Inside Wall Street Report

The KCM Group

admin — Mon, 22 Feb 2010 14:44:39 +0000

KCMH is a holding company that incubates and grows small companies then spins them off into public companies.

KCMH is a debt-free company that has been profitable almost every quarter since inception.

KCMH has submitted an S-1 to the SEC for Geenius, Inc to get Geenius trading on the OTCBB this year.

KCMH has five major divisions: KCM Strategic Media and Branding, Alternative Asset and Hedge Fund Management, Non-profit innovation and sustainability, Comprehensive Insurance brokerage, Primary Incubation and Consulting.

All divisions of KCMH have continued to grow over the last 2 years, despite a troubled economy.

KCMH has refined its Alternative Asset Management Division strategy to expand its proprietary hedge fund to $100MM under management.

Medical Connections Holdings, Inc. Reports on M&A Opportunities

admin — Thu, 19 Nov 2009 16:14:21 +0000

BOCA RATON, Fla.–(BUSINESS WIRE)–Medical Connections Holdings, Inc. (OTCBB:MCTH – News), a national provider of medical recruitment and staffing services, reported today on the status of the merger and acquisition opportunities that exist in the healthcare services arena.

During the second half of 2010, the Company expects that M&A activity will remain strong as business owners are looking to capitalize on liquidity options prior to the anticipated increase in capital gains tax rates in 2011. Additionally, the increasing focus of investors looking to place more capital into healthcare services investments, as well as with strategic buyers seeking acquisitions to supplement organic growth in order to maintain or increase market share, will be major factors in the continuing expansion of M&A activity in the healthcare services sector.

Anthony Nicolosi, Company President, stated, “We are finding many local attractive acquisition targets as we implement growth through our acquisition model. We are finding the M&A marketplace to be active with reasonable expectations on the part of owners looking to obtain some liquidity. All in all, we expect the next 6-12 months to be quite productive. More shareholder updates on our local findings as well as an update on the TruStaff acquisition will be forthcoming in the near term.”

Medical Connections, Inc. is a national provider of medical recruitment and staffing services. The Company’s business is to identify, select and place the industry’s most talented healthcare specialists, nurses, pharmacists, physicians and hospital management executives. The Company provides recruiting and staffing services for permanent and contract positions, leaving options for both clients and candidates to decide the optimal formula for working together.

With headquarters in Boca Raton, Florida, Medical Connections is ideally positioned to increase its presence in the U.S. healthcare market. Medical Connections Holdings, Inc. is a fully reporting company trading on the OTC B/B under the ticker: MCTH.

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KCM HOLDINGS Refines Alternative Assets Management Arm Targeting Initial $1MM Expanding to $100MM

admin — Thu, 17 Sep 2009 14:45:53 +0000

FRISCO, TX–(Marketwire – 05/12/10) – KCM HOLDINGS CORP. (Pinksheets:KCMH – News) announced strategic advancements for its subsidiary KCM Trading Group to refine its existing alternative assets model targeting an initial $1MM under account management. KCM Trading Group currently manages an internal proprietary hedge fund and will shortly provide additional financial vehicles to increase revenue and shareholder equity. Once this model is proven, the company plans on expansion targets of $100MM in total assets under management.

“For the past couple years we have been building a solid revenue base, increasing profits every quarter and remaining debt free,” says Donald Klein, CEO of KCM Holdings and hedge fund managing partner, “and this year we’ve begun to refine our models based upon the invaluable market experience gained. This both simplifies operational models while presenting high leverage opportunities and maximum risk mitigation through sound investment vehicles.”

KCMH has secured key agreements and partnerships with financial institutions as part of the refinement strategy. The model will enhance all KCMH incubated ventures, both publicly traded and private to increase the company’s market value. This will also generate revenue for the KCM Venture Philanthropy group to support its global humanitarian project network.

KCMH on Twitter: Twitter.com/KCMHoldings.

About KCMH:
KCMH is a strategic business development holdings company. www.thekcmgroup.com.

Vitol S.A. and Revonergy Inc. Sign Emission Reduction Purchase Agreement for Wood Waste-To-Energy Project

admin — Thu, 17 Sep 2009 14:43:11 +0000

LONDON–(BUSINESS WIRE)–Revonergy Inc. (“Revonergy” or the “Company”) (OTCBB-RNRG) announces that its wholly owned subsidiary, Revonergy Biopower Limited (“RBP”) has entered into an Emission Reduction Purchase Agreement (“ERPA”) with Swiss based Vitol S.A. (“Vitol”), a member of the Vitol Group (www.vitol.com).

This agreement is for the sale by RBP to Vitol of Certified Emission Reductions (“CERs”) generated by Revonergy’s wood waste to energy project (“Project”) in Ondo State in Nigeria, West Africa. This Project is in the development stage and is projected to have a capacity of 14MW.

Renewable Energy is energy created from either renewable fuels or sources of energy that do not consume natural resources.

“We are very pleased to be able to enter into this agreement with Vitol”, said Ravi Daswani, CEO & President of Revonergy Inc. “Vitol is a world leader in CER trading and this agreement is a significant component in the development of our Ondo Project.”

“This agreement with Revonergy further demonstrates our commitment to building our carbon presence in Africa and globally, and we continue to seek quality opportunities and partners”, said Michael Curran, head of Vitol’s CO2 book based in Geneva.

About Revonergy Inc.

Revonergy Inc. is engaged in the acquisition, development and operation of renewable energy power plants globally. The Company is focused on renewable energy projects that have the potential to generate long-term stable cash flows and renewable energy credits. For more information see www.revonergy.com

About Vitol S.A.

Vitol is the world’s largest independent oil trading company. In 2009, the revenues are around $ 143 billion.

Vitol Carbon is one of the world’s leading players in the Carbon market. They are the offtaker of approximately 140m tones of contracted CER/ERU volume up to 2012, distributed across over 250 projects and have rights on many more tones post 2012. Vitol’s trading activity can contribute anywhere between 5%-15% of the EU ETS market, typically trading between 5 million and 15 million tones per week of futures and options market.

Market Advisors Inc. Initiates Coverage on Source Gold Corp. With a $1.35 Price Target

admin — Thu, 17 Sep 2009 05:24:59 +0000

TORONTO, ONTARIO–(Marketwire – 02/22/10) – Market Advisors Inc., has initiated coverage of Source Gold Corp. (OTC.BB:SRGL – News) resulting in a short term price target of $1.35.

The report highlights the value proposition of Source Gold Corp.’s KRK West claims in the Beardmore-Geraldton Gold Camp in Ontario, Canada. The Beardmore-Geraldton area has been described as one of the most prolific gold districts in Canada. Source Gold recently announced positive gold and copper values on initial assays from a trenching program carried out on the KRK West Property. The report details Source Gold’s interests in the KRK West Property, as well as other business highlights.

For a limited time, interested parties may obtain the report at www.marketadvisorsinc.com for free.

Source Gold (SRGL.OB) has not paid for this independent research report.

About Market Advisors Inc.

Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have often been quoted in a wide array of financial publications such as the Wall Street Journal, Investors Business Daily, Barron’s, Forbes Magazine and The Dick Davis Digest to name a few.

About Source Gold

Source Gold Corp. is a publicly traded junior mineral exploration company trading under the symbol SRGL.OB. The Company’s corporate philosophy is to build shareholder value through the exploration and development of high quality mining and exploration projects in Canada, concentrating on gold in the prolific Beardmore-Geraldton Gold Camp in North Western Ontario.

Submitted on behalf of the board of directors

Lauren Notar, President/CEO

Source Gold Corp.

Wages Grow for Those With Jobs, New Figures Show

admin — Thu, 17 Sep 2009 04:21:43 +0000

by David Leonhardt
Wednesday, September 16, 2009

provided by

Last winter, stories of companies cutting their workers’ pay were everywhere. FedEx said in December that it would reduce the pay of salaried workers by 5 percent. Caterpillar announced it would cut pay by up to 15 percent. The employees of a General Motors dealership near Philadelphia agreed to work one week for minimum wage.

First-time jobless claims expected to rise

admin — Thu, 17 Sep 2009 04:11:08 +0000

Unemployment claims expected to rise as jobs remain scarce; housing starts set to increase

By Christopher S. Rugaber, AP Economics Writer
On Thursday September 17, 2009, 12:01 am EDT

WASHINGTON (AP) — The number of newly laid-off workers seeking unemployment benefits likely rose last week, evidence that jobs remain scarce.

Wall Street economists forecast that first-time claims for unemployment insurance rose to a seasonally-adjusted 555,000 last week from 550,000 the previous week, according to a survey by Thomson Reuters. The number of people remaining on the jobless benefit rolls also is expected to increase slightly, to 6.1 million from 6.09 million.

The Labor Department report scheduled for Thursday comes even as the Federal Reserve said Wednesday that production by the nation’s factories, mines and utilities increased for the second straight month in August, the latest sign the economy is recovering. Inflation, meanwhile, remains essentially nonexistent, as prices rose only modestly last month.

Still, the economy isn’t improving fast enough to spur greater hiring. Jobless benefit claims have trended down since topping 670,000 in early April, but remain far above the 325,000 per week associated with a healthy economy.

Fed Chairman Ben Bernanke on Tuesday said the recession is likely over, though he noted that the economy isn’t likely to grow fast enough to lower unemployment anytime soon. Most economists expect the jobless rate to top 10 percent next year, up from its current 9.7 percent.

A separate report Thursday is expected to show that new home construction rose in August after dipping a month earlier, as builders regroup from the worst downturn in decades.

Analysts expect construction of new homes and apartments to grow 3.3 percent to a seasonally adjusted annual rate of 600,000. Building permits, seen as a good indicator of future activity, are expected to rise 3.6 percent to an annual rate of 580,000 units.

New home construction rose to the highest level in seven months in June before slipping a bit in July, led by a 13 percent drop in apartment building. Construction of single-family homes, meanwhile, has risen for five straight months and in July reached the highest level since October 2008.

Builders have been ramping up because buyers want to take advantage of a new federal tax credit for first-time homebuyers. It covers 10 percent of a home price up to $8,000, and is set to expire at the end of November.

The National Association of Home Builders said its housing market index rose in September, reflecting growing optimism in the industry about rising home sales.

The Fed said Wednesday that industrial production rose 0.8 percent in August, ahead of analysts’ estimates, as auto makers benefited from the government’s Cash for Clunkers program.

But analysts were impressed that output rose broadly across industries.

“Vehicles are not the whole story,” Nigel Gault, chief U.S. economist at IHS Global Insight, said in a note to clients.

Still, the pace of growth is expected to slow later this year. That’s partly because the stimulative effect of the clunkers program, which issued rebates for people who traded in older gas-guzzlers for new, fuel-efficient models, will fade.

But industrial stockpiles are so low that production should keep rising even as consumer spending remains weak, economists said. Companies had cut their stockpiles by a record $159.2 billion in the second quarter. Low inventories tend to signal higher output ahead, because companies eventually must produce more to refill their depleted stockpiles.

Manufacturers “are in a catch-up mode right now,” Gault said. “They’re adjusting for the fact that the level of demand didn’t meet their worst fears.”

Factory output, the single-biggest slice of overall industrial activity, also rose for the second straight month.

Despite the recent gains, industrial companies are still operating well below capacity. The operating rate in August was 69.6 percent, under the 80 percent consistent with a healthy economy.

Consumer spending, which accounts for about 70 percent of the economy, is forecast by many economists to grow weakly next year. Shoppers are holding back in the face of job losses, stagnant incomes and tight credit.

Growth in other areas could pick up some of the slack in consumer spending. Manufacturers have been aided by recent increases in exports, as economies in Europe and Asia rebound. Business investment also shows signs of improving.

Inflation, meanwhile, remains nowhere in sight. The Consumer Price Index rose just 0.4 percent in August, after a flat reading in July, the government said Wednesday. Prices fell 1.5 percent in the past year, as gas prices dropped sharply from record levels last summer.

The “core” CPI, which excludes volatile food and energy prices, ticked up a scant 0.1 percent, matching expectations. Over the 12 months ending in August, the core rate rose 1.4 percent — the smallest such increase in more than five years.

That means the Fed faces no pressure to raise its benchmark interest rate, a step it would take to ward off high inflation. The Fed has reduced the rate it charges banks for overnight loans to a record low of nearly zero to try to revive the economy.

Smart-Tek Solutions, Inc. Increases Revenues 240% vs. 2009

admin — Wed, 16 Sep 2009 16:16:59 +0000

NEWPORT BEACH, Calif., May 17 /PRNewswire-FirstCall/ — Led by its Smart-Tek Automated Services subsidiary, Smart-Tek Solutions, Inc. (OTC Bulletin Board:STTN.ob – News) reported a revenue increase of 240.2% in its most recently filed Form 10-Q for the nine-month ended March 31, 2010. During that same period Smart-Tek’s gross profits were $2,610,359—more than quadruple the $614,348 gross profits during the comparative period in 2009. Smart-Tek Automated Services, Inc., which generated $568,959 net income in for the Quarter ending March 31, 2010 alone, accounted for 51.2% of the company’s gross profit and 53.6% of its total revenues during the most recent three quarters.

Smart-Tek Automated Services is capitalizing on rising demand in the Professional Employer Organization (PEO) business, which it officially entered in August 2009. PEOs enable companies to outsource back-office operations such as payroll processing, human resources support, workers’ compensation insurance, safety programs, employee benefits, and other administrative tasks. The company also offers a variety of staff leasing, temporary staffing and co-employment solutions.

The past few months have included numerous significant achievements in the company’s growth strategy. In April, the Company announced that it had completed business licensing and registration requirement in 33 new states, with the goal of doing so throughout the continental U.S. to handle multistate clients. (The Company already has the ability to sell workers’ compensation insurance in the Lower 48.) Other recent positive news included signing an agreement to provide PEO services to a national staffing firm, representing approximately $30 million in annual gross billings, as well as announcement of plans to capitalize on the booming China market with dedicated operations located in Hong Kong. The new office exposes the company to the influx of multinationals with a presence in Asia as well as the 800 million Chinese work force.

“Our increase in sales activity is due, in part, to the demand for better human resource (HR) outsourcing solutions from small to medium sized business owners,” said Brian Bonar, Smart-Tek Solutions CEO. “I expect continued growth in our business segment and believe we are poised to establish ourselves as an industry leader in the human resource outsourcing industry in 2010.”

The reported financial results exceeded the Company’s forecasts released for the comparative reporting period. “While I am optimistic about the future, we are continuing to evaluate our growth potential in the near and long-term future and expect to release additional forecasts this summer,” Bonar said.

Complete financial statements (unaudited) with notes thereto are provided with the Company’s Form 10Q filed with the Securities and Exchange Commission.

www.smart-tekservices.com

About Smart-Tek Solutions, Inc:

Smart-Tek Solutions, Inc. generates revenue from the installation of security systems in construction projects. Its board is currently in negotiations to sell its original business and focus entirely on the PEO business of its wholly owned Smart-Tek Automated subsidiary, in order to achieve the best value for its shareholders. The original business generated $3.3 million and $3.8 million of revenue in 2009 and 2008 respectively, and $0 and ($3.1) loss of earnings in 2009 and 2008 respectively.

About Smart-Tek Automated Services, Inc.:

Smart-Tek Automated Services, Inc., provides financial services to small and medium-size businesses, relieving its clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers’ compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing: staff leasing, temporary staffing and co-employment. It not only provides core services, but a wide selection of employee and employer benefits and aftermarket products.