5 Penny Stocks in the News today NTRO, NXWI, SNWT, LMCO & MFLI
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(Point Roberts, WA - CHARTPOPPERS.COM, May 18, 2010 ) Chartpoppers.com ANNOUNCES : (OTCBB: NTRO Nitro Petroleum Inc.), (OTCBB: NXWI Nexaira Wireless Inc.), (OTCBB: SNWT San West Inc.), Li-ion Motors Corp. (OTCBB:LMCO) & Muscle Flex Inc. (Pink Sheets:MFLI)
Visit us at http://www.chartpoppers.com and sign up for our Free Profiles & Alerts
Email us at: info@chartpoppers.com
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(OTCBB: NTRO Nitro Petroleum Inc.).
LATEST NEWS!!
OKLAHOMA CITY, OKLAHOMA, May 17, 2010-- Nitro Petroleum Incorporated (OTCBB: NTRO) is pleased to announce an engineering update on the first two wells in regard to the current enhancement program. The Quinlan #1, Quinlan #2, and Quinlan #3 wells are located in the Northeast Shawnee Field in Pottawatomie County, Oklahoma. Nitro is the operator on this field and chose to upgrade these 3 wells first which includes re-works on mechanical equipment down hole and chemical treatments which will happen within the next thirty days on the Quinlan #1 and Quinlan #2 wells. This work should result in a significant increase of daily production rates. In addition, Nitro's engineering department advises that the Viola Limestone is behind pipe in the Quinlan #3 well which should be re-equipped and put online within the next thirty days for new production. The company is actively seeking further Oil & Gas opportunities and is in negotiations on several projects subject to due diligence.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: NXWI Nexaira Wireless Inc.)
LATEST NEWS!!
SAN DIEGO, May 17, 2010 -- Nexaira Wireless Inc. ("Nexaira") (OTCBB: NXWI) is pleased to announce that Nectar Services Corp. ("Nectar"), a wholly owned subsidiary of Juma Technology Corp. (OTCBB: JUMT), has chosen Nexaira's firmware operating system, ("Nexware(SM)"), to develop a wireless network management solution for Nectar's enterprise customers.
Utilizing Nexware(SM), Nectar intends to create a robust and scalable enterprise wireless network management platform to improve operational capabilities and availability while reducing costs for Nectar's enterprise customers. Nectar, a leading software firm specializing in IP communications and managed services, selected Nexaira to assist in developing the "Nectar Converged Management Platform."
"We chose Nexaira because of their extensive knowledge in leveraging the speed, reliability and security of wireless networks to provide business class applications. Unlike other vendors, Nexaira developed its own architecture, operating system and user interface, allowing us to customize the application to meet the specific needs of our customers," said Anthony Servidio, Chairman and CEO of Juma Technology.
Nexaira's wireless 3G/4G routing architecture will be integrated with the Nectar Converged Management Platform to provide business customers with alternate network routing and/or network wireline bypass for provisioning, activation and maintenance of business customer telecommunication networks. Nectar intends to launch the service in August of 2010.
"We are looking forward to completing the modeling, testing and deployment phases of this relationship. Further, we look forward to identifying other business opportunities in which Nexaira solutions can be applied to other Juma/ Nectar business customer needs," added Mr. Servidio.
Nexaira's Nexware(SM) was selected because its business class features provide reliability, security and advanced management capability, bridging the gap between traditional wireline management systems with CLI and SSH as well as wireless management systems with Open Mobile Alliance Device Management (OMA-DM).
Bob Young, Executive Vice President of Business Development for Nexaira, noted, "We are delighted to have been chosen by Juma/ Nectar for their Nectar Converged Management Platform. We see this as yet another example of the many wireless business applications that leverage our proprietary architecture. I am confident that by working together we will be able to achieve the objectives of improved operational capabilities and availability while reducing costs for their customers."
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: SNWT San West Inc.)
LATEST NEWS!!
SANTEE, CA, May 17, 2010 -- San West, Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry and operator of the industry leading On Road Vehicle portal, today reported financial results for its first quarter of 2010, the period ended March 31, 2010 and provided guidance for expected second quarter 2010 results.
Operational and Corporate Highlights
-- www.CountyImports.com introduced a new motorized scooter, a 300cc
Chariot, with best-in-class power and unprecedented range targeted to
the mass market. The 300cc Chariot attracts a full spectrum of riders
and generates enough power to literally drive across the United States
at speeds of 100 miles per hour with 80 mile per gallon efficiency. To
complement the power and environmentally favorable performance, all
49cc-300cc Trikes sold by CountyImports.com -- including the 300cc
Chariot -- are equipped with a fully automatic CVT power train and
reverse-drive capabilities.
-- The Company announced significant improvements to a number of key
business metrics pertaining to efficiency of the online advertising
strategy employed by partner website, www.CountyImports.com. The
keyword marketing overhaul campaign, launched in early February and
announced March 4, 2010, has rapidly transformed www.CountyImports.com
into the leading online on and off-road vehicle (ORV) dealer with
regard to "natural" or "organic" web traffic, driving a record flow of
free, highly-targeted web traffic to the website, and in turn
facilitating a 37% decrease in overall online advertising costs
compared to both 2008 and 2009, the two most lucrative years in the
website's history.
-- San West and Buggy World awarded a custom Buggy World "Truggy" to
Solana Beach resident Kim Thompson at the KSON 97.3 and 92.1 FM
CountryFest on May 1, 2010 at the Lakeside Rodeo Grounds in Lakeside,
Calif.
-- The Company announced that management is now aggressively searching for
a new Orange County, CA retail location to focus primarily on further
accelerating sales of San West's burgeoning motorized scooter
offerings, as well as its traditional selection of high performance
buggies. San West, Inc. management is now in the final stages of
negotiations with a number of prime locations and intends to announce
an agreement within the next 30 to 90 days.
First Quarter Financial Results
The Company reported revenues for the first quarter of $493,615, an increase of 175.1% compared to revenue of $179,423 for the first quarter of 2009. This represents the highest sales for any first quarter in San West's history. Gross profit for the quarter was $135,492, or 27.4% gross profit margin, compared sequentially with gross profit margin of $111,641, or 22.3% for the fourth quarter of 2009 and compared to gross profit of $65,544 or 36.5% gross profit margin for the first quarter of 2009. Total operating expenses were $924,422, an increase compared to $215,547 for the three months ended March 31, 2009. The increase in expense is mainly due to the recognition of $642,175 in non-cash stock compensation primarily related to our new director, Jesse Gonzales, receiving five million shares of restricted common stock valued at $467,500 and other stock compensation expenses. Excluding stock compensation, SG&A was $282,267, or 31.0% higher than the first quarter of 2009. Net loss for the quarter was $(952,404), or ($0.01) per share, compared to a net loss of $160,154, or ($0.00) per share, for the first quarter last year.
"This was a strong start to what we believe will be a record 2010, including the highest sales volume in any first quarter in our company's history," commented Frank Drechsler, President and CEO of San West, Inc. "We exceeded our guidance for the first quarter of the year, a quarter that is typically seasonally lower than other periods, and our efforts to attract natural traffic to our online properties is continuing to result in higher conversion rates, more revenue per sales, and repeat customers. We continue to believe that as we execute our strategic plan, the advertising adjustments, combined with our search engine optimization and marketing strategies, will result in significant growth in our online revenues. In addition, our efforts to bolster our retail, brick-and-mortar presence in Southern California, should benefit our financial results as well."
Outlook
For the second quarter ended June 30, 2010, management expects revenue of at least $1 million, which would be the highest revenues in San West history.
Mr. Drechsler concluded, "San West and CountyImports.com management continue to be excited about the future. As we move into the seasonally stronger part of our fiscal year, coinciding with the start of the ORV season, we are well positioned as a recognized leader in the ORV industry. Our efforts to bolster our online properties and reduce our customer acquisition costs position us for success in the future, and we continue to believe 2010 will be a record year for San West."
------------------------------------------------------------------------------------------------------------------------------------------------------------
Li-ion Motors Corp. (OTCBB:LMCO)
LATEST NEWS!!
MOORESVILLE, N.C., May 17, 2010-- Li-ion Motors Corp. (OTCBB:LMCO) 21st Century Design & Engineering of emission-free automotive propulsion systems using the latest lithium-ion battery technology, announces that it has passed the extremely detailed mechanical, electrical, safety and vehicle design inspections covering hundreds of points, and is advancing to the driving stages of the shakedown event of the Progressive Automobile X-Prize.
LMCO's electric car passed tests including zero to 60 mph with a minimum time reached. The next was 0 mph to 60 mph back to 0 mph to test acceleration and braking. The third was emergency lane changing maneuvers without the use of brakes. The final tests for the shakedown were an efficiency run and durability run.
The competition began with 111 registered teams. After 4 rounds, Li-ion Motors' lithium-powered vehicle remains, as one of 22 teams vying for their share of the $10 million prize. The next phase starting June 16th and running thru June 27th will be held at Michigan International Speedway. This full knockout stage is designed to narrow the field to the finalists going into the following phase of the competition to be held in July.
FORWARD-LOOKING STATEMENT: This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.
------------------------------------------------------------------------------------------------------------------------------------------------------------
Muscle Flex Inc. (Pink Sheets:MFLI)
LATEST NEWS!!
LOS ANGELES, May 17, 2010 -- BRAVADA Muscle Flex Inc. (Pink Sheets:MFLI) announced today that it has released the Official BRAVADA Launch Party Video with Host Kim Kardashian, CEO of BRAVADA Danny Alex, Kris Jenner and more, as part of its national BRAVADA(TM) brand development and online promotional campaign heading into the opening of its flagship BRAVADA retail location.
The Official BRAVADA Launch Party video can be seen at www.YouTube.com/BravadaTV
The BRAVADA Official Launch Party was held April 7, 2010 at the Whisper Lounge in The Grove in Los Angeles. This high impact video is intended to further solidify BRAVADA as a high quality and respected retailer of women's sportswear and activewear, women's yoga apparel as well as fitness and athletic apparel and will be used for online viral promotion. BRAVADA regards its launch party with Kim Kardashian as the single most effective marketing, awareness and promotional event it has done so far. Additional BRAVADA events are planned to further place BRAVADA as a name synonymous with high end women's fitness clothing and products.
Kim Kardashian partnered with BRAVADA Muscle Flex to promote and endorse its sassy Muscle Flex VATA Brasil Women's Sports and Activewear Collection which shall be its main product offering at its flagship retail location opening June 1, on Robertson Blvd in Los Angeles.
**************************************************************************************************
About Chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of whats going on in the markets, were sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments
Visit us at http://www.chartpoppers.com and sign up for our Free Profiles & Alerts
Email us at: info@chartpoppers.com
**************************************************************************************************
(OTCBB: NTRO Nitro Petroleum Inc.).
LATEST NEWS!!
OKLAHOMA CITY, OKLAHOMA, May 17, 2010-- Nitro Petroleum Incorporated (OTCBB: NTRO) is pleased to announce an engineering update on the first two wells in regard to the current enhancement program. The Quinlan #1, Quinlan #2, and Quinlan #3 wells are located in the Northeast Shawnee Field in Pottawatomie County, Oklahoma. Nitro is the operator on this field and chose to upgrade these 3 wells first which includes re-works on mechanical equipment down hole and chemical treatments which will happen within the next thirty days on the Quinlan #1 and Quinlan #2 wells. This work should result in a significant increase of daily production rates. In addition, Nitro's engineering department advises that the Viola Limestone is behind pipe in the Quinlan #3 well which should be re-equipped and put online within the next thirty days for new production. The company is actively seeking further Oil & Gas opportunities and is in negotiations on several projects subject to due diligence.
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: NXWI Nexaira Wireless Inc.)
LATEST NEWS!!
SAN DIEGO, May 17, 2010 -- Nexaira Wireless Inc. ("Nexaira") (OTCBB: NXWI) is pleased to announce that Nectar Services Corp. ("Nectar"), a wholly owned subsidiary of Juma Technology Corp. (OTCBB: JUMT), has chosen Nexaira's firmware operating system, ("Nexware(SM)"), to develop a wireless network management solution for Nectar's enterprise customers.
Utilizing Nexware(SM), Nectar intends to create a robust and scalable enterprise wireless network management platform to improve operational capabilities and availability while reducing costs for Nectar's enterprise customers. Nectar, a leading software firm specializing in IP communications and managed services, selected Nexaira to assist in developing the "Nectar Converged Management Platform."
"We chose Nexaira because of their extensive knowledge in leveraging the speed, reliability and security of wireless networks to provide business class applications. Unlike other vendors, Nexaira developed its own architecture, operating system and user interface, allowing us to customize the application to meet the specific needs of our customers," said Anthony Servidio, Chairman and CEO of Juma Technology.
Nexaira's wireless 3G/4G routing architecture will be integrated with the Nectar Converged Management Platform to provide business customers with alternate network routing and/or network wireline bypass for provisioning, activation and maintenance of business customer telecommunication networks. Nectar intends to launch the service in August of 2010.
"We are looking forward to completing the modeling, testing and deployment phases of this relationship. Further, we look forward to identifying other business opportunities in which Nexaira solutions can be applied to other Juma/ Nectar business customer needs," added Mr. Servidio.
Nexaira's Nexware(SM) was selected because its business class features provide reliability, security and advanced management capability, bridging the gap between traditional wireline management systems with CLI and SSH as well as wireless management systems with Open Mobile Alliance Device Management (OMA-DM).
Bob Young, Executive Vice President of Business Development for Nexaira, noted, "We are delighted to have been chosen by Juma/ Nectar for their Nectar Converged Management Platform. We see this as yet another example of the many wireless business applications that leverage our proprietary architecture. I am confident that by working together we will be able to achieve the objectives of improved operational capabilities and availability while reducing costs for their customers."
------------------------------------------------------------------------------------------------------------------------------------------------------------
(OTCBB: SNWT San West Inc.)
LATEST NEWS!!
SANTEE, CA, May 17, 2010 -- San West, Inc. (OTCBB: SNWT), an emerging leader in the off-road vehicle (ORV) industry and operator of the industry leading On Road Vehicle portal, today reported financial results for its first quarter of 2010, the period ended March 31, 2010 and provided guidance for expected second quarter 2010 results.
Operational and Corporate Highlights
-- www.CountyImports.com introduced a new motorized scooter, a 300cc
Chariot, with best-in-class power and unprecedented range targeted to
the mass market. The 300cc Chariot attracts a full spectrum of riders
and generates enough power to literally drive across the United States
at speeds of 100 miles per hour with 80 mile per gallon efficiency. To
complement the power and environmentally favorable performance, all
49cc-300cc Trikes sold by CountyImports.com -- including the 300cc
Chariot -- are equipped with a fully automatic CVT power train and
reverse-drive capabilities.
-- The Company announced significant improvements to a number of key
business metrics pertaining to efficiency of the online advertising
strategy employed by partner website, www.CountyImports.com. The
keyword marketing overhaul campaign, launched in early February and
announced March 4, 2010, has rapidly transformed www.CountyImports.com
into the leading online on and off-road vehicle (ORV) dealer with
regard to "natural" or "organic" web traffic, driving a record flow of
free, highly-targeted web traffic to the website, and in turn
facilitating a 37% decrease in overall online advertising costs
compared to both 2008 and 2009, the two most lucrative years in the
website's history.
-- San West and Buggy World awarded a custom Buggy World "Truggy" to
Solana Beach resident Kim Thompson at the KSON 97.3 and 92.1 FM
CountryFest on May 1, 2010 at the Lakeside Rodeo Grounds in Lakeside,
Calif.
-- The Company announced that management is now aggressively searching for
a new Orange County, CA retail location to focus primarily on further
accelerating sales of San West's burgeoning motorized scooter
offerings, as well as its traditional selection of high performance
buggies. San West, Inc. management is now in the final stages of
negotiations with a number of prime locations and intends to announce
an agreement within the next 30 to 90 days.
First Quarter Financial Results
The Company reported revenues for the first quarter of $493,615, an increase of 175.1% compared to revenue of $179,423 for the first quarter of 2009. This represents the highest sales for any first quarter in San West's history. Gross profit for the quarter was $135,492, or 27.4% gross profit margin, compared sequentially with gross profit margin of $111,641, or 22.3% for the fourth quarter of 2009 and compared to gross profit of $65,544 or 36.5% gross profit margin for the first quarter of 2009. Total operating expenses were $924,422, an increase compared to $215,547 for the three months ended March 31, 2009. The increase in expense is mainly due to the recognition of $642,175 in non-cash stock compensation primarily related to our new director, Jesse Gonzales, receiving five million shares of restricted common stock valued at $467,500 and other stock compensation expenses. Excluding stock compensation, SG&A was $282,267, or 31.0% higher than the first quarter of 2009. Net loss for the quarter was $(952,404), or ($0.01) per share, compared to a net loss of $160,154, or ($0.00) per share, for the first quarter last year.
"This was a strong start to what we believe will be a record 2010, including the highest sales volume in any first quarter in our company's history," commented Frank Drechsler, President and CEO of San West, Inc. "We exceeded our guidance for the first quarter of the year, a quarter that is typically seasonally lower than other periods, and our efforts to attract natural traffic to our online properties is continuing to result in higher conversion rates, more revenue per sales, and repeat customers. We continue to believe that as we execute our strategic plan, the advertising adjustments, combined with our search engine optimization and marketing strategies, will result in significant growth in our online revenues. In addition, our efforts to bolster our retail, brick-and-mortar presence in Southern California, should benefit our financial results as well."
Outlook
For the second quarter ended June 30, 2010, management expects revenue of at least $1 million, which would be the highest revenues in San West history.
Mr. Drechsler concluded, "San West and CountyImports.com management continue to be excited about the future. As we move into the seasonally stronger part of our fiscal year, coinciding with the start of the ORV season, we are well positioned as a recognized leader in the ORV industry. Our efforts to bolster our online properties and reduce our customer acquisition costs position us for success in the future, and we continue to believe 2010 will be a record year for San West."
------------------------------------------------------------------------------------------------------------------------------------------------------------
Li-ion Motors Corp. (OTCBB:LMCO)
LATEST NEWS!!
MOORESVILLE, N.C., May 17, 2010-- Li-ion Motors Corp. (OTCBB:LMCO) 21st Century Design & Engineering of emission-free automotive propulsion systems using the latest lithium-ion battery technology, announces that it has passed the extremely detailed mechanical, electrical, safety and vehicle design inspections covering hundreds of points, and is advancing to the driving stages of the shakedown event of the Progressive Automobile X-Prize.
LMCO's electric car passed tests including zero to 60 mph with a minimum time reached. The next was 0 mph to 60 mph back to 0 mph to test acceleration and braking. The third was emergency lane changing maneuvers without the use of brakes. The final tests for the shakedown were an efficiency run and durability run.
The competition began with 111 registered teams. After 4 rounds, Li-ion Motors' lithium-powered vehicle remains, as one of 22 teams vying for their share of the $10 million prize. The next phase starting June 16th and running thru June 27th will be held at Michigan International Speedway. This full knockout stage is designed to narrow the field to the finalists going into the following phase of the competition to be held in July.
FORWARD-LOOKING STATEMENT: This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.
------------------------------------------------------------------------------------------------------------------------------------------------------------
Muscle Flex Inc. (Pink Sheets:MFLI)
LATEST NEWS!!
LOS ANGELES, May 17, 2010 -- BRAVADA Muscle Flex Inc. (Pink Sheets:MFLI) announced today that it has released the Official BRAVADA Launch Party Video with Host Kim Kardashian, CEO of BRAVADA Danny Alex, Kris Jenner and more, as part of its national BRAVADA(TM) brand development and online promotional campaign heading into the opening of its flagship BRAVADA retail location.
The Official BRAVADA Launch Party video can be seen at www.YouTube.com/BravadaTV
The BRAVADA Official Launch Party was held April 7, 2010 at the Whisper Lounge in The Grove in Los Angeles. This high impact video is intended to further solidify BRAVADA as a high quality and respected retailer of women's sportswear and activewear, women's yoga apparel as well as fitness and athletic apparel and will be used for online viral promotion. BRAVADA regards its launch party with Kim Kardashian as the single most effective marketing, awareness and promotional event it has done so far. Additional BRAVADA events are planned to further place BRAVADA as a name synonymous with high end women's fitness clothing and products.
Kim Kardashian partnered with BRAVADA Muscle Flex to promote and endorse its sassy Muscle Flex VATA Brasil Women's Sports and Activewear Collection which shall be its main product offering at its flagship retail location opening June 1, on Robertson Blvd in Los Angeles.
**************************************************************************************************
About Chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of whats going on in the markets, were sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments
Contact Information:
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
