Dallas, TX 5/15/2009 10:52:45 PM
OTCPicks.com Daily Market Movers Digest Midday Report for Friday, May 15th QMCI, MPTO, IGNT, CVRG, CADD
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Our Stocks to Watch today include QuoteMedia Inc. (OTCBB: QMCI), MP2 Technologies Inc. (OTC: MPTO), Ingen Technologies Inc. (OTC: IGNT), Converge Global Inc. (OTC: CVRG) and Caddo International Inc. (OTC: CADD).
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QUOTEMEDIA INCORPORATED (OTCBB: QMCI)
Company Profile: http://www.otcpicks.com/quotemedia/quotemedia.htm
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.
MP2 TECHNOLOGIES INCORPORATED (OTC: MPTO)
"Up 30.43% in morning trading"
Company Profile: http://www.otcpicks.com/mp2-technologies/mp2-technologies.htm
MP2 Technologies, Inc. serves as a holding company for technology and service related businesses that can share common management resources and access to marketing channels. New acquisitions will be announced over time as opportunities that fit the company's acquisition profile become available. Acquired companies will benefit from MP2's public company expertise, executive management, and sales and marketing contacts throughout the world. More information on the company can be found at www.mp2technologies.com.
INGEN TECHNOLOGIES INCORPORATED (OTC: IGNT)
"Up 123.03% in morning trading"
Ingen Technologies, Inc. is the leading world manufacturer of gravity-independent in-line oxygen flow meter products and services related to pulmonary and respiratory therapeutic hospital and home oxygen therapy. The company has adopted quality improvement (QI) initiatives throughout all areas of operations. Ingen Technologies is registered with the Food & Drug Administration, and licensed in good standing with the Department of Health Services. Headquartered in Yucaipa, California, the company distributes its respiratory products in North America, Asia and European Communities, and its operations provide sales, logistics, billing and collections. Supported by corporate functions such as Finance, Information Services, Human Resources, Legal and Contract Services, Ingen Technologies division and regional business units are able to respond quickly to customer and patient needs.
CONVERGE GLOBAL INCORPORATED (OTC: CVRG)
"Up 44.40% in morning trading"
Converge Global Inc. is a junior mining company whose business strategy is to acquire existing gold mines as well as to explore new gold properties across the globe with a current focus on Northern Canada and South America.
CADDO INTERNATIONAL INCORPORATED (OTC: CADD)
"Up 41.30% in morning trading"
Caddo International, Inc. is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. Caddo has approximately 15 employees. Formerly named Petrol Industries, the Company has successfully been in business for over 40 years. Currently the Company is focusing on providing contracting services in Caddo, Desoto, Bossier, and Claiborne Parishes, as well as certain areas in East Texas. Caddo intends to continue to expand its customer base while continuing to increase the depth and scope of the services it provides.
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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 is being compensated via a services swap with QuoteMedia for QMCI advertising and promotional services. OTCPicks.com has been compensated $13,500 worth of StockPromoters.com services in return for two weeks of advertising and promotional services for MPTO.
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