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OTC Stock Review: Stocks in Motion for Tuesday, October 07, 2008 are Optibase Ltd., G&K Services Inc., I-many, Inc., and Mesa Air Group Inc.(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:07102008 Optibase Ltd. (NASDAQ: OBAS), a leading provider of advanced digital video solutions, announced today that its advanced encoders were selected by UTStarcom (NASDAQ: UTSI), a global leader in IP-based, end-to-end networking solutions and services, as part of an integrated IPTV solution to United Telecoms Ltd., Bangalore, that was chosen to supply and implement Goa Broadband Network. UTStarcom's RollingStream advanced IPTV solution, incorporating Optibase's H.264 streaming platforms, will provide Goa's citizens top broadcast quality TV and advanced on-demand entertainment services over IP networks. This deployment by United Telecoms represents another strategic project for UTStarcom and Optibase in India, one of the world's largest IPTV markets. It further solidifies Optibase's position as the market leader in India, serving three major Telco providers: Aksh Optifibre Limited, Time Broadband Services and Bharti Airtel Limited. G&K Services Inc. (NASDAQ: GKSR), which makes and rents workplace uniforms, said Tuesday it will cut jobs and close plants in a move to reduce costs amid a difficult economic environment. The company has closed or plans to close three processing plants and two branch locations, cut an undisclosed number of jobs at U.S. and Canadian corporate locations and outsource some plant functions. The restructuring moves will cost $2.5 million and eventually result in pretax savings of about $3.5 million to $4.5 million, according to the company. Minneapolis-based G&K said reductions in customer employment levels, higher energy costs and increasing prices for operating items such as textiles, freight and hangers are hurting results. The company also increased its reserve for environmental matters by $4.5 million and established a reserve of about $3.5 million for recent changes in compensation laws. Both changes will hurt fiscal first-quarter earnings by about 42 cents per share, and the company lowered its first-quarter guidance accordingly. I-many, Inc. (NASDAQ: IMNY), a leading provider of contract management software and services for the enterprise, will hold a conference call on Thursday, October 30, 2008, at 4:30 p.m. Eastern Time to discuss results for the third quarter ended September 30, 2008. Financial results will be issued in a press release after the close of the market the same day. I-many Chairman, President and CEO John A. Rade and CFO Kevin M. Harris will host the presentation, followed by a question and answer period. Date: Thursday, October 30, 2008 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) Dial-In Number: 1-800-894-5910 International: 1-785-424-1052 Conference ID#: 7IMANY The call is also being webcast, and will be accessible via I-many's investor section at www.imany.com. Mesa Air Group Inc. (NASDAQ: MESA) said on Tuesday it has reached a tentative agreement with its pilots. Mesa and the pilots said in a joint statement that rank-and-file voting on the tentative agreement is expected to begin in mid-November, with results by the end of the month. Mesa's nearly 1,200 pilots are represented by the Air Line Pilots Association. The deal was made after 10 months of negotiations. Mesa and the pilots said the agreement would resolve scheduling issues between the airline and its aviators. Mesa flies under its own name in addition to flying for Delta Air Lines Inc., US Airways Group Inc. and UAL Corp.'s United Airlines. OTC Stock Review is not a Registered Investment Advisor or Broker/Dealer. The information in this newsletter is for informative purposes, not intended as investment advice, not an offer to buy or sell securities of the companies profiled, and is subject to change without notice. Officers, directors, and employees of OTC Stock Review, may hold a long or short equity position of a profiled company and trade in these securities for their own accounts. Information is from public releases and can not be guaranteed by OTC Stock Review. Companies profiled may carry a high investment risk; readers should review profiled companies thoroughly with their investment advisor, stockbroker, or other such professional. OTC Stock Review is not liable for any investment decisions by its readers or their advisors. Any analysis contained herein does not purport to be a complete analysis and reader's are encouraged to obtain copies of the profiled Company's periodic reports filed with United States Securities and Exchange Commission which are generally available at http://www.sec.gov or http://www.sedar.com for Canadian companies. CONTACT: David Kugelman, OTC Stock Review Tel: +1 866 692 6847 e-mail: [email protected] ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright ? 2008 M2 Communications Ltd. |