Our Stocks to Watch tomorrow include CAPE Systems Group Inc. (OTC: CYSG), Medical Connections Holdings Inc. (OTCBB: MCTH), Conolog Corp. (Nasdaq: CNLG), American Scientific Resources Inc. (OTC: ASFX), Left Behind Games Inc. (OTC: LFBG) and Imaging Diagnostic Systems Inc. (OTCBB: IMDS).
CAPE SYSTEMS GROUP INCORPORATED (OTC: CYSG)
"Up 490.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/CYSG.php
CYSG News:
September 22 -
CAPE Systems Group, Inc. (OTC: CYSG), a leading provider of software technology for packaging design, pallet optimization, RFID Asset Tracking, inventory and warehouse management, supply chain execution and order fulfillment, announced preliminary unaudited financial results for the fiscal years ending September 30, 2007 and 2008, and the three months and nine months ended June 30, 2009.
Cape Systems Group, Inc. reported revenues of $0.5 million and $1.6 million for the three and nine month periods ended June 30, 2009, respectively. The Company also reported a $15.3 million non-cash profit (unaudited) for its third quarter ending June 30, 2009 based on anticipated settlements within the next 60 days of $8 million in liabilities related to the closing of its European operations back in 2003 and $8.4 million in liabilities related to the closing of three domestic operations in 2004. Existing operations during the same quarter had a $1.1 million loss after a $0.7 million beneficial conversion charge for the conversion of accrued interest into notes to its bondholders. The same period for the prior year had a $0.8 million loss after a $0.5 million beneficial conversion charge also for the conversion of accrued interest into notes to its bondholders. Excluding the beneficial conversion charges each year, the net operating loss for the third quarter was $0.4 million vs. $0.3 million in 2008 caused by a $0.3 million decrease in gross profit that was offset by $0.2 million in reduced S, G & A expenses based on a cost savings strategy initiated in FY2009.
Based on the third quarter's $16.4 million gain in settlement the profit for the nine months ending June 30, 2009 was $14.5 million after absorbing an operating loss of $1.9 million that included $1.2 million in beneficial conversion charges. This compares to a $1.4 million loss for the nine months ending June 30, 2008 that included $0.5 million in beneficial conversion charges. Excluding the beneficial conversion charges each year 2009's net operating loss for the nine months ending June 30 was $0.7 million vs. a $0.9 million loss in 2008. This $0.2 million improvement is the result of $0.6 million in reduced S, G & A expenses offset by a $.4 million decrease in gross profit.
For the fiscal year ended September 30, 2008, the Company reported preliminary unaudited revenues of $3.5 million. The unaudited net loss for the last fiscal year ending September 30, 2008 was $1.7 million that included $0.7 million in beneficial conversion charges vs. the prior year's unaudited net loss that ended September 30, 2007 of $3.0 million (including $1.3 million in beneficial conversion charges). Excluding the beneficial conversion charges each year 2008's net operating loss for the twelve months ending September 30, 2008 was $1.0 million vs. a $1.7 million loss in 2007. This $0.7 million improvement is the result of $1.0 million in reduced S, G & A expenses (mainly intangible amortization that finished in 2007) plus a $0.3 million increase in gross profit, which was offset by a $0.6 million decrease in gains on settlement that were realized in 2007.
MEDICAL CONNECTIONS INCORPORATED (OTCBB: MCTH)
"Up 87.50% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/MCTH.php
Founded in 2002, Medical Connections, Inc. is a pioneering medical recruitment and staffing company dedicated to satisfying the increasing demands for qualified personnel in the healthcare industry. The company identifies and places medical professionals — from nurses and physicians to pharmacists and medical scientists — in facilities throughout the U.S. Medical Connections applies both established and innovative methods to meet the needs of its clientele, capitalizing on the more than 40 years’ industry experience of its key personnel. In the relatively short period of time since its inception, Medical Connections has secured a roster of prestigious clients, both for-profit and not-for-profit organizations, and recruited the most desirous candidates from across the country. With headquarters in
MCTH News:
August 19 - Medical Connections Named #7 on Staffing Industry Analysts' 2009 Fastest-Growing List
Significant 63% growth over four-year period impressive in any economic climate
Medical Connections Holdings, Inc. (OTCBB: MCTH), one of the nation’s fastest growing healthcare staffing companies specializing in allied health, nurse and physician staffing and recruiting services, is pleased to announce it has been named to Staffing Industry Analysts’ list of fastest-growing U.S. staffing firms for 2009.
“We’re just thrilled to be recognized in one of the most prestigious reports in our industry,” said Joseph Azzata, CEO of Medical Connections. “And what’s more, our incredible growth and leading position within the staffing community have been all the more reinforced during one of the slowest economic periods in history.”
Each year, Staffing Industry Analysts compiles a ranking of fastest-growing staffing firms based on a survey completed earlier in the year. This year's list of fastest-growing staffing firms, or the “25% Club,” includes firms with compound average annual growth of 25% or more between 2004 and 2008. (The companies on this year's list posted median annual compound growth of 38.8%.)
At 63%, Medical Connections’ growth was two-and-a-half times higher than this already-elite figure.
“Making the Staffing Industry Analysts’ list is, of course, quite an honor for Medical Connections,” said Anthony Nicolosi, President of Medical Connections. “And even more than that, it reinforces our core beliefs about service, people and expertise. Our commitment to excellence in every area we work in has been strengthened. We are very grateful for our success, and for our great team, our clients and our travelers.”
It is interesting to note that this year represented the first that publicly-held companies were considered for recognized. Medical Connections was the sole publicly-held company included.
ABOUT STAFFING INDUSTRY ANALYSTS, INC.
Staffing Industry Analysts, Inc. is the premier research and analysis firm covering the contingent workforce. Known for its independent and objective insights, the company's proprietary research, data, support tools, publications, and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing service sectors: third-party placement, outplacement, and staff leasing (PEOs). Founded in 1989, the company is headquartered in
CONOLOG CORPORATION (NASDAQ: CNLG)
"Up 78.42% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/CNLG.php
Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide. The Company’s INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
CNLG News:
August 10 - Conolog to Introduce "GlowWorm" Fiber Optic Detector
Unique standalone product for any fiber optic network or line
Conolog Corporation (Nasdaq: CNLG), an engineering and design company that provides digital signal processing solutions to global electric utilities, announced that it is introducing this quarter an independent standalone product for detection of fiber optic cable failures without the need to cut the cable.
President of Conolog Marc Benou stated, “This application of passive detection technology is unique to Conolog and will allow utilities and other customers to quickly determine the source of a fiber optic signal failure.”
Benou concluded, “Conolog products continue to demonstrate the global applications of our products, ease of installation and our commitment to low maintenance and long term security and reliability.”
AMERICAN SCIENTIFIC RESOURCES INCORPORATED (OTC: ASFX)
"Up 41.14% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ASFX.php
American Scientific Resources, Inc. is a holding company for two wholly owned subsidiaries, Kidz-Med, Inc. and Heart Smart System. The Company's objective is to locate and acquire innovative health and safety products that are successfully sold abroad, and to introduce and promote them to the North American market.
ASFX News:
September 15 - American Scientific Resources, Inc. Welcomes Jason Roth
Successful entrepreneur & marketing/branding specialist adds proven expertise to Health and Safety
American Scientific Resources, Inc. (OTC: ASFX) announced the appointment of Mr. Jason Roth, CEO of Safeguard Medical Technologies LLC, as Senior Vice President and Director of Business Development of the Company. This announcement follows the Company's successful acquisition Monday of the intellectual property formerly owned by Safeguard, which produces a needle disposal device called the Disintegrator Plus(TM).
Since 1993, Mr. Roth has quickly established a successful track record of acquiring, growing and selling businesses — mostly in medical supply industries — for multiples of their annual sales figures.
In 1993, Jason joined a family business founded by his father, which grew to become the world's 3rd largest animal specialty medical manufacturing business. As Vice President, he helped create a new wholly-owned subsidiary, which in 1994 launched its first product. Within a few short years, he had helped increase distribution to nearly 24,000 retail locations, expanding a multitude of SKUs into various products categories; developing ad campaigns in each country; and working with distributors to identify how best to capitalize on their individual markets.
Mr. Roth has participated in brand launches generating revenue in excess of $300 million dollars globally. Notably, he has served as marketing consultant to many multinational brands, from tourism to Fortune 500 companies, helping to create new advertising, marketing and sales campaigns.
Having established ties in the durable medical equipment community, he remains active in the American diabetes supply industry through a nationwide diabetes mail order company, which maintains a large physician referral base, as well as a medical device wholesale importer, which in its first year alone saved free clinics nearly $4.8 million USD in diabetes testing supplies, and has nearly 6000 points of distribution.
In 2004, Mr. Roth purchased Safeguard Medical Device Inc. Now renamed Safeguard Medical Technologies LLC, it is the only Class III FDA approved manufacturing facility in North East Ohio.
LEFT BEHIND GAMES INCORPORATED (OTCBB: LFBG)
"Up 36.67% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/LFBG.php
Left Behind Games, Inc. engages in the development, publishing, and distribution of video games and related products in the
LFBG News:
September 21 - Left Behind Games shareholder update
Left Behind Games Inc. (OTC: LFBG), dba Inspired Media Entertainment, a leading publisher of Christian video games, responds to shareholder comments regarding a name change that was under consideration. As shareholders have said, the Left Behind name is significant because the Company's LEFT BEHIND branded games are based upon the popular novel series by Tim LaHaye and Jerry Jenkins which have sold more than 65 million books in 30 languages worldwide, as well as three movies with more expected in the future. In recent years, the Company's game, LEFT BEHIND: Eternal Forces, has become the most widely distributed Christian PC game in history. Therefore, in response to Shareholder input, the Company has decided to retain the well-recognized name, Left Behind Games Inc.
The Company recently announced a three-for-two forward split of its common stock for shareholders of record, as of October 2, 2009. As a result, the Company's stock was up more than 15% on heavy trading of 24 million shares last Friday, September 18th.
CEO Troy Lyndon says, "We're here to serve our shareholders and listen to their wisdom. Accordingly, we believe the upcoming forward split will increase shareholder liquidity for everyone's benefit."
Left Behind Games also reports that the Walmart marketing trial will include three of the Company's six games in precisely 100 stores in the Dallas and
CEO Troy Lyndon says, "Christian products have gained popular acceptance in the music and book sections of Walmart stores over recent years, and it is anticipated that Christian PC video games will be equally well received. Based upon their past success selling Christian products, combined with our creative marketing program, I expect we will substantially exceed the results necessary for Walmart to expand distribution to a significantly larger number of its stores nationwide."
IMAGING DIAGNOSTIC SYSTEMS (OTCBB: IMDS)
"Up 18.95% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/IMDS.php
Imaging Diagnostic Systems, Inc. has developed a revolutionary new imaging device to aid in the detection and management of breast cancer. The CTLM® system is a breast imaging system that utilizes patented continuous wave laser technology and computer algorithms to create 3-D images of the breast. The procedure is non-invasive, painless, and does not expose the patient to ionizing radiation or painful breast compression. CT Laser Mammography (CTLM®) is designed to be used in conjunction with mammography. It reveals information about blood distribution in the breast and may visualize the process of angiogenesis, which usually accompanies tumor growth. The Company is currently engaged in collecting clinical data to support the Premarket approval application for marketing clearance in the
IMDS News:
September 22 - Imaging Diagnostic Systems Sells CTLM System in
Imaging Diagnostic Systems, Inc. (OTCBB: IMDS), a pioneer in laser optical breast imaging systems, announced the sale of another CT Laser Mammography system in
“We are getting very positive responses whenever we introduce the use of CTLM and believe that the CTLM will do very well in
The CTLM system was sold through Daichi Holding Berhad. The transaction was completed with the full balance wired to IDSI the week of September 14th. Daichi Holding Berhad is a equipment distributor with several years of experience serving as a representative for many companies and products.
“The first CTLM in
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