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HOT WEB INCORPORATED (OTC: HWBI) up 233.33% on Thursday Hot Web, Inc. is engaged in the business of consigning "big ticket" transportation related items through its diversified presences, both online and offline. The Company's mission is to "change the way the world buys and/or bids online" by harnessing the power of the Internet and coupling it with human interaction and expertise to create a safe, productive, comfortable and 'Fraud Free' way to conduct online/offline commerce. The company utilizes both its internal certified regional representative base in addition to online third-party marketing tools like eBay Motors and others to attract and market vehicle listings. The company is also currently developing other Hot Web branded online business units to complement its current roster.
HWBI News:
March 27 - Hot Web, Inc. Announces Elimination of Legacy Debts and Capital Restructuring
Hot Web, Inc. (OTC: HWBI) announced that the Company has successfully eliminated approximately $1.6 Million in "legacy" debt that was incurred by Snap 'N Sold Corporation, Hot Web's predecessor company, in an effort to prepare Hot Web, Inc. for future financial audits, fully-reporting listing status and growth of its businesses.
Pursuant to the restructuring, the capital structure of Hot Web is as follows: Officially, there are currently 750 Million shares Authorized with 454,887,086 shares Issued and Outstanding. Internal estimates of the "tradable" float remain - otherwise known as shares within the DTC system - at approximately 191,592,711.
Stevens continued, "Not only were we able to eliminate the debt under favorable terms, but we were also able to improve the capital position of Hot Web. After lengthy discussions with Hot Web's management team and a comprehensive review of the Company's business plan and operating models, the cost basis that the debt holders and investors accepted under this agreement truly shows the potential they believe Hot Web possesses."
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ENZYME ENVIRONMENTAL (OTC: EESO) up 128.57% on Thursday Enzyme Consultants Organization (ECO) is a U.S. based manufacturer of industrial and agricultural enzyme products. All manufacturing, testing, and formulating are conducted in its manufacturing plant, located in Fort Wayne, Indiana. ECO strives to become a leader in ecological friendly or "Green Products" targeting the industrial and agricultural markets. It is our goal to have the best performing products on the market in each industry. Developing a growing and satisfied customer base is our number one marketing strategy.
EESO News:
March 24 - Enzyme Environmental Solutions Enters Negotiations to Acquire a U.S. Test Site and Name/Symbol Change
Enzyme Environmental Solutions Inc. (OTC: EESO) CEO Jared Hochstedler announced that the company has entered into negotiations to acquire a test site to continue improving its agricultural odor reduction product.
Hochstedler commented, "With the Korean distribution center ordering such large quantities, it only stands to reason to have a test site that will allow us to work locally with our biochemists to continue to monitor and improve our products' effectiveness. Once the final terms are agreed upon, the company will own about 10 acres of ground that is already housing a 650-head swine operation. The daily operations will be contracted out to an experienced local farming company. The property has approximately 1.5 million gallon sewage lagoon to handle the waste."
Hochstedler jokingly commented, "This will be like having my own sand box to play in. Of course we are more interested in the odor and waste of the hogs than the hogs themselves. I am excited to have a local site to further develop our current products and continue with a project that will turn the actual waste into a compost that can be sold in bags as fertilizer."
"This is an exciting time for our company. I am getting calls from all over the world inquiring about our products for not only private labeling opportunities, but we have also begun discussions with a major worldwide company for the use of our cleaning solutions in their own factories and warehouses. We will be moving our production facility soon into a newly renovated manufacturing facility with roughly 9,000 square feet to increase capacity for these new orders and a test lab. I am also pleased to have the approval from NASDAQ for the name change and new symbol. Keep checking the website daily for our new product lines and updates," stated Hochstedler.
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KREIDO BIOFUELS INCORPORATED (OTCBB: KRBF) up 50.00% on Thursday Kreido Biofuels, Inc. provides a process intensification technology, the STT system, for the manufacture of biodiesel and other chemical products primarily in the United States. The company's STT technology provides solutions to various research, development, and manufacturing issues related to the production of chemicals and pharmaceuticals. This technology could be used in various applications, including biodiesel and other biofuels, specialty chemicals, flavor and fragrance, small molecule pharmaceuticals, and food processing. Kreido Biofuels has collaborations with university and government laboratories, including the US Environmental Protection Agency (US EPA), as well as with Fortune 500 chemical and pharmaceutical companies for the development of advanced chemical processes. The company was founded in 1995 and is based in Camarillo, California.
KRBF News:
March 20 - Kreido Biofuels Provides Business Update
Kreido Biofuels, Inc. (OTCBB: KRBF), which has pioneered a break-through system for the production of biodiesel and for other chemical processing, provided a business update.
Chief Executive Officer Ben Binninger reported, "We have accomplished a great deal since our financing in 2007, and we are continuing to address the significant market and financing challenges affecting our industry and our company. We remain confident that our advanced technology will enable us to achieve both better raw material utilization and lower operating costs than conventional biodiesel plants. We believe these factors, coupled with our favorable plant location and our feedstock flexibility, position us to succeed." We are pleased to report on our progress during the last few months,
"Although these are all important milestones toward our goal of commencing biodiesel production in 2008, our efforts have been materially and adversely affected by unprecedented increases in the cost of vegetable oils, downward pricing pressure on biodiesel, and the severe contraction in the capital markets in general and in the alternative fuels sector in particular. The tightening of potential margins in the alternative fuel sector is affecting the ability of biodiesel companies to attract needed capital," stated Binninger.
"We expected by now to have raised the additional funds necessary to commence construction at Wilmington. Due to delays in funding, obtaining final governmental approvals and in light of current adverse biodiesel market conditions, we have pushed back our target commercial production date to the fourth quarter which would still allow us to benefit from the government mandate for the use of 500 million gallons of biodiesel that becomes effective on January 1, 2009 through the Energy and Security Independence Act of 2007.
"The initial Wilmington plant will have annual capacity of 33-50 million gallons. We must raise approximately $25 million for working capital and to complete this plant, which we now estimate will cost between $30 million and $32 million. This cost estimate includes approximately $4 million to prepare the site for the second modular unit that would bring capacity up to 66-100mgy. The increase in construction cost is due to the delay in completing the plant, process changes and improvements as well as additional requirements related to permitting and government approvals.
"As of December 31, 2007, Kreido's cash balance was $6 million. We believe we have sufficient cash to continue to operate the Company's Camarillo headquarters, laboratory and manufacturing facility while we continue to seek the necessary financing to commence construction. We have scaled back our spending in light of our current financial resources and will continue to manage our spending accordingly. We believe that by distinguishing Kreido from other alternative fuels companies, we will be able to attract the needed financing when capital market conditions stabilize and financing sources seek opportunities in our sector. We recognize that further delays in arranging financing and remaining approvals will adversely impact our Wilmington plant cost and construction schedule.
"The Kreido technology we will be installing will accelerate the rates of chemical reactions, increase conversions and yields and lower operating costs using less equipment than conventional processes. We remain as confident as ever that with adequate financial resources, we have the ability to deliver a more efficient biodiesel production facility. We expect to file our annual report on Form 10-KSB on March 31, 2008, which will contain additional information," concluded Binninger.
ABOUT KREIDO'S WILMINGTON PLANT
Operation of Kreido's Wilmington, North Carolina biodiesel facility is presently expected to commence in the fourth quarter of calendar 2008, subject to securing the necessary financing. Kreido's state-of-the-art plant will be equipped with in-line monitoring and fully integrated control systems, and will be situated on a deep water port further enhancing its attractiveness by providing access to U.S. East Coast and European market as well as for sourcing of imported feedstocks. The Wilmington plant will operate initially using vegetable oils as the feedstock and it is expected to provide employment for up to 20 local employees. Kreido also expects the Wilmington facility to serve as a showcase for carrying out the company's licensing strategy on a global scale.
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LIGHTING SCIENCE GROUP (OTCBB: LSCG) up 44.87% on Thursday Lighting Science Group Corporation produces lighting products utilizing optimized digital lighting technology. The company offers lowbay fixtures, display lighting fixtures, standard form factor bulbs, candles, and flashlights. It markets its products for the commercial, industrial, and consumer lighting markets. The company sells its products through lighting and electrical distributors; parking garage operators; distributors in the spa, hospitality, and leisure sectors; and retailers of energy products, as well as through its Web site. Lighting Science Group is based in Dallas, Texas.
LSCG News:
March 26 - Lighting Science Group and Michael Hayden Unveil LED-Based 'RIVER' on the Facade of New California Building
Nature-inspired Lighting Installation on New U.S. Bank Tower Will Illuminate Sacramento Skyline
LSG and Hayden's collaboration is two-part, in the seven-story Lobby will be an LED lighting display that visually replicates the sinuous curves and rushing water of the nearby American and Sacramento rivers that wind through and around the city, called "The RAPIDS". When completed, the other display, titled "LUMETRIC RIVER" will cover the building's South-facing louvered top with a LED video projection of rushing river water that will be visible at night from miles away. The exterior lighting elements feature LSG's new range of high-power linear fixtures. On the interior, Hayden will utilize 200 of LSG's 20-inch-square tiles, (called 'Chiclets' by HAYDEN), coupled with LSG's proprietary stream control system.
"I've been designing lumetric installations for more than 40 years, and Lighting Science Group is an instrumental partner in helping to bring my artistic vision to life," said Hayden. "The Capitol Mall project was particularly challenging, and LSG worked closely with me and the building's management to ensure the results were just how we had envisioned."
LSG has a long-term creative partnership with Hayden, who is best known for creating computer-controlled "Lumetric" sculptures. Their joint efforts have produced such innovative "architainment" installations like the interactive "GOSSAMER GALAXIES" at Radio Shack's corporate headquarters in Ft. Worth, Texas, which responds to the movement of people walking near it from all sides and is viewable from three floors.
Lighting Science Group anticipates that the Capitol Mall project installation will be completed by late April 2008.
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