OTCPicks.com Daily Market Movers Digest Midday Report for August 6th CYPW, MBIR,
Mr Roger K. Olsson | 07.08.2007 10:03 | Analysis | Other Press | London | World
Tuesday, August 07, 2007
Aug. 7, 2007 (M2 Communications Ltd. delivered by Newstex) --
Our Stocks to Watch today include Cyclone Power Technologies (OTC: CYPW), MobiClear Inc. (OTCBB: MBIR), Pearl Asian Mining (OTC: PAIM), Utilicraft Areospace Industries (OTCBB: UITA), Commerce Planet Inc. (OTCBB: CPNE)
CYCLONE POWER TECHNOLOGIES (OTC: CYPW)
Detailed Quote: http://www.otcpicks.com/quotes/CYPW.php
Company Profile: http://www.otcpicks.com/profiles/cypw/index.php
Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Green Revolution Engine(tm), an environmentally-friendly and highly-efficient external combustion, heat-regenerative engine. Developed Cyclone's President and CEO, Harry Schoell, the Green Revolution Engine(tm) regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. It is capable of running on any liquid or gaseous fuel, including ethanol and propane, and is lubricated with de-ionized water instead of motor oil. By eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, Cyclone's Green Revolution Engine(tm) is expected to cost less to manufacture, operate and maintain; however, it is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand alone generators, to cars, trucks, buses, RV's, boats and ships, as well as earth moving equipment and locomotives.
CYPW News:
August 2 - Cyclone Power Technologies' CEO Harry Schoell to Present Clean and Green Engine at Wealth Expo
Cyclone Power Technologies Inc. (OTC:CYPW) announced today that Harry Schoell, its CEO and inventor of the Cyclone Green Revolution Engine(tm), will present its ground-breaking clean and green engine technology at the Wealth Expo Investment Conference at the Jacob Javits Convention Center in New York on October 20, 2007.
Mr. Schoell will join numerous prestigious speakers at this engagement including Newt Gingrich, former Speaker of the U.S. House of Representatives, and Charles V. Payne, Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc.
'I'm excited about the opportunity to explain the important environmental advantages and vast commercial applications of our technology to such a large audience of sophisticated investors,' said Mr. Schoell, who will be guest speaking and also participating in round-table discussions.
The Wealth Expo has been bringing private investors, analysts, brokers and institutional investors face-to-face with emerging public companies for the last 12 years.
MOBICLEAR INC (OTCBB: MBIR) 'Up 22.64% in morning trading'
Detailed Quote: http://www.otcpicks.com/quotes/MBIR.php
MobiClear (OTCBB: MBIR) specializes in electronic Personal Identification Verification (PIV) solutions in connection with credit/debit card transactions. MobiClear's multi-gateway solution (U.S. patent pending) offers proactive security in all forms of electronic business environments including Internet shopping, business-to-business procurement transactions and retail shopping with credit/debit cards.
MBIR News:
August 6 - MobiClear Announces Collaboration with Bastion Payment Systems
MobiClear, Inc. (OTCBB: MBIR - Deutsche Borse: B3CA) and Bastion Payment Systems Corporation have entered into a partnership agreement to market and launch MobiClear's exciting line of security products in the Philippines and Asia, paying particular attention to the e-commerce sector.
Bastion and MobiClear have begun introducing the solutions to many of the market-leading financial institutions in the Philippines and other Asian countries. The banks have expressed great interest in the product's ease of implementation, cost effectiveness, and ability to be brought to market in a timely fashion.
MobiClear and Bastion Payment Systems both agree this partnership is a great step toward increasing the confidence of Asia-based clients engaging in online e-commerce transactions.
Commenting on the alliance, Bastion Payment Systems CEO Wilfred Tan said, 'We are happy to be working with MobiClear in launching an innovative, unique and secure identification system for online banking and e-commerce transactions. The market is poised for the additional powerful transaction security measure that MobiClear has developed. Further, we feel MobiClear's product offering will nicely complement Bastion's existing and future fraud management products and initiatives.'
Anders Ericsson, CEO of MobiClear, noted, 'It is such a great opportunity to be working with an established and highly reputable company like Bastion. We believe their network of banking relationships in the Philippines and Asia, as well as a successful portfolio of payment systems projects, provides MobiClear with an ideal platform for launching our products in that region.'
PEARL ASIAN MINING (OTC: PAIM) 'Up 20% in morning trading'
Detailed Quote: http://www.otcpicks.com/quotes/SLON.php
Pearl Asian Mining Industries Inc. (Pearl Asian) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
PAIM News:
August 3 - 98% Of the Outstanding Shares Have Been Submitted for the 95% Mandatory Buy Back; the Remaining 5% Remains Freely Tradeable without Restrictions Pearl Asian Mining Announces
Pearl Asian Mining Industries, Inc., with stock symbols: U.S.A. (OTC: PAIM) (OTC: PAIMP); Germany (GER: R1Z) and (FWB: R1Z), announces that 98% of the outstanding shares subject to the 95% Mandatory Buy Back have been submitted to the Transfer Agent, AGN Associates & Stock Transfer Services, LLC. The remaining 5% remains freely tradeable post buy back without any restrictions.
DTCC's temporary 'chill' placed upon Pearl Asian Mining Industries (PAIM: Cusip #704755107 9) on deposits and withdrawal will remain until 100% of the outstanding shares are received by the Transfer Agent. Shareholders, brokers, and banks who are holding the remaining 2% MUST SUBMIT the certificates to the Transfer Agent by Monday, August 6, 2007. These shares will be cancelled by the end of that day. We are urging the cooperation and diligence of these shareholders, brokers, banks to expediently submit the actual certificates to the Transfer Agent so that the temporary 'chill' can be lifted by DTCC immediately thereafter.
'On behalf of Pearl Asian Mining, I appreciate all the efforts and cooperation of DTCC and its participating banks and brokers, our transfer agent, as well as our precious shareholders for bearing with our company's reorganizations and transition,' stated CEO Jason Piamonte.
Moreover, Pearl Asian has mobilized two separate gold teams to fast track the re-opening and full operations of the Gango Gold Rush Gold Project and the XYZ Gold Project as well as the Binasan Gold Project.
The Masbate Gold Team had started assessing the development of the access roads towards the XYZ Mine site, the rehabilitation of the existing gold tunnels, and the designing of the many building infrastructures in one area of the 8,000 hectares (app. 16.6 Acres) XYZ Gold Mine Sites. Pearl Asian Mining will be developing a unique Eco-Tourism Village Resort on an 8-acre site of the XYZ. 'This Eco-Tourism village within the XYZ Mine Site will allow American nature-lovers in particular to experience a real paradise and to experience the life within the gold mine site,' exclaimed Ariel Caleon, VP & OIC of the Masbate Gold Team.
UTILICRAFT AREOSPACE INDUSTRIES (OTCBB: UITA) 'Up 11.74% in morning trading'
Detailed Quote: http://www.otcpicks.com/quotes/UITA.php
Utilicraft Aerospace Industries, Inc. was formed to implement a system solution to the current problem of declining capacity in the short haul (or feeder) route segments of the air cargo and overnight express companies.
UITA News:
August 6 - Mid America Aero Signs Purchase Agreement for 10 Utilicraft FF-1080-200 Aircraft
Utilicraft Aerospace Industries, Inc. (OTCBB:UITA). Today, a $115,000,000 Aircraft Purchase Agreement for 10 (ten) FF-1080-200 aircraft, including a training and support package, was executed by officials of Utilicraft Aerospace Industries, Inc., and Mid America Aero, LLC.
The decision to go forward on the order has been part of a Mid America Aero program to purchase FF-1080 aircraft that began earlier this year with two Letters of Intent to eventually acquire 35 (thirty-five) aircraft (see press releases dated January 10, 2007 and August 2, 2007).
Randy Moseley, VP Chief Financial Officer for Utilicraft Aerospace stated, 'The definitive Agreement that was executed today for ten FF-1080-200 Aircraft, calls for a series of progress payments by Mid America Aero to begin upon 'First Flight' of the FF-1080 prototype aircraft, with subsequent progress payments to follow based upon the completion of production milestones that are called out in the Agreement'.
In addition to this order, Mid America Aero, LLC, also retains a Letter of Intent in-place with Utilicraft for 10 (ten) of the larger FF-1080-300ER aircraft, with an option for an additional 15 (fifteen) -300ER aircraft.
David Bridges, President of Mid America Aero stated, 'We were very excited earlier this year when we signed the Letter of Intent with Utilicraft Aerospace Industries to purchase ten of the FF-1080-300ER aircraft and option fifteen, and today we are equally excited about reaching an agreement to purchase ten of the FF-1080-200 series aircraft. The purchase of $115 Million worth of FF-1080-200 aircraft is a significant and exciting event for us. The -200 series freight feeder, which is designed to transport 8 LD3 shipping containers carrying 16,000 lbs. of freight up to 500 miles, will help fill a significant void in the demand for freight transfer within our region. We feel the potential of the FF-1080-200's use at a future freight hub at Mid America Airport in Mascoutah, Illinois, is significant.'
COMMERCE PLANET INC (OTCBB: CPNE) 'Up 9.76% in morning trading'
Detailed Quote: http://www.otcpicks.com/quotes/CPNE.php
Commerce Planet, Inc. is an internet-based media company that offers online media products, lead generation services and direct marketing tools to its client partners. Commerce Planet offers an internet turnkey media solution through its network of wholly owned subsidiaries, which includes Consumer Loyalty Group, LLC, Legacy Media, LLC, OS Imaging, LLC and Interaccurate, LLC. In combination these services are designed to address the needs of client partners, including membership loyalty programs, direct response consumer marketing, affiliate list management, email deployment, live chat software-based services, direct phone sales and customer service, and printing services. To find out more about Commerce Planet (OTCBB:CPNE), visit our website at http://www.commerceplanet.com/.
CPNE News:
August 6th - Commerce Planet Reports Preliminary Revenue & Operating Income for the 2nd Quarter of 2007
Commerce Planet, Inc. (OTCBB:CPNE) today reported preliminary revenues and operating income for the second quarter of 2007, posting the sixth consecutive quarter of profitability. Revenue for the quarter ending June 30, 2007 is expected to be in the range of $10,500,000 to $11,000,000, an increase of 48% to 55% from revenue of $7,086,818 for the same period in 2006. Year-to-date revenue is expected to be in the range of $23,750,000 to $24,250,000, an increase of 116% to 120% from revenue of $11,019,161 for the same period in 2006.
Operating income for the quarter ending June 30, 2007 is expected to be in the range of $1,900,000 to $2,100,000, compared to $2,475,588 for the same period in 2006, reflecting additional costs incurred as a result of poor quality sign-ups during the first quarter of the year. Year-to-date operating income is expected to be in the range of $6,000,000 to $6,200,000, an increase of 100% to 105% from operating income of $3,010,175 for the same period in 2006. The Company's complete financial results can be viewed in its Form 10-QSB filing for the quarter ended June 30, 2007.
'We are pleased with our preliminary results for the second quarter, which reflect the success of our initiatives to increase the quality of our sign-ups and position the Company to become a leading online media company,' said Michael Hill, Chief Executive Officer of Commerce Planet. 'During the second quarter of 2007, we reduced our advertising spend to focus our marketing investment in areas that provided higher quality sign-ups. This strategy was to offset the increase in poor quality sign-ups we, and the industry overall, was experiencing in the first quarter of the year. While membership revenues were sequentially lower during the second quarter as a result of our lower advertising spend, we did generate significant income and will have more than doubled our revenue and nearly tripled our income for same period, last year. Additionally, we believe we have re-established a better quality revenue stream and thus positioned ourselves for more sustainable long-term growth.' Mr. Hill continued, 'As a consequence of the lower-quality sign-ups in the first quarter of the year, we did experience a higher than normal return rate and chargeback rate during the second quarter which negatively impacted costs. Despite the higher return rate, gross revenues are still expected to have increased 48% to 55% in the second quarter year-over-year. It is also important to note that on a six-month basis, both net profit and EBIDTA margins are expected to improve, thus validating the strength of our business model. In addition, our financial position remains strong with a debt-free balance sheet.' President Charlie Gugliuzza added, 'During the quarter we strategically refocused the Company on lead generation and data acquisition by launching new web properties, expanding our Costa Rican call center and augmenting our customer tools with White Email Deployment Network. Also, subsequent to the end of the quarter, we expanded our marketing efforts in video ad serving and lead generation through the launch of MyFlick.com. These initiatives will further strengthen our competitive advantage as we continue to transform Commerce Planet into a leading online media company. Furthermore, we have taken action to help qualify the customer leads at the point of acquisition by implementing a series of customer verification tools.' ABOUT OTCPICKS.COM OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our web site or in our daily Newsletter or Market Mover's Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
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