MedSpas of America, Inc. (OTC: MDSP) – Tuesday’s shares closed down 22.22% to $0.007. 276,875 shares were traded. MedSpas of America, released on January 16th a letter to the Company’s shareholders from Chairman and CEO Paul R. Smith. Here’s an excerpt from the letter: ‘After exhaustive research, the management of the Company decided to enter into the medspa industry at a most opportune period in the industry’s development. To prepare the Company for entry into this exciting industry, we re-organized in June 2006 and changed the company’s name to MedSpas of America, Inc. (”MDSP”). Management was faced with the decision to either build a significant overhead to facilitate a national brand roll-out or to find a joint venture partner that had built a strong management team with a proven track record of medspa development. We were extremely fortunate to find Solana Medspas, www.solanamedspas.com, the country’s most significant developer of medspas. We signed a joint venture agreement with Solana in the fall of 2006 that calls for the development of 50 Virtuoso Medspas in the USA over the next five years. They provide MDSP with expertise in brand development, operational and regulatory oversight, human resource development, and most importantly, marketing strategy. Today, MDSP has a management team that is unparalleled in the medspa industry.’
MedSpas of America, Inc., founded in 1997, is a publicly traded Nevada corporation, with its headquarters in Atlanta, Georgia. The Company recently completed a reorganization and stock purchase of Virtuoso MedSpas, Inc. (”Virtuoso”), now a wholly-owned subsidiary of the Company. The Company intends to focus it’s resources on the development of the Virtuoso brand.
Lantis Laser Inc. (OTC: LLSR)
Lantis Laser Inc (OTC: LLSR) – Tuesday’s shares decreased 12.16% to $0.65. The volume was 70,800. Lantis Laser Inc., The OCT Dental Imaging System(TM) seems destined to capture the major share of imaging procedures in the dental office. Currently used conventional x-ray and the improved digital x-ray still have many shortcomings in providing meaningful images of dental structures and even more so with respect to early detection. Stan Baron, President & CEO of Lantis, pointed out that, “OCT provides much more detailed images than x-ray for early detection of decay and can image occlusal (biting) surfaces, a huge advantage over x-ray. OCT is destined to be the modality of choice in the modern dental office.”
Lantis Laser Inc. is focused on developing its exclusive OCT Dental Imaging System™ for use in general dentistry under License from Lawrence Livermore National Laboratory and LightLab Imaging. Lantis 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. The Company plans to launch the OCT Dental Imaging System™ in the third quarter of 2008 as its first product. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory and LightLab Imaging. OCT was invented in the early 1990’s at the Massachusetts Institute of Technology and is currently being commercialized by Carl Zeiss Meditec, Inc. in ophthalmology and by LightLab Imaging for cardiovascular imaging.
Lexington Energy Services Inc. (OTCBB: LXES)
Lexington Energy Services Inc. (OTCBB: LXES) – Tuesday’s shares closed down 6.36% to $1.03. 67,400 was the volume. It was announced on February 6th that a recent change in regulations by the Alberta Energy and Utilities Board (”EUB”) is set to bolster demand in the province for well-testing packages, a specialty of Lexington Energy Services Inc. “Well-testing had been recommended by the EUB in a number of circumstances, but these new regulations will require oil companies to use well-testing packages much more often,” said Lexington Energy COO Brent Nimeck. “This is a long time coming and good for the environment,” Mr. Nimeck said. “As a result of Lexington Energy being at the forefront of companies able to take advantage of these changes, this admirable initiative just happens to have a rather favorable affect on our business.” Between February and April, the EUB plans to educate operators in noncompliance with the new regulations, but between May and June, operators will be required to justify their noncompliance and provide the EUB with a detailed plan and schedule for complying with the new flaring and venting regulations.
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.
Endeavour Silver Corporation (AMEX: EXK, TSX: EDR, DBF: EJD)
Endeavour Silver Corporation (AMEX: EXK) – Tuesday’s shares increased 1.22% to $4.15. 72,300 shares were traded. Endeavour Silver announced on January 30th three new appointments to its management and operations team. The addition of three senior financial and mining personnel to the Endeavour team will help facilitate the Company’s growth of its silver production, reserves and resources in Mexico. John D. Watkins, B.A., Dip GeoSc, CPA, FCIS, FFin., MAusIMM, will assume the position of Chief Financial Officer for Endeavour. Jorge Luhan Acuna has been appointed General Manager, Guanacevi, responsible for the overall day to day operations of the Guanacevi Mines Project. Marcos Garcia Chavez takes on the role of Manager, Mexico Administration and Finance, overseeing the day to day accounting and administrative activities of Endeavour’s Mexican subsidiary companies. Bradford Cooke, Chairman and CEO, commented “With these three new appointments to its management and operations team, Endeavour has strengthened its ability to grow through the organic expansion of its existing projects and the strategic acquisition of silver mines in Mexico.
Endeavour Silver Corporation is a small-cap silver mining company focused on the growth of its silver production, resources and reserves in Mexico. The expansion plan now underway at the high grade, Guanacevi mines project in Durango should propel Endeavour into the ranks of the top 5 primary silver producers in the world. Endeavour stands out from other primary silver companies for its high silver grades (+15 oz. per ton), its high silver leverage (+90%), the substantial exploration upside of the Santa Cruz property (+30 million oz), the potential capacity of the Guanacevi plant and the organic growth potential of these core assets.
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