For
Wednesday, February 24th
DLCR, GELV, MFLI, OPMG, PVHO
TORMD, BNE, PSID, BEDA, NPDT, MDCE
Our Stocks to Watch today include David Loren Corp. (OTC: DLCR), Green Energy Live Inc. (OTCBB: GELV), Muscle Flex Inc. (OTC: MFLI), Options Media Group Holdings Inc. (OTCBB: OPMG), Provision Holding Inc. (OTCBB: PVHO), TOR Minerals International Inc. (Nasdaq: TORM), Bowne & Company Inc. (NYSE: BNE), PositiveID Corp. (Nasdaq: PSID), Bederra Corp. (OTC: BEDA), Newport Digital Technologies Inc. (OTCBB: NPDT) and Medical Care Technologies Inc. (OTCBB: MDCE).

FEATURED
COMPANY

DAVID LOREN CORPORATION (OTC: DLCR)
"Up 19.23% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/DLCR.php
Company
Profile: http://www.otcpicks.com/david-loren-corp/david-loren-corp.htm
Founded in 2006 by apparel industry executive David Loren, David Loren Corporation (www.davidlorencorporation.com) is engaged in the design, production and wholesale merchandising of quality 'Moderate to Better- price point' women's apparel to major department stores, mass merchants, specialty chains and direct-to-consumer merchants. Headquartered in Los Angeles, California, the Company designs and produces private label product and four distinct product lines that include David Loren Collection, David Loren Dress, David Loren Beverly Hills, and David Loren Studio. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel, and target consumer. The Company contracts for the manufacture of its product lines through a worldwide network of quality manufacturers.
DLCR
News:
February 24 - David Loren Corporation to Launch New Men's Collection
David Loren Corporation (OTC: DLCR) announced that it will design, produce and wholesale a new men's apparel line under its David Loren Homme label. David Loren, President and Chief Executive Officer of David Loren Corporation, describes his new line as a one hundred percent knit-based collection of sportswear and outerwear in Berber, cotton jersey, cotton/spandex, thermal and micro-suede fabrics, with design direction inspired by the movies of the 1950's era.
David Loren commented, "My vision for our premier Men's collection is that it retain a certain iconic retro element while incorporating fashion-forward American style and great quality at smart prices. David Loren Homme clothing is intended to be versatile, comfortable and eminently wearable."
David Loren Homme's target consumer is between 25 and 55 years old. The line will be manufactured exclusively in the United States and will feature the label designation Made for America.
"We're thrilled and proud to be able to manufacture the David Loren Homme line in the United States at this particular time in our history when we all can make the emotional connection to the words Made for America," said David Loren.
The new collection will be introduced in Fall 2010 and marketed to major department stores and mass retailers as both branded and private label product at affordable retail price points.
FEATURED
COMPANY

GREEN ENERGY LIVE INCORPORATED (OTCBB: GELV)
Detailed
Quote: www.otcpicks.com/quotes/GELV.php
Company
Profile: http://www.otcpicks.com/green-energy-live.htm
Green Energy Live Inc. is engaged in developing sustainable biomass-to-energy conversion technology to meet a critical need for the nation's $154 billion livestock industry. The company plans to use its proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable livestock farmers and ranchers to convert their animal waste into clean, renewable energy.
GELV
News:
February 24 -
Green Energy Live Executes Letter of Intent to Acquire Leading Electrical Services Company with $6 Million in Revenue
Green Energy Live, Inc. (OTCBB: GELV), a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the U.S. livestock industry, announces that the company is moving forward with an acquisition of Peck Electric Inc., a Vermont corporation. On February 23, 2010 Green Energy Live updated its Letter of Intent to acquire 100% of the stock in Peck Electric, an established provider of electrical contracting services which generated $6 million in gross revenue last year.
Established in 1972, Peck Electric is Vermont's leading provider of electrical contracting services. The company's long roster of customers includes IBM, UPS, Energizer Battery Company and Ben & Jerry's, among others. Peck provides commercial and residential electrical contracting, installs telecommunications systems, provides solar power installations, and designs and develops clean energy products. Upon acquisition Peck will become a wholly owned subsidiary of Green Energy Live. Green Energy Live, Inc. is conducting its due diligence phase of this acquisition and will commence the required financial audits in March 2010. Upon completion of these pre-acquisition investigations, Green Energy Live, Inc. and Peck Electric will determine a closing date for this transaction.
Jeff Peck, President of Peck Electric, commented: "We have been in business for 38 years and pride ourselves on our quality of service, longstanding customer relationships, and ability to innovate to meet market demand. Peck generated $6 million in gross revenue in calendar year 2009. We believe our established electrical contracting services business will be significantly augmented by our new clean energy initiatives as well as exposure to the public markets. We are eager to combine forces with Green Energy Live."
Karen Clark, President/CEO of Green Energy Live, commented: "Green Energy Live chose Peck Electric for its excellent management team, extensive systems design and development expertise, ongoing revenue and exciting new clean energy product development. Upon closing of the acquisition we look forward to helping Peck achieve continued growth and expanded market penetration. Peck Electric brings several critical components to Green Energy Live that will allow us to offer clean energy solutions in the marketplace."
FEATURED
COMPANY

MUSCLE FLEX INCORPORATED (OTC: MFLI)
Detailed
Quote: http://www.otcpicks.com/quotes/MFLI.php
Company
Profile: http://www.otcpicks.com/muscle-flex-inc.htm
Muscle Flex Inc. brings new products to market using direct response TV infomercials specializing in the health, fitness, wellness and hygiene sectors. As well, Muscle Flex Inc. develops and creates general television content for network and cable television distribution. Muscle Flex's corporate strategy is to develop new and innovative products for sale and distribution via its proprietary direct response marketing system and the creation of television media and shows for general network and cable broadcast.
MFLI
News:
February 24 - Muscle Flex Inc. to Change its Name to Bravada International LTD; Muscle Flex to Become Health & Fitness Division and its New Brand Bravada is Born
Muscle Flex Inc. (OTC: MFLI) announced that it will be changing its name to Bravada International Ltd. (www.BravadaLTD.com) a name that more accurately reflects the company's growing depth of business affairs. Muscle Flex® will remain an integral part of the company as the health and fitness product and services brand. Given the scope of Muscle Flex’s business interests, the company requires a name that more accurately represents its growing national market presence. It’s reality show, The Complete Package™ (www.TheCompletePackageTV.com), as well as its alignment with Kim Kardashian for its Muscle Flex VATA (www.MuscleFlexVATA.com) Sports and Active Wear line, provides two examples where its new name, Bravada International Ltd. depicts a broader consumer and corporate perception. As part of the name change, the Company will also be changing its symbol and CUSIP number.
Muscle Flex Inc. / Bravada International Ltd, has filed for all relevant trademarks, web domains and associated intellectual property considerations to protect and grow its brand Bravada™ across multiple product categories. This process began a few weeks back and a number of elements associated with the corporate name change to Bravada™ have begun. With regards to The Complete Package™, it will be a TV reality show looking for the new face of Bravada International Ltd. Discussions with various television related entities in Hollywood in developing The Complete Package, reacted very favorably to the Bravada name in relation to the TV reality show as well as a growing list of other potential media projects for the company. As well, Muscle Flex® / Bravada™ has a number of additional projects that it is developing. The branding power behind the name Bravada provided a much more concise relation to the overall vision for the company.
Company CEO and Founder, Danny Alex, stated, "Our new name, Bravada International Ltd., captures the essence of all of our corporate and operational objectives. We have aligned ourselves with some significant entities and media players in Hollywood and wanted to make sure that we are able to market our name across multiple categories especially as we begin the filming of the pilot and opening episode of The Complete Package and transition into an ongoing series format upon executing a network deal for the reality project. The Muscle Flex brand will remain an integral part of Bravada International Ltd. as its health and fitness product division.”
Muscle Flex / Bravada shall provide investors with additional information regarding the formal name change as well as its new CUSIP number shortly. All shares will be exchanged on a 1 for 1 basis.
ABOUT THE COMPLETE PACKAGE™
The Complete Package, its new reality television show that merges Victoria’s Secret style and attitude with “The Apprentice” business savvy, has confirmed its cast of judges. The judging line-up will feature Danny Alex, as the central judge, joined by the two new confirmed judges, Bright Riley and Amanda Barajas who will join the show’s exciting line-up including the newly named celebrity host, Manny Streetz, the top Los Angeles On-Air Radio Personality who reaches over 3 million and is known as “Manny on the Streets.” Streetz will be sharing hosting duties with actress, Kristyn Green, who plays a recurring role on the USA series “The Starter Wife.”
An open casting call for the pilot episode is scheduled to take place Saturday, February 27, at 8:00am at HD Vision Broadcast Center in Studio City, California. Hundreds of contestant applications are already pouring in and a huge turnout is expected.
“The Complete Package” welcomes all women with a pulse to participate in its edgy, just-when-you-thought-you-had-seen-it-all competition. Thousands of women in all shapes and sizes are expected to participate for a chance at winning the title. The winner will be selected on the following criteria: Beauty, Business Smarts, Fitness, Fashion Sense, Intellect, Sex Appeal, Confidence, Spirit and Heart.
“Who is ‘The Complete Package’? Danny Alex offers, “This show will redefine what sexy is in America… and we are looking for all of it!” The 10-episode series will incorporate all of the drama, humor and the unexpected that comes when women compete. How does a beautiful woman get prepared for the opportunity of a lifetime? What decisions go into hair, make-up, wardrobe, and attitude to standout from the rest in a Beverly Hills, 90210 setting? What interaction takes place when they’re living with the competition? Who’s their friend and who’s their enemy?
This is a 24/7 competition never out of the eye of the camera. Special features in the show will include fashion couture on-a-budget, a swimsuit contest, perseverance, endurance, fitness, sales and business acumen, public appearances, and getting real in the ‘must see and hear’ Truth Booth. Each week one contestant will be eliminated until only one winner stands in the spotlight.
February 23 - Muscle Flex Inc. Announces Celebrity Host and Judge Casting Confirmations for The Complete PackageTV Reality Show
Muscle Flex Inc. (OTC: MFLI) announced that “The Complete Package,” its new reality television show that merges Victoria’s Secret style and attitude with “The Apprentice” business savvy, has confirmed its cast of judges, Bright Riley and Amanda Barajas, who together will join the show’s exciting line-up including the newly named celebrity host, Manny Streetz, the top Los Angeles On-Air Radio Personality who reaches over 3 million and is known as “Manny on the Streets.” Streetz will be sharing hosting duties with actress, Kristyn Green, who plays a recurring role on the USA series, “The Starter Wife.”
The show is co-executive produced by Bill Garnet and Jacque Lueth, from Wesley Morris Entertainment, Inc., the company responsible for such shows as “Battle of the Network Stars” and “The Superstars,” among others. Joining as co-producers are Ken Collis and Tracy Keyser of TLK Fusion Entertainment, Inc. The show was created and is co-produced by Danny Alex, CEO and founder of Muscle Flex, Inc., the health, fitness and lifestyle company best recognized for its sassy, sexy Sports and Active Wear Collection (www.MuscleFlexVATA.com).
An open casting call for the pilot episode is scheduled to take place Saturday, February 27, at 8:00am at HD Vision Broadcast Center in Studio City, California. Hundreds of contestant applications are already pouring in and a huge turnout is expected.
“The Complete Package” welcomes all women with a pulse to participate in its edgy, just-when-you-thought-you-had-seen-it-all competition. Thousands of women in all shapes and sizes are expected to participate for a chance at winning the title. The winner will be selected on the following criteria: Beauty, Business Smarts, Fitness, Fashion Sense, Intellect, Sex Appeal, Confidence, Spirit and Heart.
The judging line-up will feature Danny Alex, as the central judge, joined by the two new confirmed judges, Bright Riley and Amanda Barajas. Learn more about the new host and judges, as follows:
Manny Streetz
What do Sandra Bullock, Eva Longoria, Will Smith and Britney Spears have in common? They have all been interviewed by Manny Streetz, the successful Los Angeles On-Air Radio Personality best recognized as “Manny on the Streets.” He is also known for his Hot Hits Live from L.A. with Andrew G. in over 80 Radio stations in Australia. His multiple talents include writing and/or producing on projects such as Donate Life, the Leukemia Lymphoma Society, recording artists Frankie J, Raven Symone, Samantha Jade, Hollywood Records Artists – All Star, School Boy Humor, and most recently, YaBoy aka YB of "We Run L.A." fame. Streetz has also produced and collaborated with song writers – J&Sweet, Damon Sharpe, multi-Grammy Award winner Diane Warren, Randy Jackson, and Eddie Galan, to name a few. His outgoing radio persona is now crossing over to television where he will be the ‘man amongst the ladies’ on the new reality show.
Kristyn Green
As a trained actress with special talents and further training in ballet, tap, jazz, and voice, Kristyn Green has hosted various television show segments and has also appeared in a number of commercials. From the time the Texas-born native won the title of Miss Teen Lubbock (leading her to also compete in Miss Teen Texas), this only further inspired Green to continue her ambitions on the live stage, as she went on to attend Oklahoma City University on a dance scholarship. It wasn’t long after graduation that she would delve into multiple television and film endeavors – including the feature film, “Pretty Cool 2,” and the television series, “The Law Firm,” produced by David E. Kelley. She next lent her talents to the West Coast premiere of “Never Gonna Dance,” working opposite Tony Award winner, Harriet Harris (“Desperate Housewives”). Before long she was traveling to Bosnia, Kosovo, and Germany while performing in a USO tour for the troops. She is currently recurring on the USA series, “The Starter Wife,” with Debra Messing, and she is also shooting a feature film, “21 and Wake Up,” starring opposite Faye Dunaway, Ben Vereen and Danica McKellar. Green can also be seen in the newly released film, "Carver," which is quickly becoming a horror cult classic.
Bright Riley
A top music veteran, Bright Riley brings a cachet of industry experience coupled with who’s-who credits that would make most stand in awe of the talented, accomplished VIP. A record company owner (Eyecon Music Group, exclusively distributed by Fontana/Universal Music Group Distribution), Riley has done everything associated with entertainment, music and video production, music business, artist development, marketing, promotions, distribution and now as the co-owner and CEO of the newly established luxury watch company, Brissmor International. Riley also joined radio mogul, Cathy Hughes, to head up the distribution division for her entertainment label, Music One, as distributed through the Warner Brothers Distribution arm, WEA Inc., and was also handpicked by Jim Urie (President of Universal Music Group Distribution, the distribution home for Def Jam, Interscope, Universal, Geffen) in 2004 to carve out Universals independent division, Fontana Distribution; including being a music supervisor for Activision’s No. 1 video game (2003), "True Crime Streets of L.A.,” and being the co-owner of Vybe Squad Records (securing an imprint deal with Quincy Jones @ Q-west Records/Warner Bros. Records), among many other accolades to her credit – Riley maintains the right formula for having a successful portfolio, and having it all.
Amanda Barajas
Amanda Barajas brings her 5-star style and comedic relief to this sexy, savvy show. The alluring and contagious Barajas could be looking for her equal in one of the contestants on the new show – someone who brings natural beauty and warmth along with a bubbly, outgoing personality. Barajas is well-traveled and will hold nothing back with the contestants, when it comes to speaking her mind – who’s ‘got it,’ and better yet, who doesn’t! A Hollywood socialite in her own right, if not the glitter town’s ‘it girl’ for all things, status, this FIDM graduate will bring that certain special something to the show that people will have to watch to believe!
ABOUT THE COMPLETE PACKAGE
“Who is ‘The Complete Package’? Danny Alex offers, “This show will redefine what sexy is in America… and we are looking for all of it!” The 10-episode series will incorporate all of the drama, humor and the unexpected that comes when women compete. How does a beautiful woman get prepared for the opportunity of a lifetime? What decisions go into hair, make-up, wardrobe, and attitude to standout from the rest in a Beverly Hills, 90210 setting? What interaction takes place when they’re living with the competition? Who’s their friend and who’s their enemy?
This is a 24/7 competition never out of the eye of the camera. Special features in the show will include fashion couture on-a-budget, a swimsuit contest, perseverance, endurance, fitness, sales and business acumen, public appearances, and getting real in the ‘must see and hear’ Truth Booth. Each week one contestant will be eliminated until only one winner stands in the spotlight.
FEATURED
COMPANY

OPTIONS
MEDIA GROUP HOLDINGS INCORPORATED (OTCBB: OPMG)
"Up 9.59% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/OPMG.php
Company
Profile: http://www.otcpicks.com/options-media-group/options-media-group.htm
Options Media Group
Holdings, Inc. is an email services provider for on-demand
email marketing to create, send, and track professional
and permission-based email marketing campaigns. Additionally,
Options Media provides precision direct marketing
solutions including email marketing, SMS/mobile marketing,
SMS/keyword marketing, custom lead generation and
creative services. Options Media provides clients
with access to software, hardware, bandwidth, and
exclusive domains and IP addresses, as well as the
ability to upload and manage subscribers, and review
and upload campaigns and track results for a 360-degree
full-service customer marketing solution.
OPMG
News:
February 11 -
A New Audio Interview with Scott Frohman, CEO of Options Media Group, is now at SmallCapVoice.com
SmallCapVoice.com, Inc. announced that a new audio interview Options Media Group Holdings, Inc. (OTCBB: OPMG) is now available. The interview can be heard at http://smallcapvoice.com/blog/2-10-10-audio-interview-with-options-media-group-holdings-inc-otcbb-opmg.
FEATURED
COMPANY

PROVISION HOLDING INCORPORATED (OTCBB: PVHO)
Detailed
Quote: http://www.otcpicks.com/quotes/PVHO.php
Company
Profile: http://www.otcpicks.com/provision-holding/provision-holding.htm
Provision Holding, Inc. focuses on the development and distribution of three-dimensional (3D) holographic interactive display systems used primarily for advertising and product merchandising markets in the United States and internationally. The company offers its systems for application in advertising and retail networking systems; electronic transaction terminals; virtual store kiosks; and trade show, and indoor and outdoor visual display units. It also focuses on offering advertising on a media network of its 3D holographic video displays. The company is based in Chatsworth, California.
PVHO News:
February 18 -
Provision Interactive Names Ping Mobile to Provide Interactive Mobile Marketing Campaigns
Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), a provider of 3D interactive display software and hardware, announced today that it has partnered with Ping Mobile to add a mobile marketing component to its displays. The partnership will allow Provision's 3D Media Center platform to function as an integrated point-of-sale solution in malls, airports and other public locations.
"Mobile marketing serves as both an acquisition and retention tool for retailers and brands," said Curt Thornton, CEO of Provision. "By adding a mobile marketing capability to our 3D holographic displays, we are able to offer our clients a leading-edge technology that will directly result in location-based sales."
Ping Mobile president Shira Simmonds describes how the mix of Provision's 3D Media Centers and mobile marketing benefits brick-and-mortar retailers.
"When consumers respond to a call-to-action in a mall, airport, stadium or other public venue, they can retrieve discount coupons, tickets, vouchers and other printed items from Provision's 3D Media Centers. They can then redeem those offers with the participating on-site retailers. It's one of the most effective uses of mobile marketing, as it reaches consumers in real time, while they're out and about in immediate proximity to the retailer."
Provision's 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high-resolution videos into space, detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused Fortune 1000 companies.
Ping Mobile provides a complete range of mobile marketing services, including SMS, MMS, IVR, WAP applications and Bluetooth. With an industry-leading focus on consultancy, reporting, data analysis and client services packages, Ping is the mobile marketing agency of choice for clients that have included Warner Brothers, Ford Motor Company, Days Inn, Disney's Soap Channel, Kentucky Fried Chicken, Arby's, Pizza Hut and Hawaiian Airlines.
ABOUT PROVISION INTERACTIVE TECHNOLOGIES, INC.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCBB: PVHO), is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications.
Provision's 3D holographic display systems represent a revolutionary technology that provides the projection of full color, high resolution videos into space detached from the screen, without any special glasses. Provision is currently the market leader in true 3D consumer advertising display products being implemented by innovative, consumer-focused Fortune 1000 companies.
STOCKS
TO WATCH
TOR MINERALS INTERNATIONAL INCORPORATED (NASDAQ: TORMD)
"Up 93.08% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/TORMD.php
Headquartered in Corpus Christi, Texas, the Company produces synthetic titanium dioxide and color pigments, specialty aluminas, and other high performance mineral fillers. The Company is a global manufacturer and marketer of specialty mineral and pigment products for high performance applications with manufacturing and regional offices located in the United States, Netherlands and Malaysia.
TORMD News:
February 23 -
TOR Minerals Announces Fourth Quarter and Year End 2009 Financial Results
TOR Minerals International (Nasdaq: TORM), producer of synthetic titanium dioxide and color pigments, specialty aluminas, and other high performance mineral fillers, today announced its financial results for the fourth quarter and year ended December 31, 2009. For the fourth quarter ended December 31, 2009, the Company reported net income available to common shareholders of $143,000, or $0.08 per diluted share, on net sales of $6,395,000. This compares with a net loss available to common shareholders of $3,680,000, or ($2.33) per share, on net sales of $4,139,000 for the quarter ended December 31, 2008.
Net sales for the year ended December 31, 2009, were $24,193,000 compared to $25,304,000 during the year ended December 31, 2008. The net loss available to common shareholders was $196,000, or ($0.10) per diluted share, for the year ended December 31, 2009 compared to a net loss of $5,022,000, or ($3.19) per diluted share, for year ended December 31, 2008.
Net loss for the quarter ended and the year ended December 31, 2008 included an impairment charge of $1,976,000 related to write off of goodwill and a charge of $679,000 related to a charge for impairment of assets held for sale.
Net sales increased 55 percent during the fourth quarter of 2009 due to strong increases in all product categories. During the fourth quarter, sales of HITOX® increased 33% to $2.4 million as inventory levels in paint and plastic markets stabilized in the North America and Asia and end market demand improved. Sales of specialty alumina products grew 106 percent during the fourth quarter of 2009 due to increased demand for existing products in Europe and North America, and the success of new specialty alumina products introduced into North America during 2009.
During the fourth quarter of 2009, operating profit increased to $338,000, or 5.3% of sales, compared to an operating loss of ($2,784,000) reported during the fourth quarter of 2008. Fourth quarter 2009 operating profit also increased sequentially from the operating profit of $208,000, or 3.2% of sales, reported during the third quarter of 2009. Year-over-year and sequential improvements in profitability resulted from increased sales levels and greater operational efficiencies.
Commenting on the results, Dr. Olaf Karasch, Chief Executive Officer said, "We have weathered two years of challenging market conditions and emerged in a much better position to deliver profitable growth. Due to cost cutting measures, new, low-cost processing technologies and the dedicated efforts of our employees, we delivered four quarters of sequentially improving results during 2009 and the fourth quarter was our first positive net income in nine quarters. At the same time, we have continued our product development efforts and are beginning to have success with new products, such as OPTILOAD, which contributed to the doubling of our specialty alumina business during the quarter."
The Company said that positive sales trends have continued during the first two months of 2010 and, if the current trends continue, it expects to see continued improvement in financial results during 2010. "Customer demand has been strengthening across all of our products. In addition, customers are increasingly interested in our new products and willing to dedicate resources to test and reformulate products, which bodes well for our growth in these areas," continued Dr. Karasch.
A webcast discussing fourth quarter 2009 results can be accessed for a period of 30 days via the News section of the TOR Minerals' website at www.torminerals.com.
Headquartered in Corpus Christi, Texas, TOR Minerals International is a global manufacturer and marketer of specialty mineral and pigment products for high performance applications with manufacturing and regional offices located in the United States, Netherlands and Malaysia.
The consolidated financial statements to be included in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2009 (the "Form 10-K") have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business, as to which uncertainty exists. As a result of this uncertainty, the Form 10-K will include an explanatory paragraph in the report of its independent registered public accounting firm that there is substantial doubt about the Company's ability to continue as a "going concern." The Company's 2009 financial statements, including the financial statements in the Form 10-K and the financial results reported on this press release, do not include any adjustment that might result from the outcome of this uncertainty.
This uncertainty has resulted from the Company's revolving line of credit (the "Line"), with an outstanding balance of $1,650,000, under their US Credit Agreement with Bank of America (the "Bank") maturing on August 15, 2010. As disclosed in the Company's Current Report on Form 8-K filed on February 16, 2010, the Bank extended the maturity date on the Line from February 15, 2010 to August 15, 2010. The Company is working to establish a corporate lending relationship with a new financial institution for the Company's US operations prior to August 15, 2010, the revised maturity date under the Credit Agreement, to permit the Company to refinance its outstanding debt with the Bank prior to its stated maturity. The Company expects that improvements in recent financial performance may assist the Company to establish a new corporate lending relationship and/ or refinance its current US debt. However, if the Company is unable to refinance the debt due to the Bank prior to its stated maturity or if the Company defaults under the terms of the Credit Agreements prior to its stated maturity and the Bank were to accelerate the maturity of such indebtedness, the Company does not have sufficient liquidity to pay off the indebtedness owed to the Bank, and the Bank would be entitled to exercise all of its rights and remedies as a secured lender under the Credit Agreement.
BOWNE & COMPANY INCORPORATED (NYSE: BNE)
"Up 59.83% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/BNE.php
Bowne provides shareholder and marketing communications services around the world. Dealmakers rely on Bowne to handle critical capital markets communications with speed and accuracy. Compliance professionals turn to Bowne to prepare and file regulatory and shareholder communications online and in print. Investment managers and third party fund administrators count on Bowne's integrated solutions to streamline their document processes and produce high quality communications for their shareholders. Marketers look to Bowne to create and distribute customized, one-to-one communications on demand. With 2,800 employees in 50 offices around the globe, Bowne has met the ever-changing demands of its clients for more than 230 years.
BNE
News:
February 23 - RR Donnelley to Acquire Bowne for $481 Million in Cash
R.R. Donnelley & Sons Company (Nasdaq: RRD) and Bowne & Co. Inc. (NYSE: BNE) jointly announced that they have signed a definitive agreement pursuant to which RR Donnelley will acquire Bowne & Co., Inc., a provider of shareholder and marketing communications services. The all cash deal is valued at approximately $481 million, or $11.50 per share. The agreement has been approved by the Boards of Directors of both companies. The acquisition is expected to be accretive to RR Donnelley's earnings in the first full year after the closing of the transaction, which is expected to occur in the second half of the year. The completion of the transaction is subject to customary closing conditions, including regulatory approval and approval of Bowne shareholders.
The combination with Bowne, which has operations in North America, Latin America, Europe and Asia, will expand and enhance the range of services RR Donnelley offers to its customers, while also creating an opportunity for RR Donnelley to provide its comprehensive line of products to Bowne’s clients.
Bowne, headquartered in New York, had revenues of approximately $675 million during 2009 and offers digital one-to-one printing services for healthcare, transactional communications, financial services, marketing communications and other applications.
"Bowne is an exceptional fit with RR Donnelley," said Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer. "This combination satisfies all of the strategic imperatives that we evaluate as we consider acquisitions. It will expand our depth with additional talented and customer-focused employees, add new and enhanced customer relationships, extend our product and service offering in areas in which our customers have demonstrated firm demand and create the possibility to take advantage of significant synergies.”
“The board and management team believe this combination benefits all of Bowne’s stakeholders. RR Donnelley's broader array of products and services will quickly create expanded opportunities for Bowne’s customers and employees,” stated David J. Shea, Bowne’s Chairman and Chief Executive Officer. “Their innovative use of proprietary digitally driven communications will particularly complement the range of services for which Bowne is known. I look forward to working closely with RR Donnelley's management to ensure a smooth transition."
Important Legal Information
In connection with the proposed Merger, Bowne & Co., Inc. will file with the Securities and Exchange Commission (the “SEC”), and will furnish to its shareholders, a proxy statement. Shareholders are advised to read the proxy statement when it is finalized and distributed, because it will contain important information about the proposed Merger. Shareholders will be able to obtain, free of charge, a copy of the proxy statement (when available) and other relevant documents filed with the SEC from the SEC’s website at www.sec.gov. Shareholders will also be able to obtain a free copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to Bowne & Co., Inc., 55 Water Street, New York, NY 10041, Attention: Corporate Secretary, telephone (212) 658-5805, or from Bowne's website, www.bowne.com.
Bowne and certain of its directors and executive officers may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies from shareholders of Bowne & Co., Inc. in respect of the proposed Merger. Information regarding the interests of such persons in the Merger will be set forth in Bowne's proxy statement. Information regarding such persons and their beneficial ownership of Bowne & Co., Inc. common stock as of April 1, 2009 is also set forth in the Schedule 14A filed by Bowne & Co., Inc. with the SEC on April 15, 2009.
ABOUT RR DONNELLEY
RR Donnelley (Nasdaq: RRD) is a global provider of integrated communications. Founded more than 145 years ago, the company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing products and services to leading clients in virtually every private and public sector.
POSITIVEID CORPORATION (NASDAQ: PSID)
"Up 49.15% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/PSID.php
PositiveID Corporation develops and markets healthcare and information management products through its RFID-based diagnostic devices and identification technologies, and its proprietary disease management tools. PositiveID operates in two main divisions: HealthID and ID Security.
PSID News:
February 24 -
PositiveID Corporation Enters Into Partnership with FIS to Launch Next Generation of its Health Link Personal Health Record
New Health Link Will Be Interoperable with Microsoft HealthVault and Google Health
PositiveID Corporation (Nasdaq: PSID) ("PositiveID" or the “Company”) announced that it has entered into a partnership with FIS™ (NYSE: FIS), one of the world’s largest providers of banking and payments technology, to launch the Company’s next generation Health Link personal health record (“Health Link”). The new Health Link, which is now live, will be interoperable with Microsoft HealthVault and Google Health, as well as numerous electronic medical records systems in use throughout the country.
To launch the next generation of Health Link, PositiveID partnered with FIS and their HealthManager product to build a robust, interoperable personal health record to offer patients the best of breed for storing and accessing their vital data. Health Link connects patients to a multitude of customized material such as personalized health education and online connectivity to caregivers. Through reminders and alerts that can be tailored to suit an individual’s unique circumstances, members are reminded of important actions and receive suggestions to better manage their health. This includes everything from refilling prescriptions on time, appointment reminders, drug interaction warnings, and tips for preventative actions.
Scott R. Silverman, Chairman and CEO of PositiveID, said, “The next generation of our Health Link personal health record will put consumers in charge of their health information, enabling them to manage all of their health data from one centralized, interoperable location. Health Link’s partnership with FIS will give patients the ability to connect to their healthcare providers, pharmacies, caretakers, and even their medical devices.”
ABOUT FIS
FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE® Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol.
BEDERRA CORPORATION (OTC: BEDA)
"Up 27.27% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/BEDA.php
Bederra Corporation, through its wholly owned subsidiaries Diagnos, Inc. and Lumar Imaging, Inc., provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.
BEDA
News:
February 24 -
Bederra Corporation Announces Stock Buyback Agreement
Bederra Corporation (OTC: BEDA), a Houston, Texas-based diversified medical services provider, has announced that the Board of Directors met to confirm a buyback of the Company's issued and outstanding common stock and to approve the financing of the company's buyback program. The Board confirmed that the buyback is in the best interests of increased shareholder value and for the enhanced efficacy of pending and future mergers and acquisitions relative to the company's common stock price per share. The Board also specifically noted that the company's appearance on the Regulation SHO data in recent months as further cause for such a proactive measure from management.
The company will initiate a common share buyback program using a percentage of both future revenues and financing options to purchase up to 50 percent of its outstanding "public float" — the free trading share component of the total shares issued and outstanding. Management noted that financing is being arranged through private investors.
As stated in a previous press release, the company believes that despite marked progress in liquidity, visibility and price per share in recent months, the current share price is still undervalued rendering mergers and acquisitions more difficult. With pending acquisition negotiations ongoing, management stated that its direct action to enhance shareholder value is critical to future growth and so in the best interest of shareholders and the company.
NEWPORT DIGITAL TECHNOLOGIES INCORPORATED (OTCBB: NPDT)
"Up 17.65% in morning trading"
Detailed
Quote: www.otcpicks.com/quotes/NPDT.php
Newport Digital Technologies, Inc. is a technology solutions driven company organized to focus on serving five of the fastest-emerging businesses in the technology space — RFID (radio-frequency identification), WiMax, eLearning, Digital Signage & LED Lighting and Security & Surveillance solutions. NPDT develops and delivers these technology solutions through strategic collaborations with global partners, including Taiwan Industry and Taiwan's premier technology R&D incubators: The Institute for Information Industry (III) and the Industrial Technology Research Institute. NPDT will customize these technology solutions and market them through Fortune 1000 channel partners and systems integrators on a worldwide basis.
NPDT
News:
February 11 - Newport Digital Technologies, Inc. Announces the Appointment of Leonard Makowka M.D. Ph.D. to the Advisory Board
Newport Digital Technologies, Inc. (OTCBB: NPDT) announced that Leonard Makowka M.D. Ph.D. has joined the NPDT Advisory Board. Dr. Makowka will direct NPDT in the integration and sales of wireless and paperless hospital solutions in North America. These solutions have been successfully developed and implemented in Taiwan through NPDT's technology partners The Institute for Information Industry (III) and Industrial Technology Research Institute (ITRI). These hospital solutions leverage NPDT's existing RFID and Wimax technologies.
The various products and technologies were developed by the Taiwanese Government to assist in standardizing reporting solutions in Hospitals and Medical Clinics throughout Taiwan.
Dr. Makowka will supervise the company's efforts to develop and implement Beta test sites at select major US Hospitals and academic institutions, to be named. It is envisioned that the successful integration of these advanced digital technologies will lead to lower administrative and patient costs, streamline healthcare operations and ultimately improve patient care. These programs are scalable nationally and will lead to seamless, secure and robust networks which directly focus on and address the Nation's changing health care system.
The company looks forward to working with State and Federal health agencies, public, private and academic healthcare systems, and other healthcare networks (i.e. physician groups, nursing homes, and ancillary medical services).
Dr. Makowka received his M.D. degree from the University of Toronto Medical School in 1977 and Ph.D. from the University of Toronto's Department of Pathology in 1982. He has published over 400 articles and chapters in both clinical and basic scientific research and has lectured worldwide. Dr. Makowka was the Chairman of the Department of Surgery and the Director of Transplantation Services at Cedars-Sinai Medical Center in Los Angeles, Ca and Professor of Surgery at the UCLA School of Medicine, from 1989 to 1995.
Dr. Makowka retired from the practice of medicine to pursue entrepreneurial interests. He has been involved in numerous capacities (including founder, board member, officer and consultant) in numerous healthcare, life science and technology companies, both private and public.
"We are pleased to have Dr. Makowka come aboard and assist us with these timely medical products and solutions, especially with the National emphasis on change and improvement in the healthcare system. Digital and wireless solutions for the healthcare system are at the forefront of the current advancement and revolution in healthcare in this country and most parts of the world. Leonard's deep relationships with the healthcare networks, academic institutions and physicians, and his familiarity with regulatory agencies at all government levels will assist NPDT in implementing and distributing its products and solutions in a timely manner. Leonard's entrepreneurial and business experience since retiring from medical practice 15 years ago, will allow us to use his skills and network as we build and roll out our non-healthcare products and solutions, and grow our entire company," said Michael Lutton, NPDT CEO.
MEDICAL CARE TECHNOLOGIES INCORPORATED (OTCBB: MDCE)
"Up 8.33% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/MDCE.php
Medical Care Technologies Inc. is traded under the symbol "MDCE" on the OTCBB and is based in London, England. The Company is in the process of moving its portfolio of oil resources into medical care technologies. The products/services that the company hopes to acquire are intended and will constitute a healthcare delivery and wellness site; dedicated to helping Asian consumers live healthier, more balanced lives. MDCE is planning to provide advanced connectivity, internationally standardized and secure business, technology and information systems to assist the Asian health industry — physicians, pharmacists, medical institutions, consumers — access medical resources, health services, education, wellness and pharmaceutical products throughout Asia. MDCE is planning to distribute and provide services at a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Nutraceuticals.
MDCE
News:
February 9 - Medical Care Technologies, Inc. Rolls Out Teledermatology Application
Medical Care Technologies Inc. (OTCBB: MDCE) announced that as part of the wellness focus of Medical Care Technologies, the company is rolling out a Teledermatology application. Teledermatology is described as the practice of dermatology using available communication and information technology. Teledermatology is an important area of telemedicine activity that focuses primarily on the diagnosis and treatment of dermatologic conditions.
Medical Care Technologies Teledermatology incorporates both Store and Forward Teledermatology as well as live video teleconference Teledermatology. Live Video conferencing Teledermatology uses video and audio transmission for interactive consultation. Store and Forward Teledermatology incorporates clinical images and clinical information saved on MCT's Telehealth Suite and Medsuite. In fact, the unique aspect of mobile Teledermatology is that this system might become a filtering or triage system allowing a more sensible approach for the management of patients with emergent skin diseases. In addition, mobile Teledermatology may also become a powerful screening tool for malignant cutaneous tumors.
The world dermatological market generated total sales revenues of over $18bn in 2007. VISIONGAIN predicts "that this market area will increase significantly, based on expansion of the market for modern drugs to treat skin disorders in developing and populated areas, most notably in countries like China and India."
Ning Wu, President of Medical Care Technologies, states, "China is on a path of rapid development. We believe that Chinese dermatology will continue its own parallel rapid progression and that Teledermatology consultation is well suited to our current applications, as well as being a much needed service in China."
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