VKNG, ACTH, QGP, PMDP, HESG, ORCD OTCPicks.com Stocks to Watch for Wednesday, November 4th
Posted on 11/3/2009 9:42:24 PM in #Stocks | 0 comments comments
Our
Stocks to Watch tomorrow include Viking Systems Inc. (OTCBB: VKNG), Advanced
Clean Technologies Inc. (OTC: ACTH), The Quantum Group Inc. (Amex: QGP),
Plateau Mineral Development Inc. (OTC: PMDP), Health Sciences Group Inc. (OTC:
HESG) and The Orchard Corp. (Nasdaq: ORCD).
VIKING
SYSTEMS INCORPORATED (OTCBB: VKNG)
"Up
369.39% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/VKNG.php
Viking
Systems, Inc. (OTCBB: VKNG) is a leading worldwide developer, manufacturer and
marketer of visualization solutions for complex minimally invasive surgery. The
Company partners with medical device companies and healthcare facilities to
provide surgeons with proprietary visualization systems enabling minimally
invasive surgical procedures, which reduce patient trauma and recovery time.
VKNG
News:
November
3 - Viking Systems, Inc. Reports Third Quarter Results; Provides Business
Updates
Viking
Systems, Inc. (OTCBB: VKNG), a supplier of 2D and 3D visualization systems for
the medical market, today announced results for the quarter ended September 30,
2009. The Company reported that it has made significant progress in its
objective to reach sustainable positive cash flow from operations and that it
is exploring strategic and financing options in order to fund anticipated 2010
operating losses while the Company develops and launches its "Next
Generation" 3DHD Visualization System. Additionally, the Company discussed
a significant order for its current 3Di system, its technology outlook and
several pending changes in its management and governance structure.
Sales
Sales
were $1,995,614 for the three months ended September 30, 2009 and $1,585,826
for the three months ended September 30, 2008, representing an increase of 26%.
For the nine months ended September 30, 2009, sales increased 16% to $5,149,504
compared with the same period in the prior year. The increase in sales during
the quarter ended September 30, 2009 was due to increased sales of
approximately $590,000 of a proprietary visualization system designed for and
distributed by one specific customer as they elected to increase inventory
levels of such product. Sales to this customer increased by approximately
$1,210,000 during the nine months ended September 30, 2009 compared with the
same period in the prior year.
Net
Loss
The
net loss was $195,877, or $0.00 per share for the quarter ended September 30,
2009 compared with a net loss of $43,599, or $0.00 per share for the same
period in 2008. Other income included a $1,000,000 license fee in the quarter
ended September 30, 2008. For the nine month periods ended September 30, 2009
and 2008 the Company incurred net losses of $882,669 or $0.02 and $5,055,726 or
$0.12 per share, respectively.
Operating
Loss
As
a result of increased sales, higher margins and reduced operating expenses the
Company has substantially reduced its operating losses. The operating loss was
$193,316 for the quarter ended September 30, 2009 compared with $1,044,557 for
the same period in 2008. For the nine month periods ended September 30, 2009
and 2008 the Company incurred operating losses of $996,863 and $3,947,760,
respectively. The operating loss before non-cash charges was $34,418 for the
quarter ended September 30, 2009 compared with $803,047 for the same period in
2008. For the nine month periods ended September 30, 2009 and 2008 the Company
incurred operating losses before non-cash charges of $435,654 and $2,595,724,
respectively.
U.S. Army Orders
3D Systems
In
October 2009, the Company received the largest order in its history for its
proprietary 3Di vision systems. This order, totaling approximately $900,000,
was from the U.S. Army for deployment of one of our complete 3Di systems at
each of seven regional Army Medical Centers throughout the United States.
We anticipate having all seven systems installed and operational before-year
end 2009. This is a follow-on order to the single system already in place at Walter Reed Army Medical
Center in Washington, DC.
Technology
Update
In
October, a major milestone was achieved when Viking Systems' "Next
Generation" 3DHD camera system was demonstrated to the surgical community
utilizing a prototype Sony 3DHD flat panel display at the American College of
Surgeon's 95th annual Clinical Congress in Chicago. Jed Kennedy, Viking's
president and chief operating officer, described the reaction of the medical
community saying, "We were extremely pleased with the level of interest
shown by all surgical specialties. Well over 1,500 attendees waited their turn
to see the interactive 3DHD demonstration and appeared delighted with what they
experienced. While 2D high definition cameras now represent the vast majority
of placements in the approximately $1 billion surgical video systems market, it
is now clear that 3DHD is the next advancement in endoscopic surgical
vision." Viking and Sony plan a similar demonstration at MEDICA, the
world's largest medical device trade show, held every year in November in Dusseldorf, Germany.
In parallel, a group of clinical advisors is being organized to provide
guidance on the clinical requirements for this "Next Generation"
system.
Later
this month, Viking Systems plans to deliver a "designed to
specification" prototype high definition 3DHD visualization system to a
manufacturer of surgical robotic systems as part of a development agreement.
The system prototype is a key deliverable in the completion of the development
arrangement. While there can be no assurance that at the completion of the
development contract a supply agreement will be awarded, Viking believes that
the new product has several unique features that will address specific market
needs and that the Company is well positioned to support any production needs
for the system.
Over
the next twelve months Viking Systems intends to complete the development of
its unique "Next Generation" 3DHD Visualization System for Minimally
Invasive Surgery and currently plans to launch the system at the American College
of Surgeon's 96th annual Clinical Congress in October 2010 in Washington, DC.
Financing
Update
Viking
disclosed in previous public filings that in the fourth quarter of 2008 it
engaged an investment banking firm to assist management in exploring strategic
options. A number of third parties executed confidentiality agreements with the
Company during this process. Over the past nine months the Company has had and,
in some instances, continues to have varying levels of discussion with certain
of these parties. However, absent expeditious developments related to a
potential sale of the Company, Viking plans to seek adequate financing to
support operations during the commercialization of its "Next Generation"
3DHD system.
Management
and Governance
When
Viking Systems was recapitalized on January 4, 2008, William C. Bopp, currently
chairman and chief executive officer, signed a two year employment agreement.
At the end of 2009, it is the intention of the Board of Directors to promote
and appoint John "Jed" Kennedy, currently president and chief
operating officer, to the position of president and chief executive officer. It
is anticipated that Mr. Bopp will continue to serve as Chairman of the Board of
Directors. Mr. Bopp said, "This transition recognizes the contributions of
Mr. Kennedy to the success of Viking Systems to date and the Board's confidence
in his leadership ability for the future."
Separately,
J. Winder Hughes has tendered his resignation from the Board effective November
2, 2009. Mr. Hughes has indicated his interest in assisting the Company in
raising funds and believes it will be in the Company's and his best interest if
he is an independent investor able freely to participate in such a financing. Mr.
Bopp said, "We have valued Winder Hughes' counsel as a Board member and
look forward to a continued association with him should a financing be
undertaken."
ADVANCED
CLEAN TECHNOLOGIES INCORPORATED (OTC: ACTH)
"Up
240.00% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/ACTH.php
Advanced
Clean Technologies, Inc. is committed to a safer environment. We provide
cost-effective, environmentally-safe, remediation solutions to today's hazardous
waste problems. Our wholly owned subsidiary, American Petroleum Solutions,
provides remediation services for projects complicated by environmental,
regulatory, and other related issues. Our experience ranges from soil
remediation to complex petroleum services related projects. Founded by
professionals with environmental construction and remediation engineering
backgrounds, we provide our clients the benefit of a marriage of practical and
technical experience unique to a remedial construction company.
ACTH
News:
November
3 - Advanced Clean Technologies Completes Acquisition of Environmental
Remediation Company
Advanced
Clean Technologies, Inc. (OTC: ACTH) announced that it has completed the
acquisition of American Petroleum Solutions, Inc., (API), which holds an
exclusive license for a patented, oil sludge removal technology. Current ACTH
clients already include some of the largest oil and gas companies in the US including
ConocoPhillips, ExxonMobil, Avon Petroleum, Valero Petroleum, as well as the US
Navy Petroleum Reserve. "This strategic addition to our company,
strengthens our offering in the oil and gas industry and accelerates our growth
plans," said Russell Kidder, CEO.
API
has more than 15 years of experience providing a wide range of green services
including environmental remediation, soil remediation and other services for
the oil and gas industry.
ABOUT
WORLD MARKET MEDIA
World
Market Media utilizes cutting edge social media platforms to connect the
world's securities exchanges and their various investment communities with the
goal of creating the world's first Global Online Investment Community. WMM
implements innovative media solutions to produce real market results delivering
in-house services including IR 2.0, online advertising, marketing, social media
solutions, web-traffic, search marketing, web development, branding and
audio/video and motion graphics production.
QUANTUM
GROUP INCORPORATED (AMEX: QGP)
"Up
50.00% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/QGP.php
The
Quantum Group is an innovation-driven healthcare services organization (HSO)
that provides Technology Solutions through PWeR, a 21st Century EMR platform by
Quantum Innovations; Provider Systems and services through Renaissance Health
Systems, a medical services organization (MSO) with more than 2,000 affiliated
providers; and Business Services through Quantum Global Professional Services
(QGPS) for healthcare providers and facilities.
QGP
News:
October
26 - The Quantum Group Announces PWeR Deployment with First
Renaissance-Affiliated Provider
The
Quantum Group, Inc. (Amex: QGP) announced that the first physician affiliated
with Quantum subsidiary Renaissance Health Systems has “gone live” with PWeR™
(Personal Wellness electronic Record™), the one patient, one record™ electronic
medical record platform offered by Quantum Innovations, Inc. This successful
deployment marks the inception of the cross-marketing potential that is core to
the Quantum model.
Renaissance
Health Systems has more than 2,000 affiliated providers and multiple contracts
with payers that have assigned nearly 5,000 patient lives to Renaissance for
the coordination of their healthcare.
Dr.
Edgar R. Blecker is a primary care physician in Sebastian, Florida
and has been affiliated with Renaissance for approximately a year and a half.
He has recently expanded his operations into a second facility and added new
physicians. Using the web-based PWeR platform, Dr. Blecker and his associates
can collaborate and connect in real time.
Dr.
Blecker noted, “We are thrilled to be live on PWeR. The platform follows a
natural workflow and has allowed us to streamline our existing processes and
create a more efficient office environment. The training and support have been
consistent with the high quality and service we have experienced during our
relationship with Renaissance. There is great benefit and simplicity in working
with a Company that has many solutions under one umbrella.”
Pete
Martinez, Quantum
Senior Vice President and Chief Technology & Innovations Officer, has led
the development of PWeR from inception. “Dr. Blecker is an innovator and is a
fantastic example of how PWeR can be scaled to meet the needs of any practice
from the solo practitioner, to a multiple-physician group practice, medical
facility or a hospital environment. PWeR allows Dr. Blecker to have the
flexibility to share critical patient information between his two offices with
a click of the mouse and to monitor daily operations. Further, as Dr. Blecker
conducts rounds in the hospitals to visit with any of his admitted patients, he
can access and update his patient records and order any necessary tests,
procedures, or prescriptions as he conducts his examinations.”
Martinez continued,
“The country is demanding reform of the healthcare delivery system and we
believe PWeR is an ideal tool to facilitate that change. PWeR stands apart from
existing, and largely software-based, players in the market through our one
patient, one record approach fueled by the Internet. Our 19 patent applications
are revolutionary in this industry.”
ABOUT
PWER™
PWeR
stands for Personal Wellness electronic Record™. This 21st Century electronic
medical records (EMR) solution is the one patient, one record™ intelligent
healthcare information platform that hosts medical records and permits
interactive use. Medical records will follow the patient, giving every
healthcare provider that sees a particular patient access to all the
information needed to assist in their diagnosis and treatment plan. Providers
can access a patient's entire medical record at one glance. Patients can look
back over physician instructions or track their wellness progress. In critical
situations or in providing treatment to PWeR patients, hospitals can access
full medical histories and make educated treatment decisions based on accurate
data.
PLATEAU
MINERAL DEVELOPMENT INCORPORATED (OTC: PMDP)
"Up
27.27% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/PMDP.php
Plateau
Mineral Development, Inc. specializes in the exploration and development of
energy sources. Its partner, Plateau Mineral Development LLC, has been in
existence for over five years with successful new wells and rework wells
selling both gas and oil.
PMDP
News:
July
15 - Plateau Mineral Development, Inc. Announces Solar Collector
Plateau
Mineral Development, Inc. (OTC: PMDP), along with its partner, Plateau Mineral
Development LLC, announced today that the firm, in conjunction with MEI, is
moving to secure several features of its improved solar collector.
The
unit, produced and installed in the early 1980s, is being upgraded with the
inclusion of photo-voltaic capability. The unit acts as a concentrator under
clear skies and as a flat plate when sunlight is diffused by dust or clouds.
A
representative of Plateau Mineral Development states, "Additionally, a
research and development plan and budget have been prepared to research means
of enhancing the photo-voltaic output. Understandably, aspects of this research
and development are being held in strictest confidence. We will update our
shareholders on portions of the research that are deemed appropriate for
dissemination as soon as the details are available to us."
HEALTH
SCIENCES GROUP INCORPORATED (OTC: HESG)
"Up
50.00% on Tuesday"
Detailed
Quote: http://www.otcpicks.com/quotes/HESG.php
Health
Sciences Group, Inc. is a provider of health and wellness services to
consumers, physicians and other healthcare professionals through its Web site
and health-focused publications. The Health Sciences network consists of its
public website and iGoHealthy Magazine. The Company operates in two segments:
Online Services and Publishing and Other Services.
HESG
News:
November
3 - Health Sciences Group, Inc. Locks in Consulting Agreement With Medical
Marijuana, Inc.
Health
Sciences Group, Inc. (OTC: HESG) announced that its CEO Thomas Gaffney has
finalized a consulting agreement with Medical Marijuana, Inc. (OTC: MJNA) on a
comprehensive agreement to advise on compliance issues with any state, local
and city medical marijuana issues concerning the operations of dispensaries in
California.
ABOUT
MEDICAL MARIJUANA, INC.
Medical
Marijuana, Inc. (OTC: MJNA) is the first public company to recognize the vast
and unequaled opportunities that exist in the rapidly expanding medical
marijuana industry. The scientific recognition of marijuana as a powerful medicine,
and as an effective, non-narcotic pain reliever, has brought legalized
marijuana use to the forefront of mainstream discussion thus opening the door
for safe and lucrative investment opportunities. Medical Marijuana, Inc. has
developed a suite of turnkey business and management solutions for the
fledgling medical marijuana collective industry in California. The growing number of other
states that have legalized the use of medical marijuana have yet to establish a
system for the legalized commercial production and sale of the medicine. These
regions are also strong potential targets for Medical Marijuana, Inc.'s
products and services down the road. It is likely that other states will follow
California's basic lead as the Golden State
more specifically defines the regulations and protocol that are shaping the
supply-side of the legal medical marijuana sector.
THE
ORCHARD ENTERPRISES INCORPORATED (NASDAQ: ORCD)
"Up
13.80% on Tuesday"
Detailed
Quote: www.otcpicks.com/quotes/ORCD.php
Headquartered
in New York and London with operations in 25 markets around
the world, The Orchard is a full service media company specializing in the
distribution of music and video entertainment. Founded in 1997, the company is
a global leader in digital marketing and distribution, driving sales across
more than 730 digital storefronts and mobile carriers in 69 countries.
Fostering creativity and independence, The Orchard enables labels, artists and
rights holders to grow and monetize audiences globally.
ORCD
News:
November
3 - eMusic Owner Looking To Buy Up All Of The Orchard
eMusic
owner JDS Capital's private equity arm Dimensional Associates is negotiating
with digital music and video distributor The Orchard to buy up all of the
outstanding common stock it does not already own.
Dimensional
previously owned The Orchard (Nasdaq: ORCD) prior to its 2007 merger with
Digital Music Group Inc (DMGI), which saw the ownership structure change but
the name remain.
Dimensional
still owns a majority of the firm, which lost its CEO and president Greg Scholl
in September.
Now
The Orchard confirms in an SEC filing that Dimensional offered $1.68-a-share on
October 15; after discussions with the board, it's now offering $1.84 — an
offer The Orchard is "reviewing and evaluating."
But
The Orchard says in a follow-up filing that interim CEO Daniel Stein
(Dimensional's CEO) has resigned for an unspecified reason, replaced in the
interim by EVP/GM Brad Navin.
Scholl's
departure had come during a cost-cutting drive that axed 20 percent of Orchard
staff (16 staff, five consultants and temporary workers). The Orchard is
competing with digital distributors like IODA.
Orchard
stock – already trading way below the 2006, pre-merger high of $26.88 – began
falling again in August, to a price of about $1.33 when Dimensional first bid
last month. News of the offer bumped the price back up again on Monday.
Bringing
eMusic and The Orchard under the same owner would unite two companies at
different parts of the online music value chain — one that shifts digital music
across networks for labels and one that plays that music to consumers on a
subscription basis.
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