OTCPicks.com Daily Market Movers Digest Midday Report for Monday, May 7th
OTCPicks Publisher Newsletter
OTCPicks.com Daily Market Movers Digest Midday Report for Monday, May 7th MDMC, NNAN, CRPZ, NHYT, ALGF, TRON, DNNC Our Stocks to Watch today include Marine Drive Mobile Corp. (OTCBB: MDMC), NaturalNano Inc. (OTCBB: NNAN), Convenience TV Inc. (OTCBB: CRPZ), Neohydro Technologies Corp. (OTCBB: NHYT), Algae Farm (USA) Inc. (OTC: ALGF), Toron Inc. (OTC: TRON) and Donini Inc. (OTC: DNNC).
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MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC) Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L29&F=T Company Profile:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L35&F=T Marine Drive Mobile Corp. engages in the development of transactional mobile commerce applications and services. The companys technology platform matches merchants and consumers with the right products and services at the right time through electronic coupons. Its principal product includes eTeeoff.com, an e-couponing Website for golf industry merchants to create deals and offer their own electronic coupons. The company was formerly known as Sona Resources, Inc. and changed its name to Marine Drive Mobile Corp. in July 2011. Marine Drive Mobile Corp. was founded in 2007 and is headquartered in San Francisco, California.
MDMC News:
May 2 – Marine Drive Mobile Signs its First JV Agreement with TapIn Solutions, Unleashing an Immediate Sales Channel and New Revenue Stream Marine Drive Mobile Corp. (OTCBB: MDMC) (“Marine Drive Mobile” or the “Company”) announced that the Company has signed a Joint Venture agreement with TapIn Solutions, LLC that will introduce an immediate sales channel to reach golf courses and other businesses for our flagship product eTeeoff.com.
eTeeoff.com is a relatively new online platform targeted to serve the golf industry. With eTeeoff.com advancing to become the leader in offering golf courses the natural ability to offer deals and strategic marketing solutions to their clients, TapIn Solutions paves the road to strategically catapult eTeeoff.com to the next level.
The joint venture agreement with TapIn Solutions is to make our software available to their merchants across the country. This four-year old company, TapIn, is the golf industry`s fastest growing online services company specializing in web development and online marketing solutions.
Through its various partners, TapIn has access to over 3,400 golf courses and 450 golf product distributors across the country.
As part of the agreement with TapIn we are initially launching with approximately 150 golf courses throughout the U.S., and we are expected to be up and running in June 2012. This is the first phase of this integration, with ultimately integrating into TapIn`s entire network.
Colin MacDonald, President and CEO of Marine Drive Mobile stated, “TapIn was one company that we were introduced to at the PGA Merchandise Show in January of this year. Our two companies together, offer such synergies, that we created a win-win venture. We recognized that TapIn would give us a significant edge in procuring a solid merchant base for our flagship product, eteeoff.com and thus rapidly advance our revenue stream timeline.” Reed Thompson, President and CEO of TapIn Solutions, LLC commented, “We are very excited to be working with the eTeeoff.com platform and Marine Drive`s technical team. We love their technology; as it introduces an online gateway for our golf merchants to offer substantial deals to their customers. Marine Drive`s technology platform opens new doors for our clients and adds a critical link to be competitive in today`s golf market.
This opportunity basically allows our golf customers to be in the drivers seat, in other words, they will have full control over their marketing needs by using eTeeoff.com`s Deal Management System.” ABOUT TAPIN SOLUTIONS, LLC.
TapIn Solutions provides the most comprehensive online, on-demand sales and marketing solutions available exclusively for the Golf Industry. TapIn begins with a truly unique website design, and along with 17 unique modules in its Content Management System (CMS) give their golf customers a distinct advantage over their competition, and this endears TapIn to its customer base. Golf Course operators also look to TapIn for detailed marketing plans, email marketing advice, and overall business & marketing expertise.
NATURALNANO INCORPORATED (OTCBB: NNAN) “Up 60.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L1&F=T NaturalNano, Inc. is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives.
NNAN News:
May 7 – NaturalNano Granted Key Patent That Recognizes Halloysite Nanotubes Utility as Key Component to Strengthen Polymeric Composites NaturalNano, Inc. (OTCBB: NNAN) announced that the US Patent & Trademark Office had granted the Company a patent application covering the use of its proprietary Halloysite NanoTubes (HNT) as a key strengthening component to enhance the performance of Polymeric Composite materials including Nano-particle Fillers.
NaturalNano`s CEO James Wemett commented, “We continue our efforts to expand and protect the commercial applications for our HNT. In this important patent application, the Patent Office granted NNAN protection for the use of HNT as a key strengthening agent for use in Polymeric Composites. Our patent portfolio continues to grow which strengthens our position as the world leader in the industrial applications for Halloysite as we continue to expand our licensing opportunities.” CONVENIENCE TV INCORPORATED (OTCBB: CRPZ) “Up 116.67% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&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 updated quickly and is tailored to meet the specific clients` need for increased sales, customer enjoyment and brand reinforcement.
CRPZ News:
No recent news for Convenience TV, Inc. (OTCBB: CRPZ).
NEOHYDRO TECHNOLOGIES CORPORATION (OTCBB: NHYT) “Up 47.06% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L7&F=T Neohydro Technologies Corp. engages in the acquisition and exploration of mineral resources. It intends to explore for gold. It owns interest in the Rio Lode Claim, which is located within the Yellow Pine Mining District of Clark County, Nevada. The company, formerly known as Rioridge Resources Corp., was founded in 2007 and is based in Piscataway, New Jersey.
NHYT News:
No recent news items for Neohydro Technologies Corp. (OTCBB: NHYT).
ALGAE FARM (USA) INCORPORATED (OTC: ALGF) “Up 500.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L44&F=T Algae Farm (USA), Inc., a development stage company, engages in the research and development of alternative and renewable energy. It primarily focuses on algae oil production. The company was formerly known as Russell Industries, Inc. and changed its name to Algae Farm (USA), Inc. on January 6, 2011. Algae Farm (USA), Inc. was founded in 1997 and is based in The Woodlands, Texas.
ALGF News:
No recent news for Algae Farm (USA), Inc. (OTC: ALGF).
TORON INCORPORATED (OTC: TRON) “Up 24.14% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L54&F=T Toron Inc. prides itself on being a new mineral exploration company focusing its attention on projects involving gold and other valuable metals. Based in Quebec, one of Canada`s richest mining provinces, Toron Inc., a Nevada company incorporated a wholly owned subsidiary, Toron Resources Inc., for the sole purpose of exploring mining projects in Canada, and specifically, in Quebec and Ontario.
TRON News:
May 7 – Grass Roots Research and Distribution issues research report on Toron inc.; Cohen Price Index Target of $0.27 Per Share Toron Inc. (OTC: TRON) announced that Grass Roots Research and Distribution, Inc. (“GRRD“) has initiated research coverage on the Company.
The Cohen Price Target is calculated using market-based multiple valuation, Discounted Cash Flow (DCF) and by applying the Cohen Price Performance Index approach. The multiple based valuation approach uses the expected 2012 Price-to-Earnings and 2012 Price-to-Capital Employed ratio. We also include the Cohen Price Performance Index, which is representative of the past coverage performance of all stocks evaluated by us. The last component in calculating the Cohen Price Target is the value derived using the long-term Cohen Discounted Cash Flow (DCF) valuation approach. Based on an average of these methods, Toron Inc. common stock is valued at $0.27, 215.2% higher than the current stock price of $0.075.
The following are excerpts from the report:
* Gold demand remains consistent. The demand for Gold reached 14 year high in 2011. The global demand for gold bars increased 37% year on year to 1,209 tons. According to Thomson Reuters GFMS, the overall gold demand increased 0.6% to 4,486 metric tons in 2011 from 4,459 in 2010. The rise in demand is largely due to the security it gives to investors in an uncertain economy. With the economy still recovering, the demand for gold is expected to remain high in near future and beyond.
* Rising prices of gold. Rising Gold Prices due to uncertain economic conditions and sovereign debt crisis is driving the Gold Prices high.
According to Capital Economics, prices are estimated to cross $2,000 an ounce and stabilize at around $2,200 an ounce by the end of this year.
Consistent demand for Gold and rising prices along with increasing importance of gold as a global investment alternative have resulted in renewed focus on gold assets across the globe. Gold is regarded as one of the most reliable and economically proven sources of stable long term investment.
* Property presence in the incomparable mining potential province of Quebec. Quebec is one of the world`s richest mineral territories with a long exploration history. The province is endowed with rare earth and other valuable mineral deposits of gold, nickel, cobalt, and platinum. Northern Quebec is said to have unmatched exploration potential.
DONINI INCORPORATED (OTC: DNNC) “Up 171.43% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N96&L16&F=T Donini, Inc., a New Jersey Corporation, was established in 2001 when the company acquired control by way of a reverse merger of Pizza Donini, a Canadian company that has been operating and licensing Italian style restaurants specializing in pizza and related products within the Greater Montreal Area in the province of Quebec for over 20 years. The Company has recently completed a consolidation of its operations by establishing two Canadian Subsidiaries, Donini Group Inc. and Pizzacorp DTC Franchises Inc., whose purposes are, respectively, to hold and control the intellectual property of the Company and to license the trademarks and oversee the licensed franchisees of the marks. The Company plans to expand its operations into the United States and the rest of Canada.
DNNC News:
No recent news for Donini, Inc. (OTC: DNNC).
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