CAMAC Energy (CAK)
CAMAC Energy (CAK) is a dynamic, independent energy company that targets high return, early cash flow global energy projects. Maintaining a balanced portfolio which includes upstream operations and downstream opportunities in Asia and West Africa, the company is committed to building success through strategic vision, extensive experience, and responsible corporate governance.
Through a comprehensive business strategy, CAMAC Energy utilizes internal experience and its unique positioning to identify and target high-return investments in the global energy industry. The company actively manages investments and on-going operations by limiting capital exposure and forming strategic partnerships and alliances.
CAMAC Energy's principal assets include interests in the Oyo Oilfield, an offshore oil asset in deepwater Nigeria that started production in December 2009, and a 100% interest in the Zijinshan CBM gas asset located in the Shanxi Province, China. The company also operates an Enhanced Oil Recovery and Production (EORP) business in Northern China.
The senior management team has extensive experience in the fields of international business development, geology, petroleum engineering, strategy, government relations, and finance. Members of the company's management team previously held positions in oil and gas development and screening roles with domestic and international energy companies.
China Cablecom Holdings, Ltd. (CABL)
China Cablecom Holdings, Ltd. (CABL) is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services. Serving the largest cable TV market in the world by subscriber volume, China Cablecom currently operates 28 cable networks with over 1.7 million paying subscribers.
China Cablecom growth strategy involves creating partnership models in other municipalities and provinces in the PRC. The highly fragmented cable TV market provides the opportunity to consolidate municipal and county operators, leveraging economies of scale to roll out value-added services and increase Average Revenue Per User Rate (ARPU) while reducing the cost of providing service.
China Cablecom has assembled a highly competent management team with over 20 years of local cable TV industry experience and key relationships with the Chinese provincial State Administration for Radio, Film & Television (SARFT). Clive Ng, the Founder and Executive Chairman of China Cablecom, is a media sector financier and executive who has invested in and established a number of joint venture partnerships among several major media conglomerates and public companies.
The company aims to acquire three million additional subscribers over the next three years, while maintaining a minimum of 10% organic subscriber annual growth. In addition to setting up strategic partnerships and joint-ventures, China Cablecom also plans to acquire operators who cannot meet the CAPEX requirements of future initiatives, leveraging their existing subscriber base and infrastructure to drive significant returns for investors.
Mad Catz Interactive Inc. (MCZ)
Mad Catz Interactive Inc. (MCZ) primarily develops and markets innovative products for the interactive entertainment industry, the majority of which include markets accessories for videogame systems and PCs under its Mad Catz (casual gaming), Saitek (simulation), Cyborg (pro gaming), Eclipse (home and office) and Tritton (gaming audio) brands.
The Company also operates e-commerce and content websites for videogame and PC products under its GameShark brand, develops, manufactures and markets proprietary earphones under its AirDrives brand, and publishes and distributes video/PC games. Mad Catz's products are distributed through most of the leading retailers offering interactive entertainment products and has offices in North America, Europe and Asia.
For the last quarter of 2010, the Company reported $93.0 million in net sales, 90.6% higher than the previous year and an all-time record. Mad Catx ended the quarter with $9.9 million of cash, $51.2 million of accounts receivable, $32.5 million of inventories and accounts payable of $55.3 million. According to CEO Darren Richardson, significant improvements to the balance sheet are expected over the next year.
A leader in a dynamic, fast-growing industry that has solid prospects for continuing growth, Mad Catz is currently focused on expanding its product breadth, distribution network and licensing portfolio. The company has growing market share, considerable operating leverage, working capital to fund future growth, and a knowledgeable and skilled management team.