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    Could XCHC be the next Hot Cannabis Stock?

    Posted on December 19, 2012 by

    TheStockWizards.net  has XCHC on high alert.

    Cannabis stocks such as CBIS, MJNA and MDBX have been on fire lately!


    XCHC has been getting some extra attention lately following recent news that X-Change Corp has acquired both the Cannabis Science (CBIS) ”Phytiva” Brand and the Cannabis Science joint venture with Dupetit Natural Products, GmbH, based in Germany.

    Begin your research here: http://www.phytiva.com/


    XCHC offers a line of personal care products:

        Lip Balm

        Moisturizing Cream


        Anti-Aging Serum

    The first products to be released under the Phytiva Brand will be unique lines of anti-aging skin care and rejuvenation products with innovative and proprietary hemp formulations. These initial products are expected to include lip balms, extracts, supplements and dermal creams, all targeting a wide range of cosmetic and ailment-related usages.

    The personal care market is estimated at $350 billion in 2012, with skin care growing approximately 7% over the next five years. The U.S. cosmeceuticals market is estimated at about $5-6 billion, while in the EU the market is worth between $3 and $5 billion. The Japanese is a market worth of about $ 6-8 billion.

    The company will maintain an aggressive posture to develop on-going and dynamic lines of retail, professional, physician-based, and private-label products for over-the-counter (OTC) sales under the Brand “Phytiva.” The immediate aim is to distribute its Cosmoceutical (cosmetic) and Nutraceutical (nutrition) products for OTC markets throughout Europe and North & South America.

    XCHC will target the global Cosmoceutical market, which is estimated to be over $55 billion dollars on an annual basis.  Further, the company plans to market its anti-aging, rejuvenating products in a global campaign which is currently estimated to be more than $274 billion in the coming year, with $119 billion in fitness, disease, and appearance.

    To accommodate expected growth, some members of the CBIS management team will be joining XCHC. The Company has appointed the following individuals to the Board of Directors:

    Robert Kane - President & Chief Executive Officer

    Alfredo Dupetit - Executive Vice President, European Operations & Director

    R. Wayne Duke - Director

    Follow the CROWD and quickly put XCHC on your radar. XCHC could be a leader in their industry. We have been following this stock for quite a while now. There is no telling how high this stock can go but CBIS has made some nice runs and we think XCHC can do the same based on their new business model and share structure.

    Red Flagging Dangers in the Penny market

    Posted on August 15, 2012 by
    Awesome Penny Stocks:
    What We Know & What We Don’t Know
    Is Awesome Penny Stocks Really Under New Management?
    Only Wilson Davis Knows For Sure!
    August 14, 2012: Well it seems that the determined penny players are waiting with baited breath for Awesome Penny Stocks and its sisters’ new “pick” on Thursday. We place the word “pick” in quotes, because whatever the next stock to be pimped in the newest pyramid scheme is, it certainly isn’t a “pick”. Either APS is well compensated for their impressive ability to throw garbage onto the street (at least in the past), or, as has been the case with GWBUSNPK and NSRS, APS and its associates control all the paper.
    Almost everybody is expecting another long term, successful (mostly for the dumpers) Pump & Dump campaign and while we would be surprised if the “pick”, whatever it is, doesn’t come roaring out of the gate purely out of APS’ reputation, as far as expectations of a repeat performance along the lines of NSRSSNPK and to a lessor extentGWBU, we wouldn’t be too sure.
    As almost everyone is now aware, APS has gone through some changes recently. Following an accusation of spamming, 3rd party emailer, iContact, has dropped the APS newsletters as a client and now Get Response has taken over email dissemination responsibilities. A series of website host server repositions has also taken place, zig zagging the world from Costa Rica to Singapore to Canada and to Berlin. Certainly, there is an attempt to conceal the actual location from which APS is conducting their operations.
    There also purports to be a change of management at APS. Yeah, maybe.
    Certainly, there has been a lot of pressure on APS for the hundreds of millions of dollars that they have defrauded from the public in their promotion of worthless companies. We are not certain that it is not this pressure that has caused this recent game of hide and go seek and perhaps precipitated the need to appear as if a change of management has taken place. The answer as to whether an actual change of management has taken place, will be provided by market maker Wilson Davis & Co, as we will show below.
    We suggest caution before expecting the status quo on the next APS pick. If there actually has been a change of management, then the caution must be increased tenfold, since there is no guarantee that new management will be able to duplicate the successful formula of penny stock piracy that old management was so successful at executing. There are a lot of eyes on the operations of APS right now and whatever the pick, we expect that it will be undergoing a whole lot of scrutiny by the regulators, no matter whom is actually running the show. We wouldn’t be the least bit surprised if trading in the next “pick” is halted by the regulators.  At any rate, a lot of questions are out there, and both what we know and what we don’t know, leads us to question whether the next “pick” can see the success of past APS “picks” or have any long term staying power.  Consider the following conundrums:
    What We Know:
    APS has been under the magnifying glass of the regulators, and the scrutiny has intensified during the GWBU Pump & Dump. We know this for a fact because our (PumpsAndDumps.com) records, including our original Level II images that displayed the phony bids on NSRS (as we discussed in the article, “North Springs Resources (NSRS) Supports Its Pump & Dump With Phony Bids”) and GWBU (illustrated in our article, “An Hour In The Life Of The GWBU Manipulation”), were requested by four different regulators and authorities, during the course of the GWBU scheme. Of course, we happily obliged.
    What We Don’t Know
    We don’t actually know what the authorities did with the information we provided them, at their request, or if their inquiries brought about the sudden end to the GWBU manipulation. Investigators, be they from the SEC, FINRA, FBI, IRS or any other government agency, do not comment on their investigations. They just offer a polite “thank you” and move on. We also do not know if they scared the bejeezus out of APS and that is what participated all of this clandestine activity of late.
    What We Know
    The success of past APS “picks”, especially NSRSSNPK and GWBUwas assured by the fact that APS associates controlled all of the paper prior to the start of the Pump & Dump and that APS had market maker, Wilson Davis & Co. in their back pocket. Without APS’s ability to control the outflow of stock at the outset of the P&D, and without Wilson Davis providing the façade of interest in the stock by showing the phony bids that we illustrated in the aforementioned articles, there is no way that those stocks would have achieved the lofty share prices that we saw.
    What We Don’t Know
    With the sudden interest taken on by the authorities and with Wilson Davis’ participation assumed to be under scrutiny, we don’t know if you will see those larges pretend bids by WDCO that are so important to APS’s success. We certainly wouldn’t recommend jumping into an APS pick without some sign that WDCO is still on board. Certainly, the market maker’s chance for survival would be at higher risk with each P&D they facilitate for APS.
    What We Know
    APS promised that, “If GWBU doesn’t hit $2.00 we will retire, shut down our website and stop our newsletter.” Well GWBU never got past $1.95 and of course, APS is still in business. We know that APS is not above lying, as shown by the constant phony analysts’ phony projections of grandeur for all APS plays. APS’ analysts predicted prices of $15 per share for GWBU. Currently, shares trade at 2.5 cents. Also, when the stock was trading at $1.70, APS issued the statement, “As we mentioned a few days ago we intend to buy 5 million shares ofGWBU under 2 dollars, and we intend to hold it until it breaks past $10.” We promise that those 5 million shares, if they were ever bought at all, were purchased around the current 2 cent prices, because we find it ludicrous to think that that APS would buy $8 million worth of stock, at the same time they were dumping it onto the market. Unless, of course, they were engaging in illegal wash trades, which is always possible. At any rate, there is no way that the APS cohorts ever did anything but decrease their collective positions.
    What We Don’t Know
    While APS has been issuing emails touting a change of management, we are not so sure that one has taken place. The claim of change could be just a ruse to throw off the regulators. Still, perhaps having seen the writing on the wall, “old” management did decide to “get out of Dodge” with their hind quarters intact, but rather than just simply shutting down operations, they found an opportunity to cash out one more time by selling their lists and websites. If there is indeed new management at APS, you can be sure that operations will no longer include the participation of crooked market maker, Wilson Davis & Co., and therefore, it is extremely unlikely that new management will be able to experience the same success on long term plays that old management has.
    The Bottom Line: Even hard core APS fans would be wise to wait out this “pick” until Wilson Davis shows its ugly face. Without WDCO making a phony market, we are likely to witness short term gains followed by relentless dumping. Then each subsequent “pick” is likely to see shorter and shorter periods of viability.  WDCO is the key to showing whether APS is really under new management.
    For you skeptics out there, we’ll remind you that we predicted that GWBU would never reach $2.00, when the stock was trading at $1.75. Maybe you’ll miss out on gains, but isn’t it better to play on the side of caution?  After all, there’s always the next pick.  Maybe.

    PennyStockCrowd.com Favorite Solar Play for 2012

    Posted on by

    Written by www.pennyStockCrowd.com:

    ASTI is our favorite Solar Play for 2012! 

    ASTI continues to outshine its competition and impress PennyStockCrowd more and more every trading session.

    Shares of ASTI gained more than 30 percent following the announcement yesterday of a solar-powered charger for Samsung’s blockbuster Galaxy S III. The charger will be built into a protective case that also contains a battery. The company already offers a combo EnerPlex charger and case for the iPhone 4S.

    ASTI is now up over 183% over the past three months and PennyStockCrowd believes the stock has plenty of room to run.

    Here are the reasons why ASTI is PennyStockCrowd’s favorite Solar Play of 2012:

    1. ASTI is trading at a new 52 high and showing consistent signs of strength and momentum. 

    2. ASTI has more cash then debt and a strong balance sheet. 

    3. The Company plans to change its business model to focus on consumer electronics instead of rooftop solar panels because of its highly competitive environment.

    4. ASTI recently launched EnerPlex Solar Powered charger for Samsung Galaxy S III. EnerPlex for Galaxy S III to follow successful debut of EnerPlex for iPhone.

    We believe ASTI made a wise decision to pursue the solar consumer electronics business and move away from the solar rooftop industry.  The stock is trading at 2.09 up .48 cents today (up over 20%).

    All eyes seem to already be on this solar company! We encourage our members to keep ASTI on your watch list!

    Interesting reading about ASTI from Seeking Alpha can be read here: 3 Reason Why Ascent Solar Is The Best Solar Speculation 

    Recent Headlines:

    Tech Business Review: Ascent Shares ASCEND, IBM Goes To KENYA

    Ascent Solar Launches EnerPlexTM Solar Powered Charger for Samsung Galaxy S III Read the rest of this entry »

    Tools for Penny Stock Research

    Posted on August 4, 2012 by

    Are you looking for online tools for Penny stock trading? While trading in in this kind of stock on the internet, you need to be diligent as well as careful with your research. Owing to this, it becomes imperative to find out some of the best tools for penny stock research which generate effective and accurate results.

    The tools for penny stock research which are available in the market today do away with typical and monotonous research work, producing real-time stock picks for you. With the help of these tools, you can acquire trading details and data of the stocks and carry out trading activity.  In fact, there are a few tools which can also assist you in handling your brokerage accounts. To enjoy this facility, you may be prompted to automate the software for technical analysis. However before this, you need to make certain considerations regarding the choice of tool that would help you in trading of penny stock online.

    How to choose tools for researching Penny stock
    • Decide: Before zeroing in on any particular online trading tool, you have to decide whether you would like to use a compact solution which includes diversified features or specialized applications to perform any particular task.
    • Investigate: No matter which trading tool you find comfortable with, you would have to examine it thoroughly and invest some amount of your money into it.  Since trading laws change quite often and the internet has become a robust medium, you need to use these stock trading tools to drive profits. There are many players in the stock market and if you want to compete with them, using a trading tool is a must.
    • Choose: After you are done with the first two steps, make sure that you choose a tool that comes from a familiar source. It will help you secure a more profitable and reliable deal.

    Which tools for Penny stock research to choose?

    Now after you have walked through all the required steps, you need to decide between the three types of tool that are available in the market. There are tools which offer quick and detailed stock related information, whereas others provide extensive trading facility. And finally, some tools are such that these keep a watch over a particular stock and its related industry. These tools follow patterns to track both positive and negative traits of the stock along with the industry.

    It should be noted that many tools for Penny stock research are offered just for the sake of making money. These tools do not provide accurate details and are sometimes greatly publicized in chat discussions, forums and emails. Hence to be on the safe side while selecting a trading tool used online for your penny stocks, you need to conduct a thorough investigation.

    Article written by www.PennyStockCrowd.com

    Where to Buy Penny Stocks on the Internet

    Posted on by

    The classical process to buy penny stocks on internet asks for certain procedures to be followed. You will find a number of websites and tools which will facilitate buying of these stocks on websites. However, you must keep in mind that not all these tools are equipped enough to assist you. In fact, some of them are malicious and will only misguide so as to rob off a sizeable amount of money from your account. Hence, in order to save yourself from falling prey to these traps, you must know where to purchase penny stock via websites.

    The first thing that you need to remember is that the majority of exchanges do not transact in terms of pennies. This indicates that the trading has to be done via OTC or via a network of brokers.  When you buy this kind of stocks on the internet, you will come across a network of  brokers who work online and offer you the penny stocks that you would like to invest in.

    Now during online buying you will come across pennies that are extremely unregulated and exceedingly risky to invest upon. However, it is this risk that makes these investments attractive for the more will be the risk element, the more will be the possibility of gaining profit.

    However, you must remember that you need to do a thorough research before you opt for any trading. You will find several people advising you about a lot of things but be aware that a number of them do so to get rid of worthless stocks they possess and want to sell the same to you to wash their hands off. Be sure not to fall prey to these people.

    That is why a proper research is extremely important and you should purchase these stocks from genuine sources which are legitimate with terms and conditions that will suit you. A thorough research and your willingness to accept the risk that is associated with trading penny stocks over the net will help you make profit out of the market.

    Trading is always associated with risk and no one can assure you of eliminating the risk factor. At the end of the day you can emerge as a winner or a loser. However, irrespective of the result, you should be prepared and vigilant enough while trading so that even if you lose you have the potential to come out of the crisis at the earliest.

    The result might not be in your hand, but a good home work as well as application of common sense is all what is expected from you while penny stock trading online.



    NWSA - ABC’s Lee Says Modern Family Expected To Return On Time

    Posted on July 27, 2012 by

    “Modern Family,” the ABC comedy whose cast filed a lawsuit this week seeking to void their contracts, is expected to return to the air on schedule, according to network entertainment President Paul Lee.

    The Walt Disney Co.-owned TV network is negotiating with the cast, Lee said today at a television critics conference in Beverly HillsCalifornia. The actors showed up this week for work after an earlier session was canceled, he said.

    “We’re hopeful we will be able to resolve this soon,” Lee said, without offering specifics on the talks.

    The lawsuit threatens the coming fourth season of “Modern Family,” the most-watched comedy among the 18-to-49-year-old viewers sought by advertisers. The show is produced by News Corp. (NWSA)’s Twentieth Century Fox Television and airs on ABC.

    Sofia Vergara, Julie Bowen, Ty Burrell and other cast members asked a California judge to void contracts that cap their pay and bar outside work, according to a complaint filed July 24 in Los Angeles.

    The actors say the contracts violate state labor law prohibiting some agreements for services lasting more than seven years, according to the filing. Read the rest of this entry »

    Ludlow Issues $0.04+ Target on ELRA Based on Macau Gaming Merger

    Posted on June 18, 2012 by

    Ludlow Issues $0.04+ Target on ELRA Based on Macau Gaming Merger Last Updated: June 15, 2012 - 7:15am EST

    (NEW YORK)-Ludlow Capital, an equity research firm based out of New York City, issued research upgrades on Elray Gaming, Inc, which is traded under the name Elray Resources, Inc (OTC:ELRA), based on the acquisition of Macau gaming company, Golden Match, with a near-term target of $0.04 to $0.05, and longer-term target of $0.10 per share.

    Elray Gaming announced a definative agreement to complete the acquisition of Macau gaming company, Golden Match. The company’s principal business activity is a profit sharing agreement with a VIP Room Gaming Promoter, the terms of which they receive 80% of the profit stream from the Promoters, which currently participates in the promotion of many major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world.

    The company has negotiated a profit sharing agreement with Cali Promocao de Jogos Sociedade Unipessoal Lda. (CALI), a company duly incorporated under the laws of the Special Administrative Region of Macau, and promotes Casinos in Macau SAR pursuant to a license issued by the Gaming Inspection and Coordination of Bureau of the Government of Macau SAR.

    Over the past 5 months, CALI generated approximately $17 million (US) in profit, after tax. ELRA Merger Valuation

    Taking that $17 million profit into consideration, a rough fiscal year net profit for CALI would be in the range around $37 million, after taxes. If given a 80% profit sharing bases, that would give Golden Match, and thus ELRA, a yearly net profit of around $29.6 million, before operating expenses.

    ELRA currently has around 700 million shares issued and outstanding, but for the sake of closing the merger, and estimating for dilution to close the deal, even at high-range of 3 billion shares issued and outstanding, that would still give ELRA an EPS estimate of around $0.01 EPS. Read the rest of this entry »

    Stock Trading Is Still Falling After ’08 Crisis

    Posted on June 5, 2012 by
    Stock Trading FallingBy NATHANIEL POPPER
    Even though American stocks have doubled in price in the last three years, investors and traders large and small keep giving the market the cold shoulder.

    Trading in the United States stock market has not only failed to recover since the 2008 financial crisis, it has continued to fall. In April, the average daily trades in American stocks on all exchanges stood at nearly half of its peak in 2008: 6.5 billion compared with 12.1 billion, according to Credit Suisse Trading Strategy.

    The decline stands in marked contrast to past economic recoveries, when Americans regained their taste for stock trading within two years of economic shocks in 1987 and 2001.

    This time around, the stock market has many more players, including high-speed trading firms, which have recently come to account for over half of all stock market activity. But even they, like all other major groups, have recently been doing less overall trading.

    “When you keep in mind recent history, this is kind of uncharted territory,” said Justin Schack, an analyst at Rosenblatt Securities.

    Many market experts say the biggest reason for the shrinking volume is that traders and investors remain leery that the economy will suddenly turn on them in the wake of the financial crisis, the wild swings in stock prices and the European debt troubles.

    Investors and financial industry professionals are struggling to understand what the decline could mean, particularly if it continues. Less rapid trading by short-term speculators could be a good thing for buy-and-hold investors tired of being burned by the market. But the decline could also signal a broader turn away from the domestic stock market by investors who want to hold less of their nest eggs in stocks and by companies that opt for raising capital in bond markets instead of issuing shares.

    “My expectation was that we would see people go back to the stock market,” said Charles Rotblut, a vice president of the American Association of Individual Investors. “It remains to be seen whether there will be a core group of people that is just turned off of the stock markets altogether.”

    The New York-based system of stock trading has been showing the strain of the slowdown. The New York Stock Exchange said last week that trading in the first quarter fell 23 percent from a year earlier. A few days earlier, Nasdaq announced that its first-quarter revenues from stock trading in the United States were down 7 percent from a year ago. Both exchange companies have aggressively moved to capture other businesses that do not rely on stock trading, but they have also embarked on cost-cutting programs.

    “We can’t be certain as to when or whether the volume is going to recover,” said Lee Shavel, chief financial officer at the Nasdaq OMX Group.

    The recent slowdown has occurred not only on the nation’s 13 official exchanges and trading platforms. Dozens of off-exchange operations have captured a larger proportion of all stock trades in recent years, but even their overall trading numbers have been trending down.

    The decline in trading has not sent the prices of stocks down. Though there is less buying and selling, the people who have remained in the market are willing to pay higher prices, driving the value of the benchmark Standard & Poor’s 500-stock index up 102 percent since the market hit a bottom in the spring of 2009.

    But the recent falloff in trading is striking because data from the New York Stock Exchange shows that volumes have not declined for three consecutive years in records going back to 1960. For an explanation of the lower trading volumes, many market-watchers have looked to the high-speed traders, who use computers algorithms to take advantage of small price discrepancies and who have accounted for an increasing share of all trading in recent years.

    These firms have been curtailed slightly by recent regulations aimed at making the markets less volatile. But more fundamentally, industry participants say high-speed traders rely on transacting with slower, traditional traders like retail investors and mutual funds. When those groups pull back, the high-speed firms have little choice but to scale back as well.

    “On a typical trade, two high-frequency trading firms will not trade against each other,” said Manoj Narang. His New Jersey high-speed trading firm, Tradeworx, is still growing, he said, but for most established firms, if ordinary investors “don’t want to trade, there’s really simply nothing for us to do.”

    Among retail investors, the most reliable source of trading volume has been the day traders who were given access to cheaper trading by discount brokers like E*Trade and TD Ameritrade.

    Steve Quirk, a senior vice president at TD Ameritrade, said these investors were still scarred by the financial crisis in 2008-9, which followed the bursting of the Internet bubble in 2001. More recently, share prices have steadily risen but with jarring short-term reversals.

    Stock trading now accounts for 16 percent fewer customer trades at TD Ameritrade than it did in 2009. “We’ve had instances where it looked like things were clearing up,” said Mr. Quirk. The company’s clients in some recent months tiptoed back into stocks, he said, “but then they rather surprisingly just quit.” Among the broader population, the most common investment in stocks has been through mutual funds. The most conspicuous sign that these investors have grown disenchanted with American stocks has been the flow of money out of domestic stock mutual funds, which were drained of more than $400 billion since the start of 2008, compared with an inflow of $52 billion in the four years before that, according to the Investment Company Institute. The outflow has continued into 2012.

    The shift is partly attributable to the growing number of seniors moving from stocks to bonds, which is typical in retirement. But surveys by the institute have shown that investors young and old have grown less willing to invest in domestic stocks, even with interest rates on bonds at record lows in recent years.

    Some of this money has flowed into increasingly popular exchange-traded funds, which are baskets of assets that trade like stocks. But even more has flowed into bonds. Some financial advisers worry that Americans preparing for retirement are giving up the investment gains that are possible in stocks and ignoring the possible future risks in bonds.

    “We worry that our investors are trading one form of risk for another,” said Francis M. Kinniry Jr., a senior investment strategist at Vanguard.

    The departure of long-term investors does not always lead to lower trading volumes. When people are pulling money out it can lead to spikes in trading, as it did in August when theEuropean debt crisis heated up. But when long-term players exit the market it can lead to a reduction in trading over time, which has many market participants watching the behavior of ordinary Americans like Fred Lines, a retired electrical contractor who lives on Long Island.

    Mr. Lines, who is 75, said he used to trade stocks regularly, and had most of his money in stocks even after retiring and many of his peers pulled back. He started to retreat after the demise of the investment bank Bear Stearns in 2008 and has continued to retreat, most recently in December when he shifted funds from preferred stocks in blue-chip companies to corporate bonds. The recent positive returns have not dispelled his fears that the market will suddenly turn on him.

    “If it goes up, I know it’s going to go down again,” Mr. Lines said. “I used to just buy the stock and hold it — after a few years it was always up. Now you can’t trust that.”

    Elray Gaming announces that it has concluded a definitive agreement to Acquire Golden Match, a Macau Gaming Company

    Posted on May 4, 2012 by

    NEW YORK, May 4, 2012 — Elray Resources Inc. (ticker ELRA.OB) announced today that it has entered into an agreement to acquire all of the outstanding shares of Golden Match, a company incorporated in the British Virgin Islands, following a letter of intent which was signed on March 22, 2012.
    Golden Match is an investment holding company. Its principal business activity is to hold a profit share agreement with a VIP Room Gaming Promoter, under which it receives 80% of the profit stream from the Promoters. The Promoter currently participates in the promotion of many, major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world.

    VIP gaming operations in Macau consist of VIP rooms that cater exclusively to high-limit Baccarat table games. Baccarat is the largest source of gaming revenue in Macau, Gaming Promoters in Macau have historically maintained the majority of VIP customer relationships. The Promoters secure VIP rooms through agreements in which they receive either a commission on turnover or a percentage of the casino net gaming win or loss on a pre-gaming tax basis.

    About Golden Match:

    Golden Match is a company that has negotiated a profit sharing agreement with CALI Promocao de Jogos Sociedade Unipessoal Lda. (CALI), a company duly incorporated under the laws of the Special Administrative Region of Macau.
    CALI promotes Casinos in Macau SAR, pursuant to a license issued by the Gaming Inspection and Coordination of Bureau of the Government of Macau (DICJ).

    With immediate effect Mr. Lao Sio I. is appointed Chairman of the Board of Directors with Brian Goodman remaining as Chief Executive.

    Upon signing the agreement, Mr. Lao Sio I. commented “I am excited to be part of this new venture which will enable us to take advantage of exciting growth opportunities specifically in Asia and the benefits provided by Elray will enable me to exponentially grow the gaming business. Macau has become the Gambling Capital of the World and continues to grow at a rapid rate, new casinos are opening, existing ones are expanding with more and more people visiting Macau, we will now be able to pursue these opportunities.”

    Brian Goodman, current CEO stated that “Elray will now be well positioned to develop and grow as a gaming entity internationally. The Macau opportunity together with the US listing will enable the company to raise growth capital, acquire other gaming promoters in Macau as well as in other jurisdictions and create a profitable company, creating enormous institutional worth whilst aggressively increasing the brand value on a global scale returning excellent returns for shareholders, overall an excellent result for Elray shareholders.” Read the rest of this entry »

    Elray Gaming (ELRA)

    Posted on December 27, 2011 by

    ELRA ChartElray Resources OTCQB: ELRA

    Current Price: .0139

    Elray gaming was formed in 2011 when a group of well established and successful Online Casino marketing specialists identified an opportunity: the market need for legally compliant, professional and qualified consultants to effectively manage, market and operate Online Casinos, Financial Products, Bingo Rooms, Social and Fantasy Games.

    Research ELRA

    ELRA gaming operations are based in Sydney, Australia. The company is managed by its online gaming founder, Brian Goodman, and gaming operations are carried out by a multi-lingual team of gaming professionals.

    ELRA has offices in the USA, London, South Africa and Mauritius and has support facilities in Israel, Curacao and the Philippines.

    ELRA is a developer of turnkey gaming products, and is currently developing a host of social networking and mobile applications for the investor community.

    ELRA is in the process of launching a Joint Venture product with one of the world’s largest global financial service providers and will provide a financial trading platform offering real money financial service trading facilities (non USA) as well as a Fantasy Trading / Social Networking products in Stock, Options and currency markets.

    ELRA will offer both web and mobile-based FOREX trading platforms to take advantage of the increased interest in currency trading from around the world. The Company will look to develop these platforms to comply with both local and international regulations.

    ELRA will launch a suite of products aimed at capitalizing on the rapidly growing Social Network and Fantasy Markets. All products will be accessible via the web as well as smart phones, and will allow a network of active investor community. These products will provide Elray Gaming an additional growth component in its online gaming portfolio, and develop an active network of customers interested in the financial markets.

    ELRA currently manages a comprehensive range of online gambling products including branded Online Casino’s and a Bingo room. Internet casinos and Bingo rooms are online versions of the traditional land-based casinos. Online casinos allow gamblers to play and wager on traditional casino games as well as play Bingo via the Internet.

    According to Global Betting and Gaming Consultants (“GBGC”), the global gaming market, excluding the U.S., is expected to grow to approximately $13.9 billion per year by 2012.

    Internet gambling revenues for offshore companies was estimated to be $5.9 billion in 2008 from players in the United States and $21.0 billion from players worldwide, according to H2 Gambling Capital.

    The Unlawful Internet Gambling Enforcement Act of 2006 (“UIGEA”) became U.S. law in late 2006 and effectively curtailed legal participation by U.S. players in online gambling.

    As a result of the passing of the UIGEA, many online gaming companies had to shift their business models to prevent U.S. player participation. Complying with online gambling law requires sophisticated Internet and financial compliance techniques and many companies were unwilling or unable to comply.

    A number of companies have been unable to overcome the technical and financial challenges caused by the passing of the UIGEA with the result that they have been unable to replace lost revenues to the extent necessary to be viable operators.

    As a result, opportunities exist for acquisitions and joint ventures by the compaies such as ELRAY GAMING that are scalable and set to comply with U.S. online gaming laws.

    For smaller operators, the passing of the UIGEA effectively curtailed many operations as they were unable to make the transition to an off-shore dominated clientele. Elray Gaming believes that this has created opportunities for growth by acquisition and joint ventures.

    The activity of these sites could easily be absorbed into the operations of ELRAY GAMING without a significant proportional increase in costs. Additionally opportunities exist in acquiring operators currently using ELRA for management of their gaming operations.

    ELRA Managed Brands


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