The most talked-about penny stocks on the street: TerreStar Corporation (TSTRQ), Smokefree Innotec, Inc.(SFIO) & JBI, Inc. (JBII)
TerreStar Corporation (TSTRQ)
TerreStar Corporation, is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd., and a shareholder of SkyTerra Communications. TerreStar is based in Reston, VA, and plans to build, own and operate North America’s first next generation integrated mobile satellite and terrestrial communications network that will provide universal access and tailored applications throughout North America over conventional commercial wireless devices. With a first-to-market launch strategy in 2008, TerreStar expects to offer customer-designed products and applications over a fully optimized 4G IP network.
TerreStar Networks is at the forefront of providing a reliable and secure satellite terrestrial mobile broadband network. This network provides voice and data services dedicated to helping solve the critical communication and business continuity challenges faced by government, emergency responders, enterprise businesses and rural communities. As a wholesale mobile voice and data service provider, TerreStar offers next generation mobile communications through a network of partners and service providers to users who need “anywhere” coverage throughout the United States and Canada.
Dish Network Nearer to Winning TerreStar
By EVELYN M. RUSLI
Charles Ergen, chairman of Dish Network and EchoStarPaul Sakuma/Associated PressCharles W. Ergen, chairman of Dish Network and EchoStar, has been on a takeover spree this year, making more than $2 billion in acquisitions.
Charles W. Ergen, the founder of Dish Network and EchoStar, is one step closer to building out his broadband spectrum empire.
On Tuesday, the satellite operator TerreStar canceled its bankruptcy auction and declared Dish Network the winning bidder. In a court document, the company said it had not received any bids superior to Dish Network’s $1.375 billion offer. The court still needs to approve Dish Network’s bid at a hearing scheduled for July 7. Any objections to the sale must be submitted by July 5.
“They have submitted what we believe to be the highest and best bid,” said Arik Preis, a lawyer for Akin Gump Strauss Hauer & Feld, the law firm representing TerreStar.
The addition of TerreStar will be a major coup for Mr. Ergen, who has been on a shopping spree since the start of this year. Through his companies, he has purchased DBSD North America, another bankrupt satellite operator; Blockbuster; and Hughes Communications, a satellite Internet company. Both TerreStar and DBSD own valuable sections of broadband spectrum, which could help Mr. Ergen build out communications products and services.
“While this transaction is not yet complete, the news tonight brings Charlie one step closer to acquiring the ‘building blocks’ he needs to pursue a business model that is likely to create long-term value and relevance,” Marci Ryvicker, an analyst at Wells Fargo, wrote in a research report on Tuesday. “Combining the Terrestar spectrum (20MHz of the 2.0GHz band) with DBSD spectrum (contiguous 20MHz of the 2.0GHz band) could generate an incremental asset value of $4-5 billion,” she added, reiterating her outperform rating on Dish Network.
Smokefree Innotec, Inc. (SFIO)
2300 West Sahara Avenue, Suite 800
Las Vegas, Nevada 89102
Tel: 888 850-4022
Fax: 949 333-0857
Smokefree Innotec, Inc. develops and markets a hi-tech electronic smokeless cigarette which is completely smoke-free and tobacco-free. SFIO’s products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy smoking anywhere, including places where smoking is prohibited. Furthermore, it allows the smoker to enjoy smoking while not having to worry about the dangers and ill effects of regular cigarette consumption.
The SFI ‘smokeless cigarettes’ provide the smart smoker her or his accustomed delight without smoldering tobacco and therefore without irritating bystanders with second hand smoke.
JBI Inc. (JBII)
Niagara Falls, Ontario Office
1783 Allanport Road
Canada L0S 1K0
JBI, Inc.’s cutting-edge Plastic2Oil™ process converts mixed waste plastic into separated diesel, heating oil, and light naphtha fuels. Low sulphur heating oil is diesel fuel without transport additives. Unlike existing plastic-to-oil operations, the Company’s process accepts raw, unwashed, mixed plastics. JBI achieves nearly 90 percent conversion of waste plastic into clean fuel, with approximately 8 percent off-gas captured and compressed. Approximately one liter of oil undergoes extraction from every kilogram of plastic, and continuous feeding of plastic optimizes the production output.
For more information please review http://www.plastic2oil.com/.