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Stock Pick January 2008 **HCPC**
About Heritage Capital Credit Corporation Symbol: HCPC.PK
The Company was organized in 1994 for the purpose of starting a bank and initially it was a licensed lender and originated residential mortgage loans. In 2004, the company reverse merged into a public company and began to focus on facilitating financing for revenue generating commercial real estate.
The company is a holding company that operates through a subsidiary, Independent Capital Credit Corporation ("ICCC"), whose primary services include the BCLOC Program along with traditional financing for revenue producing commercial real estate loans. ICCC facilitates financing in excess of $500,000.
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Related Companies
Independent Capital Credit Corporation ("ICCC") prepares real property and commercial revenue producing assets for funding. ICCC sells commercial mortgage loans in excess of $500,000 and makes the loans available to investors nationwide.
ICCC uses unique software to underwrite all of its financing solutions.
Heritage Capital Credit Corporation Describes BCLOC
Heritage Capital Credit Corporation responded to questions at its Annual Shareholders’ Meeting held on October 18, 2007. The number one key question that continues to be asked is “What is the BCLOC and how does it work?”
To address this question and to fully describe the BCLOC in plain language, the following is a comparison of the BCLOC with other lender funding.
In this example, Jane Doe has a business plan and wishes to acquire a commercial asset project (an office building, shopping center, hotel, apartment building, etc.)—in this case an office building with a price tag of $10 million.
The Other Lender Route will necessitate finding a bank or other lender who qualifies her for a loan of perhaps 80% of the commercial asset project, with a down payment of 20% from Jane’s pocket. She will need the services of a real estate lawyer.
What can go wrong after funding? Jane could face default and lose her 20% down payment along with her asset because of insufficient income from the project over several months’ time or because of problems with her business plan, and may need to secure a second mortgage to secure cash flow for the project and to make payments on the first loan. Even so, bankruptcy is always a possibility.
The Heritage BCLOC route will never involve bankruptcy and does not require Jane to post 20% down. Rough spots in cash flow from tenants need not sink Jane’s business plan. Here’s how it works:
Jane’s part: Jane provides Heritage with a letter of agreement showing she has worked out details of the purchase with the seller. Jane pays whatever legal fees, etc., are involved with this part of the process. She also provides Heritage with a business plan for operation of the asset and a signed agreement to acquire the commercial asset project. She will need the services of a securities lawyer with experience in real estate.
The role of Heritage: Once Heritage receives the signed agreement to acquire the commercial asset project and the business plan, Heritage will conduct due diligence of the project.
• Heritage expects to fund the first BCLOC, which will allow the Company to start its stock buy back program.
• Heritage is planning to launch a small commercial mortgage product to fund projects ranging from $500,000 to $1.5 million.
• A new commercial loan, named the TR2 Loan, will be rolled out. It is based on an 80% first mortgage and a 20% second mortgage that is flexible and provides an average interest rate that is lower than the current market rate.
• In early 2008, Heritage will introduce a residential mortgage product to answer the sub- prime crisis.
• Heritage will develop an action plan to merge with its conduit lender that will provide the capital infrastructure for launching new business and funding remaining BCLOCs in the pipeline.
Share structure
AS: 4 billion (as of 5th October 2007)
OS: 2.5 billion (as of December 1st 2007: Stated on HCPC website)
Float: 1.132 B (as of December 1st 2007: Stated on HCPC website)
Heritage Capital Credit Corporation
200 West Ninth Street
Suite 300
Wilmington, DE 19801
United States - Map
Phone: 302-778-4222
Fax: 302-658-5338
Website: http://www.heritagecapitalcreditcorp.com
COMPANY PRESS RELEASES
http://www.heritagecapitalcreditcorp.com/id12.html
Heritage Capital Credit Corporation Financial Statements
http://www.heritagecapitalcreditcorp.com/id5.html
Stocks Reporter has received no compensation in the form of cash or securities for coverage and has no position of HCPC shares.
Stocks Reporter December pick ** BLUE **
Stocks Reporter December pick ** BLUE **
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Business Description
Blue Holdings Inc., based in Commerce, CA, was formed by Paul Guez in September 2004. Through its wholly owned subsidiary Antik Denim, LLC, Blue Holdings designs, manufactures, and markets high-end vintage denim fashion jeans, apparel and accessories with an Old West flair. The Company is managed by seasoned fashion industry executives and professionals, and currently has over 122 employees. Blue Holdings completed a reverse merger transaction with Marine Jet Technology Corp. The common stock of Blue Holdings, Inc. is traded on the NASDAQ Capital Market under the symbol “BLUE”. Besides owning the “Antik Denim” brand, the Company is a licensee of three other brands: “Taverniti So Jeans”, “Faith Connexion” and “Yanuk”.
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Value Proposition
Blue Holdings Inc. is a rapidly growing designer and distributor of high-end fashion products capitalizing on the current denim fashions in the U.S. and internationally. The Company is recognized as one of the premier denim companies in the industry. Antik Denim, Taverniti, Faith Connexion and Yanuk are all enjoying strong growth both domestically and internationally.
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Investment Highlights
Brand Recognition. Since the introduction of its products in late 2004, Antik Denim and Taverniti have become recognized brands in both the United States and internationally, worn by such celebrities as Cameron Diaz, Jennifer Lopez and Paris Hilton. The Antik Denim signature designs of ornately decorated jeans with hand-wrought embroidery, patchwork pockets are the latest “must have” among Hollywood celebrities. The Antik Denim brand was featured on In Touch magazine as one of “Hollywood’s Must-have Denim.” Antik Denim, Taverniti, Faith Connexion and Yanuk brands have been seen on celebrities like Teri Hatcher, Hilary Duff, Jennifer Lopez, Jessica Simpson, Charlize Theron Kate Hudson and many more. Adding to the excitement have been fashion layouts in trend-setting publications such as Elle, Life & Style, Glamour, Marie Claire, Lucky, Bazaar, and Nylon.
Featured Designers. The designers of the Antik Denim brand have very strong track records in the fashion industry and have designed for major brands such as Diesel, Replay, and Chevignon. Taverniti So Jeans designed by renowned designer Jimmy Traverniti is known for his vintage military look, detailed patch work, and washes. Ilan Delouis the creator of Faith Connexion has designed a collection with a distinctive positive message.
Product Distribution. The Company’s high-end denim jeans retail between $148-$350 per pair. The Company has a two retail boutiques, located on Melrose Avenue in Los Angeles and the Westfield Fashion Mall in San Fransico and has showrooms in Los Angeles, New York, and Dallas. It sells its products in high-end boutiques and department stores, including Saks Fifth Avenue, Neiman Marcus, Nordstrom, Bloomingdales, Macy’s East, Kitson, Fred Segal, and Atrium. Besides the stores in the U.S., the Company’s products are also sold in fine retail stores located in Canada, Mexico, U.K. (and throughout Europe), Japan, Brazil, Israel, Lebanon, UAE, South Africa, and Korea.
Stocks Reporter has received no compensation in the form of cash or securities for coverage and has no position of BLUE shares.
NNTN Attend A Show in Las Vegas
Natural Nutrition’s Top Executives Attend Supply Side Show West in Las Vegas
OTTAWA, Nov. 8 /PRNewswire-FirstCall/—Top executives of sports and
nutritional product manufacturer, Natural Nutrition Inc., (OTC Bulletin
Board: NNTN) http://www.naturalnutritioninc.com will be visiting the Supply Side
Expo West in Las Vegas, the world’s largest event for healthy and
innovative ingredients with 1,000+ booths from November 6-8, 2007.
Interactive Nutrition’s professionals constantly travel to
ingredient/packaging trade shows year round researching hard to find
suppliers, cutting edge ingredients and packaging ideas. This is the
foundation of research and development for new product development.
Tim Connolly, CEO of Natural Nutrition added, “As Canada’s # 1 selling
brand, our Purchasing Department is always ahead of the curve in new, high
demand products, ensuring impeccable standards, timely product
introductions, and guaranteed consistency in our finished products.”
Ryan Neeb, Purchasing Coordinator at Interactive Nutrition added,
“Interactive Nutrition stocks nearly 650 raw materials and 350+ packaging
materials. This availability supports and is critical for the production of
hundreds of SKU’s under INII or one of our esteemed private labels. This
also promotes material liquidation from a distribution stand point
promoting profit, inventory rotation and increased cash flow. “The
Purchasing Department at Interactive Nutrition International Inc. (INII)
continuously strives for excellence in all categories of procurement:
Quality, Reliability and Price. Not one day goes by without a new customer
challenge and our Purchasing Department embraces those challenges bringing
new savings and ideas.”
InterACTIVE Nutrition International Inc. is a majority owned subsidiary
of publicly traded Natural Nutrition, Inc. (OTC Bulletin Board: NNTN) and
is partially owned by Corporate Strategies Merchant Bankers. InterACTIVE
Nutrition is an international leader in sports and nutritional supplements
backed by over 10 years of research, development and sales of sports
nutrition products in over fifteen countries throughout the world.
InterACTIVE Nutrition’s trusted products are scientifically formulated, and
manufactured to improve athletic performance and overall health. For more
information on any of InterACTIVE Nutrition’s products, please visit
http://www.interactivenutrition.com.
This press release contains forward-looking statements, which involve
known and unknown risks, uncertainties or other factors that could cause
actual results to materially differ from the results, performance or other
expectations implied by these forward-looking statements. Natural
Nutrition’s expectations regarding future sales and profitability assume,
among other things, stability in the economy and reasonable growth in the
demand for its products, the continued availability of raw materials at
affordable prices, retention of its key management and operating personnel,
as well as other factors detailed in Natural Nutrition’s filings with the
Securities and Exchange Commission. The forward-looking statements,
assumptions and factors stated or referred to in this press release are
based on information available to Consolidated Graphics today. Natural
Nutrition expressly disclaims any duty to provide updates to these
forward-looking statements, assumptions and other factors after the day of
this release to reflect the occurrence of events or circumstances or
changes in expectations.
CONTACT: Turnaround Partners /Corporate Strategies, Inc.
Marcy Dorotik
(713) 337-3717
news@corporate-strategies.net
SOURCE Natural Nutrition, Inc.