Our Stocks to Watch today include MSE Enviro-Tech Corporation (MEVT), Royal Acquisitions and Development, Inc. (OTC: RQST), InFocus® Corporation (NASD: INFS), Finisar Corporation (NASD: FNSR), Red Branch Technologies, Inc. (OTC: RBTI)
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MSE ENVIRO-TECH CORPORATION (OTC: MEVT)
Detailed Quote: http://www.otcpicks.com/quotes/MEVT.php
Company Profile: http://www.otcpicks.com/mse-enviro/mse-enviro.htm
MSE Enviro-Tech Corporation (MEVT), a company incorporated under the laws of the State of Delaware, is an agent in technology transfer, dedicated to providing access to world class technologies available today.
Many innovative technologies never gain significant market adoption in the marketplace. This occurs even when there is a major investment in the technology. The common reason for the slow market adoption of innovative technology centers on the challenges of field execution in gaining commitment from high adopting, decision making, prospects. Slow adoption also occurs because of the great expense and long time frames needed to build highly effective sales channels, sales teams and a market presence.
MEVT strives to seek out technologies that meet some or all of the following criteria: a significant technological advancement, have a global market and are socially and environmentally responsible. Our focus is to partner with innovative technology companies and facilitate the adoption of their technologies with our established prospect organizations.
Using a market driven approach to facilitate the identification and acquisition of external technologies, MEVT transfers proprietary technologies to beneficial companies to help develop superior products resulting in a strategic marketplace advantage.
MEVT provides comprehensive solutions for transferring new technologies, managing intellectual property and providing intellectual property consultation. In exchange for facilitating the integration of these technologies into a company’s portfolio MEVT is compensated in the form of cash payment, percentage of gross revenues, equity securities or a combination thereof.
MEVT News:
February 5 - Geneva Bancorp Inc. Expresses Rising Optimism Following Initial Sales of The Hartindo Titan 21 Fire Blanket by MSE Enviro-Tech Inc.
Geneva Bancorp is pleased to note the rapid progress by MSE Enviro-Tech Inc. and Megola Inc. in bringing the promising Hartindo Anti-Fire products to coast-to-coast North American markets.
The achievements in successful product testing, and in focused marketing efforts throughout 2007 culminated in the signing, in November 2007, of a definitive marketing and distribution agreement with Janus Products Corp. covering the Titan 21 Fire Blanket. This Agreement has resulted in the commencement of sales that Geneva Bancorp anticipates expanding rapidly in year ahead.
Initial Sales:
Following close on the heels of its Agreement with Janus, MSE Enviro-Tech announced On December 19, 2007, that distributor Janus Products Corp. had placed its first Purchase Order for the Titan 21 Fire Blanket. The purchase order is comprised of the three models of the Titan 21 anti-fire blanket, (Adult, Infant and Kitchen) and totals 50,000 Titan 21 Fire Blankets to be delivered over the next three months. Janus Products Corp. intends to market the Titan 21 through various agents and retail chains as well as through its own Web site.
Varying in retail price from $19.95 to $79.95 (depending on the model), the ultimate total retail sales represented by this order — if 50,000 Titan 21 Fire Blankets are sold by Janus — is expected to fall somewhere in the middle of a range of $0.9 million to $3.9 million.
MSE Enviro-Tech Inc. and Megola Inc.'s sales revenue from this initial order will naturally vary, as determined by the quantities of each model ultimately purchased by Janus Products Corp., but is tentatively estimated at approximately $1.1 million.
Visit www.janusproductscorp.com/fire_safety for further information on the Titan 21.
Working closely together on pre-launch testing and certification of other promising Hartindo anti-fire products, as well as carrying out advanced negotiations with a view to signing additional definitive distribution agreements with other parties, MSE Enviro-Tech Inc. and Megola Inc. have achieved rapid progress in advancing the following Hartindo anti-fire products to market threshold in North America:
1) Hartindo AF31 Fire Extinguishing Formula.
2) Hartindo AF31 is an effective water-based, environmentally-friendly, multi-purpose, non-toxic and non-corrosive fire extinguisher and inhibitor. AF31 received a Class "A" rating in multiple independent tests carried out in 2007. It is intended to extinguish all types of fire (A, B, C, D and F/K.) Ongoing discussions regarding marketing and distribution arrangements across North America have been encouraging thus far. AF31 has wide ranging applications, from home and business fire extinguishers to fighting forest fires, transport vehicle and petrochemical fires, etc.
3) Hartindo AF21 Fire Inhibitor Formula AF21 is a water-based, environmentally-friendly, multi-purpose, non-toxic and non-corrosive fire inhibitor that independent testing has shown to be a top rated, Class "A" fire inhibitor that can be applied to building materials, furniture, carpeting, clothing, mattresses and many other materials.
4) In August, 2007, MSE Enviro-Tech Corp., WoodSmart Solutions, Inc. and Megola Inc. signed a Letter of Intent ("LOI") to test the feasibility of incorporating the Hartindo AF21 Fire Inhibitor product into WoodSmart's BluWood(R) lumber and other wood-base building products. BluWood(R) is WoodSmart's trademarked name of a family of products coated with a proprietary two-part Infusion Film and DOT Wood Preservative technology, and which provides protection against the costly, damaging effects of mold fungus growth, rot fungi and wood ingesting insects. The objective of the three-company LOI is to hopefully incorporate Hartindo AF21 into the BluWood(R) product line to also provide protection against fire, an obviously valuable addition to the properties of WoodSmart's successful BluWood(R) product line. In subsequent independent tests conducted under the auspices of WoodSmart Solutions Inc. at the Forest Products Development Center at Louisiana State University on the hygroscopic properties of lumber and plywood treated with a mixed solution of BluWood(R) and Hartindo AF21, results showed that materials treated with a combination of BluWood(R) and Hartindo AF21 showed significantly better results than those treated with another widely used fire retardant treatment (FRT), when compared to untreated lumber.
MSE Enviro-Tech Corp. and Megola Inc. are working in concert to aggressively advance the entire Hartindo product line to commercial fruition in the foreseeable future, thus spawning corporate growth and increasing shareholder value for both MSE Enviro-Tech Inc. and Megola Inc., to the benefit of all concerned.
"We look forward with enthusiasm to receiving progress reports from MSE Enviro-Tech Corp. and Megola Inc. regarding sales of the Titan 21 Fire Blanket, as well as developments concerning the commercial launches of these additional promising anti-fire products as they unfold in 2008,” said G. Andre. Trahan of Geneva Bancorp.
ROYAL ACQUISITIONS (OTC: RQST)
"Up 29.41% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/RQST.php
Royal Acquisitions and Development, Inc. specializes in the development of mining, real estate and other equitable acquisitions.
RQST News:
February 7 - Royal Acquisitions and Development, Inc. to Contract Top Senior Geologist
Royal Acquisitions and Development, Inc. (OTC: RQST) has consulted numerous top senior geologists in an effort to better evaluate their concession. The search has been exhausting, and has been narrowed down to three leading firms. As per company policy, Royal Acquisitions and Development, Inc. will commence the final tendering process for said contract.
The sampling methods, sample shipment, preparation, and data entry will follow the established, stringent guidelines of international exploration under the supervision of a Qualified Person / Senior Geologist, and meet the guidelines for 43-101 Standards of Disclosure for Mineral Projects report requirements
RQST C.E.O., Richard Cartagena stated the following, ”We are aggressively moving forward on our business plan, and the hiring of a top senior geologist lends further credibility to our concession plus allows us to proceed on the development of our concession. We feel 2008 has been a good year to start but there is tireless work ahead, our team is committed.”
Our Concession
The RQST land claim lies wholly in Sahuaripa County, Sonora, Mexico. According to el Imparcial (the predominate regional newspaper of Sonora), the gold production in Sahuaripa County alone will be roughly 4.65 tons of gold this year. As an example, the Mulatos mine provided in the first quarter of 2006 22,680 ounces of gold, the Dolores mine reported in the first quarter of 2006 3,000,000 ounces of gold and 149,000,000 ounces of silver, and the El Sauzal mine has recorded gold reserves of nearly 2,000,000 ounces.
Further, the upward trend in neighboring mining reporting data, lends sufficiency to the preliminary RQST assays. The RQST property neighbors such rich mining sites as Mulatos of Alamos Gold (TSX.AGI) to the North, Dolores of Minefinders (TSX.MFL) to the East, and El Sauzal of Glamis Gold/Goldcorp (TSX.G) to the South and lends credence and raises expectations that the RQST property has enormous potential that at least meets the proven reserves of these well documented neighboring gold mines.
INFOCUS CORPORATION (NASD: INFS)
"Up 14.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/INFS.php
InFocus Corporation provides digital projection technology and services worldwide. It offers mobile projectors, meeting room projectors, and installation and integration projectors for use in the conference room, board room, auditorium, classroom, and living room. The company's products provide users various home cinema, home theater, gaming, and other home entertainment experiences. Its products are used in business, education, government, and home theater and gaming markets for training sessions, meetings, sales presentations, technical seminars, group collaboration, entertainment, and other applications involving sharing of computer generated and/or video information with an audience. It also provides call center and Internet customer support, factory repair, authorized service center repair, accessories, service parts, remanufactured projectors, warranty extension contracts, service contracts, service-related training, service engineering, and technical publications. The company sells its products worldwide through multiple distribution channels, including direct resellers and indirect resellers. InFocus was founded in 1986 and is headquartered in Wilsonville, Oregon.
INFS News:
February 7 - InFocus Announces Fourth Quarter and Full Year 2007 Financial Results
Reports Operating Income of $1.1 Million, Excluding Charges
InFocus® Corporation (NASD: INFS) announced its fourth quarter and full year 2007 financial results. The company reported fourth quarter revenue of $81.1 million and a net loss of $1.9 million, or $0.05 per share, compared to a net loss of $2.8 million, or $0.07 per share in the third quarter of 2007 and a net loss of $13.3 million, or $0.34 per share in the fourth quarter of 2006. For the year, the Company reported revenues of $308.2 million and a net loss of $25.6 million, or $0.64 per share compared to revenues of $374.8 million and a net loss of $61.9 million, or $1.56 per share for calendar year 2006.
Included in the Fourth Quarter results are restructuring charges of $3.7 million, which accounted for $0.09 of the net loss per share. The restructuring charge consisted primarily of estimated lease losses of vacated and unutilized facilities. Excluding these charges, proforma Operating Income for the fourth quarter was $1.1 million.
The Company reported total cash, restricted cash, and marketable securities as of December 31, 2007 of $84.1 million with no outstanding borrowings, an increase of $11.4 million from the third quarter of 2007 and an increase of $7.9 million from the end of 2006.
Commenting on the fourth quarter results, Bob O’Malley, President and CEO stated, “I am pleased with the continued improvements in our performance in the fourth quarter. Revenue increased from $75.8 million to $81.1 million, gross margin improved from 18.2 percent to 20.4 percent and, excluding restructuring charges, Operating Expenses reduced from $17.1 million to $15.4 million. I am proud of the effort put forth by the management team and our employees and for the accomplishments made throughout 2007 to position InFocus to return to profitability in the future.”
Continuing, O’Malley noted, “Q4 marked significant progress in a number of key areas. We launched six new product platforms targeted at the key segments of our commercial markets. With these introductions, 80% of our product portfolio has been refreshed over the past two quarters, providing our customers with the most robust product offering in our recent history. Additionally, the investments made in our international sales and marketing activities resulted in increased revenues and the continued improvements in our supply chain management yielded improved margins.”
Quarterly Revenue, Unit, ASP and Gross Margin Comparisons
Fourth quarter revenues of $81.1 million were up 7.0 percent compared to third quarter revenues, and down 3.3 percent from revenues in the fourth quarter of 2006. Projector unit shipments totaled approximately 94,000 units in the fourth quarter, an increase of approximately 10 percent from the prior quarter and approximately 18 percent compared to the fourth quarter of 2006. Average Selling Prices decreased by approximately 3 percent from the third quarter. Gross margin increased by 2.2 percentage points from the third quarter to 20.4%. Revenue in the Americas decreased by 15 percent while units shipped decreased by 14 percent compared to the third quarter. Revenue and unit shipments in Europe, in comparison to the prior quarter, increased by 78 percent and 90 percent, respectively, reflecting a seasonally strong European fourth quarter. Asian revenues increased 5 percent and units increased by 2 percent compared to the third quarter of 2007. The change in the geographical composition of revenue is similar to prior year’s activity.
Operating Expenses Comparison Excluding Charges
Operating expenses, exclusive of charges, were $15.4 million in the fourth quarter, a reduction of $1.7 million from the third quarter and down $3.8 million from fourth quarter of 2006. The reductions were experienced across all functional areas and are the result of the Company’s continued efforts to align its cost structure in order to return to profitability.
Other income for the fourth quarter was $0.4 million compared to other income of $0.8 million in the third quarter and other income of $0.8 million in the fourth quarter of 2006.
Balance Sheet
Total cash, restricted cash, and marketable securities as of December 31, 2007 were $84.1 million, with an increase of $11.4 million from September 30, 2007 and an increase of $7.9 million from the end of 2006. Day’s sales outstanding for the fourth quarter were 51 days, a decrease of 8 days from the prior quarter. Inventory levels increased $2.5 million during the quarter to $31 million, due in large part to the timing of inventory receipts for future period sales.
Mr. O’Malley concluded, “InFocus created the digital projection category over 20 years ago and led the industry with our innovation, projector application expertise and understanding the needs of our customers. The accomplishments made in the fourth quarter represent another important milestone for InFocus, and one that we will build upon. We will continue to refresh our product lineup to meet our customers needs, while simultaneously focusing on improving our overall operating performance.”
Reconciliation of GAAP and Pro Forma Information
The Company has recorded charges that are excluded from operating expenses and earnings for comparative purposes. In accordance with SEC FR-59, attached is a Statement of Reconciliation of GAAP Earnings.
FINISAR CORPORATION (NASD: FNSR)
"Up 4.24% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/FNSR.php
Finisar Corporation designs, develops, manufactures, and markets optical subsystems, components, and test and monitoring systems for high-speed data communications in the United States and internationally. It provides optical subsystems and components that connect local area networks (LANs), storage area networks (SANs), and metropolitan area networks (MANs). The company's optical subsystems primarily include transceivers, which provide the fundamental optical-electrical interface for connecting the equipment used in building these networks. Its optical subsystems also include multiplexers, de-multiplexers, and optical add/drop modules for use in MAN applications. These products rely on the use of semiconductor lasers in conjunction with integrated circuit design and novel packaging technology to provide a means for transmitting and receiving digital signals over fiber optic cable using a range of network protocols, transmission speeds, and physical configurations. Finisar's optical components consist primarily of packaged lasers and photo-detectors, which are incorporated in transceivers, primarily for LAN and SAN applications. The company provides network performance test and monitoring systems primarily to storage equipment manufacturers for testing and validating equipment designs, and to operators of networking and storage data centers for testing, monitoring, and troubleshooting the performance of their installed systems. Finisar sells its optical subsystem and component products to the manufacturers of storage and networking equipment. The company was founded in 1987 and is headquartered in Sunnyvale, California.
FNSR News:
February 6 - Finisar Pre-Announces Higher Third Quarter Revenues
Finisar Corporation (NASD: FNSR), a technology leader in gigabit fiber optic solutions for high-speed data networks, indicated that, on the basis of preliminary financial results, it expects to report record revenues of approximately $112 million for its third fiscal quarter ended January 27, 2008, compared to $100.7 million in revenues for the prior quarter and $107.5 million for the third quarter of fiscal 2007. Third quarter revenues are also expected to exceed guidance of $104 to $108 million provided by the Company early in the quarter. The increase in revenues over the prior quarter was due to several factors including:
1) Revenues from 10/40 Gbps products increased to approximately $29 million in the quarter, up $11 million from $18 million in the prior quarter. Of this increase:
a) Approximately $8 million was from increased shipments of the Company's SFP+, XFP and X2 transceivers for 10 Gbps Ethernet and Sonet applications.
b) Approximately $2 million was from the sale of 40 Gbps 300 pin transponders that we were unable to ship in the second quarter due to firmware problems. Those problems were corrected and the products were shipped in the third quarter.
2) Revenues from the sale of 8Gbps Fibre Channel SAN transceivers exceeded $2 million in the quarter.
The Company currently expects fourth quarter revenues will be in the range of $110-$115 million. The Company also reported that its balance of cash and investments that could be readily converted into cash rose to approximately $122 million, up from $115 million in the prior quarter.
Finisar plans to review its third quarter results and discuss its business outlook during a conference call for investors at 5:00 p.m. EST (2:00 p.m. PST) on March 3, 2008. The call will be broadcast live over the Internet on the Investor Relations section of Finisar's web site, located at www.Finisar.com. To listen to the Webcast, interested investors are encouraged to log onto the broadcast at least 15 minutes prior to the call. Participating in the call will be Jerry Rawls, Finisar's President and CEO, and Steve Workman, Finisar's CFO.
RED BRANCH TECHNOLOGIES (OTC: RBTI)
"Up 10.53% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/RBTI.php
Red Branch Technologies, Inc. makes business travel easier, more secure and more responsive for both the hard-charging business traveler and the corporation by meeting travel needs at each point in the travel cycle. The company's innovative my/mTravel(r) and mTravel(r) products automate the business travel process from planning and booking to en route services and support, through post travel reporting and unused ticket redemption. Red Branch's Magellan360, provides agency and net-delivered back office services to independent professional travel marketers. For more information, visit http://www.redbranchtechnologies.com/.
RBTI News:
February 7 - Red Branch Technologies Debuts First 'Personal Agent Technology' for Business Travelers
Red Branch Technologies, Inc. (OTC: RBTI) announced the launch of its new mTravel Assistant(r) 'personal agent technology' for business travelers, a first in the business travel industry. Designed specifically to provide business travelers with round-the-clock access to all the services and insights of a personal travel assistant, the mTravel Assistant(r) will be fully integrated into the Company's online my/mTravel(r) service for the independent business travelers in addition to its mTravel(r) product for deployment in large and medium-sized corporate environments.
Phil Wherry, RBTI CTO, commented, “Now, the same system that we designed from the ground-up to maximize utility and minimize waste associated with individual and corporate business travel can actually make the comparison, booking and ongoing notification and update process virtually effortless.” He continued, “The mTravel Assistant(r) knows your “likes” and “dislikes”, such as preferred hours of travel, and how to optimize your travel arrangements for such things as flight duration versus preferred airline or ticket price versus airport convenience. The mTravel Assistant(r) even watches how the travel selections you make change over time and adjusts the scoring of your travel arrangements accordingly, just as a personal assistant would.”
Using proprietary adaptive algorithms developed by the Red Branch technology team, mTravel Assistant(r) scores, or “ranks” all travel options presented to the traveler, the highest scoring arrangements appearing first based on a rich set of initial preferences and ongoing “learned preferences” observed over time. The system even features a “single click” search and booking option that presents the optimum itinerary Air, Car and Hotel, in a travel universe of seemingly limitless options, all in less than 35 seconds.
“Red Branch Technologies takes the business traveler's perspective into account for every product or feature we build,” says Doug Foran, President/CEO. “The mTravel Assistant(r) embodies that commitment and uses a new technology to make business travel easier. Optimizing an itinerary requires the consideration of countless variables. Most travel tools, online or off, have built-in “biases” that favor particular vendors and/or factors. The mTravel Assistant(r) is truly adaptive, works exclusively for the travelers' best interests and gets the arrangements they want at the prices they need.” He continued, “We are excited at the finalization and implementation of the baseline mTravel Assistant(r) functionality and expect to introduce new capabilities on an ongoing basis as part of our commitment to be “With You All the Way.”
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