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.
DEMATCO INCORPORATED (OTCBB: DMAT | Quote | Chart | News | PowerRating) "Up 128.57% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/DMAT.php
Dematco is engaged in the business of dematerializing or converting financial instruments from paper form to electronic form. The Company specializes in hitherto untraded or untradeable paper instruments allowing them be traded electronically on exchanges or exchange platforms on a peer to peer basis.
DMAT News:
September 29 - Dematco, Inc. and Private Trading Systems PLC Enter Agreement to List and Trade Dematerialized Senior Life Settlement Units with Instantaneous Clearance and Settlement in Real Time
Dematco, Inc. (OTCBB: DMAT | Quote | Chart | News | PowerRating) announced that it has entered into an agreement with Private Trading Systems PLC (PlusMarkets: PTSP) to list, trade and clear the Senior Life Settlement Units (SLSU) dematerialized by the Company. Dematco, Inc. converts all manner of paper instruments into electronically transferable units and has recently reported three contracts to dematerialize over $180,000,000 face value of SLSUs. Private Trading Systems PLC (PTS) operates a platform for trading financial instruments in electronic form with instantaneous clearance and settlement in real time. Dematco will dematerialize, list, and then trade SLSUs on the PTS trading platform known as PETS.
The terms of the agreement between Dematco and PTS provide that Dematco will pay to PTS fees representing ten percent (10%) of the fees that it receives from its customers for the dematerialization process, and twenty percent (20%) of the fees it receives from its customers for creating sub-products based upon their interests in the SLSUs. Dematco's fees to its customers are based on the face value of the SLSU: the Company charges two percent (2%) of the face value of the SLSU upfront, and three percent (3%) of the face value of the SLSU upon completion of the sub-product or strip-unit dematerialization. The fees are generated upon listing and trading of the SLSUs and their sub-products.
PTS will thereafter pay to Dematco twenty percent (20%) of the fees that it receives from customers who list and trade their SLSUs, and sub- products of those SLSUs, on the PETS trading platform.
Robert Stevens, Chairman of Dematco states, "This is an exciting move for Dematco; we can now offer to dematerialize and trade worldwide with instantaneous settlement using the PTS platform known as PETS. We are unaware of any other system that offers complete, seamless, real-time integration and trading of dematerialized SLSUs. Working together with PETS to develop strategic partnerships, Dematco is initially dematerializing insurance products. We expect to market to the issuers of all forms of financial instruments including private equities, public equity, convertible and straight bonds, and asset-backed instruments at international banks, trust companies, brokers and exchanges. Dematco anticipates substantial order flow based on this agreement and PETS scalability. We expect to further expand on our efficient and effective management of SLSUs and SLSU sub-products."
PETS has been designed to be modular so that any part of the system can be hosted anywhere worldwide. This will enable Dematco to anticipate meeting different commercial needs by taking advantage of different regulatory regimes for different parts of the system.
ABOUT PTS
PTS develops turnkey exchanges for all types of assets to which an individual identifying number can be assigned or created. The PTS platform known as PETS is a quick, effective and proprietary venue for secure, clean and efficient electronic transaction processing on a peer to peer basis. It is designed to preclude specific forms of trading of any form of financial instrument for which it provides exchange services. The intention of the Company is to offer an "exchange environment access" through a unique design of exchange services and proprietary integration of functions that is not currently available anywhere in the world. The Company is based in London and has representative offices in Geneva and New York.
LAIDLAW ENERGY GROUP (OTC: LLEG | Quote | Chart | News | PowerRating) "Up 71.43% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/LLEG.php
Laidlaw Energy is engaged in the development of independent power plants that generate electricity from renewable resources, with a particular emphasis on biomass power. Laidlaw Energy's mission is to build and manage a profitable portfolio of biomass facilities through the development of new facilities and acquisition of existing facilities, and in so doing become the leading supplier of biomass power in the United States. Laidlaw Energy is headquartered in New York, New York.
LLEG News:
September 29 - Laidlaw Reaches Agreement with Public Service Company of New Hampshire for Power Purchase Agreement for New Hampshire Biomass Project
Laidlaw Energy Group, Inc. (OTC: LLEG), through its affiliate, Laidlaw Berlin BioPower, LLC ("Laidlaw"), announced that it has reached agreement with Public Service Company of New Hampshire ("PSNH") on the material terms of a contemplated 20-year power purchase agreement for Laidlaw's Berlin, New Hampshire Biomass Energy Project (the "Berlin Project"). The agreement between the parties contemplates the sale of 100% of the Berlin Project's electric output, capacity and renewable energy certificates to PSNH over the 20-year term. The Berlin Project is expected to have a gross capacity of 66 megawatts, making it one of the largest biomass-energy plants in North America.
Commenting on the arrangement, Laidlaw President and CEO Michael Bartoszek stated, "This is an important milestone in the development of the Berlin Project. Having a guaranteed source of revenue over the term of this agreement from a highly credit-worthy customer like PSNH adds tremendous value to this project. We look forward to being an important part of New Hampshire's energy future as the state shifts toward renewable electricity generation to meet its Renewable Portfolio Standard and greenhouse gas commitments."
The agreement between the parties is subject to the execution of a definitive power purchase agreement, as well as approval by the New Hampshire Public Utilities Commission.
"The development of new native sources of renewable energy is essential for New Hampshire's energy future," said Gary Long, PSNH president and chief operating officer. "The purchase of power from the Berlin Project will help us to meet the requirements of the state's Renewable Portfolio Standard and add to our portfolio of CO2-neutral energy sources."
ABOUT THE BERLIN, NH BIOMASS-ENERGY PROJECT
The Berlin project involves the conversion of the former Fraser Paper pulp mill site into a highly advanced biomass-to-energy project that is expected to export approximately 60 megawatts of renewable energy to the New England power grid and utilize over 700,000 tons of clean wood biomass chips per annum. The project involves a capital investment of approximately $100 million and is expected to directly employ 40 skilled workers and create over 500 indirect jobs. Once completed, the plant is expected to be among the largest and most environmentally advanced biomass-energy plants in North America.
ABOUT PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
Public Service of New Hampshire is the Granite State's largest electric utility, serving more than 490,000 homes and businesses. The company is keenly interested in efforts to support new sources of renewable energy that complement New Hampshire's unique environment. In 2006, PSNH developed, with the support of a number of partners, Northern Wood Power - a project that replaced a 50 megawatt coal boiler with a state-of-the-art 50 MW wood boiler at Schiller Station in Portsmouth, NH. The U.S. EPA cited the successful collaboration in presenting Northern Wood Power with the EPA Clean Air Excellence Award in 2008.
ELRAY RESOURCES INCORPORATED (OTCBB: ELRA | Quote | Chart | News | PowerRating) "Up 55.38% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/ELRA.php
Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of four highly prospective, heavily mineralized mining tenements in Cambodia and Mexico. Elray Resources primary objective is to source potential and viable projects, conduct geological assessments and seek Joint Venture partners to develop the properties. Elray Resources 100% controlled entity in Cambodia is Angkor Wat Minerals Ltd.
ELRA News:
September 29 - Elray Resources Provides Overview to Analhi Project Located in Mineral-Rich Region
Gold Price Could Increase From Proposed Financial Bailout Plan
Elray Resources, Inc. (OTCBB: ELRA), a technically driven gold and precious mineral exploration company, recently provided an overview of the Analhi Project, located in a mineral-rich region of Sinaloa, Mexico.
The Analhi Project is located 50 kilometers to the east of Guasave City at Sinaloa state, about 10 kilometers from water and power supplies, 30 kilometers away from a railroad station and about 120 kilometers from the pacific sea port of Topolobampo.
Mexico is amongst the world's largest metal producers and represents a major mineral exploration ground. In a report on the mining industry written by Cecilia Costero, she describes Mexico as almost entirely mineralized with an estimate of 85% of mineral reserves yet untouched despite the 10,380 mines which have already been exploited.
And, Ned W. Schmidt, publisher of The Value View Gold Report, predicted that gold may well benefit from the proposed government financial bailout plan. "With the Federal Reserve now forced to monetize vast quantities of U.S. government debt, Federal Reserve credit will grow rapidly. As that is base from which money is created, quantity of dollars will grow. As quantity of dollars rises, the value or price of those dollars will decline."
He continued, "As that happens, the dollar value of gold will rise. The U.S. financial bailout plan in essence puts a rising floor under the dollar price of gold."
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
