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STOCK BRAIN ANNOUNCES : (PINKSHEETS: ECOF) Eco2 Forests Inc., (OTCBB: CCGY) China Clean Energy, Inc., (NYSE: ABK) Ambac Financial Group, Inc., (OTCBB: OPMG) Options Media Group Holdings, Inc., (OTCBB: AJGH) American Jianye Greentech Holdings Inc., (OTCBB: BGBR) Big Bear Mining Corp.
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(PINKSHEETS: ECOF - Eco2 Forests Inc.)
LATEST NEWS!!
ECO2 Forests International Targeted Projects Exceed 1.5 Million Acres
SACRAMENTO, CA, Apr 05, 2010 -- ECO2 Forests Inc. (PINKSHEETS: ECOF) has announced its projects in their pipeline under review has passed a global total of 1.5 million acres for the first time.
The 1.5 million acres include a combination of reforestation, afforestation and avoided deforestation projects. Projects are planned to be delivered as part of the company's Global Forestry Plan, producing sustainable lumber and carbon credits for sale on global markets.
"ECO2 Forests has been working extremely hard to build up our list of potential projects and land partners. We have now surpassed a total of 1.5 million acres of projects in our project pipeline for the first time, with many of these projects well advanced in negotiations and undergoing due diligence," ECO2 Forests CEO Collie Christensen said today.
"Projects in the pipeline under review are located in multiple regions of mainland USA, Australia, Mexico, Europe, South East Asia and South America and are in various stages of review, from initial due diligence and area feasibility through to final stages of negotiation and letters of intent being completed.
"We see this as a significant milestone for ECO2 Forests and recognition of the support we are receiving internationally towards the Global Forestry Plan." In accordance with the Global Forestry Plan, the network of forests are strategically located around the world and not focused on one region, thus positioning ECO2 Forests to deliver significant, consistent and sustainable lumber supplies globally.
The combination of the preservation of old growth forests and the creation of new forests for sustainably managed lumber production is central to the ECO2 Forests strategy.
"Our revenue forecast for forestation projects under the Global Forestry Plan is approximately $110,000 per acre for each 7-year regenerative harvest cycle using our range of Kiri Trees. We look forward to securing more projects for our shareholders and investors and also for the environmental and social benefits our projects are intended to deliver," Christensen said.
As projects enter the pre-execution stage, direct investment opportunities are intended to be made available to suitably qualified investors. Further details regarding investment into projects will be released with future project announcements and will be available through the investor section of the Company's website, www.eco2forests.com.
About ECO2 Forests Inc. ECO2 Forests is a progressive international forestation company focused on reforestation, afforestation and avoided deforestation projects for the generation and sale of sustainable lumber and carbon credits to the global markets.
Headquartered in Sacramento, California, the Company has adopted an 'E4 Philosophy' to achieve positive Environmental, Economic, Employment and Educational outcomes through its projects.
For more information please visit www.eco2forests.com.
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(OTCBB: CCGY - China Clean Energy, Inc.)
LATEST NEWS!!
China Clean Energy Announces Fourth Quarter and Fiscal Year 2009 Results
FUQING CITY, China, April 1, 2010 -- China Clean Energy Inc. (OTC Bulletin Board: CCGY), a producer of biodiesel fuel and environmentally-friendly specialty-chemical products made from renewable resources in China, today reported its financial results for the fourth quarter and fiscal year ended December 31, 2009.
"We are pleased to report strong fourth quarter revenue growth and margin expansion reflecting an improvement in demand for our products in the back end of the year," said Mr. Tai-ming Ou, China Clean Energy's Chairman and CEO. "In addition, our Jiangyin plant started operation on a commercial basis in January 2010, expanding our specialty chemical capacity by 30,000 tons and our biodiesel capacity by 40,000 tons per year respectively. We hope to gradually ramp-up our new capacity during the year and expect to achieve solid organic growth in 2010." Fourth Quarter 2009 Results China Clean Energy's net revenue in the fourth quarter was $4.9 million, up 18.5% from the fourth quarter of 2008. The increase in revenue was driven primarily by the 53.2% year-over-year increase in sales volume of specialty- chemical products to 3,068 tons, offset by a 17.7% year-over-year decrease in average selling price to RMB 9,167 per ton. Biodiesel sales volume was 784 tons in the fourth quarter of 2009, down 37.9% from 1,263 tons in the fourth quarter of 2008. Biodiesel average selling price was RMB 4,436 in the fourth quarter of 2009, down 2.2% from the fourth quarter of 2008. Specialty- chemicals and biodiesel represented 88.5% and 11.5% of net revenue in the quarter, respectively.
Gross profit in the fourth quarter of 2009 was $896,933, up 52.4% from the fourth quarter of 2008. The increase in gross profit was mostly driven by the 18.5% growth in revenue and compounded by management's ability to control the growth in cost of sales to only 12.9% compared to the fourth quarter of 2008. Gross margin was 18.4% in the fourth quarter of 2009, up from 14.3% during the same period in 2008 as a result of overall increase in volume and higher value added product mix.
Operating expense in the fourth quarter of 2009 was $646,739 representing a 17.2% decline from $781,275 in the fourth quarter of 2008 due to the lower professional service expenses. Operating income of the Company in the fourth quarter of 2009 was $250,194, compared to an operating loss of $192,566 in the comparable period of 2008.
Net income for the fourth quarter of 2009 was $627,538, or $0.02 per fully-diluted share, compared to a loss of $554,111 or $0.02 per share in the fourth quarter of 2008. Net income for the fourth quarter includes an $83,029 non-cash charge for employee stock-based compensation. Additional details about these charges can be found in the 10-K form filed with the SEC on March 31.
Fiscal Year 2009 Results For the full year 2009, net revenues were $15.9 million, down 12.3% from $18.2 million in 2008. Approximately 15.1% of revenue for the full year were derived from biodiesel sales and 84.9% from specialty-chemical sales. Gross profit for the full year 2009 was $2.9 million, down 23.8% from $3.9 million in 2008. Gross margin decreased from 21.2% in 2008 to 18.5% in 2009. Operating income for the full year 2009 was $0.9 million, down 22.9% from $1.1 million in 2008. Operating margin declined to 5.5% in 2009 from 6.2% in 2008. In 2009 the Company recorded a net loss of $0.3 million, or $0.01 per diluted share, compared to the net income of $0.6 million, or $0.02 per diluted share in 2008. Net loss in 2009 includes a $964,391 non-cash charge for warrant liability revaluation and a $404,582 stock-based compensation expense. Adjusted net income (Non-GAAP) was $1.0 million, or $0.03 per fully-diluted share. A table reconciling adjusted net income, which is a non-GAAP measure, to the nearest GAAP measure is available elsewhere on this release.
Financial Condition As of December 31, 2009, China Clean Energy had $4.2 million in total cash, approximately $2.9 million in working capital, and $3.1 million of debt. Stockholders' equity at December 31, 2009 stood at $31.7 million, or approximately $1.00 per share.
Recent Developments In March 2010, the Company secured a line of credit for up to RMB33 million (equivalent to approximately $4.8 million) from Fujian Haixia Bank, which increased the credit line with Fujian Haixia Bank to RMB41 million (equivalent to approximately US $6.0 million).
In February 2010, the Company appointed William Chen as Chief Financial Officer.
In January 2010, the Company engaged Frazer Frost, LLP as its new independent auditor for the fiscal year ending December 31, 2009, effective January 1, 2010. Frazer Frost replaced Moore Stephens Wurth Frazer and Torbet, LLP.
In January 2010, the Company completed the trial production phase at the Jiangyin plant and started operating on a commercial basis. Additionally, the Company's administrative headquarters is moved to the new plant.
Business Outlook China Clean Energy's new plant in Jiangyin is expected to achieve a ramp- up to full capacity by the end of the year 2010 and 50% capacity by the end of second quarter of 2010. As previously disclosed, the Jiangyin plant will increase the Company's specialty chemicals capacity by 30,000 tons per year to a total of 40,000 tons per year and the biodiesel capacity by 40,000 tons per year to a total 50,000 tons per year. Before the end of second quarter of 2010, the Company expected to increase the specialty chemicals production by 15,000 tons per year and the biodiesel production by 20,000 tons per year.
Mr. Ou added, "We expect to see more demand from our existing customers. The Jiangyin plant enables us to provide three times more specialty chemicals and four times more biodiesel and with better quality. With the smoothly running operation in our new plant, we are confident to exceed our recently released revenue guidance for the first quarter of 2010 of RMB50 million (approximately $7.3 million), representing an increase of approximately 150% over the comparable period in 2009. The expected sales volume in the first quarter is approximately 4,000 tons for biodiesel and 5,000 tons for specialty chemicals, separately." Conference Call China Clean Energy will hold its fourth quarter and fiscal year 2009 conference call for all interested persons at 08:00 a.m. Eastern Time on Thursday, April 1, 2010 to discuss its results. To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: +1 (877) 411-1651. International callers should dial +1 (706) 679-8912. When prompted by the operator, mention conference passcode 64996885. If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Thursday, April 1, 2010, at 10:00 a.m. eastern time. To access the replay, please dial +1 (800) 642-1687, international callers dial +1 (706) 645-9291, and enter the pass code 64996885.
About China Clean Energy China Clean Energy, through its wholly-owned subsidiaries, Fujian Zhongde Technology Co., Ltd. and Fujian Zhongde Energy Co., Ltd, is engaged in the development, manufacturing, and distribution of biodiesel and specialty chemical products made from renewable resources. For additional information please visit: http://www.chinacleanenergyinc.com .
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(NYSE: ABK - Ambac Financial Group, Inc.)
LATEST NEWS!!
Ambac Financial Group, Inc. Provides Questions and Answers Addressing Recent Actions Taken by Wisconsin Regulator
NEW YORK, Apr 02, 2010 -- Ambac Financial Group, Inc. (NYSE: ABK) announced today that it has provided "Questions and Answers" related to the recent action taken by the Office of the Commissioner of Insurance of the State of Wisconsin (OCI) with regard to the Segregated Account of Ambac Assurance Corporation. Ambac Assurance Corporation (AAC) is the principal operating insurance company of Ambac. The Segregated Account is a separate insurer from AAC under Wisconsin insurance law. The Q&A can be found on Ambac's web site at http://www.ambac.com/qanda.html. AAC policyholders should also be aware that OCI has established a web site at www.ambacpolicyholders.com that contains official filings, background information and a Q&A for policyholders.
About Ambac Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provide financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac's principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance obligations, has a Caa2 rating from Moody's Investors Service, Inc. and an R (regulatory intervention) financial strength rating from Standard & Poor's Ratings Services. Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK).
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(OTCBB: OPMG - Options Media Group Holdings, Inc.)
LATEST NEWS!!
Options Media Group States Intent to Enter the Mobile and Smart Phone Anti-Virus Market
Company Signs Letter of Intent to Acquire U.S./Canadian SUB License for NetQin Mobile Anti-Virus, Anti-Harassment Software; Also Agrees to Acquire NetQin Sublicense to Software Solution to Stop Texting While Driving
BOCA RATON, FL, Apr 01, 2010 -- Options Media Group Holdings, Inc. (OTCBB: OPMG), a growing force in mobile marketing and mobile social media, today announced the signing of a letter of intent with PhoneGuard to facilitate its entrance into the lucrative anti-virus, anti-texting while driving, and anti-harassment software market for cell phones and smart phones.
The letter of intent outlines Options Media's acquisition of the North American sublicense from NetQin Tech Co., the incontestable industry leader in mobile security and provider of services (including mobile anti-virus, anti-harassment, and privacy protection) to more than 38 million subscribers in more than 200 countries and regions. Under the terms of the agreement, Options Media will become the exclusive marketer within the United States and Canada of the world-wide number one market share ranking PhoneGuard software suite designed to safeguard cellular phones, PDAs and smartphones from attacks by hackers and cyber criminals. While most personal computer users have already protected their systems from viruses, spyware and other attacks, most cell and smartphone users, on the other hand, are relatively unaware of the risks presented by a new breed of cyber criminals. Installation of PhoneGuard prevents not only the potential loss of data, but also virtually eliminates the ability for hackers to listen in on phone conversations, pinpoint the user's GPS coordinates, steal information and/or browse personal emails and text information.
"Our mobile devices, especially our smartphones, have moved well beyond providing simple communication and are now highly integrated into our lives. Protection of the valuable data stored on these devices is becoming increasingly important and we believe use of the PhoneGuard product, provided by NetQin, is the best way to protect this important asset," commented Scott Frohman, CEO of Options Media Group. "While North American mobile phone users are just now beginning to realize these risks, users in Asia and Europe have actually already installed millions of copies of this anti-virus software. The North American market is expected by most industry watchers to soon experience the same explosive market growth." Mr. Frohman continued, "We believe this represents a significant revenue generation opportunity for Options Media Group and we plan to aggressively pursue the closing of this transaction and this market opportunity. We believe our vast experience in the Internet market will allow us to drive awareness and sign-ups for this important service offering, leading to a strong and growing high margin revenue stream for our Company. This leading NetQin software is already in use by tens of millions of mobile phone users in many other countries, with approximately 65% of the large and growing Chinese market utilizing its advanced capabilities at present. We believe the U.S. and Canadian markets represent a similar growth opportunity, especially considering the very low current market penetration rate and the growth threat as cyber criminals become ever more sophisticated." "This marks the turning point in the quantity, complexity and level of threat mobile viruses and malware present," says Anthony Sasso, founder of PhoneGuard. "Our mobile phones have become an integral part of our day-to-day lives and smartphones are becoming more and more like computers. We are now using these multifunction devices for business communications, email, web surfing, online banking, and so much more. These devices harbor some of our most personal and important information -- and PhoneGuard is here to protect it. With the combined force of Options Media's marketing ability and proven track record of sustaining a strong marketing business combined with the power of NetQin's state of the art industry leading mobile software products topped off with my strong grasp of the mobile sector it presents itself to be a very promising situation for all. The point has come and we are entering the age of the 'Mobile Internet' and the possibilities are endless. I can hardly explain the excitement I feel entering into this venture with the team at Options Media. They have the mental capacity and sheer marketing abilities to help me take this over the top." A recent report by Gartner declares that smart-phone volumes represented approximately 14 percent of total mobile device sales in 2009, an increase of 23.6 percent over 2008, with a predicted level of 38 percent additional growth by 2013, with over 1.5 billion new smart-phone users worldwide added from 2008 to 2013. Frost & Sullivan forecast sales of mobile anti-malware products to grow to over $1.1 billion by 2011.
About Options Media Holdings, Inc. Options Media Group Holdings, Inc. is focused on the growing mobile marketing and mobile social media markets. The Company provides an email services for on-demand email marketing to create, send and track professional and permission-based email marketing campaigns. Additionally, Options Media provides precision direct marketing solutions including email marketing, sms/mobile marketing, sms/keyword marketing, custom lead generation and creative services. Options Media provides clients with access to software, hardware, bandwidth and exclusive domains and IP addresses, as well as the ability to upload and manage subscribers, and review and upload campaigns and track results for a 360-degree full-service customer marketing solution.
About NetQin Established in 2005, NetQin has provided services (including mobile anti-virus, anti-harassment, privacy protection) to more than 30 million subscribers in more than 200 countries and regions. NetQin already has a strong foothold in China, the Middle East, Southeast Asia and Europe. With more than 65% of the mobile security market in China, NetQin is the incontestable industry leader.
Heavily invested in R&D, NetQin owns a broad product line covering the majority of smart phones globally. Their R&D team is composed of more than a 100 person staff, 80% of whom hold a master or doctoral degree. The entire R&D team is highly skilled and experienced in the field of mobile security. With its own intellectual property, NetQin holds over 10 new and unique breakthrough innovations in the field of mobile security. NetQin extensively partners and cooperates with many internationally recognized mobile phone brands and carriers. With NetQin's continued growth, it certainly makes it a worthy recipient of the 2009 China Frost & Sullivan Award for Mobile Security Market Leadership.
About PhoneGuard PhoneGuard is a new software suite specifically designed to safeguard cellular phones/PDAs or smart phones from the ever increasing risk of data theft by hackers and cyber criminals. In conjunction with Cellular Spyware Inc., and powered by NetQin, PhoneGuard is the new wave of protection technology in North America designed to guard users' personal information. PhoneGuard is headquartered at 6400 North Andrews Avenue, Suite 340 in Coconut Creek, Florida.
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(OTCBB: AJGH - American Jianye Greentech Holdings Inc.)
LATEST NEWS!!
American Jianye Greentech Holdings Ltd. Reports Financial Results for the Twelve-Month Period Ended December 31, 2009 - Record Revenues Reach $9.7 Million
NEW YORK, April 1, 2010 -- American Jianye Greentech Holdings Ltd. (OTC Bulletin Board: AJGH) is engaged in the business of marketing and distributing alcohol-based automobile fuel products in the Peoples Republic of China, which are manufactured by our affiliate Zhao Dong Jianye Fuel Co., Ltd. ("Zhao Dong"). Today the Company announced that it had filed its Annual Report on Form 10-K where it reported revenues for the year ended December 31, 2009, were $9,740,392 derived solely from the distribution of methanol-based and ethanol-based fuels. American Jianye Greentech Holdings' primary business is to distribute ethanol and methanol as alternative fuel for automobile use.
"We are very pleased with our results from the 2009 fiscal year, particularly since we only commenced operations in September," stated Haipeng Wang, President of American Jianye Greentech Holdings. "Alcohol fuel is an attractive alternative to gasoline for several reasons, including its environmental benefits. Our goal is to begin manufacturing these types of alternative fuel products in our own facility which we plan to sell into the local and regional Chinese markets.
"The Company has developed a patented processing method to produce Methanol automobile fuel under normal atmospheric conditions and temperatures, as well as at temperatures as low as -30 degrees (-22 degrees Fahrenheit). The Company's refining process produces no significant amount of hazardous waste or pollution. These qualities, which are superior to those of lead-free gasoline fuel, have been certified by a team of experts organized by the Heilongjiang Province Science & Technology Department." Wang commented, "The Company intends to construct its own refinery that will use this process to produce these types of alternative fuels and, upon its completion, this facility will have the capacity to produce 200,000 tons of blended fuels each year, yielding approximately $100 net per ton. Our goal is to have this facility fully operational by the middle of this year." Results for the twelve-month period ended December 31, 2009: In the year ended December 31, 2009, we derived our first revenue- $9,740,392 from the sales of methanol-based and ethanol-based fuels to two customers. These two customers are unrelated third parties, and the transactions were the result of arms length negotiations.
Our gross profit margin during the year ended December 31, 2009, was 13.8%. This figure represents our regular gross profit margin as a marketing company and distributor. We expect our gross profit margin to be significantly higher when our own refinery is built and producing our own fuels in the future. The plan for building our refinery is under way.
Income from operations for the year ended December 31, 2009 was $1,257,789, and net income after income taxes for the same period was $943,342.
Selling, general and administrative expenses for the year ended December 31, 2009, were $90,622 or 1% of net sales. Selling, general and administrative expenses consist primarily of payroll, storage cost and bad debt expense.
A full analysis of results for the period ended December 31, 2009, is available in the Company's Form 10-K, which is available on the Company's website at http://americanjianyegroup.com, or through the Securities and Exchange Commission's Edgar database.
About American Jianye Greentech Holdings Ltd.: American Jianye Greentech Holdings Ltd. is an alternative fuel company that develops, manufactures, and distributes alcohol-based automobile fuel products in the People's Republic of China. The Company's products are designed to function as a lower-cost, more environmentally friendly alternative to conventional gasoline-based auto fuel. For more information about AJGH, please visit http://americanjianyegroup.com.
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(OTCBB: BGBR - Big Bear Mining Corp.)
LATEST NEWS!!
Big Bear Mining Corp. Signs Agreement with Rubicon Minerals (AMEX: RBY) for 100% Interest in Red Lake Gold Property
SCOTTSDALE, Ariz., April 5, 2010 -- Big Bear Mining Corp. (OTCCB: BGBR) is pleased to announce that they have entered into an option agreement with well know prospector Perry English for a 100% interest in the Skinner and Shabu Lake properties located in the prolific Red Lake Mining Division of Northwestern Ontario, Canada. As per terms of the agreement Big Bear shall be required to make a total cash payment of $200,000 in order to acquire the 100% interest. "We are very excited about this property acquisition. In my opinion the Red Lake area in northwestern Ontario is to Canada what the Carlin Gold Trend is to the United States - the most prolific gold producing region in the entire country," stated Steve Rix, President of Big Bear.
About the Property The Property comprises 14 mineral claims and covers approximately 6,680 acres and is accessible by road. The Property has multiple reported gold occurrences (Ontario Geological Survey Open File Report 5835) as well as multiple documented copper/nickel occurrences (Preliminary Map P973 Shabumeni River - Narrow Lake area).
Previous exploration was hampered by inaccessibility but the construction of an all-season logging road in recent years has alleviated this and enhanced the possibility of discovering new gold and base metal zones. In addition, follow up work on previous occurrences is now more economically viable.
Gold occurrences located on this claim group include the Flint Rock Mines Ltd. occurrence (Shabu Lake occurrence), the Leonard Lake occurrences and the Madsen Red Lake Gold Mines occurrences. Assays from drill holes and surface sampling on these known occurrences range from .01 oz/ton to .85 oz/ton.
The adjoining Bathurst Mine had limited early day production 307.5 oz gold and 92 oz silver (Rogers and Young 1930; Harding 1936; Sinclair et al. 1934, 1938, 1939; Bathurst Mines Ltd., assessment files, Resident Geologist's office Red Lake). Numerous high grade quartz veins on the Bathurst Mine property have assayed greater that 4 oz/ton.
An initial work program is currently being formulated to assess the full potential of the Property.
About the Red Lake Mining District Since the mid-1960's The Red Lake District has yielded over 30-million ounces of gold worth over USD$20 billion at today's prices and is home to Goldcorp's Red Lake Mine, one of the richest, lowest cost production mines in the world. The Red Lake Mine produces approximately 600,000 ounces worth USD$405 million annually, with over 11 million ounces (USD $7 billion) gold to date.
About Big Bear Mining Corp.: Big Bear Mining Corp. is a US based exploration and development company, focusing on the acquisition and development of Gold and other precious commodity projects which demonstrate high probability for near term production. Big Bear is a fully reporting company quoted on the OTCBB under the symbol BGBR
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