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TuesdayJul 17, 2007 6:56 pm

American Skiing (AESK.OB) Company Shuts Down

Prices for American Skiing Company (OTCBB: AESK) skyrocketed 50 percent yesterday after the company announced it had entered into a definitive agreement to sell its subsidiary, ASC Utah Inc., to the owner of The Canyons Talisker Canyons Finance Co. LLC for $100 million in cash.According to the most recent statement from the American Skiing Company, the sale of ASC Utah to Talisker Canyons Finance - a subsidiary of the Talisker Corporation - is part of the "planned disposition" of the last major resort assets of American Skiing Company. Although the companies agreed on $100 million in cash, the transaction is…

TuesdayJul 17, 2007 6:39 pm

Nascent Food Service, Inc. (NCTW.OB) is Poised to Grow Rapidly in the Near Future

Nascent is one of Mexico’s largest distribution, sales, merchandising and promotions company of imported food and beverage products. Its ability to provide a broad selection of foods and beverages has enabled the company to build a strong brand and a loyal customer base. The company has a 5-year exclusive distribution agreement with Miller Beer, in addition to having other exclusive distribution agreements with Avaso Ice Cream, Haagen Daz Ice Cream, Pillsbury, Green Giant, Reed Beverages, Ferraralle Water and Cabo Chips. The company plans to expand by acquiring many of the smaller food distributors in Mexico. The 25,000 small distributors are…

TuesdayJul 17, 2007 5:55 pm

CanAm Uranium Corp. (CAUI.OB) Stock Price Rises 18%

CanAm Uranium Corp. (CAUI.OB) makes bullish move in the market as shares rose a sharp 18% today on no news. Opening at a undervalued price of .43, shares price quickly rose to a high off .53, before consolidating the rest of the afternoon. Incorporated in Nevada, CanAm Uranium Corp is a junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for Uranium, of Canada, Southern Africa, Australia and the United States. CanAm Uranium Corp. has optioned over 159,000 acres of claims collectively within the Saskatchewan…

TuesdayJul 17, 2007 5:39 pm

Global Resource Corp. (GRBC.PK) Share price rises 11%

Global Resource Corp. (GBRC.PK) shares advanced 11% to close at $5.10. The share price continues to makes it’s strong bullish move, up over 400% in the last 60 days. Toda’s share increase follows yesterdays news that the company has entered a joint cooperation relationship with Ingersoll Production Systems (IPS). As a Global Resource Corp. partner, IPS will manufacture energy production systems at its Rockford, Illinois assembly plants. This partnership makes IPS the single manufacturing source for all GRC equipment, excluding its microwave components. Global Resource Corp.'s fuel extraction technology unlocks energy, in the form of oil and combustible gas, in…

TuesdayJul 17, 2007 4:35 pm

Wasserman Morris & Company Initiates Coverage on Modavox, Inc, (MDVX.OB)

Modavox, Inc, (MDVX.OB) announced today that Independent research firm Wasserman Morris & Company has issued a report on the company. Kipley J. Lytel, CFA, an analyst for the firm, initiated coverage of Modavox with a “Speculative Buy” rating. Mr. Lytel is a Senior Partner with Montecito Capital Management, a money management firm, as well as Chief Operating Officer of a publicly traded company focused on taking companies public and staying public with a compliance support platform. Wasserman Morris & Company Ltd. is an independent fee-based research, publishing and distribution firm whose contract analysts adhere to the ethics and standards of…

TuesdayJul 17, 2007 4:35 pm

Hybrid Technologies, Inc. (HYBT.OB) Shares Continue Upward Move

Hybrid Technologies, Inc. (HYBT.OB) shares continued upward today, closing up .057% following yesterdays news to close at $3.52. Previously the company announced that it has the honor of being selected to join the worlds most exclusive super cars at a prestigious event held April 24th to 27th of April 2008 in Monaco at the Grimaldi Forum. The L1X-75 all lithium super car was selected to showcase the advancements in all-electric vehicles. What also is exciting right now is that the company’s stock chart is currently forming what is known as a “Cup and Handle” formation. This is an indicator that…

TuesdayJul 17, 2007 4:34 pm

VIASPACE Inc. (VSPC.OB), Share Price Rises as Volume Continues Upward

VIASPACE Inc. (VSPC.OB), share price rose 4.48% today on increasing volume for the third straight trading day. VIASPACE is a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, recently announced that it continues to increase its sales base, expanding into the University market with an order from the University of Connecticut. This can be viewed as bullish news for the company. The University of Connecticut is among some 400 to 500 universities in the United States and other countries actively engaged in fuel cell research and development, many…

TuesdayJul 17, 2007 1:29 pm

Morning News Tuesday July 17th 2007

General News: - PPI drops 0.2%, but core is up 0.3%. The cause of the core rate hike is auto prices. - Breakdown of PPI: Women’s apparel rose 0.1%, gasoline fell 3.9%, cars rose 1.4%, light trucks rose 1%, food fell 0.8%, fruit fell 15%, and eggs fell 26% with energy falling 1.1%. - WSJ reports that falling home prices are about to take a chunk out of many midsized bank profits. Banks were shelling out loans to real estate developers, and now with prices down on land and homes, banks have to write off the loans. - ICSC (International…

TuesdayJul 17, 2007 9:41 am

Wall Street News Alert Issues “Must Read Report” Featuring Ultitek Ltd. (UITK.OB)

After yesterday’s closing bell, Ultitek announced that Market Advisors is initiating coverage on the company and awarded it with a $0.38 target price. Ultitek is engaged in computerized airline reservation distribution systems and recently announced that it is directly entering the Airline Distribution business. “With a strong foothold already established in Russia, Ultitek is in an enviable position going forward... We believe that the company has numerous sources of growth in cash flow. One area of steady revenue is directly attributed to the company's software product SIG23 (Sirena Internet Gateway) for organizing the interaction of their site with reservations systems,”…

TuesdayJul 17, 2007 7:26 am

Wallbangers.com CEO to Appear on MN1.com

John Mattes, CEO of Wallbangers.com, will be featured live on Market News First (www.mn1.com) for an exclusive live interview with Bob Leonard and Rich Hancock. The interview is scheduled for July 18, 2007 at 10:45 AM CDT and can be viewed live at www.mn1.com. Mr. Mattes will detail the company’s various product offerings and how to get one up on your wall. He will also tell the Wallbangers.com story from inception to now and outline their plans for the future. A wallbanger is a life-size, live-action, self-adhesive vinyl wall graphic of your favorite team crest or player. The graphic is…

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