OTCPicks.com: OTCPicks.com Stocks to Watch for Thursday, June 19th MEDE, SFMI, GGLB, MTMC, FFLT, SPBU

Thu. June 19, 2008; Posted: 05:39 AM

Visit http://www.otcpicks.com to register for our Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts.

MEDECISION INCORPORATED (NASDAQ: MEDE | Quote | Chart | News | PowerRating) "Up 287.13% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/MEDE.php

MEDecision offers collaborative health care management solutions that provide a simplified and smart way to manage the health of members and member populations which can improve the quality and affordability of care. Based on state-of-the-art technology, MEDecision's solutions include Alineo, a collaborative health care management platform for managing case, disease and utilization management and Nexalign, a collaborative health care information exchange service. MEDecision believes that, in the aggregate, its health care payer customers insure or manage care for approximately one in every six people in the U.S. with health insurance.

MEDE News:

June 18 - MEDecision to be Acquired by Health Care Service Corporation

MEDecision to operate independently and continue to pursue focus on development, execution and customers

MEDecision, Inc. (NASDAQ: MEDE), a leading provider of collaborative health care management solutions, announced that it has reached a merger agreement pursuant to which Health Care Service Corporation (HCSC), which operates Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas, will acquire all of the outstanding shares of MEDecision common stock for $7.00 per share in cash. The transaction is valued at approximately $121 million, including consideration paid to holders of outstanding options and warrants.

Subsequent to the completion of the acquisition, MEDecision will remain an independent company dedicated to the needs of all health plans and will maintain its own brand identity. The company will continue to pursue development and implementation of its Alineo and Nexalign collaborative health care management solutions. Moreover, the transaction will strengthen MEDecision's ability to provide market-leading services to the country's leading health plans.

The Boards of Directors of both companies have unanimously approved the transaction. Additionally, holders of approximately 45% of the outstanding MEDecision common stock have entered into agreements with HCSC to vote in favor of the transaction. Closing of the transaction is expected late in the third quarter or early in the fourth quarter of 2008, subject to approval by MEDecision shareholders and customary regulatory and other conditions. MEDecision was advised on the transaction by Lazard.

"This transaction will deliver substantial current value to our shareholders and is a significant milestone for MEDecision and a very positive step forward in our evolution as a company," said MEDecision Founder and Chief Executive Officer David St.Clair. "It underscores the strength of our collaborative health care management solutions, Alineo and Nexalign. It also validates our vision of the health care industry and will enable us to further expand our technology development and strengthen our focus on customer service and satisfaction."

"HCSC is committed to promoting accessible, cost-effective, quality health care through innovation and collaboration," said Pat Hemingway Hall, President and Chief Operating Officer of Health Care Service Corporation. "We are excited about joining forces with MEDecision who for two decades has demonstrated this same commitment to improving overall health outcomes with creative solutions that foster collaborative relationships between patients, payers and providers."

ABOUT HCSC

Health Care Service Corporation, a Mutual Legal Reserve Company, is the largest customer-owned health insurer in the United States and the fourth largest health insurer in the country overall, with 12.4 million members in its Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas. The company is an independent licensee of the Blue Cross and Blue Shield Association. HCSC also has a rating of AA- (Very Strong) from Standard and Poor's, Aa3 (Excellent) from Moody's and A+ (Superior) from A.M. Best Company.

SILVER FALCON MINING INCORPORATED (OTC: SFMI | Quote | Chart | News | PowerRating) "Up 75.00% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/SFMI.php

Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. For further information, visit www.silverfalconmining.com.

SFMI News:

June 17 - Silver Falcon Mining (SFMI) Reports on Road and Pending Assays

Silver Falcon Mining, Inc. (OTC: SFMI | Quote | Chart | News | PowerRating) announced that agreements have been reached with a local contractor to undertake the grading and leveling of the access roads on the mountain to repair ruts and other damage done during the latest snow melt. Transport of the tailings from the mountain to the mill should follow in a timely fashion. Approval from the Owyhee County (Idaho) Commissioners and the Owyhee County Road Department granting access and use by heavy trucks on the main county road to War Eagle Mountain has already been obtained.

The county road, "Silver City Road," is the main highway to both the mountain and the historic mining town of "Silver City," and is used mainly by tourists and off-road enthusiasts during the summer and fall, while closed during the winter months due to snow. Some additional permits are required by the Federal Bureau of Land Management for rights-of-way to War Eagle Mountain across Federal land; these permits and regulatory requirements are currently pending.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc. said, "Now that the roads are open all the way to our mines, a fresh quantity of ore from the tailings has been collected and sent to our independent lab in Canada and we await result of a complete analysis to include all rare metals (AU, AG, PT, PD, RH, TC, RU, RE, OS, IR), possibly present in quantities."

GREEN GLOBE INTERNATIONAL (OTCBB: GGLB | Quote | Chart | News | PowerRating) "Up 62.50% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/GGLB.php

Green Globe International, Inc., through its subsidiaries, engages in the travel, tourism, and related green businesses worldwide. The company offers Voyager Network travel distribution platform providing direct access to reservation systems of various travel suppliers, including airlines, cruise lines, hotels, car rental companies, and providers of other travel amenities worldwide. It searches for availability and price for the itinerary suggested by the buyer over various direct connected suppliers and global distribution systems; and presents the aggregated result in the format preferred by the buyer. The company, formerly known as GTREX Capital, Inc., was incorporated in 1999 and is based in Murrieta, California.

GGLB News:

June 18 - Green Globe International, Inc. Announces Strategic Alliance Agreement With MCI for Meeting and Events Industry

Green Globe International, Inc. (OTCBB: GGLB), which owns the Green Globe brand, the premier international green brand focused on sustainability and carbon neutrality programs, announced an agreement with MCI, the foremost global association, communications and event management company.

Under the strategic alliance agreement the two companies will provide sustainability consultancy services to meeting facilities and destinations that are compelled to improve the environmental and financial performance of their operations through the integration of sustainable business principles.

MCI's Sustainable Services division will work closely with the Green Globe team to implement practical solutions based on the Green Globe standards and MCI's MeetGreen(SM) program. MeetGreen(SM) is a set of tools and certifications that give guidance and benchmarking for green meetings.

Green Globe is the only international benchmarking and certification program based on the UN's Agenda 21 principles. It provides a framework for environmental and social performance improvement through independent third party verification. The Green Globe standards include measurement of scientifically verifiable indicators including energy, water, and waste.

The consulting projects will use the MCI four-stage implementation methodology covering: strategy and vision, stakeholder engagement, operational implementation and innovation. Within this framework, MCI and Green Globe will support venues and destinations to achieve and then market their Green Globe certification.

Green Globe International will provide expert consultants who are qualified in assessing existing sustainable practices, training customers in the methods of gathering and reporting data, and communicating sustainable credentials via web based services.

Guy Bigwood, MCI Sustainability Director, commented, "As sustainability increasingly becomes a key driver for decision makers in corporations and associations, meeting planners are in need of forward thinking venues and destinations that can deliver on expectations for environmental responsibility and green meeting standards. Within this framework, measurement, benchmarking and certification have become vital ingredients. Green Globe provides the leading globally recognised standards and benchmarking system."

Steven R. Peacock, Green Globe International CEO, stated, "MCI provides an effective channel for introducing our scientifically based standards and sustainability solutions to the meetings and events world. As a leader in the industry, MCI has already established it green credentials through a very well-developed Corporate Social Responsibility strategy, which includes the sustainable event framework, and their membership and leadership position in the Green Meeting Industry Council. By aligning with MCI, we look forward to Green Globe having significant opportunities to apply our sustainability and carbon neutrality programs to meeting and event venues and destinations."

The World Travel and Tourism Council (WTTC) established Green Globe in 1992 as a response to the United Nations Rio de Janeiro Earth Summit, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development. Green Globe is the only international benchmarking and certification program based on Agenda 21 principles. It provides a framework for environmental and social performance improvement through independent third party verification.

ABOUT MCI

Founded in 1987 and with offices in 25 cities around the world, MCI is the leading global Association, Communications and Event Management Company. The Sustainability Services business unit is dedicated to helping companies, associations, governments and tourism departments define their sustainability meeting strategy, develop leadership commitment, engage and motivate stakeholders, implement communications strategies and operational processes. The consulting expertise is reinforced by a suite of tools and measurement processes to help clients manage their carbon and ecological footprint, and reduce operational costs. MCI license and use the MeetGreen(SM) platform from Meeting Strategies Worldwide.

MTM TECHNOLOGIES INCORPORATED (NASDAQ: MTMC | Quote | Chart | News | PowerRating) "Up 49.66% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/MTMC.php

MTM Technologies, Inc. provides information technology solutions, including access, convergence, consolidation, virtualization, and managed services in the United States. Its access solutions offer its clients access to various corporate applications and information from remote locations using wired and wireless technologies. The company's convergence solutions provide the ability to combine voice, data, and video content on a common network, offering a platform for business communications. MTM Technologies' consolidation solutions provide the ability to streamline IT infrastructure by consolidating operating systems, applications, and storage into scalable systems. The consolidation solutions combine server and storage consolidation, application centralization, data management and migration, and disaster recovery services. The company's virtualization solutions provide its clients the ability to separate applications, operating systems, and storage from physical hardware enabling a flexible, scalable, and fault-tolerant IT infrastructure. MTM Technologies also provides a suite of IT professional services, such as design, consulting, implementation, and support services in six areas, including systems, networks, Internet protocol telephony, storage, security, and facilities and cabling. Further, the company offers managed services, such as remote monitoring and management, hosting, remote support, remote helpdesk, and IT outsourcing. It serves middle market corporations; municipal, state, and federal government agencies; divisions of Global 2000 corporations; and educational, financial, and health-care institutions. The company was founded in 1986 and is based in Stamford, Connecticut.

MTMC News:

June 18 - MTM Technologies Receives $6.5 million in Funding from Current Lender and Investors

* Investors Pequot and Constellation lend a combined $3.5 million

* Columbia Partners increases its debt facility by $3.0 million

* EBITDA positive for Full Fiscal Year ended March 31, 2008; an $18 million EBITDA improvement over Fiscal Year 2007

* Reverse Stock Split expected to be effective June 26, 2008

MTM Technologies, Inc. (NASDAQ: MTMC), a leading national provider of innovative IT solutions and services to Global 2000 and mid-size companies, announced that it has received $6.5 million in additional funding to improve its working capital position.

Columbia Partners LLC, MTM's existing secured debt facility lender, increased the existing debt amount by lending an additional $3.0 million. Columbia also agreed to ease certain financial covenants on a temporary basis. MTM Technologies agreed to increase the interest rate due upon repayment of the principal as part of the new loan agreement.

MTM's existing investors, Pequot Ventures and Constellation Ventures, agreed to loan MTM a combined $3.5 million with $3.0 million from Pequot and $0.5 million from Constellation. Principal and interest are due in December 2009, with interest payable in cash or preferred stock at MTM Technologies' option. As part of the loan agreement, Pequot and Constellation will receive 797,849 warrants and 129,032 warrants respectively to purchase shares of preferred stock at an exercise price range between $0.375 and $0.3875. Pequot also agreed to modify the existing MTM notes, executed in February and amended in March 2008 totaling $2.5 million, to extend the date by which principal and interest is due to December 2009.

MTM Technologies' credit facility lender, GE CDF, also modified its agreement to ease certain financial covenants on a temporary basis and to allow MTM to proceed with the new funding.

Steve Stringer, President and COO stated, "Our relationship with our investors and lenders is a key component of our business. We believe the additional financing and modifications in agreement terms by Columbia, GE CDF and our investors demonstrate their belief in our business model and will help us enhance our customer and vendor confidence."

As previously announced, MTM expects to report financial results for its fourth fiscal quarter and full year 2008 ended March 31, 2008, after U.S. financial markets close on Monday, June 23, 2008, and will host an earnings conference call on Tuesday, June 24, 2008, at 9:00 a.m. Eastern Time (ET) to discuss the financial results. In advance of this release and call, the Company reported today that EBITDA for the fourth fiscal quarter ended March 31, 2008 was a positive $253 thousand as compared to a loss of $6.1 million in the fourth quarter of fiscal 2007. EBITDA for the fiscal year ended March 31, 2008 was a positive $3.8 million as compared to a loss of $14.5 million in fiscal 2007.

"We are extremely pleased with our positive EBITDA turnaround of $18 million for fiscal year 2008 and we continue to work hard to manage our costs. In this regard, we recently took a proactive initiative during the first quarter of fiscal year 2009 to reduce expenses by approximately $4 million. This coupled with the earlier cost reduction should result in a reduction of approximately $8 million of SG&A costs," said Jay Braukman, Senior Vice President and Chief Financial Officer.

MTM Technologies' expects the previously announced one for fifteen reverse stock split to be effective on June 26, 2008. The Company believes an increase in the Company's stock price and the additional investments should generate investor interest, assist in attracting and retaining employees, and improve the Company's prospects with customers and vendors.

As previously reported, MTM appealed the NASDAQ staff delisting determination by requesting a hearing before a NASDAQ Listing Qualifications Panel. MTM will request time for the reverse stock split to be completed and take effect to increase the Company's stock price above the minimum bid price of $1.00 per share for the required time period. The hearing before the NASDAQ Panel is scheduled for July 10, 2008.

For more details on the additional funding terms please refer to the Form 8-K filed by the Company on June 17, 2008.

FIRSTFLIGHT INCORPORATED (OTCBB: FFLT | Quote | Chart | News | PowerRating) "Up 36.36% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/FFLT.php

FirstFlight, Inc., through it subsidiaries, engages in aircraft charter management, fixed base operations (FBO), and aircraft maintenance activities in the United States. The company offers aircraft charter management serves, including on-call passenger air transportation services; and repair services for both managed and non-managed aircraft, as well as specialty services on aircraft brakes and wheels. It also provides fixed based operation services comprising fueling and hangaring for general aviation, commercial, and military aircraft, as well as involves in the management of a non-owned FBO facility; and operation of a flight school. The company, was formerly known as FBO Air, Inc., was founded in 2003 and is based in Horseheads, New York.

FFLT News:

June 18 - FirstFlight Adds Gulfstream GIV in Florida

FirstFlight, Inc. (OTCBB: FFLT | Quote | Chart | News | PowerRating) a charter management and aviation services company, announced a Gulfstream GIV has joined its fleet of managed aircraft.

This aircraft, based in Ocala, follows the recent announcement of a G550 in West Palm Beach, both of which complement our already existing fleet in Florida that include a G500 in the Miami area. This ongoing concentration of aircraft is consistent with FirstFlight's stated goal of further penetrating the strategic market that Florida and the Southeast United States represents.

The newly added GIV is configured for 14 passengers. The aircraft performs well on both intercontinental and cross-country trips with a range exceeding 4,800 miles at speeds up to 575 mph. Recently refurbished, this aircraft has an exceptional array of passenger amenities that make it very attractive for charter. Selected features include an extended credenza, full forward refreshment center, a comprehensive entertainment center with dual Rockwell Collins DVD, ten stack changer, Airshow and number of custom design features (including additional a "super- soundproofing" kit) to maximize passenger comfort, and a full, custom-designed aft lavatory.

"We welcome this exceptionally well-appointed GIV to our fleet," stated John Dow, FirstFlight's president and CEO. "Great attention to detail went into the selection of the interior features to make it a highly desirable charter aircraft. We are pleased with the new additions to our fleet this year and have an excellent balance between our large- and mid-sized jet equipment."

FirstFlight is one of the leading Gulfstream operators in the Northeast and has a growing presence in the Southeast. In addition to the Gulfstreams, the Company provides charter and management services for Challenger, Falcon, Hawker, Lear and other executive jet aircraft. Visit the FirstFlight website at www.fflt.com for more details on the Company and its fleet.

SPARE BACKUP INCORPORATED (OTCBB: SPBU | Quote | Chart | News | PowerRating) "Up 28.00% on Wednesday"

Detailed Quote: http://www.otcpicks.com/quotes/SPBU.php

Spare Backup, Inc., through its subsidiaries, engages in the development and marketing of online backup solutions software and services to individuals, business professionals, small office and home office companies, and small to medium sized businesses in the United States and internationally. Its products include Spare Backup, an automated remote-backup solution and online backup service, which is designed and developed for the small office or home environment to back up data on laptop or desktop computers; and Spare Switch, a personal computer data migration software that enables users to complete the transfer of personal files from an old PC to a new PC via a high speed Internet. The company sells its products directly to the customer via its Web site for online distribution, as well as through retail stores. Spare Backup, Inc. was founded in 2002 and is headquartered in Palm Desert, California.

SPBU News:

June 18 - Spare Backup Announces Business Outlook For the Remainder of 2008 and For Calendar 2009

Projects 2009 Revenues of $16-$24 Million

Spare Backup, Inc. (OTCBB: SPBU), an industry leading provider of automated, online backup applications for home users and small businesses, is announcing their business outlook for the remainder of 2008 and for calendar 2009.

Cery Perle, CEO of Spare Backup, stated, "Recent OEM agreements call for Spare Backup to be bundled with the sale of a computer's. Conservative estimates of the number of customers who will deploy the Spare Backup software, leads us to believe that the Company will reach an inflection point in its financial performance that could result in substantial revenue growth as early as the fourth quarter of the current fiscal year and a dramatic increase in both earnings and revenues in fiscal 2009. We are very confident that we are at the cusp of significant long term growth and as a result the company is now comfortable giving revenue guidance for the 2008 and 2009. With the contracts on hand, Perle sees 2008 revenues at $3-$6 million and 2009 revenues in the range of $16-$24 million. In addition, there are several other projects, channels and pilots, that could represent more upside potential to these numbers."

ABOUT OTCPICKS.COM

OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our web site or in our daily Newsletter or Market Mover's Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE: The OTCPicks.com employees are NOT Registered as an Investment Advisor in any jurisdiction whatsoever.

Release of Liability: Through use of this website viewing or using you agree to hold OTCPicks.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. OTCPicks.com has not been compensated by any of the companies covered in this release. For a complete list of disclosures go to http://www.otcpicks.com/disclosure-details.htm. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCPicks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCPicks.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTCPicks.com and its affiliates are not registered investment advisors or a broker dealers. OTCPicks.com has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. OTCPicks.com also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTCPicks.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCPicks.com. OTCPicks.com owners may or may not hold positions in the companies that are profiled.

The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.

Third Party Web Sites and Information:

OTCPicks.com and newsletter may provide hyperlinks to third party websites or access to third party content. OTCPicks.com does not control, endorse, or guarantee content found in such sites. You agree that OTCPicks.com is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that OTCPicks.com shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only.

CONTACT: Brian Dean, Publisher, OTCPicks.com Tel: +1 972 546 3740 e-mail: publisher@otcpicks.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details for FFLT click here.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index