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stocks That Standout For August 17th, 2009 Are IOVE, CGCA, ZAGG, XCEL, GORO
(M2 PressWIRE Via Acquire Media NewsEdge) www.StandoutStocks.com: Stocks That Standout For Aug. 17th, 2009 are The Italian Oven Inc. (PINKSHEETS: IOVE), Cobra Oil & Gas Co (OTCBB:CGCA), ZAGG Inc. (OTCBB: ZAGG), Xcellink International Inc. (OTCBB: XCEL), Gold Resource Corporation (GRC) (OTCBB: GORO)
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An Unfortunate Natural Disaster Presents a Necessary Opportunity to The Italian Oven
EL RAMA, NICARAGUA, Aug 17, 2009 -- The Italian Oven Inc. (PINKSHEETS: IOVE) today released information pursuant to Securities and Exchange Commission Regulation F.D. about its new subsidiary Richwood Eco Ventures, Inc.
Hurricane Felix devastated the coastlines of Nicaragua in late 2007 and destroyed over three-million acres of virgin rainforest, knocking over millions of trees. Initially, many companies and foreign governments vowed to come to the rescue. Time passed, but most did not step up to the plate.
The exception is a group of companies that already had a foothold in Nicaraguan timber and forest management including Rich Corporacion (created with support from the Ministry of Foreign Affairs of Denmark's DANIDA program), and TECA de Nicaragua (TEKNISA).
Rich Corporacion realized that the downtrodden trees needed to be harvested for wood and the land replanted. Rich Corporacion began projects to raise funds for local communities by harvesting the damaged trees and commercializing the wood. The projects included a partnership with Deutsche Gesellschaft fur Technische Zusammenarbeit GmbH (GTZ) of Germany to assist indigenous communities in the Tasabi Pri territory. Rainforest Alliance's Smartwood certification program will be utilized and full accountability implemented in accordance with Nicaraguan and international law.
The companies maintain a factory and showroom, two production warehouses, three storage warehouses, and a saw mill spanning twelve acres of property. Over 55 people are employed full time by the operation.
Nevertheless, millions of acres of damaged land remain uncorrected. To expand, Rich Corporacion turned to Italian Oven International for assistance. With IOVE's marketing and logistical expertise in both Europe and North America, it agreed to join with Rich Corporacion to establish additional exports. Hundreds of thousands of cubic meters of woods, such as mahogany, cedars, coralillo, pine, almond, Guapinol, nanciton, and coyote, are available. Examples of the wood can be seen at www.richwood.com.ni.
The Italian Oven and its subsidiaries formed Richwood Eco Ventures, Inc., and purchased capital stock in the Nicaraguan companies to establish a partnership protocol. As the majority of the Richwood timber is exported, REVI will directly market the wood throughout the world. The Italian Oven entities will own over 80% of REVI.
Additional information about this venture will be available on the Italian Oven's website at www.theitalianoveninc.com/richwood.html over the next two weeks.
Cobra Oil & Gas acquires 62.5% WI in 640 gross acres in Uintah County, Utah
Aug 14, 2009 -- Oil and gas exploration and production company Cobra Oil & Gas Co (OTCBB:CGCA) reported on Thursday the completion of an agreement with Enercor Inc to purchase a 62.5% working interest (WI)Acovering a total of 640 gross acres.
This acreage is adjacent to the Utah Oil Sands prospect in the P.R. Spring Deposit in Uintah County, Utah in which Cobra has contract rights pursuant to an earlier purchase agreement between Cobra and Enercor.
Under the latest agreement Cobra will issue 300,000 shares of common stock to acquire the 62.5% WI.
Following the acquisition Cobra plans to include this lease in its development activities involving adjacent leases. Questar Corporation holds the balance (37.5% WI) on the lease.
ZAGG Outlines Current Growth Initiatives and Gives Updates to Recent Quarterly Earnings Call
SALT LAKE CITY, Aug 17, 2009 -- ZAGG Inc. (OTCBB: ZAGG), a leading producer of mobile electronics accessories including the popular invisibleSHIELD(TM) and ZAGGaudio(TM) brands, outlines its current growth initiatives and conference call updates. On the company's second quarter conference call on August 13, 2009, the company announced several new growth initiatives which are summarized below.
Wholesale Channel Expansion
-- ZAGG continues a strong, growing partnership with Best Buy Co. Inc. (NYSE: BBY), and announced expanding assortment, installation service, and dedicated wall space in over 1,000 locations. Best Buy will be providing dedicated wall space branded for the invisibleSHIELD to accommodate the increasing demand for additional invisibleSHIELD designs. Currently, over 35 designs are available in stores nationwide for mobile phones, MP3 players, and GPS devices.
-- ZAGG management is working diligently with Best Buy EU and the Carphone Warehouse (LSE: CPW) group, Europe's largest retailer of mobile phones, to increase the invisibleSHIELD availability across Europe.
-- ZAGG is now shipping to 300 Media Markt (FWB: MEO) stores in Germany. Media Markt is Europe's largest retailer of consumer electronics.
-- ZAGG recently finished a two-month promotion with Target (NYSE: TGT), which started the week of May 31st. The program successfully demonstrated the invisibleSHIELD can effectively draw a new demographic.
ZAGG Japan
-- Recently appointed ZAGG Board member Shu Ueyama, founding member of the Sony Walkman team, will be running ZAGG Japan. The recently created joint venture, ZAGG Japan Inc., will officially open its doors in Q4 2009 in the second largest market for handheld electronics in the world.
-- ZAGG Japan distribution efforts will be focused at major national retail chains as well as mobile carrier retail locations.
-- Partnership discussions have already been initiated with major home electronics manufacturers in Japan and could have significant impact as soon as 2010.
New Products
-- ZAGGskins(TM): Due to the high demand from customers and retailers ZAGG has developed ZAGGskins, a customizable invisibleSHIELD that allows users to personalize their electronics. ZAGGskins has been tested and perfected over the past several months, and will launch in Q4 2009 to provide both protection and self-expression for customers.
-- Zrock(TM): The second generation of the popular RocStick(TM), ZAGG's new Zrock introduces superior sound, design and functionality. Not only will Zrock produce great sound from any iPod or iPhone product it will act as a speakerphone for the iPhone while charging it - the perfect desktop station for your iPhone.
-- Zsparq(TM): Finally a solution for all of the power hungry gadgets we all love. A combination charger and portable power supply. The ultimate travel companion that will allow for 4 full charges of an iPhone from a single charge to the Zsparq.
-- ZAGGbox(TM): A new product, called the ZAGGbox, was announced as a future "game changer," and is scheduled for limited availability 4Q 2009. This will be ZAGG's first high end consumer electronics hardware product.
NASDAQ Listing
-- ZAGG recently submitted application to be listed on the NASDAQ Capital Market, and anticipates listing by the end of September.
The following updates are listed below.
ZAGG Foundation
-- We listened. Although very little money would have been dispersed internally by ZAGG and after further reflection and based upon our stakeholders' responses after the ZAGG second quarter conference call, we have decided to immediately TERMINATE the ZAGG Foundation. Any philanthropy from ZAGG will emanate only from its executives and employees directly and personally and will not be sponsored by the public company. We apologize for any confusion and uncertainty caused during the conference call and believe this clarifies the Company's position going forward.
GUIDANCE
-- ZAGG has increased the financial guidance for 2009 to $38 million in revenue and EPS of $0.22.
"The future couldn't be any brighter for ZAGG as we unlock new distribution verticals and align ourselves with respected partners to sell ZAGG products all over the world. ZAGG will continue to innovate and offer exciting solutions for all who are Zealous About Great Gadgets," said Robert G. Pedersen II, President and CEO of ZAGG.
For more information about ZAGG, please visit the investor relations page on ZAGG.com.
About ZAGG Inc.:
ZAGG Inc. designs, manufactures, and distributes protective clear coverings and accessories for consumer electronic and hand-held devices, worldwide under the brand names invisibleSHIELD(TM) and ZAGGaudio(TM). ZAGG has also introduced beta testing of AppSpace.com, an online destination for the fast-growing mobile app market, combined with the networking power of social media. The invisibleSHIELD is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD application of clear protective film covering a device is the first scratch protection solution of its kind on the market, and has sold millions of units. Currently, ZAGG offers over 3,000 precision pre-cut designs with a lifetime replacement warranty through online channels, big box retailers like Best Buy, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories and services to its tech-savvy customer base. For more product or investor information please visit the company's web site at www.ZAGG.com.
Safe Harbor Statement: This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in filings made by the company with the Securities and Exchange Commission.
Xcellink Expects Rapid Growth in Mobile Commerce and Expects Its Patents to Be Key
300 Billion Mobile Payment Transactions Will Be Made in 2013, Totaling US$800 Billion, According to a New Report
LAS VEGAS, NV, Aug 17, 2009 -- Xcellink International Inc. (OTCBB: XCEL), an advanced platform-independent developer of customer-centric payment systems and methodologies, today welcomed Mobile Telecommunications Industry observations predicting rapid growth in mobile payments using smart phones.
Informa Telecoms & Media predicts that 300 billion mobile payment transactions will be made in 2013, totaling US$800 billion, according to a new report. It also suggest that revenue from mobile payments in 5 years time will be as high as US$10 billion, a twelve-fold increase on what we see today.
The report also predicts that mobile transactions will change in nature; whilst in 2008, approximately one third of mobile payments were for mobile content such as ringtones or games, by 2013 people will be far more likely to be using their mobile to purchase physical goods and services. Alongside this, users of mobile banking are predicted to grow significantly, from 67 million in 2008 to 977 million in 2013.
A scan of the industry reports will show that the effort going into mobile payments at the moment is huge: Many banks, often in conjunction with communications companies are trialling payment systems based on near-field communications around the world, new software solutions are facilitating remote payment over mobile internet connections, remote imaging of cheques is becoming common, and hardware manufacturers are producing add-on phone items that allow some of the older card techniques to be accommodated.
"We fully agree with the industry trends that there will be exceptional growth rates in mobile payments over the coming years," commented a Company spokesman. "But this is only the beginning. As new developments allow even faster and more immediate communications to mobiles, and more integrated services utilizing near-field links between mobiles and businesses, then our patents which address some of the problems in the currently available solutions will be key to a whole new range of services based on consumer-centric solutions that will revolutionize personal trade." About Xcellink Xcellink International Inc. is a developer of advanced platform-independent customer-centric payment systems and methodologies. Xcellink's patented system has the technical ability to replace all credit, debit, charge and smart cards, providing all functions of order, warehousing, delivery and payment for all types of goods and services in a customer-centric manner that is more efficient, economical, and secure than systems operating today. Xcellink's unique process enables customers, rather than the merchant, to initiate, control and pay for all transactions, without the need for credit cards, in real-time anywhere, anytime, and at a fraction of the cost of current transactions.
Please visit www.xcellink.com Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the Securities and Exchange Commission.
Gold Resource Corporation's Large Grinding Ball Mill Arrives at Its El Aguila Project
Ore Stockpiling Underway DENVER, CO, Aug 17, 2009 -- Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) is pleased to report its large grinding ball mill has arrived on site and open pit mining and stockpiling of ore have begun in preparation for operations at its El Aguila Project in the southern state of Oaxaca, Mexico. GRC targets production at its El Aguila Project in 2009, subject to remaining equipment delivery and construction schedules.
The El Aguila Project's largest ball mill arrived Sunday, August 16, 2009. Lyntek Incorporated, the project's engineering, procurement and construction manager (EPCM), has their grinding mill expert on site for the installation. GRC's second, smaller ball mill, which was fabricated in Peru, has arrived in Mexico and will be shipped to the site shortly. Gold Resource Corporation is in the final phase of mill construction with the mechanical / electrical contract underway. Most of the equipment has arrived on site and is being installed. The Company is pushing for production as soon as possible in 2009.
Having now received the Federal open pit permit, mining of the ore has begun and is being stockpiled at the mill in preparation for operations. The Company targets stockpiling as much gold ore as possible prior to mill start-up.
Gold Resource Corporation's president, William W. Reid, stated, "Having recently obtained the permits necessary to mine our El Aguila open pit deposit we are pleased to now have only to finish construction for production to begin." About GRC: Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 46,095,489 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission.
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