Our Stocks to Watch tomorrow include Cardio Infrared Technologies Inc. (OTC: CDOI), Netlist Inc. (Nasdaq: NLST), Viking Systems Inc. (OTCBB: VKNG), Tytan Holdings Inc. (OTC: TYTN), International Power Group Ltd. (OTC: IPWG) and Paradigm Medical Industries Inc. (OTCBB: PDMI).
CARDIO INFRARED TECHNOLOGIES INCORPORATED (OTC: CDOI)
"Up 436.59% on Friday"
Detailed Quote: http://www.otcpicks.com/quotes/CDOI.php
Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market to every country around the world. The equipment has already been featured on "Good Morning America" and "The View." Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes acquisitions and development of innovative new equipment and programs in the exercise and medical industries.
CDOI News:
October 12 - Cardio Cor Announces $400K in New Orders for Cardio Cor and Cardio Cor II™
Cardio Infrared Technologies, Inc. (OTC: CDOI), a leading Health and Wellness technology and marketing company, announced that it has received orders from a new Florida-based client for two of the Commercial Cardio Cor bikes and six Personal Cardio Cor II™ bikes.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated: "A new customer in
New customers are being told to get their orders in now or they will be on a waiting list that takes them to mid year 2010.
NETLIST INCORPORATED (NASDAQ: NLST)
"Up 115.94% on Friday"
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
VIKING SYSTEMS INCORPORATED (OTCBB: VKNG)
"Up 93.55% on Friday"
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 55.56% on Friday"
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.
INTERNATIONAL POWER GROUP LIMITED (OTCBB: IPWG)
"Up 57.45% on Friday"
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 58.33% on Friday"
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."
OTCPicks.com is located at
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stockbroker before investing.
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 has been compensated one million free trading shares by a non-controlling third party for PDMI advertising and promotional services.
