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FridayJan 11, 2008 4:38 pm

Firstgold Corp (FGOC.OB) Announces Changes in Board and Appointment of New CEO

Firstgold Corp. (FGOC.OB) announced that the company has elected Stephen Akerfeldt to serve as the new CEO of Firstgold Corp. Furthermore, Scott Dockter, founder of Firstgold Corp, will step down from the company's Board of Directors within the next month. Once this management transition is complete, Stock Dockter will be replaced by mining industry veteran Kevin Bullock. Stephen Akerfeldt commented, "We are at an exciting stage in our company's development and we see this as the ideal time to separate the two executive roles. Scott Dockter has done an incredible job building this company. We are encouraged about our mining…

FridayJan 11, 2008 4:37 pm

Stinger Systems, Inc (STIY.OB) Remarks on Taser International Patent Case Comments

Stinger Systems, Inc. (STIY.OB), a leader in electro-stun technology, released comments regarding federal case CV-07-0042-PHX-MHM. This case, filed by Taser International, Inc (TASR), alleged that several of Stinger System's patents should be null in void. However, the United States Patent and Trademark Office reported that approximately 94% of ex-parte requests for patent re-examinations were granted in 2006 and that approximately 76% of such reexaminations were cancelled or amended. Robert Gruder, Stinger Systems' CEO stated, "Regarding Taser's patent case against Stinger, as I have said in the past, I find it insulting that Taser thinks I would want to infringe on…

FridayJan 11, 2008 4:35 pm

Benda Pharmaceutical, Inc. (BPMA.OB) Enters Into Advisory Agreements with CRT Capital Group LLC and EastGate Financial, Inc.

Benda Pharmaceutical, Inc (BPMA.OB), a China-based pharmaceutical company that produces traditional Chinese and conventional medicines, announced that the company has entered into a financial advisory agreement with CRT Capital Group LLC. According to the terms discussed in this agreement, CRT will assist Benda in evaluating their strategic and financial corporate alternatives, including joint ventures, spin-offs, financing, or other capital market transactions. Furthermore, Benda has also entered into a financial advisory agreement with EastGate Financial, Inc. EastGate will help Benda apply for a listing on the American Stock Exchange and help Benda identify and choose an AMEX specialist firm. Yiqing Wan,…

FridayJan 11, 2008 4:33 pm

China 3C Group (CHCG.OB) Announces Cooperation Agreement with Lotour Company to Increase Store Count

China 3C Group (CHCG.OB), a retailer and distributor of consumer and business products in China, announced that the company has entered into an agreement with the Lotour Company. Under the terms of this agreement, Lotour is to open China 3C mobile phone booths in particular Lotour stores. Chairman and CEO Zhenggang Wang commented, "This agreement opens a new chapter in our expansion of the 3C market in China. Most of our stores now are located in large department stores or large electronics retailers. The arrangement with Lotour enables us to also expand our relationships with a company that is solely…

FridayJan 11, 2008 4:33 pm

Global Warming Solutions, Inc (GWSO.PK) Acquires Wave Energy Technology

Global Warming Solutions, Inc (GWSO.PK), a developer of technologies aimed at mitigating the effects of global warming, announced that the company has acquired Wave Electric Power Station (WEPS) technology. This energy, acquired from an affiliate of Coral-Invest Technologies, will help the company grow its product portfolio tremendously. This particular WEPS technology utilizes floating generators deployed in the ocean to capture energy from the movement of sea waves and coverts this motion into electricity. Each generator can produce up to 100KwH of energy per day, a significant value. Dr. Vladimir Vasilenko, CEO of Global Warming Solutions, stated, "We are extremely pleased…

FridayJan 11, 2008 4:31 pm

OTCReporter Featured Company: Gulf Resources, Inc. (GFRE.OB) Introduces Two High End Projects

Gulf Resources, Inc. (GFRE) has become a leading provider of bromine, crude salt and produces an assortment of various specialty chemicals throughout China. The products that the company offers are necessary components for China’s flourishing oil and paper-making industries. Along with bromine, the company manufactures and supplies crude salt, which is primarily found in large quantities near the bromine brine wells. In 2006 alone, Gulf Resources delivered 10,000 tons of oil and gases related chemical products, in addition to 7,000 tons of papermaking related chemical products. Gulf Resources is one of only six companies with a highly coveted Chinese license…

FridayJan 11, 2008 2:04 pm

USTelematics, Inc. (UTLM.OB) Unveils Breakthrough Technology and New Products at the 2008 International Consumer Electronics Show

This week at the International Consumer Electronics Show in Las Vegas, Nevada, USTelematics showed off its revolutionary product lines. The USTelematics product lines have introduced revolutionary advances in automobile-based digital communications, mobile wi-fi internet access and rear-seat entertainment for traveling families. The highlight of the show is Voyager the company’s Mobile IPTV that works with either DirecTV or Dish Network. The system, available in monitor sizes from 7’’ to 12’’, offers users access to hundreds of channels of live and stored TV shows, movies, music, online games and more all in the comfort of your moving vehicle. USTelematics also offers…

FridayJan 11, 2008 11:39 am

Hidalgo Mining International (HMIT.PK) Rises Over 70% on Recent News of Equipment Purchase

The price of Gold has recently sky rocketed to over $875 per ounce, Hidalgo Mining International hopes to cash in on this in a big way in West Africa. With the recent purchase of dredges, mining equipment and a 50-yard per hour Goldfield series wash plant, the company hopes to start production by the end of January 2008. President of HMIT, Mark Daniel Klok, anticipates revenues in excess of $6.64 million for the company in 2008. This is the year where HMIT hopes to transition from an exploratory company into a producing company, and Klok believes that is possible after…

FridayJan 11, 2008 10:40 am

VirTra Systems, Inc. (VTSI.OB) Reaches an Additional 50% Gains During Friday's Trading Hours

Yesterday afternoon we mentioned that VTSI.OB share prices were moving upward powerfully. Today the stock made an explosive move to $0.24 for 50% gains since just yesterday’s close and 300% gains from a low made towards the end of December. In October of last year VirTra Systems launched a new mobile live-fire small arms training simulation trailer product. The simulation trailer is based on the Company’s successful IVR simulation technology, which offers a full-featured judgmental-use-of-force scenario and three-lane marksmanship/target simulator. The VP of Simulation commented, “Demand for such mobile live-fire trailers is considerable both domestically as well as internationally. The…

FridayJan 11, 2008 9:16 am

HotOtc Featured Company: Idenix Pharmaceuticals (IDIX) Reloaded and Ready for HIV Success

Idenix Pharmaceuticals has cleared successes from its development board and is pushing forward with later stages of a phase II HIV medication. Idenix Pharmaceuticals has cleared its successes off the development board and is now ready to bring its next development products closer to market. In the past year, the company has been able to pass along its successful Tyzeka/Sebivo product to Novartis, the company’s collaboration partner, freeing capital and marketing expense. The passing along of product expenses, expected to save the company approximately $45 million, has also enabled the company to pair human resources costs and focus on development…

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