Friday, November 21st
PGOG, TSLI, SSVE, WNEA, MVSR
DISK, MRVC, XDSL, FMNJ, MESA, DCGN
Our Stocks to Watch today include Perf Go Green Holdings Inc. (OTCBB: PGOG), TapSlide Inc. (OTCBB: TSLI), SupportSave Solutions Inc. (OTCBB: SSVE), Wind Energy America Inc. (OTCBB: WNEA), Medivisor Inc. (OTC: MVSR), Image Entertainment Inc. (NASDAQ: DISK), MRV Communications Inc. (Nasdaq: MRVC), mPhase Technologies Inc. (OTCBB: XDSL), Franklin Mining Inc. (OTC: FMNJ), Mesa Air Group Inc. (Nasdaq: MESA) and deCODE Genetics Inc. (Nasdaq: DCGN).
PERF GO GREEN HOLDINGS INCORPORATED (OTCBB: PGOG)
"Up 59.09% in morning trading"
Perf Go Green Holdings, Inc. is engaged in the creation and global marketing of 100% eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green’s corporate name reflects its “Go Green” mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.
November 20 - Perf Go Green Provides Progress Report On Business Initiatives
Advancing Growth Plans Through New Placements and Products; Re-orders Coming in From Retailers
Perf Go Green Holdings, Inc. (OTCBB: PGOG) (“Perf Go Green”) (www.perfgogreen.com), a marketer and distributor of biodegradable plastics, provided its second quarterly update on the company's business initiatives.
“Over the past three months, we've made solid progress in introducing Perf Go Green to businesses and retailers across the U.S.,” said Chairman and CEO Tony Tracy. “Although we're still in our early stages as a company, our products are already available online (Amazon.com and drugstore.com) and in stores that have more than 18,000 retail outlets throughout the country. These include two leading pharmacy chains (Walgreens and CVS), hardware and office supply chains (OfficeMax, Do it Best, Orgill, and United Hardware), supermarkets (Bashas', Hy-Vee, and Meijers), and natural foods stores (Sprouts Farmers Market). In addition, we've received vendor approvals from retailers with another 23,000 outlets, and are working to obtain purchase orders and ship merchandise as quickly as possible.
“As the first biodegradable plastic product to be mass marketed, Perf Go Green is getting a great reception from all sectors — businesses, retailers, consumers, municipalities and non-profit organizations. We booked our first sale in May 2008, and in our last fiscal quarter we recorded quarterly revenues in the amount of $425,000. All of our target markets are proving eager to help protect the earth by selling or using products that offer a convenient, cost-effective way to reduce their environmental footprint. The fact that we're already receiving re-orders from a number of the retailers we work with is especially telling. We're proud that Perf Go Green has positioned itself as a leader in the nation's 'go green' movement, which some project to become a $500 billion market in 2009.”
Over the past three months, Perf Go Green has:
* Rolled out our 13-gallon tall kitchen trash bags and 30-gallon lawn & leaf bags nationwide at two leading pharmacy chains and has regularly been receiving re-orders from one of the chains.
* Added nearly 1,000 retail stores nationwide through a new distribution partnership with OfficeMax Incorporated, a top provider of office products and services. Perf Go Green's 13-, 30- and 39-gallon bags became available on all OfficeMax's shelves in November.
* Broadened our initial product offering to include commercial and custom-sized bags, plastic drop cloths and pet products. We're now shipping a full array of items in seven different product categories. We are implementing our EDI system with EDI-compliant customers, which will be fully integrated with our back-office and sales and marketing functions.
* Been selected to supply biodegradable plastic trash bags under a co-branding program at a major pharmacy chain. We're currently selling Perf Go Green product in the chain and our arrangement will evolve into a co-branded label in 2009, which we expect to add to its appeal.
* Received our first order for office trash bags from a securities firm in New York City, whose professional staff encompasses approximately 300 employees, all of whose desk trash cans will be fitted with Perf Go Green bags.
* Added Diversified Brands to our sales and marketing team. Diversified, whose management team has a combined total of more than 80 years of experience and a wide network of relationships, began introducing Perf Go Green products to Canadian retailers in November.
* Expanded our business development team through a partnership with GEM Business Development. An expert in the field of consumer packaged goods, GEM is tasked with broadening retail and consumer awareness of Perf Go Green and accelerating our go-to-market approach.
* Continues to enjoy a strong relationship with our manufacturer, Spectrum Plastics, a leader in the field of sustainable bags and packaging products. We are working with Spectrum to create new and better plastic products and expect to launch new products in 2009. First in line are fresh produce bags, which we'll introduce in January.
* Obtained extensive positive media coverage, including magazine articles in Family Circle, Parenting, O at Home, and, most recently, Redbook, that are helping drive consumer awareness of Perf Go Green's products. We've also been featured on Fox Business News, Lifetime Television's The Balancing Act and HGTV's Designing Spaces: Think Green.
* Increased international awareness of our products and mission through the German Equity Forum in Frankfurt in November. Perf Go Green's Chief Operating Officer was a featured speaker at the Alternative Energies panel discussion, in which companies and financial market participants from all over the world with an interest in green initiatives participated.
* Become the title sponsor for the Go Green expo at the LA Convention Center in January 2009, which will feature the latest eco-friendly products and services people can use to lead a greener life.
Tracy concluded, “The need to reduce plastic waste gets more urgent every day. We've been responding to that need — and, at the same time, establishing the basic building blocks for Perf Go Green's growth — by getting into as many retail doors as possible as well as introducing Perf Go Green with much success to businesses, government agencies and non-profit organizations. In the coming months, we plan to accelerate our distribution and educate more people about our products and their positive impact on the environment. We'll also expand our product offering, giving people even more opportunities to go green and protect the planet.”
Perf Go Green's corporate name reflects its “Go Green” mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment. Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products were honored for their design quality and innovation. According to Landor Associate, the “go green movement” is poised to become a $500 billion market by 2009.
TAPSLIDE INCORPORATED (OTCBB: TSLI)
"Up 25.00% in morning trading"
TapSlide is set to become the world's leading publisher of iPhone, Android, and Symbian mobile applications. The company combines the industry's best mobile application developers with in-depth technical knowledge of touch-screen application development and a highly creative team of designers specializing in the creation of applications for the advertising and promotions industries. TapSlide specializes in private labeled mobile applications and application publishing services for the new breed of touch screen mobile phones. TapSlide's senior management team has created numerous past successes providing white-label technology solutions to Fortune 500 companies. The list of past successes reads like a who's-who of the technology, automotive, and publishing industries and includes (but not limited to): HP, Dell, T-Mobile, Sprint, Verizon, iRobot, Nokia, Samsung, Archos, Volvo, Mini Cooper, Thule, Nalgene, Maxim Magazine, Blender Magazine, Tiger Beat & Bop Magazines, SoBe Beverages, Americas Top Model TV Show, Best Buy, RadioShack and Blockbuster. Visit www.TapSlide.com for more information about TapSlide.
November 17 - TapSlide and Global Wireless Entertainment Announce Strategic Partnership To Develop iPhone and Google Android Mobile Applications
Partnership to Deliver TapSlide Created Mobile Games and Applications for the Apple iPhone and Google Android Platforms, Based on GWE's Broad Portfolio of Licenses and Brands
TapSlide (OTCBB: TSLI) and Global Wireless Entertainment (GWE) announced a strategic partnership to explore the development of mobile games and applications for the new generation of touch screen phones based on the iPhone and Google Android platforms. As part of the partnership GWE will research its broad stable of licenses and brands under management and identify which ones will be best suited for TapSlide to develop into mobile applications and games. TapSlide will extend the GWE portfolio of licenses and brands into the new realm of touch screen phones running the latest operating systems from Apple and Google. The partnership will focus on building, marketing and deploying games and applications that utilize the Apple iPhone and Google Android mobile platforms, with a focus on touch screen mobile phones.
"We are very excited to be working with GWE in creating mobile applications for some of their brands," said Mike Stemple, CEO of TapSlide. "Paul and his team at GWE bring a wealth of knowledge and connections to TapSlide and we look forward to some very exciting developments from this partnership."
"Mike Stemple is an industry visionary and has proven that he can create successful products and companies," said Paul Buss, CEO of GWE. "I was so impressed with his last company Skinit.com and the revenue creation it brought for our licenses and brands that we purchased it and made it a part of GWE."
Specific TapSlide/GWE mobile games and applications will be announced in the coming months.
ABOUT GLOBAL WIRELESS ENTERTAINMENT / SKINIT INC.
Global Wireless Entertainment is the parent company to San Diego-based company Skinit, Inc. Skinit is the market leader in mobile consumer electronics personalization with its unique offering of customized, branded (NFL, MLB, NBA, NHL, Collegiate, Disney, Warner Bros, Lucas Arts and many more) and graphic stock designs that total over four million SKUs. Skinit provides leading OEMs, wireless carriers, MVNOs and distributors with turnkey personalization platforms that increase product differentiation, sales velocity, margins and brand impressions. For channel partners, Skinit offers unparalleled capabilities in on-demand manufacturing, fulfillment, supply chain, image portfolio and product line extensions. On the business-to-consumer end, Skinit offers the ultimate in personalization with its Customizer program, enabling end-users to upload, customize, and create their own skins. Skinit's photo quality removable skins made from exclusive 3M Scotchprint graphics are customized to fit consumer electronic devices including mobile handsets, MP3 players, desktop and laptop computers, gaming consoles, routers, and monitors. To learn more about Skinit, visit www.skinit.com.
SUPPORTSAVE SOLUTIONS INCORPORATED (OTCBB: SSVE)
SupportSave Solutions, Inc. provides offshore business process outsourcing (BPO) services primarily to the United States based clients from its facilities in the Philippines. Its BPO services include customer management, transcription and captioning, processing services, human resources, procurement, logistics support, finance and accounting, engineering, facilities management, information technology, and training. The company also offers credit application processing, mortgage processing, and title searches and data verification services. In addition, it conducts product and fraud detection; manage refunds, warranties, and applications; and offers preparations for serving legal papers. SupportSave Solutions serves small and mid-sized companies in the healthcare, communication, business services, financial services, publishing, and travel and entertainment industries. The company was founded in 2007 and is based in Alamo, California.
November 20 - SupportSave Solutions Inc. Given Speculative Buy Rating, Target Price $2.09 by Beacon Equity Research
SupportSave Solutions Inc. (OTCBB: SSVE) has received a Speculative Buy rating with a price target of $2.09 by Beacon Analyst, Lisa Springer, CFA.
The full report is available at www.beaconequity.com/main/Page-data/Adpages/SSVE.
In the report, the analyst writes, “SSVE continues to impress us with its strong sequential quarterly revenue growth. We anticipate that the Company will produce 10%-20% quarter-over-quarter sales growth and triple-digit year-over-year growth for at least the next several quarters. Facilities expansion, accretive acquisitions, and an expanded sales and marketing effort support our outlook for four-fold growth in revenues in FY 2008 to a $4.2 million range and revenues more than doubling the following year to a $9.0 million range.”
Other companies in the outsourcing/BPO market include: PeopleSupport Inc. (Nasdaq: PSPT), Sykes Enterprises (Nasdaq: SYKE), WNS (Holdings) Ltd. (NYSE: WNS) and ExlService Holdings Inc. (Nasdaq: EXLS).
November 19 - SupportSave Solutions Featured in Entrepreneur Magazine
Feature Story Highlights SupportSave's Comparative Value in BPO Space and Attractiveness to Businesses in Slowing Economy
SupportSave Solutions Inc. (OTCBB: SSVE), a provider of Business Processing Outsourcing ("BPO") services, is the subject of a feature story in an issue of the well-known monthly magazine, Entrepreneur.
The story, "From the Ground Up: Cebu-Based Company Attracts US Firms with Value-for-Money Proposition, Better Service," describes the tremendous efforts by the company's founders Christopher Johns and Aina Dumlao to start the company on a shoestring budget in 2004. The story goes on to note, "Today, their hard work has started to pay off nicely. SupportSave has now established itself as a rising BPO company with a 400-seat facility in Cebu City. The company has clients in Australia, the United States, Canada, Singapore, Taiwan, and Europe."
Christopher Johns remarked, "The SupportSave value proposition is truly remarkable. As noted in the story in Entrepreneur magazine, our rate of only $897.00 per month for a full-time, dedicated professional staff member or agent is 60 to 80 percent less than the industry average." Mr. Johns continued, "It is fitting that our entrepreneurial efforts would be recognized by Entrepreneur Magazine. We are particularly pleased that the article highlights the fact that our value proposition is especially attractive during this time of a slowing American economy."
WIND ENERGY AMERICA INCORPORATED (OTCBB: WNEA)
Wind Energy America Inc. develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms: Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present, WNEA owns a developer's stake and a minimal interest producing negligible cash flow in these wind farms. Over the next two years the developer’s stake will begin producing significant cash flow from these projects. The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company owns a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.
November 19 - Wind Energy America Inc. Obtains Financing to Complete Minnesota Wind Farm
Wind Energy America Inc. (OTCBB: WNEA) announced that it has started ordering parts and commencing construction and interconnect operations to complete its wind farm project in Minnesota which contains two of the Gamesa wind turbines acquired in the Boreal Energy asset purchase. When commissioning of these two turbines is completed, WNEA will receive its first material revenues from generating utility-scale electricity from wind power. This Buffalo Ridge wind farm and its revenue production will be 100% owned by WNEA.
Financing for this wind farm project was obtained from a California holding company through a sale/leaseback of our Midwest Energy Center facility in Lincoln County MN. WNEA received net proceeds of approximately $l,400,000 from this sale/leaseback transaction. We also have the option after 2 years to repurchase the facility at a price which represents a small percentage increase over the initial sale/leaseback price.
Robert Knutson, managing director of WNEA and the person responsible for obtaining and closing this significant funding, stated: “Given the current difficulties of raising development capital due to the recent collapse of worldwide equity markets, we are pleased that WNEA has been able to obtain critical funding at this time. These proceeds have enabled us to satisfy substantial overdue bank debt secured by the project, pay for interconnect and other costs owed to the utility which will purchase electricity generated by the project, acquire the necessary transformer equipment and other wind turbine parts and materials, and retain an experienced wind power contractor to complete the project for us.”
MEDIVISOR INCORPORATED (OTC: MVSR)
Medivisor, Inc. provides medical information to healthcare professionals, primarily physicians, through its Web sites, using inter-active, informational, and video and graphic presentations. It also focuses on offering Web site services to various industries seeking direct access to physicians, including providers of continuing medical education courses; sponsors of medical conferences and seminars; and pharmaceutical companies, using an online marketing format known as e-detailing. The company was founded in 2002 and is headquartered in Huntington Station, New York.
November 19 - Medivisor, Inc. Reaches Marketing Agreement for NICLite®, a Smoking Alternative Drink
Medivisor, Inc. (OTC: MVSR), developer of next-generation focus driven marketing tools, sales strategies, and distribution platforms, announced that it has entered into an agreement with The Curry Group, agent for Nico Worldwide Inc., for the sale and marketing of NICLite®. NICLite® is an alcohol-free Smoking Alternative Drink that is registered with the FDA as a Homeopathic Nicotinum Complex Formula.
Over 2.5 billion people (close to half the world's population) smoke cigarettes. This includes an astounding 48.2 million Americans. Throughout the world, legislation is demanding a ban on smoking. As confirmed in the New England Journal of Medicine, nicotine is a naturally occurring compound. It is found in common foods and vegetables such as potatoes, tomatoes, cauliflower, eggplant, chili peppers, and some types of tea. The World Health Organization has estimated that tobacco smoke contains over 4,000 chemicals, of which nicotine is just one. In addition to tar, there is also carbon monoxide (found in car exhaust fumes), ammonia (found in floor cleaner) and arsenic (found in rat poison). At least 43 of the chemicals in tobacco smoke are known to cause cancers of the lung, throat, mouth, bladder and kidneys. Tobacco smoke also contributes to a number of other cancers.
NICLite® contains a purified organic nicotine molecule in a Complex Homeopathic Formula, which will go into equal suspension in 8 ounces of pharmaceutical grade water. Nico Worldwide Inc. developed NICLite® as a smoking alternative for when people can't smoke, shouldn't smoke or choose not to smoke, and to reduce the craving for tobacco.
"With an increasing number of places and countries banning smoking, NICLite® offers people a real alternative, and the ability to live life smoke free," stated Dino Luzzi, president of Medivisor, Inc. "The potential marketplace for this product is almost limitless."
IMAGE ENTERTAINMENT INCORPORATED (NASDAQ: DISK)
"Up 128.99% in morning trading"
Image Entertainment, Inc. is a leading independent licensee, producer and distributor of home entertainment programming in North America, with approximately 3,500 exclusive DVD titles and approximately 370 exclusive CD titles in domestic release and approximately 600 programs internationally via sublicense agreements. For many of its titles, the Company has exclusive audio and broadcast rights and, through its subsidiary Egami Media, Inc., has digital download rights to approximately 2,000 video programs and over 300 audio programs containing more than 4,500 tracks. The Company is headquartered in Chatsworth, California.
November 20 -
Image Entertainment Signs Definitive Merger Agreement to Sell Company for Approximately $100 Million
Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of entertainment programming in North America, announced that it has entered into a definitive merger agreement with Nyx Acquisitions, Inc. to sell Image in a transaction valued at approximately $100 million, including the assumption of the company’s outstanding debt under its credit facility, replication advance obligation and convertible note.
Under the terms of the merger agreement, Image stockholders will receive $2.75 per share in cash. The agreed-upon acquisition price represents a 299% premium to Image’s closing share price of $0.69 on November 20, 2008, and a 267% premium to the 30-day average closing price of $0.75 ended November 20, 2008.
Stockholders owning a total of approximately 38% of Image’s outstanding shares of common stock have agreed to vote their shares in favor of the transaction.
Completion of the transaction is subject to customary closing conditions, including regulatory review and the approval of the transaction by Image stockholders. The transaction is not subject to a financing condition and is expected to close during the first quarter of 2009.
Nyx Acquisitions, Inc. is a wholly-owned subsidiary of Q Black, LLC, led by co-founder and CEO Joe Q. Bretz. Q Black operates under the name Q Black Media. Q Black is chaired by Chris Luu, with co-founder David Blackford serving as its COO and Brian Lillquist as its Vice President of Business Development. CIO Richard Verdoni heads Q Black’s offices in Mexico City.
David Borshell, President of Image Entertainment, stated, “Executive management and the company’s Board of Directors never gave up on finding a way to maximize shareholder value, even during a challenging financial environment. We have been successfully executing the business plan we put in place about a year ago and by doing so developed a strong and healthy business which obviously kept potential suitors interested.
“This deal allows Image to expand its overall business and grow as a vertically-integrated entertainment company. By combining Image’s established infrastructure and highly regarded home video, digital and television distribution capabilities with Q Black’s content creation and digital technology expertise, the parties create a much larger and exciting organization, one very much focused on feature films and well prepared to take advantage of evolving distribution strategies,” concluded Borshell.
Martin W. Greenwald, Image Entertainment’s Chairman of the Board, stated, "I’ve been fortunate over the past three decades to be part of Image as it has grown to become a dominant player in the entertainment industry. We have a very supportive shareholder base, great content partnerships, an extraordinary group of retailers who support our efforts and an incredible group of employees who acted as the lightening rod that made it all come together.
“I am elated that the company will further grow in the very capable hands of Joe Bretz. Joe is committed to keep Image Entertainment a well-respected content and distribution entity and has designed an exciting and aggressive roadmap to expand Image's reach into new and growing technologies. I feel blessed to have been part of this great company and will be on the sidelines, proudly smiling, as Image continues to mature,” concluded Greenwald.
Joe Q. Bretz, CEO of Q Black Media, stated, “Image is one of those companies that gets stronger in the face of adversity. The accomplishments of its senior management team over the past several months are undeniably impressive — they’ve built a solidly growing revenue base by leveraging their distribution capabilities across all formats and platforms. Our international reach and digital expertise in conjunction with the drive and vision of the current management team makes Image a force to be reckoned with. Image will continue to acquire high profile programming, develop new and exciting original content from concept to completion and, of course, utilize its vast library.
“I’m both proud and excited to be part of this company and look forward to the future as we take Image to new levels,” concluded Bretz.
The Board of Directors of Image unanimously approved the merger agreement and has recommended that Image stockholders vote in favor of the transaction.
In connection with the transaction, Gordon Bava and David Grinberg of Manatt, Phelps and Phillips, LLP acted as legal advisor to Image, Joshua A. Ridless of Ridless Law Offices acted as legal advisor to Q Black, LLC and Raymond James & Associates, Inc. provided a fairness opinion to the Board of Directors of Image.
ABOUT INVESTOR GROUP
Nyx Acquisitions, Inc. is a wholly-owned subsidiary of Q Black Media, which is a privately-held, San Francisco-based new media and global investment group with a central mission of advancing the convergence of digital technologies with traditional media. Q Black Media places an emphasis in creating original content, improving production efficiency, and innovating content delivery. It has a multi-purpose entertainment platform comprised of diverse subsidiaries including its film production, nightclub development, real estate, and technology incubation divisions. Q Black has built a library of original content that includes reality television series, documentaries, and concert footage. In 2007, Q Black Media forged a collaborative venture with John and Rob Schneider (Deuce Bigalow, The Hot Chick, The Animal), and have since completed their first of three feature films together. In 2008, Q Black Media partnered with Deviant Films (This Girl's Life, Dirty, The Last Word, Spun) to form a new entity, Q Black Deviant, which produces independent feature films.
MRV COMMUNICATIONS INCORPORATED (NASDAQ: MRVC)
"Up 37.68% in morning trading"
MRV Communications, Inc. ("MRV") is a leading provider of network equipment and services, and optical components. MRV’s networking business provides equipment used by commercial customers, governments and telecommunications service providers, and includes switches, routers, physical layer products and out-of-band management products as well as specialized networking products for aerospace, defense and other applications including voice and cellular communication. MRV’s optical components business provides optical communications components for metropolitan, access and Fiber-to-the-Premises applications, through its wholly owned subsidiary SourcePhotonics, Inc. MRV markets and sells its products worldwide through a variety of channels, including a dedicated direct sales force, manufacturers' representatives, value-added-resellers, distributors and systems integrators. MRV also has operations in Europe that provide network system design, integration and distribution services that include products manufactured by third-party vendors, as well as internally developed and manufactured products.
November 19 -
MRV Debuts High Port Density 8 Gbps Fibre Channel Solution for Test Lab Automation
MRV Communications, Inc. (Nasdaq: MRVC), a leading provider of products and services for out-of-band networking, physical layer switching, WDM and optical transport, metro Ethernet, fiber optic components, 10GE and other service aware networking products, announced a new Media Cross Connect® (MCC) physical layer chassis and interface blade for high-density 8 Gbps Fibre Channel test lab automation applications.
The high-speed chassis features an 8.5 Gbps backplane for 8 Gbps Fibre Channel applications as well as other emerging, high-speed protocols. The new interface blade will use SFP+ technology to provide high-density 8Gb Fibre Channel support. The chassis also supports all existing MCC interface blades ranging from T1/E1 copper to 10 Gbps fiber protocols. MRV is also planning an 8-Gbps SFP+ interface blade for use in its existing MCC chassis to allow its embedded base of users to test high-speed storage networks.
The MCC family is the missing link in complete test lab automation, offering the ability to implement “wire-once” technology in the test lab environment to manage all tests and test configurations dynamically through software. This automation saves operational as well as capital expenses by allowing equipment to be shared throughout the lab and eliminating the need to manually reconfigure physical connections.
The support for 8Gbps Fibre Channel makes the MCC product family the most complete solution for the storage equipment manufacturing industry. Earlier this year, MRV announced the SAS/SATA SFP for its interface blades, adding to its existing support of 2/4Gb Fibre Channel and Fibre Channel Over Ethernet (FCoE).
“It is always a challenge for storage equipment manufacturers and systems providers to expand and evolve their products to keep pace with technology,” said Noam Lotan, president and CEO of MRV Communications. “At MRV we not only want to provide support for the latest technology, we strive to protect the investment of our customer’s installed base. With the current financial atmosphere, we cannot expect customers to throw away the old and replace it with new.”
The MCC product roadmap allows budget dollars to be spent on implementing lab automation in new areas of the organization, saving additional capital and operational expenses, as opposed to being used to replace existing systems.
“With the advent of blade servers and other compact computing form factors, boosting the performance and density of the MCC is an important move by MRV because it makes it easier for manufacturers to scale their test systems to match real network conditions,” said Nariman Teymourian, chairman and CEO of Gale Technologies.
Gale Technologies, formed by the merger of EdenTree Technologies and QuikCycle, is a leading lab and test management software provider and a reseller of MRV’s MCC products to dynamically automate and manage all steps in the network testing lifecycle.
The new systems will be shipped before the end of the year, followed by the debut of the 8 Gbps SFP+ module for existing systems in early 2009.
ABOUT THE MCC
The Media Cross Connect (MCC) product line from MRV is a physical layer switch that replaces the manual patch panel providing the missing link to true test automation. Using the MCC users can program connections from any port to any other port within the system. Modularly designed, the MCC is available in 72, 144 and 288 port versions. The MCC allows engineers to change test configurations with a single software command eliminating the laborious process of patching and re-patching cables dramatically simplifying the test set up and reconfiguration process. The MCC allows test equipment to be shared among test beds reducing capital expenses in the lab. Test lab automation reduces the time it takes to complete each test, allows 24/7 testing, saves engineering hours and costs and shortens the time-to-market of new products.
ABOUT GALE TECHNOLOGIES, INC.
Gale Technologies, representing the merger of EdenTree Technologies and QuikCycle, has been providing lab management and automation solutions to network equipment manufacturers, service providers, and enterprises since 2000. Gale's Lab Manager, AutoLab and AutoTest software, the Lab Operating System™ and leading software platform for managing, configuring and scheduling lab resources, is used by industry-leading companies including Cisco Systems, Hitachi Data Systems, Ericsson, British Telecom, Telus, Verizon and AT&T, helping them to reduce testing time and costs, increase leverage of equipment investments, and improved time to market delivery. Gale brings an unprecedented level of speed, efficiency, repeatability, and productivity to network labs, by eliminating manual reconfigurations, enabling remote access, device provisioning, test case management, and storing test configurations and results.
MPHASE TECHNOLOGIES (OTCBB: XDSL)
in morning trading"
mPhase Technologies, Inc. a development stage technology company, develops and sells broadband communications products for telephone service providers in the United States. The company primarily offers TV+ solution, an open-standards, carrier class solution of middleware/software enabling telephone service providers to deliver broadcast TV using internet protocol. The TV+ solution also delivers video on demand, voice, and high-speed Internet over various types of existing infrastructure of a telephone service provider, including copper, fiber, or coax. The company's other digital subscriber line products that include plain old telephone service Splitter Shelf is a low pass/high pass filter that separates voice and data transmissions. It also develops highly sensitive magnetometers based on micro-mechanical systems. The company was founded in 1996 and is headquartered in Norwalk, Connecticut with additional offices in Little Falls, New Jersey; and New York, New York.
20 - mPhase Selected as a Company to Watch by the New Jersey Technology Council
mPhase/AlwaysReady to Be Honored at NJTC Awards Gala Tonight
mPhase Technologies, Inc. (OTCBB: XDSL) announced that it was selected by the New Jersey Technology Council (NJTC) as a "Company to Watch" and will be honored tonight at the 2008 NJTC Awards Gala at the Palace at Somerset Park, Somerset, NJ. mPhase/AlwaysReady was selected along with four other New Jersey companies in this new award category. The NJTC Awards Gala honors, celebrates and publicizes New Jersey's top technology companies.
"The Companies to Watch is an exciting collection of companies we feel will surely continue to make their mark not only in New Jersey but throughout the entire world. As their innovative technologies begin to get the industry recognition they deserve, the NJTC, and likely the finance community, will be watching these companies very closely," quoted NJTC.
As part of the recognition, mPhase/AlwaysReady is featured in NJTC's monthly publication — New Jersey TechNews (Vol. 12 Issue 8). The publication is available in hardcopy form or may be viewed online at:
mPhase/AlwaysReady is currently developing products based on its Smart NanoBattery, with its proprietary superhydrophobic and electrowettable membrane being used in the multi-cell micro-array reserve battery designed for a US Army computer memory backup application, as well as a manually activated reserve battery with a breakable separator for an emergency light offering potentially infinite shelf-life.
Said mPhase CEO Ron Durando, "This past year we made significant progress in our development of the Smart NanoBattery. We are proud that mPhase has been selected as a Company to Watch by NJTC and important to receive peer recognition. In 2009 we look forward in bringing to fruition military and commercial applications of our breakthrough battery technology."
The NJTC Awards Gala is open to the public. Information about the event and how to register is available at www.njtc.org/events/gala2008/attend.asp.
ABOUT THE NEW JERSEY TECHNOLOGY COUNCIL
The New Jersey Technology Council (NJTC) provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders. Founded in 1996, NJTC's more than 1,200 member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States.
FRANKLIN MINING INCORPORATED (OTC: FMNJ)
"Up 75.00% in morning trading"
Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Visit www.FranklinMining.com for more information.
November 18 -
Franklin Announces Reorganization
Franklin Mining, Inc. (OTC: FMNJ) (Frankfurt: FMJ.F) announces the reorganization of its business structure and top management effective Tuesday, November 18, 2008, splitting its mining and energy divisions and appointing Howard Dunn, PE to the position of President, Franklin Oil & Gas Division. Mr. Paul Baker has been appointed to direct Mining Operations in Bolivia.
"As President of our Oil & Gas Division, Mr. Dunn will be responsible for the oversight, coordination and development of Franklin's GTL project in Argentina. Mr. Fernando Infante, Franklin Mining Executive Vice-President will work with Mr. Dunn on energy issues." Mr. Petty's remarks on Franklin's top management realignment continued, "Howard and Fernando will work directly with Dr. Isaac Rahmim, President, E-MetaVenture, Inc. as we expand and strengthen our Oil & Gas Division."
"Mr. Paul Baker, a career mining executive with a thorough understanding of the industry in South America, has assumed responsibility for on-site management and coordination of all mining operations and logistics for our joint-venture Escala I project in Bolivia." Mr. Petty added, "Paul has been a mining consultant to Franklin since mid-2007 and I am pleased he has agreed to be our on-site manager as Franklin moves forward with our capital investment plan for the Escala."
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A.
MESA AIR GROUP INCORPORATED (NASD: MESA)
"Up 17.65% in morning trading"
Mesa Air Group, Inc., through its subsidiaries, provides scheduled passenger and airfreight services. It carries passengers, as well as freight and express packages on its passenger flights. The company also has interlined small cargo freight agreements with various other carriers. In addition, Mesa Air Group contracts with the U.S. Postal Service for carriage of mail to the cities it serves. Further, it occasionally operates charter flights. As of September 30, 2007, the company operated a fleet of 182 aircraft with approximately 1,100 daily departures to 184 cities in the United States, the District of Columbia, Canada, the Bahamas, and Mexico. Mesa Air Group was founded in 1980 and is headquartered in Phoenix, Arizona.
November 17 -
Mesa Air Group, Inc. Reports October Traffic
Mesa Air Group, Inc. (Nasdaq: MESA) reported its preliminary traffic figures for October 2008. Year-over-year available seat miles decreased 16.63% in October 2008 to 604,615,000 compared to 725,259,000 in October 2007. Revenue passenger miles decreased 12.03% from 541,149,000 in 2007 to 476,034,000 in 2008. Passenger enplanements decreased 11.30% from 1,282,516 in October 2007 to 1,137,571 in October 2008. Year-over-year load factor for the month of October was 78.73% in 2008 compared to 74.61% in 2007. Mesa's on-time performance for October was 82.1%.
Go’s preliminary traffic figures for October 2008 indicate that its operations generated 13.3 million available seat miles, 9.4 million revenue passenger miles and 63,482 passengers, compared with 53,559 in October 2007. Load factor for October 2008 was 70.75%, compared to 67.23% for the same period in 2007. Hawai'i's low fare airline recorded an on-time performance rate of 82%.
"While capacity cuts by our partner airlines have resulted in reductions in our mainland flying, our Hawai'i operations continued to perform well in spite of a significant reduction in visitor numbers to the islands," said Mesa Air Group Chairman and CEO, Jonathan Ornstein, adding, "we are also encouraged by the lower fuel prices which bode well for the future. I would like once more to thank our employees for their superb effort and continued support."
Mesa currently operates 152 aircraft with over 800 daily system departures to 126 cities, 38 states, the District of Columbia, Canada and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go! This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 4200 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. Mesa is a member of the Regional Airline Association and Regional Aviation Partners.
DECODE GENETICS INCORPORATED (NASDAQ: DCGN)
"Up 29.41% in morning trading"
deCODE is a biopharmaceutical company applying its discoveries in human genetics to the development of diagnostics and drugs for common diseases. deCODE is a global leader in gene discovery — our population approach and resources have enabled us to isolate key genes contributing to major public health challenges from cardiovascular disease to cancer, genes that are providing us with drug targets rooted in the basic biology of disease. Through its CLIA-registered laboratory, deCODE is offering a growing range of DNA-based tests for gauging risk and empowering prevention of common diseases, including deCODE T2™ for type 2 diabetes; deCODE AF™ for atrial fibrillation and stroke; deCODE MI™ for heart attack; deCODE ProCa™ for prostate cancer; deCODE Glaucoma™ for a major type of glaucoma. deCODE is delivering on the promise of the new genetics.
November 11 -
Major Independent Study Underscores Utility of deCODE MI™ for Better Predicting Risk of Heart Attack, Informing Statin Therapy
In a presentation at the American Heart Association Scientific Sessions 2008, clinicians and researchers from Baylor College of Medicine have presented data from the Atherosclerosis Risk in Communities (ARIC) study, demonstrating that measuring the genetic risk factor on chromosome 9p21 detected by the deCODE MI(TM) test complements traditional risk factors to improve the assessment of individual risk of future coronary heart disease (CHD). This information can be used to more accurately assess target cholesterol levels and to inform lipid-modifying therapy recommendations.
Last year, deCODE Genetics Inc. (Nasdaq: DCGN) discovered single-letter variations in the human genome (SNPs) on chromosome 9p21 that increase risk of heart attack, and launched its deCODE MI(TM) reference laboratory test to enable clinicians to measure this risk factor as part of their efforts to provide the best preventive strategies for their patients. In the study today, the Baylor team and colleagues from other academic institutions analyzed the clinical utility of testing for the 9p21 risk factor by adding it to a range of standard CHD risk factors followed by ARIC, a major, NIH-funded prospective study of cardiovascular disease and care begun in 1987. Through an analysis of more than 10,000 ARIC participants of European descent for whom 9p21 status was known, the study found that knowing the 9p21 risk made the assessment of individual risk more accurate and resulted in the reclassification from one risk category to another of a significant proportion of the overall cohort. The impact was most pronounced in the categories of intermediate risk, in which individuals were estimated to be at a 5-10% risk of CHD in the next ten years, and intermediate-high, with individuals at an estimated 10 -20% 10-year CHD risk. In these categories, 19% and 17% of people, respectively, were shifted to a different risk category as a result of integrating their 9p21 status. This reclassification would result in a change in target LDL-cholesterol levels and thus in recommended lipid- lowering therapy.
"The results of this study demonstrate that integrating deCODE MI(TM) into the standard list of risk factors now used to assess CHD risk can improve the prediction of risk of future cardiac events. This provides physicians with a more accurate basis upon which to target cholesterol levels for individual patients and thus for tailoring statin use, in addition to addressing other risk factors such as obesity, smoking and hypertension. The study is all the more important because deCODE MI is available to clinicians today through our CLIA-registered laboratory," said Dr. Kari Stefansson, M.D., Dr. Med., CEO of deCODE.
ABOUT DECODE MI™
deCODE MI(TM) is a DNA-based test for identifying individuals at increased risk for myocardial infarction (MI). It is a reference laboratory test which detects versions of SNPs in the CDKN2A/2B gene region on chromosome 9p21. deCODE genetics has reported, based on studies of thousands of patients in multiple cohorts from the US and Europe, that individuals who are positive for this test are at approximately 1.6-times higher risk of MI, and at approximately twice the risk of early-onset MI (before age 50 in men and age 60 in women) than are those without the genetic risk variants. About 20% of people of European descent are positive for this test. deCODE's findings have been confirmed in multiple studies in the US, Canada, United Kingdom and Europe.
HOW TO ORDER DECODE MI™
Additional information and physician order forms for deCODE MI(TM) can be found at www.decodediagnostics.com. The price of the test is $200 dollars and deCODE facilitates reimbursement from commercial insurers. Testing is performed in deCODE's CLIA-registered laboratory, which has analyzed the genomes of hundreds of thousands of people from around the globe.