Dallas, TX 10/26/2007 6:15:31 AM
OTCPicks.com Stocks to Watch for Friday, October 26th DAIO, AMRE, GTEC, SPDE, NNAN, CHDT
Our Stocks to Watch for tomorrow include Data I/O Corp. (NASD: DAIO), AmeriResource Technologies (OTCBB: AMRE), Genesis Technology Group (OTCBB: GTEC), Speedus Corp. (NASD: SPDE), NaturalNano, Inc. (OTCBB: NNAN) and CHDT Corporation (OTCBB: CHDT).
Visit http://www.otcpicks.com/ to register for our Daily Market Mover’s Digest Newsletter, and Email Stock Watch Alerts
DATA I/O (NASD: DAIO)
"Up 48.01% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/DAIO.php
Data I/O Corporation engages in the design, manufacture, and sale of programming systems used by designers and manufacturers of electronic products worldwide. It offers a line of programming systems, which include products, systems, modules, and accessories that are used to program integrated circuits. The company provides its manufacturing and programming center customers with automated programming systems solutions that include robotic handlers; programmers; input and output media handling, such as tray stackers, tubes, loaders, and taping; and marking solutions. Its line of nonautomated programming systems provides solutions for engineering and low to medium-volume manufacturing customers. In addition, the company offers device support that includes writing software algorithms for devices and developing socket adapters to hold and connect to the device for programming; and services on its products. It sells its products to wireless handset manufacturers and other telecommunication companies, as well as serves consumer electronics, computers, test and measurement, medical, transportation, military, aerospace, electronic contract manufacturing, programming centers, and semiconductor industries. The company markets and sells its products through direct sales, internal telesales, and indirect sales representatives and distributors primarily in the United States, Europe, and the Far East. Data I/O Corporation was founded in 1969 and is headquartered in Redmond, Washington.
DAIO News:
October 24 - Data I/O Announces Third Quarter Profits
Data I/O Corporation (NASD: DAIO), the leading provider of manual and automated device programming systems, announced financial results for the third quarter of 2007.
Revenues for the third quarter of 2007 were $7.3 million, an increase of 26% compared with $5.8 million for the second quarter of 2007. New orders during the third quarter were $8.3 million, up 33% from the $6.2 million for the second quarter of 2007. The gross margin as a percentage of sales for the third quarter of 2007 was 62.0%, compared with 49.1% for the second quarter of 2007. The increase in gross margin percentage was primarily due to a favorable product mix; higher sales volume relative to fixed operating costs; sales channel mix being mostly direct; and savings from our restructuring actions, as well as favorable inventory material cost and labor and overhead variances.
In accordance with U.S. generally accepted accounting principles (GAAP), net income for the third quarter of 2007 was $1.6 million, or $0.18 per share, compared with a net income of $47,000 or $0.01 per share for the third quarter of 2006, and compared with a net loss of ($1.1 million), or ($0.13) per share, for the second quarter of 2007. Included in the results of each of these periods was $0.01 per share related to the impact of expensing options.
"We were pleased to report both the large orders to a new automotive customer announced earlier, as well as strong sales to wireless customers", said Fred Hume, president and CEO. "The substantial increase reported in gross margin, which combined with savings resulting from our restructuring actions were the leverage for delivering outstanding profitability for the third quarter."
AMERIRESOURCE TECHNOLOGIES (OTCBB: AMRE)
"Up 40.00% on Thursday "
Detailed Quote: http://www.otcpicks.com/quotes/AMRE.php
AmeriResource Technologies, Inc., through its subsidiaries, operates online auction drop-off locations that enables online sale of goods on eBay. As of March 31, 2007, the company operated 8 drop-off locations, as well as 25 affiliate locations. It also develops self-serve/checkout systems that enable customers of fast-food and take-out restaurants to place their food and beverage orders and pay with cash or a credit/debit card; and provides software design and product development for commercial business users doing business on eBay. The company also provides eBay liquidation services for excess inventory, overstock items, and merchandise that has been returned to the retailer; and conducts sales on eBay for the customers. In addition, it provides voice over Internet protocol (IP) communications solutions and IP communications devices. The company was incorporated in 1989 and is based in Las Vegas, Nevada.
AMRE News:
October 25 - AmeriResource Subsidiary RoboServer Completes Development of its New "Assisted Server"
AmeriResource Technologies, Inc. (OTCBB: AMRE) announced that its subsidiary, RoboServer Systems Corp., (OTC: RBSY.PK) developer of the revolutionary Self-Serve System that enables quick-service restaurant customers to process their own orders on a touch-screen kiosk has completed development of its new CT-MY1 Assisted Server unit, and is in the process of beginning their marketing campaign.
Delmar Janovec, CEO of AmeriResource, commented, "The units are manufactured by TeamSable and built in Taiwan, are a self-service ordering and payment system that features dual screens and can be accessed by both customers and employees. The Assisted Server utilizes software which allows customers to place and pay for their orders using the touch-screen interface, and permits employee oversight and assistance, if needed. The units sit on the countertops in place of the traditional POS."
"The CT-MY1 is designed to replace standard POS terminals/cash registers at the counter, and allows a single employee to monitor several ordering queues simultaneously. It functions as a self-service station and can be used as a regular POS if the customers do not want to place their own orders. The "Assisted Server" is a step in moving toward total Self Service or to replace orders using the conventional POS function. In a busy environment, one employee can assist and monitor 4 units while customers do their own ordering, thus reducing employee counts, improving customer satisfaction and order accuracy," added Janovec.
GENESIS TECHNOLOGY GROUP (OTCBB: GTEC)
"Up 31.81% on Thursday "
Detailed Quote: http://www.otcpicks.com/quotes/GTEC.php
Genesis, through its wholly-owned subsidiary Laiyang Jiangbo Biotech Technologies Co., Ltd. ("JiangBo"), is engaged in the research, development, manufacture and sale of pharmaceutical products in the PRC. One of the major pharmaceutical companies in the PRC, Genesis offers a full product line of both western medical drugs and Chinese herbal-based medical drugs in tablet, capsule and granule forms. Jiangbo has several Certificates of Good Manufacturing Practices for Pharmaceutical Products from the Shandong State Drug Administration, and currently produces 5 major product categories in 3 forms.
GTEC News:
October 24 - Genesis Technology Group Retains CCG Elite
Genesis Technology Group Inc. (OTCBB: GTEC), a leading pharmaceutical company in the People's Republic of China ("PRC"), announced that it has retained CCG Elite to design and execute its investor relations campaign.
Genesis, through its wholly-owned subsidiary Laiyang Jiangbo Biotech Technologies Co., Ltd. ("JiangBo"), is engaged in the research, development, manufacture and sale of pharmaceutical products in the PRC. One of the major pharmaceutical companies in the PRC, Genesis offers a full product line of both western medical drugs and Chinese herbal-based medical drugs in tablet, capsule and granule forms. For the year ending June 30, 2007, net sales for Genesis totaled $76.2 million, up approximately 55 percent from $49.2 million in 2006.
"We are a rapidly growing, large non-state-owned pharmaceutical producer in Shandong Province," said Mr. Cao Wubo, the Chairman and CEO of Genesis Technology Group. "We look forward to working with CCG Elite to increase our visibility in both the investment community and with the financial media as we continue to execute our growth strategy."
Pharmaceutical demand in the PRC is forecast to expand by more than 13 percent annually to reach RMB385 billion (about US$51 billion) by 2010. Consumption and production of pharmaceuticals in the PRC is expected to increase rapidly over the long term because of strong economic growth, changing demographic patterns, and the reform and expansion of health care systems.
"JiangBo is a large pharmaceuticals producer with products distributed via hospital and medical outlets in China, with an advanced technology, an experienced management team and a strong, competitive marketing presence," said Crocker Coulson, President of CCG Elite. "The company is well-positioned to take advantage of increasing demand for pharmaceuticals in China. We intend to assist the company to develop a broader following with fund managers and analysts focusing on high growth equities from China through an integrated investor relations program."
The Company maintains a representative office in the United States, where its Chief Financial Officer and a support staff are located. For more information, refer to http://www.genesis-china.net/.
About CCG Elite
CCG Elite is uniquely positioned to provide an outsourced, high-level investor relations solution that combines in-depth understanding of Asia's corporate culture and economic scene with a direct pipeline into the leading funds and broker-dealers in the United States. CCG Elite is a global, full- service investor relations agency with corporate headquarters in Los Angeles, and offices in New York, Newport Beach, Dallas, Hong Kong and Beijing. For further information, contact CCG Elite or visit the company's website at http://www.ccgelite.com/.
SPEEDUS CORP (NASD: SPDE)
"Up 31.25% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/SPDE.php
Speedus Corp., through its subsidiaries, engages in healthcare, restaurant, and wireless businesses. It has co-invested with Siemens Corporate Research, Inc., a subsidiary of Siemens Corporation, in Zargis Medical Corp. to develop advanced diagnostic decision support products and services that automatically analyze acoustical data from a patient to determine physiologically significant features useful in medical diagnosis for primary care physicians, pediatricians, cardiologists, and other healthcare professionals. The company owns 90% of F&B Gudtfood, the creator and operator of the original Eurocentric cafe, which operates two stores in Manhattan. It has a portfolio of patents that provide high-speed wireless communication systems. The company also offers beta software that is designed to improve access to free Wi-Fi, including streamlining registration and security configuration of Wi-Fi clients and routers. In addition, it offers Local Multipoint Distribution Service (LMDS) license for developing and deploying LMDS technology that is used for various fixed wireless purposes, including wireless local loop telephony, high-speed Internet access, and two-way teleconferencing. The company was founded in 1995 as CellularVision USA, Inc. and changed its name to SPEEDUS.COM, Inc. in 1999. Further, it changed its name to Speedus Corp. in 2002. Speedus Corp. is based in New York, New York.
SPDE News:
October 20 - Speedus Subsidiary Zargis and 3M Announce Global Marketing Alliance
3M and Zargis Medical Corp., a spin-off from Siemens Corporate Research (NYSE: SI) and a majority-owned subsidiary of Speedus Corp. (NASD: SPDE) announced an exclusive multi-year marketing agreement involving Zargis' heart sound analysis software and 3M Littmann's next-generation electronic stethoscope.
Under the agreement, Zargis will support 3M in its efforts to develop a next-generation stethoscope that will be compatible with Zargis' heart sound analysis software. The date on which Zargis' software will become available for use with a Littmann stethoscope has not yet been announced.
"This agreement builds on the rich Littmann brand legacy of advancing the art of auscultation," said Chuck Kummeth, Vice President and General Manager, 3M Medical Division. "We are committed to bringing innovative solutions to our customers, and this agreement with Zargis will help us do this well into the future."
"We have been working closely with 3M for nearly two years to further evaluate this market and refine our product strategy," stated Zargis CEO John Kallassy. "We believe that the use of our software could enhance the physician experience during every patient exam where a stethoscope is currently used. This alliance with 3M will allow us to seamlessly integrate our advanced sound analysis technology with 3M's next-generation electronic stethoscopes and turn this vision into a reality on a global level."
In addition, the alliance provides Zargis with a wide-range of marketing and promotional opportunities along with exclusive rights to sell its ground- breaking heart sound analysis software through the global distribution network of the Littmann brand. The agreement grants 3M a minority equity position in Zargis, following the first sale of Zargis' software through the 3M distribution channel, and a seat on Zargis' board of directors.
Tom Miller, member of Siemens Medical's Executive Management Board, stated, "We are very encouraged by this agreement and the progress Zargis has made since it spun off from Siemens Corporate Research and we look forward to continuing our support and seeing their business mature."
About 3M HealthCare
3M HealthCare, one of 3M's six major business segments, provides world- class innovative products and services to healthcare professionals to improve the practice, delivery and outcome of patient care in medical, oral care, drug delivery and health information markets.
About Zargis Medical Corp.
Zargis Medical Corp. develops advanced diagnostic decision support products and services for primary care physicians, pediatricians, cardiologists and other healthcare professionals. Zargis was formed in 2001 when Siemens Corporate Research, a division of Siemens AG (NYSE: SI), and Speedus Corp. co-invested to develop and market an advanced acoustic technology designed to detect heart abnormalities identified through analysis of heart sounds.
NATURALNANO (OTCBB: NNAN)
"Up 22.73% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/NNAN.php
NaturalNano, Inc., a nanomaterials company, develops and commercializes material proprietary technologies and processes to provide novel properties for a range of applications. These include industrial polymers, plastics, and composites; and additives to cosmetics, agricultural, and household products. The company holds approximately 20 issued or pending patents and proprietary know-how for extraction and separation processes, of halloysite and other nanotubes, in combination with other materials for various applications. It also provides proprietary technologies, including processing methods, formulations, and specific surface treatments that enable the halloysite nanotubes to be functionalized and used in various applications. In addition, NaturalNano offers Pleximer, a turn-key halloysite nanotube polymer concentrate that can be added directly to a polymer extruder. The company was founded in 2004 and is headquartered in Pittsford, New York.
NNAN News:
October 25 - NaturalNano Introduces Next Generation Additive, Pleximer-N (TM)
NaturalNano, Inc. (OTCBB: NNAN), a developer of advanced nanomaterials and additive technologies, announced that Pleximer-N (TM), a new nylon-based additive product, has completed final manufacturing-scale validation and is available for purchase. Pleximer-N, the first in a suite of Pleximer products, is an innovative nanomaterial that when added to a polymer increases the strength, durability and flexibility of nylon and other polymer-based products.
Pleximer-N, the newest entrant in the $40 billion polymer composite industry, has been developed for a wide range of nylon and polymer-based products in a variety of markets. A turnkey additive, Pleximer-N is the first step in NaturalNano's strategic plan to enter all levels of an industry's supply chain by creating stronger, lighter and less expensive materials. With applications in a diverse range of both consumer and industrial markets, Pleximer-N has commercial potential for such things as increasing the durability of a football helmet, enhancing the aesthetics of fabrics or creating more flexible body panels in cars to reduce vehicle damage and provide increased levels of driver safety.
"The wide range of uses for Pleximer-N makes it a truly groundbreaking technology, one whose numerous applications we are just beginning to capitalize," said Cathy Fleischer, Ph.D., President and Chief Technical Officer of NaturalNano. "By incorporating halloysite in polymer-based products, we not only have the ability to increase a product's durability, strength and flexibility, but we also believe this material could be used in applications for surface treatments that require the highest level of surface quality, the A-1 industry standard, equal to the smooth finish on a car. This eliminates the need for additional coating and therefore would provide cost savings for the manufacturers."
Pleximer-N has passed rigorous, full-scale manufacturing testing by outside third parties for several industry applications. NaturalNano said it has manufactured a baseline inventory of Pleximer-N and has secured both internal and external production resources to meet expected demand for the additive.
NaturalNano noted that through their innovative manufacturing processes and patented technologies, Pelximer-N can be tailored to customers' specific need. By developing Pleximer-N with customized levels of HNT, manufacturers will have the freedom to explore the potential applications of Pleximer-N across numerous products.
Fleischer concluded: "By offering Pleximer-N to the marketplace, we have the ability to explore new applications with potential customers to produce industrial and consumer products with improved quality and strength at lower production costs."
CHDT CORPORATION (OTCBB: CHDO)
"Up 22.02% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/CHDO.php
CHDT Corp., through its subsidiaries, engages in marketing and selling of novelty, gift, promotional items, and portable booklights in North America. It also offers integrated power generation systems that include industrial, commercial, and residential generator sets, as well as automatic transfer switches, controls, fuel tanks, enclosures, and remote monitoring software. The company sells its products to Home Depot and Lowe's retail stores, and local electrical contractors in Florida. In addition, it provides Chinese-made ceramic roofing tiles for sale in south Florida, and marketing the line of Chinese made ceramic roofing tiles to suppliers in south Florida and certain areas of southern United States. The company was founded in 2002. It was formerly known as China Direct Trading Corporation and changed its name to CHDT Corp. in July 2007. CHDT Corp. is headquartered in Deerfield Beach, Florida.
CHDO News:
October 25 - CHDT Corp. Delivers 2600 Store Book Light Program
CHDT Corp. (OTCBB: CHDO), a Florida corporation, announced that its wholly owned subsidiary, Capstone Industries, has shipped stock to 2600 stores for two major U.S. mass retailers consisting of 19 Capstone consumer products. As of this release, the orders are either in transit or on the shelf in all locations nationwide.
Capstone Industries believes that this new order validates Capstone Industries' expanded book light marketing campaign in 2006, including the offering of private label branding along with Capstone branded consumer products. One of the retailers opted for private labeling while the other chose to use Capstone's branded products. Both book light programs are linked to the retailer's POS systems which generate weekly replenishment orders for the annual programs.
"The introduction of 19 product designs, the offering of private label capability for our products, and our efforts to grow the book light products were key, in our opinion, to this order from the two major U.S. mass retailers," said Oscar Martinez ,VP Sales of Capstone Industries.
"The implementation of year-round product placement, instead of marketing for seasonal orders, is the company's goal for all of its products and is key to our revenue growth strategy," added Martinez.
OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com. OTCPicks.com is not a registered investment adviser or broker/dealer. 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.
Disclosure: OTCPicks.com has not been compensated by any of the companies covered in this release.
