OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, April 6th
OTCPicks Publisher Newsletter
OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, April 6th VIPR, EVDR, CXTO, CGFIA, XPRT, TADF Our Stocks to Watch today include Our Stocks to Watch today include VIPR Industries Inc. (OTC: VIPR), Evader Inc. (OTC: EVDR), Green Equity Holdings Inc. (OTC: CXTO), Colorado Goldfields Inc. (OTC: CGFIA), LECG Corp.
(Nasdaq: XPRT) and Tactical Air Defense Services Inc. (OTCQB: TADF). Visit http://otcpicknews.com/emailmarketer/link.phpM940&N78&L1&F=T to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.VIPR INDUSTRIES INCORPORATED (OTC: VIPR) “Up 100.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N78&L7&F=T VIPR Industries, Inc. offers construction and mining services. It owns and operates gold and uranium mines in Tanzania and Democratic Republic of the Congo. The company, formerly known as Synergy Media, Inc. is headquartered in Toronto, Canada.VIPR News:March 31 – VIPR Industries Signs Exploration Contract to Commence Drilling Program on Its Msangachuki-Londoni Gold Tenements VIPR Industries Inc. (OTC: VIPR) (“VIPR“) announces it has signed a contract and formally engaged JICL Consulting of Tanzania to undertake a diamond core drilling programme on its Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania.After gathering quotes from various mining contractors, VIPR made the decision to once again engage JICL to execute a Diamond Core drilling program which is as a result of JICL`s expertise and familiarity of VIPR`s Singida property. The drilling programme is slated to begin within the next 45 days, but could take as long as 60 to 90 days to commence. The long delay`s stem from the expected delivery of a new drill rig JICL has purchased from Europe that is presently in transport, and obligations JICL has to other clients prior to commencing the drilling program on VIPR`s Singida property. The newly purchased rig owned by JICL will also allow for some reduced costs to VIPR on this programme and any subsequent exploration programmes.The drilling program was as a result of its most recently completed MMI reconnaissance exploration programme and prior programmes performed on its Twenty Gold Concessions, all conducted by JICL on its Msangachuki-Londoni, Singida Gold prospect property. JICL concluded a need for taking additional samples at deeper levels, which can only be obtained by a RAB/DD/RC drilling programme.The JICL drilling program will encompass holes taken to depths of 120 metres with a minimum of 50 samples to be taken. Once completed, the samples are then to be shipped to SGS Laboratories in Tanzania for analysis.JC Barbeck of VIPR commented, “VIPR is pleased to be undertaking the next phase of exploration on our Singida-Londoni prospect property as per JICL`s recommendations and guidance. Although there are no assurances, we hope the results will exhibit the same positive attributes as previous exploration programmes performed by JICL.”EVADER INCORPORATED (OTC: EVDR) “Up 71.01% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N78&L17&F=T Through its subsidiary Avtar Singh Construction Company (ASCC), Evader, Inc. is one of India`s largest builders.EVDR News:April 5 – Avtar Singh Construction Company $30-Million Bid: Bihar Irrigation Project Evader, Inc. (OTC: EVDR) (www.evadercorp.com) subsidiary Avtar Singh Construction Company (ASCC), one of India`s largest builders, has submitted a tender for an irrigation project in the state of Bihar estimated to be worth $30 million.This is one of the most prestigious projects for Bihar Irrigation Corporation`s irrigation department. It comprises building a dam, head works, a main irrigation canal and a complete network of distributary channels with field channels.The present water shortage to the 32,680 hectares of agricultural land affecting residents of Bihar will be resolved by the completion of this project. Irrigation engineering projects provide the only means of irrigation in several tracts of land (including the bulk of chronically drought-affected areas), and the labour-intensive work provides extensive opportunities for rural employment.”We are proud to continue our relationship with Bihar Irrigation Corporation,” says Evader CEO S. Avtar Singh Walia. “Managing the construction of this important project for the benefit of the people of Bihar would bring a great honour to ASCC and greatly increase our competitiveness in India`s construction market.”Evader will update its followers and shareholders on new developments shortly.GREEN EQUITY HOLDINGS INCORPORATED (OTC: CXTO) “Up 12.50% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N78&L96&F=T Green Equity Holdings, Inc. does not have significant operations. It intends to discover, invest, and acquire development stage businesses with novel solutions, clean technologies, and eco-friendly products that serve the alternative energy sector. Previously, the company engaged in the development and sale of 220 MHz digital wireless data communications technologies and related services. It was formerly known as CX2 Technology, Inc. and changed its name to Green Equity Holdings, Inc. in August 2010.
Green Equity Holdings, Inc. was incorporated in 2002 and is based in Deerfield Beach, Florida.CXTO News:April 5 – Green Equity Holdings, Inc. Signs Letter of Intent to Acquire Oil and Gas PropertyGreen Equity Holdings, Inc. (OTC: CXTO) announced that it has signed a Letter of Intent (LOI) with a Houston-based private company to acquire a 250-acre oil and gas property located in Nueces County, Texas.The property contains one producing well and proved undeveloped locations, which the Company anticipates to drill and complete in the next 60 days.
Under the terms of the LOI, Green Equity Holdings will acquire the property for a price of $2,000,000, paid for in cash, promissory notes and/or Green Equity Holdings` stock.”Our LOI is aligned with our new strategy to focus on opportunities within the oil and gas industry,” said Raymond Dias, president of Green Equity Holdings, Inc. “We plan to acquire natural resource properties that contain already producing wells or those that can be brought into production in the near-term. We believe the timing is right to acquire oil and gas wells at a discount to the market, and then turn them into productive, cash-generating assets for the benefit of our shareholders.”The purchase and sales agreement is expected to be signed by April 29, 2011, and is subject to the approval of the companies` Board of Directors..COLORADO GOLDFIELDS INCORPORATED (OTCBB: CGFIA) “Up 42.86% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N78&L57&F=T Colorado Goldfields Inc. is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months. CGFIA News:April 6 – Colorado Goldfields Inc. Pre-Pays Financial Obligation Totals $416,892; Moves Closer to Permit for Pride of the West Mill Colorado Goldfields Inc. (OTC: CGFIA) announces pre-payment, bringing the total financial warranty funded by the Company to $416,892, pursuant to the joint stipulation with the Division of Reclamation, Mining and Safety (“DRMS“). This pre-payment reflects the confidence of the Company`s investors in the Pride of the West Mill project.The financial warranty is in effect a surety bond that serves to guarantee the ultimate reclamation of the site. The joint stipulation between the Company and the State of Colorado DRMS calls for four payments, the first of four installments of approximately $50,000 was funded by the Company on March 9, 2011; the second was paid on an accelerated basis, 10 days early..
The last two installments are due in May and June 2011 respectively.
Colorado Goldfields will have posted a total financial warranty of $515,130 as of June, 2011. The Company has successfully identified the funding source for the required payments, which will place the Company in full compliance with the financial warranty requirements of the DRMS.”It is gratifying to see the Company move much closer to permitting The Pride of the West Mill,” stated C. Stephen Guyer, CFO for Colorado Goldfields.LECG CORPORATION (NASDAQ: XPRT) “Up 30.65% in morning trading” Detailed Quote: www.otcpicks.com/quotes/XPRT.php LECG is a global litigation; economics; consulting and business advisory; and governance, assurance, and tax expert services firm with approximately 1100 employees in offices around the world. We provide independent expert testimony, original authoritative studies, strategic financial advisory services, and innovative business consulting solutions to Fortune Global 500 corporations, middle market firms, AmLaw 100 law firms, and government agencies worldwide. LECG`s highly credentialed experts and professional staff conduct economic and financial analyses and perform independent verification to provide objective opinions and advice that inform legislative, judicial, regulatory, and business decision makers. LECG experts are renowned academics, former senior government officials, experienced industry leaders, and seasoned consultants. Attest services are provided through LECG Partners, LLP, pursuant to an alternative practice structure. LECG is not a licensed CPA firm. XPRT News:April 5 – LECG Announces Change in Management LECG Corporation (Nasdaq: XPRT) announced the resignation of Steve M.
Samek and Christopher S. Gaffney as board members, Mr. Samek`s resignation as chief executive officer and president, and Warren D. Barratt`s resignation as executive vice president and chief financial officer.Simultaneously, the firm announced the appointment of Bruce E. Rogoff as the new chief executive officer and president and the sole director of the board. Mr. Rogoff is the President of The Staten Group, Inc., a national restructuring firm.TACTICAL AIR DEFENSE SERVICES INCORPORATED (OTCBB: TADF) “Up 69.23% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N78&L11&F=T Tac-Air is a privately-held Aerospace/Defense Services contractor founded by a group of former Navy, Marine, and Air Force Weapon`s School Instructors, which has won and successfully executed multiple Aerospace/Defense contracts by divisions of the U.S. Department of Defense.
TADF News:April 5 – Tactical Air Defense Services Receives $1 Million Financing Commitment Tactical Air Defense Services, Inc. (OTCQB: TADF), an Aerospace/Defense Services contractor that offers tactical aviation services, aerial refueling, aircraft maintenance, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has executed a binding letter of intent (the “LOI”) with Cornucopia, Ltd. in connection with a $1,000,000 equity financing.Pursuant to the LOI, Tactical Air Defense Services, Inc. (“TADF“) shall receive an initial tranche of $400,000, and up to an additional $600,000 of additional financing when requested by TADF and subject to further and final lender approval. TADF intends to use the first tranche of $400,000 as a deposit for a certain military fighter aircraft that it intends to lease, as well as for other general business purposes. TADF believes, but cannot guarantee, that said aircraft shall be operating in support of a tactical aviation contract within 60 days of execution of the lease, and shall generate revenues of between $2 million to $3 million per year. Cornucopia, Ltd. is a merchant banking firm domiciled in the Turks and Caicos Islands, BVI, specializing in the financing of micro-cap growth companies. Cornucopia, Ltd. was not a shareholder of TADF prior to this financing transaction. Alexis C. Korybut, Chief Executive Officer of TADF, stated, “We are very pleased to have closed this $1 million financing commitment with Cornucopia, Ltd. We believe this financing will enable TADF to move forward with its business strategy, but also because it provides a strong vote of confidence in the future of TADF from a very prestigious funding source. We look forward to working closely with Cornucopia, Ltd., and believe that their experience, their contacts, and their ability to further fund TADF, will make them a very valuable funding partner.”OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it..DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. 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