OTCPicks.com: OTCPicks.com Stocks to Watch for Monday, July 6th EDWY, MESA, BCON, NTNI, AVVH
Jul 06, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: AVVAA World Health Care Products, Inc. (AVVH), Beacon Power Corp. (BCON), eDOORWAYS Corp (EDWY), Mesa Air Group, Inc. (MESA), Natural Nutrition Inc (NTNI)
Our Stocks to Watch tomorrow include eDOORWAYS Corp. (OTC: EDWY), Mesa Air Group Inc. (Nasdaq: MESA), Beacon Power Corp. (Nasdaq: BCON), Natural Nutrition Inc. (OTC: NTNI) and avVaa World Health Care Products Inc. (OTC: AVVH).
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EDOORWAYS CORPORATION (OTCBB: EDWY) "Up 66.67% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/EDWY.php
eDOORWAYS Corporation is developing a lifestyle information/entertainment platform for visually-oriented Web surfing community. Its eDOORWAYS portal is a Web-based personal lifestyle information enhancement and problem solving gateway, lifestyle information source, and online business-to-consumer marketplace. The company was incorporated in 1988 as Technicraft Financial, Ltd. and changed its name to LBM-US, Inc. in 1991. It changed its name to GK Intelligent Systems, Inc. in 1994; and to M Power Entertainment, Inc. in 2005. Further, the company changed its name to eDOORWAYS Corporation in September 2007. eDOORWAYS Corporation is based in Houston, Texas.
EDWY News:
July 2 - eDOORWAYS to Allow Shareholders a 'Live Walk-Through' of the SOLVE Doorway
eDOORWAYS Corporation (OTC: EDWY) makes the following statement:
On the last shareholder conference call, the company was asked if we would be willing to make the eDOORWAYS platform and the SOLVE doorway available for demonstration. At that time, our Chairman and CEO, Mr. Gary Kimmons, advised that making SOLVE available to the public before its scheduled release introduces undue risk associated with losing our competitive advantage in the marketplace.
Nevertheless, as a participant in our conference call noted, "seeing is believing," and many of you are demanding to see what we've achieved. This has created an interesting dilemma - if we unveil SOLVE, we risk ultimately hurting shareholder value by allowing competitors insight into the mechanics of the platform. We're almost positive that any reasonable shareholder would not want that. Yet, if we continue to hold it close until the soft launch, it is clear that many of you, our shareholders, will continue to question the veracity and authenticity of our effort. The impasse this creates is detrimental to all of us - and it's negatively affecting our value in the marketplace.
We simply cannot let this continue to unjustly happen. As an act of mutual good-faith, we are prepared to act immediately by offering to make the SOLVE doorway available for shareholder inspection and review via a "live walk-through" conducted by our technology consultants. The walk-through is available to us now since we've used it for past presentations to private capital sources. However, exactly how it is we can implement the presentations to the public with a reasonable degree of security must still be resolved.
It's our intention to get back to you as soon as possible with a plan that can work whereby the walk-through is made available within the month. This should only take a few business days. At that time, we will announce the viewing date(s), our plan for certifying participants and the forum in which we intend to conduct this event. Regardless, we see no reason why the presentation(s) cannot be conducted this month.
To conclude, we understand that our shareholders are excited to view a demonstration of the platform and celebrate what the company has achieved. And it is because we value you, our shareholders, we will proactively strive to meet your stated needs and expectations.
Your patience and understanding regarding this sensitive issue is sincerely appreciated!
MESA AIR GROUP INCORPORATED (NASDAQ: MESA) "Up 6.67% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/MESA.php
Mesa Air Group, Inc., through its subsidiaries, provides scheduled passenger and airfreight services. It carries passengers, as well as freight and express packages on its passenger flights. The company also has interlined small cargo freight agreements with various other carriers. In addition, Mesa Air Group contracts with the U.S. Postal Service for carriage of mail to the cities it serves. Further, it occasionally operates charter flights. As of September 30, 2007, the company operated a fleet of 182 aircraft with approximately 1,100 daily departures to 184 cities in the United States, the District of Columbia, Canada, the Bahamas, and Mexico. Mesa Air Group was founded in 1980 and is headquartered in Phoenix, Arizona.
MESA News:
July 2 - Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary Injunction Against Delta Air Lines
Mesa Air Group, Inc. (Nasdaq: MESA) announced that the U.S. Court of Appeals for the 11th Circuit has affirmed the preliminary injunction against Delta Air Lines ("Delta"), which enjoined Delta from terminating Freedom Airlines' Delta Connection Agreement covering certain ERJ-145 aircraft (the "Agreement").
On May 29, 2008 the United States District Court for the Northern District of Georgia issued a preliminary injunction against Delta enjoining it from terminating the Agreement in place between Freedom Airlines and Delta. Delta had sought to terminate the Agreement based upon allegations that Freedom had failed to meet certain operational performance requirements. In affirming the District Court's decision, the Court of Appeals noted that Freedom had shown a substantial likelihood of success on its claims and that the District Court found testimony of Delta's primary witness to be "non-credible." The Order granting a preliminary injunction included the finding that Delta acted in "bad faith" in its attempt to terminate the Agreement. The preliminary injunction will remain in place while the case proceeds in the District Court. With both the District Court and now the Court of Appeals finding that Mesa has demonstrated a substantial likelihood of success on its claims, Mesa looks forward to having this matter fully and finally resolved at trial.
Commenting on today's ruling, Mesa Chairman and CEO, Jonathan Ornstein said, "We are very pleased with the Court's Order affirming the injunction issued by the District Court. We reaffirm our commitment to offering the very best service to Delta and our Delta Connection passengers. We would also like to thank our dedicated employees who have continued to provide outstanding service through this unfortunate case."
Freedom Airlines currently operates 22 50-seat ERJ-145 aircraft for Delta as Delta Connection.
Mesa currently operates 150 aircraft with approximately 800 daily system departures to 110 cities, 38 states, the District of Columbia, Canada, and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,700 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005.
BEACON POWER CORPORATION (NASDAQ: BCON) "Up 10.13% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/BCON.php
Beacon Power Corporation designs, develops and is taking steps to commercialize advanced products and services to support stable, reliable and efficient electricity grid operation. The Company's primary business strategy is to commercialize its patented flywheel energy storage technology to perform frequency regulation services on the grid. Beacon's Smart Energy Matrix, which is now in production, is a non-polluting, megawatt-level, utility-grade flywheel-based solution to provide sustainable frequency regulation services. Beacon is a publicly traded company with its research, development and manufacturing facility in the U.S.
BCON News:
July 2 - U.S. Department of Energy Offers $43 Million Loan Guarantee to Beacon Power for Flywheel Energy Storage Project
Beacon Power Corporation (Nasdaq: BCON) announced that it has received a conditional commitment from the U.S. Department of Energy (DOE) for a loan guarantee of approximately $43 million. The DOE's offer outlines terms for a loan that would finance more than 60% of Beacon's planned 20-megawatt (MW) flywheel-based energy storage plant to be located in Stephentown, New York. The plant, which will provide frequency regulation services, will help stabilize and enhance the performance of the grid. Its emission-free operation will also significantly reduce CO2 levels, as compared to fossil fuel-based regulation methods used today.
The loan, which would be funded by the U.S. Treasury's Federal Financing Bank, is expected to provide debt financing for 62.5%, or $43 million, of the estimated $69 million total project cost. Approximately $50 million of this total cost is direct equipment and facility costs. Beacon's equity contribution of roughly $26 million will be provided by a combination of cash, in-kind assets, and other eligible project costs. Before the loan can be closed, the DOE's conditional commitment is subject to negotiation and completion of a number of contracts and conditions.
"We're extremely pleased by DOE's decision to issue a conditional commitment to Beacon Power for a loan guarantee for this 20 MW energy storage plant," said Bill Capp, Beacon president and CEO. "With this anticipated federal funding and expected plant construction, we will make a major transition from development and pilot operation of our flywheel technology to full-scale commercial deployment. For New York initially, and later other regions where plants could be built, it will also signal a dramatic shift to a cleaner, more sustainable method of providing frequency regulation on the grid."
Senator Edward M. Kennedy said, "Beacon Power's electricity storage system is exactly the type of technology the nation needs to meet the clean energy goals essential to a safe and sustainable future. With this strong support from the Department of Energy, this ground-breaking company will help lead the way forward."
Senator John F. Kerry said, "This loan guarantee is an example of how the federal government and Massachusetts technology pioneers like Beacon Power can create a partnership between government and industry to solve the greatest global challenge of the 21st century."
Congresswoman Niki Tsongas (D-MA) said, "Beacon Power is just the second company in the country to be offered a Department of Energy loan guarantee for innovative clean energy technologies. Their homegrown technology is helping to drive the clean energy revolution across the country, while creating outstanding new clean energy jobs in our community."
"We would like to thank the Obama Administration, in particular Energy Secretary Chu and his team, and the U.S. Congress for their foresight and dedication in making the loan guarantee program a reality," Bill Capp added. "This loan guarantee will enable the construction and start-up of our first full-scale commercial plant, and it confirms DOE's positive role in using energy policy to accelerate the deployment of advanced energy technologies."
Out of 143 pre-application submissions in late 2007, Beacon's 20 MW energy storage plant was one of just 16 projects invited to submit a full application for loan guarantee consideration. Of these 16 projects, Beacon's was the only one selected in the "Electricity Delivery and Energy Reliability" category.
ABOUT THE DOE LOAN GUARANTEE PROGRAM
The DOE's Loan Guarantee Program was established pursuant to Title XVII of the Energy Policy Act of 2005. The Act authorized DOE to make loan guarantees for projects that "avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the U.S. at the time the issuance is guaranteed."
The purpose of the Program is to expedite the commercial use of new energy technology in the U.S. and to reduce emissions of greenhouse gases and other air pollutants. Beacon's 20 MW flywheel energy storage plant directly consumes no fuel and produces no emissions. The plant can provide the same frequency regulation services as conventional fossil-fuel generators, which produce greenhouse gas emissions that contribute to global climate change.
NATURAL NUTRITION INCORPORATED (OTCBB: NTNI) "Up 90.91% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/NTNI.php
Natural Nutrition, Inc., through its subsidiaries, manufactures health food and nutrition products. It offers sports, nutritional, and natural dietary supplement products. The company sells its products through INII brand, as well as under private label for retailers primarily in the United States, the United Kingdom, the Netherlands, India, Israel, and South Korea. It also owns a website, iNutrition.com, a primary portal through which the company provides nutritional information and products for direct sale to consumers. The company, formerly known as CSI Business Finance, Inc., is headquartered in Houston, Texas.
NTNI News:
July 2 - Natural Nutrition Warns No Positive News Is Pending or Expected From Company
Natural Nutrition Inc. (OTC: NTNI) announced that the company has no explanation for the recent heavy trading in the company's stock, and specifically wishes to warn its shareholders that no positive news is pending or expected at this time from the company.
AVVAA WORLD HEALTHCARE INCORPORATED (OTC: AVVH) "Up 16.67% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/AVVH.php
avVaa World Health Care Products is a global biotechnology company that specializes in effective, all natural, therapeutic skin care products that improve quality of life and well being for consumers. avVaa's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of common skin ailments, including: eczema, psoriasis and acne. avVaa is poised to manufacture and market its OTC Neuroskin line of skin care products through mass, food and drug channels in the United States and globally. The Company's secondary line of equine and pet care related products are already being distributed throughout all of Canada.
AVVH News:
July 2 - avVaa World Health Care Products, Inc. Announces Engagement of Koeppel Direct for their DRTV-Direct Response Television Media Buying Campaign avVaa World Health Care Products Inc. (OTC: AVVH), a global biotechnology company, manufacturer and distributor of nationally branded therapeutic, natural skin and health care products, announced the engagement of Koeppel Direct to manage their direct response media buying.
Lorie Campbell-Farley, President/COO of avVaa World Health Care is excited to be associated with Koeppel Direct, a world-class direct response television media buying agency, specializing in Multi-Channel Direct Response Television - DRTV online direct response, radio direct response and print direct response campaign management. Koeppel Direct has a reputation for generating increased results, immediately and over the long-term.
Loren Wayne of Koeppel Direct states his firm is leading the charge to provide clients in the direct response industry with an integrated, multi-channel response media buying strategy. "We will integrate all the key mediums that comprise an effective direct response media buy, including-direct response television (DRTV), online, print, and radio to ensure the success of the avVaa World Health Care direct response media campaign".
Ms Farley, states, "it's a wonderful feeling that Koeppel Direct knows the ins and outs of maximizing the impact of a direct response television advertizing campaign. The caliber of Koeppel Direct's direct response media buying performance is why marketers depend on their expertise campaign after campaign."
avVaa World Health Care will receive DRTV media buying results that are measurable specific and immediate.
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Companies: AVVAA World Health Care Products, Inc. (AVVH), Beacon Power Corp. (BCON), eDOORWAYS Corp (EDWY), Mesa Air Group, Inc. (MESA), Natural Nutrition Inc (NTNI)
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