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Our Stocks to Watch today include : EACO Corp. (OTCBB: EACO), Zagg Incorporated (OTCBB: ZAGG), BV Financial, Inc. (OTCBB: BVFL), Coates International Ltd. (OTCBB: COTE), Resin Systems Inc (OTCBB: RSSYF), and Revolutions Medical Corporation (OTCBB: RMCP)
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EACO Corp. (OTCBB: EACO) Shares stayed even at $0.07
EACO Corporation owns and manages rental properties in Florida and California. As of April 2, 2008, it owned two restaurant properties in Florida, which it leases; and a real estate property in Sylmar, California with two industrial tenants. The company was founded in 1985 and is based in Anaheim, California.
EACO News Yesterday, Eaco reported revenues and operating results for the quarter ended October 1, 2008. The net loss for the quarter ended October 1, 2008 was $460,100 ($0.12 per share) up from a net loss of $289,100 ($0.08 per share) for the quarter ended September 26, 2007. The net loss for the nine months ended October 1, 2008 was $1,953,200 ($0.50 per share) up from a net loss of $1,914,300 ($0.50 per share) for the nine months ended September 26, 2007.
Zagg Incorporated (OTCBB: ZAGG) Shares traded down 7.87% at $0.82
ZAGG Incorporated designs, manufactures, and distributes protective coverings for consumer electronic and hand-held devices under the brand name invisibleSHIELD primarily in the United States and Europe. Its invisibleSHIELD, a protective film covering designed for iPods, laptops, cell phones, digital cameras, personal digital assistants, MP3 players, watch faces, GPS systems, gaming devices, and other items. The company also offers RockStic portable speaker system designed for Apple iPod and compatible with various digital media players. In addition, it sells accessories for electronics devices, including power cords, chargers, and adapters. In addition, the company offers approximately 2,000 precision pre-cut designs through online channels, resellers, college bookstores, Mac stores, and mail kiosks. ZAGG Incorporated sells its products directly through its Web site, distributors, kiosk vendors in shopping malls and retail centers, and electronics retailers. The company was founded in 2005 and is based in Salt Lake City, Utah.
ZAGG News Yesterday, ZAGG unveiled its new Z.buds earphones. Marking ZAGG's entry into the headphones market, the Z.buds has been named 2009 CES Innovations Design and Engineering Showcase Honoree. CES Innovations Honorees are chosen by a panel of judges and recognize inventive consumer electronics that stand out in a crowded market as leaders in their respective industries. In a sleek design, the Z.buds integrates passive noise cancellation, allowing music and user conversations to be heard more clearly. The Z.buds' high-end audio provides a full sound that is comparable to earbuds of twice the price. Its innovative and durable nylon cord is designed with several wearability options, making the Z.buds the most versatile product of its kind. The heavy-duty cord can be worn around the neck for a clean, professional look, or around the back of the neck and over the ear to keep it in place during sports and exercise. "ZAGG strives to provide electronics accessories that meet the needs of consumers," said Robert Pedersen II, president and CEO of ZAGG Inc. "Receiving this prestigious recognition from CES demonstrates that with the Z.buds, we have once again delivered something that looks and feels different than anything on the market, while providing the superior quality that consumers have come to expect from ZAGG."
BV Financial, Inc. (OTCBB: BVFL) Shares traded down 18.37% at $4.00
BV Financial, Inc. operates as the holding company for Bay-Vanguard Federal Savings Bank (bank) that provides various financial services in Maryland. The bank engages in generating deposits and originating loans. Its deposit products include checking accounts, NOW and money market accounts, passbook and savings accounts, and certificates of deposit. The bank?s loan portfolio includes one-to four-family real estate, mobile home, construction, multifamily and commercial real estate, and consumer loans. As of December 21, 2007, Bay-Vanguard Federal operated a main office in Baltimore, Maryland, as well as four other branches in the Baltimore metropolitan area. The company was incorporated in 1873 and is headquartered in Baltimore, Maryland.
BVFL News Yesterday, BV Financial announced that it declared a cash dividend on the Company's outstanding shares of common stock for the quarter ended September 30, 2008. The dividend of $0.05 per share will be paid on or about December 29, 2008 to stockholders of record as of the close of business on December 8, 2008. Bay-Vanguard, M.H.C., the Company's mutual holding company parent, will waive receipt of the dividend.
Coates International Ltd. (OTCBB: COTE) Shares traded down 5% at $0.19
Coates International, Ltd. engages in the development and production of Coates spherical rotary valve system (CSRV System) for use in various piston-driven internal combustion engines. The CSRV System is designed to replace the intake and exhaust conventional poppet valves used in various piston-driven stationary, automotive, motorcycle, and marine engines. The company holds license for the CSRV System technology in North America, Central America, and South America. Coates International was founded in 1988 and is based in Wall Township, New Jersey.
COTE News Yesterday, Coates announced that The Company was awarded four new patents in the Republic of China, and was awarded eighteen patents in the USA to date, with more than one hundred corresponding patents worldwide. This means that the Coates Spherical Rotary Valve (CSRV) Engines and technology is protected by full patents in the US and around the world. The Company is in talks with officials of various states in the US regarding the utilization of the CSRV engines for numerous natural gas and alternative fuel applications. Our liaison in China is forging ahead with his efforts and now has included all Asia and Japan within his scope. More information will be forthcoming when contracts are executed. We cannot divulge the names of companies or entities because of confidentiality agreements and interference from unsophisticated stockholders. The Company is in talks with numerous engine manufacturers and entities regarding licensing and utilization of the Coates CSRV engine for retrofitting and new vehicle applications. Announcements will be forthcoming if and when contracts are executed. Management believes that Coates CSRV technologies could impact our dependency on imported foreign oil and reduce the flow of US dollars out of the country, while lowering the progressive impact of global warming and reducing the production of harmful emissions.
Resin Systems Inc (OTCBB: RSSYF) Shares traded down 40.17% at $0.07
Resin Systems is a technology innovator that develops advanced composite material products for infrastructure markets. These advanced material products are not only structurally superior to products made with traditional building blocks of wood, steel or concrete, they are also lighter, more durable and longer-lasting. The company has entered the global market with its award winning utility poles and conveyor roller tubes as its two initial products, and continues to identify a growing list of additional innovative products.
RSSYF News Yesterday , Resin Systems announced that the Ontario Superior Court of Justice dismissed its motion for injunctive relief, as previously reported, against Motor City Community Credit Union. RS is proceeding immediately to take all steps necessary, working with the interim receiver, to resume utility pole production as soon as possible. RS will continue to update the market as material developments occur.
Revolutions Medical Corporation (OTCBB: RMCP) Shares traded down 28% at $0.18
Revolutions Medical Corporation, a development stage company, engages in the design and development of retractable safety needle devices. The company?s products include the RevVac safety syringe, which is designed to reduce accidental needle stick injuries; safety blood drawing device; and safety IV catheter. It also offers software solutions, which include sorting of images, color, 3D, and automatic segmentation of images. The company was founded in 1998 and is based in Mount Pleasant, South Carolina.
RMCP News Yesterday, Revolutions Medical reported that it has recently received a notice of allowance through its patent attorney Richard Moseley from the United States Patent and Trademark Office for issuance as a patent for its Rev Vac Safety syringe. This patent will be issued shortly and will be the second US patent protecting its proprietary Rev Vac Safety Syringe. Ron Wheet, CEO of Revolutions Medical states "the timing couldn't be any better. As we await clearance from the FDA on our pre-market 510k application for our Rev Vac Safety Syringe, we now will have two strong US patents protecting our proprietary technology. In addition, we have also spent the time and money necessary to protect our US patents internationally over the last 6 months. We plan to begin volume manufacturing of our Rev Vac Safety Syringe in the 1st quarter of 2009 and be fully prepared to launch our sales effort upon clearance. We feel that we now have more than ample protection for our proprietary core technology in our auto retractable vacuum safety syringe."
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