OTCPicks.com Stocks to Watch for Wednesday, May 25th
OTCPicks Publisher Newsletter
OTCPicks.com Stocks to Watch for Wednesday, May 25th LYJN, BNPD, EFTI, STHG, YIPI, ORS Our Stocks to Watch today include Lyric Jeans Inc. (OTC: LYJN), Texas Oil and Minerals Inc. (OTC: BNPD), EarthFirst Technologies Inc. (OTC: EFTI), Stratton Holdings Inc. (OTC: STHG), Yippy Inc. (OTC: YIPI) and Orsus Xelent Technologies Inc. (AMEX: ORS). LYRIC JEANS INCORPORATED (OTC: LYJN) “Up 320.27% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N46&L58&F=T Lyric Jeans Incorportaed is the parent company of Lyric Culture, a music-driven apparel company involving lyrical content on jeans, denim wear and accessories. Each item reflects the song through its design. As the innovator and manufacturer of groundbreaking fashion, Lyric Culture employs a cutting-edge design strategy which allows the wearer to express themselves through the words of their favorite song — a modern twist to wearing your heart on your sleeve (and pant leg). Lyric Culture has deals in place with the largest music publishing companies in the world including Warner Chappell, EMI, Universal, Sony/ATV and BMG to name a few and has secured the rights to utilize lyrics made famous by The Beatles, Janis Joplin, David Bowie, Marvin Gaye, The Bee Gees, Rod Stewart, Steppenwolf and many more. The company currently produces Lyric Culture, a premium rock n` roll apparel and accessories line available at over three hundred specialty boutiques nationwide. LYJN News:May 24 – Lyric Nation Jewelry Collection Debuts at Walmart Lyric Jeans, Inc. (OTC: LYJN) announced that Lyric Culture is launching a jewelry collection under its Lyric Nation brand name. The collection, exclusive to Walmart, hits nearly 1500 stores in July 2011.The line includes over 40 different styles in the assortment of necklaces, bracelets and key rings featuring inspirational and country music song lyrics such as “Jesus Take the Wheel/Carrie Underwood,” “The Dance/Garth Brooks,” “God of Wonders/Chris Tomlin,” “My Wish/Rascal Flatts,” “Heart of Worship/Matt Redman,” “Live Like You Were Dying/Tim McGraw,” “Mammas Don`t Let Your Babies Grow Up To Be Cowboys/Willie Nelson,” “Mighty to Save/Hillsongs,” “American Honey” made famous by Lady Antebellum and many more. The retail price for the products ranges from to $4-7 USD.”We are continuing to expand the range of music that drives the creative direction of our brands,” said Hanna Rochelle, President of Lyric Culture..
“Walmart is the ideal retailer to distribute the Lyric Nation line with inspirational and country music at its core,” she continued.TEXAS OIL AND MINERALS INCORPORATED (OTC: BNPD) “Up 119.00% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N46&L92&F=T Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $5,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration. BNPD News:May 24 – Texas Oil and Minerals, Inc. Obtains `Limited Information Status` on OTC Markets Exchange Texas Oil and Minerals, Inc. (OTC: BNPD) said it now has “Limited Information Status” on OTC Markets. Texas Oil and Minerals, Inc. has updated all financials and also posted a legal opinion to further explain the financials. “This is improving shareholder transparency. The upward status improvement with OTC Markets is part of an overall strategy to improve and boost Texas Oil and Mineral`s stock liquidity. The Limited Information Status upgrade adds a buying security level, as well as confidence, for investors buying shares in BNPD or any company, for that matter,” said Tom Gouger, CEO.Limited Information Status is reserved for companies disclosing adequate, mainly financial, company information publicly that increases transparency, so investors can make informed decisions. According to Pink OTC Markets, in 2009, the average dollar volume per security, with Limited Information Status, averaged $81,259,055. This compares to a $745,812 average amount per security with “No Information”, as the posted information, which is a very substantial difference.Pink OTC Markets Inc. is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter (OTC) securities market. The OTCQX and Pink Sheets marketplaces that they operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Pink Sheets technology platform provides a comprehensive suite of information products and trading services for OTC market participants.EARTHFIRST TECHNOLOGIES INCORPORATED (OTC: EFTI) “Up 212.50% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N46&L92&F=T EarthFirst Technologies, Incorporated, through its subsidiaries, engages in the development and commercialization of technologies for the production of alternative fuel sources; and the destruction and/or remediation of liquid and solid waste, as well as in the supply of electrical contracting services in the United States and internationally. The company, through World Environmental Solutions Company, Inc., focuses on the commercialization of its ‘Solid Waste Remediation Plant’ in Mobile, Alabama. This plant processes rubber tires, extracting carbon, and other raw materials for resale and allows raw materials from those waste products to be recycled and reused. EarthFirst Technologies, through Electric Machinery Enterprises, Inc., provides electrical contracting and subcontracting services in the construction of commercial, residential, and municipal projects primarily located in Florida and the Caribbean. The company, through SolarDiesel Corporation, engages in the development, marketing, and distribution of biofuels produced from palm oil, soy, and rapeseed in the United States, Latin America, the Caribbean, and Europe.
EarthFirst Technologies also provides technologies for the treatment of liquid waste products that involves the use of high temperature plasma, through which the liquid waste products are passed. The company was founded in 1997 and is headquartered in Tampa, Florida. On June 13, 2008, EarthFirst Technologies Incorporated, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S.
Bankruptcy Court for the Middle District of Florida, Tampa. EFTI News:May 20 – Report on EarthFirst Technologies, Inc. ReleasedA Reuters Investment Profile has been released on EarthFirst Technologies, Inc. (OTC: EFTI). According to Reuters, “This report is essential reading for any serious investor, providing comprehensive financial information on a company`s performance, position and cash flows over the past 3 years, including interim data.” To view the report, visit http://otcpicknews.com/emailmarketer/link.phpM940&N46&L93&F=T.STEADFAST HOLDINGS GROUP (OTC: STHG) “Up 34.21% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N46&L9&F=T Steadfast Holdings Group distributes a variety of products to the automotive aftermarket. The core business is its spray on truck bed protection product which offers specially formulated polymers that permanently bond to the truck`s bed. The Company`s spray-on Polyurea is a remarkable technology with a range of uses limited only by your imagination. They are also utilized in commercial, industrial, agricultural, military and custom applications when this tough coating is used to protect everything from metals to concrete against chemicals, solvents, fuel, etc. The Company is a licensed dealer for the following aftermarket products: A.R.E. Truck Caps and Lids, Tool Boxes, Nerf Bars, Tube Steps, Running Boards, Rack Systems, Rail Caps, Tonneau Covers, Fender Flares, Grilles, Visors, Bug Shields, Roll-Up Covers, Side Rails, Mud Guards, Floor Mats, Lights, Trailer Hitches, Stainless Steel Accessories and Lift Kits. Steadfast also has distribution agreements with the several companies that manufacture light truck aftermarket products. STHG News:January 11 – Stratton Mobile Launches AndroidListings.com Stratton Holdings, Inc. (OTC: STHG) announces through its subsidiary, Stratton Mobile, the launch of its new android review and directory website, AndroidListings.com.AndroidListings.com will provide daily reviews of the latest and hottest android apps available. It also provides a place where over 10,000 android developers can promote their applications. Development of the directory side of the website is still underway and is expected to launch soon as well. Currently the website has three writers and plans to expand to five within the next two months.”AndroidListings.com is now up and running. The app directory is still being worked on but simultaneous to its enhancements it is important to begin establishing itself in the android community. Ultimately the goal is to make it the number one location for the booming android world,” stated CEO of Stratton Holdings, Mr. Eric Stratton Racheff.YIPPY INCORPORATED (OTCBB: YIPI) “Up 87.50% on Tuesday” Detailed Quote: www.otcpicks.com/quotes/YIPI.php Based in Fort Myers Florida, Yippy, Inc. (www.yippy.com), formerly known as Cinnabar Ventures, Inc., is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments in the cloud computing sector.YIPI News:May 23 – Yippy, Inc. Retains Educational Industry Executive & Consultant Marc Bigelow Yippy, Inc. (OTC: YIPI), the providers of the world`s fastest, family friendly, educational search engine and web portal, reports that it has retained Mr. Marc Bigelow from Vast Resource Group LLC as the primary executive management consultant.Marc Bigelow comes to Yippy with over 22 years of senior management experience in the educational publishing, information and new media markets and is an adjunct professor at Sierra Nevada College. Marc has headed up executive transition teams for McGraw-Hill, Times Mirror, Thomson Learning (a division of Thomson Company) and most recently Gale Cengage which was purchased from the Thomson Company (now Thomson Reuters) for $7.75 billion by Apax Partners and OMERS Capital Partners. He also assisted in the transition of the educational business units from Times Mirror and McGraw-Hill where he supported college and K12 businesses that generated over $1.7 billion in annual revenue at the time. Marc`s main role will be to assist the executive management of the company to create strategic partnerships, joint ventures, fund raising and ready the company for a potential acquisition or merger.”I am beyond excited about what Yippy`s business model represents to the multi-billion dollar education markets and it is coming at just the right time. With the emergence of ebooks from traditional publishers and open source providers, the industry leaders of K12 and higher education institutions are looking for a way to manage all their educational resources within a safe browsing environment for their students. Yippy`s application services environment (ASE) provides the most comprehensive suite of student/family friendly programs I have ever seen in all my years in the education sector. They also own in my opinion the most efficient and logical search program for educational content and coupled with their K12 browser makes Yippy a serious player. I believe with the right partner(s) Yippy will be a top resource in the education research market, and that`s my main focus,” stated Marc Bigelow, Managing Partner, Vast Resource Group.He continues, “Yippy will significantly reduce school and library costs thru its program suite and provide access to tools that students, instructors and administrators can utilize effectively. Yippy is easy to use and they can create web based user interfaces for all types of educational situations such as but not limited to K12, Law, Medical and General Studies free of cost while providing the institutions with the ability to generate revenue from advertising, merchandise and other sources to offset current research subscription (pay for use) based models. Due to massive budget constraints in education and learning, I see Yippy as the most viable option for K12 – college research markets by private labeling research tools for each educational institution.””The company is extremely pleased to add Marc Bigelow to the team. He is the perfect guy at the right time to help move Yippy forward. Marc`s contacts in the space are extensive and his knowledge will be of great value to the shareholders of Yippy, Inc. I expect Marc will join the executive management team of Yippy once we have completed the tasks laid out and he would certainly be a great asset to help transition Yippy should we sell/merge the company with a larger entity in the future,” stated Richard Granville, CEO, Yippy, Inc.Yippy, Inc. has established a new toll-free number for customer service and company inquiries which is 1-877-YIPPY01.ORSUS XELENT TECHNOLGIES INCORPORATED (AMEX: ORS) “Up 26.45% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N46&L49&F=T Incorporated in the State of Delaware and headquartered in Beijing, China, Orsus Xelent Technologies, Inc. is an emerging designer and manufacturer of award-winning mobile phones for the Asian market, primarily the People`s Republic of China (“PRC”). The Company`s business encompasses the design of mobile phones, related digital circuits, and software development, and it is a recognized pioneer in mobile phone integration technology. It introduced the region`s first wristwatch-style cellular phone, and it continues to break new ground with state-of-the-art phones that include advanced features such as fingerprint recognition and touch-screen displays. The Company also is focused on developing and marketing, under its Proxlink trademark, special application mobile phones for specialized users in a wide variety of professions in business and government. Since the Company`s launch in 2004, it has established “Orsus” as a popular brand and achieved a significant share of the world`s largest mobile phone market. It maintains more than 179 service call centers across the PRC, with additional offices in Shanghai, Hong Kong, Shenzhen, and Tianjin. ORS News:May 23 – Orsus Xelent Reports 2011 First Quarter ResultsOrsus Xelent Technologies, Inc. (AMEX: ORS) (“Orsus” or the “Company”), a designer and manufacturer of award-winning mobile phones for the Asian market, reported results for its first quarter ended March 31, 2011.* Sales in the quarter declined to $3.91 million, compared with $7.6 million a year earlier.
* The Company achieved income from operations in the period of $342,000.
However, mainly due to a non-cash reversal of allowance for bad debt generating other income of $32,022,000 in the quarter, the Company reported net income of $32.03 million or $12.73 per share, compared with a loss of $(446,000) or $(0.18) per share a year earlier.
* Per share figures in each period are based on 2.52 million and 2.48 million weighted average shares outstanding respectively, which are a reflection of the 1:12 reverse share split effected by the Company in April, 2011.
* Stockholders` equity at the end of the first quarter was $27.54 million, compared with an accumulated stockholders` deficit of $(4.5 million) at the same time last year.Third Party Guarantee of Accounts Receivable Renewed on March 30, 2011The reversal of the allowance for bad debt is a consequence of the fact that following a year-end write down of those doubtful accounts (accounts receivable) in 2010 which were not covered by an expired third party guarantee agreement, on March 30, 2011 the Company entered into a Credit Guarantee Contract with Beijing Xingwang Shidai Tech and Trading Co. Ltd.
(“Xingwang”) and Zhong Hui Guarantee Corporation (“Zhonghui”), by which Zhonghui renewed its guarantee for any sales to Xingwang. Under this new agreement, coverage was increased from RMB 300 million (U.S. $44.2 million) to not more than RMB 500 million (U.S. $73.6 million) up to the period ending December 31, 2011.The Company noted the reversal in the quarter of the previously expensed bad debt did not generate cash. The Company`s most pressing concerns — and the continuing primary focus of management attention — are cash flow and related going concern issues.Mr. Guoji Liu, CEO of the Company, stated, “We are pressing ahead with our previously described plans for a strategic merger and/or a capital raise and/or a loan to resolve our cash flow problem. We believe we have made progress in this regard, but have not yet succeeded and cannot predict the final outcome of our various discussions. It is only with success in securing additional cash that we will be able to move forward with plans to strengthen operations. These plans include a focus on product sales in developing regions such as Africa and the introduction of new products that conform to consumer demand and the needs of China`s telecom operators.””While we are in a difficult struggle,” Mr. Liu said, “we remain confident of a positive outcome and will keep shareholders informed of progress we may achieve.”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. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies. The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them. Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research. Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stockbroker before investing. Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward-looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward-looking statements included in the report and not place undue reliance upon such statements.
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&N46&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N46&L=8&F=T. Disclosure: OTCPicks and affiliates have been compensated eight thousand dollars by a third party (Strategic Investors Group) for YIPI advertising and promotional services.
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