Obsidian Financial’s Stock Market Morning News for Tuesday January 17, 2012
New York 1/17/2012 03:02 PM GMT (WooEB)
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Stereo Vision Entertainment Inc. (OTC: SVSN) announced today 1/17/12, that on January 11th 2012 at London's BETT show, their minority owned subsidiary, Instant Effects, acquired in the REZN8 buyout, along with J/V partner White Space Productions, debuted their new 3D social media community `3D Hub'. 3D Hub is dedicated to promoting interactive 3D technologies to improve the classroom experience.
3D-Hub is based on years of research to find the most effective techniques for the interactive presentation of teaching and training materials, and providing software for the display of 3D "virtual models" that can be manipulated, animated, and disassembled interactively.
Mark Reynard, 3D-Hub Commercial Director, adds, "After gathering input from more than 100 educators, and coupling that with our own event production experience, we designed a collaborative approach to building and delivering 3D classroom content that we believe is ideal for teachers, students, and content creators alike. We are looking forward to helping improve the efficacy and excitement of modern classroom instruction."
"This Instant Effects technological advancement demonstrates Stereo Vision's commitment to adding shareholder value by capitalizing on 3D's wide array of commercial applications," stated Stereo Vision Chairman and CEO Jack Honour. "We're very fortunate to be partnered with visionaries the likes of Instant Effects CEO Dr. Don Brittain Ph.D., and REZN8's nine time Emmy Award winning CEO, Paul Sidlo. The opportunities in the social media sector are boundless. With the guidance of Don, Paul, and company we're now fully capable of competing in the social media sector, and doing so in real time 3D."
To view the full press release for Stereo Vision Entertainment Inc. (OTC: SVSN), click here
Other Highlights Include:North Springs Resources Corp. (OTC: NSRS) recently announced a Letter of Intent ("LOI") to acquire a ten percent (10%) interest in a high-potential gold exploration property in Ghana, Africa. The property concession covers an area of approximately 5,100 acres located in the southeastern portion of Ghana's historic Ashanti Gold Belt and is situated less than one mile from the border of a gold mining property that is currently producing in excess of 175,000 oz. of gold and $280 million in gross revenue per year.
Previous exploration conducted by Newmont Gold and others has included extensive geophysical (aeromagnetic) interpretation, soil and stream sediment sampling, trenching, auger drilling, and rock chip sampling. To date, four distinct mineralized gold zones have been identified on the property, two of which share contact with the unique geological structure that hosts gold mineralization at the open pit gold mines currently operating less than one mile away.
"This has all the makings of a world-class exploration play and an incredible opportunity for North Springs to quickly become a significant player in the Ashanti Gold Belt, one of the world's hottest gold mining regions," said Harry Lappa, President of North Springs. "The results from the project have been very promising and the property's close proximity and similar geology to so many multi-million ounce gold deposits make this one of the most exciting prospects we have evaluated recently."
Terms of the LOI call for North Springs to advance $150,000 to the vendors within ten (10) days and make an additional payment of $100,000 within thirty (30) days. North Springs also anticipates funding a multi-phase work commitment on the property in 2012. The proposed transaction remains subject to, among other things, North Springs and the current property holders entering into a definitive agreement. There can be no assurance that the transaction will be completed as proposed or at all. If and when a definitive agreement is memorialized, additional details regarding this transaction will be forthcoming.
Obsidian Financial gainers are: ZAGG Inc. (NASDAQ: ZAGG), Idenix Pharmaceuticals Inc. (NASDAQ: IDIX), BroadVision Inc. (NASDAQ: BVSN), Mission NewEnergy Limited (NASDAQ: MNEL), Array BioPharma Inc. (NASDAQ: ARRY), Rovi Corporation (NASDAQ: ROVI), Amicus Therapeutics Inc. (NASDAQ: FOLD), Patrick Industries Inc. (NASDAQ: PATK), Emmis Communications Corporation (NASDAQ: EMMSP), First California Financial Group Inc. (NASDAQ: FCAL)
Obsidian Financial decliners are: Metabolix Inc. (NASDAQ: MBLX), Tesla Motors Inc. (NASDAQ: TSLA), JDA Software Group Inc. (NASDAQ: JDAS), Trius Therapeutics Inc. (NASDAQ: TSRX), Diamond Foods Inc. (NASDAQ: DMND), James River Coal Company (NASDAQ: JRCC), Market Leader Inc. (NASDAQ: LEDR), Canadian Solar Inc. (NASDAQ: CSIQ), New Century Bancorp Inc. (NASDAQ: NCBC), Gaiam Inc. (NASDAQ: GAIA)
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All material herein was prepared by Obsidian Financial Communications, Inc. (OFC) based upon information believed to be reliable. The information contained herein is not guaranteed by OFC to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OFC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://OFinancialinc.com or mentioned herein. Stereo Vision Entertainment Inc. (SVSN) - Obsidian Financial Communications Inc. (OFC) has been compensated five thousand ($5,000.00) dollars for Stereo Vision Entertainment Inc. North Springs Resources Corp. (OTC: NSRS) - OFC has not been compensated for NSRS. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. OFC's affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the companies mentioned herein and may profit in the event those shares rise in value. OFC will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. To see OFC's full disclaimer / compensation, please visit our web site: http://ofinancialinc.com/disclaimer
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