Inform Worldwide Holdings, Inc. (OTCBB: IWWI) seems to be making progress on various fronts, and the stock remains a "must see" for investors. Monday after the markets closed, the company, which recently received a $4.20 price target by Beacon Equity Research (see below), issued a press release announcing that one of its wholly owned subsidiary, PrimaCare Corporation ("PCC"), has entered into a Letter of Intent with Medical Resources, LLC ("MRLLC") in which PCC will acquire MRLLC with the closing of the transaction to take place once the required audits are completed. PCC and MRLLC will immediately start the integration of their business systems and management.
Medical Resources, LLC is a privately held company which over the last four years has successfully provided medical services through its approximately 30 medical clinics to the Gold Coast and south counties of Florida.
This is additional great news for the company, who also announced last week that another of its subsidiaries, One World Energy Corporation ("OWEC"), has entered into an Independent Contractor Agreement ("Contractor Agreement") with Ralph Smith & Son, Inc. ("Smith") under which OWEC has granted Smith the right of first refusal as mining operator for surface coal mining projects OWEC acquires. In addition, the Company and Beckham have entered into a Coal Bed Methane Lease covering the same acreage. The Company will also be obtaining the required permitting and bonding for the site.
As the company aims for revenue diversification through coal mining assets, and with production coming from two oil and gas projects, IWWI investors have something to get excited about! OWEC will provide the necessary operating capital and equipment for each project. Smith will receive forty percent (40%) of the net revenue generated from each project. As additional consideration for entering into the Contractor Agreement, Smith assigned all rights and privileges to the Motoncha and Selinger Leases ("Leases"). With the assignment of the Leases, OWEC now has completed acquisition of all the leases that make up the Nowrytown No.1 Mine Site. The Nowrytown No.1 Mine Site consists of 293 permitted acres and has historically produced approximately 3,000 tons of coal per month.
Various entities in the investment community are starting to take notice on the company. Beacon Equity Research Awards Inform Worldwide Holdings, Inc. with $4.20 Price Target! The research firm closed the report, "We are initiating coverage of Inform Worldwide with a Speculative Buy rating and a $4.20 price target, based on a four times multiple of cash flows from the oil and gas projects and the value of Nowrytown #1 coal deposits. Future updates from the Company indicating upward revisions in oil and gas reserves, success in expanding production from the current oil and gas projects and/or the formation of additional coal mining joint ventures would likely move the share price sharply higher.
To view the full report, go to: http://www.beaconequityresearch.com/report/IWWI.pdf
This is certainly another company for investors to watch closely!
Before the news was released, the stock closed Monday at $2.55 a share.
In case you're not familiar with the companies: Inform Worldwide Holdings, Inc. is a development stage company currently in the process of identifying, developing, and marketing global business opportunities with emphasis on natural resource development and servicing.
Ralph Smith & Son, Inc. was founder 1972 and has successfully completed thousands of mining and excavation projects and has operated as both a contract miner and operator of coal projects throughout the Appalachia region.
Other Stocks of interest yesterday were:
Arch Coal, Inc. (NYSE: ACI) down 5.9% on 5 million shares traded. Arch Coal is one of the nation's largest coal producers. The company's core business is providing U.S. power generators with clean-burning, low-sulfur coal for electric generation. Through its national network of mines, Arch supplies the fuel for approximately 6 percent of the electricity generated in the United States.
TXU Corp. (NYSE: TXU) up 0.08% on 6.8 million shares traded. TXU Corp., a Dallas-based energy holding company, has a portfolio of competitive and regulated energy subsidiaries, primarily in Texas, including TXU Energy, Luminant, and Oncor. TXU Energy is a competitive retailer that provides electricity and related services to 2.1 million electricity customers in Texas. Luminant is a competitive power generation business, including mining, wholesale marketing and trading, construction and development operations. Luminant has over 18,300 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity.
Apple Inc. (NASDAQ: AAPL) up 2.2% on 26.8 million shares traded. Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.
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