Dallas, TX 11/15/2007 7:15:55 AM
OTCPicks.com Stocks to Watch for Thursday, November 15th HEPI, ITRO, INOD, BCTE, ASDS, PPLB
Our Stocks to Watch tomorrow include Health Enhancement Products, Inc. (OTCBB: HEPI), Itronics Inc. (OTCBB: ITRO), Innodata Isogen, Inc. (NASD: INOD), Big Cat Energy Corporation (OTCBB: BCTE), Ascendant Solutions, Inc. (OTCBB: ASDS), People’s Liberation, Inc. (OTCBB: PPLB).
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HEALTH ENHANCEMENT PRODUCTS (OTCBB: HEPI)
"Up 55.56% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/HEPI.php
Health Enhancement Products Inc. is a nutraceutical company engaged in the development of a Dietary Supplement product using only pure, all-natural ingredients. The company's sole product is ProAlgaZyme, a liquid product produced from algae grown in 100% distilled water. The liquid in which the algae are grown is drawn off, filtered, tested and bottled as ProAlgaZyme. HEPI Pharmaceuticals, Inc. is exploring the development of the potential pharmaceutical applications of ProAlgaZyme.
HEPI News:
November 14 - Health Enhancement Products Announced the Long Awaited Discovery of a Class of "Orally Active Agents" in Its Primary Product, ProAlgaZyme
Company Describes the as "Unusual Proteins" Still Under Development
Health Enhancement Products, Inc. (OTCBB: HEPI), announced that the company has captured the active agents from it primary product ProAlgaZyme, and described it as a class of orally active agents which are responsible for the clinical activity. The company stated that the unusual proteins agents are still under development and that they are now determining the individual components responsible for these observed positive clinical activities. The company plans to begin active discussions with large pharmaceutical and veterinary medicine companies in earnest in early 2008, to exploit the attractive drug development opportunities offered by the orally active unusual protein agents.
The company also announced that one of its key patent applications covering the composition of ProAlgaZyme has been published by the US patent office.
ITRONICS INC (OTCBB: ITRO)
"Up 45.83% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ITRO.php
Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company in the world with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant located in the United States which can convert used photoliquids into pure silver and liquid fertilizers. At the Company's Reno, Nevada factory more than 99 percent of the silver and virtually all the other toxic heavy metals are extracted from used photoliquids. The purified liquids are converted into environmentally beneficial, chelated, micronutrient and multinutrient liquid fertilizers sold under the GOLD'n GRO trademark. The silver is refined and sold as bullion and 5 troy ounce, 0.999 pure, Silver Nevada Miner numismatic bars. The environmentally friendly liquid fertilizers can be used for lawns and houseplants, and are available, along with GOLD'n GRO liquid fertilizer injectors, at the Company's "e-store" catalog at goldngro.com. The popular Silver Nevada Miner bars are available at the Company's "e-store" catalog at www.itromet.com. Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Environmental Technology" company and a world leader in photochemical recycling. The Company also provides environmentally compatible mining technology development, project planning, and technical services to the gold mining industry and operates the popular InsideMetals.com web site, www.insidemetals.com. which provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks. Itronics has received numerous domestic and international awards that recognize its ability to successfully create and implement new environmentally compatible recycling and fertilizer technologies.
ITRO News:
November 14 - Itronics Increases Third Quarter 2007 Sales by 82 Percent, Nine Months Sales Increase 36 Percent
Itronics Inc. (OTCBB: ITRO; Frankfurt and Berlin Stock Exchanges: ITG) has filed its third quarter 2007 report on Form 10QSB, and it is now available on the SEC web site at sec.gov. In the third quarter ended September 30, 2007, the Company achieved an 82 percent increase in sales, and a $17,152 gross profit compared to a $11,882 gross operating loss the 2006 third quarter, an improvement of $29,034.
"This is the first time Itronics has achieved a positive gross profit in the third quarter which is normally the lowest sales quarter of the year," said Dr. John Whitney, President. For the nine month period ended September 30, gross profit was $151,934 compared to a gross profit of $121,164 for the same period in 2006, an increase of 25 percent.
A $544,325 net profit was generated in the third quarter. Nine month net loss was reduced to $1,159,645, a reduction of 63 percent. The third quarter net profit and nine month reduction in net loss are due to a reduction in the "loss on derivative instruments," calculated as required by current accounting standards.
Demand for the Itronics' environmentally beneficial recycling services is increasing as restrictions on alternative methods of liquid photochemical disposal continue to tighten throughout the United States. The Company is currently negotiating two additional waste photochemical processing agreements that when completed are expected to provide sufficient photoliquids to support GOLD'n GRO liquid fertilizer and GOLD'n GRO Guardian deer repellent fertilizer sales growth in 2008 and beyond.
Mining Technical Services sales increased by 152 percent in the third quarter as this division continues to advance its web based InsideMetals.com Gold Producer Stocks information portal: http://www.insidemetals.com. Visitor traffic on the InsideMetals.com web page is continuing to increase and the site is beginning to generate subscription income. The Company is now actively marketing paid advertising programs on the web site to Gold & Minerals Exploration Companies.
Itronics continued to expand its development of future revenue streams in the mining segment through approval by its Board of Directors to establish two new subsidiaries. One subsidiary will develop the photochemical based thiosulfate technology for use for mineral extraction, including mine tailings, and reclamation of gold heap leach operations. The other subsidiary will acquire multi-mineral properties and invest in strategic small specialty companies that are in early stage or commercial operation. "The Company's Board of Directors believes that forming and activating these new subsidiaries will allow it to monetize more of its intellectual property and produce a greater increase in income and asset growth for Itronics' shareholders," Dr. Whitney said.
Third quarter operating loss increased 50 percent compared to the prior year, principally due to a combination of the effects of the increased corporate marketing and financing expenses.
INNODATA ISOGEN (NASD: INOD)
"Up 45.59% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/INOD.php
Innodata Isogen, Inc. provides content-related business process outsourcing services and information technology professional services in North America, Europe, and Asia. Its business process outsourcing services include fabrication services for digitization, imaging, data conversion and composition, XML and other mark-ups, translation, and localization; and knowledge services, including content creation and enhancement, taxonomy and controlled vocabulary development, hyper linking, indexing, abstracting, technical writing and editing, and copyediting, as well as general editorial services, including the provision of synopses and annotations. The company's information technology professional services consist of consulting; systems integration, which includes the integration of authoring tools, content and knowledge management systems, and composition tools into an information technology infrastructure, as well as includes the development of software; custom application development; and other services, including applications maintenance, support, evaluation, implementation, and training. It serves publishing, media, and information services; defense and aerospace; government and regulation; and education and culture industries. The company was founded in 1988 and is headquartered in Hackensack, New Jersey.
INOD News:
November 14 - Innodata Isogen Reports 74% Growth in Q3 2007 Revenues
Earnings Per Share of $0.08 in Q3 2007
Raises Guidance for Q4 2007
Expects Solid Performance in 2008
Innodata Isogen, Inc. (NASD: INOD), announced revenues of $18,138,000 for the three months ended September 30, 2007, up 74% from revenues of $10,400,000 in the third quarter of 2006 and up 11% from revenues of $16,347,000 in the second quarter of 2007.
The company reported net income of $2,115,000, or $0.08 per diluted share, for the third quarter of 2007, up 145% from net income of $862,000, or $0.03 per diluted share, for the second quarter of 2007, and compared with a net loss of $2,196,000, or $0.09 per diluted share, for the third quarter of 2006.
For the first nine months of 2007, revenues were $47,214,000, up 55% from revenues of $30,406,000 for the first nine months of 2006. The company earned $2,334,000, or $0.09 per diluted share, for the first nine months of 2007, compared with a loss of $6,494,000, or $0.27 per diluted share, for the first nine months of 2006.
The company generated $2.6 million in cash from operations in the third quarter of 2007 and ended the quarter with $12.1 million in cash.
“As a result of solid execution and strong client demand, we are now anticipating more than 75% year-over-year revenue growth in the second half of 2007,” said Jack Abuhoff, chairman and CEO of Innodata Isogen. “We anticipate that our momentum will continue to produce solid year-over-year results in 2008.
“That the company was able to drive the $7.7 million revenue increase in the third quarter of this year versus last year, with only a minimal increase in SG&A and a $3.7 million increase in operating expense, shows the leveragability of our business model,” Abuhoff continued. “But more significantly, we have improved revenue quality. Our revenue growth is now dominated by knowledge process outsourcing, which has higher switching costs, greater barriers to entry and is less susceptible to commoditization.”
BIG CAT ENERGY CORPORATION (OTCBB: BCTE)
"Up 38.26% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/BCTE.php
Big Cat Energy Corporation, a development stage company, owns patented technology, known as ARID Tool (aquifer recharge injection device), which allows coal bed methane operators to re-inject water produced from productive coal seams. The ARID tool uses the existing well bore to move water from the producing coal seam to depleted aquifers of similar water quality. The company also engages in the exploration, development, acquisition, and production of natural gas and crude oil. Big Cat Energy Corporation operates in the United States and Canada. The company was incorporated in 1997 as Big Cat Investment Services, Inc. and changed its name to Big Cat Mining Corporation in 2001. Further, it changed its name to Big Cat Energy Corporation in 2006. Big Cat Energy Corporation is based in Gillette, Wyoming.
BCTE News:
November 14 - Marathon Oil Company Receives Approved Permits
Big Cat Energy Corporation (OTCBB: BCTE) announced that the Wyoming Department of Environmental Quality (WDEQ) has approved seven permit applications submitted on behalf of Marathon Oil Company (NYSE: MRO) to evaluate the ARID process in seven Marathon Gas wells located in the Wyoming Powder River Basin (WPRB). The ARID tools are slated for installation before the end of 2007. Marathon Oil has begun preparation of these Coal Bed Methane (CBM) wells for the installation of the ARID tools. Both Big Cat Energy Corporation and Marathon Oil have high expectations for these wells.
In addition Big Cat Energy has also brought on two more large CBM producers in the WPRB and will soon begin permitting several pilot wells on their behalf. Permit preparation will begin as soon as the companies provide the required data needed to populate the WDEQ permit applications for submission.
Big Cat Energy Corporation Board of Directors has recently approved a dividend of Big Cat's common stock in its spin off company, Sterling Oil and Gas Company, to the current shareholders of Big Cat Energy Corporation. The dividend will consist of approximately one share of Sterling common stock for every three shares of Big Cat Energy Corporation common stock. This dividend is subject to the completion and effectiveness of the appropriate filings with the Securities and Exchange Commission.
Management of Big Cat Energy has started a dialog with mining companies who could also benefit from the ARID technology. Mining companies typically must dewater their target zones prior to any mining activities. Permitting of wells, storage ponds, evaporation basins and containment facilities are often needed at great cost. The ARID process could eliminate many or all such facilities saving these companies large capital outlays. Meetings have been scheduled with some mining companies to determine the potential of the ARID tool and process in this scenario.
Big Cat Energy would also like to provide some clarity as to why we sometimes cannot use client names in our press releases. The principal reason is because we are restricted to do so under the Master Service Use Agreement (MSA) we are required to sign with most clients. The MSA requires Big Cat Energy to get approval to use the client's name. This process is time intensive and usually must go through many levels of company management and legal departments before approval is given. Depending on the nature of the press release, the use of a client's name may have to be approved each time the name is used.
Due to unforeseen delays in the CBM industry and with the government regulators who approve permits to use the ARID tool and process, it has taken longer than was projected for the tool and process to achieve its place in the industry. We can assure you that the company's business strategy is still on target and nothing has changed. The ARID Tool and process is an excellent tool and concept that works well and the CBM industry is embracing the ARID process.
ASCENDANT SOLUTIONS (OTCBB: ASDS)
"Up 31.11% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/ASDS.php
Ascendant Solutions, Inc., a diversified financial services company, operates in the healthcare and real estate markets in the United States. It operates in two segments, Healthcare and Real Estate Advisory Services. The Healthcare segment provides healthcare products and services through retail pharmacies, including specialty compounding pharmacy services and home infusion therapy centers. The Real Estate Advisory Services segment offers tenant representation, lease management, capital markets advisory, and strategic real estate advisory services. The company was founded in 1997 and is based in Dallas, Texas.
ASDS News:
November 14 - Ascendant Solutions, Inc. Announces Third Quarter 2007 Earnings
Earnings Momentum Continues
Ascendant Solutions, Inc. (OTCBB: ASDS) announced its third quarter 2007 earnings. Consolidated revenue for the quarter increased approximately 23.2% to $15,138,000, compared to consolidated revenue of $12,284,000 in the third quarter of 2006. Consolidated net income for the quarter increased significantly to $892,000 compared to a loss of ($8,000) for the same period in 2006, resulting in net earnings per share (“EPS”) of $0.04 compared to the third quarter 2006 loss of less than ($0.01) per share. In addition, the Company’s third quarter EBITDA was in excess of 3 times the EBITDA of the third quarter of last year, increasing to $1,350,000 from $387,000. (See tables below entitled Results of Continuing Operations and Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures for a reconciliation of net income (loss) to EBITDA on a GAAP basis.)
For the nine months ended September 30, 2007, the Company reported consolidated revenue of $43,980,000, an increase of approximately 13.4% over the $38,777,000 reported in the comparable period of 2006. Net income for the period was $1,544,000, or an EPS of $0.07, as compared to a net loss of ($331,000), or ($0.01) per share, reported during the first nine months of 2006. EBITDA for the nine months of 2007 increased approximately 314% to $2,694,000 from $650,000 reported in the comparable period of 2006.
David E. Bowe, President & CEO, commented, “The main factors of our positive third-quarter results include improved profitability from our real estate segment due to increased commissions from tenant representative services, and a non-cash adjustment in the corporate/other portion of our business relating to a gain booked at Fairways Frisco. These factors were partially offset by losses at Park InfusionCare, which was sold on November 7, 2007, from our healthcare business which had increased revenues, but which was also impacted by higher operating costs associated with labor costs. The substantial improvement in both net income and EBITDA demonstrates our management’s commitment to increasing long-term shareholder value.”
Mr. Bowe continued, “Further, the recently announced sale of Park InfusionCare is an example of the strategic cycle of making an investment, improving the value of that investment, then completing a sale in order to realize value for our company and our stakeholders. We will use the proceeds of the Park sale for general corporate purposes and to help fund future acquisitions.”
Key measures used by the Company’s management to evaluate business segment performance include revenue, cost of sales, gross profit, investment income and EBITDA. EBITDA is calculated as net income before deducting interest, taxes, depreciation and amortization. Although EBITDA is not a measure of actual cash flow because it does not consider changes in assets and liabilities that may impact cash balances, the Company believes it is a useful metric to evaluate operating performance and has therefore included such measures in the discussion of operating results.
Healthcare Results:
The Company’s healthcare results includes its subsidiary, Dougherty’s Holdings, Inc. (“DHI”), an operator of a number of retail pharmacies and also includes Park InfusionCare, which operates infusion therapy centers. As previously released, the Company completed the sale of Park InfusionCare to Maverick Healthcare Group, LLC on November 7, 2007. The healthcare business reported a 5.6% increase in third quarter 2007 revenue to $10,894,000, compared to $10,313,000 in the third quarter of 2006. The growth in revenue is primarily attributed to an increase in the number of retail pharmacy prescriptions filled and increases in the volume of infusion therapy drugs dispensed. The healthcare business experienced a net loss for the third quarter 2007 of ($11,000) compared to a net profit in the third quarter of 2006 of $330,000, due primarily to losses at Park InfusionCare, which was sold on November 7, 2007, and increased payroll costs at both the retail pharmacies and Park InfusionCare. EBITDA for the third quarter was $199,000 compared to EBITDA of $512,000 in the third quarter of 2006, a decrease of 61%.
For the nine-month period ended September 30, 2007, the healthcare business reported $32,809,000 in revenue, an increase of 8.4% over the $30,273,000 in revenue reported for the same period in 2006. Net income increased approximately 920% to $908,000 compared to $89,000 in 2006. EBITDA improved significantly to $1,457,000 compared to EBITDA of $404,000 for the comparable period in 2006.
Real Estate Advisory Services:
The Company’s third quarter 2007 revenue from its real estate advisory services businesses increased approximately 115% to $4,244,000 from $1,971,000 in the comparable period of 2006, primarily as a result of an increase in commissions from tenant representative services, partially offset by fewer fees received from advisory transactions. Net income for the third quarter 2007 increased approximately 2,015% to $994,000 from $47,000 in the third quarter 2006. EBITDA increased approximately 399% to $1,188,000 in the third quarter 2007 from $238,000 in the comparable period of 2006.
For the nine-month period ended September 30, 2007, real estate advisory services revenues increased approximately 31.4% to $11,171,000 from $8,504,000 for the comparable period of 2006. Net income of $1,705,000 for the 2007 period increased approximately 125% compared to the $758,000 reported in 2006. EBITDA increased approximately 59.6% to $2,203,000 in 2007 as compared to $1,380,000 reported in 2006.
Corporate and Other:
The Company incurred higher professional fees in the normal course of business during the three and nine month periods ended September 30, 2007 when compared to the same periods in 2006. The Company’s results were also impacted by non-cash adjustments of $199,000 and ($89,000) in the third quarters of 2007 and 2006 respectively, representing the Company’s share of the equity in gains (losses) of Fairways Frisco. On August 3, 2007, the Frisco Square Partnerships transferred a significant portion of its real estate interests and related liabilities to a new limited partnership in exchange for an interest in such entity. As part of that transaction, a third-party financial partner contributed cash to the formation of the new partnership and accordingly, Fairways Frisco realized a gain on the sale of its land and buildings.
For the nine month periods ended September 30, 2007 and 2006, these non-cash adjustments were ($4,000) and ($373,000), respectively. The Company is under no obligation to fund the operating losses or debts of Fairways Frisco; however the failure to do so will result in a dilution of the Company’s interest.
PEOPLE'S LIBERATION (OTCBB: PPLB)
"Up 25.00% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/PPLB.php
Los Angeles-based People’s Liberation, Inc., designs, markets and sells premium contemporary apparel under the brand names People’s Liberation™ and William Rast™. The clothing consists of premium denim, knits, wovens and outerwear for men and women. In the United States, the company distributes its merchandise to better department stores and boutiques, including Nordstrom, Bloomingdales, Saks Fifth Avenue, Neiman Marcus, Lisa Klein, Lulu’s Boutique and Fred Segal. Outside the U.S., its products are sold directly and through distributors to better department stores and boutiques in Canada, Germany, the United Kingdom, Greece, Cyprus and the Benelux Region of Europe, which includes Belgium, the Netherlands and Luxembourg. The Company also sells merchandise on its websites: www.peoplesliberation.com and www.williamrast.com.
PPLB News:
November 14 - People's Liberation Reports Record Third Quarter 2007 Profitability
Net Income Increased to Approximately $600,000
Gross Profit Increases to 49.4%
23% Increase in Sales
People’s Liberation, Inc. (OTCBB: PPLB), designer of premium denim and high-end casual apparel under the brand names People’s Liberation™ and William Rast™, reported record net income for the third quarter of 2007 of approximately $600,000, or $0.02 per share, compared with net income of $133,000 or $0.00 per share, for the third quarter of 2006.
Net sales for the third quarter of 2007 rose approximately 23% to $6.2 million compared with $5.1 million in the same quarter last year. The increase in sales primarily reflected continued growth of the William Rast brand. Sequentially, third quarter net sales increased by $1.6 million from $4.6 million in the second quarter of 2007.
Gross profit in the third quarter of 2007 increased to $3.1 million, up 30.9% from gross profit of $2.4 million reported in the same quarter last year. Gross margin for the third quarter of 2007 was approximately 49.4%, up from approximately 46.5% for the third quarter of 2006. The increase in gross margin was primarily due to continued economies of scale in manufacturing efficiencies. Sequentially, gross margin was also up from 48.7% in the second quarter of 2007. This increase resulted primarily from increased sales of higher margin William Rast men’s and women’s denim products and decreased returns, allowances and discounts in the third quarter of 2007.
Operating expenses for the third quarter of 2007 totaled $2.6 million, compared with $2.2 million in the third quarter of 2006.
Highlights and Key Events from the quarter and subsequent weeks included:
The addition of Kenneth Wengrod to the company’s board of directors. Mr. Wengrod is Founder and President of FTC Commercial Corp., a global finance commercial service company primarily focused in the apparel industry. Mr. Wengrod is an apparel and finance veteran.
The resignation of Daniel Guez from his positions as creative director and board member.
The launch of new spring image and marketing campaigns for both brands that are designed to grow brand awareness and broaden the brands’ customer base in the Company’s target markets.
The private placement of an aggregate of 1,060,000 shares of People’s Liberation common stock at $0.50 per share with strategic investors including the company’s German distributor, Unifa. The gross proceeds of $530,000 will be used for general working capital purposes. More importantly, management expects to benefit from expanded relationships with these strategic shareholder partners.
Subsequent to quarter’s end, the Company amended the William Rast Sourcing, LLC operating agreement, which eliminated $172,899 of minority interest that was accrued for in Q2.
“I am very pleased with the momentum we are seeing in our business,” said Chief Executive Officer Colin Dyne. “In the third quarter we achieved strong profitability as we saw a convergence of events including strong top line growth, which was driven by the expansion of our specialty and department store business, coupled with continued progress in our efforts to control overhead costs.”
“Also, the significance of our financing transaction in which we raised additional working capital lies in the strategic importance of the members of the fashion apparel industry, who, by participating, have expressed their confidence in our growth potential. In addition to forming important alliances with members of the apparel industry, we are also exploring potential acquisition candidates as a part of our strategy to create a portfolio of high-end contemporary brands under the People’s Liberation umbrella,” said Dyne.
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