Dallas, TX 11/16/2007 7:50:49 AM
OTCPicks.com Stocks to Watch for Friday, November 16th CAMH, LOCM, ATEA, FTMMD, SRSR, BSGC
Our Stocks to Watch tomorrow include Cambridge Heart, Inc. (OTCBB: CAMH), Local.com (NASD: LOCM), Astea International Inc. (NASD: ATEA), Fortune Market Media (OTC: FTMMD), Sarissa Resources, Inc. (OTC: SRSR) and BigString Corporation (OTCBB: BSGC).
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CAMBRIDGE HEART (OTCBB: CAMH)
"Up 69.89% on Thursday"
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.
LOCAL.COM CORPORATION (NASD: LOCM)
"Up 45.04% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/LOCM.php
Local.com (NASD: LOCM) is a top U.S. website attracting approximately 10 million visitors each month seeking information on local businesses, products and services. The company also owns and operates a UK version of the Local.com site (http://uk.local.com). Local.com is also one of the largest local search syndication networks, publishing business information on over 400 regional media sites. Powered by the company’s patented local web indexing and Keyword DNA® technologies, Local.com provides users with targeted, relevant local search results, including special offers from local businesses, user reviews, local businesses’ website links, maps, driving directions and more. Businesses can advertise on Local.com with subscription, pay-per-click, banner and pay-per-call ad products. The site’s mobile service, Local Mobile™, provides local search results via mobile phones and devices. Local.com claims U.S. patent numbers 7,231,405 and 7,200,413. For more information, visit www.local.com.
LOCM News:
November 15 - Local.com Begins Licensing Local Search Technology
Syndication Contracts Now Include License for U.S. Patent No. 7,231,405
Local.com Corporation (NASD: LOCM), a leading local search engine, today announced the signing of five license agreements for U.S. Patent No. 7,231,405, which covers methods for indexing and retrieving web-related information by geographical location.
The patent licenses have been integrated into revised contracts for Local.com’s LocalConnect platform, which was recently expanded via the acquisition of PremierGuide. Former PremierGuide clients Community Newspaper Holdings, Inc. (CNHI), GateHouse Media, Inc., Herald Association, Inc., Intellistrand, LLC and The Telegraph, including over 200 sites owned and operated by these properties, have now completed revised contracts directly with Local.com.
“We are pleased to license our patented local search technology to these companies and we look forward to signing more licenses over time,” said Heath Clarke, chairman and CEO, Local.com. “Our method of geographical searching and indexing of data by location helps to deliver the most relevant local search results, and we encourage other companies that are interested in improving their local search results to consider licensing Local.com’s powerful technology.”
The patent claims cover local search technology related to identifying location information from web documents, indexing that information and making it searchable geographically. In Local.com’s commercial implementation of the technology, the search results are ranked by search term, LocalRank score, and location prominence, among other factors. The system then extracts, matches and indexes web pages from the Internet and generates web references where applicable on more than 16 million local businesses listed nationwide on Local.com.
Local.com announced in July 2007 that it was granted U.S. Patent No. 7,200,413 by the U.S. Patent and Trademark Office. This patent covers a method of responding to enhanced directory assistance inquiries using various protocols, including voice-enabled and SMS systems. The method is designed to monetize those local searches. Local.com has a number of additional local-search-related patent applications pending.
ASTEA INTERNATIONAL INC (NASD: ATEA)
"Up 36.23% on Thursday"
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.
FORTUNE MARKET MEDIA (OTC: FTMMD)
"Up 34.15% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/FTMMD.php
Fortune Market Media Inc. is a diversified media and communications company providing businesses with a variety of financial-, consumer- and investor-related communications services. Fortune Market creates awareness among investors, consumers and potential partners through its multi-channel streams of media.
FTMMD News:
November 15 - Fortune Market Race Team to Appear at LA Auto Show
Driver and President to Answer Fans' and Media's Questions about Country's First Publicly-Owned Racing Team
Fortune Market Media (OTC: FTMMD), the rapidly expanding diversified media and communications corporation and only publicly traded company to own a racing team, will meet with racing fans, media and potential investors Saturday, November 17th, at the Los Angeles Auto Show.
On hand will be Gene Sigal, driver for the Fortune Market Racing Team, as well as Arthur Kats, Fortune Market president and CEO. They will be in the Kentia Hall, booth K431, from noon to 6 p.m. to discuss the racing series, the team, the car, the schedule and becoming the first North American publicly traded race team.
“The LA Auto Show is the perfect opportunity to reach the fans who want to meet the driver, hear about everything in the car, from the engine to the tires, and get in on the action,” said Kats.
The appearance comes on the heels of Wednesday’s announcement that the company went public under the stock symbol FTMMD, offering fans of racing the first-of-its-kind opportunity to own a share of a race car.
“Fortune Market is the company of the future and the Fortune Market Racing team is the sports team of the future,” said Kats. “People can’t wait to get on board and behind the wheel.”
The Fortune Market Racing Team is part of the Grand-Am Rolex Sports Car Series and the only team on the west coast. It will hit the track for the first time with its new livery and new drivers’ lineup Nov. 14 and 15 at the Daytona International Speedway during the Grand-Am Rolex Sports Car Series Pirelli open tests. The 2008 season will start with the grueling Rolex 24 hours of Daytona Jan. 26 and 27, 2008.
Fortune Market’s entertainment division, Future Rhythm, promises an announcement soon regarding a tie-in to the Daytona 24 race. Also under the company’s umbrella is Fortune Market Radio, creator of the program “Your Money’s Worth,” which airs on 97.1 KLSX Free FM in Los Angeles, and frequently carries news about the racing team.
More information about Fortune Market Racing and Fortune Market Media can be found at www.fortunemarketracing.com and www.fortunemarket.net, respectively.
About Grand-Am Rolex Sports Car Series
The Grand American Road Racing Association, which operates and sanctions the Grand-Am Rolex Sports Car Series, is the premier road racing organization in North America. The 15-race 2008 Rolex Series calendar delivers professional sports car racing to key markets throughout North America in addition to being televised in the United States and Canada on SPEED and distributed globally through ESPN International. The Rolex Series showcases emerging and legendary drivers from around the globe and thoroughbred racing machines from the industry's leading constructors and the world's top automobile manufacturers. Learn more about Grand-Am at www.grand-am.com.
SARISSA RESOURCES (OTC: SRSR)
"Up 33.33% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/SRSR.php
Sarissa Resources Inc. is a North American exploration junior with initial exploration properties in Northern Ontario, Canada. These properties include PGE, diamond and base metal exposure.
SRSR News:
November 15 - Sarissa Resources Inc. Acquires Another Uranium/Copper Property in the Elliot Lake Camp in Northern Ontario
Sarissa Resources, Inc. (OTC: SRSR) announced that it has acquired a Uranium/Copper mineral property in the Elliot Lake Camp in Albanel Township, situated in Northern Ontario. This property represents approximately 480 acres of land. The property is along an identified trend. Ben Fuschino, CEO, comments, "This property seems to be the last available piece of mining land available in this established uranium/copper/gold trend, and we, at Sarissa, are very lucky to have acquired this piece of land. This will be my last acquisition before Scott Keevil takes over the CEO position on December 1."
Scott Keevil adds, "The price upswing in uranium over the past few years makes it much more exciting from an exploration viewpoint and this area looks to have some great potential for both uranium and copper. I'm looking forward to seeing how this property group can best be exploited for Sarissa's benefit. Overall, I think the current board has done a good job in acquiring this property as well as others properties in their current exploration portfolio."
BIGSTRING CORPORATION (OTCBB: BSGC)
"Up 30.18% on Thursday"
Detailed Quote: http://www.otcpicks.com/quotes/BSGC.php
BigString Corporation, through its subsidiary, BigString Interactive, Inc., provides email services. It offers BigString, which is a Web-based, POP3 server email service solution that allows the user to edit, recall, cancel, and erase the email, as well as insert or delete attachments, even after the email has been sent out and opened. The company also provides BigString Beta 2.0 that offers erasable, recallable, and self destroying applications, non-printable and non-forwardable emails, set time or number of views, and masquerading to protect the sender's privacy and security. BigString Beta 2.0 also provides spam filters, virus protection, and large-storage web-based email accounts. The company's products include BigString Free, which provides the features of BigString Beta 2.0, and includes 1GB of storage and permits the user to send unlimited emails per month; BigString Premium, which offers the features of the BigString Free account, plus vanity domains, POP3 access using any email client,
2GB of storage, and 30 minute video email; and BigString Business that offers the features of the BigString Premium account, plus 10 email accounts, 20GB of storage, global filter notification, and email management. BigString Corporation also offers BigString Marketer Pro, which provides an enterprise marketing software application which allows for the sending of interactive video email commercials that can be programmed to self-destruct at a set time; and BigString Marketer SMB, a hosted video email marketing platform for small and medium size businesses. The company was founded in 2003. It was formerly known as Recall Mail Corporation and changed its name to BigString Corporation in 2005. Bigstring Corporation is based in Red Bank, New Jersey.
BSGC News:
November 15 - BigString Launches Facebook Application That Enables Users to Send Messages & Photos Programmed to Self-Destruct
Part of BigString's Initiative to Develop Social Networking Messaging Applications Built Around The Company's Core Technology
A new application that enables Facebook users to send exploding messages and pictures that can be programmed to self-destruct at a specific time, has been launched by BigString Corporation (OTCBB: BSGC). This new Facebook application is part of BigString's initiative to develop social networking messaging applications built around the company's core technology.
This application is based on BigString’s self-destructing email feature. With it, senders can determine when and how their Facebook message disappears by choosing from more than 100 animations and effects, including fiery death, exploding emoticons, explosions, etc.
Darin Myman, president and CEO of BigString Corporation stated, "We believe that the rapid growth of social networks such as Facebook are creating a large and important market opportunity for BigString’s messaging technology. Our Facebook application will be the first of many that will adapt our patent-pending email technology for social networks.”
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