Our Stocks to Watch today include VirtualScopics, Inc. (NASD: VSCP), Money Centers of America (OTCBB: MCAM), SkyTerra Communications, Inc. (OTCBB: SKYT), uVuMobile, Inc. (OTCBB: UVUM)
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VIRTUALSCOPICS INCORPORATED (NASD: VSCP)
"Up 36.14% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/VSCP.php
VirtualScopics, Inc. provides image-based biomarker solutions to the pharmaceutical, biotechnology, and medical device industries. Its image-based biomarker measurement and visualization software tools enable the measurement of minute changes that occur in anatomic structures in musculoskeletal, oncological, cardiological, and neurological diseases. The company's solutions include automated segmentation, a series of algorithms that automatically segment magnetic resonance imaging and computed tomography image files into the components seen on the original set of images; automated feature extraction, an algorithm that combines statistical tissue identification with a 3D geometric model; automated co-registration, a patent-pending co-registration/disease tracking algorithm that is applied to track the changes in a specific patient anatomy/pathology over time; orthogonal and multi-sequence fusion, which are data acquisition techniques to enhance autosegmentation efforts; and measurement of blood flow and metabolic activity, a technology used to measure blood flow and vascular permeability. It serves pharmaceutical companies, biotechnology companies, principal investigators, and clinical research organizations. VirtualScopics has strategic alliance with Pfizer, Inc. The company was founded in 1988 and is headquartered in Rochester, New York.
VSCP News:
December 20 - Pivotal Patent Issued to VirtualScopics
Patent Allows for a 95 Percent Reduction in Analysis Time With Improved Precision and Accuracy
VirtualScopics, Inc. (NASD: VSCP), a leading developer of image-based biomarker solutions for the pharmaceutical, biotechnology and medical device industries, announced it has received an important patent titled “Semi-Automated Measurement of Anatomical Structures Using Statistical and Morphological Priors,” with Dr. Edward Ashton, Chief Scientific Officer at VirtualScopics, as the inventor.
Dr. Ashton stated, “The applications of the technology underlying this patent are extremely useful to our customers because they allow for more accurate and precise measurement of anatomical structures when compared to manual methods. This, coupled with a much quicker turnaround time due to a high degree of automation, provides our clients with a very cost effective and rapid turnaround of the critical information related to their drug development, which ultimately enables better decision making.” He continued, “This approach has been tested and found to be effective for evaluation of muscle wasting, cardiovascular disease, and central nervous system diseases. It allows rapid and accurate measurement of a number of parameters, including muscle volume and cross-sectional area, arterial plaque volume and lumen diameter, and the volume of sub-structures of the brain such as the hippocampus.”
The company is currently using the technology underlying this significant patent in many active clinical trials for its customers in the pharmaceutical, biotech, and medical device industries. This patent award is the seventh received by VirtualScopics for its proprietary image-based analytical tools.
MONEY CENTERS OF AMERICA (OTCBB: MCAM)
"Up 21.74% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MCAM.php
Money Centers of America, Inc. offers cash access services, transaction management systems, and financial networks to the gaming industry. It provides facilitation, processing, and execution of automatic teller machine, check cashing, credit/debit card cash advance, point of sale debit, stored value, marker, and merchant card services directly to casino patrons on an outsourced services contract. As of December 31, 2006, the company had contracts to provide cash access services in 24 locations in California, Florida, Nevada, New York, New Mexico, Wisconsin, and Washington in the United States; and Antigua in the Caribbean. It offers OnSwitch, an enterprise payment processing solution that facilitates casinos and other gaming facilities to internalize the processing of transactions, such as private label credit/debit cards, merchant card processing, stored value for players' club and payroll requirements, and ticket redemption; and Omni Network, a shared credit data and gaming network. The company's outsourced services include credit/debit card cash advance products that allow casino patrons to obtain cash from credit card, or checking account in the case of debit transactions through the use of company's software and equipment; gateway services to national, regional, and international debit, credit, and EBT networks; and creditplus credit services that consist elements, such as credit reporting, credit management, and credit guarantee. Money Centers of America was founded in 1997 and is headquartered in King of Prussia, Pennsylvania.
MCAM News:
December 20 - Money Centers of America Completes Its ATM Network Migration to Triple Data Encryption Standard (TDES) Ahead of Schedule and Ahead of VISA Mandates
TDES Compliance ensures that Money Centers of America's PIN-based ATM transactions are protected end-to-end (from the point of entry to the issuer) using TDES encryption at every point in the transaction process.
All TDES keys are managed in compliance with the Payment Card Industry (PCI) PIN Security Requirements.
Money Centers of America (OTCBB: MCAM), a provider of cash access, transaction management systems and financial networks for the gaming industry announced it has completed the conversion of its ATM terminal network to the Triple Data Encryption Standard. Compliance with Visa's PIN Security Program minimizes the risk of PIN compromise and reflects Money Centers of America's commitment to security, network integrity, and consumer protection.
"Completing our TDES migration is just another step in our ongoing commitment to giving our customers the piece of mind they have come to expect. Considering the unprecedented change and uncertainties within the casino cash access industry lately, we take pride in setting the standard for delivering measurable results. Meeting the VISA mandates ahead of schedule is just another example of our commitment to break through the status quo," said Robert Sharp, Vice President of Operations for Money Centers of America, Inc.
SKYTERRA COMMUNICATION (OTCBB: SKYT)
"Up 17.61% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SKYT.php
SkyTerra Communications, Inc. provides mobile digital voice and data communications services via satellite in the United States and Canada. The company offers mobile satellite services using two geostationary satellites that support the delivery of data, voice, fax, and dispatch radio services. It engages in the wholesale of satellite capacity and provision of managed services, which include retail voice, circuit switched, dispatch, and packet data. The company serves federal, state, and local government agencies; fleet management providers; maritime; and bulk capacity customers through direct and indirect sales channels. SkyTerra Communications, formerly known as International Cogeneration Corporation, was founded in 1984. The company is headquartered in Reston, Virginia.
SKYT News:
December 21 - SkyTerra, Mobile Satellite Ventures and Inmarsat Sign Spectrum Coordination and Cooperation Agreement
Pact Provides for L-Band Contiguity for Improved Efficiency and MSS/ATC Operational Parameters
SkyTerra Communications, Inc. (OTCBB: SKYT), Inmarsat plc (LES: ISAT), Mobile Satellite Ventures (MSV) and Mobile Satellite Ventures (Canada) Inc. (MSV Canada) announced today that the companies have reached a comprehensive cooperative agreement for L-Band operations in North America. The agreement is intended to enable the re-banding and efficient reuse of a substantial segment of North American L-Band radio spectrum for the benefit of the companies and their current and future customers and partners.
The agreement encompasses a wide scope of activities including business, technology, regulatory and spectrum coordination issues.
Highlights of the agreement include:
Provisions for the re-banding of the parties’ spectrum over North America to afford contiguous spectrum for operations. This is intended to address growing broadband requirements for enabling future hybrid mobile satellite services (MSS) and ancillary terrestrial component (ATC) services.
Coordination parameters for the parties’ next generation satellites covering North America, both the new Inmarsat-4s and the new MSV1 and MSV2 satellites, in a manner designed to increase spectrum efficiency and protect both MSS and ATC operations from harmful interference.
Resolution between the parties of outstanding regulatory issues in the United States and Canada, concerning each other’s operations.
Accommodating increased technical flexibility and system enhancements that result in greater ATC usage and operations while protecting MSS.
Flexibility to market and operate devices which address growing wireless broadband demands while providing a next-generation satellite capability.
In addition, the agreement also establishes a structure by which Inmarsat will modify its North American operations in a manner that will enable MSV to make more extensive use of L-Band spectrum available for MSS/ATC than is possible today.
“This agreement introduces a new era of cooperation among L-Band operators and, we believe, will help unlock the growing value of ATC technology on our now enhanced spectrum, enabling customers throughout North America to reap the benefits from greater flexibility and choices in air interface technology, coverage and equipment options,” said Alexander Good, CEO and President of SkyTerra and Vice Chairman and CEO of Mobile Satellite Ventures LP. “We have worked long and hard with Inmarsat to develop this agreement, which sets operational parameters in the L-band for existing satellite operations and lays the groundwork for future cooperation to address consumers’ demand for next generation technology and services.”
“Inmarsat’s agreement with MSV, MSV Canada and SkyTerra lays the groundwork for increased operational and technical cooperation while ensuring that Inmarsat can continue to grow and deploy mobile satellite services in North America, including BGAN services and our portfolio of existing and evolved offerings,” said Andrew Sukawaty, Chairman and CEO of Inmarsat.
ABOUT INMARSAT PLC
Inmarsat plc (LSE: ISAT) is the leading provider of global mobile satellite communications. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. The company’s services are delivered through a global network of more than 500 distribution partners and service providers operating in 180 countries. For the year ended 31 December 2006, Inmarsat plc had total revenue of US$500.1 million. More information can be found at www.inmarsat.com.
UVUMOBILE INCORPORATED (OTCBB: UVUM)
"Up 15.22% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UVUM.php
uVuMobile, Inc., through its subsidiaries, provides interactive media solutions for consumers in the United States. It specializes in video content distribution services and technology. The company offers advertising-based solutions across various new media platforms, including mobile and the Internet, which enable broadcasters and media companies to connect to consumers. uVuMobile provides mobile hosting and streaming solutions that enable the distribution of content to mobile users and various compatible devices; and content management, encoding, hosting, streaming, and reporting services for live, simulated live, or video on demand. It also provides value-added services, including multiple billing services, advertising support, client application development, and content services. In addition, it offers a suite of mobile marketing services, which includes a short message services platform; mobilecasting; mobile media solutions for various mobile applications; and smarTVideo Mobile TV, which provides its customers with access to streaming video programming. uVuMobile distributes video and television programming to consumers with mobile display devices, cell phones, and PDAs connected to the public Internet through wireless data networks and Wi-Fi. It also offers managed services for Internet network carriers; and producers, owners, and distributors of content. The company was incorporated in 2000. It was formerly known as SmartVideo Technologies, Inc. and changed its name to uVuMobile, Inc. in June 2007. uVuMobile is headquartered in Duluth, Georgia.
UVUM News:
December 19 - uVuMobile Appoints Two New Independent Directors To The Board, Daniel McKelvey & William Scigliano
uVuMobile™, Inc. (OTCBB: UVUM), announced the appointment of two highly respected business leaders, Daniel McKelvey and William Scigliano, to its Board of Directors. Messrs. McKelvey and Scigliano have a well-established business track record which will play a key role as uVuMobile continues to expand their brand and presence in the mobile marketplace.
Commenting on the Appointments, William Loughman, President and CEO said, “We are pleased that Daniel and Bill have agreed to join the Board and are confident that their knowledge of the mobile industry and financial markets will play an integral part in uVuMobile’s success. Having focused our efforts on and building a solid business foundation and developing superior technology, today’s announcement underscores our commitment to offering the very best technology platform for mobilizing content.”
Daniel McKelvey is a co-founder and Managing Partner of Forté Partners, LLC. Mr. McKelvey is also a member of the Board of Directors of Wherify Wireless and several private companies. Mr. McKelvey is an active entrepreneur, co-founding Forté Capital LLC, a New York based public money management firm with over $550 million in assets under management.
William (Bill) Scigliano has many years of experience as a C-level executive and technology innovator. Prior to joining Forté Partners, Mr. Scigliano was the Chairman of Wherify Wireless, Inc. a developer of assisted GPS location products and services embedded in cell phones. Mr. Scigliano was formerly the CEO and Chairman of IQ Biometrix, Inc., a leading provider of facial identification technology and security. In addition, Mr. Scigliano serves as a Director on the Boards of Acies, Inc. and Critical Reach.
“Bill and I look forward to working with the management team at uVuMobile to help accelerate the Company’s growth to become a global leader in mobile technology and content. The market is exploding and we’re very excited to be working with a company like uVuMobile,” stated Daniel McKelvey.
Separately, upon the appointment of Messrs. McKelvey and Scigliano, Glenn Singer and Michael Criden will step down from the Board. “We appreciate Michael and Glenn’s efforts on behalf of the Company over the past two years. They have played an integral role in our development and continue to remain committed to uVuMobile as the Company moves forward in their next phase of growth,” said Loughman.
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