Turning Pennies into dollars: (OTC: KCMH), (OTC: PSRZ), (OTCBB: MMGP), (OTCBB: VSPC), (OTCBB: VOYT)
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GLOBAL ENTERTAINMENT ACQUISITION CORPORATION (OTC: PSRZ) up 29.58% in morning trading
Global Entertainment Acquisition Corporation, currently doing business as Pop Starz Incorporated, is an emerging film production company headed by Maurice Smith, a veteran filmmaker who has produced many successful and memorable films such as "Screwballs," "Totally Blonde," "Alien Predator," "Recruits 1 and 2" and many other films over his distinguished 30-year career. His films have been distributed in virtually every country in the world and has distribution on several films currently with some of the largest film distributors in the world. The company will focus on producing small budget films in the Comedy and Sci Fi genres while searching for and developing emerging talent including writers, directors and actors to work on their films. In an era of expanded outlets of distribution, content is in higher demand than ever. it is Global's mission to become a leading content provider of entertaining, high quality films to feed the global demand.
PSRZ News:
May 21 - Global Entertainment Announces First Production; Superhero Sci-Fi Thriller 'Spiderella'
Maurice Smith's First Feature as Global's CEO to Feed Public's Insatiable Appetite for Superhero Flix
Global Entertainment Acquisition Corporation (OTC: PSRZ) announced that it has secured the filming rights to the screenplay "Spiderella," a Sci-Fi thriller it hopes will launch the newest Super-Heroine, Spiderella. The new feature film and music production company, located in Beverly Hills, CA, selected the screenplay as the vehicle in which to launch its company, in order to feed what the company believes is the insatiable appetite of audiences for Super Hero flix. "Just look at this past two weeks with the powerhouse 'Ironman,' which grossed $200,000,000.00 worldwide in its first week in theatres, and the ads permeating our media for 'Hulk,'" says newly appointed CEO Maurice Smith. "It is clear what the public wants and we will give it to them with this incredibly entertaining feature film." The company has already begun pre-production on the film, and will begin to cast the picture soon. It is expected to begin shooting the thriller mid-summer.
Additionally, the company announced the launch of its Web site, www.globalentertainmentcorp.com, and hired multi-platinum music maven, Del, to head up its music division, which the company expects to become a major force not only as a vendor for film production companies worldwide, but as a tremendous resource for the company's in-house productions.
"Needless to say, Del has the pedigree to deliver outstanding, cutting edge music and will enhance our film's entertainment production values immensely," says CEO Smith.
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MM2 GROUP INCORPORATED (OTCBB: MMGP) up 11.11% in morning trading
MM2 Group, Inc., through its subsidiary, Genotec Nutritionals, Inc., engages in the formulation, marketing, and distribution of nutritional supplements and vitamins in the United States. It sells various products, including fish oil, grape powder, resveratrol, lutein, and psyllium powder, as well as various custom formulations, such as formulations for diet, cardiac support, eye support, immunity support, and aging support. The company also sells custom formulations for pet care, including a shedding formula, a coat formula, dog and cat joint formulas, and pet multi-vitamins for dogs and cats. MM2 Group is based in Livingston, New Jersey.
MMGP News:
May 21 - MM2 Group Reports Record Net Income of $2,019,862 for Quarter Ending March 31, 2008
MM2 Group, Inc. (OTCBB: MMGP) reported on May 20, 2008, in a Form 10-QSB filing with the Securities and Exchange Commission, net income of $2,019,862 for the quarter ending March 31, 2008, which is the third quarter of fiscal 2008 for the Company. In the same time period last year, the Company reported income of $254,223.
Total sales for the three months ended March 31, 2008 and 2007 were $685,663 and $247,954, respectively. The increase in sales in 2008 was derived from the sales of nutritional supplements by Genotec Nutritionals, Inc., the Company's wholly-owned subsidiary.
Total other (income) expense for the three months ended March 31, 2008 was an income of $2,169,040. This total was comprised of a gain on revaluation of derivatives of $2,711,630. This amount was offset by ammortization of the discount on debt conversion of $223,344, liquidated damages of $108,275, interest expense of $47,387 and beneficial interest expense of $165,074. Loss from operations for the three months ended March 31, 2008 equaled $149,178 versus a loss of $492,597 in the same period last year.
This financial performance is a record in the history of the MM2 Group.
Mark Meller, CEO of MM2 Group, commented, "We are proud to report these results for the third quarter of 2008. The management team at Genotec Nutritionals, our wholly-owned subsidiary, is doing an excellent job of delivering great results. We look forward to continuing to deliver superior results throughout the rest of the year. Shareholders should read the complete details of our third quarter results in the Company's recently filed Form 10-QSB."
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VIASPACE INCORPORATED (OTCBB: VSPC) up 21.62% in morning trading
VIASPACE, Inc. commercializes space and defense technologies from NASA and the department of defense into hardware and software products in the United States. The company provides disposable fuel cartridges and intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells; and develops products and services based on inference and sensor data fusion technology. It also develops mass spectrometry technology that improves the application of mass spectrometry for industrial process control and environmental monitoring, and produces detection systems for homeland security, as well as holds patents and various patent applications in the areas of interactive radio technology. The company's direct methanol fuel cell-based products are developed for laptop computers, cell phones, music players, and other applications. It offers its services in the areas of energy/fuel cells, microelectronics, sensors and software for defense, homeland security and public safety, and information and computational technology. VIASPACE was founded in 1998 and is based in Pasadena, California.
VSPC News:
May 20 - VIASPACE Wins Global Distributorship for HYB Premium Lithium Ion Batteries
VIASPACE Inc. (OTCBB: VSPC) announced that it has signed an agreement to globally distribute the rechargeable lithium ion batteries produced by HYB Battery Co. Ltd, a technology leader in China. HYB, founded in 1999, produces high-quality, yet low-cost batteries. HYB batteries are used in a wide range of portable electronic applications, a $6 Billion market sector, including notebook computers, digital video and still cameras, GPS devices, and mobile phones. In addition, HYB also produces high discharge rate batteries for power tools, uninterruptible power supplies and light electric vehicles. HYB high quality has been audited and certified by 12 major customers. Its current customer list includes industry leaders such as Samsung, Tyco, Garmin, Philips, VARTA, Foxconn, and CelExpert.
HYB Battery Co. Ltd.'s 500,000 m2 manufacturing facility is located in Shenzhen, China. With 1600 employees and modern automated equipment, HYB's current capacity is 300,000 pieces per day. Production capacity is scheduled to double in the next 12 months. HYB has extensive quality and safety control procedures. They are ISO 9001 and 14001 certified, and their products are approved by Underwriters Laboratories (UL), CE marked and RoHS compliant. HYB produces cylindrical cells in the standard 18650, 14430 and other sizes. They have 20 different sizes of prismatic cells, and high-capacity cells with energy storage capacities ranging from 8-80 amp hours.
VIASPACE CEO Carl Kukkonen stated, "HYB has the precision batteries needed for demanding applications that require highest uniformity and quality, such as such as notebook computers and cell phones HYB already has batteries in commercial digital video and still cameras, cordless phones, and portable GPS systems. We will represent HYB in their existing market sectors, and develop new business in high-power applications such as power tools, electric bicycles and scooters, where we see market projections of a 400% increase in sales in the next two years. The VIASPACE Energy business unit focuses on alternative energy and portable power solutions. HYB adds great new rechargeable battery product line that complements our current battery and fuel cell products. HYB manufactures high quality batteries with an excellent safety record, and they sell them at a substantially lower cost than their Japanese and Korean competitors that currently dominate this $6 Billion marketplace."
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VOYANT INTERNATIONAL CORPORATION (OTCBB: VOYT) up 26.25% in morning trading
Voyant International Corporation, a media and technology holding company, focuses on identifying and developing various media-based technologies, media assets, and strategic partnerships to deliver commercial and consumer solutions. The company, through its subsidiary, Rocketstream Holding Corporation, develops a protocol technology to deliver rich-media content over the Internet. Its combined suite of technologies comprises integrated components based on its proprietary packet protocol, data encryption technologies, and acceleration transports. RocketStream provides its technologies for the delivery of video, audio, and groupware chat, as well as bi-directional voice over IP facilities; and a solution for file transfer and media delivery over IP network. The company's other subsidiary, Centerpoint Broadband Technologies, operates as an optical networking and wireless communications company. It builds an optical networking platform and a broadband wireless platform around high speed communication technologies for military applications. Voyant International has a joint venture to develop the Sports Immortals Cyber Museum internet portal, an immersive and interactive online showcase that celebrates the memories and achievements of the athletes in sports history. The company was founded in 1994 as Zeros & Ones, Inc. and later changed its name to Voyant International Corp. in April, 2007. Voyant International is headquartered in Palo Alto, California.
VOYT News:
May 21 - Voyant Receives $2 Million Order for White Space Radios
New Product Line to Serve Large, Innovative Wireless Data Applications
Voyant International Corporation (OTCBB: VOYT), a diversified digital media and technology holding company, announced that it has entered the high-growth wireless communications market and has received a $2 million contract for the development and production of the first 3,000 White Space Radios (WSRs). This WSR program is part of Voyant's ongoing strategy to combine existing and new technologies with the company's substantial portfolio of intellectual property and domain knowledge in order to address large, emerging applications in the wireless sector.
The Voyant WSR is a novel, advanced broadband radio that will utilize the so-called spectral white space soon being made available by the FCC. The white space spectrum represents over 200 MHz of valuable bandwidth in the VHF/UHF band. These frequencies support high-capacity, long-range and reliable wireless communications, making them particularly useful for innovative new services, including so-called WiFi 2.0 applications.
"The white space spectrum represents a new frontier for innovation in wireless communications, and this program establishes Voyant as a pioneer and leader in the WSR field," explained Ed Gerhardt, Voyant's general manager of wireless systems. "Our technological skill set, intellectual property and experience in wireless systems make Voyant particularly well-suited to undertake this challenging and exciting project and open the door to a host of exciting new applications and markets."
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