New book by Larry Connors - Click here to read more
Visit http://www.otcpicks.com to register for our Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts.
ECOLOGY COATINGS INCORPORATED (OTCBB: ECOC | Quote | Chart | News | PowerRating) "Up 222.06% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ECOC.php
Ecology Coatings, Inc. engages in the development of nano-enabled, ultra-violet curable, clean technology coatings that are designed to drive efficiencies and clean processes in manufacturing. It creates proprietary coatings with performance and environmental attributes by leveraging its platform of integrated nano-material technologies that reduce energy consumption. The company collaborates with industries to develop high-performance coatings for applications in the paper, automotive, general industrial, electronic, and medical sectors. It operates in the electronics, automotive and trucking, paper products, and original equipment manufacturer markets. The company was founded in 1990 and is headquartered in Bloomfield Hills, Michigan.
ECOC News:
September 3 - Ecology Coatings, a Clean Technology Leader, Announces Investment From Equity 11, Ltd. of Up to $5 Million
Proceeds to be used by company to expand sales, marketing, product development and materials production efforts
Ecology Coatings, Inc. (OTCBB: ECOC | Quote | Chart | News | PowerRating) (the "Company"), a leader in the development of patented nanotechnology-enabled, ultraviolet curable advanced materials, announced that Equity 11, Ltd. has invested in Convertible Preferred Stock in the Company with the option to invest up to $5,000,000. The funds received from the Preferred Stock issuance will be used to retire certain short-term debt obligations of the Company and help develop and expand Ecology Coatings' sales, marketing, product development and materials production activities.
Equity 11 is a private equity firm focused on investment of growth capital into companies that have strong value propositions and scalable business models. Equity 11 is unique and allows for flexibility in stage and structure of investment. Equity 11's flexible and open approach creates a remarkable opportunity for both investors and entrepreneurs. Managing partner JB Smith stated, "We are very pleased to have been able to make this investment in a company with the growth and earnings potential of Ecology Coatings. Equity 11's investment focus has previously been in security-related companies. We came in contact with Ecology Coatings by way of one of our security companies and recognized what we believe is a once-in-a-lifetime technology. Thus, we decided to branch out our investment scope and support Ecology. We believe that Ecology's ultraviolet light-curable, cost-effective and environmentally-friendly coatings technology will revolutionize the industry."
Added Richard D. Stromback, chairman and chief executive officer of Ecology Coatings, "With this capital infusion, we will advance our efforts to successfully commercialize the potential of our patented nanotechnology-enabled, ultraviolet curable coatings and materials products. With the proceeds of this investment, Ecology will expand its sales and marketing capabilities, improve its research and development efforts and construct state-of-the-art product testing and production facilities. We are delighted to have entered into this important relationship with an investor with the prestige, experience and technological foresight of Equity 11. We look forward to working with JB Smith and his team."
Further details concerning the Preferred Stock investment by Equity 11 into Ecology Coatings can be found in a filing the Company made with the United States Securities and Exchange Commission on August 29, 2008.
Ecology Coatings is the world leader in the patented development and manufacture of nanotechnology-enabled, ultra-violet curable, advanced materials that drive efficiencies and clean processes in manufacturing. Since its inception in 1990, the company has been singularly focused on the advancement of high-performance, energy-efficient, environmentally-sound coatings technologies. Today, Ecology Coatings' independent status and reputation as a leader in coatings research has led many industry leaders to use Ecology as a testing ground for their products. This research has produced a line of proprietary, patent-pending, multi-functional coatings of superior performance, exhibiting a new set of properties that are suitable for a broad range of applications. The most important aspect of our technology is that these properties are achieved with a faster, more efficient process, and in an environmentally friendly manner. For information about Ecology Coatings, please refer to www.ecologycoatings.com .
ABOUT EQUITY 11 LIMITED
Equity 11, Ltd. is a private equity firm focused on investment of growth capital into companies that have strong value propositions and scalable business models. To date, Equity 11's investments have been primarily focused on companies providing Information and risk management services. Its portfolio includes: iSekurity, Stealth Holdings and RB&A, which collectively employ the largest collection of former federal law enforcement agents in the private sector. Equity 11 also has a special opportunities fund that focuses on emerging technologies in high-growth sectors such as cleantechnology. Based in Auburn Hills, Michigan, Equity 11 is committed to helping companies grow by infusing capital and leveraging the resources of its portfolio companies. Founded in 2007, its partners have over 100 years of combined experience in private equity investment.
COMSTOCK HOMEBUILDING COMPANIES (NASDAQ: CHCI | Quote | Chart | News | PowerRating) "Up 97.30% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/CHCI.php
Comstock Homebuilding Companies, Inc. operates as a real estate developer in the United States. The company primarily develops and builds single-family homes, townhouses, mid-rise condominiums, high-rise multi-family buildings, and mixed-use developments in suburban communities and high density urban infill areas. It serves first-time, early move-up, secondary move-up, and empty nester move-down buyers primarily located in Washington, D.C.; Raleigh, North Carolina; Atlanta; and Georgia markets. The company also engages in the development, redevelopment, and construction of residential mid-rise and high-rise condominium complexes. As of December 31, 2007, Comstock Homebuilding built and delivered approximately 5,000 homes. The company was founded in 1985. It was formerly known as Comstock Companies, Inc. and changed its name to Comstock Homebuilding Companies, Inc. in 2004. The company is headquartered in Reston, Virginia.
CHCI News:
September 2 - Comstock Homebuilding Companies, Inc. Eliminates $32.7 Million of Debt Through Friendly Foreclosure Agreement With BB&T
Comstock Homebuilding Companies, Inc. (Nasdaq: CHCI | Quote | Chart | News | PowerRating) and certain of its subsidiaries (collectively "Comstock" or the "Company") announced that on Friday, August 29, 2008 it had entered into a foreclosure agreement ("Agreement") with Branch Banking and Trust Company ("BB&T") with respect to approximately $32.7 million of the Company's $144.0 million of secured debt. Under the terms of the Agreement, the Company agreed to cooperate with BB&T with respect to its foreclosure on certain of the Company's real estate assets and BB&T agreed to provide the Company a full release from its obligations with no deficiency liability post-foreclosure. The foreclosure agreement covers properties in Virginia and Atlanta. Comstock will retain pre-sold lots in Atlanta which are not included in the foreclosure.
"As previously announced we are working to restructure a significant portion of our debt to ensure our ability to survive what has turned out to be the worst cyclical market downturn in a generation. We are pleased with the results of our negotiation with BB&T and consider this an important first step in our plan to reposition Comstock to meet current market challenges," said Christopher Clemente, Comstock's Chairman and Chief Executive Officer. "We continue to focus on similar negotiations with certain other lenders and remain optimistic regarding the outcome of those negotiations."
It is expected that on September 2, 2008 BB&T will complete the foreclosure process on select lots at Maristone, James Road, Wyngate and Glen Ivy, all in the Atlanta, Georgia market and that on or before September 30, 2008, BB&T will complete the foreclose process on the collateral securing the Company's debt at two projects in Virginia, Barrington Park and Woodlands of Round Hill. The Company announced that in anticipation of this agreement it had recorded impairment charges related to the BB&T collateral in the quarter ending June 30, 2008 and as a result the Company does not anticipate any material future write-offs as a result of the Agreement or the foreclosures.
MONARC CORPORATION (OTC: MONA | Quote | Chart | News | PowerRating) "Up 75.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MONA.php
Monarc Corporation was formed in 2000. The company acquired multiple subprime short term lending companies for the B2C marketplace doing business under the brand name "Cash Now" in 2003. The company also had an array of other financial products such as IFGX and Cash Next under development for the B2B marketplace; such as invoice discounting and factoring. In 2005 the company suffered a setback with 4 consecutive strikes of hurricanes of 2005 while domiciled in Florida. Unable to operate on a day to day basis without interruptions, the company was delisted from being am SEC reporting issuer soon after and consequently its stock was re-ranked as an unsolicited stock and 2006 was a reconstructing year. The company used the time out to raise capital with the issuance of preferred convertible shares. Soon after, in January 2007, it resumed operations. With the sweeping changes in the subprime industry and with most of the States and Provinces restricting this product use the company looked at different industries. In 2007, it launched a Check 21 product and a Forex division and looked towards China as a growth market. In late 2007 MONA sold these aforementioned operating assets to a China-based company and the proceeds of that sale were distributed to its shareholders. In early 2008, MONA looked for another growth industry and decided to enter beverage control. The company acquired 3 start-up entities in the hospitality control industry. In December 2007, the controlling interest of Monarc was purchased by Brookcor Holdings, on an all cash and stock basis. Those businesses were spun out several months later and the paid stock returned to the treasury. MONA identified a China-based mass distribution company and completed a reverse merger with them through their Belize holding company Fulushu Limited in June 2008. The company continues operating these entities as it nears completion of the development of its B2B product line. The company is also currently in a process of filing certain documents to remove the warning sign from the Pink Sheets quotation system and to again become a solicited company, with future plans on becoming an SEC reporting issuer. MONA is also taking measures to raise the pink sheets ranking from "Yield limited information" to a "pink check mark status."
MONA News:
September 2 - MonArc Corporation Announces Change Of Corporate Direction
MonArc Corporation (OTC: MONA | Quote | Chart | News | PowerRating) (www.monacorporation.com) announced that it is in the process of liquidating certain assets, and operating subsidiaries to 2 or possibly 3 different buyers.
Once the aforementioned sale of assets transaction is completed MONA would itself be bought out on all cash basis by a Chinese based Direct Marketing Company MCD. MCD intends to fully complete the Corporate Compliance to achieve a solicited issuer status. MCD is also desirous to add its 7,000 plus current shareholder base to MONA.
In the unlikely event for whatever reason this Corporate Compliance threshold cannot be met then the issuer intends to amend its corporate resolution to become a USA based Special Purpose Acquisition Company (SPAC).
One of the unique characteristics that MONA can offer is a constant dividend to its shareholders in all of these various China based companies.
The issuer has filed a comprehensive Corporate Update Filing on Pink Sheets, which can be viewed by visiting this link directly:
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=1694 5
MONA management believes that it is an excellent candidate to be a SPAC Company. With these aforementioned asset sales and spin outs it would represent 3 separate dividend payouts in 2008 for the issuer.
NEWMARKET LATIN AMERICA INCORPORATED (OTC: NLAI | Quote | Chart | News | PowerRating) "Up 36.36% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/NLAI.php
NewMarket Latin America provides world-class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries. NewMarket Latin America deliver solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America. NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.
NLAI News:
September 3 - NewMarket Latin America, Inc. Resumes Trading With Plans for All SEC Required Filings to Be Current in 45 Days
New Market Latin America, Inc. (OTC: NLAI | Quote | Chart | News | PowerRating) resumed trading yesterday after a ten-day trading suspension. On August 18, 2008, the Securities and Exchange Commission (SEC) temporarily suspended trading of the Company's common stock. The suspension ended on August 29th at 11:59 pm EDT and as of yesterday, the Company's common stock is eligible for trading.
The former name of NewMarket Latin America and the name still reflected on the SEC Website is Paragon Financial Corp. Paragon Financial Corp. became delinquent in its filings before being renamed NewMarket Latin America and having new management appointed. Current management has been working with former management to resolve past comment letters, the resolution of which are necessary to bring the Company current with its SEC financial reporting requirements.
SEC Hearing Set The SEC has set a hearing on September 15, 2008 at 9:30 am EDT in Washington, D.C. regarding the suspension of trading and possible actions by the SEC due to the delinquent filings. The SEC will review the Company's filing status and consider whether a further suspension or revocation of registration is appropriate in response to the specific findings regarding the Company's current filing status.
NewMarket Latin America, Inc. Plan to Bring Filings Current in 45 Days
The Company plans to bring all of its filings current in the next 45 days and is working diligently to complete as much as possible by the end of September.
NewMarket Latin America intends to argue to the SEC that further suspension of trading is unnecessary, and that a revocation of registration is likewise unnecessary as the Company can be brought current.
Corporate E-mail Updates
To learn more about NewMarket Latin America's plans beyond its efforts to bring its public reporting current, or to be added to NewMarket Latin America's e-mail database to receive company updates, please send an e-mail to ir@newmarketlatinamerica.com or call 214-722-3065.
EXOSPHERE TECHNOLOGIES INCORPORATED (OTCBB: ESPH | Quote | Chart | News | PowerRating) "Up 25.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ESPH.php
Ecosphere Technologies, Inc. is a diversified water engineering and services company primarily focused on the natural gas industry. The Company provides water recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. Ecosphere's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Ecosphere has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems.
ESPH News:
September 3 - Ecosphere Technologies to Start Second Water Recycling Pilot Program in the Barnett Shale
Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, announced it has signed a letter of intent to enter into an Eco-Alliance Water Recycling Pilot Program with Tulsa, Okla.-based Williams.
The Letter of Intent calls for Ecosphere Technologies to provide its mobile water recycling services to Williams at select well sites in the Barnett Shale. Ecosphere and Williams will work closely to submit all forms and applications to the Texas Railroad Commission for final approval.
Dennis McGuire, President of Ecosphere, stated, "We are very honored that Williams has chosen to work with Ecosphere to help preserve, protect and enhance vital water resources and the quality of the environment in the Barnett Shale."
Williams' Bob Gibson stated, "As a company, we believe in responsible development and doing things the right way. We're committed to working with our neighbors and landowners in a manner that respects their local interests. We look forward to starting this effort, pending final approval from the Texas Railroad Commission."
With the growth potential of natural gas production in the Barnett Shale and greater Ft. Worth Basin, proactive steps are being taken by energy companies to protect the environment. Recycling flowback water at the well site with Ecosphere's Ozonix technology has the potential to reduce well completion costs by preserving precious water resources as well as decrease traffic and associated CO2 emissions from trucks hauling water to and from the drilling location.
ABOUT OTCPICKS.COM
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our web site or in our daily Newsletter or Market Mover's Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE: The OTCPicks.com employees are NOT Registered as an Investment Advisor in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold OTCPicks.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. OTCPicks.com has not been compensated by any of the companies covered in this release. For a complete list of disclosures go to http://www.otcpicks.com/disclosure-details.htm. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCPicks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCPicks.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTCPicks.com and its affiliates are not registered investment advisors or a broker dealers. OTCPicks.com has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. OTCPicks.com also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTCPicks.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCPicks.com. OTCPicks.com owners may or may not hold positions in the companies that are profiled.
The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.
Third Party Web Sites and Information:
OTCPicks.com and newsletter may provide hyperlinks to third party websites or access to third party content. OTCPicks.com does not control, endorse, or guarantee content found in such sites. You agree that OTCPicks.com is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that OTCPicks.com shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only.
CONTACT: Brian Dean, Publisher, OTCPicks.com Tel: +1 972 546 3740 e-mail: publisher@otcpicks.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
