OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, May 9th

OTCPicks Publisher Newsletter

OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, May 9th MDMC, PEIX, OPHC, EFIRE, SNRY, FTTN, TKDN Our Stocks to Watch today include Marine Drive Mobile Corp. (OTCBB: MDMC), Pacific Ethanol Inc. (NASDAQ: PEIX), OptimumBank Holdings Inc. (NASDAQ:

OPHC), EGPI Firecreek Inc. (OTCBB: EFIRE), Solar Energy Initiatives Inc.

(OTCBB: SNRY), First Titan Corp. (OTCBB: FTTN) and Takedown Entertainment Inc. (OTCBB: TKDN).

Visit http://otcpicknews.com/emailmarketer/link.phpM940&N06&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.

MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC) Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L29&F=T Company Profile:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&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.

PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX) “Up 15.37% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L75&F=T Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol`s growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol`s goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

PEIX News:

May 8 – Pacific Ethanol, Inc. Extends and Increases Kinergy`s Credit Facility With Wells Fargo New Agreement Extends Term for Two Years, Lowers Interest Rate by 1.00% and Increases Line to Up to $40 Million Pacific Ethanol, Inc. (NASDAQ: PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it has extended the credit facility of its subsidiary, Kinergy Marketing LLC. The renewal with Wells Fargo Capital Finance, LLC extends the term for an additional two years, lowers the stated interest rate by 1.00% and increases the maximum amount of the credit facility from up to $35 million to up to $40 million, which includes a $10 million accordion feature allowing an increase in the amounts available for borrowing, subject to certain conditions, to the full $40 million. The prior credit facility included an accordion feature of $5 million. In addition, the borrowing base of the credit facility includes the accounts of Pacific Ag. Products, LLC (“PAP”), the company`s feed marketing subsidiary. The credit facility matures on December 31, 2015.

Neil Koehler, the company`s president and CEO, stated, “The introduction of advanced ethanol blends, favorable ethanol blend economics and supportive government policies present new growth opportunities for Pacific Ethanol.

The increased line of credit supports these growth opportunities while lowering our cost of capital. With the additional borrowing base from PAP, we are able to better utilize our feed business to add value to the consolidated enterprise.” Further details of the credit facility are available in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission today.

OPTIMUMBANK HOLDINGS INCORPORATED (NASDAQ: OPHC) “Up 15.89% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L10&F=T OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides community banking products and services to individuals and corporate customers in Broward, Miami-Dade, and Palm Beach counties, Florida. Its deposit products include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, NOW accounts, and time deposits, as well as direct deposits. The company also provides residential and commercial real estate loans, and consumer loans to individuals and small businesses, and other organizations. In addition, it offers credit cards, cash management, notary services, money orders, night depository, travelers checks, cashiers checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail services. Further, the company provides Internet banking services. It conducts operations from its Fort Lauderdale headquarters and three branch offices in Fort Lauderdale, Plantation, and Deerfield Beach. The company was founded in 2000 and is headquartered in Fort Lauderdale, Florida.

OPHC News:

May 1 – OptimumBank Holdings, Inc. Announces First Quarter Results and Improved Regulatory Capital Ratios OptimumBank Holdings, Inc. (NASDAQ: OPHC), the parent company of OptimumBank, announced a net loss for the first quarter ended March 31, 2012 of approximately $.6 million, or $.03 per basic share, as compared to a net loss for the same period last year of approximately $1.2 million, or $1.41 per basic share. The 2012 first quarter loss increased from the previous quarter`s loss of $53,000, primarily due to an $.8 million credit for loan losses recorded in the December 2011 quarter as compared to a $27,000 provision recorded in the March 2012 quarter. Chairman Moishe Gubin noted, “Our results show marked improvement from the same period in the prior year due to our implementation of effective cost control measures.

Our net interest income before provision for loan losses for the March 2012 quarter compared to the December 2011 quarter, increased by approximately 9% to $.7 million, and our noninterest expenses declined by approximately 23% to $1.2 million.” During the first quarter, non-performing assets decreased by approximately $.4 million to $35.9 million at March 31, 2012. Chairman Gubin commented, “Based on scheduled closings in the second quarter, we expect disposals of our problem assets in the second quarter to outpace our first quarter reductions.” The Company`s capital position this quarter improved significantly with $1.8 million in new capital added from further sales in the Company`s private placement stock offering which commenced in 2011. Chairman Gubin noted, “With almost $10.4 million in new capital, we are now in excess of all our regulatory capital requirements with a tier one leverage capital ratio of 9.16% and a total risk-based capital ratio of 13.20%.” During the first quarter of 2012, OptimumBank installed new business banking software to attract new commercial deposit customers with lower cost deposits. The Bank`s lending pipeline continues to grow and increased loan originations are expected during the second quarter of 2012. Chairman Gubin noted, “We are successfully implementing our current strategy of containing costs, increasing loan originations, reducing problem assets, reducing our cost of funds, and augmenting capital. With signs of an improving economy, we expect 2012 to be a pivotal year in our return to profitability.” The Company offers a wide array of lending and retail banking products to individuals and businesses in Broward, Miami-Dade and Palm Beach Counties through its executive offices and three branch offices in Broward County, Florida.

EGPI FIRECREEK INCORPORATED (OTCBB: EFIRE) “Up 50.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L63&F=T EGPI Firecreek, Inc.`s business and acquisition strategy is focused on producing oil and gas. The Company puts emphasis on acquiring existing fields with proven reserves or by the rehabilitation of oilfields with potentially high throughput. Through its wholly owned subsidiary Energy Producers, Inc., it acquires resource properties and inventories. Through its wholly owned subsidiary Chanwest Resources, LLC it operates as an oil and gas service business. EGPI Firecreek, Inc. is also planning to expand into producing energy through alternative energy sources through their recently acquired Arctic Solar Engineering subsidiary.

EFIRE News:

No recent news for EGPI Firecreek, Inc. (OTCBB: EFIRE).

SOLAR ENERGY INITIATIVES INCORPORATED (OTCBB: SNRY) “Up 50.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L3&F=T Solar Energy Initiatives, Inc. is a diversified provider of solar solutions with three principal operating groups focused on large-scale projects, solar education and distribution of solar products. SNRY Power is a developer and manager of municipal and commercial scale solar projects. The SolarEos Group is dedicated to the education and continuous improvement of solar energy trade professionals. SNRY Solar is a wholesale distributor of branded photovoltaic and thermal (water heating) systems selling via a network of dealers throughout the United States and the Caribbean. Solar Energy Initiatives also owns SolarEnergy.com, one of the most visited solar websites on the internet and a digital property committed to driving consumer traffic, while serving as a platform for awareness of the benefits of solar and a source of business lead generation to SNRY Solar`s channel partners. Through its diversified portfolio of solar businesses, Solar Energy Initiatives, Inc. is committed to restoring the nation`s economy through a grassroots campaign called “Renew the Nation.” Renew the Nation brings together a broad alliance of public and private sector interests focused on workforce development, job creation and economic growth through solar energy.

SNRY News:

May 8 – Solar Energy Initiatives Signs Definitive Agreement to Purchase Internet Digital Marketing Company Announces Corporate Restructure Solar Energy Initiatives, Inc. (OTCBB: SNRY), a diversified provider of solar solutions with two principal wholly owned subsidiaries focused on large-scale projects, announced that the company has signed a definitive agreement to purchase certain assets of a company focused in the digital internet marketing space. The asset purchase is scheduled to close no later than July 15, 2012.

Our plan of acquiring a leading media & data solutions provider which is focused on connecting their clients to a targeted audience across multiple sales, marketing and distribution channels gives the company a strong platform on which to launch our new business strategy into the explosive internet digital marketing space. We plan to leverage all digital media options to drive new customers, increase sales, and increase revenue to build shareholder value. The plan is to provide everything a business needs to successfully promote their business on the internet. Future plans include a merger and acquisition strategy to increase client base and company revenues. Future acquisitions are directed toward businesses involved in internet technology, enabled business processes, data, Internet marketing or e-commerce, and service businesses including web enabled software platforms.

“Solar Energy Initiatives has been working to recapitalize the company and seek out new growth opportunities in order to maximize shareholder value.

The decision was made due to the reduction in value of its current solar business.

“The Company has been seeking an acquisition candidate in order improve the financial condition of the company to protect the interests of the shareholders,” stated David Fann, Chief Executive Officer of Solar Energy Initiatives.

Solar Energy Initiatives Inc. (the “Company”) recently filed a Certificate of Correction to its Certificate of Amendment to the Certificate of Incorporation (the “Certificate”) to effect a reverse stock split of all outstanding shares of common stock at a ratio of 1 for 100 (the “Reverse Stock Split”). Fractional shares outstanding after the Reverse Stock Split will be rounded up to the next highest number of full shares. The Certificate was approved by the Board of Directors and shareholders holding a majority of the issued and outstanding shares of common stock.

FIRST TITAN CORPORATION (OTCBB: FTTN) “Up 18.60% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L58&F=T First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.

FTTN News:

May 9 – FTTN Moving Forward With Due Diligence on Bedford Operating Co.

Acquisition First Titan Corp. (OTCBB: FTTN) announced that the company is pleased with what it has seen so far in its due diligence into a possible acquisition of Bedford Operating Co., the operating subsidiary of Bedford Energy, Inc., an exploration and production company that operates five wells in Texas and Oklahoma.

FTTN signed an option agreement to acquire Bedford Operating Co. last month. The due diligence process is currently proceeding as planned.

Founded in 1999, Bedford Energy is dedicated to the exploration, development and production of oil and gas in the Midwest and Gulf Coast regions of the U.S. The company has operations over 160 acres in Warren Field in Hughes County, Okla.; 800 acres in Logan County, Okla., and 190 acres in Janssen Field in Karnes County, Texas. Bedfords proven oil reserves exceed 500,000 barrels.

FTTN is weighing the acquisition of not only these physical assets, but Bedfords invaluable experience and contacts in the oil and gas exploration businessincluding the expertise of the companys co-founder, renowned oilman Carl Swan.

Bedford Energy is the well sponsor on the Breaux #2 well in Oklahoma in which FTTN owns a working interest. The petroleum engineers reserve report based on wells close by Breaux #2 shows proven reserves of 160,000 bbls of oil and 1.5 million mcf of natural gas, estimating potential production at more than $14 million worth of resources.

Bedford Operating Co. is one of several potentially lucrative new partnerships, joint venture candidates and possible acquisitions that FTTN is targeting to increase the companys developing foothold in the energy industry.

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE: CHK), Anadarko Petroleum Corp. (NYSE: APC), SandRidge Energy Inc. (NYSE: SD) and Apache Corp. (NYSE: APA).

TAKEDOWN ENTERTAINMENT INCORPORATED (OTCBB: TKDN) “Up 20.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N06&L70&F=T Headquartered in London, UK with offices in Beverly Hills, CA, Takedown Entertainment Inc. is a sports entertainment company that acquires, produces, distributes and markets Mixed Martial Arts (MMA) programming and products for television and digital media in North American and International markets.

TKDN News:

May 9 – Takedown Entertainment Closes Rights Agreement With Chicago Cagefighting Championship Takedown Entertainment Inc. (OTCBB: TKDN) announces that its subsidiary, Fight Rights Licensing Inc., has signed a License and Distribution Agreement with Chicago Cagefighting Championship (CCC) for past content and future events.

Chicago Cagefighting Championship was started in 2009 by matchmaker and promoter Joe Smith. Since their inception Chicago Cagefighting has featured some of MMA`s best known names including Ultimate Fighting Championship (UFC) Lightweight Champion Jens “Lil” Evil Pulver, former World Extreme Cagefighting (WEC) contender Chase Beebe, and an upcoming card with Ultimate Fighter contender Jon “War Machine” Koppenhaver. Showcasing the top names in MMA with the best fighters in Illinois has made Chicago Cagefighting a serious contender in combat sports.

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