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Our Stocks to Watch today include Nexia Holdings Inc. (OTCBB: NXHD), SpongeTech Delivery Systems Inc. (OTCBB: SPNG), Bravo Resource Partners Ltd. (OTC: BRPNF), Metal Storm Ltd. (OTC: MTSXY), United Community Financial Corp. (Nasdaq: UCFC) and PharmaCom BioVet Inc. (OTC: PHMB).
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NEXIA HOLDINGS INCORPORATED (OTCBB: NXHD)
Company Profile: http://www.otcpicks.com/nexia-holdings/nexia-holdings.htm
Nexia Holdings, Inc., headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in real estate, health & beauty, and fashion retail. Nexia owns a majority interest in Landis Lifestyle Salon (www.landissalons.com), a hair salon built around the world-class Aveda™ product line. Through its Style Perfect, Inc. subsidiary, Nexia owns the innovative retail and design firm Black Chandelier and its related brands. Black Chandelier currently operates one retail location and online store at www.blackchandelier.com.
SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery Systems is a development 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.
BRAVO RESOURCES PARTNERS LIMITED (OTC: BRPNF)
Bravo Resources Partners Ltd., is a public company trading under the symbol "BRPNF.PK." Bravo's goal is to rank among the top six gold miners in Ghana within the next five years. The company plans to do this through a combination of good quality land acquisition, joint venturing and development of quality properties. The 2009 outlook for the gold-sub industry is positive, based on the expectation of rising gold prices. Low short-term interest rates reduce the opportunity cost of holding gold as an investment, which will allow gold to continue rising if other industries decrease. The price of gold will also continue to rise because of the depleting mines and the inability to replace output. With the instability of the global markets, major world currencies will likely increase the demand for gold as a temporary reserve asset.
METAL STORM LIMITED (OTC: MTSXY)
"Up 44.44% in morning trading"
Metal Storm Limited is a multi-national defence technology company engaged in the development of electronically initiated ballistics systems using its unique "stacked projectile" technology. The company is headquartered in Brisbane, Australia and incorporated in Australia. Metal Storm Limited technology and products are represented in the USA by Metal Storm Inc., which has offices in Arlington Virginia. Metal Storm is working with government agencies and departments, as well as industry, to develop a variety of systems utilising the Metal Storm non-mechanical, electronically fired stacked ammunition system. Metal Storm's weapon technology uses computer-controlled electronic ignition and a system of stacked projectiles to achieve a completely non-mechanical gun that is very lightweight and compact, providing a very high firepower to weight ratio. The Metal Storm weapons system utilizes multiple barrels mounted together on one platform which allows varying munitions types to be deployed in a single, low cost, lightweight weapon system. Firing the weapons by electronic ignition requires no moving parts, allowing reliable long term unattended weapon operation.
UNITED COMMUNITY FINANCIAL CORPORATION (NASDAQ: UCFC)
"Up 12.76% in morning trading"
United Community Financial Corp. operates as a holding company for The Home Savings and Loan Company, which provide various banking and financial services in Ohio and western Pennsylvania. Its deposit products include regular passbook savings accounts, demand deposits, individual retirement accounts, checking accounts, money market accounts, and certificates of deposit. United Community's lending activities comprise conventional real estate loans secured by single and multifamily residences, as well as nonresidential real estate, such as construction projects; residential and commercial construction loans; consumer loans, including home equity, vehicle, education, recreational vehicle, marine, overdraft protection, and unsecured loans, as well as loans to individuals secured by demand accounts, deposits, and other consumer assets; and commercial loans, such as traditional and revolving lines of credit, term loans, and acquisition and development loans. The company, through its other subsidiary, Butler Wick Corp., sells common and preferred stocks; a range of government, corporate, and municipal bonds; and other investment products, including unit trusts, mutual funds, individual retirement accounts, money market accounts, and certificates of deposit. It also offers a line of life insurance and annuity products, personal and corporate financial planning, estate planning, pension, and profit sharing plan services. As of December 31, 2007, United Community operated 39 full-service banking branches and 6 loan production offices, as well as 23 office locations for providing investment alternatives for individuals, companies, and not-for-profit organizations. The company was founded in 1889 and is based in Youngstown, Ohio.
PHARMACOM BIOVET INCORPORATED (OTC: PHMB)
"Up 3.33% in morning trading"
PharmaCom BioVet, Inc. (PHMB) is quickly positioning itself to become the leader in specialized veterinary oncology (cancer treatment facilities for animals). PHMB management is planning the rollout of specialized veterinary oncology treatment centers that will be strategically located throughout the United States. PHMB has licensed a series of proprietary devices and compounds that will enable animals suffering from cancer greater life expectancy and decreased suffering.
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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.
Disclosure: OTCPicks.com has been compensated two hundred thousand free trading shares by a third party (Pine Mountain Ventures) for this current SPNG IR program. OTCPicks.com has been compensated in the past for SPNG IR services, including seventeen thousand dollars by the company and four hundred thousand free trading shares by a non-controlling third party for multiple 30-day SPNG IR programs. OTCPicks.com has been compensated one hundred thousand free trading shares by a non-controlling third party for BRPNF advertising and promotional services. OTCPicks.com has received twenty million free trading shares from a non-controlling third party for NXHD advertising and promotional services.
OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.
