Dallas, TX 3/19/2008 11:29:06 PM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, March 19th IDGI, BMGP, UITK, BDNW, DCFF, ZANE

OTCPicks.com’s Daily Small Cap and Microcap Newsletter presents a range of the hottest small cap stocks on trading on the OTC and OTCBB markets.  In addition to our Newsletters, OTCPicks.com is quickly becoming the premier community destination for small cap and microcap traders to meet up and discuss their top stock picks. Visit http://www.otcpicks.com/ today to join this growing community.

 

Our Stocks to Watch today include INCA Designs, Inc. (OTC: IDGI), Biomagnetics Diagnostics Corporation (OTC: BMGP), Ultitek Ltd. (OTCBB: UITK), Bidnow.com, Inc. (OTC: BDNW), Diet Coffee, Inc. (OTCBB: DCFF), Zanett, Inc. (NASDAQ: ZANE)

 

For the complete newsletter please visit: http://www.otcpicks.com/daily-market-movers/index.php

 

For more in-depth coverage of small cap stocks visit http://www.otcpicks.com/

 

INCA DESIGNS INCORPORATED (OTC: IDGI)

"Up 13.79% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/IDGI.php 

 

Company Profile: http://www.otcpicks.com/inca-designs/inca-designs.htm

 

Inca Designs Inc. designs, sources and sells high fashion designer swimwear, resort wear and accessories for the wholesale and retail markets under the brand names Inca, Incagirl, Incabag and Inca Junior. This New York-based swimwear and resort wear designer markets its apparel through nearly 100 upscale department and specialty stores, including Barneys New York, Bergdorf Goodman, Saks Fifth Avenue and Neiman Marcus. Inca branded apparel is sold in South America, Europe, Asia, the Middle East and the Caribbean.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

"Up 25.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php 

 

Company Profile: http://www.otcpicks.com/biomagnetics/biomagnetics.htm

 

Biomagnetics Diagnostics Corporation, through its wholly owned subsidiary Biospectrum Technologies, Inc., a company that has designed and patented revolutionary diagnostic equipment and immunoassays, will identify market inadequacies and fill those needs with new technologies and highly specific and sensitive assays that are qualitative (yes/no) and quantitative (viral load/degree of infection), easily performed and cost effective. For more information, visit http://www.biomagneticsbmgp.com/.

 

ULTITEK LIMITED (OTCBB: UITK)

 

Detailed Quote: http://www.otcpicks.com/quotes/UITK.php 

 

Company Profile: http://www.otcpicks.com/ultitek/ultitek.htm

 

Ultitek, Ltd., through its wholly owned subsidiary TAIS, has been a provider of Computerized Airline Reservations Systems software (CRS) since 1989. Today Ultitek Ltd. is the leader among reservations systems in the Russian Aviation market. In 2003, nine million passengers of 60 airlines were serviced by it, which consisted of more than 50% of the transport of passengers performed on domestic scheduled flights of carriers in Russia and the countries of the C.I.S.

 

BIDNOW.COM INCORPORATED NEW (OTC: BDNW)

"Up 25.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/BDNW.php

 

Bidnow.com, Inc. develops Internet-based auction software for the television industry. It is based in Philadelphia, Pennsylvania.

 

BDNW News:

 

March 19 - Frontera Investment Announces Reverse Merger Into Bidnow.com

 

Frontera Investment, Inc. announced today that Frontera and Bidnow.com, Inc. (OTC: BDNW) have completed a reverse merger transaction whereby Frontera's business assets and operations were merged into Bidnow.com, Inc., whose common stock trades on the "Pink Sheets" under the symbol BDNW. Frontera shareholders now own approximately 85% of all common stock outstanding of Bidnow as a result of the previously announced 15 to 1 reverse stock split, the conversion of all preferred shares to common stock and newly issued shares to Frontera shareholders.

 

Frontera is the first company that has developed a "one stop shop" approach to delivering a full menu of financial services to the unbanked Hispanic consumer and is headquartered in San Diego, California.

 

Due to the reverse merger announcement, the Company has applied for a new CUSIP number, notified the transfer agent of all necessary instructions to complete the issuance of share certificates and will notify all regulatory agencies in the near future.

 

DIET COFFEE INCORPORATED (OTCBB: DCFF)

"Up 20.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/DCFF.php

 

Diet Coffee, Inc., through its subsidiary, Zevotek, Inc, focuses on selling an energy saving compact fluorescent light bulb named the "Ionic Bulb." It intends to market the ionic bulb through TV infomercials, catalogs, magazines, and various U.S. retail and specialty stores, as well as through its Web site ionicbulb.com. The company was founded in 2005. It was formerly known as The Diet Coffee Company, Inc. and changed its name to Diet Coffee, Inc. in 2006. The company is based in New York, New York.

 

ZANETT INCORPORATED (NASD: ZANE)

"Up 10.87% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/ZANE.php

 

Zanett, Inc., an information technology company (IT), provides customized, IT solutions to Fortune 500 corporations, mid-market companies, and classified government agencies involved in homeland defense and homeland security in the United States. It operates in two segments, Commercial Solutions, and Government Solutions. The Commercial Solutions segment provides lifecycle, end-to-end business solutions, including services to initiate, develop, and implement e-business systems; application development; project management; business analysis; architecture design; package customization; testing and quality assurance, and implementation management; and implementation of enterprise resource planning, supply chain management, and customer relationship management systems. The Government Solutions segment provides software and satellite engineering services on government and aerospace satellite, and IT infrastructure contracts. The company was founded in 1992 and is based in New York, New York.

 

About OTCPicks.com

 

OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. OTCPicks.com presents the latest information for the discerning small cap and microcap investor.  The site features informative articles on microcap investing, the top penny stock picks, and a wealth of small cap research on vertical markets. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

 

Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

 

Disclosure: OTCPicks.com has been compensated seven five hundred dollars by a third party for IDGI advertising and promotional services. OTCPicks.com has been compensated seven thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated seven thousand five hundred dollars by a non-controlling third party for UITK advertising and promotional services.

 

OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.