Stockguru.com: Stocks to Watch for December 1, 2008 - EDVC, NGLPF, WWEI, PLCSF, WAWL, and LMDCF

Dec 01, 2008 (M2 PRESSWIRE via COMTEX) -- WWEI | Quote | Chart | News | PowerRating -- Our Stocks to Watch today include : EnDevCo Inc. (OTCBB: EDVC), Nevada Geothermal Power Inc. (OTCBB: NGLPF), Welwind Energy International Corp. (OTCBB: WWEI), PLC Systems Inc. (OTCBB: PLCSF), Wawel Savings Bank (OTCBB: WAWL), and Lingo Media Corporation (OTCBB: LMDCF)

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EnDevCo Inc. (OTCBB: EDVC | Quote | Chart | News | PowerRating) Shares traded down 12.67% at $1.31

EnDevCo, Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the United States and South America. It holds development rights in two blocks in the Gulf of Mexico; and has agreement for exploration rights in the Rio Magdalena Valley of Colombia and Block XXIV in Peru. The company is also evaluating other opportunities located in Canada, South America, North Africa, and the Middle East. EnDevCo, Inc. was formerly known as Adair International Oil and Gas, Inc. The company was incorporated in 1980 and is based in Houston, Texas.

EDVC News Wednesday, EnDevCo announced that it has engaged one of the nation's leading investment banking firms to assist the Company in securing capital to finance substantial near term production and income growth. The firm has completed its due diligence, prepared a private placement memorandum and is currently in the market seeking financing for the Company. The funds from this anticipated capital raise will be utilized to repay EnDevCo's current lender and launch the aggressive Short Junction Field drilling campaign that has been in the planning stages.

Nevada Geothermal Power Inc. (OTCBB: NGLPF | Quote | Chart | News | PowerRating) Shares traded up 3.23% at $0.32

Nevada Geothermal Power Inc. is a renewable energy company developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP is committed to the geothermal industry and currently owns a 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all located in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of approximately 200 MW from the current leaseholds.

NGLPF News Friday, Nevada Geothermal Power announced that its board of directors has adopted a Shareholder Rights Plan (the "Rights Plan"). The objectives of the Rights Plan are to ensure, to the extent possible, that all shareholders of the Company are treated equally and fairly in connection with any take-over bid for the Company. Currently securities legislation only requires a take-over bid to remain open for 35 days. The Board believes that this period may be insufficient for the shareholders to evaluate a bid, or for the Board to pursue alternatives which could maximize shareholder value and make informed recommendations to shareholders. The Rights Plan was not adopted in response to, or in anticipation of, any acquisition or takeover offer. The Company is not aware of any pending or threatened takeover bid. In order to implement the Rights Plan, the board of directors has authorized the issuance of the rights to holders of its common shares at the rate of one right for each common share outstanding. For administrative convenience, the rights will automatically attach to the common shares and will be represented by certificates representing the common shares. No further action will be required by the shareholders. On the occurrence of certain triggering events, which includes the acquisition by a person or a group of 20% or more of the votes attached to all outstanding voting shares of the Company in a transaction not approved by the board of directors, the rights will entitle to holders (other than the acquiring person or group) to acquire new common shares of the Company at a significant discount to the market price. The rights are not triggered by purchases of voting shares made pursuant to a "permitted bid", which is a takeover bid made by way of a formal takeover bid circular to all holders of common shares on identical terms, which is open for a prescribed number days and is for a prescribed minimum number of the outstanding voting shares held by independent shareholders, and which permits shareholders who tender their shares to subsequently withdraw them before the closing date of the bid. The Rights Plan is effective upon its adoption by the board, however it is subject to acceptance by the TSX Venture Exchange and ratification by the Company's shareholders. The Rights Plan will be submitted to the shareholders for ratification at the Company's upcoming annual general meeting, scheduled for December 4, 2008.

Welwind Energy International Corp. (OTCBB: WWEI | Quote | Chart | News | PowerRating) Shares traded up 10% at $0.055

Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations. Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.

WWEI News Wednesday, Welwind Energy announced management update from Shannon de Delley, Welwind Director and Mark Sutin, Windcor Power Systems Engineer for their due diligence trip to China. Mr. de Delley met with officials of Hanergy to review their operational wind project. The project is a current joint venture with Ningxia Group and part of an operational 260 MW wind park. A review of company documentation including the power purchase agreement, the carbon credit program, and the audited financials all exceeded Welwind's expectations and are professionally maintained. A site visit of the operational wind park took place. Welwind management was very impressed with the professionalism and efficiency of the operation. The wind parks wind speeds are exceptional and provide a consistent wind speed to optimize the output of the wind turbines.

PLC Systems Inc. (OTCBB: PLCSF | Quote | Chart | News | PowerRating) Shares traded down 50% at $0.035

PLC Systems, Inc., a medical device company, develops technologies for the cardiac and vascular markets primarily in the United States. It manufactures CO2 Heart Laser System that is used to perform carbon dioxide transmyocardial revascularization to alleviate symptoms of severe angina. The company also develops RenalGuard, which is designed to reduce the toxic effects that contrast media can have on the kidneys that can lead to contrast-induced nephropathy, a potentially deadly form of acute kidney injury. In addition, it offers CO2 surgical laser tubes, as well as provides contract assembly services on general purpose CO2 lasers that it sells to a single customer on an original equipment manufacturer basis. PLC Systems was founded in 1987 and is based in Franklin, Massachusetts.

PLCSF News Wednesday, PLC Systems announced that it has received full approval from the U.S. Food and Drug Administration (FDA) for its U.S. pivotal trial to study the effectiveness of the Company's RenalGuard System(TM) and associated therapy in the prevention of Contrast-Induced Nephropathy (CIN). The FDA also approved PLC's request to expand their investigation from the 246 patients conditionally approved earlier this year to 406 patients and eliminate the requirement for an interim study analysis to be performed. As a result of this and other changes, the study is no longer considered an adaptive study. Mark R. Tauscher, President and Chief Executive Officer of PLC, said, "We are very pleased with the FDA's full approval to the Investigational Device Exemption (IDE) supplement we filed in February to study RenalGuard in the U.S. While we have deferred the onset of the trial pending receipt of funding to complete it, the investigator-sponsored clinical trial at the Cardiologico Centrino Monzino (CCM) - University of Milan in Italy is continuing, as are our commercialization efforts in Europe, under the CE Mark we received in late 2007. Full FDA approval of the IDE supplement is another major milestone on our path forward to commercializing RenalGuard(TM) in the U.S., and with its receipt, we are well-positioned to begin the trial with our targeted study sites, once we have the needed funding." Mr. Tauscher added, "We remain very confident that RenalGuard is a highly promising therapy addressing a large, unmet market need. We are optimistic that the results from the CCM study will provide critical validation for our technology, and support our efforts to raise funding for the U.S. pivotal study as well."

Wawel Savings Bank (OTCBB: WAWL | Quote | Chart | News | PowerRating) Shares traded up 15.38% at $8.25

Wawel Savings Bank is a community oriented banking institution that operates from its full service main office in Wallington, New Jersey and branch office in Garfield, New Jersey. The Bank's deposits are insured by the Federal Deposit Insurance Corporation.

WAWL News Wednesday, Wawel Savings Bank announced that the Bank will pay a cash dividend. The special dividend of $.125 per share is the seventh consecutive dividend paid by the Bank and represents a 19% increase over its last dividend paid in July of this year. The cash dividend will be payable to stockholders of record as of December 10, 2008 and will be paid on December 19, 2008.

Lingo Media Corporation (OTCBB: LMDCF | Quote | Chart | News | PowerRating) Shares traded down 3.85% at $1.25

Lingo Media Corporation is a diversified online and print-based education product and services corporation. Lingo Media's Speak2Me Inc. subsidiary is a new media company that focuses on online advertising in China via its Internet-based English Language Learning portal. In China, where the Company has extensive industry and Government contacts built up over the past decade, Lingo Media continues to expand its legacy business via its subsidiary Lingo Media Learning Inc. ("Lingo Learning"), a print-based publisher of English Language Learning programs in China since 2001. Lingo Learning has an established presence in China's education market of 200 million students. To date, it has published 244 million units from its library of more than 340 program titles in China. In Canada, Lingo Media focuses on early childhood cognitive development, through its subsidiary A+ Child Development Ltd., ("A+") which distributes educational materials along with its unique curriculum. A+ has been operating in Canada for over ten years through its four offices in Calgary, Edmonton, Toronto and Vancouver. Lingo Media plans to introduce A+'s learning system and products to parents of pre-school children in China.

LMDCF News Wednesday, Lingo Media announced that its wholly-owned subsidiary, Speak2Me Inc., a state-of-the-art online English language learning service has signed Mercedes-Benz (China) as its launch Conversational Advertising(TM) client. The three-month "Smart Cities" campaign will launch in May 2009 to coincide with the introduction of the smart fortwo line in China. The campaign will allow users to engage in a virtual world tour, beginning with Paris, Rome and San Francisco. In each city, users will be guided on an insider's tour by a virtual native. Using Speak2Me's unique interaction platform, the users will speak to their guides in free-flowing conversations, helping them learn about the city's attractions and culture, pick up a few phrases in the local language, and improve their conversational English. "We're very excited to have smart as our launch client," said Michael Kraft, CEO of Lingo Media. "International travel and car ownership are part of the lifestyle aspirations of the hundred-million-plus young professionals and students who are studying English in China today. Mercedes immediately saw the potential of building brand affinity through Speak2Me, and the ongoing Smart Cities will associate the smart brand with the user's lifestyle aspirations."

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