Brokerage fees will be paid to Euroglobal Capital Partners Inc. in the amount of $29,520 cash and 196,800 broker warrants exercisable at $0.15 per share. Finders’ fees of 279,667 shares will also be paid to arm’s length parties according to TSX guidelines.
The shares issued under this financing will be subject to a hold period of four months plus one day from the date of closing of the offering. The proceeds will be used for working capital and business development purposes.
StonePoint CEO James Borkowski stated, “This financing allows the company to build on its successful custom branded programs to such clients as Fairmont Hotels, Caesars Palace (Harrah’s Entertainment, Inc.) and Intercontinental Hotels. Through our suite of value added services, we create significant profit centers and increase brand equity for our clients. Clients of StonePoint enjoy the benefits of a single source, multi-service and logistics partnering to replace the inefficiencies of dealing with multiple vendors and traditional inventory practices. We look forward to growing this business aggressively.”
About StonePoint
StonePoint delivers custom branded solutions across multiple consumer product categories. Through comprehensive quality control, best of class branding and innovative product development, StonePoint drives new revenue and brand equity for its hotel clients and international partners. Management is committed to creating value for its shareholders while maintaining the highest of ethical standards. StonePoint currently trades on the TSX Venture Exchange under the symbol “SPG”.
Cautionary Statements on Forward-Looking Information.
]]>SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today that their Prepaid Card loading, Pin Debit and Payment processing volume increased in triple digits to $367,000 USD for the month of September 2008 over September 2007 and over last month, August 2008. The company posted a gain in card loading and payment processing for August upto 10 times larger than last year’s August total and 226% greater than even last month, setting a new payment processing record for the company.
(PINKSHEETS: SMKG) President Bruce Baillio said, “This striking growth is the result of continuing to fill our backlog of prepaid card orders and the launch of our VelocityMoney.com Online Bill Pay service both in Canada and the US. The Canadian market for Online Bill Pay is much less crowded than the US market. The company expects to see exceptional growth in this segment during the next 12 months.
The current uncertainty in the worldwide credit markets is actually stimulating demand for our prepaid products and services. When consumers’ credit lines are decreased, they turn to prepaid cards to maintain the convenience of using a branded card to make purchases, because their credit cards are topped out. (PINKSHEETS: SMKG) is seeking to capitalize on the move from credit to debit transactions at the point of sale and capture a share of the 26.5+ billion (as of 2006) consumer debit transactions.”
We seek safe harbor
Management is determined to become the leader in Online Money Remittance, Prepaid cards and Pin Debit online processing and to set the standard for a secure funds transfer platform with multi-currency settlement capabilities worldwide.”
Contacts:
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TRMP at low of .64 52 week high 8.60 2yr high 19.00
SMKG junior with great upside potential 006
EKOJ new shell enviro deal - pending
Small-Cap: capitalization between approximately $250 million and $2 billion.
]]>With aspirations of soon becoming one of China’s leading drugstore operators and pharmaceutical distributors, CYXN already operates more 90 retail outlets in the country with plans to open 108 more during 2008.
During the years ended December 31, 2007 and 2006, their retail drugstores served an average of 4,652 and 3,318 customers per day, respectively. In addition, the company is one of only approximately 17,000 pharmaceutical product wholesalers in China that have received State Food and Drug Administration approval and Good Supply Practices, or GSP, certification.
The company released its Q1 financial report on Monday that proves without a shadow of a doubt that it is making significant progress in its quest to gain market share in China.
2007 financial highlights:
1. Net Revenue of $47.9M in ‘07 Vs. $38.9M in ‘06
2. Gross Profit of $7.9M in ‘07 Vs. $3.2M in ‘06 (147% increase)
3. Net Income of $4.5M in ‘07 Vs. $1.8M in ‘06
Key 1st quarter financial highlights:
# Net Revenues: Up approximately 49% from $10,076,930 to $14,993,597
# Gross Profit : Up approximately 60% to $2,526,906
# Operating expenses: Up approximately 79% from $719,961 to $1,286,421
# Net income: Increased approximately 53% $767,356
# Cash on Hand: $1,763,459
* all comps on a quarterly, y-o-y basis
The stock closed at $.47 on 5/12 and now trades at $.86 as we speak after hitting a recent high this a.m. of $.90. Long term, the stock should be a good buy in my opinion, even at current levels.
Key Growth Drivers for CYXN
* China’s massive human population
* Expansion of the Chinese Economy
* Growth of China’s Pharma industry (20% of global pop, >5% of global pharma industry)
* Improved standard of living throughout China
* Improved consumer acceptance of western medicine in China
* China’s adoption of a western pharmaceutical sales model
* The aging of China’s population
* Government support of retail pharmacies
* The High number of uninsured Chinese citizens driving demand for OTC medications and retail pharmacies
* Expansion of China’s many rural areas
I was afraid to hit the buy button at $1.30 on 5/11. Since then, the stock has made a Quantum Leap, all the way up to its 52-week high of $2.56 today on record volume of 12.8 million shares traded, before settling back down to $2.22.
QTWW is a clean technology company and a leader in the fields of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles.
With a list of clients and partners that includes: NASA, Shell, GM, DailmerChrysler, Toyota, BOSCH, and Lockheed Martin, Quantum is already recognized globally for its innovation in the field of sustainable energy.
Financial reports are looking better as well. Here a few highlights for the company’s third quarter filing:
* Total revenue in the third quarter of fiscal 2008 was $7.1 million compared to $2.3 million in the third quarter of fiscal 2007, a net increase of 209%.
* For the nine month period ended January 31, 2008, Company’s consolidated revenues ($16.8M) were up 15% on from the corresponding period of 2007.
* Consolidated operating loss decreased from $5.8 million in the third quarter of fiscal 2007 to $3.8 million in the third quarter of fiscal 2008.
* Product sales for the Quantum Fuel Systems segment increased $1.7 million, or 213%, from $0.8 million in the third quarter of fiscal 2007 to $2.5 million in the third quarter of fiscal 2008.
* Product sales during the third quarter of fiscal 2008 primarily consisted of hydrogen fuel storage systems for General Motors’ fuel cell hybrid vehicle program and sales of hydrogen-fueled Toyota Prius hybrid vehicles.
* Net loss decreased from $21.6 million, or $0.33 a share, in the third quarter of fiscal 2007 to $1.4 million, or $0.02 a share, in the third quarter of fiscal 2008.
* Net loss decreased from $124.3 million, or $2.05 a share, in the first nine months of fiscal 2007 to $80.3 million, or $1.06 a share, in the first nine months of fiscal 2008.
]]>The stock appears to be about done digesting previous gains sitting in a strong support zone of +/- $2.80 - 3.00.
Look for a jump (possibly another gap openning) into the $3.50 - 4 range near term.
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