Western Sierra Mining Corp., a development stage company, engages in the acquisition, development, and mining of mineral properties. Its subsidiary, Western Sierra Inc., engages in the gold and other precious mineral mining on a gold bearing placer deposit located in the Sierra Occidental Mountains in the state of Sonora, Mexico. In addition, it has a joint venture with Minera La Escuadra, S.A. (Escuadra) to process and market the minerals in approximately 35,000 tons of ore that was extracted by Escuadra from a mining property called El Picacho. It also has an option to purchase the mining rights to a mineral concession called Pirita, Mexico. The corporation operates in Mexico. The corporation has its principal executive offices in Lake Havasu City, Arizona.
WSRA News:
July 10 - Western Sierra Mining Announces Acquisition of Mining Properties in Arizona
Western Sierra Mining Corp. (OTC: WSRA) officially announced to shareholders that the Company has successfully executed a definitive material agreement with GoldRiver Exploration, Inc, whereby Western Sierra has acquired exclusive mining rights to eight ore bearing properties in the Bradshaw Mountain region of Central Arizona.
The recently finalized acquisition includes noted properties with extensive mining histories and precious metal ore bodies that are geologically well documented, including The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and The Treasure Gulch Mine. Based on historic geologic assessments, collective proven gold reserves for the properties are estimated at 100,000 ounces (Au) with probable reserves of 400,000 ounces (Au), in additional to proven and probable reserves of silver totaling approximately 1,000,000 (Ag).
Together with the completion of this acquisition and the recent engagement of PCAOB member accounting firm of Moore & Associates, Western Sierra management is working to value the mine group acquisition for accounting and reporting purposes in accordance with Generally Accepted Account Principals (GAAP) and industry norms. It is anticipated that this valuation information will be completed and released to shareholders within the next week.
Michael Chaffee, CEO & President of Western Sierra Mining, commented, “We are thrilled to have formalized this transaction that will, when valuation calculations are completed, undoubtedly provide significant per share value to WSRA shareholders, significantly improve the Company’s balance sheet and provide management with meaningful short-term production possibilities to propel the company into revenue generating status.” He continued, “With the initial stake hold firmly in place, management will begin planning for preliminary exploration in the 3rd quarter while continuing to evaluate other properties that will expand total proven and probable reserves.”
Beacon specializes in acquiring undervalued deteriorating properties that offer the potential for above average return on investment, the properties must offer recyclable/salvageable materials along with the potential for redevelopment; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition. Visit www.beaconredevelopment.com for all the latest information and updates.
BCND News:
July 10 - Beacon Redevelopment Industrial Corporation Announces First Acquisition and Forms Subsidiary
Beacon Redevelopment Industrial Corporation (OTC: BCND) announced its first acquisition, while forming a wholly owned subsidiary Beacon Pennsylvania Holdings, Inc.
Beacon Pennsylvania Holdings, Inc. a wholly owned subsidiary of Beacon Redevelopment Industrial Corporation has been formed to manage the company's Pennsylvania Investments and Properties.
"Beacon PA" has agreed to acquire the former Westmoreland Glass Company Factory in Grapeville, PA.
Beacon estimates that there is between 9 and 10 million recyclable Chicago bricks that have a wholesale value of 0.50 to 0.75 cents a piece, in addition Beacon also estimates that there is at least 40,000 tons of recyclable steel with a value (at today's scrap steel prices of $250.00 to $300.00 per ton).
The company will also move to redevelop the property as an industrial park with rail access, for small to mid-sized company's.
"We are very pleased to have been able to acquire this historic property, the potential return on our investment exceeds all of our prior estimates, including salvageable materials to redevelopment and other revenue producing aspects of the property," said Adam Marek, president & COO.
Mr. Marek also stated, "This is but one of many such projects that the company has under negotiations/contract and we are looking forward to a very bright and prosperous future."
ABOUT THE PROPERTY
A group of investors built the factory in 1889, and the first glass from the factory was sold in 1890. Historical documents indicate that the factory was purchased because of the natural gas on the land. To this day, natural gas wells exist on the property. It also has rail access that can be utilized once a new complex is built.
Beacon PA recognizes the historical impact of the former Westmoreland Glass Company factory and is investigating the feasibility of creating a commemorative brick to collectors with a notarized certificate of authenticity. The Westmoreland Glass Company factory is a famous facility and its glass is the subject of two separate collector organizations. The Westmoreland Glass Society ( www.westmorelandglassclubs.org ) and the National Westmoreland Glass Collectors Club ( www.westmorelandglassclub.org ) members monitor and collect Westmoreland Glass. Therefore, we believe that we should offer such a program to collectors.
Xsunx, Inc., a thin-film photovoltaic (TFPV) company, focuses on developing thin film photovoltaic (TFPV) amorphous silicon solar cell manufacturing processes to produce TFPV solar modules. Its product includes XsunX ASI-120 module, which is a 125 peak watt TFPV solar module utilizing glass substrates and a proprietary semiconductor manufacturing system. XsunX ASI-120 provides for a module delivering high power output, and size and framing that would allow for the use of various existing mounting systems. The target markets for the TFPV solar module include solar farms, government agencies, and utility companies, as well as power purchase agreements and large commercial installations worldwide. The company, formerly known as Sun River Mining, Inc., was incorporated in 1997 and changed its name to XsunX, Inc. in 2003. XsunX is headquartered in Aliso Viejo, California.
XSNX News:
July 8 - XsunX, Inc. Announces Upcoming Shareholder Conference Call
XsunX Inc. (OTCBB: XSNX), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced the scheduling of an open line Q&A conference call on Thursday, July 10, 2008 from 1-2 p.m. Pacific (4-5 p.m. Eastern) for the investment community to call in and discuss with XsunX executive management the topics of the shareholder letter released June 24, 2008 — including the company's efforts to establish its TFPV manufacturing presence.
Market Data:
Symbol / Exchange Coverage Initiated Current Price Rating Price Target Outstanding Shares Market Cap. Average 3M Volume
OTC BB: XSNX Dec 15th, 2007 $0.30 Speculative Buy $1.50 157 million $48 million N/a
XsunX, Inc. (OTC BB: XSNX) was created in 2003 to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. Over the past year, the Company has shifted its focus from licensing its technologies to using its technologies to design a cutting-edge manufacturing system for producing and marketing thin-film amorphous solar modules.
The Company has begun work on a multi-megawatt solar module production facility in the US. XSNX has commissioned a baseline production system expected to come on-line in early 2008, which will serve as the blueprint for a 25 megawatt (MW) production system expected to become operational by year-end 2008. The Company anticipates expanding its annualized solar module manufacturing capacity to 100 MW by early 2010. XSNX has secured a $21 million financing commitment from Fusion Capital Fund II, LLC and is already contracting with vendors to begin building the parts and sub-systems for a solar module production system. XSNX will initially produce solar cells and modules incorporating thin-film amorphous silicon on glass substrates. In the future, the Company may expand its product offerings to include nano-crystalline and proprietary multi-junction solar designs which will improve performance and further reduce per watt production costs. The Company is traded over the counter as XSNX.
XSNX plans to market its solar cells and modules to large-scale solar energy device installers and operators, including solar farms, government agencies, power purchase associations, utility companies and large commercial installations. In anticipation of commercial production, the Company has begun loading its sales channels and building its brand, to date, XSNX has established pre-sales agreements with solar integrators reserving more than 100 MW of its future solar module production capacity.
Exploding worldwide energy demand, depleted fossil fuel resource and soaring oil and gas prices are fueling demand for clean alternative energy sources such as wind and solar energy. The solar energy technology sector currently generates $10 billion in annualized revenues and has been growing 35-40% annually as a result of significant investments in new production facilities and technologies in Europe, the US, China and Japan. Financial incentives from governments around the world are encouraging the deployment of clean, renewable energy technologies. Some experts believe the PV market will reach $25 billion by 2011.
Although the solar photovoltaic (PV) industry potentially addresses a trillion dollar worldwide market, solar energy system deployment has been limited by the fact that, until recently, solar energy has not been economically viable in the absence of government tax and other incentives. Adoption and deployment rates are expected to increase over the next five to seven years as per watt costs of PV technology are reduced to a level competitive with conventional electricity sources.
Government incentives encourage solar deployment
Germany has established relatively aggressive incentive programs for solar energy and other European nations have followed suit. In the US, the California Solar Initiative provides for $2.9 billion in incentives over ten years. In Oregon, where XSNX is locating its production facility, the Oregon State Senate has passed legislation requiring large utilities to generate 25% of their energy from renewable sources by 2025. The area in Oregon where XSNX's plant will be located has been classified as an enterprise zone, qualifying the Company for additional savings through the reduction of property and other operating taxes.
Increasing market share for thin film technologies
Thin film technologies, such as the amorphous technology deployed by XSNX, offer the lowest cost per watt at the module level. As a result, thin film's share of the overall solar photovoltaic market is expected to increase from around 5% currently to as much as 20% in five years and deployment of thin film technologies will grow much faster than the overall PV market.
Competitive advantages of XSNX’s cutting-edge technology
XSNX has an advantage over other solar cell manufacturers because of its cutting-edge technology, which enables the conversion of an inexpensive sheet of 100cm X 160cm glass into a complete solar module in less than three hours. The Company's thin film PV technology uses only a fraction of the semiconductor material that is required to produce traditional crystalline silicon solar modules. Given the high cost and supply constraints on semiconductor materials, using less silicon gives XSNX a huge cost advantage. In addition, the power conversion properties of the Company's amorphous solar cells exhibit near 100% conversion potential at temperatures of 65 C while other thin film and conventional silicon wafer technologies lose around 20% of conversion potential. Amorphous silicon solar cell technologies also outperform crystalline silicon solar modules on an average and total wattage basis over a complete 24-hour cycle and provide superior performance in cloudy and indirect sunlight conditions.
XSNX has strong research and development capabilities
XSNX has a research and development facility in Colorado and a portfolio of proprietary intellectual properties and processes relating to amorphous thin-film silicon design and manufacturing. Since its inception, XSNX has compiled an impressive list of accomplishments, which include internally developing its key technologies, licensing its intellectual properties and successfully completing proof of concept demonstrations. During its development phase, XSNX focused on developing and refining thin-film solar cell technologies that can more efficiently convert sunlight to electricity, are adaptable across a broad range of applications and temperature conditions, and can be manufactured inexpensively in large scale quantities.
The Company is rapidly advancing towards commercial production
XSNX has commissioned a baseline production system which will serve as a blueprint for the 25 MW production system it is also building. The 25 MW system is expected to commence commercial production in late 2008 with the first of its modules available for sales in early 2009. The Company anticipates having a full 100 MW system in place by February 2010. XSNX has already contracted with vendors to build key parts of the production line components and sub-systems and has already announced agreements with installers for more than 100 MW of reserved production capacity.
$21 million financing commitment supports production system plans
The Company recently secured a $21 million financing commitment from a Chicago-based institutional investor, Fusion Capital Fund II, LLC. These funds will be utilized to purchase the major components and parts of the sub-systems, beginning with components having the longest lead times. Having work on the sub-systems underway now will enable the Company to quickly and efficiently bring its new production system on-line next year.
XSNX has a seasoned management team
The Company's management team has decades of experience in developing and commercializing thin-film solar energy technologies. President/CEO Tom Djokovich has over 30 years experience in the high-tech and building industries. He is a veteran manager of public companies and has successfully attracted millions of dollars of investment capital to his companies. Joseph Grimes, COO, has more than eight years direct experience in thin-film technology and manufacturing. Jeff Huitt, CFO, has 20 years financial management executive experience and has worked for both large organizations and start-ups. Vice-President of Engineering Robert Wendt has over 20 years experience in thin film solar technologies, most recently as VP of Sales and Operations for Global Solar Energy, Inc. a major producer of thin film photovoltaics.
Global energy consumption is increasing as the result of population gains and economic growth, with demand increasing most rapidly in emerging economies. Due to economic and social reforms, China and India are sustaining annual GDP growth rates exceeding 10% and 8%, respectively. Robust GDP growth is creating seemingly insatiable energy demand in both of these countries. In the last two years, China and India have accounted for about 70% of global energy demand growth. In fact, per capita energy demand from these countries is forecast to double between 2005 and 2030 . According to a US Department of Energy report, overall worldwide demand for electricity is expected to expand 2-3% annually over the next decade and reach 26.0 billion MWh by 2025.
Depleted fossil fuel reserves boosts demand for alternative energy sources
The rapid depletion of conventional energy sources such as crude oil, natural gas and coal will result in a shortage of these fuels for electricity generation. The International Energy Agency (IEA) warns that rising global demand could create a supply crunch as early as 2015. According to the US Department of Energy, current global oil production is around 85 million barrels a day, whereas consumption hovers around 86 million barrels a day. The DOE predicts output will grow to 118 million barrels by 2030, but even this level of production may not be enough to meet rising demand.
Exhibit 1: Estimates of US crude oil shortages
Source: US Energy Information Administration
Due to the supply/demand imbalance and escalating political tensions in some oil-producing regions, energy prices have risen significantly this year, with crude oil prices approaching $100 per barrel in November 2007.
All these factors are supporting double-digit growth in demand for alternative energy sources such as solar, wind and nuclear power.
Exhibit 2: Prices of conventional sources of energy
Source: Bloomberg
Booming market for solar energy
The solar energy market has experienced strong growth in recent years. Solar energy demand has been growing consistently at 35-40% annual rates in recent years 1 . The solar energy technology market is valued at around $10 billion currently and continues to expand at high double-digit rates 2 . Solar device manufacturers in Europe, the US, China and Japan are investing significant amounts of capital in new production facilities and new technologies.
The percentage of the sun’s rays that reach the earth’s surface could satisfy global energy consumption 10,000 times over 3 . On average, each square meter of land exposed to sunlight receives 1,700 kWh of energy every year. Because of the abundance of this energy source, solar energy offers an attractive long-term solution to the world’s energy needs. Cumulative installed capacity of solar photovoltaic (PV) systems around the world has increased from 1,200 MWp in 2000 to 6,500 MWp in 2006. Worldwide installations of PV cells and modules have been expanding more than 35% annually since 1998.
Exhibit 3: Global cumulative PV capacity
Source: EPIA
Declining PV generation costs accelerate solar energy deployment
The actual cost of electricity varies around the world based on differences in consumption patterns and delivery costs. According to the EPIA, the cost of solar electricity will be reduced by half over the next 10-15 years. As the cost of Photovoltaics (solar power technologies that employ semiconductor materials to convert solar radiation into electricity) is reduced and the cost of conventional energy continues to rise, PV will become even more price-competitive and gain a greater share of the overall energy market. Generating costs of PV-powered electricity have declined steadily and continue to fall, as shown in the table below.
Exhibit 4: Development of utility prices and PV generation costs
Source: EPIA (h/a – Hours per annum)
Deutsche Bank analysts predict the solar PV industry will achieve price parity with grid electricity within five to seven years, enabling PV to compete effectively as a complementary source of electricity for point-of-use generation and consumption. Calyon Securities analysts also anticipate grid parity for PV technologies within five years, and look for a five-fold increase in global solar equipment sales to approximately $90 billion by 2010.
Thin film technology gaining solar energy market share
PV cells are generally made from either crystalline silicon sliced from ingots, castings or grown ribbons, or thin film, deposited in thin layers on a low-cost backing. Up until 2006, crystalline silicon was used to produce around 93% of cells whereas only about 7% was produced from thin film. Thin film technology is expected to gain a much larger share of the PV market in the future because of its advantages over crystalline silicon modules, which include lower material consumption, lower weight and a smoother appearance. EPIA expects thin film market share to represent about 20% of PV module production by 2010.
Exhibit 5: Cell technology shares in 2006
Source: Photon International, March 2007
According to a NanoMarkets LLC report, the global thin film photovoltaic (TFPV) market will expand to $7.2 billion in 2015 from just over $1.0 billion today. It will continue to grow faster than the crystalline silicon PV market and also outperform other solar energy technologies.
Solar energy eliminates greenhouse emissions
Solar energy is one of the most attractive options for replacing fossil fuels since it causes no pollution. An off-grid solar system that replaces a typical diesel unit can save about 1 kg CO2 per kilowatt hour of output. The pollutants from fossil fuels are a major source of global warming. Many countries have signed the Kyoto Protocol, agreeing to substantially reduce emissions of carbon dioxide and other gases. In addition, there are national and regional pollution control boards which are mandating stricter emission standards.
Political support and tax incentives for solar energy
Governments have created financial incentives to promote solar installations in a number of countries, most notably Germany, Spain, and the US. The US Congress is contemplating extending the Solar Tax Credit which provides a tax incentive for companies investing in PV systems. Legislation to extend the solar tax credit for 10 years is advancing through both houses of the US Congress, and a new bill called the Solar Opportunity and Local Access Rights Act has been introduced. Also, President Bush has proposed a large funding increase for solar energy research. His program targets the US deployment of 5-10 GW of solar power capacity by 2015 which could rise to 70-100 GW by 2030.
1 Solarbuzz - Solar Energy Industry Statistics 2 European Photovoltaic Industry Association (EPIA) – Solar generation IV-2007 3 European Photovoltaic Industry Association (EPIA) – Solar generation IV-2007
XSNX was founded in 2003 to develop and commercialize advanced thin film solar cell designs and processes. The Company acquired three existing patents that same year relating to methods for integrating semi-transparent PV devices into windows. The Company successfully created small area (12 cm X 12 cm) and large area (40 cm X 40 cm) prototypes of semi-transparent PV coatings in 2004. Also in 2004, XSNX acquired the exclusive rights to a portfolio of chemical and plasma deposition technologies and contracted with a third-party research facility to further refine its technologies. In 2005, the Company successfully proved its processes for manufacturing semi-transparent solar cells on plastic substrate, expanded its intellectual property portfolio and developed manufacturing processes enabling the use of inexpensive plastics for solar cell substrates. As a result of these breakthroughs, XSNX was awarded the 2005 World Technology Award in the Energy Division for its development of a semi-transparent solar cell.
Last year the Company shifted its focus from licensing its technologies to producing and commercializing thin-film amorphous solar energy modules. XSNX developed a commercially viable production process and began building a prototype solar cell device incorporating amorphous silicon. This device allows dissimilar materials and operating currents to be used to deliver high energy conversion gains. XSNX has established a research and development facility in Golden, Colorado which provides the infrastructure and tools necessary for advancing its technologies to commercialization. In 2007, the Company focused on preparing a well-defined plan for building and financing its solar module manufacturing facilities. A phased build-out has begun of its prototype production line and a 25 MW thin film solar cell manufacturing plant.
XSNX has recruited a scientific advisory board consisting of recognized leaders in solar technology development representing over 30 years experience in commercial applications for advanced thin film processes. XSNX's scientists and engineers work with a variety of research and development partners, including highly skilled scientific consultants, industry partners, government research agencies and academic institutions.
XSNX's thin film solar modules are designed with two stacked layers of amorphous silicon, a proven, reliable thin film material that provides the exceptional performance needed for commercial and industrial applications and installations in warmer climates.
Exhibit 6: Tandem Junction, Amorphous Silicon Solar Cell for XASI-120 Modules
Source: Company Reports
The Company's XASI - 120 Solar Modules are designed to outperform in environments where other solar panels experience significant conversion loss. Based on experimental and limited commercial use of its thin film formulas the Company anticipates that its amorphous silicon and thin film material used in XSNX's modules will achieve a stabilized efficiency of 7.9% at the module level. These modules are mounted on a low-cost aluminum frame and standard UL approved J-box.
Advantages of amorphous silicon thin film
XSNX's design offers numerous performance advantages over traditional crystalline silicon solar cells. First, amorphous silicon outperforms other technologies in cloudy and overcast weather conditions. While crystalline silicon devices may produce higher peak energy potential, XSNX's solar modules generate superior average and total watts over a complete 24-hour cycle. Amorphous silicon also consistently outperforms other solar cell designs in warm weather conditions and in cloudy and/or overcast conditions.
Another advantage of amorphous silicon is that the materials are readily available and pose no environmental risk. This is in sharp contrast to other solar cell technologies which incorporate hazardous heavy metals in their design. Finally, amorphous silicon manufacturing is a proven technology with a track record of 30 years of commercial volume production.
Characteristics of XSNX’s ASI – 120 solar cell module
Rated Power (P Max) 120 Watts @ STC
Nominal Voltage 50V/100V
Limited Warranty 20 years
High Power Module: (120 Watt@ STC) using thin amorphous silcon
Environment friendly: No heavy metals such as cadmium or lead
UL, TÜC & IEC Certifi¬able
High Voltage: 50V, ideal for use with high power inverters for On-Grid applications
No expensive solar tracking devices needed and no moving parts
Target Markets
XSNX's target market includes large-scale solar energy installers and operators such as solar farms, government agencies, utility companies and large commercial installations having power needs of one megawatt or higher. These more sophisticated users will likely prefer amorphous silicon because of its superior performance on an average and total basis and suitability for large-scale applications.
The keen interest these customers are expressing in XSNX's technology is evidenced by the fact that the Company has already pre-loaded its sales pipeline with more than 100 MW of reserved capacity.
Target Customer
Solar farms - License Holders in Germany, Spain & Canada
Government Agencies - Bureau of Land Management, Department of Defense
Power Purchase Agreements - Renewable Ventures
Utility Companies - Meeting Green Mandates
Large Commercial Installations
Manufacturing Capacity
XSNX's goal is to put 100 MW of base production capacity in place as quickly as possible. The Company is currently in the process of building a baseline production system which will enable it to perfect key variables such as materials, processes and chemistry and serve as the blueprint for its 25 MW production system. XSNX expects to have the baseline system in place by mid-year 2008 and the 25 MW production system up and running by year-end 2008. The Company will be utilizing the $21 million funding commitment from its financing partner to purchase key components and sub-systems for the production line such as cleaning systems, laser systems, specialized disposition systems and material transport systems. XSNX anticipates having a full 100 MW of base production capacity in place by February 2010.
The following companies are among XSNX’s competitors in the PV solar module market:
First Solar, Inc. and its subsidiaries engage in the design, manufacture, and sale of solar electric power modules. The solar module is a polycrystalline thin film structure that employs cadmium telluride semiconductor material to convert sunlight into electricity. The company sells its products to solar project developers and system integrators primarily in Germany. The company was founded as First Solar Holdings, LLC in 1999 and changed its name to First Solar Holdings, Inc. Further, it changed its name to First Solar, Inc. in 2006. The company is headquartered in Phoenix, Arizona.
SunPower Corporation designs, develops, manufactures, and markets solar electric power products primarily in the United States, Germany, and Asia. It offers solar cells, solar panels, and inverters, which convert sunlight to electricity compatible with the utility network for residential and commercial applications. The company also provides imaging detectors based on solar power technology primarily for medical imaging applications, as well as infrared detectors based on high performance all back contact technology primarily for use in computing and mobile phone applications. In addition, its subsidiary, PowerLight Corporation, offers PowerGuard Roof System, a roof-mounted solar panel mounting system; PowerTilt solar power system; SunTile?roof integrated system for residential market; Ground Mounted PowerTracker systems; Fixed Tilt and PowerTracker systems for parking structures; and metal roof system and day lighting with translucent solar panels. SunPower Corporation sells its products to system integrators and original equipment manufacturers. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Cypress Semiconductor Corporation.
Suntech Power Holdings Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) cells and modules. It also provides PV system integration services in China. The company’s products are used in various residential, commercial, industrial, and public utility applications for on-grid electricity generation, as well as for off-grid use, such as stand-alone lighting for street lamps, garden lamps, telecommunications relay stations, and mobile phone networks. It sells its products to solar distributors, engineering and design firms, and other energy product distributors, as well as installers, system integrators, property developers, and value-added resellers. The company was founded in 2001 and is headquartered in Wuxi, China.
JA Solar Holdings Co., Ltd., through its subsidiaries, designs, manufactures, and sells solar cells primarily in the People’s Republic of China. The company offers monocrystalline solar cells. It sells its products primarily through a team of sales and marketing personnel to solar module manufacturers, who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. JA Solar Holdings Co. also sells its products to customers in Germany, Sweden, Spain, South Korea, and the United States. The company was founded in 2005 and is based in Ningjin, the People’s Republic of China.
Canadian Solar, Inc., together with its subsidiaries, designs, develops, manufactures, and markets solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products based on customers’ requirements. Its specialty solar modules and products consist of customized modules that its customers incorporate into their own products, such as solar-powered bus stop lighting, and complete specialty products, such as solar-powered car battery chargers. In addition, the company implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of the People’s Republic of China. It sells standard solar modules to distributors and system integrators, and specialty solar modules and products directly to various manufacturers, who integrate these solar modules into their own products or sell and market them as part of their product portfolio. Canadian Solar offers its products to customers located worldwide, including Germany, Spain, Canada, China, Japan, and the United States. The company was founded in 2001 and is headquartered in Markham, Canada.
Energy Conversion Devices, Inc. commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets. The company operates in two segments: United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment designs, develops, manufactures, and sells proprietary thin-film solar (photovoltaic or PV) modules, which are lightweight, thin, flexible, and durable products for converting sunlight into electricity. It sells these PV modules to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators, who incorporate these PV modules into their products and services for commercial sale. The company also sells PV modules for ground-mounted and residential applications and, for some applications, manufactures and sells framed PV products. The Ovonic Materials segment invents, designs, and develops materials and products based on its materials science technology, principally amorphous and disordered materials. The company is commercializing NiMH materials and consumer battery technology through this segment internally and through third-party relationships, such as licenses and joint ventures. The company also engages in pre-commercialization activities for various emerging technologies, such as Ovonic solid hydrogen storage technologies, Ovonic metal hydride fuel cell technologies, and Ovonic biofuel reformation technologies. The company operates in the United States, Germany, China, Japan, Italy, and internationally. Energy Conversion Devices was founded in 1960 and is headquartered in Rochester Hills, Michigan.
XSNX is still in an early development stage and has yet to generate meaningful revenues from product sales. Up until recently, the Company's efforts were focused on building its portfolio of intellectual properties and refining its technology. In 2007, the Company's focus has shifted from licensing its technology to the commercial production of solar cells and solar modules. Production on a limited basis may begin in late 2008 but we don't anticipate the Company will be generating meaningful product sales until FY 2009.
Operating expenses declined in the nine months ended June 30, 2007 to $1.7 million from $2.2 million in the comparable FY 2006 period because of greatly reduced expenses for warrants, which represented 43.6% of overall expenses last year. XSNX's major expense areas in the first nine months of FY 2007 were salaries, R&D expenses and legal and accounting expenses, which represented 34%, 19% and 12%, respectively, of overall expenses. Salaries and wages were higher this year because of additional hires in the areas of marketing, finance and engineering. Research and development spending declined from 31% of expenses last year to 19% of expenses this year due to the winding down of outsourced R&D initiatives. Legal and accounting expenses were 116% higher this year as a result of asset acquisition agreements.
The Company generated net interest income this year because of conversions of debentures into common stock and the investment of XSNX's cash balance in interest-bearing accounts and the Sencera note . The Company's net loss declined 44% year-over-year to $1.5 million or $0.01 per share in the nine months ended June 2007 from $2.7 million or $0.02 per share in the prior year nine-month period.
Exhibit 7: Selected income statement data
Source: Company Reports
Liquidity & Capital Requirements
At June 30, 2007, the Company had cash of $1.4 million, down from $4.3 million at fiscal year-end 2006. Intangible assets, which include patents and marketable prototypes, were valued at $1.8 million. Investments increased to approximately $1.3 million in the June FY 2007 quarter due to notes receivable and interest accrued receivable. The Company has minimal current liabilities, no long-term debt and stockholders' equity of $4.7 million. Since its inception, XSNX has accumulated losses of approximately $10.7 million.
Exhibit 8: Selected balance sheet data
Source: Company Reports
In November 2007, the Company announced a $21 million financing commitment from Fusion Capital Fund II, LLC, a Chicago-based institutional investor. XSNX has already received $1 million in funding, which it is using to purchase components and sub-systems for its 25 MW production system. After the SEC has declared effective a registration statement related to the transaction, the Company has the right, over a 25-month period, to sell its shares of common stock to Fusion Capital, from time to time, in amounts up to $1 million per sale, depending on certain conditions set forth in the stock purchase agreement, up to the full aggregate commitment of $21 million.
4 Sencera Note : is a seven- year ,10% installment credit note providing up to $1.5 million for developing technologies for licensing
As mentioned earlier, XSNX plans to commence commercial production of thin film solar modules in late 2008. We expect production to rise sharply from an initial range of approximately 0.5 megawatts of solar modules in FY 2008, rising to approach 25 megawatts in FY 2009 and 100 megawatts in FY 2010.
Assuming revenues per watt of approximately $2.80, we anticipate the Company may produce FY 2008 revenues of $1.4 million. We are forecasting FY 2009 revenues at approximately $60 million and FY 2010 revenues at $275 million, assuming production increases partially offset by declining revenues per watt. Revenues per watt will likely stabilize when price of solar electricity reaches parity with grid electricity. Most experts believe solar energy will achieve grid parity within the next five to seven years.
Exhibit 9: Projected Renevues $ in millions
We further expect XSNX to become profitable in FY 2009 and to generate operating margins approaching a 40% range in FY 2010, as economies of scale are realized on increasing production volume.
Valuation
As shown in the table below, XSNX currently represents the least expensive investment in solar energy market growth based on manufacturing capacity divided by current share price. In addition to representing the lowest investment cost per megawatt, XSNX offers investors the additional advantages of low technology risk (since amorphous silicon is a proven technology with high volume production for some 30 years), a seasoned management team who understand the solar energy market and how to guide start-ups to profitable operation, and a compelling valuation relative to PV industry peers.
Other companies in the PV industry peer group (consisting of Energy Conversion Devices, First Solar, Sunpower, Suntech Power, JA Solar and Canadian Solar) trade at Price/Sales multiples ranging from a low of three times sales for Canadian Solar to a high of 52 times sales for First Solar. The average Price/Sales multiple for the six company peer group is 17 times sales. The average forward Price/Earnings multiple for the PV industry peer group is 38 times earnings.
At the Company's current $48 million market capitalization, XSNX trades at less than one time our FY 2009 revenue estimate. We think these shares are substantially undervalued at current prices, and are thus initiating coverage of XSNX with a Speculative Buy rating and a $1.50 price target, based on a four times forward Price/Sales multiple of our $60 million FY 2009 revenue estimate.
Exhibit 10: Most Attractive Valuation per Megawatt of Targeted Capacity (1)(2)(3)
(1) Valuation includes current Market Cap., Debt, and announced capital raises for future expansion (2) Canadian Solar, First Solor, Energy Conversion Devices and Suntech Power Market Cap assumes no futher financing (3) Stock Prices as of 8/27/2007
While we believe these shares present an attractive value at current prices, investors should keep in mind that XSNX has yet to commence commercial production of solar modules and is at least a year away from generating meaningful revenues. We further advise investors to consider the risk factors discussed below before investing.
The Company's solar modules have a limited operating history. While XSNX's technology has been successfully tested in proof of concept demonstrations, its solar modules have not yet been deployed in commercial applications. If the modules degrade faster than anticipated or has a shorter useful life, XSNX may incur high warranty expense and/or lose customers.
Reliance on government incentives can pose risk
Solar power is not yet cost-competitive with conventional energy sources or other renewable energy source. Government incentives are required to sustain demand and create incentives to further reduce solar energy production costs. These subsidies and incentives are subject to policy changes and fiscal budgets.
Reliance on key vendors
The Company relies on outside vendors to provide components and sub-systems for its production system. If it is unable to locate vendors to build its components or sub-systems or if these vendors are unable to meet XSNX's timetable, the Company may encounter delays in bringing production on-line.
Patent infringement risk
The Company has patents on its technology portfolio relating to photovoltaic technology design, manufacturing processes, and the development of technology. However, XSNX cannot be certain of the level of protection, if any, that will be provided by our patents in the US and abroad. In addition, its patents may not be broad enough to prohibit a competitor from deploying a similar technology.
Tom M. Djokovich, President and Chief Executive Officer
Mr. Djokovich has over 30 years of executive management and entrepreneurial experience, managing growth and innovation in both the high-tech and building industries. He has held senior executive positions with publicly-traded corporations and raised millions of dollars in capital investments for business development. He has also been directly responsible for managing investor relations and compliance with Security Exchange Commission regulations.
Joseph Grimes, Chief Operating Officer
Mr. Grimes has more than eight years experience in thin film technology and manufacturing with Applied Magnetics Corporation. He served as Vice President (Defense Solutions) of Envisage Technology Company, where he directed and managed the defense group business development process, acquisition strategies and vision for next generation applications. He was also the Co-Founder, President and CEO of ISERA Group. Mr. Grimes holds a Bachelor's degree in business economics and environmental studies, and a Master's in computer modeling and operation research applications, both from the University of California.
Jeff Huitt, Chief Financial Officer
Mr. Huitt has 20 years' experience financial management experience with both larger organizations and start-ups. Most recently, he served as COO/CFO of a start-up defense contractor and guided the company through high growth rates and recapitalizations. He has also worked with venture capital firms, technology and non technology start-ups, and served as Controller of Qwest Wireless. His current responsibilities at XsunX include operations management and coordination of resources. He is a CPA and holds a Bachelor of Science degree in Accounting and a Master's in Business Administration from the University of Denver.
Thomas Anderson, Director
Mr. Anderson has been a director of the Company since August 2001. He has been working as an environmental scientist in the environmental consulting field for the last 17 years. He was a Senior Environmental Scientist with Concurrent Technologies Corp. from November 2000 to December, 2004. Between March and November 2000, he was employed as a Senior Hydrogeologist at Stone & Webster Engineering, Inc. From July 1998 to March 2000, he worked with Advanced Integrated Management Services as an Environmental Scientist/Engineer. He has worked as a research assistant in the Environmental Science and Engineering Program at the Colorado School of Mines. He completed an M.S. in Environmental Science and Engineering at the Colorado School of Mines in 1998. Since 1998, he has been providing consulting services to the Department of Energy and Department of Defense for addressing complex characterization and remediation activities at radioactive and hazardous waste sites. He is currently employed as a Senior Environmental Scientist at Apogen Technologies in Los Alamos, New Mexico.
Mr. Oz Fundingsland, Director
Mr. Fundingsland has over 40 years experience in sales, marketing, executive business management, finance and corporate governance. Up until 1994, he worked for Applied Magnetics, a disk drive and data storage company, where he played a key role in the company's growth from $50 million to over $550 million in sales. For ten years, he served on the board of directors of the International Disk Drive Equipment Manufacturers Association (IDEMA) where he continues to serve as an advisor to the board. He also continues to provide consulting services to a variety of companies in the disk drive, optical, software, and LED industries.
Dr. Michael A. Russak, Director
Dr. Russak is also a member of the Company's Scientific Advisory Board. Dr. Russak has over thirty five years of industrial experience progressing from a research scientist to senior executive officer of two public companies. He has expertise in thin film materials and devices for magnetic recording, photovoltaic, solar thermal applications, semiconductor devices as well as glass, glass-ceramic and ceramic materials. He also has over twelve years experience at the executive management level of public companies with significant off-shore development and manufacturing functions. He received his B.S. in Ceramic Engineering in 1968 and Ph.D. in Materials Science in 1971, both from Rutgers University in New Brunswick, NJ. During his career, he has been a contributing scientist and program manager at the Grumman Aerospace Corporation, a Research Staff Member and technical manager in the areas of thin film materials and processes at the Research Division of the IBM Corporation at the T.J. Watson Research Laboratories. In 1993,
Lantis Laser 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 is currently in Phase 2 development, moving through beta systems, product development and application for FDA clearance and plans to launch the OCT Dental Imaging System™ in the first quarter of 2009. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive); LightLab Imaging (non-exclusive) and AXSUN (exclusive). To find out more about Lantis Laser, visit www.lantislaser.com .
LLSR News:
July 8 - Lantis Laser's OCT Dental Imaging System Will Drive the New Era of Minimally Invasive Dentistry
From Lantis Laser, Inc. (OTC: LLSR): Fluoride and its protection against tooth decay are well documented. Its action is best on the smooth surfaces of teeth. So, what about all those pits and fissures on the biting surface where decay is most prevalent? Recently, a new generation of topical products has been developed that have the ability to remineralize enamel from the bottom up, therefore reversing that dreaded decay, but only when detected very early on.
The list of products that can be used to arrest or reverse the decay process include amorphous calcium phosphate, fluoride varnishes, fluoride rinses and disinfecting mouth rinses. For the successful implementation of these treatments, early detection of decay is essential but is difficult with present day dental diagnostics as no imaging modalities provide the level of resolution required for early detection so that minimally invasive treatment with topical products can be prescribed. This is a barrier to the wider adoption of Minimally Invasive Dentistry (MID) and the dental profession is fully aware of this.
According to Dr. Craig Gimbel, Executive Vice President of Clinical Affairs for Lantis Laser, Inc, "The introduction of Lantis' Optical Coherence Tomography (OCT) Dental Imaging System in the first quarter of 2009 will enable dentists to non-invasively image what they never were able to do before - the microstructure of teeth at a high resolution to detect early decay, using just light."
Dr. Gimbel continued, "Even x-rays are not capable of imaging early decay in those tiny pits and fissures. OCT will drive a new generation of MID and every dental office will require an OCT System to diagnose and treat very early decay." Dr Gimbel points out "both the dentist and the patients they treat can only benefit. Early diagnosis means possibly you may avoid that dreaded dental drill."
Research studies have shown that OCT technology can provide evidence for early decay demineralization and then follow the process of remineralizing, all without the risk of radiation.
Lantis' OCT Dental Imaging System is based on novel light-based, bio-medical imaging technology, Optical Coherence Tomography, that enables the dentist to do diagnostic imaging, chairside and in real-time. As the power source is light-based, unlike x-ray there is no harmful radiation. Images can be captured at a resolution of up to 10 times that of x-ray, enabling early detection of decay and detailed examination of microstructural defects.
LLSR just released HUGE news a few minutes ago detailing the company's move to the OTC Bulletin Board! Once that move takes place, LLSR will become a fully reporting company which will provide the transparency and credibility many investors are looking for these days when contemplating investments! This is a BIG deal that will surely bring in a whole new wave of investors who don't typically like investing in pink sheet companies! This gives us all the more reason to jump back into LLSR here rather than when the stock is significantly higher! The stock is already moving up nicely this morning, but trust me....you ain't seen nothing yet! I don't care if we see LLSR up 200% today. I still think this stock is a bargain anywhere under $.50 for sure! Be sure to re-read the emails I sent out last night to understand the unbelievable potential of this company! We're just getting started!
CelebDirect's primary business is that of a direct response celebrity incubator and has two divisions which are direct response marketing and Celebrity placement / franchise opportunities. CelebDirect brings to the market unique and innovative products via direct to market strategies such as infomercials, advertorials and other associated advertising vehicles to expeditiously, economically and broadly market products throughout North American as well as a global basis. CelebDirect has a number of consumer-oriented products it is evaluating and others it is currently bringing to market.
CELI News:
July 8 - CelebDirect and the Muscle Flex™ Step into the Mixed Martial Arts Octagon to Rollout the First Stage of the Muscle Flex™ Marketing Strategy in Print and Online Media
CelebDirect and the Muscle Flex™ Step into the Mixed Martial Arts Octagon to Rollout the First Stage of the Muscle Flex™ Marketing Strategy in Print and Online Media
CelebDirect (OTC: CELI) has begun the first phase of its Direct Response marketing strategy for the Muscle Flex™ ( www.MuscleFlex.tv ) in a number of Martial Arts and Mixed Martial Arts publications and online websites. These full and half page ads are part of a 1-year campaign designed to create and escalate awareness and sales as we expand our marketing campaign into television in 1 and 2 minute short form and 30 minute infomercial spots. The magazines include:
Mixed Martial Arts Magazines
* Black Belt Magazine * Fight! Magazine * MMA Authority * Ultimate Grappler * Inside Kung Fu * Tapout Magazine * MMA Worldwide
The Muscle Flex(TM) is ideal for the Martial Arts and anyone who is trying to develop strength, flexibility and improve their fitness level. Its "one-of-a-kind gliding" motion is revolutionary in how it delivers results and fitness benefits.
"The print and online advertising are the beginning phases before we rollout our comprehensive North American wide television campaigns," commented Danny Alex, CEO of CelebDirect. "We are expecting the Muscle Flex 30 minute infomercial to be one of the most successful infomercials of its kind."
Go to www.MuscleFlex.tv to learn about the Muscle Flex and why we describe it as a revolution in the Fitness Industry. A wealth of pictures, video and detailed text provides consumers a comprehensive and entertaining venue for The Muscle Flex(TM).
It's the only machine of its kind that delivers strength, flexibility and cardio training all in one fluid motion. It also improves posture, sculpts and tones, and develops long lean toned muscles. The most popular fitness phenomenon is creating long, lean muscles by combining toning and stretching against resistance. With the population of America rapidly aging, body toning and stretching will undoubtedly be the next "fitness craze."
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN News:
July 7 - Monogram Energy Inc. to Post Financials
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that it has completed its issuer services agreement with Pink OTC Markets Inc. (formerly Pink Sheets). This action allows Monogram to provide current disclosure to the marketplace.
Monogram is presently working on current unaudited financial statements, and intends to post them on Pink Sheets' website as soon as they are completed. Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "Posting our financials gives us the mechanism to become more fully transparent to the investing public, and provides our shareholders another avenue to keep abreast of our progress."
Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
As of May 27, 2007, UTZ Technologies, Inc. was acquired by IP Phone Brasil, in a reverse merger transaction. UTZ Technologies, Inc. manufactures thick film printed screens, metal masks, and solder printing stencils for the electronics industry. Its products include laser stencils, chemically-etched stencils, screen mesh, pre-sensitized screens, image screens, and aluminum alloy frames. The company serves computer, telecommunications, aerospace, medical, automotive, and defense industries. It has operational facilities in Clifton, New Jersey and San Marcos, California, as well as site representatives in the United States, Canada, and Mexico. UTZ Technologies, Inc. was formerly known as UTZ Engineering and changed its name to UTZ Technologies, Inc. in 2002. The company was founded in 1968 and is based in Clifton, New Jersey.
PHBR recently acquired a lifetime B1 license in the 4th quarter of 2007 to build its own national telecommunications network in Spain.
This is the same B1 type license owned by TELEFONICA SA, a company publicly traded and worth well over $100 Billion US!
This is one major asset and commodity for PHBR, seeing how the government of Spain stopped granting B1 licenses several years ago and only issues new licenses permitting use for a particular communication.
The Spanish telecom market has rose from US$17.9 billion in 1999 to US$42.5 billion in 2004!
PHBR has a major advantage having Anderson Dias as CEO.
For over two years, Audiovox had attempted, with little success, to enter and saturate the Brazilian market.
PHBR CEO Anderson Dias, was able to secure in less than two months all the necessary licenses and certificates of all the products Audiovox was to use in its endeavor via the Brazilian Technology Regulator, ANATEL through his well developed relationships and ties with Brazilian businesses and the governing parties.
He is the 2nd richest man in the world and gained notoriety when he bought Telmex and Telnor from the Mexican government in 1990.
Today, ninety percent of the telephone lines in Mexico are operated by Telmex!
Over the past 3 years Carlos Slim has invested $2.76 Billion into Brazil!
Brazil is the fifth largest country in the world, the sixth most populous and the seventh country in Internet usage. In May 2007, Internet usage in Brazil was estimated at 39 Mill people by ITU (International Telecommunications Union).
PHBR, through its Miami-based offices, has the ability to provide its customers with up to 900 million minutes of telecommunication per month. At maximum capacity, this would equate to $160 Mill worth of billing for minutes & traffic per month through the Company's 250 T-1 servers.
PHBR now having Governmental approval is advancing in achieving the necessary process to get final approval from TUV and CPQD. Upon the full completion (roughly 2 years) this First large-scale Wi-Fi/WiMAX will have a valuation of over $1 Billion US.
The new WiFi/Wimax network will literally cover most major metropolitan cities, areas, states, and territories of Brazil. This new untapped technology will give both new subscribers, and already existing PHBR customers, the ability to connect their computers, laptops, VoIP networking devices, and Hybrid cellular dual-mode communication interfaces anywhere, when this large-scale WiFi/Wimax platform is available.
It seems almost inevitable that PHBR will have success connecting the Latin American countries with product manufacturers such as Grandstream and Innomidia.
PHBR has obtained a resource standard high enough to provide communication multimedia between points in more than 200 countries, also to be inclusive in ships (INMARSAT).
PHONEBRASIL INTERNATIONAL, INC. ( PHBR ) PhoneBrasil International, Inc., is a Hybrid VOIP Technology company specializing in the Latin American market as well as servicing the International markets.
Recent Price
$57
Market Capitalization
$6M
Est Float
3.4
Outstanding Shares
10.5 M
Exchange
OTC.PK
PhoneBrasil Intl., Inc.
US Headquarters - Miami 3423 NW 82nd Ave Suite 104 Miami, FL 33122
IR/PR PROS, a leading source of news and information on small cap technology companies, has initiated coverage of PhoneBrasil International (PINKSHEETS: PHBR) today and reported that shares are now seeing a steady increase in volume and are trading at their most attractive price levels in 4 months. PhoneBrasil International, Inc. and Atlanta, GA based Tacora Wireless Inc. had previously announced late last year both parties had finalized, dually signed, and executed the agreement for the first large-scale WiFi/Wimax Platform in Brazil.
IR/PR PROS spokesperson commented, "Understand and take into mind this type of large scale network/platform takes time, lots of planning, proper testing, and requires many of local, state, and Federal approvals."PHBR now having Governmental approval is advancing in achieving the necessary process to get final approval from TUV and CPQD. Upon the full completion (roughly 2 years) this First large-scale Wi-Fi/WiMAX will have a valuation of over $1 Billion US.
Current Projects
PhoneBrasil to Develop European Proprietary Network Using its B1 License, Same Type as NYSE TELEFONICA SA
PhoneBrasil had recently acquired a lifetime B1 license in the 4th quarter of 2007 to build its own national telecommunications network in Spain; the same B1 type license owned by TELEFONICA SA, a company publicly traded and worth well over $100 Billion US (NYSE: TEF ). This allows the holder to develop their own proprietary network with an access code (PHBR access 1044). The government of Spain stopped granting B1 licenses several years ago and only issues new licenses permitting use for a particular communication therefore this is one major asset and commodity for PhoneBrasil.
PhoneBrasil Announces Expansion in USA Telecom Markets
The company has announced FCC and 214 License and upcoming expansion with key players in the domestic markets.CEO Anderson Dias will be updating the market with new and open agreements here in the United States of America and abroad. We are very excited to be able to announce our rapid expansion in the domestic markets. We can now supply our domestic customers/clients with reduced costs of telecommunication using the most modern hybrid technology already used in digital communications via web.
Company Overview
PhoneBrasil International, Inc. (OTC.PK: PHBR)
PhoneBrasil International, Inc. is an American-based company specializing in Hybrid VOIP Technology in the Latin American market as well as servicing the International Telecommunication markets. PhoneBrasil has 4 niche markets: wholesale-retail (minutes & traffic), calling cards, and boxes. Billing prices are up to 70% cheaper than traditional operators, monthly fixed fee, calls bill via site on-line, line mobility - take your line to any part of the world, you can be connected 24 Hrs a day, free direct connection between points contracted.
PhoneBrasil has a unique relationship with the regulators of the Brazilian communications industry. They have several exclusive communications licenses in Brazil for VOIP, cellular, and WIFI/Broadband services. Telecom margins in Brazil exceed those of US telecom operations as pricing spread are far greater in Brazil than that of the US Markets. The Company's current capacity is for approximately 900mm minutes per month.This equivalents to the capacity of around $180 million a month in gross revenues.
The Company has 3 locations: Headquartered in Miami, Fl and 2 main offices in Brazil. The Miami office houses 250 T-1 servers, and monitors the traffic & minutes along with billing and servicing.Brazil locations involve sales, engineers, technicians, and developers.
PhoneBrasil is focused on dominating technological aspects like software, billing, supply, and cost savings for the new VOIP industry. The company's recent return to the VOIP market has been made through strategic alliances with manufacturers such as Grandstream and InnoMedia. PHBR is rapidly growing in the areas of marketing, management, strategic planning, domestic/international VOIP services, wireless networks, and networking an international infrastructure to supply and service the telecom markets.
PhoneBrasil has reached the necessary technological advancements to create a universally compatible system with many world suppliers of telecom and web communication markets. These advancements and breakthrough developments were designed and manifested at institutions such as: MIT, Harvard, Columbia, NASA, and Cambridge, among others. PHBR has obtained a resource standard high enough to provide communication multimedia between points in more than 200 Countries, also to be inclusive in ships in (INMARSAT).
PhoneBrasil reached the necessary technological advancements with the creation of a universally compatible system with many world suppliers of telecommunication and web communication market. These advancements and breakthrough developments were designed and manifested at institutions such as: MIT, Harvard, Columbia, NASA, Cambridge, among others.
Today PhoneBrasil has obtained a resource standard enough to provide communication multimedia between points in more than 200 Countries, also to be inclusive in ships in (INMARSAT). With these products, plus eight new products still waiting to be launched, PhoneBrasil got its differentials into the market.
With the support and backing of the Brazilian Government as a whole in this mass communications project, and the A+ experience heading the company in this industry, the success of this company and its ability to connect the Latin American countries as it has never been done seems inevitable having partnerships with product manufacturers such as, Grandstream, and Innomidia.
PhoneBrasil has four primary business segments.
1.Wholesale/Retail minutes & traffic
2.City size WIFI/Broadband Platform
3.VOIP and Phone Card Sales
4.Government Contracts
Wholesale minutes being sold currently consist of $2mm per month. By September 1st 2007 PHBR should exceed $12.5mm per month in signed/active wholesale bundling agreements. Several customers are looking to increase their minutes & traffic substantially.
They will be going through a test period this month and when announced could increase revenues to 200mm for 3rd qtr 2007 to 3rd qtr 2008 just from PhoneBrasil's wholesale sector. Margins in this sector are expected to be 12-15%.PHBR has 3 other main sectors they generate revenue from and are rapidly expanding their market share in the Latin American Telecommunications Markets.
VOIP and Phone card sales enjoy a 15-20% margin and will start with a pilot program with a NASDAQ company for 40,000 cards distributed to 75 stores.
The initial stores will be in Atlanta and California . The VOIP sales in Brazil will start with the 3500 accounts previously referred to.
These accounts will account for $1.0 million in annual revenue. VOIP sales in the U.S. is expected to commence in Florida by Sept 1st, 2007. Margins should be approximately 14%.
Now, Anderson Dias, CEO of PhoneBrasil, is continuing his activities in this market after many offers from large communication conglomerates and State Governments to continue what they had started.
In September of 2006, Mr. Dias organized PhoneBrasil Telephony Voip Digital Inc. This company, residing in the State of Florida, has reached an agreement and has an open order with the Government of Brazil for the activation of up to 1,000,000 lines in 18 months. Profit margins are expected to be approximately 75%.
The Telecommunications market in Brazil is on the verge of becoming an international powerhouse in the VOIP industry using the internet to connect people. On average out of 26 states from either a land line, a cellular connection or the use of a calling card can cost up to $ 0.40 cents per minute to connect from State to State within the very Country itself. .
With the new Hybrid VOIP technology being integrated by PhoneBrasil, and the help of the Brazilian Government and internationally acclaimed companies specializing in the communications market, PhoneBrasil will be able to connect more families, business, and government officials than ever realized. VoIP lines are expected to grow at a compound annual growth rate (CAGR) of 103.1 percent due to the increase in the number of users of long distance voice communications, wider base of broadband subscribers, and the decreasing service prices. The broadband and Internet access services are also growing rapidly largely due to operators' campaigns to foster penetration among lower social classes of users .
Brazil's telecom industry is not one companies can simply enter on a whim it requires lengthy processes to enter the market as the regulators have the market highly restricted. PhoneBrasil having the right ties, connections, and contacts has received Brazilian Government Approval and licensing for a variety of priceless communication in the country.Therefore they have become a key playerand are rapidly expanding in a fast emerging market.
Brazil is ranked as the sixth most populous & number of line nation and has shown to be one of the most dominant emerging markets in the world today. There has been a rapid growth in the market for Voice over Internet Protocol (VoIP) services in Brazil. The number of cell phones is twice the number of fixed lines, and almost 80.5% is from prepaid subscribers. The large growth in Internet based services, along with the desire among the corporate market and consumers to cut telecommunications costs, will lead to a vast expansion in the market for VoIP services in Brazil in the upcoming years.It is also expected a great expansion in VoIP traffic for long distance services (ILD and DLD) for the next few years. This expansion, coupled with technology upgrades in the industry should lead to a surge in demand for newer VoIP equipment and services.
Brazilian Internet Usage, Broadband and Telecommunications Market Reports
Brazil - Convergence, Broadband and Internet Market Brazil dominates the Latin American Internet market in terms of user numbers. In terms of penetration, it occupies approximately the third place, behind Uruguay and Chile and slightly ahead of Argentina. Since 2002, Brazil has experienced a growing migration from dial-up to broadband. While virtually all cable TV companies offer cable modem services, ADSL is the access technology of choice, accounting for 84% of the country's broadband market. Convergence strategies are gaining popularity in Brazil. With the widespread development of VoIP, more and more companies are looking to incorporate Internet telephony with their broadband offerings. In October 2004, TV Cidade and TVA were the first Brazilian operators to adopt the triple play strategy, combining VoIP, broadband and pay TV services. Report Summary
Brazil - Mobile Operators Brazil is home to the largest mobile market in the region and, at 41.1%, it has the highest rate of mobile penetration in South America except for neighbouring Chile. The mobile panorama in Brazil has changed radically since 2001. From a plethora of small regional companies, the market has consolidated into nine operators, out of which four hold over 92% of the market. Brazil's four major mobile companies are: Vivo (Telefónica and Portugal Telecom), Claro (América Móvil), TIM Brasil (Telecom Italia Mobile) and Oi (Telemar). The latest market entrant is Brasil Telecom Celular, which launched GSM operations in September 2004. This report provides a brief profile of all Brazilian mobile operators accompanied by relevant statistics.
Company Officers
Anderson Alves Dias, CEO, President Patricia Maris Mendes, Dir., Secretary Dennis Curtis, Dir. Richard A. Grainer, Dir. Adriano Alves Dias Sobrinho, Exec. Dir.
Rudy Nutrition manufactures health conscious beverages in the United States. It also engages in creating and distributing sports drinks for corporate audiences, school children, university students, and professional athletes. The company sells its products in four flavours, such as Blue Fuel, Fruit Punch Blast, Citrus Slam, and Orange Lift. The company was founded in 2005 and is based in the Las Vegas, Nevada.
nrob Tech, Ltd., through its subsidiaries, provides engineering products and services for the maintenance of equipment, and the integration and production of advanced wireless control solutions for unmanned ground vehicle (UVR) robots for use in military and law enforcement applications. It offers remote control systems, complete robot systems, and customized solutions. The company also provides maintenance services for laboratory equipment, including testing and measurement equipment, temperature chambers, and x-ray equipment; industrial equipment, such as balance machinery, presses, cleaning equipment, and production lines; scientific and medical equipment, including spectrometry equipment, laser apparatuses, and analytical tools; closed circuit television systems, such as cameras, monitors, and traverse sensors; optical equipment, including cameras and boroscopes; command and control equipment, such as transmission and reception systems, control systems, and robots; audio equipment, including recording equipment, announcing systems, amplification systems, and sound systems; various other equipment, such as power generators, fail-safe products, projectors, and control rooms. In addition, it targets the civilian applications market, which includes solar powered equipment, as well as nuclear plant maintenance, inspection, and decommissioning; the demolition industry; and firefighting and rescue services. The company was founded in 1988 and is based in Las Vegas, Nevada.
Tanzanian Royalty Exploration Corporation engages in the acquisition and exploration of natural resource properties with a focus on gold properties in Tanzania. The company holds interests in various properties, including the Itetemia property, which consists of 8 prospecting licenses covering approximately 79 square kilometers; the Luhala property that comprises 6 prospecting licenses covering an area of approximately 74 square kilometers; the Lunguya property, which consists of 10 prospecting licenses covering approximately 297 square kilometers; and the Tulawaka project that consists of 9 prospecting licenses covering approximately 206 square kilometers. Tanzanian Royalty Exploration also has interests in 136 mineral resource properties in the Lake Victoria Greenstone Belt and Kabanga/Kagera Nickel Belt regions. In addition, it has royalty agreements with three industry partners covering 17 prospecting licences, including 1 prospecting licence under agreement with Barrick Gold Corporation; 5 prospecting licenses with MDN, Inc.; and 11 with Sloane Developments, Inc. Further, it has rights to acquire a 100% interest in the Ngobo and Sima prospecting licenses. The company was founded in 1990. It was formerly known as Tan Range Exploration Corporation in 1991 and changed its name to Tanzanian Royalty Exploration Corporation in 2006. The company is based in Surrey, Canada.
TRE last week as rumors again were of a big discovery to come. It did gain 10% for the week and on Friday just over its trend line and 50-day at $5.21. They did issue news but most of the run it seems was with the group as a whole.
http://suprastock.blogspot.com/2010/07/gold-stocks-declining-...http://suprastock.blogspot.com/ Barrick Gold Corporation (USA) (NYSE:ABX) lost 4.14% to $43.53 with over 4.57 million shares. So far this year, the stock has gained over 9%. The stock has a market capitalization of $42.86 billion. The stock has a 52-week low of $30.67. Barrick Gold Corporation is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper, and hold interests in oil and gas properties located in Canada.
The GDX Vectors Gold Miners renko 60-minure chart signaled a buy, this time not via the CCI but by the parabolic SAR moving back under the pattern. This did not get you out of the short with the maximum gain but still worked well for an automatic system.
USO the US oil fund made new highs on Friday. Many are hoping this it the 5th wave up which completes a move but if it is a 5th they can go a long time and with Elliot wave it is common to just renumber if the count does now work as planned. However the RSI, MCAD and Stochastics all show negative divergence at this time.
This chart also shows the parabolic steepness of the move in oil this year.
The monthly oil chart and our target at the top channel.
While oil is going up and the Iran war worries grow we see the Exxon Mobile stock, in orange. break below its trend line. Perhaps it is because demand is slowing so people expect less sales and profits regardless of price - and/or they expect the price to fall. The Olympic Games in China are in September and China has been subsidizing the price of oil to keep all looking good for the world show. It is possible that they will not continue this or to the same extend after the games are completed. If this happens demand will lesson and demand-destruction could develop more.
http://suprastock.blogspot.com/2010/06/4-stocks-and-etfs-for-...http://suprastock.blogspot.com/ United States Oil Fund LP (NYSE: USO), recent price $34.74 - This fund invests in various exchange-traded futures contracts for crude oil, heating oil, gasoline and other petroleum products, as well as options and forward contracts, seeking to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light sweet crude oil. The fund's expense ratio of 0.78% is below the average for funds of this type. The fund has $2.15 billion in assets and the 52-week price range has been $30.93 to $42.19.
Analysts' Recommendation: Sell 30 Days Ago: Hold ndyMac Bancorp, Inc. operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank that provides mortgage products and services in the United States. It operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages. This segment also originates or purchases mortgage loans through its relationships with mortgage brokers, mortgage bankers, and financial institutions, as well as offers mortgages and reverse mortgages to consumers through direct mails, Internet leads, online advertising, affinity relationships, retail banking branches, and real estate professionals. The Thrift segment offers single-family residential mortgage loans, as well as provides construction financing for individual consumers for building a primary residence or second home. As of December 31, 2007, the bank operated through a network of 33 branches in southern California. The company was founded in 1985 and is headquartered in Pasadena, California.
Hermes Financial, Inc. does not have significant operations. It intends to identify and evaluate opportunities for the acquisition of an interest in properties, corporations, assets, or businesses with a view to complete a qualifying transaction. The company was founded in 2006 and is based in Canmore, Canada.
Chemical and Mining Company of Chile, Inc. engages in the production and distribution of potassium nitrate, iodine, and lithium carbonate worldwide. The company also produces other specialty plant nutrition products, including potassium nitrate, sodium nitrate, sodium potassium nitrate, potassium sulfate, and specialty blends; iodine and lithium derivatives; and certain industrial chemicals, including industrial nitrates. The specialty plant nutrients are used in solid or liquid form primarily on crops, such as fruits, vegetables, industrial crops, cereals, and cotton. The company’s iodine and iodine derivatives are used in a range of medical, pharmaceutical, agricultural, and industrial applications, including x-ray contrast media, antiseptics, biocides, and disinfectants; and lithium carbonate is used in various applications, which consist of batteries, frits for the ceramic and enamel industries, heat resistant glass, primary aluminum, lithium bromine for air conditioner equipment, continuous casting powder for steel extrusion, pharmaceuticals, and lithium derivatives. Its industrial chemicals include sodium nitrate, potassium nitrate, boric acid, and potassium chloride, which are used primarily in the production of glass, explosives, charcoal briquettes, and metal treatment. The company's other products comprise potassium chloride and other commodity fertilizers. As of December 31 2007, it held exploration rights or exploitation rights to mineral resources representing approximately 1,675,000 hectares in Caliche Ore Mines; and had 4 mines covering an area of approximately 597,731 hectares. Chemical and Mining Company of Chile also held rights to exploit the mineral resources in an area covering approximately 197,000 hectares of land in the Salar de Atacama in northern Chile. The company was founded in 1968 and is headquartered in Santiago, Chile.
Clear Channel Communications, Inc. operates as a diversified media company in the United States and internationally. The company’s Radio Broadcasting segment owns 717 core radio stations and 28 non-core radio stations that offer an assortment of programming formats, including adult contemporary, country, contemporary hit radio, rock, urban, and oldies to a total weekly listening base of approximately 93 million individuals in the United States. This segment also operates a national radio network that produces, distributes, or represents approximately 70 syndicated radio programs and services for approximately 5,000 radio stations; and owns various sports, news, and agriculture networks. Its Americas Outdoor Advertising segment owns or operates approximately 209,000 displays consisting of billboards, street furniture and transit displays, airport displays, mall displays, and wallscapes, and other spectaculars in the United States. The company’s International Outdoor Advertising segment owns or operates approximately 687,000 displays in approximately 50 countries, which consist of billboards, street furniture displays, transit displays, and other out-of-home advertising displays in Africa, Asia, Australia, and Europe. Clear Channel Communications, Inc. also involves in media representation business that sells spot advertising time for clients in the radio and television industries in the United States. The company was founded in 1972 and is headquartered in San Antonio, Texas.
Edwards Lifesciences Corporation provides products and technologies designed to treat cardiovascular diseases. It focuses primarily on heart valve disease, peripheral vascular disease, and critical care technologies. The company offers tissue heart valves, such as pericardial and porcine valves, as well as repair products, including annuloplasty rings and systems, which are used to replace or repair a patient’s diseased or defective heart valve. It also provides hemodynamic monitoring equipment that is used to measure a patient’s heart function in surgical and intensive care settings; and disposable pressure transducers, and central venous access products for fluid and drug delivery. In addition, the company offers cardiac surgery system products, including cannula, intra-aortic filtration systems, and other disposable products used during cardiopulmonary bypass procedures; and vascular products that include balloon-tipped and catheter-based embolectomy products, surgical clips and clamps, and balloon-expandable and self-expanding non-coronary stents used in the treatment of peripheral vascular disease. Edwards Lifesciences distributes its products through a direct sales force and independent distributors worldwide. The company was founded in 1999 and is headquartered in Irvine, California. Edwards Lifesciences Corp. (NYSE:EW) operates independently of Baxter International Inc. as of March 31, 2000.
Northrop Grumman Corporation provides products, services, and solutions in information and services, aerospace, electronics, and shipbuilding to the military, government, and commercial customers in the United States. Information and Services business provides command, control, communications, intelligence, surveillance, and reconnaissance support to the various branches of the U.S. Department of Defense (DoD) and the Intelligence Community; supports the Air Force Intercontinental Ballistic Missile Program, the U.S. Ballistic Missile Defense System, the Missile Defense Integration Operations Center, and the Kinetic Energy Interceptors program; and provides IT systems, services, and solutions to the U.S. Intelligence Community, federal civilian agencies, state and local agencies, commercial customers, the DoD, the Office of the Secretary of Defense, and the Unified Combatant Commands. It also offers infrastructure management and maintenance, training and preparedness, and logistics and life cycle management services. Aerospace business designs, develops, produces, and supports integrated systems and subsystems in the areas of battle space awareness, command and control systems, integrated combat systems, and airborne ground surveillance; and develops various systems in the areas of space, defense, and electronics technology primarily for the U.S. Government. Electronics business develops, produces, integrates, and supports sensors, intelligence processing, and navigation systems; and power, power control, and ship control systems for commercial and naval ships, as well as performs as a prime contractor and integrating multiple subsystems. Ships business designs, builds, and refuels nuclear-powered aircraft carriers, amphibious assault ships, surface combatants, and nuclear-powered submarines. It also provides after-market services; and produces double-hulled crude oil tankers. The company was founded in 1939 and is based in Los Angeles, California.
The investor is willing to take risks to achieve high returns from portfolio. Investor's holding consists of speculative stocks that will produce massive gains or losses and/or the trading strategy is focused more on short term profits rather than long term appreciation
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