THE STOCK WIZARDS FOCUS LISTS INCLUDES: (OTC: KATX) KAT Exploration Inc., (OTCBB:LLSR) Lantis Laser Inc., (OTC: CONC) Conectisys Corp., (OTCBB: DRLY) Doral Energy Corp., (OTCBB: ECDC) East Coast Diversified Corp.
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(OTC:KATX — KAT Exploration Inc.)
KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL, Jun 16, 2010 KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
Technical Outlook: with the market capitalization of KATX coming down from 160 million to current levels of 83 million, Traders and Investors are starting to feel there may be bargains at these levels. TSW will be watching the psychological .10 major support level this coming week. As long as KATX stays above these levels we could see a rally back to the .20 level.
Technical indicators looked to be a little bit oversold. TSW would not be surprised to see a bounce to the upside for a short-term trade. Can the Bulls overcome the short-sellers short-term, we will find out.
About KAT Exploration Inc.
KAT Exploration Inc. was established as a for profit corporation in the province of Newfoundland and Labrador on December 5, 2005, by Ken and Tim Stead, who are experienced in mineral exploration and prospecting. The company explores for mineral deposits in and around central and eastern Newfoundland, Canada.
(OTCBB: LLSR — Lantis Laser Inc.)
Lantis Laser Signs Letter of Intent to Merge With Perio-Imaging Inc.
DENVILLE, N.J., Jun 16, 2010 Lantis Laser Inc. (OTCBB:LLSR) (http://www.lantislaser.com), announced today that it has signed a Letter of Intent to merge with Perio-Imaging Inc., a private New York based company. The merger would be an all stock transaction and closing, among other conditions, would be subject to raising the required funding to complete the proposed merged company’s product development program. The name of the new merged company will be announced upon closing.
The combined company expects to generate higher overall revenues, which will now include a substantial recurring component. In total, management believes that the combined company will represent a significantly more attractive investment opportunity, in terms of its technological and financial characteristics as well as the large market its products pipeline addresses.
On the basis of a merged company, management will seek investment options to raise the necessary capital to advance its product portfolio to commercialization.
Lantis Laser has licensed rights to optical coherence tomography (“OCT”) and near infrared transillumination imaging technology for applications in the dental field. Its product focus is on detection of early, later and hidden decay and microstructural defects in teeth. Both modalities are light-based and therefore do not emit potentially harmful radiation. OCT has been successfully used in ophthalmology for many years and recently FDA clearance for cardiovascular imaging was granted to a Lantis Laser licensor.
Perio Imaging Inc. has developed a novel ultrasound periodontal imaging device, the Perio-Imager, for the early detection of periodontal disease and establishing a patient’s periodontal condition. Periodontal disease is not only a major cause of tooth loss but has been linked to other systemic diseases such as diabetes, cardiovascular disease and pancreatic cancer. Detecting, quantifying and tracking a patient’s periodontal condition are important aspects of modern dentistry and disease prevention. The Perio-Imager provides a quick, easy to use, inexpensive and accurate method of detecting early stage periodontal disease as compared to the traditional sharp pointed manual probe. Management believes that this provides tremendous revenue generating potential for the dental office by enabling general dentists to treat patients who would ordinarily be referred to a periodontist. The Perio-Imager is intended to be a non-contact, painless, accurate modality that provides an objective, accurate measurement of periodontal pockets depths, the early sign of periodontal disease.
The Perio-Imager is in the final stages of development and would be offered at a relatively modest price point to the dentist, currently estimated at less than $3,000, making it, in management’s view, affordable for all dental offices. Perio’s revenue model also incorporates a significant recurring revenue component with a usage fee for each patient exam.
Stan Baron, President and CEO of Lantis, said, “We firmly believe that there are strong synergies between the respective companies’ technologies which could be sold in an integrated chairside platform or as standalone devices. With this combination, we expect that the new merged company would become a key leader not only in the area of early detection of decay but also of periodontal disease. Despite advances in dental health, these diseases are still very prevalent and trends towards early detection and minimally invasive treatment require a level of diagnostic capabilities not currently available.” He went on to add that the new company will also benefit from synergies in senior management, operations and marketing, as well as access to a highly regarded Dental Advisory Board.
“We are excited about the merger with Lantis as this creates a company with what we believe are the best solutions to enhance the dentists’ ability to make earlier, more accurate diagnoses, better treatment plans and enhanced outcomes. Most critically, we believe that the combined company will offer a very attractive business model with a diverse set of technologies and quicker time to market,” said Barry J. Berman, President and CEO of Perio-Imaging.
About Lantis Laser Inc.
Lantis was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis has rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive) and LightLab Imaging (non-exclusive). Lantis also has exclusive rights to MEMS scanning technology from the University of Florida. The Company has exclusive licenses with The Regents of the University of California for the Near-Infrared Imaging Technology. OCT was invented in the early 1990′s at the Massachusetts Institute of Technology and is currently being commercialized in ophthalmology, cardiovascular imaging and other bio-medical applications including optical biopsies and cancer detection. Lantis’ products cannot be sold until FDA clearance for marketing is obtained.
To find out more about Lantis Laser (OTCBB:LLSR), visit our website at www.lantislaser.com
About Perio-Imaging Inc.
Perio-Imaging Inc. was formed to commercially exploit an ultrasonographic periodontal probe system it developed (the “Perio-Imager”). Development of the Perio-Imager (including its hardware, software and proprietary hand piece) took three years to complete. The Company has filed three U.S. patents and one international patent on its technology. Beta systems have been completed and final preparation for clinical deployment needs to be undertaken prior to generation of data to support submission for FDA clearance to market the product.
(OTC: CONC– Conectisys Corp.)
ConectiSys Receives H-Net(TM) AMR System Purchase Order
VALENCIA, Calif., Jun 16, 2010 ConectiSys Corporation (OTC:CONC) a developer of automatic meter reading technologies and associated wireless products for the energy market, announced today that the company has received its first H-Net(TM) Meter System purchase order from Gas Natural Fenosa (GNF) in Managua, Nicaragua. GNF will deploy 500 H-Net(TM) units in areas of suspected energy theft.
ConectiSys is engaging in a $40 million plus venture with Gas Natural Fenosa. It has been estimated that to reduce or substantially eliminate theft, an installation of approximately 150,000 H-Net(TM) units would be required to save GNF approximately $43 million per year or $640 million in the next 15 years in Managua, Nicaragua.
The initial release is in the form of a 12-month lease purchase for 500 H-Net(TM) units. The H-Net(TM) BaseStations and intellectual properties are wholly owned and maintained by ConectiSys. The potential coverage is 600,000 units in this region. The rollout pace and strategy will be at the discretion of GNF. ConectiSys will maintain its monthly service fees per month per meter during the purchase period and throughout the life of the meter. Our standard package includes fully integrated utility backend software, utility interface with an array of features including real time data monitoring tools, fraudulent activity notifications, voltage warnings, tampering warnings, real time data graphs and comparables and remote connect/ disconnect functionality. ConectiSys also offers additional services requiring consultant fees such as transformer to transformer data and brownout/ blackout alerts offering early detection warnings at request.
The purchase order is a major milestone for ConectiSys Corporation as Gas Natural Fenosa is one of the largest utilities worldwide with many distribution areas for vertical growth. Many opportunities are beginning to show promise for ConectiSys not only through future expansion within the many coverage areas of GNF, but opportunities may open immediately in Panama, Costa Rica and Columbia.
Robert Spigno, ConectiSys CEO stated, “The future of ConectiSys and Gas Natural Fenosa has begun. We believe that we are strategically aligned to rapidly expand throughout all coverage areas (see more about Gas Natural Fenosa) and intend to pursue contracts in each. The company continues to obtain interest of utilities in South America, domestically and abroad.”
(OTCBB: DRLY– Doral Energy Corp.)
Doral Energy Corp Completes Permian Basin Oil and Gas Asset Divestiture for $10,000,000.00
MIDLAND, Texas, Jun 16, 2010 Doral Energy Corp. (OTCBB:DRLY) (“Doral” or “the Company”), is pleased to announce to shareholders that Doral Management has completed on schedule its divestiture of its Hanson Energy Oil and Gas Assets for $10,000,000.00. Use of proceeds will include the re-payment of its Senior Secured Debt with Macquarie Bank Limited, the payoff of all trade debt associated with the Hanson Energy Oil and Gas Assets, and the payoff of two notes, that are now mature due to the divestiture of the assets, in the amount of approximately $725,000.00 leaving the Company enough surplus cash to successfully close on the acquisition of certain South Eastern New Mexico Permian Age producing oil assets described in the Company’s press release dated June 15, 2010.
Mr. E.W. Gray II, Chairman and CEO states, “We are pleased to announce that the divestiture of our Hanson Energy Oil and Gas Assets in now complete. The ability to re-structure the company in a way that can potentially provide greater shareholder value, without having to enter bankruptcy, has now been successful achieved. Doral is now poised to execute on our original business model of acquiring under-valued producing oil and gas assets within the Permian Basin in order to achieve the goal of increasing shareholder value. We appreciate the patience of all shareholders during this process and look forward to working relentlessly in our efforts to increasing the market capitalization of Doral Energy.”
About Doral Energy Corporation
Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.’s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company’s future acquisition activity. Shareholders and investors are encouraged to visit Doral Energy’s website at www.DoralEnergy.com for more information.
(OTCBB: ECDC– East Coast Diversified Corp.)
East Coast Diversified Corporation Addresses Recent Drop in Share Price and Possible Short Selling
ATLANTA, GA, Jun 15, 2010 East Coast Diversified Corporation (OTCBB: ECDC) announced today that it is looking into recent trading irregularities and potential market maker violations that may have been responsible for dramatically driving down the price per share of its stock last week. The company is currently exploring the option of retaining legal counsel to look into this matter to determine if any trading violations or improper manipulations of its stock have taken place.
According to the reported short sale trade data provided by FINRA for the week of June 7, 2010, short selling of East Coast Diversified stock took place every single trading day that week, accounting for a significant percentage of the company’s total trading volume. Consequently the price of the stock dropped sharply in spite of positive news and developments from the company.
“I was alarmed when I saw the report from FINRA and became aware of the amount of shorting of the stock that has taken place,” said East Coast Diversified Corporation CEO Kayode Aladesuyi. “Regular market fluctuations are normal and healthy for any stock, but for our price per share to have dropped that drastically in such a short period of time when we have had so much positive news in the last 30 days was quite surprising. Our main focus is on building and maintaining strong company fundamentals. We are in a very strong position right now as our recent developments will attest, and we expect to announce many more significant developments in the near future.”
Earlier this year the company successfully acquired EarthSearch RFID/GPS operation, moved the company out of research and development, and launched the world’s first wireless communication between RFID and GPS. This will address the $104 billion global crisis of goods stolen in transit, as well as add business intelligence to supply chain operations.
The company also has recently implemented a global partner program which has allowed for the rapid expansion of its global footprint over the last 30 days, with clients and partners now in the USA, Canada, Vietnam, Turkey, Brazil, Malaysia, Mexico, and Dubai with numerous partner interests across the globe.
Mr. Aladesuyi concluded, “We are going to do everything we can to make sure this situation is looked into thoroughly and see if any violations or SEC infractions have been committed by anyone attempting to manipulate this stock. Protecting our shareholders’ investments is of utmost importance to me and I will not stand idly by and allow our valued shareholders to be victimized.”
About EarthSearch Communications International
EarthSearch Communications International, Inc., an ECDC Company, is a US-based business whose flagship product, LogiBoxx, integrates GPS and RFID at the hardware level. When combined with its proprietary Global Asset Tracking and Identification System (GATIS) middleware, LogiBoxx and GATIS become the centerpieces of a LogiBoxx Certified Solution. An unprecedented business decision-making tool, a LogiBoxx Certified Solution offers continuous visibility within the Supply Chain, Logistics, and Asset Management and Control industries. Along with its integrated, patent-pending GPS and RFID technologies, EarthSearch also offers a complete line of innovative RFID solutions. Its expertise with GPS and RFID technologies, combined with exceptional support and service facilities, distinguishes EarthSearch as a leading manufacturer and supplier of real-time location solutions in the marketplace. For more information on EarthSearch and LogiBoxx, visit www.earthsearch.us or www.logiboxx.com.
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Forward-Looking Statement: This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s projections and expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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