Our Stocks to Watch today include Bravo Enterprises Ltd. (OTC: OGNG), China Recycling Energy Corp. (NASDAQ: CREG), Cleantech Solutions International Inc. (Nasdaq: CLNT), iGO Inc. (Nasdaq: IGOI), Sky Power Solutions Corp. (OTCBB: SPOW) and Stakool Incorporated (OTCBB: STKO).
ORGANA GARDENS INTERNATIONAL (OTCBB: OGNG)
"Up 400.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/OGNG.php
Organa Gardens International Inc. has a vertical hydroponics farming system built to make the most efficient use of light, energy, water, land, temperature and production cycle while growing the highest quality and healthiest plants in an optimum, consistent environment unaffected by weather. The Organa Garden Systems (OGS) provide a means for food production and consumption change to global environmental and ecological sustainability through vertical hydroponics rotary farming.
OGNG News:
December 3 - Bravo Signs Agreement With Water-For-The-World-Manufacturing Inc.
Bravo Enterprises Ltd. (OTC: OGNG) reports that the Company has signed an Exclusive Licensing Agreement with Water-For-The-World-Manufacturing Inc. of Wellpinit, Washington with respect to its commercial atmospheric water harvester system.
Water-For-The-World-Manufacturing Inc. is a leader in the design, manufacture and distribution of water from air systems known as Air-to-Water Harvesters that extracts moisture from the air through a dehumidification process then filters and purifies the water for consumption. The company has developed a unique air drive system that will enable the machine not only to be powered through a conventional power source but also in emergency situations the machine can be powered directly from an engine using its patented drive system. The atmospheric water harvester can produce up to 3000 gallons of drinking water under optimum conditions.
Water-For-The-World-Manufacturing Inc. has appointed Bravo Enterprises Ltd. as its exclusive worldwide manufacturing and sales representative for the consideration of 120,000,000 restricted common shares of Bravo Enterprises Ltd.
Max Rajewski, President of Water-For-The-World-Manufacturing Inc. stated, "We are very excited about the opportunities that Bravo has to offer the company which will enable us to introduce our products to the marketplace on a global basis. Never before in history has water being such a valuable commodity. We are looking forward to a long and beneficial relationship with Bravo."
Jaclyn Cruz, President of Bravo Enterprises Ltd. further stated, "Safe drinking water is fundamental to healthy lives and prosperous communities. Every person needs 20 to 40 liters of freshwater per day for drinking, cooking, and sanitation needs alone. These innovative Air-to-Water Harvesters are so technically sound yet environmentally friendly, i.e. no more plastic bottles, that the Company felt that the opportunity to become the exclusive licensee was just ideal for all concerned. This project will bring significant value for our shareholders."
ABOUT WATER-FOR-THE-WORLD-MANUFACTURING INC. (WFTWM)
WFTWM is a company domiciled in Wellpinit, Washington that has developed and tested commercial water generating equipment for a number of years. The company has proven concept and developed a production model exclusively for the generation of water for human consumption.
CHINA RECYCLING ENERGY CORPORATION (NASDAQ: CREG)
"Up 12.51% in morning trading "
Detailed Quote: www.otcpicks.com/quotes/CREG.php
China Recycling Energy Corp. is based in Xi'an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. Byproducts include heat, steam, pressure, and exhaust to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1 percent of total energy consumption and this renewable energy resource is viewed as a growth market due to intensified environmental concerns and rising energy costs as the Chinese economy continues to expand. The management and engineering teams have over 20 years of experience in industrial energy recovery in China.
CREG News:
November 26 - China Recycling Energy Completed CDM Project Registration
China Recycling Energy Corp. (NASDAQ: CREG) ("CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, announced that its subsidiary, Erdos TCH Energy Saving Co., Ltd., has recently completed the registration of a Clean Development Mechanism (CDM) project entitled, "Inner Mongolia Erdos Metallurgy Co., Ltd. Electric Furnaces Waste Energy Utilization for Power Generation Project (Phase One)". The CDM project is published on the website of UNFCCC EB. The registration date is traced back to August 23, 2012 and the crediting period is from September 1, 2012 to August 31, 2022. The amount of reduction is 224,173 metric tonnes CO2 equivalent per annum.
The CDM is a flexible mechanism which allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold, and used by industrialized countries to meet a part of their reduction targets under the Kyoto Protocol. This mechanism creates a double win solution. Industrialized countries can invest in ventures that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries while developing countries can obtain capital and techniques for their sustainable development.
"The CDM creates an opportunity for developing countries to introduce the funds and technologies of industrialized countries," commented Mr. Guohua Ku, Chairman and Chief Executive Officer of China Recycling Energy. "CREG's successful registration of the CDM project demonstrates domestic and international acknowledgement of our contributions to energy saving and carbon emissions reduction. We will continue to conduct technical reformation with the purpose of gaining more efficient energy savings and large carbon emission reductions. We will strengthen environmental protection and improve our technology to bring in more profit and maximize our shareholders' value."
CLEANTECH SOLUTIONS INTERNATIONAL (NASDAQ: CLNT)
"Up 29.75% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CLNT.php
Cleantech Solutions is a manufacturer of metal components and assemblies, primarily used in clean technology industries. The Company supplies forging products, fabricated products and machining services to a range of clean technology customers, primarily in the wind power sector and supplies dyeing and finishing equipment to the textile industry. Cleantech Solutions is committed to achieving long-term growth through ongoing technological improvement, capacity expansion, and the development of a strong customer base.
CLNT News:
December 3 - Cleantech Solutions Management Purchase 157,966 Company Shares
Cleantech Solutions International, Inc. (Nasdaq: CLNT) ("Cleantech Solutions" or "the Company"), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries, today announced that the Company's Chairman and CEO Mr. Jianhua Wu and his wife Ms. Lihua Tang have agreed to purchase 157,966 shares of the Company's common stock for a total of $612,903 (RMB3,800,000) at $3.88 a share.
The investment will be primarily used for working capital at Wuxi Huayang Dyeing Machinery Co., Ltd., a subsidiary of Cleantech Solutions.
"With the recent flow of orders for our airflow-dyeing machines, we are optimistic about the ongoing replacement cycle in the textile industry and believe the current sale momentum will continue for the next few quarters, when we expect to see an increasing number of follow-on and larger orders as well as new orders from additional customers," said Mr. Jianhua Wu, Chairman and CEO of Cleantech Solutions. "The additional capital will help ensure we are well positioned to meet the needs of the anticipated ramp-up in sales and to acquire additional equipment required for our operations."
IGO INCORPORATED (NASDAQ: IGOI)
"Up 18.00% in morning trading "
Detailed Quote: http://www.otcpicks.com/quotes/IGOI.php
iGO has been a leader in the mobile accessories industry since 1995, offering premium power solutions for laptop computers and electronic mobile devices that enhance the possibility of living life fully charged. iGO's universal chargers, batteries, and audio accessories offer support and performance that elevates the mobile consumer experience.
IGOI News:
November 8 - iGO Reports Third Quarter 2012 Financial Results
iGO, Inc. (Nasdaq: IGOI), a leading provider of eco-friendly power management solutions and accessories for mobile electronic devices, today reported financial results for the third quarter ending September 30, 2012.
Revenue was $7.9 million for the third quarter of 2012, compared with $9.7 million in the same period of the prior year. The decline in revenue is primarily attributable to lower sales of power and audio products, partially offset by an increase in sales of rechargeable alkaline batteries. Compared to the second quarter of 2012, total revenue increased $639,000, or 9%, primarily due to higher sales of power products and rechargeable alkaline batteries.
Net loss was $1.8 million, or ($0.05) per share, in the third quarter of 2012, compared with a net loss of $2.2 million, or ($0.07) per share, in the same quarter of the prior year. The decline in net loss was primarily attributable to a reduction in operating expenses. Compared to the second quarter of 2012, net loss was reduced by $1.7 million, primarily due to higher revenues, lower operating expenses, and the absence of significant non-recurring charges.
The Company had $11.4 million in cash, cash equivalents, and short-term investments, and no debt as of September 30, 2012.
Michael D. Heil, President and Chief Executive Officer of iGO, commented, "Our total revenues increased 9% compared to the prior quarter, but we have not made sufficient progress towards profitability. Accordingly, we are in the process of an organizational review designed to better align our cost structure with our current revenue base. We are also developing new device power products in response to market trends and we are aggressively pursuing new distribution relationships that can generate additional revenue growth; however, we expect the most significant driver of improved financial results in the near-term will come from reductions in our operating expense levels."
Financial Review
Following is a breakdown of year-over-year revenue trends in the Company's major product categories:
* Power products -- Sales of power products were $6.2 million for the third quarter of 2012, compared with $7.5 million for the third quarter of 2011. The decline was primarily due to lower sales in the retail channel.
* Audio products -- Sales of audio products were $643,000 for the third quarter of 2012, compared with $1.3 million for the third quarter of 2011. The decline was primarily due to reduced sales to the specialty retail channel.
* Rechargeable alkaline batteries -- Sales of rechargeable alkaline batteries were $645,000 for the third quarter of 2012, compared with $428,000 for the third quarter of 2011. The increase was primarily due to increased distribution in Europe and North America.
Gross margin for the third quarter of 2012 was 19.0%, compared with 22.0% in the third quarter of 2011. The decline in gross margin is primarily due to the lower level of sales and more competitive pricing for power products in the retail channel.
Total operating expenses were $3.3 million in the third quarter of 2012, compared with $4.4 million in the third quarter of 2011. The decline is primarily attributable to lower sales and marketing expense.
ABOUT IGO GREEN® TECHNOLOGY CHIP DEVELOPMENT
iGO continues to work with Texas Instruments on the collaborative development of an integrated circuit based on iGO Green® technology. Based on the latest information provided by the joint development team, the Company now expects that the integrated circuit will be released to manufacturing no sooner than the second quarter of 2013.
SKY POWER SOLUTIONS CORPORATION (OTCBB: SPOW)
"Up 30.77% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SPOW.php
Sky Power Solutions Corp. focuses on developing a standalone residential solar generation system for homeowners. It also intends to develop rechargeable lithium ion batteries for power production for various uses, including hybrid vehicles and other applications. The company is based in Las Vegas, Nevada.
SPOW News:
December 3 - Sky Power Solutions LOI Signed on R&D and Major Distribution License
Sky Power Solutions Corp. (OTCBB: SPOW) ( www.skypowersolutions.com ), an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential concentrated solar collector power systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions using Sun Light as the only fuel, is pleased to announce that further to PR dated July 17, 2012 Sky Power has entered into an Letter of Intent (LOI) for R&D and developing, distributing license in Canada.
According to the company, the distribution license will be for the territory of Canada where both the federal and provincial governments have implemented generous Initiatives. According to ClearSky Advisors, Inc. it is estimated that the private sector investment of solar PV in the province of Ontario in 2011 is 2 billion dollars. The electricity generation by one solar concentrator is enough to power a home and sell the excess to the grid for revenue back to the owner. The proprietary solar concentrator demonstrates a major increase in efficiency and will generate electricity even with up to 70% cloud coverage and therefore it is a favored device to be deployed in Canada.
STAKOOL INCORPORATED (OTCBB: STKO)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/STKO.php
Jacksonville, Florida-based Stakool Inc., through its wholly-owned subsidiary, Anthus Life Corp., is committed to being a leading North American supplier of natural, organic, health and wellness products. Anthus Life brings to market complementary products that are most suited to the consumer. Proudly, one of its products is endorsed by seven-time Olympic medalist Shannon Miller.
