OTCPicks.com: OTCPicks.com Stocks to Watch for Friday, May 5th BDGW, VRML, TNOG, MKTY, TSYS
05.05.2008 16:22 VoIP World News - Source: tmcnet.com
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:05052008
Our Stocks to Watch tomorrow include Budget Waste Inc. (OTC: BDGW),
Vermillion Inc. (NASD: VRML), Titan Oil and Gas Inc. (OTC: TNOG),
Mechanical Technology Incorporated (NASD: MKTY) and TeleCommunication
Systems Inc. (NASD: TSYS).
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter, and Email Stock Watch Alerts.
BUDGET WASTE INCORPORATED (OTC: BDGW) "Up 5.74% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/BDGW.php
Budget Waste Inc. is a waste solutions company in Western Canada
providing complete waste and recycling services to commercial,
industrial, construction, homebuilding, oilfield and residential
clients. With its broad range of innovative services, the company
offers its customers more value for their dollar and reduces accounting
costs by providing streamlined billing. BWI is currently following its
growth-through-acquisition strategy with exceptional success. With
regulations throughout North America pressing companies and individuals
to be more vigilant in the way they handle their waste products,
company officials see vast opportunity for expansion of BWI's
distinctive services.
BDGW News:
May 2 - Budget Waste Inc. Files Form 211 With NASD
Budget Waste Inc. (OTC: BDGW) announced that it has received
confirmation from its principal market maker that a Form 211 has been
filed by the market maker with NASD seeking permission to trade the
company's common stock on a fully solicited basis on the Pink Sheets.
"We believe this is a very important step in our plan to have our
shares trading soon on the OTCBB," stated Jim Can, CEO of Budget. "Our
next step, once our audit is completed, is to file a Form 10-sb with
the SEC in order to become a fully reporting company. Once we have
reporting company status, our market maker can apply for trading of our
shares on the OTCBB."
VERMILLION INCORPORATED (NASD: VRML) "Up 39.66% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/VRML.php
Vermillion, Inc. discovers, develops, and commercializes diagnostic
tests that help physicians to diagnose and treat patients. It develops
clinical protein biomarker diagnostic products and services in the
fields of oncology, hematology, cardiology, and women's health with
initial focus on ovarian cancer. The company has collaborations with
various academic and research institutions, including The Johns Hopkins
University School of Medicine focusing on oncology, primarily breast,
prostate, and ovarian cancers; The University of Texas M.D. Anderson
Cancer Center that focuses on cancers of the reproductive tract,
including the uterus, fallopian tubes, and ovaries; and The University
of Texas Medical Branch for the discovery and development of new
products for personalized or targeted medicine, primarily in the field
of liver disease. It also has collaboration agreements with The
Katholieke Universiteit Leuven for the discovery, validation, and
characterization of biomarkers related to gynecological diseases; Ohio
State University Research Foundation for the discovery, validation, and
characterization of biomarkers related to thrombotic thrombocytopenic
purpura, and production of associated technology; Stanford University
for the discovery, validation, and characterization of biomarkers
related to cardiovascular diseases, primarily peripheral arterial
disease; and Clinic of Gynecology and Clinic of Oncology,
Rigshospitalet, Copenhagen University Hospital. In addition, Vermillion
has strategic alliance with Quest Diagnostics Incorporated for
commercializing up to three diagnostic tests. The company was founded
as Abiotic Systems in 1993 and changed its name to Ciphergen
Biosystems, Inc. in 1995. It further changed its name to Vermillion,
Inc. in 2007. The company is based in Fremont, California.
VRML News:
May 1 - Vermillion's Roundtable Teleconference Highlights Peripheral
Artery Disease Diagnostic Program; Features Commentary from Vascular
Medicine Expert
Company Offers Access to Archived Web Cast and Phone Replay of the Forum
Vermillion, Inc. (NASD: VRML), a molecular diagnostics company,
recently held a roundtable teleconference focusing on its peripheral
artery disease (PAD) diagnostic program and the need for improved
detection of this life- and limb-threatening condition. The
teleconference, which took place yesterday, featured keynote speaker
John Cooke, M.D., Ph.D., Professor of Medicine at Stanford University,
whose research forms the basis of Vermillion's PAD blood test.
The roundtable discussion was the first of a series of calls to provide
investors an opportunity to hear more about Vermillion's diagnostic
programs and understand the various markets that the company seeks to
address. Yesterday's forum served as a means to educate this audience
about the current state of PAD and why there is a clinical need for a
blood test that can determine a person's risk of developing the
disease. PAD, a serious condition affecting some eight to 12 million
Americans, can double a person's risk of heart attack and stroke, and
increase the risk of amputation and death. There are treatments that
can save the lives and limbs of these patients once the disease is
recognized.
"The signs and symptoms of PAD often go unnoticed, and as a result many
patients are not being properly diagnosed. We are in serious need of
new, innovative tools to aid in the diagnosis and management of this
life- threatening condition," said Dr. Cooke. "Together with
Vermillion, we are working to develop a simple blood test that will
stratify an individual's risk of developing PAD. This will serve as an
important advancement in the overall management of the disease -
benefiting both the patient and the physician alike."
"Improving diagnosis of PAD, expediting treatment and enhancing patient
outcomes is a key goal for Vermillion, as well as for Dr. Cooke and his
research team at Stanford," said Gail Page, President and CEO of
Vermillion. "We believe that our PAD diagnostic program will achieve
these goals, and look forward to reporting additional clinical and
commercial results in the coming months."
To access the archived Web cast of the conference call, visit the
Investor Relations section of Vermillion's Web site at
www.vermillion.com. Additionally, a telephone replay of the roundtable
discussion is available through May 30, and may be accessed by dialing
(800) 633-8284 from the United States and Canada or (+1 402) 977-9140
internationally. The replay pass code is 21381902.
ABOUT VERMILLION'S PAD DIAGNOSTIC TEST PROGRAM
In collaboration with Dr. Cooke and his research team at Stanford
University, Vermillion has developed a novel panel of biomarkers in an
effort to determine the risk of PAD through a simple blood test. The
company has an exclusive license agreement with Stanford to develop and
commercialize this panel.
TITAN OIL AND GAS (OTC: TNOG) "Up 31.58% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/TNOG.php
Titan Oil and Gas, Inc. engages in the development, drilling, and
production of oil and gas in the United States. It focuses on the
redevelopment of oil and gas fields with a history of production, and
exploration and development of new properties. The company holds an
option on approximately 250 acres of leases in Bastrop County, Texas.
It also owns interest in Wilson County project, Texas. The company was
incorporated in 1988 under the name Sierra Gold Corporation and changed
its name to PayForView.com Corp. in 1999. Further, it changed its name
to James Barclay Alan, Inc. in 2002, to Titan Consolidated, Inc. in
2003, and to Titan Oil and Gas, Inc. in 2005. The company is based in
New York, New York.
TNOG News:
May 1 - Titan Oil and Gas Reaches An Agreement With All Major Creditors
Titan Oil and Gas Has Reached An Agreement That Addresses and Satisfies
All Major Debts Owed By The Company
Titan Oil and Gas Inc. (OTC: TNOG) management has secured settlements
with all major creditors. These negotiations struck a similar tone to
those that addressed the company's legal issues; in that the strength
of management's plan to move the business forward was a key factor in
the process.
Titan Oil and Gas had a liability of approx. $871,664 before management
entered into talks with company creditors. Through negotiation, the
amount was revised down to $641,959, a reduction of $229,685 or more
than 26%. This figure includes all remaining debt other than monthly
expenses. 65% of the negotiated amount will be amortized over a 36
month period. Due to their confidence in the business plan the
remaining 35%, which includes management, will be taken in the form of
stock as a longer-term investment. As with the legal settlements, Titan
will also pay only the remaining principal, not interest, to these
creditors.
The agreement was possible because each creditor was encouraged by
company management's plan to generate the funds necessary to meet these
newly amended obligations. Management wants to clarify that these
settlements will not require a reverse split and that Titan will not
consider a reverse split as a means to further the Company.
"We appreciate that they have found our plan to be supportive of all of
our interests," Brandon Toth, Titan Oil and Gas President, stated in
reference to the adoption of Titan's terms for settlement.
MECHANICAL TECHNOLOGY INCORPORATED (NASD: MKTY) "Up 32.93% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/MKTY.php
Mechanical Technology, Incorporated, through its subsidiaries, engages
in developing and commercializing off-the-grid rechargeable power
sources for portable electronics. The company offers fuel cell power
solution that consists of Mobion Chip, the direct methanol fuel cell
power engine, and methanol replacement cartridges for various
applications, such as mobile phones and mobile phone accessories,
digital cameras, portable media players, PDAs, and GPS devices. It also
provides precision non-contact physical measurement solutions,
condition based monitoring systems, portable balancing equipment, and
semiconductor wafer inspection tools for the manufacturing,
semiconductor, commercial/military aviation, automotive, and data
storage industries. The company's test and measurement instruments and
systems consist of electronic, computerized gauging instruments for
position, displacement, and vibration applications for the design,
manufacturing, and test markets; semiconductor products for wafer
characterization; and engine balancing and vibration analysis systems
for military and commercial aircrafts. It sells its products directly,
as well as through sales representatives and distributors to original
equipment manufacturers primarily in the United States, Europe, Japan,
Singapore, and internationally. The company has strategic alliance with
Samsung Electronics Co., Ltd.; Duracell; and Trident Systems, Inc.
Mechanical Technology, Incorporated was founded in 1961 and is
headquartered in Albany, New York.
MKTY News:
May 2 - MTI Micro Debuts Embedded Fuel Cell Prototype for Handheld GPS
Devices
Company Exhibits Micro Fuel Cell Prototypes for Portable Electronics at
Small Fuel Cells Conference in Atlanta
MTI MicroFuel Cells Inc. ("MTI Micro"), the developer of Mobion
off-the-grid portable power solutions and a subsidiary of Mechanical
Technology Incorporated (NASD: MKTY) ("MTI"), unveiled a new embedded
micro fuel cell prototype design for handheld global positioning system
("GPS") devices at the 10th Annual International Small Fuel Cells
Conference in Atlanta. MTI Micro will exhibit a micro fuel cell powered
GPS prototype at booth number 101, alongside its full range of
functional prototypes for use in handheld electronic devices.
MTI Micro's new Mobion powered GPS prototype provides three times as
much energy as GPS devices powered by four disposable AA batteries. On
a model with a large, full-color screen, this fuel cell design
generates up to 60 hours of continuous power and provides weeks instead
of days of typical usage.
The new Mobion powered GPS prototype includes a USB interface, allowing
the prototype to also be used as an independent energy source for a
variety of purposes, including for recharging mobile phones, digital
cameras, portable media players and other handheld electronic devices.
The Mobion powered GPS prototype can be immediately recharged by
refilling it with methanol.
"MTI Micro is exploring the integration of our Mobion platform with GPS
devices as part of our strategy to bring micro fuel cell technology to
a wide range of portable consumer electronic device market segments,"
said Peng Lim, President and CEO of MTI. "Battery life is a key issue
with handheld GPS devices, especially as manufacturers add advanced
energy-hungry features to new models, such as larger full color
screens. Our Mobion powered GPS prototype will provide handheld GPS
users such as hikers and campers, travelers, boaters, pilots and other
sports enthusiasts the peace of mind of much longer usage time and will
help them do away with the expense, bulk and environmental
unfriendliness of conventional batteries."
MTI Micro's new embedded micro fuel cell prototype design for GPS
devices will be the second prototype unveiled by the company in two
months. In February, MTI Micro announced a Mobion powered camera-grip
attachment for digital SLR cameras designed to provide twice as much
energy as existing battery pack camera-grips of the same size. MTI
Micro is seeking to commercialize its Mobion direct methanol fuel cell
technology to bring the benefits of longer run-time and instantaneous
recharging capabilities to consumers, while also providing handheld
device manufacturers with a new power supply platform that both
enhances performance and creates new opportunities for increased
functionality by enabling a wider array of desired features to be
If you don’t have a telecommuting program, how much revenue is your business losing? Learn more, download free white paper.Discover how Unified Communications can help you gain the competitive edge, with more efficient internal operations, increased productivity and improved customer service. Learn more, download free white paper.Discover the top 10 reasons to throw out your old PBX and replace it with a new software based IP PBX. Learn about a new end-to-end billing and network management solution for independent Internet Service Providers.Learn about front office and back office systems which are less and less dependent on the underlying technology and more and more agile. Learn how to maintain seamless business continuity while migrating from traditional voice mail, to unified communications.
incorporated into overall product design.
At the 10th Annual International Small Fuel Cells Conference, MTI Micro
will showcase its Mobion external power charger prototypes, its Mobion
attached power source camera-grip prototype and its embedded Mobion
powered GPS prototype and smartphone concept model. For more
information about the 10th Annual International Small Fuel Cells
Conference, visit www.knowledgefoundation.com.
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.
ABOUT MTI MICROFUEL CELLS MTI MicroFuel Cells Inc. ("MTI Micro"), a
subsidiary of Mechanical Technology, Incorporated (NASD: MKTY), is the
developer of Mobion off-the-grid portable power solutions. MTI Micro
has a team of entrepreneurial business executives, researchers and
scientists; a proprietary direct methanol micro fuel cell power system
and a number of system prototypes demonstrating size reductions and
performance improvements; and related intellectual property. MTI Micro
has received government funding and developed strategic partnerships to
facilitate efforts to achieve commercialization. More information is
available at www.mtimicrofuelcells.com.
TELECOMMUNICATION SYSTEMS INCORPORATED (NASD: TSYS) "Up 21.55% on
Friday"
Detailed Quote: http://www.otcpicks.com/quotes/TSYS.php
TeleCommunication Systems, Inc. engages in the development and
application of wireless data communications technology in the United
States and internationally. It focuses on text messaging and
location-based services, including enhanced 9-1-1 (E9-1-1) for wireless
carriers and voice over Internet protocol (VoIP) service providers, and
secure satellite-based communication solutions for government
customers. The company operates through two segments, Commercial and
Government. The Commercial segment offers carrier software system
products that enable wireless carriers to deliver short text messages,
location information, Internet content, and other enhanced
communication services to and from wireless phones. This segment also
provides E9-1-1 services, commercial location-based services, and
inter-carrier text message distribution services on a hosted, or
service bureau basis. It also offers Rand McNally Traffic, a wireless
application on a subscription basis. As of December 31, 2007, the
company provided hosted services under contracts with approximately 30
wireless carrier networks and VoIP service providers. The Government
segment provides communication systems integration, information
technology services, and software solutions to the U.S. Department of
Defense and other government customers. It also owns and operates
satellite teleport facilities; resells access to satellite airtime; and
designs, furnishes, installs, and operates wireless and data network
communication systems, including its SwiftLink deployable communication
systems, which incorporate high speed, satellite, and Internet protocol
technology used for security, defense, and law enforcement worldwide.
The company has strategic partnerships with Motorola and
Alcatel-Lucent. TeleCommunication Systems was founded in 1987 and is
headquartered in Annapolis, Maryland.
TSYS News:
May 1 - TCS Reports Record First Quarter 2008 Net Income, up 90%
Sequentially
Record $4.6 Million, $0.11 per Share GAAP Profit, on 18% Year-Over-Year
Revenue Growth; $8.4 Million, $0.20 per Share EBITDA up 79%
Year-Over-Year
TeleCommunication Systems, Inc. (NASD: TSYS) (TCS), a global leader in
mission-critical wireless communications technology, reported record
results for the first quarter ended March 31, 2008.
First Quarter 2008 Results:
* Revenue was $40.4 million, up 18% from $34.1 million in the first
quarter of 2007 and an increase of 9% from $37.1 million in the
previous quarter.
* GAAP net income was a record $4.6 million or $0.11 per share, versus
a net income of $0.6 million or $0.02 per share in the first quarter of
2007, and an increase of 90% over net income of $2.4 million or $0.06
per share in the previous quarter.
* EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization, and Noncash Stock Compensation) for the quarter was a
record $8.4 million or $0.20 per basic and $0.19 per diluted share.
This is a 45% increase from $5.8 million or $0.14 per basic and $0.13
per diluted share in the previous quarter, and a 79% increase from $4.7
million or $0.12 per basic and $0.11 per diluted share in the same
year-ago quarter.
"The quarter's results affirm favorable profit contribution trends from
commercial segment text messaging technology, location based services
for public safety, and from the government segment," said Maurice B.
Tose, TCS chairman, CEO, and president. "The robust growth in the use
of SMS text messaging drove carrier customers to purchase licenses for
additional capacity during the quarter, including the equivalent of
more than two quarters' worth of a six-quarter arrangement begun in Q3
2007. Continuing increases in SMS usage indicate that $7.5 million of
license sales previously slated for the second half of 2008 will more
likely occur in the second and third quarters. Government segment
profitability improved on a modest increase in year-over-year volume,
with significantly higher volume now expected in the remaining 2008
quarters, as some shipments previously planned for Q1 will occur in Q2
and subsequent. Overall, our company franchises in premium wireless
carrier services and secure deployable communication systems for
government produced a strong start for the year and positions TCS for a
solid, multi-year run."
Backlog at the end of the quarter remains strong in both government and
commercial segments and is about double its level a year ago.
ABOUT OTCPICKS.COM
OTCPicks.com is an Internet destination for investors seeking
information on smallcap and microcap companies. The web site features
companies in Profile Campaigns, Executive Interviews and Profile
Research Reports authored by our financial writers. We publish a daily
Newsletter to subscribers, and we publish our Daily Market Movers
Digest which is sent out on the M2 Presswire several times daily
highlighting hot OTC and OTCBB stocks. To feature a company on our web
site or in our daily Newsletter or Market Mover's Digest, please
contact our publisher, Brian Dean at 972-546-3740, or via email at
publisher@otcpicks.com.
Disclaimer: Never invest in any stock featured on our site or emails
unless you can afford to lose your entire investment. This disclaimer
is to be read and fully understood before using our site, or joining
our email list. PLEASE NOTE: The OTCPicks.com employees are NOT
Registered as an Investment Advisor in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you
agree to hold OTCPicks.com, its operators owners and employees harmless
and to completely release them from any and all liability due to any
and all loss (monetary or otherwise), damage (monetary or otherwise),
or injury (monetary or otherwise) that you may incur. Neither the
information presented nor any statement or expression of opinion, or
any other matter herein, directly or indirectly constitutes a
representation by the publisher nor a solicitation of the purchase or
sale of any securities. OTCPicks.com has not been compensated by any of
the companies covered in this release. For a complete list of
disclosures go to http://www.otcpicks.com/disclosure_details.php. The
information contained herein is based on sources which we believe to be
reliable but is not guaranteed by us as being accurate and does not
purport to be a complete statement or summary of the available data.
The owner, publisher, editor and their associates are not responsible
for errors and omissions. They may from time to time have a position in
the securities mentioned herein and may increase or decrease such
positions without notice. Any opinions expressed are subject to change
without notice. OTCPicks.com encourages readers and investors to
supplement the information in these reports with independent research
and other professional advice. All information on featured companies is
provided by the companies profiled, or is available from public sources
and OTCPicks.com makes no representations, warranties or guarantees as
to the accuracy or completeness of the disclosure by the profiled
companies or the information contained herein. OTCPicks.com and its
affiliates are not registered investment advisors or a broker dealers.
OTCPicks.com has been advised that the investments in companies
profiled are considered to be high risk and use of the information
provided is at the investor's sole risk. OTCPicks.com also advises that
the purchase of such high risk securities may result in the loss of
some or all of the investment. Investors should not rely solely on the
information presented. Rather, investors should use the information
provided by the profiled companies as a starting point for doing
additional independent research on the profiled companies in order to
allow the investor to form his or her own opinion regarding investing
in the profiled companies. Factual statements made by the profiled
companies are made as of the date stated and are subject to change
without notice. Investing in micro-cap securities is highly speculative
and carries an extremely high degree of risk. It is possible that an
investor's entire investment may be lost or impaired due to the
speculative nature of the companies profiled. OTCPicks.com makes no
recommendation that the securities of the companies profiled should be
purchased, sold or held by individuals or entities that learn of the
profiled companies through OTCPicks.com. OTCPicks.com owners may or may
not hold positions in the companies that are profiled.
The information contained herein contains forward-looking information
within the meaning of Section 27A of the Securities Act of 1993 and
Section 21E of the Securities Exchange Act of 1934 including statements
regarding expected continual growth of the company and the value of its
securities. In accordance with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 it is hereby noted
that statements contained herein that look forward in time which
include everything other than historical information, involve risk and
uncertainties that may affect the company's actual results of
operation. Factors that could cause actual results to differ include
the size and growth of the market for the company's products, the
company's ability to fund its capital requirements in the near term and
in the long term, pricing pressures, unforeseen and/or unexpected
circumstances in happenings, pricing pressures, etc. Investing in
securities is speculative and carries risk. Past performance does not
guarantee future results.
Third Party Web Sites and Information:
OTCPicks.com and newsletter may provide hyperlinks to third party
websites or access to third party content. OTCPicks.com does not
control, endorse, or guarantee content found in such sites. You agree
that OTCPicks.com is not responsible for any content, associated links,
resources, or services associated with a third party site. You further
agree that OTCPicks.com shall not be liable for any loss or damage of
any sort associated with your use of third party content. Links and
access to these sites are provided for your convenience only.
CONTACT: Brian Dean, Publisher, OTCPicks.com
Tel: +1 972 546 3740
e-mail: publisher@otcpicks.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
RDATE:05052008
Our Stocks to Watch tomorrow include Budget Waste Inc. (OTC: BDGW),
Vermillion Inc. (NASD: VRML), Titan Oil and Gas Inc. (OTC: TNOG),
Mechanical Technology Incorporated (NASD: MKTY) and TeleCommunication
Systems Inc. (NASD: TSYS).
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter, and Email Stock Watch Alerts.
BUDGET WASTE INCORPORATED (OTC: BDGW) "Up 5.74% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/BDGW.php
Budget Waste Inc. is a waste solutions company in Western Canada
providing complete waste and recycling services to commercial,
industrial, construction, homebuilding, oilfield and residential
clients. With its broad range of innovative services, the company
offers its customers more value for their dollar and reduces accounting
costs by providing streamlined billing. BWI is currently following its
growth-through-acquisition strategy with exceptional success. With
regulations throughout North America pressing companies and individuals
to be more vigilant in the way they handle their waste products,
company officials see vast opportunity for expansion of BWI's
distinctive services.
BDGW News:
May 2 - Budget Waste Inc. Files Form 211 With NASD
Budget Waste Inc. (OTC: BDGW) announced that it has received
confirmation from its principal market maker that a Form 211 has been
filed by the market maker with NASD seeking permission to trade the
company's common stock on a fully solicited basis on the Pink Sheets.
"We believe this is a very important step in our plan to have our
shares trading soon on the OTCBB," stated Jim Can, CEO of Budget. "Our
next step, once our audit is completed, is to file a Form 10-sb with
the SEC in order to become a fully reporting company. Once we have
reporting company status, our market maker can apply for trading of our
shares on the OTCBB."
VERMILLION INCORPORATED (NASD: VRML) "Up 39.66% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/VRML.php
Vermillion, Inc. discovers, develops, and commercializes diagnostic
tests that help physicians to diagnose and treat patients. It develops
clinical protein biomarker diagnostic products and services in the
fields of oncology, hematology, cardiology, and women's health with
initial focus on ovarian cancer. The company has collaborations with
various academic and research institutions, including The Johns Hopkins
University School of Medicine focusing on oncology, primarily breast,
prostate, and ovarian cancers; The University of Texas M.D. Anderson
Cancer Center that focuses on cancers of the reproductive tract,
including the uterus, fallopian tubes, and ovaries; and The University
of Texas Medical Branch for the discovery and development of new
products for personalized or targeted medicine, primarily in the field
of liver disease. It also has collaboration agreements with The
Katholieke Universiteit Leuven for the discovery, validation, and
characterization of biomarkers related to gynecological diseases; Ohio
State University Research Foundation for the discovery, validation, and
characterization of biomarkers related to thrombotic thrombocytopenic
purpura, and production of associated technology; Stanford University
for the discovery, validation, and characterization of biomarkers
related to cardiovascular diseases, primarily peripheral arterial
disease; and Clinic of Gynecology and Clinic of Oncology,
Rigshospitalet, Copenhagen University Hospital. In addition, Vermillion
has strategic alliance with Quest Diagnostics Incorporated for
commercializing up to three diagnostic tests. The company was founded
as Abiotic Systems in 1993 and changed its name to Ciphergen
Biosystems, Inc. in 1995. It further changed its name to Vermillion,
Inc. in 2007. The company is based in Fremont, California.
VRML News:
May 1 - Vermillion's Roundtable Teleconference Highlights Peripheral
Artery Disease Diagnostic Program; Features Commentary from Vascular
Medicine Expert
Company Offers Access to Archived Web Cast and Phone Replay of the Forum
Vermillion, Inc. (NASD: VRML), a molecular diagnostics company,
recently held a roundtable teleconference focusing on its peripheral
artery disease (PAD) diagnostic program and the need for improved
detection of this life- and limb-threatening condition. The
teleconference, which took place yesterday, featured keynote speaker
John Cooke, M.D., Ph.D., Professor of Medicine at Stanford University,
whose research forms the basis of Vermillion's PAD blood test.
The roundtable discussion was the first of a series of calls to provide
investors an opportunity to hear more about Vermillion's diagnostic
programs and understand the various markets that the company seeks to
address. Yesterday's forum served as a means to educate this audience
about the current state of PAD and why there is a clinical need for a
blood test that can determine a person's risk of developing the
disease. PAD, a serious condition affecting some eight to 12 million
Americans, can double a person's risk of heart attack and stroke, and
increase the risk of amputation and death. There are treatments that
can save the lives and limbs of these patients once the disease is
recognized.
"The signs and symptoms of PAD often go unnoticed, and as a result many
patients are not being properly diagnosed. We are in serious need of
new, innovative tools to aid in the diagnosis and management of this
life- threatening condition," said Dr. Cooke. "Together with
Vermillion, we are working to develop a simple blood test that will
stratify an individual's risk of developing PAD. This will serve as an
important advancement in the overall management of the disease -
benefiting both the patient and the physician alike."
"Improving diagnosis of PAD, expediting treatment and enhancing patient
outcomes is a key goal for Vermillion, as well as for Dr. Cooke and his
research team at Stanford," said Gail Page, President and CEO of
Vermillion. "We believe that our PAD diagnostic program will achieve
these goals, and look forward to reporting additional clinical and
commercial results in the coming months."
To access the archived Web cast of the conference call, visit the
Investor Relations section of Vermillion's Web site at
www.vermillion.com. Additionally, a telephone replay of the roundtable
discussion is available through May 30, and may be accessed by dialing
(800) 633-8284 from the United States and Canada or (+1 402) 977-9140
internationally. The replay pass code is 21381902.
ABOUT VERMILLION'S PAD DIAGNOSTIC TEST PROGRAM
In collaboration with Dr. Cooke and his research team at Stanford
University, Vermillion has developed a novel panel of biomarkers in an
effort to determine the risk of PAD through a simple blood test. The
company has an exclusive license agreement with Stanford to develop and
commercialize this panel.
TITAN OIL AND GAS (OTC: TNOG) "Up 31.58% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/TNOG.php
Titan Oil and Gas, Inc. engages in the development, drilling, and
production of oil and gas in the United States. It focuses on the
redevelopment of oil and gas fields with a history of production, and
exploration and development of new properties. The company holds an
option on approximately 250 acres of leases in Bastrop County, Texas.
It also owns interest in Wilson County project, Texas. The company was
incorporated in 1988 under the name Sierra Gold Corporation and changed
its name to PayForView.com Corp. in 1999. Further, it changed its name
to James Barclay Alan, Inc. in 2002, to Titan Consolidated, Inc. in
2003, and to Titan Oil and Gas, Inc. in 2005. The company is based in
New York, New York.
TNOG News:
May 1 - Titan Oil and Gas Reaches An Agreement With All Major Creditors
Titan Oil and Gas Has Reached An Agreement That Addresses and Satisfies
All Major Debts Owed By The Company
Titan Oil and Gas Inc. (OTC: TNOG) management has secured settlements
with all major creditors. These negotiations struck a similar tone to
those that addressed the company's legal issues; in that the strength
of management's plan to move the business forward was a key factor in
the process.
Titan Oil and Gas had a liability of approx. $871,664 before management
entered into talks with company creditors. Through negotiation, the
amount was revised down to $641,959, a reduction of $229,685 or more
than 26%. This figure includes all remaining debt other than monthly
expenses. 65% of the negotiated amount will be amortized over a 36
month period. Due to their confidence in the business plan the
remaining 35%, which includes management, will be taken in the form of
stock as a longer-term investment. As with the legal settlements, Titan
will also pay only the remaining principal, not interest, to these
creditors.
The agreement was possible because each creditor was encouraged by
company management's plan to generate the funds necessary to meet these
newly amended obligations. Management wants to clarify that these
settlements will not require a reverse split and that Titan will not
consider a reverse split as a means to further the Company.
"We appreciate that they have found our plan to be supportive of all of
our interests," Brandon Toth, Titan Oil and Gas President, stated in
reference to the adoption of Titan's terms for settlement.
MECHANICAL TECHNOLOGY INCORPORATED (NASD: MKTY) "Up 32.93% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/MKTY.php
Mechanical Technology, Incorporated, through its subsidiaries, engages
in developing and commercializing off-the-grid rechargeable power
sources for portable electronics. The company offers fuel cell power
solution that consists of Mobion Chip, the direct methanol fuel cell
power engine, and methanol replacement cartridges for various
applications, such as mobile phones and mobile phone accessories,
digital cameras, portable media players, PDAs, and GPS devices. It also
provides precision non-contact physical measurement solutions,
condition based monitoring systems, portable balancing equipment, and
semiconductor wafer inspection tools for the manufacturing,
semiconductor, commercial/military aviation, automotive, and data
storage industries. The company's test and measurement instruments and
systems consist of electronic, computerized gauging instruments for
position, displacement, and vibration applications for the design,
manufacturing, and test markets; semiconductor products for wafer
characterization; and engine balancing and vibration analysis systems
for military and commercial aircrafts. It sells its products directly,
as well as through sales representatives and distributors to original
equipment manufacturers primarily in the United States, Europe, Japan,
Singapore, and internationally. The company has strategic alliance with
Samsung Electronics Co., Ltd.; Duracell; and Trident Systems, Inc.
Mechanical Technology, Incorporated was founded in 1961 and is
headquartered in Albany, New York.
MKTY News:
May 2 - MTI Micro Debuts Embedded Fuel Cell Prototype for Handheld GPS
Devices
Company Exhibits Micro Fuel Cell Prototypes for Portable Electronics at
Small Fuel Cells Conference in Atlanta
MTI MicroFuel Cells Inc. ("MTI Micro"), the developer of Mobion
off-the-grid portable power solutions and a subsidiary of Mechanical
Technology Incorporated (NASD: MKTY) ("MTI"), unveiled a new embedded
micro fuel cell prototype design for handheld global positioning system
("GPS") devices at the 10th Annual International Small Fuel Cells
Conference in Atlanta. MTI Micro will exhibit a micro fuel cell powered
GPS prototype at booth number 101, alongside its full range of
functional prototypes for use in handheld electronic devices.
MTI Micro's new Mobion powered GPS prototype provides three times as
much energy as GPS devices powered by four disposable AA batteries. On
a model with a large, full-color screen, this fuel cell design
generates up to 60 hours of continuous power and provides weeks instead
of days of typical usage.
The new Mobion powered GPS prototype includes a USB interface, allowing
the prototype to also be used as an independent energy source for a
variety of purposes, including for recharging mobile phones, digital
cameras, portable media players and other handheld electronic devices.
The Mobion powered GPS prototype can be immediately recharged by
refilling it with methanol.
"MTI Micro is exploring the integration of our Mobion platform with GPS
devices as part of our strategy to bring micro fuel cell technology to
a wide range of portable consumer electronic device market segments,"
said Peng Lim, President and CEO of MTI. "Battery life is a key issue
with handheld GPS devices, especially as manufacturers add advanced
energy-hungry features to new models, such as larger full color
screens. Our Mobion powered GPS prototype will provide handheld GPS
users such as hikers and campers, travelers, boaters, pilots and other
sports enthusiasts the peace of mind of much longer usage time and will
help them do away with the expense, bulk and environmental
unfriendliness of conventional batteries."
MTI Micro's new embedded micro fuel cell prototype design for GPS
devices will be the second prototype unveiled by the company in two
months. In February, MTI Micro announced a Mobion powered camera-grip
attachment for digital SLR cameras designed to provide twice as much
energy as existing battery pack camera-grips of the same size. MTI
Micro is seeking to commercialize its Mobion direct methanol fuel cell
technology to bring the benefits of longer run-time and instantaneous
recharging capabilities to consumers, while also providing handheld
device manufacturers with a new power supply platform that both
enhances performance and creates new opportunities for increased
functionality by enabling a wider array of desired features to be
If you don’t have a telecommuting program, how much revenue is your business losing? Learn more, download free white paper.Discover how Unified Communications can help you gain the competitive edge, with more efficient internal operations, increased productivity and improved customer service. Learn more, download free white paper.Discover the top 10 reasons to throw out your old PBX and replace it with a new software based IP PBX. Learn about a new end-to-end billing and network management solution for independent Internet Service Providers.Learn about front office and back office systems which are less and less dependent on the underlying technology and more and more agile. Learn how to maintain seamless business continuity while migrating from traditional voice mail, to unified communications.
incorporated into overall product design.
At the 10th Annual International Small Fuel Cells Conference, MTI Micro
will showcase its Mobion external power charger prototypes, its Mobion
attached power source camera-grip prototype and its embedded Mobion
powered GPS prototype and smartphone concept model. For more
information about the 10th Annual International Small Fuel Cells
Conference, visit www.knowledgefoundation.com.
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.
ABOUT MTI MICROFUEL CELLS MTI MicroFuel Cells Inc. ("MTI Micro"), a
subsidiary of Mechanical Technology, Incorporated (NASD: MKTY), is the
developer of Mobion off-the-grid portable power solutions. MTI Micro
has a team of entrepreneurial business executives, researchers and
scientists; a proprietary direct methanol micro fuel cell power system
and a number of system prototypes demonstrating size reductions and
performance improvements; and related intellectual property. MTI Micro
has received government funding and developed strategic partnerships to
facilitate efforts to achieve commercialization. More information is
available at www.mtimicrofuelcells.com.
TELECOMMUNICATION SYSTEMS INCORPORATED (NASD: TSYS) "Up 21.55% on
Friday"
Detailed Quote: http://www.otcpicks.com/quotes/TSYS.php
TeleCommunication Systems, Inc. engages in the development and
application of wireless data communications technology in the United
States and internationally. It focuses on text messaging and
location-based services, including enhanced 9-1-1 (E9-1-1) for wireless
carriers and voice over Internet protocol (VoIP) service providers, and
secure satellite-based communication solutions for government
customers. The company operates through two segments, Commercial and
Government. The Commercial segment offers carrier software system
products that enable wireless carriers to deliver short text messages,
location information, Internet content, and other enhanced
communication services to and from wireless phones. This segment also
provides E9-1-1 services, commercial location-based services, and
inter-carrier text message distribution services on a hosted, or
service bureau basis. It also offers Rand McNally Traffic, a wireless
application on a subscription basis. As of December 31, 2007, the
company provided hosted services under contracts with approximately 30
wireless carrier networks and VoIP service providers. The Government
segment provides communication systems integration, information
technology services, and software solutions to the U.S. Department of
Defense and other government customers. It also owns and operates
satellite teleport facilities; resells access to satellite airtime; and
designs, furnishes, installs, and operates wireless and data network
communication systems, including its SwiftLink deployable communication
systems, which incorporate high speed, satellite, and Internet protocol
technology used for security, defense, and law enforcement worldwide.
The company has strategic partnerships with Motorola and
Alcatel-Lucent. TeleCommunication Systems was founded in 1987 and is
headquartered in Annapolis, Maryland.
TSYS News:
May 1 - TCS Reports Record First Quarter 2008 Net Income, up 90%
Sequentially
Record $4.6 Million, $0.11 per Share GAAP Profit, on 18% Year-Over-Year
Revenue Growth; $8.4 Million, $0.20 per Share EBITDA up 79%
Year-Over-Year
TeleCommunication Systems, Inc. (NASD: TSYS) (TCS), a global leader in
mission-critical wireless communications technology, reported record
results for the first quarter ended March 31, 2008.
First Quarter 2008 Results:
* Revenue was $40.4 million, up 18% from $34.1 million in the first
quarter of 2007 and an increase of 9% from $37.1 million in the
previous quarter.
* GAAP net income was a record $4.6 million or $0.11 per share, versus
a net income of $0.6 million or $0.02 per share in the first quarter of
2007, and an increase of 90% over net income of $2.4 million or $0.06
per share in the previous quarter.
* EBITDA (Earnings before Interest, Taxes, Depreciation and
Amortization, and Noncash Stock Compensation) for the quarter was a
record $8.4 million or $0.20 per basic and $0.19 per diluted share.
This is a 45% increase from $5.8 million or $0.14 per basic and $0.13
per diluted share in the previous quarter, and a 79% increase from $4.7
million or $0.12 per basic and $0.11 per diluted share in the same
year-ago quarter.
"The quarter's results affirm favorable profit contribution trends from
commercial segment text messaging technology, location based services
for public safety, and from the government segment," said Maurice B.
Tose, TCS chairman, CEO, and president. "The robust growth in the use
of SMS text messaging drove carrier customers to purchase licenses for
additional capacity during the quarter, including the equivalent of
more than two quarters' worth of a six-quarter arrangement begun in Q3
2007. Continuing increases in SMS usage indicate that $7.5 million of
license sales previously slated for the second half of 2008 will more
likely occur in the second and third quarters. Government segment
profitability improved on a modest increase in year-over-year volume,
with significantly higher volume now expected in the remaining 2008
quarters, as some shipments previously planned for Q1 will occur in Q2
and subsequent. Overall, our company franchises in premium wireless
carrier services and secure deployable communication systems for
government produced a strong start for the year and positions TCS for a
solid, multi-year run."
Backlog at the end of the quarter remains strong in both government and
commercial segments and is about double its level a year ago.
ABOUT OTCPICKS.COM
OTCPicks.com is an Internet destination for investors seeking
information on smallcap and microcap companies. The web site features
companies in Profile Campaigns, Executive Interviews and Profile
Research Reports authored by our financial writers. We publish a daily
Newsletter to subscribers, and we publish our Daily Market Movers
Digest which is sent out on the M2 Presswire several times daily
highlighting hot OTC and OTCBB stocks. To feature a company on our web
site or in our daily Newsletter or Market Mover's Digest, please
contact our publisher, Brian Dean at 972-546-3740, or via email at
publisher@otcpicks.com.
Disclaimer: Never invest in any stock featured on our site or emails
unless you can afford to lose your entire investment. This disclaimer
is to be read and fully understood before using our site, or joining
our email list. PLEASE NOTE: The OTCPicks.com employees are NOT
Registered as an Investment Advisor in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you
agree to hold OTCPicks.com, its operators owners and employees harmless
and to completely release them from any and all liability due to any
and all loss (monetary or otherwise), damage (monetary or otherwise),
or injury (monetary or otherwise) that you may incur. Neither the
information presented nor any statement or expression of opinion, or
any other matter herein, directly or indirectly constitutes a
representation by the publisher nor a solicitation of the purchase or
sale of any securities. OTCPicks.com has not been compensated by any of
the companies covered in this release. For a complete list of
disclosures go to http://www.otcpicks.com/disclosure_details.php. The
information contained herein is based on sources which we believe to be
reliable but is not guaranteed by us as being accurate and does not
purport to be a complete statement or summary of the available data.
The owner, publisher, editor and their associates are not responsible
for errors and omissions. They may from time to time have a position in
the securities mentioned herein and may increase or decrease such
positions without notice. Any opinions expressed are subject to change
without notice. OTCPicks.com encourages readers and investors to
supplement the information in these reports with independent research
and other professional advice. All information on featured companies is
provided by the companies profiled, or is available from public sources
and OTCPicks.com makes no representations, warranties or guarantees as
to the accuracy or completeness of the disclosure by the profiled
companies or the information contained herein. OTCPicks.com and its
affiliates are not registered investment advisors or a broker dealers.
OTCPicks.com has been advised that the investments in companies
profiled are considered to be high risk and use of the information
provided is at the investor's sole risk. OTCPicks.com also advises that
the purchase of such high risk securities may result in the loss of
some or all of the investment. Investors should not rely solely on the
information presented. Rather, investors should use the information
provided by the profiled companies as a starting point for doing
additional independent research on the profiled companies in order to
allow the investor to form his or her own opinion regarding investing
in the profiled companies. Factual statements made by the profiled
companies are made as of the date stated and are subject to change
without notice. Investing in micro-cap securities is highly speculative
and carries an extremely high degree of risk. It is possible that an
investor's entire investment may be lost or impaired due to the
speculative nature of the companies profiled. OTCPicks.com makes no
recommendation that the securities of the companies profiled should be
purchased, sold or held by individuals or entities that learn of the
profiled companies through OTCPicks.com. OTCPicks.com owners may or may
not hold positions in the companies that are profiled.
The information contained herein contains forward-looking information
within the meaning of Section 27A of the Securities Act of 1993 and
Section 21E of the Securities Exchange Act of 1934 including statements
regarding expected continual growth of the company and the value of its
securities. In accordance with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 it is hereby noted
that statements contained herein that look forward in time which
include everything other than historical information, involve risk and
uncertainties that may affect the company's actual results of
operation. Factors that could cause actual results to differ include
the size and growth of the market for the company's products, the
company's ability to fund its capital requirements in the near term and
in the long term, pricing pressures, unforeseen and/or unexpected
circumstances in happenings, pricing pressures, etc. Investing in
securities is speculative and carries risk. Past performance does not
guarantee future results.
Third Party Web Sites and Information:
OTCPicks.com and newsletter may provide hyperlinks to third party
websites or access to third party content. OTCPicks.com does not
control, endorse, or guarantee content found in such sites. You agree
that OTCPicks.com is not responsible for any content, associated links,
resources, or services associated with a third party site. You further
agree that OTCPicks.com shall not be liable for any loss or damage of
any sort associated with your use of third party content. Links and
access to these sites are provided for your convenience only.
CONTACT: Brian Dean, Publisher, OTCPicks.com
Tel: +1 972 546 3740
e-mail: publisher@otcpicks.com
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
www.sitename.com
Add comment