QMCI, PFMS, OPLO, CBAI, MMUH, MILL OTCPicks.com Stocks to Watch for Wednesday, December 30th

Our Stocks to Watch tomorrow include QuoteMedia Inc. (OTCBB: QMCI), PaperFree Medical Solutions Inc. (OTC: PFMS), OrderPro Logistics Inc. (OTC:OPLO), Cord Blood America Inc. (OTCBB: CBAI), Mobile Media Unlimited Holdings Inc. (OTC: MMUH) and Miller Petroleum Inc. (OTCBB: MILL).

QUOTEMEDIA INCORPORATED (OTCBB: QMCI)

"Up 40.00% on Tuesday"

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

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.”

PAPERFREE MEDICAL SOLUTIONS INCORPORATED (OTC: PFMS)

"Up 75.00% on Tuesday"

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

PaperFree Medical Solutions, Inc., through its subsidiaries, provides paper-free turnkey medical solutions for small to large multi-physician, and multi-specialty offices. It offers billing services under LEAPprn trade name. The company provides direct and managed services through a combination of direct and on-site implementation; and software services through broadband connectivity that helps in performing various data entry solutions. It also offers teeth whitening services. PaperFree Medical Solutions serves sole practitioners, doctors, and other health care providers in the Midwest. The company was founded in 2002 and is based in Kokomo, Indiana.

PFMS News:

May 19 - PaperFree Medical Systems Enters Growing Teeth Whitening Business

PaperFree Medical Solutions, Inc. (OTC: PFMS) announced that it has branched out into the growing retail teeth whitening business by acquiring the flagship location of LightWhitening Centres, Inc. LightWhitening Centres offers teeth whitening services in retail locations, operating under a uniform and proprietary business format with distinctive marks. PaperFree has acquired the operations of the flagship location, located in the highly successful Bower Place Shopping Centre, in Red Deer, Alberta, Canada.

Michael Gelmon, CEO of PaperFree, stated: “This is a rapidly growing retail segment – offering teeth whitening to the public in 15–20 minutes. The prices vary from $99-$119 and not the usual $800 dollars or more.

“We acquired an operating location, which we feel we can vastly improve and with opportunities to immediately expand. Our next step will be to negotiate additional exclusive territories with LightWhitening Centres.”

ORDERPRO LOGISTICS INC (OTC: OPLO)

"Up 44.44% on Tuesday"

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

OrderPro Logistics, Inc. is dedicated to capturing the potential of the transportation and logistics industry by employing new and innovative processes and technologies. OrderPro Logistics, Inc. can integrate every aspect of customer logistical needs from order entry through successful delivery. Customer priorities, shipment integrity, best quality, and optimization of every load is the objective of supply chain management with OrderPro Logistics, Inc. lowering costs while adding value in process and expanding service options. www.orderprologistics.com

OPLO News:

October 4 - OrderPro Logistics Executes Agreement to Purchase California Transportation Company

OrderPro Logistics, Inc. (OTC:OPLO) has announced recently that it has signed an agreement to purchase CMA Logistics, Inc., headquartered in City of Industry, California. CMA Logistics is a well-established multi-million dollar logistical service provider. CMA offers consolidation, trans-loading, warehousing, storage, and distribution services with locations in Southern California and Houston, Texas. CMA focuses on Pacific Rim import freight, and also maintains a 50,000 square foot terminal facility providing pick and pack, quality control, and sort/segregation services.

Jeffrey Smuda, President of OrderPro Logistics, Inc. states, "Both sides have worked hard to bring this opportunity to the table. CMA is strategically positioned for rapid growth, and our immediate efforts after closing this deal will be focused to that end."

Todd Larsen, President of CMA Logistics, Inc. states, "The strength and experience of this new team combined with our growth strategy will serve as the critical foundation for our success. We look forward to our successful union."

CORD BLOOD AMERICA INCORPORATED (OTCBB: CBAI)

"Up 36.05% on Tuesday"

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

Cord Blood America is the parent company of CorCell, which facilitates umbilical cord blood stem cell preservation for expectant parents and their children. Its mission is to be the most respected stem cell preservation company in the industry. Collected through a safe and non-invasive process, cord blood stem cells offer a powerful and potentially life-saving resource for treating a growing number of ailments, including cancer, leukemia, blood, and immune disorders.

CBAI News:

December 16 - Cord Blood America Says 2009 Debt Reduction Tops $10 Million

Cord Blood America, Inc. (OTCBB: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life-saving potential of stem cells, a biological insurance policy, to families nationwide and internationally, said today that it has reduced its debt by a total of $1.4 million so far in the fourth quarter of 2009 and total debt eliminated for the year now tops $10 million.

"We said going into this year that reducing debt, and subsequently strengthening our balance sheet, would be a very high priority," said Matthew Schissler, co-founder and CEO. "With more than $10 million in debt retired, we succeeded in this goal and are very pleased to make this announcement to our shareholders."

Cord Blood America recently announced a grand opening of its stem cell laboratory and headquarters in Las Vegas on January 22, 2010. "We can salute this financial achievement as we open perhaps the largest cryogenic storage facility in the U.S.," Mr. Schissler said.

MOBILE MEDIA UNLIMITED HOLDINGS INCORPORATED (OTC: MMUH)

"Up 50.00% on Tuesday"

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

MMU is a leader in mobile marketing technologies, utilizing proprietary state-of-the-art marketing solutions and our unique ability to reach millions of new consumers simultaneously. With our extensive "opt in" inventory, MMU strives to stay ahead of the curve, giving our clients a seamless delivery solution and the highest quality of customer service.

MMUH News:

December 28 - MMU Holdings Inc. Definitive Agreement Executed With TzuFuma Inc.

Mobile Media Unlimited Holdings Inc. (OTC: MMUH) announced that the Company has executed the Definitive Agreement ("DA") with TzuFuma Inc. MMUH will purchase TzuFuma in an all stock transaction costing MMUH 58,000,000 shares of newly issued restricted common stock.

TzuFuma Inc. is a wholesale distributor business of Electronic Cigarettes. Electronic Cigarettes or E-Cigarettes are technological marvels which have the look, taste and feel of a real cigarette without any combustible components and produces water vapor instead of second-hand smoke. The advantages of this product are apparent since no actual smoke by-product is created, and users have the freedom to enjoy smoking in establishments currently smoker unfriendly.

Robert Paterson, President of TzuFuma Inc. stated in a telephone interview: "We have ironed out all of the remaining details regarding financing and the integration of the acquisition and I am pleased to announce that no significant material changes were made to the original MOI. The Company and its associates bring a wide talent pool to the table with skill sets we believe will immediately enhance marketing and accelerate our clients into mass distribution here in the United States but more importantly Internationally. We anticipate gross revenues from domestic sales to be in the region of 12-14% of our total gross revenue for fiscal 2010. We fully anticipate 2010 to be a bumper year."

MILLER PETROLEUM INCORPORATED (OTCBB: MILL)

"Up 36.00% on Tuesday"

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

Miller Energy Resources is a high-growth oil and natural gas exploration, production and drilling company operating in multiple exploration and production projects in North America. Miller's focus is in Cook Inlet, Alaska and in the heart of Tennessee's prolific and hydrocarbon-rich Appalachian Basin. Miller is a Tennessee registered company that has been in existence for over 40 years and been publicly traded for 12 years. It is the largest owner/operator of oil and gas wells in Tennessee with over 602 wells, over 54,500 net acres of lease holdings in Tennessee and 602,000 net acres in Alaska. Company chairman, Deloy Miller has a successful oil and gas track record spanning more than forty years in the Tennessee Basin. Since 1967, Miller has drilled and/or serviced over 5,200 wells. Miller is one of the United States premier energy companies and is using its strategy of opportunistic growth combined with prudent development and management of exiting assets to maximize value for its shareholders. Miller is headquarters in Huntsville, Tennessee with offices in Knoxville and New York City.

MILL News:

December 16 - Miller Energy Resources Acquires More Than $300 Million Alaskan Oil and Gas Assets

* Increases Reserves by 32 times

* Acquires Proved Reserves at $0.35 per BOE

Miller Petroleum, Inc. (OTCBB: MILL), dba Miller Energy Resources ("Miller"), announced that it has acquired certain former Alaskan assets of Pacific Energy Resources ("Pacific Energy") through a Chapter 11 U.S. Bankruptcy proceeding in Delaware.

Miller has acquired total reserves of over 13.2 million barrels of oil and 15.5 BCF of natural gas, including total proved reserves of 5.6 million barrels of oil and 3.7 BCF of Natural Gas. The discounted net present value of the Alaska reserves that Miller has acquired is over $325 million dollars, including $119 million dollars of proven reserves, $185 million of probable reserves and $23 million in possible reserves.

In addition, Miller has acquired onshore and offshore production and processing facilities, an offshore energy platform, over 600,000 net acres of land with thousands of acres of 3-D geologic seismic data, miscellaneous roads, pads and facilities all of which originally cost almost $300 million to build and install over the last 5 years.

Miller will operate the facilities through its 100% owned subsidiary, Cook Inlet Energy LLC ("Cook") , which has been approved by the State of Alaska as the long-term operator for the Alaskan oil and gas wells. Miller has hired through Cook, the operating team who had overseen the operations of these assets from early 2000 until the present.

Acquisition Details

Miller Energy Resources paid a total of $2.25 million dollars for the Alaskan oil and gas assets, and an additional $2.22 million dollars for contract cure payments, bonds and other local, federal and State of Alaska requirements to operate the facilities. Miller's acquisition multiples of the Purchase/Reserves is $0.35 per Proved MBOE and $0.06 per Proved MCFE. Including Proved, Probable and Possible Reserves makes the acquisition multiples of this purchase only $0.14 per BOE and $0.023 per MCFE.

The Alaska assets and reserves provide Miller with target reserves and production in the Cook Inlet region of Alaska located approximately 65 miles southwest of Anchorage, Alaska. These assets include, but are not limited to West McArthur River Unit, the Redoubt Unit, the Kustatan Field, the Kustatan Production Facility, the West Foreland Field, the Three Mile Creek Field, the Sabre Field, the Valkyrie Field, and certain other leases and rights-of-way, platforms, wells, equipment and other property in the Cook Inlet region

The acquisition increases Miller's total reserves 32 times, from 0.504 MMBOEs to 16.330 MMBOEs, and increases the Net Present Value (discounted at 10%) of Revenue of Miller's Oil and Gas Reserves from $4.99 million dollars (before the acquisition) to $331.13 million dollars at closing, an increase of 66 times. Miller has increased its acreage from 54,506 net acres (pre-acquisition) to 656,506 net acres at closing. Similarly, the acquisition improves Miller's Balance Sheet.

The Alaska assets that Miller acquired from Pacific Energy were originally acquired from Forest Oil Corp. in 2007 for $464 million. In 2009, Pacific Energy declared bankruptcy and later abandoned its assets in Alaska in September 2009. In October 2009, Miller entered into an agreement to acquire the majority of Pacific Energy's Alaskan assets. In November 2009, the U.S. Bankruptcy Court approved the sale and the acquisition closed on December 11, 2009. Also on December 10, 2009, Miller Petroleum, Inc. acquired 100% of the membership interests in Cook Inlet Energy, LLC, an Alaska limited liability company from its members. As consideration, Miller issued the sellers, who were unrelated third parties, stock warrants to purchase three million five hundred thousand (3,500,000) shares of Miller common stock, plus $250,000 and certain expense related to the acquisition.

Also, in a related transaction, Miller issued a 6% Convertible Secured Promissory Note program ("Note") raising approximately $3 million dollars. The offering was oversubscribed. Miller utilized the proceeds from this offering to provide acquisition and working capital. The Note contains a convertible feature has the right to convert into shares of Miller's Common Stock at a 10% discount on the date of issuance.

Vulcan Capital Corporation served as advisor on this transaction for Miller. Sullivan, Hazeltine, Allinson LLC served as Bankruptcy Counsel for Miller.

Miller's Reaction to the Acquisition

This acquisition marks the third and largest acquisition by Miller since Scott M. Boruff assumed the Chief Executive position of Miller in August 2008. "The good news just keeps coming at Miller," noted Scott Boruff, "in the past year our shareholders have seen an increase of over 140% on their stock in the past year. This new acquisition should continue the strong improvement in Miller's value for our shareholders. Miller is very pleased to have been able to acquire these high-value Alaska energy assets at an extremely attractive value."

"The results of these acquisitions increases our reserves by 32 fold and significantly strengthens our balance sheet," commented Boruff, "Initial production is estimated to be 280 barrels of oil a day. Our three month target is over 800 barrels a day with a goal of pushing production over 1,100 barrels daily by the fourth quarter of 2010 which would generate more than $30 million dollars annually in gross revenue for Miller."

Miller's Goals

Boruff, noted the Company's immediate goals, "Our immediate focus will now be to operate these assets with an experienced team already on the ground in Alaska. Management believes that the Company has, through its investment partners, the necessary capital to build out its assets without incurring significant risk. We also believe that based on our capital raise - just concluded, that we have additional financial capital available to us should we need it to expand out our operations. Beyond Alaska, Miller continues to see great value in our Tennessee operations in the emerging Chattanooga Shale and we expect to continue to develop this reserve and production basin. Miller now has its feet firmly planted in two very productive oil and gas basins in the U.S. and we expect to grow within these regions as we exploit the resources we now have acquired.

Boruff acknowledged that the value of the acquisition was attractive, "The average oil company acquisition in the U.S. this year has been purchased for approximately $19.17 per Proved BOE making our acquisition of $0.36 per Proved BOE look positive. Similarly, Exxon's recent announced purchase of XTO Energy for approximately $7.00 per MCF of total reserves (proved, probable and possible as noted by Morgan Stanley) makes our purchase of total reserves at $0.024 per MCFE look favorable. Further, XTO is a neighbor of Miller's in Alaska."

"Beyond our development of our Alaska and Tennessee assets, we will also continue to be opportunistic about additional energy opportunities as they present themselves.", Boruff commented on Miller's strategy, "Miller's veteran management team has consistently been among early identifiers of premium energy assets, and has a record of repeatedly developing these assets to realize their value to shareholders' best advantage. Deal flow continues at an all time high and additional financial partners join us daily, setting the groundwork for a very exciting 2010 for Miller."

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