Our Stocks to Watch today include QuoteMedia Inc. (OTCBB: QMCI), Vega Promotional Systems Inc. (OTC: VGPR), American Sierra Gold Corp. (OTCBB: AMNP), Biomagnetics Diagnostics Corp. (OTC: BMGP), Pay88 Inc. (OTCBB: PAYI), Viking Systems Inc. (OTCBB: VKNG), Tytan Holdings Inc. (OTC: TYTN), Netlist Inc. (Nasdaq: NLST), Pop N Go Inc. (OTC: POPN), International Power Group Ltd. (OTC: IPWG) and Paradigm Medical Industries Inc. (OTCBB: PDMI).
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QUOTEMEDIA INCORPORATED (OTCBB: QMCI)
Detailed Quote: http://www.otcpicks.com/quotes/QMCI.php
Company Profile: http://www.otcpicks.com/quotemedia/quotemedia.htm
QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, visit www.quotemedia.com.
QMCI News:
November 12 - QuoteMedia Reports Third Quarter Results
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three and nine months ended September 30, 2009. These results reflect a 1% increase in third quarter revenue, to $1,910,884 from $1,888,279 in the comparative period in 2008. Revenue for the nine months ended September 30, 2009 increased 7%, to $5,658,444 from $5,300,350 in the comparative period in 2008.
“As forecasted, the global recession moderated QuoteMedia's revenue growth during the first three quarters of 2009,” says Keith Guelpa, President of QuoteMedia, Inc. “The downturn, however, has presented opportunities as the added pressure on financial sector firms to find more efficient and cost effective solutions to their data and technology needs has opened many new doors for QuoteMedia’s offerings. While we have suffered the loss of some smaller clients who have shrunk or ceased operations as a result of the negative market conditions, larger prospective new clients have been approaching us about replacing their current solutions. These larger opportunities generally take extended periods to close and to produce revenue streams, given the scale of the contemplated deployments and the time required to terminate their existing provider contracts. Quotestream Professional, our streaming real-time market data terminal for brokers and financial professionals, continued to garner increasing interest and broader market penetration during the 3rd quarter, with an increasing number of new client firms preparing for their initial rollout. Additionally, the company is in various stages of discussion and negotiation with respect to several large scale enterprise deployments of a wide range of our other product offerings. At a time when most of our competitors are struggling, discontinuing product lines, laying off staff and experiencing significant declines in revenues, we are pleased to see that we are not only weathering the storm, but strengthening and expanding. Given the opportunities we are seeing, and the inroads we’ve made so far this year, we expect strong revenue growth in 2010.
“We experienced a loss for the third quarter of $155,365 compared to a loss of $153,873 in the comparative quarter. The loss for the nine months ended September 30, 2009 was $556,490 compared to a loss of $869,550 in the comparative period. This represents a 36% improvement in operating results for the nine month period. In view of the economic conditions confronting our industry during 2009, we are satisfied with our performance to date, and we believe that we continue to be on target to meet our long term objectives.”
VEGA PROMOTIONAL SYSTEMS INCORPORATED (OTC: VGPR)
Detailed Quote: http://www.otcpicks.com/quotes/VGPR.php
Company Profile: http://www.otcpicks.com/Newsletter/VGPR_eProfile_110909.html
Vega Biofuels, Inc. (VGPR) was formed to pursue the production and sale of biofuel products throughout the world. With the growing need for clean energy, and the uncertain costs of fossil fuels, power generating plants around the world are looking at more useful and economical methods to run their power systems.
VGPR News:
November 5 - Vega Redesigns '
Vega Promotional Systems, Inc. (OTC: VGPR) announced the Company has entered into an Agreement with green energy expert, Robert Chew to redesign the "Green Valley Project."
Located in western
Vega recently announced it has entered into a Gas Purchase Agreement with
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 generate electricity from natural gas reciprocating engine generator sets.
Mr. Chew has been retained to manage the redesign of the project. One change that will be made is that the power generating capacity of the facility will be increased by 100% to generate approximately 5 megawatts of power that will be sold to the local power company.
A seasoned veteran of the energy industry, Mr. Chew has spent 17 years in the power sector mostly in
The Company will release additional details on The Green Valley Project as the project moves forward.
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
AMNP News:
November 10 - American Sierra Gold Corp. Signs LOI to Acquire Copper-Gold-Silver Project
American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, announced that it has signed a Letter of Intent to acquire a 100% interest in the Carol Project located in southern Sonora State, Mexico.
The Carol Project
The Carol property is comprised of six mineral concessions that cover 1,868 acres. It is located approximately 2 miles north of Frontera Copper Corp.'s Piedras Verdes copper porphyry mine, which is currently producing and has a reported proven and probable reserve of 191 million tonnes grading 0.36% copper.
The property is host to three distinct mineralized targets: the bulk tonnage-style Balde copper-zinc-gold-silver skarns, the Escondida shear zone and high-grade epithermal vein-hosted silver and gold.
The Balde Norte skarn is exposed over an area at least 700m long by 180m across, whereas the larger Balde Sur skarn target is exposed over an area that measures 1,100m by 400m. Small gambusino-style workings occur at the northern end of the Balde Sur target where sampling returned 8 metres grading 1.62% copper, 4.18% zinc and 10.0 g/t silver.
In the centre of the property is the La Escondida zone where sampling returned 8 metres averaging 1.10 g/t Au, 21.23 g/t Ag as well as 2.25% Cu. This zone is open both along strike and to depth. In 2008, a new gold zone discovered at Carol uncovered 20 metres averaging 0.66 g/t gold that is open in all directions. The highest gold assay received was 2.24 g/t.
"The Carol project is a valuable addition to our project portfolio. It has an exciting potential to host a bulk tonnage copper-gold-silver deposit and the property's infrastructure is excellent. A trenching program carried out in 2008 showed that the property contains multiple targets with average grades greater than 1% copper, 1% zinc, 6 g/t silver and 0.3 g/t gold," commented Wayne Gruden, CEO of American Sierra.
"Several of the target zones remain open in at least one direction. This is significant in that there is the potential, with additional exploratory work, to show mineralization over much wider widths. We will initiate the due diligence process as soon as possible and expect to sign a final agreement in the near future," added Mr. Gruden.
Under the terms of the Letter of Intent, to earn a 100% interest American Sierra will be required to pay the vendor US$50,000, spend US$600,000 on exploration expenditures over a three year period and issue 500,000 shares during the same period.
Correction to Press Release Dated September 30, 2009 on Urique Project
Our news release of September 30, 2009 reported one sampling result on the Urique South Zone that was incorrect. Please note that the correct local bonanza grade gold found on this zone was 10.6 g/t (grams per ton) gold.
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:
November 4 - Biomagnetics Applies for Gates Foundation Grand Challenge Grant
Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced it has submitted an application to the Bill & Melinda Gates Foundation for a grant to further develop the Integrate Optical Biosensor Sensor (IOBS) technology it is plans to bring to market. The topic for the Grand Challenge Grant is Low Cost Diagnostics for Global Priory Health Conditions, which includes both malaria and tuberculosis.
“The availability of low cost diagnostics for malaria and tuberculosis are major concerns for not only health care professions, but also for the Gates Foundation. The technology we plan to introduce reduces the cost of traditional malaria testing by up to two-thirds,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “The IOBS platform produces test results measured in only minutes, whereas traditional methodologies often take many days. Additionally, the handheld IOBS platform can be utilized in the field at point of care by relatively untrained personnel. We believe the IOBS platform holds the promise to revolutionize testing for not only malaria, but also for many other diseases including tuberculosis and HIV/AIDS. We believe the Gates Foundation had a device such as IOBS in mind when it devised the specifications for the Challenge Grant.”
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.
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
PAYI News:
November 9 - Pay88, Inc. Takes First Step to Becoming Online Supermarket of Financial Products and Services
Pay88, Inc. (OTCBB: PAYI) announced that it has signed an LOI with Chongqing Kai Yuan investment Co. marking Pay88's first step toward achieving their goal of becoming China's online supermarket of financial products and services.
Chongqing Kai Yuan Investment Co. is a niche financial services firm that provides micro-loans to small enterprises throughout
Pay88, is already the leading reseller of internet game time in
The agreement with Chongqing Kai Yuan will soon make it possible for new clients to use Pay88's platform to apply for loans online. In addition, it will allow current clients to register, maintain and update their business profiles and financial reports online, a convenience that wasn't previously available. Pay88 projects the expansion of their platform, making these services fully available, will be complete by Q1 of 2010.
Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, "Kai Yuan has a solid management structure with excellent local know-how about Chinese enterprises, the capital markets and the finance systems, and they provide valuable financial products and services to their clients. This agreement leverages Pay88's large customer base, diverse distribution channels and strong presence in
"Our long-term goal," he adds, "is to digitize and streamline the whole processes of customer acquisition, client management, loan application and loan issuing. Once the expansion of our platform is complete, we plan to co-design and digitize an entire series of financial products, not only with Chongqing Kai Yuan Investment Co., but with many reputable financial services firms."
VIKING SYSTEMS INCORPORATED (OTCBB: VKNG)
"Up 61.29% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/VKNG.php
Viking Systems, Inc. (OTCBB: VKNG) is a leading worldwide developer, manufacturer and marketer of visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time.
VKNG News:
November 3 - Viking Systems, Inc. Reports Third Quarter Results; Provides Business Updates
Viking Systems, Inc. (OTCBB: VKNG), a supplier of 2D and 3D visualization systems for the medical market, today announced results for the quarter ended September 30, 2009. The Company reported that it has made significant progress in its objective to reach sustainable positive cash flow from operations and that it is exploring strategic and financing options in order to fund anticipated 2010 operating losses while the Company develops and launches its "Next Generation" 3DHD Visualization System. Additionally, the Company discussed a significant order for its current 3Di system, its technology outlook and several pending changes in its management and governance structure.
Sales
Sales were $1,995,614 for the three months ended September 30, 2009 and $1,585,826 for the three months ended September 30, 2008, representing an increase of 26%. For the nine months ended September 30, 2009, sales increased 16% to $5,149,504 compared with the same period in the prior year. The increase in sales during the quarter ended September 30, 2009 was due to increased sales of approximately $590,000 of a proprietary visualization system designed for and distributed by one specific customer as they elected to increase inventory levels of such product. Sales to this customer increased by approximately $1,210,000 during the nine months ended September 30, 2009 compared with the same period in the prior year.
Net Loss
The net loss was $195,877, or $0.00 per share for the quarter ended September 30, 2009 compared with a net loss of $43,599, or $0.00 per share for the same period in 2008. Other income included a $1,000,000 license fee in the quarter ended September 30, 2008. For the nine month periods ended September 30, 2009 and 2008 the Company incurred net losses of $882,669 or $0.02 and $5,055,726 or $0.12 per share, respectively.
Operating Loss
As a result of increased sales, higher margins and reduced operating expenses the Company has substantially reduced its operating losses. The operating loss was $193,316 for the quarter ended September 30, 2009 compared with $1,044,557 for the same period in 2008. For the nine month periods ended September 30, 2009 and 2008 the Company incurred operating losses of $996,863 and $3,947,760, respectively. The operating loss before non-cash charges was $34,418 for the quarter ended September 30, 2009 compared with $803,047 for the same period in 2008. For the nine month periods ended September 30, 2009 and 2008 the Company incurred operating losses before non-cash charges of $435,654 and $2,595,724, respectively.
In October 2009, the Company received the largest order in its history for its proprietary 3Di vision systems. This order, totaling approximately $900,000, was from the U.S. Army for deployment of one of our complete 3Di systems at each of seven regional Army Medical Centers throughout the
Technology Update
In October, a major milestone was achieved when Viking Systems' "Next Generation" 3DHD camera system was demonstrated to the surgical community utilizing a prototype Sony 3DHD flat panel display at the American College of Surgeon's 95th annual Clinical Congress in Chicago. Jed Kennedy, Viking's president and chief operating officer, described the reaction of the medical community saying, "We were extremely pleased with the level of interest shown by all surgical specialties. Well over 1,500 attendees waited their turn to see the interactive 3DHD demonstration and appeared delighted with what they experienced. While 2D high definition cameras now represent the vast majority of placements in the approximately $1 billion surgical video systems market, it is now clear that 3DHD is the next advancement in endoscopic surgical vision." Viking and Sony plan a similar demonstration at MEDICA, the world's largest medical device trade show, held every year in November in
Later this month, Viking Systems plans to deliver a "designed to specification" prototype high definition 3DHD visualization system to a manufacturer of surgical robotic systems as part of a development agreement. The system prototype is a key deliverable in the completion of the development arrangement. While there can be no assurance that at the completion of the development contract a supply agreement will be awarded, Viking believes that the new product has several unique features that will address specific market needs and that the Company is well positioned to support any production needs for the system.
Over the next twelve months Viking Systems intends to complete the development of its unique "Next Generation" 3DHD Visualization System for Minimally Invasive Surgery and currently plans to launch the system at the
Financing Update
Viking disclosed in previous public filings that in the fourth quarter of 2008 it engaged an investment banking firm to assist management in exploring strategic options. A number of third parties executed confidentiality agreements with the Company during this process. Over the past nine months the Company has had and, in some instances, continues to have varying levels of discussion with certain of these parties. However, absent expeditious developments related to a potential sale of the Company, Viking plans to seek adequate financing to support operations during the commercialization of its "Next Generation" 3DHD system.
Management and Governance
When Viking Systems was recapitalized on January 4, 2008, William C. Bopp, currently chairman and chief executive officer, signed a two year employment agreement. At the end of 2009, it is the intention of the Board of Directors to promote and appoint John "Jed" Kennedy, currently president and chief operating officer, to the position of president and chief executive officer. It is anticipated that Mr. Bopp will continue to serve as Chairman of the Board of Directors. Mr. Bopp said, "This transition recognizes the contributions of Mr. Kennedy to the success of Viking Systems to date and the Board's confidence in his leadership ability for the future."
Separately, J. Winder Hughes has tendered his resignation from the Board effective November 2, 2009. Mr. Hughes has indicated his interest in assisting the Company in raising funds and believes it will be in the Company's and his best interest if he is an independent investor able freely to participate in such a financing. Mr. Bopp said, "We have valued Winder Hughes' counsel as a Board member and look forward to a continued association with him should a financing be undertaken."
TYTAN HOLDINGS INCORPORATED (OTC: TYTN)
"Up 84.44% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TYTN.php
Tytan Holdings, Inc. is a holding corporation with strategic focus in acquisition of agricultural equipment manufactures and exploration of environmental technologies.
TYTN News:
November 12 - Tytan Holdings, Inc. Announces LOI to Acquire Tytan International
Tytan Holdings, Inc. (OTC: TYTN) announced that it has entered into a Letter of Intent to acquire One Hundred Percent (100%) of Tytan International, Inc., a privately-held tractor company with exclusive manufacturing agreements in China.
ABOUT TYTAN INTERNATIONAL INC.
Tytan International has several patents/patent pending products that create a strong niche for keeping sales & profits high which include: the Kingchipper, the 4N1 loader bucket, their backhoe bodies mount system, its rear fill fuel tank, the new super starters, the Dual Trax tires, and more.
Tytan's leadership has been successful in the past 25 years with finding successful niches in the retail & wholesale markets. Most of those years were spent building alliances in
With the recent explosion of the Chinese automobile industry, there has been a huge boom in quality. Tytan International is on the leading edge and will be there with a new era of products in 2010 that will meet or beat any competitor's, all with the value conscious consumer in mind.
NETLIST INCORPORATED (NASDAQ: NLST)
"Up 27.53% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NLST.php
Netlist, Inc. designs and manufactures high-performance, logic-based memory subsystems for the server and high-performance computing and communications markets. The Company's memory subsystems are developed for applications in which high-speed, high-capacity memory, functionality, small form factor, and heat dissipation are key requirements. These applications include tower-servers, rack-mounted servers, blade servers, high-performance computing clusters, engineering workstations, and telecommunication equipment. Netlist was founded in 2000 and is headquartered in
NLST News:
November 11 - Netlist Launches World's First 16GB, 2 Virtual Rank Memory Module
New memory module, HyperCloud, enables 384GB of DRAM in a dual socket server
Netlist, Inc. (Nasdaq: NLST), a designer and manufacturer of high-performance memory subsystems, today launches HyperCloud™, the world's first 16GB, 2 virtual rank (vRank) memory module for servers. A double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud maximizes server utilization to improve datacenter application performance. HyperCloud allows 384 Gigabytes (GB) of dynamic random access memory (DRAM) to be populated in a single dual socket server, reaching unprecedented levels of server performance.
HyperCloud utilizes Netlist's patented rank multiplication ASIC technology to fully populate three memory channels with 16GB vRank RDIMMs. Four physical ranks are hidden from the memory controller hub and presented as 2 vRanks. Dual socket servers can then be fully populated with 24 16GB 2 vRank RDIMMs reaching a total capacity of 384GB.
"In HPC datacenters, servers are typically under-utilized due to memory bandwidth and memory capacity bottlenecks. Netlist is addressing these limitations with its new high-performing DDR3 RDIMM solution, called HyperCloud," said Steve Conway, Research Vice President of Technical Computing at IDC. "HyperCloud is designed to improve server productivity and application performance, especially for memory-intensive applications and workloads."
With load reduction, servers populated with four DIMMs per channel can operate at the highest transfer-rate of 1333MT/s providing maximum memory bandwidth, increased server performance and low latency.
"HyperCloud marks an important step for Netlist as we look to fill the datacenter memory gap," said C.K. Hong, President and CEO of Netlist. "Growth in key technologies like virtualization and cloud computing has been stymied by the limitations of existing memory solutions. By breaking memory barriers, HyperCloud successfully supports these applications and others like high-performance computing. Maximizing memory is the easiest way to improve performance and lower operating expenses for datacenters."
HyperCloud will debut at the Supercomputing tradeshow, taking place in
POP N GO INCORPORATED (OTC: POPN)
"Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/POPN.php
Pop N Go produces a unique hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications.
POPN News:
November 10 - Randy Rogers Joins Team Pop N Go
Pop N Go, Inc. (OTC: POPN) announced that Randy Rogers will head up the Company's new
"We are pleased that Randy will be bringing his years of retail experience to Pop N Go. He is the perfect individual to launch our national chain store program. His understanding of the retail environment will be invaluable in helping Pop N Go secure national accounts with thousands of locations," said Mel Wyman, Pop N Go's CEO.
"Pop N Go offers a product that is perfect for today's retail environment. Our patented popcorn vending machine combines all of the elements that work in today's challenging retail environment. We have a family oriented healthy snack that provides value for the consumer and allows the retailer to customize and brand our machine for many in-store cross promotion programs. We intend to offer a complete turnkey program that will deliver reliable cash flow to retailers across
INTERNATIONAL POWER GROUP LIMITED (OTCBB: IPWG)
"Up 27.66% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IPWG.php
International Power Group, Ltd., a development stage company, engages in the construction and management of waste disposal plants in the
IPWG News:
October 27 - International Power Group, Ltd. Responds to Depository Trust Company and Provides Shareholder Meeting Update
International Power Group, Ltd. (OTC: IPWG), a leading provider of waste to energy solutions, including waste to energy development and waste to energy technologies, announced that on October 27, 2009 the Company, through its counsel, and on behalf of its shareholders, filed a demand for hearing before the Depository Trust Company ("DTC") pursuant to its administrative rule R. 22. IPWG has taken this action to address what it believes is a wrongful and undeserved "chill" of the trading of its public stock by DTC.
IPWG's CEO, John Benvengo stated, "IPWG believes that the DTC chill is damaging the market of IPWG's stock, therefore, we have been forced to take this action to protect our shareholders who utilize DTC to transact their trades of our security."
Further, IPWG Announced that on October 14, 2009, it held its Shareholder Meeting, at which a quorum was reached and a majority vote of shareholders was certified for the following issues:
* The following eight (8) board of directors were elected: Daniel Conte; John Benvengo; Jose Garcia; Jerry Pane; Howard Schechter; Sheldon Baer; Robert Astore; and Georgy Grechko;
* The appointment of Robert Jeffrey, CPA as the independent accountants of the Company for the fiscal year ending December 31, 2010 was ratified;
* The 2009 Stock Incentive Plan was adopted and approved;
* A change of Corporation's State of
* The Corporation's name change from IPWG, Limited to IPWG, Incorporated was approved; and
* Ratification and approval of the increase in the number of the authorized common shares, as well as the increase in the number of shares that are designated as preferred shares.
* A copy of the certified shareholder count for each proxy item is available for inspection by all shareholders. Further, after the conclusion of the formal meeting and vote of shareholders, IPWG's CEO, John Benvengo, delivered an operational update that outlined, among other things, the following items:
* IPWG, in an effort to conserve capital resources and relieve it of the costs and burdens of reporting, last May chose to file for relief from these mandates for the time being. IPWG is now working to complete its audits and financial statements to become a fully reporting entity for the benefit of all its shareholders and the public market.
* IPWG has repositioned and restructured itself to be a leader in the Green Energy sector. IPWG efforts in this regard have allowed it to move forward despite the economic challenges of today's business environment. Working with its outside consultants and advisors, IPWG has created operating divisions for better management and definition of our business to financial partners and the business world in general. In September 2009, IPWG completed operational restructuring, creating two operating divisions: (1) IPWG Green Development and (2) IPWG Green Technology. IPWG Green Energy Development will focus exclusively on the development of Waste to Energy ("WTE") power plants throughout the world, and execute on the WTE opportunities that IPWG has successfully procured in the past. Through its new Green Technology Division, IPWG has created a plan of action to acquire other "green technologies" in the market to merge into its Green Technology division and is currently reviewing "green" technologies for acquisition. This is in addition to the Add Power technology which is now part of this operating division.
* IPWG has begun planning a new business division that compliments IPWG's newly created operating divisions. This division will manage the Carbon Credits we expect to be created by our Green Development division. This subsidiary will house and market Carbon Credits created by IPWG's WTE development projects and implementation of Green Energy Technologies.
PARADIGM MEDICAL INDUSTRIES INCORPORATED (OTCBB: PDMI)
"Up 33.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PDMI.php
Paradigm Medical Industries, Inc. is a medical device company that develops, manufactures and distributes cutting edge, new innovative products in the diagnostic ultrasound and early glaucoma detection markets. Paradigm has the only patented technology utilizing photon laser for cataract removal. The Company is poised to capture a niche market within the Glaucoma and ultrasound microscopy fields. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics throughout the
PDMI News:
June 1 - Paradigm Medical Announces Plans to Release Its New Corneal Topographer, the Paravue, in the
Paradigm Medical Industries, Inc. (OTCBB: PDMI) announced that the Company will soon begin to introduce the first of its four new ophthalmic diagnostic devices, the Paravue, during the remainder of 2009. The Paravue is a sophisticated topographer utilizing Placido Disk Technology and an advanced software to provide accurate and detailed analysis of the anterior corneal surface.
Corneal topography — also known as videokeratography or corneal mapping — represents a significant advance in the measurement of the corneal curvature. Most corneal topographers evaluate 8,000 to 10,000 specific points across the entire corneal surface. By contrast, the Paravue processes more than 100,000 points. It also offers corneal wave front analysis with 2, 3 or 4 maps available for comparison.
The Paravue provides both a qualitative and quantitative evaluation of corneal curvature. It does so by utilizing a big placido disk with 24 concentric rings, which project onto the cornea to create a virtual image. The device compares this image to the target size, and the computer then calculates the corneal curvature. Advanced features including advanced rings editing, variable scales, refractive power map and more make the Paravue a valuable tool in the optometric and ophthalmic clinics.
"The addition of the Paravue to our existing ophthalmic product line fills an important segment that was missing," said Paradigm Medical President, Stephen Davis. "We are excited to offer not just another topographer, but one with many impressive features and incredibly friendly software that provides ease of use, flexible mapping and accuracy."
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Information contained in our report will contain "forward looking statements" as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company's operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov/ and FINRA at http://www.finra.org/.
Disclosure: OTCPicks.com is being compensated via a services swap with QuoteMedia for QMCI advertising and promotional services. OTCPicks.com has not been compensated for VGPR advertising and promotional services, but OTCPicks principles have purchased five hundred thousand free trading shares in the open market and reserves the right to sell any or all shares at any time. OTCPicks.com has been previously compensated seven thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated twelve thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks has been compensated seven thousand five hundred dollars from a non-controlling third party (BlueWave Advisors) for AMNP advertising and promotional services. OTCPicks.com has been compensated six thousand five hundred dollars by a third part (Ladasa Inc.) for a two-week PAYI advertising and promotional program. OTCPicks.com has been compensated one million free trading shares by a non-controlling third party for PDMI 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.
