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The Changing Economic Tone |
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It's starting to happen. The unofficial
OTC
Journal survey of small businesses indicates there is a resurgence
of growth after what has really been a year long recession.
Some would say both the Bear Market
and the recession started back in the Fall. Not so. Looking back, I can
state my view- I believe the Bear Market began in January of 2008.
The recession started to gather steam
in the Spring of '08, and by the Fall of '08 the dark scientists in the
world of economics were widely heard using the phrase "World Wide Depression",
and the CNBC talking heads were busy bringing out images of 1930's soup
lines.
I have my own unofficial survey of
the "tone" of the business world. I can tell you there was a one quarter
bobble in China in Q1 of '09. Contributing factors were the global environment
in Q4 of '08 and the seasonal slowness of Q1 in China. Q2 will be much
better for a lot of companies, and in Q3 China will be absolutely rocking,
but dancing to the tune of different fuel on the GDP fire- internal growth
instead of export driven manufacturing growth. With 40% of GDP being the
consumer vs 70% in the US, there's a long ways to go.
My stateside survey shows (sorry
to use the cliché) green shoots in many of the small companies I
follow. The more CEO's I talk to, the more optimism I hear vs how things
were in Q1. I suspect the US will return to positive GDP growth in Q3,
and the tone of the market should be much firmer.
Individual investors are starting
to come back into the micro cap or "penny" arena. Today's microcap investor
seems to be willing to take the risk, but have pretty itchy trigger fingers
and have been very selective.
As companies start delivering better
results and report progress in their growth, this will change for the better,
and we'll see stocks trade up and hold for the first time in a long time.
By year's end, the Bull will be fully back, and we should have some companies
really kicking it. Hot Penny stocks will come back into vogue.
Below is an example. I felt their
relationship with US Government owned Unicor was worth a lot, and
now it's translating into contracts in the solar world. More like this
to come for a lot of companies. Read on.
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IX Energy (OTC BB: IXEH):
Contracts Starting To Roll In |
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IX Energy is starting to live
up to the "Awesome Burden of Potential" that I originally saw in them when
we started covering IXEH back on May 14th.
New contracts signings have not flowed
in fast and furious enough to keep the stock from slipping below my original
entry level, so if you adhered to my SSL (Suggested Stop Loss) you
should have gotten out considerably higher than where it is today.
Nevertheless, their exclusive relationship
with US Government owned Unicor is already paying off in the form
of new contracts for government installations. Their Otisville NY manufacturing
facility at the US Prison Facility is gearing up to handle volume.
The federal government has a mandate
to increase its renewable energy use to 5% by 2010, and to 7.5% by 2013.
There's already interest from the offices of Veterans Affairs, the Interior,
the Army, and the General Services Administration for solar design and
installation bids, with multiple projects imbedded in each one. It adds
up to many millions in contracts for IXEH over the coming months
and years.
With the Unicor facility up and operational,
the contracts are starting to roll in. IXEH has the inside track
on the US Government solar installations, and it could add up to hundreds
of millions in contracts over the coming months and years.
Today IXEH announced it has
landed a contract to do the Solar Installation for a VA Health care Hospital
in Ann Arbor, Michigan. The size of the contract was not announced, but
the contract serves as proof they can deliver hard dollars out of this
relationship.
This is one of the early ones in
what should be a series of many contracts just like this one. Also- please
note this is not a start up company- despite delivering losses, IXEH
also delivered $10 million in business in 2008 up from a
virtual zero- nothing to sneeze at.
IXEH came down hard from over
$.60, but investors are now starting to have another look. There doesn't
seem to be any supply below the $.25 mark, and that's a positive. As you
can see from the green horizontal line, all trips down the $.25 have served
as a bottom.
On the other side, one recent surge
when the company announced the completion of a solar roof top system in
Warwick, NY was short lived as the stock approached the $.40 level.
Today's news of the contract award
of a VA Hospital in Michigan could help the stock head back up. At the
moment- accumulation between the $.25 and $.30 levels seems
to offer a lot of upside and is the suggested entry level.
As more and more investors become
convinced this is for real, we could see the bids come back. If we can
just get to where it was in the early going- those who accumulate between
that $.25 and $.30 level could double their money. I believe
it could easily happen this year. Keep 'em coming IXEH- the market
will start to believe sooner or later.
Here's today's news:
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IX Energy and
Legatus6 Awarded Solar Rooftop Project at VA Medical Center
IX
Energy Holdings, Inc. (OTC.BB: IXEH), a company engaged in the development
of solar power and other renewable energy solutions for the federal government
and commercial markets, announced that it is teaming with Legatus6 in a
procurement 100% set-aside for service-disabled, veteran-owned, small businesses
(SDVOSB) to design and build a solar rooftop array at the Veterans Affairs
(VA) Ann Arbor Health Care System in Michigan.
The system is part of
a Veterans Affairs-wide push to use renewable energy under an order signed
by President Bush in January 2007 to improve energy efficiency and reduce
greenhouse gas emissions by 3% per year or 30% by the end of 2015.
Steve Hoffmann, CEO of
IX Energy, said, "Hospitals are significant consumers of energy, with large
carbon footprints, so they are a good fit for clean renewable solar power.
In addition, VA hospitals are also under a broader federal mandate for
government agencies to increase their consumption of renewable energy,
which is creating more demand and opportunities in the market. We are pleased
to work with this VA facility in its effort to increase its use of renewable
energy."
Hoffmann added, "This
is the first solar project we have won through our recently announced teaming
agreement with Legatus6. In addition, we are seeing an increasing level
of opportunities in the federal markets for facilities and agencies responding
to mandates for renewable energy and reduction of their carbon footprints."
Robert Bowe, CEO of Legatus6,
said, "We are pleased to have been selected to deliver this solar array
to the VA medical center in Ann Arbor. The Ann Arbor VA has taken the lead
in terms of its commitment to renewable energy, and as renewable energy
is a core offering of Legatus6, we are looking forward to helping it achieve
its energy objectives."
About Legatus6
Legatus6, founded in
2007, is a Service Disabled Veteran Owned Small Business (SDVOSB) providing
professional services including program management, intelligence support,
information technology, logistics, base operations, and staffing to the
federal government. Bob Bowe, and his partner and President of Legatus6,
John McCann, both have extensive executive experience in industry. Bob
Bowe has over 28 years on active duty in the U.S. Army where, among other
senior officer assignments, he has had command responsibility for the operation
of large facilities, the type now being mandated to achieve energy savings
as described above. Past and current clients include the U.S. Army, Department
of Homeland Security, National Geospatial-Intelligence Agency, National
Institutes of Health, various Defense activities, and the Nuclear Regulatory
Commission. For more information about Legatus6 go to www.legatus6.com.
About Veterans Health
Administration (VHA)
VA operates the largest
direct health care delivery system in America. VA meets the health care
needs of America's veterans by providing a broad range of primary care,
specialized care, and related medical and social support services. VHA
has a wide range of land (15,708 acres), buildings (4,894) and equipment
to accomplish VA's mission.
About IX Energy Holdings,
Inc.
Founded in 2006, IX Energy,
Inc., the wholly owned subsidiary of IX Energy Holdings, Inc. is a renewable
energy services company engaged in the design, marketing development and
financing of solar power systems and other renewable energy solutions to
federal and commercial customers. In June, 2008, the Company entered into
a non-exclusive agreement with Federal Prison Industries, Inc. ("UNICOR"),
under which UNICOR provides the labor for assembly and production of solar
panels for the Company, and the Company sells the solar panels to Federal
customers. The agreement has a term of five years.
Forward-Looking Statements
Statements in this press
release that are not statements of historical or current fact constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
known and unknown risks, uncertainties and other unknown factors that could
cause the actual results of the Company to be materially different from
the historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements which explicitly
describe such risks and uncertainties, readers are urged to consider statements
with the terms "believes," "belief," "expects," "intends," "anticipates,"
"will" or "plans" to be uncertain and forward-looking. The forward-looking
statements contained herein are also subject generally to other risks and
uncertainties that are described from time to time in the Company's reports
and registration statements filed with the Securities and Exchange Commission.
Contact:
Company Contacts:
Corporate Communications
Aspire Clean Tech Communications,
Inc.
Todd M. Pitcher
760-798-4938
Rubenstein Investor
Relations
Tim Clemensen
212-843-9337
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