These stocks have high probability of potential breakout: SSY, GLCR, SKUL, VVTV
Stock watch List for 03/11/2013, BCCI, GETG, PIP, BRD, OXBT and more at Daily Stock Deals.
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SEATTLE, March 6, 2013 /PRNewswire/ — Baristas Coffee Company, Inc. (BCCI), a fast growing U.S. based beverage and branded products company, has today announced that it has completed all requirements and that its application to receive a symbol to be traded on the NASDAQ Capital Market has been approved. The symbol issued to Baristas Coffee Company is (NASDAQ:BAPI).
Baristas will continue to trade under the symbol OTCPK:BCCI throughout the application process and comment periods until such time as it completes its up listing and begins to trade on the NASDAQ Capital Markets at which time it will trade under the newly reserved symbol NASDAQ:BAPI.
The companies that are listed on NASDAQ Capital Market need to satisfy all the required qualifications for NASDAQ securities in Rule 4300. The companies also need to adhere to the corporate governance standards set by NASDAQ.
The NASDAQ Capital Market provides companies the required capital in order to grow their business. The NASDAQ Capital Market also provides a listing venue that promises to accommodate the different stages of corporate lives of the companies.
Barry Henthorn CEO commented; “This is an important step in the process of BCCI moving from the OTC to the NASDAQ Capital Market. We have worked diligently in conjunction with our advisors in order to be in a position to take this step and will continue to do so throughout the application, comments and approval process. We are committed to providing our investors transparency and oversight as we continue to develop and expand our business. We are confident that we will be able to meet all of the listing requirements to begin trading in a reasonable timeframe.”
About Baristas Coffee Company (BCCI): Headquartered in the Seattle, Washington area, Baristas Coffee Company, Inc. was formed to create a national brand of drive-thru espresso stands. BCCI is accomplishing this by acquiring established businesses that fit its model, opening new locations, and by franchising. Baristas has separated itself from the competition with its “theme” of joining attractive female baristas in entertaining costumes preparing the finest beverages available on the market. Baristas can currently be found in six greater Seattle area locations as well as in Texas, Florida, Arizona, and Montana. Your state, Coming Soon!
For more information on this fascinating concept please visit us at www.baristas.tv
Source: the company, OxBridge Research
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INDIANAPOLIS, IN–(Marketwire – Mar 5, 2013) – Stevia Corp. ( OTCQB : STEV ) (“Stevia Corp” or the “Company”), a farm management company focused on the economic development of stevia, the fastest growing product in the alternative sweetener sector, is pleased to announce that the first major crop harvest in Vietnam is on track and on schedule.
As previously announced, Stevia Corp anticipates its current crop harvest in Vietnam to generate in excess of USD$2 million in revenues from more than 1,000 tons of harvest. Current field reports indicate that the projected harvest expectations will easily be met.
George Blankenbaker, Stevia Corp President, comments, “Based on early test field results and current field crop conditions, we anticipate a strong harvest during March, April and May.”
Expansion of the current model is planned in August and the Company intends to increase production by a factor of 5 times by next spring subject to adequate capital.
Mr. Blankenbaker adds, “We have already established the infrastructure to support our projected growth and we have farmers on a waiting list to participate in our program. Our major advantage is that proficient farmers are able to more than double their income by participating in our program. This creates a ripple effect of support and enthusiasm from all parties involved, making it much easier to manage high growth expansion.”
Additional revenue is expected to be generated from the sale of the Company’s proprietary products formulated with stevia extracts, probiotics and enzymes. More than 100 farm operators have tested the products with excellent results and the Company is now making the products commercially available for sale under license.
Mr. Blankenbaker concludes, “Our farm management model will generate the quickest path to profitability and near-term growth, but long-term there is significant opportunity to leverage our technology and increase revenue and margins and build brand value from our growing portfolio of proprietary products.”
Further details of the Company’s business, finances, appointments and agreements can be found as part of the Company’s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission’s (“SEC”) EDGAR database. For more information visit: www.steviacorp.us.
About Stevia Corp. ( OTCQB : STEV )
Stevia Corp. is a farm management company focused on best practice agronomic competency in order to deliver high-value stevia through proprietary plant breeding, excellent agricultural methodologies and innovative post-harvest techniques. To date, the Company has acquired two grower supply contracts and three nursery fields in Vietnam. For more information visit: www.steviacorp.us.
About the Stevia Industry Sector
Within two years of the USA market opening, Nielsen-based retail consumption data indicated almost $1 billion of retail sales for the sector. In 2010, stevia products were launched across thirty-five countries and in 38 categories. Zenith International estimates worldwide sales of stevia extract reached 3,500 tons in 2010 with an overall market value of $285 million and forecasts the global market for stevia will reach 11,000 tons by 2014 requiring the tripling of stevia leaf production at the farm level to keep pace with consumer demand. For more information visit: www.steviacorp.us.
Source: the company, OxBridge Research
Solar downstream is going mainstream as more residential and corporate customers, specially in California and New Jersey, are re-powering the Grid. Federal and State subsidies and the new marketing/financing strategies are paying off.
Ironically most solar customers, however, will stay on the old Grid. The total installed base in the United States is still under 2%, so, the Solar Power has a lot of room to grow, large companies like Solar City, SCTY and Sun Power, SPWR are poised to benefit from the huge upsurge in demand.
Our Top 8 solar picks:-
YGE, JASO, TSL, HSOL, LDK, CSIQ, CSUN, SOL
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| HIMX | OCLR | TSON | STSI | LEDS | BLDP | DYAX | PPHM | ANTH | GTAT |
|---|---|---|---|---|---|---|---|---|---|
| 18.02% | -2.50% | 2.27% | 7.61% | 22.00% | 14.38% | 19.57% | 3.97% | 8.58% | 2.64% |
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In the latest blow to Switzerland’s centuries-old banking practices, the country’s oldest bank pleaded guilty to a criminal conspiracy charge in the U.S. on Thursday and admitted that it helped wealthy Americans for years avoid tens of millions of dollars in taxes by hiding their income from secret accounts abroad.
Wegelin & Co., founded in 1741, is the latest Swiss bank to reach a deal with U.S. prosecutors as they crack down on Americans who kept their money in secret accounts overseas and the entities which helped them. Three Wegelin bankers also were charged criminally in the U.S. last year.
Getty ImagesWegelin & Co., founded in 1741, plans to shut after the matter is closed.
However, the private bank, which plans to close its doors once the matter wraps up, is the first to plead guilty to a criminal charge in the U.S. government’s probe.
The broad investigation, which began in 2008, has set off tensions between the U.S. and Switzerland over its bank secrecy laws. U.S. authorities have pressured the Swiss for the names of Americans with Swiss accounts.
Meanwhile, Swiss authorities last year gave banks permission to provide some information to U.S. authorities. They have since been hoping to reach a sweeping settlement with the U.S. that would address handing over information about Swiss accounts to the U.S. and the U.S. taxing of assets held in Switzerland.
Otto Bruderer, Wegelin’s managing partner, entered a guilty plea on the bank’s behalf at a hearing in Manhattan federal court on Thursday and said the bank, between 2002 and 2010, knew U.S. taxpayers maintained secret accounts at Wegelin in order to evade U.S. taxes.
“Wegelin was aware that this conduct was wrong,” Mr. Bruderer said during the hearing. “However, Wegelin believed that, as a practical matter, it would not be prosecuted in the United States for this conduct because it had no branches or offices in the United States and because of its understanding that it acted in accordance with, and not in violation of, Swiss law and that such conduct was common in the Swiss banking industry.”
As part of its plea, Wegelin, based in St. Gallen, Switzerland, agreed to forfeit $15.8 million and give up another $20 million representing the amount of taxes avoided as a result of its conduct. The bank also faces a fine of between $14.7 million and $29.4 million.
Sentencing is set for March 4.
In court documents, the U.S. claimed that Wegelin “deliberately set out” to capture illegal banking business lost by UBS AG UBSN.VX +2.71% and another, unnamed Swiss bank after the U.S. began investigating their operations in 2008 and in 2009. UBS and the other bank have since stopped servicing undeclared Swiss accounts, according to prosecutors.
UBS entered a deferred prosecution agreement in 2009, in which it admitted to conspiring to defraud the U.S. government out of billions of dollars in taxes and avoided criminal charges. As part of the agreement, UBS turned over the names of more than 4,000 U.S. account holders and paid a $780 million fine.
The U.S. claimed that more than $1.2 billion was hidden by Wegelin from tax authorities in undeclared accounts overseas.
The bank allowed some U.S. clients to open accounts using code names or numbers in order to minimize references to their real names, prosecutors said.
Bankers also opened accounts in the name of offshore sham corporations and foundations in order to avoid detection, including entities formed under the laws of Liechtenstein, Panama and Hong Kong, prosecutors said.
Wegelin bankers went to great lengths to hide transactions, including communicating with U.S. taxpayers using their personal email accounts and avoided mailing account statements, prosecutors said.
One unnamed client traveling to Africa on safari allegedly sent an envelope with a single piece of paper on which the client had written only the amount of money needed pay for the safari, approximately $37,000, prosecutors said.
Wegelin sold its non-U.S. operations to Swiss retail bank Raiffeisen in January 2011 in a bid to protect its assets from charges it had helped U.S. clients avoid paying taxes.
courtesy: wsj.com, OxBridge Research
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Shares jumped 7.1% to $4.86 after-hours after tumbling in regular session trading.
Groupon’s shares drop after earnings results, bringing new pressure to CEO Andrew Mason. Will the board move to drop him? Drew FitzGerald joins digits. Photo: Getty Images.
The company named Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis to the newly created office of the chief executive to serve in this role on an interim basis.
“On behalf of the entire Groupon Board, I want to thank Andrew for his leadership, his creativity and his deep loyalty to Groupon. As a founder, Andrew helped invent the daily deals space, leading Groupon to become one of the fastest growing companies in history,” Mr. Lefkofsky said Thursday.
Groupon lost more than a fifth of its value earlier in the day after reporting another disappointing quarterly loss that renewed questions about the daily-deals site’s aggressive growth strategy and expansion into the direct-sales business.
Losses from the Chicago-based company, which helps to arrange discount offers with local merchants, reached $81.1 million in the fourth quarter, wider than its $65.4 million loss a year earlier. Results were hurt by international challenges and the deteriorating profitability of its businesses, particularly the one that sells merchandise directly to customers, known as Groupon Goods.
Source: Wall Street Journal, OxBridge Research
Institutional Financial, IFMI, Reports 33% Revenue increase, declares dividends. Red Giant, REDG, takes a Giant Leap up 33%
Full Year Adjusted Operating Income of $7.5 million, or $0.47 per Diluted Share
Fourth Quarter Adjusted Operating Income of $4.3 million, or $0.26 per Diluted Share
Fourth Quarter Net Income of $4.1 million, or $0.26 per Diluted Share
Board Declares Dividend of $0.02 per Share
The Company noted that during the fourth quarter, net trading revenue increased $4.5 million, or 33%, from the prior quarter and increased $2.5 million, or 16%, from the year-ago quarter, despite the Company having substantially reduced its headcount and compensation expenses in its capital markets businesses.
“We are pleased with our performance in the fourth quarter, and believe that our full year results are especially meaningful when considering the adverse conditions we have worked to overcome, particularly in the first half of 2012,” said Daniel G. Cohen, Chairman and Chief Executive Officer of IFMI. “The fourth quarter was our second profitable quarter in a row at both the adjusted operating income and net income levels. In addition, we continued to work hard to control both our compensation and non-compensation costs across all of our operating segments. While market conditions remain difficult, we are encouraged by the progress made throughout our diverse operating units and our focus remains on increasing value for our shareholders.”
source: the company, OxBridge Research