Daily Stock List
Casablanca Mining Ltd. (CUAU)
OTC Markets Group and TradingAuthority Daily reported earlier on Casablanca Mining Ltd. (CUAU), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
Casablanca Mining Ltd. engages in the acquisition, exploration, development, and operation of precious metal properties in South America. The Company accomplishes this through their wholly owned subsidiary Santa Teresa Minerals, S.A. Their gold and copper mining operations are based near Santiago, Chile. Casablanca Mining’s shares trade on the OTCQX. The Company has their corporate headquarters in Santee, California.
The Company’s Santa Teresa Minerals currently has, directly and indirectly through various equity interests, mining rights in a number of different mining and mineral exploration properties. Santa Teresa Minerals has mining rights in exploration projects, “Free Gold”, the “Casuto Project,” consisting of Los Azules 1-3, Tauro 1-6, Los Chipi 1-16 and the “New Gold Project,” consisting of Los Pinos 1-30 and Teresita 1-20. These projects include 80 different mining and mineral exploration properties. These include gold, copper and copper sulfate.
Furthermore, Santa Teresa Minerals also owns an equity position of Bluestone S.A., a copper sulfate production project that owns the Anica Copper Mines. Santa Teresa Minerals also owns a 60 percent equity position in a company with the rights to an innovative mining technology that extracts gold, silver, and copper from raw mining materials using a proprietary and patented electrolysis method of electromining.
In June 2012, Casablanca Mining announced that they purchased and installed an alluvial wash plant at their Free Gold property in Quilpue, Chile. The GDS 308-E series from DETACH satisfies the various requirements of Casablanca’s Free Gold property by lowering initial investment cost, saving operational cost and reducing any additional cost in the future. The GDS series can precisely select gold and gold dust in a highest yield rate of 98 percent.
One advantage of the GDS series includes its high gold dust gathering capability by long-time and non-stop operation. Another advantage of the GDS series includes its premier production capability suitable for a huge-operation site. In addition, it makes it easy to collect gold dust from raw materials, and it is suitable for a small site or pilot production for site surveys.
Casablanca Mining Ltd. (CUAU), closed Tuesday’s trading at $0.12, down 7.76%, on 16,000 volume with 4 trades. The average volume for the last 60 days is 36,494. The 52-week low/high is $0.05/$8.85.
Pathfinder Cell Therapy, Inc. (PFND)
SmallCapVoice reported earlier on Pathfinder Cell Therapy, Inc. (PFND), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
Headquartered in Cambridge, Massachusetts, Pathfinder Cell Therapy, Inc. is a development stage regenerative medicine company. They are looking to develop novel cell-based therapies for the treatment of a wide spectrum of diseases and medical conditions characterized by organ-specific cell damage. The Company’s development activities pertaining to cell-based therapies have been limited to laboratory and preclinical testing. Pathfinder Cell Therapy lists on the OTCQB.
On September 2, 2011, the Company completed a reverse merger, business combination with Pathfinder, LLC in accordance with the terms of that certain Agreement and Plan of Merger, dated as of December 22, 2010, by and among SyntheMed, SYMD Acquisition Sub, Inc., a wholly-owned subsidiary of SyntheMed (Merger Sub), and Pathfinder, LLC. Merger Sub merged with and into Pathfinder, LLC, with Pathfinder, LLC continuing as the surviving corporation and a wholly-owned subsidiary of the Company.
The Company’s development plan calls for conducting additional preclinical safety and efficacy studies with respect to indentified and other potential indications. Their goal is to begin a Phase I clinical study for a lead indication during 2014.
Based on preclinical data obtained so far, Pathfinder Cell Therapy has identified diabetes, renal disease, myocardial infarction and peripheral vascular disease as potential indications for therapies based on their technology. Other potential indications could include kidney transplantation, chronic heart disease, stroke, osteoarthritis and liver disease.
Further to their cell therapy business, the Company also continues the "SyntheMed business." Through the SyntheMed business they have been selling REPEL-CV Bioresorbable Adhesion Barrier domestically since obtaining US Food and Drug Administration (FDA) clearance in March 2009 and internationally since obtaining CE Mark approval in August 2006. In the U.S. and some foreign countries, REPEL-CV's marketing approval is limited to the pediatric market. The CE Mark approval, which covers the European Union (EU) and other countries, and other foreign approvals subsequently obtained, apply broadly to the adult and pediatric market segments. The Company’s cell therapy business represents their principal operations.
For the legacy SyntheMed business, the Company’s strategy includes continuing to seek a sale, licensing transaction or other strategic transaction for the assets of the business and maintaining the business on a limited basis without significant development or investment pending any such transaction.
Pathfinder Cell Therapy, Inc. (PFND), closed Tuesday’s trading session at $0.02, even with yesterday’s close. The average volume for the last 60 days is 22,315. The 52-week low/high is $0.01/$0.08.
Advanced Explorations, Inc. (AXI.V)
BabyBulls and AllPennyStocks reported earlier on Advanced Explorations, Inc. (AXI.V), and today we choose to highlight the Company, here at the QualityStocks Daily Newsletter.
Advanced Explorations, Inc. is a resource development company that lists on the TSX Venture Exchange. The Company is focusing on developing their Roche Bay and Tuktu Iron Ore Projects in one of the world’s largest developing iron ore districts, the Melville Peninsula in Nunavut. The Company’s management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula. Advanced Explorations has their corporate headquarters in Toronto, Ontario.
The Ocean-based Roche Bay Project has an NI 43-101 compliant resource estimate of more than 500 million tonnes. This is outlined within a small portion of the potential 140 km of banded iron formation. Advanced Explorations recently announced a positive outcome of the feasibility study for the project's C-Zone. So far, the Company has delineated more than 1 billion tonnes of iron under NI 43-101 among their Roche Bay and Tuktu deposits. Advanced Exploration continues to explore other targeted deposits in areas to the north, south and west of Roche Bay.
The Roche Bay Iron Project is on the east coast of the Melville Peninsula, approximately 60km southwest of the community of Hall Beach, and approximately 240 km west of Iqaluit, Nunavut. The C Zone ore body is approximately 6 km from tidewater where the project has a natural deep water harbor capable of accepting large Cape-size vessels. The objectives of the current Feasibility Study for the Roche Bay C Zone project include the definition of an initial start-up operation consisting of a 5.5 million tonne Fe concentrate production facility producing a high quality, globally marketable concentrate, ideally suited for pellet plants and other customer markets.
The current mineral resource for the Roche Bay Iron Project’s C Zone includes 501 million tonnes in the Indicated category averaging 26.35 percent total iron at a 20 percent iron cut-off grade. A further 66 million tonnes averaging 26.37 percent total iron at a 20 percent iron cut-off remains in the Inferred category.
Last week, Advanced Explorations announced positive results of their Feasibility Study (FS) conducted on the C Zone of the Company’s Roche Bay Iron Project. The FS was completed by TetraTech Wardrop; it confirms that the project has a Net Present Value (NPV) of US $642 million (pre-tax).
Advanced Explorations, Inc. (AXI.V), closed Tuesday’s session at $0.23, up 12.20%, on 106,000 volume. The 52-week low/high is $0.18/$0.48.
HPC POS System, Corp. (HPCS)
HPC POS System, Corp. is a global manufacturer and distributor of high quality incense and oils. Doing business as House of Mohan, the Company distributes incense in the United States. The Company was founded in 1995. HPC POS System Corp.’s shares trade on the OTC Bulletin Board. The Company has their headquarters in Wilmington, Delaware. In addition, they have their international warehouse/offices in Woodside, New York.
House of Mohan distributes 70 flavors, designer scents, zodiac signs scents, and a line of charcoal and natural herb incense. Founded in 1995, House of Mohan is the leading manufacturer of pure charcoal incense hand rolled in premium herbs, spices, oil, honey, and sandalwood powder. House of Mohan promotes the use of safe ingredients in the manufacturing of incense.
Mohan’s signature fragrance, Khush, is the leading seller in the U.S for the past ten years. House of Mohan has more than 20 million incense sticks sold per month, concentrated in the top ten states. Moreover, their commitment is to delivering innovative turnkey solutions to their distributors to help increase efficiency, productivity and profitability.
Yesterday, HPC POS System announced that Mr. Fred Schiemann, CPA, has been appointed to the Board of Directors and will lead the Company as their new President. Mr. Schiemann will oversee all financial management, business development, corporate and investor relations of HPC POS System. Mr. Schiemann graduated with a Bachelors of Science degree from the University of Illinois in 1973 with honors and distinction in accounting. He obtained a Masters in Taxation degree from Golden Gate University in 1982. He has many years of experience as a corporate executive and Certified Public Accountant working with many public companies.
Mr. Schiemann stated, "I am looking forward to the corporate management and development of HPC. My 30 plus years' experience in managing public companies, mergers and acquisitions and financing of companies will be utilized in my new position.”
HPC POS System, Corp. (HPCS), closed Tuesday’s trading session at $0.003, up 22.22%, on 5,662,311 volume with 54 trades. The average volume for the last 60 days is 3,716,849. The 52-week low/high is $0.001/$0.14.
Nautilus Minerals, Inc. (NUSMF)
We are highlighting Nautilus Minerals, Inc. (NUSMF) today, here at the QualityStocks Daily Newsletter.
Nautilus Minerals, Inc. is an exploration stage company whose shares trade on the OTCQX International. The Company engages in the exploration and development of the ocean floor for copper, gold, silver, and zinc Seafloor Massive Sulphide (SMS) deposits in Australasia. Nautilus is the first company to explore the ocean floor for polymetallic Seafloor Massive Sulphide deposits. The Company has their corporate office in Brisbane, Australia.
Nautilus Minerals’ major shareholders include Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 21 percent holding, global mining group Anglo American, which holds an 11 percent interest and MB Holdings, an Oman based group with interests in mining, oil and gas, which holds a 9.98 percent interest.
Nautilus Minerals is developing their first project at Solwara 1, in the territorial waters of Papua New Guinea (PNG). At Solwara, the Company’s objective is to produce copper, gold and silver. Nautilus has been granted all necessary environmental and mining permits.
In addition, the Company holds approximately 600,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.
The Solwara 1 Project is located at 1600 meters water depth in the Bismarck Sea, PNG. In 2007, the exploration team drilled a 43-101 resource on the Solwara 1 Project using newly developed ROV drills. The resulting high grade copper-gold resource was the world's first Seafloor Massive Sulphide (SMS) resource statement. In 2010/11 further drilling took place at Solwara 1. This resulted in an increase in the resource base. Results of the updated resource were (November 25, 2011): Indicated Mineral Resource: 1,030kt @ 7.2 percent Cu, 5.0 g/t Au, 23 g/t Ag, 0.4 percent Zn; Inferred Mineral Resource: 1,540kt @ 8.1 percent Cu, 6.4 g/t Au, 34 g/t Ag, 0.9 percent Zn.
Last week, Nautilus Minerals announced that they received a further C$0.5 million in gross proceeds from the issue of the first tranche of shares forming part of the non-brokered private placement announced recently. The 555,556 shares issued completes the first tranche of a C$34 million capital raise involving the issue of approximately 37.7 million shares at a share price of C$0.90. The remaining shares (approximately 20.6 million) are to be issued following receipt of final regulatory approval.
Nautilus Minerals, Inc. (NUSMF), closed Tuesday’s session at $1.17, up 13.59%, on 78,727 volume with 91 trades. The average volume for the last 60 days is 88,072. The 52-week low/high is $0.88/$3.25.
Applied Energetics, Inc. (AERG)
Stock Analyzer, StreetInsider, Mega Stock Picks, Stock Stars, OTCPicks, WiseAlerts, PennyTrader Publisher, and Buzz Stocks reported previously on Applied Energetics, Inc. (AERG), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
Applied Energetics, Inc. designs, develops and manufactures solid state Ultra Short Pulse (USP) lasers for commercial applications and applied energy systems for military applications. In addition, the Company develops and manufactures high-voltage systems for government and commercial customers for a collection of applications. Established in 2002, Applied Energetics has their headquarters in Tucson, Arizona. The Company lists on the OTCQB.
Applied Energetics creates a broad spectrum of innovative solutions and custom-built deliverables across a wide variety of applications, from global chemical conglomerates to every branch of the U.S. Military. The Company’s core capabilities include the aforementioned custom-built Ultra Short Pulse Laser systems that are capable of high average power and high peak power, increased throughput, improved productivity, and reduced total cost. Applied Energetics uses Ultra Short Pulse lasers to form the plasma channels in the atmosphere which enable Laser Guided Energy (LGE).
The Company’s core capabilities also include solid state high voltage and charged particle acceleration systems, which have excellent fault tolerance under an array of conditions, uniquely variable pulse generation capability, and are of a very small size. The Company’s capabilities also include requirements definition – they have a dedicated test facility with lasers, high voltage power supplies, instrumentation and data collection. They also have capabilities in modeling and simulation, rapid prototyping, field testing and support, system development (lasers and high voltage supplies), as well as system implementation.
Applied Energetics Applications Center is a state-of-the-art facility containing an extremely flexible Ultra Short Pulse Laser (USPL) and an 800kV Electron Beam Accelerator System based on the Company’s Nested High Voltage Generator (NHVG) technology. This dedicated facility allows customers to view Applied Energetics’ products in operation and verify the process on their own materials.
The Electron Beam Accelerator powered by NHVG Technology is an extremely compact and inexpensive accelerator. It can be used for in-line processing as a complete solution. The Electron Beam Applications Center System includes the accelerator, electron beam scanner, and material-handling equipment to provide a complete industrial system.
The NHVG e-beam can be applied to plastic cross-linking, curing of composites and adhesives, sterilization of disposable medical supplies, food and drink packaging, treating air and water-borne pollution, X-Ray inspection of cargo, vehicles, material integrity and quality control inspection, electron beam research, and ion accelerator implantation for semiconductors.
Applied Energetics, Inc. (AERG), closed Tuesday’s trading session at $0.04, down 18.37%, on 156,513 volume with 13 trades. The average volume for the last 60 days is 35,874. The 52-week low/high is $0.03/$0.12.
Pele Mountain Resources, Inc. (GEM.V)
Infostock, Bull Ventures, Stockhouse, Vantage Wire, and Monster Stox reported previously on Pele Mountain Resources, Inc. (GEM.V), and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Pele Mountain Resources, Inc. is a leader in Canadian rare earth development. The Company is focusing on the sustainable development of their 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. In addition, Pele Mountain Resources has entered into an agreement to purchase the Simon Rare Earth Claims in Mountain Pass, California. The Company’s shares trade on the TSX Venture Exchange and on the OTCQX International under the symbol "GOLDF". Pele Mountain Resources has their corporate headquarters in Toronto, Ontario, and an office in Elliot Lake, Ontario.
The Eco Ridge Mine Rare Earths and Uranium Project is located in Elliot Lake. This is the only Canadian mining camp to have ever achieved commercial rare earth oxides (REO) production. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is a premier location for a safe, secure, and reliable long-term supply of REO and uranium oxide (U3O8).
Recently, the Company announced results of an updated NI 43-101 Preliminary Economic Assessment (PEA) of Eco Ridge. Roscoe Postle Associates (RPA) prepared the PEA. The PEA demonstrates that Eco Ridge has the potential to become a profitable producer of REO and U3O8.
Since publication of the Company’s prior PEA in July of 2011, Pele Mountain Resources has pursued opportunities for processing circuit improvements at Eco Ridge. The updated PEA demonstrates that the projected financial benefits from sharply higher rare earth recoveries, due to conventional milling rather than leaching, far outweigh associated capital and operating cost increases and more conservative forecast pricing for REO and U3O8.
In March 2012, Pele Mountain Resources announced that they entered into a binding Purchase and Sale Agreement to purchase 11 contiguous mining claims surrounded by Molycorp's Mountain Pass rare earth property in southeastern California. The seller of the Simon Rare Earth Claims is a company owned by the family of Peter Simon II, the son of the prospector who originally staked much of the Mountain Pass area over 60 years ago.
Upon closing this transaction, Pele Mountain Resources will be strategically positioned in the only two North American mining camps to ever achieve significant commercial rare earth production: Mountain Pass, California and Elliot Lake, Ontario. Both locations have extensive existing regional infrastructure and favorable mineralogy. These are bastnasite at Mountain Pass and monazite at Elliot Lake.
Pele Mountain Resources, Inc. (GEM.V), closed Tuesday’s trading session at $0.05, down 9.09%, on 1,088,900 volume. The 52-week low/high is $0.06/$0.27.
BOLDFACE Group, Inc. (BLBK)
Penny Stock Circle, The Stock Scout, 1-2-3 Stock Alerts, Penny Stock Pros, StockMarketQuote.us, and PennyStockClub reported today on BOLDFACE Group, Inc. (BLBK). SmallCap Fortunes, ShazamStocks, SmallCap Network, CrushTheStreet.com reported yesterday, and today we are highlighting the Company as well, here at the QualityStocks Daily Newsletter.
BOLDFACE Group, Inc. is in the business of licensing, by way of their operating subsidiary, BOLDFACE Licensing + Branding, top tier entertainment, celebrity and designer brands for opportunities in the beauty market. A Nevada corporation, BOLDFACE Group formerly went by the name Boldface Licensing + Branding. The Company changed their name in May of this year. BOLDFACE Group has their headquarters in Santa Monica, California.
The Company provides licensing services for entertainment and celebrity and designer brands for the beauty market, including color cosmetics, hair preparations, fragrances, home fragrances, skin care, beauty tools, and other beauty products. BOLDFACE Licensing + Branding is a celebrity beauty license holding company founded by Nicole Ostoya and Robin Coe-Hutshing, beauty industry veterans.
In July, BOLDFACE Group announced that the Company’s operating subsidiary, BOLDFACE Licensing + Branding, signed Mario Lopez in the category of fragrance. The license includes scented ancillary products. This includes deodorant, aftershave, shave cream, bath gel, body wash, body sprays, body lotions and body creams. An initial launch of Eau de Toilette Spray is planned. Follow up will be in Shave Cream, After Shave Splash, and other ancillary products. Gift sets containing these items for Holiday season are planned.
Earlier this month, BOLDFACE Group Chief Executive Officer, Ms. Nicole Ostoya, appeared on Good Morning! Arizona, KTVK-TV, on Saturday, August 4, 2012, and on NBC affiliate KCRA-TV, Sacramento, California on Monday, August 6, 2012. Ms. Ostoya discussed the Company's history, their business of celebrity licensing for the beauty market, and their current projects, including one with Kourtney, Kim and Khloé Kardashian and the aforementioned one with Mario Lopez.
The Fall of 2012 marks the launch of the Company’s initial license - Khroma Beauty by Kourtney, Kim and Khloé Kardashian. The brand covers all color cosmetics.
Additional licenses under the BOLDFACE banner are under discussion. The expectation is that they will follow on a selective basis as opportunities are assessed. The Company’s intention is to expand their licensing to represent a series of relevant celebrities and designers in the categories of beauty, fragrance, cosmetics and home fragrance in multiple channels of distribution. BOLDFACE's goal is to keep their licensee’s names in boldface print.
BOLDFACE Group, Inc. (BLBK), closed Tuesday’s trading at $0.59, up 18.00%, on 404,295 volume with 171 trades. The average volume for the last 60 days is 8,621. The 52-week low/high is $0.40/$0.63.
Duma Energy Corp. (DUMA)
The QualityStocks Daily Newsletter would like to spotlight Duma Energy Corp. (DUMA). Today, Duma Energy Corp. closed trading at $1.50, up 2.04%, on 6,200 volume with 4 trades. The stock’s average daily volume over the past 60 days is 7,629, and its 52-week low/high is $1.50/$4.00.
Duma Energy Corp. (DUMA) is an aggressive growth company actively producing oil and gas in the domestic United States, both on and offshore. Leveraging its technical expertise, promising portfolio, and strong financial condition, the company plans to utilize domestic revenues and cash flow to fund its rapid growth through acquisition, while participating in transformational projects with the potential of providing exponential returns for shareholders.
The company's primary goal for fiscal year 2012 and beyond is to drive earnings growth. The company also aims to pursue listing on major exchange(s) to provide better visibility and liquidity to shareholders and financial partners. Already producing and generating revenue from oil and gas in Texas, Illinois, and Louisiana, Duma projects domestic production to exceed 1,000 barrels of oil equivalent per day (boepd) by the end of 2012; with 2,500 boepd projected by the end of 2013.
Duma was founded in 2005 and began trading on the OTCBB in 2009 via registration. In 2006, the company began producing from its first properties in Texas and soon after added production in Louisiana. In 2009, its new CEO Jeremy G. Driver came on board. Within one year, Mr. Driver had identified and negotiated an acquisition that would fundamentally reshape the company. This acquisition was made possible by the large direct cash investment by Mr. Driver and his family, as well as other investors.
The company uses only industry standard and time-tested technologies, and avoids unproven "resource plays" and other opportunities that are heavily dependent upon high commodity prices. Not bound by any geographical location or operational strategy, Duma's management team is focused on developing its existing portfolio while pursuing additional opportunities that provide rapid growth, leveraging growing revenue, cash flow, and reserves to accelerate its growth strategy. Disclaimer
Duma Energy Corp. Company Blog
Duma Energy Corp. News:
Duma Energy Acquires Interest in 5.3 Million-Acre African Concession
Duma Energy Enters Final Stage of Negotiations for African Concession
Duma Energy Provides Third Quarter Results and Demonstrates Positive Earnings
USA Recycling Industries, Inc. (USRI)
The QualityStocks Daily Newsletter would like to spotlight USA Recycling Industries, Inc. (USRI). Today, USA Recycling Industries, Inc. closed trading at $0.08, even with yesterday's close. The stock’s average daily volume over the past 60 days is 14,850, and its 52-week low/high is $0.03/$0.14.
USA Recycling Industries, Inc. (USRI) is a mid-market recyclable waste collection & disposal service, providing specialty recycling programs to commercial & industrial customers throughout North America. Operating through multiple company-owned & partnership recycling centers, the company primarily targets growth opportunities in the $75 billion global scrap metals market.
USA Recycling has operated since its inception in 2000, and its largest operating subsidiary, Scrap USA, since 2007 has been focused on and successful in servicing the automotive service center industry. It currently provides specialty recycling programs to more than 5,000 automotive service center locations operated by some of the most recognizable names in that retail category.
With a well-established national footprint, the company is now integrating other ancillary services such as the collection & disposal of other recyclable waste streams. USA Recycling has also opened the door to franchising opportunities and recently signed a proprietary revenue sharing agreement with Recycling Franchisors, Inc. Other initiatives to drive growth and boost prominence include the launch of a new website and relocation of executive offices.
USA Recycling has successfully contracted automotive waste-generators for collection & disposal services, selling the processed recyclable materials to end-user-consumers through the company's trading operations with offices in North America, India, and the United Arab Emirates. The company's primary aim is to maximize shareholder value while providing the highest level of quality waste collection & disposal services to its customers, ensuring its collected debris remain free of any U.S. landfills. Disclaimer
USA Recycling Industries, Inc. Company Blog
USA Recycling Industries, Inc. News:
USA Recycling Industries to Provide Scrap Metal Collection Services to ThyssenKrupp Elevator Americas
USA Recycling Industries Enters Oil Filter Collection and Disposal Services Agreement With Redwood Recycling
USA Recycling Industries Signs Letter of Intent to Expand Used Oil Filter Recycling Operations
Consorteum Holdings, Inc. (CSRH)
The QualityStocks Daily Newsletter would like to spotlight Consorteum Holdings, Inc. (CSRH). Today, Consorteum Holdings, Inc. closed trading at $0.09, even with yesterday's close. The stock’s average daily volume over the past 60 days is 52,047, and its 52-week low/high is $0.001/$0.018.
Consorteum Holdings, Inc. (CSRH) utilizes the most technically advanced global solutions available today. By working with a multitude of global technologies, Consorteum is able to create customized programs for maximum results. This approach enables unparalleled flexibility when sourcing solutions, resulting in smarter, faster deployment of technologies, competitive pricing, and potential for new streams of revenue.
Through its exclusive software license with Tarsin Inc., the company leverages a team of software developers that understands the complexities of delivering digital media content across mobile handsets. Tarsin is capable of providing clients with integration and support for over 700 mobile carriers globally on a seamless and secure platform to take advantage of the increasing demand for rich mobile content.
Consorteum's flagship CAPSA technology platform brings a universal solution to the problems of wagering and betting on mobile devices. Multiple different operating systems, user interfaces, and form factors have created enormous barriers to launching commercial initiatives. But with CAPSA, gaming operators can now cost-effectively monetize innovative mobile wagering products and services quickly and robustly.
In addition to its mobile initiatives, Consorteum is also actively engaged in the financial industry, providing MasterCard solutions as well as loyalty and reward programs. The company has strategically designed its business initiatives to create repetitive transactions on an ongoing basis. Consorteum's goal is to have their customers think of them more as partners, rather than just technology providers, for longer-lasting, more profitable relationships. Disclaimer
Consorteum Holdings, Inc. Company Blog
Consorteum Holdings, Inc. News:
CORRECTION -- Tarsin, a Leader in Secure Mobile Platform Technology, Forges New Frontiers in Mobile Gaming
Tarsin, a Leader in Secure Mobile Platform Technology, Forges New Frontiers in Mobile Gaming
Consorteum Completes Acquisition of Tarsin Inc.
GlobalWise Investments, Inc. (GWIV)
The QualityStocks Daily Newsletter would like to spotlight GlobalWise Investments, Inc. (GWIV). Today, GlobalWise Investments, Inc. closed trading at $1.73, off by 1.70%, on 5,800 volume with 9 trades. The stock’s average daily volume over the past 60 days is 2,997, and its 52-week low/high is $1.02/$1.87.
GlobalWise Investments, Inc. (GWIV), via wholly-owned subsidiary Intellinetics, Inc., is a leading-edge technology company focused on Enterprise Content Management (ECM) solutions for the digital age. The ECM industry continues to grow rapidly as a result of unrestricted proliferation of digital content within today's business environment. Leveraging its proprietary cloud-based computing software, GlobalWise is poised to capture a significant market share of this burgeoning industry.
GlobalWise's ECM service is delivered to customers via five unique delivery models which cover the spectrum of business needs: Cloud/Saas (Software as a Service), Hardware Vendor Integrated Service, Software Vendor Integrated Service, Premise (Client-Server), Hybrid (Premise & Cloud/Saas).This diversity gives advanced security & privacy features with an on-demand structure needed for large Tier 3 and Tier 4 businesses that are currently underserved by the market.
The Intellinetics platform defines a new industry benchmark and game-changing approach by combining advanced virtualization & automated content management with an open and service-oriented architecture using web services. The company provides strategies, tactics, and technologies used to manage paper and digital assets from capture to long-term archive, without the need for manual processes conducted by a full time employee.
GlobalWise's management boasts a combined total of over 60 years in ECM leadership and industry experience. The ECM industry is expected to exceed $5.1 billion by 2013 with Gartner predicting a compound annual growth rate of 9.5%. IBM Market Insights predicts adoption of cloud computing to grow by 26% CAGR between 2010 through 2013. Leveraging management and key department heads, Intellinetics has a strong foundation from which to capture significant market share within the lucrative $149 billion Business Software & Services industry. Disclaimer
GlobalWise Investments Company Blog
GlobalWise Investments News:
GlobalWise Announces New Channel Sales Partnership With RJ Young
GlobalWise Accepted as Member of Prestigious Organization Technology United
GlobalWise CEO to Be Featured Speaker at World Expo 2012 Conference
GlobalWise Investments and its wholly owned subsidiary Intellinetics, Inc., an enterprise content management (“ECM”) software development, sales, and marketing company serving both public and private sector clients, just reported financial results for the second quarter ended June 30, 2012. Notably, total revenues were 146% greater than the previous quarter; they were up 52% compared to the same period in 2011. Even more impressive, gross profit improved to $597,123, a 959% increase over the first quarter of $56,381, and a 64% increase compared to $364,661 in the year-ago second quarter.
Other highlights include: (1) Gross profit margin increased to 67% compared to 16% in the first quarter and 63% in the year-ago second quarter; (2) Total operating expenses decreased by 69% to $680,062 compared to $1,148,905 in the first quarter, up from $421,636 in the year-ago second quarter; (3) Loss from operations decreased by 1,217% to ($82,939) compared to ($1,092,524) in the first quarter, up from ($56,975) in the year-ago second quarter; and (4) Net loss decreased by 639% to ($155,250) compared to ($1,147,873) in the first quarter; up from ($93,039) in the year-ago second quarter.
GlobalWise’s operating expenses in the second quarter include additional costs associated with being a public company and strategic investments in human talent, technology, and process assets that are expected to help establish a strong platform for profitable geometric growth. Combined, these investments drive cost and cycle time out of the marketing, sales, and order fulfillment processes. Management is positioning the company to better harvest demand from captive markets with little additional operating cost and expects expenses to remain relatively stable at current levels as revenue continues to increase.
“GlobalWise’s dynamic approach to the ECM software market is taking hold in 2012,” commented William J. “BJ” Santiago, CEO of GlobalWise. “Two important changes have occurred in the past 18 months that are becoming the catalysts for our extraordinary growth. First, the advancement of our ECM software to a cloud-delivery model reduces our cost of service delivery and time to installation. Second, moving from a domestic direct-sales model to an international Channel Partner strategy has dramatically increased our ability to sell our software to a greater number of clients in a lower-cost manner. Our second-quarter revenue growth of 146% vs. the prior quarter and 52% growth year-over-year is a direct, tangible result of these developments. Simply put, we’re now selling more software faster and have reduced our average sales cycle from a historic 18 – 24 months to 3 – 6 months.”
Since the beginning of this year, the company has signed eight new Channel Partners with several potential new partners pending. In 2011, 14 new Channel Partners were signed. The increase in sales capacity is driving significant and consistent revenue growth, and the trend is expected to continue throughout 2012 and beyond.
Based upon its current sales funnel and recent Channel Partner activity, GlobalWise currently expects to surpass $3.3 million in annual revenue this year vs. $1.7 million for the year prior. Management anticipates exiting 2012 at an annualized revenue run rate for 2013 in excess of $5.0 million, as existing Channel Partners increase their sales and marketing efforts and new Channel Partners are added. GlobalWise expects to be increasingly well positioned for growth and profitability in future periods as projected revenues increase, operating expenses continue to decline as a percentage of revenue, and the cost of continuing as a public company normalizes.
“Our sales funnel is growing steadily with qualified clients through our Channel Partner eco-system,” added Mr. Santiago. “The Channel Partners need a cloud-based ECM solution to complement their product strategy and increase the number of value added services provided to clients. We strategically choose partners who sell enterprise software, consulting services or office equipment focused around document management. We can quickly train them on our template based ECM software and/or how to integrate the software into their existing business application software or hardware products. This new sales strategy allows us to focus on what we do best – software engineering, support and cloud services delivery – and allows our partners to do what they do best – demand generation for industry leading business software solutions.”
For more information, visit www.GlobalWiseInvestments.com
InSite Vision, a company advancing ophthalmologic products to address unmet eye care needs, today announced that Merck & Co. Inc., via subsidiary Inspire Pharmaceuticals Inc., has agreed to amend the payment terms of the companies’ AzaSite® 1% license agreement, payable on a quarterly basis.
Per the agreement, Merck will pay InSite the higher of the pro-rata annual minimum royalty or the earned royalty for 2012 and 2013; the minimum royalties due to InSite for 2012 total $12 million. Minimum royalties for 2013 are $19 million, or $4.75 million per quarter.
Merck also will pay InSite a catch-up payment of about $7.2 million for the difference between the earned royalty already paid for the fourth quarter of 2011 and the first and second quarters of 2012, and the pro-rata annual minimum royalties for those quarters. InSite expects to receive minimum royalties of $4.25 million for the fourth quarter of 2012.
InSite said it will use the royalty payments received in August to pay all current and deferred interest on its AzaSite secured notes and to make a principal payment on the notes of about $4.9 million.
“We applaud Merck’s willingness to amend our license agreement, and we thank them for their ongoing commitment to the commercial success of AzaSite in North America,” Timothy Ruane, InSite’s CEO stated in the press release. “With this quarterly restructuring of the minimum royalty obligation, InSite Vision will be able to meet its quarterly obligations to its Note Holders through Q3 2013, and thus continue to collaborate with Merck in their ongoing efforts to bring AzaSite to the patients who seek relief from bacterial conjunctivitis.”
In 2007, InSite entered into an agreement with Inspire Pharmaceuticals (which was acquired by Merck in May 2011) to commercialize AzaSite in North America. Per that agreement, InSite is eligible to receive payments of 25 percent on net sales, as well as minimum royalty payments that increase yearly through 2013.
For more information visit www.insitevision.com
Glowpoint, a prominent supplier of cloud managed video services worldwide, announced that it has reached an agreement regarding the acquisition of Affinity VideoNet, a leading global provider of public videoconferencing rooms and managed videoconferencing services to professional service organizations.
Affinity’s professional services customers will be able to access a vast array of amenities using Glowpoint’s OpenVideo® cloud platform. Furthermore, the Glowpoint executive team will be bolstered with the addition of President and CEO of Affinity VideoNet, Peter Holst, as Senior Vice President of Business Development. Holt will be the point man for integration efforts, and responsible for delivering the expanded services of the OpenVideo® platform to the existing Affinity customer base and the smooth distribution of managed services within the combined business operation.
Glowpoint entered into a definitive purchase agreement to acquire Affinity for a combination of cash, stock, and seller’s note. The purchase price is composed of $7.75 million cash to be paid at closing; a $2.75 million, two-year seller’s note; and the issuance of 2,650,000 shares of common stock, representing slightly less than ten percent of Glowpoint’s diluted shares outstanding. The transaction is scheduled to close in the current quarter subject to completion of the definitive term loan and revolver loan documents, which will fund the cash portion of the acquisition and provide additional working capital.
“We are very excited to bring the Affinity VideoNet team and clients into the Glowpoint family,” stated Joe Laezza, president and CEO of Glowpoint. “Through this acquisition, our combined customer base will have access to a broader suite of cloud services delivered from the OpenVideo® cloud, and broader offering of managed services delivered with the highest quality experience and support for our customers.”
Affinity’s high definition videoconferencing suites and bridging and conferencing services meet customer needs by delivering a “just like being there” experience. With an excellent client service team, Affinity gives customers the assurance that each and every meeting will be managed at an exceptionally high level, at or above customer expectations. Affinity provides a virtual meeting experience for those with mobility in mind, as well as access to high definition videoconferencing suites – all designed to make meetings productive, simple, and effortless.
“The Glowpoint business model and service platform is a perfect fit for enhancing Affinity’s existing business. As we fully integrate Affinity into Glowpoint’s OpenVideo® service platform, we expect the strong synergies of this deal to provide considerable benefits to our value ,” said Tolga Sakman, Glowpoint’s acting CFO and SVP of Corporate Development.”
“Affinity and Glowpoint share common cultures of dedication to our customers and employees. The combined strength of our leadership team will drive the ability to serve and grow our global customers who are clear in their desire to engage large scale, value-adding service partners capable of aggregating multiple services to multiple locations and regions. We are very excited to be entering this phase of our company’s evolution with the Glowpoint team,” said Pete Holst, president and CEO of Affinity.
As previously announced, Glowpoint will report second quarter results on August 14 and will host a conference call at 4:30PM EDT that day to discuss Q2 operating results and the agreement to acquire Affinity.
For further information, please visit www.glowpoint.com andwww.affinityvideo.net
InfoSonics, the San Diego headquartered parent for a network of subsidiaries organized around the design, manufacturing, and commercial sale of the company’s verykool® brand wireless handsets and related products/solutions to global end markets (primarily Latin America, Europe, Africa, and also Asian markets at this time), reported Q1 FY12 financials today, marking yet another quarter of profitability for the company, driven by a fourth consecutive quarter of record sales dominated by the verykool® brand business segment.
Q1 FY12 (ended March 31):
• Net Sales up 30% from the same quarter in the prior year to $12.4M
• Gross Profit up a whopping 178% to $2.3M
• Operating Expenses up 16% to $2.1M, 11% of which is attributable to increased ancillary expense associated with increased sales volume
• R&D expenses up 40% (expanded development/design capacity for more models to better address demand)
• Net Income of $105k ($0.01/share) compared to a net loss of $894k (loss of $0.06/share) in Q1 FY11
• Zero outstanding debt
It seems the array of beautiful designs achieved in the verykool® brand have really started to hit a sweet spot in the end markets (currently some 20 countries total), as consumers flock to the mobile handsets, with Latin America and the Caribbean being salient foci. High value in the product, elegant, feature-rich design, and the kind of market presence that can only come from such a diverse, experienced multi-national company, has resulted in a powerful product mix that makes the in-house R&D efforts by IFON appear masterfully executed.
President and CEO of IFON, Joseph Ram, beamed to shareholders over the success of the verykool® brand and reassured investors that the company was investing heavily in R&D in order to maintain the rapidly accruing traction established with consumers in major target markets for the brand. Ram underscored the tripling of sales of the brand in Q1 this year and emphasized that within that metric sales in Latin American had doubled. Ram also indicated that the company had seen significant incremental growth of private label OEM sales throughput in the Asian, African, and European markets.
Ram noted that the growth of the verykool® brand had offset the declining low-margin distribution business nicely, resulting in a superior product mix, with the brand shouldering more of the performance load after only a minority showing in Q1 FY11. Yes, the brand certainly has grown by leaps and bounds since 2011 and gross profit margin in Q1 this year reflects that perfectly, more than doubling from the prior year to 18.3% (up 10.3%).
Ram also delineated several other positive economic health factors from the company’s Q1 bottom line, like the sequential quarterly increase in the amount of cash on hand (up 23%), and sequential drop in the number of days outstanding on receivables (down 15%); solid indicators that personnel and infrastructural investments are also paying off with better overall product throughput. The company had $15.3M in cash (including restricted/cash equiv.) and $18.9M for net working capital at the close of Q1 FY12, really solid footing for IFON as the handset game heats up and the company starts to hit a product consumption stride. Latin America looks to be really growth-friendly for the portfolio and management will be eager to update markets on progress as the year advances.
For more information on InfoSonics Corp., or to get a closer look at the verykool® brand, please visit: www.InfoSonics.com and www.verykool.net
Today's Top 3
The QualityStocks Public Company Sponsor News