OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, February 14th MVIV, SPNG, GRIN, AWYI

MVIVE INCORPORATED (OTC: MVIV)

"Up 50.00% in morning trading on huge volume"

Toronto-based Mvive Inc., through its wholly owned subsidiary Mvive Media Group Inc., has become a founding member in the new mobile messaging revolution. As the need for information on the go increases exponentially, Mvive provides unique solutions to deliver rich content and multimedia services through the Internet and mobile devices. For more information, visit the company's Web site at www.mvive.com.

MVIV News:

February 13 - Mvive Achieves Largest Delivery of Mobile Coupons in North America

Mvive, Inc. (OTC: MVIV)(Frankfurt: 4M1)(WKN: A0M5WL) announced that it has successfully delivered thousands of mobile coupons (Moupons™) for over 800 retailers with in excess of 1,000 locations during their beta test phase of implementation. Thousands of Moupons™ were downloaded onto cell phones for presentation to retailers with a 100% efficiency and success rate making this the largest successful delivery of mobile coupons by a single company, in North America.

A Moupons™ is a retail discount mobile coupon that can be downloaded from the internet onto a cell phone, Blackberry, etc. which can then be presented to the retailer on the customer's cell phone to obtain the advertised discount and completely eliminating the traditional paper flow and distribution of regular coupons. To achieve a broad base test and market exposure, the retailer group included everything from restaurants, clothing outlets and jewelry stores to book stores and fitness clubs.

"We were delighted with the resounding operational success of this live, real world technology test phase and even more ecstatic about the response we received from many of the retailers who could not say enough about the ease and efficiency with which the service worked," stated Mr. Roy Choi, President of Mvive. "As more and more content and content delivery is being sought out by companies such as Google and Research in Motion, etc., we at Mvive feel that our Moupons™ and the Moupon™ delivery system as well as future Mvive products and services, will be in great demand. We anticipate the Mvive registration process to commence in March, 2008."

SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)

SpongeTech Delivery Systems is a production stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.

SPNG News:

February 13 - SpongeTech Delivery System to Donate a Percentage of Puddle Pals Revenues to Help Autistic Children

SpongeTech Donating 3% of all SpongeTech Puddle Pals Revenues to Various Autism Groups and Foundations to Help Autistic Children

SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that it will be donating 3% of all SpongeTech Puddle Pals product revenues to various autism groups and foundations which benefit autistic children. One of the biggest challenges that autistic kids face is to be able to become self-sufficient and grow into happy and productive individuals as adults. The Puddle Pals product is fun and easy to use for kids, and SpongeTech has been told that Puddle Pals product can be a great tool to help enable some autistic children to be able to become more self sufficient in their cleaning habits and personal hygiene.

SpongeTech COO Steven Moskowitz commented, "We are really happy to be able to donate a percentage of our Puddle Pals product revenues to various autism foundations to help autistic children live better and more self sufficient lives. It is great to be able to be in a position to give back a little of our success to a very worthwhile cause and we look forward to this opportunity to work with the autism community. We fully expect the Puddle Pals product to be a very popular and successful product in the children's bath product market, and we hope to ultimately be able to contribute a lot more."

GRAND TOYS INTERNATIONAL (NASD: GRIN)

"Up 173.94% in morning trading"

GRIN News:

February 14 - Grand Toys Announces Intention to Acquire Wham-O Inc.

Grand Toys International Limited (NASD: GRIN) announced the signing of a term sheet to acquire 100% of Wham-O, Inc. ("Wham-O") from Cornerstone Strategic Management Limited, a company owned and controlled by Raylin Hsieh, the wife of Grand Toys major shareholder, Jeff Hsieh. As consideration for the proposed transaction, Grand Toys will pay to Cornerstone Strategic Management Limited cash consideration of US$35 million adjusted for liabilities of Wham-O and 100% of the shares of its wholly-owned subsidiaries Hua Yang Holdings Co., Ltd. ("Hua Yang") and Kord Holdings Inc. ("Kord"). The inter-company liabilities between (i) Grand Toys, and (ii) Hua Yang and Kord, will be written off at closing of the transaction. The transaction will be subject to due diligence, Board and shareholder approval, the successful completion of a convertible bond financing to fund the purchase price, the absence of any material adverse changes in Wham-O, the negotiation of satisfactory definitive documentation for the transaction, and the fulfillment of all conditions precedent to the transaction.

Based in the US, Wham-O is a leading manufacturer of branded outdoor and leisure products with annual turnover of approximately US$50 million in fiscal 2007 (unaudited). Wham-O designs, manufactures and markets some of the most recognizable brands in the world today, such as Frisbee®, Slip 'N Slide®, Hula Hoop®, Morey® Boogie® boards, Snow Boogie® and BZ® Pro Boards(TM). The proposed acquisition of Wham-O will give Grand Toys a platform on which to build a world-class branded outdoor products, leisure products and specialty toy company with a suite of recognized brands that have significant potential for growth in international markets. Wham-O will give Grand Toys a core business to build around and allow it to drive synergies with International Playthings, Inc. ("IPI"), its wholly-owned sales and distribution business in the US. As a part of this proposed transaction, Grand Toys will divest its low margin, non-core Hua Yang and Kord manufacturing businesses. Grand Toys' strategy is to become a focused branded consumer outdoor products, leisure products and specialty toy company with a significant suite of recognized brands and proprietary nationwide US sales and distribution capabilities.

"The new Board of Directors of Grand Toys, which was assembled in mid-2007, has been focusing on developing a new direction and strategy for Grand Toys to give the company a platform for growth" comments David Howell, CFO of Grand Toys. "We believe the acquisition of Wham-O represents a transformational opportunity for Grand Toys and it will become the key asset around which we will build our business. In addition, the divestiture of the low margin, non- core Hua Yang and Kord manufacturing businesses frees up significant working capital for the company and allows us to reduce substantially our bank debt, creating a much healthier balance sheet."

A Special Committee of the Board has been formed to oversee the transaction and the Special Committee will be delivering a recommendation to the shareholders. Latitude Capital Group, an Asian investment banking firm, has been appointed to arrange the acquisition financing for the company. Jones Day, an international law firm, has been appointed to represent the company on the transaction.

ABOUT WHAM-O INC.

ARIEL WAY INCORPORATED (OTCBB: AWYI)

"Up 60.00% in morning trading"

Ariel Way, Inc. operates as a technology and services company for global communications, multimedia, and digital signage solutions and technologies. It develops and deploys solutions for business television, digital signage, and interactive media delivered over a combination of satellite, terrestrial, and wireless local networks. The company's digital signage service includes technologies using LCD television and plasma screens to deliver video based messaging directly to consumer audiences. Its integrated multimedia services include music radio, video, and Internet protocol based file transfer for training/catalogs/point of sale integrated with other information to the clients. Ariel Way serves finance-oriented services companies primarily in United Kingdom. The company is headquartered in Vienna, Virginia.

AWYI News:

February 14 - Ariel Way, Inc. Completes Agreement to Acquire Syrei Holding UK, Ltd

Ariel Way, Inc. (OTCBB: AWYI) announced that, on February 13, 2008, the Company completed and signed the definitive Agreement and Plan of Merger to acquire Syrei Holding UK, Ltd, a UK and Sweden based telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The transaction has a two-step closing process with a first expected closing within a few days, on or around February 19, 2008.

Arne Dunhem, Ariel Way president and CEO, said, "Many have been awaiting the news on the Syrei transaction. For various reasons, our signing of the agreement got delayed. We are truly excited with Syrei becoming part of Ariel Way. Syrei president Thomas Strangert's team of technical experts have over ten years successfully been providing and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia. We expect this acquisition to be immediately accretive to Ariel Way's earnings."

Thomas Strangert, CEO of Syrei, said, "This transaction is a fascinating step for Syrei and we believe we can add a new strategic dimension to Ariel Way. We are excited about actively supporting the Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."

Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.

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