OTCPicks.com Daily Market Movers Digest Midday Report for Friday, September 19th EMMS, MKTY, BCND, NAVI

Our Stocks to Watch today include Emmis Communications Corp. (Nasdaq: EMMS), Mechanical Technology Inc. (Nasdaq: MKTY), Beacon Redevelopment Industrial Corp. (OTC: BCND) and NaviSite Inc. (Nasdaq: NAVI).

EMMIS COMMUNICATIONS CORPORATION (NASDAQ: EMMS)

"Up 23.08% in morning trading"

Emmis Communications Corporation, a diversified media company, together with its subsidiaries, operates as a radio broadcasting company in the United States. The company also operates an international radio business; operates a network of radio stations in the Flanders region of Belgium; owns a national radio network in Slovakia; and owns 59.5% interest in a national radio station in Hungary and control interests in 3 national radio networks in Bulgaria. In addition, it publishes various city and regional magazines, including Texas Monthly, Los Angeles, Atlanta, Indianapolis Monthly, Cincinnati, Orange Coast, Tu Ciudad, and Country Sampler and related magazines. Further, the company engages in various businesses, such as Web site design and development, consulting, and broadcast tower leasing, as well as operating a news information radio network in Indiana. As of February 29, 2008, it owned and operated 7 FM radio stations in New York, Los Angeles, and Chicago; and 14 FM and 2 AM radio stations in St. Louis, Austin; and Indianapolis and Terre Haute, Indiana. Emmis Communications Corporation was founded in 1981 and is based in Indianapolis, Indiana.

MECHANICAL TECHNOLOGY INCORPORATED (NASDAQ: MKTY)

"Up 35.90% in morning trading"

Mechanical Technology, Incorporated, through its subsidiaries, engages in developing and commercializing off-the-grid rechargeable power sources for portable electronics. The company offers fuel cell power solution that consists of Mobion Chip, the direct methanol fuel cell power engine, and methanol replacement cartridges for various applications, such as mobile phones and mobile phone accessories, digital cameras, portable media players, PDAs, and GPS devices. It also provides precision non-contact physical measurement solutions, condition based monitoring systems, portable balancing equipment, and semiconductor wafer inspection tools for the manufacturing, semiconductor, commercial/military aviation, automotive, and data storage industries. The company's test and measurement instruments and systems consist of electronic, computerized gauging instruments for position, displacement, and vibration applications for the design, manufacturing, and test markets; semiconductor products for wafer characterization; and engine balancing and vibration analysis systems for military and commercial aircrafts. It sells its products directly, as well as through sales representatives and distributors to original equipment manufacturers primarily in the United States, Europe, Japan, Singapore, and internationally. The company has strategic alliance with Samsung Electronics Co., Ltd.; Duracell; and Trident Systems, Inc. Mechanical Technology, Incorporated was founded in 1961 and is headquartered in Albany, New York.

BEACON REDEVELOPMENT INDUSTRIAL CORP. (OTC: BCND)

"Up 33.33% in morning trading"

Beacon specializes in acquiring undervalued properties that offer the potential for above average return on investment along with multiple assets and development ability at distressed prices, the properties must offer recyclable/salvageable materials along with the potential for redevelopment and or desirable development potential; the company also seeks along with the above for mentioned, properties that have the possibility for governmental grants, tax rebates or deferments as part of their criteria for acquisition.

NAVISITE INCORPORATED (NASDAQ: NAVI)

"Up 3.45% in morning trading"

NaviSite is a leading provider of enterprise hosting and application solutions. More than 1,500 customers depend on NaviSite for application development, implementation and management on its web infrastructure platforms in 17 state-of-the-art data centers supported by more than 700 professionals. NaviSite provides customized and scalable solutions leveraging its broad range of application development capabilities, packaged software implementation expertise, deep portfolio of best in class technologies and a full suite of web-hosting and internet infrastructure options.

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