OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, August 14th QMCI, CVDT, GFRE, BSIC, CGCP

Our Stocks to Watch today include QuoteMedia Inc. (OTCBB: QMCI), China VoIP & Digital Telecom Inc. (OTCBB: CVDT), Gulf Resources Inc. (OTCBB: GFRE), Basic Earth Science Systems Inc. (OTCBB: BSIC) and Cardiogenesis Corp. (OTC: CGCP).

QUOTEMEDIA INCORPORATED (OTCBB: QMCI)

"Up 8.18% in morning trading"

QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, visit www.quotemedia.com.

CHINA VOIP & DIGITAL TELECOM INCORPORATED (OTCBB: CVDT)

"Up 38.89% in morning trading"

China VoIP & Digital Telecom Inc. offers Voice over the Internet Protocol telecommunications service in People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd. Through Jinan Yinquan, China VoIP is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its NP Soft Switch system in China and is currently in the testing stage of other Information Technology products. Visit www.chinavoip-telecom.com for more information.

GULF RESOURCES INCORPORATED (OTCBB: GFRE)

"Up 48.33% in morning trading"

Gulf Resources, Inc., through its subsidiaries, manufactures and trades in bromine and crude salt in the People's Republic of China. Its bromine compounds are used for industry and agriculture applications, as well to form intermediates in organic synthesis. The bromine is used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants. The company also manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents, and inorganic chemicals. These chemical products include hydroxyl guar gum, demulsified agent, corrosion inhibitor for acidizing, bactericide, chelant, iron ion stabilizer, clay stabilizing agent, flocculants agent, remaining agent, and expanding agent with enhanced gentleness. In addition, it engages in the research and development of commonly used chemical products, as well as medicine intermediates. The company is based in Shouguang City, the People's Republic of China.

BASIC EARTH SCIENCE SYSTEMS INCORPORATED (OTCBB: BSIC)

"Up 32.14% in morning trading"

Basic Earth is a profitable oil and gas exploration and production company with exposure to 68,153 gross (8,470 net) undeveloped acres. As of March 31st 2008, Basic Earth had working interest in 90 producing oil wells and 14 producing gas wells in North Dakota, Montana, Colorado, Texas and Wyoming, with reserves of 1,260,000 BOE and a PV-10 of $33,200,000. Founded in 1969, Basic Earth's Web site address is www.basicearth.net.

CARDIOGENESIS CORPORATION (OTC: CGCP)

"Up 25.93% in morning trading"

Cardiogenesis Corporation, together with its subsidiaries, designs, develops, and distributes laser-based surgical products and disposable fiber-optic accessories for the treatment of ischemia associated with advanced cardiovascular disease through laser myocardial revascularization. The company's products include transmyocardial revascularization system, which consists of a laser console and a line of fiber-optic, as well as laser-based surgical tools that deliver laser energy from the source laser base unit to the distal tip of the surgical handpiece. Its products also include Port Enabled Angina Relief using Laser Thoracoscopic 8.0 minimally invasive delivery system, which is used for the treatment of chronic severe angina in patients who are not candidates for traditional revascularization. In addition, the company's products include Phoenix Combination Delivery system that combines the delivery of its Holmium, a YAG TMR therapy with the delivery of biologic or pharmacologic agents to optimize the physiologic and clinical response. Further, its products include Percutaneous Myocardial Channeling procedure/system, through which a laser transmitting catheter is threaded up from the femoral artery at the top of the leg into the heart chamber, where channels are created in the inner portion of the heart muscle. The company markets its products for sale primarily in the United States, Canada, Europe, and Asia. Cardiogenesis Corporation was founded in 1989 and is headquartered in Irvine, California.

About 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 receives Internet data services from QuoteMedia (QMCI) in return for coverage on its site.

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.