OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, March 27th BMGP, IDGI, STHG, NVLT, TLVA, JADE

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Our Stocks to Watch today include Biomagnetics Diagnostics Corporation (OTC: BMGP), INCA Designs, Inc. (OTC: IDGI), Steadfast Holdings Group, Inc. (OTC: STHG), Novelos Therapeutics, Inc. (OTCBB: NVLT), Telava (OTCBB: TLVA), LJ International Inc. (NASDAQ: JADE)

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BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

"Up 12.50% 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 www.biomagneticsbmgp.com.

INCA DESIGNS INCORPORATED (OTC: IDGI)

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.

STEADFAST HOLDINGS GROUP (OTC: STHG)

"Up 23.68% in morning trading"

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

Steadfast Holdings Group, Inc., through its subsidiary, Stead-fast Custom Linings, LLC, provides aftermarket products and services used specifically in the light truck market. Its products include Masterack and Crown North America lines that customize light duty vans and trucks for commercial applications for plumbers, electricians, HVAC, telecom, and other light duty applications. The company also has license to sell other products, which include tool boxes, nerf bars, tube steps, running boards, rack systems, rail caps, Tonno covers, fender flares, grilles, visors, bug shields, roll-up covers, side rails, mud guards, floor mats, lights, hitches, stainless steel accessories, and lift kits. The company's products and services are directly marketed to individuals and truck dealerships. Steadfast Holdings Group was founded in 1999. It was formerly known as Beere Financial Group, Inc. and changed its name to Steadfast Holdings Group, Inc. in October 2007. The company is based in West Palm Beach, Florida.

NOVELOS THERAPEUTICS (OTCBB: NVLT)

"Up 15.09% in morning trading"

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

Novelos Therapeutics, Inc., a biopharmaceutical company, commercializes oxidized glutathione-based compounds for the treatment of cancer and hepatitis in the United States. Its products in development include NOV-002, which acts as a chemoprotectant and an immunomodulator; and NOV-205, which acts as a hepatoprotective agent with immunomodulating and anti-inflammatory properties. NOV-002, a small-molecule formulation of a natural metabolite, is in Phase III development for lung cancer, as well as in Phase II development for chemotherapy-resistant ovarian cancer and early-stage breast cancer. NOV-002 is also being developed for acute radiation injury. NOV-205, a small-molecule formulation of oxidized glutathione and inosine, is in Phase Ib development for the treatment of chronic hepatitis C. Novelos Therapeutics is based in Newton, Massachusetts.

TELAVA NETWORKS INCORPORATED (OTCBB: TLVA)

"Up 16.67% in morning trading"

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

Telava Networks, Inc. provides fixed and mobile WiMAX broadband solutions to residence customers, small and medium businesses, public safety organizations, schools, and local and state governments in the United States. It operates in four divisions: Telava Wireless, Telava Towers, Telava Marketing, and Telava Spectrum. Telava Wireless division owns 40 carrier-grade micro-wave tower assets in 18 states; and operates a 24/7 network operating center located in San Francisco, California. Telava Towers division has 86 carrier-grade micro-wave tower assets in 22 states, as well as holds strategic alliance partnerships to access approximately 1,000 microwave towers. Telava Marketing division provides online business directory services and has strategic partnerships with Verizon, AT&T, and Ameritech. Telava Spectrum division leaseholds 2.3 GHz spectrum with a nationwide portfolio of approximately 92 mm population in 23 additional markets; and holds strategic partnerships with AT&T, Korea Telecom, PosData, InfoMark, and the Korea Ministry of Information and Communications. In addition, the company offers advertising and directory listings to small and medium sized businesses on its Web site in a ?Yellow Pages' format. As of December 17, 2007, it owned a wireless broadband network covering approximately 45 cities and towns in 22 states. Telava Networks, Inc. was founded in 2003 and is headquartered in San Francisco, California.

LJ INTERNATIONAL INCORPORATED (NASD: JADE)

"Up 19.67% in morning trading"

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

LJ International, Inc. and its subsidiaries engage in the design, manufacture, marketing, distribution, and retail of precious and color gemstones, as well as diamond jewelry. It specializes in offering colored jewelry, which includes pieces set in yellow gold, white gold, platinum, or sterling silver; and adorned with colored stones, diamonds, pearls, and precious stones. The company's product line includes earrings, necklaces, pendants, rings, and bracelets. It distributes its products to fine jewelers, department stores, national jewelry chains, and electronic and specialty retailers in North America and western Europe. The company also involves in the retail of jewelry through the ENZO brand in the Asia Pacific region. In addition, it owns commercial and residential properties in Hong Kong, which are held primarily for lease. LJ International was founded in 1987 and is based in Hung Hom, Hong Kong.

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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 thousand 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 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.