Our Stocks to Watch today include Spongetech Delivery Systems (OTCBB: SPNG), Vsurance Inc. (OTCBB: VSUR), Global Water Techs (OTC: GWTR), Panacos Pharma Incorporated (NASD: PANC), Americhip Intl Inc. (OTCBB: ACII), IT Group Holdings (OTCBB: ITGL)
SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)
Detailed Quote: http://www.otcpicks.com/quotes/SPNG.php
Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm
SpongeTech Delivery Systems (OTCBB: SPNG) is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.
October 26 - Spongetech Delivery Systems President & CEO Michael Metter to Appear on MoneyTV
MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures.
Free information packages from the featured companies can be requested by sending an email to email@example.com.
The television program can also be viewed online immediately at www.moneytv.net.
Featured companies on this week's program include:
USA Video Interactive Corp (OTCBB: USVO) Business Development executive Patrick Gregston spoke of the piracy of digital media and the company's SmartMarks solution, a product that embeds a watermark on each frame, "so that the crooks can be traced."
Seamless Wi-Fi, Inc. (OTCBB: SLWF.OB) CEO Al Reda demonstrated the company's S-XGen hand held computer, which features a nearly full sized keyboard, GPS, PDA and cell phone.
Indymac Bank's Mortgage Minute Guy Roger Schlesinger discussed the anticipated rate cut from the Federal Reserve.
Spongetech Delivery Systems, Inc. (OTCBB: SPNG) President & CEO Michael Metter explained in detail a recent press release issued by the company.
Itronics, Inc. (OTCBB: ITRO) CEO John Whitney announced a gold information web site, insidemetals.com.
Viewers of MoneyTV can receive free information in the mail about featured companies by calling the toll-free phone number on their TV screen. The weekly television program debuted in 1996 and is broadcast nationally in the USA to 70 million U.S. homes on Saturdays at 11:00 AM ET, Sundays at 8:30 AM PT, 8:30 AM ET, 9:30 AM ET, 3:30 PM ET and Mondays at 6:30 PM ET.
MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 5:00 PM.
MoneyTV is also broadcast on UPN-TV in the Virgin Islands and Puerto Rico Sundays at 8:00 AM.
MoneyTV is also available in Thailand on the Broad TV Network.
A complete menu of TV listings is available at the MoneyTV web site, http://www.moneytv.net.
VSURANCE INC (OTCBB: VSUR)
Detailed Quote: http://www.otcpicks.com/quotes/VSUR.php
Company Profile: http://www.otcpicks.com/vsurance/vsurance.htm
Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP™ Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD™, Spot the Pet™, and Purrfect Pet Club™. Programs include life, liability, and health insurance for pets, horses, and other companion animals.
October 25 - Leading Independent Research Firm IDTechEX Reports Market for Radio Frequency Identification (RFID) of Animals, Food, and Farming to Reach $9.4 Billion by 2017
Vsurance, Inc. (OTCBB: VSUR) a leading provider of pet health insurance reported that IDTechEX, the leading independent research and consulting firm specializing in RFID technology, published findings that the market for Radio Frequency Identification (RFID) of Animals, Food, and Farming will reach $9.4 Billion by 2017, making it the largest market for RFID technology.
The comprehensive 253-page report included 45 case studies and was written and spearheaded by Dr. Peter Harrop PhD, Chairman of IDTechEx Ltd. A recognized expert on RFID, Dr. Harrop has authored 14 books on various technical subjects and currently lectures internationally on RFID, smart labels, printed/organic electronics, and smart packaging.
Vsurance entered this burgeoning RFID industry yesterday through the acquisition of Animal-ID, an Arkansas-based company that provides livestock producers, feedlot owners, and others with easy-to-use inventory control, tracking and management tools.
“The report by IDTechEX illustrates the tremendous market opportunity for RFID technology over the next ten years and beyond,” commented Russell Smith, CEO of Vsurance, Inc. “As the animal population continues to grow, the need for RFID technology will increase correspondingly. With our recent acquisition of Animal-ID with its RFID animal tracking system, Vsurance is positioned to capitalize on this booming market.”
To Read More On the IDTechEX Report Click the Link: http://www.idtechex.com/products/en/articles/00000729.asp.
IDTechEx is a knowledge based company specializing in printed electronics, RFID and smart packaging. The company gives strictly independent marketing, technical and business advice and services on these subjects. It is in three forms: consultancy, publications and conferences.
GLOBAL WATER TECHS (OTC: GWTR)
"Up 36.36% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GWTR.php
Global Water Technologies, Inc. (OTC: GWTR) is a "CleanTech" water treatment and services company with "clearly" innovative technologies, focused on the energy, power, oil and gas, process, HVAC and municipal markets. Through its subsidiaries, Electric H2O, Inc. and Watergy Produced Water Solutions, Inc., the company utilizes its proprietary technologies and services programs to increase operating efficiencies and reduce water usage through comprehensive water management solutions. GWT has an established client base of over 500 customers in more than 25 countries worldwide. GWT's products treat over 10 billion gallons of water per day.
October 26 - Global Water Technologies Redeems Outstanding Convertible Debentures
Global Water Technologies, Inc., (OTC: GWTR) a leader in environmentally sound water purification technology and services to the $400 billion water industry announced today the redemption of all the outstanding amounts and non-converted debentures issued to Highgate House Funds Ltd., a sub-fund of Cornell Capital Partners, now Yorkville Advisors.
"Redeeming these debentures is an important step in our strategic plan," said George Kast, Chairman and CEO of Global Water Technologies. "We are now better positioned to attract more suitable funding to accelerate the growth of our installed base of Cleantech energy and water savings technologies."
"Steady growth in coalbed methane (CBM) and other unconventional energy production has created a large market opportunity where we can leverage our expertise and create real shareholder value," continued George Kast. "Our comprehensive produced water solutions are one of the most economical and environmentally sound methods available to Oil and Gas producers with produced-water disposal and reclamation issues. As we continue to execute and strengthen the company's position, we trust the investment community will realize our value proposition and our stock will begin to better reflect the intrinsic value of our extensive water technology base."
PANACOS PHARMA INC (NASD: PANC)
"Up 36.51% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PANC.php
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.
October 25 - Panacos Reports Third Quarter 2007 Financial Results
Panacos Pharmaceuticals, Inc. (NASD: PANC), a biotechnology company dedicated to developing the next generation of antiviral therapeutic products, today announced its financial results for the quarter ended September 30, 2007 and reviewed progress in its development programs.
Recent Business Highlights:
The Company announced preliminary results today from the 300 mg cohort of a Phase 2b dose escalation study of bevirimat (PA-457) in patients failing HIV therapy due to drug resistance. The results from this cohort showed a mean viral reduction of 1.02 log10, with a continuation of predictable and linear pharmacokinetics. The results support further dose escalation to determine the dose or doses of bevirimat to take into pivotal clinical trials in 2008.
Panacos announced that it had completed a Phase 1 study with two distinct liquid formulations of bevirimat suitable for long-term dosing in HIV patients. Both formulations have similar bioavailability to the solution formulation currently being used in the Phase 2b dose escalation study. The Company intends to commercialize both a liquid and a solid version of bevirimat, and continues to evaluate a number of novel solid formulation options with the goal of selecting a formulation candidate to take into human trials in 2008. Preliminary market research indicates that a majority of the HIV-positive adult market would consider a liquid formulation of bevirimat to be an attractive option.
The Company drew down the remaining $10 million of the $20 million loan facility announced in June. The second $10 million tranche was received on October 1, 2007 and therefore is not reflected in the 3Q financials. Third Quarter Financial Highlights:
For the third quarter of 2007, Panacos reported a net loss of $7.9 million, or $0.15 per share, versus a net loss of $7.9 million, or $0.16 per share, for the third quarter of 2006. Revenue from research funding in the third quarter of 2007 decreased to $30,000 from $33,000 for the third quarter of 2006.
Research and development expenses in the third quarter of 2007 decreased to $5.0 million from $5.7 million in the third quarter of 2006, primarily as a result of timing-related decreased expenses in the Company's pipeline research and development programs. General and administrative expenses in the third quarter of 2007 were $3.2 million, the same amount as reported in the third quarter of 2006.
Unrestricted cash, cash equivalents and marketable securities were $48.2 million at September 30, 2007. As of September 30, 2007 the Company had approximately 53.5 million common shares outstanding.
“With positive new data for bevirimat and a strong financial position, we look forward to the remainder of 2007 and beyond," commented Alan W. Dunton, M.D., Panacos’ President and Chief Executive Officer. ”Our search for a new Chief Financial Officer is underway, and in the meantime, Robert Pelletier continues to provide excellent financial leadership to the Company.”
Panacos will hold a conference call today to discuss the second quarter results and the Company's development programs at 4:30 p.m. (EDT). The conference call can be accessed via the web at www.panacos.com or by dialing 866.831.6234 (domestic) or 617.213.8854 (international), between 4:15 and 4:25 p.m. and entering the passcode 67813660. A replay of the conference call will be available from 6:30 p.m. on October 25, 2007 through November 26, 2007, and can be accessed via the web at www.panacos.com or by dialing toll-free 888.286.8010, and outside the U.S. 617.801.6888 with passcode 14818744.
AMERICHIP INTL INC (OTCBB: ACII)
"Up 20.69% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ACII.php
AmeriChip International, Inc., together with its subsidiaries, engages in developing patented technology for use in manufacturing. It develops Laser Assisted Chip Control technology, which is applicable to metal component that requires precision finishing. The company's technology eliminates ribbon-like steel chips that tangle around moving tool parts, automation devices, and other components essential to the machine processing of low to medium grade carbon steels, and nonferrous metal parts. It serves automotive, oil production and refining, aerospace, heavy truck, off-road construction, defense contractors, and farm implements manufacturing markets. AmeriChip has strategic alliances with GSI Lumonics, Creative Automation, and Seco Carboloy. The company is based in Clinton Township, Michigan.
October 25 - AmeriChip CEO Interviewed by IPOdesktop.com
In an interview with IPOdesktop.com, AmeriChip International's (OTCBB: ACII) CEO Marc Walther said, "We are pleased with our sequential quarterly performance in terms of revenue, gross margin and positive operating profit.
"For the quarter ending November 30, 2007 we anticipate another revenue increase and another operating profit.
"Revenue is increasing because we restructured our sales and marketing program and now use the LACC (Laser-Assisted Chip Control) process to gain additional, predictable, high-margin business in our 50,000 square foot manufacturing plant, from major manufacturers and their Tier One suppliers.
"We have also restructured our sales and marketing programs for LACC-only business. Building on a number of successful PPAP (pre-production approval process) and successful validation programs, our new COO, Roger Paquette, emphasizes to major strategic partners that we help them re-engineer their manufacturing process, to increase profit and reduce costs. He is coordinating the expanded marketing approach with Dan Green, who recently joined AmeriCHip as Director of Systems and Integration.
"To put it in perspective, some of our major LACC prospects have plants that encompass 2 1/2 to 3 million square feet with 3-5000 employees. We are very pleased with Roger's strategic partnering, consultative perspective. Our major LACC prospects are embracing his manufacturing process re-engineering approach.
"Direct LACC-only prospects with whom Roger is working include General Motors Powertrain, Ford Powertrain, Eaton Corporation Powertrain, Caterpillar Truck and Tractor, Chrysler, and American Axle & Manufacturing."
Analyst comments on SEC filing for quarter ended August 31, 2007 http://gaskinsco.com/acii-august10q.htm.
IT GROUP HOLDINGS (OTCBB: ITGL)
"Up 44.44% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ITGL.php
IT Group Holdings, Inc. trades through its wholly owned UK subsidiary Internet Telecommunications Plc (IT). IT is a provider of telecommunications services in the UK. IT Group Holdings is now established as a carrier-operator supplying resellers (in the UK: service providers) with wholesale access to competitively priced telecommunications lines and high-quality telephone call services including voice, data, value-added services and carrier services such as Voice-over-Internet Protocol (VoIP). IT also offers residential and business subscribers retail access to selected telecommunications services.
October 25 - IT Group Holdings, Inc. Invites Interested Parties to Join Its Investor Update Conference Call on Monday, October 29, 2007, 10:00 a.m. Eastern
IT Group Holdings, Inc. (OTCBB: ITGL) announced that Fred Verkroost, Chairman of IT Group Holdings with his Executive Team will host a conference call on Monday, October 29, 2007 beginning at 10:00 a.m. EDT (7:00 a.m. PDT) to provide an investor update. The call will be open to any interested persons and may contain forward-looking information.
What: IT Group Holdings, Inc. Investor Update Conference Call
When: Monday, October 29, 2007 at 10:00 a.m. ET, 7:00 a.m. PT
How: Domestic Dial: 1.866.225.8729
International Dial: 1.480.629.9564
Conference ID: 3799671
Participants are asked to call the assigned number approximately 10 minutes before the conference call begins.
To access the live webcast please visit: http://viavid.net/dce.aspx?sid=0000479F.
The webcast will be archived after the call and will be available at the original webcast link for thirty days thereafter.
A replay of the conference call will be available two hours after the call and for five business days thereafter (November 5, 2007) by dialing domestically: 800-406-7325 or internationally: 303-590-3030 and entering the following pass code: 3799671.
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