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SOUTHRIDGE ETHANOL INCORPORATED (OTCBB: SRDG | Quote | Chart | News | PowerRating) "Up 17.86% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/SRDG.php
Company Profile: http://www.otcpicks.com/southridge-enterprises/southridge-enterprises.htm
Southridge Ethanol, Inc. is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is actively acquiring and developing ethanol production facilities with a planned capacity of 60 million gallons per year and anticipates start-up of the first phase of these operations in 2007. Southridge Ethanol is headquartered in Dallas, TX.
SRDG News:
September 29 - Southridge Signs $35 Million Ethanol Sales Agreement
Southridge Enterprises, Inc. (OTCBB: SRDG | Quote | Chart | News | PowerRating) (the "Company") announced that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 15 million gallons of ethanol per year. Deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA (PES) from Brazil.
Over the last several quarters the company completed several similar ethanol sale transactions with European based buyers. However, this new transaction with JHTG is a direct result of our increased exposure from the Company's market awareness program in the Asian Pacific Rim. The Company expects this to be the second of many purchases to come from that region.
Dallas-based Southridge is developing ethanol plants in El Salvador and Brazil.
GREENCHEK TECHNOLOGY INCORPORATED (OTCBB: GCHK)
Detailed Quote: http://www.otcpicks.com/quotes/GCHK.php
Company Profile: http://www.otcpicks.com/greenchek-technology/greenchek-technology.htm
GreenChek Technology, Inc. manufactures and distributes hydrogen injection technology devices that primarily focus on mobile transportation applications and industrial generative power applications. It also provides mobile greenhouse gas emissions reduction technology. The company's Onboard Hydrogen Generation and Injection technology is used for emissions reduction technology and fuel economy enhancement in trucks, locomotives, and automobile engines. It has operations in the United States, Canada, Asia, and Europe. The company, formerly known as Ridgestone Resources, Inc., was founded in 2006 and is headquartered in San Francisco, California.
GCHK News:
September 29 - GreenChek Signs LOI With Technical Environmental Solutions Europe
GreenChek Technology Inc. (OTCBB: GCHK), a leading globally focused provider of hydrogen-based technology for mobile transportation and stationary power generation applications, announced that after months of a thorough selection process and collaborative negotiations they have signed a Letter of Intent (LOI) to form a Strategic Alliance with a world-class distributor, Technical Environmental Solutions Europe Ltd. GreenChek manufactures an emission reducing device simply known as the ERD 1.0, which can be retrofitted to any vehicle regardless of fuel source.
"We couldn't be more thrilled with this alliance," announced Lincoln Parke, GreenChek's President and Chief Executive Officer. "Partnering with TESEL allows us to move forward and execute quickly on our strategic plan which calls for rapid implementation in key European territories and vertical markets."
MEDSPAS OF AMERICA (OTC: MEDP | Quote | Chart | News | PowerRating) "Up 88.89% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MEDP.php
Medspas of America operates in a niche sector of the $72 Billion anti-aging market through two distribution channels, those being: (a) Internet retailing of a proprietary brand of cosmeceuticals; and (b) a small high-end chain of skin care boutiques and medspas to be developed over the next five years. The market is driven, primarily by 44 million female baby boomers who are living longer with unprecedented disposable income and want to look and feel better. 12,000 Americans turn 50 every day (1 every 8 seconds) and this will continue for the next 20 years.
MEDP News:
October 1 - MedSpas Updates Company Information on Pink Sheets
MedSpas of America Inc. (OTC: MEDP | Quote | Chart | News | PowerRating) (www.medspasofamerica.com) announced that the company has updated its current company information on www.pinksheets.com including current share structure.
Over the past several weeks, there has been some shareholder misunderstanding regarding the shares structure of the company. We are happy to provide all our shareholders with current information so as of today's date, the common stock outstanding for the company is 822,758,982 shares with 81,949,806 free trading shares in the float and certificate form.
GATEWAY FINANCIAL HOLDINGS INCORPORATED (NASDAQ: GBTS | Quote | Chart | News | PowerRating) "Up 13.83% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GBTS.php
Gateway Financial Holdings, Inc. is the parent company of Gateway Bank & Trust Co., a regional community bank with thirty-seven full-service financial centers -- twenty-one in Virginia: Virginia Beach (7), Richmond (6), Chesapeake (3), Suffolk, Norfolk, Charlottesville and Emporia (2); and sixteen in North Carolina: Elizabeth City (3), Edenton, Kitty Hawk (2), Moyock, Nags Head, Plymouth, Roper, Wake Forest, Wilmington, Chapel Hill, and Raleigh (3). The Bank provides insurance through its Gateway Insurance Services, Inc. subsidiary, brokerage services through its Gateway Investment Services, Inc. subsidiary, title insurance through its Gateway Title Agency, Inc. subsidiary, and mortgage banking services through its Gateway Bank Mortgage, Inc. subsidiary. The common stock of the Gateway is traded on the Nasdaq Global Select Market under the symbol GBTS.
GBTS News:
September 30 - Gateway Financial Holdings Concludes Capital Raise
Gateway Financial Holdings, Inc. (Nasdaq: GBTS), the holding company for Gateway Bank & Trust Co., announced that on September 29, 2008, it priced and sold 37,550 shares of its Series B Non-Convertible Non-Cumulative Perpetual Preferred Stock, raising gross proceeds of $37.55 million.
As was previously announced on September 24, 2008, Gateway entered into a definitive agreement with Hampton Roads Bankshares, Inc. (NasdaqGS:HMPR - News) ("HRB") whereby Gateway will be merged with HRB. The sale of additional capital to maintain the capital status of its subsidiary, Gateway Bank & Trust Co., as "well capitalized" is a condition to closing of the merger. Gateway expects the sale of the Series B Preferred Stock to satisfy this condition to consummation of the merger. The merger transaction is also subject to shareholder and regulatory approval. Gateway expects the merger to be consummated in the fourth quarter of 2008.
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