OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, November 4th GCHK, MEMY, MECA, WWAT, SCLD

Our Stocks to Watch today include GreenChek Technology Inc. (OTCBB: GCHK), Memory Pharmaceuticals Corp. (Nasdaq: MEMY), Magna Entertainment Corp. (Nasdaq: MECA), WorldWater & Solar Technologies Corp. (OTCBB: WWAT) and SteelCloud Inc. (Nasdaq: SCLD).

GREENCHEK TECHNOLOGY INCORPORATED (OTCBB: GCHK)

"Up 2.78% in morning trading"

Company Profile:

GreenChek Technology, Inc. manufactures and distributes hydrogen injection technology devices that primarily focus on mobile transportation applications and industrial generative power applications. It also provides mobile greenhouse gas emissions reduction technology. The company's Onboard Hydrogen Generation and Injection technology is used for emissions reduction technology and fuel economy enhancement in trucks, locomotives, and automobile engines. It has operations in the United States, Canada, Asia, and Europe. The company, formerly known as Ridgestone Resources, Inc., was founded in 2006 and is headquartered in San Francisco, California.

MEMORY PHARMACEUTICALS CORPORATION (NASDAQ: MEMY)

"Up 46.73% in morning trading"

Memory Pharmaceuticals Corp., a biopharmaceutical company, focuses on the discovery and development of drug candidates for the treatment of central nervous system conditions. It offers drugs for neurological diseases associated with aging, such as Alzheimer's disease, as well as psychiatric disorders, such as schizophrenia, cognitive impairment associated with schizophrenia (CIAS), and depression. The company's products include MEM 1003, a neuronal L-type calcium channel modulator that is in phase II clinical trials for the treatment of Alzheimer's disease and bipolar disorder; and nicotinic alpha-7 agonists, including MEM 3454, a phase IIa clinical trial product and MEM 63908, a phase I clinical trial product for the treatment of Alzheimer's disease and CIAS. Its products also comprise PDE4 inhibitors, including MEM 1414, a phase I clinical trial program, as well as MEM 1917 for CNS disorders and depression; PDE10 Inhibitor program; and 5-HT6 Antagonists for the treatment of Alzheimer's disease, schizophrenia, attention deficit disorder, and obesity. The company has collaborations with F. Hoffman-La Roche, Ltd. for the development of nicotinic alpha-7 agonists; and Amgen, Inc. for the development of PDE10 inhibitors. In addition, it has a development agreement with The Stanley Medical Research Institute to develop MEM 1003 as a treatment for bipolar disorder. The company was founded in 1997 and is based in Montvale, New Jersey.

MAGNA ENTERTAINMENT CORPORATION (NASDAQ: MECA)

"Up 23.14% in morning trading"

Magna Entertainment Corporation (MEC), North America's largest owner and operator of horse racetracks based on revenue, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops, owns and operates casinos in conjunction with its racetracks where permitted by law. MEC owns and operates AmTote International, Inc., a provider of totalisator services to the pari-mutuel industry, XpressBet®, a national Internet and telephone account wagering system, as well as MagnaBet™ internationally. Pursuant to joint ventures, MEC has a fifty percent interest in HorseRacing TV®, a 24-hour horse racing television network, and TrackNet Media Group LLC, a content management company formed for distribution of the full breadth of MEC's horse racing content.

WORLDWATER & SOLAR(OTC BB: WWAT.OB)

"Up 34.38% in morning trading"

WorldWater & Solar Technologies Corp. is a full-service solar electric engineering, design and water management company with unique, high-powered and patented solar technology providing solutions to a broad spectrum of electricity and water supply problems. ENTECH, Inc., a subsidiary of WorldWater, is a high-technology solar energy company specializing in patented solar concentrating and PVT systems. ENTECH’s systems can produce electrical output, a combination of electricity and thermal energy or thermal energy alone. Commercial applications vary in size from one kilowatt remote power units to large, multi-megawatt utility power plants.

STEELCLOUD INCORPORATED (NASDAQ: SCLD)

"Up 19.35% in morning trading"

SteelCloud is a developer and manufacturer of compliance-based technology solutions. SteelCloud designs and manufactures specialized servers and appliances for federal integrators, software vendors and volume users. For both the government and commercial markets SteelCloud delivers integration services and software focused on risk management and network management solutions. SteelCloud's ISO 9001:2000 certified Quality Management System provides procedures for continuous quality improvement in all aspects of its business. Over its 20-year history, SteelCloud has won numerous awards for technical excellence and customer satisfaction.

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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 eight thousand dollars by a third party (BlueWave Advisors) for GCHK advertising and promotional services.

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