Turning Pennies into dollars: (OTCBB: BSRC), (OTC: PINR), (OTCBB: CAAH), (OTCBB: CLXS)
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BIOSOLAR INCORPORATED (OTC: BSRC)
BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components. The company was founded in April 2006. It was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.
BSRC News:
May 19 - BioSolar's Dr. Stan Levy Selected to Present Company's Breakthrough BioBacksheet Solar Cell Technology at Key Industry Meeting
Chief Technology Officer to Speak at SPIE, the Largest Optical Science and Technology Meeting in North America
BioSolar(TM), Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, announced that Dr. Stan Levy, the company's Chief Technology Officer, will present at the SPIE Symposium on Solar Applications and Energy conference on Tuesday, August 12, 2008 in San Diego, CA.
Dr. Levy will present findings from the company's technology development program, which led to BioSolar's breakthrough photovoltaic cell component, the BioBacksheet(TM). He will speak to thousands of engineers and researchers gathered for the SPIE symposium, the largest optical science and technology meeting in North America.
"Dr. Levy has spearheaded our technology development efforts, and in a highly efficient fashion, delivered a uniquely sophisticated product that has stimulated interest on the part of a significant number of major solar cell manufacturers," said Dr. David Lee, CEO of BioSolar. "The submissions panel at the SPIE Symposium on Solar Applications and Energy recognizes the unique nature of our new product and has asked Dr. Levy to deliver an oral presentation, rather than the more common poster presentation. This forum will allow Dr. Levy to discuss in detail the various scientific breakthroughs underlying our BioBacksheet(TM)."
BioSolar recently announced that the company has delivered BioBacksheet(TM) samples to a select group of solar cell manufacturers in multiple regions of the country. BioSolar also has received numerous requests for analysis samples from high-volume manufacturers, located in the U.S. and abroad.
"The high level of industry interest in our new product and Dr. Levy's invitation to speak at SPIE are tributes to the significance of his contributions to BioSolar and our shareholders," said Dr. Lee.
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PINE RIDGE HOLDINGS INCORPORATED (OTC: PINR) up 60.00% in morning trading
Pine Ridge specializes in the development and management of real estate projects. Pine Ridge currently manages Pine Ridge Racquet Club and owns Pine Ridge Fitness Club located in Fort Wayne, Indiana, a seven court, full service indoor tennis facility and Pine Ridge Fitness Club is a 12,000 square foot, premier fitness facility currently employing 35 people. In addition, the Company manages the tennis operations for Pine Valley Country Club, Fort Wayne, Indiana and a four court, indoor tennis facility in Warsaw, Indiana.
PINR News:
May 19 - Pine Ridge Holdings Enters Formal Negotiations
Pine Ridge Holdings, Inc. (OTC: PINR) Kevin May, CEO of Pine Ridge Holdings (PINR), announced the first of what is expected to be several significant related announcements in the days ahead. As was shared in the last press release, it is the intent of PINR to take advantage of the company's expanding network and to use this network to acquire, both fully and in part, companies that will bring significant value to Pine Ridge Holdings.
May stated, "There are simply too many opportunities to not aggressively go after multiple acquisitions at the same time. The first company that we have approached is ServeNation, LLC. We have been in negotiations with their management and believe that we are very close to being able to announce an agreement. As our shareholders know, our current income verticals involve primarily real estate and tennis/physical fitness operations. These are good, stable, asset rich operations. But we are pursuing companies in industries that can show significant growth and can achieve high valuations."
ServeNation, LLC is a privately held, online social networking website that works exclusively with U.S.-based non-profits. Birthed from MinistryHome, Inc., ServeNation, LLC is an independent corporation that provides social networks, websites and fund raising tools for non-profits across the country. Using the same in-house created code that made MinistryHome successful, ServeNation carries with it all of the advantages of a traditional dot com - including, most importantly from PINR's perspective, an incredible valuation multiple of 3.75 times gross revenue.
May continued, "The unique on-line fund raising tools of ServeNation alone can create significant revenues. I hope to find other companies that are valued on revenues and not EBITA, but this is a great start for PINR. I hope to share more about this relationship in the coming days."
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CHINA AMERICA HOLDINGS (OTCBB: CAAH) up 25.00% in morning trading
China America Holdings, Inc. engages in the design, manufacture, and sale of fingerprint-based identification products and systems. It offers biometric BioClock, a network enabled system, which replaces traditional identification devices. The company provides CheckPrint T/A system that authenticates the employee's identity, tracks total hours, and calculates the correct pay rates, as well as performs employee scheduling, job cost analysis, editing time punches, electronic calculations, and related record keeping functions. It also offers CheckPrint A/C access control systems, which permit access to locked buildings, offices, or other secured areas; CheckPrint ATAC that combines access control, and time and attendance systems; Biometric Distribution Server, which enables other systems to operate in a multiunit configuration; CheckPrint SDK, a software development kit for biometrics, which enable purchasers and licensees to create custom applications for the software and hardware; CheckPrint DTU to secure a computer terminal, files, and folders through fingerprint identification; and CheckPrint SDTU that provides users the ability to secure a computer terminal with fingerprint biometric technology and a smart card. In addition, China America Holdings holds patent licenses for micro electro mechanical sensors technology to detect unexploded ordinance, including bombs, grenades, shells, rockets, and other explosive devices. Further, the company operates as a distributor of chemical fluorine products, as well as a toy sourcing and exporting company. China America Holdings sells its products through original equipment manufacturers and independent sales representatives to manufacturers, retailers, and other businesses in the United States and China. The company was founded in 1968. It was formerly known as Sense Holdings, Inc. and changed its name to China America Holdings, Inc. on November 26, 2007. China America Holdings is based in Sunrise, Florida.
CAAH News:
May 19 - China America Holdings, Inc. Reports Record Revenue over 6 Million for First Quarter of 2008
Revenue Climbs to $6.5 Million up from $32,000 in First Quarter of 2007
China America Holdings, Inc. (OTCBB: CAAH), a diversified holding company operating in both the United States and China announced the results of operations for the first quarter of 2008 ending March 31, 2008. The Company reports revenue of $6,507,477 in the first quarter of 2008 as compared to $32,517 for 2007.
The increase in revenue for 2008 was mainly attributable to the acquisition of Shanghai Aohong Chemical in 2007. In addition to posting record revenue for the first quarter, China America was operationally profitable before non cash expenses related to third party services of approximately $264,820. The company reported an operating loss of $94,455 after taking into consideration that non cash expense. Management remains confident that the company is on track to reach profitability and to record its first profitable year in 2008 in the company's 10 year history.
Commenting on the results Dore Perler, CEO of China America Holdings, Inc. stated, "We continue to see improvement in top line revenues from our Aohong subsidiary and believe the investments we have made will further represent themselves in the coming quarters. Reaching operational profitability before non cash items in the first quarter is only the first step toward our goal of a profitable 2008 on a net income basis. We are excited with the first quarter results and believe we are on track to obtain our goal of a record year of profitability in 2008."
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COLLEXIS HOLDINGS (OTCBB: CLXS) up 19.15% in morning trading
Collexis Holdings, Inc. develops software that supports the market-building tools to search and mine sets of information. Its Collexis Engine 6.0 software enables discovery through identification, ordering, and aggregation of ideas and concepts. The company can create ?fingerprints' of texts, such as articles, Web pages, books, and internal and external databases, which can be used in turn to find the relevant information for a researcher or business professional. It also offers consulting, implementation, training, technical support, subscription, and maintenance services in support of its customers' use of its software products. Collexis Holdings focuses on university and medical research, healthcare, and biopharma; defense and intelligence, and enterprise business intelligence; and legal markets. It operates in the Netherlands, rest of the European Union, and the United States. The company was incorporated in 1998 and is headquartered in Columbia, South Carolina.
May 19 - Collexis Holdings Announces Third Quarter Results and Business Milestones
Collexis Holdings, Inc. (OTCBB: CLXS) a leading developer of high definition search and knowledge discovery software, announced its results for the quarter ended March 31, 2008. The company generated revenues of $1.4 million, up from $975,000 and $316,000 in the previous two quarters, respectively.
"While we are pleased with third quarter growth, we believe recent initiatives will continue to increase our revenues in the future," said Bill Kirkland, CEO of Collexis Holdings, Inc. "The launch of BioMedExperts and our alliance with Dell Healthcare and Life Sciences represent an opportunity to build the first pre-populated social network for the biomedical research community. Our acquisition of Lawriter allows us to enter the expanding market for legal research through an industry leader that is growing and profitable. Our alliance with Thomson Reuter's Scientific team will expand our opportunities in the Academic and Government markets. We are excited by these company developments over the past quarter." Some of the recent Collexis highlights include: 1) Launch of BioMedExperts (http://www.biomedexperts.com) in conjunction with Dell. The company launched the first pre-populated professional social network with more than 1.4 million pre-generated expert profiles from 120 countries. Dell supplied the computer hardware for the service and will help market BioMedExperts. The site has attracted over 10,000 new members in the first 30 days the site has been actively marketed.
Acquisition of Lawriter LLC, which owns acclaimed legal research service Casemaker . Lawriter owns Casemaker, an affordable legal information platform. A total of 28 state bar associations currently contract for their members to use Casemaker. According to a recent study, more Ohio State Bar Association members used Casemaker as their primary source of online legal research than all other legal publishers' services combined.
Alliance with Thomson Reuters. The alliance joins Collexis' Knowledge Dashboard with Thomson Scientific's Web of Science to create a custom data mining solution for the research community. Called the Thomson Collexis Dashboard, it will provide enhanced knowledge discovery for the academic and government R&D communities. By merging Thomson Scientific's Web of Science data with the Collexis Knowledge Dashboard, users will have the ability to identify and search for documents, experts and trends, and make new discoveries more quickly, accurately and deeply than via conventional search engines.
New Presence in the Asia Pacific Market. Taiwan's Kaohsiung Medical University selected Collexis to develop the Institution's Advanced Expert Profiling System. This will allow its students, faculty and researchers to connect via a Web interface and help maximize productivity and networking abilities for its combined student, faculty and staff population of more than 15,000.
Awards and Recognition. Collexis was recognized by KM World as a Trend-Setting Product of 2007. KM World selected Collexis as one of the 100 Companies that Matter in Knowledge Management. Collexis has been nominated as a finalist for the Software & Information Industry Association (SIIA) 23rd Annual CODIE Awards.
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