YIPI, ADMD, MCLN, FRFS, ECOB, NEGS
Our Stocks to Watch tomorrow include Yippy Inc. (OTCQX: YIPI), Advanced Medical Isotope Corp. (OTC: ADMD), MedClean Technologies Inc. (OTCBB: MCLN), Firefish Inc. (OTCBB: FRFS), Eco Building Products Inc. (OCBB: ECOB) and NX Global Inc. (OTCBB: NEGS).
YIPPY INCORPORATED (OTCQX: YIPI)
"Up 57.63% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/YIPI.php
Based in Fort Myers, Florida, Yippy, Inc. is a technology company that specializes in the development of search, data normalization, and aggregation through application service environments for consumer and enterprise markets. Yippy's proprietary web-based product suites are deployed over cloud architecture and provide secure, redundant and maintained Data as a Service for businesses and education markets. The Company also operates several online web properties and educational reference portals. The Company began operations in 2009.
June 11 - Yippy, Inc. and MuseGlobal to Merge, Offering Unified Access to a Data Cloud of Curated Content
Yippy, Inc. (OTCQX: YIPI) ("Yippy" or the "Company"), a unified search company known for its clustering technology, reported that the Company entered into an agreement to merge with MuseGlobal, a leading provider of content integration and data virtualization services.
The merger of Yippy and MuseGlobal combines two wholly synergistic companies that bring together an exclusive and vast range of resources and abilities that no other search or information-based company in the world possesses including majors such as Google, Microsoft and HP/Autonomy. The combined companies will create an information cloud that will represent a significant shift in the business of enterprise, vertical and consumer search with unlimited consumer and commercial uses. The Companies' registered trademark "Welcome to the Cloud" embodies its combined data virtualization initiatives.
Yippy.com (formally www.clusty.com) is an award-winning deep research engine developed out of Carnegie Mellon University. The programs were acquired by Yippy in May 2010 from Vivisimo, Inc., an industry leading Enterprise Search company that was recently acquired (May 2012) by International Business Machines (IBM). In conjunction with the purchase of the search engine software, Yippy acquired from Vivisimo/IBM a transferable, unlimited lifetime perpetual license for the software known as Velocity for web-based search applications. Velocity is the most advanced enterprise software solution with patented clustering methods that are the keys to the future of enterprise and consumer search. IBM currently holds a 10% stake in Yippy, Inc.
"Big Data is a major problem for search engines. If you can't cluster search results and dynamically rank and normalize unlimited information sources whether it is a consumer search engine such as Bing or Google, or an enterprise model like HP/Autonomy, in my opinion you're out of the game of search in 3-5 years. The future is Data Virtualization or Data as a Service in the cloud," stated Rich Granville, CEO, Yippy Inc.
He continues, "Google is far less effective today due to their index growing from 3 billion pages in 2003 to 50 billion in 2011. It is information overload, and clustering is the only logical answer to that problem. Since IBM just acquired the clustering patent from Vivisimo, and Yippy is only other company with rights/protections under that patent for consumer web-based search. What are these major search engines going to do?"
Through many use case tests Management looked for internal weaknesses in Velocity and none could be found. Through these tests Management noted that the only challenges with Velocity as well as all other enterprise and consumer solutions are the need for connectors and authenticators to the vast amount of information sources, taxonomies and data structures throughout the digital world. Creating and maintaining these connectors and authenticators is very expensive, time consuming and done by trial and error, and are typically called "hacks". These hacks significantly impede development time and drive up overall costs for enterprise or consumer solutions making true cloud based data virtualization unobtainable to small and medium businesses.
Instead of using expensive and time consuming engineered hacks, MuseGlobal has built a fully documented Source Factory that monitors, maintains and updates the Muse Smart Connectors on a 24/7 basis and guarantees high sustainable and scalable use for a fraction of the cost. With over 6,500 pre-built Smart Connectors, MuseGlobal deploys and maintains the largest and most versatile library of content connections in the world. Muse Smart Connectors are available out-of-the-box for content federation and harvesting to public and private, structured and unstructured data in any format and across any location, including enterprise applications, web 2.0, social media, and proprietary content sources. These Connectors are the fundamental root of Data Virtualization.
"Muse's data virtualization platform was built to simplify the daunting task of accessing, aggregating and filtering the staggering amounts of data from an ever increasing variety of external and internal data sources. With Yippy as a partner, we can feed complete, yet targeted information into a data cloud to deliver best-of-breed content to people in their personal and professional lives," stated Kristina Bivins, CEO, MuseGlobal, Inc.
"The Yippy – Muse combination creates a data cloud of curated content that doesn't exist today," continued Bivins. "With Muse's data virtualization platform as its backbone, driving sustainable, repeatable processes for authentication and connection to multiple disparate data sources, and Yippy's custom search wrappers serving clustered, individualized, real-time data results, the Yippy-Muse data cloud is the new paradigm for any data-driven consumer or enterprise use case."
Granville added, "These two terrific engines running in parallel will provide the best quality and most accurate result sets. Speed to results is crucial and by spreading the load over two engines makes for a more efficient data flow. Templates will be quickly designed and produced to make potential customers excited about the program offerings allowing for individualized real time customization of user interfaces through technology designed by Macte Labs, a recently announced Yippy acquisition. Yippy, MuseGlobal and Macte Labs will be able to stay ahead of trends and adapt "on the fly" by taking a parallel approach to content and program capabilities."
"The combination of Yippy, MuseGlobal and Macte Labs will increase the number of issued and outstanding common shares from 53 million to approximately 67 million. The combined parties have over 50 employees in 4 countries and with current combined revenues in the upper 7 figures and rising quickly," concluded Granville.
"We are in a position to underprice and out-produce the competition by unimaginable numbers through our Data Virtualization model. We're talking 50% savings across the board for data services provided by companies such as HP/Autonomy. We have the finest programs, services and client attention available anywhere. Welcome to the Cloud," concluded Bivins.
ABOUT MUSEGLOBAL, INC.
Headquartered in San Francisco, CA, MuseGlobal sets the standard for Smart Connectors through content harvesting and federation technologies to search and access content in any format on any type system. MuseGlobal's data virtualization solutions support access to structured and unstructured data in both private and public networks, from enterprise class applications to social networks. MuseGlobal's Smart Connectors deliver a wide range of interoperability options that allow quick integration with new or existing unified information access and big data platforms in a scalable, secure and sustainable environment that ease customization, implementation, maintenance and administration. MuseGlobal partners with today's most sophisticated blue-chip technology companies to empower effective custom search solutions worldwide.
ADVANCED MEDICAL ISOTOPE CORPORATION (OTC: ADMD)
"Up 36.36% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/ADMD.php
Advanced Medical Isotope Corporation (AMIC) is a medical isotope production company engaged in the production and distribution of medical isotopes and medical isotope in vivo delivery systems for advanced diagnostic and non-surgical therapeutic application. AMIC's goal is to empower physicians, medical researchers, and ultimately patients by providing them with essential medical isotopes that, until now, have not been feasible or economical, in an effort to detect and cure human disease.
No recent news for Advanced Medical Isotope Corporation (OTC: ADMD).
MEDCLEAN TECHNOLOGIES INCORPORATED (OTCBB: MCLN)
"Up 100.00% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/MCLN.php
MedClean Technologies, Inc. is a provider of innovative technology and services for the treatment and disposal of regulated medical waste. MedClean's flagship MedClean® Series systems are fully integrated, turnkey technology solutions that enable healthcare providers and medical waste haulers to safely, efficiently, and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities now located in Bethlehem, Pennsylvania.
May 15 - MedClean Technologies Announces 2011 Results
Company Increases 2011 Total Revenue 91% versus 2010
Company Schedules Shareholder Conference Call for May 21
MedClean Technologies, Inc. (OTCBB: MCLN) announced financial results for the 12-month period ended December 31, 2011.
2011 Year-end Operational Highlights:
* Total revenue for 2011 increased 91% to $1,717,721 compared to $896,993 for 2010.
* Gross profit for 2011 increased 54% to $725,752 compared with gross profit of $470,295 for 2010.
* Net cash used in operating activities decreased to $1,1067,913 in 2011 from $1,882,435 in 2010.
2011 Fourth Quarter Operational Highlights:
* Fourth quarter revenue, including system sales of $115,000 in the quarter, was $330,594.
* Maintenance Revenue of $59,423 held close to the quarterly projected amount of $62,000.
* Corrective Maintenance of $103,444 exceeded the quarterly projected amount of $74,000 and compares to $93,820 in the fourth quarter of 2010.
* MedClean's new ecommerce line of business (MedClean GPO), which was launched in the third quarter 2011, generated $42,205 for the full year 2011 and the acceleration initially expected during the first half of 2012 is now expected to start in the third quarter due to delays in launching new products. The Company continues to plan on introducing other mainstream consumable products such as red bags, autoclave bags boxes during 2012.
* Consumables for MedClean Systems (cart liners, deodorizer, supplies, etc.,) generated revenue of $28,963 in the fourth quarter, below the Company's targeted run rate of $34,500 per quarter. Fluctuations are expected to occur quarterly in the future based upon customer needs.
"Year-over-year revenue results were extremely positive and we managed to continue to reduce our operational expenses while growing our revenue," stated David Laky, President & CEO of MedClean Technologies, Inc.
"Our overall business plan has been well received by partners and peers in the market. The Company will continue to focus on building operational integrity through improving recurring revenue streams, implementing the localized processing center model, and managing operating expenses. We have also begun the process of investigating new business opportunities through tighter integration with partners and providers of industry related products and services that would benefit from our industry expertise and connectivity developed via our distributor and IMWTA hauler network. While I commend our team for the hard work and strong improvements in 2011, we all understand that we have to compound these improvements to scale our business model with the first goal of profitability while also expanding our addressable market with the new opportunities outside of one-time system sales."
Mr. Laky added, "We will be hosting a conference call with investors on Monday, May 21, 2012 at 1:30 p.m. The call will include an overview of our 2011 financial results and will include a question and answer session for shareholders. We feel this type of communication will provide the best forum to provide additional information on recent developments."
Full Year Financial Results
Total revenue for 2011 was $1,717,721 compared with $896,993 for 2010, representing a revenue increase of $820,729 or 91%. The net gain in revenue was attributed to an increase in MedClean System sales of $1,010,200, and a decrease of $(189,472) in the sale of consumables, component parts, and service contracts.
Revenues from MedClean System Sales for 2011 were $1,010,200 compared to $0 in 2010.
Revenues derived from the sale of consumables, component parts and service contracts decreased to $707,521 compared to $896,993 in the prior year. The revenue was attributable to orders for goods and services from the Company's existing installed base of hospitals that have previously purchased a MedClean System. Service revenues decline in direct proportion to a reduction in corrective maintenance services work. Service billings will continue to fluctuate period to period based upon equipment service requirements.
The gross profit for 2011 was $725,752 (42.3% of total revenue) compared with a gross profit in 2010 of $470,295 (52.5% of total revenue). The decrease in gross profit margin as compared to the prior year can be attributed to lower profit margins on system sales. The components of costs of revenues for system sales include direct materials, depreciation, shipping and rigging costs, and contract labor.
Total operating expenses for 2011 were $3,579,315 compared with $4,787,192 for 2010, a decrease of $1,207,877 or 25.3%. In 2011, the Company incurred a $1,204,799 non-cash charge to operations for the fair value of vesting options and warrants as compared to $2,060,985 in 2010 and $0 in 2011 for stock based compensation as compared to $227,640 in 2010; a net decrease of $1,083,826, while other operating costs were reduced by $124,051 in 2011 versus 2010.
Net loss for 2011 was $(4,376,105) compared to a net loss in 2010 of $(4,417,550).
The Company has filed its Form 10-K for the year ended December 31, 2011 with the Securities and Exchange Commission, and investors are encouraged to visit www.sec.gov to review this document, which includes financial tables and additional detail for the year ended December 31, 2011.
FIREFISH INCORPORATED (OTCBB: FRFS)
"Up 57.14% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/FRFS.php
Firefish is the mobile advertiser of choice in India due to our very large and highly segmented database. Firefish also offers educational services comprising of educational competitions, certification programs.
May 29 - Firefish Selected for Mobile Education App Creation by Pratham
Firefish, Inc. (OTCBB: FRFS), provider of mobile advertising and education services in India, announced that it has been selected as the developer and manager for mobile education apps by the Pratham Education Foundation (Pratham). Pratham is India's largest education non-governmental agency.
Madhav Chavan, CEO, Pratham, said, "Mobile educational apps are a great way to use technology to teach children. The industry is rapidly growing driven by the increasing penetration of inexpensive tablet computing devices. Firefish is the natural choice for this program because of their expertise in mobile technologies and focus on education services."
ECO BUILDING PRODUCTS INCORPORATED (OTCBB: ECOB)
"Up 17.82% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/ECOB.php
Eco Building Products, Inc. is a manufacturer of proprietary wood products treated with an eco-friendly proprietary chemistry that protects against fire, mold/mycotoxins, fungus, rot-decay, wood ingesting insects and termites with ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco Building products, "Eco Red Shield", "Eco Blue Shield" & "Eco Clear Shield" utilizing patent pending technology is the ultimate in wood protection, preservation, and fire safety to building components constructed of wood; from joists, beams and paneling, to floors and ceilings.
June 7 - Eco Red Shield the Product of Choice by T.R. Wurster Construction Company
The Greenbridge Project located in Los Angeles County Chooses Eco Red Shield™ Protection
Eco Building Products, Inc. (OCBB: ECOB) announced that the Company has been awarded another custom home order by T.R. Wurster Construction Company, Inc. to supply Eco Red Shield™ protected lumber. The Greenbridge Project located in Los Angeles County represents another six figure order of gross revenues to the Company. Jonathan Wurster, the principal of the Construction Company, has utilized Eco Red Shield protected lumber on several of his past custom home projects. Based upon his experience and commitment to Eco Red Shield technology he passionately includes protected lumber in all of his custom home bids.
The contract calls for shipment of the Engineered Wood Products (EWP) and Panels to be shipped within sixty days with the balance shipping in concert with the progress of the project. Jonathan Wurster indicated that the homeowner once educated on the lumber protection from mold, wood rot decay, termites and value added fire the choice was an easy decision.
"Jonathan Wurster first utilized Eco Red Shield protected lumber several jobs ago. At first he was cautious, however knowing today's potential issues with lumber products and the concept of ECOB's technology he took a chance on the first job. Soon after his first experience he fell in love with our product and services. Now Jonathan strongly advises his clients to use protected lumber," stated Steve Conboy, President and CEO of Eco Building Products. There are very few pioneers in the construction industry. T.R. Wurster Construction is one of the first large custom home construction companies to go red, added Conboy.
ABOUT T.R. WURSTER CONSTRUCTION COMPANY, INC.
Established in 1974 and incorporated in 1986, T.R. Wurster Construction has been the premier custom wood framing specialist in the Los Angeles area for over 35 years. While our focus is in the West Los Angeles Area, we have worked as far north as Santa Barbara, northeast to Mammoth Lakes, Newport Beach to the South, and Kona, Hawaii to the West. Founded by a second generation framer, and complemented by a third generation, T.R. Wurster Construction remains a family owned and operated business. Due to our outstanding level of integrity, quality, and service, we have retained many of our employees, suppliers, and clients for decades. Within our company we have accumulated a large pool of equipment, wisdom, and experience to draw from, which ends up benefiting our clients. If you can dream of it, chances are we have done it.
NX GLOBAL INCORPORATED (OTCBB: NEGS)
"Up 100.00% on Monday"
Detailed Quote: http://www.otcpicks.com/quotes/NEGS.php
NX Global, Inc. engages in renewable energy activities in the United States. It operates in three divisions: Renewable Energy Project Management, Renewable Energy Product Sales, and Green Internet Technologies. The Renewable Energy Project Management division provides project management and marketing services to solar/thermal, bio-fuels, and waste to energy project owners. Its projects include bio-fuel from algae and from pyrolisis of tires, pyrolisis of municipal solid waste to energy, and combination operations of solar/thermal and animal waste pyrolisis. The Renewable Energy Product Sales division markets products produced from the other divisions, such as algae oil for fuel and its biomass for nutraceutical and animal feed to recyclers and other businesses, as well as lighting and water systems for commercial structures. The Green Internet Technologies Service and Training division offers green social networking products and services, and training for new technology development and certification in the virtualization and cloud computing markets. The company was founded in 1995 and is based in Austin, Texas.
No recent news for NX Global, Inc. (OTCBB: NEGS).