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http://www.otcpicks.comMONARC CORPORATION (OTC: MONA)
"Up 150.00% on Friday"
Monarc Corporation was formed in 2000. The company acquired multiple subprime short term lending companies for the B2C marketplace doing business under the brand name "Cash Now" in 2003. The company also had an array of other financial products such as IFGX and Cash Next under development for the B2B marketplace; such as invoice discounting and factoring. In 2005 the company suffered a setback with 4 consecutive strikes of hurricanes of 2005 while domiciled in Florida. Unable to operate on a day to day basis without interruptions, the company was delisted from being am SEC reporting issuer soon after and consequently its stock was re-ranked as an unsolicited stock and 2006 was a reconstructing year. The company used the time out to raise capital with the issuance of preferred convertible shares. Soon after, in January 2007, it resumed operations. With the sweeping changes in the subprime industry and with most of the States and Provinces restricting this product use the company looked at different industries. In 2007, it launched a Check 21 product and a Forex division and looked towards China as a growth market. In late 2007 MONA sold these aforementioned operating assets to a China-based company and the proceeds of that sale were distributed to its shareholders. In early 2008, MONA looked for another growth industry and decided to enter beverage control. The company acquired 3 start-up entities in the hospitality control industry. In December 2007, the controlling interest of Monarc was purchased by Brookcor Holdings, on an all cash and stock basis. Those businesses were spun out several months later and the paid stock returned to the treasury. MONA identified a China-based mass distribution company and completed a reverse merger with them through their Belize holding company Fulushu Limited in June 2008. The company continues operating these entities as it nears completion of the development of its B2B product line. The company is also currently in a process of filing certain documents to remove the warning sign from the Pink Sheets quotation system and to again become a solicited company, with future plans on becoming an SEC reporting issuer. MONA is also taking measures to raise the pink sheets ranking from "Yield limited information" to a "pink check mark status."
PINNACLE ENERGY CORPORATION (OTCBB: PENC)
"Up 49.32% on Friday"
Formerly named Gas Salvage Corp., Pinnacle Energy has recently completed a name change and a three-for-one forward stock split. The company now trades under the OTC symbol "PENC." All of the above-listed changes were made effective with FINRA on August 14, 2008. More information about these changes may be found in a FORM 8-K filed with the Securities and Exchange Commission on August 8, 2008. Pinnacle Energy Corp. is an independent oil and gas producer focused on acquiring and developing mature oil & gas producing assets. Pinnacle Energy Corp. is headquartered at 333 River Front Ave., Suite 153, Calgary, Alberta, T2G 5R1, Canada and can be contacted at (866) 822-0325.
DELIA*S INCORPORATED (NASDAQ: DLIA)
"Up 34.59% on Friday"
dELiA*s, Inc. operates as a direct marketing and retail company in the United States. The company's dELiA*s brand develops, markets, and sells a collection of apparel, sleepwear, swimwear, room ware, footwear, outerwear, and key accessories for teenage girls. Its Alloy brand markets and sells branded junior apparel, accessories, swimwear, footwear, and outerwear for teenage girls. The company's CCS brand markets and sells apparel, footwear, skateboard, and snowboard products for teenage boys. dELiA*s also sells third party brands through its catalogs and the e-commerce Web pages. In addition, it operates dELiA*s retail stores that sell a range of lifestyle oriented apparel and accessories for teenage girls. The company sells its products through direct mail catalogs, Websites, and mall-based specialty retail stores. As of February 2, 2008, it operated 86 dELiA*s mall-based specialty retail stores. The company was founded in 1997 and is based in New York, New York.
JAMBA INCORPORATED (NASDAQ: JMBA)
"Up 25.23% on Friday"
Jamba, Inc., through its subsidiary, Jamba Juice Company, owns and franchises Jamba Juice stores. The company operates as a retailer of blended-to-order fruit smoothies, squeezed-to-order juices, blended beverages, and snacks in the United States. As of January 1, 2008, it operated 707 stores comprising 501 company-owned stores and 206 franchisee-owned stores. The company was founded in 1990 and is headquartered in Emeryville, California.
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OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. OTCPicks.com presents the latest information for the discerning small cap and microcap investor. The site features informative articles on microcap investing, the top penny stock picks, and a wealth of small cap research on vertical markets. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at
publisher@otcpicks.com.Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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