Our Stocks to Watch today include China America Holdings (OTCBB: CAAH), SIRVA, Inc. (OTC: SIRV), Sino Gas International Holdings, Inc. (OTCBB: SGAS), Local.com Corporation (NASD: LOCM)
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CHINA AMERICA HOLDINGS INCORPORATED (OTCBB: CAAH)
Detailed Quote: http://www.otcpicks.com/quotes/CAAH.php
Company Profile: http://www.otcpicks.com/china-america/china-america.htm
China America Holdings, Inc.™ (CAAH) is a diversified Global Holdings Company with operations in the U.S. and China. China America Holdings has three operating divisions.
Shanghai Aohong Chemical Co,, based in Shanghai, China, a distributor of assorted liquid coolants which are utilized in a variety of applications, primarily as refrigerants in air conditioning systems for automobiles, residential and commercial air conditioning systems, and a manufacturer of steel non-refillable cylinders. For more information, please visit the Shanghai Aohong website.
Big Tree Toys, Inc, based in Shantou, China, is an authorized agent for thousands of toy manufacturers in China. Big Tree represents over 8,000 toy manufacturers. Our product offerings include in excess of 180,000 varieties of toy products including remote control toys, digital toys, sports toys, play sets, educational toys, dolls, and infant toys. Big Tree Toys simplifies sourcing products from China. For more information, please visit Big Tree Toys USA and Big Tree Toys website.
Sense Technologies, Inc., based in Ft. Lauderdale, FL, is a leading provider of biometric solutions, and micro-sensor identification systems. Sense develops products targeting Homeland Security, and offers solutions that improve and secure many business, military, and personal processes. Sense owns patents and intellectual property for an MEMS based explosives detection technology licensed through a national government laboratory.
CAAH News:
February 6 - WallStreet Research Initiates Coverage of China America Holdings, Inc. Shares with a Speculative Buy Rating and $0.25 Price Target
Report Available At http://www.wallstreetresearch.org/
China America Holdings, Inc. (OTCBB: CAAH) announced that WallStreet Research has released an analyst research report covering the Company's shares with a speculative buy recommendation with a potential twelve month price target of $0.25 per share. The complete report on China America Holdings, Inc. together with attendant risk factors and additional information about WallStreet Research is available at http://www.wallstreetresearch.org/.
WallStreet Research (WSR) is a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC (ASC). The firm specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities. Mr. Stone was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management and an investment analyst at Prudential Insurance Company's Capital Markets Group. The firm has offices in Los Angeles, CA, Palm Beach, FL, and New York City, NY, and is well known for discovering undervalued companies and bringing them to the attention of the investment community. ASC/WSR also arranges road shows for its publicly traded clients, before the investment community in New York City, California and Florida.
China America Holdings CEO, Dore Scott Perler, recently presented at the Flaherty Financial News/WallStreet Research Small Cap Conference III held at the Penn Club of New York on January 22nd. The webcast of the presentation is archived at www.visualwebcaster.com/event.asp?id=42359 for sixty days following the conference.
MSE ENVIRO-TECH CORPORATION (OTC: MEVT)
Detailed Quote: http://www.otcpicks.com/quotes/MEVT.php
Company Profile: http://www.otcpicks.com/mse-enviro/mse-enviro.htm
MSE Enviro-Tech Corporation (MEVT), a company incorporated under the laws of the State of Delaware, is an agent in technology transfer, dedicated to providing access to world class technologies available today.
Many innovative technologies never gain significant market adoption in the marketplace. This occurs even when there is a major investment in the technology. The common reason for the slow market adoption of innovative technology centers on the challenges of field execution in gaining commitment from high adopting, decision making, prospects. Slow adoption also occurs because of the great expense and long time frames needed to build highly effective sales channels, sales teams and a market presence.
MEVT strives to seek out technologies that meet some or all of the following criteria: a significant technological advancement, have a global market and are socially and environmentally responsible. Our focus is to partner with innovative technology companies and facilitate the adoption of their technologies with our established prospect organizations.
Using a market driven approach to facilitate the identification and acquisition of external technologies, MEVT transfers proprietary technologies to beneficial companies to help develop superior products resulting in a strategic marketplace advantage.
MEVT provides comprehensive solutions for transferring new technologies, managing intellectual property and providing intellectual property consultation. In exchange for facilitating the integration of these technologies into a company’s portfolio MEVT is compensated in the form of cash payment, percentage of gross revenues, equity securities or a combination thereof.
MEVT News:
February 5 - Geneva Bancorp Inc. Expresses Rising Optimism Following Initial Sales of The Hartindo Titan 21 Fire Blanket by MSE Enviro-Tech Inc.
Geneva Bancorp is pleased to note the rapid progress by MSE Enviro-Tech Inc. and Megola Inc. in bringing the promising Hartindo Anti-Fire products to coast-to-coast North American markets.
The achievements in successful product testing, and in focused marketing efforts throughout 2007 culminated in the signing, in November 2007, of a definitive marketing and distribution agreement with Janus Products Corp. covering the Titan 21 Fire Blanket. This Agreement has resulted in the commencement of sales that Geneva Bancorp anticipates expanding rapidly in year ahead.
Initial Sales:
Following close on the heels of its Agreement with Janus, MSE Enviro-Tech announced On December 19, 2007, that distributor Janus Products Corp. had placed its first Purchase Order for the Titan 21 Fire Blanket. The purchase order is comprised of the three models of the Titan 21 anti-fire blanket, (Adult, Infant and Kitchen) and totals 50,000 Titan 21 Fire Blankets to be delivered over the next three months. Janus Products Corp. intends to market the Titan 21 through various agents and retail chains as well as through its own Web site.
Varying in retail price from $19.95 to $79.95 (depending on the model), the ultimate total retail sales represented by this order — if 50,000 Titan 21 Fire Blankets are sold by Janus — is expected to fall somewhere in the middle of a range of $0.9 million to $3.9 million.
MSE Enviro-Tech Inc. and Megola Inc.'s sales revenue from this initial order will naturally vary, as determined by the quantities of each model ultimately purchased by Janus Products Corp., but is tentatively estimated at approximately $1.1 million.
Visit www.janusproductscorp.com/fire_safety for further information on the Titan 21.
Working closely together on pre-launch testing and certification of other promising Hartindo anti-fire products, as well as carrying out advanced negotiations with a view to signing additional definitive distribution agreements with other parties, MSE Enviro-Tech Inc. and Megola Inc. have achieved rapid progress in advancing the following Hartindo anti-fire products to market threshold in North America:
1) Hartindo AF31 Fire Extinguishing Formula.
2) Hartindo AF31 is an effective water-based, environmentally-friendly, multi-purpose, non-toxic and non-corrosive fire extinguisher and inhibitor. AF31 received a Class "A" rating in multiple independent tests carried out in 2007. It is intended to extinguish all types of fire (A, B, C, D and F/K.) Ongoing discussions regarding marketing and distribution arrangements across North America have been encouraging thus far. AF31 has wide ranging applications, from home and business fire extinguishers to fighting forest fires, transport vehicle and petrochemical fires, etc.
3) Hartindo AF21 Fire Inhibitor Formula AF21 is a water-based, environmentally-friendly, multi-purpose, non-toxic and non-corrosive fire inhibitor that independent testing has shown to be a top rated, Class "A" fire inhibitor that can be applied to building materials, furniture, carpeting, clothing, mattresses and many other materials.
4) In August, 2007, MSE Enviro-Tech Corp., WoodSmart Solutions, Inc. and Megola Inc. signed a Letter of Intent ("LOI") to test the feasibility of incorporating the Hartindo AF21 Fire Inhibitor product into WoodSmart's BluWood(R) lumber and other wood-base building products. BluWood(R) is WoodSmart's trademarked name of a family of products coated with a proprietary two-part Infusion Film and DOT Wood Preservative technology, and which provides protection against the costly, damaging effects of mold fungus growth, rot fungi and wood ingesting insects. The objective of the three-company LOI is to hopefully incorporate Hartindo AF21 into the BluWood(R) product line to also provide protection against fire, an obviously valuable addition to the properties of WoodSmart's successful BluWood(R) product line. In subsequent independent tests conducted under the auspices of WoodSmart Solutions Inc. at the Forest Products Development Center at Louisiana State University on the hygroscopic properties of lumber and plywood treated with a mixed solution of BluWood(R) and Hartindo AF21, results showed that materials treated with a combination of BluWood(R) and Hartindo AF21 showed significantly better results than those treated with another widely used fire retardant treatment (FRT), when compared to untreated lumber.
MSE Enviro-Tech Corp. and Megola Inc. are working in concert to aggressively advance the entire Hartindo product line to commercial fruition in the foreseeable future, thus spawning corporate growth and increasing shareholder value for both MSE Enviro-Tech Inc. and Megola Inc., to the benefit of all concerned.
"We look forward with enthusiasm to receiving progress reports from MSE Enviro-Tech Corp. and Megola Inc. regarding sales of the Titan 21 Fire Blanket, as well as developments concerning the commercial launches of these additional promising anti-fire products as they unfold in 2008,” said G. Andre. Trahan of Geneva Bancorp.
SIRVA INCORPORATED (OTC: SIRV)
"Up 114.29% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SIRV.php
SIRVA, Inc., through its subsidiaries, provides relocation and moving services to corporate clients, military/government agencies, and governmental agencies, as well as individual consumers. Its relocation services include home sale, home purchase and home marketing assistance, mortgage origination, destination services, global program consultation and management, expense tracking, compliance reporting, tax reporting, and payroll interface services. It also offers real estate broker referrals, mortgage financing, and moving services. The company's interstate moving services include household goods packing, storage, and transportation. It provides its relocation services through operating centers located in the United States, Asia, continental Europe, the United Kingdom, Canada, Australia, and New Zealand. The company serves various industries, including consumer packaged goods, automotive, manufacturing, business and financial services, retail, technology, and pharmaceuticals. It markets its services under the brand names of SIRVA Relocation, northAmerican, Allied, Global, Allied International, Pickfords, and Allied Pickfords. SIRVA was founded in 1997 and is headquartered in Westmont, Illinois.
SIRV News:
February 5 - SIRVA Reaches Restructuring Agreement with its Lenders
* Files Pre-Packaged Plan of Reorganization
* Secures $150 Million DIP Financing Facility, to Convert to $215 Million Senior
Secured Exit Facility
* Expects Normal Operations to Continue
* Only U.S. Operations are Part of Filing
SIRVA, Inc. (OTC: SIRV), a global relocation services provider, announced that it reached an agreement with its lenders to restructure its senior secured debt through a voluntary, pre-packaged Chapter 11 reorganization, which will allow it to finalize the restructuring of its debt while continuing to operate its business and serve its customers. SIRVA's operations outside of the U.S. are not part of the Chapter 11 filing.
SIRVA said it is taking this action to free up its operations from a heavy debt service burden and to strengthen its balance sheet so that it is better positioned to weather the continuing weak U.S. housing market. The restructuring is embodied in a plan of reorganization which received overwhelming support from the Company's lenders. The plan will reduce SIRVA's outstanding bank debt by approximately $200 million and annual cash interest expense by approximately $54 million. As a result of the plan, the outstanding capital stock of the Company will be cancelled upon consummation of the restructuring.
"SIRVA undertook a comprehensive strategic review to evaluate all the options for restructuring our balance sheet and, after careful consideration, determined that a pre-packaged Chapter 11 filing provided the most efficient way forward for the Company," said Robert W. Tieken, chief executive officer. "We believe this approach is in the best interest of our employees, customers, agents and suppliers because it reduces the excessive amount of interest expense we had to pay, allowing us to dedicate more of our capital to our business operations."
The Company emphasized the Chapter 11 filing will not impact day-to-day operations for employees, customers, agents, suppliers and general business operations in the U.S. SIRVA has sought, and expects to receive, authority to continue to operate on a normal basis during the in-court restructuring, which it expects to complete in 60 to 90 days. These "first-day motions" would ensure that employee pay and benefits are fully protected, all current and future obligations to its customers and agents are fulfilled, and suppliers will be paid in full. Furthermore, as part of its agreement with its lenders, SIRVA will provide a full recovery to the vast majority of its general unsecured creditors.
To supplement its liquidity position, the Company has arranged for debtor- in-possession ("DIP") financing, with an initial commitment of $150 million, from members of its current lender group. The DIP financing will convert into a $215 million senior secured credit facility upon emergence, $130 million of which will be available for revolver borrowings and letters of credit.
"Our financing commitment provides additional reassurance to employees, customers, agents and suppliers that we can meet all of our ongoing commitments," said Mr. Tieken.
"The ability to come to a consensual debt-for-equity agreement with our lenders demonstrates our lenders' belief in SIRVA's business model and their long-term faith in the Company," continued Mr. Tieken. "When our financial restructuring efforts are complete, we will be in a better position to serve our customers and capitalize on new opportunities within the global relocation landscape."
The Company and its domestic subsidiaries filed their voluntary Chapter 11 petitions in U.S. Bankruptcy Court for the Southern District of New York. The main case has been assigned case number 08-10375. Additional information about SIRVA's restructuring is available at the Company's website http://www.sirva.com or via the Company's restructuring information line, 1-866-668-3001. For access to Court documents and other general information about the Chapter 11 cases, please visit www.kccllc.net/sirva.
SINO GAS INTERNATIONAL HOLDINGS (OTCBB: SGAS)
"Up 32.81% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SGAS.php
Sino Gas International Holdings, Inc., through its subsidiaries, engages in the development, construction, and operation of natural gas distribution systems in China. The company also distributes natural gas to residential and industrial users. In addition, it constructs and operates gas stations, and develops natural gas related technologies. The company sells interconnections to its natural gas distribution systems, as well as natural gas to its end customers. The company's industrial customers include owners of hotels, restaurants, office buildings, shopping centers, hospitals, educational establishments, sports and leisure facilities, and exhibition halls. As of December 31, 2006, the company owned and operated approximately 23 natural gas distribution systems, serving approximately 63,000 residential, and 5 commercial and industrial customers in Hebei, Jiangsu, Shandong, and Anhui provinces of China. It had approximately 700 kilometers of pipeline and delivery networks of natural gas. The company was founded in 2001 and is based in Lakeville, Connecticut.
SGAS News:
February 6 - Sino Gas Signs Framework Agreement for a Major Acquisition
Sino Gas International Holdings, Inc. (OTCBB: SGAS) ("Sino Gas" or the "Company"), a leading developer of natural gas distribution systems in small and medium-sized cities, and a distributor of natural gas to residential, commercial and industrial customers in China, signed a framework agreement with Baoding Gas Company ("Baoding Gas") and Baoding Public Utility Group in Baoding, Hebei Province.
According to the agreement, Sino Gas will provide RMB 30 million to cover early-stage expenses in the conversion of Baoding Gas from a government utility to a state-owned enterprise. Sino Gas plans to acquire Baoding Gas after this conversion is complete, and the RMB 30 million spent by the Company will become part of the acquisition cost.
Baoding is the largest city in Hebei Province and the fourth largest city in China, with a population of over 11 million people.
"This potential acquisition will allow us to expand our natural gas distribution network to one of the most populous cities in China," said Mr. Yu-chuan Liu, President and CEO of Sino Gas. "Although we are still a few steps away from the final acquisition of Baoding Gas, we believe that the signed framework agreement is evidence of our capability to operate nationwide and become a leading distributor of natural gas in China."
Sino Gas will continue to negotiate the terms of this acquisition with Baoding Gas and the local government. Sino Gas will also start its due diligence examination and audit of Baoding Gas.
LOCAL.COM CORPORATION (NASD: LOCM)
"Up 35.89% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/LOCM.php
Local.com Corporation provides paid-search advertising services to local and national businesses on the Internet in the United States and Europe. Its services enable businesses to list their products and services in its distributed Internet search results. The company's sponsored listings are derived from its advertiser network, which includes its direct advertisers, as well as indirect advertisers from other paid-search and directory companies. Local.com Corporation supplies these aggregated sponsored listings to its own Local.com Web site and distribution network, which integrates search results into customer's Web sites, in response to targeted keyword searches performed by Internet users on those Web sites. Local.com is a consumer facing destination Web site specializing in local search and provides relevant search results for local business, products and services, and sponsored listings. Its LocalConnect, a search and advertising platform enables its customers to offer local search functionality on their own Web site. Local.com Corporation was founded in 1999. The company was formerly known as eWorld Commerce Corporation and subsequently changed its name to eLiberation.com Corporation. Further, it changed its name to Interchange Corporation in 2003 and to Local.com Corporation in 2006. The company is based in Irvine, California.
LOCM News:
February 6 - Local.com Reports Record January Search Traffic, Expands Direct Sales Force
Local.com Corporation (NASD: LOCM), a leading local search engine, announced that the company reached record search traffic for January 2008, as well as the launch of a significant expansion of the company’s sales efforts.
Local.com reached record traffic of 11.6 million monthly unique visitors in January on http://www.local.com/, and a record 3.8 million monthly unique visitors on Local.com’s associated LocalConnect™ search network.
The company also announced that it has begun to scale its direct sales efforts via outsourced call centers. The planned expansion follows success with the company’s in-house sales efforts during the second half of 2007.
“Our search traffic continues to grow, particularly on our LocalConnect network, which was augmented with the acquisition of PremierGuide in mid-2007. This represents growth in organic traffic, a key objective for us during 2008,” said Heath Clarke, Local.com chairman and chief executive officer. “The other key objective is building our own advertiser base, and we’ve expanded our sales teams significantly. This provides us with access to a large pool of talented and professional sales personnel who are experienced in the sale of online ad products. I look forward to providing additional detail during our upcoming earnings call.”
Local.com will conduct a conference call with analysts and investors at 5:00 p.m. ET on Wednesday, February 20, 2008, following the release of its fourth quarter and full year 2007 financial results at approximately 4:30 p.m. ET on the same date. Heath Clarke, chairman and chief executive officer, Bruce Crair, president and chief operating officer, and Doug Norman, chief financial officer, will host the call and also discuss the company's 2008 outlook.
Investors and analysts can participate in the call by dialing 1-866-362-4831 or 1-617-597-5347, passcode # 99742898. To listen to the webcast, or to view the press release, please visit the Investor Relations section of the Local.com website at http://ir.local.com/.
All site traffic and usage statistics are from third-party service providers engaged by the company.
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