OTCPicks Publisher Newsletter
ORS).Visit http://otcpicknews.com/emailmarketer/link.phpM940&N57&L1&F=T to register for our Stocks to Watch Newsletter and Email Stock Watch Alerts.CHINA AMERICA HOLDINGS INCORPORATED (OTCBB: CAAH) “Up 122.50% on Thursday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L75&F=T China America Holdings, Inc. is a holding company which owns a 56% stake in Shanghai Aohong Chemical Co., Ltd. based in Shanghai, China. Shanghai Aohong Chemical Co., Ltd. is a distributor of assorted liquid coolants which are utilized in a variety of applications, primarily as refrigerants in air conditioning systems for automobiles, residential and commercial air conditioning systems, and a manufacturer of steel non-refillable cylinders.
CAAH News:August 16 – China America Holdings Reports Financial Results for the First Six Months of 2011 Ended June 30, 2011China America Holdings, Inc. (OTCBB: CAAH), a holding company operating in China through its wholly owned subsidiary, Ziyang Ceramic Co., Ltd., announced today its financial results for the second quarter and first six months of its fiscal year which ends on December 31, 2011.- Revenue Reaches $9.9 million in 2nd Quarter of 2011, Up 16.6% from the $8.5 Million Recorded in the Three Month Period Ended June 30, 2010- Operating Income Climbs to $2.9 Million, Up 7.0% from the $2.7 Million Recorded in the Three Month Period Ended June 30, 2010- Net Income for the First Six Months of 2011 Reaches $4.0 Million, Up 15.0% from Net Income of $3.5 Million for the Six Month Period Ended June 30, 2010Financial HighlightsFor the second quarter of 2011 total revenues reached $9.9 million, up 16.6% from the $8.5 million recorded in the second quarter of 2010. For the first six months of 2011, we recorded revenues of $17.3 million, up 22.0% from the $14.2 million recorded for the first six months of 2010.
Sequentially, our revenue increased by 31.8% compared to our first quarter ended March 31, 2011 where revenue was $7.5 million. Gross profit reached $3.5 million in the second quarter of 2011 with operating income of $2.9 million compared to gross profit of $3.1 million with operating income of $2.7 million recorded in the same period in 2010. We recorded net income of $2.3 million for the second quarter of 2011 compared to net income of $2.1 million for the same period in 2010. This resulted in EPS of $0.01 per diluted and basic share for both periods. Net income for the first nine months of 2011 was $4.0 million compared to net income of $3.5 million for the same period in 2010.The improvement in overall financial results in the second quarter of 2011 was largely driven by increased sales of higher priced polycrystalline porcelain tile product series that was recently launched in the fourth quarter of 2010, partially offset by decreased sales of older and less expensive tile products. Sales from the new polycrystalline product series continued to experience increased sales volume and now represent approximately 46.2% of total revenue recorded in the second quarter of 2011, up sequentially from 25.4% of total revenue represented in the first quarter of 2011. On average, the polycrystalline porcelain tiles are sold at a premium of approximately 48% compared to our patterned polished porcelain tiles. Our gross profit margin was 35.3% in the second quarter of 2011 versus 36.7% in the comparable quarter in 2010. The 1.4% decline in gross profit margin is mainly attributable to increases in wages and higher fuel costs.Balance SheetAt June 30, 2011, cash was $6.4 million, up 31.0% from the $4.9 million in cash at December 31, 2010. At June 30, 2011 total shareholder equity increased to $14.6 million, up 9.6% compared to shareholder equity of $13..3 million at December 31, 2010.Commenting on the second quarter, Mr. Lingbo Chi, CEO of China America Holdings, stated, “We are pleased with our results for the second quarter..
We are also pleased to see strong demand for our higher-end polycrystalline product line. We are currently in the testing phase for a new product launch of an interior wall product line. We anticipate sales of this new product line to commence late in the third quarter of 2011 which will enable us to expand sales to a completely new product category. We believe our new products and extensive distribution network have us positioned on a strong growth track for the second half of this year and beyond and look forward to improved performance in our top and bottom line for the foreseeable future.”ORGANA GARDENS INTERNATIONAL (OTCBB: OGNG) “Up 225.58% on Thursday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L9&F=T Organa Gardens International Inc. has a vertical hydroponics farming system built to make the most efficient use of light, energy, water, land, temperature and production cycle while growing the highest quality and healthiest plants in an optimum, consistent environment unaffected by weather. The Organa Garden Systems (OGS) provide a means for food production and consumption change to global environmental and ecological sustainability through vertical hydroponics rotary farming.OGNG News:September 13 – Organa Gardens and IGT Introduce DURASPEED, a Special Marine Powder CoatingOrgana Gardens International Inc. (OTCBB: OGNG) reports that its powder coating and equipment division, Integrated Green Technologies LLC (IGT) has successfully completed field trials for its newly developed “DURASPEED” powder coating for boat propellers, drives (IPS),shafts, bow thrusters, trim tabs and keel coolers. The trials were conducted under the control of the Volvo Penta (Inboard performance system) warrantee facility in Fort Myers, Florida. The coating was applied using the patented IGT #100-B electrostatic thermal spray powder gun system, which allows for the powder coating of parts without the need for a bake oven.IGT`s proprietary foul release coating contains no environmentally harmful components and is designed to hinder the growth of marine life on the surface of the parts while at the same time, due to the extremely smooth surface of the coating, allow for minimum resistance between the part surface and the water. This feature, in test data running in parallel with other smooth coatings, has proven to equal or exceed all others both in RPM increase and fuel efficiency. Further inspection of the coating in comparison to others, revealed that all coatings except for DURASPEED coating required underwater cleaning within 6 weeks of operation. The minimum expected service life is several years based on a successful four year test conducted previously. What is considered efficient foul release coatings typically measure their useful life in months on the various parts of a boat. Until now, in the case of the Volvo IPS drive system, there has been no coating available that provides the features of DURASPEED.Joe Moretti, CEO of IGT states, “We are most excited introducing DURASPEED to our line of marine products. Moreover, the marine industry will welcome the product as it will solve many long and short term issues. All marine experts should and will be introduced to DURASPEED. I believe this product will have a profound impact on the marine industry as we know it.”IGT is an industrial tools, machinery & equipment manufacturer and a provider of consumable supplies & materials. IGT is also a distributor of heavy-duty blasting equipment and “green” environmentally safe mobile powder coating systems featuring the patent pending Triplex Electrostatic/
Electrostatic Thermal Spray/ Non-Electrostatic Thermal Spray and Powder Coating Spray and Conversion Device. CONVENIENCE TV INCORPORATED (OTCBB: CRPZ) “Up 92.31% on Thursday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L16&F=T Convenience TV is focused on the Convenience Store Industry and provides their clients with an “in-location” TV network. The Network is designed to deliver both entertaining content and targeted advertising on a demographic basis to each retail location. In addition, the Network delivers promotional advertising tied to products within the retail location. The programming can be up-dated quickly and is tailored to meet the specific clients` need for increased sales, customer enjoyment and brand reinforcement.CRPZ News:September 15 – Convenience TV Announces New Board Member and Chief Operating OfficerConvenience TV Inc. (OTCBB: CRPZ) announces the appointment of Mr. Shane Arsens to the Board of Directors. In addition, Mr. Arsens has accepted the position of Chief Operating Officer to handle the company`s phased expansion plans for the Los Angeles, San Francisco and Seattle markets.”Mr. Arsens was instrumental in enlisting the early client base for our TV network,” said company President Norman Knowles, “and will be a great addition to Convenience TV`s rollout strategy, thanks to his extensive background and connections in the retail industry.”Having spent over 30 years in the Hospitality Industry, as an owner-operator of two major hotels and three popular restaurants, Mr.
Arsens recognized the importance of advertising. His research of the Digital Signage Industry led him to co-found Global Fusion Media in 2006, where he helped develop their C-Store Network, later acquired by Convenience TV Inc., in various high volume convenience stores within the United States.More recently, he has added his expertise to GLOBAL BLUENERGY INC., a “Waste to Energy” method of sustainable energy using the ABA process. The ABA process is an innovative green technology designed to help fill the need for a safe form of energy production, while recycling large volumes of waste material.EMERGING MEDIA HOLDINGS INCORPORATED (OTCBB: EMDHD) “Up 68.32% on Thursday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L37&F=T Emerging Media Holdings Inc., through its subsidiaries, engages in radio and television broadcasting in the Republic of Moldova. The company produces and broadcasts television programs and news reports primarily for the Moldovan viewing audience. It operates its own television channel TV7 that broadcasts various programs. Emerging Media Holdings Inc. produces and broadcasts in-house production programs comprising news, and various analytical programs and weather forecasts in Russian and Romanian languages. It also has contracts with the Russian television companies, NTV and NTV World, to broadcast NTV programs. In addition, the company offers programs produced by the TNT channel. Further, it involves in the construction of roads and highways, as well as surface and underground railway construction, other special construction projects, relocation services, and merchandise transportation activities in Romania. The company was founded in 1998 and is based in Oviedo, Florida. EMDHD News:September 26 – bNET Communications, Inc. enters into LOI with Emerging Media HoldingsOnline Media Company Expands into TV Production and Broadcasting OperationsbNet Communications, Inc. (OTCBB: EMDHB) announces that it has entered into a letter of intent with Emerging Media Holdings, Inc. (“EMH”) to sell all of its digital media library, GoMO News, Ltd., and certain other intellectual property in exchange for a controlling interest in EMH .In connection with the proposed transaction, EMH will also appoint a current member of bNet’s board of directors to EMH’s board of directors. The proposed transaction will be subject to a definitive agreement and will be submitted with the required regulatory authorities and be subject to shareholder approvals.EMH will continue to operate its TV production and broadcasting operations in the Republic of Moldova, which is located between Romania and Ukraine in Eastern Europe. EMH’s primary TV production and broadcasting operations are the television station TV7, and the rebroadcast of TNT Bravo and the Disney channel.bNet provides professional video and media over IP-based networks for emerging technology companies and has compiled a vast digital library of information from various business sectors. Over the last ten years, bNET has amassed a library of more than 25,000 interviews and 5,000 hours of live conference coverage.CONCIERGE TECHNOLOGIES INCORPORATED (OTCBB: CNCG) “Up 33.33% on Thursday”Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L38&F=T Concierge Technologies, Inc. is a publicly traded Nevada corporation utilizing the resources of its wholly owned subsidiary, Planet Halo, to pursue opportunities in the wireless marketplace. Concierge is embarking on an aggressive campaign to design, construct, and market services across wide area networks utilizing MESH technology. Through partnering, acquisitions and marketing agreements Concierge will promote the Planet Halo brand. CNCG News:October 20 – Concierge Technologies Revenues Top $900,000 for 3rd Eye Cam SubsidiaryConcierge Technologies, Inc. (OTCQB: CNCG) reported gross revenues of $945,741 for its fiscal year ended June 30, 2011 due primarily to the increased sales revenues of 3rd Eye Cam, its San Francisco-based majority owned subsidiary. Concierge entered the business of importing and distributing high definition video recording devices during October 2010 through an equity arrangement with several key individuals supplying industry expertise and an offshore manufacturer providing high quality product. The featured product, a dual view HD video recorder that also captures audio inside the vehicle and tracks the vehicle`s movements via an integrated GPS module, has been widely accepted by the taxi and limo industry. The 3rd Eye Cam product has proven to be an invaluable tool in the apprehension of robbery suspects, collision evidence, driver accountability and reduction of insurance claim losses.David Neibert, C.E.O. of Concierge, commented that, “We have made great progress towards bringing Concierge shareholders a profitable business, and the staff at 3rd Eye Cam has worked hard to establish us as a leader in mobile incident reporting. Our fiscal year-ending June 30, 2011 resulted in not only a tremendous increase in revenues over prior years, but also some unusual charges which helped to negate profitability. Such charges included a calculation of the beneficial conversion feature of a debenture from 2010, the one-time cost of issuing shares of our Wireless Village subsidiary and an adjustment to the accrued interest on notes due to related parties which, in the aggregate, amounted to over $236,000 of our posted net loss. In the absence of these sorts of unusual events, and expected continued growth in revenues, we are optimistic that Concierge is on the right path to profitability in the current fiscal year.”ORSUS XELENT TECHNOLGIES INCORPORATED (AMEX: ORS) “Up 54.10% on Thursday” Detailed Quote:
We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N57&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N57&L=8&F=T. Disclosure: OTCPicks has not been compensated by any of the companies covered in this release.