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UAL CORPORATION (NASDAQ: UAUA | Quote | Chart | News | PowerRating) "Up 68.54% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/UAUA.php
UAL Corporation offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally. It provides its services through jet aircrafts, as well as smaller aircrafts in its regional operations. As of December 31, 2007, UAL Corporation offered flights to approximately 200 destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago, and Washington, D.C. It also served approximately 900 destinations in 160 countries worldwide through its alliance with Star Alliance carriers. The company was founded in 1934 and is based in Chicago, Illinois.
UAUA News:
July 22 - United Airlines Reaches Agreement in Principle to Enhance Liquidity by Approximately $1.2 Billion
UAL Corporation (NASDAQ: UAUA), the holding company whose primary subsidiary is United Airlines, announced that it reached an agreement in principle with its Mileage Plus co-branded bank card partner, Chase Bank U.S.A., N.A. ("Chase"), and Paymentech, one of its credit card processors, to extend the term of their respective agreements.
As part of the transaction, United will receive a payment of $600 million from Chase, which relates to the advance purchase of frequent flyer miles and the extension of the contract. The company also expects this transaction will improve cash flow by about $200 million in the next two years.
In addition, the level of reserve or holdback that United is required to maintain under its credit card processing agreement with Chase / Paymentech L.L.C. has been reduced to $25 million. This reduction will result in the release of approximately $350 million in previously restricted cash.
As a result of its agreement with Chase, the company expects to increase its cash position by approximately $1.2 billion, including $1 billion in the short term and an additional $200 million over the next two years. Combined with the previously announced approximately $550 million raised from new transactions in the second and third quarters, the company will have increased its total cash balance by $1.7 billion and continues to have more than $3 billion in unencumbered hard assets.
ABOUT UNITED AIRLINES
United Airlines operates more than 3,200* flights a day on United and United Express to more than 200 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United also is a founding member of Star Alliance, which provides connections for our customers to 965 destinations in 162 countries worldwide. United's 55,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company's Web site at www.united.com.
* Based on United's flight schedule between Jan. 1, 2008, and Dec. 31, 2008.
ENABLE IPC CORPORATION (OTCBB: EIPC | Quote | Chart | News | PowerRating) "Up 42.86% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/EIPC.php
Enable IPC Corporation, a development stage company, engages in the development and commercialization of rechargeable batteries for use in low power applications in the United States. The company is developing new battery technologies that combine thin films and nanotechnology. It would use these breakthroughs to manufacture microbatteries on microscopically thin film and ultracapacitors on standard carbon sheets impregnated with nanoparticles. The company was founded in 2005 and is headquartered in Valencia, California.
EIPC News:
July 22 - Enable IPC To Develop Enhanced Clean Energy Ultracapacitors for Leading European Research Institute
New Contract from an Ambitious R&D Program Funded by Spain's Administration to Address Local and International Energy Solutions
Marking a major milestone with the first commercial use of its breakthrough ultracapacitor nanotechnology, Enable IPC Corp. (OTCBB: EIPC), a leading company for turning technologies into products and successfully bringing them to market, announced that it has partnered with the Madrid, Spain-based IMDEA Energy Institute to jointly develop ultracapacitors based on Enable IPC's patent-pending energy technology. The initial project for this venture will be to incorporate Enable IPC's ultracapacitor into the SA2VE clean energy innovation program.
Enable IPC's ultracapacitor technology combines nanoparticles with common carbon sheets for a low cost, easy-to-implement technology that improves the performance of ultracapacitors so they can function as clean energy storage devices. The enhanced ultracapacitors are simpler, cheaper and longer lasting than some conventional batteries, but perform just as well in many applications.
"Our partnership with IMDEA Energy marks a major validation of Enable IPC's ultracapacitor technology by a renowned international organization," said David Walker, CEO, Enable IPC. "Partnering with IMDEA Energy solidifies our standing as a leading company with cutting-edge energy technologies. We are excited by this unique opportunity to help develop clean energy devices that could be a part of the solution to the world's energy problems, and hope it marks the first of many collaborations with IMDEA Energy."
The IMDEA Energy Institute develops energy-related Research and Development (R&D) with an emphasis on renewable energy and clean energy technologies to achieve outstanding scientific and technological contributions that create a sustainable energy system. Together with the SA2VE, a strategic national research and development program in Spain focusing on electricity storage for applications in renewable energy integration, transport sectors and households, the organizations seek innovative, state-of-the-art technologies to address energy issues locally in Spain, as well as worldwide. In effect since 2006, partnering with Enable IPC marks one of the first steps in SA2VE's expansion to include ultracapacitors.
"After conducting an exhaustive search of ultracapacitor technologies, we chose Enable IPC due to the numerous improvements that their process produced over today's current market-ready ultracapacitors," said Manuel Romero, Deputy Director, IMDEA Energy Institute. "The Government of Spain is extremely committed to developing environmentally friendly sources of energy, and this partnership is an excellent example of how technology can be used to protect the environment, while also assisting the economy."
Under the new partnership, IMDEA Energy will work directly with Spanish company Green Power and a national lab in Spain known as CEDEX, while Enable IPC will provide enhanced ultracapacitor electrodes to the organization for integration into a new power conditioning unit.
ABOUT IMDEA ENERGY INSTITUTE
The IMDEA Energy Institute has been created by the Regional Government of Madrid, Spain, in order to develop cutting-edge R&D activities in energy, with main emphasis in those topics related to renewable energy and clean energy technologies. The portfolio of expertise includes the following themes: solar energy systems and technologies, with special emphasis in concentrating solar power; production of sustainable fuels for the transport sector: hydrogen, biofuels and waste-derived fuels; energy storage coupled to renewable energies; smart management of electricity demand; development of energy use systems with enhanced efficiency such as fuel cells and polygeneration and alternatives for CO2 confinement and valorization. For more info, visit www.imdea.org.
BROOKSIDE TECHNOLOGY HOLDINGS (OTCBB: BKSD | Quote | Chart | News | PowerRating) "Up 35.00% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/BKSD.php
Brookside Technology Holdings Corp., through its subsidiaries, engages in designing, analyzing, implementing, and selling converged Voice over IP (VoIP), data, and wireless business communications systems and solutions for commercial and state/government organizations in the United States. It also designs infrastructure solutions and deploys the technology and provides knowledge transfer to users and system administrators, as well as offers on-going managed services. The company is headquartered in Austin, Texas.
BKSD News:
July 22 - Brookside Technology Announces Successful Recapitalization
Vicis Capital Assumes Senior Credit Facility and Sub-Debt Note Vicis Invests Additional $2.5 Million In Equity
Brookside Technology Holdings Corp. (OTCBB: BKSD), a provider of converged VoIP, data, video and wireless business communications systems, today announced that Vicis Capital Master Fund ("Vicis"), has purchased and assumed from Hilco Financial, LLC ("Hilco"), Brookside's senior secured lender, and Dynamic Decisions Growth Premium Fund ("Dynamic"), Brookside's subordinated lender, all credit agreements, loans and promissory notes under which Hilco and Dynamic had loaned money to the Company.
Furthermore, Vicis has provided to Brookside an additional equity infusion of $2.5 million through the purchase of 2,500,000 shares of series A convertible preferred stock, which are convertible into common stock at $.03 per share. Proceeds of the private placement will be used to support future acquisitions and for general working capital.
With this latest $2.5 million equity investment, in addition to the prior $3 million in equity funding provided to acquire U.S. Voice & Data in September 2007, as well as the assignment of the various debt facilities to Vicis, Vicis has increased its combined debt and equity position to over $13 million. Vicis also owns a warrant position, that if exercised, could provide an additional $10 million in cash to the company.
Mr. Michael Nole, chairman and CEO, stated, "We are quite pleased to have completed this recapitalization during this challenging time for the credit markets and financial institutions. Over the past six months, our business has continued to grow by leveraging the products and services of our respective subsidiary companies, while also generating strong cash flow. Moreover, this latest financing provides the company solid footing to accelerate our acquisition strategy as we target complementary businesses at attractive valuations that allow us to fully leverage our infrastructure and capabilities. We believe that Vicis' commitment to Brookside illustrates its confidence in our business model, management team and outlook for the business.
ABOUT VICIS CAPITAL MASTER FUND
Vicis Capital Master Fund, is a multi-strategy hedge fund which as of June 1, 2008 has in excess of $4.5 billion assets under management across a range of strategies.
INFINITY MEDICAL GROUP INCORPORATED (OTC: IMGR | Quote | Chart | News | PowerRating) "Up 33.33% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/IMGR.php
Infinity Medical Group Inc. is a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics offering elective procedures.
IMGR News:
July 22 - Infinity Medical Group Inc. Introduces the Titan Procedure for Its Laser and Skin Care Clinics
Infinity Medical Group Inc. (OTC: IMGR), a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics that offer elective medical and dental procedures, announced that through its partner Rejuvena Medspa, Rejuvena Skin and Laser Centers are proud to offer the Titan procedure. The Titan Laser is a skin tightening procedure that many are calling a non surgical facelift. The Titan procedure is the first non-surgical light-based system approved by the FDA and Health Canada for the safe treatment of lax and/or redundant skin by deep dermal heating. Studies show the number of Americans over 55 will grow by 60% in the next 20 years and their buying power will exceed $2 trillion by 2007.
Americans spent just under $9.4 billion on cosmetic medical procedures in 2003. In 2004, American consumers spent $44.6 billion on anti-aging products and services, and the total anti-aging market is projected to reach $72 billion by 2009 (Business Communications Co., Inc., February 2005).
Infinity Medical Group Inc. is a specialty healthcare development company whose primary focus is in servicing the cosmetic medical laser and dental implant fields. Infinity Medical Group provides turnkey support for both medical and dental professionals and aids in their professional development through the emerging fields of cosmetic medical lasers and dental implants. Infinity differentiates itself by offering "a hands-on approach to finance, building, systemization, branding, containment, training and development of its group of clinics. "
"We are excited to announce that the Titan procedure is available directly through Rejuvena," said Stefan Kim, CEO Infinity Medical Group. "With an estimated 2,000 Americans turning 50 every day (1 every 8 seconds) for the next 20 years we expect demand to be strong for the Titan procedure for many years to come. Clients have been successfully treated on many areas of the body including the face, chin, neck and stomach to remove post pregnancy stretch marks. Unlike other skin firming treatments, the non-invasive Titan Procedure is painless, requires no downtime and can be used on all skin types."
INVICTA GROUP INCORPORATED (OTCBB: IVIT | Quote | Chart | News | PowerRating) "Up 33.33% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/IVIT.php
Invicta Group Inc. is an Internet Media Company that specializes in the Travel and Entertainment Industry. The company has a subsidiary that uses the Internet as their media to generate revenues: Travel Hot Link links travel enthusiasts with products to fulfill their travel and entertainment needs. Travel Hot Link sells its Internet database of 25 million travel enthusiasts to Travel Suppliers that want to promote their discounted travel products: airline tickets, hotel rooms, tour packages, rental cars, cruise cabins, and more on the Internet 24/7. There are over 50 websites but the main 6 are: www.Travelhotlink.com, www.Cruisehotlink.com, www.Airhotlink.com, www.Hotelhotlink.net, www.Autohotlink.net, and www.Tickethotlink.com.
IVIT News:
July 21 - Invicta Group Inc. Launches a New Profitable Division Projected Revenues Expected to Exceed $250,000 Annually
Invicta Group Inc. (OTCBB: IVIT | Quote | Chart | News | PowerRating) announces the launch of www.TicketHotLink.com, a new division to offer and process online ticket sales. Invicta group Inc. is blending its online traffic from over 50 websites, with its 25,000,000-email database, and the marketing power of its new marketing firm IMAGE Worldwide, Inc. (OTC: IMGW) to offer a new online service. This year the Company expects revenues of around $25,000; $100,000 in 2009 and $250,000 in 2010.
www.TicketHotLink.com allows online users to search 1000s of venues for 100,000s of tickets for sporting events, concerts, and other special events.
Invicta's CEO Paul Sorkin said, "Ticket sales offer a perfect tie-in for our online users looking for travel packages that may include airline tickets, hotel reservations, car rentals, and now tickets to that special event. We are going to continue to launch new divisions that will add to our bottom line over the coming months; with all of our divisions, we expect to see healthy growth over the coming months and years."
ABOUT IMAGE WORLDWIDE, INC.
IMAGE Worldwide, Inc. (OTC: IMGW) is a full service interactive multimedia marketing and advertising agency. IMAGE is vertically integrated with properties including a concert/nightclub venue, fashion/entertainment magazine, high-end direct mailing book, IT solutions company, along with other promotional and marketing companies. IMAGE utilizes a combination of different forms of media and promotions to help clients showcase and market their IMAGE in print, Internet, event planning, radio, and TV.
FRANKLIN MINING INCORPORATED (OTC: FMNJ | Quote | Chart | News | PowerRating) "Up 28.57% on Tuesday"
Detailed Quote: http://www.otcpicks.com/quotes/FMNJ.php
Franklin Mining, Inc. primarily has mining and energy interests in the United States and Bolivia. It also holds various energy interests for the development and construction of gas-to-liquid facilities in Argentina. Franklin Mining, Inc. was formerly known was WCM Capital, Inc. The company was founded in 1864 and is headquartered in San Antonio, Texas with additional offices in La Paz and Santa Cruz, Bolivia and Buenos Aires, Argentina.
FMNJ News:
July 21 - Franklin CEO Returns to Bolivia; SGS of Canada's Lab Analysis of Escala Mine Indicates Significant Silver and Zinc Content
Franklin Mining, Inc. (OTC: FMNJ | Quote | Chart | News | PowerRating) (Frankfurt: FMJ.F) Chairman and President William A. Petty has returned to Bolivia to review and discuss the Escala's laboratory analysis and metallurgy reports prior to a full release of the mine's mineral content.
"I am encouraged by the reports and analysis received from the SGS Laboratory in Ontario, Canada. The 250 samples taken from Escala in June 2008, packaged and shipped following the Colorado School of Mines' prescribed procedures, are indicating significant silver and zinc content." Mr. Petty continued, "Even though we've not yet fully completed the review process, I have begun preparing a recommendation for approval of further capital investment in our Escala operation."
Franklin's Escala managers, geologist and engineer will review the reports this week and discuss them with Fernando Infante, Executive Vice President, and Howard Dunn, Vice President of Operations, International Mining, before releasing the full report.
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