QMCI, MPTO, ADVE, BLKL,
IGNT, CVRG, CADD, HAYZ, BCND, OSCI
Our Stocks to Watch today include QuoteMedia Inc. (OTCBB: QMCI), MP2 Technologies Inc. (OTC: MPTO), Adventure Energy Inc. (OTCBB: ADVE), Blink Logic Inc. (OTCBB: BLKL), Ingen Technologies Inc. (OTC: IGNT), Converge Global Inc. (OTC: CVRG), Caddo International Inc. (OTC: CADD), Hayes Lemmerz International Inc. (Nasdaq: HAYZ), Beacon Redevelopment Industrial Corp. (OTC: BCND) and Oscient Pharmaceuticals Corp. (Nasdaq: OSCI).
QUOTEMEDIA INCORPORATED (OTCBB: QMCI)
Inc. is a leading software developer
and provider of real-time streaming financial market
information, decision-support, news and research solutions
to brokerage, financial services companies, business
and media corporations. Among its many leading-edge
products lines, the Company offers data feeds, news,
dynamic market content solutions, interactive stock
research tools, financial applications and real-time
wireless applications. QuoteMedia provides data and
services for companies such as the NASDAQ, the OTCBB,
Dow Jones & Company, Forbes.com, Scotia Capital,
Business Wire, Southwest Securities, Regal Securities,
FBR Direct, Broadridge Financial Solutions, Inc.,
AIM Trimark, Zacks Investment Research, ChoiceTrade,
QTrade, Schaeffer's Investment Research, Automated
Financial Systems, WallStreet*E, and others. For more
information, visit www.quotemedia.com.
May 15 - QuoteMedia Reports 13% Increase in Revenue for Q1 2009
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three months ended March 31, 2009. These results reflect a 13% increase in first quarter revenues, to $1,910,824 from $1,687,675 in the comparative period in 2008.
“As expected, global economic challenges, including a severe downturn in the financial services sector, had an impact on QuoteMedia's revenue growth during the first quarter of 2009, as a small portion of our clients who are struggling or ceasing operations have had to reduce or discontinue our services,” says Keith Guelpa, President of QuoteMedia, Inc. “These same economic challenges have also been a significant source of growth opportunities for QuoteMedia, however, as many companies are contacting us, seeking more efficient and cost effective solutions to their data and technology needs. In particular, Quotestream Professional, our streaming real-time market data terminal for brokers and financial professionals, has garnered increasing interest and broader market penetration during the quarter, notwithstanding the contractions in the economy. Likewise, the company has been fielding inquiries from several quarters about large scale enterprise deployments encompassing solutions ranging across several product lines, where the potential clients are looking to streamline data and content management, as well as costs, by consolidating their data provisioning requirements through a single provider.
“Consistent with our focus on expansion, we experienced a loss for the quarter of $200,306 compared to a loss of $354,919 in the comparative period. This represents a 44% improvement in operating results. In view of the current economic conditions, we are satisfied with our progress to date, and we believe that we are on target to meet our long term objectives.
“We intend to remain focused intently on our revenue growing strategies, with a particular emphasis on taking advantage of the opportunities presented by the economic conditions facing our industry,” says Guelpa. “Our plan of operation for the remainder of 2009 will continue to center on marketing Quotestream and Quotestream Wireless for enterprise deployment by financial services firms, and on moving even further into the investment professional market with Quotestream Professional. We will also look to continue the market penetration of our Data Feed Services and Interactive Content and Data Applications.”
MP2 TECHNOLOGIES INCORPORATED (OTC: MPTO)
"Up 30.43% in morning trading"
MP2 Technologies, Inc. serves as a holding company for technology and service related businesses that can share common management resources and access to marketing channels. New acquisitions will be announced over time as opportunities that fit the company's acquisition profile become available. Acquired companies will benefit from MP2's public company expertise, executive management, and sales and marketing contacts throughout the world. More information on the company can be found at www.mp2technologies.com.
May 14 - MP2 Technologies' Subsidiary, Weatherly Aircraft, Receives Strong Response for Parts Orders
MP2 Technologies, Inc. (OTC: MPTO) (MP2) announced that its wholly owned subsidiary, Weatherly Aircraft Nevada, Inc. (Weatherly), which initiated its parts and services business at the beginning of May 2009, has had a stronger than expected response from the existing customer base of Weatherly aircraft owners. Weatherly stated that their newly established customer service group has generated a parts order backlog of over $100,000 in just two weeks. The program is designed to establish relationships with existing Weatherly aircraft owners and build a communications channel to service their current needs as well as receive feedback about future requirements. Weatherly further stated that this campaign has also produced several inquires for new aircraft that it believes will turn into firm orders in the near future and that the program is confirming its previous projections related to pricing and pent up demand for new aircraft.
Richard Corline, CEO of Weatherly, stated, "We are pleased that our business planning assumptions are being proved out and in several cases exceeded. We have just begun to scratch the surface of the existing market for our parts and planes and feel that as we continue this campaign, we will have a solid production backlog for the years ahead."
In an unrelated announcement regarding funding for the company, Weatherly stated that several new investments had been made in the Company in the last week through its current Offering and that prospects were very good for additional debt and equity funding over the next quarter.
ABOUT WEATHERLY AIRCRAFT NEVADA, INC.
Weatherly Aircraft Nevada, Inc. designs, manufactures and sells cost efficient, safe and reliable aerial application aircraft for agricultural, chemical and fire fighting applications. The Weatherly aircraft are based on an FAA issued "Type Certificate" for which the Company has the licensing rights. The current fleet size of Weatherly aircraft in service on a world wide basis is in excess of 200 units. The Company intends to open its new US customer support center by March, 2009 and supply spare parts and technical support to existing customers. It is anticipated that newly built aircraft will be ready for delivery to customers in December of 2009.
ADVENTURE ENERGY INCORPORATED (OTC: ADVE)
Adventure Energy, Inc., is an independent energy company principally engaged in the acquisition, exploration and development of mature long-lived oil and natural gas properties. The company's current operations are concentrated in the Appalachian Basin within the states of Kentucky and West Virginia.
May 13 -
Adventure Energy, Inc. Acquires Additional Leaseholds in Kentucky
Adventure Energy, Inc. (OTCBB: ADVE), an energy exploration company with operations in the Appalachian Basin, announced today that the Company has acquired two additional oil and gas leases, totaling 373 acres, in Kentucky.
The Company will maintain a 100% working interest, 87.5% net revenue interest in each of the 33 acre and 340 acre tracts located in Greene county and Monroe county respectively. The acquired leaseholds are in close proximity to the Company's current drilling programs. With conservative spacing estimates, the Company projects that it will be able to drill up to 20 wells on the newly acquired leaseholds.
“We are pleased to announce the expansion of our oil and gas acreage position in Kentucky,” said Wayne Anderson, President of Adventure Energy, Inc. “Our position in this highly productive resource play is well situated among both productive and highly prospective acreage. If anticipated down-spacing occurs, our exposure grows significantly. We expect to begin developing this acreage in the next 90 days, and are excited to add this leasehold to our portfolio of producing properties.”
BLINK LOGIC INCORPORATED (OTCBB: BLKL)
"Up 29.00% in morning trading"
Blink Logic Inc. partners with ISVs to deliver SaaS Business Intelligence (BI) solutions to business executives in companies of all sizes. With the Blink Logic platform, ISVs can enhance their customer offerings to include powerful, yet easy-to-understand, reporting and analytics. Executives can leverage a full range of BI capabilities and actionable information to enable them to make better, faster, more informed decisions, in order to continuously increase revenue, customer satisfaction and profitability. Blink Logic is provided as a secure internet-based solution. By sharing the software, hardware, maintenance and support costs across tens of thousands of customers, Blink Logic delivers tremendous capability to its partners and their customers at a low monthly subscription price.
May 12 -
eSupply Systems Partners with Blink Logic™ to Help Property Managers Control the Cost of MRO Supplies
Partnership helps eSupply’s customers achieve significant costs savings by providing detailed insights into budgeting and spending
Blink Logic Inc. (OTCBB: BLKL), the innovation leader in Software as a Service (SaaS) Business Intelligence (BI), announced that eSupply Systems LLC, a leading web-based Maintenance, Repair & Operations (MRO) supply solution for the property management industry, will be incorporating the Blink Logic™ solution into their web-based platform.
eSupply Systems assists large, multi-family property managers by reducing MRO costs. eSupply Systems is able to achieve savings by providing visibility, a pre-controlled product offering, and accountability to each individual property. eSupply Systems plans to deploy Blink Logic to everyone involved in the property management process, from executives to onsite property managers. Blink Logic will enable employees to keep tabs on spending, and will help the property owners and companies to standardize and monitor the purchasing process.
“We believe transparency is the solution," said Keu Zafar, President of eSupply Systems. "Property managers have never effectively been held accountable for supply costs. With the integration of Blink Logic’s BI solution, everyone in an organization will be able to see MRO costs, right down to the individual apartment unit.”
"eSupply Systems visualizes a world in which everybody involved can see – and control – everything relevant to property management," said David Morris, CEO of Blink Logic, Inc. "We share their belief in the importance of transparency. By using Blink Logic they are fundamentally shifting the balance of power in MRO from vendor to customer.”
Why Blink Logic
"We looked at four vendors in depth, and Blink Logic offered the best flexibility, scalability and ease of use." Zafar explained. "Our due diligence gave us confidence that Blink Logic can scale along with our ambitious plans. We also found Blink Logic's user experience and easy customer implementation to be vital benefits, since our new offering only gets traction if it is widely used throughout an organization."
ABOUT ESUPPLY SYSTEMS LLC
eSupply Systems is a web-based, eCommerce platform that manages the supply chain for the residential and commercial property management industry. eSupply minimizes inefficiencies that affect a client’s business by decreasing administrative costs, increasing budget compliance and allowing users to focus on revenue-generating and service-related activities, as well as, controlling expenses, saving time and reducing errors. eSupply provides:
- Streamlined, pre-approved product offering
- Pre-approved monthly budget and per category spend
- Unit allocation of purchased products
- Sophisticated reporting that catalogs expense by SKU, property and/or region
eSupply Systems offers 80,000+ warehouse items with a 96% fill rate and has partnered with the best in the industry to ensure that their clients have the right products, the best prices and reliable delivery. Some of their partners include Induserve, IndusCo, Whirlpool, Sherwin Williams and Grainger.
INGEN TECHNOLOGIES INCORPORATED (OTC: IGNT)
"Up 123.03% in morning trading"
Ingen Technologies, Inc. is the leading world manufacturer of gravity-independent in-line oxygen flow meter products and services related to pulmonary and respiratory therapeutic hospital and home oxygen therapy. The company has adopted quality improvement (QI) initiatives throughout all areas of operations. Ingen Technologies is registered with the Food & Drug Administration, and licensed in good standing with the Department of Health Services. Headquartered in Yucaipa, California, the company distributes its respiratory products in North America, Asia and European Communities, and its operations provide sales, logistics, billing and collections. Supported by corporate functions such as Finance, Information Services, Human Resources, Legal and Contract Services, Ingen Technologies division and regional business units are able to respond quickly to customer and patient needs.
May 15 -
Ingen Files Quarterly Financials and Moves Forward With Great Promise
Ingen Technologies, Inc. (OTC: IGNT), a leading Global Medical Device manufacturer focused in the $ 4 Billion U.S. Respiratory Market for the growing aging and emerging markets for Home (DME), Hospital and Aviation Industries, announced that it complied with the reporting obligations of FINRA and the PINK OTC Markets.
The company was recently notified by PINK OTC Markets that after a review of the information posted to pinksheets.com, they have determined that the company has met the requirements for the Current Information tier for the period ending 02/28/2009.
Ingen Technologies has seen a slight increase in their Oxyview sales and distribution interest during the past two quarters, including several major events occurring with various OEM partnership negotiations that will be announced in the near future. “We are discussing OEM partnerships with two large global distributors that have a strong foot-hold in the pharmaceutical and respiratory home medical equipment arena,” stated Thomas Neavitt, Chief Financial Officer of Ingen.
The company has recently received issuance from China for the Oxyview patent and intellectual property rights in that country. With patents pending in the entire European Community and Japan, the company foresees no problems preventing their issuance as scheduled later this year.
Oxyview is a proprietary medical device with US issued patents that stands alone in an increasing patient home oxygen therapy market while there are 23 million patients diagnosed with chronic obstructive pulmonary disease (COPD) in the United States, according to the World Health Organization, and another 12 million patients that are undiagnosed in the US. COPD is the fifth leading cause of death in the US and there are 600 million COPD patients worldwide where in most cases, COPD is either the first or second leading cause of death in other countries. The majority of COPD patients require continued home oxygen therapy, which includes all of the required equipment supplied by the home (DME) provider. With the new regulations for oxygen reimbursement in the US, the home (DME) providers need to cut costs to stay in business. Oxyview provides a substantial savings as a result of decreasing the number of service calls for the home (DME) provider. Oxyview is a pneumatic metering device that displays oxygen flow near the patient. The Oxyview flow meter easily and quickly installs on to the oxygen tubing nearest the patient where oxygen flow matters the most. Without the Oxyview, patients cannot confirm oxygen flow, and as a result there is an increase in anxiety and the patient calls the home (DME) provider with concerns. Oxyview also allows the home (DME) provider to trouble-shoot other equipment problems over the telephone which eliminates an on-site visit with the patient. More important, the Oxyview provides the patient with more assurance that they are receiving adequate and prescribed oxygen flow. The Oxyview costs less than a single service call.
CONVERGE GLOBAL INCORPORATED (OTC: CVRG)
"Up 44.40% in morning trading"
Converge Global Inc. is a junior mining company whose business strategy is to acquire existing gold mines as well as to explore new gold properties across the globe with a current focus on Northern Canada and South America.
May 13 - Converge Global Inc. Completes Acquisition of Benson Lake Gold Property
Converge Global Inc. (OTC: CVRG) announced it has completed a major acquisition of the Benson Lake Gold property.
The Benson Lake Gold property is situated at Skead Township 12 miles South-East of Kirkland Lake, Ontario, Canada. The Kirkland Lake mining area remains the number one mining area in Ontario. The property consists of one hundred contiguous claim units. A seven-hole diamond drill program was completed by Ryan Lake Metals Ltd. on the Skead Township property during 1994. The highest drill hole at the site yielded high grade gold assays as high as 1.69 oz/ton/1.5 ft.
President & CEO, Bryan Gonzales, commented, “It is our belief that the Benson Lake property has significant potential, it also adds value to our growing portfolio. We were highly motivated to complete the acquisition after doing our comprehensive due diligence and reviewing prior drilling results.”
The company plans to update our loyal shareholders with additional information on the Benson Lake property in the near future.
CADDO INTERNATIONAL INCORPORATED (OTC: CADD)
"Up 41.30% in morning trading"
Caddo International, Inc. is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. Caddo has approximately 15 employees. Formerly named Petrol Industries, the Company has successfully been in business for over 40 years. Currently the Company is focusing on providing contracting services in Caddo, Desoto, Bossier, and Claiborne Parishes, as well as certain areas in East Texas. Caddo intends to continue to expand its customer base while continuing to increase the depth and scope of the services it provides.
May 14 -
Caddo International, Inc. Announces Takeover of 180 Oil and Gas Wells and Releases Spinoff Royalties
Caddo International, Inc. (OTC: CADD) announced today an acquisition of up to 180 Oil and Gas Wells depending on lease validity. Management is optimistic that all due diligence and documents for the acquisition should be completed by June. During the first year following the consummation of the acquisition, Caddo International will implement drilling and rework programs to increase production in the 180 Oil & Gas Wells significantly in order to rapidly grow the company.
Caddo's new spin off subsidiary, Petrolind Drilling Company, announced today that Rig No. 1 has already drilled 10 wells in Louisiana during the last 18 months. Petrolind Drilling Company has aggressively increased market share by charging a fraction less than its competitors and will receive a 3% royalty on each well they drill. The company has commitments to drill several more over the next couple months.
All shareholders of CADD.PK on the record date of June 1, 2009 will receive 1 share of Petrolind Drilling Company for every 20 shares they own of CADD.PK. In addition to the spinoff, Caddo will be offering a warrant. The warrant will be for 100 shares at 50 cents.
We also look to announce another spinoff company which is being developed in the Green Housing Market. More information on this company will be announced very soon.
HAYES LEMMERZ INTERNATIONAL INCORPORATED (NASDAQ: HAYZ)
"Up 46.44% in morning trading"
Hayes Lemmerz International, Inc. is a world leading global supplier of automotive and commercial highway wheels. The Company has 23 facilities and approximately 7,000 employees worldwide.
May 14 -
Hayes Lemmerz International, Inc. Receives Court Approval of First Day Motions
Hayes Lemmerz International, Inc. (Nasdaq: HAYZ) ("Hayes" or the "Company") announced today that it has received Court approval of up to $100 million of debtor-in-possession ("DIP") financing, permitting it immediate access to up to $30 million to continue operations in the ordinary course of business. The DIP financing is being provided by lenders holding a majority of the Company's prepetition secured debt. Nearly all of the lenders holding the Company's prepetition secured debt executed consents approving the DIP loan. A final hearing on the DIP financing has been set for June 10, 2009.
The Company also received approval of several first day motions designed to ensure daily operations will continue normally during the restructuring. The "first-day" relief approved by the Honorable Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware also provides the Company with permission to pay certain prepetition and postpetition employee wages and benefits during its restructuring, to honor certain prepetition obligations to customers and to continue use of its cash management systems. The Company also received approval to pay certain prepetition amounts owed to essential suppliers and freight carriers.
"The court's approval of our DIP financing will provide us with sufficient liquidity to fund operating expenses and meet obligations during the restructuring, assuring that we are able to conduct business as usual," said Chief Executive Officer Curtis J. Clawson. "As we use the Chapter 11 process to strengthen our balance sheet, our operations around the globe remain focused on being a premier automotive supplier by satisfying customers, being a low-cost producer and having the best people."
As announced on May 11, 2009, the Company, certain of its U.S. subsidiaries and one (non-operating) international subsidiary filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware. More information on the Company's restructuring is available on the "Restructuring Information" page on the Company's website (www.hayes-lemmerz.com), or through the Company's Restructuring Information Hotline, 888.753.5296 (for calls in the USA) or +1.734.737.5086 (for calls outside the USA).
BEACON REDEVELOPMENT INDUSTRIAL (OTC: BCND)
"Up 100.00% in morning trading"
Beacon Redevelopment Industrial Corporation specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices, the properties must offer recyclable/salvageable materials, energy resources or mineral rights along with the potential for redevelopment and or desirable development potential; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition.
May 14 -
Beacon Redevelopment Industrial Corporation Receives Buyout Offer
Beacon Redevelopment Industrial Corporation (OTC: BCND) announced that it has received an offer to buy out the controlling interest in the company.
The offer is subject to the buyer's terms and requirements including full review of its properties and contracts.
It is also understood that all executives will resign and be replaced with the buyer's team upon closing of the transaction. The company will continue to update its shareholders as this proposed transaction develops.
OSCIENT PHARMACEUTICALS CORPORATION (NASDAQ: OSCI)
"Up 23.81% in morning trading"
Oscient Pharmaceuticals Corporation is a commercial-stage pharmaceutical company marketing two FDA-approved products in the United States: ANTARA® (fenofibrate) capsules, a cardiovascular product and FACTIVE® (gemifloxacin mesylate) tablets, a fluoroquinolone antibiotic. ANTARA is indicated for the adjunct treatment of hypercholesterolemia (high blood cholesterol) and hypertriglyceridemia (high triglycerides) in combination with diet. FACTIVE is approved for the treatment of acute bacterial exacerbations of chronic bronchitis and community-acquired pneumonia of mild to moderate severity. Oscient promotes ANTARA and FACTIVE through a national sales force calling on primary care physicians, cardiologists, endocrinologists and pulmonologists.
March 24 -
NASDAQ Extends Temporary Suspension of Bid Price and Market Value of Publicly Held Shares Requirements; Oscient Compliance Period Extended to October 6, 2009
Oscient Pharmaceuticals Corporation (Nasdaq: OSCI) has received notification from NASDAQ OMX (“NASDAQ”) that, given the current extraordinary market conditions, NASDAQ has further extended the temporary suspension of the rules requiring a minimum market value of publicly held shares (“MVPHS”) and a minimum $1 closing bid price by 90 days.
As a result of the suspension, all companies presently in the compliance process will remain at that same stage of the process; however, companies can regain compliance during the suspension period. NASDAQ will not take any action to delist any security for these concerns during the suspension period; these rules will now be reinstated on Monday, July 20, 2009.
On October 3, 2008, Oscient announced that pursuant to Marketplace Rule 4310(c)(8)(B), the Company had 90 calendar days to regain compliance with the MVPHS requirement. Based on this extension and the previously announced suspensions of rules enforcement on October 23, 2008 and December 23, 2008, Oscient estimates it will have until October 6, 2009 to regain compliance by evidencing a minimum $15 million MVPHS for 10 consecutive business days. If the Company does not regain compliance with the MVPHS requirement by October 6, 2009, the Company will receive written notification of delisting from NASDAQ and at that time will be entitled to request a hearing before a NASDAQ Listing Qualifications Panel to present its plan to regain compliance with the MVPHS requirement.
The NASDAQ notice has no effect on the listing of the Company’s common stock on The NASDAQ Global Market at this time.