EVRM, EDGR, BTDG, ECTY, HYSR, XDSL, IMDS OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, May 22nd
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Our
Stocks to Watch today include Evermedia Group Inc. (OTC: EVRM), EDGAR Online
Inc. (NASDAQ: EDGR), B2 Digital Inc. (OTC: BTDG), ECOtality Inc. (NASDAQ:
ECTY), HyperSolar Inc. (OTCBB: HYSR), mPhase Technologies Inc. (OTCBB: XDSL)
and Imaging Diagnostic Systems Inc. (OTCBB: IMDS).
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http://www.otcpicks.com/hotpicks.htm
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Watch Alerts.
THE
EVERMEDIA GROUP INCORPORATED (OTCBB: EVRM)
Detailed
Quote: http://www.otcpicks.com/quotes/EVRM.php
Company
Profile: http://bit.ly/JlLkSc
The
Evermedia Group, Inc. is a Service Disabled, Veteran Owned Small Business
(SDVOSB) providing defense and security solutions for government agencies and
private entities. In federal contracting, this allows the Company to pursue
opportunities available only to companies with this designation under the
Veteran's Benefit Act of 2003. Evermedia Group's wholly-owned operating
subsidiaries include defense contractor System Technology Solutions, Inc. and
biometric technology developer Evermedia Biometrics Corporation. The Evermedia
Group, Inc. is headquartered in Boston, Massachusetts.
EVRM
News:
May
22 - Evermedia Group Subsidiary Awarded Biometrics Identity Management Task
Order to Serve US Federal Agency
Evermedia
Group, Inc. (OTC: EVRM) subsidiary, System Technology Solutions, Inc. (STS),
announce a Task Order award to support biometrics business and analysis
initiatives for a U.S. federal agency. As a subcontractor to this major
contract, STS will provide systems engineering and biometric subject matter
expertise to advance the Agency's biometric identity objectives in areas such
as business requirements development and multimodal biometric identity systems.
This contract, and associated Task Orders, is set-aside for Service Disabled,
Veteran Owned Small Business (SDVOSB)-designated companies. The team has
generated over $450k in revenues year to date.
Regarding
the achievement, President of STS, Richard Weitzel, said, "This work
reflects the alignment of Evermedia and STS. Evermedia's Chief Executive
Officer, Jonathan Sym was bid, and is performing, on this Task Order,
contributing his knowledge of biometric technologies and applications to
support identity management. In addition to Jonathan, our team is comprised of
other highly credentialed subject matter experts and business analysts.
Performing this contract requires Jonathan to frequently work from the Agency's
primary offices in Washington, D.C., which he has been doing for the past few months."
Jonathan
Sym commented, "This is a great opportunity to see biometrics working as
an integral component within a large scale enterprise. Deploying and sustaining
biometric technologies to enhance identity management will create many
efficiencies, benefiting the Agency, its stakeholders and customers."
Weitzel
added, "For several years we had hoped for an opportunity to support
biometrics in this way. We are happy to finally have the opportunity to serve
our government in this capacity. We thank you all for your continued support.
Once we receive appropriate permissions from the government Agency and our
prime contractor, we will provide more details in future press."
EDGAR
ONLINE INCORPORATED (NASDAQ: EDGR)
"Up
47.22% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/EDGR.php
EDGAR®
Online provides financial data, analytics and disclosure management solutions
to help corporations and institutional investors facilitate compliance and
management of regulatory disclosure filings. In addition to developing a
variety of unique as-reported and normalized data sets, EDGAR Online is an
industry leader in XBRL (eXtensible Business Reporting Language) processing.
Thousands use the company’s solutions, including U.S. public companies, mutual
funds, leading financial analysts and institutional investors, as well as
global regulators such as the FDIC, Banque de France and the U.S. Securities
and Exchange Commission. The company delivers its solutions, including
UBmatrix® XBRL software solutions, through an extensive network of partners,
including Business Wire, LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR
Donnelley and SAP.
EDGR
News:
May
22 - R. R. Donnelley to Acquire Edgar Online, a Leader in Financial Data and
Analytics
*
Expands Digital Communications and XBRL Capabilities Software
*
Provides Tested Platform for XBRL Creation and Review and Innovative Tools for
Disclosure Management
R.
R. Donnelley & Sons Company (RRD) and EDGAR Online (NASDAQ: EDGR) jointly
announced that they have signed a definitive agreement pursuant to which RR
Donnelley will acquire EDGAR Online, a leading provider of disclosure
management services, financial data and enterprise risk analytics software and
solutions for both corporate and investment professionals. The deal is valued
at approximately $70.5 million, which includes $1.092 per common share,
assumption of debt and payment of an amount equal to the redemption price of
the preferred shares. The transaction is expected to close during the third
quarter of 2012. The acquisition is expected to be accretive to RR Donnelley's
earnings in the first full year after the closing of the transaction and is
subject to customary closing conditions, including regulatory approval and
approval of EDGAR Online shareholders.
"This
acquisition continues to expand the range of our digital offering and further
enhances our ability to deliver integrated communications solutions," said
Thomas J. Quinlan, III, RR Donnelley's President and Chief Executive Officer.
"In every segment that we serve we provide a full set of resources for
creating, managing, producing, distributing and even monetizing content."
EDGAR
Online has provided XBRL (eXtensible Business Reporting Language) services to
RR Donnelley's Financial Services offering since 2008. Working with EDGAR
Online, RR Donnelley has become an industry leader in executing XBRL filings.
"We
are very pleased to be joining a company with whom we have worked so closely,"
observed Robert J. Farrell, EDGAR Online's President and CEO. "Our proven
innovative solutions for professionals who produce and consume financial
information can be immediately leveraged by RR Donnelley's customer base. We
expect that this combination will help to drive the development and deployment
of our SaaS-based governance, risk and compliance (GRC) solutions that can help
RR Donnelley meet its clients' growing financial communications needs."
Tom
Juhase, President of RR Donnelley's Financial Services offering, stated,
"This is a natural fit with our growing portfolio of financial disclosure
management services and a superb match for our clients' needs for end-to-end
solutions. Our long working relationship with EDGAR Online gives us immense
confidence in their platform, people and processes. They will bring best in
class technology and deep domain expertise in XBRL -- an area of vital
importance to our clients.
"We
are seeing significant demand for XBRL services this year as all public
companies soon will need to comply with the SEC's detailed tagging
requirements. EDGAR Online has a tested platform that has scaled in concert
with our capacity needs. With EDGAR Online, we are able to further assist our
clients with the creation of key documents and provide investors innovative
analytical tools that support even better-informed decision making,"
concluded Juhase.
ABOUT
RR DONNELLEY
RR
Donnelley (RRD) is a global provider of integrated communications. The company
works collaboratively with more than 60,000 customers worldwide to develop
custom communications solutions that reduce costs, drive top-line growth,
enhance ROI and ensure compliance. Drawing on a range of proprietary and
commercially available digital and conventional technologies deployed across
four continents, the company employs a suite of leading Internet based
capabilities and other resources to provide premedia, printing, logistics and
business process outsourcing services to clients in virtually every private and
public sector.
B2DIGITAL
INCORPORATED (OTC: BTDG)
"Up
33.33% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/BTDG.php
B2
Digital is dedicated to seeking acquisitions, mergers and joint ventures with a
scope of business opportunities including the resource sector. With a merger of
this type B2 Digital will become a part of one great organization, SSM Media
Ventures, Inc. and RHN.
BTDG
News:
May
22 - B2 Digital Appoints Rodney P. Hunt New Chairman Of BTDG.PK PR Newswire
B2
Digital, Inc. (OTC: BTDG) & SSM Media Ventures, Inc. appoints Rodney P.
Hunt as Chairman of the Board of B2 Digital, Inc.
New
Restructuring
B2
Digital, Inc. has begun a major corporate restructuring of BTDG in preparation
for the pending deal with SSM Media Ventures, Inc. This is being done in an
effort to prepare BTDG for a secondary offering and a re-launch of the stock in
the market place. B2 Digital, Inc. with the support of SSM Media Ventures, Inc.
is announcing the appointment of the new chairman of B2 Digital, Inc. Mr.
Rodney P. Hunt. Mr. Hunt is CEO and President of RPH Enterprises, Inc. and
founder of RSI Systems Inc. Mr. Hunt led RSIS through a period of uninterrupted
growth, with annual revenues of $300 million, with a professional staff
numbered around 2,000 persons. RSIS held approximately 100 prime contracts with
civilian and defense agencies of the federal government when Hunt sold the
company in 2007.
Mr.
Hunt hopes for a repeat of his success with B2 Digital. "I am excited
about my new role as Chairman of BTDG," says Mr. Hunt. He states boldly
that he has identified value in the small company and seeks to build B2 into a
TITAN of Digital Media, Entertainment and IT. His first move is to restructure the
company and prepare it for a listing on a major stock exchange. "Mr. Hunt
represents a fresh start for BTDG and bright new future," says Matthew
Anderson, Chief of Staff and Board member of SSM Media Ventures, Inc. The
primary objective is to position B2 Digital for a secondary offering and use
proceeds to build a dominant portfolio of brands in Television, Entertainment,
Digital Media and IT.
B2
Digital CEO, Paul D.H. LaBarre stated, "In my opinion B2 Digital has only
one ambition: to be the best! What else is there?" Atonn Muhammad,
President/CEO of SSM Media Ventures, Inc. will take over as President and Paul
LaBarre, BTDG, CEO will maintain his position. Both LaBarre and Muhammad
have faith in Mr. Hunt. "He is a visionary, outside of the box thinker,"
says Muhammad. Hunt is encouraging existing shareholders to stay with BTDG
through this ground breaking transition. He has a detailed plan that includes a
capital raise and several strategic acquisitions.
ECOTALITY
INCORPORATED (NASDAQ: ECTY)
"Up
28.36% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/ECTY.php
ECOtality,
Inc., headquartered in San Francisco, California, is a leader in clean electric
transportation and storage technologies. Through innovation, acquisitions, and
strategic partnerships, ECOtality accelerates the market applicability of
advanced electric technologies to replace carbon-based fuels.
ECTY
News:
May
21 - ECOtality Reports Record First Quarter 2012 Results
ECOtality,
Inc. (NASDAQ: ECTY), a leader in clean electric transportation and storage
technologies, reported financial results for the first quarter ended March 31,
2012.
Q1
2012 Summary of Financial Results
Revenue
in the first quarter of 2012 increased 215% to a record $13.7 million, as
compared to $4.3 million in the same year-ago quarter. The increase in revenue
was largely attributed to the continued roll out of network infrastructure for
the EV Project and by a Blink® network licensing agreement. The EV Project is a
public-private partnership with the Department of Energy that seeks to develop,
implement and study techniques for optimizing the deployment of a commercially
viable EV charging infrastructure.
The
first quarter of 2012 represented the company’s first profitable quarter, which
was driven primarily by EV Project revenue and a Blink® network licensing
agreement. Net income in the first quarter of 2012 was $1.2 million or $0.04
per basic and diluted share, as compared to a net loss of $6.8 million or
$(0.51) per basic and diluted share in the same year-ago quarter.
Combined
cash, restricted cash and cash equivalents at March 31, 2012 totaled $4.5
million, as compared to $10.2 million at December 31, 2011. The decrease in
cash was primarily attributed to the rapid increase in both the production and
installation of Blink® DC Fast Chargers required for the EV Project.
Q1
2012 Operational Highlights
*
Approximately 1,100 Blink® chargers were installed during the quarter, bringing
the total number of charging stations to approximately 6,700, and maintaining
the Blink® network as the largest connected electric vehicle (EV) charging
network in the world.
*
The Blink® network has delivered in total more than 5,000 megawatt-hours to EV
drivers, who generated nearly 23 million miles of data for the EV Project.
*
Signed a $5 million licensing agreement with ABB Technology Ventures Ltd to
utilize the Blink® electric vehicle charging network.
*
ABB made a $5 million follow-on investment in the form of a convertible note
due in 2015.
*
Received the Bloomberg New Energy Pioneer Award, which was presented to the top
10 companies around the world that are “forever changing the energy landscape.”
In addition, the company’s Blink® Level 2 charger won an Edison Award,
“honoring the best in innovation and excellence in the development of new
products and services.”
*
Partnered with Regency Centers to install approximately 40 Blink® electric
vehicle charging stations at 19 Regency locations nationwide.
*
Partnered with South Lake Union Discovery Center, operated by Vulcan Real
Estate, to install the first Blink® DC Fast Charger in the Seattle area, while
also installing the company’s first DC Fast Charger in Northern California at
Volkswagen Group of America Electronics Research Laboratory.
*
Strengthened management team with the appointments of Murray Jones as chief
operating officer, Paul Gordon as chief technology officer and Martin Felli as
vice president and general counsel.
Management
Commentary
“We
are pleased by our record first quarter results, in terms of both profitability
and operational performance,” said Jonathan Read, president and CEO of
ECOtality. “These achievements were driven in part by our new licensing
agreement with ABB. Its follow-on investment, along with our recent management
hires, ideally positions ECOtality for the successful execution of the EV
Project and the national rollout of the Blink® network.
“As
the project manager of the EV Project, the largest EV research project ever
undertaken, ECOtality continues to collect valuable insight into how to more
efficiently and effectively build-out a national EV infrastructure. As we move
forward in 2012, we look forward to accelerating the roll-out of our national
Blink® charging network, while further developing and testing numerous
opportunities to monetize this network, as well as deriving continued benefits
from the EV Project.”
HYPERSOLAR
INCORPORATED (OTCBB: HYSR)
"Up
79.49% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/HYSR.php
HyperSolar
is developing a breakthrough, low cost technology to make renewable hydrogen
using sunlight and any source of water, including seawater and wastewater.
Unlike hydrocarbon fuels, such as oil, coal and natural gas, where carbon
dioxide and other contaminants are released into the atmosphere when used,
hydrogen fuel usage produces pure water as the only byproduct. By optimizing
the science of water electrolysis at the nano-level, our low cost nanoparticles
mimic photosynthesis to efficiently use sunlight to separate hydrogen from
water, to produce environmentally friendly renewable hydrogen. Using our low
cost method to produce renewable hydrogen, we intend to enable a world of distributed
hydrogen production for renewable electricity and hydrogen fuel cell vehicles.
HYSR
News:
May
22 - HyperSolar Completes Proof of Concept Prototype that Successfully Produces
Renewable Hydrogen
Company
combines its unique, low-cost polymer coating with a small-scale solar device
to form a self-contained particle that separates hydrogen from water using only
the power of the Sun
HyperSolar,
Inc. (OTCBB: HYSR), the developer of a breakthrough technology to produce
renewable hydrogen using sunlight and any source of water, today announced that
its first proof of concept prototype is successfully producing renewable
hydrogen. By integrating its unique, low-cost polymer coating with a
small-scale solar device to form a self-contained particle, the company has
proven the scientific validity of its breakthrough technology.
“Using
our self-contained particle in a low cost plastic bag, we have successfully
demonstrated our ability to mimic photosynthesis to produce renewable hydrogen
from virtually any source of water using the power of the Sun,” commented Tim
Young, CEO of HyperSolar. “Unlike approaches taken by others in the past, our
small scale solar devices actually float in the water. Our next step is to
complete the development of our nanoparticles, extremely small solar devices,
optimized to significantly reduce the cost of separating hydrogen from water.”
A
video showing the proof of concept prototype is available at the company’s
website, www.hypersolar.com. It features the self-contained particle floating
in a common baggy filled with wastewater from a pulp and paper mill. The video
clearly shows hydrogen bubbles being generated in the small baggy. The
company’s next prototype will feature nanoparticles, which can be mass-produced
at a low cost and can float freely in large scale bag systems to generate large
quantities of renewable hydrogen, the cleanest and greenest of all fuels, using
only sunlight and water.
Young
concluded, “We believe we are on the right track to produce the lowest cost renewable
hydrogen. Most hydrogen used today is not renewable and not very clean because
it is produced from finite hydrocarbon sources, such as oil, coal and natural
gas. Renewable hydrogen produced from nearly infinite sources of water and
sunlight, is clean and carbon free. The worldwide impact of using renewable
hydrogen to generate electricity and power fuel cell vehicles would be
extraordinary.”
HyperSolar
recently entered into a yearlong sponsored research agreement with the
University of California, Santa Barbara to help accelerate the development
process and assure that the key milestones are reached.
MPHASE
TECHNOLOGIES INCORPORATED (OTCBB: XDSL)
"Up
16.67% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/XDSL.php
mPhase
Technologies, Inc. is focused on developing and commercializing a new battery
technology featuring Power On Command™ which provides a unique way to store
energy and manage power that will revolutionize the battery industry. mPhase,
through its 100% owned consumer products division mPower Technologies, is
marketing its first Power On Command product, the mPower Emergency Illuminator.
XDSL
News:
No
recent news for mPhase Technologies, Inc. (OTCBB: XDSL).
IMAGING
DIAGNOSTIC SYSTEMS (OTCBB: IMDS)
"Up
50.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/IMDS.php
Imaging
Diagnostic Systems, Inc. has developed a revolutionary new imaging device to
aid in the detection and management of breast cancer. The CTLM® system is a
breast imaging system that utilizes patented continuous wave laser technology
and computer algorithms to create 3-D images of the breast. The procedure is
non-invasive, painless, and does not expose the patient to ionizing radiation
or painful breast compression. CT Laser Mammography (CTLM®) is designed to be
used in conjunction with mammography. It reveals information about blood
distribution in the breast and shows the process of angiogenesis, which usually
accompanies tumor growth. CTLM system has received international certifications
and licenses from the European CE mark, CMDCAS Canadian Health screening, China
SFDA, India, UL, and ISO 13485. The Company is seeking FDA approval through the
Premarket approval process.
IMDS
News:
May
22 - Imaging Diagnostic's Non-Invasive CTLM® Laser Breast Imaging Device Will
Soon Be Available to Women in Kuwait
Imaging
Diagnostic Systems, Inc. (OTCBB: IMDS), a pioneer in laser breast imaging,
announced that it has signed a distribution agreement with Mareen Group to
market and sell its Computed Tomography Laser Mammography (CTLM®) System in
Kuwait.
"Mareen
Group is honored to present the CTLM® to the women of Kuwait. We are eager to
support the imaging needs of patients through this dignified and innovative
laser breast imaging modality," commented Ahmad Abdulrahman, General
Manager of Mareen Group.
Mareen
Group is a Medical & Pharmaceutical distribution company well established
and based in Kuwait. They have been in operation since 1998, proudly providing
various medical and healthcare institutions within Kuwait and the surrounding
areas with advanced medical equipment and pharmaceuticals from across the
globe. The philosophy of Mareen Group has always been to build close ties with
their customers by supporting their every need with prompt professional service
and support.
Imaging
Diagnostic's CEO, Linda Grable, states, "IDSI is delighted to assign
Mareen Group, a well established medical company in Kuwait, as our new
distributor. The women in Kuwait will hopefully benefit from CTLM®'s unique and
discrete breast imaging process to aid in the diagnosis and management of
breast abnormalities. We are enthusiastic to work with Mareen Group to make the
CTLM®, a non-invasive alternative, accessible to women in Kuwait."
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