Our Stocks to Watch today include China America Holdings, Inc. (OTCBB: CAAH), SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), Independence Lead Mines (OTC: ILDS), China Health Resources Co., Ltd. (OTCBB: CHRI), Onstream Media Corporation (NASD: ONSM), Victory Energy Corporation (OTCBB: VYEY)
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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 13 - China America Holdings, Big Tree Toys Subsidiary, to Exhibit at Toy Fair 08 in New York
Company Continues to Expand Worldwide Exposure for Its Sales and Logistics Services
China America Holdings, Inc. (OTCBB: CAAH), a diversified holding company operating in both the United States and China, announced that its majority owned subsidiary, Big Tree Toys, Inc., will exhibit at Toy Fair ‘08, sponsored by The Toy Industry Association being held at the Jacob Javits Convention Center in New York City from February 17-20, 2008. The company will be showing and demonstrating new toys and entertainment products from multiple toy manufacturers.
Toy Fair 2008 is another important opportunity for the company to showcase its abilities in sourcing and logistics for toy buyers worldwide. Big Tree has recently exhibited at the International Toys and Games Fair held in Hong Kong January 7-10, 2008. The company presented toys and entertainment products from over 500 manufacturers highlighting new release toys for 2008. The company has focused on quality control safety and offers only toys meeting safety compliance standards.
“Big Tree sales agents met with customers and prospective buyers from over 54 countries from around the world at the Hong Kong event and the company expects to generate new sales and revenue over the next few months from both of these important exhibits,” stated Dore Perler, CEO of China America Holdings, Inc.
Big Tree Toys, Inc. will also exhibit at Toy Fair 08, sponsored by The Toy Industry Association being held at the Jacob Javits Convention Center in New York City from February 17-20, 2008. The company will be showing and demonstrating new toys and entertainment products from multiple toy manufacturers.
China America Holdings, Inc. acquired a controlling interest in Big Tree Toys, Inc., a Chinese Toy sourcing and exporting company located in Shantou, China. Big Tree Toys specializes in sourcing and logistics in the toy and entertainment related industry in China. The company represents over 100,000 toys and entertainment related products.
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 production 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:
February 13 - SpongeTech Delivery System to Donate a Percentage of Puddle Pals Revenues to Help Autistic Children
SpongeTech Donating 3% of all SpongeTech Puddle Pals Revenues to Various Autism Groups and Foundations to Help Autistic Children
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that it will be donating 3% of all SpongeTech Puddle Pals product revenues to various autism groups and foundations which benefit autistic children. One of the biggest challenges that autistic kids face is to be able to become self-sufficient and grow into happy and productive individuals as adults. The Puddle Pals product is fun and easy to use for kids, and SpongeTech has been told that Puddle Pals product can be a great tool to help enable some autistic children to be able to become more self sufficient in their cleaning habits and personal hygiene.
SpongeTech COO Steven Moskowitz commented, "We are really happy to be able to donate a percentage of our Puddle Pals product revenues to various autism foundations to help autistic children live better and more self sufficient lives. It is great to be able to be in a position to give back a little of our success to a very worthwhile cause and we look forward to this opportunity to work with the autism community. We fully expect the Puddle Pals product to be a very popular and successful product in the children's bath product market, and we hope to ultimately be able to contribute a lot more."
For more information, contact Investor Relations at 1-877- SPONGE T for Bill Young or visit the company website at http://www.spongetech.com/.
INDEPENDENCE LEAD MINES (OTC: ILDS)
"Up 156.41% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ILDS.php
Independence Lead Mines Company, an exploration stage company, owns mining claims in the United States. As of March 31, 2007, the company owned 15 patented and 14 unpatented mining claims situated northwest of Lucky Friday Mine in the Coeur d'Alene Mining District, Shoshone County, Idaho. Independence Lead Mines was founded in 1929 and is based in Wallace, Idaho.
ILDS News:
February 13 - Hecla to Acquire Assets of Independence Lead Mines
Hecla Mining Company (NYSE: HL) and Independence Lead Mines (OTC: ILDS) announced that they have signed an agreement for Hecla to acquire substantially all of the assets of Independence Lead Mines Company (ILM), located in northern Idaho’s Silver Valley. Included in the ILM assets are the West Independence property and ILM’s mining claims pertaining to the DIA agreement with the Lucky Friday mine, which includes any future interest or royalty obligation to ILM. The transaction is subject to approval by shareholders of ILM.
In exchange for the assets, Hecla will distribute 6,936,884 of its common shares to ILM shareholders. There is a $1.25 million transaction break-up fee associated with the agreement. The transaction is expected to be completed later in the first quarter of 2008.
ILM President Bernard C. Lannen said, “Our management and board are completely supportive of this transaction. We feel the agreement is best for our shareholders, giving good value and the opportunity to continue to participate in the metals market as Hecla shareholders.”
Hecla President and Chief Executive Officer Phillips S. Baker, Jr., said, “This transaction not only guarantees that Hecla will receive 100% of the future profits of the Lucky Friday Mine, but also helps to consolidate our land position in the Star Morning district. We believe that the future potential of the Lucky Friday mine is tremendous. We look forward to moving ahead expeditiously with our plans for operating improvements, future increases in the resource and the work on our prefeasibility study for possible expansion of production there.”
Hecla Mining Company, headquartered in Coeur d’Alene, Idaho, mines, processes and explores for silver and gold in the United States, Mexico and Venezuela. A 117-year-old company, Hecla has long been well known in the mining world and financial markets as a quality producer of silver and gold. Hecla’s common and preferred shares are traded on the New York Stock Exchange under the symbols HL, HL-PrB and HL-PrC.
CHINA HEALTH RESOURCE (OTCBB: CHRI)
"Up 83.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CHRI.php
China Health Resources Co., Ltd. (CHRI) was incorporated on April 24, 2001. It is one of China's leading industrialized agricultural corporations. CHRI focuses on the production and further processing of Dahurian Angelica Root (DAR), a herb that is widely used in China, and considered to be an important ingredient in Chinese traditional medicine. CHRI's business plan includes distributing DAR and its processed products to exploit a large market in the areas of treatment of pain, swelling and pustule. Good Agricultural Practice (GAP) is a national compulsory criterion for food and drug industries. The goal of GAP is to help agricultural product companies deal with the usual micro-organism harm so as to enhance safety of agricultural products. CHRI has accomplished GAP certification of Chuan DAR, making DAR products and related production technology of the Company part of the industry criteria.
CHRI News:
February 13 - Renowned Chinese Herbal Medicine Development Specialist Joins China Health Resources
China Health Resources Co., Ltd. (OTCBB: CHRI) announced that Jia Minru, famous professor of the Chinese Medicine University and authoritative Chinese physician, joined CHRI recently to be responsible for deep development, high-tech development and systematic research of deep processed products of Chuan DAR GAP.
The joining of Jia Minru will certainly strengthen the research and development force of CHRI. With the technological advantage of CHRI, Jia will take part in realizing the commercial development with more advanced technology and more commercial value for Suining Chuan DAR and its processed products.
Jia has more than 40 years of research experience in medicine and herb resource development. He was the Advisor of the Chinese Medicine Academy, the Dean of Chinese Medicine University, the deputy dean of Chinese Medicine Association, Director of Chinese Medicine and Herb Committee, and a Member of Sichuan New Medicine Assessment Center.
ONSTREAM MEDIA CORPORATION (NASD: ONSM)
"Up 10.25% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ONSM.php
Onstream Media Corporation operates as an online service provider of live and on-demand Internet video, corporate Web communications, and content management applications. Its Digital Media Services Group consists of Smart Encoding, Digital Media Services Platform (DMSP), User Generated Content (UGC), and EDNet divisions. The Smart Encoding division provides automated and manual encoding and editorial services for processing digital media, and online search, retrieval, and streaming of these media, which include photos, videos, audio, engineering specs, architectural plans, and Web pages. The DMSP division offers an online subscription-based service that includes access to enabling technologies and features for clients to acquire, store, index, secure, manage, distribute, and transform digital assets into saleable commodities. The UGC division provides a video ingestion and flash encoder that could be used by its clients on a stand-alone basis or in conjunction with the DMSP. The EDNet division provides connectivity within the entertainment and advertising industries through its managed network, which encompasses production and post-production companies, advertisers, producers, directors, and talent. The company's Web Communications Services Group comprises Webcasting, Infinite Conferencing, and Travel divisions. The Webcasting division provides an array of corporate-oriented, Web-based media services to the corporate market, which include live audio and video Webcasting, and on-demand audio and video streaming. The Infinite Conferencing division offers reservationless and operator-assisted audio and Web conferencing services. The Travel division produces and distributes Internet-based multi-media streaming videos related to hotels, resorts, time-shares, golf facilities, and other travel destinations. The company was founded in 1993 and is headquartered in Pompano Beach, Florida.
ONSM News:
February 12 - Onstream Media Corporation to Report Fiscal 2008 First Quarter Financial Results on February 14
Management to Update Fiscal 2008 Outlook During 4:30 p.m. ET Conference Call
Onstream Media Corporation (NASD: ONSM), an online service provider of live and on-demand internet video, today announced that its management will conduct a conference call at 4:30 p.m. ET on Thursday, February 14, 2008, to discuss its fiscal 2008 first quarter financial results for the period ended December 31, 2007. The Company anticipates releasing financial results and filing its Form 10-QSB after the close of trading on February 14.
During this conference call, Mr. Randy Selman, President and Chief Executive Officer of Onstream Media Corporation and the Company's CFO, Robert Tomlinson, will discuss the Company's financial results as well as an update for the fiscal 2008 outlook. Management discussion will be followed by an open Q&A session.
The teleconference and related webcast will occur on Thursday, February 14, 2008 at 4:30 p.m. Eastern Time. Interested parties may listen to the presentation live online at www.visualwebcaster.com/event.asp?id=46022 or by calling 1-866-682-6100 or 201-499-0416. It is recommended to dial in approximately 10 to 15 minutes prior to the scheduled start time. An audio rebroadcast of the conference call will be archived for one year.
VICTORY ENERGY CORPORATION (OTCBB: VYEY)
"Up 58.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/VYEY.php
Victory Energy Corporation engages in the acquisition and development of oil and gas properties in the United States and Canada. The company primarily owns interests in the Northeast Glasgow Prospect located in Williston Basin Valley County, Montana, which consists of 1,960 acres; and the Skedee prospect in Oklahoma. It also owns joint venture interest in the Mesa gas prospect in Roosevelt County New Mexico. The company was founded in 1982 under the name All Things, Inc. and changed its name to New Environmental Technologies Corporation in 1985. Further, it changed its name to Victory Capital Holdings Corporation in 2003 and to Victory Energy Corporation in 2006. The company is based in Carson City, Nevada.
VYEY News:
February 13 - Victory Energy Completion and Drilling Update
Victory Energy Corporation (OTCBB: VYEY) announced that surface pipe has been set on the second well the Corporation is currently drilling. This new well is a Canyon Sandstone gas zone well located in the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas.
On Saturday, February 9th the first well the Corporation drilled to total depth, was completed with a successful stimulation job. A stimulation job of this nature opens the production zone by fracturing the zone allowing gas to flow into the well bore. Currently a work-over rig has moved onto the well location to begin swabbing the production zone for testing. The Corporation should have preliminary testing results by February 22.
"Due to our own internal level of expertise, coupled with the experience and knowledge of the drilling contractor and completion engineers selected by the Corporation, we are well ahead of our completion and drilling time frames for these two wells," stated Jon Fullenkamp, President of Victory Energy Corporation. "This currently provides for the Corporation to maintain a schedule of drilling up to two wells per month for the next several months."
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