THE STOCK WIZARDS STOCK WATCH LISTS INCLUDES: (OTCBB: HELI) Heli Electronics Corp. (OTC: MJNA) Medical Marijuana, Inc. (OTC: KHGT) Kalahari Greentech, Inc. (OTC: QASP) Quasar Aerospace Industries, Inc.
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(OTCBB: HELI — Heli Electronics Corp.
Heli Electronics Corp. Releases Second Quarter 2010 Financial Results
GUANGZHOU, China, Aug 17, 2010 — Heli Electronics Corp. (OTCBB:HELI) today has released its second quarter 2010 financial results. Heli Electronics is a marketing, distribution, and after-sales service company of Audio-Visual (AV) products in Mainland China, and is the primary marketing and distribution agency of Haier electronics in China. The company reported revenue of $24,852,753 for the three months ended June 30, 2010. This is a 226.3% or $17,235,567 increase over its Q2 2009 revenue of $7,617,186. For the six months ended June 30, 2010, Heli reported revenue of $43,693,579, an increase of $29,670,279, or 211.6% over the prior year’s first six months.
Heli’s net income also saw a significant increase in the most recent quarter. In the three months ended June 30, 2010, Heli’s net income was $1,983,512, a 225.7% increase, or $1,374,484 over its second quarter 2009 net income of $609,028. For the six months ended June 30, 2010, Heli reported net income of $3,509,287, an increase of 232.3%, or $2,453,189 over six months ended June 30, 2009, with results of $1,056,098. Additionally, Heli’s operating income saw an increase of 226.1% to $2,648,384. For the six months ended June 30, 2010, Heli reported earnings per dilu ted share at $0.02. For the second quarter alone, Heli reported earnings of $0.01 per diluted share.
Mr. Xin Qiu, President and CEO of Heli Electronics Corp., recently stated “It is clear from Heli’s second quarter 2010 financial results how far the company has come in such a short period of time. In just two years, our company has grown to become one of the premier marketing and distribution agencies in China, as well as the primary sales, marketing, and logistics agency of China’s top brand name in electronics and certainly AV products, Haier Electronics. The confidence that Haier has in Heli Electronics, as well as our shareholder’s confidence, will help us continue to grow our business for the remainder of the year and beyond.”
Other Financial Information
Heli’s assets have increased from the end of 2009, with total assets of $17,280,343 as at June 30, 2010, an increase of 253.4% over the last six months. As of the end of the second quarter, the company’s total liabilities are $11,469,572; $8,372,331 of which is accounts payable. Total liabilities increased 348.3% since December 31, 2009. Total shareholders’ equity is $5,810,771, an increase of 152.6% since the end of 2009.
A full copy of the company’s quarterly financial filing can be found here: http://www.sec.gov/Archives/edgar/data/1431676/000106299310002612/0001062993-10-002612-index.htm
Heli’s financial position improved greatly over the past year due to its increased business in the AV industry in Mainland China. Additionally, it has initialized and maintained relationships with China’s top two consumer electronics chains GOME and Suning. The company continues to leverage its position in the industry to gain new partnerships and venture into other areas of electronics. It has significantly increased its business with Haier Electronics’ AV Division since its inception, and upper management anticipates this business to grow significantly, well into 2011. Management also believes the company’s strengths will help it expand market share within the electronics industry and eventually capitalize on opportunities in new markets, which they expect will in turn result in greater financial success for the company and its shareholders.
About Heli Electronics Corp.
Heli Electronics Corp. (www.helielectronics.com) is traded under the symbol HELI on the OTCBB exchange and is based in Guangzhou, China. It is the primary marketing, promotion, logistics, and after-sales service agency of audio and visual (AV) products for Haier Group, a world leader in electronics and electrical appliances. Its products include speakers, multimedia stereo systems, and home theatres, among other types of AV products. The company seeks to establish a broad network in China to provide comprehensive after-sales service, brand establishment, brand promotion, distribution, and logistics management of a wide array of electronics and electrical appliances. Backed by Haier’s strong brand presence and an abundance of sales channels throughout Mainland China, HELI has grown immensely since its inception in March 2008.
HELI Traders and Investors are watching the .10 area as a major resistance level in the few weeks. HELI is currently up 19.12% on heavy volume of 39.9 million shares in the morning session.
(OTC: MJNA— Medical Marijuana, Inc.)
Medical Marijuana Inc Agent Base Continues to Expand With 12 Days Until Launch of “The Hemp Network,” the World’s First Hemp Product Related Network Marketing Company
FOOTHILL RANCH, CA, Aug 16, 2010 — Medical Marijuana Inc (PINKSHEETS: MJNA) is pleased to announce progress as they move toward the launch date of August 28. President Don Steinberg, states, “With the help of many very talented people, we have put together a world class team of web designers, branding experts, and network marketers with a reputation for putting tens of thousands of new agents into a network. Many people looking for an opportunity to participate in this new business are signing up at a faster rate than ever as we approach the open. My background is in developing mass marketing teams on a global basis. I have done it before and I believe The Hemp Network has the makings to be another large global network marketing company.”
Bruce Perlowin, CEO, stated, “The opportunity to be involved in the first hemp network marketing company in history in which an existing culture of numerous movements already exist who are passionate about hemp is irresistible. Hemp enthusiast include the medical marijuana movement, the marijuana legalization movement, the hemp movement itself, the health, wellness and anti-aging movement, the environmental movement and the green movement. These existing cultural creative movements all herald the wonders of hemp in their various areas and are all natural and highly motivated individuals ripe to participate in The Hemp Network.”
ABOUT MEDICAL MARIJUANA INC
Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion, thus opening the door for safe and lucrative investment opportunities.
ABOUT THE HEMP NETWORK
The Hemp Network was established to provide hemp and wellness related products to a wide marketplace with the use of network marketing to create massive distribution.
President Don Steinberg and CEO Bruce Perlowin have in the past created one of the world’s largest network marketing companies in the telecommunications industry. They bring that experience plus Dianna Kaplan heading up the products division with a team of advisors and associates that include immunologists, formulators, Doctors, PhDs, marketing teams, software engineers and more.
Hemp seeds have all nine of the essential amino acids making it among the most complete whole foods available.
“Why use up the forests which were centuries in the making and the mines which required ages to lay down, if we can get the equivalent of forest and mineral products in the annual growth of the hemp fields?” – Henry Ford
“Hemp is of first necessity to the wealth & protection of the country.” – Thomas Jefferson, U.S. President
To learn more about The Hemp Network and to participate in daily conference calls which discuss the pay plan, products, upcoming events and exchange of ideas, call 218-339-3600 begin_of_the_skype_highlighting 218-339-3600 end_of_the_skype_highlighting PIN: 321677, or listen to the recorded calls 24/7 at: 951-262-3496 begin_of_the_skype_highlighting 951-262-3496 end_of_the_skype_highlighting.
MEDICAL MARIJUANA INDUSTRY SOLUTIONS
Medical Marijuana Inc has developed a suite of solutions to deliver an efficient and secure infrastructure for the Medical Marijuana Industry which provides the tools to industry operators to effectively manage their business with the confidence that they are in full compliance.
(OTC: KHGT — Kalahari Greentech, Inc. )
Current News !!
Kalahari Greentech, Inc. Projects Eighteen Million in First Year Sales for the Solar-Thermal Tri-Brid Generator
BALTIMORE, Aug 16, 2010 — Kalahari Greentech, Inc. (Pink Sheets:KHGT) released a statement today detailing costs and revenues for its patented Solar Thermal “Tri-Brid” generator.
Based on the outlook for 2011 wind power growth forecasts, the wind generator could be useful for as many as 2 million homes (http://www.wwindea.org/ ).
With government incentives of up to $3 per Watt, analysts expect over 2,000MW in new solar capacity will be installed as early as 2011, up from just over 100MW in 2008 (Source: http://www.reuters.com, http://www.solarbuzz.com/).
At a selling price of $6,000 per “Tri-Brid” system unit, the current market potential for 2 million homes is $12 Billion. Assuming manufacturing begins in early 2012 Kalahari should be able to place approximately 3,000 units in the field by December 2012. As a result the expected sales for fiscal 2012 are $18,000,000 (eighteen million dollars). The unit cost for a medium scale production run will be $1,200, producing approximately $14,400,000 of gross revenue.
Designed to be an ideal solution for rural homes and farms, where power infrastructure is limited or impractical to install, The “Tri-Brid” is designed around the goal of providing continuous, usable power without necessary grid power during non-peak times.
This target has driven up the cost of traditional photo-voltaic materials commonly used for solar power generation. By utilizing government incentives and generating power at the site where it is consumed “Tri-Brid” will be independent of the national grid. The Tri-Brid does not use photovoltaic panels. Each self-contained unit is estimated to generate 2.5kW 24 hours per day during most of the year, with peak daytime output being much higher. The incentive translates to $7,500 for first time users.
The Tri-Brid system, when coupled with a water tank, will also be able to generate hot water more efficiently than any photovoltaic/electric systems that are currently on the market. The water can also be used to store excess energy during the day, and can be used for peak power anytime, without the need for a large electrical battery system. Since it utilizes all wavelengths of light, it will still produce power on cloudy days.
The trend toward renewable sources of energy is growing. “Renewables accounted for 60 per cent of newly installed capacity in Europe and more than 50 per cent in the USA in 2009″ (Source: http://www.globe-net.com).
Internationally, China is expected to raise its 2020 solar power generation target to at least 10,000 MW. The Tri-Brid generator has a potential market of over 2.5 billion users including India and China.
More information can be found on the company’s website, www.kalaharigt.com.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company’s main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
(OTC: QASP — Quasar Aerospace Industries, Inc. )
Current News !!
Quasar International Holdings, Inc. (Formerly Quasar Aerospace Industries, Inc.) Announces New Management Team
JACKSONVILLE, FL, Aug 17, 2010 — Quasar International Holdings, Inc. (PINKSHEETS: QASP)
Dean Bradley steps down as CEO/President of Quasar International Holdings, Inc. and announces the appointment of a new management team.
Dean Bradley said, “I am delighted to announce the appointment of a new management team, with immediate effect. My original vision — to create a group of companies with complementary, ground breaking technology and products — is in place. I brought the company to a point where we have agreed on exciting acquisitions and now need to secure the inward investments to carry this through. Several funding deals are in the final process of negotiation and the new appointments will provide a dynamic and talented team with the experience to move through to completion.” He added, “I will serve as Chairman but the running of the company will now be in the hands of this exciting and determined team. The Mineseeker Operations acquisition will be the first to complete, giving us our first high profile international business interest. We have agreed to a short extension with Mineseeker Operations management to facilitate the new team’s completion of funding and closing the MINESEEKER acquisition as its first priority.”
The executive consulting management team will now be in the hands of Jeffrey Landreth, Chief Executive Officer, Gene Johnson, Chief Financial Officer and Lisa Betros, Chief Operating Officer. Each of these officers have agreed to join the board with their new responsibilities to assist the company in connection with the completion of fund raising, the finalization and closing of the Company’s various investments and acquisitions, and with the organization and administration of the holding company and its subsidiaries.
With these appointments, Quasar is expressing its commitment to finalize its funding packages and closing on its remaining acquisitions. Dean Bradley will work diligently with the new Senior Management Team to pursue the company’s goals and objectives. In announcing these appointments, Mr. Bradley says, “We are very proud and excited to be able to attract the talent and interest of people such as Jeff Landreth and Gene Johnson and to secure a much more expanded commitment from Lisa Betros who has served as Sr. VP for the past two years. They will provide solid, proven management, administrative and leadership skills for the company as we continue to move forward with the implementation of our vision.”
Jeffrey Landreth commented, “This is an exciting venture and I firmly believe that Dean Bradley’s vision in lining up world class acquisitions will create a unique and high profile technology group.” CFO Gene Johnson added, “After funding is completed, Quasar will be in a position to deliver real and sustainable shareholder value.” Moving up to COO Lisa Betros said, “Having worked at Quasar for two years I have great confidence that the new group, together with its acquisitions will fulfill the potential in which we all believe.”
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