OTCPicks.com Daily Market Movers Digest Midday Report for Monday, March 31st UITK, NVLT, NHRX, VRCC, TIII

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Our Stocks to Watch today include Ultitek Ltd. (OTCBB: UITK), Novelos Therapeutics Inc. (OTCBB: NVLT), NationsHealth Inc. (NASDAQ: NHRX), Vertical Communications Incorporated (OTCBB: VRCC), TII Network Technologies Inc. (NASDAQ: TIII)

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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.

NOVELOS THERAPEUTICS (OTCBB: NVLT)

"Up 36.36% 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.

NATIONSHEALTH INCORPORATED (NASD: NHRX)

"Up 34.48% in morning trading"

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

NationsHealth, Inc. provides medical products and prescription related services to Medicare and managed care beneficiaries in the United States. Its proprietary and scalable information technology platform and patient service organization support the enrollment and servicing of individuals, program administration, and patient management. It operates in two segments, Medical Products and Insurance Services. The Medical Products segment distributes medical equipment and supplies, and dispenses physician-prescribed medications through its pharmacy. This segment also provides home delivery of diabetes; ostomy; and other medical products, including impotency devices and heating pads, as well as insulin and syringes, and oral medications. The Insurance Services segment provides marketing, insurance agent training and licensing, member enrollment and service, distribution, billing, and collection services to Connecticut General Life Insurance Company in offering its CIGNATURE Rx Medicare Part D prescription drug plans to Medicare beneficiaries. The company was founded in 2003 and is based in Sunrise, Florida.

VERTICAL COMMUNICATIONS INCORPORATED (OTCBB: VRCC)

"Up 16.47% in morning trading"

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

Vertical Communications, Inc. engages in the development, marketing, and sale of business phone systems, communications application software, hardware, and associated services. The company's products include Xcelerator IP, which offers an integrated data and voice communications solution; TeleVantage, a software-based IP-PBX and contact center solution for small to medium businesses and call centers; and InstantOffice, which consolidates voice, data, networking, and voice applications into integrated communications solution. It also offers FX II, which targets single-site and multi-site enterprises that depend on both voice and data communications; MP5000 systems, a platform that adds SIP connectivity, peer-to-peer video calling, and other features to meet the requirements of multi-site businesses with remote offices and teleworkers; DX-120 digital system, which provides digital telecommunications features for smaller organizations; XTS-IP that enables organizations to migrate to VoIP applications; Telenium IP, which is designed for medium to large organizations needing to network multiple offices; and StarPlus STS, which offers digital telephony solutions for small businesses. The company markets its products through a network of distributors, systems integrators, and independent telephony and data resellers in the United States, Europe, and Latin America. Vertical Communications' customers include small and medium-sized businesses operating in retail, restaurant, financial services, healthcare, legal, real estate, and professional services segments. The company was founded in 1982 as Artisoft, Inc. and changed its name to Vertical Communications, Inc. in 2006. Vertical Communications is headquartered in Cambridge, Massachusetts.

TII NETWORK TECHNOLOGIES INCORPORATED (NASD: TIII)

"Up 13.73% in morning trading"

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

TII Network Technologies, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of network interface devices (NIDs), gateways, and home networking products, as well as over-voltage surge protection and connectivity solutions for the communications industry primarily in the United States. It offers NIDs, which house the FCC mandated demarcation point between Telco-owned and subscriber-owned property; and station electronic products that are installed within a NID and allows a telephone operating company to remotely test the integrity of its lines. The company provides residential gateways, which include Outrigger, an outdoor intelligent residential gateway that allows telephone or cable operators to deliver Triple-Play bundled services, such as digital telephone, television, and Internet data. Its over-voltage surge protection products comprise gas tubes, modular station protectors, broadband coaxial protectors, and AC powerline/dataline protectors. These products are used by telecommunications providers at subscriber locations. The company also designs, produces, and markets various Voice over Internet Protocol (VoIP) products, such as a range of passive products, which allow multi-system operators (MSOs) to consolidate multiple phone lines in one location in order to provide VoIP telephony to their cable subscribers. It markets and sells its products to telephone operating companies, original equipment manufacturers, and MSOs through direct sales personnel, as well as manufacturer's representatives, and national and regional distributors. The company was founded in 1964 and is based in Copiague, New York.

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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 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.