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November 26, 2008: Hunt Gold Corporation (Other OTC:HGLC.PK) announced on November 14, 2008 the sale of its " Molybdenum" interests held through its subsidiary company, American Molygold Corp.
The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp, to the Purchaser. This transaction will be completed by mid January 2009.
The value of this disposal equates to US$0.0021 per 1 share of Hunt Gold Corporation Common Stock. The Company's stock is currently trading at US$0.0003 in the market. Once the value of the Company's 14 (fourteen) Gold Mining Properties, already significantly increased by the steady rise in the price of Gold, to this value, clearly demonstrates and reflects the huge discount to Net Asset Value at which the Company's stock is currently trading in the market. As announced on August 15, 2008, the Company announced that it intended to distribute all of the proceeds from the sale of American Molygold Corp to its stockholders upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock. This will result in a Stock Dividend payout to stockholders valued at US$0.0021 per 1 (one) share of Hunt Gold Corporation Common Stock. Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.
November 28, 2008: Intelligent Living Corp. ("ILVC") (Other OTC:ILVC.PK - News), a leading automation and technology solutions provider utilizing green building practices, announced today the Company has signed an exclusive agreement with Kilia Teknoloji ("Kilia"), a leading supplier of state-of-the-art integrated security management systems and access control systems. Kilia, based in Istanbul, Turkey, and ILVC will jointly offer security and automation technology to the commercial, institutional, industrial, single and multi-unit construction and major renovation markets in Turkey and the Middle East (www.akilliyasam.biz).
"Kilia is an ideal partner for ILVC because its presence in the security, remote monitoring and access control markets in Turkey and the Middle East opens significant new opportunities for our company," stated Michael Holloran, President and CEO of Intelligent Living. "By combining the complementary engineering expertise from our respective organizations, the partnership delivers an integrated security and automation solution to the growing Turkey and Middle East markets. This area of the world has become a safe haven for Middle East and Russian oil money and the rapid development of gated and secured single and multi-unit developments in western Turkey has created an immediate need for our products and services. ILVC and Kilia are working with Mr. Kazim Sari of PRO Associates (www.proassociates.net) to establish a strategic position and capitalize on opportunities in this region."
November 28, 2008: China Organic Agriculture, Inc. (OTCBB: CNOA - News), a diversified food products company capitalizing on China's consumer revolution, today released a letter to shareholders from Jinsong Li, Chief Executive Officer, updating investors regarding recent developments at the Company.
My Fellow Shareholders: It is my extreme pleasure to speak with you today and bring you details of our various initiatives as well as discuss our future plans. While the stock markets are challenging, China Organic Agriculture continues to deliver outstanding shareholder value by executing our aggressive business plans to achieve consistent and exceptional growth in our revenues and earnings. Without losing any momentum--as a matter of fact our growth is accelerating on virtually all fronts--China Organic is in the process of transforming itself from an agricultural products company to a supplier and trader of upscale and high quality premium products such as California wines (which we will begin selling Fall 2009) as well as healthy, organic foods.
Our recent acquisition of Dalian Huiming, a major agricultural trading company with fiscal 2007 revenues and earnings of $40.2 million and $2.7 million, respectively, is the first of many planned and quickly accretive acquisitions. Our intention is to decisively move the Company into a leadership role by meeting the rising demand for specialty international and organic goods from the new and rapidly growing affluent middle class in Asia. To better reflect this new corporate direction, a number of branding initiatives will be employed. I will bring investors news of these specific measures in the days to come. Recently, we released our guidance for Q4 2008 and FY 2008. Let me recap: -- Q408 revenue of $54 million (vs. $15.7 million Q407), or an approximate 240% Quarter Over Quarter Revenue Increase -- FY08 revenue $113 million (vs. $44.5 million FY07), or an approximate 150% Year Over Year Revenue Increase -- Q408 net income $11 million (vs. $3.9 million Q407), or an approximate 180% Quarter Over Quarter Net Income Increase -- FY08 net income $20 million (vs. $13.5 million FY07), or an approximate 40% Year Over Year Net Income Increase -- Q408 EPS of $0.15 and FY08 EPS of $0.29 Let's drill down into those numbers. Investors will note that CNOA, courtesy of the current market volatility and global economic conditions, is trading at a price that roughly matches our earnings per share forecast of $0.29 for 2008, giving the shares a projected price-to-earnings of one. As well, with projected FY 2008 revenues of $113 million and a current market capitalization of approximately $22 million, it is apparent that our share price does not adequately reflect either our growth to date or potential against our revenue and earnings projections. I am confident that given those facts, our shares represent a very compelling investment opportunity. To support that contention, I recently made a personal investment of 500,000 shares of CNOA.
November 26, 2008: China West II yesterday announced it has filed an additional law suit in Miami Dade County, Florida state court against Genesis Pharmaceuticals (OTC Bulletin Board: GNPH), (Genesis) f/n/a Genesis Technology Group, Inc. (GTEC) and Genesis Equity Partners II (GEP II) for GEP II's failure to pay a $190,000 promissory note that became due in August 2008 and for Genesis failure to pay its guarantee of 75% of the amount due under the note. China West II is represented by Jeffrey Tew, Esq., Tew Cardenas, 15th Floor Four Seasons Tower, 1441 Brickell Avenue, Miami, FL 3331. Genesis is represented by Benjamin Olive, Esq., Olive & Associates, 2438 E. Las Olas Blvd., Fort Lauderdale, FL 33301. China Wind Systems traded as high as $6.00.
Market Wrap for Friday, November 28, 2008:
The Thanksgiving holiday made for a short week of trading, yet the major indices still made huge moves that no doubt left investors something added to be thankful for when the closing bell rang Friday.
Government action was a key catalyst for this week's rally, as a rescue of Citigroup (C), the unveiling of President-elect Obama's economic team, and an $800 billion plan of attack for getting credit flowing smoothly again for consumers drove a continuation of buying efforts that perked up in the prior week after the S&P 500 hit a new low for this bear market and touched levels seen in 1997. The gains were extreme in many cases. The market itself soared 12%; however, it ended the week at a level that was 21% higher than the low seen only five sessions ago. The financial sector played a huge part in the big gains.
Buyers returned to the beaten-down area after the government said it would provide a guarantee for the bulk of $306 billion of troubled assets identified at Citigroup. In turn, the government also said it would take an additional $20 billion of TARP funds and inject it into Citigroup by purchasing the bank's preferred stock. While there were other provisions for the relief the government provided to Citigroup, the main thrust for the market was (a) that Citigroup wasn't going to be allowed to fail (b) that Citigroup wouldn't have to sell core assets at distressed prices to raise capital (c) that common shareholders were spared in the rescue plan and (d) that it was reasonable to expect other financial companies would get similar guarantees if need be.
On the heels of the Citigroup rescue, the Federal Reserve, in conjunction with the Treasury Department, announced Tuesday that it is creating a new $200 billion facility focused on getting liquidity flowing in key asset-backed securities markets that help facilitate auto loans, student loans, credit card loans and small business loans. In addition, another $600 billion will be allocated for the purchase of direct obligations of government-sponsored enterprises and mortgage-backed securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae in an effort to help drive down mortgage rates and improve conditions in the housing market, which lies at the heart of the financial crisis.
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This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or a solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release InvestSource has agreed to be compensated 500,000 unrestricted shares of ILVC and twenty five thousand dollars via a third party for CNOA nfor services rendered. To view full disclaimers, please go to http://investsourceinc.com/content/disclaimer
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