Category Archives: OTC

PHI Group, Inc. (PHIL: OTCQB) | PHI Group Forms Strategic Alliance with Tho Xuan Duong JSC, a Vietnamese Traditional Medicine and Herbal Company with Nearly 400 Years’ History

NEW YORK, Aug. 22, 2017 (GLOBE NEWSWIRE) — PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, healthcare and special situations, announced today that it has signed a Master Business Cooperation Agreement with Tho Xuan Duong Joint Stock Company (“TXD”), a Vietnamese company recognized by Guinness World Records with nearly four centuries of history in Vietnamese traditional medicine and herbs.

According to the Agreement, PHIL will assist TXD to promote and advertise TXD’s history, brand and traditional medicinal products and treatments on a global basis; set up manufacturing facilities and/or establish strategic alliances with pharmaceutical production and distribution companies in Europe, the United States, the Middle East, Central and South America, Africa and other selective geographical areas; and access funding sources to implement TXD’s business plan.

In addition, PHIL considers acquiring an equity interest in TXD and/or exchange of ownership between the two companies by way of stock swap to form a strategic alliance.   PHIL will cooperate with TXD to build and develop raw material areas, preliminary and full-scale processing facilities for herbal medicines, and herbal medicine tourism area in Sapa, Lao Cai Province, Northern Vietnam.   PHI will also assist TXD to obtain special medical devices using Low Level Laser Light Therapy technologies developed by American Laser Healthcare Corp., a US company, which has been cleared by the U.S. FDA for pain treatment, needleless acupuncture, and other diseases.

Dr. Giang Tuan Phung, Chairman and CEO of Tho Xuan Duong, stated, “We are excited to collaborate with PHI Group to develop additional raw material areas, modernize our processing capabilities, and broaden our reach to selective international markets to make our precious herbal healthcare products and services available to users on a global basis.”

Henry Fahman, CEO of PHI Group, said, “We are delighted to work with TXD and confident that our cooperation will greatly benefit not only shareholders of both companies but also many people all over the world by making TXD’s products more accessible.”

On another note, PHI Group is in the process of acquiring a 20-year old pharmaceutical and medical device distribution company in Europe as a platform to provide Tho Xuan Duong’s products to European countries.

About PHI Group
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value.  PHI Group also provides MA and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com)

About Tho Xuan Duong
Following the tradition of nearly four centuries through sixteen generations, starting with Mr. Phung Van Duong at the Le Dynasty Medical Institute in Vietnam, Tho Xuan Duong is the oldest traditional medicine company in Vietnam, recognized by Guinness World Records. The Company provides prized herbal medicinal products and treatments for a wide variety of diseases.  It has treated patients from over a hundred countries around the world. TXD is in the process of developing additional raw material areas, preliminary and full-scale processing facilities for herbal medicines, and herbal medicine tourism area in Sapa, Lao Cai Province, Northern Vietnam. Website: www.thoxuanduong.com

Safe Harbor
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.

Press Contact:
Henry Fahman
+1-702-475-5430
henry@phiglobal.com

Article source: http://www.otcmarkets.com/stock/PHIL/news?id=167886

Blow & Drive Interlock Corp. (BDIC: OTCQB) | BDIC Reports Record Revenues: Announces Second Quarter 2017 Results

BDIC Reports Record Revenues: Announces Second Quarter 2017 Results

Aug 22, 2017

OTC Disclosure News Service

– BDIC Reports Record Revenues: Announces Second Quarter 2017 Results

BDIC Reports Record Revenues: Announces Record Breaking Second Quarter 2017 Results

LOS ANGELES, CA–(Marketwired – Aug 22, 2017) – Blow and Drive Interlock Corporation (OTCQB: BDIC), yesterday announced results for the fiscal quarter ended June 2017. BDIC is pleased to announce record breaking revenues during the second quarter of 2017.

• Second quarter revenue increased 227% year-over-year.
• Second quarter gross profit increased 212% year-over-year.
• BDIC Eclipses over $1,000,000 worth of BDI-747 Monitoring Units leased and on reoccurring billing model.

Blow Drive
Consolidated Statements of Operations

 
Three Months Ended June 30,
 
2017
 
2016
 
 
 
 
 
 
Monitoring revenues
$
204,738
 
$
95,176
Distributorship revenues
 
106,719
 
 

Total revenues
 
311,457
 
 
95,176
 
 
 
 
 
 
Monitoring cost of revenue
 
46,085
 
 
11,163
Distributorship cost of revenues
 
2,500
 
 

Total cost of revenues
 
48,585
 
 
11,163
Gross Profit
 
262,872
 
 
84,013

Commenting on the results, Laurence Wainer, BDIC’s chief executive officer said “I am pleased to report a record breaking quarter. BDIC grew faster than the market across all geographies driven by success with our wireless ignition interlock product. Our phones continue to ring off the hook as we continue to generate significant sales growth in California, Oregon and Arizona; the 3 states where we have significant infrastructure and aggressive marketing campaigns. As funds for our production become more available, all we need do is turn on the marketing tap in the other nine states where we are approved and we could easily capture significantly more market share, putting thousands of more units on the road.

As we move into the second half of the fiscal year, we plan to refine our manufacturing process and increase our marketing and even more aggressively pursue sales; I believe we are well positioned to continue posting strong results both in revenues and market share. It has been 18 months since we leased our very first BDI-747 to our very first court ordered client and today we have own over 3400 units, $1,000,000 worth of BDI-747’s manufactured, delivered, sold and installed on the road collecting over $100,000 per month in reoccurring revenue and we are well on our way to establishing ourselves as a leading nationwide BAIID manufacturer and provider.

I would also like to comment briefly on our general and administrative expenses as these financial statements are based on GAAP accounting principles. This increase would have been smaller except for we paid a settlement of $50,000 to an ex-employee as well as a preferred stock purchase agreement with myself for preferred, restricted, non-tradable stock in exchange for approximately $45,000 of debt owed to me by BDIC. This transaction was applied as an expense under general and administrative expenses at $350,000 but in reality didn’t cost BDIC a single penny.. In quarters that we do not have similar one-time transactions we expect our general and administrative expenses to drop around 65% to around $125,000 to $150,000 per quarter for the foreseeable future.

FORWARD-LOOKING DISCLAIMER
This report may contain certain forward-looking statements and information. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.

Laurence Wainer
Chief Executive Officer
5503 Cahuenga Blvd., #203 Los Angeles, CA 91601
www.blowanddrive.com
877 238-4492

Copyright © 2017 Marketwired. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/BDIC/news?id=167797

Kerr Mines Inc. (KERMF: OTCQB) | Kerr Mines Mobilizes Mine Development Contractor at Copperstone Mine

TORONTO, Aug. 21, 2017 /PRNewswire/ – Kerr Mines Inc. (“Kerr” or the “Company”) (TSX: KER, OTC: KERMF, FRA: 7AZ1) is pleased to announce that it has initiated the first phase of the underground drill access mine development for the 2017 Copperstone Mine exploration/development program and pre-feasibility study.  Approximately 1,200 feet of new exploration drift is planned to be completed in the first phase.  This drift will provide first-time underground drill access to facilitate further definition of the parallel Footwall Zone and to enhance the existing resource in the Copperstone Zone. 

The new underground drift will be accessed from existing workings and will extend mine access drifting by approximately 1,200 feet to the Southeast, along the strike of the Copperstone Zone.  This access is placed between the Copperstone Zone and the parallel Footwall Zone, giving exploration and development drilling access to both zones.   The drift is strategically placed in the footwall of the Copperstone Zone, to provide access for potential future mining.

The objective of the exploration drilling is to continue to build from prior successful drilling results in the Footwall Zone which has indicated similar attitude, rock type, alteration, width and grade as is seen the Copperstone Zone. It is also designed to increase the resource confidence level of the Copperstone Zone along strike and increase its down dip extension. 

“DMC Mining Services , our mine development contractor, has done an excellent job of preparing for this work.  All of their equipment has arrived at the Copperstone Mine site and they will be commencing mining by the end of the week. The access to drilling that the drift will provide is an investment in the current 2017 Copperstone exploration and resource enhancement program, and is an investment in the future development of this former producing mine. The 2017 Copperstone exploration and development program is the cornerstone of the forthcoming pre-feasibility study and is a key component to the strategy of advancing the Copperstone Mine project towards a production decision, ” said Martin Kostuik, President Kerr Mines.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Michael R. Smith, Registered Geologist, a “Qualified Person” as defined by NI 43-101 for this project.

About Kerr Mines Inc.
Kerr Mines is a North American gold development and exploration company currently advancing the fully permitted past-producing Copperstone Mine project. Copperstone is a high-grade gold project located along the Walker Lane mineral belt in mining-friendly Arizona. The project demonstrates significant upside exploration potential within 12,000 acre a land package which includes a production history of over 500,000 ounces of gold. The Company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and strengthening the mine’s economics leading to a production decision.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements, including current expectations on the timing of the commencement of production and the rate of production, if commenced. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about Kerr Mines’ business are more fully discussed in the Company’s disclosure materials, including its annual information form and MDA, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Kerr Mines assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release and no stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Kerr Mines Inc.

Article source: http://www.otcmarkets.com/stock/KERMF/news?id=167771

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