RXEI, VSST, LUXD, RCON, BCND, PWLK OTCPicks.com Stocks to Watch for Thursday, May 24th
5/24/2012 1:02:24 PM
Our Stocks to
Watch today include RxElite Inc. (OTC: RXEI), Voice Assist Inc. (OTCBB: VSST),
Lux Digital Pictures Inc. (OTCBB: LUXD), Recon Technology Ltd. (NASDAQ: RCON),
Beacon Redevelopment Industrial Corp. (OTC: BCND) and Powerlock International
Inc. (OTC: PWLK).
INCORPORATED (OTC: RXEI)
Detailed Quote: http://www.otcpicks.com/quotes/RXEI.php
engages in the development, manufacture, and marketing of generic prescription
drug products in specialty generic markets. Its products include Sterile Liquid
Dose products that consist of generic ophthalmic products in unit and
multi-dose presentations, sterile unit dose inhalation respiratory products,
and injectable drugs. The company, through its subsidiaries, also manufactures
active pharmaceutical ingredients for pharmaceutical companies in the United
States, Europe, and Asia. Its customers include hospitals and hospital group
purchasing organizations, national and regional wholesalers, direct retail
pharmacy stocking chains, homecare companies, and outpatient surgery centers
and ambulatory care clinics. The company has partnership agreements with Stason
Pharmaceuticals, Inc.; Alkem Laboratories Limited; and Zach Systems S.p.A.
RxElite is headquartered in Meridian, Idaho. RxElite Inc. operates as a
subsidiary of Piramal Healthcare Ltd.
No recent news
for RxElite Inc. (OTC: RXEI).
INCORPORATED (OTCBB: VSST)
Detailed Quote: http://www.otcpicks.com/quotes/VSST.php
Voice Assist is
an award-winning speech platform designed to be used from any phone, eliminates
the need to press buttons on smartphones, tablet PCs or other network-connected
devices. Mobile developers and cloud-based service providers can leverage Voice
Assist’s platform to provide voice access to any application through its rapid
application development environment and mobile widgets making it easy to add
powerful voice interface. Voice Assist also offers its hands-free safe driving
application and CRM-by-voice applications direct to the public and/or through
resellers and private label OEM relationships.
May 22 - Voice
Assist Closes $800,000 Strategic Private Placement
Accelerate Market Penetration and Technology Growth of its Award-Winning Speech
Platform and Services
Inc. (OTCBB: VSST), an award-winning leader in speech enabled hands-free safe
driving solutions, today announced that it has closed a private placement
yielding gross proceeds of $800,000. The terms include the sale of 5,333,333
shares of restricted common stock priced at $0.15 per share. In addition, the
company has issued five year callable warrants to purchase up to an additional
5,333,333 shares of common stock at $0.50 per share, which would provide the
company with up to $2.6 million of additional working capital if exercised.
“We are excited
to participate as a significant strategic shareholder in Voice Assist,” said
Paul Arena, Chief Executive Officer of Augme Technologies, Inc., (OTCBB: AUGT).
“This funding should allow Voice Assist the growth capital to accelerate its
market penetration and sales cycle and to continue to innovate its speech
platform into the smartphone, automotive and other mobile device industries. We
are also impressed with Voice Assist’s intellectual property covering speech-driven
browsing of cloud-based address books, music libraries and speech-driven
updates to social networks including Facebook, Twitter and leading CRM
platforms including Salesforce.com. We see a tremendous growth opportunity in
these sectors and feel that Voice Assist is well positioned to become a market
“We believe the
growth capital and relationship opportunities provided by strategic investors
such as Augme Technologies can support the integration of speech control
functionality into mobile marketing,” said Michael Metcalf, Chief Executive
Officer of Voice Assist, Inc. “We also appreciate the participation in this
private placement by a group of seasoned telecom and digital media executives
who understand how our technology can be applied not only to mobile devices but
also to landlines, VoIP lines and in other modes of communication.”
package was managed by Source Capital Group, Inc., a boutique investment bank
focused on emerging growth companies involved in the Communications, Internet,
Digital Media, Energy, and Clean Tech industries. “We’re excited about Voice
Assist because its technology can be used on any phone, which opens up a
massive market opportunity unlike other solutions, which only run on the data
channel of a smartphone,” said Vik Grover, CFA, Senior Managing Director.
PICTURES INCORPORATED (OTC: LUXD)
Detailed Quote: http://www.otcpicks.com/quotes/LUXD.php
Pictures, Inc. engages in the development, production, marketing, and
distribution of digital films. The company intends to market its motion picture
product and distribution businesses under various brands, including Lux Digital
Pictures, Midnight Movies, New Broadway Cinema, and Short Screams. It also
intends to develop its brand Midnight Movies brand as a specialty theatrical
distributor that provides multi-market releases for some of its own products
and film products acquired from third parties. The company’s Short Screams
brand would be an online Web portal that streams and broadcasts independently
produced short horror, suspense, and fantasy films; and New Broadway Cinema
brand would produce and distribute film adaptations of established theatrical
stage productions using its proprietary DigiTheater production process. Lux
Digital Pictures, Inc. was founded in 2008 and is based in Los Angeles,
May 23 - Lux
Digital Pictures, Inc. Acquires WatchThis™ and Contracts for RadioLoyalty™
Pictures, Inc. (OTCBB: LUXD) ("Lux" or the "Company")
announced that it has acquired the entire WatchThis™ business and assets,
including the following tangible and intangible properties: WatchThis.com
Domain Name; assignment of the patent pending for "System and Method for
Providing Media Content;" the WatchThis™ website, database, repositories
and digital assets; work product, goodwill, proprietary ideas and trade
secrets; business concepts; computer hardware, software and other equipment.
WatchThis™ is a patent-pending advanced digital media player technology, known
as DoinyVision™, that provides commercial free content with unobtrusive in-show
merchandising and advertising. This technology incorporates enhanced product
placement with user driven requests for additional information on those items
they deem pertinent to their lifestyle.
The Company also
entered into a binding letter of intent to acquire, on or before October 1,
2012, all of the business and assets of RadioLoyalty, Inc., an affiliate of
Michael Hill, in consideration for the issuance to the RadioLoyalty™
shareholders of approximately 90% of the total issued and outstanding stock of
the Company at the time of the acquisition. Lux plans to acquire RadioLoyalty™
and change its name and trading symbol appropriately.
17, 2012, Lux conveyed all of its existing motion picture and related assets
and business to Lux Digital Pictures GmbH Partners, an affiliate of Lux, in
consideration for the assumption of certain liabilities and the issuance of 100
shares of the Company's Series A Convertible Preferred Stock.
very pleased to be able to announce this acquisition and agreement. The
proprietary Internet and Mobile business models of both WatchThis™ and RadioLoyalty™
have enormous potential and will now provide the Company with an exponential
opportunity to grow, become profitable and to create near term shareholder
value," said Ingo Jucht outgoing Chief Executive Officer of Lux. "As
a shareholder of Lux, I am excited about the Company's new business."
Michael Hill has
been appointed the new Chairman of the Board of Directors and Chief Executive
Officer of Lux.
LIMITED (NASDAQ: RCON)
Detailed Quote: http://www.otcpicks.com/quotes/RCON.php
Technology, Ltd. is a non-state-owned oil field service company in China. The
company has been providing software, equipment and services designed to
increase the efficiency and automation in oil and gas exploration, extraction,
production and refinery for Chinese oil and gas fields for more than 10 years.
May 23 - Recon
Technology Wins Major Contract of PCS & SIS Systems in Turkmenistan
Ltd. (NASDAQ: RCON), a Chinese non-state-owned oil and gas automation services
provider (the "Company"), announced that one of its variable interest
entities, Nanjing Recon Technology Co., Ltd. ("Nanjing Recon"),
signed a major contract with the China National Petroleum Corporation's
("CNPC") Sichuan Petroleum Administration Bureau to provide the
latter with the Emerson PCS & SIS Systems in its South Yolotan Gas Field
Project (the "Project") located in Turkmenistan. The total contract
value exceeds RMB19 million (USD3.02 million), which was by far the biggest
contract for the Project's PCS & SIS Systems.
contract, Nanjing Recon will not only provide all hardware and software related
to the PCS & SIS Systems, but is also responsible for the procurement,
production and installation of the systems and the after-sale services. The
Project is significant in scale, advanced in technology and sophisticated in
the overall design. As the systems involve all steps of the natural gas
extraction process, they require intricate engineering techniques. Nanjing
Recon is closely involved in the overall design of the automation control and
undertakes the most critical step in designing the Emerson PCS & SIS
Systems. The systems are expected to be delivered before May 30, 2012 and the
entire project is expected to be completed by the end of year 2012.
Turkmenistan, the South Yolotan Gas Field is the largest natural gas field in
the world with proved reserves of 7 trillion cubic meters," Mr. Yin
Shenping, Recon's CEO, said. "CNPC signed the joint development agreement
with the gas field in 2011 and is at the stage of researching and developing
key techniques. We are very fortunate to have this opportunity to work with
CNPC outside China at this critical stage. Our cooperation marks the first time
Recon undertakes a foreign project and is an excellent first step for Recon to
grow into an international company. This is also the first time Recon
introduces the Emerson systems to the Central Asian market. We believe this
project will lay a solid foundation for our automation business and will become
a launch pad for additional large-scale overseas projects. As part of our
overseas expansion strategy, we will take this opportunity to gain experience
and win additional projects."
Emerson PCS & SIS Systems we supply focus mainly on automation solutions
for the gathering and transmission of natural gas," Mr. Yin continued.
"We won this contract thanks to our continued efforts in this area. First
of all, Recon has cooperated with CNPC for more than 10 years. We have
accumulated enough experience in initial designing and on-site implementation.
We believe this project attests to our capabilities and experience in project
management. Secondly, we have established a long-term strategic relationship
with Emerson, which assures best products to our clients. Moreover, Recon has
been consistently investing in the training of its service staff. Through its
experienced team, Recon is able to provide the most cost-effective solutions
and timely services of the highest quality. We believe we are capable of
successfully implementing large-scale projects and further burnishing our
reputation among our clients. We look forward to servicing our clients with a
broader offering of state-of-the-art products and services."
REDEVELOPMENT INDUSTRIAL CORP. (OTC: BCND)
Detailed Quote: http://www.otcpicks.com/quotes/BCND.php
specializes in acquiring undervalued properties that offer the potential for
above average return on investment along with multiple assets and development
ability at distressed prices. The properties must offer recyclable/salvageable
materials along with the potential for redevelopment and or desirable
development potential. The company also seeks, along with the above aforementioned,
properties that have the possibility for governmental grants, tax rebates or
deferments as part of their criteria for acquisition.
May 23 - Beacon
Redevelopment Industrial Corporation Advises Shareholders of Change in Control
and Funding of Glass Factory Project
Redevelopment Industrial Corporation (OTC: BCND) advised shareholders that the
entire class of preferred stock was transferred to Diversified Asset
Acquisition Group, Inc.
preferred shares, although non-convertible to common stock, control 51% of the
voting rights of the Company while the common shares control 49% of the voting
the controlling interest in Beacon Redevelopment from the prior control entity
in a private transaction. DAAG will remain a private company owned and
controlled by Frank Castellano, Beacon's President.
DAAG chose to
purchase the controlling interest in Beacon Redevelopment based on the clear
synergy between the two companies' business models of acquiring distressed
assets that are clearly undervalued.
Now that DAAG
acquired control of the Company, it will fund the deconstruction of the
Westmoreland Glass Factory project without the need to utilize the Company's
line of credit absent unforeseen events. The funding will allow the Company to
move forward with the project more quickly than if it had to rely on outside
INTERNATIONAL CORPORATION (OTC: PWLK)
Detailed Quote: http://www.otcpicks.com/quotes/PWLK.php
International is the manufacturer of the Power Lock® vehicle anti-theft system,
the only system guaranteed to prevent your car, truck or van from being
hot-wired and driven away. This is a totally unique "sealed"
electronic system, impossible to circumvent. The system is continually armed by
creating an open ignition circuit that disables the starting circuitry at the
No recent news
for Powerlock International (OTC: PWLK).
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