Our Stocks to Watch today include China America Holdings, Inc. (OTCBB: CAAH), IONA Technologies PLC (NASD: IONA), Golden Eagle International, Inc. (OTCBB: MYNG), Point Blank Solutions, Inc. (OTC: PBSO), Double Eagle Holdings, Ltd. (OTCBB: DEGH)
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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.
IONA TECHNOLOGIES (NASD: IONA)
"Up 16.36% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IONA.php
IONA Technologies PLC, together with its subsidiaries, provides infrastructure software. The company offers Artix and Orbix product families, as well as Celtix family of open source distributed SOA infrastructure software products. Its products include Artix, an enterprise service bus product that provides Web services-based integration software for enterprises with multiple generations of business applications, technologies, and architectures; and Orbix, an infrastructure software platform that facilitates enterprise information technology organizations with security, asynchronous messaging, management, transactions, load balancing, and fault tolerance services. The company's Celtix family of open source infrastructure software products includes Celtix Enterprise, an enterprise service bus product; Celtix Advanced Service Engine for service enablement; and Celtix Advanced Messaging, a messaging infrastructure. It also offers professional services, including customer support and maintenance, as well as design, consultation, education, and product implementation services. IONA Technologies serves various customers in the financial services, telecommunications, manufacturing/distribution, government, healthcare, and information technology sectors. The company was founded as IONA Technologies Limited in 1991 and changed its name to IONA Technologies PLC in 1997. IONA Technologies is headquartered in Dublin, Ireland.
IONA News:
February 8 - IONA Technologies Confirms Buyout Bid
The Board of IONA Technologies PLC (NASD: IONA) has noted recent press speculation and confirms that it has received an unsolicited preliminary expression of interest from a third party to acquire the Company, which may or may not lead to a formal offer being made to acquire all of the outstanding shares of the Company.
It should be emphasized that the expression of interest is very preliminary and is subject to a number of conditions. Accordingly, no assurances can be given that a formal offer will be forthcoming or that any transaction will occur. The Company does not anticipate making another announcement in regard to this matter unless a definitive transaction is agreed to, other than as may be required by applicable law.
The holder of 1% or more of any relevant securities in the Company may from the date of this announcement have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2001 to 2005, as applied, with amendments by the European Communities (Takeover Bids (Directive 2004/25/EC)) Regulations 2006.
The Directors of IONA accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they take responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.
GOLDEN EAGLE INTERNATIONAL (OTCBB: MYNG)
"Up 20.37% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MYNG.php
Golden Eagle International, Inc. engages in the minerals industry operations with a focus on gold and copper in the Republic of Bolivia. It owns interests in the Cangalli claims covering an area of 5,000 acres and Tipuani prospect consisting of 7,000 acres, which are located in western Bolivia; and Precambrian prospect covering 111,500 acres, Buen Futuro claim comprising 2,500 acres, and Cobra claim that cover 22,500 acres located in eastern Bolivia. The company was founded in 1988 under the name Beneficial Capital Financial Services Corp. and changed its name to Golden Eagle International, Inc. in 1995. Golden Eagle International is headquartered in Salt Lake City, Utah.
MYNG News:
February 7 - Golden Eagle Settles Litigation and Other Issues With Former Director
Golden Eagle International, Inc. (OTCBB: MYNG) announced that it has settled its litigation and all other pending issues with Kevin K. Pfeffer, a former member of the Company's board of directors who served from January of 2003 through December of 2006.
As a result of two agreements executed among all of the parties that became effective as of February 1, 2008, Golden Eagle voluntarily dismissed a lawsuit on January 29, 2008 that it had filed in the Federal District Court for Utah on September 5, 2007 entitled, "Golden Eagle International, Inc. and Turner v. Kevin K. Pfeffer," 2:07-CV-662-TC (D. Utah; 2007).
In addition, the Company settled an outstanding promissory note and other associated expenses that it owed Mr. Pfeffer from his time on Golden Eagle's board.
The agreements among the parties also resolve "any and all outstanding allegations, claims, disputes and controversies."
"I am pleased that we have settled our differences amicably, which I hope will make it easier for the Company to move forward in developing its opportunities in Bolivia and Nevada," stated Kevin K. Pfeffer. "Highly favorable gold and copper prices, and the Company's ongoing development work, I believe made it clear to all parties that the time had come to focus single-mindedly on creating real value for Golden Eagle's shareholders without distraction."
Golden Eagle's CEO Terry Turner stated: "We appreciate Mr. Pfeffer's years of service on our board of directors and are glad to have these matters resolved. We will now concentrate 100% of our energies on advancing our gold and copper exploration and production projects in Bolivia and Nevada."
Golden Eagle International, Inc. is a gold and copper exploration and mining company headquartered in Salt Lake City, Utah and with offices also in Santa Cruz, Bolivia. The Company is concentrating its efforts on expanding its pilot operations into production operations on its gold project on the C Zone within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield. The Company is also continuing the development of its Buen Futuro A Zone gold and copper project. In addition, Golden Eagle is working with industry consultants regarding the potential expansion of its operations through maximizing the potential of, or selling to third parties and reinvesting the proceeds from, its Gold Bar 3,500 to 4,500 tpd CIP mill located in Eureka, Nevada.
The Company highly recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its Web site: http://www.geii.com/.
POINT BLANK SOLUTIONS (OTC: PBSO)
"Up 17.46% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PBSO.php
Point Blank Solutions, Inc., through its subsidiaries, engages in the manufacture and marketing of protective body armor and health related sports braces, and related equipment in the United States and internationally. It offers bullet and projectile-resistant garments, fragmentation protective vests, slash and stab protective armor, and related ballistic accessories, which are used by military, law enforcement, security, and corrections personnel, as well as government agencies. The company also manufactures and distributes sports medicine, health support, and other products, including various knee, ankle, elbow, wrist, and back supports and braces that assist serious athletes, weekend sports enthusiasts, and general consumers in their sports and everyday activities. Its body armor products and related accessories protect individuals from bodily injury and death from various threats, including bullets, knives, shrapnel fragments, and other sharp instruments. In addition, Point Blank Solutions involves in designing, building, and selling advanced systems that safeguard its users from a range of threats. The company sells its health support products under FLEX-AIDTM brand name through contracts, sales agents, and a network of distributors; and private labels or store brands through mass merchandisers, chain drug stores, food chains, independent sporting goods retailers, independent pharmacies, catalogs, wholesalers, and e-commerce. It serves national retail establishments and established wholesalers in the healthcare industry. The company was founded in 1992. It was formerly known as DHB Industries, Inc. and changed its name to Point Blank Solutions, Inc. in October 2007. Point Blank Solutions is headquartered in Pompano Beach, Florida.
PBSO News:
February 8 - Steel Partners Nominates Five Highly Qualified Director Candidates for Election to the Point Blank Solutions Board
Steel Partners II, L.P. (“Steel Partners”) announced that it has nominated a slate of five highly qualified director nominees for election to the Board of Directors of Point Blank Solutions, Inc. (OTC: PBSO) (“PBSI” or the “Company”) at the Company’s 2008 Annual Meeting of Shareholders. Steel Partners, which beneficially owned 3,441,922 shares of common stock of the Company as of February 7, 2008, constituting approximately 6.7% of the Shares outstanding, detailed its intention in a written notice to the Corporate Secretary of Point Blank.
On October 30, 2007, Steel issued a letter to the Company stating its willingness to enter into negotiations to acquire all of the common stock of PBSI it does not already own for no less than $5.50 per share in cash, representing at least a 23% premium to PBSI’s closing price on October 29, 2007. PBSI management subsequently rejected Steel’s offer.
Steel stressed at the time its extensive experience working with and maximizing the value of other public companies in the defense industry, including United Industrial Corporation, Aydin Corp., ECC International Corp. and Tech-Sym Corp. PBSI’s core business is the manufacturing of body armor and protective clothing for the military and law enforcement.
Steel Partners director nominees include:
* James R. Henderson is a Managing Director and operating partner of Steel Partners LLC. He has been associated with Steel Partners LLC and its affiliates since August 1999. Mr. Henderson has more than 26 years of experience as an operating executive with various companies, including defense companies such as ECC International Corp. and Aydin Corp. and with the defense and military division of UNISYS Corp. He also served as a director of the defense company Tech-Sym Corp.
* Terry R. Gibson is a Managing Director of SP Corporate Services LLC, a management services company owned by Steel Partners. Mr. Gibson has served as a director and Chief Executive Officer of CoSine Communications, Inc., a global telecommunications equipment supplier, since January 2005 and as Executive Vice President and Chief Financial Officer since joining CoSine in January 2002. Between 1996 and 2002, Mr. Gibson served as Chief Financial Officer of Calient Networks, Inc., Ramp Networks, Inc. and GaSonics, International. He also served as Vice President and Corporate Controller of Lam Research Corporation from February 1991 through June 1996.
* General Merrill A. McPeak is the President of McPeak and Associates, a management-consulting firm he founded in 1995. General McPeak was Chief of Staff of the United States Air Force from November 1990 to October 1994, when he retired from active military service. General McPeak was for several years Chairman of ECC International, a Florida-based simulation and training company. Currently, General McPeak is Chairman of the board of directors of Ethicspoint, Inc., a company providing confidential corporate governance compliance and whistleblower reporting services. General McPeak has served as a director of several other public companies, including Del Global, Tektronix and TWA.
* Robert Chefitz has over 25 years of experience investing in security, technology and biotech companies. Since 2002, Mr. Chefitz has been a Managing Member of NJTC Venture Fund, a private equity fund. During this time, Mr. Chefitz also founded Egis Capital Partners, a fund focused on private equity investments in the security and homeland defense industry. Since 2003, Mr. Chefitz has served as a director of biotech firm Redpoint Bio Corporation. From 1990 until 2002, Mr. Chefitz was a general partner of Apax Partners (formerly Patricof & Co. Ventures, Inc.), where he played an integral role in raising over $1.5 billion for investment in various industries. Mr. Chefitz is a past president of The New York Venture Capital Forum.
* Bernard C. Bailey has more than 25 years operational experience in the high-tech and security sectors. Since September 2006, he has served as Chairman and CEO of Paraquis Solutions LLC, a consulting and IT strategy firm. Mr. Bailey has also served as a director of Telos Corporation and a director of Lasercard Corporation, since 2006, and is currently the Chairman of the Board of Lasercard Corporation. From August 2002 to 2006, Mr. Bailey served as President, CEO and a director of Viisage Technology, Inc., a company that provides identity solutions for security credentials. Previously, Mr. Bailey served as the Chief Operating Officer of Art Technology Group, Inc. Earlier in his career, Mr. Bailey served in various capacities at IBM Corporation, including several executive positions. A graduate of the U.S. Naval Academy, Mr. Bailey served for eight years as an officer in the US Navy.
DOUBLE EAGLE HOLDINGS (OTCBB: DEGH)
"Up 11.11% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DEGH.php
Double Eagle Holdings, Ltd. does not have significant operations. Previously, the company was engaged in investing and revitalizing single family homes in established residential neighborhoods in suburban areas. The company was founded in 1985. It was formerly known as Network Systems International, Inc. and changed its name to Onspan Networking, Inc. in 2001. Further, the company changed its name to Double Eagle Holdings, Ltd. in 2006. Double Eagle Holdings is based in Charlotte, North Carolina.
DEGH News:
February 7 - Double Eagle and Zatso Choose University of Oklahoma for Test Market of Web-Based Social Gaming
Double Eagle Holdings, Ltd. (OTCBB: DEGH) announced that the University of Oklahoma has been chosen as the initial test market for its groundbreaking social gaming and networking model.
“By forming partnerships with businesses and institutions in Norman, OK, we are giving students at OU the chance to play Zatso and compete with one another for cash and prizes while being the first to experience and evaluate Zatso,” stated Samuel J. Bein, Vice-President of Business Development.
Zatso is one of the first games of its kind to provide gamers with a competitive experience that is both virtual and active, combining all forms of gaming in every subject imaginable. Players will compete online and in the marketplace, completing challenges ranging from complex, web-savvy experimental challenges to scavenger hunts around the city of Norman on quests that will be fun, exciting and compelling. Ultimately, millions of players will compete with each other while simultaneously offering the players a chance to network with friends and make new acquaintances (www.playzatso.com).
“This is a great opportunity for OU to experience an exciting new interactive service that has never been done before,” Bein said. “Not only will Zatso provide interactive social gaming exploration in an unrivaled new format, but it will also provide extensive data and marketing potential for this young adult demographic.”
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