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ThursdayMar 20, 2008 4:57 pm

Universal Detection Technology (UDTT.OB) Announces China Has Placed its First Purchase Order for Bioterrorism Products

Universal Detection Technology (OTCBB: UDTT) today announced it received a purchase order from its Chinese distributor for bioterrorism detection kits. UDTT develops early warning monitoring technologies to protect people from bioterrorism and infectious health threats. The purchase order from Kadinuo Science and Technology in Beijing is UDTT’s first order of detection kits from China. “We are very pleased to have received our first purchase order for these products from China,” Jacques Tizabi, CEO of UDTT said in a statement. “This is obviously a very large market, and like any other, has security concerns relating to threat of biological weapons and…

ThursdayMar 20, 2008 4:52 pm

Numerous Stories about Reed’s, Inc. (NASDAQ: REED) in the Media

Reed’s, Inc. (NASDAQ: REED), an international gourmet and natural food company, has recently received a significant amount of coverage from the media. According to the company’s founder and chief executive officer, Chris Reed, "We are the favorite ginger ale on the planet right now, and the press likes to talk about it." Reed’s, Inc. was recently featured on CNBC’s Emmy award-winning Business Nation, and additional coverage has included a recent Financial Times feature, a recent interview in the Los Angeles Business Journal, recent items in Better Nutrition, an interview in Business Week and an article in Better Homes and Gardens.…

ThursdayMar 20, 2008 1:25 pm

ThermoEnergy Corporation (TMEN.OB) Director Makes Additional $750,000.00 Investment in Company

ThermoEnergy, a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies, announced March 20, 2008, that Martin A. Roenigk, a ThermoEnergy board member, made a $750,000.00 investment in the Company under terms of the Securities Purchase Agreement dated March 23, 2007. Roenigk, a former Chairman and CEO of CompuDyne Corporation, was elected to ThermoEnergy’s Board in 2007. Roenigk, who was previously employed as a Certified Public Accountant with Arthur Anderson & Company, also worked for 23 years with Travelers Corporation - 10 of those years in Travelers’ Corporate…

ThursdayMar 20, 2008 1:21 pm

Silverstar Holdings, Ltd. (SSTR) Completes Convertible Debt Financing of $7.5 Million

Silverstar, an international publisher and developer of interactive entertainment software, has completed a $7.5 million four-year fixed interest secured convertible debenture. The Company will use about $3.9 million of the proceeds to complete the final earn-out payment for acquisition of Empire Interactive, a leading developer and publisher of interactive entertainment software games. Interest of 9% per annum is payable in cash or kind for the term of the loan subject to certain volume requirements. The conversion price is $1.20 per share and includes mandatory conversion provision at $2.40 per share or double the exercise price. The agreement also includes warrant…

ThursdayMar 20, 2008 1:13 pm

Oncology Med, Inc. (ONCO.PK) Executes Second Contract for New Branchytherapy Program

Oncology Med, Inc., a public company engaged in the fulfillment of services related to the treatment of various cancers, announced the execution of a second contract for its new Brachytherapy programs with an ambulatory surgical center located in the Northeastern U.S.. Brachytherapy is the treatment of prostate cancer through the implantation of radioactive seeds. The contract will add $300,000.00 in revenues over the next year, increasing the Company’s run rate by 15% over 12 months. “I’m extremely pleased with the execution of our second contract for our new prostate cancer brachytherapy program,” said Dr. William J. Walker, Chairman of Oncology…

ThursdayMar 20, 2008 1:07 pm

Lumera Corp. (LMRA) Signs $2.2 Million Contract with U.S. Air Force Research Laboratory

Lumera Corp. (NASDAQ: LMRA) today announced it has secured a $2.2 million contract with the U.S. Air Force Research Laboratory to fabricate low driving voltage, electric-optic modulators using Lumera’s organic polymers. Lumera designs electro-optic components based on its proprietary polymer compounds for the telecommunications and computing industries. The company’s wholly-owned subsidiary, Plexera Bioscience LLC, allows Lumera to engage in the life sciences market with tools, content and methods used to simplify and accelerate proteomic discovery for therapeutic antibodies as well as predictive biomarkers. “Current concepts of phased array radar and high-performance satellite systems require high-bandwidth electro-optic modulators with low driving…

ThursdayMar 20, 2008 11:51 am

Midway Games, Inc. (MWY) Tries to Rebound as Zucker Steps Down, Booty Takes the Helm

Midway Games, Inc. (MWY) announced Thursday that Matthew V. Booty will serve as interim chief executive and president when current Chief Executive David Zucker steps down. Booty, who has worked with Midway - a developer and publisher of interactive entertainment software - since 1991, served most recently as senior vice president of Worldwide Studios. The company’s board of directors says it is searching for a new president and CEO. “I look forward to helping Midway’s Board choose an outstanding new CEO and I am pleased that we already have some highly qualified candidates in mind,” said Sumner M. Redstone, CEO…

ThursdayMar 20, 2008 11:48 am

Angstrom Microsystems Inc. (AGMS.OB) Super Blade Servers are Perfect for Large Cluster Farm Installations

The company’s line of Super Blade servers offers a number of advantages and improvements over tradition Server systems, allowing customers to replace standard rack mount servers for optimum efficiency. These improvements are all provided at a lower cost than Standard rack mount servers. The Super Blade servers are designed specifically for Supercomputing and clustering deployments. Angstrom’s line of Super Blades provides a number of unique advancements to customers, the first being higher manufacturing and product design quality. These units also provide better cooling and have far less points of failure. Another advantage is their compatibility with standard components, which allows…

ThursdayMar 20, 2008 10:59 am

MyECheck, Inc. (MYEC.OB) Signs Agreement with Another Online Retailer

MyECheck recently added more online retailers to its Online Check Service, sending a vivid message to consumers that it is okay to pay by check online. The latest retailer to sign on is MySolitaire.com. MyECheck is a leading provider of alternative payment solutions to credit cards for brick & mortar, internet and mobile commerce. The Company’s patent pending software can debit every U.S. checking account, even accounts that ACH cannot debit. This solution allow companies to use the check payment alternative at a much lower cost than credit or debit cards, thus providing online merchants financial access to more consumers…

ThursdayMar 20, 2008 10:51 am

OTCPicks Featured Company: Fortress Financial Group, Inc. (FFGO.PK) Pursues Transition of Becoming a Consumer Finance Products Group

Fortress Financial Group, Inc. (OTC: FFGO) recently announced the active pursuit of its stated strategy, which is to become a broad-based consumer finance products group. Negotiations to facilitate this strategy are currently taking place with significant parties. Several acquisitions are expected to take place in the near future. The company has confirmed in-depth discussions regarding the acquisition of a small State Chartered Bank. With this acquisition, the company hopes to grow the profits from its domestic debit card program at a substantial rate, since the company - under the terms of the proposed agreement - would receive all profits from…

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