Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s December 12th and we’ve found 8 great press releases from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.
You can watch AGORACOM TV right from our home page , or our archive where you can see or search all of our previous shows.
If you are new to the show, it is a daily, fast-paced, edgy report that we put out at or before the open everyday that strictly reports on the best small cap and micro cap press releases of the day in 3-5 minutes. You can watch the show by going to AGORACOM every morning.
Our daily show focuses on content over form so that you can get profitable information into your hands as fast as possible. The same holds true for these blog entries where I simply cut and paste my TV notes for your benefit, without any editing.
If you have any material information pertaining to any of today’s companies, be sure to share your knowledge by posting your comments for everyone to see.
As always, don’t forget to visit the AGORACOM Marketplace where we list compelling summaries for over 65 great small-cap companies that you can sort by exchange and industry to suit your personal investing tastes.
Now, onto our show notes for the day.
Rambler Metals and Mining plc (TSX VENTURE:RAB – AIM:RMM)
Drills 60.7 Feet of 4.26% Copper, 4.3 g/T Gold and 1.25% Zinc; High Grade
Mineralization Thickens at Depth
is pleased to announce the latest drill intersections from its ongoing surface program.
– RM07-20j returns 60.70 feet of 4.26% copper, 4.34 g/T gold and 1.25% Zinc on the 1807 Zone
— Including 20.90 feet of 10.82% copper, 3.26 g/T gold and 3.38% Zinc
— Including 29.30 feet of 8.01% copper, 8.73 g/T gold and 2.46% Zinc
1.50 (high-end of trading range)
Ranaz Corporation (TSX-V: RNZ),
Announces acquisition of Bar Tech, First major strategic acquisition in the United States
a company specializing in the manufacturing and marketing of protein and dietary supplements for weight loss and obesity treatment,
has signed an agreement to acquire Bar Tech Manufacturing, Inc. (“Bar Tech”), a manufacturer of nutritional bars based in
For the 11-month period ended November 30, 2007, Bar Tech reported revenues of US $3.2 million, primarily from the sale of private American brands of nutritional bars. Loss of $171,000
Jean Bourassa-Marineau, President and Chief Executive Officer of Ranaz. “This acquisition will put us nine months ahead of our manufacturing schedule for nutritional bars, the only item whose production we subcontract out, and which accounts for nearly 50% of our revenues.”
“We also estimate that this acquisition will reduce our capital expense forecasts for bar manufacturing by nearly $2 million.â€
The transaction will close as soon as Ranaz completes its due diligence of Bar Tech and obtains the required regulatory approvals.
1.30 (High of $2.22 … watch for TLS)
Glamis Resources Ltd. (TSX VENTURE:GLM.A;GLM.B)
Announces Light Oil Discovery at
has made a light oil discovery with its first 100% working interest horizontal well at
The well is the first in what Glamis believes may be a significant, 3D seismically defined, structure.
Over two days of completion operations the well flowed for 7 hours and produced a total of 28 m3 (175 bbls) of light oil.
With successful production from the first well, Glamis plans to expedite the development of Queensdale with the next two horizontal wells, both at 100% working interest, to be drilled in the first quarter of 2008.
GLM.A .35
SNAP Interactive, Inc.(OTC BB:ETWI.OB)
Applications Surpass 5 Million Users on Facebook(R) Platform
its applications called ‘Are You Interested’ and ‘Meet New People’ built on Facebook Platform have surpassed 5 million total installations.
The ‘Are You Interested’ application, was launched on August 14th, previously announced an installation count of 3 million in early November.
“A sixty-seven percent increase in the install count of an additional 2 million users during the past month for ‘Are You Interested’ is very gratifying,” said Clifford Lerner, SNAP’s CEO. Lerner continued, “We are delighted by the growth that our applications continue to experience and consider 5 million users to be a significant milestone. More than 500,000 unique users visit our applications on a daily basis. We look forward to further innovation and the addition of many exciting new features to the application.”
Facebook Platform is a development system that enables companies and developers to build applications for the Facebook website, where all of Facebook’s users can interact with them. More than 50 percent of Facebook users return to the site each day, providing unparalleled distribution potential for applications and the opportunity to build a business that is highly relevant to people’s lives. With more than 58 million active users, Facebook is the sixth most trafficked website in the
.72
CON-SPACE Communications Ltd. (CCB – TSX Venture),
First Quarter Results Show Sales Up 39%
a world leader in specialized voice communication products, technical search, surveillance and inspection systems, previously released its
financial statements for the 1st quarter of fiscal 2008 and summaries the results herein.
Sales increased by 38.8% for the first quarter of fiscal 2008 to a total of $1.873 M compared to $1.350 M for the 1st quarter fiscal 2007. This increase is partially a result of the continuing climb of the Canadian dollar and the addition of Search Systems, Inc. Note that all revenue and costs include Search Systems this year which were not in the previous year.
Advertising, travel and trade show expenses increased by $143 k or 241.8% this year. This figure includes a higher travel budget as a result of the increased sales force, a presence at additional tradeshows, the addition of Search Systems and an increased focus on marketing. Office Rent, Supplies & Other costs were up $36 k or 66.9% compared to the same period last year as a result of the addition of Search Systems. Additionally, the
Earnings operations before interest, income taxes, depreciation and amortization (EBITDA) for the period was $26 k compared to $61 k in the prior period, while net loss for the period increased to $390 k versus $5 k for the prior year.
Loss per share ended at $0.02 per share while earnings per share in 2007 were nil. The average number of common shares outstanding increased from 10,773,380 in 2007’s 1st quarter to 14,773,380 in the current quarter.
.32
Points International Ltd. (TSX: PTS; OTCBB: PTSEF)
expects 2008 revenues to more than double to $65-$75 million
world’s leading loyalty reward solutions provider and owner of the Points.com portal, announced that 2008 revenue will more than double over 2007 to the range of $65-$75 million and positive EBITDA and significant EBITDA growth over 2007.
Points also announced that the public beta launch of its Global Points Exchange (GPX), the world’s first peer-to-peer mileage and points marketplace will begin early next week. In this initial phase of the product, users visiting www.points.com can actively transfer their frequent flyer miles between five different programs, including American Airlines
Points International Ltd. is the owner and operator of Points.com, the world’s leading reward-program management portal. At Points.com consumers can Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of the world’s leading reward programs
Previous Close – $3.64 52WH $3.87 52 WL $.056
Empire Film Group, Inc. (EFGU.PK)
DISCLOSURE – THIS IS AN AGORACOM CLIENT
Acquires Successful Distributor-Publisher
has acquired a majority ownership stake (80%) in Truman Press, Inc., parent company of film distributor and book publisher
Hannover House is a leading independent film and DVD distributor for the
The company was formed in 1993 and has accumulated a library of more than 85 film and video properties and 15 books as well as full motion picture and video production facilities.
Successful DVD releases for
“Christmas in the Clouds,” selected as “Oprah’s Must See Holiday Movie” and
Successful book releases for
Empire Home Entertainment will be releasing 14 new titles to the DVD market during the first quarter of 2008.
2.56
Lexaria Corp. (OTC BB:LXRA.OB)
Strong Increases in Proved Reserves
increases in its proved oil and gas reserves in
In the 12 months ending October 31, 2007,
the Company increased its gas reserves by 638%.
It increased its net oil reserves to 78,698 barrels compared to none one year earlier.
The Company is currently producing oil from 3 wells; and is producing natural gas from 11 wells.
An additional 4 natural gas wells are either waiting to be connected or temporarily shut-in.
Current total gross monthly cash flow is estimated at approximately $150,000 per month and is expected to result in positive net cash flow for the first quarter of fiscal 2008 ending January 31, 2008.
.87