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OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report
for Tuesday, November 18th PGOG, TSLI, QMCI, IDMI, BCND, SPSN
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:18112008
Our Stocks to Watch today include Perf Go Green Holdings, Inc. (OTCBB:
PGOG), TapSlide Inc. (OTCBB: TSLI), QuoteMedia Inc. (OTCBB: QMCI), IDM
Pharma Inc. (Nasdaq: IDMI), Beacon Redevelopment Industrial Corp. (OTC:
BCND) and Spansion Inc. (Nasdaq: SPSN).
Visit http://www.otcpicks.com to register for our Daily Market Mover's
Digest Newsletter and Email Stock Watch Alerts.
PERF GO GREEN HOLDINGS INCORPORATED (OTCBB: PGOG)
Detailed Quote: www.otcpicks.com/quotes/PGOG.php
Company Profile: http://www.otcpicks.com/perf-go-green/perf-go-green.htm
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.
PGOG News:
November 18 - Perf Go Green Expands Distribution to United Hardware
Distributing Company
Retail Network Encompasses More Than 1,200 Stores; Full Line of Perf Go
Green Products to be Sold
Perf Go Green Holdings, Inc. (OTCBB: PGOG) ("Perf Go Green'')
(www.perfgogreen.com), a marketer and distributor of biodegradable
plastics, today announced a distribution partnership with United
Hardware Distributing Company. A full-line wholesale hardware
distributor, United services more than 1,200 retail stores in 18 states
and had sales of more than $170 million in 2007.
"United offers a great opportunity for Perf Go Green to bring our
environmentally friendly products to a whole new set of customers,''
commented Chairman and CEO Tony Tracy. "We're especially pleased that
United will carry our full line of products, including household and
commercial bags, plastic drop cloths and pet products. All in all,
United is stocking nine different Perf Go Green items, each one of
which offers households and business the opportunity to reduce their
environmental footprint.''
United Hardware Distributing Company, which has developed a dominant
presence in the upper-Midwest, provides a wide range of products,
retail programs, and support services to independent retailers.
Headquartered in Plymouth, Minnesota, the company is 100% owned by its
member-dealers, located in 18 states. United services its members from
a 400,000 square foot distribution center located in Milbank, South
Dakota. The distribution center stocks a complete merchandise
assortment of more than 55,000 items.
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. Perf Go Green -
whose products are now available online and nationwide at approximately
15,000 retail outlets - is proud to be part of the nation's "go green''
movement, which is poised to become a $500 billion market by 2009,
according to Landor Associates.
Perf Go Green products incorporate recycled plastics that are combined
with an Oxo-Biodegradable proprietary application method to produce the
film for its bags. Based on environmental claims statements made by the
manufacturer of the Oxo-Biodegradable applied to our bags, when
discarded in soil and exposed to the presence of microorganisms,
moisture and oxygen, we believe Perf Go Green products biodegrade
within two years, decomposing into simple materials found in nature
much faster than regular plastics, which can take hundreds of years to
break down. Through this process and the use of recycled plastics, Perf
Go Green effectively removes plastic waste from the environment. In
addition, Perf Go Green trash bags utilize a unique patented dispensing
system that stores the bags on the bottom of trashcans and dispenses
them one at a time, similar to a tissue box.
TAPSLIDE INCORPORATED (OTCBB: TSLI)
Detailed Quote: http://www.otcpicks.com/quotes/TSLI.php
Company Profile: http://www.otcpicks.com/tapslide.htm
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.
TSLI News:
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.
QUOTEMEDIA INCORPORATED (OTCBB: QMCI)
Detailed Quote: http://www.otcpicks.com/quotes/QMCI.php
Company Profile: http://www.otcpicks.com/quotemedia/quotemedia.htm
QuoteMedia, Inc. is a leading software developer and provider of
real-time streaming financial market information, decision-support,
news and research solutions to brokerage, financial services companies,
business and media corporations. Among its many leading-edge products
lines, the Company offers data feeds, news, dynamic market content
solutions, interactive stock research tools, financial applications and
real-time wireless applications. QuoteMedia provides data and services
for companies such as the NASDAQ, the OTCBB, Dow Jones & Company,
Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal
Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM
Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's
Investment Research, Automated Financial Systems, WallStreet*E, and
others. For more information, visit www.quotemedia.com.
QMCI News:
November 17 - QuoteMedia Reports 26% Increase in Revenue for Q3 2008;
and 33% Increase for Comparative 9 Month Period
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and
financial applications, announced financial results for the three and
six months ended June 30, 2008. These results reflect a 30% increase in
second quarter revenues, to $1,724,396 from $1,331,405 in the
comparative period in 2007. Revenue for the six months ended June 30,
2008 increased 37%, to $3,412,071 from $2,492,105 in the comparative
period in 2007. At June 30, 2008 the Company's cash balance was
$463,214, an increase of $105,898 from the balance at December 31,
2007. Net cash provided by operating activities was $377,428 for the
six months ended June 30, 2008; this represents an $875,428 increase in
cash generated from operations, when compared to the $598,000 that was
used in operating activities in the comparative period.
"The significant revenue growth during the quarter resulted from
increased sales of our Interactive Content and Data Applications as
well as from increased subscriptions to our Quotestream product line,"
says Keith Guelpa, president of QuoteMedia, Inc. "This is our 21st
consecutive quarter of revenue growth, reflecting the strong continuing
market penetration of our full line of financial data products and the
increasing depth of our data offerings, which now cover over 70
exchanges worldwide.
"During the second quarter, QuoteMedia continued to build on the
revenue growth momentum that has been building since 2007. We furthered
our introduction of Quotestream II to the market, the new generation of
our portfolio management system, with enhanced features and
functionality. The Company also continued its early release of
Quotestream Professional. Where Quotestream II is geared towards
providing a professional level experience to non-professional users,
Quotestream Professional is designed specifically for use by financial
services professionals, offering unparalleled functionality at
extremely aggressive pricing.
"Our second quarter was also significant in that much of the groundwork
was laid for developments that are coming to fruition now. One example
is our announcement earlier this week of our enterprise agreement with
Penson Worldwide Inc. Penson is a global provider of execution,
clearing, custody, settlement and technology infrastructure products to
the financial services sector. Under this agreement Penson will
integrate QuoteMedia offerings into platforms that it provides to its
nearly 300 correspondent financial services firms. As well, Penson will
offer its clients Quotestream Pro and Quotestream II. Also, earlier
this month we announced that Mr. James Kelly joined the Company. He is
a senior sales executive who brings a wealth of knowledge and
successful experience to QuoteMedia, particularly in the financial
services professional market to which Quotestream Professional is
targeted. Mr. Kelly joins Mr. George Katsch in our New York office.
Founded on marketing developments such as these and others, and our
performance record, we expect that our customer base will continue to
expand dramatically and that our trend of strong revenue increases,
quarter over quarter, will continue into the foreseeable future.
"We remain focused on our revenue growing strategies," says Guelpa.
"Our plan of operation for the remainder of 2008 continues to focus on
marketing Quotestream II for deployments by brokerage firms to their
clients, and moving with increasing strength into the investment
professional market with Quotestream Professional. We also plan to
continue the market penetration of our Data Feed Services, which is a
particularly fertile segment of our product line. We will also continue
to license our Quotestream Wireless applications and add new data
content to expand our line of Interactive Content and Data
Applications."
"As previously forecasted, and consistent with our focus on expansion,
we experienced a loss for the quarter of $360,758 compared to a loss of
$424,902 in the comparative period. For the six months ended June 30,
2008 we incurred a loss of $715,677 compared to a loss of $796,987 in
the comparative period. While we expect that we will continue to incur
losses in the short term, we expect our monthly revenues will continue
to rise significantly in 2008 and overtake the increased cost
commitments that we have undertaken to support our rapid development.
Our improvement in gross margin rates to 57% reflects the stabilization
of our fixed cost structures while revenues continue to increase. We
expect our costs of revenue to continue to reduce as a percentage of
revenues generated. We are very pleased with our progress to date, and
we believe that we are on target to meet our near and long term
objectives," says Guelpa.
IDM PHARMA INCORPORATED (NASD: IDMI) "Up 69.03% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IDMI.php IDM Pharma,
Inc., a biopharmaceutical company, engages in the development of
products to treat and control cancer. It develops product candidates to
destroy residual cancer cells and to stimulate an immune response and
prevent tumor recurrence. The company's products include
L-MTP-PE/MEPACT, a Phase 3 clinical trial completed liposomal
muramyl-tripeptide phosphatidylethanol- amine, for the treatment of
osteosarcoma; BEXIDEM, a Phase 2 clinical trial completed product for
the treatment of bladder cancer; UVIDEM, a Phase 2 clinical trial
dendritophage and melanoma tumor cell lysates product, for the
treatment of melanoma; IDM-2101, a multiple tumor-associated CTL
epitopes Phase 2 clinical trial product, for the treatment of non-small
cell lung cancer; and COLLIDEM, a Phase 1/2 dendritophages and tumor
associated antigen peptides product, for the treatment of colorectal
cancer. It has operations in the United States and France. IDM Pharma
has collaboration agreements with sanofi-aventis S.A; Medarex, Inc.;
GenPharm International, Inc.; Novartis; and Biotecnol S.A. It also has
intellectual property licensing and framework agreement with Institut
de Recherche Pierre Fabre and Pierre Fabre Medicament S.A. The company
was incorporated in 1987 and is based in Irvine, California.
IDMI News:
November 18 - IDM Pharma Receives Recommendation for Approval of
Mifamurtide (MEPACT , L-MTP-PE) for the Treatment of Patients with
Non-Metastatic, Resectable Osteosarcoma in Europe from the Committee
for Medicinal Products for Human Use (CHMP)
IDM Pharma, Inc. (Nasdaq: IDMI) announced that the Committee for
Medicinal Products for Human Use (CHMP) of the European Medicines
Agency (EMEA) has issued a positive opinion, recommending grant of a
centralized marketing authorization for mifamurtide (L-MTP-PE), known
as MEPACT in Europe, for the treatment of patients with non-metastatic,
resectable osteosarcoma, a rare and often fatal bone tumor that
typically affects children and young adults. The CHMP recommendation
will be adopted at the next CHMP meeting in December with final
European Commission approval expected within 60 to 90 days thereafter.
Granting of the centralized marketing authorization will allow L-MTP-PE
to be marketed in the 27 Member States of the European Union (EU), as
well as in Iceland, Liechtenstein and Norway. L-MTP-PE would be the
first approved new treatment in more than 20 years for patients with
osteosarcoma. L-MTP-PE was granted orphan medicinal product status in
Europe in 2004. Therefore, under European pharmaceutical legislation,
L-MTP-PE is entitled to a period of 10 years market exclusivity in
respect of the approved indication.
"The recommendation for approval by the CHMP is a great victory for
many young patients and their families and is a significant step for
the Company in bringing this important treatment to market," said
Timothy P. Walbert, president and chief executive officer, IDM Pharma.
"The Committee's decision validates the clinical trial data and the
belief of investigators, patients and IDM Pharma that L-MTP-PE provides
a significant overall survival benefit for osteosarcoma patients and
meets a significant unmet treatment need."
The positive opinion was based in large part on the Phase 3 L-MTP-PE
trial (INT-0133), a National Cancer Institute (NCI) funded cooperative
group study conducted by the Children's Oncology Group (COG) and the
largest study completed in osteosarcoma, enrolling approximately 800
patients. The study was designed to evaluate patient outcomes with the
addition of L-MTP-PE to three- or four-drug adjuvant chemotherapy
(cisplatin, doxorubicin, and methotrexate with or without ifosfamide).
Overall survival after six years of follow-up in patients treated with
chemotherapy and L-MTP-PE was 78 percent, compared to 70 percent in
patients treated with chemotherapy (p=0.03) alone. The addition of
L-MTP-PE to chemotherapy resulted in approximately a 30 percent
decrease in the risk of death.
Treatment with L-MTP-PE was generally well tolerated in all phases of
clinical development. Adverse events were mild to moderate in severity
and included chills, fever, nausea, vomiting, myalgia, headache,
tachycardia (fast heart rate), hypo- and hypertension, fatigue and
shortness of breath, all of which are consistent events with the
activation of monocytes and macrophages by L-MTP-PE and the flu-like
symptoms that follow cytokine release. These side effects are readily
prevented or treated with acetaminophen.
If approved by the European Commission, it is anticipated the Company
would conduct certain post-authorization studies or analyses to address
follow up questions about L-MTP-PE.
L-MTP-PE U.S. Regulatory Status
As previously announced, in the United States the Company continues to
work with the COG as well as external experts and advisors to gather
patient follow up data from the Phase 3 clinical trial of L-MTP-PE and
to respond to other questions in the non-approvable letter the Company
received from the U.S. Food and Drug Administration (FDA). The Company
expects to submit the amended New Drug Application (NDA) in the first
quarter of 2009 given the recent focus on completing review activities
for the Marketing Authorization Application (MAA) in the European Union.
L-MTP-PE was granted orphan drug status in the United States in 2001
and the NDA was submitted to FDA in October 2006 and was accepted for
review in December 2006.
ABOUT OSTEOSARCOMA
Between two and three percent of all childhood cancers are
osteosarcoma. Because osteosarcoma usually develops from osteoblasts,
it most commonly affects children and young adults experiencing their
adolescent growth spurt. Boys and girls have a similar incidence rate
until later in their adolescence, when boys are more commonly affected.
While most tumors occur in larger bones, such as the femur, tibia, and
humerus, and in the area of the bone that has the fastest growth rate,
they can occur in any bone. The most common symptom is pain, but
swelling and limited movement can occur as the tumor grows.
Osteosarcoma is an orphan disease with fewer than 1,000 new cases
diagnosed in the United States each year. A similar incidence of the
disease exists in Europe. According to the Children's Oncology Group,
the survival of children with osteosarcoma has remained at 60-65
percent since the mid-1980s. The standard treatment for osteosarcoma is
tumor resection with combination chemotherapy before and after surgery.
BEACON REDEVELOPMENT INDUSTRIAL (OTC: BCND) "Up 33.33% in morning
trading"
Detailed Quote: http://www.otcpicks.com/quotes/BCND.php
Beacon Redevelopment Industrial Corporation specializes in acquiring
undervalued properties that offer the potential for above average
return on investment along with multiple assets and development ability
at distressed prices, the properties must offer recyclable/salvageable
materials, energy resources or mineral rights along with the potential
for redevelopment and or desirable development potential; the company
also seeks along with the above for mentioned, properties that have the
possibility for governmental grants, tax rebates or deferments as part
of their criteria for acquisition.
BCND News:
November 17 - Beacon Redevelopment Industrial Corporation Enters
Negotiations with Dominion Resources
Beacon Redevelopment Industrial Corporation (OTC: BCND) announced that
it entered into negotiations with Dominion Resources, Inc. pertaining
to their use, since 1986, of the Westmoreland Glass Factory as a
natural gas storage facility and gas well.
In 1954, the former owners of the glass factory in Grapeville,
Pennsylvania, signed agreements allowing the predecessor of Dominion
Resources to use the property as a gas storage facility and to operate
a gas well.
The agreements expired upon sale of the property. Specifically, both
agreements state, "In case of sale of part or whole of the premises,
this permit shall become null and void." In 1986, Westmoreland
Warehouse and Industrial Building, Inc., purchased the Westmoreland
Glass Factory, rendering all permits expired.
Upon investigating the natural gas holdings on the facility, Beacon's
experts determined that the storage facility and gas well continued to
operate unbeknownst to the company. Beacon entered into negotiations
with WWIB's successor and acquired an assignment of all prior rights to
the use of the property and the gas beginning in 1986 and continuing
through the present.
In mid-2008, Beacon contacted Dominion regarding the situation. In
September 2008, Beacon sent Dominion a formal demand. In November 2008,
Beacon's management began negotiations with Dominion for compensation
regarding the apparent use of the property and resources for 22 years,
and to determine whether to grant an easement. As the negotiations
continue, Beacon's natural gas experts will conduct the research
necessary to determine if the compensation is fair to the company's
shareholders.
"This is a significant situation that could provide a large capital
infusion to Beacon's companies. I look forward to continuing my
discussions with Dominion to resolve 22 years of the use of the
property and its resources, and to create an agreement that resolves
the issues," Beacon's President, Adam Marek, said. The company could
not comment further due to the nature of the ongoing negotiations.
SPANSION INCORPORATED (NASDAQ: SPSN) "Up 10.70% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SPSN.php
Spansion is a leading Flash memory solutions provider, dedicated to
enabling, storing and protecting digital content in wireless,
automotive, networking and consumer electronics applications. Spansion,
previously a joint venture of AMD and Fujitsu, is the largest company
in the world dedicated exclusively to designing, developing,
manufacturing, marketing and selling Flash memory solutions. Spansion ,
the Spansion logo, MirrorBit , MirrorBit Eclipse, ORNAND, ORNAND2,
HD-SIM, Spansion EcoRAM and combinations thereof, are trademarks of
Spansion LLC in the U.S. and other countries. Other names used are for
informational purposes only and may be trademarks of their respective
owners.
SPSN News:
November 17 - Spansion Sues Samsung in One of Technology Industry's
Largest Patent Infringement Suits
ITC and U.S. District Court cases could block importation of millions
of the most popular mp3 players, cell phones and digital cameras
Spansion Inc. (Nasdaq: SPSN), the world's leading pure-play provider of
Flash memory solutions, today announced that it is filing two separate
patent infringement complaints against Samsung with the International
Trade Commission and in the U.S. District Court in Delaware. In one of
the largest patent infringement claims ever filed, Spansion is seeking
the exclusion from the U.S. market of well over one hundred million mp3
players, cell phones, digital cameras and other consumer electronic
devices containing Samsung's infringing flash memory components. The
complaint in the US District Court in Delaware also seeks an injunction
and treble damages for patent violations relating to Samsung Flash
memory, that Spansion estimates has accounted for more than $30 billion
in Samsung's global revenues since 2003.
"Samsung's infringement of our intellectual property not only harms
Spansion, but it threatens the foundation of technology innovation,"
said Dr. Boaz Eitan, executive vice president, Spansion, CEO of Saifun.
Flash memory, which retains data in devices when the power is turned
off, is found in virtually all electronic devices and is one of the
largest segments of the semiconductor industry, with nearly $130
billion in total revenues since 2000.
The Spansion patents named in these law suits are fundamental to
floating gate technology, which is the foundation for approximately 90
percent of the Flash memory market. Spansion is also leading the
industry with MirrorBit, a charge-trapping technology, that represents
a growing share of the Flash memory market and is expected to replace
floating gate technology in the future. Flash memory companies
including Samsung have publicly announced their plans to transition to
charge-trapping type technologies for their future generation products.
"Spansion has patents that are fundamental to Flash memory. Samsung
itself has cited these patents many times in its own patent filings,
underscoring industry acceptance of the fundamental nature of
Spansion's IP," said Robert Melendres, executive vice president and
General Counsel for Spansion. "Spansion will vigorously protect its
intellectual property and is entitled to be compensated by Samsung for
its use of our IP."
The acquisition of Saifun Semiconductor earlier this year expanded
Spansion's IP portfolio and was a key milestone in Spansion's strategy
to create a major licensing business, and generate new streams of
significant revenue with very high margins.
"The combination of Spansion and Saifun's patent portfolio is the
foundation for Spansion's transformation into a licensing leader," said
Eitan. "As the industry transitions to charge-trapping technologies,
Spansion is in a strong position to be the technology provider at the
core of the future Flash memory market."
Although Samsung is the target of the litigations, Spansion is required
to name the manufacturers of downstream products containing Samsung's
infringing devices in its ITC complaint. Companies named in the ITC
case include: Samsung, Apple, Asus, Kingston, Lenovo, PNY, RIM, Sony,
Sony-Ericsson, Transcend, some of their subsidiaries and third party
manufacturing companies.
With $2.5 billion in revenue in 2007, U.S.-based Spansion is now the
third largest provider of Flash memory in the world, behind Korea-based
Samsung and Japan-based Toshiba. A long-time technology innovator and
one of only three major U.S. Flash memory suppliers, Spansion has
invested approximately $2 billion in research and development and holds
3000 patents and patent applications.
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that statements contained herein that look forward in time which
include everything other than historical information, involve risk and
uncertainties that may affect the company's actual results of
operation. Factors that could cause actual results to differ include
the size and growth of the market for the company's products, the
company's ability to fund its capital requirements in the near term and
in the long term, pricing pressures, unforeseen and/or unexpected
circumstances in happenings, pricing pressures, etc. Investing in
securities is speculative and carries risk. Past performance does not
guarantee future results.
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OTCPicks.com and newsletter may provide hyperlinks to third party
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that OTCPicks.com is not responsible for any content, associated links,
resources, or services associated with a third party site. You further
agree that OTCPicks.com shall not be liable for any loss or damage of
any sort associated with your use of third party content. Links and
access to these sites are provided for your convenience only.
CONTACT: Brian Dean, Publisher, OTCPicks.com
Tel: +1 972 546 3740
e-mail: publisher@otcpicks.com
((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
info@m2.com)).
Copyright ? 2008 M2 Communications Ltd.
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