MorningStockPicks.com Focuses on B.B Companies Worth Following: UOMO Media Inc., (OTCBB: UOMO), Auriga Laboratories, Inc. (OTCBB:ARGA), American Racing Capital, (OTCBB: AMRA), Renhuang Pharmaceuticals, Inc.(RHGP.OB), Universal Energy Corp. (OTCBB: UVSE), Location Based Technologies, Inc. (OTCBB:LBAS)
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UOMO Media Inc. (OTCBB: UOMO | charts | news | PowerRating) announces appointment of Mr. J. Sean Diaz to Board of Directors.
(Dec.4,2007)--UOMO Media Inc., (OTCBB: UOMO | charts | news | PowerRating) a multi-channel entertainment and media company, announced today that Mr. J. Sean Diaz has been appointed to the company's Board of Directors.
Mr. Diaz earned his Juris Doctorate degree in 2001 from the Columbia Law School, where he was named a Harlan Fiske Stone Scholar, and his Bachelor of Arts in Sociology and Communications (1997) from the University of Pennsylvania. Mr. Diaz has been an Associate at the international law firm of Dechert, LLP, since 2004, practicing in the area of Structured Finance, and has counseled and represented top Wall Street investment banks in over 50 billion dollars of both public and private issuances.
Prior to that, Mr. Diaz worked with the law firm of Proskauer Rose representing various media companies and start-ups, most notably the Recording Industry Association of America (RIAA) in the landmark Napster case.
About UOMO Media Inc.
UOMO Media Inc. is an entertainment company that produces, manages, and monetizes music-based intellectual property globally. The Company's four divisions are: UOMO Digital Distribution, UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing. There is a massive and ongoing demand for music and entertainment. IFPI estimates that globally, the broader music industry was worth USD $130 billion in 2006.
MSP COMMENTARY: This release comes on the heels of UOMO's last month appointment of music executive Mr. Camara Alford as Chairman and CEO. Following that news, the share price rose 30% from .52 to a high of .68.
Today's announcement confirms the management's stated business strategy of building a creditable and experienced team, capable of steering the company in the evolving music industry. Mr. Diaz's digital music experience, representing the Recording Industry Association of America (RIAA), founding DancetracksDigital.com, and his finance experience with top Wall Street firms, should prove to be an definite asset to the company.
Read full company profile: http://www.morningstockpicks.com/detail.cfm?report_id=41
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Auriga Laboratories, Inc. (OTCBB:ARGA)
(Dec 03, 2007)-- Auriga Laboratories, Inc. (OTCBB:ARGA), a specialty pharmaceutical company, announced today the signing of a license agreement with Outlook Pharmaceuticals, Inc., pursuant to which Auriga will have the exclusive rights to market and sell a new product indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) in the United States. The new product combines one of the most frequently prescribed drug classes for this condition, in a unique dosage form previously not available.
ADHD treatments are one of the most frequently prescribed product classes in the US with over 35 million prescriptions written by physicians, generating estimated sales of over $3.5 billion dollars in the U.S. annually.
The product is expected to be approved by the Food and Drug Administration in early 2008 and launch during the 2nd Quarter of 2008. "This Agreement solidifies Auriga's commitment to enhance our product portfolio with products approved using the ANDA and 505(b)(2) NDA regulatory pathways," said Philip S. Pesin, CEO of Auriga.
Renhuang Pharmaceuticals, Inc.(RHGP.OB)
(Dec 03, 2007) -- Renhuang Pharmaceuticals, Inc.(RHGP.OB) has bought prime time advertising slots in Central Chinese Television's (CCTV) 2008 "Gold Ad" auction, following two of the national television network's most heavily watched programs. The 7.5 second and 15 second air times follow CCTV's evening news and the newsmagazine show, "Topics in Focus.", both of which are top-rated television programs in China. Both ad slots will feature Renhuang's Ginseng and Deer Ointment product. The Company expects sales of this product to grow significantly as a result of advertising on CCTV prime time spots in the Olympic year.
"We are extremely pleased to have won the bid and look forward to promoting Renhuang products next to two of CCTV's most popular programs," said Jingwang Lou, general manager of sales and marketing for Renhuang Pharmaceuticals. "The exposure will build brand awareness for our products throughout China, and increase our visibility on the global basis."
Mr. Lou said securing prime time media space was a strategic move on Renhuang's part. "We see this as a great opportunity for Renhuang. Investing in sales and marketing is an important part of our growth strategy. We expect prime time advertising during the 2008 Beijing Olympic Games will give us international as well as domestic exposure."
TV is the most effective media for advertisement in China. CCTV has China's highest viewer ratings and is also broadcast internationally through sharing with other networks. In recent years, CCTV's Gold Ad auctions for prime time advertising space have become increasingly competitive as more and more businesses select CCTV as their first media choice to promote their products. "This is the first time Renhuang has participated in the bidding process, and winning these two coveted advertising spots is a real coup," noted Mr. Lou.
One of Renhuang's Gold Ad spots is slated to follow the CCTV News immediately preceding the network weather forecast. "This spot has huge viewer ratings and gives us tremendous visibility and prestige," Mr. Lou said. "This is possibly the single best time slot on Chinese TV in terms of audience reach and marketing effectiveness."
The second gold time slot will follow the program "Topics in Focus," an influential newsmagazine with a wide viewer following. Additionally, with special programming coverage during the 2008 Beijing Olympic Games, the "Topics in Focus" media space may provide even greater audience penetration.
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Universal Energy Corp. (OTCBB: UVSE)
(Dec.3,2007)--Universal Energy Corp. (OTCBB: UVSE), an emerging oil and gas exploration and production company, today announced that it has completed the sale of $1.743 million principal amount of unsecured convertible debentures. The issuance of the debentures generated net proceeds of approximately $1.26 million. The Company will use the proceeds of the offering towards production costs including those costs associated with the recently successful drilling efforts at the company's Lake Campo and Caviar # 4 prospects.
Investment banking services were provided by the San Francisco office of Empire Financial Holdings.
Dyron M. Watford, Chairman and CFO of Universal Energy Corp. remarked, "This financing provides us the additional capital we need to complete the production and tie-in of our first four successfully drilled prospects. We believe that the financing represents a continued recognition of the execution on our business plan."
Additional details regarding the financing will be included in a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission.
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American Racing Capital, (OTCBB: AMRA)
(Dec 03, 2007)-- American Racing Capital, (OTCBB: AMRA), a company specializing in the Motorsports Industry, announced today it has named Mark J. Perrone to it's Advisory Board. Mr. Perrone is well known in racing circles having most recently been President and General Manager of the legendary Milwaukee Mile, the oldest continually operating Speedway in the world. His professional career started right after graduating from Denver University, when he began a career with the Federal Bureau of Investigation. Later, Mark moved on to professional sports management and worked for the Washington Capitals and the Washington Bullets franchises. He then moved up to major league sports with a senior position at Bob Woolf Associates where he established relationships in the NFL, MLB, NBA, and the NHL. Next he became President of Sportserve, Inc., where he handled Hall of Fame and All-Pro inductees. Also, he consulted to groups interested in the acquisition of major league teams, as well as franchise expansion opportunities. His clients included the Portland Trailblazers, New York Yankees, Boston Red Sox, Duke University and the NHL League office. He also served in an administrative capacity for USA Hockey during the 1980 and 1984 Olympics. Mark's career in motorsports includes having been the Executive Director of racing for the "Cracker Barrel 500" held at Atlanta Motor Speedway. Mr. Perrone has successfully promoted NASCAR events in all levels, including Cup, Bush and Craftsman Truck as well as other race series such as the Indy Racing League and ChampCar, even serving as Vice President of ChampCar. Mr. Perrone is also an active member of society with numerous charity and civic associations and has been awarded two Gubernatorial Citations and two Senate Citations.
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Location Based Technologies, Inc. (OTCBB:LBAS)
(Dec 02, 2007)-- Location Based Technologies, Inc. (OTCBB:LBAS) is in the final product development and engineering testing stage of the PocketFinder(TM) GPS based personal location device. PocketFinder(TM) devices are personal location devices designed to optimize the lives of parents, guardians and pet owners. PocketFinder(TM) devices are small, rugged and water tight. It is the size of an Oreo(TM) cookie and weighs less than two ounces. Our expected primary market evolved from the desire of parents to ensure the safety and well-being of their children. Secondary markets are expansive and include medical and elder care providers, campers, hikers, backpackers, adventure seekers, extreme sports enthusiasts, and pet owners.
It is not only our device's GPS and wireless technologies that differentiates our product(s) from the competition. It is also the proprietary software that transforms available technologies into an intuitive and user-friendly interface that offers greater value, capabilities, and convenience to the customer.
Since 2002, IDC research has consistently shown very high levels of consumer interest in location based services - especially in family/friend locator devices. Drawing from recent census information, there are over 37,000,000 children in our 5 to 13 year old market segment in the United States with an additional 4,000,000 in the prime focus areas in Canada. The European Community has an additional 42,500,000 children in this primary age group. This represents a target market of more than 109,200,000 potential customers in our focus age group.
Our products and service will offer wireless network coverage throughout North America utilizing the largest GSM carrier network in the United States and Canada. Our personal locators have the ability to operate seamlessly on the networks of 290 wireless providers in over 130 countries and to work on any GSM network in the world.
We expect our revenues to be based on the following sales and revenue sources: PocketFinder personal locator device sales from mass retailers; the PocketFinder website; and Affinity groups. Sales of device accessories and monthly re-occurring service fees and potential licensing fees will provide additional revenue.
In our ever-mobile society, it helps to know where we are and where we are going. Due to the demands of families with dual earners, and the number of single parent homes, many children are left without a parent home during the day. Parents in those situations desire the ability to know where their children are and where they are going.
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