Dallas, TX 9/9/2008 10:57:17 PM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, September 9th CPRK, WGNR, FNSR, SRLM

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Our Stocks to Watch today include Copper King Mining Corp. (OTC: CPRK), Wegener Corp. (Nasdaq: WGNR), Finisar Corp. (Nasdaq: FNSR) and Sterling Mining Co. (OTCBB: SRLM).

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COPPER KING MINING CORPORATION (OTC: CPRK)

Company Profile:

www.otcpicks.com/copper-king-mining/copper-king-mining.htm

Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.

WEGENER CORPORATION (NASDAQ: WGNR)

"Up 20.34% in morning trading"

Wegener Corporation, through its subsidiary, Wegener Communications, Inc., engages in the design, manufacture, and distribution of satellite communications electronics equipment. The company primarily provides digital solutions for video, audio, and Internet protocol data networks. Its products include iPump media servers, which delivers and stores digital content into broadcast, cable, and business operations; UNITY satellite receivers that are primarily used to distribute programming to cable and telecom headends; Compel network control system, which is a network control system; MediaPlan content management and ingest products, which are control and management system modules; and Nielsen media research products that are used to encode Nielsen media research identification tags into media for Nielsen program ratings. It also offers DTV digital stream processor product line for cable and telecom headends; analog audio products comprising series 1600 and 1700 mainframes, sub carrier modulators, demodulators, and decoders, which are used for cable audio distribution; third-party uplink products for video and audio distribution; and various customized products. Wegener Corporation primarily markets its products to business and private networks, cable and broadcast television, and broadcast radio markets through sales representatives, and independent distributors and integrators. It has operations primarily in the United States, Canada, Europe, Latin America, and Mexico. The company was founded in 1977 and is headquartered in Duluth, Georgia.

FINISAR CORPORATION (NASDAQ: FNSR)

"Up 7.63% in morning trading"

Finisar Corporation designs, develops, manufactures, and markets optical subsystems, components, and network performance test systems for high-speed data communications in the United States and internationally. The company offers optical subsystems and components that connect local area networks (LAN), storage area networks (SAN), and metropolitan area networks (MAN). Its optical subsystems primarily include transceivers, which provide the fundamental optical-electrical interface for connecting equipment used in building networks; transmitters that convert electrical signals into optical signals for transmission over fiber optics; and receivers, which convert incoming optical signals into electric signals. The company?s optical subsystems also include multiplexers, de-multiplexers, and optical add/drop modules for use in MAN applications. Its line of optical components principally comprises packaged lasers and photo-detectors used in transceivers for LAN and SAN applications; and passive optical components used in building MANs. The company also provides network performance test systems, such as products to test the reliability and performance of equipment for various protocols, including Fibre Channel, Gigabit Ethernet, 10 Gigabit Ethernet, iSCSI, SAS, and SATA. It sells its optical subsystem and component products primarily to manufacturers of storage and networking equipment. The company was founded in 1987 and is headquartered in Sunnyvale, California.

STERLING MINING COMPANY (OTCBB: SRLM)

"Up 26.32% in morning trading"

Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SLRM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX."

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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 sixteen thousand five hundred dollars by a third party for CPRK 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.