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OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report
for August 29th PHBR, MIHI, KWGI, GOFH, SSTR
(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:29082007
Our Stocks to Watch today include PhoneBrasil International (OTC: PHBR)
Medina International Holdings (OTCBB: MIHI), Ka Wang Holding (OTC:
KWGI), Go Fish Corp. (OTCBB: GOFH), Silverstar Holdings (NASD: SSTR)
PHONEBRASIL INTERNATIONAL INC (OTC: PHBR)
Detailed Quote: http://www.otcpicks.com/quotes/PHBR.php
Company Profile: http://www.otcpicks.com/profiles/phbr/index.php
PhoneBrasil is an American based company specializing in Hybrid VoIP,
cellular and Broadband & WIFI Technology in the Latin American market
as well as servicing the International Telecommunications Markets.
PhoneBrasil supplies four niche markets: wholesale and retail markets;
calling cards that utilize their traffic and minutes via PHBR T-1
servers and VoIP boxes. The company offers prepaid VoIP calls &
equipment and remains focused on dominating technological aspects like
software, billing, supply and cost savings for the new VoIP industry.
PHBR News:
August 29 - PhoneBrasil Announces $1.2 Billion Agreement with CityNet
Wireless for First Large-Scale Brazil WiFi Platform
PhoneBrasil International, Inc. (OTC: PHBR) announces an agreement with
Atlanta-based CityNet Wireless to build the first large-scale WiFi
Platform for all of Brazil. This 2-year project is estimated by both
CityNet and PhoneBrasil to be $1.2 Billion.
Anderson Dias stated, "One of our Shareholders, our European Director
of Market Development, Richard Alain Granier, has facilitated this
entire agreement between PhoneBrasil and CityNet. Having already
received the approval from both party's legal counsel, final agreement
will be signed and in place next month. This WiFi network will
literally cover most major metropolitan cities, areas, states, and
territories of Brazil. PHBR, who has already initiated governmental
approvals, will be in charge of all the administrative work, i.e.
traffic of minutes and licensing in Brazil. CityNet will be responsible
for the platform/system and towers."
Furthermore, this new untapped technology will give to new subscribers,
and already existing PhoneBrasil customers, the ability to connect
their computers, laptops, VoIP networking devices, and Hybrid cellular
dual-mode communication interfaces anywhere, when this large-scale WiFi
platform is available.
MEDINA INTERNATIONAL HOLDINGS (OTCBB: MIHI) "Up 20% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MIHI.php
Company Profile: http://www.otcpicks.com/profiles/mihi/index.php
Medina International Holdings, Inc. (OTCBB: MIHI) is focused on design,
production and sales of special purpose equipment for private, state,
local and federal agencies. The Company is produces commercial Fire,
Rescue and Police boats utilizing the highest design and performance
standards. The Company's products combine power, safety, handling and
stability with a patented hull designs and equipment features tomake
the boats safer, more stable and more effective. The Company's boats
are designed to perform better than any other boats in the market.
With approximately 241,524 miles of waterways in the United States
alone, opportunities for fire, search and rescue, and patrol boats are
abundant. Assuming the need for one boat to cover each ten miles of
waterway, the market is estimated at 24,152 boats for the United States
alone. At $100,000 per boat, this represents a market of $2.4 billion
within the United States; this is a large specialty market that the
company effectively addresses with its current product offerings.
The Company has a strong and experienced senior management team that
has made investors money in the past. Madhava Rao Mankal CFO &
Director, has more than 28 years of experience as an executive. From
1999 to he served with Force Protection, Inc. (NASDAQ:FRPT) formerly
Sonic Jet Performance, Inc as President/CFO and was a member of their
Board until September 30, 2004. Rao was instrumental in arranging the
acquisition of assets that drove the value of that company from roughly
$1 per share to over $31 in June 2007, commanding a market cap of well
over $1 billion. Rao is a Certified Chartered Accountant from India and
Cost Accountant from India, and Certified Management Accountant from
the USA.
Daniel Medina, President & Director, has extensive experience in every
phase of operations including specific strengths in sales, marketing
and manufacturing. Danny has been in the Marine products industry since
1985 as owner Lavey Craft Boat Co. from 1985-1992. From 1992- June 1997
he was partner in California Cool Custom Boats and served as the
designer and manufacturer of all of their boats. From 1999 to 2001 Mr.
Medina served as Director of Sales and Marketing and Production Manager
for Sonic Jet Performance, Inc. and successfully increased the company
revenue by 50%.
MIHI News:
August 29 - Medina International Holdings, Inc. Enters Into Exclusive
Department of Defense Distributor Agreement With Kelly Space &
Technology, Inc.
Medina International Holdings, Inc. (OTCBB: MIHI) announced today that
it has entered into an agreement on August 22, 2007 with Kelly Space &
Technology, Inc., a California Corporation, to be the company's
exclusive distributor for watercraft sales to the United States
Department of Defense (DOD). The Agreement also provides Kelly Space &
Technology, Inc. with a non-exclusive distributorship for other,
non-DOD customers, not limited to the boundaries of the United States.
The agreement between the company and Kelly Space & Technology, Inc.
will be effective for a period of five (5) years from the date of the
signed agreement with an option for Kelly Space & Technology, Inc. to
renew the agreement for an additional five (5) year period.
Daniel Medina, CEO of Medina International Holdings, Inc., stated,
"This is the most significant relationship we have achieved to date for
our company. Kelly Space is a DOD contractor with substantial
experience and acumen in dealing with Government contracting." He
added, "We believe our boats could fill an important niche in the
defense market, and by forming a partnership with Kelly Space as our
exclusive DOD distributor and sales organization we have the
opportunity to penetrate this substantial and important market."
"Kelly Space is very pleased in its association with Medina
International Holdings, Inc.," said Michael J. Gallo, President and CEO
of Kelly Space & Technology, Inc. "Medina's innovations in the
specialty watercraft market open tremendous opportunity for both
commercial and government marine operations. We are also excited about
the potential to incorporate some of our technologies to create
superior, value-added benefits to our customers."
Mr. Medina added, "We will be exhibiting at the Maritime Security Expo
2007, held at the Jacob Javits Convention Center in New York City on
November 27th and 28th. This will be an exceptional opportunity to
showcase our product and promote our new distribution relationship with
Kelly Space. According to the Expo's website, 'The Safe Port Act and
other recent legislation guarantees over $5 billion in maritime/port
security expenditures over the next five years,' and we intend to
aggressively pursue sales into this channel."
About Medina International Holdings, Inc.
Medina International Holdings, Inc. produces commercial fire, rescue,
police and patrol boats utilizing the highest design and performance
standards. The company's products combine safety, power, handling and
stability with a proprietary hull design and equipment features that
address specific niche markets.
With approximately 241,500 miles of waterways in the United States
alone, opportunities for fire, search and rescue, and patrol boats are
abundant. Assuming the need for 1 boat for every 10 miles of waterway,
the potential addressable domestic market for Medina's products is $2.4
billion. International demand is even greater than domestic demand,
which presents exponential growth opportunities for the company.
For more information, visit http://www.medinaih.com and
http://www.medinamarine.com.
KA WANG HOLDING (OTC: KWGI) "Up 38.10% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/KWGI.php
Ka Wang Holding, Inc., parent company of Ka Wang Department Stores in
Southern China, has been operating since 1980. Their main business is
high-end designer clothing for men and women. Ka Wang carries many of
the top brands and has joint ventured with the famous Italian design
brand "Jagger" to be their sole agency in the Far East. From one store
in 1980, Ka Wang has expanded into 70 retail stores (including the
acquisition of Hunan Golden Dragon). They also have their own
manufacturing factory where they design, research and develop their own
clothing lines for wholesale and retail customers. With the standard of
living in China improving, the general population is becoming more
conscious of designer wear labels. Ka Wang's 2006 sales reached 80
million with net income exceeding 30%.
KWGI News:
August 29 - Ka Wang Signs a Major $30,000,000 Contract to Sell Its
Patented Blue Jean Fabric
Ka Wang Holding, Inc. (OTC: KWGI) parent company of Ka Wang Department
Stores in Southern China announces the signing of a $30,000,000
contract to produce their patented blue jean fabric for one of the
largest textile companies in the Hunan Providence in Northern China.
This contract involves the delivery of 2265 metric tons over the next
year of this newly developed high density, soft as cotton, fabric
material.
This new-patented blue jean fabric has become one of the best selling
products for Ka Wang's wholesale division.
Ka Wang has a well respected, state-of-the-art research and development
department in the process of developing a number of other new products
for future introduction to the world market.
GO FISH CORP (OTCBB: GOFH) "Up 40.43% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GOFH.php
GoFish Corporation, (OTCBB:GOFH) headquartered in San Francisco, is a
leading Internet Video Network that, in two years, has grown to deliver
millions of videos per month to a rapidly growing audience of
enthusiasts. The first publicly traded company in the space and a
pioneer in the development of original, Made-for-Internet programming,
GoFish is a destination on the web where millions of people come to
watch, create, upload and share the best in online video entertainment.
For more information about the company, go to www.gofish.com.
GOFH News:
August 29 - GoFish Partners With adap.tv to Deliver Integrated Online
Video Ads
GoFish Corporation (OTCBB:GOFH), the leading Internet Video Network
showcasing original, Made-for-Internet (MFI') programming, today
announces a strategic partnership with adap.tv, an in-video advertising
network, to insert third-party ads within video clips shown on the
GoFish Network.
The partnership enables GoFish to match relevant, text-based ads with
its online video content using adap.tv's proprietary analytical
software. The technology analyzes video content in real-time and
instantaneously matches it with appropriate ads. adap.tv's in-video
advertising network currently serves some of the most popular online
video sites on the Web, including GoFish's Network of approximately 8
million unique users.
Last week online video site YouTube announced the introduction of
semi-transparent overlay ads at the bottom of select video clips.
In-stream text ads served on the GoFish Network through adap.tv's
platform will be similar to YouTube's new ad feature, however, the
GoFish ads will be contextually relevant through the use of adap.tv's
proprietary software.
"The monetization of video content has been one of the biggest
challenges posed by the advent of online video," said Tabreez Verjee,
president of GoFish. "Our partnership with adap.tv assists GoFish in
creating a compelling platform for advertisers in order to allow them
to reach target demographics, and does so in a way that does not
detract from the user experience."
"We are pleased to be partnering with GoFish, as they are the leading
platform in original online video programming aggregation and
distribution," said Amir Ashkenazi, CEO of adap.tv. "This is a mutually
beneficial strategic partnership that combines GoFish's content and
reach with adap.tv's contextual advertising solution to enhance the
consumer experience while increasing ad revenue."
SILVERSTAR HOLDINGS (NASD: SSTR) "Up 40.62% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SSTR.php
Silverstar Holdings, Ltd. is an international publisher and developer
of interactive entertainment software. It currently owns Empire
Interactive, PLC and Strategy First, Inc. Empire Interactive
(www.empireinteractive.com) is a leading developer and publisher of
interactive entertainment software games, including Starsky & Hutch,
Big Mutha Truckers, Ford Racing and FlatOut. Empire's products are
delivered on both console and PC platforms. Strategy First
(www.strategyfirst.com) is a developer and worldwide publisher of
entertainment software for the PC. For more information about
Silverstar Holdings visit www.silverstarholdings.com
SSTR News:
August 29 - Silverstar Holdings Reports Preliminary Fourth Quarter
Fiscal 2007 Results
Silverstar Holdings, Ltd. (Nasdaq:SSTR) today reported preliminary
estimated results for its fourth quarter ended June 30, 2007, subject
to a final audit and filing of its annual report in Form 10-K.
The company expects revenues for the fourth quarter to range between
$11.5 million to $11.9 million, as compared to $467,000 in the fourth
quarter of 2006. This falls within the range of previous guidance of
$10.5 million to $12.5 million.
EBITDA is estimated to range between $4.0 million and $4.4 million for
the fourth quarter, or between $0.40 and $0.44 per diluted share, as
compared to a negative EBITDA of $1.8 million or ($0.19) per diluted
share a year ago. This exceeds previously issued EBITDA guidance of
between $2.5 million and $3.8 million.
Operating income is expected between $1.6 million and $1.9 million, or
$0.15 to $0.18 per diluted share, as compared to a year-ago fourth
quarter loss from continuing operations of $2.4 million or ($0.25) per
share. This is near or exceeds the higher end of the company's earlier
guidance for operating income of $0.4 million to $1.7 million.
Per share calculations of the fourth quarter's results are based on an
estimated 10.4 million diluted shares.
Clive Kabatznik, CEO of Silverstar Holdings, said, "These preliminary
results are extremely encouraging. The numbers reflect the contribution
and progress made by Empire Interactive since we acquired them at the
end of 2006. The fourth quarter numbers were bolstered by the release
of 12 skus, and particularly the highly successful introduction of
FlatOut Ultimate Carnage for the Xbox 360, which accounted for over 50%
of the quarter's revenues. "
Added Kabatznik, "As evidenced by the fourth quarter results, our
business model generates significant operating leverage when we release
high profile titles alongside our other releases. We look to maintain
the momentum of our business model throughout fiscal 2008 by continuing
to develop and publish high profile games like Jackass, Hello Kitty,
Pipe Dreams, Disciples III and Ford Off Road Racing. Additionally, we
shall apply the unique strengths of our European distribution channels
and new North American sales force to monetize the value of our large
back catalog and support the release of more than 50 exciting new
titles in the next 12 months."
Company management plans to hold a conference call in late September to
discuss the fourth quarter and full year results, as well as its
outlook for fiscal 2008, and will announce the details of the call
about a week prior.
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