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Wednesday March 31, 2010
DrStockPick.com Stock Report!
The Directors of Parafin Corporation (Pinksheets:PFNO) reported that Parafin Corporation and a Private Equity Firm have both signed a Term Sheet whereby the Private Equity Firm, based out of Wilmington, DE, will commit to purchase up to $6M USD of shares of common stock of Parafin. The investor is a private equity firm that invests capital into companies in the emerging markets. They have invested in over 100 public and private companies in various sectors including oil and gas, communication, arts and entertainment, services and medical sectors. Once the final Agreements have been executed, Parafin plans to immediately begin the 3-D re-processing of all existing seismic data. The Directors of ParaFin Corporation have approved a development program for the approximately 6.6 million acre hydrocarbon Farmout Concession in the Republic of Paraguay based on the geophysical report of Byron Ayme, consulting geophysicist, dated January 1, 2010. The geophysical report indicates the Alto Parana Region�s Reserves have a very high probability of approximately 2,000,000,000 (Two Billion) Barrels of Crude. ParaFin has concluded that the region also has potential for substantial gas reserves.
Energy-efficient, intelligent building controls from Home Touch Limited (OTCBB:HMTO) will be exclusively featured in the first of four houses within Hong Kong�s premier Headland Road Project, on the island�s southern coast overlooking Repulse Bay. The homes are offered by Henderson Land Development Company. The 11,000 sq. ft. luxury Show House is near completion and will be priced at around $64 million USD ($500 million Hong Kong Dollars). Completion of all four homes is highly anticipated by the luxury real estate market. Home Touch�s green, intelligent design system efficiently controls multiple home functions � everything from lighting and temperature control, to security and entertainment systems � all integrated under the Home Touch Green and Intelligent Building System. Additional intelligent design features include European Industry Bus system, video door phone and intercom, multiple Wi-Fi networks + home control and remote site access. The Home Touch contract for system design and installation, valued at around $100,000 USD ($800,000 HKD), is due for completion in May, 2010.
View Systems, Inc. (OTC Bulletin Board:VSYM), a security and teledata solutions provider, announced today that the company�s leading authorized international dealer and business partner, Belcom, is in negotiations with Dr. Naseeb Qirbi to launch a marketing initiative that would call for the delivery of approximately 100 plus ViewScan systems by the 2010 year end. The government of Yemen is seeking to secure the premises of each of their embassies around the world. Upon finalization of the agreement, Belcom will place an order to View to fulfill the requisition for 100 or more ViewScan units that would then be placed in each of the Yemenite embassies, and in some high-traffic office buildings.
Brightpoint, Inc. (Nasdaq:CELL) (Brightpoint) and Research In Motion (RIM) (Nasdaq:RIMM) (TSX:RIM) today announced plans to expand the distribution of BlackBerry(r) smartphones in Indonesia. Brightpoint will provide logistics and supply chain expertise, assisting RIM to expand the national distribution of BlackBerry smartphones through Brighpoint’s relationships with local distributors. Supported models include the BlackBerry(r) Bold(tm) 9700, BlackBerry(r) Bold(tm) 9000, BlackBerry(r) Curve(tm) 8900 and BlackBerry(r) Curve(tm) 8520.
Gilat Satellite Networks Ltd. (Nasdaq:GILT) today announced that it has received a multi-million dollar contract to deliver a turnkey broadband communications solution for a major defense agency in Latin America. The new network will be used for border control applications.
Hudson Highland Group, Inc. (Nasdaq:HHGP) announced today that it priced a public offering of 4,200,000 shares of common stock at $4.35 per share to the public. The company has also granted the underwriter for the offering an option for 30 days to purchase up to 630,000 additional shares of common stock at the same price per share to cover any over-allotments. The closing of the offering is subject to customary closing conditions and is expected to occur on April 6, 2010.
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