Our Stocks to Watch today eBenefits Direct, Inc. (OTC: EBFD), Vsurance, Inc. (OTCBB: VSUR), XSunX Inc. (OTCBB: XSNX), GreenMan Technologies, Inc. (OTCBB: GMTI), SoftNet Technology Corp. (OTCBB: STTC), Transax International Limited (OTCBB: TNSX)
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EBENEFITSDIRECT (OTC: EBFD)
Detailed Quote: http://www.otcpicks.com/quotes/EBFD.php
Company Profile:
http://www.otcpicks.com/ebenefits-direct/ebenefits-direct.htm
eBenefits Direct, Inc. is a nationwide leader in the direct marketing and distribution of a wide range of health and life insurance products to individuals, families and groups. By utilization of its many call centers across the country it enables an individual to efficiently purchase health and life insurance as well as medical and discount service programs. The company has revolutionized the way health and life insurance has historically been sold. eBenefits Direct, Inc.'s approach is through many mass distribution areas such call centers, the internet and massive lead generation programs.
EBFD News:
December 14 - eBenefits Direct Subsidiary, L.A. Marketing Plans, Launches Call Center in Portland, Maine, to Market Healthcare Programs to Uninsured Individuals Across the U.S.
L.A. Marketing Plans LLC, a wholly owned subsidiary of eBenefits Direct, Inc. (OTC: EBFD), announced recently that its exclusive RightHealth program has expanded its operation with a new call center facility located in Portland, Maine. This addition will allow RightHealth to reach a significant market of uninsured consumers.
“We are very pleased to be able to offer the RightHealth portfolio of products for distribution through this call center. RightHealth, a medical discount program, provides a helpful solution to individuals that do not qualify for or cannot afford major medical insurance. Through the association membership, individuals are provided access to medical discounts and additional defined insured benefits. The launch of this new facility will help expand and promote the RightHealth programs,” said Rob Michaelson, President of L.A. Marketing Plans LLC.
RightHealth provides members a combination of discounts on healthcare costs, including physicians, dental and vision, and access to a variety of other valuable healthcare features, such as defined accident insurance coverage, including accident disability income and an emergency rescue plan, through membership in America's Health Care Consumer Association.
The RightHealth programs are available through Access Plans USA, Inc. (www.accessplansusa.com), a publicly traded company. Access Plans is a nationwide distributor of health insurance and non-insurance healthcare programs that provide access to affordable healthcare for the growing number of uninsured and/or underinsured in the United States. For more information on the RightHealth programs, visit www.righthealthplan.com.
VSURANCE INC (OTCBB: VSUR)
Detailed Quote: http://www.otcpicks.com/quotes/VSUR.php
Company Profile: http://www.otcpicks.com/vsurance/vsurance.htm
Vsurance is a leading provider of pet health insurance and other pet health-related services in the United States. Programs include its Get HIP™ Pet Health Insurance for Pets program, the most comprehensive full-coverage pet health insurance plan in the industry. Vsurance provides pet and horse resource centers through the Internet including VetpetMD™, Spot the Pet™, and Purrfect Pet Club™. Programs include life, liability, and health insurance for pets, horses, and other companion animals.
VSUR News:
December 17 - Vsurance, Inc. First Pet Health Insurance Provider To Cover Holistic Treatments
Wellness Care Endorsement on the Company's Protect 4 Pet Health Insurance Plan Covers Holistic, Homeopathic Consultations, Treatments, or Herbal Supplements
Vsurance, Inc. (OTCBB: VSUR), a leading provider of pet health insurance, announced that it is the first and only pet health insurance provider to cover holistic treatments in the prevention of illness of dogs and cats.
Holistic medicines & care is an alternative way of healing companion animals. It is the art and science of healing that addresses care of the whole animal – body, mind, and spirit. The practice of holistic medicine integrates conventional and complementary therapies to promote optimal health and to prevent and treat disease by addressing contributing factors. In addition to not only using the normal drugs and medicines, the attending veterinarian might prescribe remedies brought to us through natural sources.
The American Holistic Medical Association (AHMA) founded in 1978 is a membership organization for physicians seeking to practice a broader form of medicine than what was (and is) currently taught in allopathic (MD and DO) medical schools. For 25 years the AHMA has nurtured and educated physicians making this transition. Current membership is nearly 1,000 physicians and allied health professionals who seek to make the holistic model available to patients and practitioners alike (www.holisticmedicine.org).
“We are very excited to provide health insurance coverage for this growing treatment option for companion animal owners,” stated Russell Smith, CEO of Vsurance, Inc. “This is an important and defining difference in what makes our pet health insurance plans the best in the marketplace today.”
XSUNX INCORPORATED (OTCBB: XSNX)
"Up 27.99% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/XSNX.php
XsunX, Inc. engages in the development, commercialization, and licensing of proprietary solar cell designs and core solar cell manufacturing systems. The company's designs and manufacturing systems enables licensees to manufacture advanced thin film solar devices on various substrates. It focuses on two primary solar cell device types for production that include Power Glass, for semi-transparent and opaque applications on both flexible and rigid substrates; and Hybrid 4-Terminal, for opaque applications rivaling silicon wafer efficiencies. The company primarily serves original equipment manufacturers in the thin film solar products market. It has a strategic alliance with MVSystems, Inc. The company, formerly known as Sun River Mining, Inc., was incorporated in 1997 and changed its name to XsunX, Inc. in 2003. XsunX is based in Aliso Viejo, California.
XSNX News:
December 17 - XSunX Inc. Rated 'Speculative Buy' Target Price $1.50 by Beacon Equity Research
XSunX Inc. (OTCBB: XSNX) has been rated a Speculative Buy with a price target of $1.50 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at www.BeaconEquityResearch.com.
In the report, the analyst writes, “XsunX, Inc. was created in 2003 to develop and commercialize advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. Over the past year, the Company has shifted its focus from licensing its technologies to using its technologies to design cutting-edge manufacturing systems for producing and marketing thin-film amorphous solar modules. The Company owns three patented technologies relating to photovoltaic technology design, manufacturing processes, and technology development. The Company has begun work on a multi-megawatt solar module production facility in the US.”
GREENMAN TECHNOLOGIES (OTCBB: GMTI)
"Up 21.43% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GMTI.php
GreenMan Technologies, Inc., together with its subsidiaries, engages in collecting, processing, and marketing scrap tires in whole, shredded, and granular form in the United States. The company's collected products are processed and sold as a tire-derived fuel used in lieu of coal by pulp and paper producers, cement kilns, and electric utilities; a substitute for crushed stone in civil engineering applications, such as road beds, landfill construction, and septic field construction; and a crumb rubber used for playground and athletic surfaces, running tracks, landscaping/groundcover applications, and bullet containment systems. It serves tire manufacturers, local and regional tire outlets, and state and local governments. The company was founded in 1992 and is headquartered in Savage, Minnesota.
GMTI News:
December 17 - GreenMan Technologies Reports Fourth Quarter and Year Ending September 30, 2007 Results
Second Consecutive Profitable Quarter; First Profitable Year in Five Years
GreenMan Technologies, Inc. (OTCBB: GMTI), a leading recycler of over 12 million scrap tires per year in the United States, announced results for the three and twelve months ended September 30, 2007.
Lyle Jensen, GreenMan's President and Chief Executive Officer, stated: "Fiscal 2007 was a year of transformation for GreenMan, and we're very pleased to close our first profitable year since 2002 with solid fourth quarter performance and our second consecutive profitable quarter. Notably, net revenues for the quarter and fiscal year increased 19 percent and 15 percent, respectively, and gross margin grew to 30 percent both for the quarter and the year. Our strategic focus on meeting the increasing demand for higher margin crumb rubber products contributed to a 40 percent and 27 percent increase in overall end product revenue for the quarter and fiscal quarter ended September 30, 2007."
Mr. Jensen added, "This has been a year of many milestones for GreenMan, including, subsequent to the close of our fiscal year, the acquisition of Welch Products, which we expect to give us the opportunity to leverage our existing operations in the crumb rubber business while establishing a vertically integrated playground safety division within the Company. We look forward to continuing this positive momentum as we enter fiscal 2008."
SOFTNET TECHNOLOGY CORPORATION (OTCBB: STTC)
"Up 26.76% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/STTC.php
SoftNet Technology Corporation, through its subsidiaries, offers information technology (IT) consulting services and solutions to enterprises and service providers in the United States. It provides technology infrastructure services primarily in information security, network economics, internetworking, network management, IP telephony, storage, application performance, and data center migration/consolidation. The company also offers a range of consulting services, software solutions, and recruiting services to plan, deploy, and manage IT services and infrastructures. SoftNet Technology is based in Iselin, New Jersey.
STTC News:
December 14 - SoftNet Technology Secures Engagements With Prestigious Financial Institutions
SoftNet Technology Corp. (OTCBB: STTC) (German WKN: TG6) announced that it had secured two engagements with global financial institutions headquartered in NYC.
The new engagements represent a major breakthrough in the Company's new Application Delivery Practice. It is estimated that the two new engagements will result in nearly $500,000 of incremental revenue in 2008. One engagement started in December with the second being launched in January.
“These two new engagements now bring the total of secured projects in the new Application Delivery practice to three in the last few months. The first was with a major media company, also based in New York. Given the lead time required to secure engagements in this practice we are very pleased to have achieved the level of business secured to date. We also anticipate that the initial engagements will eventually lead to additional work as the projects progress,” said Kevin Remley, VP of National Application Delivery Practice.
“The Company is excited about the new business the Practice has generated. The revenue we expect will help to offset the loss related to the divestiture of accounts associated with the former Atlanta based small business unit. Additionally, the margins on these new projects is considerably higher than those recorded in the former small business unit,” said Jim Booth, CEO.
TRANSAX INTERNATIONAL (OTCBB: TNSX)
"Up 37.25% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TNSX.php
Transax International Limited, together with its subsidiary, Medlink Connectividade em Saude Ltda, provides health information management products and solutions to manage coding, compliance, reimbursement, abstracting, and record management's processes for healthcare providers and health insurance companies. Its compliance management, and coding and reimbursement management solutions help to conduct automated prospective and retrospective reviews of in-patient and out-patient claims data. The company's abstracting solutions enable healthcare facilities to collect and report patient demographic and clinical information. Its record management solutions automate the record tracking and location functions, monitor record completeness, and facilitate the release of information process within health information management departments. Transax International offers MedLink Solution, a software that enables the real time automation of routine patient eligibility, verification, authorizations, claims processing, and payment functions. It serves healthcare providers, such as physicians, clinics, hospitals, laboratories, diagnosis centers, and emergency centers; and health insurance and group medicine companies with operations in the United States, Brazil, Australia, and Mauritius. The company has strategic alliances with Centro Brasilerio De Informatica Medica S/A; Mosaic Software, Inc.; and Hypercom Corporation to support its MedLink Solution's system architecture and design. Transax International is based in Miami, Florida.
TNSX News:
December 17 - Transax International Signs Binding Letter of Intent to Sell Brazil Operations
Company Maintains Exclusive Licensing Rights Outside Latin America, Including U.S. Market
Transax International Limited (OTCBB: TNSX) (Transax), a network solutions company for healthcare providers and health insurance companies, announced that it has signed a binding Letter of Intent to sell its Brazil operations ("Medlink") to a private group of technology investors in Brazil for U.S. $5.6 million cash and assumption of $2.65 million in debt. An additional payment of up to U.S. $1.25 million is possible subject to the company reaching certain performance levels during 2008, bringing the total potential value of the transaction to U.S. $9.5 million.
Under terms of the agreement, the acquiring investors will pay cash and retain operating control of Medlink's assets and intellectual property. The investors will pay Transax U.S. $200,000 upon signing of the binding Letter of Intent, U.S. $600,000 on closing of the transaction and U.S. $4,800,000 by 24 equal monthly payments of U.S. $200,000. The investors will also assume $2.65 million in debt. The transaction is expected to close within 30 days and is subject to approval of Transax shareholders.
Stephen Walters, President & CEO of Transax, commented, "We are very pleased to have been able to reach an agreement to monetize our Brazilian operations. Transax will continue to retain exclusive licensing rights outside of Latin America including the USA market at no cost. This transaction will also significantly strengthen our Balance Sheet with the elimination of U.S. $2.65 million of debt related to the Brazil operations. We are working closely with our USA consultant and holding discussions with potential financial partners in anticipation of developing a market for our solution in the U.S. and will update investors after the transaction closes. The company also intends to seek additional business opportunities in order to maximize shareholder value."
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