Showing posts with label (OTCBB: WWAT).. Show all posts
Showing posts with label (OTCBB: WWAT).. Show all posts

Wednesday, March 12, 2008

Turning Pennies into dollars: (Pink Sheets: BDGW), (NYSE: TMA), (Pink Sheets: QEDC), (OTCBB: WWAT).

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For more info: http://bdgw.realpennies.com

Budget Waste Inc. (Pink Sheets: BDGW) (Mon, March 10, 2008, 9:31am ET) Budget Waste Inc. is very pleased to announce that its Annual General Meeting (AGM) will be held at 2:00 pm Mountain time at the Deerfoot Inn, on May 1, 2008. The Deerfoot Inn is located in Calgary, Alberta at 1000, 11500-35th Street S.E.

BWI urges all shareholders to attend as this will be a highly informative session. Topics to be discussed include: future growth plans, financing strategies, performance reviews for the previous year, appointments to the Board of Directors, projections for the upcoming year and many more topics that are of interest to shareholders. A reception will be held upon completion of the AGM, coffee and refreshments will be provided.

Summary information packages will be made available to all shareholders and interested parties upon request.

Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products, we see vast opportunity for expansion of our distinctive services. We are confident that extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.

For more information on Budget Waste Inc., please visit our web site at www.budgetwaste.com

For more info: http://tma.realpennies.com

Thornburg Mortgage Inc. (NYSE: TMA) (Tue, March 11, 2008, 7:52am ET) Thornburg Mortgage Inc., a jumbo mortgage lender and real estate investment trust, on Tuesday restated its 2007 losses, increasing them by 69 percent because of a reduction in the value of mortgage assets.

The write-down, disclosed in a regulatory filing, was 58 percent larger than the company warned of just last Friday.

Thornburg now says it lost $1.55 billion, or $12.97 per share, in 2007, compared with a previous estimate of $915.4 million, or $7.48 per share.

The company restated earnings as it was forced to reduce the value of its adjustable-rate mortgage assets, according to a filing with the Securities and Exchange Commission. A write-down of $676.6 million was taken on adjustable-rate mortgage assets as of Dec. 31 because Thornburg is unsure if it will be able to hold the assets until maturity, the company said.

Thornburg might be forced to sell the assets to raise capital to cover default notices and margin calls on some of its financing agreements. Since the beginning of the year, Thornburg has received $1.8 billion in margin calls, meeting all but $610 million of the calls.

Available capital and proceeds from the sale of some assets helped Thornburg meet the majority of margin calls, but as of March 6, Thornburg did not have enough capital to meet the remaining $610 million.

The lack of capital to pay off the remaining calls sparked notices of default with four lenders. Thornburg said it reached agreements to delay default notices with some other lenders, but those agreements were set to expire Monday, according to the filing.

Margin calls force borrowers to repay loans or put up more collateral to secure them. If a borrower is unable to meet the calls, the creditor typically can seize and liquidate assets used as collateral against the financing agreements.

The margin calls have been made amid a new round of severe pricing pressure on mortgage-backed bonds and assets. The value of mortgage securities has tumbled in recent weeks as investors continue to shy away from nearly all types of fixed income products.

In August, a similar scenario unfolded where Thornburg was forced to sell some of its assets to successfully meet margin calls.

For more info: http://qdec.realpennies.com

QED Connect Inc. (Pink Sheets: QEDC) (Tue, March 11, 2008, 10:30am ET) QED Connect Inc., an innovative Software-as-a-Service (SaaS) provider for the information security market, announced that West Virginia-based International Industries, Inc. has chosen its flagship Omni Manager for Internet visibility, management and control. International Industries is a diversified group of companies that includes natural resources, manufacturing, hotels and real estate among its businesses. Omni Manager was implemented within the company's Coal and Lumber Division in support of its voice over IP (VoIP) initiative, as well as to provide tools for monitoring Internet usage and enforcing computer use policies.

"We were in the process of rolling out VoIP technology over a shared Internet connection and found that for some reason, the voice quality was not consistently as good as we needed," said Dan Logan, IT Manager, International Industries, Inc. "After implementing Omni Manager, we were able to trace the source of our loss of voice quality to several network users that at times were making extensive use of Internet radio or downloading videos and music to their networked computers. With Omni Manager, we were able to selectively block users from these sites and our voice quality has improved dramatically. We can also plan our network growth and resources more accurately with the visibility we've gained into computer usage."

For more info: http://wwat.realpennies.com

WorldWater & Solar Technologies Corp. (OTCBB: WWAT) (Tue, March 11, 2008, 11:50am ET) WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-power solar systems, today announced that the City Council of Ocean City, NJ has awarded the Company a contract to build a $4 million solar system for the City which is expected to produce nearly 550,000 kilowatt hours of energy in its first year. The Ocean City Municipal Solar Energy Power Project will include roof mounts on the Cultural Arts and Community Center, the new Public Works Complex building, the Vehicle Maintenance Center and the Sports and Civic Center.

The award for the long-term Power Purchase Agreement with WorldWater is expected to allow Ocean City to offset approximately 17% of the City's total yearly electricity requirements for buildings that it owns and/or operates. The project is expected to be completed later this year.

"This is a win-win for WorldWater and the State of New Jersey," said Quentin T. Kelly, Chairman and CEO. "Following on our successful installations elsewhere in the state, these rooftop applications will save Ocean City millions of dollars overall and once again prove that sustainable energy is a sensible solution as oil prices remain at record levels. Under WorldWater's awarded contract, which lasts 15 years, the company will receive $1.6 million in rebates from the New Jersey Board of Public Utilities, along with solar renewable energy credits (SRECs) and federal tax credits on top of the ongoing electric billings to be paid by Ocean City. We are pleased to continue providing New Jersey residents with cutting edge, environmentally-friendly ways to power their way to the future."

Four proposals were received by the City, which selected WorldWater. Mayor Salvatore Perillo stated: "At a time when we are seeing double-digit increases in annual electric costs, this is welcomed savings. The savings will start in July and will help us to reduce our energy budget."

WorldWater & Solar Technologies Corp. is a global leader in the design, engineering and delivery of solar energy systems. The largest source of carbon dioxide emissions, the leading cause of global warming, is caused by electric power generating stations burning fossil fuel.

In addition to Megawatts of installations in the US and globally, solar installations completed by WorldWater in the State of New Jersey include: the Federal Courthouse Annex in Trenton; Liberty Science Center in Jersey City; Atlantic County Utilities Authority Water Treatment Plant in Atlantic City; Voorhees Middle School in Voorhees Township; Ray Angelini Incorporated (RAI) Electrical Contractors in Sewell and Richard Stockton College in Pomona.

This installation by WorldWater will eliminate over 820,000 lbs of CO2 being released in the atmosphere.

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Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on RealPennies. For more movers: http://www.realpennies.com/wrapup.html

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Thursday, February 14, 2008

Turning Pennies into dollars (Pink Sheets: KGLJ), (OTCBB: DORB), (Pink Sheets: SGCP), (OTCBB: WWAT).

For more info: http://kgli.realpennies.com

Kingslake Energy, Inc. (Pink Sheets: KGLJ) (Wed, February 13th, 2008, 8:42am ET) Kingslake Energy, Inc. announces a four-point growth strategy. The natural gas exploration and development company's current projects are located in the prolific Appalachian Basin. The area encompasses Kentucky, Tennessee, West Virginia, and Virginia. Kingslake holds strategic oil and gas leases in Kentucky covering 20,000 acres, more or less. The natural gas rich Devonian Shale formation underlies the entire lease area.

"We have embarked on an aggressive four-point growth strategy focused on acquiring and developing promising natural gas leases while maintaining our financial strength," commented James R. Pagnum, president of Kingslake Energy, Inc. "We believe that adherence to these four principles will guide us as we continue to expand our portfolio of oil and gas properties in our mission to create sustainable, long-term growth."

The four-points of Kingslake's growth plan are:

Identify and Develop Unconventional Resources

Explore in High-potential, Proven Basins

Ensure Financial Discipline and Flexibility

Growth by the drill bit

ABOUT KINGSLAKE ENERGY INC.

Kingslake Energy, Inc. plans to become significant presence in the multi-billion dollar US natural gas exploration and production market. The Company explores and drills in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia.

For more info: http://dorb.realpennies.com

DOR BioPharma, Inc. (OTCBB: DORB) (Wed, February 13th, 2008, 7:00am ET) DOR BioPharma, Inc. ("DOR" or "The Company"), a late-stage drug development company, announced today that positive results for orBec (oral beclomethasone dipropionate or oral BDP) in preventing serious lung injury in patients with gastrointestinal Graft-versus-Host disease (GI GVHD), will be presented this afternoon by Jason W. Chien, MD of the Fred Hutchinson Cancer Research Center (FHCRC) at the annual Tandem Bone Marrow Transplant Meeting of the American Society for Blood and Marrow Transplantation and the International Bone Marrow Transplant Registry in San Diego. The presentation is entitled "Preservation of pulmonary diffusing capacity with oral beclomethasone dipropionate: Results from two randomized, placebo-controlled trials in allogeneic graft recipients," published in Biology of Blood and Marrow Transplantation (Volume 14, Number 2, Supplement 2). DOR is also the Sponsor of the GVHD Working Committee at the conference on Thursday, February 14.

The pulmonary data, collected by DOR in response to a specific FDA request as part of its New Drug Application (NDA) review last summer, included a comparison of patients enrolled at FHCRC in two randomized, double-blind, placebo-controlled clinical trials for the treatment of patients with acute GI GVHD. Sixty patients had been randomized to orBec and the same number to placebo. Serial Pulmonary Function Tests (PFTs) at day 80 were available from 44 and 50 patients on placebo and orBec , respectively.

Significantly fewer patients randomized to orBec (55%) had deterioration of pulmonary diffusing capacity by transplant day 80, compared to placebo (79%), p=0.02. Clinical pulmonary events from the time of randomization to 200 days afterwards were reviewed by Dr. Chien of the FHCRC Pulmonary and Critical Care Medicine Section while blinded to the randomization assignment; no patient randomized to orBec developed a non-infectious pulmonary problem during this interval, compared to 4 patients on placebo.

These data suggest that orBec (oral BDP) may have a protective effect on early decline in pulmonary diffusing capacity, which commonly occurs by day 80 after transplant because of interstitial lung injury, and that this effect is accompanied by prevention of clinical pulmonary events such as Idiopathic Pneumonia Syndrome and Bronchiolitis Obliterans. It is hypothesized that these beneficial effects on the lungs were due to delivery of the potent immunosuppressive 17-BMP (an active metabolite of BDP) to the lungs via GI mucosa, portal vein, and pulmonary artery.

"The observations presented today in San Diego are intriguing and may lead to the development of new applications of oral BDP in a host of pulmonary inflammatory disorders having significant market opportunity beyond the GI area where we are currently in late-stage development," said Christopher J. Schaber, PhD, President and Chief Executive Officer of DOR. "We will continue to secure intellectual property in this new arena and to begin evaluating the possibilities for future clinical development."

George B. McDonald, MD, Head of the Gastroenterology/Hepatology Section at the FHCRC, inventor of orBec and an expert medical advisor to DOR, stated, "When we reviewed adverse event data from the pivotal Phase 3 trial of orBec for treatment of GI GVHD following hematopoietic cell transplantation, we noted a complete absence of non-infectious pulmonary infiltrates in patients in the orBec arm, compared to 18% in the placebo arm. These infiltrates are caused by inflammation of the lungs, most likely from the donor's immune cells. This observation led to the hypothesis that orBec (oral BDP), through its potent metabolite 17-beclomethasone monopropionate (17-BMP), delivered to the pulmonary artery via the gut and portal circulation, preserves lung function after allogeneic transplantation. Data presented at the Tandem Bone Marrow Transplant meeting suggests that this hypothesis is true, as significantly fewer orBec patients from a 120 randomized, single-center patient cohort had deterioration of pulmonary diffusing capacity by transplant day 80 compared to placebo, and none of 60 orBec patients had a non-infectious pulmonary event during a 200-day observation period, compared to 4 of 60 patients in the placebo arm. These non-infectious pulmonary events are significant causes of mortality after transplantation."

Dr. McDonald continued, "While the dominant effect of oral BDP is in the gastrointestinal mucosa, where it is significantly more effective than placebo in treating GVHD, some of its active metabolite, 17-BMP, reaches the pulmonary vasculature before being cleared from the systemic circulation. Thus, oral BDP may prevent pulmonary interstitial inflammation and subsequent lung injury. This beneficial effect of BDP could be useful not only in the setting of allogeneic hematopoietic cell transplantation, but as a potential treatment for a long list of pulmonary inflammatory conditions for which effective treatments are lacking."

For more info: http://sgcp.realpennies.com

Sierra Gold Corporation (Pink Sheets: SGCP) (Tue, February 12th, 2008, 8:30am ET) Sierra Gold Corporation, announced today that after four and a half years of research and exploration, the Company has extracted and sold the first-ever kilogram of alluvial gold from its holdings in the West African nation of Sierra Leone. Proceeds from the sale of the initial gold production are being used for continuing operations and will facilitate the purchase of customized equipment that will allow SGCP to advance its alluvial operation and commence the 'hard rock' phase of gold production.

Sierra Gold CEO Doug Evans commented on the progress of the company: ''The extraction and sale of our first gold production validate our years of research and exploration. Needless to say, we are extremely excited that the company has entered the production phase.'' Mr. Evans added, ''Our alluvial production, coupled with our soon-to-be initiated hard rock production, should provide significant returns on invested capital throughout the second half of 2008 and beyond. We look forward to sharing our successes with shareholders along the way.''

For more info: http://wwat.realpennies.com

WorldWater & Solar Technologies Corp. (OTCBB: WWAT) (Wed, February 13th, 2008, 3:01am ET) WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-power solar systems, today announced that it has raised $35.64 million from The Quercus Trust ("Quercus") in a private placement of 20,000 shares of WorldWater Series F Convertible Preferred Stock at a price of $1,782.00 per share. Each share of the Series F Convertible Preferred Stock is convertible into 1,000 shares of WorldWater common stock. Quercus also received warrants to purchase 29 million additional shares of common stock at an exercise price of $1.815. Complete terms of the transaction will be described in a Form 8-K to be filed with the Securities and Exchange Commission.

"Thanks to the steadfast commitment of the Quercus Trust, WorldWater now has the funds critical to drive future growth," said Quentin T. Kelly, Chairman and CEO. "A portion of the financing will be utilized to complete the construction of our 50 MW production plant in Texas, which is vital to the many large awards we are now pursuing. The funds will also be used to hire staff, support global expansion, and bolster our R&D. WorldWater is clearly positioned for a strong 2008 and, with the acquisition of ENTECH now complete, ramping up to meet the rapidly-developing demand for solar energy worldwide."

Prior to February 8, 2008, The Quercus Trust and its affiliates owned shares of WorldWater common stock and preferred stock convertible into shares of WorldWater common stock representing approximately 11.5% of the equity ownership in the Company on a fully diluted basis. With this agreement, the Quercus Trust and its affiliates will own approximately 24.1% of the equity ownership in WorldWater on a fully diluted basis.