Dallas, TX 11/7/2007 2:14:42 AM
OTCPicks.com Daily Market Movers Digest Midday Report for November 6th VSUR, AXVC, NSCT, PLGC, ERUC
Our Stocks to Watch today include Vsurance, Inc. (OTCBB: VSUR), Axial Vector Engine Corporation (OTC: AXVC), National Scientific Corporation (OTCBB: NSCT), Playlogic Entertainment, Inc. (OTCBB: PLGC), ER Urgent Care Centers (OTC: ERUC)
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VSURANCE INC (OTCBB: VSUR)
Detailed Quote: http://www.otcpicks.com/quotes/VSUR.php
Company Profile: http://www.otcpicks.com/vsurance/vsurance.htm
Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP™ Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD™, Spot the Pet™, and Purrfect Pet Club™. Programs include life, liability, and health insurance for pets, horses, and other companion animals.
VSUR News:
November 5 - Vsurance, Inc. Assembles Database of More Than 778,000 Dog Owners
Proprietary Database Serves as Key Distribution Channel for Company's Pet Health Insurance Products
Vsurance, Inc. (OTCBB: VSUR), a leading provider of pet health insurance, announced that it has assembled a database of more than 778,000 dog owners.
The proprietary database, which will serve as a key distribution channel for Vsurance, enables the Company to cost-effectively market its pet health insurance products and services to dog owners.
“We are very pleased to have proprietary access of such an extensive pet owner database,” stated Russell Smith, CEO of Vsurance, Inc. “This is an important milestone for the Company because it allows us to educate pet owners on the importance of pet insurance, as well as the other pet resource centers offered by the Company in a cost-effective and efficient way. We will continue to expand this proprietary database of potential customers as we move forward with our aggressive growth plan.”
November 5 - Vsurance Enters Agreement to Provide Initial Financing of up to $10 Million
Financing to Facilitate Aggressive Expansion of Company's Pet Health Insurance Business and Related Services
Vsurance, Inc. (OTCBB: VSUR), a leading provider of pet health insurance, announced that the Company has entered into an agreement with Standart Capital, who is associated with certain European financial institutions, to assist in the financing of up to $10 Million for the Company. The financing will be subject to, among other things, the satisfactory completion of due diligence by the European financial institutions.
Upon completion of the financing agreement, the Company will dedicate the $10 million to continue to expand its pet health insurance business and related services by generating exposure of the Company’s unique pet health insurance programs, including its Get HIP Health Insurance for Pets program. The program is currently the only in the United States to offer lifetime health insurance coverage for pets.
Vsurance is the only company to offer life, liability and health insurance products.
“Today is a very exciting day for Vsurance and its shareholders,” stated Russell Smith, CEO of Vsurance, Inc. “The $10 million financing will allow us to meet and exceed critical milestones as we execute our aggressive growth plan. With the most comprehensive pet health insurance products in the industry, a strong online presence through our various online pet health resources, and the funds to fully implement our strategy, we are confident that Vsurance will gain substantial market share of the rapidly increasing pet health insurance market.”
Additional details of the financing agreement will be announced in due course.
AXIAL VECTOR ENGINE (OTC: AXVC)
"Up 27.12% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AXVC.php
Axial Vector Engine Corporation, a development stage company, develops multi-fuel engines and generators in the United States. The company, through a joint venture agreement with Adaptive Propulsion Systems, LLC, develops and manufactures power generators and engines primarily for military and commercial applications. The company was founded in 2002. It was formerly known Aero Marine Engine, Inc. and changed its name to Axial Vector Engine Corporation in 2005. Axial Vector Engine Corporation is based in Portland, Oregon.
AXVC News:
November 6 - Axial Vector Engine Corporation Announces Receipt of $500,000 Advance Royalty Payment
Board to Review Merits of Various Offers to Accelerate Development of the Company
Axial Vector Engine Corporation (OTC: AXVC; Frankfurt Symbol: BAE1) announced receipt of its first ever revenue payment of $500,000 USD. This reflects the first advance royalty payment from EASTCOM LTD of the United Kingdom under its agreement to produce two hundred AVEC Gas Cam engines.
"This is a major milestone for our Company and market validation for the many uses of our Axial Vector technology", stated Samuel Higgins, President and CEO. "As our engines are rolled-out and become more visible in the market, we anticipate a groundswell of interest leading to significant new business opportunities."
The Company will now proceed with the commercialization process to include all aspects of the technology licensing and will rapidly seek new personnel and relationships ideally suited to a global roll out of these important fuel and energy saving technologies.
The Company has received various offers concerning the development of the Company and its technologies and the Directors will meet this weekend to discuss the merits of each. The Board's primary consideration is to ensure that the shareholders receive full value for their patience and loyalty during the extended period that was required to bring our technology to the market.
NATIONAL SCIENTIFIC CORPORATION (OTCBB: NSCT)
"Up 44.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/NSCT.php
National Scientific Corporation engages in the research, development, manufacture, and sale of hardware and software products and devices for various industries primarily in the United States. The company's products include electronic location-determining devices and digital video recording devices, which use mobile computers to help establish and report the physical location of people and objects to which these devices are attached. Its location technologies also use global positioning system technology to determine position, as well as small computers in conjunction with video cameras and other sensors to record incidents on school buses. National Scientific's outdoor location products include Travado IBUS System that monitors and tracks school or other buses, as well as digitally record video; and Travado Mini or Mini-T, which provides real-time location and telemetry data of government and first responder vehicles. It also offers WiFi Tracker, which is designed for tracking people and other assets; and Gotcha, a small electronic product designed to alert parents or guardians when their child wanders far away from them. The company offers its location tools to school districts that have a fleet of approximately 30 buses. In addition, National Scientific owns devices and designs that are used in the semiconductor and electronics industries. Its semiconductor and electronic device products comprise heterojunction bipolar transistors, monolithic inductors, distributed amplifiers, TMOS memory, mode dielectric resonators, wireless transceivers, and communications receivers. The company was incorporated in 1953 as American Mortgage Company and changed its name to National Scientific Corporation in 1996. National Scientific is based in Scottsdale, Arizona.
NSCT News:
November 5 - National Scientific Corporation Notes Record Accomplishments in Investor Update
In an update for investors and other stakeholders, National Scientific Corporation (OTCBB: NSCT), provider of effective indoor and outdoor wireless location-sensitive solutions, including the Travado IBUS(tm) Digital Video Recorder and Rider Authentication System, notes that it reached important milestones in the second half of fiscal year 2007 (ended September 30, 2007), including achievement of positive quarterly operational cash flow for the first time in the company's history in the third fiscal quarter (the last period for which published unaudited financial results are available).
Revenue for the first three quarters of the fiscal year exceeded product sales revenue for the same period in any prior fiscal year.
While audited figures for the full fiscal year are not yet available, chairman and chief executive officer Michael Grollman says, ``Based on order flow and progress on our many projects as discussed in our August 10Q report, we believe that positive revenue and cash trends continued through the fourth quarter. In the final quarter we filled an order backlog that carried over from the prior period, and still we began fiscal 2008 with an impressive, fresh backlog. Demand has been strong enough to justify the addition of new staff, who are now working to deliver on our expanding orders.''
Other significant events during the second half of fiscal 2007 included:
Completion of a 120-vehicle, $400,000 project in Washington State
Completion of the company's first installations in California and Oregon
Participation in critical trade shows, including the Transportation Administrators of Arizona exhibition, the Washington State Transportation Administrators show, and the School Transportation News 14th Annual Conference & Trade Show in Reno
Roll-out of a new streaming mobile product to early adopter customers.
“Sales for the new fiscal year are showing great promise,” says Graham Clark, company president. “We are working with two new school district customers in Arizona this current quarter. We also expect current customers to order additional units, based on growth in their fleets and success of our initial projects. Customer sites are now active in Washington, Oregon, California, and Arizona. We expect these sites to seed additional school districts in these areas. This is being borne out by the number of quotes we have provided in response to requests for proposals; they are at the highest level ever.
“Additionally,” Clark says, “based on demand, we are expanding our product line to include Application Hosting Services for small school districts. This new product allows the sharing of a centrally hosted IBUS(tm) server for video, GPS and rider authentication data. Sharing allows cost savings, both on the front end through reduced customer capital outlays, and through ease of support after initial deployment.”
“Over the course of fiscal 2007,” Grollman observes, “National Scientific impressed the industry with the distinctive quality, value and features of our technology solutions. The company is now positioned for more solid growth.”
The complete Travado IBUS(tm) Digital Video Recorder and Rider Authentication System, including options, digitally records video, and identifies and authenticates school bus riders. Using intelligent identification technologies, a GPS tracking system and wireless reporting of bus and student information to a secure, interactive web site, authorized school administrators can observe on-board activity and know where individual students are from the time they step onto the bus until they reach their destination. Travado IBUS(tm) is highly efficient, eliminating maintenance and monitoring of video libraries, and saving time otherwise wasted chasing down buses to retrieve on-board video. Travado IBUS(tm) is fully modular and upgradeable.
PLAYLOGIC ENTERTAINMENT (OTCBB: PLGC)
"Up 21.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PLGC.php
Playlogic Entertainment, Inc. is an independent publisher of entertainment software for PCs, consoles, handhelds, mobile devices, and other digital media. Playlogic distributes its products worldwide through all available channels, online and offline. Playlogic, who currently has approximately 75 employees, is listed on Nasdaq OTC under the symbol "PLGC.OB" and is headquartered in New York and Amsterdam. Its internal game development studio is based in Breda (The Netherlands). Playlogic's portfolio includes games that are being developed by several teams at the Playlogic Game Factory, Playlogic's in-house development studio based in Breda, as well as games developed by a number of studios throughout the world with approximately 300 people of external development staff. Currently, 10 games on 12 platforms are in the works including "Obscure II (Wii)," "Officers" and "Age of Pirates: Captain Blood" and "Evil Days of Luckless John" which will be published this year, and "Dragon Hunters" based on the animated TV series and up-coming movie which will be published early next year. Recent world-wide releases include "Xyanide Resurrection," "Ancient Wars: Sparta," "Infernal," "Age of Pirates: Caribbean Tales," "World Racing 2," "Knights of the Temple 2," "Gene Troopers," " Evil Days of Luckless John" and "Obscure II (PS2, PC)". Playlogic publishes quality games, working with leading technology to produce digital entertainment from concept to finished product.
PLGC News:
November 6 - Playlogic Entertainment: Third Quarter Net Profit of $2.1 Million
Q3 net revenues: $3.7 million (Q3 2006: $ 1.5 million)
Q3 net profit: $2.1 million (Q3 2006: $ -4.6 million)
Q3 net earnings per share: $ 0.07 (Q3 2006: $ -0.19)
Playlogic Entertainment, Inc. (OTCBB: PLGC) announced financial results for the third quarter of 2007, ending September 30.
Net revenues
Net revenue was $3.7 million, for the third quarter, compared to $1.5 million for the three months ended September 30, 2006. This increase of $2.2 million, or 154%, is mainly attributable to the release of the new titles Obscure II (PS2 and PC), Evil days of Luckless John (PC) and Xyanide Resurrection (PS2 and PSP).
For the nine months ended September 30, 2007, net revenue climbed to $8.3 million from $4.6 million the year before. This increase of $3.7 million, or 80%, in net revenue is primarily attributable to the above mentioned releases of new games and the First Party Software Development Agreement with Sony Computer Entertainment Europe (SCEE).
Gross profit
Gross profit for the three months ended September 30, 2007 was $2.0 million. Gross profit totalled $0.8 million in the comparable year-earlier period. This represents an increase of $1.2 million or 154%.
For the nine months ended September 30, 2007, gross profit was $4.8 million, compared to $2.0 million the previous year. This represents a net increase of $2.8 million or 140%.
Net profit
Net profit for the third quarter ended September 30, 2007, was $2.1 million versus a loss of $4.6 million the comparable year-earlier period.
For the nine months ended September 30, 2007, net profit was $1.6 million, compared to a loss of $8.5 million the same period the year before.
Net earnings per share
Net earnings per share totalled $0.07 per share (Q3 2006: $ - 0.19), taken into account the shares issued in connection with the previously announced private placement of $12.3 million. Net earnings per share for the first nine months of 2007 totalled $0.06 per share (first nine months 2006: $ - 0.35).
New developments
Rogier W. Smit, executive vice president of Playlogic said: "We are pleased with our financial and commercial achievements in the third quarter of this year. The net profit of $2.1 million shows that our policy of cost control, on the one hand, and investing in our future growth by acquiring and publishing more high quality products, on the other, is paying off."
Outlook
Building on the results of the first nine months, management is positive about the outlook of the remainder of 2007. For 2008 it expects further growth in net revenues and gross profit. Results may vary in upcoming quarters in accordance with the release schedule. For the first quarter of 2008 the company expects to release 6 to 8 titles worldwide on various platforms. Playlogic's First Party Software Development Agreement with Sony Computer Entertainment Europe (SCEE) also continues throughout 2008.
ER URGENT CARE HOLDINGS (OTC: ERUC)
"Up 10.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ERUC.php
ER Urgent Care Holdings, Inc. operates emergency care centers that offer after-hours health care in Florida and Kansas. It provides healthcare services for children, adults, and seniors, as well as offers employee injury, illness, and general healthcare programs. The company also offers physical examination services; occupational urgent care services, such as work-related injuries, sprains/fractures, and lacerations; and occupational healthcare services, including drug screening NIDA/NON-NIDA, breath alcohol testing, spirometry, audiometry, PPD Test, Immunization/HEP B series, and flu shots. It also offers other related services, such as X-Ray, limited laboratory, and limited pharmacy services. The company was founded in 2000 and based in North Miami Beach, Florida.
ERUC News:
November 5 - ER Urgent Care Centers Signs Letter of Intent With Medical Institutional Services
ER Urgent Care Centers (OTC: ERUC) announced that it has signed a letter of intent with MIS, a major medical supply company.
MIS is a supplier of medical supplies as well as medications. They are currently supplying clinics, hospitals, as well as pharmacies. They are currently licensed in Florida and seven other states. They are also rated as a minority organization and have priority bidding with major hospital districts.
"With ERUC expanding its pharmacy component this is a major move for the future of the organization. In addition to the added savings to the bottom line in medical supplies, MIS will bring significant revenues and assets to the financials," said Jerry Miller, ERUC Founder.
ERUC continues to position itself for the future and at the same time is working toward profitability.
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