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ADVANCED CONTENT SERVICES (OTC: ADCS | news | PowerRating | PR Charts ) "Up 40.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/ADCS.php
Formerly known as International Minerals Mining Group Inc., Advanced Content Services Inc. is engaged in a variety of online projects. The current share structure of common stock for the company is 470 million shares of common stock authorized with 223,663,681 shares issued and outstanding.
ADCS News:
March 13 - Advanced Content Services Clarifies Items of Interest
Advanced Content Services, Inc. (OTC: ADCS | news | PowerRating | PR Charts ) announced that CEO S. Shawn Spahr would like to take an opportunity to clarify some items of interest that appear to have caused some potential confusion with shareholders.
Spahr commented, "When the ADCS shell was purchased there were some outstanding potential liabilities with the shell that had not been adequately disclosed nor discovered during the new management's Due Diligence phase. These potential liabilities are being dealt with aggressively."
The Company is actively working with Pinksheets.com to update the information to become in good standing and quoted once again on Pinksheets.com, perhaps as early as the end of this week. Pinksheets.com previously moved ADCS to its list of companies under the designation 'caveat emptor' due to previous management's proclivity for frequent name changes.
The company would like to address shareholder questions regarding previous management by stating very clearly that Paul Taylor, nor Robert Cotton, have any continued role or relationship with ADCS, either directly or indirectly through any form of nominee entity or organization. Any previous associations between the company and Taylor or Cotton have been terminated. Additionally, rumors that have circulated regarding a company named Signature Leisure being involved with Advanced Content Services past or present are false and misleading.
Spahr continued, "The Company has been contacted by a number of shareholders via email and telephone expressing areas of concern on such items of interest, so I wanted to take this as an opportunity to clearly state that there is no association between the company or any of these individuals or entities. As CEO of the company, I am in firm control of the operations of ADCS and any speculation to the contrary is both misplaced and unfounded."
BROOKE CORPORATION (NASD: BXXX | news | PowerRating | PR Charts ) "Up 39.44% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/BXXX.php
Brooke Corporation makes and manages investments in the insurance, banking, and financial services industries. Its holdings include two publicly-traded companies, Brooke Capital Corporation and Brooke Credit Corporation, and a wholly owned privately held company, Brooke Brokerage. Brooke Capital operates a franchise network of property and casualty insurance agencies in the United States. Its franchise network includes approximately 900 agencies generating annualized insurance premiums from personal lines of insurance and small commercial policies. Brooke Capital also operates a life insurance company. Brooke Credit is a specialty finance company that underwrites senior loans to businesses in insurance and death care industries, such as unaffiliated insurance agencies, funeral homes, and other businesses. Brooke Brokerage operates a federally-chartered thrift institution that offers a range of commercial banking products. It accepts interest bearing and non-interest bearing demand deposits, savings deposits, time deposits, and certificates of deposit, as well as offers personal and mortgage loans. Brooke Brokerage offers its products and services utilizing a network of independent agents, as well as through the Internet and other electronic means, such as automated teller machines. The company was founded in 1986 and is based in Overland Park, Kansas.
BXXX News:
March 12 - Brooke Corporation Announces Management Changes
Robert D. Orr, Chairman and founder of Brooke Corporation (NASD: BXXX) announced the appointment of Leland Orr as President and CEO of Brooke Corporation as of March 11, 2008 to replace Keith Bouchey, who will resign as President and CEO of Brooke Corporation to pursue opportunities in the community banking market.
Leland Orr has been a director, CFO, Treasurer and Assistant Secretary of Brooke Corporation and has been a director and officer of the company since its inception in 1986. He will resign his positions as CFO, Treasurer and Assistant Secretary of the company to assume the role of President and CEO and will remain a director of the company. Leland Orr will continue to serve as CFO of Brooke Capital Corporation (Amex: BCP - News), a majority-owned subsidiary of Brooke Corporation. Prior to serving as CFO, Leland Orr served as President of Brooke State Bank, Jewell, Kansas, and as an accountant with Kennedy McKee and Company, LLP (formerly Fox & Company) in Dodge City, Kansas. He is a Certified Public Accountant and a member of each of the American Institute of Certified Public Accountants and the Kansas Society of Certified Public Accountants. Leland Orr received a Bachelor of Science Degree in Accounting from Fort Hays State University in Hays, Kansas.
"Leland and I have worked diligently to build this organization, and I look forward to leveraging his knowledge, skills and leadership capabilities in his new role," commented Rob Orr. "Keith has been an asset to Brooke and its affiliates for years, and I want to personally thank Keith for his numerous contributions to our organization and wish him much success in his future endeavors."
Brooke Corporation also announced the appointment of Travis Vrbas as CFO, Treasurer and Assistant Secretary and the appointment of Carl Baranowski as Senior Vice President and General Counsel.
Mr. Vrbas, director of internal audit at Brooke Corporation since January 2004, will take his new role as CFO, Treasurer and Assistant Secretary from Leland Orr. Mr. Vrbas has been with Brooke Corporation since March 2003. Since joining the company, Mr. Vrbas was responsible for the Sarbanes-Oxley compliance of the company and its subsidiaries. Mr. Vrbas has worked closely with the company's external auditors during quarterly reviews, SOX testing and year-end audits. Since January 2004, Mr. Vrbas has also served as a liaison to the CFO with respect to the Company's SEC filings and other accounting matters. Mr. Vrbas received a Bachelor of Science Degree in Accounting from Kansas State University and is a Phi Kappa Phi.
Mr. Baranowski has been Senior Counsel and Corporate Secretary of the company since September 2007 and will remain Corporate Secretary. Previously, he served as counsel for Jabil Circuit, Inc. a leading electronics manufacturing and design services provider with 75,000 employees and facilities in 20 countries. Mr. Baranowski has also served as general counsel of Honeywell Advanced Circuits, Inc. and as senior counsel of Gateway, Inc. with responsibility for corporate/securities, finance and international operations. Mr. Baranowski has two Bachelor of Science degrees and a Master of Science degree from the Massachusetts Institute of Technology. Mr. Baranowski also has a law degree and an MBA degree from Stanford University. Mr. Baranowski is co-author of "Representing High-Tech Companies", is a Phi Beta Kappa and was an editor of the Stanford Journal of International Law.
Concerning these appointments, Rob Orr stated, "Travis has been a key part of our finance team for some time. His skill and energy are well-suited to being CFO in our dynamic and fast-paced environment. Carl's experience, education and intellect significantly strengthen our management team. I look forward to Carl assisting me with strategic planning, investment analysis and my other responsibilities."
COMMUNITY VALLEY BANCORP (NASD: CVLL | news | PowerRating | PR Charts ) "Up 25.00% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/CVLL.php
Community Valley Bancorp operates as the holding company for Butte Community Bank that provides banking services to individuals and various-sized businesses in California. The company accepts checking, interest bearing transaction, savings, time certificates of deposit, and retirement accounts. It also offers home equity and consumer loans, agricultural loans, government guaranteed loans, commercial and industrial loans, and real estate loans. In addition, Community Valley Bancorp offers cashier's checks, traveler's checks, bank-by-mail, night depository, safe deposit boxes, direct deposit, automated payroll services, cash management, lockbox, and other customary banking services. Further, it provides telephone banking and Internet banking, merchant, and investment services, as well as credit, debit, and ATM card services. As of June 22, 2007, the company operated 13 branches in 10 cities, including Chico, Colusa, Corning, Magalia, Oroville, Paradise, Red Bluff, Redding, Yuba City, and Marysville, as well as loan production offices in Citrus Heights and Gridley. Community Valley Bancorp, through its strategic alliance with Linsco Private Ledger Financial Services, provides annuities, insurance products, mutual funds, and various investment products. The company was founded in 1990 and is headquartered in Chico, California.
CVLL News:
March 13 - Community Valley Bancorp Announces Tender Offer
Community Valley Bancorp (NASD: CVLL), announced that its Board of Directors has approved the initiation of a Tender Offer by the Company to purchase up to 1,000,000 shares of its outstanding stock at a price of $13.00 per share. The Tender Offer is expected to commence on or about March 13, 2008 and to expire, unless extended, at 5:00 p.m., Mountain Time, on or about April 28, 2008.
Under the Tender Offer, Community Valley Bancorp shareholders will have the opportunity to tender some or all of their shares at $13.00 per share. If shareholders owning more than 1,000,000 shares properly tender their shares, Community Valley Bancorp will purchase shares tendered by shareholders, on a pro rata basis, subject to priority to odd lot holders and in accordance with securities laws. Shareholders whose shares are purchased in the offer will be paid $13.00 per share net in cash, without interest, after the expiration of the offer period. The offer is not contingent upon any minimum number of shares being tendered. The offer is subject to a number of other terms and conditions specified in the offer to purchase that will be distributed to shareholders.
Keith Robbins, President of Community Valley Bancorp commented, "We believe that a repurchase of our stock is consistent with our goal of maximizing shareholder value. At the same time, our offer provides those who wish to sell shares an opportunity to do so at a premium over recent trading prices and without incurring transaction fees."
The offer to purchase, letter of transmittal and related documents will be mailed to shareholders of record and will also be made available for distribution to beneficial owners of Community Valley Bancorp's common stock.
Neither Community Valley Bancorp, nor its Board of Directors, is making any recommendation to shareholders as to whether to tender or refrain from tendering their shares into the Tender Offer. Shareholders must decide how many shares they will tender, if any, for purchase by Community Valley Bancorp.
ULYSSES HOLDING CORPORATION (OTC: UHCR | news | PowerRating | PR Charts ) "Up 38.46% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/UHCR.php
Ulysses Holding Corp. is a retail owner/operator and franchiser optical holding company within the 17 Billion Dollar a year retail optical industry, specializing in acquiring single to small multi-store operations that are well established within their communities that the owner(s) are looking for an exit strategy due to retirement or other plausible reasons. The company will also expand (under certain circumstances) the number of units through joint ventures, franchising or the development of new locations that will meet the company's criteria for success. The company will also expand revenue through management/consulting agreements with existing store owners. The company will also derive revenues from brokering franchise/sales deals to some of the larger optical retailers in the industry. The company's business plan call's for ten to fifteen retail outlets within the first twelve months of operations and twenty to thirty additional outlets within the second twelve months of operations with an over all objective of a minimum thirty to thirty five outlets within a twenty four month period. The company's policy is not to change any of its new acquisitions employees or operations as it intends to maintain the community environment and involvement that was established by its former owner(s) while incorporating the advantages of corporate buying strength and centralized administration.
UHCR News:
March 13 - Ulysses Holding Corp. Releases Its Outside Auditor's Preliminary Recommendations
Ulysses Holding Corp. (OTC: UHCR | news | PowerRating | PR Charts ) previously announced that it has retained a special outside auditor to review the trading patterns of its securities.
The auditor has recommended after its preliminary review that the company immediately change its CUSIP I.D.; secondly, the company erred by issuing a stock dividend, as this only allowed the increased potential for shorting of its securities.
The auditor also recommended that the company embark on a buyback of 4 million of its common shares on the open market effective immediately.
"Management has accepted the auditor's recommendations and will implement such immediately; we will not tolerate any abuse in the trading of our securities by anyone and will take whatever action necessary to stop any and all abuses," said Clayton Young, UHCR President.
MICROMEM TECHNOLOGIES INCORPORATED (OTCBB: MMTIF | news | PowerRating | PR Charts ) "Up 32.19% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/MMTIF.php Micromem is a fabless semiconductor device company devoted to development of MRAM technology. Micromem's patents in MRAM create a solution for performance driven, radiation hard non-volatile memory applications. It has been in the business of researching and developing magnetic based memory for over seven years. Micromem's Magnetic random access memory, is non-volatile, read/write addressable, and fabricated from radiation hard materials. Our markets include aerospace and defense, sensors and RFID. Future growth and technical evolution will come from the pervasive computing, PDA and display markets.
MMTIF News:
March 11 - Micromem Technologies Inc. appoints Henry N. Dreifus to board of directors
Micromem Technologies Inc. (OTCBB: MMTIF), a Toronto-based developer of magnetic random access memory (MRAM), announced that it has appointed Henry N. Dreifus to serve on the company's board of directors.
Mr. Dreifus is the founder and managing director of Dreifus Associates Limited, Inc. (DAL), a technology, systems development and solutions integration organization. Among his accomplishments Mr. Dreifus holds a key patent on smart card technology and portable electronic transaction technology. Mr. Dreifus has more than 25 years of experience in the high technology field including extensive experience on strategic engagements ranging from magnetic, optical and intelligent (smart cards) for financial, security, consumer marketing and information applications. He is a recognized world expert in the card technology industry, providing vision for the application of enabling technologies to solve business problems, and advises industry, governments and the U.S. Congress on computer and information technology matters.
In addition to his new appointment to the Micromem board, Mr. Dreifus also currently serves on the boards of Viewzi, Inc. a visual search engine company, TelaDoc Medical Services, Inc., a national medical cross-coverage service, and the Defense Business Board of the United States Department of Defense.
"We are pleased to appoint Mr. Dreifus to this position," said Joseph Fuda, CEO of Micromem. "His background in delivering advanced technology solutions and in the semiconductor industry will bring to Micromem a dimension and skill set that will help the company as it prepares to commercialize its MRAM and magnetic sensor technologies."
DEFENSE INDUSTRIES INTERNATIONAL (OTCBB: DFNS | news | PowerRating | PR Charts ) "Up 32.45% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/DFNS.php
Defense Industries International, Inc. is a leading manufacturer and global provider of personal military and civilian protective equipment and supplies. Defense Industries' main products include body armor, bomb disposal suits and bullet-resistant vests and jackets; ballistic wall covers, ceramic armor plates and lightweight armor UHMW-PE plates; personal military equipment, battle pouch units and combat harness units; dry storage units, liquid logistics, tents and vehicle covers; winter suits, sleeping bags and backpacks. The Company's manufacturing facilities meet American EQNET and international ISO 9001 standards. For additional information, please visit the Company's web site at www.defense-industries.com.
DFNS News:
March 13 - Defense Industries International Reports Receipt of Notification of Approval of Grant of Approximately $6 Million of Compensation Pursuant to the Israeli Evacuation Compensation Law
Defense Industries International, Inc. (OTCBB: DFNS), a leading manufacturer and global provider of personal military and civilian protective equipment and supplies, announced that on March 11, 2008, the Eligibility Committee, established pursuant to the Israeli Evacuation Compensation Law (2005), approved the grant of approximately $6 million of compensation, before expenses, to the Company's three subsidiaries, Export Erez Ltd., Mayotex Ltd. and Achidatex Nazareth Elite (1977) (76% owned subsidiary). Of the $6 million of compensation, the Company's subsidiaries had previously received $523,000 in interim payments.
During 2004, the Israeli Government decided to evacuate persons and companies from the Erez Industrial Zone in the Gaza Strip, where certain of the operations of the three Company subsidiaries were located. In February 2006, the subsidiaries filed claims for compensation pursuant to the Evacuation Compensation Law. On February 18, 2008 the three subsidiaries entered into final agreements with SELA Agency, a government agency, established pursuant to the Evacuation Compensation Law. According to the agreements, for which approval was just received, Export Erez will receive compensation in the amount of approximately $2.51 million (NIS 9,005,000), Mayotex will receive compensation in the amount of approximately $1.42 million (NIS 5,084,000), and Achidatex will receive compensation in the amount of approximately $2.07 million (NIS 7,411,000). The agreements were approved by the Eligibility Committee, and Export Erez and Mayotex expect to receive the funds within 14 days. Achidatex expects to receive the funds within 45 days. According to the Evacuation Compensation Law, the awards will be subject to income tax at a reduced rate of 5%.
Joseph Fostbinder, chief executive officer of Defense Industries said: "I am pleased that we are finally receiving this long-awaited compensation. We intend to use a portion of the funds to facilitate our growth strategy. Our plans include development of new product lines as well as potential strategic acquisitions that will be complimentary to our core business."
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