Dallas, TX 11/16/2007 1:47:01 AM
OTCPicks.com Daily Market Movers Digest Midday Report for November 15th UVSE, QMCI, CCWW, ATEA, TRSI, CAMH
Our Stocks to Watch today include Universal Energy Corp. (OTCBB: UVSE), QuoteMedia, Inc. (OTCBB: QMCI), Cable & Co. Worldwide, Inc. (OTC: CCWW), Astea International Inc. (NASD: ATEA), Trophy Resources (OTC: TRSI), Cambridge Heart, Inc. (OTCBB: CAMH)
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UNIVERSAL ENERGY CORP (OTCBB: UVSE)
"Up 14.12% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UVSE.php
Company Profile:
http://www.otcpicks.com/universal-energy/universal-energy.htm
Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
UVSE News:
November 15 - Universal Energy Corp. Projects Profitability for the First Quarter of 2008 Based on Recent Drilling Successes
Universal Energy Corp. (OTCBB: UVSE), an emerging domestic oil and gas exploration and production company, announced that the company now projects profitability in the first quarter of 2008. "Our success at the wellbore is turning into real dollars for the company," commented Billy Raley, CEO of Universal Energy Corp. Raley continued, "With the production life of our already successful wells ranging from eight to twelve years, the visibility of our future revenue could not be clearer."
"Reaching profitability sets us apart from our peers," commented Dyron Watford, CFO of Universal Energy Corp., when asked about how Universal Energy was different from other emerging oil and gas companies. Watford continued, "I'm excited to be a part of Universal Energy, and I am even more excited that I'm a stockholder as well."
QUOTEMEDIA INC. (OTCBB: QMCI)
Detailed Quote: http://www.otcpicks.com/quotes/QMCI.php
Company Profile: http://www.otcpicks.com/quotemedia/quotemedia.htm
QuoteMedia, Inc. (OTCBB: QMCI) 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, please visit: www.quotemedia.com.
QMCI News:
November 14 - QuoteMedia Reports 56% Increase in Revenue for Q3 2007
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, 2007. These results reflect a 56% increase in third quarter revenues, to $1,501,097 from $960,111 in 2006. Revenue for the nine months ended September 30, 2007 increased 51%, to $3,993,202 from $2,651,248 in 2006.
At September 30, 2007, QuoteMedia's deferred revenue balance was $438,763 compared with $315,658 at September 30, 2006, an increase of 39%. Deferred revenue represents payments received in advance from customers that will be recognized as revenue in future quarters when the services are performed.
“Our significant revenue growth during these periods resulted from increased sales of our Interactive Content and Data Applications as well as from increased subscriptions to Quotestream, says Keith Guelpa, president of QuoteMedia, Inc. This is our 18th consecutive quarter of revenue growth, reflecting the broadening market acceptance of our full line of financial data products and the increasing depth of our data offerings, which now cover over 65 stock exchanges worldwide. Throughout the three quarters ended September 30, our customer base grew substantially and represents a solid basis for furthering our trend of strong revenue increases, quarter over quarter, into the foreseeable future.”
“In the third quarter, QuoteMedia built on the momentum of the first half of 2007 as we continued to focus on and gear up for full-scale commercialization of our new generation of Quotestream products. During the quarter, we continued to introduce Quotestream II to the market in limited release. Quotestream II represents a new generation of our portfolio management system, with enhanced features and functionality. The Company also substantially completed the development of Quotestream Professional. Where Quotestream II is geared towards providing a professional level experience to non-professional users, Quotestream Professional is designed specifically for use by financial services professionals, offering unparalleled coverage and functionality at extremely aggressive pricing. We expect that Quotestream Professional and Quotestream II will be available for general release in the fourth quarter of 2007.”
“We remain committed to the execution of our revenue growing strategies,” says Guelpa. “Our plan of operation for the remainder of 2007 will focus on pre-marketing Quotestream II for deployments by brokerage firms to their clients, and moving strongly into the investment professional market with Quotestream Professional. We also plan to release new international data sets and continue the market penetration of our Data Feed Services. We will continue to add new data content to expand our line of Interactive Content and Data Applications and to license our Quotestream Wireless applications.”
“As previously forecasted, and consistent with our focus on expansion, we experienced a loss for this quarter of $415,336 and for the nine months ended September 30, 2007 of $1,212,323. While we expect that we will continue to incur losses in the short term, we expect our revenues will continue to rise significantly in 2008 and overtake the increased cost commitments that we have undertaken to support the development, launch and operation of our new product offerings. We believe that we are well positioned and on track to meet our longer term objectives,” says Guelpa.
CABLE & CO WORLDWIDE (OTC: CCWW)
"Up 38.89% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CCWW.php
Cable & Co. Worldwide, Inc. focuses on the development and commercialization of over the counter, and non-prescriptive medical and dental care products. The company is based in New York, New York.
CCWW News:
November 14 - CCWW Is Acquiring INmarketing Which Has Annual Revenue of $12 Million
Cable & Co. Worldwide, Inc. (OTC: CCWW) ("Cable") has entered into a definitive agreement to purchase all of the capital stock of INmarketing Corp., a New Jersey corporation ("INmarketing") from its shareholders.
Headquartered in New Jersey, INmarketing Group, Inc. is a full service marketing company that provides comprehensive incentive and recognition programs. Its programs are designed to improve and enhance the behavior of individuals resulting positively to its clients by marketing expertise with technologically advanced on-line incentive and recognition applications. Results are delivered by identifying key issues, recommending effective solutions and offering the most sought after rewards in the industry. INmarketing effectively manages programs by employing communication strategies, continuing program analysis, program feedback and customer service. Its clients include such companies as Sharp Electronics, Travelers Insurance Home and Auto, Travelers Small Commercial, Hartz Pet Foods, Broadview, Bayer, A&P Stores and the like.
INmarketing's adjusted, unaudited EBITDA for the year ending December 31, 2007, will be $1,224,237 on sales of approximately $12 million.
Cable will acquire all of the outstanding equity of INmarketing for a purchase price of $6,121,185. Fifty percent of the purchase price will be paid in cash at the closing and the balance will be paid in the form of a promissory note, which, under certain circumstances, may be converted into common stock of Cable at the election of the note holders. The closing of the Acquisition remains subject to various conditions, and it is currently anticipated that the Acquisition will be consummated in or about January 2008.
Gary Stein, President of Cable, stated, "The acquisition of INmarketing will add great synergy to our previously announced understanding to acquire Quantum Research Services Inc. When these two acquisitions are completed, the combined Companies will have revenues in excess of approximately $17.0M and an adjusted EBITDA of approximately $1.6M. We are looking forward to growing both of these companies along with further acquisitions to build value for our shareholders." Mr. Stein further stated, "Additional news regarding Cable's plan to uplist to the American Stock Exchange will be released in the early part of next week, and over the course of the next several weeks additional information regarding the Cable's business plan will be forthcoming."
About INmarketing
INmarketing is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum currently provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
ASTEA INTERNATIONAL INC (NASD: ATEA)
"Up 35.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ATEA.php
Astea International (NASD: ATEA) is a global provider of service management software that addresses the unique needs of companies who manage capital equipment, mission critical assets and human capital. With the acquisition of FieldCentrix, Astea complements its existing portfolio with the industry's leading mobile field service execution solutions. Astea is helping companies drive even higher levels of customer satisfaction with faster response times and proactive communication, creating a seamless, consistent and highly personalized experience at every customer relationship touch point. Since its inception in 1979, Astea has licensed applications to companies, around the world, in a wide range of sectors including information technology, telecommunications, instruments and controls, business systems, HVAC, gaming/leisure, imaging, industrial equipment, and medical devices.
ATEA News:
November 15 - Astea Reports Profitable Third Quarter 2007 Results
Strong and Focused Execution Drives Revenue Growth
Astea International Inc. (NASD: ATEA), a global provider of service lifecycle management solutions, released financial results for the third quarter of 2007.
For the third quarter ended September 30, 2007, Astea reported revenues of $7,853,000, 24% greater than revenues of $6,349,000 for the same period in 2006. Net profit for the third quarter was $892,000 or $.25 per share, compared to a net profit of $45,000 or $.01 per share for the same period in 2006. License revenue of $2,793,000 was 26% greater than $2,212,000 for the same period in 2006. Total service and maintenance revenues increased 22% to $5,060,000 from $4,137,000 for the same period in 2006.
For the nine months ended September 30, 2007, total revenues of $21,956,000 are 50% greater than the revenues of $14,590,000 for the same period last year. Net profit for the nine months was $1,254,000 or $.35 per share compared to a net loss of $4,270,000 or ($1.20) for the same period in 2006. Year to-date license revenue of $5,499,000 was 65% greater than $3,334,000 for the same period in 2006. Service and maintenance revenue of $16,457,000 was 46% greater than 2006.
Included in the results for the first nine months of 2007 is the recognition of $1.6 million of revenue which had been deferred from a transaction with a customer in the U.K. in the fourth quarter of 2004 and continued through 2006. The revenue, recognized in the first quarter of 2007, is comprised of $384,000 of license revenue and $1.2 million in services and maintenance revenue. All costs related to generating these revenues were expensed in the periods in which they were incurred. The results from operations for the year-to-date results include all of the revenues discussed, but no related costs. Therefore, gross profit on revenue on a year-to-date basis for 2007 appears higher than similar periods. Such operating results are not typical for the Company and are not expected to recur.
"This quarter was marked with multiple significant large enterprise wins. We are extremely pleased with our execution and success. The new customers we signed represent larger-scale implementations. They will be leveraging our entire solution suite to drive their customer service business," stated Zack Bergreen, Chairman and CEO, Astea International. "We remain focused on addressing the tremendous opportunities we see worldwide, adding new talent to our team and building the infrastructure that will allow us to continue to provide superior service lifecycle management solutions to our customers around the world."
Third Quarter Highlights:
New Customers — Selected by 3 industry leading, enterprise companies to implement and deploy the full Astea Alliance suite, including our latest mobility and Dynamic Scheduling Engine solutions. Some of the benefits that these companies are looking to achieve include: creating a distinct competitive advantage in their respective markets; optimizing technician utilization and spare parts inventory; providing technicians with real-time access to information; and ultimately driving increased profitability and customer satisfaction.
Existing Customers of both the Astea Alliance and FieldCentrix
solutions continued to expand their configurations with additional
licensing for more users as well as many customers upgrading to the
latest releases.
One year after signing with Astea, Danka Business Systems PLC, one of the largest independent providers of enterprise imaging systems and services, completed the national deployment of Astea's FieldCentrix Mobility solution, to more than 1,000 field technicians, in order to support its' growing customer base. As a result, Danka has been able to further refine the company's already impressive technician-to-dispatcher ratio of 200 to 1; improve real-time visibility to its parts inventory; increase the number of work orders completed daily; deliver measurable cost savings; improve customer retention; sign new customers and enhance Danka's brand value and professional standing as an industry leader. Follow this link to learn more: www.astea.com/default.asp.
One of Astea's customers, The Linc Group, was featured in a cover story by Integrated Solutions magazine. In the article, they cited a one-year payback from the FieldCentrix solution. The Linc Group uses several components of the FieldCentrix solution, including FX Mobile, which contains the wireless sending and receiving capabilities as well as the user interface on mobile devices; FX Service Center, which is the back end dispatching interface that integrates with accounting software; and FX eService, which enables customers to view current and future work orders through a self-service Web portal. Follow this link to read more: www.astea.com/lincgroup.asp.
TROPHY RESOURCES (OTC: TRSI)
"Up 22.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TRSI.php
Trophy Resources, Inc. (www.trophyoil.com) is an independent natural resource company with the goal of controlling lease hold acreage and mineral rights. Trophy's oil interests are in the Fort Worth Basin in central Texas and the Casper Arch / Wind River Basin in Wyoming. Trophy expects to acquire advanced-stage projects and/or producing mines in some of the most prolific precious metal districts in the world. The Company's goal is to evaluate profitable options, build a solid foundation of assets through acquisition of land and/or leases, and explore and develop opportunities on these leases.
TRSI News:
November 15 - Trophy Resources to Realize Revenue Stream
Trophy Resources (OTC: TRSI) announced that with their initial well producing consistently they expect to again realize a revenue stream and net income.
"We have had intermittent production for the past month which has now become more consistent," stated Eric Leonetti, Trophy President and CEO. "Our field operator has informed us that we may have a much as two plus loads of oil in storage by the end of this week. We are making arrangements to have this oil picked up and sold at this time."
With oil prices remaining at record highs and the well producing between 16 to 20 barrels per day, Trophy (37.125% Working Interest) may earn a net income of approximately $5000.00 per month based on two loads per month.
CAMBRIDGE HEART (OTCBB: CAMH)
"Up 41.94% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/CAMH.php
Cambridge Heart, Inc. engages in the research, development, and commercialization of products for the non-invasive diagnosis of cardiac disease in the United States and internationally. Its products primarily include the Heartwave II System used to perform a Microvolt T-Wave Alternans Test, which requires an elevated heart rate to provide an accurate result; the Micro-V Alternans Sensors, which are single patient use, multi-segment electrodes that are required for the Microvolt T-Wave Alternans Test; the CH 2000 Cardiac Stress Test System, a diagnostic system designed to support a range of standard and physician-customized protocols for the conduct and measurement of cardiac exercise stress tests. Cambridge Heart sells its products primarily to cardiology group practices, hospitals, and research institutions through sales representatives and independent distributors. The company was founded in 1990 and is based in Bedford, Massachusetts.
CAMH News:
November 15 - Cambridge Heart Releases Statement by Dr. Theodore Chow on MTWA Testing
Cambridge Heart, Inc. (OTCBB: CAMH), issued the following statement from Dr. Theodore Chow, Director of Electrophysiology Research for the Carl and Edith Lindner Clinical Trials Center at the Ohio Heart and Vascular Center, regarding Microvolt T-Wave Alternans (MTWA) Testing.
Dr. Chow stated, “The recent MASTER and ALPHA Trials have helped to clarify the role of MTWA testing in current practice, and I am proud to have been part of this effort. These studies are consistent with the notion that MTWA testing identifies patients more or less likely to suffer “hard endpoints” (i.e. mortality) but is less able to discriminate which ICD treated patients will receive shocks. The discrepancy between mortality and ICD shock data may relate to the fact that many (possibly the majority) of ICD shocks are for ventricular arrhythmias that would not have proven lethal. It is important to view these trials through the lens of the substantial body of existing MTWA literature.
“I believe that MTWA testing in today’s clinical practice can add value to the patient encounter. MTWA testing provides additional information about a patient’s mortality risk profile that could influence the chosen therapy. While I firmly support evidenced based ICD therapy, I also believe that a good physician brings more to the clinical encounter than recollection of a treatment pathway—that doctoring is about treating the patient, not the ECHO. While MTWA testing may not influence the clinical decision every time, having more information about your patient’s risk profile is frequently still better than having less when making an informed decision. By analogy, I do not necessarily need a CXR [chest x-ray] to know that my patient has pneumonia, but I order it because it provides me with a deeper understanding of my patient’s condition. In those cases where more data about mortality risk helps make one a better doctor, I advocate MTWA testing.”
About the Cambridge Heart Microvolt T-Wave Alternans Test
The Cambridge Heart Microvolt T-Wave Alternans Test measures a specific extremely subtle pattern of beat-to-beat fluctuations in a person's electrocardiogram. This pattern of fluctuations is called T-wave alternans. These tiny variations in the electrocardiogram - measured at one millionth of a volt accuracy – are most commonly measured during a sub-maximal exercise stress test in the doctor’s office or hospital outpatient setting. The preparation for the test consists of placing proprietary sensors on the patient's chest. Extensive clinical research has shown that those patients who are at risk of ventricular tachyarrhythmia that test positive for microvolt T-wave alternans are at increased risk for sudden cardiac death, while those who test negative are at reduced risk.
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