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MONOGRAM ENERGY INCORPORATED (OTC: MGRN | Quote | Chart | News | PowerRating) "The Rally Continues - up 50.00% on Wednesday & 33.33% in morning trading"
Detailed Quote: www.otcpicks.com/quotes/MGRN.php
Company Profile: www.otcpicks.com/monogram-energy/monogram-energy.htm
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN News:
July 29 - Monogram Energy, Inc. Addresses Shareholders
Monogram Energy, Inc. (OTC: MGRN | Quote | Chart | News | PowerRating) would like to update its shareholders on recent corporate events, in particular the activity relating to the Company's common stock. Monogram Energy wants to assure its stockholders that the Company shares their concerns regarding the recent price drop of the stock, and is doing everything in its power to halt the slide. Monogram's management is continuing to try and create shareholder value by acquiring wells, delivering oil produced by existing wells, and recognizing revenue. The Company continues its commitment to increase the production of existing and newly acquired wells.
Monogram's management realizes that not every stockholder is a long-term holder, but for those who are we ask that you request your shares in certificate form from your broker. Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated, "We feel it's important that our shareholders know that we are reviewing and analyzing all available sources to try and pinpoint the causes of the price decline of our stock, and that we are taking whatever steps we can to find a solution."
Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.
GENERAL AUTOMOTIVE COMPANY (OTCBB: GNAU)
Detailed Quote: http://www.otcpicks.com/quotes/GNAU.php
Company Profile: http://www.otcpicks.com/general-automotive/general-automotive-2.htm
General Automotive Company ("GAC") is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, visit www.generalautomotive.com.
GNAU News:
July 30 - General Automotive Announces High-Temperature Sealing System for Fuel Cell and Oxygen Sensor Applications
General Automotive Company (OTCBB: GNAU), a global provider of parts, accessories and advanced technology for the automotive industry, announced that its joint venture with SenCer Inc. has developed a high-temperature glass/ceramic sealing system for fuel cell and oxygen sensor applications. The development allows for thermal cycling of these devices and completely seals against free hydrogen gas molecules.
GA President and CEO Joseph DeFrancisci commented, "Our joint venture - focused on developing, commercializing and marketing UltraTemp(TM) ceramic composite materials - is hitting the ground running. We're pleased to be able to announce an important advance so quickly. When combined with our high-temperature composite technology, this system can provide complete hermetic sealing of advanced solid oxide fuel cells and oxygen sensors at a low cost."
David Burt, President of SenCer and Chief Technology Officer of the joint venture, explained, "The development is an extension of a core glass developed at Los Alamos National Laboratory for space-based atmospheric re-entry. In addition to the Lab's core national security mission, its work advances many other fields such as materials science. By building on the Lab's years of research, we can accelerate the development of commercial solutions for these complex problems."
General Automotive and SenCer recently formed a joint venture - Advanced Composite Technology, LLC (ACT) - to develop, commercialize and market SenCer's groundbreaking UltraTemp(TM) ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. The joint venture is also intended to advance the development of next-generation oxygen sensors, which represent a significant part of GA's current business.
ACT's groundbreaking technology solves the two most persistent problems in fuel cell design - cost and durability - by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. Hydrogen-powered fuel cells are widely viewed as a potential solution for higher energy prices and environmentally damaging emissions. The technology will also enable the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions.
ABOUT SENCER INC.
Established in 1996, SenCer Inc. is a technology research firm that has developed a ceramic composite material, UltraTemp, with remarkable thermal properties and bonding capabilities. The new technology has applications in oxygen sensing (automotive and medical markets); oxygen generation (aluminum - inert anodes, gas generation, medical); and power generation (fuel cell technology). SenCer has been a behind-the-scenes player in many developments using ceramic composites. It maintains a 20,000 square foot manufacturing facility in Penn Yan, NY.
IFINIX CORPORTAION (OTC: INIX | Quote | Chart | News | PowerRating) "Up 23.08% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/INIX.php
iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit www.iFinix.com for more information.
INIX News:
July 31 - iFinix Corp. Finalizes Acquisition of Futures and Options Firm
Acquisition Expands iFinix's Product Offerings, Brand Awareness
iFinix Corp (OTC: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today it has finalized the acquisition of 80% of privately held ProActive Futures, Plainview, NY, a futures and options brokerage firm.
Operating under the name of iFinix Futures as a subsidiary of iFinix, this full-service futures and option brokerage firm specializes in trading commodity futures. It offers access to major futures and commodities exchanges and markets across the world. The new entity will be the beginning of a new phase in iFinix's future goals. It will bring to the company additional revenue, and will provide a proving ground for additions and enhancements to iFinix's product line. iFinix plans to file an 8K with the proper agencies regarding the acquisition. iFinix also holds a note to acquire the balance of 20% within the next 12 months. Expansion of existing business will be the primary focus of iFinix futures for the remainder of the year.
Benhope Munroe, CEO, CFO, said, "We are excited that we have completed this acquisition that will increase the revenue stream of iFinix. This is just one, in a line of steps, to fulfill our milestones set for the year we have promised to our shareholders."
Jeffery Ramson, President of ProActive Futures said, "I am very happy, on behalf of Pro-Active Futures, to complete this deal and to work with iFinix. I feel that their acquisition of pro-Active Futures will substantially support the achievement of our goals for future expansion and growth. Their technology and our client base provide a mutually beneficial environment for dynamic growth for both entities."
ABOUT PROACTIVE FUTURES
ProActive Futures, based in Plainview, NY, is a full service futures and options brokerage firm that provides professional services to individuals, fund managers and institutions who require leading edge technology to satisfy their trading needs. ProActive Futures offers trading services in Bonds & Interest Rate futures, Currencies, as well as precious metals, energy products and various other commodities. The firm provides trading access to major markets and exchanges across the world including, CME, CBOT, CBOT, NYMEX, EUREX, LIFFE, COMEX, NYBOT. For more information, visit www.proactivefutures.com.
O2MICRO INTERNATIONAL LIMITED (NASDAQ: OIIM | Quote | Chart | News | PowerRating) "Up 14.11% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/OIIM.php
Founded in April 1995, O2Micro develops and markets innovative power management, and security components and systems for the Computer, Consumer, Industrial, and Communications markets. Products include Intelligent Lighting, Battery Management, Power Management, SmartCardBus and Security products, such as VPN/Firewall system solutions. O2Micro International maintains an extensive portfolio of intellectual property with 10,001 patent claims granted, and over 12,000 more pending. The company maintains offices worldwide. Additional company and product information can be found on the company website at www.o2micro.com.
OIIM News:
July 30 - O2Micro Reports Second Quarter Financial Results
O2Micro International Limited (Nasdaq: OIIM | Quote | Chart | News | PowerRating) (SEHK: 0457), a leading supplier of innovative power management, and security components and systems, reported its financial results for the second quarter of fiscal 2008 and six months ending June 30, 2008.
Financial results for the second quarter ending 6/30/2008:
1) Net sales for the second quarter of 2008 were $40.8 million, an increase of 8.6% from the preceding quarter, and up 6.8% from the second quarter of the prior year. The GAAP gross margin on net sales was 58.2% in the second quarter, which was similar to 58.5% in the preceding quarter, and up from 56.7% from the second quarter of the prior year.
2) The Company recorded a GAAP operating margin of 11.1% in the second quarter. Research and Development (R&D) expenditures were $9.5 million, or 23.2% of net sales including $288,000 of stock-based compensation. SG&A expenses were $9.7 million, or 23.9% of net sales, including $433,000 of stock-based compensation.
3) GAAP Net Income for the second quarter of 2008 was $4.4 million or 12 cents per American Depositary Share (ADS).
Financial results for the six months ending 6/30/2008:
A) Net sales for the six months ending June 30, 2008 were $78.3 million, an increase of 7.0% from the prior year. The GAAP gross margin on net sales was 58.3% in the first half of fiscal 2008, up from 55.7% in the first half of fiscal 2007.
B) The Company recorded a GAAP operating margin of 8.6% for the first half of fiscal 2008. This compares with a GAAP operating margin of 7.1% in the first six months of fiscal 2007. For the first six months of fiscal 2008, R&D expenditures were $19.2 million, or 24.5% of net sales, including $546,000 of stock-based compensation; SG&A expenses were $21.8 million for the same period, or 27.8% of net sales, including $848,000 of stock-based compensation.
C) GAAP Net Income for the first half of fiscals 2007 and 2008 was $5.8 million and $6.6 million, respectively. GAAP Net Income per fully diluted ADS rose from 15 cents in the first six months of fiscal 2007 to 17 cents in the comparable period of fiscal 2008. GAAP Net Income increased by 13% during the first half of fiscal 2008 when compared with the first half of 2007 and GAAP Net Income per fully diluted ADS increased by 15% for the same periodic comparison.
Supplementary Data
As of June 30, 2008, O2Micro had unrestricted cash and short-term investments of $82.6 million, or $2.19 per ADS. Net accounts receivable was $26.8 million, and there were 57 days sales outstanding in accounts receivable at the end of the second quarter of 2008. Inventory was $20.7 million and turned over 3.2 times in the same quarterly period.
As of June 30, 2008, O2Micro's headcount consisted of 1,063 employees, including 608 people working in R&D. This headcount was approximately flat with 1,075 employees at the end of the first quarter of 2008.
Management Commentary
Sterling Du, Chairman and CEO, commented, "During these challenging economic times, we are continuing to grow because O2Micro is bringing great new products to the market." Mr. Du continued, "Our newest products are building momentum and we look forward to increasing contributions from our Security, DC/DC, and battery lines in the coming quarters."
MEMORY PHARMACEUTICALS CORPORATION (NASDAQ: MEMY | Quote | Chart | News | PowerRating) "Up 11.90% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MEMY.php Memory Pharmaceuticals Corp., a biopharmaceutical company, focuses on the discovery and development of drug candidates for the treatment of central nervous system conditions. It offers drugs for neurological diseases associated with aging, such as Alzheimer's disease, as well as psychiatric disorders, such as schizophrenia, cognitive impairment associated with schizophrenia (CIAS), and depression. The company's products include MEM 1003, a neuronal L-type calcium channel modulator that is in phase II clinical trials for the treatment of Alzheimer's disease and bipolar disorder; and nicotinic alpha-7 agonists, including MEM 3454, a phase IIa clinical trial product and MEM 63908, a phase I clinical trial product for the treatment of Alzheimer's disease and CIAS. Its products also comprise PDE4 inhibitors, including MEM 1414, a phase I clinical trial program, as well as MEM 1917 for CNS disorders and depression; PDE10 Inhibitor program; and 5-HT6 Antagonists for the treatment of Alzheimer's disease, schizophrenia, attention deficit disorder, and obesity. The company has collaborations with F. Hoffman-La Roche, Ltd. for the development of nicotinic alpha-7 agonists; and Amgen, Inc. for the development of PDE10 inhibitors. In addition, it has a development agreement with The Stanley Medical Research Institute to develop MEM 1003 as a treatment for bipolar disorder. The company was founded in 1997 and is based in Montvale, New Jersey.
MEMY News:
July 30 - Memory Pharmaceuticals Presents Positive Preclinical Data for MEM 68626 at ICAD 2008
Memory Pharmaceuticals Corp. (Nasdaq: MEMY | Quote | Chart | News | PowerRating) presented preclinical data for MEM 68626, its lead 5-HT6 antagonist drug candidate, at the 2008 Alzheimer's Association International Conference on Alzheimer's Disease (ICAD) in Chicago. The results demonstrate that MEM 68626 is effective in models of cognition that are considered predictive of efficacy in Alzheimer's disease and mild cognitive impairment (MCI). In addition, the data suggests the potential for once-daily oral dosing with a favorable safety and toxicology profile.
"We are extremely pleased with the data emerging from our proprietary 5- HT6 antagonist program. MEM 68626 produces a robust effect in key models of cognition with a favorable safety and pharmacokinetic profile, providing a strong rationale for clinical development in a cognition indication," stated Vaughn M. Kailian, President and Chief Executive Officer of Memory Pharmaceuticals. "We look forward to advancing this program into the clinic by year-end."
The results were presented in a poster titled "Characterization of serotonin 5-HT6 receptor antagonists as putative drugs for age-related mild cognitive impairment and Alzheimer's disease." The data included the following:
* MEM 68626 significantly enhanced object recognition in young rats, demonstrating improvements in both acquisition and consolidation memory processes in a model of episodic memory.
* In a model of spatial reference memory, MEM 68626 restored cognitive function in aged-impaired rats, and this effect was maintained with longer- term dosing.
* The data suggests that MEM 68626 was active in the cortical and hippocampal areas of the brain, critical regions that are compromised in Alzheimer's disease and MCI.
* Pharmacokinetic studies of MEM 68626 demonstrated that the compound achieved plasma and brain exposure levels sufficient for once-a-day dosing.
Memory Pharmaceuticals also presented a poster titled "Working Memory Deficits in rTg4510 Tau Transgenic Mice," which was selected as a "Hot Topics" presentation.
ABOUT MEM 68626
MEM 68626 is a novel, potent and selective antagonist of the 5-HT6 receptor, a validated target for the treatment of cognitive disorders. The compound has demonstrated efficacy in multiple preclinical models of cognition and obesity and has a favorable safety and toxicology profile in animal studies. MEM 68626 is the lead compound in Memory Pharmaceuticals' 5-HT6 antagonist program.
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