Turning Pennies into dollars: (OTC: MSEL), (OTCBB: INMG), (OTC: CADD), (OTCBB: RGRP), (OTCBB: GEVI).
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MERISEL INCORPORATED (OTC: MSEL) up 129.17% on Monday Merisel, Inc. supplies visual communication solutions primarily in the United States. The company engages in imaging and prototyping businesses. Its imaging business includes graphic solutions, and premedia and retouching services. Merisel provides graphic arts consulting and production services, including design consulting, digital photographic output services, inkjet and digital output services, photo finishing, and exhibit and display solutions. The company offers these services in connection with the production of visual communications media used in the design and production of consumer product packaging, advertising products in retail stores, and outdoor and event displays. It provides various premedia services, such as scanning, type setting, high-resolution file preparation for printing, and retouching services for commercial or high art clients for modifying or enhancing the appearance and functionality of photographic images used in publishing, advertising, or package applications. The company's prototype business involves the creation of prototypes and mockups used in new product development, market testing, and focus groups, as sales samples; as props for print and television advertising; and as samples for use in corporate presentations, point-of-sale displays, and packaging applications. In addition, Merisel offers image database management and archiving, workflow management and consulting services, and related outsourcing and graphic arts consulting services. The company serves customers in the retail, fashion/apparel, cosmetic/fragrance, consumer goods, sports/entertainment, advertising, and publishing industries. It has offices and production facilities in New York, New York; Edison, New Jersey; Burbank, California; Atlanta, Georgia; Portland, Oregon; and Chicago, Illinois. The company was founded in 1980 under the name Softsel Computer Products, Inc. and changed its name to Merisel, Inc. in 1990. Merisel is headquartered in New York, New York.
MSEL News:
March 28 - Merisel, Inc. to Be Acquired by an Affiliate of American Capital Strategies for $5.75 per Share in Cash
Merisel, Inc.leading provider of visual communications and brand imaging solutions to the consumer products, retail, advertising and entertainment industries, announced that it has entered into a definitive agreement pursuant to which it will be acquired by TU Holdings, Inc., a wholly owned portfolio company of American Capital Strategies, Ltd.
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INTEGRATED MANAGEMENT INFORMATION (OTCBB: INMG) up 120.00% on Monday
Integrated Management Information, Inc. provides livestock tracking and herd management software database applications, consulting services, and verification solutions for the livestock and meat industry. It develops proprietary Web based applications, consulting methodologies, auditing processes, and other services that allow the livestock industry to record, manage, report, and audit the information under USVerified brand name. The company offers SupplyVerified, a verification and auditing service that enables cattle suppliers to demonstrate their ability to track key data related to the source and age of cattle; solutions to enable feed yards to comply with United States Department of Agriculture's (USDA) Quality System Assessment (QSA) requirements; and solutions to meat packers, processors, and distributors to demonstrate that their products comply with USDA's QSA requirements and Export Verification requirements, as well as the USDA's Process Verified Program. In addition, it provides hardware products, primarily identification cattle ear tags. Further, the company owns and operates Cattlenetwork.com, an Internet-based online service, which provides news and information about the North American cattle industry; and Cattlestore.com, an e-commerce site for customers to purchase a range of products and supplies related to agriculture. Integrated Management Information, Inc. was incorporated in 1998 and is headquartered in Castle Rock, Colorado with an additional office in Platte City, Missouri.
INMG News:
March 31 - IMI Global Featured on CNBC Power Lunch 'Mike On America' Segment
Integrated Management Information, Inc. (OTCBB: INMG) (IMI Global) a leading provider of verification and Internet solutions for the agricultural/livestock industry, announced that the Company is scheduled to be featured on CNBC's Power Lunch program on March 31, 2008. The feature was done by roving business reporter Mike Hegedus for his regular "Mike on America" segment, which typically runs toward the end of the two-hour Power Lunch program. Power Lunch is scheduled to air today from 10 a.m. to 12:00 noon Mountain Time. Should the IMI Global feature not air due to breaking news, the Company will announce the new scheduled airtime once it is available.
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CADDO INTERNATIONAL INCORPORATED (OTC: CADD) up 133.33% on Monday Caddo International, Inc., is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions.
CADD News:
March 31 - Caddo International Announces Successful Negotiations With Private Financial Group and Aggressive Growth Plans to Be Implemented Immediately
Caddo International, Inc. (OTC: CADD) management completed successful negotiations with a private financial group to begin implementing a powerful public relations campaign geared towards enhancing shareholder value. Through very extensive analysis and research with their financial industry contacts they have established there is a very large short position in the stock and they have concluded that they will begin an aggressive buying program.
President Lanza stated, "This will be the beginning of very exciting times for all our loyal shareholders because finally with these developments Caddo International will now move forward from a more aggressive stance. Caddo International is already a profitable company and with these latest developments revenues are expected to increase substantially to further expand Caddo International's operations.
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ROO GROUP INCORPORATED (OTCBB: RGRP) Up 69.23% on Monday ROO Group, Inc., through its subsidiaries, operates as a digital media company in the United States. The company provides products and solutions that enable the broadcast of topical video content from its customers' Internet Web sites. It provides technology and content required for video to be played on computers through the Internet, as well as broadcasting platforms, such as set top boxes and wireless devices. ROO Group's activities include the aggregation of video content, media management, traditional and online advertising, hosting, and content delivery. It operates a global network of individual destination portals under the brand ROO TV that enables end users to view video content over the Internet. The company, together its subsidiaries, also services Web sites based in Europe, Australia, the United States, and Asia. In addition, it provides integrated communication solutions, including direct marketing, Internet advertising, and sales promotion. The company sells its products and services through direct sales force and resellers to media and newspaper chains, Internet service providers, and vertical Web sites. ROO Group was founded in 1998 and is based in New York, New York with additional offices in Los Angeles, California; South Melbourne, Australia; and London, the United Kingdom.
RGRP News:
March 31 - ROO Group to Report Fourth Quarter and Year End 2007 Results on March 31, 2008
Company Announces Conversion of Existing Super-Voting Preferred Shares and Elimination of Preferred Share Class
Company Enters Definitive Share Purchase Agreements to Acquire Shares of Subsidiary Sputnik Agency
Company to be Renamed 'KIT Digital'
ROO Group, including re-naming the Company to 'KIT Digital, Inc.'.
For the quarter ended December 31, 2007, revenue was $3.9 million, compared to $3.75 million in the prior year period.
The net loss for the quarter ended December 31, 2007 was $12.5 million, or $0.32 per On March 30, 2008, ROO Group reached negotiated settlements with Robert Petty and Robin Smyth, restructuring their respective employment agreements, each of which involved one-time cash severance payments. In exchange for entering into new below-market, "at will" employment agreements, Messrs. Petty and Smyth will receive upfront cash settlements of $675,000 and $275,000 respectively, as well as an aggregate of 8.65 million fully vested warrants to purchase ROO common stock, at a strike price equal to $0.133 per share (representing the 3-day weighted average of closing price of ROO common stock prior to and including March 28, 2008). These warrants will become exercisable in 1/12 increments on a monthly basis starting six months from now. Mr. Smyth's restructured employment agreement involves certain cash and warrant-based incentives which can be earned-in over a period of 3 years based on ongoing service to the Company. As part of their respective settlements, Messrs. Petty and Smyth agreed to vote their preferred shares according to the Company's designation. Together with certain preferred shares beneficially voted by the Company on March 30, 2008, these preferred shares - which represented a voting majority of all aggregate share classes - voted for a statutory conversion of all outstanding preferred shares (10 million in total) into an aggregate of 400,000 common shares. The preferred shares also voted for the subsequent extinguishment of the entire class of preferred shares, such that no preferred shares may be issued by the Company in the future, and for the renaming of the Corporation to "KIT Digital, Inc." These decisions will be perfected twenty days after a definitive information statement has been sent to all of the Company's shareholders.
"ROO Group has long suffered from the overhang of a 'blank-check' preferred share class," commented Isaza Tuzman. "While management originally came forward with a plan to eliminate the preferred shares through a 1-to-3.2 conversion ratio into common shares, it became clear over the last several weeks that this plan was unacceptable to common shareholders. We see the net outcome of the settlements reached as being materially positive for common shareholders-involving less than one-third of the pro forma dilution as the previously proposed 1-to-3.2 conversion alternative. More importantly, with only one class of stock, all shareholders are now on a level playing field, and investors can value ROO transparently and on an apples-to-apples basis versus others companies in our sector-a comparison that we think will prove favorable. We appreciate the flexibility shown by Messrs. Petty and Smyth in arriving at this point."
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GENERAL ENVIRONMENTAL MANAGEMENT (OTCBB: GEVI) up 51.91% on Monday General Environmental Management, Inc. operates as an integrated environmental service firm in the United States. It offers field services, technical services, transportation, recycle/reuse services, off-site treatment, on-site treatment services, government services, and environmental health and safety compliance services. The company also provides mobile wastewater treatment and vapor recovery services. In addition, it markets GEMWare, Internet-based integrated environmental management software. The company serves various customers, including utility, chemical, petroleum, petrochemical, pharmaceutical, transportation and industrial firms, educational institutions, and other environmental service companies, as well as government agencies. General Environmental Management, Inc. is based in Pomona, California.
GEVI News:
March 31 - General Environmental Management, Inc. Announces Fourth Quarter Fiscal and 2007 Year End Results
Record Fiscal Fourth Quarter Revenue, With Positive Adjusted EBITDA, Signals Financial Turning Point for the Company
Reports Total Annual Revenue of $30MM, Up 40% From 2006
General Environmental Management, Inc. (OTCBB: GEVI) ("GEM"), a leading environmental and waste remediation company, announced financial results for its fiscal fourth quarter and year ended December 2007 as set forth in the company's 10KSB Annual Report filed with the SEC March 28, 2008.
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