VGPR, OPSY, WWPW, ECOB, DRLY, SNBP, QEDN, BZCN, NEXM, BRYN, SCLD, IMDS OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, November 24th

Our Stocks to Watch today include Vega Promotional Systems Inc. (OTC: VGPR), Optical Systems Inc. (OTC: OPSY), Wind Works Power Corp. (OTCBB: WWPW), EcoBlu Products Inc. (OTCBB: ECOB), Doral Energy Corp. (OTCBB: DRLY), Sinobiopharma Inc. (OTCBB: SNBP), QED Connect Inc. (OTC: QEDN), BizAuctions Inc. (OTC: BZCN), NexMed Inc. (Nasdaq: NEXM), Bryn Resources Inc (OTC: BRYN), SteelCloud Inc. (Nasdaq: SCLD) and Imaging Diagnostic Systems Inc. (OTCBB: IMDS).

 

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

 

VEGA PROMOTIONAL SYSTEMS INCORPORATED (OTC: VGPR)

"Up 38.64% in morning trading"

 

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 17 - Trading Overview for Vega Promotional Systems Inc. Issued by Beacon Equity

 

BeaconEquity.com announces an investment report featuring Vega Promotional Systems Inc. (OTC: VGPR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.

 

Vega Promotional Systems Inc. (VGPR) engages in the production and sale of biofuel products worldwide. The Company manufactures energy efficient pellet fuel made from organic waste by-products. It offers bio-mass and bio-diesel products for power generation units.

 

In the report, the analyst notes:

 

"VGPR recently announced that its board of directors has approved a move from the Pink Sheets to the OTCBB. The Company is currently interviewing accounting firms to handle the audit associated with the move and hopes to have a firm secured in the next few days and will provide further updates as this matter progresses.

 

"The Company has applied for a grant from the State of Georgia under the federal State Energy Program to help fund the construction of the manufacturing plant. 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 of which are services that are provided by VGPR."

 

To read the entire report, visit www.beaconequity.com/i/VGPR.

 

OPTICAL SYSTEMS INCORPORATED (OTC: OPSY)

 

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

 

Company Profile: http://www.otcpicks.com/optical-systems/optical-systems.htm

 

Optical Systems, Inc., through its operating subsidiary, Automotive Software Designers, Inc., develops technology and services for the automotive retail industry designed to maximize productivity and increase profits at auto dealerships. ASDI's flagship technology solution, Save-a-Deal, is a turnkey customer relationship management (CRM) tool for auto dealerships. Our business development center (BDC) provides a variety of services designed to help auto dealerships drive traffic to their showroom or Web site, retain customers and generate new streams of revenue.

 

OPSY News:

 

November 23 - SmallCapSentinel.com: Finding a Niche

 

The software sector is dominated by Goliath-like names that nearly every investor is familiar with. Microsoft, Oracle, and a few other players rule the proverbial roost in the software world when it comes to sales, profits and investor affection. To be sure, the software business is split into kingdoms. Microsoft dominates software applications for personal computers while Oracle is an enormous provider of enterprise software. This certainly curtails room for competitors, but if a smaller player can focus on the right niche, it just might find its way to prime-time billing in an industry.

 

Optical Systems Inc. (OTC: OPSY) appears to have found its niche in the automotive industry and recent news affirms some traction. Texas-based Optical Systems makes customer relationship management (CRM) software for auto dealers. The company recently launched the latest version of its flagship product, Save-a-Deal 2010, which helps car dealers increase their profitability. At its core, Save-a-Deal helps dealers sell more cars while boosting per vehicle profits — all while reducing dealer costs. In other words, in what is one of the most margin-sensitive businesses around, many car dealers could potentially benefit from deploying software from Optical Systems.

 

There is one certainty about the car business and it is that dealers have to sell cars regardless of the economic climate. Compare that to traditional software where businesses and retail consumers often cut back on new technology purchases when the economy is weak and Optical Systems has that advantage compared to its larger software peers. Optical Systems' laser-like focus on car dealers works to the company's advantage and in turn, to the benefit of Optical System's pursuit of its own niche.

 

A profile featuring OPSY and of interest to investors of automotive companies Honda Motor Company (NYSE: HMC), Toyota (NYSE: TM), Ford Motor Co. (NYSE: F), and Daimler AG (NYSE: DAI) is available at www.smallcapsentinel.com/OPSY.

 

November 23 - New Auditing Feature in Save-a-Deal 2010 Designed to Protect Dealerships From Fraud and Theft

 

Automotive Software Designers, Inc., a leading provider of software and services for the automotive retail industry and a wholly owned subsidiary of Optical Systems, Inc. (OTC: OPSY) announced the addition of an all-new fraud and theft audit (FTA) report to the latest version of the Company's flagship, customer relationship management (CRM) software for auto dealerships, Save-a-Deal 2010.

 

"The new FTA report in Save-a-Deal 2010 protects dealerships from fraud, theft, abuse, and waste," said B.J. Grisaffi, Chairman and Chief Executive Officer of Optical Systems, Inc. "Our advanced data mining and security features create an impermeable, detailed audit of inventory and customers that lets dealerships know where fraud occurs, and prevent against any future occurrences."

 

Save-a-Deal is a comprehensive, fully-integrated front office software solution specifically designed to increase auto dealerships' profitability. When properly used, this scalable CRM system is guaranteed to increase unit sales and profit-per-vehicle, while lowering costs through enhanced efficiency. Save-a-Deal 2010 is a more streamlined, cost-effective CRM solution than its predecessor with added capabilities in remote personnel management, customer service, training, and security.

 

New features in Save-a-Deal 2010 include:

 

* Real-time access speeds with normal content loads of more than 200,000 database records from three different states with multiple, concurrent users.

* Added scalability from modular software architecture.

* Significant cost savings on installation and maintenance.

* Three levels of security to ensure protection of dealerships' sensitive data and information.

* More customization for electronic records management.

 

"Finance managers can't afford to have discrepancies in their reporting," said Grisaffi. "The FTA report is designed to provide finance managers with air-tight audits and unparalleled security."

 

WIND WORKS POWER CORPORATION (OTCBB: WWPW)

"Up 3.31% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/wind-works-power.htm

 

Wind Works' mission is to become a leading developer of wind energy projects in North America and Europe.

 

WWPW News:

 

November 19 - Wind Works Power Corp. Submits Application for Power Contract Under the New Feed-In Tariff Program in Ontario

 

Wind Works Power Corp. (OTCBB: WWPW) (Frankfurt: R5E1) (WKN: AOKE72) announced that it is submitting an application for its 10 megawatt (MW) Clean Breeze wind energy project for a power contract under the new Feed-in Tariff program as part of the Ontario Power Authority initial launch period.

 

"We are excited to be submitting our first application for a power contract under the new Feed-in Tariff program in Ontario. We expect to submit a number of additional applications for other projects in our portfolio over the coming days as we approach the November 30th deadline," commented Dr. Ingo Stuckmann, CEO and director of Wind Works. "The granting of a power contract is a big milestone as it provides economic certainty and significantly increases the value and marketability of a project."

 

The Feed-in Tariff (FIT) contract program is part of the new Green Energy Act in Ontario and offers a power contract with a guaranteed rate of C$135.00/MWh over a 20-year term to qualified wind energy projects. The Ontario Power Authority (OPA) initial launch period deadline for FIT applications is November 30, 2009. This first launch period is designed for projects that were being developed under the Renewable Energy retired Renewable Energy Standard Offer Program (RESOP program) and are therefore further advanced. Criteria of earlier commercial operation dates is one such factor in obtaining priority access to transmission availability. To be awarded a Power Purchase Agreement (PPA) under the FIT rules, the application has to be submitted in accordance with strict regulations which can be accessed in details via the OPA website at www.powerauthority.on.ca/

 

Clean Breeze is 10MW project located in Ontario, Canada in the Northumberland Hills. This project has been under development for over 3 years and is only 5kms from the north shore of Lake Ontario in an area of high elevation that can optimize the wind resources to a maximum. Annual mean wind speeds are measured at over 6.7 meters per second at an 80 m hub height.

 

ABOUT ZERO EMISSION PEOPLE

 

The vision of Zero Emission People is to provide the opportunity for anyone to invest early in the development of renewable wind energy projects. As an example, as little as a $10,000 investment in a wind park blows away a person's carbon footprint. We believe in making sound, environmentally conscious investments that are good for all shareholders, people and our planet.

 

ECOBLU PRODUCTS INCORPORATED (OTCBB: ECOB)

 

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

 

Company Profile: http://www.otcpicks.com/ecoblu-products.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.

 

ECOB News:

 

November 23 - EcoBlu Adds Insulation to Its Product Line

 

New Product Includes Mold and Fire Protection

 

EcoBlu Products, Inc. (OTCBB: ECOB) announced that it has added Cool Blu Insulation, a cellulose based insulation for new construction and retrofits, to its product line. Cool Blu Insulation will contain EcoBlu's mold protection as well as its exclusive FRC™ technology (Fire Retardant Coating) to provide Class A fire protection.

 

Cool Blu Insulation is a natural product made from 85% recycled paper fiber, is safe for the environment, contains no harmful chemicals or irritants, and does not pose off gassing or Volatile Organic Compound (VOC) concerns. When installed, it provides home builders superior thermal performance, sound control and permanent fire resistance. Recent research shows the United States insulation market is $8.5 billion and is expected to grow 5.3% annually through 2012. This is potential positive revenue growth for EcoBlu and is an excellent complement to its wood products.

 

"This addition to our product line gets us closer to offering a complete package of eco-friendly building materials. Our goal is to provide products that save energy, improve indoor air quality, improve the sustainability of our forests and save lives," said Steve Conboy, President and CEO of EcoBlu Products. "Using Cool Blu Insulation along with our BLUWOOD™ coated wood products will allow builders and developers to build safer and more energy efficient homes," added Conboy.

 

Cool Blu Insulation is proven to reduce energy consumption by slowing air infiltration better than other insulation materials due to its density, and outperforms fiberglass insulation products with 57% better fire resistance.

 

The Company will also be demonstrating their exclusive FRC technology (Fire Retardant Coating) on wood structures and new Cool Blu Insulation today at the grand opening of its EcoGreen Exchange, a showplace for green building products and new corporate headquarters for EcoBlu Products. The grand opening will feature TV personality Lisa Ling and her husband Dr. Paul Song who are building an energy neutral home using EcoBlu products and are active in the environmental community.

 

DORAL ENERGY CORPORATION (OTCBB: DRLY)

 

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

 

Company Profile: http://www.otcpicks.com/doral-energy-corp.htm

 

Doral Energy Corp. is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Doral's first producing assets, the Hanson Properties in Eddy County, New Mexico, located in the northwestern Permian Basin of New Mexico.

 

DRLY News:

 

November 23 - Cohen Independent Research Group Issues Long Term Price Index Target Price of $1.21 on Doral Energy Corp.

 

Doral Energy Corp. (OTCBB: DRLY) ("Doral" or "the Company"), announced that Cohen Independent Research Group, Inc., Wall Street's leading independent fundamental research firm, has issued a research report on Doral Energy Corp. with a long-term target price of index of $1.21.

 

For the full report please visit Cohen Independent Research Group's website, www.cohenresearch.com.

 

SINOBIOPHARMA INCORPORATED (OTCBB: SNBP)

"Up 3.57% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/sinobiopharma/sinobiopharma.htm 

 

Sinobiopharma, Inc. is a fully integrated and highly innovative specialty biopharmaceutical company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, the world's fastest growing pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical Co., Ltd. in China, the Company's current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs.

 

SNBP News:

 

November 19 - Zacks Equity Research Initiates Coverage on Sinobiopharma

 

Zacks Equity Research has initiated investment research coverage on Sinobiopharma, Inc. (OTCBB: SNBP) with an Outperform and six month target price of $0.80.

 

Jiangsu, China-based SNBP, known domestically as Dong Ying Pharmaceutical Co. Ltd., is a fully integrated and high growth company engaged in the R&D, manufacture and distribution of biopharmaceutical products. The company focuses primarily on the development of anesthesia-assisted agents as well as antibiotics for penicillin-allergic patients and cardiovascular-related products related to high blood pressure (commercial in October 2009). KuTai, SNBP's flagship product is a first-to-market Cisatracurium Besylate injectable that serves as a low cost skeletal muscle relaxant used during pre-surgical and surgical procedures.

 

The company holds five patents in Chiral Pharmaceutical Ingredient Synthesis and Purification, and Molecular Packaging Formulation (see proprietary technology section) and has the longer-term ability to expand both the breadth of its product line and market share through R&D partnerships with Cornell University, Nanjing University, China Pharmaceutical University, and Nanjing Medical University.

 

Trading Overview for Sinobiopharma Inc. Issued by StockPreacher.com

 

StockPreacher.com announces an investment report featuring biotechnology company Sinobiopharma Inc. (OTCBB: SNBP). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

 

The investment report on Sinobiopharma Inc. (OTCBB: SNBP) should be of particular interest to other biotechnology companies: Sunesis Pharmaceuticals Inc. (Nasdaq: SNSS), Prestige Brands Holdings Inc. (NYSE: PBH), Synta Pharmaceuticals Corp. (Nasdaq: SNTA) and GlaxoSmithKline plc (NYSE: GSK).

 

The full report is available at www.stockpreacher.com/n/SNBP

 

Sinobiopharma Inc. (SNBP) is an emerging, fully integrated and highly innovative biotechnology company engaged in the research and development, manufacture and marketing of biopharmaceutical products in China, the world's fastest growing pharmaceutical market. Known as Dong Ying (Jiangsu) Pharmaceutical Co. Ltd. in China, the Company's current therapeutic focus is on anesthesia-assisted agents and cardiovascular drugs. SNBP's flagship drug — Cisatracurium besylate — captured 65% of the Chinese market within 14 months of launch.

 

In the report, the analyst notes:

 

"SNBP's key product is a patented version of Cisatracurium besylate, a pre-surgical skeletal muscle relaxant marketed as Kutai in China, and is the world's first that can be stored at room temperature. ... In March 2009, the Company announced that its patented version of Cisatracurium besylate has successfully concluded its phase IV Clinical Study. The yearlong clinical research project showed no significant differences between Kutai and imported Cisatracurium besylate, and no significant differences for Kutai safety and effectiveness when stored at either room temperature or a lower temperature. The Company estimates that the value of Chinese market is US$120 million and the global market at US$1 billion.

 

"SNBP conducts research and development through Nanjing Su Ji Biotech Research Development Center and in cooperation with the Medicinal Chemistry Research Institute, Nanjing University. Both are located at Nanjing University in Nanjing. The city has emerged as one of China's major biotech research and development centers. The Company's R&D team of 18 specialists is highly experienced research personnel and medical professionals."

 

QED CONNECT INCORPORATED (OTC: QEDN)

"Up 33.33% in morning trading"

 

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

 

QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet any time, any location; solving problems created by today's 'virtual' work environment (branch offices, remote workers, traveling employees). Omni Manager is a web-hosted software application that includes Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies.

 

QEDN News:

 

November 12 - QED Connect Merger Partner Seeking to Finalize Contract

 

QED Connect Inc. (OTC: QEDN) ("QED Connect"), an innovative, software-as-a-service (SaaS) provider for the information security market, announced its merger partner, Southeastern Retail Services, Inc., d/b/a "ProRemote Solutions" is in the process of finalizing a contract for the placement of its ProRemote Solutions products.

 

Under the proposed contract, with one of the leading metro-Atlanta Sports Bar entertainment complexes, ProRemote has agreed in principal to provide its remote control products that will allow the operator of the establishment to simultaneously control multiple channels, on/off and volume levels for their over 100 displays with a click of a button from the ProRemote, single-source remote control. The remote also provides the convenience of allowing the user to set favorite stations such as Monday Night football to deliver seamless selection of sporting events via a point-a-click environment. The events can be pre-programmed in advance to change the station without additional interaction from the staff. Also included will be surveillance cameras and security controls for arming and disarming the alarms. All features can be controlled via the internet remotely.

 

Michael A. Gregorakos, president of ProRemote Solutions, said, "The market opportunity for our product is very large as there are thousands of sports bars in the US market. All the establishments have the same issues and our solution offers a simple approach to allow them to better serve their customers."

 

ABOUT PROREMOTE SOLUTIONS

 

ProRemote Solutions is a manufacturer of innovative, home based technology solutions for the Home Theatre Industry. The company provides a value proposition of proprietary, single source remote control solutions integrating audio & video media servers along with remote monitoring, security and lighting systems in a single remote control unit. ProRemote also offers stand alone home theater products. ProRemote Solutions is headquartered in Marietta, GA.

 

BIZAUCTIONS INCORPORATED (OTC: BZCN)

"Up 50.00% in morning trading"

 

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

 

BizAuctions, Inc. is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries. BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment. We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.

 

BZCN News:

 

November 24 - Cyber Monday Will Launch Special Promotions for the Holiday Season Buying

 

BizAuctions, Inc. (OTC: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, overstocks and returns, announces Cyber Monday, November 30, will kick-off special promotions for its customers during the Holiday season buying.

 

Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, Cyber Monday will launch special promotions that will run through the Holiday Season for its customers that are looking for great buys on a wide variety of name brand products that BizAuctions customers have become accustomed to. Also, our Lucky 7's retail store in Chula Vista will be offering some exceptional promotions beginning on Black Friday through the Holiday Season that offers great purchases on brand name clothing and special merchandise."

 

"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay, its recently opened retail store, Lucky 7's, and soon through its recently announced Letter of Intent with Midwest Outlet Centers," continues Janovec.

 

The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.

 

NEXMED INCORPORATED (NASDAQ: NEXM)

"Up 64.34% in morning trading"

 

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

 

NexMed’s pipeline includes its innovative topical onychomycosis treatment, which is licensed to Novartis for global development, a late stage alprostadil treatment for erectile dysfunction, a Phase 2 treatment for female sexual arousal disorder, and an early stage treatment for psoriasis.

 

NEXM News:

 

November 23 - NexMed, Inc. to Acquire Bio-Quant, Inc.

 

* Cash Flow Positive, Growing Business Provides NexMed with Pre-clinical Capabilities, Added Licensing Expertise and Critical Mass

* Transaction May Enable Continued NASDAQ Listing

 

NexMed, Inc. (Nasdaq: NEXM), a developer of products based on the NexACT® technology, announced that it has entered into a definitive agreement to acquire Bio-Quant, Inc., a revenue generating privately-held leading research organization for in vitro and in vivo contract drug discovery and pre-clinical development services, headquartered in San Diego, CA. Upon closing of the transaction, which is expected before the end of the year, Bio-Quant will become a wholly-owned subsidiary of NexMed. Bassam Damaj, Ph.D., co-founder, current Chief Executive Officer and Chief Scientific Officer of Bio-Quant, will become Chief Executive Officer of NexMed, replacing Vivian Liu, who will transition to the role of Executive Vice President and, in that capacity, Ms. Liu will continue to be responsible for leading the business development and licensing efforts for NexMed’s clinical programs. Mark Westgate will remain as NexMed’s Chief Financial Officer. The Board will be composed of three Bio-Quant nominees and four NexMed nominees, and Ms. Liu is expected to be appointed as Chairman of the Board.

 

The agreement provides for NexMed’s issuance of 4,000,000 unregistered shares of its common stock to the Bio-Quant shareholders and a promissory note (the “Note”) in the amount of approximately $12.1 million due on December 31, 2010. NexMed can elect to pay all or any portion of the Note by issuing its common stock. Such repayment in common stock is contingent upon NexMed shareholder approval. As a condition to closing, there will be a Bio-Quant shareholders meeting. Certain key shareholders of Bio-Quant have agreed to vote in favor of the transaction.

 

Commenting on today’s news, Ms. Liu stated, “We look forward to welcoming the Bio-Quant team as a NexMed subsidiary. Through this transaction, NexMed acquires a revenue generating, cash flow positive business which has grown over 250% in the past five years and is continuing to grow at present. Moreover, we will gain preclinical capabilities, add valuable licensing expertise and be able to leverage Bio-Quant’s existing relationships with key pharmaceutical companies – all of which will aid in the continued development and the ultimate commercialization of our products under development.”

 

Dr. Damaj, noted, “We are delighted to become part of NexMed, a company with a novel technology and innovative products which we believe can be better monetized and generate value for our shareholders. While continuing our normal course of business as a leading CRO, we will be adding Our established and growing business, resources, and expertise to NexMed, which should allow NexMed to continue its business development in a more rapid and efficient manner.”

 

Mark Westgate added, “The acquisition of Bio-Quant was an integral part of our compliance plan presented to the NASDAQ Listing Qualification Panel (the “Panel”) on Thursday, November 12, 2009. We are hopeful that the signing of this agreement will give the Panel further confidence that we will regain and maintain compliance with all applicable continued listing requirements. While we have yet to receive a decision from the Panel, we are optimistic that the Panel will continue our listing pending the implementation of our plan.”

 

FTN Equity Capital Markets Corp., in New York City, has served as NexMed’s financial advisor in the structuring and negotiations of this transaction.

 

ABOUT BIO-QUANT

 

Founded in 1999, Bio-Quant is the largest specialty CRO based in San Diego and is one of the industry's most experienced CROs for in vitro and in vivo pharmacology services and research models specializing in oncology, inflammation, immunology, and metabolic diseases, including diabetes.

 

BRYN RESOURCES INCORPORATED (OTC: BRYN)

"Up 26.53% in morning trading"

 

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

 

BRYN Resources Inc. is focused primarily on exploration and development of mineral resources and is currently arranging for the necessary capital to provide for the expenditures of surface sampling, assay work, IP work and further exploration requirements to define potential drill targets on the 1,980 acres of the Pequop Gold, Golden Eagle, Ace and Ore Claims this summer. The company is also proceeding to acquire additional claims with the JV exploration partner in this high value gold target area on a continuing basis.

 

BRYN News:

 

November 19 - Bryn Resources Inc. Completes Financing LOI with Prospera Management Corp.

 

Bryn Resources Inc (OTC: BRYN) announces that it has finalized the terms of a letter of intent with Prospera Management Corp. and both Bryn Resources and Prospera have executed the LOI. Pursuant to the LOI Prospera will raise $2,000,000, being all of the funds required to satisfy Bryn Resources obligations under the LOI agreement entered into with Cayenne Gold Mines Ltd. thereby crystallizing Bryn's 45% interest in The Windflower Property. The funding by Prospera is to match the requirements of Bryn Resources under its LOI with Cayenne.

 

The LOI with Prospera includes conditions for repayment of the funds advanced to Bryn Resources from the proceeds of the processing of the 10,000 ton bulk sample. Under the terms of the LOI with Cayenne, the processing will be initiated upon the execution of the JV Agreement between Bryn Resources and Cayenne the final terms of which are now being finalized.

 

Bryn Resources has by this LOI completed the steps necessary to earn its 45% interest in the Cayenne property and further its objectives as an exploration company. Bryn Resources continues to negotiate with Cayenne in respect to its other holdings.

 

Bryn Resources is also in negotiations with financiers in a bid to raise the funds necessary to participate in the balance of Cayenne's properties with proven reserves, including options on the additional 30,000 oz of proven gold mineralization which at present values would generate $33,000,000 subject to extraction costs. Bryn Resources continues to investigate the procurement of additional properties and options.

 

STEELCLOUD INCORPORATED (NASDAQ: SCLD)

"Up 31.91% in morning trading"

 

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

 

SteelCloud is a developer and manufacturer of compliance based technology solutions. The Company designs and manufactures specialized servers and appliances for federal integrators, software vendors and volume users. For both the government and commercial markets the Company delivers integration services and software focused on risk management and network management solutions. The Company's ISO 9001:2000 certified Quality Management System provides procedures for continuous quality improvement in all aspects of its business. Over its 20-year history, the Company has won numerous awards for technical excellence and customer satisfaction.

 

SCLD News:

 

November 24 - SteelCloud to Offer a Hosted BlackBerry Enterprise Server Solution Including License Administration to International Hosting Service Providers

 

SteelCloud, Inc. (Nasdaq: SCLD), a leading developer of mobility computing appliance solutions announced that it has signed a new agreement with Research In Motion ("RIM"), enabling it to offer a complete Hosted BlackBerry Enterprise Server solution that includes license administration to hosting service providers around the world. These licenses will enable hosting service providers to offer a hosted BlackBerry service to their customers.

 

The Company believes that it will begin to recognize revenue from hosting service providers under this agreement in the current quarter.

 

Additionally, SteelCloud, as a BlackBerry® Alliance Elite Member, is a sponsor at the BlackBerry EMEA Alliance Summit 2009 being held in Rome on November 25th-27th. This summit is a gathering of BlackBerry Alliance Program members from Europe, Africa, and the Middle East.

 

"SteelCloud has been working over the last six months to ensure that we will provide the international hosting service provider community with the very best service and license administration for their BlackBerry Enterprise Server software," said Brian Hajost, SteelCloud's President and CEO. "We have received enthusiastic interest from hosting service providers around the world and look forward to offering them both licensing support and the SteelWorks appliance as an attractive vehicle for them to migrate to the new BlackBerry® Enterprise Server v5.0."

 

IMAGING DIAGNOSTIC SYSTEMS (OTCBB: IMDS)

"Up 23.69% in morning trading"

 

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

 

Imaging Diagnostic Systems, Inc. has developed a revolutionary new imaging device to aid in the detection and management of breast cancer. The CTLM® system is a breast imaging system that utilizes patented continuous wave laser technology and computer algorithms to create 3-D images of the breast. The procedure is non-invasive, painless, and does not expose the patient to ionizing radiation or painful breast compression. CT Laser Mammography (CTLM®) is designed to be used in conjunction with mammography. It reveals information about blood distribution in the breast and may visualize the process of angiogenesis, which usually accompanies tumor growth. The Company is currently engaged in collecting clinical data to support the Premarket approval application for marketing clearance in the U.S. The FDA has determined that the Company’s clinical study is a non-significant risk (NSR) investigational device study under 812.3(m) of the investigational device exemptions (IDE) regulation (21 CFR 812). The CTLM system is limited by United States Federal Law to investigational use only in the United States.

 

IMDS News:

 

October 14 - Emerging Stock Report Initiates Independent Research Coverage On Imaging Diagnostic Systems, Inc.

 

Emerging Stock Report, a leading provider of sector specific independent investment research, has initiated coverage on Imaging Diagnostic Systems, Inc. (OTCBB: IMDS). Emerging Stock Report is currently offering a complimentary trial subscription. To view its research go to www.emergingstockreport.com.

 

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