WallSt.net's 3-minute press show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.
The following executives were interviewed on today's show:
-- Ian Foreman, President of Yale Resources Ltd. (TSX.V: YLL) (http://www.yaleresources.com)
About WallStreet Direct, Inc.
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About Mezey Howarth Racing Stables
Mezey Howarth Racing Stables, Inc. is a thoroughbred racing company that extends the benefit of ownership to all shareholders. Mezey Howarth Racing Stables acquires and maintains a stable of racehorses adequate to compete in the upper echelons of the thoroughbred horse racing industry. The Company acquires, owns, manages, trains, and races thoroughbred racing prospects. Mezey Howarth Racing Stables works with only the finest trainers, jockeys, veterinarians, blacksmiths, and other service providers, to ensure that our horses are afforded every opportunity to excel. Mezey Howarth Racing Stables relies on the highest standards of ethics and does not cut corners, and believes that luck in this industry comes only through preparation, hard work, patience, and the professional management of our horses. For more information, please visit http://www.mezeyhowarth.com
About NextPhase Wireless, Inc.
With a mission to build a device-agnostic, WiMAX-ready, wireless broadband connectivity/content delivery platform serving all 48 contiguous U.S. states, NextPhase Wireless is focused on providing connectivity services and solutions to businesses, public school systems and local government agencies. Using licensed WiMAX and LMDS spectrum bands, the Company offers fully-integrated solutions with the highest levels of reliability, security, flexibility, scalability and price-performance. For more information, please visit http://www.npwireless.com.
About Heritage Capital Credit Corporation
The Heritage business model, which is implemented through its subsidiary, Independent Capital Credit Corporation, is to prepare real property and commercial revenue producing assets for funding. To date, the Company has closed two transactions and is working with four additional applicants.
About Yale Resources Ltd.
Yale Resources, Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties for commercial mineral deposits, such as gold, silver, copper, and zinc. It holds option agreements to acquire interests in the Urique project, the Carol-Balde property, and the Zacatecas property located in Mexico.
Heritage Capital Credit Corp.; Yale Resources Ltd.
-------------------------------------------------------------------------------- Source: Capital Credit Corp.; Yale Resources Ltd
[Heritage Capital Credit Corporation (PINKSHEET:HCPC)]
Yesterday we had a conversation with David Urani of Wall Street Strategies, to ask his professional opinion on Heritage Capital Credit Corporation (PINKSHEET:HCPC).
This conversation was conducted on March 27th 2008.
Heritage Capital Credit provides underwriting and valuation services to facilitate financing for large commercial real estate project.
Q: Whatís your take of Heritage Capital Credit?
A: This commercial real estate industry is doing okay right now, it is not in the dumps like residential real estate, and in most cases it is performing well. Vacancy rates and credit quality may be reduced a bit due to economic factors, however.
Q: What more can you tell us about this company?
A: In that sense, it will be important for the company to find commercial developers, whose projects would include apartment complexes, shipping malls, and office buildings. With lending markets a little tight right now, getting clients with sufficient credit quality is key, as banks are a little more hesitance to lend, especially with the high priced projects the company deals with, which are $500,000 minimum, and up to $20,000,000.
Q: How about the client side of the business, how will you evaluate them?
A: The past few quarterly earnings statements for the company showed losses, as the company was starting up and did not have clients yet, but in February it secured its first two clients. It must be noted that these clients were acquainted with the shareholders, and therefore the company did not have to find these projects per se. It has three multimillion dollar funding projects pending, however. The company should receive service fees for each of its projects, and going into its next quarter it will be profitable. Moving on, it will be important for this company to be able to continue finding clients.
Q: Based on this, what would you tell investors looking at this stock?
A: Due to the magnitude of the projects it deals with, it seems this company may be able to get its name out, and the size of its projects, relative to its $31,000 market cap means any new projects can grow the company quite quickly.
Bellwether Report and Wall Street Strategies do not own any stock in Heritage Capital Credit Corporation (PINKSHEET:HCPC), nor do we have any vested interested in the company, nor have we been paid by the company or any third party affiliate of the company. Bellwether Report and Wall Street Strategies have received no remuneration for this report, itís simply to assist investors when doing their own research on this equity. This is only an opinion and is completely unbiased.
Disclaimer: All investment entails inherent risk. Wall Street Strategies' and Bellwether Report research seeks to assist investors in determining when to buy and when to sell to attempt to maximize profits or minimize losses. All final investment decisions are yours and as a result you could make or lose money. Wall Street Strategies and Bellwether Report, its employees and/or its affiliates and family members may from time to time take positions in the open market or otherwise with respect to the securities discussed. Wall Street Strategies and Bellwether Report, its employees and/or affiliates do not have stock ownership equal to or greater than 1% of the outstanding stock of the covered company nor does any employee of Wall Street Strategies sit on the Board of Directors of any covered company. Wall Street Strategies is not a broker/dealer, and the firm does not underwrite securities, manage assets or perform investment banking activities. The statements made herein include information obtained from sources believed to be reliable, but no independent verification has been made and we do not guarantee its accuracy or completeness. The statements made herein contain general information and do not constitute an offer to buy or sell any security.