OTCPicks.com Daily Market Movers Digest Midday Report for December 4th PSMH, VSPC, SKNN, IWEB, QSGI

Our Stocks to Watch today include PSM Holdings, Inc. (OTC: PSMH), VIASPACE Inc. (OTCBB: VSPC), Skins Inc. (OTCBB: SKNN), IceWEB, Inc. (OTCBB: IWEB), QSGI, Inc. (OTCBB: QSGI)

Visit http://www.otcpicks.com/ to register for our Daily Market Mover’s Digest Newsletter, and Email Stock Watch Alerts

PSM HOLDINGS INCORPORATED (OTC: PSMH)

"Up 11.87% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PSMH.php

PSM Holdings, Inc. operates as an agent or broker for mortgage lenders in real estate mortgage loan transactions, as well as solicits and receives applications for secured or unsecured loans in the United States of America. It also originates mortgage loans that are funded by various national lenders. The company was incorporated in 1991 and is based in Roswell, New Mexico.

PSMH News:

December 3 - PSMI Opening Office in Kansas

PrimeSource Mortgage, Inc. (PSMI), a subsidiary of PSM Holdings, Inc. (OTC: PSMH), continues to open branches Nationwide. PSMI recently announced the opening of an independently owned and operated PrimeSource Mortgage (PSM) office in Overland Park, Kansas. Phillip Johnson, most recently operated within a large net-branch operation in the area, is the owner and operator of this new PSM branch. Johnson has plans in place for further expansion into Kansas City, Missouri.

Johnson, with over 30 years of mortgage experience, is well qualified to head up this mortgage-lending office. Johnson began his career with Liberty Mutual Insurance Company where he "learned the value of personal property". Later, Johnson began to focus on Life, Health, and Investments with Mutual of New York. Phillip Johnson was awarded the prestigious Kansas City Chamber of Commerce customer service award. Johnson has had tremendous success in growing his business, gaining knowledge and has made Overland Park his home base for his opening of a PrimeSource Mortgage office.

Johnson believes there are many advantages to being a part of the PrimeSource family. Johnson states, "I am able to realize my life dream of helping people achieve and realize their dreams of financial independence and home ownership. With backing of a larger company with programs to put me above the competition, such as the NWBO platforms and PushMX Software, I am able to offer outstanding service and great products. I appreciate that PSMI is also licensed in 24 states which expands my own outreach."

Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 24 states. One reason for the growth and success of this company is its commitment to personalized customer service embodied in the motto: We Walk You Home. Because the mortgage process is so complex and often confusing, the company has chosen to walk hand-in-hand with each client through the entire process.

PSM Holdings, Inc., the parent company, is now a publicly traded company; over-the-counter (OTC) shares became available in October 2005. Ron Hanna, Chairman of the Board, said, "We are excited about this because it offers our customers and staff the opportunity to own a part of our company."

For more information about PSMH, go to its Web site at www.PSMHoldings.com.

For local information, call Phillip Johnson at 913-381-2726 or email phil@wisdom4wealth.net.

VIASPACE INCORPORATED (OTCBB: VSPC)

"Up 4.17% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/VSPC.php

VIASPACE, Inc. commercializes space and defense technologies from NASA and the department of defense into hardware and software products in the United States. The company provides disposable fuel cartridges and intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells; and develops products and services based on inference and sensor data fusion technology. It also develops mass spectrometry technology that improves the application of mass spectrometry for industrial process control and environmental monitoring, and produces detection systems for homeland security, as well as holds patents and various patent applications in the areas of interactive radio technology. The company's direct methanol fuel cell-based products are developed for laptop computers, cell phones, music players, and other applications. It offers its services in the areas of energy/fuel cells, microelectronics, sensors and software for defense, homeland security and public safety, and information and computational technology. VIASPACE was founded in 1998 and is based in Pasadena, California.

VSPC News:

December 3 - VIASPACE CEO Presents at World Methanol Conference

VIASPACE Inc. (OTCBB: VSPC) CEO Dr. Carl Kukkonen gave an invited presentation at the 25th annual World Methanol Conference held in Orlando, Florida November 27-29, 2007. The annual international conference covers existing and future markets for methanol. Dr. Kukkonen's presentation was on "Methanol Fuel Cells-Portable Electronics and Automotive Applications." Methanol fuel cells represent a new energy market for the industry.

The conference, with over 200 attendees, featured presentations on methanol markets, bio methanol, green methanol, methanol and energy, biodiesel fuel which is made using methanol, as well as global trends in the marketplace. China has turned out to be one of the largest users of methanol and is planning to blend methanol with gasoline as an automotive fuel. Presenters and attendees represented the largest methanol and petrochemical companies in the world.

VIASPACE Energy subsidiary Direct Methanol Fuel Cell Corporation produces disposable methanol fuel cartridges for portable electronic devices such as notebook computers and mobile phones that are expected to be powered by fuel cells in the future. Direct Methanol Fuel Cell Corporation has cartridge manufacturing partners in Korea, Japan and the US. Direct methanol fuel cell powered portable electronic devices have been demonstrated by companies such as Toshiba, Hitachi and Samsung.

SKINS INCORPORATED (OTCBB: SKNN)

"Up 29.11% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/SKNN.php

Skins, Inc., a development stage footwear company, engages in the design, manufacture, and marketing of men's and women's footwear. It is developing a footwear product, including two-part footwear structure consisting of an outer collapsible "Skin" and an inner orthopedic support section called the "Bone." The company was founded in 2004 and is headquartered in New York, New York.

SKNN News:

December 3 - Skins, Inc. Strikes Agreement with Atsco Footwear

On November 28, 2007, Skins Inc. (OTCBB: SKNN) (the "Company") executed a Buying Agency and Sourcing Agreement (the "Agreement") with Atsco Footwear, LLC ("Atsco"). Pursuant to the Agreement, Atsco will serve as the Company's non-exclusive buying and sourcing agent and will be responsible for sourcing, commercialization and product line review. The Company will pay Atsco a commission of 7% of the $5 million and 5% for the amounts above the first $5 million at the FOB country of origin price for merchandise sourced by Atsco and shipped to the Company.

The Agreement has an initial term of one year, from November 15, 2007 through November 15, 2008, and each party has the option to extend the initial term of the Agreement for an additional year upon providing written notice to the other party no less than thirty days prior to the expiration of the initial term. Either party may terminate the Agreement at any time upon providing the other party with three months written notice.

Mark Itzkowitz, the President of Atsco, is also an advisory member of the Board of Directors of the Company.

ICEWEB INCORPORATED (OTCBB: IWEB)

"Up 11.11% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/IWEB.php

IceWEB, Inc., together with its subsidiaries, provides hosted software applications and network infrastructure solutions to small and medium-sized businesses, non-profit organizations, and government organizations in the United States. It offers hosted Web-based collaboration solutions that enable organizations to establish Internet, Intranet, and email/collaboration services. The company's online products and services include IceMAIL that provides a network hosted groupware, email, calendaring, and collaboration solution; IcePORTAL which enables to share and manage announcements, tasks, events/calendars, document libraries, pictures, and discussion threads through a single Web-based portal; and IceVISTA that provides Web hosting services. It also offers LearningStream.com, an online business education portal that offers subscription-based online classes to consumers and corporate customers. In addition, the company provides network infrastructure security solutions, such as access control, email security, intrusion detection, firewall, authentication, PKI, encryption, and traffic filtering products and services to protect the network infrastructure. Further, it offers consulting services, including network infrastructure, enterprise email/collaboration, and Internet/Intranet portal implementation and support services. IceWEB sells its products and services through direct sales force and online marketing. The company was founded in 2000 and is headquartered in Herndon, Virginia.

IWEB News:

December 4 - IceWEB(TM) Named by Apple(R) as Authorized Distributor to U.S. Federal Government

IceWEB, Inc. (OTCBB: IWEB), a leading one-stop source for best-of-class computing hardware, on-demand software, advanced networking solutions and innovative online services, announced that it has been selected by Apple® to serve as an authorized distributor of Apple products and services to the U.S. Federal Government.

Pursuant to the distribution agreement, IceWEB will offer Apple’s entire line of solutions and products to government agencies under its current supply contracts. Headquartered just outside of Washington D.C., IceWEB has specialized in providing Federal Government (DOD and civilian agencies) solutions for over ten years. The Company has multiple GSA, GWAC and BPA agreements with key agencies to make purchasing simple, and has distinguished itself as a preferred solutions provider engaged in the design, build, security and management of complex network infrastructure.

John R. Signorello, Chairman and CEO of IceWEB, added “Now that the Department of Defense (DOD) has cleared Apple for deployment on DOD networks, the expansion of our product and service offerings to include Apple’s solutions presents enormous growth opportunity for IceWEB. With industry experts predicting that government IT spending will rise from $79 billion this year to $102 billion by 2012, the environment for capitalizing on strategic sales opportunities within the Federal Government is presently ideal. Moreover, prevailing federal IT demand for standards-based, open sourced products and solutions – particularly those related to video and optimized storage – plays to Apple’s strengths and should assist IceWEB in achieving notable market penetration on their behalf.”

QSGI (OTCBB: QSGI)

"Up 6.67% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/QSGI.php

QSGI, INC., a technology services company, provides data security and compliance, and data center hardware and maintenance services in the United States and internationally. It operates through three segments: Data Security & Compliance, Data Center Hardware, and Data Center Maintenance. The Data Security & Compliance segment provides data security and regulatory compliance services for end-of-life business-computing information technology solutions. This segment's services include auditing and detagging; data erasing for hard drives; tape and hard drive degaussing; extranet reporting; regulatory compliance certification and indemnification; asset auditing/life cycle management; information technology asset remarketing; and environmental compliance for information technology assets. It also offers reverse logistics, and client-site audit and erasure solutions. In addition, the Data Security and Compliance segment resells used and refurbished computer products, including servers, laptop and desktop computers, monitors, personal computer processors, CD/DVD disk drives, modems, printers, and memory. The Data Center Hardware segment resells refurbished hardware and associated peripheral products, including refurbished IBM mainframe and midrange processors, IBM/OEM tape and disk storage products, Hitachi data systems products, EMC products, controllers and mainframe printers, and connectivity products. The Data Center Maintenance segment provides hardware and associated peripheral products and data center consulting services. The company was founded in 1967. It was formerly known as WindsorTech, Inc. and changed its name to QSGI, INC. in 2005. QSGI, INC. is based in Palm Beach, Florida.

QSGI News:

December 4 - QSGI Announces Onsite Data Security Services Contract with Major Financial Institution

QSGI, Inc. (OTCBB: QSGI), the only provider of a full suite of information technology services to help corporations better manage hardware assets, maintenance expenses, and ensure best practices for data security and regulatory compliance, announced it has entered into an agreement to provide onsite data security and compliance services to one of the world’s largest investment banking and retail brokerage firms. QSGI will perform onsite audit, erasure and other security services within this client’s North American data centers.

Marc Sherman, chairman and chief executive officer, commented, “Hard drives under warranty that begin to fail must be fully erased before returning the equipment to the manufacturer in order to preserve sensitive data that may be stored on the hard drive. Shredding or otherwise discarding these failed drives is a costly proposition that can cost the owner upwards of $2,000 per drive. As illustrated by this latest contract, the value of QSGI’s onsite data security and compliance services to the client are substantial. By using QSGI’s services, the end user gets the most secure process in the industry and also saves a significant amount of money annually. Our process allows for the audit, erasure and comprehensive reporting for all hard drives associated with enterprise storage hardware including those within the SANs unit, loose, working or failed. We are seeing the adoption of our services taking hold because of the clear value proposition that we offer and we are very pleased to have signed on this marquee financial institution.”

Mr. Sherman continued, “Initially, we will provide our services on-site using our server suitcase solution at multiple data centers. We will utilize a process that QSGI introduced earlier this year for audit and erasure designed specifically for enterprise storage systems, whereby we can quickly audit and erase tens or hundreds of drives in enterprise storage arrays from major OEMs, including EMC, HP, Hitachi, Dell, Sun and IBM. This volume of work can be done as fast as a single drive. We can achieve sanitizing speeds of 1 terabyte of data in only 15 minutes while providing data centers complete data security and regulatory compliance at their facilities. Our ability to do the work on-site at our clients’ premises eliminates the high risk of data breaches associated with shipping computer equipment off-site.”

Mr. Sherman concluded, “Besides the obvious advantages of QSGI’s audit and erasure capabilities, our process enables our clients to recapture value from their equipment upon re-sale. This is because we do not destroy the systems as is often the case when companies choose to scrap their hard drives and hardware at the end of the life cycle or when equipment comes off lease. As more and more companies seek to avoid the risk of security breaches and to save money in the process, QSGI is becoming the “go to” provider of these services for a growing number of entities, as is evidenced by our expanding customer base of Fortune 1000 clients.”

ABOUT OTCPICKS.COM

OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our web site or in our daily Newsletter or Market Mover’s Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

Disclaimer:

Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE: The OTCPicks.com employees are NOT Registered as an Investment Advisor in any jurisdiction whatsoever.

Release of Liability:

Through use of this website viewing or using you agree to hold OTCPicks.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. OTCPicks.com has been compensated twelve thousand dollars by a third party (Equity Alliance Intl) for VSPC advertising and promotional services. For a complete list of disclosures go to http://www.otcpicks.com/disclosure_details.php. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCPicks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCPicks.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTCPicks.com and its affiliates are not registered investment advisors or a broker dealers. OTCPicks.com has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor’s sole risk. OTCPicks.com also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTCPicks.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCPicks.com. OTCPicks.com owners may or may not hold positions in the companies that are profiled.

The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.

Third Party Web Sites and Information:

OTCPicks.com and newsletter may provide hyperlinks to third party websites or access to third party content. OTCPicks.com does not control, endorse, or guarantee content found in such sites. You agree that OTCPicks.com is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that OTCPicks.com shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only.