GTWO, PAYI, NTMI, BMGP, AMNP, VGPR, GNPG, LFBG, QTM, MHYS, EVRN OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, October 28th

Our Stocks to Watch today include Gen2Media Corp. (OTCBB: GTWO), Pay88 Inc. (OTCBB: PAYI), NT Media Corp. (OTCBB: NTMI), Biomagnetics Diagnostics Corp. (OTC: BMGP), American Sierra Gold Corp. (OTCBB: AMNP), Vega Biofuels Inc. (OTC: VGPR), Green Planet Group Inc. (OTCBB: GNPG), Left Behind Games Inc. (OTCBB: LFBG), Quantum Corp. (NYSE: QTM), Mass Hysteria Entertainment Company Inc. (OTC: MHYS) and Everock / Nature's Peak Inc. (OTC: EVRN).

 

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GEN2MEDIA CORPORATION (OTCBB: GTWO)

"Up 10.81% in morning trading"

 

Detailed Quote: www.otcpicks.com/quotes/GTWO.php 

 

Company Profile: http://www.otcpicks.com/Newsletter/GTWO_102809.html

 

Gen2Media is a fully integrated technology, production and marketing company whose proprietary and patent-pending technology has earned the trust of a growing, globally diversified customer base, comprised of leading media companies, corporations, chart-topping artists, entertainment companies, advertising agencies and national brands such as The Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake, Microsoft Xbox LIVE, Coca-Cola Company, Toyota, Clear Channel, and others.

 

GTWO News:

 

October 28 - Gen2 Network Chosen for Online Video Marketing of New Solo Album by Legendary Aerosmith Guitarist Joe Perry

 

Gen2Media Corporation (OTCBB: GTWO), a fully integrated video technology, production and marketing company, announced that it has been selected by Mailboat Records, the record label owned by Jimmy Buffet, to help launch the new solo album by Joe Perry, lead guitarist for the rock band Aerosmith. Gen2Media will assist in the online marketing initiative for Perry's latest solo album "Have Guitar, Will Travel."

 

The contract provides for the album to be marketed across The Gen2 Network's rock radio websites, including flagship sites WRXP in New York (www.1019rxp.com) and WLUP "The Loop" in Chicago (www.wlup.com). Gen2 collaborated along with its radio partner Emmis Communications (EMMS) to provide online video marketing for the album, which was released on October 6, 2009. The program, which went live on October 14th, showcases Perry's music video content and interviews.

 

Mary Spio, President of Gen2, stated: "We are obviously excited to be working with Mailboat Records to launch the new Joe Perry album. It is our unique ability to bring such a highly targeted audience to our clients, along with the power of video, which makes Gen2 such a compelling choice for advertisers of all kinds."

 

PAY88 INCORPORATED (OTCBB: PAYI)

 

Detailed Quote: http://www.otcpicks.com/quotes/PAYI.php 

 

Company Profile: http://www.otcpicks.com/pay88-inc/pay88-inc.htm

 

Pay88, Inc., through its wholly-owned subsidiary, Chongqing Qianbao Technology, Ltd., is a rapidly growing digital technology company and the leading reseller of internet game time in China with over $19.7 million USD in revenues in 2008, a 134.8% increase over revenues in 2007. The company is primarily engaged in the sale of prepaid online multi-player game cards in more than 20 cities in China, an industry that generated $2.75 billion in 2008 and is expected to reach $3.8 billion by the end of 2009. In addition, The Company sells prepaid telephone cards and over 800 software products, including cooking, language and education software. Qianbao sells its game cards through its websites, www.iamseller.com, and www.17logo.com, which has more than 1 million registered users. The Company has successfully captured more than 80% of the online multi-player game time market in Chongqing, a municipality of more than 31 million people, and the third fastest-growing regional economy in China. Pay88 leverages such consumer establishments as retail kiosks and Internet cafes to increase its distribution of highly popular games for an increasing number of gaming companies.

 

PAYI News:

 

October 28 - Pay88, Inc. Goes Mobile With Sohu.com Inc.

 

Pay88, Inc. (OTCBB: PAYI) announced that it has entered into a distribution agreement with Sohu.com Inc. (Nasdaq: SOHU). Through its subsidiary, Qianbao Technology, Pay88 will act as a distributor of SOHU digital products, with a particular focus on mobile phone games.

 

With more than 100 million users and 700 million site visits per day, Sohu.com Inc., is one of the leading internet media companies in China with revenues of over $429 million USD in 2008, 2.3 times that of .scal 2007. Sohu provides millions of Chinese consumers with information, communication and entertainment services through its matrix of websites and offers two types of consumer services -- online games (including the massively popular multi-player online role-playing games "Tian Long Ba Bu" and "Blade Online"), and wireless connectivity.

 

Pay88 is one of the few companies in China capable of facilitating online banking and is also the leading reseller of internet game time in China's booming $2.75 billion online video game market, selling online multiplayer game time and prepaid cards in more than 20 cities in China. The venture with Sohu takes the company mobile for the first time and company officials say the timing and the opportunity couldn't be better.

 

According to analysts at Niko Partners, China will be home to 119 million online gamers by 2012, propelling the market to $8.9 billion by 2013. And Forbes reports the online gaming community is growing by an average of 4 million new players each month. An alliance with Sohu positions Pay88 to dramatically expand their reach into this massive market.

 

Guo Fan, Chairman and President of Pay88, said, "Pay88's large customer base and payment platform makes this agreement with SOHU an exciting opportunity for both companies." He added, "As a result of this new relationship, Qianbao Technology will now be able to offer mobile games to the domestic market in China."

 

Company officials say forging this agreement with Sohu represents a powerful step forward in expanding their footprint throughout China. Over the coming year, the company will continue to develop and improve its internet gaming platform, expand its distribution websites, and increase its overall product line, as well as expand into many additional cities in China.

 

NT MEDIA CORPORATION (OTCBB: NTMI)

"Up 27.78% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/NTMI.php  

 

Company Profile: http://www.otcpicks.com/nt-media.htm

 

NT Media is a start-up digital media solutions provider and developer of niche content websites. The interactive and community-oriented content for NT Media sites, as well the sites' advertising, target specific interest groups and demographics in order to create an ongoing and open dialogue on trending topics and issues. NT Media's online communities integrate increasing trends in online social networking and community building, user generated original content and third-party applications.

 

NTMI News:

 

October 27 - NT Media Partners with Hollywood Entertainment Producers for Webisode Series 'Straight Up With A Twist'

 

Sinahome Entertainment, LLC and Marble Step Production Team Up with NT Media to Produce Original Comedy Series for Video Sharing Site NeuroTrash.tv

 

NT Media Corp. (OTCBB:NTMI) (www.ntmedia.tv), a developer and operator of media and social networking websites, announced a partnership with Hollywood-based production companies Sinahome Entertainment, LLC and Marble Step Production to produce a series of comedy shorts. The webisodes, called "Straight Up With A Twist," will be distributed on NT Media's alternative-format video sharing site NeuroTrash.tv.

 

Currently in pre-production, "Straight Up With A Twist" is a series of shorts that explore the comedies of urban nightlife. The webisodes are scheduled for release in the first quarter of 2010 and filming will begin in November 2009. NT Media is producing the series as part of an ongoing initiative to release original content on NeuroTrash.tv.

 

Launched in January 2009, NeuroTrash.tv is a video-sharing site targeting young adults between the ages of 18 and 35. Users are able to post and share videos on the site, as well as take advantage of the site's video player for sharing original videos on their own sites, social networking profile pages and blogs.

 

"Both Sinahome and Marble are perfect partners for this video project," said NT Media CEO Ali Moussavi. "They have developed concepts that will tap into the key NeuroTrash.tv demographic by leveraging a rising trend of viral online comedy shorts. Original content like 'Straight Up With A Twist' will continue to raise awareness of this highly-demanded niche and will provide content that promotes sustained site traffic."

 

For advertising and sponsorship opportunities please email contact@ntmedia.tv.

 

NT Media's revenue model for NeuroTrash.tv is based on standard display banner ads, in-stream video advertising, products sales and services. Advertisers are also able to earn revenue from video ads embedded in other websites on which NeuroTrash.tv users place videos.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

 

Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php 

 

Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/biomagnetics-diagnostics.htm

 

Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.

 

BMGP News:

 

October 27 - Biomagnetics Concludes Contract Talks with U.S. Government Lab — Preparing Gates Foundation Grant Application

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced the Company has completed business negotiations with one of the U.S. Government's top national security research institutions regarding the acquisition of rights to the Integrated Optical Biosensor System (IBOS) technology developed by the laboratory personnel. Biomagnetics Diagnostics plans to utilize this technology to enter the significantly underserved market for handheld biosensors capable of detecting a broad range of disease causing viruses, bacteria and fungi.

 

“We are very pleased to complete our negotiations as the market’s interest level in this form of technology is significant, commented Clayton Hardman, CEO of Biomagnetics Diagnostics Corporation. “We have already signed a letter of intent with Bright Dairy, which is China's third largest dairy operation and several other organizations have contacted us about availability of the IBOS platform. In November, we will be meeting with India’s Health Ministry Blood Bank, in New Delhi specializing in malaria with the goal of conducting clinical trials for product commercialization throughout India. We have also begun to prepare our application for Round 4 of the Bill and Melinda Gates Foundation Grand Challenges grant due November 2nd. The topic of Round 4 is the creation of low-cost diagnostics for priority global health conditions, which include malaria, tuberculosis, and HIV/AIDS. The Gates Foundation states the proposed diagnostics will ultimately need to fill many of the criteria found in the acronym ASSURED: Affordable by those at risk of infection, Sensitive, Specific, User-friendly (simple to perform with minimal training), Rapid and Robust, Equipment-free or minimal equipment, and Delivered to those who need it. We believe the IBOS technology we plan to introduce to the market fills the criteria very adequately and thus, we believe our chances of winning a Gate’s Foundation grant are very high. We look forward to bringing this state of the art technology to market over the coming months.”

 

According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. Field deployable Integrated Optical Biosensor Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon introduce hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs and improve lives.

 

AMERICAN SIERRA GOLD CORPORATION (OTCBB: AMNP)

 

Detailed Quote: http://www.otcpicks.com/quotes/AMNP.php 

 

Company Profile: http://www.otcpicks.com/american-sierra-gold/american-sierra-gold.htm

 

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada. Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website at www.americansierragold.com.

 

AMNP News:

 

October 27 - American Sierra Gold Corp. Appoints New Chief Financial Officer

 

American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, announced that Johannes Petersen has joined the Company as Chief Financial Officer and as a member of the Board of Directors.

 

Mr. Petersen has experience in a wide range of aspects of resource exploration, management and finance. He brings great value to the company having served as director and CFO of a number of public and private resource companies. He has worked in business planning and development for resource projects located in North America and Asia. Over the past four years, Mr. Petersen has been instrumental in raising over $17 million to fund the activities of resource projects.

 

On his appointment, Mr. Petersen said "I am delighted to join American Sierra in its quest for gold. I believe the Company has the right mix of ingredients for major success: a very capable team, sound financing arrangements to fund its operations and a portfolio with exciting exploration potential."

 

Commenting on Mr. Petersen's appointment, Wayne Gruden added: "I am pleased that Johannes has decided to join American Sierra's efforts to build a leading gold exploration company in North America. Johannes' exceptional breadth and caliber of expertise will be beneficial to the Company's future success."

 

Mr. Petersen has also covered several functions within the financial services industry, ranging from fixed income to currency trading. He holds a BSc in Economics from Universidad del Pacifico (Peru) and an MBA degree from the London Business School (UK).

VEGA BIOFUELS INCORPORATED (OTC: VGPR)

"Up 35.48% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/VGPR.php

 

Vega Biofuels, Inc. engages in the production and sale of biofuel products worldwide. The company manufactures energy efficient pellet fuel made from organic waste bi-products. It offers bio-mass and bio-diesel products for power generation units. The company was formerly known as Vega Promotional Systems, Inc. and changed its name to Natural Fuels Industries, Inc. in February 2009. Natural Fuels Industries, Inc. was founded in 1986 and is headquartered in Missoula, Montana.

 

VGPR News:

 

October 28 - Vega Issues Corporate Update

 

Vega Biofuels (Vega Promotional Systems) Inc. (OTC: VGPR) issues the following corporate update:

 

With the fourth quarter now under way, the Company is concentrating on existing business as well as considering various opportunities in other parts of the world. The past few months have been an extremely busy time for the Company.

 

The Company recently announced it had entered into an agreement with Tokyo based Tokyo Consulting, LTD (TCL). TCL is assisting the Company in expanding its business to Japan and other Asian countries. Subsequent to former Japanese Prime Minister Abe's formation of the Energy Cooperation Initiative, there are new opportunities available in the biomass industry. The purpose of the initiative is to cooperate on promoting biomass energy for East Asian countries. Among other things, TCL will assist in the introduction of potential local partners interested in the Company's services.

 

While the Company reviews various international opportunities, it continues two existing projects in the United States.

 

The Green Valley Project in western Indiana is a very unique energy project that uses coal bed methane gas to run large natural gas reciprocating engine generator sets. The electricity that is produced will then be sold to the local power company at a profit. This is not a developmental stage project. The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Green Valley Mine as a sole source fuel to create energy. There are a lot of moving pieces to this project and we look forward to sharing the details as we move forward. To date, the Company has an agreement in place to purchase the methane gas from the Green Valley Mine and a land lease for the production facility.

 

Earlier in the year, the Company announced the addition of Interim CEO, Michael Knauff. A seasoned veteran of the alternative energy business, Mr. Knauff has proven to be a very important addition to the Company's management team. Mr. Knauff is helping to drive various power generating projects for the Company, including the Green Valley Project.

 

The Company also announced plans to build a manufacturing plant in the State of Georgia to produce biomass products and bio-diesel products for power generation units. The Company has secured a facility in Tifton, Georgia that will serve as headquarters for the Georgia project. When completed, the fuel pellet manufacturing facility will capitalize on the abundance of biomass in Georgia's Bioenergy Corridor. As mentioned earlier, a recent Forbes Magazine article, ranked Georgia third in the nation as a potential source of renewable energy. The article referenced the amount of privately owned forests in Georgia, more than any other state in the country, as a reason for the state's ranking. Georgia Governor, Sonny Perdue stated, "Georgia's wealth of natural resources combined with our research institutions and a strong business climate, create an ideal environment for the development of renewable energy." When completed, the Georgia plant would have the capacity to produce several hundred thousand metric tons of biomass fuel pellets annually. These fuel pellets can be sold in bulk to power companies or bagged to sell to the consumer market.

 

Vega has also applied for a financial grant from the State of Georgia under the federal State Energy Program. The U.S. Department of Energy announced July 7, 2009 that Georgia will receive $32.9 million in federal money to support energy efficiency and renewable energy projects across the state. The money is part of a total of nearly $82.5 million the department will award Georgia as part of the federal State Energy Program. Georgia's proposal outlined plans for increasing the use of renewable energy and reducing greenhouse gas emissions. The state will get more than $41 million in additional funding upon demonstrating successful implementation of the plan that will create green jobs, address state energy priorities and adopt emerging renewable energy and energy efficiency technologies; all services that are provided by Vega.

 

The Company is also in the process of changing its legal name to Vega Biofuels, Inc. and will alert its shareholders when the process has been completed.

 

The Company's Mission Statement is to provide the most consistent and finest quality biofuel products to consumers throughout the world, and in doing so, increase our shareholder value.

 

We will have additional information concerning these projects as we move forward.

 

GREEN PLANET GROUP INCORPORATED (OTCBB: GNPG)

"Up 2.11% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/GNPG.php

 

Green Planet Group, Inc. is an emerging leader in environmentally safe products and services based in Scottsdale, Arizona. The Company engages in ongoing research and development to create products and services that enhance our environment. Revenues are currently derived from the production and distribution of fuel-based energy conservation and clean-air products, as well as through the placement of members of the growing ranks of the unemployed into meaningful “green collar” careers.

 

GNPG News:

 

October 26 - Green Planet Group Grows Revenues 3,000%

 

Green Planet Group, Inc. (OTCBB: GNPG) announced that its second quarter revenues increased to $16,230,000 which is just over a thirtyfold increase from the same period last year. Revenues for the first 6 months were $32.93 million versus $2.37 million from last year.

 

Edmond L. Lonergan, President/CEO of Green Planet Group, stated, “The exponential growth in our revenues has greatly strengthened all areas of our balance sheet as well as our cash flow and P&L performance. We believe that the continuation of this powerful trend will soon lead to sustainable profitability and the steady advancement of our products and Company in the exploding green marketplace.”

 

LEFT BEHIND GAMES INCORPORATED (OTCBB: LFBG)

"Up 20.53% in morning trading"

 

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 United States. The company develops its video game products based on the Left Behind series of novels and products. Its primary product includes LEFT BEHIND: Eternal Forces, a real time strategy game played by one person or online by up to eight players on personal computers. The company sells its products through a direct-to-store distribution channel or through distributors to Christian booksellers association and inspirational marketplaces. It markets its products in North America, Australia, Canada, Singapore, and South Africa. Left Behind Games, Inc. was founded in 2002 and is based in Murrieta, California.

 

LFBG News:

 

October 28 - Left Behind Games Announces Market Testing is Now Underway in Walmart Stores

 

Left Behind Games Inc. (OTCBB: LFBG), dba Inspired Media Entertainment, a leading publisher of Christian video games, announced that Walmart (NYSE: WMT) has now placed LFBG inventory in 85% of the 100 Walmart stores in the Dallas and Houston market areas where a product trial test is being conducted. Although the games were made available a week later than anticipated, they are now on the shelves in most of the test market stores. This has been confirmed first-hand by Inspired Media's Sales Representatives. Each participating store has received, or will receive, eight (8) games per title. The games are priced at $29.96 & $19.96 and are located among PC games in Walmart's Entertainment departments.

 

Troy Lyndon, CEO, says, "To enhance our marketing impact and increase sales, we have launched a 'Buy one from Walmart and get another FREE from us' campaign to 100,000 homes. Also, in an effort to promote the arrival of the games in Walmart stores, Inspired Media started on October 12th to send out letters of appeal to thousands of Texas-based church pastors, and will continue to do so over a 10-week campaign through Christmas. There is even more exciting marketing support planned to ensure positive results during this trial period. We are motivated to offer incentives for everyone to buy these games for themselves, their children and grandchildren, churches and home schools."

 

To take advantage of the special Walmart promotion, Inspired Media is encouraging everyone to find out more at www.inspiredmedia.com/walmart.

 

Christian products have gained popular acceptance in the music and book sections of retailers over recent years. For many years, Walmart has sold gospel music and both fictional and non-fictional Christian books, including the well-known Left Behind book series which has sold more than 65 million copies. Yet, there are few, if any, moral or Bible-based video game choices for youth and adults alike.

 

Now in a first step to fill this gap, Walmart is offering three of LFBG's PC video games to determine the response of consumers in the Texas trial area. The games include Keys to the Kingdom as well as the newest Left Behind and Charlie Church Mouse games. As our marketing efforts raise consumer awareness, we believe this pilot program will indicate a high level of interest in Christian based games.

 

The demographics in Texas make it an ideal testing ground for Left Behind PC Games where there are over 23,000 churches(1). Texas ranks first in the nation in the number of Evangelical Protestants (over 5 million), second in number of Mainline Protestants (over 1.7 million) and third in number of Catholics(2). There are almost 25 million residents in Texas(3), and Christians represent the greater portion of the 49%(2) who claim that they attend church or synagogue once a week(4).

 

Inspired Media Entertainment currently publishes six games including Tribulation Forces, the sequel to the original game LEFT BEHIND: Eternal Forces, known as the most widely distributed Christian PC game in history. The Company's LEFT BEHIND branded games are based upon the popular novel series by Tim LaHaye and Jerry Jenkins which have sold millions of books in 30 languages worldwide. Inspired Media also offers three games under the Charlie Church Mouse brand, for ages 2-8 and Keys of the Kingdom for all ages.

 

QUANTUM CORPORATION (NYSE: QTM)

"Up 15.95% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/QTM.php

 

Quantum Corp. is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs.

 

QTM News:

 

October 27 - Quantum Corporation Reports Fiscal Second Quarter Results

 

* Total revenue of $175 million — up 9 percent sequentially

* GAAP gross margin rate of 43.8 percent — highest in more than eight years

* GAAP net income of $11 million — highest in nearly five years

* Disk systems and software revenue of $28 million — up 36 percent year-over-year and 47 percent sequentially

 

Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, announced that revenue for its fiscal second quarter (FQ2'10), ended Sept. 30, 2009, was $175 million. This represented a 19 percent decline from the same period last year (FQ2'09), primarily due to the significantly weaker economy, a continued sales mix shift toward higher margin opportunities, and lower royalties (partly reflecting a one-time royalty payment from Riverbed Technology, Inc. last year). Despite the year-over-year decline, revenue grew 9 percent on a sequential basis. In addition, the company increased its GAAP gross margin rate to 43.8 percent and GAAP operating income margin to 8.5 percent — up from 38.5 percent and 2.6 percent, respectively, in FQ2'09. In both cases, this was the highest level achieved in more than eight years.

 

Quantum also reported its second consecutive quarter of GAAP profits, with $11 million in net income, or basic earnings per share of six cents. This compared to a GAAP net loss of $3 million in FQ2'09 and represented the company's best performance in nearly five years. The $11 million profit included a $2 million net gain related to the retirement of convertible debt, offset by $9 million in amortization of intangibles, $3 million in stock-based compensation charges and $2 million in restructuring costs. The net impact of these four items reduced basic earnings per share by five cents.

 

Quantum generated $31 million in cash from operations for the quarter, paid down $20 million of its senior debt, and ended the quarter with $85 million in cash and cash equivalents.

 

"Despite the continuing impact of the economic downturn and changes in the deduplication landscape, we delivered some of our best results in many years," said Rick Belluzzo, chairman and CEO of Quantum. "This included significantly higher gross margin rates, operating income and margins, and net income, compared to both last year and the prior quarter. We also generated strong growth in disk systems and software revenue, with our branded DXi backup/deduplication sales up significantly, both year-over-year and sequentially.

 

"Our September quarter results reflect a number of initiatives we have implemented over the past year, as well as an aggressive shift we made in our go-to-market focus during the quarter in response to changed industry dynamics," continued Belluzzo. "While we have more work to do in completing our transformation to a storage systems company, our performance clearly shows the substantial progress we've made."

 

Quantum's product revenue, which includes sales of the company's hardware and software products, totaled $118 million in FQ2'10. This represented a decrease of $25 million from FQ2'09, primarily reflecting expected declines in both OEM tape automation sales and OEM devices and media revenue.

 

Disk systems and software revenue, inclusive of related software maintenance and service revenue, was $28 million in the September quarter. This was up approximately $7 million from the same quarter last year, primarily due to record sales of Quantum's DXi7500 enterprise disk backup and deduplication system. Contributing to these record sales were several deals of more than a million dollars, including new DXi account wins at one of the top utility companies in the world and another national utility provider in Europe. Other notable DXi7500 wins included a large deal with one of the biggest U.S. insurance companies — a new DXi customer — and repeat business with one of the largest wireless providers in America, a U.S. Federal Reserve Bank and A roports de Paris.

 

The increase in disk systems and software revenue also included modest growth in StorNext� sales on both a year-over-year and sequential basis. In addition to a strong contribution from federal government business, Quantum closed several major StorNext deals, including a new win at one of the leading U.S. cable TV networks and repeat purchases by a large multimedia retailer and one of the biggest system integrators in China.

 

Looking beyond FQ2'10, Quantum said it expects to build on its branded revenue momentum in disk systems and software with last week's announcement of the company's new DXi6500 family, a set of preconfigured disk backup and deduplication appliances targeted at the midrange NAS market and optimized for sale through independent channel partners (see press release titled, "New Quantum DXi6500 Family Delivers Unparalleled Combination of Simplicity and Value in Midrange Deduplication," Oct. 21, 2009).

 

MASS HYSTERIA ENTERTAINMENT COMPANY INCORPORATED (OTC: MHYS)

"Up 30.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/MHYS.php 

 

Mass Hysteria Entertainment, Inc. is led by one of the driving forces behind the Independent Film business. Mr. Grodnik, CEO, has a career that spans roughly three decades. He has worked with every major studio as well as many of the better-known Independent companies. Currently, Mr. Grodnik is preparing a thriller titled "Carjacked," starring Ron Pearlman and directed by Peter Mednak; and the "Courier," an action film to be directed by Russell Mulcahy. Mr. Grodnik completed a romantic comedy last March titled, "Overnight" and is in development of a new theatrical film with two-time Academy Award winner for best picture, ("The Godfather" and "Million Dollar Baby") Albert S. Ruddy.

 

MHYS News:

 

October 14 - Mass Hysteria Entertainment Announces Hiring of New Media Pioneer Brent Friedman

 

Friedman's Credits Include "Mortal Kombat Annihilation," "Star Trek: Enterprise" and "Command & Conquer 3"

 

Mass Hysteria Entertainment Company, Inc. (OTC: MHYS) ("MHYS" or the "Company") announced the addition of Brent Friedman to the executive roster as Senior Vice-President of Technology. Following an extensive career in film, television and videogames, Mr. Friedman co-founded Electric Farm Entertainment three years ago. At EFE, Mr. Friedman created and produced the groundbreaking multi-platform series "Afterworld" and "Gemini Division," with two new series, "Woke Up Dead" and "Valemont" currently in release.

"As evidenced by his innovations at Electric Farm, Brent has a keen understanding of the unique relationship that's developing today between technology and content. Brent will be spearheading Mass Hysteria's efforts to bring its proprietary interactive experience into the theatrical arena," said Daniel Grodnik, Mass Hysteria's CEO.

 

"I'm excited to help Mass Hysteria re-invent the movie-going experience. I think it's going to be revolutionary," said Friedman. Mike Greenfield, Mass Hysteria's Senior Vice-President, was responsible for bringing Brett to the attention of the Company.

 

EVEROCK / NATURE'S PEAK INCORPORATED (OTC: EVRN)

"Up 43.75% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/EVRN.php 

 

Everock, Inc. produces a line of all-natural natural gourmet vegetable dips and sandwich spreads marketed under the Nature's Peak brand. Both VeggieDip and VeggieSpread are 100% all-natural, vegetarian, Kosher and gluten-free, contain no preservatives, artificial ingredients, trans-fats, or sugars. And each product currently comes in six flavors each, including novel delicious flavor combinations. Nature's Peak products may be found in natural food stores, specialty groceries as well as in regional and national grocery chains. Our products are also served by restaurants, delis and other food service providers across America.

 

EVRN News:

 

October 26 - Everock, Inc. / Nature's Peak to Sell VeggieDip and VeggieSpread Into Lucrative Military and Government Markets

 

Nature's Peak, through its master broker SourceOne Sales and Marketing, has established a relationship with Danthan Military Distributors, Inc. a leader in marketing to the U.S. Government and Military, to streamline the lengthy process of penetrating these lucrative markets.

 

Everock, Inc. / Nature's Peak (OTC: EVRN) announced that it will begin selling Nature's Peak's full product line to U.S. Military and key Government markets.

 

"We're very excited to now introduce Nature's Peak to the government and those serving in uniformed services. Successfully tapping into the vast potential of high volume - and consistent - sales to U.S. Government and Military can give Nature's Peak income and sales a real and sustainable boost," said Paul Wilkinson, CEO of Nature's Peak.

 

"The Military market represents a cohesive demographic of 1.5 million individuals on active duty with a recession-proof, average household income of $71,827."

 

And the total Market reach is more than 30 million, including active duty, reservists, and veterans with combined spending power exceeding $2 trillion," Wilkinson, continued.

 

"This relationship with Danthan through SourceOne comes at a perfect time as we finalize our capitalization to fulfill current orders and production."

 

Buying patterns that begin in one of the many countries hosting the American military often persist on their return home. This is one reason Nature's Peak believes developing the Military market at this time is a perfect complement to the Company's many existing National channels of distribution.

 

"SourceOne and Danthan have a successful history of collaboration on selling products to the military," said Bob O'Connell, managing partner with SourceOne Sales and Marketing. "Nature's Peak is a dynamic company with great products and we're pleased to assist them in this new market."

 

"We cover all segments of the U.S. Military Resale System on a world-wide basis, said Joyce Morris of Danthan Military Distributors, Inc. "We have substantial experience and a proven track record in helping business market their products and services to the government."

 

Paul Wilkinson, added, "Working with Danthan and SourceOne we will be able to offer healthful and tasteful alternatives for the families of our men and women serving our country and provide special offers as part our coming online sales program."

 

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