SMALLCAP WATCHLIST
MAGPLANE TECHNOLOGY (MAGP.PK)
Company Overview
Founded by a group of MIT engineers, Magplane Technology, Inc. (MTI) is the developer of the Magplane system, an innovative magnetic levitation (maglev) transportation system that offers significant advancements over other high-speed trains and light-rail transit systems. Magplanes can achieve speeds up to 500 km/hour for inter-city travel and nearly silent operation for urban mass transit systems. The Magplane system has also been adapted for use in a unique pipeline application that can reduce the cost and pollution from diesel trucks used in transporting material from mining operations.
Magplane Joint Venture in Inner Mongolia Executes Entry Agreement with the Baotou Rare Earth High-Tech Industrial Development Zone
BEDFORD, Mass., /PRNewswire-FirstCall/ -- Magplane Technology, Inc. (Pink Sheets: MAGP) announces today that its Joint Venture, Inner Mongolia Magplane Pipeline Technology Co., Ltd., has executed a formal agreement with the Baotou Rare Earth High-Tech Industrial Development Zone. This so called “Entry Agreement” grants the Joint Venture permission to locate within the Economic Zone and to receive the most favorable treatment that is given to companies within the zone including substantial tax benefits.
The agreement grants the JV Company 32 acres of land to establish a production base with a manufacturing capacity of 200 km/year of double pipeline and to construct a 1 kilometer customer demonstration line. The cost of the land will be covered by the Economic Zone further demonstrating the importance of this project to the Inner Mongolia mining industry.
The agreement also guarantees that the Central Government quota of permanent magnet rare earth materials will specifically include sufficient supply for the Joint Venture to meet its production of pipeline, which will require 1,500 tonnes of rare earth material per year. Binson Du, Magplane Vice President of China Operations, and General Manager of the Joint Venture, notes that “this guarantee of rare earth material supply is particularly important and valuable because the Government has established a strict quota system on rare earth material.” The MagPipe product is expected to become an important technology in Inner Mongolia to reduce the transportation bottleneck currently faced by the coal industry as well reducing cost and pollution levels compared to diesel trucks.
NIGHTHAWK SYSTEMS (OTCBB: NIHK)
Company Overview
Nighthawk is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations.
NIHK Latest News
Market Pulse Breaking News Alert for Wednesday, October 24, 2007: NIHK -- Nighthawk Systems Provides Strong Guidance on Third Quarter 2007 Results and IPTV Set-Top Business Accelerates Growth Rate!
ATLANTA, GA--(MARKET WIRE)--Oct 24, 2007 News Alert for this AM, Stocks to Watch are: Nighthawk Systems, Inc. (OTC BB:NIHK.OB – News).
Investors need to be watching Nighthawk Systems, Inc. (OTC BB:NIHK.OB - News) this AM! Nighthawk Systems is a leading provider of intelligent wireless power control products that enable simultaneous activation or de-activation of multiple assets or systems on demand. Nighthawk's installed customer base includes major electric utilities, internet service providers and fire departments in over 40 states. Nighthawk's products also enable custom message display, making them ideal for use in traffic control and emergency notification situations. Its products include CEO700 for remote power connect/disconnect of customers by electric utilities; PT1-LC, designed for load control programs; FAS8 used in firehouse automation; and EA1, which is used for in-building alerts. In addition, the company offers AL100 for remote public alerting; NH100 for rebooting or on/off applications to a single device; and NH8 for rebooting or on/off applications for up to eight electrical devices from a single unit. It serves electric utilities, traffic control, computer systems, commercial lighting, and irrigation markets primarily in the United States. Nighthawk announced a joint marketing agreement with American Messaging in 2006 that facilitated the company's transition into a complete solution provider. This venture provided access to 1.5 million customers. Its new network has been fortified through acquisitions from telecom giants Verizon Wireless and AT&T (formerly SBC Communications). NIHK has had numerous consecutive quarters of solid revenue under its belt and second quarter 2007 marked an all-time high in sales orders. NIHK is ramping up for a very bright future in the M2M (machine-to-machine) communications industry, forecasted by research firm IDATE to potentially reach $270 billion by 2010. NIHK is poised to become a significant player in the wireless telemetry and automation industry! NIHK just had excellent news out in a press release before today's opening bell announcing that boosted by record sales of its CEO700 remote disconnect units to electric utilities, revenues for the quarter were more than 55% higher than in the same period in 2006! The Company also announced the addition of the IPTV set-top box business in the fourth quarter of 2007 accelerates its growth rate even further! Investors should be watching this one closely!
UNIVERSAL ENERGY CORP. (OTCBB: UVSE)
Company Overview
Universal Energy Corp. (OTCBB: UVSE) is an independent diversified energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. The company pursues oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Their prospect areas consist of lands in Alberta, Canada, Louisiana and Texas.
Universal invests in prolific areas within the United States and Canada by acquiring low risk in-field oil and gas rights that offset existing production. The Louisiana prospects the company is currently drilling this summer, include properties that contain proven but undeveloped reserves analyzed by 3-D Seismic surveys and other research techniques to help lower drilling risks.
Oil & Gas Development Universal Explorations Inc.
Universal is engaged in nine oil and gas lease prospects at this time. These are the Amberjack, Caviar (4 prospects), Lake Campo, East OMG, Lone Oak and the Pembina Nisku Reef prospects.
Gas Deposit Struck on First Well
On Sept. 6, drilling at the Amberjack prospect reached its planned total vertical depth of 10,600. "This marks an important day for Universal. We are pleased that drilling has now been completed," commented Billy Raley, Universal Energy Corp. CEO.
The objectives of the well as defined by 3-D seismic are gas zones with total potential reserves of 10.3 billion cubic feet equivalent of gas. These objectives are located between 10,200 and 10,600 feet. During the drilling process, as expected, gas was encountered at the depths defined by 3-D seismic.
Currently, the well is being tested using electronic measures to fully determine what amount of pay will be realized from the well. "Proving up our reserves is an important and vital step to the success of Universal," commented Billy Raley. Raley concluded, "Our results from the drilling are sooner and better than anticipated."
Commenting on the drilling results Dyron Watford, CFO of Universal Energy Corp. stated, "Our ability to drive revenue from this prospect beginning this year is exciting."
Continued Drilling Success
Universal Energy announced in late September that the Caviar #1 prospect in Plaquemines Parish, Louisiana has successfully lived up to its high tech analysis. At its Caviar #1, the second prospect of six planned in the prolific Louisiana area, Universal Energy has completed installing the "casing" in preparation for production as a multi-zone gas well.
Billy Raley, CEO of Universal Energy Corp., stated, "The success of our first two drills from the summer/fall series has proven that the technology and research preparation prior to drilling certainly pays off. This continued success of our ongoing drilling program demonstrates the strength of our prospects and the growth potential of our company through the production from our ground assets. Given the current political climate with the Middle East, I think we all agree that domestic oil and gas sources like ours are becoming more critical to our nation's future every day."
EAST OMG Project Commencement of Drilling
Universal Energy announced in early October that drilling at the East OMG prospect in Cameron Parish, Louisiana is expected to begin within the two weeks.
"Drilling operations have moved swiftly over the past few weeks," commented Billy Raley CEO of Universal Energy Corp, when asked about Universal Energy Corp.'s drilling schedule. Raley continued, "We are completing the necessary steps to bring Amberjack and Caviar #1 to production while preparing for what is expected to be huge profits from East OMG."
www.universalenergycorp.info
UVSE Latest News
November 26, 2007 - Universal Energy Corp. Announces 4th Drilling Success in the last 90 Days
HOUSTON / PRNewswire-FirstCall
Universal Energy Corp. (OTC Bulletin Board: UVSE - News) is pleased to announce that drilling operations are now complete at the company's Caviar #4 Prospect. The well logs for Caviar #4 displayed pay zones in excess of sixty feet of gas pay. Production from this prospect will begin in the first quarter of 2008.
"We continue to make excellent progress," commented Billy Raley, CEO of Universal Energy Corp. Raley concluded, "The production from our drilling successes at Amberjack, Caviar #1, Lake Campo and Caviar #4 will make for a wonderful year for Universal Energy in 2008."
Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas.
BIOMODA (OTCBB: BMOD)
Company Overview
Biomoda’s proprietary technology, which detects early-stage lung cancer, is on the verge of commercialization. Biomoda is a development stage cancer diagnostics company with a unique proprietary technology that provides a simple, inexpensive, easy, and non-invasive way to detect cancer at the earliest phases. Aimed initially at lung cancer, Biomoda’s technology is currently undergoing an independent validation study at the Mayo Clinic. Assuming a positive outcome, we believe the Company’s product will be ready for commercialization by the end of 2007. • Biomoda will be first to market with this critical diagnostic tool and demand is likely to be substantial. Developed at the Los Alamos Laboratories – who are shareholders of BMOD – this will be the first “In Vitro” diagnostic product in the marketplace for detecting lung cancer. (In Vitro tests are run on body fluids in a lab.) The world market for lung and cancer diagnostics is currently estimated at $1.0 - $1.2 billion annually. • The Company has a targeted strategy that promises early success. A major initial test market for its diagnostic kit is military personnel and veterans. This particular population is highly vulnerable to lung cancer, not just from smoking but also from exposure to environmental toxins on the battlefield. Biomoda is bidding on a project in New Mexico, financed by Tobacco Settlement money, which would provide the Company’s test kit to veterans in the state. Other states have expressed an interest as well. • The Management team has the right skills and experience to succeed. Biomoda’s President, John Cousins, has 25 years of experience as an entrepreneur and engineer. He’s pulled together a seasoned staff of scientists and technologists with the right stuff to pull off this venture.
BMOD Latest News:
Biomoda and Clinical Research Center of Cape Cod Reach Agreement for Clinical Services
ALBUQUERQUE, N.M., October 25, 2007 -- Biomoda, Inc. (OTC Bulletin Board: BMOD - News)
Albuquerque, New Mexico, (http://www.biomoda.com), maker of patented early lung cancer detection testing and other cancer diagnostic technology, announced today an agreement with Clinical Research Center of Cape Cod (CRCCC) of West Yarmouth, Mass. to provide lung sputum samples for Biomoda’s internal clinical programs.
Under a collection protocol approved by an Institutional Review Board, CRCCC (www.crccc.com) will collect and provide samples necessary for Biomoda’s commercialization program of its non-invasive sputum assay for the early detection of lung cancer. CRCCC is a leading medical research firm with products and services that support the pharmaceutical, biotechnology, diagnostic and genomics industries.
“CRCC will deliver quality, state-of-the-art services to help us bring our products to the market,” said John Cousins, President of Biomoda. “We are aggressively pursuing internal studies that, coupled with our clinical work with other organizations, will make our assay available to the public in the short term. CRCC will help make that happen by supplying quality samples in a timely manner.”
Biomoda’s early lung cancer detection technology is based on a patented porphyrin application that preferentially binds to cancerous or aberrant cells extracted from lung sputum samples. Cancerous cells glow red under fluorescent light to allow detection under a microscope. The patented technology, a non-invasive cytology based assay, is designed for cancer screening of large populations at a reasonable cost. Current diagnostic methods for lung cancer, including CT scans and X-rays, often detect the disease only at more advanced stages and are relatively expensive.
Lung cancer claims more lives than any other cancer. The expected 5-year survival rate for all patients combined in whom lung cancer is diagnosed is 15 percent and by contrast, the 5-year survival rate for cases detected when the disease is still localized is 50 percent. At the present time, only 16 percent of lung cancer cases are diagnosed at this early stage.
World Energy Solutions (OTCBB: WEGY)
Company Overview
World Energy Solutions, Inc. (WES) transforms inventions and research projects into marketable products that conserve energy and promote environmental sustainability. WES achieves this strategy in four stages:
- Research & Development
- Design & Manufacturing
- Sales & Marketing
- Profitability
The products and services provided by WES are represented throughout all four stages, demonstrating a progressive strategy for product design, development, marketing, and, ultimately, profitability.
Research & Development
WES currently has some of the most innovative inventions since the original hot water heater or automobile in the Research and Development stage, demonstrating the company’s indisputable long term growth potential. Using a unique patent pending process referred to as HHO, World Energy Solutions is separating the hydrogen and oxygen molecules in water and using this electrolytic process to heat water. Within the WES laboratory is an inline tankless hot water heater containing water heated by a high temperature flame reacting with the water molecules, resulting in electrolysis. While electrolysis is not a new concept, WES is awaiting the patent for the creation and use of the electrolytic byproducts.
As fuel prices continue to rise, an even more attractive use of the HHO process is in increasing the efficiency of an internal combustion engine (ICE). By injecting the separated hydrogen and oxygen molecules directly into the intake of an ICE, the ICE’s gas mileage is more than doubled and its emissions are reduced to little more than water.
Design / Manufacturing
WES has recently acquired exclusive marketing and manufacturing rights to the energy saving Clean Air System (CAS) originally designed for NASA by Material Technologies, Inc. (Matech), research and development lab at the University of Florida. In addition to its invaluable energy saving capabilities, the CAS can rapidly eliminate the lethal airborne particles including, but not limited to: anthrax, mercury, and bleach. Recognizing the potential for demand of the CAS, WES is currently conducting market research and developing manufacturing strategies to maximize the distribution of this aspiring product.
Sales / Marketing
WES has an additional product line of lighting and motor controllers in the sales and marketing stage with plans to distribute to Energy Savings Companies (ESCO). The energy-saving controller product line consists of two types of motor controllers and lighting controllers. Both types of controllers yield a forty percent energy savings, results that are integral to the success of an ESCO. Initially, WES plans to co-market the product lines to several nearby ESCO's, with long term plans to expand the target market as manufacturing volume increases.
Profitability
WES’s success with the Transient Voltage Surge Suppressors (TVSS) product line is undeniable. The profitable TVSS product line consists of 200 different surge suppressors that protect a variety of items from heavy duty electrical equipment to sensitive data and video electronics. The TVSS product line is successfully designed, manufactured, and marketed by WES, demonstrating that the company upholds their promise.
www.wesinc.net.
WEGY Latest News
World Energy Solutions Acquires Hydrogen Safe Technologies, Inc. from UTEK Corporation
Wednesday October 3, 2:00 am ET
TAMPA & ST. PETERSBURG, Fla.--(BUSINESS WIRE)--UTEK Corporation (AMEX:UTK - News; LSE-AIM:UTK), a technology transfer company focused on open innovation, and World Energy Solutions (OTCBB:WEGY - News), a company engaged in the business of energy conservation and environmental sustainability, are pleased to announce that World Energy Solutions, Inc. has acquired Hydrogen Safe Technologies, Inc., a wholly owned subsidiary of UTEK Corporation, in a stock transaction.
Hydrogen Safe Technologies, Inc. contains an exclusive, worldwide license to a hydrogen sensor technology developed by researchers at the University of South Florida. Originally funded by NASA, this unique sensor uses nanowires and nanoparticles as the sensing element. We believe that coating these devices with nanostructure materials may allow hydrogen detection in near real time.
"World Energy Solutions is enthusiastic about this technology and its potential to help expand our proprietary position in the energy conservation field," said Benjamin Croxton, Chief Executive Officer at World Energy Solutions.
"UTEK is pleased to consummate this technology transfer with World Energy Solutions," said Joel Edelson, Vice President of Technology Licensing at UTEK Corporation.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. is an energy services company and electronics manufacturer. WES's primary business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. As a manufacturer of transient voltage surge suppressor systems, WES uses cutting-edge technologies and design standards to provide its customers with full lifetime warranties on its products.
About UTEK Corporation
UTEK® is a technology transfer company focused on open innovation. UTEK's services enable companies to acquire externally developed technologies from universities and research laboratories worldwide. In addition, UTEK provides services to help companies create value from their intellectual property. UTEK is a business development company with operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.
QUOTEMEDIA INC. (OTCBB: QMCI)
Company Overview
QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, please visit: www.quotemedia.com.
QMCI Latest News
QuoteMedia Reports 56% Increase in Revenue for Q3 2007
Wednesday November 14, 3:50 pm ET
PHOENIX--(BUSINESS WIRE)--QuoteMedia, Inc. (OTCBB: QMCI - News), a leading provider of market data and financial applications, announced financial results for the three and nine months ended September 30, 2007. These results reflect a 56% increase in third quarter revenues, to $1,501,097 from $960,111 in 2006. Revenue for the nine months ended September 30, 2007 increased 51%, to $3,993,202 from $2,651,248 in 2006.
At September 30, 2007, QuoteMedia's deferred revenue balance was $438,763 compared with $315,658 at September 30, 2006, an increase of 39%. Deferred revenue represents payments received in advance from customers that will be recognized as revenue in future quarters when the services are performed.
“Our significant revenue growth during these periods resulted from increased sales of our Interactive Content and Data Applications as well as from increased subscriptions to Quotestream, says Keith Guelpa, president of QuoteMedia, Inc. This is our 18th consecutive quarter of revenue growth, reflecting the broadening market acceptance of our full line of financial data products and the increasing depth of our data offerings, which now cover over 65 stock exchanges worldwide. Throughout the three quarters ended September 30, our customer base grew substantially and represents a solid basis for furthering our trend of strong revenue increases, quarter over quarter, into the foreseeable future.”
“In the third quarter, QuoteMedia built on the momentum of the first half of 2007 as we continued to focus on and gear up for full-scale commercialization of our new generation of Quotestream products. During the quarter, we continued to introduce Quotestream II to the market in limited release. Quotestream II represents a new generation of our portfolio management system, with enhanced features and functionality. The Company also substantially completed the development of Quotestream Professional. Where Quotestream II is geared towards providing a professional level experience to non-professional users, Quotestream Professional is designed specifically for use by financial services professionals, offering unparalleled coverage and functionality at extremely aggressive pricing. We expect that Quotestream Professional and Quotestream II will be available for general release in the fourth quarter of 2007.”
“We remain committed to the execution of our revenue growing strategies,” says Guelpa. “Our plan of operation for the remainder of 2007 will focus on pre-marketing Quotestream II for deployments by brokerage firms to their clients, and moving strongly into the investment professional market with Quotestream Professional. We also plan to release new international data sets and continue the market penetration of our Data Feed Services. We will continue to add new data content to expand our line of Interactive Content and Data Applications and to license our Quotestream Wireless applications.”
“As previously forecasted, and consistent with our focus on expansion, we experienced a loss for this quarter of $415,336 and for the nine months ended September 30, 2007 of $1,212,323. While we expect that we will continue to incur losses in the short term, we expect our revenues will continue to rise significantly in 2008 and overtake the increased cost commitments that we have undertaken to support the development, launch and operation of our new product offerings. We believe that we are well positioned and on track to meet our longer term objectives,” says Guelpa.
ELECTRON SOLAR ENERGY (ESRG.PK)
Company Overview
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company’s turnkey solutions provide solar and wind energy generation, as well as energy storage systems, sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators.
www.electronsolarenergy.com
ESRG Latest News
Electron Solar Energy Announces Completion of First Residential System Installation
MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today that its newly launched professional installation team has completed their first residential installation in Florida. Electron’s new installation division provides its customers with custom fabrication and installation services on all solar panel systems.
President and CEO of Electron Solar Energy Christopher Quinn, said, “I am happy to announce that the first residential solar installation by Electron Solar Energy has proved successful. The client is happy, the system is generating plenty of power and the rollout of our domestic solar energy installation program has begun. It is nice to finally see our products in use here in the local residential market. We can display pictures of this installation in our marketing materials and websites, and we hope to enjoy client referrals right here in the US. The Installation division adds greatly to the bottom line for Electron, while providing a valuable service to interested homeowners.”
Electron was approached last week to comment on the viability of residential solar applications for the evening news this week on a local television network. The news crew has requested to meet with the client from the recent installation job. Subjects to be discussed are cost, barriers to entry, and rebates available on the Federal and State level.
EASBRIDGE INVESTMENT GROUP CORPORATION (OTCBB: EBIG)
Company Overview
There are numerous small to medium sized high growth companies in China and India that want to trade their common stock in the U.S. They know that the U.S. is number one in the world, by far, for stock trading and they believe that trading here will be both lucrative and a chance to be in on the world’s greatest market. But the managements of these firms do not know how to take the necessary but complicated steps to become public in the U.S. EastBridge Investment Group was formed in June 2005 for just this reason. It devotes itself to IPO ,joint venture and merchant banking services in the countries with the two greatest new economies in the world: China and India. East Bridge is the first and only OTCBB company, of the more than 3,340 listed, to undertake this business strategy.
www.ebigcorp.com
EBIG Latest News
EastBridge Investment Group's Wholly Owned Subsidiary, General Farms Corp, to Be Acquired by Rhino Two Horns, Malaysia.
December 05, 2007: 08:00 AM EST
EastBridge Investment Group (EBIG) (OTCBB: EBIG) today announced that it has signed a definitive agreement with Rhino Two Horns Sdn. Bhd, Malaysia for it to acquire General Farms Corp and assume effective control.
General Farms is a wholly owned subsidiary of EastBridge. A stock dividend of 5% of General Farm's common stock, or 10,000,000 shares, will be distributed to EastBridge's shareholders of record as of Nov 16, 2007. Under the terms of the share exchange agreement, the new stock ownership structure is: 15% owned by EastBridge and 5% owned by EastBridge's shareholders of record as of Nov 16, 2007. Rhino's beneficiaries will own the remaining 80%. The closing is expected to happen in ten working days.
Mr. Norm Klein, COO and CFO of EastBridge, commented, "We are committed to taking Rhino Two Horns Sdn. Bhd, Malaysia public in the U.S. as soon as practicable in 2008. We are quite impressed with the progress made by Rhino's management since August, 2007."
Rhino Two Horns, based in Malaysia, is first to market all natural energy sports drinks containing a unique formulation that re-hydrates faster than water and assists the body to refresh and recover from intense sporting activities in the sub-tropical climates. The current TWO HORNS(TM) product range includes Energy 250, and Ultra Sports 500 beverages. New products featuring the 'super fruit' Acai berry, called Acai Energy 250 and R3HYDR8(TM) 250 are being prepared for launch in the 1st quarter 2008. The company is currently negotiating to market its products to China, U.S. and Sri Lanka. More information is available at www.rhinotwohorns.com.
EastBridge Investment Group focuses on small to medium-size high-growth companies in China and India offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG's email alert, send a blank email to info@EbigCorp.com.
Please click here to read our disclaimer regarding the companies featured in the watchlist.