KAL Energy Inc. (OTCBB: KALG) – Friday’s shares went up 4.04% to $1.03. 78,350 shares were traded. Kal Energy announced on March 7th that all of the heavy equipment for the $2,000,000 work program previously announced has arrived and is on site. Construction of the camp and all facilities for the 65 man workforce is near completion. This will provide for more efficient living and working quarters as Kal Energy increases its workforce for drilling and future mining operations on the property. Five drill rigs are on the property and will be fully operational by March 8, 2007. Initial drill results are expected by March 15, 2007. Previous samples have demonstrated that the quality of Kal Energy’s thermal coal deposits contain very low sulphur and ash content — suitable for electricity generation. This is consistent with other coal producing companies’ deposits in Indonesia.
KAL Energy Inc., through its wholly owned subsidiary Thatcher Mining Pte., has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. This region has been an active coal exporter since the 1990s, and in 2004 Indonesia passed Australia as the largest exporter of thermal coal. Governmental signing was achieved on Sep. 14th, 2006. Title & Ownership structure has been extensively reviewed by HHP, the in-country affiliate of Baker & McKenzie International.
B2Digital, Inc. (OTCBB: BTOD)
B2Digital, Inc. (OTCBB: BTOD) – Friday’s shares increased 5.00% to $7.35. The volume was 227,189. B2Digital, Inc.’s wholly owned subsidiary, Hotel Movie Networks, announced on March 13th the acquisition of the intellectual property rights from Creative Domain Investments, LTD. B2Digital continues to increase its asset base and pursue its aggressive strategy to acquire new and innovative technologies. The agreement provides B2Digital the design technology, related intellectual property rights, hardware, software, source codes and access to its customer base that will allow B2Digital to cost effectively deliver rich, digital quality content including Pay per View, VoIP services, digital and wireless internet and Internet Protocol Television (IPTV) to a standing customer base in the commercial and hospitality industries. The technology, IP rights and existing customer lists acquired will allow B2Digital to deliver this cutting edge digital content using existing coaxial cable systems to an existing customer base, rather than requiring a complete replacement and overhaul of the customer’s current cable infrastructure. Some of the benefits include hardware that is a fraction of the size of existing systems, a higher quality and larger variety of digital services available with lower maintenance costs and the ability to provide the customer digital content delivery services at a fraction of the cost, reducing customer expenses and allowing for increased revenues.
B2Digital, Inc. is a provider of in-room, on-demand video entertainment and satellite services to the domestic lodging industry. B2Digital has a base of approximately 8,000 installed rooms, which consist of contract rights of Hotel Movie Networks with Pay Per View and Cable/ Satellite access, and associated hardware and peripherals. B2Digital primarily provides its services under long-term contracts. B2Digital’s platforms provide for in-room viewing of select cable channels (such as HBO, ESPN and CNN and other interactive and information services, plus high-speed Internet access.
The Tracking Corporation (OTC: MIOK)
The Tracking Corporation (OTC: MIOK) – Friday’s shares went up 12.00% to $0.28. 120,213 was the volume. The Tracking Corporation has expanded their team with the addition of a new controller. His efforts will focus on human resources, payroll, tax reporting and improving client relations through accounts receivable and accounts payable processes. A main goal shared by both parties is the implementation of new policies and procedures regarding budgets, monthly forecasting, hiring and corporate growth projection. Michael Roberts has experience from over a decade of dedication as controller at Business Bank of Nevada, Las Vegas, Nevada; Barton Enterprises, Inc., Dallas, Texas; and Delivery Limited, Inc., Dallas, Texas. Roberts will be instrumental in implementing systems and procedures to ensure compliance with Sarbanes-Oxley. This act includes provisions addressing audits, financial reporting and disclosure, conflicts of interest and corporate governance at public companies. Another integral function performed by Roberts will be the reporting requirements of the Securities and Exchange Commission.’
MicroTRAK GPS, an operating subsidiary of The Tracking Corporation (OTC: MIOK), is a Dallas-based total-solutions provider, with ventures in the asset tracking and vehicle recovery markets. MicroTRAK GPS functions as a multi-faceted corporation focusing on a turn-key approach. This level of dedication provides them with expertise in developing, designing, providing, manufacturing, distributing and servicing GPS technology and products.
Franklin Mining, Inc. (OTC: FMNJ)
Franklin Mining, Inc. (OTC: FMNJ) – Friday’s shares stayed even at $0.025. 3,689,733 shares were traded. Franklin Mining subsidiary Franklin Mining, Bolivia S.A. reported on March 13th they are in the final stage of determining which engineering process will be used at Pulacayo. Reviews and tests currently underway and due to be complete this week will determine selection between a traditional process developed in Peru and a new technology developed in Germany and thought to be more environmentally safe. Franklin’s objective in testing both processes is to insure that the safest and cleanest process is selected. Effective with production, Franklin Mining, Inc. and Franklin Mining, Bolivia S.A. Balance Sheets will reflect the significant valuations of proven gold, silver and zinc reserves under contract in Bolivia.
Franklin Mining, Inc. (OTC: FMNJ) is engaged in the exploration, development and mining of precious and nonferrous metals, including gold, silver, lead, copper and zinc. The company has a long history that originates with the original Franklin Mines in Colorado back in the 1800s. Franklin Mining. Inc was formerly WCM Capitol, a Delaware Corporation. In 2003 a new board of directors was elected and this new board changed the name to Franklin to reflect the history of the Franklin Mines. Since 2003 the company’s management has been active in trying to grow the company and expand the companies opportunities. In 2004 Franklin Mining, Bolivia was formed in order to start operations as well as build a presence in Bolivia. In 2004 a division was opened named Franklin Oil & Gas. This division was formed to pursue Oil opportunities in Greneda and to pursue Gas Opportunities in Bolivia. In 2006 Franklin Oil & Gas, Bolivia was formed.
EnviroMission Limited (OTC: EVOMY, ASX:EVM)
EnviroMission Limited (OTC: EVOMY, ASX:EVM) – Friday’s shares stayed even at $3.00. The volume was 980. EnviroMission’s Chief Executive, Roger Davey, overviewed the latest news and strategy surrounding Solar Tower development in an online broadcast available for public access at: http://www.brr.com.au/event/EVM/1674/18879/wmp/fiaa0a7ojr/kuq0g6xdvz Mr. Davey spoke to Boardroom Radio, Australia’s leading online broadcaster ASX and NZX companies, about recent EnviroMission announcements that point to increased Solar Tower development activity in the United States. EnviroMission’s commitment to Solar Tower development was restated for Australia ahead of confirmation of EnviroMission’s increased involvement in Solar Tower development activities in the US. In talking about the push into the US, Mr. Davey confirmed a development strategy that is responsive to the “higher solar radiation levels and very very attractive power prices” in that market.
EnviroMission Limited is a renewable energy developer and innovator of commercially viable large-scale power generation driven by solar radiation for zero greenhouse gas emissions. The company is developing highly innovative Solar Tower electricity generation projects for the Australian & American renewable energy markets. EnviroMission owns the exclusive Australian licence to Solar Tower technology and is moving to commercialize the first of many Solar Tower power stations in Australia by 2009. A single power station development will have the capacity to supply renewable energy to more than 400,000 households.
Lexington Energy Services Inc. (OTCBB: LXES)
Lexington Energy Services Inc. (OTCBB: LXES) – Friday’s shares increased 23.08% to $0.80. 32,900 was the volume. Lexington Energy Services announced on March 13th that its subsidiary Lexcore Services Inc. generated initial revenues of approximately $785,000 USD, resulting from its ongoing winter drilling season. “This is a watershed operational and financial event for our company,” says Lexington Energy President Larry Kristof. “This new revenue stream, when added to the $628,000 USD we received last fiscal year from the sale of two mobile well testing units (p-tanks), totals over $1.4 million USD. With each of our three subsidiaries ramping up, negotiating new business contracts and engaging clients, I believe Lexington Energy Services will generate multiple growing streams of revenue in the current fiscal year.”
Lexington Energy Services Inc. is an oil field service company providing construction and leasing of custom oilfield service equipment. As Canada?s fastest growing oil field service company, Lexington Energy Services manufactures and leases innovatively designed oilfield service equipment. Through their wholly owned subsidiary, Lexcore Services Inc., the company also provides a range of drilling services to meet the growing needs of the oil and gas industry, including Alberta?s oil sands.
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