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MARINER'S CHOICE INTERNATIONAL (OTC: MCII)
Detailed Quote: http://www.otcpicks.com/quotes/MCII.php
Company Profile: http://www.otcpicks.com/mariners-choice/mariners-choice.htm
Mariner's Choice is a global leader in providing eco-safe solutions through leading edge biodegradable technologies. Its primary focus is to provide high performance solutions across all marine industry sectors -- recreational and industrial -- without compromising performance. Mariner's Choice products reduce the cost of ownership, operations, and maintenance of marine assets. Each product is tested to exacting standards and performance levels of excellence, while providing the greatest benefit and satisfaction to the recreational and industrial customer. Mariner's Choice "green" products and nano-technology is a timely response to the environmental and health concerns that affect people globally. (www.marinerschoice.net)
MCII News:
October 9 - Mariner's Choice Enters the $14.5 Billion Recreational Vehicle Industry
Mariner's Choice International Inc. (OTC: MCII | charts | news | PowerRating) has signed a private label agreement with BRD Supply Inc. of Bristol Indiana, a distributor that has been in the RV industry since 1991.
The agreement affords Mariner's Choice products an entry into the $14.5 billion RV industry in the U.S (source: Recreation Vehicle Industry Association). Mariner's Choice strategy includes expansion outside of the marine market. RV is a natural extension, as there are many similarities in the product applications. "The timing couldn't have been better for us to partner with Mariner's Choice," states Ron Dempster, President of BRD Supply. "We were looking for a manufacturer who could offer us a full line of eco-safe products to satisfy the need in the industry for 'green' products that perform well. Mariner's Choice meets the criteria we had set out in our search, and we are now working in rapid speed to penetrate the market with our own 'Dirt Dog' brand. The environmental issues are ever-increasing, and the RV industry, too, is moving towards compliance." Dempster is the past president of the RV Aftermarket Association (RVAA).
BRD has launched an aggressive sales and marketing campaign, and have recently showcased their product line at a series of RV shows and rallies throughout the U.S. The RV industry has seen a steady increase in popularity, and isn't showing signs of a slowdown anytime soon. "The industry has been very buoyant since 2002 with a positive annual growth rate," states Dempster. In 2006, the shipments topped 384,400, the highest level reached in 28 years (source: Recreation Vehicle Industry Association). "BRD is positioned well within the industry with an established distribution channels to market. We will leverage our long-standing relationships and the confidence our customers have in our ability to deliver quality products," Dempster said.
The two companies share similar ideals and philosophy, while bringing together complementary expertise in their respective businesses that make for a powerful partnership. The agreement calls for a purchase projection of $1 million by the end of 2008, and BRD has already taken initial delivery of $10,000 of products. The management anticipates, but cannot provide assurances, that with on-going focused effort that BRD has already initiated, the projection set out in the agreement is likely to be achieved.
Mariner's Choice is a global leader in providing eco-safe solutions through leading edge biodegradable technologies. Its primary focus is to provide high performance solutions across all marine industry sectors -- recreational and industrial -- without compromising performance. Mariner's Choice products reduce the cost of ownership, operations, and maintenance of marine assets. Each product is tested to exacting standards and performance levels of excellence, while providing the greatest benefit and satisfaction to the recreational and industrial customer. Mariner's Choice "green" products and nano-technology is a timely response to the environmental and health concerns that affect people globally. (www.marinerschoice.net)
US ENERGY INITIATIVES (OTCBB: USEI | charts | news | PowerRating) "Up 20% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/USEI.php
Through its subsidiaries, US Energy is an ISO 9001 certified electronics manufacturer specializing in the design and deployment of technologies and products for which the Company acts as a sole-source provider and as a specialized aerosol production and packaging enterprise. The Company's family of proprietary technologies are made available to the automotive, marine, recreational vehicle, studio recording, municipal market segments and boutique aerosol production and packaging.
USEI News:
October 9 - US Energy Provides Corporate Update: Annualized Revenue Rate Approaching $5,000,000
US Energy Initiatives Corporation ("US Energy" or "the Company") (OTCBB: USEI | charts | news | PowerRating) provides an operational and financial update since the Company's recent acquisition. Further, the Company announced enterprise wide USEI is nearing a $5,000,000 annualized revenue rate.
"Our acquisition of SeaSpray in late August of this year has helped usher in a new era for the Company," said CEO Phil Rappa. "Our focus during the summer was elimination of expense and growth in revenues. I am pleased to report progress on both fronts. We have eliminated approximately $4,000,000 in annualized expenses previously dedicated to technology development. At the same time, through our acquisition of SeaSpray which has been renamed Advanced Aerosol, we have reached an enterprise wide revenue milestone that is a first for our company."
Advanced Aerosol (formerly SeaSpray): Operating from a 36,000 square foot facility in Seaford, Delaware, Advanced Aerosol offers chemical mixing and manufactures and sells aerosol-delivered janitorial and industrial products, waxes, lubricants, and polishes. Advanced Aerosol has over 700 chemical formulations which are packaged for private label clients and for the Company's own line of proprietary products.
ASIA PROPERTIES (OTC: ASPZ | charts | news | PowerRating) "Up 16.98% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ASPZ.php
Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,427,112 fully diluted shares consisting of 16,672,740 free trading and 22,754,372 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.
ASPZ News:
October 9 - Asia Properties China Resort Acquisition Terms
Asia Properties, Inc. (API) (OTC:ASPZ) announced today the terms upon which it has closed on the acquisition of a 75% controlling interest of a resort property near Guangzhou, China.
Daniel McKinney, API's CEO, commented, "As we announced yesterday, I am delighted to inform our API shareholders that we have already closed the acquisition of the Swiss Garden Holiday Village in Guangzhou, China. The resort has revenues in the region of US$5 million and a net profit for 2007 estimated at US$2.5 million. As such, I am pleased to be able to reconfirm our 2007 guidance for revenues, and consolidate this US$40 million asset onto our balance sheet."
The Swiss Garden Holiday Village encompasses 25 acres of villas, condos and a hotel with an exhibition centre and business conference centre. It sits on the side of a lush mountain overlooking a popular lake in the area. Swiss Garden has built a total of 65 villas, 114 apartments, and current construction includes a clubhouse and 12 more villas with total area of 44,000 square meters. The total assets of the development are RMB 305 million (US$40 million). The acquisition was paid for in restricted shares and cash. Shareholders will be advised of the acquisition details as soon as possible.
CHINA AGRITECH INC (OTCBB: CAGC | charts | news | PowerRating) "Up 17.32% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CAGC.php
China Agritech is engaged in the development, manufacturing and distribution of organic liquid compound fertilizers and related products in the People's Republic of China. The company has developed proprietary formulas that provide a continuous supply of high-quality agricultural products while maintaining soil fertility. The company sells its products to farmers located in twelve provinces of China including: Heilongjiang, Hebei, Liaoning, Jilin, Shandong, Inner Mongolia, Henan, Sichuan, Guangdong, Xinjiang, Yunnan and Guizhou. For more information visit http://www.chinaagritechinc.com .
CAGC News:
October 9 - China Agritech Signs $7.8 Million Liquid Organic Fertilizer Contract
China Agritech, Inc. (OTC Bulletin Board: CAGC | charts | news | PowerRating) (''China Agritech'', the ''Company''), a leading liquid fertilizer manufacturer in China, announced that it has signed a contract with Sinochem Fertilizer Co., Ltd. (Sinochem Fertilizer) to deliver a minimum of 1,000 metric tons of its liquid organic fertilizer ''Green Vitality'' over the next twelve months. The order is expected to contribute $7.8 million to China Agritech's revenue over the term of the contract.
Sinochem Fertilizer is the largest fertilizer distributor in China with an established multi-level distribution network comprised of 17 sales subsidiaries and 1,600 sales points. The distribution network covers 26 provinces with first tier distributors in major cities and second tier distributors in counties and rural areas. China Agritech and Sinochem Fertilizer began negotiations in July 2007 when China Agritech supplied a small order of fertilizer to Sinochem Fertilizer for test sales in Hainan and Jiangsu Provinces. Sinochem Fertilizer experienced strong demand for the organic liquid fertilizer and subsequently signed a one-year contract with China Agritech for 1,000 metric tons.
''We are pleased to have obtained this contract with Sinochem Fertilizer, as we are one of a handful of liquid organic producers with the capacity to fulfill an order of this size. We feel that this contract reinforces the market opportunity for Green Vitality and its effectiveness in enhancing the yield and quality of a variety of agriculture products,'' commented Mr. Yu Chang, CEO of China Agritech, Inc. ''We also believe our relationship with Sinochem Fertilizer will contribute to our revenue growth in the future and increase our penetration within China.''
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