OTCPicks.com Daily Market Movers Digest Midday Report for Monday, July 20th DUSS, BBYB, SSHO, NFES, BEAC, HGSI, ZCNW, CIT, TSTR, MVBY, CMTP
Our Stocks to Watch today include Dussault Apparel Inc. (OTCBB: DUSS), Baby Bee Bright Corp. (OTC: BBYB), South Shore Resources Inc. (OTC: SSHO), NF Energy Saving Corp. (OTCBB: NFES), Beacon Enterprise Solutions Group Inc. (OTCBB: BEAC), Human Genome Sciences Inc. (Nasdaq: HGSI), Zcom Networks Inc. (OTC: ZCNW), CIT Group Inc. (NYSE: CIT), TerreStar Corp. (Nasdaq: TSTR), My Vintage Baby Inc. (OTC: MVBY) and China Digital Communication Group (OTCBB: CMTP).
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DUSSAULT APPAREL INCORPORATED (OTCBB: DUSS)
"Up 24.29% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DUSS.php
Company Profile: http://www.otcpicks.com/dussault-apparel.htm
Dussault Apparel, Inc. is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC bulletin board.
DUSS News:
July 20 - Dussault Apparel Inc. Signs Agreement With Canadian Distributor EHM Holdings
Dussault Apparel Inc. (OTCBB: DUSS) (the Company) announced that its moderately priced lifestyle brand Deuce by Dussault will be distributed in Canada by EHM Holdings based in Vancouver, BC, the company is one of the leading distributors in the territory representing brands such as DKNY, Mexx, True Religion Mynk and many more. EHM Holdings plans to introduce Deuce by Dussault to the Canadian market in the late summer, fall of 2009.
"As we continue to develop the Dussault brand, we are very pleased to be working with Ted Margulius and his team at EHM Holdings for distribution of the Deuce Collection.
"We are very excited about our association with Dussault Apparel. The people are great and it's such a cool and unique brand, I think the public will embrace it," said Ted Margulius of EHM Holdings.
BABY BEE BRIGHT CORPORATION (OTC: BBYB)
Detailed Quote: http://www.otcpicks.com/quotes/BBYB.php
Company Profile: http://www.otcpicks.com/baby-bee-bright/baby-bee-bright.htm
Baby Bee Bright Corporation manages the Baby Bee BrightTM brand. Its executive staff, composed of professionals with over 30 years of experience in engineering research and marketing, have developed an innovative prenatal communication system, servicing the rapidly expanding expectant mother/prenatal market. The company has a patented, audio directional technology for its communicator which is designed for expectant mothers to safely and efficiently transmit music and sound to their babies. It allows mothers and family to bond with their babies before birth. Lullabies and classical music provide the baby with soothing sounds before and after birth.
BBYB News:
July 20 - Baby Bee Bright Targets
Baby Bee Bright Corporation (OTC: BBYB), developer of a unique prenatal communication system, is expecting a marked increase in sales in the United Kingdom as a result of the release of the publication, “You and Your Family.” Considering the fact that the shipping cost from the
Fred Dahlman, CEO, stated, “Baby Bee Bright is ready to find distribution centers in the
SOUTH SHORE RESOURCES INCORPORATED (OTC: SSHO)
Detailed Quote: http://www.otcpicks.com/quotes/SSHO.php
Company Profile: http://www.otcpicks.com/Newsletter/SSHO_NA_071909.html
South Shore Resources Inc. is a company engaged in the manufacturing, marketing, sales and distribution of products which are committed to fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive manufacturing industries which are either in development and/or the commercialization stages.
SSHO News:
July 17 - South Shore Resources Inc. to Grant Eurowerx Precision Machining Inc. Definitive License to Manufacture, Assemble & Procure Its HyProStar Series of Hydrogen Generating Modules
South Shore Resources Inc. (OTC: SSHO) (Frankfurt: SXB) (WKN: A0LD9H) announced that it will enter into a definitive licensing agreement with Eurowerx Precision Machining Inc. to manufacture, assemble and procure its HyProStar Series of Hydrogen Generating Modules for the Company.
South Shore Resources Inc.'s HyProStar units are Hydrogen Generating Modules for Internal Combustion Engines that can be attached to any type of engine as an add on; to enhance the combustion process, independent of the type of fuel used (gasoline, diesel, biodiesel, natural gas or ethanol). Hydrogen Generating Modules help to increase engine performance and gas mileage, while at the same time reducing exhaust emissions by electrolyzing a small amount of water which produces hydrogen and oxygen. The hydrogen and oxygen mixture is then injected into the engine's intake manifold providing the fuel with clean burning energy.
This agreement ensures
ABOUT EUROWERX INC.
Eurowerx based in
NF ENERGY SAVING CORPORATION (OTCBB: NFES)
Detailed Quote: http://www.otcpicks.com/quotes/NFES.php
Company Profile: http://www.otcpicks.com/nf-energy-saving-corp.htm
NF Energy Saving Corporation of
NFES News:
July 14 - NF Energy Saving Corporation Announces $5.21 Million Order For Energy-Efficient Flow Control Systems
Proprietary Systems to Be Used at Guangdong Huizhou Pinghai Power Plant and Guangdong Yuedian Huilai Power Plant Scheduled Delivery in Q3 and Q4 2009
* Total contract value amounts to US$5.21 million in revenue to be recognized in Q3 and Q4 2009
* Per
NF Energy Saving Corporation (OTCBB: NFES) (“NF Energy”), a Chinese leader in energy efficient flow control systems, announced the $5.21 million of energy-efficient flow control systems for Guangdong Huizhou Pinghai Power Plant and Guangdong Yuedian Huilai Power Plant to be delivered in Q3 and Q4 2009.
Both Guangdong Huizhou Pinghai Power Plant and Guangdong Yuedian Huilai Power Plant are China's new Ultra-Supercritical coal power plants being built to replace small, dirty and inefficient coal power plants with design capacity of 2 x 1000MW of generation capacity respectively. These two power plants will largely improve the electricity supply in Pearl River Delta Area. Guangdong Huizhou Pinghai Power Plant is an important project of
"We are proud to supply flow control systems to these important projects," commented Mr. Li Gang, Chairman and CEO of NF Energy. "Our high quality products are being well received in the advanced USC systems market."
BEACON ENTERPRISE SOLUTIONS GROUP (OTCBB: BEAC)
Detailed Quote: http://www.otcpicks.com/quotes/BEAC.php
Company Profile: http://www.otcpicks.com/beacon-solutions.htm
Beacon Enterprise Solutions Group is an emerging growth, high-performance provider of advanced IT solutions with a commitment to the proactive optimization of client companies’ operations. Beacon is capitalizing on opportunities created by the world-wide economic contraction through the provision of rapid deployment, broad spectrum, fully integrated IT programs with state-of-the-art, next-generation design, engineering, installation and managed services. Beacon’s business model creates a clearly defined early mover advantage due to our unique position as a leader in the provision of fully integrated turnkey solutions capable of fully servicing the largest companies in the world as they increasingly outsource to reduce costs while optimizing critical IT design and infrastructure management. Through an integrated team approach, Beacon offers customers everything to make their communications run, from telecom infrastructure design, to software development, to voice/data/security system integration, system installation and maintenance, in addition to long distance, VoIP and Internet access service. Beacon’s client roster includes state and local agencies, educational institutions, and over 4,000 companies ranging in size from mid-sized companies to the Fortune 500. While Beacon services customers globally, it is headquartered in
BEAC News:
July 20 - Beacon Solutions Announces Availability of SmallcapInsights.com Article
Industry Veteran Dr. John Faessel Discusses Beacon’s $1 Million in Expected Revenue in Q4 Relating to Exclusive Supplier Arrangement with DoD Contractor
Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC), a global leader in the high performance provision of advanced IT solutions, announces the release of a SmallcapInsights.com article by industry veteran Dr. John Faessel.
Entitled “A Favorite Micro-cap Provides Solid Illustration of Its Progress”, Dr Faessel discusses the undervalued nature of Beacon’s unique IT infrastructure management services, as well as Beacon’s expectation of receiving $1 million in revenue in the fiscal fourth quarter ending September 30, 2009, from its previously announced exclusive supplier arrangement with a DoD contractor.
From the article:
“Extraordinary results continue to stack-up for ‘Best Idea’ BEAC since I first introduced the company in late April. Not only has the stock shot-up significantly from $0.75, but the company has signed a string of new service agreements with some of the largest companies in the world. I had pointed out that ‘upside and growth possibilities for undiscovered and undervalued Beacon appeared outstanding to me.’”
Dr. Faessel’s in-depth article provides a recap of Beacon’s recent activity and delves into the relevance and potential of Beacon Solutions as the world moves to cut IT costs amidst the largest economic downturn in a generation.
HUMAN GENOME SCIENCES INCORPORATED (NASDAQ: HGSI)
"Up 208.46% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HGSI.php
The mission of HGS is to apply great science and great medicine to bring innovative drugs to patients with unmet medical needs. The HGS clinical development pipeline includes novel drugs to treat hepatitis C, lupus, inhalation anthrax and cancer. The Company's primary focus is rapid progress toward the commercialization of its two lead drugs, Albuferon® (albinterferon alfa-2b) for hepatitis C and BENLYSTA(TM) (belimumab, formerly LymphoStat-B®) for lupus. Albuferon has now completed Phase 3 development, and the filing of global marketing applications is expected in fall 2009. Two Phase 3 trials of BENLYSTA are ongoing, with results expected in July and November 2009. In April 2009, HGS completed delivery of 20,000 doses of raxibacumab (ABthrax(TM)) to the U.S. Strategic National Stockpile for use in an emergency for the treatment of inhalation anthrax. The Company also has several drugs in earlier stages of clinical development for the treatment of cancer, led by the TRAIL receptor antibody HGS-ETR1 and a small-molecule antagonist of IAP (inhibitor of apoptosis) proteins. In addition, HGS has substantial financial rights to certain products in the GSK clinical pipeline including darapladib, currently in Phase 3 development as a potential treatment for coronary heart disease, and Syncria® (albiglutide), currently in Phase 3 development as a potential treatment for type 2 diabetes.
HGSI News:
July 20 - Human Genome Sciences and GlaxoSmithKline Announce Positive Phase 3 Study Results for BENLYSTA™ in Systemic Lupus Erythematosus
BENLYSTA (Belimumab) Met Its Primary Efficacy Endpoint by Achieving a Statistically Significant Improvement in Patient Response Rate Versus Placebo in BLISS-52; First Drug for Lupus to Reach This Advanced Stage of Clinical Development and Achieve Positive Results, in the Largest Randomized Placebo-Controlled Clinical Trial Ever Completed in SLE Patients
Human Genome Sciences, Inc. (Nasdaq: HGSI) and GlaxoSmithKline PLC (GSK) announced that BENLYSTA™ (belimumab, formerly LymphoStat-B) met the primary endpoint in BLISS-52, the first of two pivotal Phase 3 trials in patients with serologically active systemic lupus erythematosus (SLE). In the placebo-controlled BLISS-52 study, the results showed that BENLYSTA plus standard of care achieved a clinically and statistically significant improvement in patient response rate at Week 52, compared with standard of care alone. Study results also showed that belimumab was generally well tolerated, with adverse event rates comparable between belimumab and placebo treatment groups.
"The BLISS-52 results demonstrated that BENLYSTA has the potential to become the first new approved drug in decades for people living with systemic lupus," said H. Thomas Watkins, President and Chief Executive Officer, HGS. "Given the limited treatment options currently available, patients would benefit greatly from potential new treatments. BENLYSTA is an outstanding example of the type of treatment HGS is working to develop and bring to patients. Assuming positive results in November from our second Phase 3 trial of BENLYSTA, we and GSK plan to submit marketing applications in the
Belimumab is an investigational drug and the first in a new class of drugs called BLyS-specific inhibitors. No new drug for lupus has been approved by regulatory authorities in more than 50 years. Belimumab is being developed by HGS and GSK under a co-development and commercialization agreement entered into in August 2006.
"Lupus is a chronic, often debilitating, and sometimes fatal illness that affects an estimated five million people worldwide and can have a devastating effect on both patients living with the disease and their families," said Carlo Russo, M.D., Senior Vice President, Biopharm Development, GSK. "BENLYSTA is the first medicine being developed specifically for lupus that has reached this late stage of clinical development with positive results. We look forward to completing the pivotal studies, with the hope of bringing this potentially important therapeutic advance to patients suffering from SLE."
ZCOM NETWORKS INCORPORATED (OTC: ZCNW)
"Up 100.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ZCNW.php
Zcom is a multi-industry company with two core businesses: Media Broadcasting/Home Shopping Division and Mineral rights/Real Estate Division. Zcom offers radio and video content delivered live and on demand over the internet. Audiences can access programs 24 hours a day, seven days a week, directly or via podcast. The company is in the process of launching a Direct Broadcast Satellite (DBS) and IP TV broadcast that will reach over 10 million households in the US, Canada and Mexico. Zcom also offers products and services through its Home Shopping Network marketed and promoted through the company's TV/IP TV broadcast resources and through its affiliate network. Existing products/services include Super Fuel and TV Box. Zcom's Mineral Rights/Real Estate Division owns a mining development, exploration and extraction company with a 160 acre gold, silver, tungsten, platinum and copper placer mining claim -- CLS #12 in
ZCNW News:
July 20 - Zcom Networks Subsidiary Announces Compliance and Record Revenue and Earnings
Zcom Networks, Inc. (OTC: ZCNW) announced that Kortel Communications, Inc. (www.kortel.net), a Zcom Subsidiary, recorded annual revenue of $16,292,730 and profitable operations for 2008. In addition, Kortel, which provides a wide range of telecommunication services with extensive network infrastructure, international routes, and connectivity, has obtained its complaisance with Cisco, Quintum, Neura, and all H323 systems. This reach minimizes, or can even eliminate, the local access circuit cost which all too often becomes the highest cost item in connectivity. Kortel's domestic and international interconnection are offered via VOIP (Voice over Internet Protocol), TDM derived, E1, or traditional interfaces.
"Utilizing its extensive cost effective proprietary IP/TDM hybrid switch and network POPS globally, Kortel provides voice and data termination services with highest quality and reliability," said Dr. Alex Parsinia, CEO of Zcom. "We are looking forward to continued development by Kortel from its constantly expanding customer base."
CIT GROUP INCORPORATED (NYSE: CIT)
"Up 91.43% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CIT.php
CIT Group Inc. is a bank holding company with more than $60 billion in finance and leasing assets that provides financial products and advisory services to small and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an unparalleled combination of relationship, intellectual and financial capital to its customers worldwide. CIT maintains leadership positions in small business and middle market lending, retail finance, aerospace, equipment and rail leasing, and vendor finance. Founded in 1908 and headquartered in
CIT News:
July 20 - Bondholders Work to Save CIT Group Inc.
Reuters is reporting that CIT Group Inc. (NYSE: CIT) has negotiated a deal with bondholders that should save the company from immediate bankruptcy. For details, visit www.reuters.com/article/marketsNews/idINN1932306420090720?rpc=44.
July 17 - Beacon Equity Issues Investment Report for CIT Group Inc.
BeaconEquity.com announces an investment report featuring commercial lender CIT Group Inc. (NYSE: CIT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on CIT Group Inc. should be of particular interest to credit services companies: Orix Corp. (NYSE: IX), Citigroup Inc. (NYSE: C), Mizuho Financial Group Inc. (NYSE: MFG) and SunTrust Banks Inc. (NYSE: STI).
In the report, the analyst notes:
"The Company recently announced it has been advised that there is no appreciable likelihood of additional government support being provided over the near term. Previously, it confirmed that it remains in active discussions with its principal regulators on a series of measures to improve the Company's near-term liquidity position...
"Shares of CIT plummeted yesterday as consumers, analysts and investors awaited word on what the struggling commercial lender will do next to avert bankruptcy. The Company Thursday afternoon emerged from discussions with government agencies with word that the Obama administration declined to bailout the small-business financer on the grounds that it doesn't meet the standards for government aid. This would be the second bailout for the lender, which received a $2.33 billion bailout in December."
To read the entire report visit http://beaconequity.com/i/CIT.
TERRESTAR CORPORATION (NASDAQ: TSTR)
"Up 18.18% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TSTR.php
TerreStar Corporation, through its subsidiaries, owns wireless communications businesses in
TSTR News:
July 20 - TerreStar Successfully Completes Call Over TerreStar-1 with TerreStar Handsets
First Satellite Call Ever Made Between Integrated Satellite-Terrestrial Smartphones; TerreStar Certifies Completion of Final FCC Milestone
Mobile communications provider TerreStar Networks Inc. (TerreStar), a majority-owned subsidiary of TerreStar Corporation (Nasdaq: TSTR), announced the successful completion of an end-to-end phone call over TerreStar-1, the world's largest, most advanced commercial communications satellite. The call was completed between two of TerreStar's quad-band GSM and tri-band WCDMA/HSPA smartphones with integrated satellite-terrestrial voice and data capabilities. The call not only demonstrates the power of TerreStar-1 and the TerreStar smartphone, but also showcases the flexibility of TerreStar's all-IP core network.
"This call shows how TerreStar is delivering a new standard in mobile broadband network services and devices that leverage our integrated satellite and terrestrial communications components to enable true ubiquity and reliability — anywhere in the
"We have now certified that our network is operational and that TerreStar-1, our handset and our core network are all performing well," said TerreStar CTO Dennis Matheson. "While the call was completed quickly, it represents years of hard work and innovation by the TerreStar team of dedicated employees and our partners. Thank you all for your contributions to our success today."
In-orbit testing of TerreStar-1 continues and TerreStar and its partner, TerreStar Networks (Canada) Inc., remain on track to provide integrated satellite and terrestrial communications components to help solve the critical communications and business continuity challenges faced by government, emergency responders, enterprises and rural communities anywhere in the United States and Canada.
TerreStar today certified compliance with its final Federal Communications Commission milestone and TerreStar Networks (
The TerreStar network will operate in two 10-MHz blocks of contiguous MSS spectrum in the 2 GHz band throughout the
MY VINTAGE BABY INCORPORATED (OTC: MVBY)
"Up 6.25% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MVBY.php
My Vintage Baby is recognized as “a piece of yesterday for the hip child of today.” Its garments are designed with both new and vintage reproduction materials, each with its own nostalgic yet stylish look. The vision is to make each garment as unique as the children who wear them.
MVBY News:
July 15 - My Vintage Baby Consolidates Fabric and Garment Production
My Vintage Baby, Inc. (OTC: MVBY), a public children's apparel company, reported that it has moved its fabric production to the same factory in
“The consolidation eliminates the sample fabric printing charge, which was approximately $8,000 last season. In addition to this savings, our price per square yard will be reduced by $4.71 or $5.91, depending on the roll size. This represents a savings of between 65% and 70% for comparable fabrics. We have also eliminated the need to ship between factories,” stated Jeff Welsh CFO, My Vintage Baby.
Jessica Wiswall, CEO, My Vintage Baby added, “We can now accurately predict our fabric requirements, ensuring that all orders are filled, while producing no excess fabric. This is another exciting step in the on-going process of enhancing our customers’ satisfaction with My Vintage Baby’s exclusive children’s fashions.”
CHINA DIGITAL COMMUNICATION GROUP (OTCBB: CMTP)
"Up 15.77% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CMTP.php
China Digital Communication Group, through its wholly owned subsidiary, Shenzhen E'Jenie Science and Technology Co., Ltd. (E'Jenie), is a manufacturer and developer of advanced telecommunications equipment in
CMTP News:
July 16 - China Digital Communication Group Issues Revenue and Earnings Guidance for 2009
Company Forecasts 2009 Revenue of $23 to $25 Million and Net Income of $5.3 to $6.0 Million, Exceeding Prior Performance
China Digital Communication Group (OTCBB: CMTP), a manufacturer and distributor of battery components in China, announced revenue and earnings guidance for 2009, with estimates exceeding last year's results for the Company.
Projected revenue for the full year 2009 is expected to be approximately $23 to $25 million (vs. $19.7 million FY08), or an approximate 17% to 27% increase. Net income for the full year 2009 is expected to be approximately $5.3 to $6.0 million (vs. $4.9 million FY08), or an approximate 8% to 22% increase. These estimates do not include the possibility of additional purchase orders due to new customers or future acquisitions.
"We are announcing 2009 earnings guidance as part of our enhanced financial communications initiatives," said Fushun Li, CEO of China Digital. "These strong results are a testament to China Digital's commitment to improving efficiencies, as well as our decision to enter the finished battery distribution business. We believe that our management team's ability to sign large contracts, like our recent $4.1 million agreement with China Electronics Shenzhen Company, and make proactive adjustments as well as diversify our product lines will serve to drive revenues, earnings and, ultimately, shareholder value throughout 2009 and beyond."
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Disclosure: OTCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for DUSS advertising and promotional services. Previously OTCPicks.com has been compensated two thousand dollars by a third party (Planning Media) for DUSS advertising and promotional services. OTCPicks.com has been compensated two million free trading shares by a non-controlling third party (Microcap Management) for BBYB advertising and promotional services. OTCPicks.com has been compensated three thousand dollars by a third party (Stock Awareness Group) for SSHO advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for NFES advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for BEAC advertising and promotional services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. OTCPicks.com is a website partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice.
