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OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, November 20th PGOG, MVSR, VNDA, SMAS
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:20112008
Our Stocks to Watch today include Perf Go Green Holdings Inc. (OTCBB:
PGOG), Medivisor Inc. (OTC: MVSR), Vanda Pharmaceuticals Inc. (Nasdaq:
VNDA) and Somatic Systems Inc. (OTC: SMAS).
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 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.
MEDIVISOR INCORPORATED (OTC: MVSR)
Detailed Quote: www.otcpicks.com/quotes/MVSR.php
Company Profile: http://www.otcpicks.com/medivisor/medivisor.htm
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.
MVSR News:
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."
VANDA PHARMACEUTICALS INCORPORATED (NASDAQ: VNDA) "Up 10.29% in morning
trading"
Detailed Quote: http://www.otcpicks.com/quotes/VNDA.php
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on
the development and commercialization of clinical-stage product
candidates for central nervous system disorders.
VNDA News:
November 20 - FDA Accepts Vanda Pharmaceuticals Iloperidone
Resubmission and Sets New Action Date
Vanda Pharmaceuticals Inc. (Nasdaq: VNDA), a biopharmaceutical company
focused on the development and commercialization of clinical-stage
product candidates for central nervous system disorders, reported that
the FDA has accepted Vanda's resubmission of the iloperidone New Drug
Application (NDA).
Vanda's resubmission was a Complete Response to the not approvable
action letter that the company received on July 25, 2008. The FDA has
indicated that it has accepted the Complete Response for review and has
set a new target action date of May 6, 2009.
SOMATIC SYSTEMS INCORPORATED (OTC: SMAS)
Detailed Quote: http://www.otcpicks.com/quotes/SMAS.php
Somatic Systems is the worldwide center for Clinical Somatics, the
groundbreaking drug-free, non-surgical approach to pain relief. This
proprietary system uses natural, non-invasive movement techniques -
conducted through one-hour hands-on sessions, therapeutic exercises
classes, and home exercises lasting as little as 5 minutes a day - to
relieve pain and limitation resulting from accident, trauma and
repetitive stress, including back pain, knee pain, joint problems,
carpal tunnel syndrome, TMJ, scoliosis, bursitis, sciatica, headaches,
tendonitis and more. Clinical Somatics also provides performance gains
and injury prevention for casual and professional athletes. Somatic
Systems is pursuing a 3-part growth strategy, consisting of a
nationwide rollout of pain management Somatics Clinics; increased
production and distribution of therapeutic videos, books, and other
retail self-help Somatics Products; and expanded Somatics Training
Programs to supply Clinic practitioners serving medical and orthopedic
professionals and institutional and corporate programs. The company
operates a suite of web sites offering Somatics information, products,
resources, and opportunities at www.somatics.org.
SMAS News:
November 20 - Somatic Systems, Inc. Registered With the Department of
Defense Contractor Registry
Somatic Systems, Inc. (OTC: SMAS) announced that it has been registered
with the United States Government's Central Contractor Registration
(CCR) as a healthcare service, and assigned its own commercial
identification code by the United States Department of Defense. The CCR
registers all contractors for the Department of Defense, and CCR
registration is a critical requirement for any vendor to do business
with the Department of Defense.
The Registration is a significant stage in the work for Somatic Systems
to become fully approved providers for the military and Veterans
Affairs, enabling Clinical Somatics treatment of all active and retired
military personnel, family, dependents, and survivors to be paid for by
the military.
The Department of Defense will only conduct business with vendors
registered in the CCR. Furthermore, the CCR in turn serves as a
registry if a vendor wishes to provide services to the Federal
government, enabling Somatic Systems to seek other government contracts
and opportunities.
The CCR is a centralized, single point of entry for the Department of
Defense, and disseminates contractor data to all federal agencies in
service of government ventures. The CCR shares its information with the
SBA and several electronic business systems. Additionally, portions of
the CCR database are open to the public, and the CCR can be used by
both Government and corporate buyers to identify potential business
vendors and service providers. The CCR also securely provides the
military and federal government agencies with the vendor's data
relevant to procurement and payment.
Somatic Systems' Registration by the Department of Defense and Federal
Government became effective midday yesterday.
AAFES Registration
Earlier this week, Somatic Systems was also listed with the Army & Air
Force Exchange Service (AAFES), an agency of the Department of Defense
charged with providing high quality products and services affordably.
Listing with AAFES means that when there is a requirement for the
categories of health care services that Somatic Systems provides, AAFES
will find Somatic Systems and can contact them. The AAFES operates more
than 3,000 facilities worldwide, in more than 30 countries, five U.S.
territories and 49 states; AAFES revenues last year totaled $9.7
billion.
The Military Chronic Pain Crisis Somatic Systems has been working to
obtain contracts and its proprietary Clinical Somatics pain-care
services for US military hospitals and the Veterans Administration. In
addition to seeking in-house arrangements at bases and facilities, the
company also announced that it is preparing to rollout multiple clinics
at military base locations throughout the US, to provide easy access to
Clinical Somatics services at a time when the US military is strongly
seeking satisfactory pain treatment solutions such as Clinical Somatics
-- and following a wave of legislation including the Military Pain Care
Act of 2008, which requires the Department of Defense, Veterans
Affairs, and Health and Human Services and the Surgeon General of the
United States to implement and maintain a pain care initiative in all
military health care facilities and for all active and retired military
personnel, dependents, and survivors.
Nearly 26 million living Americans have served in the military, and
pain is the most common symptom and cause of disability amongst
veterans, with more than 40% of returning service members reporting
musculoskeletal pain-related problems and symptoms. Additionally,
long-term sufferers as well as family members and other dependents of
all ages also face pain and other musculoskeletal problems; and this
population totals over 70 million people, served by the Veterans
Administration. In the face of this, military officials, medical
authorities, and government officials have reported frustration that
the military does not yet have a satisfactory pain care program in
place.
"We are very excited by this accomplishment," stated Somatic Systems
CEO Steven Aronstein. "Only a few weeks after completing our month of
discussions with military officials about providing our much needed
Clinical Somatics pain-care services, we are moving forward quickly
towards our goal of helping the men and women and families in every US
military hospital and VA health facility across the nation."
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