Garb Oil and Power Corp. (GARB) skyrockets on joint-venture pact
Posted on: July 27th, 2011Written by:
Garb Oil and Power Corp. (Pink Sheets: GARB) shares climbed 13.7% Wednesday to 58-100ths of a cent on word of a new joint venture involving construction of new plants. Volume for the stock proved to be 5.8 million shares, still short of its daily average of around 7.2 million.
The company, based in Salt Lake City, issued a news release July 27 announcing that it had formed a joint venture with Alabama-based ACG Consulting LLC (the “JV”) to build seven E-Waste recycling facilities within the next three years. It is planned that the first E-Waste recycling facility will break ground in South Florida in March 2012. Garb plans to break ground with a new E-Waste recycling facility every four months thereafter, at various sites in the U.S. as licenses, permits, and USCIS approvals are obtained.
The JV will be owned 51% by Garb and 49% by ACG Consulting LLC. Three E-Waste recycling facilities are planned for operation during the 2013 calendar year with four additional recycling facilities to come on line during the 2014 calendar year. It is expected that by end of 2015, the combined E-Waste recycling facilities will contribute an estimated $85,000,000 in revenues to the JV.
Garb Oil Power Corporation is dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Its plants for Rubber Recycling, E-Waste and E-Scrap Recycling, Waste to Energy and OTR processing plants are all developed with these principles in mind.
Force Fuels, Inc. (FOFU) kicks off drill program, shares spike
Posted on: July 13th, 2011Written by:
Force Fuels, Inc. (Pink Sheets: FOFU) shares its shares skyrocket 54.6% to 17 cents Wednesday, after beginning Phase II of its drilling plan with Carroll Energy, which includes preparing the reports needed to complete 15 new wells on the properties Force Fuels acquired. Volume for the stock amounted to more than 1.1 million shares, compared to a daily average of less than 50,000.
In a news release issued July 13, Force Fuels said it anticipates completing the geological analysis and field study within two weeks so the Company can move forward with the final drilling permit filings. Once the final permits are issued, Force Fuels will schedule the drilling contractor and other service work as needed.
Force Fuels CEO Tom Heningway declared, “This is the last phase to complete prior to drilling the 15 new wells. As I stated in a recent press release, we expect initial production rates from the 15 wells to produce a combined total of approximately 150 Barrels Per Day (BPD), totaling 4,500 barrels per month, in addition to the production from the recently opened previously shut-in wells.
Concluded Heningway, “We are both proud and excited to enter the production phase.”
Force Fuels, headquartered in Costa Mesa, California, boasts primary products that are regulated and standardized energy based products, which do not require a marketing or sales force, thus completely eliminating the related expenses.
ValCom, Inc. (VLCO) moves skyward on Q1 bottom line
Posted on: May 24th, 2011Written by:
ValCom, Inc. (Pink Sheets: VLCO) enjoyed a share price hike Tuesday of 125.7% to 3.95 cents, after the media and entertainment company announced a big gain in quarterly earnings. Volume for the stock was 66.1 million as the closing bell neared.
The second-quarter financial results showed 33 cents in earnings per share, or about 15 times where the stock is currently trading. A key statistic in the quarterly financial data is the company’s total assets, which grew over 200% from September 2010 to over $24 million. The increase is primarily due to the company’s audio and film library and growth within its My Family TV television network.
According to company CEO Vince Vellardita, “ValCom is starting to heat up! Our financial results are starting to show what our shareholders have waited for. This company has been dramatically undervalued as we continue to execute our business plan to increase shareholder value.”
ValCom expects a great surge in revenues from its content library. The company has over 6,000 video and audio titles in the library. In the first fiscal quarter of 2011, an appraisal was conducted by DOS Broadcast and Appraisal Services to determine an accurate value of the content owned by the company. DOS has estimated that the value of the library exceeds $128 million.
Based in Clearwater, Florida, ValCom, Inc. is a diversified, fully integrated, independent entertainment company that has been in operation since 1983. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full service facilities that accommodate film, television and commercial productions with its four divisions comprised of television and film production, broadcasting (My Family TV Network), distribution, and live theatre.
Global Earth Energy Inc. (GLER) sells coal, shares hike
Posted on: May 19th, 2011Written by:
Global Earth Energy Inc. (Pink Sheets: GLER) shares climbed 175.6% in price Thursday afternoon to 1.24 cents, on volume of 82.6 million shares, on word of a major sale of its holdings to Pacific Coast Plaza Inc.
The Wilmington, North Carolina-based Global Earth Energy — and its Texas-based joint-venture partner, Modern Coal — announced Thursday the offer by Pacific Coast Plaza Inc. to purchase 100,000 metric tons of coal per month for 36 months. The price of coal is approximately $85 per metric ton valuing the deal at over $300 million. The current plan is to have the coal loaded on barges from a suitable port yet to be determined.
Global Earth CEO Syd Harland commented, “We are extremely excited to have developed this relationship with Pacific Coast Plaza Inc. and are looking forward towards a long term, prosperous relationship. Due to this new offer, GLER will be looking to raise additional capital to purchase other coal sights in the area.”
Global Earth Energy Inc. provides renewable energy solutions. In addition, the Company is pursuing joint venture agreements with green solution providers worldwide.
Pervasip Corp. (PVSP) leaps after gaining major investor
Posted on: May 16th, 2011Written by:
Pervasip Corp. (Pink Sheets: PVSP) thundered ahead in price 112.7% in late Monday trading to 2.34 cents, on volume of nearly 10 million shares, after the White Plains, New York-based provider of Voice over Internet Protocol (VoIP) telephone services announced that a strategic investor, NetCapital.com LLC, has signed an agreement with Pervasip’s lender to purchase all outstanding debt.
NetCapital’s Chairman, John Fanning, noted, “We have a track record of success with disruptive technologies, and Pervasip’s technology is a true example of how game-changing vision and wisdom can be forged into a paradigm-breaking commercial product. We have been following Pervasip for years, waiting for the right opportunity to partner and invest. Today we have found a time of great value.”
“We are pleased to have a friendly investor who wants to work with us to build value for our shareholders,” said Paul Riss, Pervasip’s Chief Executive Officer. “At this point in time, our original lender can no longer foreclose on our assets.”
Pervasip, which operates in the mobile VoIP arena and recently became a carrier for video VoIP telephone services, received orders last week for more than 300 video VoIP lines and is now the carrier for Bausch & Lomb’s video phones.
Ecoemissions Solutions Inc. (ECMZ) sails higher on new partnership
Posted on: May 9th, 2011Written by:
Ecoemissions Solutions Inc. (Pink Sheets: ECMZ) rocketed 75.3% higher in price mid-morning Monday to 29.8 cents, on news of a partnership in the offing. Volume for the stock was 1.1 million shares.
The Tempe, Arizona-based Ecoemissions announced Monday that its distribution, installation and servicing rights for its Catalyst Injection System™ (CIS) Systems for the Pacific Northwest has been awarded to Seattle-based Hatton Marine Engine and Generator Systems Inc.
Hatton Marine is the certified servicing agent for Caterpillar, General Electric, John Deere, Cummins, EMD, Onan, Detroit Diesel, Scania, Volvo, Mitsubishi, Yanmar and Lugger marine engines as well as power trains and generators. Hatton has installed over 37 units of Ecoemissions’ CIS™ systems to date, with pending orders waiting to be scheduled.
According to General Sales Manager, Roger Hatton, “We are only beginning to scratch the surface! More and more clients are discovering the benefit of the Eco CIS System.” According to the Northwest Marine Trade Association, there are over 270,000 registered vessels in the State of Washington and over 15,000 pleasure and commercial craft in the Pacific Northwest in excess of 40 feet that operate diesel engines that could benefit from the use of the Eco Emissions CIS System.
EcoEmissions Solutions, Inc. boasts a proven patented emissions-reducing CIS system, which it says offers a global solution for diesel engines used in heavy industry and large marine applications around the world.
