MTSL, OPHC, APDN, HOMS, CAMH, WNBD
Our Stocks to Watch today include U.S. Corp. (OTC: HAIR), Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL), OptimumBank Holdings Inc. (Nasdaq: OPHC), Applied DNA Sciences Inc. (OTCBB: APDN), Homeland Security Capital Corp. (OTCBB: HOMS), Cambridge Heart Inc. (OTCBB: CAMH) and Winning Brands Corp. (OTC: WNBD).
BIOSTEM U.S. CORPORATION (OTC: HAIR)
Detailed Quote: http://www.otcpicks.com/quotes/HAIR.php
Company Profile: http://www.biostem.us
Biostem U.S., Corporation (HAIR) is a fully reporting Nevada corporation with offices in Clearwater, Florida. Biostem U.S. is a technology licensing company with proprietary technology centered on providing hair re-growth using human stem cells. The company also intends to train and license selected physicians to provide Regenerative Cellular Therapy treatments to assist the body's natural approach to healing tendons, ligaments, joints and muscle injuries by using the patient's own stem cells. Biostem U.S. is seeking to expand its operations worldwide through licensing of its proprietary technology and acquisition of existing stem cell related facilities. The company's goal is to operate in the international biotech market, focusing on the rapidly growing regenerative medicine field, using ethically sourced adult stem cells to improve the quality and longevity of life for all mankind.
August 13 - Biostem Medical Director, Dr. Marina Pizarro Performs First Biostem Method™ of Hair Re-Growth Procedures at Orlando Training Facility Located at the Pizarro Hair Restoration Clinic
Pizarro Hair Restoration Clinic Now Ready to Train Biostem Affiliates From Around the United States
Biostem U.S., Corporation (OTC: HAIR) ("Biostem" or "the Company") is a fully reporting public company in the stem cell regenerative medicine sciences sector. President, John Satino announced today that the Pizarro Hair Restoration Clinic in Orlando, Florida is now equipped and ready to begin offering The Biostem Method™ of hair re-growth using the patient's own adult cells in a minimally invasive, painless procedure. In addition, Biostem Medical Director and Trainer, Dr. Marina Pizarro is ready to offer onsite training to new Biostem affiliates.
According to Satino, "This week, Dr. Pizarro treated her first two patients using The Biostem Method™ of hair re-growth in her Orlando office. This paves the way for Biostem to start offering affiliate agreements throughout the country in response to the many inquiries from physicians who want to offer this transplant alternative to their patients. We are making plans to open affiliate offices in major cities soon, after which we will expand the services to rural and international locations focusing first on Europe and Asia."
As a side note, Satino stated that, "While the industry typically sees more males requesting hair transplant for hair re-growth solutions, it is interesting that the first two treatments Dr. Pizarro performed were on women. Statistics do show that women suffer hair loss in significant numbers, yet are less likely to go through the transplant procedure. The Biostem Method™ finally offers women as well as men, a viable and proven alternative."
MER TELEMANAGEMENT SOLUTIONS LIMITED (NASDAQ: MTSL)
"Up 66.12% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MTSL.php
Mer Telemanagement Solutions Ltd. (MTS) is a worldwide provider of innovative products and services for comprehensive telecom expense management (TEM) and enterprise mobility management (EMM) solutions, telecom billing solutions used by telecommunication service providers and mobile virtual network operators and enablers (MVNO/MVNE) solutions used by mobile service providers.
August 16 - MTS Announces Second Quarter 2012 Financial Results
Year over Year Quarterly Revenues Increased 10% and Operating Income Increased 170%; Earnings per Share for the Six Month Period Increased 110% to $0.17; Generated $1 Million of Free Cash Flow during the First Six Months of 2012
Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management, telecommunications expense management (TEM) solutions and customer care & billing (CC&B) solutions, today announced its financial results for the second quarter of 2012.
Revenues for the second quarter of 2012 were $3.3 million, compared with $3.0 million in revenues during the same quarter last year and revenues of $3.0 million in the first quarter of 2012. The Company's operating profit was $517,000 in the second quarter of 2012 compared to an operating profit of $191,000 for the second quarter of 2011 and $280,000 in the first quarter of 2012. Net income for the second quarter was $460,000 or $0.10 per diluted share, compared with net income of $229,000 or $0.05 per diluted share in the second quarter of 2011 and $310,000 or $0.07 per diluted share in the first quarter of 2012. Revenues for the six month period ended June 30, 2012 were $6.3 million, compared with $5.8 million for the comparable period in 2011. Net income for the six months ended June 30, 2012 was $770,000 or $0.17 per diluted share, compared with net income of $362,000 or $0.08 per diluted share in the comparable period in 2011.
As of June 30, 2012, we had cash and marketable securities of $4.3 million as compared to $3.4 million as at December 31, 2011. During the six month period ended June 30, 2012 we had positive operating cash flow of $1.0 million, as compared to positive operating cash flow of $535,000 during the six month period ended June 30, 2011.
"Our second quarter results represent continued improvements in our financial results and indicators as a result of our efforts to develop our Telecom Expense Management opportunities through partners, new customer acquisitions and expanding our existing customer base," said Eytan Bar, CEO of MTS.
"In addition, our company's Billing and Mobile Virtual Network Operator (MVNO) activity as a managed service has grown and we were able to sign an additional managed service agreement with a new MVNO in the U.S. and we see other opportunities in this market. We are looking forward to improving both our top and bottom line performance," concluded Mr. Bar.
OPTIMUMBANK HOLDINGS INCORPORATED (NASDAQ: OPHC)
"Up 34.29% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/OPHC.php
OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides community banking products and services to individuals and corporate customers in Broward, Miami-Dade, and Palm Beach counties, Florida. Its deposit products include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, NOW accounts, and time deposits, as well as direct deposits. The company also provides residential and commercial real estate loans, and consumer loans to individuals and small businesses, and other organizations. In addition, it offers credit cards, cash management, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail services. Further, the company provides Internet banking services. It conducts operations from its Fort Lauderdale headquarters and three branch offices in Fort Lauderdale, Plantation, and Deerfield Beach. The company was founded in 2000 and is headquartered in Fort Lauderdale, Florida.
July 30 - OptimumBank Holdings, Inc. Announces Second Quarter 2012 Results
OptimumBank Holdings, Inc. (Nasdaq: OPHC) announced a net loss for the second quarter ended June 30, 2012 of approximately $(0.8) million, or $(.03) per basic share, as compared to a net loss for the same period last year of approximately $(2.0) million, or $(2.40) per basic share. The 2012 second quarter loss increased from the previous quarter's loss of $(0.6) million primarily due to a $154,000 provision for loan losses recorded in the June 2012 quarter as compared to a $27,000 provision recorded in the March 2012 quarter. Chairman Moishe Gubin said, "We are still experiencing some weakness in real estate valuations, but overall we believe the real estate market in Florida has stabilized and local values are rising."
The net loss for the six months ended June 30, 2012 was approximately $(1.4) million, or $(.05) per basic share, as compared to a net loss for the same period last year of approximately $(3.1) million, or $(3.82) per basic share. The $1.7 million reduction in losses for the comparative six month periods was primarily due to a significant reduction in the provision for loan losses in 2012 as compared to 2011. The year to date provision for loan loss was $181,000 during the six months ended June 2012 compared to an $894,000 provision for the same period in 2011. Chairman Gubin said, "Operating losses appear to be stabilizing as we continue to focus our efforts on cost containment and income generation."
The Company improved its credit quality during the June 2012 quarter with non-performing assets declining during the quarter by approximately 12% or $4.2 million to a total of $30.8 million. Chairman Gubin commented, "Returning to profitability depends on reducing non-performing assets and originating new loans. We are focused on both strategies with our emphasis on lending to small and medium sized businesses." Lending volumes rose during the June 2012 quarter with $4.4 million in loan originations.
The Company's capital ratios exceeded its regulatory capital requirements at June 30, 2012, with a tier one leverage capital ratio of 8.63% and a total risk-based capital ratio of was 13.18%. The Company expects to raise additional capital during the September 2012 quarter with an additional $2.7 million investment from Chairman Gubin, subject to regulatory approval, and approximately $2.0 million from other investors. Chairman Gubin said, "I believe the Company has a great future and I am here to support it."
The Company recently upgraded its internet business banking systems and offers a wide array of lending and retail banking products to individuals and businesses in Broward, Miami-Dade and Palm Beach Counties through its executive offices and three branch offices in Broward County, Florida.
APPLIED DNA SCIENCES INCORPORATED (OTCBB: APDN)
"Up 28.32% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/APDN.php
APDN sells patented DNA security solutions to protect products, brands and intellectual property from counterfeiting and diversion. SigNature DNA is a botanical mark used to authenticate products in a unique manner that essentially cannot be copied. APDN also provides BioMaterial GenoTyping™ by detecting genomic DNA in natural materials to authenticate finished products. Both technologies protect brands and products in a wide range of industries and provide a forensic chain of evidence that can be used to prosecute perpetrators.
August 16 - Defense Logistics Agency Mandates SigNature® DNA on Microchips
Applied DNA Sciences Supplies Department of Defense in Battle Against Counterfeits
Applied DNA Sciences, Inc. (OTCBB: APDN), a provider of DNA-based anti-counterfeiting and security solutions has been named by DoD Defense Logistics Agency (DLA), as the provider of authentication services for microcircuits supplied by defense contractors. On August 3, 2012, DLA posted notice on its DLA Internet Bid Board System (DIBBS) that it will require the use of SigNature® DNA marking on microcircuits.
"DLA is implementing new requirements for deoxyribonucleic acid (DNA) authentication marking on items falling within Federal Supply Class (FSC) 5962, Electronic Microcircuits, which have been determined to be at high risk for counterfeiting. A new clause at Defense Logistics Acquisition Directive (DLAD) 52.211-9074, Deoxyribonucleic Acid (DNA) Marking on High Risk Items, will be included in new solicitations and contracts for FSC 5962 items when the item description states that the item requires DNA marking. The clause requires contractors to provide items that have been marked with botanically-generated DNA produced by Applied DNA Sciences or its authorized licensees, if any."
The number of companies directly affected by the DLA directive is in the hundreds, and includes many of the largest microcircuit manufacturers in the world. APDN reported immediate inquiries from numerous impacted companies.
SigNature DNA uses uncopyable plant-based DNA to mark items, which can then be authenticated throughout the supply chain to assure originality. In effect, the DNA marks provide a traveling, high-tech proof of authenticity.
Applied DNA Sciences' SigNature DNA marking and authentication have been tested at full commercial scale in an eighteen-month project supported by DLA and managed by the not-for-profit consultancy LMI, with uniformly successful results. As part of the project, DLA tasked an independent laboratory to defeat the technology. SigNature DNA was not defeated.
"Finding counterfeits in supply chains is a daunting challenge. DLA is taking a leadership role by mandating a positive way to assure authenticity using SigNature DNA. Warfighter support is DLA's top priority." Janice Meraglia, Vice President of Government and Military Programs at APDN praised the Agency's efforts to eliminate counterfeit microelectronics from military supply chains.
APDN will sell SigNature DNA marks to chip manufacturers, while for distributors the company will sell a source-verification marking program, to establish traceability from the moment of marking. The company also plans to provide DNA marking services directly to those manufacturers who want immediate implementation before establishing marking capability at their own facilities. Once SigNature DNA-marked, the microchips may be authenticated as originals at any stage along the military supply chain, if a participating company has purchased an authentication program from APDN.
Defense contractors are urged to contact Applied DNA Sciences immediately to begin their own SigNature DNA marking program. A dedicated email address
is available to support this effort. By phone, enquiries are welcome at a dedicated telephone line: 631.444.6370.
The SigNature DNA marking initiative by DLA comes at a critical juncture for the electronics industry, which is facing a new federal law that would strictly enforce new anti-counterfeiting measures by defense contractors. The legal wording of the anti-counterfeiting initiative is found in Section 818 of the National Defense Authorization Act for Fiscal Year 2012 (FY'12 NDAA). While the DLA mandate is not directly connected to the new measures called for by Section 818, it applies in an environment where defense contractors are being strongly urged in various ways to adopt new processes and technologies to combat fakes sneaking into military equipment.
Section 818 of FY'12 NDAA is due to reach an important milestone at the end of September. At that time the law directs that the Defense Federal Acquisition Regulation Supplement (DFARS), which governs all transactions with DoD, is due to be revised to include the anti-counterfeiting provisions. This highly anticipated milestone has been characterized in a public open letter from the Council of Defense and Space Industry Associations as a law that will "fundamentally change the nature of the existing global supply chain for the defense industrial base."(1)
The DoD Office of the Director, Cost Assessment and Program Evaluation last year projected the value of all semiconductors sold to DoD in fiscal year 2011 to be $3.1 billion. The figure for fiscal year 2012 is projected to be $2.84 billion.(2) These figures include both microchips sold stand-alone ("direct sales") for spare parts or prototyping, and also microchips that are embedded in more complex electronic parts sold to the military ("indirect sales"). Indirect sales may range from amplifiers, to computers to aircraft and missile guidance systems.
The market value of semiconductors, both military and commercial in all countries in fiscal year 2011 has been estimated at $302 billion by Gartner.(3)
The DLA mandate for SigNature DNA will be implemented in a staged fashion, to ensure a smooth transition for the industry providers of microcircuits falling into FSC 5962, as noted by DLA. In the first stage, already accomplished and consistent with the mandate, SigNature DNA is on the microchips produced in the DLA's Generalized Emulation of Microcircuits (GEM) program.
The penetration of counterfeit electronics into the military has become a recognized national security crisis. In a Senate Armed Services Committee hearing last November, co-chaired by Senator Carl Levin (D-Mich) and Senator John McCain (R-Ariz), 1,800 separate "counterfeit incidents" in the military were identified. Each incident can involve thousands of parts. The Committee identified more than a million counterfeit parts in all.
In the military, load-bearing parts like ball-bearings, and other critical parts such as o-rings and brake shoes, are widely counterfeited and create much risk. In the commercial sector, fake medical and automotive parts are common, creating a comparable threat. Applied DNA believes that the risk in these areas can also be strongly mitigated by the use of SigNature DNA.
Dr. James A. Hayward, CEO of APDN, stated: "We commend the foresight of DLA command. This is an overdue, industry-changing moment that will protect our warfighters. APDN is fully prepared to meet this challenge."
HOMELAND SECURITY CAPITAL CORPORATION (OTCBB: HOMS)
"Up 230.36% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HOMS.php
Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland. HOMS operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities.
No recent news for Homeland Security Capital Corporation (OTCBB: HOMS).
CAMBRIDGE HEART INCORPORATED (OTCBB: CAMH)
"Up 9.09% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CAMH.php
Cambridge Heart is engaged in the development and commercialization of products for the non-invasive diagnosis of cardiac disease, particularly the identification of those at risk of sudden cardiac arrest. The Company's products incorporate its proprietary Microvolt T-Wave Alternans measurement technologies, coupled with its patented Spectral Analytic Method and ultra-sensitive disposable electrode sensors. Only Spectral Analytic Method MTWA tests are reimbursed by Medicare under its National Coverage Policy that covers patients with a wide variety of cardiac symptoms. Other major insurers in the USA also have coverage policies for the test. The T-Wave Alternans test is included in the Guideline for Management of Patients with Ventricular Arrhythmias and the Prevention of Sudden Cardiac Death jointly developed by the American College of Cardiology (ACC), The American Heart Association (AHA) and the European Society of Cardiology (ESC). The Company, founded in 1990, is based in Tewksbury, Massachusetts and is traded on the OTCBB under the symbol CAMH.
August 14 - Cambridge Heart Reports Results for the Three and Six Months Ended June 30, 2012
Cambridge Heart, Inc. (OTCBB: CAMH), a developer of non-invasive diagnostic tests for cardiac disease, today reported results for the three and six months ended June 30, 2012. Full financial statements and corresponding commentary can be found in the Company's Form 10-Q, which will be filed with the Securities and Exchange Commission on August 14, 2012.
Using innovative technologies, Cambridge Heart addresses a key problem in cardiac diagnosis – the identification of those at risk of sudden cardiac death. Sudden cardiac arrest (SCA) accounts for approximately one third of all cardiac deaths, or approximately 300,000 deaths, in the United States each year – more than lung cancer, breast cancer and HIV/AIDS combined. Out-of-hospital survival is less than 8%, making prediction and prevention critically important. It is estimated that there are approximately 10 to 12 million heart attack and heart failure patients in the U.S. who can benefit from annual Microvolt T-Wave Alternans (MTWA) testing. MTWA is a marker of SCA risk which is measured during a non-invasive treadmill test using Cambridge Heart’s proprietary technologies. The Company’s MTWA test is the only one of its kind that is reimbursed by Medicare under a National Coverage Policy.
Commenting on the results of the second quarter and recent events, Cambridge Heart CEO Ali Haghighi-Mood said, “As previously announced, in the second quarter revenue continued to be lower than expected, prompting the company to initiate a significant restructuring in order to reduce its cash burn. Under the new structure, we continue to support our customer base and distribution partners while exploring our strategic alternatives.” Mr. Haghighi-Mood added, “We are in the early stages of these exploratory activities, and look forward to providing an update in coming months.”
Financial Results for the Three Months ended June 30, 2012
Total revenue for the second quarter ended June 30, 2012 was $461,000, compared to total revenue of $542,000 reported during the same period of 2011. The decrease in revenue compared to the same period in 2011 is largely attributable to less focus and resources spent on selling the stand-alone HearTwave II System as we transitioned to the MTWA Module strategy and the implementation of the no-charge MTWA Module program introduced last July.
Cost of sales for the second quarter of 2012 was $413,000, compared to $416,000 in the same period in 2011. Gross profit, as a percent of revenue, for the three months ended June 30, 2012 and 2011 was 10% and 23%, respectively. The decrease in gross profit compared to 2011 is mostly due to the cost of goods of the MTWA Modules shipped during the quarter in connection with the Company’s initiative with our OEM partner launched in July 2011 whereby the MTWA Module was provided to them at no charge.
Operating expenses for the second quarter of 2012 were $1,498,000, a decrease of $23,000, or 2%, compared to $1,521,000 in the second quarter of 2011. The decrease in operating expense is driven by lower selling, general and administrative costs.
The operating loss for the second quarter of 2012 was $1,449,000 compared to an operating loss of $1,396,000 for the same period last year. Included in the operating loss for the second quarter of 2012 was $150,000 of non-cash stock-based compensation expense, compared to $91,000 in the comparable 2011 period. The net loss for the quarter was $1,303,000, or $0.01 per share, compared to a net loss of $1,397,000, or $0.01 per share, in the comparable 2011 period.
Financial Results for the Six Months ended June 30, 2012
Total revenue for the six months ended June 30, 2012 was $1,016,000, compared to total revenue of $1,179,000 reported during the same period of 2011.
Cost of sales for the first half of 2012 was $927,000, compared to $858,000 in the same period in 2011. Gross profit, as a percent of revenue, for the six months ended June 30, 2012 and 2011 was 9% and 27%, respectively.
Operating expenses for the six-month periods ended June 30, 2012 and 2011 were $3,205,000 and $3,046,000, respectively. The increase was due to broker and consultative fees incurred in connection with the issuance of the 2012 Notes.
The operating loss for the six months ended June 30, 2012 was $3,117,000 compared to an operating loss of $2,726,000 for the same period last year. Included in the operating loss for the six-month periods of 2012 and 2011 was $227,000 and $190,000, respectively, of non-cash stock-based compensation expense. The net loss for the 2012 period was $3,152,000, or $0.03 per share, compared to a net loss of $2,730,000, or $0.03 per share, in the comparable 2011 period.
The Company ended the second quarter with unrestricted cash and cash equivalents of $421,000. The cash used by operations was $2,759,000 for the six months ended June 30, 2012, compared to $2,536,000 for the same period in 2011. The Company believes that the existing resources and currently projected financial results are sufficient to fund operations into October of 2012.
As of June 30, 2012, the Company had a total of 124 million shares of common stock and common stock equivalents issued and outstanding, including the effect of converting the Series C-1 preferred stock and the Series D preferred stock into shares of common stock. In addition, there are options and warrants outstanding to purchase 58.0 million shares of common stock, bringing the fully diluted share count to 182 million shares of common stock.
Questions can be directed to the Company's management or its investor relations firm at the contact numbers provided.
WINNING BRANDS CORPORATION (OTC: WNBD)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/WNBD.php
Winning Brands Corporation manufactures Winning Colours® Stain Remover for consumer and commercial use as an eco-responsible alternative to traditional solvents. It is gaining popularity for its remarkable gentleness to skin and delicate surfaces, while still being a powerful and versatile stain remover. Main production takes place at the Grand Rapids, Michigan facility of Surefil LLC. Winning Brands' full product range includes a variety of advanced cleaning solutions, such as its non-toxic SMART™ Wet Cleaning liquid alternative to Perchloroethylene used in dry cleaning, KIND™ Laundry Products and CLEAN1™ — the first choice in outdoor cleaning. The company's mission is to replace hazardous chemicals in widespread use with safer alternatives. The initial focus is on cleaning products.
July 30 - First U.S. Government Order for Winning Brands
1000+ Stain Remover Going to Coast Guard
1000+™ Stain Remover, World's Most Versatile Cleaning Solution™ is heading to a U.S. government facility for the first time through official channels. The manufacturer, Winning Brands Corporation (OTC: WNBD) is processing its first order through the General Services Administration (GSA) for the U.S. Coast Guard, for use in facilities maintenance. The order follows a period of evaluation by the customer under real conditions.
Winning Brands CEO, Eric Lehner, comments: "The process which has led to this first order began years ago with the decision to seek U.S. government business at all -- a serious step. It involved a long, difficult and expensive preparatory process. The government itself recognizes it. That is why the GSA listing documentation has a life span that is measured in five year periods, and can be extended with a number of 5-year renewals. The fact that this order arises from the customer's trial use and satisfaction is the key point. With an activated GSA account, our progress within the GSA environment is more feasible. People who study these things know that the total dollar value of awarded contracts in the cleaning category as a whole is large. Now, we are working our way from small toward large eventually, as is normal when things start out. The most important thing now is that we have our first U.S. government customer. A big thank you to our team behind-the-scenes who persevered, fuelled by passion for our products and by our mission that 1000+ Stain Remover becomes the top stain fighting multi-cleaner in the world."