-quoted principle in the oil industry is that the best place to find new oil is usually in the presence of old oil production areas, which we believe applies here. Although some of the original reservoir oil underlying the new well locations may have been partially recovered, the new wells will increase the overall recovery factor and accelerate the recovery of the remaining reserves to take advantage of economies of scale because the new wells will be drilled using modern technology, and employing appropriate simulation programs where justified. Even very old wells, drilled years ago can now be put into economically valuable production today because of improved methods and equipment.”
Mr. Johnson added that his team had recently made a study of Louisiana State records and concluded that there exists a great opportunity to redrill older wells at different levels, noting that “even though Black Dragon’s leases may appear to be located in a depleted, mature basin, the potential for exploitation of new horizons appears strong.”
Mr. Johnson concluded by reporting that his team is nearing completion of their data collection and analysis process and should be in a position to present its initial report to the Company and the Funding Group in the very near future.
Mr. Lanza concluded by noting that “while the Summit Group will only assume management control upon receipt of funding, at which time, I will resign, they will have already made a substantial contribution to the Company with their recommendations. Change is already underway.”
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