Dallas, TX 8/11/2008 11:33:40 PM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Monday, August 11th MGRN, CHIP, TOFS, CLRO

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 Monogram Energy Inc. (OTC: MGRN), VeriChip Corp. (Nasdaq: CHIP), 247MGI Inc. (OTC: TOFS), ClearOne Communications Inc. (Nasdaq: CLRO)

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

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)

Company Profile: www.otcpicks.com/monogram-energy/monogram-energy.htm

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.

VERICHIP CORPORATION (NASDAQ: CHIP)

"Up 34.58% in morning trading"

VeriChip Corporation develops, markets, and sells radio frequency identification systems (RFID) to identify, locate, and protect people and assets in the healthcare market in the United States and internationally. It offers VeriMed system, a human-implantable RFID microchip, which can be used in various patient identification and security applications. The company markets its products through direct sales force and distributors. Its customers include hospitals and long-term care facilities; healthcare professionals, such as physicians and individual patients. The company was founded in 2001 and is headquartered in Delray Beach, Florida.

247MGI INCORPORATED (OTC: TOFS)

"Up 8.33% in morning trading"

247MGI, Inc. does not have significant operations. It intends to acquire assets or shares of an entity actively engaged in business. Previously, the company, through its subsidiary, Yard Sale Drop Off, Inc., operated as a trading assistant and power seller that assisted others to list and sell items through on-line auctions on the eBay Web site. The company was founded in 1991 and is based in Fort Lauderdale, Florida.

CLEARONE COMMUNICATIONS INCORPORATED (NASDAQ: CLRO)

"Up 27.54% in morning trading"

ClearOne Communications, Inc. develops, manufactures, and markets audio conferencing products in the United States and internationally. Its product line includes audio conferencing systems that are used in executive boardrooms, courtrooms, hospitals, classrooms, and auditoriums; premium conferencing systems that integrate with video and Web conferencing systems; tabletop conference phones used in conference rooms and offices; and personal conferencing devices that are used with laptops and other portable devices. The company also manufactures audio conferencing products with microphones and conferencing-specific furniture. ClearOne primarily markets its products to companies and institutions to small and medium-sized businesses, educational institutions, and government organizations, as well as individual consumers through a distribution network of independent distributors, who then sell those to dealers, systems integrators, and resellers. The company was founded in 1983 and is headquartered in Salt Lake City, Utah.

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 received fifty thousand free trading shares from a non-controlling third party (Microcap Management) for MGRN 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.