Our Stocks to Watch today include Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP), Healthaxis Inc. (NASD: HAXS), visionGATEWAY Inc. (OTC: VGWA), APAC Customer Services, Inc. (NASD: APAC), DynTek, Inc. (OTCBB: DYNK), Deep Down, Inc. (OTCBB: DPDW)
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RENHUANG PHARMACEUTICALS (OTCBB: RHGP)
Detailed Quote: http://www.otcpicks.com/quotes/RHGP.php
Company Profile: http://www.otcpicks.com/renhuang-pharma/renhuang-pharma.htm
Renhuang Pharmaceuticals, located in Harbin of Heilongjiang Province in Northeast China, is a leading integrated developer, manufacturer and distributor of a broad line of high-quality nutraceutical, natural medicinal and bio-pharmaceutical products. The Company provides three major product lines including the Acanthopanax-based natural medicinal products, Shark Power Health Care series and Traditional Chinese Medicines. Renhuang's key product line is Acanthopanax-based products, an effective natural medicine in treating depression and melancholy and offering various other health benefits. By controlling an estimated 70% of China's natural resource of Acanthopanax (also known as Siberian Ginseng), the Company has a dominant market position in Acanthopanax-based natural medicines. The Company distributes its products through a multi-layer sales network of over 2000 sales agents. Its products are not only sold nationwide but also exported to Russia and Southeast Asia. Renhuang has established a multi-channel research and development infrastructure composed of in-house researchers, a post-doctoral working center, and collaboration with well known institutions and scientists. In manufacturing, the Company strictly follows the international GMP certified quality standards and system by utilizing cutting-edge technologies, the state of the art equipment, and the proprietary innovative and award winning processes. For more information about Renhuang Pharmaceuticals, visit www.renhuang.com
RHGP News:
December 17 - StockGuru Announces a New Executive Interview With Mr. Li Shaoming of Renhuang Pharmaceuticals
John Pentony, Publisher of Stockguru.com announced that the company has posted a new podcast interview featuring Renhuang Pharmaceuticals, Inc. (OTCBB: RHGP). Pentony interviews Mr. Li Shaoming, CEO and Chairman of the Board, for Renhuang Pharmaceuticals. In the interview Mr. Li discusses the company and its recent news from the company including its recently announced Olympic year prime time television ad space on China Central Television (also known as "CCTV").
To listen to the interview, visit www.stockguru.com/podcasts/?p=21.
HEALTHAXIS INCORPORATED (NASD: HAXS)
"Up 28.30% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/HAXS.php
Healthaxis, Inc. provides integrated solutions and services for health benefit administrators and health insurance claim processors in the United States. It offers Web-enabled systems for the administration and processing of health insurance claims, such as medical, dental, defined contribution, vision, disability, health reimbursement accounts, health spending accounts, and flexible spending accounts on an application service provider basis. The company also provides Web-enabled platforms and solutions for the enrollment, sale, distribution, and post-sale administration of insurance policies, including health, vision, and dental insurance. In addition, Healthaxis offers business process outsourcing services that include the automated capture, imaging, storage and retrieval of electronic claims, attachments, and related correspondence, as well as rules-based claims pre-adjudication and editing, and automated preferred provider organizations (PPO) routing via electronic data interchange, and repricing. Its products are designed to assist health insurance payers, third party administrators, PPOs, and self-administered employer groups to provide claims related services to members, employees, employers, and providers. The company was founded in 1982 and is headquartered in Irving, Texas.
HAXS News:
December 19 - Healthaxis Launches Process to Explore Strategic Options
Healthaxis Inc. (NASD: HAXS), an innovative provider of technology-enhanced, integrated business process solutions and benefit administration services for the healthcare payer community, announced that it is in the process of exploring various strategic options designed to best enhance value for its customers, employees and shareholders.
The Company said that its Board of Directors has developed a formal process for evaluating various strategic options, which could include a sale or merger of the Company with a larger organization that would enable the Company to augment its own business operations or service and solution offerings. As part of the process, the Board has retained Ansley Capital Group, a Chicago based financial advisory and management consulting firm. Ansley specializes in the healthcare industry with a focus on helping emerging and growth-stage healthcare information technology and service organizations develop strategic options for their business.
Healthaxis CEO, John M. Carradine, said, “The decision to evaluate Healthaxis’ strategic options resulted from interest being expressed by several companies who believe that Healthaxis may fit their long-term business strategies because of the Company’s broad information technology and service capabilities.” Carradine continued, “Our core claims and administrative technologies, combined with our overall administrative services capabilities, are compelling for some industry participants who see either the need to own these assets to support their business strategies, or want to use them to grow emerging managed services operations. The interest has ranged from multi-national IT services companies with an interest in growing their healthcare footprint, to administrative services organizations who want to solidify their operating technologies on common platforms for better control and scalability, to financial parties looking to expand the capabilities of their portfolio companies.”
“We see this as a good opportunity to explore how changing our ownership structure could benefit our customers, employees, and shareholders,” said Carradine. “We have always believed that Healthaxis, with its extensive industry expertise and strong systems capability, offers a strong value proposition to the healthcare payer market. However, our size and limited capital resources have kept us from achieving the growth of which we believe we are capable. In addition, the Company expects to spend approximately $1 million in 2008 for costs directly attributable to being a stand-alone public company. This amounts to a tax of approximately six percent of revenue. Without these public company costs, the Company would be generating an operating profit instead of a loss.”
In making the foregoing announcement, the Company said that there can be no assurance that any particular strategic option will be pursued or that any transaction will occur, or on what terms. The Company does not plan to release additional information about the status of its review of options until a definitive agreement is entered into or the process is otherwise completed.
VISIONGATEWAY INCORPORATED (OTC: VGWA)
"Up 10.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/VGWA.php
VisionGateway, Inc., through its subsidiaries, engages in the development, distribution, and marketing of software products and solutions in Australia, the United States, Europe, and New Zealand. It offers visionGATEWAY NGN platform that includes various software components, such as Internet resource management and control, secure mail and secure data sharing, voice over Internet protocol, and Internet protocol-based e-Business, m-Commerce, and smart card solutions. The company's core software product INTERScepter is an enterprise business solution that enables organizations in understanding, managing, and exploiting Internet usage and valuable resources, including bandwidth, systems, and employee productivity. The INTERScepter solution also enables managers to control, schedule, and utilize Internet resources, while placing responsibility on users to self manage and modify their Internet usage behavior. VisionGateway offers its products primarily to customers in the telcos/ISP's, technology, higher education, financial services, SMB, home/SOHO, and professional services. The company is based in San Diego, California.
VGWA News:
December 19 - CounterTrade Launches Major US INTERScepter(TM) Sales Campaign
visionGATEWAY Inc. (OTC: VGWA) announced that CounterTrade Products, Inc., a key visionGATEWAY Channel Partner in the USA, will commence a major sales campaign from early January 2008 to market the breakthrough INTERScepter(TM) solution into its US client base that covers millions of users.
CounterTrade's highly effective sales team will market the appliance version of INTERScepter(TM) into the 5.6 million SMB's (Small to Medium Businesses) in the USA as well as into the government and education sectors of its existing client base. The appliance version is a plug and play option that is easily installed in an office network without disrupting the information flow. CounterTrade's existing USA wide network and consultative technical expertise will enable the company to fully support the INTERScepter(TM) solution.
The demand established in global regions shows that these US sales programs will generate a conservative $30 million in revenues in calendar year 2008. This is based on an initial target of just 6,000 SMB sites installed. "In recent discussions with many clients," outlined Joe Boglino, Vice President of Sales at CounterTrade. "I have been advised of the concerns that clients have with staff productivity, bandwidth abuse and security concerns. In all cases we recommend INTERScepter(TM) as the total employee productivity solution that brings real business benefits to organizational productivity."
CounterTrade Products is a value-added supplier of technology solutions and services to an extensive range of government and commercial clients with millions of users and work stations supported. INTERScepter(TM) is a key complementary product that provides complete control over all use of the internet for a business — managing all users and how they access web sites and applications (such as Facebook, YouTube, MySpace, Instant Messaging, Email and Chat Rooms). It also features minute by minute reporting and control over all of the 65,000 ports that access the Internet.
APAC CUSTOMER SERVICES (NASD: APAC)
"Up 19.61% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/APAC.php
APAC Customer Services, Inc. provides customer care services and solutions to healthcare, communications, business services, financial services, publishing, and travel and entertainment industries. It offers its services and solutions through multiple communication channels, including land-based and cellular phone, Internet, email, fax, mail correspondence, and automated response generated through technology. The company offers customer service support for various medical plans, including pharmacy, medical, dental, vision, and Medicare Part D, to plan members and healthcare plan providers alike; targeted inbound customer acquisition, product sales, ongoing account maintenance, billing issue resolution, troubleshooting product issues, product set-up services, and customer retention activities for communications industry; and delivery issue resolution, business contact management and sales, member acquisition, research and trend analysis, and claims processing for business services industry. It also assists customers with card activation, credit inquiries, balance increases and transfers, and balance inquiries in the financial services industry; responds to customer inquiries regarding delivery, scheduling and billing, as well as assists in classified advertising sales, readership data collection, and subscription collections in publishing industry; and reserves booking for general and corporate travel, as well as provides information on client resort properties, locations and amenities, cancellations, billing and account management, loyalty club management, and complaint resolution for travel and entertainment industry. As of December 31, 2006, the company operated 11 customer care centers in the United States and the Philippines. APAC Customer Services was founded in 1973 and is headquartered in Deerfield, Illinois.
APAC News:
December 17 - APAC Customer Services, Inc. Appoints Lynn E. Refer to Board of Directors
APAC Customer Services, Inc. (NASD: APAC), a leading provider of customer care services and solutions, announced that Lynn E. Refer has been appointed to its Board of Directors effective December 13, 2007.
“I am delighted to have Lynn join our Board,” said Bob Keller, APAC’s Chief Executive Officer. “In his 20 plus year career he has amassed a wealth of operating experience which will further broaden the expertise our Board of Directors brings to our management team.”
“I join the entire Board in welcoming Lynn to our company,” said Theodore G. Schwartz, Chairman of the Board. “Both the Board and the management team look forward to his involvement and contribution to our success.”
Mr. Refer is the President of Metropolitan Network Services for Level 3 Communications, Inc., an international communications company, where he oversees all aspects of the network services organization including operations, service delivery, engineering, planning, network development and infrastructure support services. Prior to that, Mr. Refer founded Looking Glass Networks, Inc., a provider of metropolitan optical networking services, and served as its Chief Executive Officer from April 2000 to August 2006.
Mr. Refer has a Masters of Management from Northwestern University and a Bachelor of Science from Iowa State University.
DYNTEK INCORPORATED (OTCBB: DYNK)
"Up 20.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DYNK.php
Dyntek, Inc., together with its subsidiaries, engages in the provision of professional information technology (IT) services and sale of related products to mid-market commercial businesses, state and local government agencies, and educational institutions in the United States. It offers IT security solutions, including vulnerability assessments, risk assessments, and enterprise security assessments; converged networking solutions, such as design through implementation; application infrastructure solutions, including active directory design and Microsoft exchange migrations; access infrastructure solutions, including server-based computing, remote access, and other services; and general infrastructure support. The company also sells hardware and software to its clients. In addition, Dyntek provides child support enforcement services under contracts with state and county agencies through in-house customer service representatives and attorneys, and third-party attorneys. The company offers its services through in-house engineers and consultants, and subcontracted third-party suppliers. The company was founded in 1989 under the name Universal Self Care, Inc. and changed its name to Tadeo Holdings, Inc. in 1998. Further, it changed its name to TekInsight, Inc. in 1999 and to DynTek, Inc. in 2001. DynTek, Inc. is headquartered in Irvine, California.
DYNK News:
December 17 - DynTek, Inc. Announces Intention to Deregister its Common Stock With the Securities and Exchange Commission
DynTek, Inc. (OTCBB: DYNK), a leading provider of professional technology services, announced that it intends to file a Form 15 on December 18, 2007 to deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934. DynTek is eligible to deregister because it has fewer than 300 holders of record of its common stock. Upon the filing of the Form 15, DynTek's obligation to file certain reports with the Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K, will immediately be suspended. However, DynTek presently intends to continue to make available, through its website or otherwise, its periodic financial information beginning with the fiscal quarter ended December 31, 2007.
As a result of the deregistration, it is expected that DynTek's common stock will no longer be eligible for trading on the Over-the-Counter Bulletin Board. DynTek expects, but cannot guarantee, that its common stock will be quoted on the Pink Sheets after it is delisted from the OTCBB. The Pink Sheets is a provider of pricing and financial information for the over-the-counter securities markets. It is a centralized quotation service that collects and publishes market maker quotes in real time primarily through its website, http://www.pinksheets.com.
The decision by the DynTek Board of Directors to deregister and delist the common stock was based on the consideration of numerous factors, including:
1) The reduction of disproportionately large costs associated with the preparation and filing of DynTek's periodic reports and other filings with the SEC.
2) The elimination of substantial increases in accounting, audit, legal and other costs associated with being a public company in light of the Sarbanes Oxley Act of 2002 and new SEC disclosure rules.
3) The substantial demands placed on management in order to comply with SEC reporting obligations which prevent management from dedicating valuable time to the day-to-day operation and growth of DynTek.
4) The nature and extent of current trading in DynTek's common stock on the OTCBB, which is historically limited.
5) The lack of analysts' coverage and minimal liquidity for DynTek's common stock.
In response to the Board's decision, Casper Zublin, Jr., DynTek's Chief Executive Officer, indicated that "the deregistration and delisting of DynTek's common stock was approved by the Board only after extensive consultation with our management team and careful deliberation regarding the advantages and disadvantages of continuing registration with the SEC and listing on the OTCBB. However, in the Board's estimation, the costs and administrative burdens associated with being a public company have simply become too massive for a company of our size and stage of growth. The rising costs of compliance, as well as the substantial demands on management time compelled by current disclosure requirements, simply outweigh the benefits DynTek receives from maintaining its registration with the SEC and trading on the Bulletin Board. I believe that deregistering will result in significant reductions in our cost structure and will enable our management team to focus significantly more time and resources on operating the Company and enhancing shareholder value."
DEEP DOWN INCORPORATED (OTCBB: DPDW)
"Up 19.74% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DPDW.php
Deep Down, Inc., an installation engineering and management company, operates in the offshore segment of the energy industry. It engages in the design, manufacture, fabricate, sale, and service of subsea equipments, surface equipments, and offshore rig equipments for use in deepwater, harsh environment, and severe service applications. The company's products include flying lead installation, maintenance and termination systems; buoyancy and rigging systems; high and low pressure testing and monitoring systems; latch systems; lay chutes; rollers; tensioners; and offshore storage and space management systems. It also provides installation management, retrieval, engineering services, support services, and storage management services for the subsea controls, umbilicals, and pipeline industries offshore. In addition, the company fabricates component parts, such as umbilicals, flowlines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems for subsea distribution systems; and assemblies that specialize in the development of offshore subsea fields and tie backs. It offers its services from the initial field conception phase, thru manufacturing, site integration testing, installation, topsides connections, and the final commissioning of a project. The company was founded in 1997 and is based in Channelview, Texas.
DPDW News:
December 18 - Deep Down Announces Acquisition of Mako Technologies
Deep Down, Inc. (OTCBB: DPDW) announced that it has signed a definitive purchase agreement to purchase Mako Technologies, Inc. ("Mako"). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
"The total cost of acquiring Mako is a maximum of $5.0 million in cash and 11,269,841 shares of common stock of Deep Down based on Mako management's expectation of $2,400,000 in earnings before depreciation, interest, amortization, taxes and other non-cash charges ("EBITDA"), after also adjusting for certain non-recurring expenses, for the fiscal year ending December 31, 2007. As part of this acquisition, Deep Down will also pay off approximately $800,000 in Mako bank debt. The first installment of $2,916,667 in cash and 6,574,074 shares of common stock of Deep Down is expected to be paid at closing within the next few days, and the balance of up to $2,083,333 in cash and 4,695,767 shares of common stock of Deep Down will be paid upon completion of an audit to verify adjusted EBITDA expectations for the fiscal year ending December 31, 2007," commented Robert E. Chamberlain, Jr., Deep Down's Chairman.
"We are very pleased to have signed the acquisition agreement with Mako, and believe this non-dilutive transaction is extremely beneficial for Deep Down and our shareholders as we continue to add products and services to our portfolio of capabilities," commented Ron E. Smith, Deep Down's President and CEO. "We believe we can significantly enhance Mako's current annual revenue base of approximately $6.8 million by expanding the equipment rental pool and ROV fleet."
"An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ("LARS"). Prospect Capital Corporation is providing $6,000,000 in debt to fund the cash requirements and expenses associated with this transaction. Terms are substantially the same as those in the initial borrowing that was concluded in August 2007," said Eugene L. Butler, Deep Down's CFO.
"With Deep Down's relationships and access to capital, we foresee the ability to expand our ROV fleet and take advantage of our customers' growing need for both planned and "emergency" offshore rental equipment in support of their growing level of oil and gas exploration occurring in the Gulf of Mexico. We also plan to expand our operations internationally," commented Jacob Marcell, Mako Technologies' chief executive officer.
ABOUT PROSPECT CAPITAL CORPORATION
Prospect Capital Corporation (http://www.prospectstreet.com/) is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments.
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