Duma Energy Corp. (DUMA)
Duma Energy remains busy with drilling operations intended to produce 1,000 boepd per day in 2012. Via its subsidiary, Galveston Bay Energy, LLC, the Redfish Reef Field in Galveston Bay Texas has been brought back into production. This field had been shut down for more than a year. The initial production beginning in April, 2012, coming from 5 of the 46 wells in the Redfish Reef Field, was approximately 143 barrels of oil per day and 2.3 million cubic feet of natural gas per day. Later this past May, 2012, Duma announced that the average production from the Company's Galveston Bay fields is now approximately 521 barrels of oil equivalent per day (boepd). This includes 342 barrels of oil per day as well as 1,075 thousand cubic feet of natural gas per day. The production has the potential to significantly increase Duma's cash flow.
Asked to comment about Redfish Reef being brought back online, Jeremy G. Driver, President and CEO of Duma said, "The addition of the Redfish Reef Field will greatly boost our revenue and cash flow. This field is a largely under-exploited asset and due to this, we are currently undertaking a large scale production optimization effort which should provide numerous opportunities for us to reach our year end production goal of 1,000 barrels of oil equivalent per day."
Duma continues to explore for oil as well. Duma, through its newly acquired subsidiary Namibia Exploration, Inc. (NEI), has recently acquired a 39% working interest in a Namibian petroleum concession of about 5.3 million acres, roughly the size of the state of Massachusetts. Hydrocarb Corporation of Nevada owns a 51% interest in the Owambo concession with the remaining 10% being held by NPC Namibia. "The Owambo Basin in Namibia, where our concession is located, is in the northern part of the country near the border of Angola. The exploration potential of this large concession is high and the preliminary data is encouraging," stated Jeremy G. Driver, Chairman and CEO of Duma. He went on to say, "This acquisition fits our stated strategy of producing domestic cash flow in order to fund high impact international opportunities."
Some in the industry believe Africa is significantly underexplored despite oil and gas discoveries by companies like Kosmos and Tullow PLC. Also, Chevron and Hyperdynamics have obtained interests in large plots of land and are setting aside billions of dollars for exploration. Asked for comment, Pasquale Scaturro, Hydrocarb's President and Chief Operating Officer stated, "The Owambo Basin... has all of the key ingredients for becoming a major oil province, including good reservoir and source rocks that extend into southern Angola, one of the top oil producers in Africa. The commercial terms of our Petroleum Contract are highly favorable and since our concessions are onshore, operating and exploration costs are a fraction of those offshore."
All in all, on both the production and exploration fronts, things continue to look very favorably for Duma.
Globalwise Investments, Inc. (GWIV)
Globalwise Investments, a developer and seller of enterprise content management ("ECM") solutions, continues to demonstrate its position as an industry leader. Total revenue for the second quarter of 2012 was $887,285, 146% greater than first quarter revenues of $360,328 and 52% greater than the $582,051 earned in the second quarter of 2011. According to William J. "BJ" Santiago, GlobalWise's CEO, "GlobalWise's dynamic approach to the ECM software market is taking hold in 2012." He continued, "Two important changes have occurred in the past 18 months that are becoming the catalysts for our extraordinary growth. First, the advancement of our ECM software to a cloud-delivery model reduces our cost of service delivery and time to installation. Second, moving from a domestic direct-sales model to an international Channel Partner strategy has dramatically increased our ability to sell our software to a greater number of clients in a lower-cost manner. Our second-quarter revenue growth of 146% vs. the prior quarter and 52% growth year-over-year is a direct, tangible result of these developments. Simply put, we're now selling more software faster and have reduced our average sales cycle from a historic 18 - 24 months to 3 - 6 months."
Additionally, Mr. Santiago was a featured speaker and panelist at the esteemed World Expo 2012 Managed Print Summit held July 17 - 19 in Las Vegas. The World Expo conference is the premier annual meeting for Managed Print Services (MPS) and Imaging industry executives and thought leaders. At the conference, Mr. Santiago spoke at a session called "The Secret Sauce of ECM in the Copier World." "The World Expo 2012 is the premier managed print conference in the industry," stated Mr. Santiago. He noted that "GlobalWise is moving into a much larger world of opportunity by presenting at this prestigious conference."
Significantly, GWIV's ECM software was named the number one ECM solution at the recent Global Transform 2012 conference by "The Week in Imaging." "The Week in Imaging" (www.theweekinimaging.com) is an interactive, online information and news site. It is a resource for the entire ECM industry such as independent dealers, VARs, sales, and service personnel as well as hardware manufacturers and solutions and service providers. Global Transform 2012 is a managed print service (MPS) industry conference for providers, partners, and IT decision makers in the copier and printer industry. The number one ranking by such a prestigious industry resource is a great validator of the power of cloud-delivered software from GlobalWise. Mr. Santiago said, "I am very proud of our team and how well received the Intellivue™ software was at the Transform Conference... [T]o be recognized as the #1 solution at the show by our industry peers at 'The Week in Imaging' is a fantastic win."
Also, GWVI has been accepted as a member of the highly respected office technology organization, Technology United. "I am excited our Company has been accepted into this prestigious, members-only organization," stated William J. "BJ" Santiago, CEO of GlobalWise. "I see this membership as a great validator of our 18-year history as a software company providing the most robust ECM solutions in the industry." Taken together, each of these events, the increased revenue, Mr. Santiago's selection as a World Expo speaker, the choice of GWIV's software as the number one ECM solution by The Week in Imaging, and membership in Technology United, shows that GWVI's efforts to be the premier provider of ECM solutions is producing results.
Skinny Nutritional Corp. (SKNY)
Skinny Nutritional now offers Skinny Water pH+, a high alkaline and electrolyte water, that gives consumers a healthy alternative to acidic beverages such as soft drinks. Michael Salaman, CEO of SKNY, stated, "The body is in an alkaline state when it reaches 7 on a pH scale of 1 to 10. Our bodies tend to be more acidic due to the acidic nature of the typical American diet that consists of soft drinks and processed foods. Skinny Water pH+ targets a pH level of 8 to 9 to help keep the body in balance." The idea for Skinny Water pH+ came from the alkaline diet followed by celebrities and suggested by medical personnel.
Alkaline diets rich in magnesium, zinc, and potassium, which are found in fruits and vegetables, are believed to help a person's physical well-being in many ways. Higher energy levels, clearer skin, faster metabolism, a clear mind, and greater immunity are just some of the benefits of an alkaline diet. An alkaline body may also experience greater weight loss. The human body is mostly water, so consuming Skinny Water pH+ can help balance the body's water make-up.
Skinny Water pH+ promotes the idea that the human body should maintain an optimum balance of acidity and alkalinity. In contrast to SKNY's flavored waters, Skinny Water pH+ is crystal clear, with a pure and crisp taste that features a boost of electrolytes for replenishment and added energy. It is the ultimate beverage for pure hydration plus the electrolytes and alkalinity you need to maintain your body's best balance. In simplest terms, Skinny Water pH+ is the drink of choice for a positive, health-conscious lifestyle.
SKNY also continues its market penetration in the mid-Atlantic region. SKNY and the Great Atlantic & Pacific Tea Company, doing business as A&P, have signed an agreement putting SKNY products in 275 store locations. These locations will include stores operating under the Pathmark, Superfresh, Waldbaum's and A&P names. Joseph Gisondi, VP of National Retail Sales, stated, "Skinny Nutritional Corp. and A&P look forward to building and cultivating the Skinny Water brand through various advertising mediums which will include circular/ad sales, displays, sampling events and joint promotions." Nationwide, Skinny Water is available in over 14,275 retail locations.