Tuesday, January 29, 2008

(PINKSHEETS: SIVC), (Pink Sheets:TCLT), (OTCBB: WAVU), (OTCBB: WWAT), (Pink Sheets: WNBD).

RealPennies.com: Turning Pennies into dollars: (PINKSHEETS: SIVC), (Pink Sheets:TCLT), (OTCBB: WAVU), (OTCBB: WWAT), (Pink Sheets: WNBD).

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S3 Investment Company, Inc. (PINKSHEETS: SIVC)(January 29, 2008), a holding company with two subsidiaries doing business in the China market, today provided a report on CEO Jim Bickel's recently concluded trip to China, and his activities on behalf of S3's subsidiary businesses operating there. The report includes the recent signing of a new reverse merger client for the company's Redwood Capital subsidiary and discussions with additional potential reverse merger clients.

During the China trip, Mr. Bickel reviewed and conducted meetings with 6 potential clients, and management believes that 2 of the potential clients are positioned to execute a contract with Redwood Capital in the near term.

Redwood Capital, which provides advisory services for private Chinese companies seeking access to the U.S. public markets through reverse merger/acquisition transactions, participated in a recently closed acquisition transaction involving Dalian Chuming, a pork processing company with USD $70.4 million in sales in 2006, and USD $89.7 million in unaudited sales in the first three quarters of 2007. Energroup Holdings Corporation, a publicly traded Nevada corporation, acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited, a British Virgin Islands corporation ("PSI") and parent company of PRC-based Dalian Chuming. Energroup Holdings Corporation is traded under the symbol ENHD.

S3 also expects to report on the status of the equity payment from the Dalian Chuming transaction to Redwood Capital within the next several days.

Mr. Bickel visited the offices of S3's SINO UJE subsidiary during this most recent trip and met with management regarding the status of current supplier relationships. He reviewed new potential business opportunities and reported that SINO UJE anticipates a new representation contract with a U.S. company seeking access to the China market very shortly.

S3 recently announced that the company's Board of Directors had met and began formulating a plan to dividend shares of the stock of Redwood Capital's reverse merger clients to S3 shareholders of record at a future date. Further details and plans to implement such a strategy are expected to be discussed as they are developed.

S3 Investment Company, Inc. is a holding company with two subsidiaries doing business in the China market. S3 holds a 100% equity interest in Redwood Capital, which assists private Chinese companies in accessing U.S. capital markets by utilizing a network of investment banking relationships to achieve reverse merger transactions, and a 51% equity interest in SINO UJE, a non-stocking distributor of medical and industrial high-tech products to markets throughout China.

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Techalt, Inc. (Pink Sheets:TCLT) (January 29, 2008) announced that its merger partner, EV Parts, Inc. ("EV Parts"), an online supplier of electric vehicle parts and components, has announced it will soon be carrying electric vehicle ("EV") applications for the Dodge Neon and Toyota Echo.

EV Parts' President, Roderick Wilde, stated, "We have been working on many bolt-in kits for the growing EV markets world-wide. We also carry complete bolt-in kits for the Chevy S-10 and Geo Metro. We realize that it will take a bit of time to ramp up bolt-in kits for many other models but it is something that we are pursuing. Additionally, we anticipate providing a specialty use kit for Land Rovers as well as a new AC drive conversion kit to turn a Golf TDI into a Plug-In Biofuel Electric Hybrid."

"The current macro problem with others in the EV conversion market is that they have to rely on outside venders for their fabrication. The only way to solve this problem is to have your own fabrication facility. Since all we will be doing is EV-related fabrication we can hire as many people as necessary to handle increased demand for products and roll out our proprietary innovations globally," said Mr. Wilde.

Tom True, EV Parts' Chief Executive Officer, commented, "Part of our reasoning for entering the public sector is the tremendous opportunities we see globally. We are currently shipping to over 45 countries. We anticipate that upon opening our planned 3-6 international store/distribution/fabrication centers, some in tax-free zones established through prearranged meetings with foreign nationals, our delivery time and margins will significantly improve along with our name brand in this multi-billion dollar 'green' industry."

EV Parts will soon be featured on "Mean Green Machines", a new show airing on the Discovery Channel. The broadcasting schedule will be announced shortly.

EV Parts, Inc. is an online supplier of electric vehicle parts and components and has been selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets. EV Parts' merger with Techalt, Inc. is expected to close on or before March 18, 2008.

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Wave Uranium (OTCBB: WAVU) (January 29, 2008) announced a decision by the management and Board by unanimous vote to cancel 15 million shares.

This cancellation of outstanding shares will bring total shares outstanding down to 55,120,005 from the current outstanding total of 70,120,005. Management has made this decision to help earnings per share and to increase shareholder value.


Wave Uranium is a Las Vegas, Nevada based exploration and development uranium company. The Company is actively acquiring world class uranium properties in prolific mining areas in North America.

Wave Uranium has assembled a team of geologists and directors with proven track records in areas of mineral exploration, mining programs and accessing global capital markets.

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WorldWater & Solar Technologies Corp.(OTCBB: WWAT)(January 29, 2008), developer and marketer of proprietary high-power solar systems, announced that it has closed the merger with ENTECH, Inc. of Keller, Texas. This transaction was made possible through agreement with one of WorldWater's largest investors, the Quercus Trust (Quercus). Quercus exchanged 19.7 million of its common shares of WorldWater for 19,700 shares of convertible preferred stock and supplied WWAT with a $6 million bridge loan. The 19.7 million common shares and the bridge loan were subsequently utilized to complete the ENTECH merger.

Pursuant to the exchange agreement, once a shareholders meeting is held and additional common shares are authorized, a subsequent exchange with Quercus will be implemented. As a result, Quercus will receive 19.7 million common shares in exchange for the 19,700 shares of convertible preferred stock previously issued.

"The Quercus Trust, which has been an investor in our company since last spring, has demonstrated its strong commitment to both WorldWater and ENTECH by making this transaction possible on an expedited basis," said Quentin T. Kelly, Chairman and CEO. "As our investors know, the merger with ENTECH, 19 months in the making, paves the way for our company to provide 20x concentrator PV systems to the U.S. and international markets at costs among the lowest of all solar suppliers, including thin film manufacturers. Quercus made it possible to move forward without further delays, allowing us to take advantage of the many opportunities now on the table across the globe. With solar energy taking on greater significance both in the U.S. and overseas - and oil prices at near all-time highs - we simply could not wait any longer to merge our two companies and leverage the resulting synergies. Quercus enabled this to happen."

Dr. Walter Hesse, CEO of ENTECH, commented, "This is terrific. Now ENTECH and WorldWater & Solar Technologies can proceed with the production of our 20x concentrator lines. Together with WorldWater, we will be able to supply solar farms' throughout the world with electricity production at costs and efficiencies that we believe change the current economics of solar power - making it affordable to millions."

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January 28th, 2008-- Winning Brands Corporation (PINKSHEETS: WNBD) (January 29, 2008) reports that the trial use of its SMART(TM) Wet Cleaning Solutions in Ireland by The Lost Sock Laundrette in County Cork has passed all tests of efficacy required for the facility to convert from ordinary drycleaning and its use of the controversial solvent Perchloroethylene (Perc) into solvent-free operations instead. Winning Brands will ship 2 metric tonnes of SMART(TM) Wet Cleaning Solutions to Ireland in early February to provide initial commercial inventory for full scale operations and re-sale purposes at the Irish facility. This is because all equipment is working to specifications, personnel training is completed and garment cleaning customers are expressing pleasure with the results. The value at the retail level of this opening inventory is approximately $20,000. Winning Brands regards such proof-of-principle facilities as the proper basis on which to develop realistic long term forecasts of worldwide demand for its SMART(TM) Wet Cleaning Solutions. It is estimated that there are over 30,000 drycleaning establishments in the United States comparable to the converted Irish site. The majority of these are still using Perc.

The converted Irish drycleaner will now use Winning Brands' SMART(TM) Wet Cleaning solutions together with Miele Professional Wet Cleaning equipment and Veit finishing equipment entirely instead of Perc. The use of these three professional wet cleaning elements is known as the SMART(TM) Wet Cleaning System and effectively eliminates the need for Perc in the cleaning of garments that have traditionally been thought of as "Dryclean Only," including silk, wool and other sensitive garments. Additional benefits of the system include a reduction in electricity use, elimination of hazardous waste (and therefore reduced compliance costs), simpler staff training and an improved health & safety environment in the facility. Other proof-of-principle facilities that have converted from the use of Perc in drycleaning to the SMART(TM) Wet Cleaning System similarly report reduced costs, improved conditions and customer satisfaction.

The installation and training was carried out by the Solvent Free Solutions Team -- specialists in the conversion of drycleaning operations to the SMART Wet Cleaning System, working in collaboration with Winning Brands Corporation, Miele and Veit. George Loney, President of Solvent Free Solutions Inc was in charge of the Irish project for the group. As past President of the Ontario Fabricare Association, and a former drycleaner, Mr. Loney is uniquely qualified to comment on the effect of this new technology in the professional garment care industry. Loney remarks, "This partnership is great. The solutions from Winning Brands and equipment from Miele and Veit work together better than anything in the world that I have seen. There is only one way that the skeptics can be overcome -- 'see for yourself, then decide.'" Loney concludes, "The fact that the Irish operation is now past mere testing and into actual work with real garments in Northern County Cork proves that the system is not limited to a few locations, and not limited to a few garments. If it can be a hit in Mitchelstown, County Cork, Ireland then why not anywhere drycleaning is performed?"

Winning Brands Corporation developed and manufactures SMART(TM) Wet Cleaning Solutions. Its mission is to replace hazardous chemicals in widespread use with safer alternatives. SMART(TM) Wet Cleaning products are distributed by Solvent Free Solutions, Inc.

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