Cross Border Resources, Inc. (XBOR)
Cross Border Resources, Inc. is an oil and gas exploration company focused on non-operated opportunities with proven operators within the Permian Basin. Currently holding more than 800,000 gross (approx. 300,000 net) mineral and lease acres, most of which is located in Mexico, the company aims to become the premier, non-operated working interest owner in the Permian Basin's rapidly emerging, unconventional plays.
Cross Border's development initiatives are currently focused on its prospective Bone Spring acreage located in the heart of the 1st and 2nd Bone Spring play. This play encompasses approximately 4,390 square miles across both New Mexico and Texas. Cross Border currently owns varying, non-operated working interest in both Eddy and Lea counties, New Mexico, along with working interest partners that include Cimarex, Apache, and Mewbourne.
Further development is underway on the company's Abo, Yeso, and San Andres acreage with other working interest partners, Concho Resources and Cimarex. Unlike most E&P firms, 99% of Cross Border's acreage consists of either owned mineral rights or leases held by production. Cross Border currently has a robust drilling inventory across these formations with varying non-operated working interests ranging from 3%-90%.
In recent news, Cross Border provided investors with an update on its two Wolfberry projects in the Permian Basin of West Texas. The company and its partners have successfully limited water production, with complementary oil production increases, from the first four Wolfberry wells. Management anticipates production will continue to trend upward following placement of bridge plugs.
Midas Medici Group Holdings, Inc.
Midas Medici Group Holdings, Inc. is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management. The company also works with utilities and other institutions to transform the electric grid through digital technologies.
Midas' solutions help customers optimize IT and data center investments, cut energy usage, prevent data loss, and maximize productivity. Leveraging a management team with decades of experience, Midas is positioning itself to take advantage of the high-growth IT industry through its unique specialized services at the intersection of energy and technology.
Midas' global customer base includes well-known companies and institutions such as: Pepsi, Red Hat, HP, Oracle, PBS, AT&T, Oracle, National Grid, GazProm, and the International Monetary Fund. The company's comprehensive green IT and Smart Grid solutions are provided throughout the United States, Canada and Europe, as well as Asia, South America, Africa and the Middle East.
Midas aims to expand through both organic and acquisitive growth strategies. Prior to joining the company, Midas' founders acquired and operated businesses with an aggregate enterprise value of approximately $600 million in the IT and energy services sectors. Midas intends to identify new areas of development and expand its business, all while maintaining its commitment to generating shareholder value.
Viking Systems, Inc. (VKNG)
Viking Systems, Inc. develops, manufactures and markets 3D and 2D visualization solutions for complex minimally invasive surgery. Viking, through its OEM products business, also designs and manufactures surgical vision systems and components for several leading medical instrument companies worldwide.
The company actively markets and sells the only stand alone, FDA cleared, cost-effective 3D system for use in minimally invasive laparoscopic surgery. The Viking 3DHD Vision System delivers state-of-the-art 3D vision with natural depth perception and tactile sensation during minimally invasive surgery (MIS), allowing surgeons the ability to perform pure laparoscopic procedures with confidence and ease.
Viking Systems recently announced that it has entered into a distribution agreement with EndoResolution LLC to sell its 3DHD Vision Systems in 14 Midwestern states plus Colorado, Arizona, Southern California and Hawaii. The company also entered into agreements with three independent sales representatives. As a result, the Viking 3DHD Vision System is now being presented by over 30 sales professionals.
Warren Pelissier, President of ACOM Healthcare and a Partner in EndoResolution said, "We performed extensive diligence and are convinced that Viking Systems' 3DHD Vision System is an exciting breakthrough technology with the potential to change the standard of care in performing complex minimally invasive surgical procedures. We see a substantial market opportunity and believe our team's experience in bringing surgical products to market will accelerate the market awareness and adoption of the technology."