Our Stocks to Watch tomorrow include Canadian Blue Gold Inc. (OTC: CBGC), Diamant Art Corporation (OTCBB: DIAAF), Valence Technology, Inc. (NASD: VLNC), e-Smart Technologies, Inc. (OTC: ESMT), VitalTrust Business Development Company (OTCBB: VTBD) and TerreStar Corporation (NASD: TSTR).
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CANADIAN BLUE GOLD (OTC: CBGC)
"Up 185.71% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/CBGC.php
Canadian Blue gold bottles and sells water sourced from Northern Quebec springs in Canada and other exclusive healthy beverages. The company has offices in Los Angeles, California, Orlando, Florida and Montreal, Canada.
CBGC News:
February 7 - Canadian Blue Gold Announces Regulatory Approval of Merger With Boreal Water Collection Inc.
Canadian Blue Gold Inc. (OTC: CBGC) announced that the Merger Agreement with Boreal Water Collection Inc. has been approved by the regulatory authorities. The merger is effective immediately and the new corporate websites are www.borealwater.com and www.saintelie.com.
ABOUT BOREAL WATER COLLECTION INC.
Boreal Water Collection's goal is to become the leading producer of high-end private label bottled water in North America. BOREAL plans to achieve this goal by developing its affiliation with Les Sources Saint-Elie Inc., a Canadian company that has been the leading producer of high-end private label bottled water in Eastern Canada over the last decade. BOREAL is committed to providing its customers with the highest quality private label bottled water products at affordable prices; supported by a wide range of products and an outstanding level of customer service. Its product line, which features various labels and shapes and sizes of water bottles, is the most impressive in the market. In today's health-conscious society, private label bottled water is an effective and highly desirable vehicle to promote businesses. Because Boreal provides a turn-key project, it is able to offer its service to almost every type of corporate customer.
Production Facilities - Boreal Water Collection plans to develop a national network of bottled water production facilities through an aggressive acquisition program and via selective joint ventures.
Distribution network - Boreal Water Collection, with its acquired know-how and its exclusive product offering, will expand by selling distribution licenses to selected well-established distributors, in addition to developing its own national corporate accounts.
ABOUT SAINT ÉLIE
Les Sources Saint-Élie Inc. is a leading producer of high-end private label bottled water in Eastern Canada. Saint-Élie offers a variety of bottle sizes: 18.9L, 11L, 4L, 1.5L, 1L, 500ml, and 410ml. From a concept right through to the application, Saint Elie can assist your company in attaching its name to its naturally pure and healthy product. Saint-Élie water is naturally filtered for over 60 years through a very hard natural crystalline rock shield, hence giving it a superior level of purity and taste.
Les Sources Saint-Élie Inc. was honoured with the prestigious "Superior Taste Award 2007" for its quality and superior taste of its certified natural spring water. This international recognition is given by the International Taste and Quality Institute, a Belgium organisation of Europe's leading chefs and sommeliers dedicated to judging and honouring superior tasting food and beverages. Products are evaluated by panels of renowned European Chefs and Sommeliers, member of the 11 most prestigious European culinary organizations such as the Maitres Cuisiniers de France, Academia Espanola de Gastronomia, Federazione Italiana Cuochi, Verband der Koche Deutschlands, Maitre Cuisiniers de Belgique, Association de la Sommellerie Internationale. The blind test centered around five criteria: visual aspect, aroma, taste, texture and overall assessment.
For more information on Canadian Blue Gold, please visit the Company corporate Web site at www.borealwater.com and/or www.saintelie.com and/or contact Canadian Blue Gold's Investor Relations firm Equiti-trend Advisors. Representatives are available on market days from 9:30 a.m. to 5:30 p.m. EST by calling (800) 953-3350.
DIAMANT ART CORPORATION (OTCBB: DIAAF)
"Up 66.67% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/DIAAF.php
Diamant Art Corporation primarily engages in the production, distribution, and marketing of replications of original paintings. It produces replications of original paintings that incorporate brushwork texture, including oil, acrylic, and other textured pigment mediums under the name Artagraph using its patented and proprietary technologies. The company manufactures reproductions of impressionist and postimpressionist paintings, as well as paintings by contemporary artists. It also contracts with art publishers, and produces and sells replications of contemporary works of art. Diamant Art supplies its catalogue products to retail store or art gallery customers in Canada and the United States. In addition, the company intends to manufacture a non-PVC (poly vinyl chloride) food packaging stretch film, under license from Diamant Plastics Corp. and under the trade name DIAMANT. Diamant Art was incorporated in 1986. It was formerly known as ART International, Inc. and changed its name to ART International Corporation in 2003. Further, the name was changed to Diamant Art Corporation in 2004. The company is headquartered in Markham, Canada.
DIAAF News:
February 7 - Google, the Internet Giant, Orders Bio-Degradable Film From Diamant, as Google Fulfills Commitment to Convert to Eco Friendly Solutions in an Effort to Contribute to Global Preservation
Diamant Art Corporation (OTCBB: DIAAF) announced that, through its wholly owned subsidiary, Bio-Plastics Film Inc., it has received an order for bio-degradable plastic film from Google based on their commitment to become a company that in every way consumes responsibly in the light of our ecological global crisis. The NON-PVC plastic bio-degradable film will be used for the Company's internal requirements.
This purchase is based on a comprehensive plan that Google has committed to execute implementing some environmentally sound strategies that include reducing energy consumption by maximizing efficiency, investing in and utilizing renewable energy sources, and purchasing carbon offsets for the emissions that can't directly reduced.
This current initiative is part of Google's continuing commitment to a clean and green energy future. Google has been making great strides in converting to eco friendly solutions and optimizing energy efficiency to making the business environmentally sustainable.
Last spring Google announced that it would be carbon neutral for 2007 and beyond. The Company has taken concrete steps to reduce the carbon footprint and accelerate improvements in green technology. In addition to "greening" the Company, they have announced that they are also cooperating with members of the tech community to improve efficiency on a broader scale.
VALENCE TECHNOLOGY INCORPORATED (NASD: VLNC)
"Up 36.24% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/VLNC.php
Valence Technology, Inc., together with its subsidiaries, engages in the commercialization of phosphate-based lithium-ion rechargeable battery technology, known as Saphion. The company offers various Saphion technology-based power systems, including N-Charge and U-Charge. The N-Charge power system is a stand-alone tool that provides power for various portable electronic devices, such as a notebook computer, cell phone, and personal digital assistant. The U-Charge power system is offered as a replacement for lead acid batteries systems, which would be used in applications, such as electric vehicles, wheelchairs, scooters, robotics, marine, remote power, military, back-up, and various other devices. It markets its products through national retailers, distributors, and resellers, as well as directly through its sales force and Web site in the United States and internationally. The company was founded in 1989 and is headquartered in Austin, Texas.
VLNC News:
February 7 - Valence Technology and The Tanfield Group Plc Sign a Supply Agreement for Lithium Phosphate Battery Packs
Valence Technology, Inc. (NASD: VLNC) announced that it has entered into a contract with The Tanfield Group Plc (LSE: TAN) to manufacture and supply safe, Lithium Phosphate energy storage systems to power zero emission, all-electric commercial delivery vehicles. The Valence battery systems will be installed in leading-edge vans and trucks produced by Tanfield's UK-based trading division, Smith Electric Vehicles, the world's largest manufacturer of electric vans and trucks.
Under the agreement, Tanfield will purchase up to $70 million of Valence products in the contract's first phase and Valence has already received a firm purchase order for the first calendar quarter.
The agreement will also result in Tanfield becoming the first volume customer for Valence's third generation Lithium Phosphate Epoch(tm) technology, a battery system equipped with an advanced management system that monitors and automatically adjusts cell performance so battery packs operate at their optimum performance capacity. Epoch benefits include a fail-soft capability that is designed to eliminate system failure caused by a single cell and to have a life cycle comprised of more than 2000 charge cycles when deep discharged in demanding electric vehicle applications.
"The Valence Epoch System which we introduced at the December 2007 EVS-23 show has the potential to move the industry closer to the tipping point when EVs and plug-in HEVs will be broadly adopted and deployed," said Robert L. Kanode, president and CEO of Valence. "We believe that Valence is the first Lithium Phosphate battery producer to have the sourcing and manufacturing capability and start-to-finish infrastructure to immediately ship safe, reliable, Lithium Phosphate energy storage systems in the quantities demanded by the electric vehicle market. For the past six months we have been working to scale up our proven operational capabilities to meet anticipated demand."
Darren Kell, Chief Executive of The Tanfield Group Plc, said "We are constantly looking for new, cost-effective technologies that can improve our zero emission commercial electric vehicles and broaden our customer base. The Valence battery pack is an efficient, inherently robust and reliable system that gives us greatly increased flexibility in vehicle design."
Tanfield launched the first of its new generation of Smith zero-emission commercial vehicles in December 2006 and has quickly developed a wide customer portfolio across the UK and mainland Europe, including Sainsbury's Online, the Royal Mail, TNT Express, Carlsberg, Balfour Beatty, Amey Construction and DHL Exel Supply Chain. Smith launched its first United States-specific vehicle at EVS-23 in California in December 2007.
E-SMART TECHNOLOGIES (OTC: ESMT)
"Up 30.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/ESMT.php
e-Smart Technologies, Inc., a development stage company, engages in the creation, marketing, manufacture, installation, operation, and maintenance of biometric identification verification systems. These systems utilize Biometric Identification Verification Security System platform, which consist of the Super Smart Card, readers, operational software, and a communication technology that ensures that the transmission of data throughout the system is secure and reliable. The company is based in New York, New York.
ESMT News:
February 7 - e-Smart(R) Technologies Delivers Its New Super Smart Card(TM) in South Korea
e-Smart(r) Technologies, Inc. (OTC: ESMT), with its parent company IVI Smart Technologies, Inc. ("e-Smart"(r) or the "Company"), announced that it has delivered the Company's newest Super Smart Card(TM), the "I AM"(TM) to Hubro Co., in South Korea.
Both companies celebrated the delivery of the "I AM"(TM) card during a ceremony that was held at e-Smart's(r) Marketing Center in Seoul, Korea presided over by Mr. Teawon Park, the CEO of Hubro, and Daniel Park, e-Smart's(r) Executive Director in Korea, with e-Smart(r) Korea and Hubro executives in attendance. e-Smart's(r) newest Super Smart Card(TM), the "I AM,"(TM) will be utilized in Hubro's security access control and on-line internet security, and additional applications can be added in the future.
Richard Kim, the Managing Director of e-Smart(r) Korea said, "This is a very big day for e-Smart(r). Our outstanding inventors and talented team of engineers have accomplished a major milestone in the production of our new e-Smart(r) Super Smart Card(TM) and we're all very proud of their hard work, persistence and determination to achieve this important milestone."
Mary Grace, CEO of e-Smart(r) said, "I am so very proud of all of our great e-Smart(r) team who have achieved this major milestone. We are eager to begin an aggressive rollout schedule to start fulfilling all of the Company's revenue producing contracts in Korea, Asia and around the world, and meeting our goal of creating substantial shareholder value from the revenues produced by these contracts."
e-Smart(r) Technologies, Inc., is the exclusive supplier of the Biometric Verification Security(TM) (BVS2(TM)) system, the "I AM"(TM) card and the Super Smart Card(TM) system and related system technologies for Asia, Africa and the U.S., which e-Smart(r) believes to be the world's first smartcard of its kind with an on-card sensor and a full match on-card system and other unique technologies for secure biometric ID verification. e-Smart's(r) next generation technologies allow governments, public and private institutions, healthcare providers and insurers, companies large and small, to provide a superior level of protection. The "I AM"(TM) card, Super Smart Card(TM) system and BVS2(TM) security system can secure countries from criminal and terrorist threats, stop ID and payment fraud, along with identity theft in connection with physical and logical access and financial transactions, including telephone, Internet payment and other financial and data related transactions all while protecting individual privacy.
VITALTRUST BUSINESS (OTCBB: VTBD)
"Up 28.57% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/VTBD.php
VitalTrust Business Development Corporation operates as a closed-end management investment company. It provides equity and long-term debt financing to small and medium-sized private companies in various industries in the United States. The company holds 100% interest in American Card Services, Inc., which intends to make investments in financial services and real estate entities; and Entellectual Solutions Properties Group, Corp., which develops, acquires, integrates, and delivers various technologies and solutions to the market. Entellectual Solutions Properties Group owns three product lines: Campus, an enterprise level application service provider designed as a productivity enhancement system; VitalTrust, a network of community healthcare information utilities for healthcare information archive and provider share technology; and Health Centrics, a medical practice manager designed from the outset in the application service provider model. VitalTrust Business Development Corporation is based in Tampa, Florida.
VTBD News:
February 7 - VitalTrust and Earth First Technologies Agree to Transfer of Palm Oil Supply Agreement and Facility Lease
VitalTrust Business Development Company (OTCBB: VTBD) ("VTBD" or the "Company") and Earth First Technologies, Inc. (OTC: EFTI) ("EFTI") jointly announced an agreement by which VTBD will assume all rights and obligations of the Lease Agreement and Palm Oil Supply Contract that EFTI entered into with Loder Croklaan USA, LLC. This agreement and contract, which were entered into in April 2007, contemplates the retrofit of an existing Bio-Diesel facility in Channahon, Illinois and a 15 year uninterrupted supply contract for Palm Oil to supply this facility and others in the Untied States. Under the terms of the Agreement, the Company will issue an undisclosed amount of stock to EFTI and anticipates completing the transaction upon completion of the Company's election to withdraw from being treated as a business development company under the Investment Company Act of 1940.
"Our business plan calls for a vertically integrated Renewable Energy structure that will have production of Bio-Diesel as one of its main components," commented Alex H. Edwards III, VitalTrust CEO. "This is the first in a number of actions that the Company is pursuing with regards to increasing our portfolio of assets which will enable us to deliver Renewable Energy to the World."
TERRESTAR CORPORATION (NASD: TSTR)
"Up 4.63% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/TSTR.php
TerreStar Corporation, through its subsidiaries, owns wireless communications businesses in North America. The company, through its subsidiary TerreStar Networks, Inc., plans to build, own, and operate an Internet protocol based integrated satellite and terrestrial communications network to provide mobile communication services in the United States and Canada. Motient, through its another subsidiary, TerreStar Global, Ltd., also plans to build, own, and operate a Pan-European resilient, interoperable two-way communications network to address public protection and disaster relief, as well as provide broadband connectivity in rural regions. The company was founded in 1988. It was formerly known as Motient Corporation and changed its name to TerreStar Corporation in August 2007. The company is headquartered in Reston, Virginia.
TSTR News:
February 7 - TerreStar Announces Strategic Investment by EchoStar, Harbinger & Other Investors - Transaction Facilitates Funding through Satellite Launch and will Enhance TerreStar's Nationwide Spectrum Footprint
TerreStar Corporation (NASD: TSTR) and its subsidiary TerreStar Networks Inc. (TerreStar), which is building the nation's first integrated mobile satellite-terrestrial (MSS/ATC) communications network, today announced that EchoStar Corporation (NASD: SATS), Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund LP (collectively, Harbinger) and other investors have entered into a series of separate agreements constituting a commitment of $300 million in investments in TerreStar - with $200 million made available today at closing and the balance dedicated to funding the TerreStar-2 satellite.
As part of these transactions, TerreStar Corporation will also obtain an enhanced nationwide spectrum footprint through separate rights to certain 1.4 GHz spectrum currently held by EchoStar and Harbinger.
"These strategic investments will help drive long-term shareholder value and ensure that TerreStar has access to the requisite capital to achieve its operational launch by the end of 2008. Also, the enhanced nationwide spectrum footprint can help TerreStar accomplish its mission to offer reliable, interoperable satellite-terrestrial communications and next-generation applications for the commercial, government, rural and public safety sectors throughout North America," stated Robert H. Brumley, TerreStar chief executive officer and president.
"We are gratified that Harbinger and our other investors have strengthened their ongoing commitment to the Company - and we are excited that EchoStar has become a strategic partner," added Brumley. "Additionally, we look forward to working with EchoStar to identify new and exciting business opportunities between the two companies," added Brumley.
As a result of this transaction, both the Boards of Directors of TerreStar Corporation and TerreStar Networks Inc. will expand to eight members with EchoStar and Harbinger each having the right to nominate two members to each board.
"We welcome the new additions to the board," added Brumley. "We value the continued advice and support from our current board members and look forward to an enhanced board with a wealth of experience in growing successful enterprises."
In addition to shareholder approval of the transaction, the spectrum transactions will also be subject to certain government approvals.
This financing will be used in part to fund the completion and launching of TerreStar-1. Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications, the manufacturer of TerreStar-1 today reported that "the main body is 100 percent complete; reference performance testing is underway; and TS-1 is scheduled to enter TVAC [Thermal Vacuum testing] on February 16, 2008." However, SS/L also reported that issues concerning TS-1's feed array could delay the delivery and launch of the satellite by three months. SS/L stated that it will provide a more definitive schedule after additional testing is completed in April 2008. Arianespace, the launch provider for TerreStar-1, has confirmed that it can launch the satellite during the December 2008 - February 2009 launch window under the innovative "launch on demand" contract between TerreStar and Arianespace.
Terms of the EchoStar Investment:
The investment by EchoStar consists of the purchase of $50 million of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation's Common Stock based on a conversion price of $5.57 per share. EchoStar will also make up to $50 million of loans under a new Loan Agreement, the proceeds of which will be used to make milestone and incentive payments on the TerreStar-2 satellite. EchoStar has also purchased $50 million of additional secured PIK notes under TerreStar Corporation's existing indenture. Finally, EchoStar and TerreStar have agreed that EchoStar will provide an exclusive right to use EchoStar's current 1.4 GHz spectrum, with an option to purchase the spectrum in exchange for the issuance of 30 million shares of TerreStar Corporation's Common Stock.
Terms of the Harbinger Investment:
The investment by Harbinger consists of the purchase of $50 million of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation's junior participating preferred stock, which in turn, subject to certain conditions, is convertible into common stock, at a conversion price of $5.57 per share. Harbinger will also make up to $50 million of loans under a new Loan Agreement, the proceeds of which will be used to make milestone and incentive payments on the TerreStar-2 satellite. Further, following shareholder approval, Harbinger will assign to TerreStar Corporation its rights to acquire certain 1.4 GHz spectrum licenses in exchange for 1.2 million shares of newly issued, non-voting junior participating preferred stock (which is convertible into 30 million shares of TerreStar Corporation's Common Stock under certain circumstances).
In addition, certain existing TerreStar Corporation shareholders have purchased in the aggregate $50 million of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation's common stock at a conversion price of $5.57 per share.
The securities were sold in a private transaction under the Securities Act. The securities have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Copies of related documents filed with the Securities and Exchange Commission (SEC) will be available on the SEC's Web site (www.sec.gov) under the company name "TerreStar Corporation" and through the TerreStar Investor Relations link at http://phx.corporate-ir.net/phoenix.zhtml?c=110135&p=irol-irhome.
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