Our Stocks to Watch tomorrow include Independence Lead Mines (OTC: ILDS), JC Data Solutions, Inc. (OTC: JCDS), Victory Energy Corporation (OTCBB: VYEY), Vyrex Corporation (OTCBB: VYXC), Stereo Vision Entertainment, Inc. (OTCBB: SVSN) and GiraSolar, Inc. (OTC: GRSR).
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"Up 157.83% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ILDS.php
Independence Lead Mines Company, an exploration stage company, owns mining claims in the
ILDS News:
February 13 - Hecla to Acquire Assets of
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
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
JC DATA SOLUTIONS (OTC: JCDS)
"Up 122.22% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/JCDS.php
JC Data Solutions is an ACH service provider and a manufacturer of data management systems and services. JCDS solutions are targeted to Healthcare, Attorneys and the Oil and Gas industries.
JCDS News:
February 13 - JC Data Solutions Receives Confirmation From Transfer Agent in Reduction of Outstanding Shares and Has Filed With the Delaware Secretary of State to Reduce Authorized Shares by 38%
JC Data Solutions, Inc. (OTC: JCDS) announced confirmation of reduction of the Outstanding Shares to 370,000,000 common shares and has filed with the Delaware Secretary of State that the company's lawful and documented Authorized Shares be reduced by 38% to 500,000,000 common shares per the company's board resolution adopted earlier this month.
The company believes the reduction in its Authorized Shares will further enhance shareholder value, and eliminate any market concerns about potential mass dilution of the company's stock. The 38% reduction of the Authorized Shares of the company in no way reduces the shares held by current shareholders.
"We are pleased to have formally initiated the 38% reduction of our Authorized Shares," stated Cary Allen, Chairman and Chief Executive Officer of JC Data Solutions. "We realize that previous share structure was causing some undue concern and speculation among some shareholders and in the public markets. This action should clearly alleviate those concerns."
VICTORY ENERGY CORPORATION (OTCBB: VYEY)
"Up 100.00% on Wednesday"
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
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
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."
VYREX CORPORATION NEW (OTCBB: VYXC)
"Up 100.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/VYXC.php
Vyrex Corporation operates as a research and development stage company in
VYXC News:
February 13 - Vyrex Corporation Completes Reverse Merger with PowerVerde, Inc.
Vyrex Corporation (OTCBB: VYXC) announced that it has completed a reverse merger with privately held PowerVerde, Inc. (“PowerVerde”), the result of which PowerVerde has become a wholly-owned subsidiary of Vyrex. In conjunction with the merger, PowerVerde also announced the completion of a private placement to accredited investors.
Under the terms of the merger agreement, the former PowerVerde shareholders exchanged their shares for Vyrex shares so that, upon closing of the merger, the former PowerVerde shareholders own 95% of Vyrex. Vyrex intends to change its name to PowerVerde Solar Corporation and apply for a new stock symbol in the near future.
George Konrad, co-founder and President of PowerVerde, commented, “We believe PowerVerde’s patented technology will offer an exciting and affordable alternative to photovoltaic and other 'green energy' solutions. We are pleased to be taking the next step in PowerVerde’s history, by becoming a publicly traded company. We look forward to rewarding our shareholders with opportunities associated with our unique power systems designed to create clean 'green' electric power, without burning fossil fuels or creating any emissions or 'greenhouse gases'”.
ABOUT POWERVERDE:
PowerVerde has designed, developed and patented a unique gas expansion machine (“GEM”) capable of producing electrical power without combustion or fossil fuel and emitting zero exhaust gases. The machine’s source of energy (fuel) is any low-grade heat source, or adequate pressure, created by solar, thermal, geo-thermal, waste-heat or wellhead pressure.
The design of the motor was conceived and co-developed by Fred Barker, a former Boeing Engineer. Mr. Barker partnered with co-developer George Konrad, owner of Arizona Research and Development, Inc., utilizing Mr. Konrad’s manufacturing expertise. In 2007 the prototype design was further refined, and another milestone achieved, by combining the GEM with PowerVerde’s proprietary Organic Rankine Cycle System (“ORC”). In this application, the energy from solar- heated water drives the motor, ultimately producing alternating electrical current.
For further information contact Mr. Rick Davis at (305-271-3232) or visit http://www.powerverdeinc.com/. Vyrex reported the PowerVerde merger on a Form 8-K Report filed with the Securities and Exchange Commission (SEC) on February 12, 2008. This report provides substantial additional details regarding the merger between Vyrex and PowerVerde and is available at http://www.sec.gov/.
STEREO VISION ENTERTAINMENT NEW (OTCBB: SVSN)
"Up 94.44% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/SVSN.php
Located in Van Nuys, California, Stereo Vision Entertainment Inc. (http://www.stereovision.com/) is a film production company focused exclusively on high quality, low cost, next generation 3D feature films. Responding to the incredible growth of digital projection 3D theater system worldwide, and the exploding demand for polarized 3D feature films, Stereo Vision has for several years, been developing an exciting slate of commercial 3D feature films. Led by a management team that includes Chairman and Chief Production Officer Douglas Schwartz, creator and executive producer of "Baywatch," the world's most watched television series in history, and Chief Financial Officer, Goldman Sachs veteran Theodore Botts, Stereo Vision intends to produce and release at least fifteen 3D feature films over the next 5 years. Capitalizing on its long-standing studio relationships, Stereo Vision is uniquely positioned to be a significant player in future of the 3D motion picture industry.
SVSN News:
February 13 - Stereo Vision Closes Worldwide Rights/First Look Deal with CPT Holdings for the Family Fun Feature Film 'Booty 3D'
Stereo Vision Entertainment, Inc. (OTCBB: SVSN), a film production company focused exclusively on developing high quality, low cost, polarized 3D feature films, announced that it has completed a license/first right of refusal distribution agreement with CPT Holdings, Inc. (a Sony Pictures Television service mark) for the worldwide theatrical and television feature film rights to the script of Booty, for the production of the family fun pirate movie, Booty 3D.
Stereo Vision's Chief Executive Officer, Jack Honour stated, "We're very happy to have the opportunity to produce the Booty 3D feature film. This is a great deal for Stereo Vision. As part of the agreement, SVE has been granted worldwide theatrical, television, and DVD rights to the Booty 3D movie. This will aid tremendously in our efforts to generate foreign pre-sales. Stereo Vision's Chairman, Baywatch creator Doug Schwartz, has been developing the Booty property for several years, and he knows that it's been my favorite for development into a 3D feature film. Booty co-creator, Jim Byrkit, has been working for the last five and a half years with Jerry Bruckheimer and Gore Verbinski as Conceptual and Creative Consultant on all three Pirates of the
Stereo Vision's Chairman Doug Schwartz added, "Booty 3D is a frolicking family fun film about eight women who get kidnapped by a crew of cutthroat pirates. Upon arriving at the pirates’ island hideout, they turn the tables when they snatch the pirates’ ship filled with all their booty. A chase across the high seas ensues that rivals ‘Thelma and Louise’ as the desperate band of pirates attempts, by hook or by crook, to track down their treasure laden galleon, and the crafty wenches that tricked them out of it. This is a movie about female empowerment, a true David and Goliath tale with a twist. Booty 3D is to be filmed on the South Seas paradise
GIRASOLAR INCORPORATED (OTC: GRSR)
"Up 54.55% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/GRSR.php
GiraSolar Inc. is a
GRSR News:
February 13 - GiraSolar, Inc. Announces New USD 10.3 Million Supply Contract
GiraSolar, Inc. (OTC: GRSR), an internationally operating, broad based solar energy company with a network of subsidiaries and affiliated entities in the field of solar energy product development, production, application and sales on four continents, announced that it has made the first of several deliveries on a USD 10.3 million supply contract to a solar project developer in Spain.
James Miller, CEO of GiraSolar, Inc., stated: “We believe that the entry into and execution of new supply contracts proves that the GiraSolar group is able to maintain a strong position and establish a national presence in Spain through its sales support branch that was established last year, intensive networking and strategic partners in the market, despite increased and intense competition on the Spanish market since the Company’s entry in 2006.”
Prepayments have been received in full and the first significant deliveries to Alternativa Energetica, a solar (PV) project developer in
Wieland Koornstra, Chairman of GiraSolar, Inc. and CEO of GiraSolar BV, added: “This particular contract to supply system components is being announced now after we have completed our first deliveries according to schedule. We are proud to have completed this delivery on time especially since silicon, wafer, cell and module supply remain stressed, primarily due to increased pressure from the Spanish market because of deadlines to finish projects. While the silicon supply crisis — relative to industry demand — continues, we intend to maintain our policy of announcing contracts upon the successful start of execution, instead of upon signing contracts.”
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