Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

OTCPicks.com: OTCPicks.com Stocks to Watch for Monday, November 10th CYCL, PTYA, WNBD, HMIT

Mon. November 10, 2008; Posted: 03:56 AM
Stocks RSS
Nov 10, 2008 (M2 PRESSWIRE via COMTEX) -- WNBD | Quote | Chart | News | PowerRating -- Our Stocks to Watch tomorrow include Centennial Communications Corp. (Nasdaq: CYCL), Penn Treaty American Corp. (OTC: PTYA), Winning Brands Corp. (OTC: WNBD | Quote | Chart | News | PowerRating) and Hidalgo Mining International Inc. (OTC: HMIT).

Visit http://www.otcpicks.com to register for our Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts.

CENTENNIAL COMMUNICATIONS CORPORATIONS (NASDAQ: CYCL | Quote | Chart | News | PowerRating) "Up 10.66% on Friday"

Detailed Quote: http://www.otcpicks.com/quotes/CYCL.php

Centennial Communications (Nasdaq: CYCL), based in Wall, NJ, is a leading provider of regional wireless and integrated communications services in the United States and Puerto Rico with approximately 1.1 million wireless subscribers and 596,700 access lines and equivalents. The U.S. business owns and operates wireless networks in the Midwest and Southeast covering parts of six states. Centennial's Puerto Rico business owns and operates wireless networks in Puerto Rico and the U.S. Virgin Islands and provides facilities-based integrated voice, data and Internet solutions. Welsh, Carson, Anderson & Stowe is a significant shareholder of Centennial.

CYCL News:

November 7 - AT&T to Acquire Centennial Communications, Enhance Service for Wireless Customers and Businesses

AT&T Inc. (NYSE: T) and Centennial Communications Corp. (Nasdaq: CYCL | Quote | Chart | News | PowerRating) announced that AT&T plans to acquire Centennial, a regional provider of wireless and wired communications services, for $944 million in cash. The transaction will enhance AT&T's wireless coverage for customers in largely rural areas of the Midwest and Southeast United States and in Puerto Rico and the U.S. Virgin Islands. With the addition of Centennial's wired network in Puerto Rico, AT&T will also be able to better serve the company's business customers who operate there.

As a result of the acquisition, Centennial's 1.1 million wireless subscribers - many of them in rural areas - will have access to the wireless network with the best global coverage and to the nation's premier lineup of innovative wireless devices, including iPhone 3G, an AT&T exclusive. Centennial's customers who choose select smartphones - such as the BlackBerry BoldTM, another AT&T exclusive - and AT&T LaptopConnect cards will also enjoy free access to the nation's largest Wi-Fi network.

"Mobility is a vital investment area for AT&T and our company's biggest growth driver," said Ralph de la Vega, president and chief executive officer of AT&T Mobility and Consumer Markets. "This transaction enhances network coverage for our consumer and business customers and is expected to create long-term value for AT&T's stockholders."

"This acquisition offers important benefits for wireless customers of both AT&T and Centennial," de la Vega said. "Our existing customers will enjoy a better on-network calling experience in the current Centennial roaming areas. And Centennial customers will have access to a mobile-to-mobile network of nearly 75 million subscribers, AT&T's national and international roaming capabilities, our terrific device offerings and our great portfolio of applications and services."

The Centennial acquisition demonstrates AT&T's commitment to continuously enhance network quality and coverage for its wireless customers. The addition of Centennial's high-quality 850 MHz spectrum will improve service quality for AT&T customers in parts of Indiana, Louisiana, Michigan, Mississippi, Ohio and Texas.

Centennial also provides switched voice and high-capacity data and Internet Protocol solutions for business customers in Puerto Rico. The transaction gives AT&T a network presence in Puerto Rico and will allow the company to better serve its multinational business customers with a presence in this U.S. territory.

"Centennial has a 20-year history of doing what is best for our customers, and this transaction is a natural next step for us," said Michael J. Small, CEO of Centennial. "As a result of this merger, our wireless customers will enjoy greatly expanded network coverage and access to AT&T's wide range of innovative products and services. Our business customers will benefit from AT&T's expertise in delivering networking services and solutions to businesses of all sizes.

"I thank our associates for their dedication and hard work in always rising to the challenges of our rapidly changing industry, and I take pride that our company will become part of a world-class organization like AT&T."

Under terms of the agreement, Centennial stockholders will receive $8.50 per share for a total equity price of $944 million. Including net debt, the total enterprise value is approximately $2.8 billion. AT&T expects the proposed transaction to deliver significant value to its stockholders. The acquisition offers opportunities for synergies in areas including corporate overhead, advertising, customer care and network operations. In the first year after the transaction closes, AT&T expects minimal dilution to EPS and cash flow, driven by upfront integration costs.

The acquisition is subject to regulatory approval, the approval of Centennial's stockholders and other customary closing conditions. Welsh, Carson, Anderson & Stowe, Centennial's largest stockholder, has agreed to vote in support of this transaction. AT&T is working to obtain approvals by the end of the second quarter of 2009.

Centennial's 1.1 million wireless customers are in Puerto Rico and the U.S. Virgin Islands as well as in Kalamazoo, Cass City, Newaygo, Battle Creek, Benton Harbor, Jackson, Roscommon, Allegan, Grand Rapids, Lansing, Muskegon and Saginaw-Bay City, Mich.; Miami, Kosciusko, Huntington, Kokomo, Muncie, Anderson and Lafayette, Ind.; Lima and Findlay-Tiffin and Williams County, Ohio; Lafayette, Alexandria, Iberville, Bastrop and Lake Charles and Caldwell, West Feliciana, Beauregard and DeSoto parishes, La.; Beaumont-Port Arthur, Texas; and Claiborne and Copiah counties, Miss.

About AT&T

AT&T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. In 2008, AT&T again ranked No. 1 on Fortune magazine's World's Most Admired Telecommunications Company list and No. 1 on America's Most Admired Telecommunications Company list.

PENN TREATY AMERICAN CORPORATION (OTC: PTYA | Quote | Chart | News | PowerRating) "Up 107.69% on Friday"

Detailed Quote: http://www.otcpicks.com/quotes/PTYA.php

Penn Treaty, through its wholly owned direct and indirect subsidiaries, Penn Treaty Network America Insurance Company, American Network Insurance Company, American Independent Network Insurance Company of New York, Network Insurance Senior Health Division and Senior Financial Consultants Company, is primarily engaged in the underwriting, marketing and sale of individual and group accident and health insurance products, principally covering long term nursing home and home health care.

PTYA News:

November 7 - Penn Treaty Completes Sale of Agency Subsidiary to LTC Global

Penn Treaty American Corporation (OTC: PTYA | Quote | Chart | News | PowerRating) announced that on November 5, it sold 100% of the common stock ownership in its subsidiary, United Insurance Group Agency, Inc. of Milford, Michigan ("UIG") to LTC Global, Inc., a Nevada corporation ("LTC Global").

The net purchase price of $14.25 million is comprised of (1) $1 million in cash, (2) $10.25 million as a promissory note, payable upon the earlier of (i) 120 days from November 5, 2008 or (ii) the completion of executed commission assignments, which Penn Treaty believes the majority of which will be completed within 60 to 90 days, and (3) $3 million to be paid in installments as future commissions are paid to UIG by Penn Treaty's subsidiary insurers, which Penn Treaty anticipates will be repaid within approximately two to three years. In addition to the net purchase price, Penn Treaty will retain approximately $3 million in cash and cash equivalents held by UIG at September 30, 2008. Penn Treaty has also received approximately $4.5 million in dividends and tax provisions from UIG in 2008.

At September 30, 2008, UIG had a book value of approximately $5.5 million, which excludes the cash and cash equivalents being retained by Penn Treaty. Penn Treaty will record a gain, net of taxes, of approximately $8.5 million on the transaction. The proceeds of the sale will be retained by Penn Treaty for parent company operations and for surplus infusion to its subsidiary insurers as necessary.

Penn Treaty expects to host an investor conference call within the next several weeks to discuss this transaction and other developments within its strategic alternative process.

WINNING BRANDS CORPORATION (OTC: WNBD | Quote | Chart | News | PowerRating) "Up 50.00% on Friday"

Detailed Quote: http://www.otcpicks.com/quotes/WNBD.php

Winning Brands Corporation manufactures Winning Colours Stain Remover for consumer and commercial use as an eco-responsible alternative to traditional solvents. It is gaining popularity for its remarkable gentleness to skin and delicate surfaces, while still being a powerful and versatile stain remover. Main production takes place at the Grand Rapids, Michigan facility of Surefil LLC. Winning Brands' full product range includes a variety of advanced cleaning solutions, such as its non-toxic SMART Wet Cleaning liquid alternative to Perchloroethylene used in dry cleaning, KIND Laundry Products and CLEAN1 - the first choice in outdoor cleaning. The company's mission is to replace hazardous chemicals in widespread use with safer alternatives. The initial focus is on cleaning products.

WNBD News:

November 7 - ABC's 'Extreme Makeover: Home Edition' Families to Receive Winning Brands Cleaning Products

Winning Colours Stain Remover, KIND Laundry Products and CLEAN1 Spray Cleaner Included

Winning Brands Corporation (OTC: WNBD | Quote | Chart | News | PowerRating) (Frankfurt: WMU) that its eco-responsible cleaning solutions will be supplied to families who receive the makeovers of their homes in the popular reality TV program "Extreme Makeover: Home Edition." The cleaning solutions from Winning Brands are being increasingly appreciated by consumers for their gentleness while still delivering cleaning performance that meets or exceeds expectations for national brand products in their categories. The lucky families returning to their renewed houses will now find Winning Brands products waiting for them as the families get a start fresh in their lives.

Winning Brands CEO Eric Lehner comments on the significance of this development for Winning Brands. "Mature, long-term relationships in the community involve shared goals and special projects," says Lehner. "We're pleased to partner with the show's producers and the other contributors to these transformations. The show is a symbol of what creative thinking can do. Winning Brands is known for its creativity, so it's a good fit all around." Winning Brands Snr. VP Lorne Kelly adds, "As I travel across America, it's the new friendships that I most appreciate. It's a great time to be involved in renewal of all kinds that is going on around us. Winning Brands likes being a positive force in that equation."

In the category of easy paint clean-up and stain removal, Winning Colours Stain Remover is gaining fans for its kindness to skin despite its unusual ability to clean-up most paint messes and stains for which solvents where previously the only alternative. Winning Colours Stain Remover is also safe to use on most textiles, making it easier to remove drips, drops and disasters from clothing, upholstery, and carpeting. KIND Laundry Detergent and KIND Fabric Softener are for household washables, but also benefit from advanced knowledge gained in the field of professional wet cleaning, the new professional garment care alternative to traditional dry cleaning. KIND laundry products are a new start for a family's laundry needs that are kind to the environment and kind to clothing. CLEAN1 Spray Cleaner is a new all-purpose and outdoor solution that is increasingly popular amongst those who know about it because of its versatility in the all-purpose category. The products were developed in Canada, where they are more widely available and are now manufactured in the U.S.A. as well as Canada for North American demand.

HIDALGO MINING INTERNATIONAL (OTC: HMIT | Quote | Chart | News | PowerRating) "Up 15.00% on Friday"

Detailed Quote: http://www.otcpicks.com/quotes/HMIT.php

Hidalgo Mining International (OTC: HMIT), an innovative mining company headquartered in Port Washington, NY, strives to increase shareholder value, while implementing aggressive plans to continue targeting near term mining production projects on a global scale. HMIT's management, directors, and advisors hold an abundance of experience and knowledge to implement expansion in this rapidly growing industry.

HMIT News:

November 6 - Hidalgo Mining International Announces an LOI to Joint Venture North Bay Resources Inc.'s Silver Leaf Property

Hidalgo Mining International (OTC: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announced that it has signed a Letter of Intent with North Bay Resources Inc. (OTC: NBRI) to enter into a joint venture for the development of North Bay's Silver Leaf Property. The terms of the Agreement will be announced once a final Agreement has been executed.

ABOUT THE SILVER LEAF PROPERTY

The Silver Leaf Property is located 8 kilometers east-northeast of Slocan, BC. The property consists of 10 claim units, which cover approximately 2,378 hectares (5,874 acres). The property includes the past-producing Silver Leaf, Riverside, Slocan Prince, Hampton, Bondholder, Dumac, Westmont, Neepawa, and Mabou mines.

British Columbian government records, known as MINFILE, show that previous mining operations at the Silver Leaf mine have produced an average of 598 grams (19.2 ounces) per ton silver and the Riverside produced an average of 1,534 grams (49 ounces) per ton silver. Past production from the Slocan Prince mine averaged 10,000 grams (321 ounces) per ton silver and the Hampton mine averaged 16,817 grams (540 ounces) per ton silver. As documented in Assessment Report 23054 report, a recently discovered vein has possible assays as high as 657 ounces per ton silver.

The Silver Leaf Property also includes the rights to the surface ore dump from the nearby Arlington mine. According to BC MINFILE 082FNW152 this surface ore represents proven reserves of 43,114 tons at 15.68 ounces per ton silver, or 676,238 ounces of silver.

Mark Daniel Klok, President of HMIT, stated: "As previously announced, we are pleased and excited to begin our long anticipated full production at the beginning of 2009. This joint venture exemplifies our aggressive plan to target near term production projects. Furthermore, it represents our focus on expanding globally by adding a North American property to our rapidly diversifying portfolio."

ABOUT NORTH BAY RESOURCES INC

North Bay Resources Inc. engages in the acquisition, management, and development of precious metal and other mining properties. By merging state-of-the-art technology with traditional acquisition targeting, the Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through its subsidiaries and partners to their full economic potential.

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.

For full details on Centennial Communications Corp (CYCL) click here. Centennial Communications Corp (CYCL) has Short Term PowerRatings of 5. Details on Centennial Communications Corp (CYCL) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [CYCL]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.