OTC Showcase

STL Marketing Group Attains Current Status on OTC Markets(0)

STL Marketing Group, Inc. (Pinksheets: STLK) said Tuesday that it has begun the process of filing disclosures and supplementary information to the OTC Markets and received a Current Status Opinion Letter from its counsel. As a result of the steps to become a fully-transparent public company, OTC Markets has removed the skull and crossbones and “Caveat Emptor” label on Read More

Cloud Automation Expert GBS Enterprises Acquires Synaptris(0)

Boosting its customer base by more than 50 percent, New York-based GBS Enterprises Inc. (OTCBB:GBSX), the 50.1% parent company of Group Business Software, has acquired San Jose, California-based Synaptris, a privately-held firm. Employing 70 people and servicing customers worldwide, Synaptris provides real-time enterprise reporting, user defined dashboards, and comprehensive analytic capabilities for Lotus Notes / Domino and Java/.NET environments. BGS - a global software and services company specializing in cloud automation who has over 4,000 clients on its own – will be adding the more than 2,500 clients that Synaptris services, including over one hundred Fortune 1000 companies. Some of Synaptris clients include ABB, Goodyear Tire and Rubber, Standard Life Insurance, ABN Amro Bank, Dunlop, Caterpillar, Philips International BV, and Electrolux.

The acquisition bolsters GBS’s offerings significantly as it adds another tier of Lotus Notes applications including reporting products, advanced dashboards, and email productivity solutions. Moreover, combining Synaptris’ comprehensive and email-specialized search engine with the GBS Transformer should result in applications for XPage becoming available in the near term.

As far as lateral growth, the acquisition will grow the market reach of GBS by leveraging Synaptris’ 135 channel partners spanning 45 countries. Synaptris has deep roots already in India, which is also anticipated to help with horizontal expansion of the newly-merged company as GBS looks to broaden sales avenues for its Transformer 2.0 technologies.

More information can be found by reading the full press release in the news below and by visiting the GBS website at www.gbs.com. Information on Synaptris can be found at www.synaptris.com.

GBS Enterprises (GBSX) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has received no compensation for this article from and owns no shares of the aforementioned company(ies). Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

Strategic American Oil Corp Pens Deal with SPE Navigation I, LLC.(0)

Strategic American Oil Corporation (OTCBB:SGCA) announced that it has executed a definitive Purchase and Sale Agreement to acquire a private Nevada company, SPE Navigation I, LLC. The Company expects to close on this purchase within a week. The material assets of SPE consist of certain oil and gas working interests equal to one third the working interests owned by the company in and to four producing oil and gas fields located in Galveston Bay, Texas, together with one million shares of Hyperdynamics Corporation.

A Letter of Intent was announced regarding this transaction on August 17, 2011. Per the LOI, and subject to numerous conditions to closing, in consideration of the proposed Acquisition, Strategic American Oil has agreed to issue to the shareholders of SPE an aggregate of 95 million restricted common shares of SGCA upon the completion of the acquisition.

Strategic American Oil Corporation (SGCA) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has received no compensation for this article from and owns no shares of the aforementioned company(ies). Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

Zarlink and Microsemi Agree to New Acquisition Terms(0)

Zarlink Semiconductor, Inc. (OTCBB:ZARLF, TSX:ZL) and Microsemi Corporation (NASDAQ:MSCC) have agreed to terms and entered into a Support Agreement pursuant to which Microsemi, through a wholly-owned subsidiary, will amend its existing offers to increase the price offered for all of the issued and outstanding common shares and 6% unsecured, subordinated convertible debentures maturing September 30, 2012 of Zarlink by 19% to CAD$3.98 (US$ 3.85) in cash per Share and CAD$1,624.49 (US$1,572.44) in cash per CAD$1,000 (US$967.96) principal amount of Debentures plus accrued and unpaid interest to the date Debentures are taken up.

In total, the transaction is valued at roughly US$525 million, net of Zarlink’s cash which is currently US$107M. The Amended Offers represent a 67% premium over the closing price of the shares on the TSX and a 48% premium over the closing price of the debentures on the TSX on July 19, 2011, the day prior to the initial public announcement of Microsemi’s proposal to acquire Zarlink. The consideration under the Amended Offers represents a 15% premium to the closing price on the TSX of the Shares and a 15% premium to the closing price on the TSX of the Debentures on September 21, 2011, the last trading day prior to this announcement.

The Zarlink Board has approved the amended offer and recommends that Zarlink shareholders and debenture holders tender their shares.

Zarlink Semiconductor (ZARLF) Stock Quote and News:

Microsemi (MSCC) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has received no compensation for this article from and owns no shares of the aforementioned company(ies). Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

OTCBB Merger News: Premier Alliance to Acquire GreenHouse Holdings(0)

News hit the wire this morning that Premier Alliance Group, Inc. (OTCBB:PIMO) and GreenHouse Holdings, Inc. (OTCBB:GRHU) have signed a Letter of Intent for a stock exchange deal which will result in a merger of the two companies. GreenHouse, who reported $6.7 million in revenues last year (a 50 percent increase of 2009), has disclosed several contracts in excess of $1 million this year. Premier, a professional services company focused on business and technology consulting, has several high profile clients and more than 16 years of experience and successes in finance, business and technology as well as mergers and acquisitions. To learn more, read the full press release and get stock quotes for GRHU and PIMO.

Going Private: Clark Holdings to Merge With Gores Group Affiliate(0)

Clark Holdings, Inc. (AMEX: GLA) announced after the Thursday close that under a definitive merger agreement it will merge with an affiliate of The Gores Group, LLC. Under the terms of the agreement, Gores will get all of Clark’s outstanding equity. Holders of Clark stock will get $0.46 in cash per share of Clark common stock. Clark last traded Wednesday at $0.17 with no trades taking place on Thursday. Shares gapped towards the deal price this morning and are up 152.94% to $0.43 midway through Friday’s trading day.

Clark is a non-asset-based provider of logistical services to the print media industry and other supply chain management services. Through its subsidiary Clark Group, Inc, the company provides non-asset based transportation and logistics services mainly to the print media industry in the United States and abroad. It operates through strategic partnerships with third-party transportation providers. Newsstand magazine distribution and mass market books are among the media it helps distribute, as well as time-sensitive media. The Trenton, NJ company started in 1957.

The merger has yet to be approved by shareholders but Clark’s board of directors has already approved it and recommended shareholder approval. A special shareholder meeting for that purpose will be set after Clark submits a proxy statement to the SEC. For 30 days after the merger date, Clark will be allowed to solicit alternative proposals from third parties.

The company apparently reached its decision to go private with Gores after a lengthy evaluation process of market studies carried out by Clark and advisor EVE Partners.

Said Clark board chairman Donald McInnes,

“As a result of a review of alternatives to enhance stockholder value, our Board of Directors concluded that the best available alternative was the transaction with Gores. The board of directors believes that the transaction is in the best interest of the company’s stockholders.”

Added Gores Group managing director Victor Otley, “We believe that Clark is a great company that will benefit by going private. We look forward to working with Clark’s outstanding management team and employees to continue to provide world class services to its customers.”

The Gores Group, LLC is a private equity firm specialized in acquiring controlling interests in developed businesses by offering them their operating experience and flexible capital base. Gores Group, founded in 1987 by Alec E. Gores, has a substantial track record of value creation among its portfolio companies. It presently has committed equity capital in excess of $4 billion. With its main offices in Los Angeles, the company also has facilities in London and Boulder, CO.

Clark Group, Inc. (GLA) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has received no compensation for this article from and owns no shares of the aforementioned company(ies). Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

Toreador Resources and ZaZa Energy to Merge(0)

Toreador Resources Corporation (Nasdaq: TRGL) (Paris: TOR) and ZaZa Energy, LLC announced late Tuesday night execution of a definitve agreement to merge the pair into a single enterprise, with Toreador bringing its oil holdings into the bargain and ZaZa coming in with its oil and gas portfolio. Based on Toreador stock’s Tuesday close, the implied market capitalization for the new company is about $294 million.

Rodman & Renshaw, LLC (NYSE: RODM) is serving as financial advisor to Houston-based ZaZa in the deal, while RBC Capital Markets is serving as financial advisor to Toreador. The new company will assume the name ZaZa Energy Corporation.

Under the merger terms, though Toreador stockholders have yet to approve the deal, equity holders in ZaZa will get about 76.2 million shares, or about 75 percent of the new company, together with $50 million in notes or cash. Toreador stockholders will get about 25.4 million shares, or approximately 25 percent of the new Company. Toreador’s board and ZaZa’s equity holders have already approved the transaction.

The Company will headquarter in Houston, with additional offices in Corpus Christi and Paris. The new Nasdaq symbol for the merged company is expected to be ZAZA. The companies’ press release indicated they expect to finalize the merger by late this year.

Combined, the two companies’ portfolios comprise three areas- the Eagle Ford core and the emerging Eagle Ford/Woodbine resource sites in Texas plus the Paris Basin in France for a total of 423,000 acres.

Net production at the Eagle Ford site and Paris Basin is expected to be more than 1,100 boe/d by the end of the year, with an increase to 5,000 boe/d by the end of 2013. This does not include any production from future drilling at Eagle Ford/Woodbine or Paris Basin conventional.

Toreador non-executive chairman Adam Kroloff said, “This combination offers a strategically distinctive international E&P investment opportunity. Together with ZaZa, we are offering stockholders access to the rapid growth of the Eagle Ford and will also maintain attractive exposure to the potential of the Paris Basin.”

ZaZa co-founder Todd Brooks commented, “Our combination with Toreador is the culmination of our efforts over the past two years to diversify our asset base while building a growth oriented company and exploiting one of the most economic shale plays in the continental United States.”

Shares of TRGL spiked to $3.79 to open the day, but have given back a good portion of the move midway through the day as the markets continue to move in a chaotic fashion.

Toreador Resources (TRGL) Stock Quote and News:

Disclaimer: Neither http://www.otcshowcase.com nor its officers, directors, partners, employees or anyone involved in the publication of the website or newsletters (“us” or “we”) is a registered investment adviser or licensed broker-dealer in any jurisdiction whatsoever. Further, we are not qualified to provide any investment advice and we make no recommendation to purchase or sell any securities. The prior article is published as information only for our readers. otcshowcase.com is a third party publisher of news and research. Our site does not make recommendations, but offers information portals to research news, articles, stock lists and recent research. Nothing on our site should be construed as an offer or solicitation to buy or sell products or securities. This site is sometimes compensated by featured companies, news submissions and online advertising. Viper Enterprises, LLC (parent company of OTC Showcase) has received no compensation for this article from and owns no shares of the aforementioned company(ies). Please read and fully understand our entire disclaimer at http://www.otcshowcase.com/?page_id=190.

Merger News: First Corporation Nixes Deal with Acquma Holdings(0)

First Corporation (OTCBB:FSTC) announced on Friday that it has decided not to proceed with its merger with Acquma Holdings Ltd. The decision was based upon due diligence which created a difference in opinion of the present value of Tramigo OY ltd, an associate company of Gecko Landmarks Ltd. Discussions may continue as First still has an interest in a merger/acquisition as the Company still has no operations. Read the full press release and get a FSTC stock quote.