(NEW YORK) – American Security Resources, Inc. (OTC:ARSC), a developer of Hydrogen fuel cell technology, takes a major step towards production with capital infusion through Westor Capital Group.
The Company announced that it has appointed New York based Westor Capital Group as Placement Agent to place a series of up to $1,000,000 in Senior Secured Notes with the proceeds to be used to start production at the Company’s Hydra Fuel Cell subsidiary. Production of their Hydrogen Fuel Cells is expected to begin in the very near-term.
The market has waited a long time for production to begin, and during this time shares in ARSC have grown to around 2.5 billion. But, based on this recent news, and outstanding sale order backlogs, ARSC could make a move back up above the $0.005 to $0.01 range as production and sales back-orders are filled in the coming months. This would be around a $20 to $25 million market cap.
http://www.wallstreetnewscast.com/news/2010/april/arsc.html
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Tuesday, April 27, 2010
Pre-Market Watch: NEXM, PRWT, ARSC, TSPG, CWRN
(New York)--April 27, 2010--WSNC issues pre-market watch list for NEXM, PRWT, TSPG, ARSC, and CWRN
NexMed (NEXM) - up 50% to $0.63 pre-market on news FDA may allow cancer drug into late stage.
PremierWest Bancorp (PRWT) - ($1.20) continues upward move after Q1 loss narrows
Microcap Watch List
TGI Solar Power Group (TSPG) - ($0.0125) publishes interim financial statement, additional move to list onto OTC exchange.
Cotton & Western Mining (CWRN) - ($0.0024) PanaMax Bulk Iron Ore Projected at $11,895,000.00 on CFR Basis
American Security Resources (ARSC) - ($0.0002) Westor Capital Group to Place $1,000,000 in Notes for
About Wall Street Newscast
Located in New York City, WallStreetNewscast.com (WSNC) has been providing Wall Street investor presentations for both public and private companies since 1998. WSNC offers a wide-range of services to companies and investor relation professionals to discuss their recent news announcements, earnings reports, and corporate events to a diverse network of individual and institutional investors on Wall Street. www.wallstreetnewscast.com
NexMed (NEXM) - up 50% to $0.63 pre-market on news FDA may allow cancer drug into late stage.
PremierWest Bancorp (PRWT) - ($1.20) continues upward move after Q1 loss narrows
Microcap Watch List
TGI Solar Power Group (TSPG) - ($0.0125) publishes interim financial statement, additional move to list onto OTC exchange.
Cotton & Western Mining (CWRN) - ($0.0024) PanaMax Bulk Iron Ore Projected at $11,895,000.00 on CFR Basis
American Security Resources (ARSC) - ($0.0002) Westor Capital Group to Place $1,000,000 in Notes for
About Wall Street Newscast
Located in New York City, WallStreetNewscast.com (WSNC) has been providing Wall Street investor presentations for both public and private companies since 1998. WSNC offers a wide-range of services to companies and investor relation professionals to discuss their recent news announcements, earnings reports, and corporate events to a diverse network of individual and institutional investors on Wall Street. www.wallstreetnewscast.com
Converted Organics (COIN) May Meet NASDAQ Listing Requirement
(New York)--April 27, 2010--Converted Organics (NASD:COIN) has been trading above the $1.00 mark for 10 trading days as of Monday, and may now be back into compliance for continued listing on the NASDAQ exchange.
Converted Organics, a manufactures all-natural fertilizer and soil amendment products, has been trading above the $1.00 mark for the past 10 trading days, which may meet the NASDAQ requirement to remain trading on the national exchange. In addition, the company had recently announced the lifting of its going concern, new fertilizer sales, and obtained a new infusion of working capital into the company. Announcement of listing compliance could be pending.
Ludlow Capital, a New York City based equity research firm, has recently issued a 'near-term' target for COIN in the $1.50 to $2.00 range on improving outlook. The stock closed Monday at $1.06 per share.
Interest has also been shown in the company's publicly traded warrants, COINW, which grants holders the right to purchase COIN at $1.30 a share, with an expiration date of Oct. 2014.
Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
--------------
Other Fertilizer Plays
Potash (POT)
Monsanto (MON)
China Green Agriculture (CGA)
China Agritech (CAGC)
Converted Organics, a manufactures all-natural fertilizer and soil amendment products, has been trading above the $1.00 mark for the past 10 trading days, which may meet the NASDAQ requirement to remain trading on the national exchange. In addition, the company had recently announced the lifting of its going concern, new fertilizer sales, and obtained a new infusion of working capital into the company. Announcement of listing compliance could be pending.
Ludlow Capital, a New York City based equity research firm, has recently issued a 'near-term' target for COIN in the $1.50 to $2.00 range on improving outlook. The stock closed Monday at $1.06 per share.
Interest has also been shown in the company's publicly traded warrants, COINW, which grants holders the right to purchase COIN at $1.30 a share, with an expiration date of Oct. 2014.
Contact:
Wall Street Newscast
Email: info@wallstreetnewscast.com
--------------
Other Fertilizer Plays
Potash (POT)
Monsanto (MON)
China Green Agriculture (CGA)
China Agritech (CAGC)
Monday, April 26, 2010
TGI Solar Power Group (TSPG) Volume Increase on Renewed Interest
The Company is currently traded on the Pink Sheet exchange, with around 150 million shares issued and outstanding. So, obviously this is a purely a 'speculative' green technology play. Based on recent developments we could foresee the company trading in the $0.10 to $0.15 range, near-term.
Ludlow Capital Issues $1.50 - $2.00 Price Target on Converted Organics (COIN)
(NEW YORK) – Organic fertilizer producer, Converted Organics, Inc. (NASD:COIN), announces a 65% growth in Q1 2010 sales, and lifting of going concern status for their company.
In the past month, the Company has wiped away their going concern, resolved outstanding legal issues, added new additional working capital to fulfill new orders, and announced new sales so far for 2010. Things seem to be moving forward on the right bases, in our opinion. Based on recent news, we are still projecting COIN, and their under lying warrants COINW, to move back up above the $1.50 to $2.00 mark in the near-term on growing sales and operating capital outlook.
In the past month, the Company has wiped away their going concern, resolved outstanding legal issues, added new additional working capital to fulfill new orders, and announced new sales so far for 2010. Things seem to be moving forward on the right bases, in our opinion. Based on recent news, we are still projecting COIN, and their under lying warrants COINW, to move back up above the $1.50 to $2.00 mark in the near-term on growing sales and operating capital outlook.
Ludlow Capital Issues $1.50-$2.00 Price target on PremierWest Bancorp (PRWT)
( NEW YORK) – Regional bank, PremierWest Bancorp (NASD:PRWT), may have cleared one of their last hurdles to help bring them back from the brink.
Premier Bancorp received an FDIC consent order requiring the company to take additional steps to bring their small regional bank back into regulatory graces, but this may also signal the chances of PRWT going the way of receivership may now be off the table.
"We would project seeing PRWT to move back up above the $1.00 mark going into earnings announcement, and wouldn't be surprised to see this small regional bank back above the $1.50 to $2.00 range as things continue to improve."
Premier Bancorp received an FDIC consent order requiring the company to take additional steps to bring their small regional bank back into regulatory graces, but this may also signal the chances of PRWT going the way of receivership may now be off the table.
"We would project seeing PRWT to move back up above the $1.00 mark going into earnings announcement, and wouldn't be surprised to see this small regional bank back above the $1.50 to $2.00 range as things continue to improve."
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