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Omagine Project Draws News Coverage From Leading Newspapers, Phase One Starting Soon

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Thursday, 25 August 2016 00:00
By Conrad Prabhu — MUSCAT: August 23 The shareholders of Omagine LLC, which is developing a mixed-use tourism and residential real estate scheme just off Muscat International Airport on the Sea of Oman coast, have agreed to move ahead with Phase 1 of the eagerly anticipated development with an investment of around $220 million. The developer’s US-based holding company, Omagine Inc, said in a quarterly filing to the Securities and Exchange Commission (SEC) that the Phase 1 strategy was firmed up during a series of shareholder meetings held over the course of the past two months. Phase 1 envisages the construction of one hotel, 250 residences and the first of seven so-called ‘Pearl’ structures – 20-meter-diameter buildings located along an open boardwalk that will provide an iconic appeal to the overall Omagine project. At the same time, the shareholders agreed to appoint a local Omani bank as the company’s financial adviser and lender. The bank in question, which has not been identified, has agreed in principle to be the developer’s financial adviser and to provide the debt financing required for Omagine to design, develop and construct Phase One valued at approximately $220 million. Additionally, Omagine agreed to take steps to formalize an agreement with Lebanon-based multinational construction firm Consolidated Contractors Company (CCC) as the general contractor for the Omagine project. CCC-Oman and CCC-Panama, wholly owned subsidiaries of Consolidated Contractors International Company (CCIC), have a combined 15 per cent stake in the Omagine project. The revelations mark an important effort to get construction work started in earnest on the ambitious development. The lavish scheme is due to come up a roughly 1 million sq meter beachfront location, whose area will been augmented by a further 100,000 sq meters thanks to the addition of reclaimed land. Conceived as an elegant integration of cultural, scientific, heritage, entertainment and residential components, the Omagine project will be distinguished by the presence of seven pearl shaped buildings located along the waterfront. These ‘Pearls’ will serve as backdrops for entertainment and exhibitions. Other notable features of the ambitious development include an amphitheatre and stage, enclosed harbor and marina, boat slips and docking facilities, canal, three hotels of 5-, 4- and 4-star rating, shopping and retail establishments, and commercial office buildings. More than 2,000 residences will be constructed and offered for sale in the context of the project’s designation as an Integrated Tourism Complex (ITC). Initial phases of the Omagine project are planned to be completed by late 2021, according to the filing. New York headquartered Omagine Inc has a 60-per cent shareholding in Omagine LLC, which is also owned by Royal Court Affairs of Oman (25 per cent), and two subsidiaries of Consolidated Contractors International Company SAL (15 per cent). Read more click here Oman Daily Observer Source: Oman Daily Observer OMANI BANK LIKELY TO BE FINANCIAL ADVISOR, LENDER FOR PHASE ONE OF OMAGINE PROJECT By Gulam Ali Khan August 23, 2016 MUSCAT - Omagine LLC, which plans to develop a US$2.5bn beachfront tourism and real-estate project in Muscat, is likely to hire an Omani bank as its financial advisor, that would also provide debt financing for phase one of the project. “During the period between July 19 to August 18 Omagine LLC shareholders met several times both separately and together with the senior management of the Omani bank and as of the date hereof, the Omani bank has agreed in principle to be Omagine LLC’s financial advisor and to provide the debt financing required for the Omagine project to design, develop and construct phase one valued at approximately US$220mn,” US-based Omagine Inc – the majority shareholder in Omagine LLC - said in its quarterly report filed with the US Securities and Exchange Commission on Tuesday. The company, however, did not disclose the name of the bank. Omagine Inc said Omagine LLC's shareholders held two meetings on July 19 and August 18 and reviewed and discussed the present status of the project to take it forward. The meetings recommended that the company hire a local Omani bank as its financial advisor and lender. The foregoing arrangement with the Omani bank is subject to its final due diligence and the execution of an agreement with Omagine LLC, the company said. But the Omani bank, Omagine Inc said, has indicated to the shareholders that, barring any unknown impediment (of which neither management nor the Omani bank are aware), it will deliver a robust term sheet specifying the debt financing and advisory services to Omagine LLC on or before September 4, 2016. Plans for phase one of the Omagine project - which is presently budgeted at approximately US$220mn - comprise the design and development of one hotel, 250 residences, and one pearl building and associated enabling works and infrastructure within the site, Omagine Inc said. It said debt financing for phase one is expected to be supplied by the Omani bank and not be syndicated. The Omani bank may, depending upon future circumstances, be Omagine LLC's financial advisor for follow-on phases or for the entire project, the company said. “As such the financial advisor will arrange the syndicated bank financing for the numbered sections to be constructed subsequent to phase one.” Omagine Inc further said that it is presently expected that a definitive agreement between Omagine LLC and the Omani bank with respect to phase one will be executed with the next three weeks, but added, “No assurance, however, can be given that any such agreement will be signed until it is actually signed by the parties.” Notwithstanding the foregoing likely solution, Omagine Inc added the management of Omagine LLC is continuing discussions with other interested investors and contractors in China, Europe and the US. Read more: click here : Muscat Daily Source: MuscatDaily.com
Last Updated on Monday, 20 August 2018 23:09

Omagine, OMAG, featured on the front page of Times of Oman

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$2.5 billion Omagine pearl project set for 2017 in Oman

July 12, 2016 | 10:01 PM

by Rahul Das/ This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Muscat: Construction work on the multi-billion dollar Omagine Project is scheduled to begin in 2017 and should be complete by 2024, according to the Ministry of Tourism (MoT).

Located in Seeb, the project features seven pearl-shaped buildings which will host hotels, offices, residences and entertainment venues on one million square metres of land, the MoT said.

The project is expected to create more than 1,000 jobs for nationals when it is completed in seven year’s time. The slump in global oil prices has meant project managers have been seeking further funding globally, according to Omagine chairman Frank J. Drohan.

Speaking to Times of Oman, Drohan said that they are in advanced discussions with several institutional and private entities in the United States, Europe and China to finance the project as a quite rational response to the present regional banking environment. “Other companies and governments regionally are quite rationally also reaching out to the international financial markets,” he said.

Drohan said that the longer term project finance is needed only after the detailed master planning and architectural design is completed. “And that is the reason we are working hard on many fronts with Consolidated Contractors Co (CCC) and other investors in Oman and the GCC, Europe, the US and China to make that happen,” he said.

It was in October 2014, Omagine LLC, signed a development agreement with the Government of Oman for the development of a $2.5 billion real-estate and tourism project known as the Omagine Project.

In March 2015 the Ministry of Finance in Oman ratified the development agreement. In July 2015 the development rights to the 245 acres of beachfront land were registered with the government of Oman.In May, Omagine Inc. also sponsored The World Summit on Innovation & Entrepreneurship (WSIE) at the United Nations Headquarters in New York City.

The Omagine Project will have three hotels (which will include serviced apartments and chalets), a boutique mall, an open air amphitheatre, exhibition venues, a harbour and marina area, offices, more than 2,000 residences and a large number of cafes, restaurants and entertainment venues. The Omagine Project will have seven pearl shaped buildings, each with a different theme, such as the Oman Pearl, Innovation Pearl, Energy Pearl, Culture Pearl and Earth, Sea and Sky Pearls.

The Pearls will feature a wide range of tourism experiences, simulations, games, interactive demonstrations, multi-media presentations and a planetarium and a multiplex.

To learn more, please visit the company website: Omagine.com

Source: Times of Oman

DSG Global, DSGT, Profile

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DSG Global, DSGT, Profile, Summary

DSG Global, Inc. (DSGT), a global leader in fleet management, providing comprehensive solutions for the Golf Industry, Commercial Fleets and critical applications for Military and other Government agencies.

The Company's CEO has over 20 years of industry experience and, the executive team has over 50 years of combined experience, in designing and deploying Wireless networks and GPS tracking systems around the globe. (executive bios: management team, board of directors)

Proven Golf Course Management

DSG is unique in the industry, like Apple®, DSG is a hardware and a software company. Today over 15,000 vehicles on more than 300 Golf courses, around the world, run on DSG TAG system. (Testimonial From Happy Clients click here )

The United States alone has more than 15,000 Golf courses, the company has the potentially to capture thousands of Golf courses in the near future.

Comprehensive Commercial Fleet Management

From the Port of Long Beach, California to Portland, Maine, 15,000,000 (fifteen million) Trucks traverse America's Highways, transporting goods worth trillions of dollars every day. Trucking industry in America is very diverse, thousands of owner/operators and companies with a fleet of thousands of trucks power American businesses. Most of these trucks are not equipped with advanced monitoring and routing systems.

DSG TAG System (DSGT) has the solution that could potentially save trucking industry billions of dollars, help increase safety and save precious lives on American Highways. DSGT has spent millions of dollars developing technology to improve safety and increase productivity. DSGT provides vertically integrated solution to help fleet owners better manage their assets and increase revenue. The software helps find safer and better routs, help increase on-time deliveries, keep customers happy and save fleet owners millions in maintenance and fuel cost. Savings & Benefits

Trucks Carry Goods worth Trillions of Dollars

Trucking industry is huge, there is no dominant player in GPS market, and the largest incumbent has under 40 thousand trucks under management. DSGT has technological and cost advantage over the competition that could help the company rapidly gain market share. DSGT is gearing up, adding more marketing staff to take advantage of multi-million dollar, recurring revenue, opportunity.

Partnered with Industry Leaders

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GRNH, Green Gro Corporate Profile

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GreenGro, GRNH, Profile, Summary

Greengro Technologies, GRNH, is a national leader in both indoor and outdoor aquaponic and hydroponic systems and grow rooms, with specific domain expertise in agricultural science systems serving both the consumer and commercial farming markets. The company’s customers include restaurants, community gardens, and small and large-scale commercial clients.

Vertical Systems

Vertical systems; a process that controls space and light to increase plant yields. Better to use an entire space, rather than just upward space for growing plants. Indoor vertical-gro rooms can be designed for any space, from as small as a closet to as large as an entire building. In an indoor environment, the space must have growing efficiency and maximum light coverage. Growing plants have changing light needs and a good lighting system maximizes the amount of light coverage for each stage of plant growth. An advantage of vertical systems is that the plant is not forced to grow in one direction. Light reaches more plant surfaces creating higher crop yields.

Vertical systems for hydroponic-gro rooms are an exciting new application of a very old idea. The concept of a “vertical farm” has existed since the days of the famous Hanging Gardens of Babylon, but it is only since the 1950s that the idea of utilizing vertical space for growing plants has received renewed attention. While advocates of vertical farming often cite concerns related to ecological crises or urbanization, the indoor hydroponic grower is primarily concerned with maximizing space for cultivation within a small area.

The basis of vertical plant growing is the control of space and light in order to maximize yields. Traditional methods use only a horizontal area for substrate, planters or hydroponic systems, and only the top of the plants receive direct light. By contrast, in a vertical system the entire growing area is opened up for plant growth, and the whole surface of the plant is exposed to light. Vertical growers aim to utilize every square inch of available space for the propagation of their plants.

Indoor, hydroponic vertical systems come in a wide variety of designs and sizes, but the basic concept calls for a series of stacked layers of racks or shelves. The bottom layers are often devoted to drainage devices or the growth medium, although these may also be found on higher layers as well. The shelves typically surround a central, rotating lighting system, with supplemental lights sometimes mounted on the tops or sides of the layers. Growth becomes possible in all directions and at all levels of the plants. A vertical system is usually modular and re-stackable, allowing the grower to rearrange the set-up as necessary.

The primary benefit of a vertical system is that it allows the grower to utilize the maximum amount of available space. This is true in two ways. First, the area that is available to each individual plant to grow is maximized, increasing the total possible number of plants. Second, since the vertical systems equipment is more compact, the whole set-up can be fit into a smaller area, such as a closet, and growers with access to a large room can fit more plants into the same area.

BP Gardens

----> Hydroponic system installed in Buena Park, CA (currently producing).

----> Aquaponic system installed in Lincoln, CA.

----> New location in development in Anaheim, CA.

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Gala Global, GLAG, Profile, Summary

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Gala Global, GLAG, Profile

GALA Global, Inc. is a publicly traded development stage company which plans to expand in the Hemp and Cannabis industries. The Company is refocusing its purpose on the development, research, and commercialization of products derived from Hemp and Cannabis Plant, while expanding the clothing operations and upcoming Hemp based fiber apparel and accessories division.

The Hemp Industries Association (HIA) estimated that the 2014 retail sales value of hemp food, body/beauty care, clothing and various other hemp products sold in the United States were more than $620 million.

Industrial Hemp is a crop that can be grown for food and non-food purposes. As a result of its numerous nutritional benefits, many new food products containing hemp seed and its oil are finding their way into the marketplace, including pasta, tortilla chips, salad dressings, snack products and frozen desserts. Hemp seed contains a complete protein and the seed oil is the richest source of essential fatty acids (Omega-6 and Omega-3) with the perfect ratio of 3:1. Hemp seed oil is also used in nutraceuticals and health care products.

Hemp is undergoing rapid growth as a natural fiber source in everything from clothing and textiles to automotive composites. Although it is legal to import and sale industrial hemp products in the U.S., it is not yet legal to commercially grow industrial hemp in the U.S. The 2013 farm bill was signed into law in February 2014 and contained a hemp amendment, Sec. 7606 Legitimacy of Industrial Hemp Research, which allows states that have already legalized the crop to cultivate hemp within the parameters of state agriculture departments and research institutions.

The Industrial Hemp Farming Act was introduced (in January 2015) in both the House and Senate, H.R. 525 and S. 134 respectively. If passed, the bill would remove all federal restrictions on the cultivation of industrial hemp, and remove its classification as a Schedule 1 controlled substance.

Subsidiaries

Gala Global owns and operates several subsidiaries including, Cannabis Ventures Inc., Cannabis Ventures (Canada) and CBDLiving.

Cannabis Ventures, Inc.

Cannabis Ventures (CVI) was organized for the purpose of developing leading scientific processing to cultivate a bio-medical grade Cannabis plant featuring a higher concentration Cannabidiol (CBD) value with natural healing powers. The team along with expert consultants which have specific expertise in pharmaceutical sciences (medicinal chemistry of natural products) and herbal pharmacology. Cannabis Ventures plans to supply the medical marijuana market along with alternate medicinal supply for global market for highly enriched plant concentration of Cannabidiol.

For more information visit www.cannabisventuresinc.com

Cannabis Ventures (USA)

Cannabis Venture signed a management agreement with America's first approved dispensary, Compassionate Caregiver! Compassionate Caregiver based in California became the first dispensary to provide Medical Marijuana in the United States.

Cannabis Ventures (Canada)

The company's Canadian subsidiary filed application to be a Licensed Producer under the Medical Marijuana for Medical Purposes Regulations (MMPR) with Health Canada. Cannabis Ventures is currently in the process in establishing operations in British Columbia to service the Medical Marijuana market.

Cannabis Ventures (Canada) recently signed a turn key management contract with a company based in Ontario, Canada. Cannabis Venture will assist in designing, equipment procurement, installation and help the company obtain license from Health Canada.

CBDLivin

Gala Global created this special division to take advantage of $18 Billion dollar supplement industry. The company plans to introduce CBD infused dietary supplements and sports nutrition products in 23 states and the District of Columbia in the near future. The company believes Cannabidiols (CBD) Cannabinol ("CBN") could be a safer and better alternative for the treatment of sleep and anxiety disorders. 50 million Americans suffer from sleep and anxiety disorders, a large number of them use Prescription and/or OTC (over-the-counter) drugs, some of these drugs are habit forming, many Americans are unfortunately becoming drug-dependent and addicted to sleeping pills and pain killers and authorities are very concerned about the adverse social and economic consequences of the addiction problem.

For more information visit www.cbdlivin.com www.galaglobalinc.com

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Amedica Corporation, AMDA, Profile, Summary

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Amedica Corporation, AMDA, Profile, Summary

Amedica Corporation, AMDA, is a commercial biomaterial company. The Company is focused on using its silicon nitride technology platform to develop, manufacture and sell a range of medical devices. The Company markets spinal fusion products and are developing products for use in total hip and knee joint replacements.

Biomaterials are synthetic or natural materials available in a variety of forms that are used in virtually every medical specialty. The Company markets its Valeo family of silicon nitride interbody spinal fusion devices in the United States and Europe for use in the cervical and thoracolumbar areas of the spine. In addition, to its silicon nitride-based spinal fusion products, it markets a complementary line of non-silicon nitride spinal fusion products which allows providing surgeons and hospitals with a range of products. The Company produces its silicon nitride advanced ceramic in four forms: a fully dense, load-bearing solid, referred to as MC2; a porous bone-like cancellous structured form, referred to as CSC; a composite incorporating both its solid MC2 material and its porous CSC material intended to promote an environment for bone growth; and a coating for application onto other biomaterials.

The Company competes with Medtronic, Inc.; DePuy Synthes Companies, a group of Johnson & Johnson companies; Stryker Corporation; Biomet, Inc.; Zimmer Holdings, Inc.; Smith & Nephew plc; Aesculap Inc; CeramTec, Kyocera, and CoorTek, Inc.

OSTEOPROMOTIVE: DELIVERS ENHANCED OSTEOGENIC RESPONSE

Enhanced osteopromotion: The surface chemistry and nanostructure topography of Si3N4 provides an optimal environment for stimulation of osteoprogenitor cells to differentiate into osteoblasts.
Greater protein adsorption: Si3N4 demonstrates significantly greater protein adsorption (fibronectin, laminin and vitronectin) in comparison to PEEK and titanium. (1)
Greater new bone formation: Si3N4 implants demonstrate greater new bone formation at 3, 7, 14 and 90 days compared to PEEK and titanium in in vivo study; regenerated bone associated with Si3N4 implants is 2 to 3 times that of PEEK and titanium implants at 3 months after surgery.(2)
Increased osteointegration: Si3N4 implants demonstrate increased osteointegration at 3, 7, 14 and 90 days compared to PEEK and titanium in in vivo studies; percent of bone at Si3N4 implant interface is 2 to 6 times that of PEEK and titanium implants at 3 months after surgery.(2)

DEMONSTRATED ANTI-INFECTIVE PROPERTIES

Superior antibacterial function: Si3N4 inhibits biofilm formation and bacterial colonization. Si3N4 demonstrates significantly lower biofilm formation at 4, 24, 48 and 72 hours as compared to PEEK and titanium; live bacteria (S. epidermidis, S. aureus, P. aeruginosa, E. coli and Enterococcus) associated with Si3N4 implants are 8 to 30 times lower than PEEK and titanium.(1)
Demonstrated bacteriostatic agent: In in vivo studies, no infection is observed with bacteria-inoculated Si3N4 implants at 3 months, whereas both PEEK and titanium implants maintain a septic state. Si3N4 demonstrates this property even in the absence of antibiotics.(2)

EXCELLENT IMAGING PROPERTIES

Compatible with all imaging modalities: Si3N4 implants are semi-radiolucent with clearly visible boundaries, and produce no distortion under MRI and no scattering under CT; this enables an exact view of the implant for precise intraoperative placement and postoperative fusion assessment.

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SDIG, Station Digital, Profile, Summary

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StationDigital Corporation

Multimedia Digital Broadcasting

StationDigital, SDIG, is a multimedia digital broadcast company that offers free music streaming of over 30 million songs. StationDigital features both genre-based and artist-based music discovery stations to suit an endless variety of musical tastes, and a personal recommendation service to its more than 2.4 million unique listeners – all available both online and through its iOS and Andriod mobile apps. StationDigital’s users can customize their listening experience by selecting playlists and stations based on themes, interests and location, as well as favorite artists, songs, genre, and by providing feedback on the music they hear.

StationDigital is the first truly next generation digital media broadcast platform.

StationDigital’s primary identity is as a sophisticated pure play music discovery Internet radio service, offering a competitive, state of the art product to capture market share in the Internet radio space. The Company has a unique, industry first value proposition - the StationDigital Listener Rewards Program, where all registered users earn listener rewards

points:

> Every time users listen to StationDigital, either on the web or through their mobile apps

> Every time users share StationDigital with friends through social media

Key Features:

Social features and network effect – feedback on music, share music with friends and family, recommendations, post favorites on timeline, and earn reward points. Users can gain followers and build their own music social network of friends and fans.

Unique personalization of music to user’s taste – choose genre, artist, decade and ability to narrow search to a very specific target to get to songs faster. Features include ability to adjust music preferences, create a station playlist, and leverage songs from community of users.

Music discovery – with over 30 million songs and hundreds of stations providing a wide variety of categories and genres, users are always able to discover something new. Add/remove stations with one touch, smooth intuitive song catalog, 30 million songs, choose decade, genre, artist.

StationDigital will become the first agnostic, multimedia, global broadcast platform – available on any device, from anywhere, at anytime.

Investment Highlights

• Opportunity to invest in an innovative, early stage next generation multimedia broadcast company with a unique and differentiated service and business model aimed at a rapidly growing and large market opportunity

• The Company’s music streaming service has over 30 million songs for its 2.4 million users that offers customized listening, music discovery, a personal recommendation engine, a value-added social layer, and e-commerce platform

• Key competitive differentiation factors are its unique listener rewards program/online store and wide variety of entertainment content options beyond music

• Music streaming industry is still in its early stages and is experiencing rapid growth and market share capture from a large addressable $15 billion US radio market

• Our valuation analysis results in a target price of $0.81 per share which represents significant upside of over 2 times the current stock price

see Investment Thesis click here

VALUATION

Starting with Pandora’s market cap per user of $38.63 and then applying a 65% discount to account for Pandora’s first mover advantage, dominant competitive position, and execution track record, we arrived at a market cap per user of $13.52. Based on management’s aggressive marketing plan, it can be estimated that StationDigital will have approximately 5 million monthly active users by the end of 2016. Applying this $13.52 market cap per user to 5 million monthly active user results in a StationDigital target market capitalization of $67.6 million or price per share of $0.81.

Our target price of $0.81 is over 2.0 times the current share price of $0.40 providing significant upside price potential while also being only 35% above the Company’s recent high of $0.60 last October.

learn more about this great opportunity, download the full report now! click here

visit the company website www.StationDigitial.com

Start Enjoying the Music You Love!

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music, music streaming, top 10 tracks, top 100 tracks, top 10 songs, top 100 songs, top 40 songs, top country music, top hip hop artists, top performers, top country singers, top female vocalists, top male singers, top on the bill board charts,free music, free downloads, itunes, google music, yahoo music, like spotify, better than pandora, more personal than sound could.

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