Rhino Outdoor International, Inc. (OTCBB: RHOI) – Tuesday’s shares went up 4.17% to $0.125. 291,721 shares were traded. Rhino Outdoor International, which operates outdoor activity based businesses, including wholly owned subsidiary Rhino Off-Road Industries, Inc., reported on August 9th that Hebei Sida Industry Group (HSIG), ROI’s sales and manufacturing partner in China has reached significant milestones as they prepare the assembly and manufacturing facility for production of the Rhino Off-Road Rough Terrain Vehicle. Howard Pearl, CEO and President, recently returned from China and reports that key manufacturing equipment is in place and materials and parts are in the process of being sourced. “I’m happy with the progress we’ve made at the facility in Handan and can report we are pretty much on schedule to produce the first RTV in China before the end of November for the December trade show in Beijing,” stated Mr. Pearl. “The production floor is set up, equipment is operational and technicians are working through the various manufacturing and assembly processes.” Design and engineering staff from headquarters in Henderson, Nevada are scheduled to travel to Handan in the next few weeks to supervise and train the team in Handan as they assemble their first vehicles.”
Rhino Outdoor International is a development company that operates outdoor activity based businesses. Whether in the mountains, deserts, waterways, roads or skies consumers have adopted outdoor lifestyle activities – and are purchasing the equipment and services that sustain them – at an ever-increasing rate. It is the vision of the company to build an organization of manufacturers with a common appeal to this growing market. Rhino Off-Road Industries, a wholly owned subsidiary of ROI, is the manufacturer of the innovative Rhino Rough Terrain Vehicle (RTV). The RTV was designed for active, outdoor oriented families who want to experience off-road adventure in virtually any terrain. The Rhino RTV has added a new dimension to wilderness adventure tours and created a new category in the growing off-road rental industry. It has also provided a solution for the emergency and rapid-response industry.
Edgeline Holdings, Inc. (OTCBB: ELHI)
Edgeline Holdings, Inc. (OTCBB: ELHI) – Tuesday’s shares closed down 5.10% to $0.93. The volume was 4,952. Edgeline Holdings announced on August 10th that it reached a non-binding agreement to acquire Intertech Bio, a newly formed biotech company that is located in Houston, Texas in an all stock transaction. “We are pleased that we have reached this tentative agreement with Intertech and will work in an expeditious manner to complete this acquisition within the next thirty days,” stated Carl A. Chase, Vice President of Edgeline Holdings. “We believe that Intertech will be a good fit in our portfolio as we continue to acquire early stage companies that have a tremendous upside opportunity.”
Edgeline Holdings, Inc.specializes in the area of discovering and acquiring leading-edge niche technologies, acting as their incubator and nurturing those technologies into market ready applications. Edgeline Holdings is currently based in Houston, Texas but is actively seeking partners throughout North America, Asia, and Europe. Edgeline Holdings acquired its first technology, Secure Voice Communications, Inc. in July of 2007. Secure Voice is a Houston, Texas based company, with research and development efforts primarily focused on developing and readying for market a SIP (Session Initiation Protocol) based approach to defending voice traffic and voice packets against deliberate attacks such as DOS (Denial of Service). Secure Voice owns copyrighted technology developed and acquired from the University of California, Davis.
Medina International Holdings, Inc. (OTCBB: MIHI)
Medina International Holdings, Inc. (OTCBB: MIHI) – Tuesday’s shares closed down 1.82% to $0.54. 4,200 was the volume. Medina International Holdings Chief Financial Officer Rao Mankal was recently interviewed by USA Today. The interview discusses the evolution of Force Protection (NasdaqCM:FRPT – News) and the role of Mine Resistant Ambush Protected (MRAP) vehicles in saving the lives of our soldiers. Mankal was instrumental in structuring the merger that resurrected a struggling company and became a highly successful military contractor. Force Protection has received over one billion dollars in orders from the US Military to date for its MRAP vehicles. Daniel Medina, President of Medina International Holdings, Inc., commented, “Rao is once again back in the boat business, this time with Medina.” He added, “We have surrounded ourselves with some of the same team members that Rao worked with at Sonic Jet, including myself. Our goals at Medina are to try and match the success that Force Protection has had in the MRAP space, in the marine space. We believe we have a fantastic product, in a niche market with unmet demand. As long as we can continue to generate interest and orders we should enjoy rapid growth and expansion for our business.”
Medina International Holdings, Inc. produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company’s products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets. With approximately 241,500 miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. Assuming the need for 1 boat for every 10 miles of waterway, the potential addressable domestic market for Medina’s products is $2.4 billion. International demand is even greater than domestic demand, which presents exponential growth opportunities for the company.
China Wireless Communications, Inc. (OTCBB: CWLC)
China Wireless Communications, Inc. (OTCBB: CWLC) – Tuesday’s shares increased 15.45% to $0.0127. 1,601,700 shares were traded. CWLC has been up as much as 35% since StockGuru announced coverage. China Wireless Communications announced on August 14th it was selected by the City of Tianjin’s Economics Development Area Building Architecture Department (TEDA) to provide Lenovo servers, desktop, and laptop computers along with the management and maintenance to support them. The City of Tianjin’s Economics Development Area Building Architecture Department is based in Tianjin, China. Frank Li, President of Tianjin Create Electronic Information Technology Co. LTD, a systems integration company and subsidiary of China Wireless Communications, has signed a contract with the City of Tianjin’s Economics Development Area Building Architecture Department (TEDA), to provide Lenovo servers, desktop, and laptop computers along with the management and maintenance to support them. The City of Tianjin’s Economics Development Area Building Architecture Department is based in Tianjin, China.
China Wireless Communications, headquartered in Denver, Colorado, is focusing its efforts on becoming a premier information technology company in China. The need for quality information technology services is developing quickly in China and China Wireless Communications, along with subsidiary Tianjin Create Co., is becoming a major player in its development. The company provides business solutions to clients including systems integration, broadband data services, support for Internet access and video surveillance in China. Our system support redundant high-speed network access connections, and transport services that include IP data, video and ISP services. Other key components to building the company’s broad base information technology products and services in China include computer installation and maintenance, broadband transportation services, server installation maintenance and support, Internet services, broadband transport redundancy, fixed wireless transport, data and video power supplies and backup power for data networks and information hosting.
EastBridge Investment Group Corporation (OTCBB: EBIG)EastBridge Investment Group Corporation (OTCBB: EBIG) – Tuesday’s shares closed down 16.67% to $0.15. 84,090 was the volume. EBIG has been up as much as 361% since StockGuru initiated coverage. EastBridge Investment Group announced on August 14th that it filed its second quarter 10Q with the SEC. Revenues have increased by $17,788 in the 2nd quarter of 2007, over the same period in 2006. The Company reported a net loss of $201,446 versus a $79,147 loss in the same period in 2006. The additional loss was due largely to payroll and professional service expenses. Norm Klein, CFO and COO of EastBridge Investment Group, commented, “The revenue figure would have been higher if we had included as income some of the stock we have received from our clients; however, we have decided to take the more conservative accounting approach to recording revenue and will not book revenue from the stocks until they become publicly traded. At that time, we will recognize the stock’s full value as income.”
EastBridge Investment Group Corporation is the first OTCBB listed company whose main business is helping small-to-medium-size Chinese and Indian companies to become public companies in the U.S. Depending on their annual profit and revenue, they can list them on OTCBB, Nasdaq, AMEX or NYSE. Their income sources are from: a) Earning fees and marketable stock equity in the client companies they take public, b) Making cash incomes by operating joint business ventures with their foreign partners; and c) Earning fees by providing merchant banking services to their clients. Their operation is divided into individual business units by industry, such as the Electronics, Real estate, Auto Metal, Energy Enviromental, Bio Science, Food Retail Distribution units. Their target clients are mostly in India, mainland China, Hongkong, Macao and Taiwan. Their business focus is very narrow but deep. They are only interested in business opportunities where the decision process is simple, and the return is within one to two years. The president, Keith Wong and CFO, Norman Klein, as EastBridge officers, are talented with over twenty years each of industrial, sales and financial experiences.
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