RealPennies.com: Turning Pennies into dollars: (OTCBB:ITRO), (Pink Sheets:IDGJ), (OTCBB:ETEV), (Pink Sheets:STHG)
Are you a public company looking for exposure?
Contact RealPennies.com - 1.800.940.6559
For more info: http://itro.realpennies.com
Itronics Inc. (OTC Bulletin Board: ITRO) today reported that it has formed Itronics Gold'n Minerals, Inc., a special purpose subsidiary, that will acquire gold and mineral properties and invest in Junior Gold and Mineral Companies which provide the opportunity to develop and commercialize environmentally friendly mining and mineral extraction and processing technologies.
Now that Itronics' technical services group, Whitney & Whitney, Inc. has established the global Gold Producing Stocks web site, http://www.insidemetals.com, it will use this worldwide data base and its extensive mineral property library to identify certain properties and/or companies that the new subsidiary can acquire or invest in at relatively low cost. Properties acquired will be developed or joint ventured, and may be able to utilize Itronics' metal and mineral extraction technologies to achieve environmentally compatible mineral processing.
"Adding this new subsidiary to Itronics integrated group of businesses accomplishes two important objectives for the Company," said Dr. John Whitney, Itronics President. "It creates a third path to large scale growth for Itronics, and it provides Itronics an opportunity to monetize more of its intellectual property for the benefit of its shareholders." Whitney & Whitney, Inc. will provide management and technical services to the new subsidiary, which will seek multi-mineral properties and make strategic investments in small specialty companies that are in early stage operation development or small scale commercial operation and that have the potential for expansion. A strategic objective is for this subsidiary to become an operating mining division for Itronics, which will utilize advanced environmentally compatible technologies to mine, extract, and sell mineral and metal products from multi-mineral properties.
The Company believes that this expansion will increase the rate of income and asset growth for Itronics' shareholders. The funding plan is to privately place shares in the subsidiary with qualified investors to provide start up capital and then to take it public within a two to three year time frame. The Company believes that this will become the exit strategy for the initial private investors, and it will create measurable market value for Itronics.
Itronics believes that sharply rising gold and silver prices in particular and rising prices for all metals and minerals in general, are providing a strong incentive for investors to fund new mining projects as well as mineral extraction and processing technology development. "With our demonstrated ability to create and commercially establish revolutionary new recycling and chemical process technology, and with Whitney & Whitney's successful track record of assisting mining companies with new mine development, we are confident that Itronics is well positioned to participate in this new and rapidly emerging technology segment," said Dr. Whitney.
For more info: http://idgl.realpennies.com
IDGLOBAL (Pink Sheets:IDGJ)(January 7, 2008) confirms that on the morning of December 28, 2007, its application was acknowledged and accepted by the U.S. Securities and Exchange Commission (SEC) for up-listing shares to the OTC:BB. IDGLOBAL's legal counsel, Applbaum & Zouvas LLP, completed and submitted IDGLOBAL's application to become a reporting issuer and management is encouraged and hopeful that its application will be accepted and approved in the very near future. Daryl Regier, IDGLOBAL's President and CEO, stated, "We have worked long and hard on putting in place the reporting infrastructure and accounting procedures that comply and ensure timely release and disclosure of all information on a quarterly and annual basis as required by a reporting issuer to shareholders. It is a critical milestone to migrate our listing to a level commensurate with the sophistication of our growing investor base. Successfully completing a listing on the OTC:BB is one of several key steps IDGLOBAL is pursuing to impress upon investors a new level of credibility and visibility of disclosure."
For more info: http://eteve.realpennies.com
Ethos Environmental, Inc. (OTC BB:ETEVE)(January 8, 2008), a San Diego-based corporation, is the manufacturer of award-winning fuel reformulator products that help industries meet environmental regulations and relieve skyrocketing fuel costs. Ethos Bunker Fuel Conditioner significantly reduces carbon monoxide when added to heavy fuel oil.
ETEVE is a manufacturer and distributor of a unique line of fuel reformulating products, namely Ethos FR , is pleased to announce its financial results for the third quarter of 2007. Third Quarter Results The Company recognized revenues of $2,299,183 for the three months ended September 30, 2007 and $7,596,279 for the nine months ended September 30, 2007 compared to revenues of $1,546,078 and $4,244,020 for the same periods in the prior year. For the nine months ended September 30, 2007, this represents an increase of $3,352,259 or 79%.
Gross profit, defined as revenues less cost of goods sold, was $1,736,252 or 75% of sales for the three months ended September 30, 2007 and $5,323,406 or 70% for the nine months ended September 30, 2007, compared to $736,074 or 48% of sales for the three months ended September 30, 2006 and $2,522,910 or 59% for the nine months ended September 30, 2006. In absolute terms, gross profit increased 111% for the nine months ended September 30, 2007 compared to same period in the prior year.
"We continued our business model by expanding our sales to Africa, Australia and Latin America. Our products reduce damaging emissions, while increasing fuel efficiency and extending engine life. The Company has continued to gain market support and attract new customers worldwide. Through the remainder of this year, we anticipate continued growth as the world becomes more aware of our technology through proof of performance," according to Enrique de Vilmorin, Chief Executive Officer.
For more info: http://sthg.realpennies.com
January 8, 2008- Steadfast Holdings Group, Inc. (Other OTC:STHG), announced that it has completed the purchase of the land and building in Meriden, CT where it opened its second store in 2007. The building and its acre of improved land cost approximately $790,000. The purchase was paid for with cash and a mortgage of $445,000. "This location is expected to gross approximately $840,000 in revenue and provide pre tax profit in excess of $225,000," stated John Calash, company President. "This building is a significant acquisition providing our new company headquarters and a Steadfast Custom Linings store. The purchase of the building will allow expansion on the site as necessary for warehousing or offices and already appears to be profitable with an appraisal for the mortgage at $860,000," Calash continued.
Read our full disclaimer at: http://www.realpennies.com/start.html
Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on RealPennies. For more movers: http://www.realpennies.com/wrapup.html
Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice.
Sitemap: http://www.realpennies.com/sitemap.html
RealPennies .
Telephone: 1-800-940-6559
Matt /at/ realpennies.com
No comments:
Post a Comment