Wednesday, June 30, 2010
Sonic Solutions : Liscense Deal with Sears (Nasdaq:SNIC)
Playboy Enterprises, Inc. (NYSE: PLA) $141M (MarketCap) Announces Restructuring
Playboy Enterprises Inc. (NYSE: PLA) said Tuesday it plans to downsize its business structure and expects to record a restructuring charge of approximately $3 million in the 2010 second quarter as a result. It is cutting staff in an effort to save this $3 million as it transitions from a media company into one that primarily licenses the Playboy brand. Spokeswoman Martha Lindeman said the company is not disclosing the number of employees being laid off. At the end of March, Playboy employed 573 people in its Los Angeles and Chicago offices, down from 651 a year ago.
Playboy Chief Executive Scott Flanders said in a statement the company is "aggressively looking" for ways to streamline the organization, consolidate functions, and reduce overhead expense. In December, Playboy was in talks to sell itself to the Iconix Brand Group, Inc. (NASDAQ: ICON), a company that licenses clothing brands such as Joe Boxer, but no deal was reached. Playboy is currently trying to capitalize on its iconic bunny ears logo by signing licensing deals with clothing makers, casinos and clubs as it moves away from its reliance on print advertising from its magazine.
Scott Flanders commented: "Our goal is to transition Playboy to a brand management company and, in so doing, to more cost-effectively monetize our powerful brand and assets… The downsizing announced today is not a reflection of our employees' talents and work ethic, but rather due to the overall change in the company's strategic direction."
Shares fell 19 cents, or 4.4 percent, to close at $4.08 amid a broader market decline. Today, Playboy is currently trading at $4.23, up $0.15 or 3.68%.
MagneGas Corporation (OTCBB: MNGA) Acquires 20% Share of European and African Market Rights
MagneGas Corporation (OTCBB: MNGA) announced late yesterday that it had acquired economic interest in the European and African markets, purchasing 20% of MagneGas Europe (“MAASE”) for 250,000 shares of restricted stock. MAASE owns the exclusive intellectual property rights for the MagneGasTM Technology for Europe and Africa. In addition to its equity ownership in MAASE, MagneGas will participate in profit sharing for the European and African markets through periodic cash dividends.
MagneGas has long sought to participate in this crucial European market. The European community has been among the world’s earliest adopters of clean tech and alternative fuels, and the regulatory incentives to bring new solutions to market make this perhaps the most immediately attractive climate for the MagneGasTM Technology. The MAASE strategy-to-market will mirror that of MagneGas, focusing on 3 key prospects in rank order: 1) metal working/industrial fuel, 2) liquid waste processing, and 3) equipment sales. Ermanno Santilli, MagneGas Executive Vice President of International Relations, will also serve as CEO of MAASE.
MagneGas President Richard Connelly stated, "As with our China initiative, this acquisition provides us ongoing exposure to a core market without having to create an on-site infrastructure of our own. Moreover, we benefit from an existing and expanding distribution network. This is one more example of MagneGas leveraging partnership synergies to grow efficiently and cost-effectively."
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Monday, June 28, 2010
Deflation Fears: Memories of Japan in the 1990's
By: Lou Brien
“Ahem…excuse me…pardon the interruption, but we think we smell smoke. I’m sure there’s no cause for alarm, yet it would be prudent for us to sniff around a bit in order to determine if that old adage about there being fire in the vicinity of the smoke rings true. Don’t misconstrue, we don’t know that there is fire, but be informed, we don’t actually need to see fire before we call out the bucket brigade, all we need is to see or smell more smoke.”
The FOMC made an important addition to the paragraph that deals with inflation in their most recent post meeting statement. For several months they have assessed inflation thusly; “With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time.” But in the statement they released last week they preceded that sentence with this one; “Prices of energy and other commodities have declined somewhat in recent months, and underlying inflation has trended lower.” This new twist on the inflation story is a conversation starter for the possibility of the Fed taking another stab at extraordinary easing of monetary policy. Not to say that the Fed has committed itself to such a strategy, but a continuation of the downward trend in price measures, not actual deflation but just a step or two lower, will bring a reaction from the Fed and remember, they can’t lower the funds rate any further.
That inflation is quite low is not a revelation to any financial market participant; the CPI Core is, at +0.9%, the lowest it has been in forty-nine years. Nor is it a mystery that the Fed has little worry for a near term rise in prices; at the April FOMC they sharply lowered their outlook for the level of inflation at the end of this year. The interesting thing is that they have made public their concern that “underlying inflation has trended lower.” I describe it as a concern because a further decline from an already low level would put inflation inside the comfort zone; too close to zero. Former Fed boss Greenspan cautioned against such a thing back in 2003 when he suggested that the Fed needs “a wider firebreak” in order to contain deflationary forces that would build intensity should the inflation rate approach zero. Current chairman Bernanke described it as a “buffer zone” in a speech about deflation that he delivered in November 2002; “Maintaining an inflation buffer zone reduces the risk that a large, unanticipated drop in aggregate demand will drive the economy far enough into deflationary territory to lower the nominal interest rate to zero.” Well, the nominal rate is already at zero and that means that should the Fed see the need to counter an unlikely but possible occurrence of deflation they will have to use other methods. “Sustained deflation can be highly destructive to a modern economy and should be strongly resisted,” said Bernanke in his 2002 speech on the topic and he concluded that “prevention of deflation” is preferable to the cure.
If the Fed were to bet they would probably place their money against a deflationary episode. But a hugely influential paper that was presented to the Fed at the June 2002 FOMC meeting urged caution about such an unhedged gamble. The paper, “Preventing Deflation: Lessons from Japan’s Experience in the 1990s”, concluded; “First, notwithstanding the severity of the collapse in asset prices and the vulnerability of the financial sector to this collapse, Japan’s sustained deflationary slump was not anticipated. This was true not only of Japanese policymakers themselves, but also of private-sector and foreign observers, including Federal Reserve staff economists. Two-year ahead forecasts of GDP growth and inflation by both Federal Reserve staff and the Consensus Economics survey, for example, remained well above actual growth and inflation rates until the second half of the 1990s. Moreover, financial markets had no better handle on the economy’s prospects; long-term bond rates remained as high as 5 percent right up until the start of 1995. The failure of economists and financial markets to forecast Japan’s deflationary slump in the early 1990s poses a cautionary note for other policymakers in similar circumstances: deflation can be very difficult to predict in advance. In consequence, as interest rates and inflation rates move closer to zero, monetary policy perhaps should respond not only to baseline forecasts of future activity and prices, but also to the special downside risks-in particular, the possibility of deflation-to those forecasts as well.” (Bold face type was added by me.)
In other words when it comes to the possibility of deflation it is better to be safe than sorry.
The Fed has, of course, already done a lot. They took the funds rate down to a range that includes zero as its lower boundary, they have tripled their balance sheet through a trillion dollar plus expansion of the Monetary Base and, by any other name, they have dabbled in quantitative easing, buying one and a half trillion worth of Treasuries and mortgage products; all of which were ideas that Bernanke made mention of or hinted at in his 2002 speech on making sure deflation doesn’t happen here. And yet, even with those efforts, the level of inflation remains quite low and underlying inflation has been trending lower. The Fed said as much in their latest FOMC statement and I think they said so for a reason. I think they wanted to open up the topic to discussion; they may not be ready to act on it now, but there is a limit to how low inflation can go without a policy response.
It is well known that Bernanke is a student of the Great Depression and that he is well studied on the Japanese experience of the 1990s, he is very familiar with the problems that would ensue should deflation gain a foothold. Therefore, one should not expect him to sit idly by if the inflation measures slide much further from here. But much has been tried and none of it has reversed the underlying downward trend of inflation. What do they do next should they feel the need to do something more? It is possible that Bernanke borrows once again from the 2002 deflation speech and maybe tries to “stimulate spending by lowering rates further out along the Treasury term structure.” He mentions a few different ways to accomplish this but he definitely has a favorite. “A more direct method, which I personally prefer, would be for the Fed to begin announcing explicit ceilings for yields on longer-maturity Treasury debt (say, bonds maturing within the next two years). The Fed could enforce these interest rate ceilings by committing to make unlimited purchases of securities up to two year from maturity at prices consistent with the targeted yields. If this program were successful, not only would yields on medium-term Treasury securities fall, but (because of links operating through expectations of future interest rates) yields on longer-term public and private debt (such as mortgages) would likely fall as well. Lower rates over the maturity spectrum of public and private securities should strengthen aggregate demand in the usual ways and thus help to end deflation. Of course, if operating in relatively short-dated Treasury debt proved insufficient, the Fed could also attempt to cap yields of Treasury securities at still longer maturities, say three to six years.”
There is no saying if this is what they will try next should they need to try something more, but it is reasonable to assume that something like that will have its place in the conversation. It is also reasonable to assume that at the very least the conversation has started.
WMM C.F.O Interview with MagneGas (OTCBB: MNGA)
TAMPA, FL--(Marketwire - 06/17/10) - MagneGas Corporation ("MagneGas" or the "Company") (OTC.BB:MNGA - News), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that its construction of the 200kw Plasma Arc Flow™ Refinery ordered by Beijing-based DDI Industry International ("DDI") is on schedule and nearing completion. The Company expects DDI to inspect the unit in person in July, and make its final payment of $950,000 by no later than August 31, 2010. DDI previously made a $950,000 down payment toward the $1.9 MM Refinery purchase price.
Parlux Fragrances (NASDAQ: PARL) $35M (MarketCap) Completes Agreement for $20 Million Credit Facility
Parlux Fragrances, Inc. (NASDAQ: PARL) is a manufacturer and international distributor of prestige fragrances and related products. It is ranked among the Top 100 cosmetic and fragrance companies in the world and its brands have global awareness and market penetration. Parlux holds licenses for Paris Hilton, Jessica Simpson, Nicole Miller, Josie Natori, Queen Latifah, Marc Ecko, Rihanna, Kanye West, XOXO, babyGund, and Fred Hayman Beverly Hills designer fragrances, as well as Paris Hilton watches, cosmetics, sunglasses, handbags and other small leather accessories.
Today, the company announced its successful completion of an agreement with GE Capital Corporate Finance for a two-year $20 million senior secured revolving credit facility. The asset based credit facility will be used for general working capital requirements, including new licenses, and to strengthen the company’s ability to meet seasonal requirements. Parlux is currently trading at $1.79, up $0.06 or 3.47%.
Frederick E. Purches, Chairman and CEO, said, "GE Capital is an outstanding financial organization, and we are pleased by their confidence. Although we currently have in excess of $10 million in cash and no bank debt, the availability of this facility provides additional support to fund our planned growth." Mr. Purches added, "I believe GE Capital's involvement with Parlux will be most beneficial and look forward to working closely with them."
Novatel Wireless, Inc. (NASDAQ: NVTL) Introduces Embedded Modules Portfolio and Wins Meffys Award for “Best Mobile Connected Device”
Novatel Wireless, Inc. (NASDAQ: NVTL) is a leader in the design and development of innovative wireless broadband access solutions based on 3G and 4G wireless technologies. It announced today that its MiFi® Intelligent Mobile Hotspot has been named a Meffys award winner for “Best Mobile Connected Device” by the Mobile Entertainment Forum. The MiFi platform is the industry’s first Intelligent Mobile Hotspot, a new category of mobile broadband that lets users put their world of content, services, and connectivity in the palm of their hand. Announced in London on June 21, 2010, the 7th annual Meffys award honors the most influential players in the mobile entertainment industry from across the world. The MiFi product line has been recognized with a variety of top industry awards in 2010 including the CES Innovation Award for Best Enabling Technology, the GSM Global Mobile Award for Best Mobile Connected Device, Mobile News Award for Most Innovative Product (non-Handset) and the Mobile Merit Award for Gadgets/Handsets/Devices, non-connected devices.

Today, Novatel also introduced its LTE Embedded Modules Portfolio, including the Expedite™ E351, Expedite™ E362, and Expedite™ E371 embedded modules, extending its innovative embedded mobile broadband portfolio to next generation connectivity. The modules further expand service possibilities for target devices by providing enhanced GPS/GNAA capabilities, allowing users to retrieve position data for navigation and location-based applications. Additional key features include Novaspeed, which provides higher throughput via proprietary network traffic prioritization, and Novatel Wireless' superior Connection Manager - Mobilink 3 - supporting Windows 7, Vista, XP and Mac.
"We are seeing great market momentum from both tier-one OEMs and wireless carriers to get next-generation modules embedded in portable devices," said Rob Hadley, CMO of Novatel Wireless. "Building on our longstanding tier-one carrier and OEM relationships and adding our leading design, integration and certification expertise, we are primed to serve the market need for next-generation mobile broadband."
6 Things To Read Before Trading Today
- Stocks were mixed in Asian trade. Shanghai and Australia both lost about two thirds of a percent, the Nikkei was down about a half percent, but the Hang Seng rose a fraction. Europe however is generally higher with the Dax up more than one percent and the Footsie holding a gain of about one third of a percent. US stock futures are fractionally higher as I write.
- President Obama went to the G20 meeting with the intention of pushing his counterparts to keep the stimulus coming, he met stiff resistance. Despite concerns of the leaders at the gathering that the global recovery is “uneven and fragile” they agreed that fiscal responsibility was the way to go. But at the end of the day they actually committed to very little. Morgan Stanley’s Asian chairman Stephen Roach says, “I am underwhelmed. By attempting to finesse the trade-off between America’s call for ongoing stimulus and Europe’s penchant for fiscal consolidation the G20 has come up with a multi-purpose recipe with no enforcement mechanism.” They said they would cut their collective deficits and pursue higher capital requirements for banks, but that they would only do this once the economic recoveries take hold and left that determination for another day.
- German states have been releasing the June reading of their Consumer Price Index this morning, some of the results include: Hesse 0.0% on a month to month basis and +0.5% year over year, Brandenburg +0.1% and +0.8%, North Rhine-Westphalia 09.0% and +0.7% and Bavaria +0.1% and +0.9%. The national reading on the CPI is due out later this morning, the EU harmonized version is expected to be +0.2% on the month and +1.0% year on year.
- Tropical storm Alex is in the Gulf of Mexico, it is expected to become a hurricane but it is not expected to travel near the troubled BP oil well area.
- The May reading of Personal Income and Spending is due out at 7:30am CDT. Income is expected to be +0.5% and the estimate for Spending is +0.1%. The forecast for the month on month reading of the PCE Core is +0.1% and the year on year result is expected to be +1.2%.
- There are a couple of regional Fed surveys due out today. The May reading of the Chicago Fed National Activity Index is set to be released at 7:30am CDT, it is expected to be +0.32, slightly higher than the month before. The Dallas Fed Manufacturing Activity Index for June will be out at 9:30am CDT, it is expected to be +3.2, up a fraction from May,.
Friday, June 25, 2010
LoJack Corporation (NASDAQ: LOJN) $69M (MarketCap) Announces Strategic Restructuring Plan
LoJack Corporation (NASDAQ: LOJN) announced today its strategic restructuring and workforce reduction. The company reported that it has restructured the company's operations and reduced staffing to maintain and strengthen the company's position in the marketplace. These initiatives principally affect the company's corporate headquarters and field sales organization. The approximately $1.8 million charge related to these cost reductions will be reflected in the second quarter of this year and provide a benefit of approximately $3.5 million over the remainder of 2010, with an annualized benefit of approximately $6.8 million beginning in 2011. The work force reductions are expected to be completed in the second quarter of 2010.
In making the announcement, Richard T. Riley, Chairman and CEO said, "We regret the hardship that this restructuring will have on affected employees but believe these actions position us well to meet the changing dynamics of the automobile marketplace. We remain focused on our core domestic auto and international licensee businesses while continuing to build our Italian subsidiary and the LoJack SafetyNet business, which serves those with autism and Alzheimer's.
"The stabilization in the global auto market over the last few months has been encouraging. We continue to expect a moderate year over year increase in revenue, modest profit, positive operating cash flow and healthy margins for 2010. Our revenue growth will be gradual and will be concentrated in the second half of the year."
Premier Exhibitions, Inc. (NASDAQ: PRXI) $54M (MarketCap) +9%
Premier Exhibitions, Inc. (NASDAQ: PRXI) is currently trading at $1.16, up $.10 or 9.43%. This company develops and tours museum quality exhibitions throughout the world. The exhibitions contain authentic artifacts presented in museums, exhibition center, and non-traditional venues using compelling stories. Presently, the company operates and/or presents and promotes 3 different types of exhibitions:
- "Titanic: The Artifact Exhibition," and "Titanic Aquatic;"
- "Bodies...The Exhibition," and "Bodies Revealed;"
- "Dialog in the Dark."

To date, the Titanic: The Artifact Exhibition has attracted more than 18 million visitors and continues to break attendance records. Allowing recovered artifacts to tell the story, this exhibition follows the chronological journey of the Titanic. The story leads the visitor from the construction yards in Belfast, Northern Ireland where the Ship was conceived and built, to the gangway of the giant Ship as it sets sail on the fateful, maiden voyage. During 7 research and recovery exhibitions, more than 5,500 artifacts have been recovered. The 100th anniversary of the sinking in 2010 is expected to draw even higher numbers.

The “Bodies…The Exhibition and Bodies Revealed” exhibitions are the newest additions to Premier’s portfolio. They employ polymer preserved, real human specimens to provide a firsthand look into the human body, its systems and functions. Each specimen conveys insight into anatomy, skeletal structure, or tissue in a way that inspires many to take better care of their health. To date, these exhibitions have already attracted more than 3.5 million visitors.

In February 2008, Premier Exhibitions released its newest exhibit, “Dialog in the Dark”. Visitors are led by blind or visually impaired guides through a specially constructed and totally darkened Exhibition, in which sounds, wind, temperatures, and textures covey the characteristics of common daily environments such as a park or cityscape. In the dark, these environments take on a whole new dimension. Visitors must rely on the guides for security and orientation in this world without pictures. Relying also on their other senses, visitors learn to “see” in an entirely new way. Their experience leads to reflection: social borders are reduced and ignorance gets changed into openness and respect. You can view a detailed video here.
On Tuesday, Premier Exhibitions announced that its largest shareholder, Sellers Capital Master Fund, has begun a search for a single buyer of its 46% equity investment in the company. SCF said it intends to return all capital to its investors over the next 12 to 18 months following redemption requests. SCF also said it will not sell any of Premier's shares in the open market. The fund, facing redemption requests, plans to return all capital to its investors over the next 12 to 18 months, Premier said in a statement. Sellers Capital has also advised Premier that it will not sell any of its shares in the open market.
"The best course of action to protect both SCF's investors and Premier's shareholders is to implement a 12-18 month lockup and take our time to look for the right buyer for our shares," Mark Sellers, chairman of Premier's board and managing member of the fund said.
Janel World Trade Ltd. (OTCBB: JLWT) $9M (MarketCap)
Thursday, June 24, 2010
Mesa Energy Holdings, Inc. (OTCBB: MSEH) $16M (MarketCap) Provides Ludwig #1 Update
Mesa Energy Holdings, Inc. (OTCBB: MSEH) is an exploration stage oil and gas exploration and production company with a focus on the Marcellus Shale in western New York. Today, the company provided an update on its re-completion of the Ludwig #1 well in its Java Field prospect located in Wyoming County, New York.
The Ludwig #1 in the southern portion of the Company's Java Field has been successfully re-completed and fracked in the Marcellus Shale zone. A total of 36 feet of well bore was perforated between 1,892 feet and 1,994 feet and fracked with 77,000 gallons of water and 141,600 lbs. of sand. Initial pressures and flow-back rates have been higher than expected. Flow-back of the frac water is continuing and surface facilities are being installed in preparation for re-connection of the well to the Company's pipeline system. There is not yet enough data to accurately quantify the gas flow, however, there is clear indication of a strong gas presence in the Marcellus zone. Planning for the re-completion and fracking of additional wells in the field is underway.
"The initial performance of the Ludwig #1 and the Reisdorf Unit #1 strongly supports our efforts in the Marcellus Shale in western New York. We are moving forward with the planning of additional re-completions in the field as well as evaluating potential acquisitions and joint venture opportunities," said Randy M. Griffin, CEO of Mesa Energy Holdings, Inc. "We will continue to provide updates as new information warrants."
Converted Organics, Inc. (NASDAQ: COIN) $32M (MarketCap) Receives 2010 The Idea Award
The Ad Club, in partnership with The Boston Globe, created The Idea Award in an effort “to honor the biggest and brightest thinker working at the intersection of Boston’s creative and innovation economies.” Award nominations were open to the public and were designated to celebrate local individuals, brands and companies that live and thrive in the city of Boston, but foster innovation and revolutionary ideas that, according to The Ad Club, have the potential for global impact and to help change our world for the better.
Converted Organics ™ Inc. (NASDAQ: COIN) today announced that it has been named the winners of The Ad Club’s 2010 The Idea Award, in the start-up brand category. This award was presented by representatives from the Boston Globe to David A. Flannery, Converted Organics’ Vice President of Marketing, during the Ad Club’s EDGE Conference, Branded in Boston. As a clean technology company, COIN is committed to effectively disposing of food waste without producing harmful greenhouse gases and is a sustainable alternative to urban landfills. Every year in the United States, 31 million tons of food waste is disposed of in landfills, where it decomposes to create methane—a greenhouse gas 20 times more environmentally destructive than CO2. Converted Organics strives to reduce the amount of food waste that ends up in landfills while creating a value-added product, and their efforts have been recognized today with this award.
"We are honored to accept this award, and it is heartening to learn that The Boston Globe and the Ad Club have recognized the value of what Converted Organics(TM) and our supporters seek to accomplish. We believe that the conversion of food waste into organic fertilizer is a revolutionary idea that will impact and shape the world in which we live as these products continue to gain market acceptance," said Flannery.
PureSafe Water Systems, Inc. (OTCBB: PSWS) $43M (MarketCap) Sits Down with WMM
As we’ve seen all too much this year alone, natural and man-made disasters have exposed drinking resources in those stricken communities to bacteriological and chemical contamination, making a once abundant clean drinking water source ineffectual in the greatest times of need. Ms. Kessler and I spoke on many different historical examples of catastrophes whose immediate first response relief has been swift and passionate, but not necessarily efficient as civil unrest and desperation threatened the prosperity of the relief efforts because of a prolonged lack to basic survival resources.
Ms. Kessler is the chief executive officer of PureSafe Water Systems, Inc., a company that has committed to developing PureSafe patented technology to provide purified drinking water to disaster response teams using a mobile unit specifically designed for rapid deployment worldwide. The unit can siphon water from any source albeit a lake, swimming pool, flood site, pumping it through the non-specific contaminant purification system- meaning it can decontaminate any and every strain of bacteria or pollutant with no need to test the water supply first for safety. The output takes only thirty minutes and can supply up to thirty thousand gallons of water a day, enough to serve forty-five thousand thirsty survivors and victims’ in portable bottles or bags onboard the unit.
PureSafe is considered a game changer among the disaster relief community that includes the government analysts testing the prototypes. While disaster relief is a highly collaborative effort among citizens and governments to suppress the damage and deliver resources and aid during an emergency in an efficient and well-organized fashion, the fundamental problem lies in distribution and the lack of preparedness protocol in public and private entities that are overwhelmed during these kinds of crisis (think of a hospital, for example). Take Hurricane Katrina as a practical model. The machine could have been air-lifted on a roof of by the stadium, connected it to contaminated flood water, and distribute it to the suffering people accordingly.

The company is currently undergoing government approval testing and in that effort, has hired on Underwriters Laboratories to help evaluate the electrical safety and performance of PureSafe’s First Response Water System functioning prototype. On today’s agenda is assessment of the uplift capabilities of the machine by crane.
The functions are simple enough so that the end-user only has to turn on the failsafe machine. Buyers of the mobile units (equipment with heavy-duty wheels built for abusive terrain and a helicopter-lift positioned onto the frame) are from the public and private sector and will include local, state, and federal agencies and departments including FEMA; hospitals and universities; the military, national guard and Homeland Security; hotels and many, many more national and international organizations that have interests in disaster response preparedness. The machines can be bought outright with warranties, leased, or rented with PureSafe providing on location support and staffing; towns and cities can also pool money together to buy one machine to share.
Ms. Kessler came into PureSafe in 2007 and immediately recognized that the existing technology was not fitting the needs of those demanding the kind of solutions the company was in the process of creating and subsequently, they started all over. They realized no company was totally focusing itself in the disaster response area that concerns water distribution while recent events have emphasized, now more than ever, that preparedness is the key – what if there’s an interruption in the water supply?
“It’s a great decision to be dealing with something that can make a difference and save people’s lives, and still be a very profitable company” said Ms. Kessler.
They’ve been attending conventions to network with potential buyers and investors this year. The company’s presentations have been extremely impressive: PureSafe is fulfilling a whitespace by providing a simple water purification service that can deliver potable water to thousands with the flip on an “on” switch. Ms. Kessler didn’t want to give information that has yet to be disseminated, but she did give a one-word response to questions concerning this year’s corporate performance that gives all the guidance shareholders need to hear: revenue.
Ms. Kessler confidently asserted that yes, in fact revenue will be booked this fiscal year and sales will be made. In July, the company will be presenting at a fire expo show with representatives from all over the Eastern seaboard that will offer major exposure for the PureSafe First Response Water System. The business structure is in place and the newly appointed board of directors is deeply experienced, knowledgeable, and very active. The workload and margins are in place and favorable. Finally, the need of the products are there, so what comes next, I asked her? It’s time to start selling inventory.
China Shuangji Cement, Ltd. (OTCBB: CSGJ) Secures $3.7 Million Loan

China Shuangji Cement, Ltd. (OTCBB: CSGJ) is a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People’s Republic of China. China’s economy continues to expand, and the company forecasts strong demand for the high-grade bulk cement it producers. This cement is being used for general construction and for large infrastructure projects, such as the highway the government is currently building from Longkou to Qingdao. The Chinese government has recently initiated a $586 billion stimulus program, ensuring investment in cement intensive projects for years to come.
Today, the company has received a $3.7 million loan from an individual named Jiping Wen. This loan has no collateral and its term is 10 years with an interest rate of 10%, payable every six months and the principal is not due until maturity. The interest will accrue from January 1, 2010 to December 31, 2020. China Shuangji plans to use the loan to complete the construction of its new state-of-the-art cement factory in Zhaoyuan City, which includes the purchase and installation of new equipment, and for other corporate purposes, such as working capital. The new facility has direct access to a new highway that leads to many of China Shuangji’s customers as well as to nearby ports. It will increase production capacity by 1,000,000 metric tons, or roughly 66%, to an estimated 2,500,000 metric tons per year. China Shuangji currently sells all the cement that it produces, so this upcoming 66% increase in capacity should directly translate into a commensurate increase in sales and profits. To date, the company has received approximately $2 million of the loan amount and expects to receive the remaining balance soon.
In response to the news of this loan, China Shuangji, Inc. is currently trading at $.72, up $.10 or 16.13%.
Mr. Wenji Song, Chairman and President of China Shuangji Cement, Ltd., commented, "We have already purchased, or placed deposits on key production equipment that we need to finish our partially completed new Zhaoyuan cement plant. Finish work and the installation of the new equipment is all that remains at this stage. We are excited to move forward and look forward to bringing this facility online shortly and expanding production."
Wednesday, June 23, 2010
Janel World Trade Ltd. (OTCBB: JLWT) $9M (MarketCap) Sits Down with WMM
Janel World Trade offers full-service cargo transportation logistics management, including freight forwarding – via air, ocean and land-based carriers – customs brokerage services, and warehousing and distribution services. The company operates a second, much smaller segment selling computer software, support, and maintenance. Janel offers value-added logistics services in addition to its traditional freight forwarding business that’s been conducting business through a network of company-operated facilities and independent agent relationships in most trading countries.
I’ve written two articles previously on Janel as two interesting pieces of news hit wires almost back-to-back, starting with the company announcing they had completed a comprehensive and successful test on the effectiveness and safety of Clear Blue 104™ as an effective algaecide and bactericide in live lake conditions during 2009. The Clear Blue project is one that’s been in research and development for the last two years specifically for the application of Lake Tai, a body of water in Shanghai that supplies drinking water around the country that has recently been plagued by an explosion of dangerous algae born from man-made waste that has turned the lake ghoulish fluorescent green.
While the solutions to the rampant and observable pollutions in China are going to ultimately be political, Janel has been working had to provide a practical step towards changing the ultimate fate of this ancient countryside’s primary source of water, a basic human necessity and resource. Solutions are available, but the government won’t get behind them because that would shake the “social order” of the culture – that environmental activities speaking out and damming the current conditions to bring about social change would be heard by stepping on the toes of the local officials.
I talked with Paul McCreary, he’s the president of the Environmental Products Division at Janel who was able to clarify the history of the project and some updates. First and foremost, I asked how a U.S. transportation and logistics company becomes involved with cleaning up polluted lakes in China.
Janel had been approached about two years ago by an environmental group who wanted to move 600 containers of clean-up solution to Lake Tai and had asked Paul for help in acquiring some of the needed equipment and manpower to complete the project, a value-added service the company was happy to provide. Having a familiarity with Chinese customs and the nature of how they do business, the management team at Janel began to notice the environmental group wasn’t progressing the way they should because they did not recognize what they were doing wrong – specifically, dealing with the central governments and bypassing the local officials who are actually in control of the municipalities of the area during communications. When the company lost the contract to license the Clear Blue solution, Janel took advantage of an opportunity to leverage their accumulated knowledge on the project and political roadmaps to plunge in and take over from there.
That’s exactly what they did. Janel has become the distributor of the Clear Blue 104 anti-algaecide and bactericide, the same solution that was in the 600 containers they were paid to ship to China only two years earlier, and has successfully completed two series of tests on live lake conditions in the area the company had footed the bill for. They’ve partnered with numerous international environmental consultants in China and San Diego, Hard Hat Services, an environmental construction firm, and a consorting partner that brings web-based water monitoring technology to the table. The next step was to approach the United States Trade Department (USTD) to apply for a grant that could test the effectiveness of the Clear Blue solution and other American resources in a major environmental remediation project and with tremendous assistance from the World Bank who has themselves committed $150M to clean up Lake Tai, landed one. The Chinese have committed to cleaning up the lake but lacked the technology to do so, and that’s where the USTD comes in. The current U.S. Administration has made no secret of its position on foreign trade – export as much as possible to compete with other nations – so developing and launching environmentally responsible aid in foreign nations is a nice foothold to start from.
“The political climate for us is good; we’ve got tremendous support in the Wuxi municipal government, which is the largest city that surrounds Lake Tai with a population of about five million. So our support with the Municipal Water Resources Bureau and the environmental testing service with the mayor’s office are extremely good” Mr. McCreary said.
How will we know this pilot project is a success? The two most important attributes that need to be accomplished and consistent from here is scalability and the ability to replicate what Janel has done at Lake Tai in other provinces in China and around the world. The pilot project is set to commence late this summer during which local, state, and federal and central officials from the U.S. and China will be invited to view the technology and processes Janel has been working so hard on. Big support has come from right here at home: Mr. McCreary has spoken with and secured support from two house members from New York and two senators from New Jersey about the company’s efforts in China during a time in which the political Administration in office that has been more committed to opening economic flexibility and promoting trade with foreign nationals than any other time in history.
You can read my original article on Janel here that follows the story of the company announcing they had been awarded a USTD grant to further test Clear Blue at Lake Tai, released in May. Following that article a week later, I wrote about second quarterly earnings that had been released– revenue was up 12%, a record for Janel while net income was $.006 per share compared to a net loss for the year earlier. Janel has also reported they had hired on Mr. Ray Tobia from Air Sea Forwarding, Inc., who was expected to bring about $1.5-$2M in top-line revenue growth for the rest of this year.
Lastly, I wanted to point out the price to sales ratio. Sales in 2009 totaled $82,746,806 and weighted-outstanding shares as of today totals 18,381,082; meaning revenue per share is $4.50. The share price today for Janel is $.50 per share, putting the price-to-sales ratio at .10x – a strikingly diminutive ratio when compared to their peers.
Middle East :Large American Forces Assembling
According to a report from a semi-official Iranian news agency, the Israeli Air Force recently unloaded equipment at a Saudi Arabia air base. Additionally there are other reports that a large American force has massed in Azerbaijan on the northwest border of Iran .
This follows a report from a few days ago that the Pentagon has confirmed an unusually large American fleet sailed through the Suez Canal over the weekend and it is said that this fleet was joined by at least one Israeli ship.
Hythiam, Inc. (OTCBB: HYTM) $18M (MarketCap) +23.81%
When health plans look at the cost of addiction, they look at how much of the behavioral health dollars are being spent on addiction. Unfortunately, they find that only 6% of the costs show up on treatments while 94% of the costs show up on the medical side, in terms of emergency room visits, readmittance, etc. Hythiam, Inc. (OTCBB: HYTM) has positioned itself to change these economic dynamics and the industry is apparently taking notice. Through its
Catasys subsidiary, the company provides specialized behavioral health management services to health plans, employers, and unions through a network of licensed and company managed health care providers. The Catasys substance dependence program was designed to address substance dependence as a chronic disease. The company may finally be on the verge of announcing significant contracts—a major step which has eluded the publicly traded small-cap company for some time.
According to analysts, a contract with a major health plan provider would not only support, but also validate Hythiam’s innovative, proprietary and integrated substance dependence treatment program, that combines medical interventions, psychosocial therapy and care coaching that many see as a less expensive and effective treatment option. Hythiam, Inc. (OTCBB: HYTM) is currently trading at $0.26, up $0.05 or 23.81%.
In an exclusive interview which appears at BioMedReports.Com today, Terren S. Peizer, CEO of Hythiam, says: "We are in the right place, at the right time, we finally have the goods and we have all these tailwinds at our back with health plans across the country to come up with a solution and we have the only integrated solution, the only easily plug and play solution, the only one that they can adopt in the next year. It's exciting. It's been a long road. It's been a very bumpy road, mostly down over the last 2 years, but I think we're on our way now."
3 Things to Know Before Market Open
*The June reading of Germany’s manufacturing sector Purchasing Managers Index was down a couple tenths to 54.6, close to the forecast. The service sector PMI was three tenths lower at 58.1, also near the estimate.
*The Bank of England voted 7 to 1 to keep interest rates steady at 0.50% earlier in June; Andrew Sentance was the dissenter, he wants to begin to gradually remove accommodation say the minutes from their latest policy meeting.
*In May there were 36,709 loans for house purchases in the UK, according to the British Bankers Association, that was seven hundred more than forecast.
*US mortgage applications were down 5.9% in the week ended June 18, according to the Mortgage Bankers Association; after increasing by 7.3% last week applications for loans for purchase fell by 1.2% in the latest report.
*The May reading of New Home Sales is due out at 9:00am CDT. This statistic is for contracts signed in May, post tax credit, and it is expected to be lower by 18.7% from the April result down to an annualized sales rate of 410k units.
*The weekly report on energy inventories is due out at 9:30am CDT. Stocks of Crude Oil are forecast to fall 800k barrels, Gasoline inventories are expected to be down 180k and the estimate for Distillates is +1.5 million.
*The Treasury plans to sell $38 billion 5 Year Notes today, the results will be announced just after noon CDT.
*The post meeting FOMC statement on the economy and monetary policy is expected to be release at about 1:15pm CDT.
Tuesday, June 22, 2010
Reed’s Inc. (NASDAQ: REED) $21M (MarketCap) Hits South Korea
In order for investors to understand why this article is important, let’s first consider a few numbers. According to a Wikipedia page that offers a list of the world’s soft drink companies by their country of origin, there are thirty-one soda makers in South Korea compared with ninety-nine in the United States. Because the Koreans export so many products and the majority of the country’s gross domestic products are supplied by exporting businesses, imports are common among all sectors and industries. But there’s an economic barrier of entry into the Asian region for a small company like Reed’s to hurdle, and yet they did.
Reed’s makes the top selling natural sodas in the natural foods industry by marketing their products in over ten thousand food markets and supermarkets nationwide. The company owns the top selling root beer line in natural foods and brews a unique ginger soda distinguishing itself from the rest of the beverage industry. Other lines include private label candies, ice creams, and nausea-relief products.
Today the company announced that it has reached a distribution agreement with a specialty distributor of gourmet foods and beverages based in Seoul, South Korea that will begin carrying a few Reed's handcrafted ginger ales (Original Ginger Brew and Raspberry Ginger Brew), as well as Sonoma Sparklers, a recently acquired product line for direct store delivery.
Neal Cohane, Reed's Senior VP of Sales and Marketing, commented on the importance of the import business in South Korea by saying, “The majority of the country's food and beverages are imported, with overall imports to the country totaling $323.1 billion in 2009, and a rapidly growing market for organic products. This is an amazing opportunity for Reed's all natural premium products."
Coca-Cola hadn’t even arrived in the country until June of 2000 when the U.S. lifted sanctions against Pyongyang, and to this day Koreans do not consume a wide variety of soda flavors or brands, much less natural and specialty sodas offered by small up and coming companies like Reeds. When the uquitous red and white can finally hit the lips of Korean consumers, even then Coca-Cola admitted it wasn’t expecting to turn large profits by operating the country – they just hoped to create a home advantage in the new battlefield for war against Pepsi. Reed’s will likely have similar challenges but seem well-equipped to weather the political and economic storm that plagues the impoverished company.
COPsync Inc. (OTCBB: COYN) $13M (MarketCap) Signs Six
COPsync is positioned to become one of the fastest growing software technology providers to law enforcement and emergency service professionals worldwide that allows users to share critical life-saving information across jurisdictional boundaries.
The stand-alone software features a “Call for Service” interface that dispatchers and officers control collaboratively and has the abilities to record every action an officer takes after receiving a call including time stamps and en-route tracking and information. The software also features a simplified, time saving method of capturing citations digitally in real-time and electronically forwarding the data to the existing Court Management Systems. Other features of the e-Citation module include a powerful search option and criminal and offense history of the individual driver.
The COPsync software boasts a long list of other features that makes an officer’s job more efficient such as instant messaging between users; paperwork minimizing process for offense reporting like crash incidents; and other advanced features that includes a Law Reference module and “Be On the Look Out” that allows critical information distribution and intelligence notifications.
The usability in the software is extremely valuable to law enforcement agencies around the world agrees six new license agreement holders within the State of Texas. They are the County of Foard Sheriff's Office, the City of Crowell Police Department, the Cottle Sheriff's Office, City of Paducah Police Department, City of Bartlett Police Department and the Vidor Independent School District Police Department.
The agencies signed contracts with COPsync for the installation of the software and to become active members of the information-sharing network with other users of the software via their in-car laptop or handheld devices.
"As more agencies throughout the state join our network, the volume of information available will increase accordingly, providing users on the network the information needed to successfully combat crime in their community. The ability to share valuable law enforcement information at the point of contact and in a real-time setting is going to be extremely valuable to these Law Enforcement officers," stated COPsync CEO, Russell Chaney.
Inflation? Who is going to Pay for it?
By: Lou Brien
The Fed is mandated to create policies that are capable of sustaining maximum employment and at the same time keep prices stable. But there is a first among equals in this dual mandate; price stability matters more to the Fed. That’s because the level of prices and the path they follow shapes some of the key decisions made by businesses and consumers which in turn can play a role in determining the vitality of the labor market. Price stability is of course not a one way street. While inflation is the normal concern of central bankers there are times when the threat of deflation predominates and on those occasions it is the second among equals in the Fed mandate that must step up before the Fed can stand down on the possibility of generally declining prices, at least that is how I see it in the current situation.
The Fed has been chattering about their exit plan from the extremely accommodative monetary policy for several months, even tinkering with some of the facilities they expect will help them accomplish the task. Kansas City Fed boss Hoenig has been a dissenter at every FOMC meeting this year and is on record calling for a rate hike by the end of September. St. Louis Fed President Bullard says that he’s not worried about inflation springing up any time soon, but "in the medium term we do have very substantial inflation risk in the US because of substantial fiscal deficits and ultra aggressive monetary policy." There are other Fed policymakers who have also expressed similar concerns about the future path of inflation should the central bank stay too easy for too long. There is an undeniable logic to the inflation story; low rates, high excess reserves and a rebound in the economy make the case for a scenario of rising prices as easy as pie to construct. And that may be the reason why the persistent disinflation has been so difficult for some to swallow.
It was late in 2008 when the Fed expanded the Monetary Base by more than $1 trillion and contracted the Fed Funds rate to a range that includes zero as its lower boundary. The Core CPI was running at 1.8% on a year over year basis that December, it is half that now; the latest reading shows it at a forty five year low of 0.9%. The Cleveland Fed’s Median CPI, a measure of prices that is considered to be a superior gauge of the inflation trend, has fallen from 2.9% at the end of 2008 down to an annualized rate of just 0.5% in May. The Fed has taken note of the trend in its latest economic forecast. At the January FOMC session twelve of the seventeen meeting participants projected that the 2010 year end PCE Core inflation rate would be somewhere in the range of 1.1% to 1.4%; four others estimated that it could be as high as 1.7% to 2.0%. But at the April meeting eleven of the participants were projecting a year end rate in the range of 0.7% to 1.0%; in January there was only one estimate as low as 1.0%. The high guess at the April meeting was 1.5% to 1.6%. In my opinion this was a quantum leap down on the outlook for inflation and the price data that has been released since April has only served to reinforce the downward shift in the Fed’s view; for example, the current three month annualized rate for the CPI Core is way down at 0.4%. Let’s face it, after a year and a half of a zero bound Fed Funds, quantitative easing, enormous fiscal stimulus, a huge stock rally and three quarters worth of economic growth, inflation isn’t threatening to go too high, but rather, it is edging too low. So, what’s the deal?
I think it continues to be the case of, "Inflation! Who’s going to pay for it?" The inflationary episode of the seventies was led by strong income growth. Even the Weimar experience was characterized by wheelbarrows full of money necessary to buy loaves of bread, but the point is the consumer had piles of the worthless cash with which they could fill the wheelbarrows. The current situation is characterized by low wage growth and declining incomes when government transfers are removed from the calculation and a consumer sentiment about their finances that is at or near record lows. "When asked about their current finances, just 11% of all households mentioned recent income increases in early June, the second lowest level recorded in more than sixty years," says the University of Michigan survey of consumers, which adds, "Income expectations for the year ahead were as grim, as nearly six-in-ten consumers expected no increase at all in their nominal incomes." The survey also revealed that "when consumers assessed prospects for real income gains over the next five years, they judged their chance at less than one-in-three, the lowest probability recorded in the twelve year history of the question." The important thing to note is that this lowest ever result is being recorded more than one year after the depths of the global economic crisis were hit. Allow me to belabor the point. The Consumer Confidence report compiled by the Conference Board shows that for the first time in the history of their survey there are more respondents who think their income will decline than there are those who think it is going to rise. The trend started with this recession and although the differential was worse at the economic nadir it is an outlook that persists.
The logistics of inflation requires that consumers have the money to pay higher prices for goods and services and that they continue to buy similar amounts of those goods and services at the increasingly higher prices. Income must go up at a rate that is as fast, or faster, than the rate of inflation or credit must be easy and desirable to obtain to make up the difference. That was likely the case during the last decade when credit was fast and loose and sought after. But household debt is now amounts to more than ninety percent of the country’s GDP for the first time since the Depression; in 2000 household debt was about sixty seven percent of GDP and it was just over forty percent during the seventies. Households are not adding to their debt burden at this time they are shedding it. This is deleveraging and this is deflationary. In aggregate, households are income starved and overstuffed with debt and interest payments. I don’t know where the money to pay for inflation is supposed to come from. In the current circumstance higher prices means fewer purchases, pricing power does not currently exist and will not until hiring gets significantly better and aggregate income goes along for the ride. Price stability is the first among equals in the Fed’s dual mandate but I don’t see how that is achieved without the second among equals picking up the pace. There may be logic to the inflation story but I don’t think the math of the household budget supports it.
Inflation, no thanks, can’t afford it.
Monday, June 21, 2010
BREAKING NEWS - MagneGas (OTCBB: MNGA) Nearing Completion of Plasma Arc Flow Refinery
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Communication Intelligence Corporation (OTCBB: CICI) $15M (MarketCap) Trading at +63%
Communication Intelligence Corporation (OTCBB: CICI) is currently trading at $0.08, up $0.03 or 63.27%. Over the past several years, this company has emerged as the leading supplier of electronic signature solutions within the Financial Services Industry. This leadership is evidenced by CIC’s large scale deployments at leading financial institutions including such companies as: AGLA (American General Life & Accident), Allstate Insurance, Charles Schwab, Prudential Insurance, Snap-on Credit, State Farm Insurance, Travelers Insurance, Wells Fargo Bank and WFG (World financial Group). The draw to CIC’s products is due to their ability to enable companies to achieve truly paperless workflow in their eBusiness processes. This is done by providing multiple signature technologies across virtually all applications in Software as a Service (SaaS) and fully deployed on-premise delivery models. Web services can facilitate end to end management of multi-party approvals of PDF and XHTML documents when using CIC’s products.

On June 8th, the company announced that a top 5 insurance carrier and a top 10 auto insurance company had successfully deployed self service auto insurance solutions leveraging its SignatureOne® Ceremony® Server. The solutions allow the insurers’ customers to apply for and bind an auto insurance policy during a single visit to their website without any agent assistance. This shift in current technology deployments to a Services Based Architecture enables CIC customers to rapidly customize, configure, and implement its product. For instance, one of these initial deployments was live on the customer’s website in less than 90 days and received rave reviews from senior management at the carrier.
Industry analysts such as TowerGroup confirm that the number one driver for insurance carriers in the U.S., North America, and Western Europe is expense reduction. Insurance companies are now running on 6 years of decreased premiums due to competitive pressures. Furthermore, based on recent events in the financial markets, the carriers cannot count on investment income to make up the difference as they did in past years; therefore focusing on reducing expenses is a must.
Guido DiGregorio, CIC’s Chairman and CEO, commented, "Insurers offering a fully electronic and automated quote to bind process on their web portals can also significantly decrease the cycle time, improve customer satisfaction which increases acquisition rates and reduces attrition rates, and accelerate collection of initial premiums. This has been made possible with our electronic signature technology that enables the final stage of the final steps of the workflow and eliminates the need for paper processing."
The SOA design and capabilities of the SignatureOne Ceremony Server also allow CIC customers to expand its usage for other products or lines of business as an integral service within their enterprise architecture. These insurers are currently integrating with other application processes and are expected to have additional products and business lines benefitting from this within the next few months.
Sunday, June 20, 2010
Social Media Penetration and Small Public Companies - Cannabis Medical Solutions (OTCBB: CMSI)
Today I begin with Cannabis Medical Solutions, Inc. (OTCBB: CMSI). The WMM Editor’s Desk has previously covered this $14 million marketcap bulletin board company on May 13, 2010:
- http://www.worldmarketmedia.com/779/section.aspx/1477/post/3-market-movers-amex-evk-otcbb-cmsi-otcbb-psws
- http://www.worldmarketmedia.com/1618/section.aspx/169/tag/cmsi
- Higher Risk Mail Order Web Sites;
- Travel Businesses/Hotels/Travel Agencies;
- Established Legal Gaming;
- Offshore/International Credit Card Processing;
- Etc…
1 – Google:
A Google search for Cannabis Medical Solutions returned 96,000 results showing random articles based around CMSI’s news along with some interesting coverage on niche sites like marijuanastocks.com, beaconequity.com and news-medical.net.
2 – CMSI’s website (www.cannabismedsolutions.com):
CMSI has an Investor Relations section of their site but no corporate Blog.
3 – Alexa:
Alexa Traffic Rank: 1,448,063 and Traffic Rank in US: 733,504.
4 – Google Page Rank:
The page rank value is 2 from 10 possible points.
5 – Compete.com:
The site has too little traffic to be rated.
6 – Facebook:
CMSI doesn’t seem to have a Facebook fan page but a search returns a link to their stock quote on YahooFinance.
7 – Twitter:
A search for Cannabis Medical Solutions returned no real results. CMSI doesn’t seem to have a Twitter account and the handle CMSI is taken by 昼休みにtwitterに登録した with 4 followers.
8 – YouTube:
CMSI doesn’t seem to have a YouTube channel or any related videos.
9 – BlogPulse:
BlogPulse returned 55 articles related to Cannabis Medical Solutions and 124 related to CMSI, although this particular search doesn’t seem to be accurate.
10 – SocialMention.com:
I am still not certain if SocialMention gives an accurate read of the social media landscape but the results are as follows:

11 – Stock Message Boards:
- Yahoo Finance – the stock doesn’t appear to have one.
- Raging Bull – the stock had 6 total posts.
- InvestorHub.Com – showed 5,734 posts.
My overall review is that, with the exception of InvestorsHub.Com, CMSI has had very little social media penetration. I believe this stems from the fact that the Company has not established a Blog to initiate any online conversations around their brand. I look forward to updating this review with a follow-up evaluation in the future.
Friday, June 18, 2010
Sector 10, Inc. (OTCBB: SECI) $3M (MarketCap) Opens Doors to Foreign Media
Unthinkable natural disasters, security breaches, and terrorist attacks have revealed vulnerability in the way that the public and private sectors handle and respond to emergencies. While technological advancements have improved efficiency and productivity, and created new possibilities for every aspect of our work life, the security sector and the emergency response methods and systems have remained virtually unchanged for decades. Sector 10, Inc. (OTCBB: SECI) formed with the mission to change that. Through conducting a complex analysis of global disasters and the limitations of existing response systems, Sector 10 has developed revolutionary information technology, communication, crisis management, monitoring systems, and highly effective emergency response control units that bring first aid and safety to unprecedented heights. Sector 10, Inc. is redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources. It is currently the only emergency response systems company that strongly emphasizes pre-deployed resources as the way to save lives, avert injuries, reduce liability, and to “Bridge the Survival Gap”.
Today, the company announced that it had received inquiries from international advertising companies interested in its Stationary Response Unit-Media Unit (SRU-M) products for international applications. Following this announcement, Sector 10 is currently trading at $0.074, up $0.0189 or 34.30%. The SRU-M is a product that can deploy equipment to aid up to 200 people during a Terror evacuation, natural disaster, or man-made incidents. The SRU-M can be located in a subway, airport, mall, expo-center, or anywhere people congregate in large numbers. With this product, the individual consumer will benefit from both the advertising stream and the life safety equipment it deploys.
Tour the SRU-M Demonstration Here
Company CEO Pericles DeAvila stated that he was confident that as more SRU-M’s get deployed, the cost/benefit to the advertiser will be apparent with enhanced consumer participation and increased retention of displayed information. The success of the product will be driven by current public safety needs and the consumer’s personal safety and self interest.
MagneGas (OTCBB: MNGA) Nearing Completion of Plasma Arc Flow Refinery
TAMPA, FL--(Marketwire - 06/17/10) - MagneGas Corporation ("MagneGas" or the "Company") (OTC.BB:MNGA - News), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that its construction of the 200kw Plasma Arc Flow™ Refinery ordered by Beijing-based DDI Industry International ("DDI") is on schedule and nearing completion. The Company expects DDI to inspect the unit in person in July, and make its final payment of $950,000 by no later than August 31, 2010. DDI previously made a $950,000 down payment toward the $1.9 MM Refinery purchase price.
For the first time MagneGas is giving investors a window into its workshop -- view photos of the actual China Refinery in progress at http://ir.stockpr.com/magnegas/refinery.
"We are very proud of this latest Refinery -- with it we have advanced the MagneGas™ Technology and have produced our most efficient unit to date, improving both liquid waste processing and clean fuel production," stated MagneGas President Richard Connelly. "We have also demonstrated to future customers that we can build to custom specifications, and do so on time and within budget. This is a positive milestone in our development, both in terms of product and of process."
WMM Micro and NanoCap Index Movers (NASDAQ: HOTT) (OTCBB: ASYI, MNGA, MFGD)
AISystems, Inc. (OTCBB: ASYI) is currently trading at a 52 week high of $0.50, up $.12 or 31.58%. The company hasn’t released information since June 7th, when it announced its revolutionary crew scheduling and rostering technology will be released in 2011. This technology allows airlines to create crew schedules and rosters in minutes, something that can currently take a several days to accomplish. Furthermore, this technology permits scheduling changes that are guaranteed to not adversely impact the efficiency of the schedule plan.
Hot Topic Inc. (NASDAQ: HOTT) is trading at $5.53, up $0.20 or 3.75%. The teen clothing retailer on Wednesday said it does not expect to meet its fiscal 2010 operating income targets, and that its chief executive elected to cancel certain stock award units.
MagneGas Corporation (OTCBB: MNGA) is currently trading at $0.095, up $0.015 or 18.75%. Yesterday, the company announced that its construction of China MagneGas’ 200kw Plasma Arc FlowTM Refinery is on schedule and nearing completion. The company expects inspection of the unit in person to occur in July, and make its final payment of $950,000 by no later than August 31, 2010.
Money4Gold Holdings (OTCBB: MFGD) is trading at $0.118, up $0.008 or 7.27%. On June 15th, the company announced its name change to Upstream Worldwide Inc. This name change reflects Money4Gold’s expansion into direct-from-consumer reverse logistics recycling of consumer electronics.
Thursday, June 17, 2010
CopSync (OTCBB:COYN): 10 New Texas Law Enforcement Agencies

COPsync, Inc. (OTCBB:COYN), a software technology provider to law enforcement and emergency service professionals, announces today that ten additional Texas law enforcement agencies have signed agreements with the Company for the installation of the Company's information sharing technology, COPsync(TM). The City of Burnet Police Department, City of Eustace Police Department, 100th District Attorney's Office, City of Booker Police Department, City of Jarrell Police Department, City of Lorenzo Police Department, City of Ralls Police Department, Smith County Constable's Office, Ochiltree County Constable's and Ochiltree County Sheriff's Office have entered into contracts with the Company for the installation of COPsync in their patrol vehicles.
By utilizing the COPsync software, these agencies gain valuable access to real-time law enforcement information in a mobile environment as well as the ability to share critical information at the point of incident as crimes are reported and investigated. Additionally, any law enforcement officer on the COPsync network will be immediately alerted if an individual with whom that officer is in contact has been determined to be a safety threat, has an active warrant for their arrest, is listed as a runaway or otherwise flagged in the system by other agencies using the network. This information allows law enforcement officers to prepare and respond intelligently to a potential threat.
COPsync, Inc. CEO, Russell Chaney, stated, "We are pleased to announce additional law enforcement agencies joining our information sharing portal. As each agency comes aboard the network, it becomes more advantageous for the next agency to join. Obstacles such as in-car connectivity and the lack of technology development tools prevented an application like ours from existing previously, thus creating the lack of information sharing. COPsync provides an information collection, distribution and sharing portal so that when a subscribing officer requests information they receive it in real-time directly in the patrol vehicle. Sharing critical information at the point of incident will reduce crime rates, increase officer efficiency, and aid in solving open cases."
Northcore Technologies Inc. (TSX: NTI; OTCBB: NTLNF) Secures Capital For New Product Lines
According to the terms of the agreement, GEM has agreed to provide the Company with up to Cdn $6.0 million in the form of an equity line of credit. The Company will control the timing and maximum amount of any draw downs under this facility, and has the right not the obligation, to draw down on available funds. The Company has the option within the terms of the agreement, to draw down funds in tranches by requiring GEM to subscribe for the Company's common shares at a 10 percent discount to the average closing price of the Company's common shares over a 15 day trading period following the draw down notice date. GEM will hold freely trading shares of the Company through a share lending facility provided by current shareholders. As part of the equity credit line transaction, the Company has agreed to issue six million warrants to GEM. The warrants will be exercisable for a period of three years from the closing notice date at an exercise price of Cdn $0.27 per share.
"Investment decisions by GEM are based in large part on funding sustainable growth over the long term. Within this context, the due diligence process highlighted the depth of relationship between Northcore and GE Capital Solutions, the level of our products' sophistication, plus our ability to make strategic decisions to develop growth opportunities beyond GE that become possible with GEM's Cdn $6.0 million committed equity line and access to their business network," said Duncan Copeland, CEO of Northcore Technologies.
GTXO: Style and Safety Come Together with GPS Shoes For Alzheimer’s Care
Remember Spike Lee’s “It’s the Shoes” commercial featuring Michael Jordan? Those shoes were special because everyone wanted to Be Like Mike. Today, everyone wants to be safe, especially those caring for persons with Alzheimer’s disease. By embedding a part of a Personal Emergency Response Monitoring System (PERS) in a shoe (rather than a phone/device), the GPS Shoe responds to geo-fence perimeters established by caregivers and relays the location and alerts via Google maps to smart phones and computers. Currently scheduled for retail sale this summer, the Aetrex Ambulator® GPS Shoe will provide millions of caregivers the means to help easily find those afflicted with Alzheimer’s that wander and become lost. The GPS Shoe will be available through the Aetrex owned website www.gpsshoe.com website and a select group of assisted living facilities.GTX Corp (OTCBB: GTXO), a provide of customizable, embedded 2-way GPS Personal Location Services (PLS) solutions, is bringing personal GPS tracking solutions to the 5.3 million seniors afflicted with dementia by signing a four year, license agreement with Aetrex Worldwide, Inc. GTX Corp’s eight patents for the GPS Shoe cover a GPS transceiver module that is placed within the footwear and transmission of location coordinates to a central monitoring station which disseminates the location data through the use of proprietary software, cellular connectivity, the GTX Corp middleware platform and the secure viewing portal.
“We believe a miniaturized GPS tracking device embedded inside a therapeutic shoe is the ideal solution for the millions afflicted with this terrible disease, and we are very pleased, after many years of R & D, to partner up with a company like Aetrex which has devoted 64 years to making foot health products,” states Patrick Bertagna Chairman and CEO of GTX Corp.
“Aetrex’s mission has always been to develop footwear and foot care products that combine unrivaled technology with innovative designs,” said Evan Schwartz, President of Aetrex Worldwide Inc. “This partnership is a terrific opportunity for Aetrex to use our expertise to extend the brand beyond the comfort category and help a segment of our population that is in need.”
Style and Safety Come Together with GPS Shoes For Alzheimer’s Care
Remember Spike Lee’s “It’s the Shoes” commercial featuring Michael Jordan? Those shoes were special because everyone wanted to Be Like Mike. Today, everyone wants to be safe, especially those caring for persons with Alzheimer’s disease. By embedding a part of a Personal Emergency Response Monitoring System (PERS) in a shoe (rather than a phone/device), the GPS Shoe responds to geo-fence perimeters established by caregivers and relays the location and alerts via Google maps to smart phones and computers. Currently scheduled for retail sale this summer, the Aetrex Ambulator® GPS Shoe will provide millions of caregivers the means to help easily find those afflicted with Alzheimer’s that wander and become lost. The GPS Shoe will be available through the Aetrex owned website www.gpsshoe.com website and a select group of assisted living facilities.GTX Corp (OTCBB: GTXO), a provide of customizable, embedded 2-way GPS Personal Location Services (PLS) solutions, is bringing personal GPS tracking solutions to the 5.3 million seniors afflicted with dementia by signing a four year, license agreement with Aetrex Worldwide, Inc. GTX Corp’s eight patents for the GPS Shoe cover a GPS transceiver module that is placed within the footwear and transmission of location coordinates to a central monitoring station which disseminates the location data through the use of proprietary software, cellular connectivity, the GTX Corp middleware platform and the secure viewing portal.
“We believe a miniaturized GPS tracking device embedded inside a therapeutic shoe is the ideal solution for the millions afflicted with this terrible disease, and we are very pleased, after many years of R & D, to partner up with a company like Aetrex which has devoted 64 years to making foot health products,” states Patrick Bertagna Chairman and CEO of GTX Corp.
“Aetrex’s mission has always been to develop footwear and foot care products that combine unrivaled technology with innovative designs,” said Evan Schwartz, President of Aetrex Worldwide Inc. “This partnership is a terrific opportunity for Aetrex to use our expertise to extend the brand beyond the comfort category and help a segment of our population that is in need.”

