OTCPicks.com: Pre-Market Stocks to Watch for Tuesday, May 9th, WBRS, BLDV, FLST, NAYN, TSSW, FGFC
By M2
Last Update: 5/9/2006 8:02:04 AM Data provided by
May 09, 2006 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch for today include - Wild Brush Energy (WBRS), Blue Diamond Ventures, Inc. (BLDV), Financial Access Solutions Technology Inc. (FLST), Nayna Networks, Inc. (NAYN), TouchStone Software Corporation (TSSW), First Guardian Financial Corporation (FGFC)
STOCK WATCH ALERTS
WILD BRUSH ENERGY (WBRS) "Up 136.11% in morning trading"
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Wild Brush Energy (WBRS) is a diversified energy company whose primary goal is to identify and develop Oil & Coalbed Methane sites within the State of Wyoming. In addition, Wild Brush Energy continues to evaluate clean air alternative energy producing technologies such as Wind Power. Wild Brush trades in the U.S. under the symbol "WBRS."
BLUE DIAMOND VENTURES, INC. (BLDV) "Up 59.42% on Monday"
Detailed Quote: otcpicks.com
Blue Diamond Ventures, Inc. (BLDV) is an agriculture, bio fuels (ethanol and bio diesel) and commercial development company with operations in Belize and the US. The company recently announced plans to break ground this year on a million dollar goat processing facility in Belize and aggressively market the world's most eaten meat throughout the U.S., Central America and the Caribbean. The goat market has been growing at an annual rate of 30 percent since 1990. Blue Diamond will utilize 3,000 acres for a goat ranch, research center and processing facility in Belize. The company will utilize 1,200 acres in Oklahoma. However, local farmers in Belize and Oklahoma, under a cooperative agreement with Blue Diamond Ventures, will raise the goats and process them at the company's facilities. Blue Diamond's overall business plan includes ethanol production, tilapia and shrimp aqua farming and raising thousands of acres of soybeans. The company is presently in discussion with various large refining and supply companies that have offered to purchase the company's energy futures. The second phase of Blue Diamond's goat initiative in Belize will be goat-fiber production of mohair and cashmere. Blue Diamond Ventures has established a partnership with Langston University, home of the renowned E. (Kika) de la Garza Institute founded in 1984 to generate and disseminate technical information on goats, advance the knowledge of goat production and enhance the utilization of goat products.
BLDV News:
May 8 - Blue Diamond Ventures Inc. Reports Record Revenues and Net Income for Fiscal 2005
Blue Diamond Ventures, Inc. (BLDV), an agriculture, biofuels and commercial development company, announced today audited fiscal 2005 financial statements. The company posted record revenues of $5.89 Million and net income of $1.03 Million for fiscal 2005 as compared to revenues of $5.14 Million and $923,000 net income for fiscal 2004.
"We had a record 2005 and are anticipating our fiscal year end in June, as we are pleased with our significant growth in 2006," said Blue Diamond Chairman and CEO John Quincey Moaning. "With the pressing need for increased use of ethanol and biofuels, Blue Diamond anticipates exceeding our revenue goals moving forward."
Ethanol and biodiesel are rapidly growing energy sectors in which Blue Diamond plans to further its position. Blue Diamond will initially construct a 3.5 million gallon per year (MGY) ethanol facility and a 5 million gallon per year (MGY) biodiesel facility in Belize. The company anticipates using sugar cane and molasses as the main stock for the ethanol. The biodiesel will be manufactured from vegetable oils such as soybeans, canola and palm and from animal fats processed at Blue Diamond's facilities. Moaning envisions expanding to a 50 million gallon per year (MGY) facility.
Blue Diamond will be submitting financial statements to pinksheets.com.
FINANCIAL ACCESS SOLUTIONS TECHNOLOGY, INC. (FLST) "Up 43.33% on Monday"
Detailed Quote: otcpicks.com
Financial Access Solutions Technology Inc. (FLST), a technology provider, specializing in point-of-sale, cash and treasury, card products, and transactional software solutions for North American merchants. The company operates a wholly owned subsidiary named DM2 Technology, and markets the latest in point-of-sale (POS) terminals and software allowing merchants to efficiently process Debit and Credit card transactions. The company also markets prepaid debit and credit cards through its North American Merchant Client Network.
NAYNA NETWORKS, INC. (NAYN) "Up 170.83% on Monday"
Detailed Quote: otcpicks.com
Nayna Networks, Inc. (NAYN) delivers next-generation broadband networking solutions that redefine the economics for delivery and management of next-generation voice data and video services. The Company is a leader in managed optical access/transport solutions and broadband access. More information is available at nayna.com.
NAYN News:
May 8 - Nayna Networks and WICE-NET, Ltd. Announce US$12 Million Network Solutions Agreement
Initial Purchase Orders Totaling US$7 Million Received
Nayna Networks, Inc. (NAYN), a provider of next-generation network solutions headquartered in Santa Clara, California, USA, and WICE-NET, Ltd., a provider of broadband access services in the India subcontinent and Africa, today announced they have finalized an agreement through which Nayna will be the exclusive network systems solutions and equipment provider for WICE-NET's triple-play broadband access deployments.
WICE-NET is currently moving forward with a project in Africa and has associations/partnerships with major Indian carriers to provide solutions.
Under the terms of the agreement, Nayna will provide advanced equipment for WICE-NET installations, including solutions using Ethernet and SDH-based technologies. Monitoring and control will be done by Nayna's versatile and standards-based element management system "AN NetCharmer". Nayna will also provide WICE-NET with necessary network design, network planning and optimization services, and technical support to enable the deployment of multimedia services in a cost-effective manner with optimal Operating Expenditure (OPEX).
The total value of the agreement is expected to be US$12 million over the next twelve months. To supply its requirements in Africa and India, WICE-NET has given Nayna initial purchase orders valued at US$7 million.
"By working with Nayna, WICE-NET can seamlessly integrate the various equipment technologies with effective management required for our broadband networks," said Balasahab Kadam, chairman of WICE-NET. "Nayna is recognized as a leader in FTTH and SDH technologies and their expertise will allow WICE-NET to deliver our solutions to our customers more efficiently."
"We are pleased to be the network solutions provider for WICE-NET's installations," said Suresh Pillai, Vice President of Nayna Networks, Inc. and Managing Director, India operations. "WICE-NET has an innovative plan to deliver cost-effective broadband access to areas such as Africa and India and we are excited to be a part of their solution."
About WICE-NET
WICE-NET provides an innovative and advanced broadband access mechanism through an intelligent Metropolitan Area Network with capacity to deliver multiple services at affordable cost which is beyond the reach of existing technologies.
TOUCHSTONE SOFTWARE CORPORATION (TSSW) "Up 141.94% on Monday"
Detailed Quote: otcpicks.com
TouchStone Software Corporation (TSSW) is a leading developer of innovative software designed to help people use complex technologies. The company's products, which include BIOS Agent, BIOS Wizard and Driver Agent, are distributed worldwide via the Internet. TouchStone's corporate headquarters are located at 1538 Turnpike Street, North Andover, MA 01845. Additional information on the Driver Agent service is available at www.driveragent.com and a one year subscription is $29.95. Additional information about TouchStone Software is available at www.touchstonesoftware.com.
TSSW News:
May 8 - TouchStone Software Corporation Reports first Quarter 2006 Revenue of $788,957 and Highest Earnings per share in 10 Years
TouchStone Software Corporation (TSSW) today announced that for the first quarter ended March 31, 2006, net revenue was $788,957. On a GAAP basis, Touchstone Software's first quarter net earnings were $206,156, or $0.02 per share diluted. Gross profit margin for the first quarter improved to 85% while net operating margin for the first quarter improved to 26%.
Financial Highlights
-- Touchstone Software's revenue in the quarter grew by 80% from the same period a year ago
-- Touchstone Software ended the first quarter with cash and cash equivalents, restricted cash, and investments of $677,522 an increase of $216,525 from the end of the 4th quarter of 2005
-- Driver Agent online subscription services total active subscribers grew by 321% in the 1st quarter
Financial Outlook
-- Touchstone Software expects net revenue for the second quarter of 2006 to be between $750,000 and $1,000,000
"Touchstone achieved strong growth in its new Driver Agent on-line business this quarter, achieving double digit growth over the previous quarter results" said Jason Raza, president and chief executive officer of Touchstone Software Corporation. "As we continue the growth of our Driver Agent business we are continually evaluating the potential of localizing the service for specific countries and expect to begin this process in the 4th quarter of 2006"
Business Highlights:
-- Touchstone Software signed several new affiliate partners in the 1st quarter including:
-- www.pcpitstop.com
-- Lavalys-www.lavalys.com
-- myPCcenter Online, LLC - www.mypccenter.com
-- Touchstone Software's web traffic achieved new highs during the 1st quarter:
-- Unique Visitors to www.driveragent.com were 900,972
-- Unique Visitors to www.eSupport.com were 2,096,173
-- Unique Visitors to www.totallydrivers.com were 847,174
-- Touchstone Software begun developing a new Active-X based program to replace its popular BIOSAgent product
-- Touchstone Software also received some strong third-party validation in the 1st quarter:
-- SmartComputing - www.smartcomputing.com/email.asp?emid=138753
FIRST GUARDIAN FINANCIAL CORPORATION (FGFC) "Up 120% on Monday"
Detailed Quote: otcpicks.com
First Guardian Financial Corporation (FGFC) is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
FGFC News:
May 8 - First Guardian Financial Corporation Identifies Acquisition Targets Presented By Alliance Financial Services
First Guardian Financial Corporation (FGFC) today announced that it has identified certain acquisition targets as presented by Alliance Financial Services and its affiliates.
Alliance Financial Services is under retainer/contract by FGFC to provide potential acquisitions, financial analysis and special financing for such acquisitions/mergers. Alliance and its affiliates have presented FGFC a list of candidates that fits the company's required criteria for acquisitions/mergers; the company has directed Alliance and or their affiliates to pursue two of the presented company's for immediate acquisition.
The company expects that with the assistance/services of Alliance Financial and its affiliates that it will be able to accelerate its growth significantly thru acquisitions/mergers that would not have normally been available to FGFC.
"The company in keeping with its aggressive growth plan going forward is extremely pleased with being able to have retained/contracted the services of Alliance Financial Services, their proven track record and seasoned professionals offer over 30 years experience in generating and completing acquisitions/mergers will bring us immediate opportunities and creditability that will accelerate our company's growth plan. " Said Abraham Rosenman President, First Guardian Financial Corporation "In just a short period of time Alliance has presented us with two bona fide candidates and we will pursue them aggressively with the intent of bringing them to fruition" added Mr. Rosenman
About Alliance Financial Services:
Alliance Financial Services are not business brokers; we are accountants who have been in business for over 30 years. We represent buyers who are interested in acquiring companies that are presented to them by Alliance/affiliates or targeted by the acquiring company with minimum sales of $15,000,000. (15 million dollars) or more, we will do the financial work up on all the financial statements and determine the value of the company and its cash flow, if all parties agree we will then recommend an acquisition price and arrange special financing utilizing a combination of self liquidating zero coupon bonds purchased from major brokerage houses and funded by major banks.
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