Dallas, TX 3/12/2009 7:36:24 AM
News / Finance

OTCPicks.com Stocks to Watch for Thursday, March 12th UCMT, MODC, ODP, FOE, FSNM, GNBT

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/microcap.htm today to join this growing community.

Our Stocks to Watch tomorrow include Universal Capital Management Inc. (OTCBB: UCMT), Modern Technology Corp. (OTC: MODC), Office Depot Inc. (NYSE: ODP), Ferro Corp. (NYSE: FOE), First State Bancorporation (Nasdaq: FSNM) and Generex Biotechnology Corp. (Nasdaq: GNBT).

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UNIVERSAL CAPITAL MANAGEMENT (OTCBB: UCMT)

"Up 300.00% on Wednesday"

Universal Capital Management, Inc. is a publicly traded Business Development Company created under the Investment Act of 1940. Its purpose is to assist its portfolio companies with funding and management to facilitate growth and increase their value.

MODERN TECHNOLOGY CORPORATION (OTC: MODC)

"Up 125.00% on Wednesday"

MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue sharing agreements.

OFFICE DEPOT INCORPORATED (NYSE: ODP)

"Up 11.96% on Wednesday"

Every day, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,713 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.8 billion e-commerce operation. Office Depot has annual sales of approximately $14.5 billion, and employs about 43,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 48 countries.

FERRO CORPORATION (NYSE: FOE)

"Up 106.93% on Wednesday"

Ferro Corporation is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end markets, including electronics, solar energy, telecommunications, pharmaceuticals, building and renovation, appliances, automotive, household furnishings, and industrial products. Headquartered in Cleveland, Ohio, the Company has approximately 5,800 employees globally and reported 2008 sales of $2.2 billion.

FIRST STATE BANCORPORATION (NASDAQ: FSNM)

"Up 92.50% on Wednesday"

First State Bancorporation is a New Mexico based commercial bank holding company. First State provides services, through its subsidiary First Community Bank, to customers from a total of 60 branches located in New Mexico, Colorado, and Arizona.

GENEREX BIOTECHNOLOGY CORPORATION (NASDAQ: GNBT)

"Up 59.64% on Wednesday"

Generex is engaged in the research, development and commercialization of drug delivery systems and technologies. Generex has developed a proprietary platform technology for the delivery of drugs into the human body through the oral cavity (with no deposit in the lungs). The Company's proprietary liquid formulations allow drugs typically administered by injection to be absorbed into the body by the lining of the inner mouth using the Company's proprietary RapidMist(tm) device. The Company's flagship product, oral insulin (Generex Oral-lyn™), which is available for sale in India and Ecuador for the treatment of subjects with Type-1 and Type-2 diabetes, is in Phase III clinical trials at several sites around the world.

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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.

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