OTCPicks.com: OTCPicks.com Stocks to Watch for Wednesday, August 20th GZGT, TCLT, RBDC, INRB, CHTL, VION

Wed. August 20, 2008; Posted: 04:13 AM

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GUANGZHOU GLOBAL TELECOM INCORPORATED (OTCBB: GZGT | Quote | Chart | News | PowerRating) "Up 133.33% on Tuesday"

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

Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre- paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores. For details, please visit our website at www.guangzhouglobaltelecom.com.

GZGT News:

August 19 - Guangzhou Global Telecom Review 2008 2Q Results

Guangzhou Global Telecom Inc. (OTCBB: GZGT), a mobile phone handset, pre-paid calling card distributor and provider of value-added mobile services in the PRC, reported $8,745,541 in 2nd Quarter revenues as compared to $4,789,850 during the same period ended in 2007, representing an increase of $3,955,691 or 83%. Revenues for this year were $16,417,968 as compared to $8,552,268 for the same period in 2007, a jump of almost 100% and a clear indicator of the company's ongoing market expansion.

Gross profit increased from $265,248 during the three months ended June 30 2007 to $848,458 in the same period of 2008. The increase of gross profit is mainly generated from the increased revenue. Meanwhile, the gross margin saw a marked improvement from 6% during the quarter ended June 30, 2007 to 10%. Continued focus and initiatives on sales expansion, together with certain rebates, contributed to the higher margins.

General and administrative expenses were $254,091 as compared to $223,105 for the same period ended in 2007, an increase of 15%. The increase is consistent with the expansion in operations.

Operating profit of $594,367 was recorded during the three months ended March 31, 2008, as compared to a gain of $42,143 during the same period in 2007. The steep increase was the result of improved revenues, gross margins, management policies and programmes put in place.

Interest expenses of $59,320 during the three months ended June 30, 2008, which mainly included the interest payment of convertible debt.

Net gain of $502,355 was recorded during the three months ended June 30, 2008, as compared to a profit of $16,122 during the same period in 2007. The year-on-year performance saw an increase of $57,062 from $28,536 to $85,598. The strong profit gain for Q2 helped offset losses in Q1.

The company's rapid expansion in different regions of China benefited the quarter's data revenue and profit growth and this growth will stay for the year. The focus will not only be on expansion, but also measures such as cost reduction and retaining market presence. The company is constantly seeking to enlarge its customer base and network, placing extra importance on the growing affluence of the middle class in China. The six months of 2008 added more than 45 million mobile subscribers, based on government data. This growth figure continues to be the main driver behind the company's rapid expansion in China.

''Considering this more challenging operating environment, we have fulfilled expectations with our improved financial figures in Q2. We will continue to see strong growth across the set of financial data for the year and our management has developed strategic plans for the mid-long term in facing with rising costs. As 3G technology begins to enter the market, we will experience a new trend in mobile phones usage. This is a new market segment which we are looking at and the recent acquisition of Guangzhou Ren Wo Xing not only provides an equipped platform, it also enlarges our mobile communications market presence in the Guangdong province. Our outlook for the mobile industry remains positive and Guangzhou Global Telecom will look to continue and improve on this quarter's performance,'' commented CEO Li Yankuan.

TECHALT INCORPORATED (OTC: TCLT | Quote | Chart | News | PowerRating) "Up 100.00% on Tuesday"

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

Techalt is a public holding company dedicated to pursuing acquisition, licensing and financing opportunities with start-up and mid-stage companies. Techalt focuses on companies with innovative or alternative technologies, particularly in the software, communications, environmental and health and wellness sectors.

TCLT News:

August 18 - Techalt, Inc. Receives Letter of Intent to Partner with Cascadia Industries Incorporated

Techalt, Inc. (OTC: TCLT | Quote | Chart | News | PowerRating) ("Techalt" or the "Company") announced that it has commenced negotiations to partner with Cascadia Industries Incorporated ("Cascadia"). The Company received a signed letter of intent from Cascadia outlining a proposed stock purchase agreement by the Company. David Moore, president of Techalt, stated, "We're extremely excited to enter the expanding 'green' building marketplace with Cascadia by providing it with the financing needed to continue developing their 'green' ventilation products."

Techalt has arranged sufficient financing to meet its obligations pursuant to the proposed stock purchase agreement. Cascadia intends to use the proceeds from the proposed stock purchase agreement to enhance manufacturing, marketing and distribution efforts both domestically and internationally.

The definitive stock purchase agreement is expected to be executed before August 29, 2008.

ABOUT CASCADIA INDUSTRIES INCORPORATED

Cascadia Industries Incorporated ("Cascadia") is a Nevada corporation which designs, manufactures and sells ventilation products. Danse Manufacturing Corporation ("Danse") and Jodaco, Inc. ("Jodaco") are wholly-owned subsidiaries of Cascadia. Currently, Jodaco and Danse supply two major shingle companies under private label arrangements. The products are sold through conventional distribution channels, utilizing both one and two step distributors. The Company has enjoyed success for the past 18 years by providing innovative, "green" products to the marketplace and will continue to do so in order to support the Company's base revenue stream.

RBID.COM INCORPORATED (OTC: RBDC | Quote | Chart | News | PowerRating) "Up 50.00% on Tuesday"

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

RBID.com, Inc. (www.rbid.com) is a financial IT and marketing company. RBID also facilitates the acquisition, commercialization, promotion and protection of both emerging patented and/or proprietary technologies. RBID.com, Inc has the exclusive US and European licensing and distribution rights to the home budgeting software, Simply Budgets (www.simplybudgets.com).

RBDC News:

August 19 - RBID.com, Inc. Forges Strategic Partnership With Leverage Inc.

RBID to Obtain Significant Percentage of Leverage's Capital Stock

RBID.com Inc. (OTC: RBDC | Quote | Chart | News | PowerRating) President and CEO Mr. Alan Rothman announced a strategic relationship with Leverage Inc. Leverage is an innovative marketing technology company that provides a patent-pending, free web application, supplying its members with the tools they need to add value to their consumer experiences. Under the terms of the deal, RBID has secured the right to acquire up to twenty-five percent of Leverage's capital stock. RBID's ownership interest in Leverage is expected to provide RBID shareholders with the opportunity to benefit from the exponential growth of Leverage in the coming years.

Rothman, said, "I am very excited about our deal with Leverage Inc. The company is fast emerging as a market leader in providing gift card services, including selling gift cards on behalf of major retailers, helping consumers track their gift card balances, and providing Leverage members with a community where they can swap their unwanted gift cards. I believe an ownership interest in Leverage will prove an extremely lucrative transaction for RBID and its shareholders."

Leverage's proprietary applications also provide a dashboard view of loyalty points and miles that consumers earn through their various retailer rewards programs. A highlight of the Leverage service is its Transparent Targeting technology which enables highly targeted offers and savings to be presented to each Leverage user in a 100% non-interruptive way based on anonymous user information and feedback.

"We are excited about our deal with RBID because it provides us with the necessary working capital to continue the rapid growth of our user base and the development of our best-in-class technology," says Mark Edward Roberts, CEO of Leverage Inc. "Leverage is also looking forward to drawing on the business and technical expertise of RBID's principals to further strengthen our position in the market."

ABOUT LEVERAGE INC.

Leverage Inc. provides a free personal web application for users to manage their offers and savings, gift cards, and loyalty/rewards programs online. Leverage customers have access to a single application that allows them to purchase, track and exchange gift cards, earn interest on gift card balances with complimentary bankruptcy insurance, manage loyalty and reward programs, and receive highly targeted offers and savings from retailers. Furthermore, Leverage allows businesses to deliver offers and marketing messages in a non-interruptive and completely transparent way at the very moment customers are preparing to shop. Privately held and based in Irvine, California, Leverage Inc. can be found at www.LeverageCard.com.

INDUSTRIAL RUBBER PRODUCTS INCORPORATED (OTC: INRB | Quote | Chart | News | PowerRating) "Up 45.71% on Tuesday"

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

Founded in 1957, Industrial Rubber Products is a leading designer, producer, and applicator of elastomeric protective coatings for pipelines and other equipment used in demanding industrial applications. It serves U.S. and international customers in the energy, mining, aggregates, and other end markets. The company attracts and maintains strong customer relationships by utilizing proprietary compounds and manufacturing processes to create unique product solutions with performance and economic attributes superior to substitute products. Since the launch in late 2006 of the company's patent- pending IRACORE(TM) Pipe System, IRACORE has become the technology-leading pipe system for the fast growing oil sands industry in Canada and is beginning to penetrate other end markets.

INRB News:

August 19 - Industrial Rubber Products Agrees to Merger Proposal

Affiliates of Lime Rock Partners and Thompson Street Capital Partners Sign Definitive Merger Agreement

Industrial Rubber Products, Inc. (OTC: INRB), a leading designer, producer, and applicator of protective coatings to pipeline and industrial markets, announced that it has entered into a definitive Merger Agreement with affiliates of Lime Rock Partners, a Westport, Connecticut-based private equity firm focusing on the global energy industry, and Thompson Street Capital Partners, a St. Louis-based private equity firm focused on the manufacturing, distribution, and services industries. The merger provides for the acquisition of Industrial Rubber Products for $16.50 per share (inclusive of approximately $0.89 per share that is subject to escrow) in cash, which per share price may be reduced for customary transaction expenses incurred by the company. The acquisition price represents an approximate 49% premium to the average closing price of Industrial Rubber over the preceding twenty trading days.

It is anticipated that the management of the company, including its President, Daniel Burkes, will continue in their current officer positions and retain a meaningful portion of their ownership.

The Board of Directors of Industrial Rubber Products, upon the recommendation of a special committee of disinterested directors, unanimously approved the Merger Agreement and recommends that the shareholders of Industrial Rubber Products vote in favor of the Merger Agreement and the merger. Stifel, Nicolaus & Company Incorporated served as financial adviser to Industrial Rubber Products, and has delivered a fairness opinion to the special committee of its Board of Directors.

The Board of Directors of Industrial Rubber Products believes that this transaction provides a substantial share price premium and market liquidity for its current shareholders, while producing a more focused and flexible, private ownership structure for the company, and its employees, as it continues to deliver its IRACORE Pipe System and other leading-edge products to its customers in the oil, mining, and industrial sectors.

Mr. Burkes, CEO of Industrial Rubber Products, said, "The Board and I fully agree that the transaction with Lime Rock and Thompson Street offers the best of both worlds: a fair price for our existing shareholders and two new partners that will help Industrial Rubber Products grow. We are singularly focused on delivering unique, customized, superior solutions to our customers."

Founded as Industrial Rubber Applicators in 1957, Industrial Rubber Products sells protective products and coating for applications to steel pipe and other industrial equipment. With seventeen products lines, the company serves customers worldwide in the energy, mining, aggregates, and other end markets. Since 2006, the company's revenue has almost doubled, driven in large part by the success of the IRACORE Pipe Systems, which has broad applications to the oil sands and other industries.

J McLane, Director of Lime Rock Partners, noted, "As longstanding investors in the Canadian oil sands, we know that technology like IRACORE is vital to reducing costs and improving performance in an increasingly strained operating environment. We are thrilled to be partnering with Dan and his management team as they seek to find new ways to develop and deliver IRACORE and their other products to their customers." Bob Dunn, Managing Director of Thompson Street, added, "Industrial Rubber Products has shown, time and again, the ability to open up new markets for its products by delivering customized and technologically advanced solutions. We are gratified that the Board has agreed to our offer and look forward to applying our manufacturing investment expertise to helping the company execute on its business plan." The Board of Industrial Rubber Products expects the transaction to close in September 2008 subject to shareholder approval and other customary closing conditions. A detailed proxy statement is expected to be mailed to Industrial Rubber Products' shareholders in advance of a special shareholder meeting at the Hibbing Park Hotel on or about September 12, 2008.

ABOUT LIME ROCK RESOURCES

Established in 1998, Lime Rock manages $3.5 billion of private capital for investment in the energy industry through Lime Rock Partners, investors of growth capital in energy companies worldwide, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. Lime Rock Partners is a creative, value-adding, and long-term investor of growth capital in exploration and production, energy service, and oil service technology companies worldwide. From locations in Aberdeen, Scotland; Houston, Texas; and Westport, Connecticut, the Lime Rock Partners team brings together a global network of relationships, deep interdisciplinary expertise in finance and energy company operations, and a strong track record of value creation.

ABOUT THOMPSON STREET CAPITAL PARTNERS

Thompson Street Capital Partners has $450 million in capital under management. The private equity firm makes investments in manufacturing, service and distribution businesses with annual revenues between $20 million and $200 million, and a minimum EBITDA of $5 million. The fund's philosophy is to partner with management in leveraged acquisitions, recapitalizations, corporate divestitures and going-private transactions. Thompson Street Capital Partners was founded in 2001 by James A. Cooper and Peter S. Finley and is located in St. Louis, Mo.

CHINATEL GROUP INCORPORATED (OTCBB: CHTL | Quote | Chart | News | PowerRating) "Up 60.87% on Tuesday"

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

ChinaTel owns Trussnet USA, Inc., a Nevada corporation, a recently formed company that will provide telecommunications infrastructure engineering and construction services in mainland China. Trussnet and its direct and indirect subsidiaries have entered into a series of agreements to build and deploy a 3.5GHz wireless broadband system in up to 29 cities across the People's Republic of China (PRC) with and for CECT-Chinacomm Communications Co., Ltd., a PRC company that holds a license to build such WiMAX systems. For more information, visit www.chinatelgroup.com.

CHTL News:

August 19 - ChinaTel Group Announces Renewal of Licenses

ChinaTel Group, Inc. (OTCBB: CHTL | Quote | Chart | News | PowerRating) ("ChinaTel") announced that it has been notified by its counsel and CECT-Chinacomm Communications Co., Ltd. ("ChinaComm") that the 3.5GHz spectrum licenses have been renewed for a term of five years for all 29 cities in the People's Republic of China.

ChinaComm holds government licensing to operate a 3.5GHz wireless broadband network across 29 domestic top tier cities encompassing a population of over 300 million persons representing approximately 50% of the overall GDP of China.

VION PHARMACEUTICALS INCORPORATED (OTC: VION | Quote | Chart | News | PowerRating) "Up 40.63% on Tuesday"

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

Vion Pharmaceuticals, Inc. is committed to extending the lives and improving the quality of life of cancer patients worldwide by developing and commercializing innovative cancer therapeutics. Vion has two agents in clinical trials. Laromustine (Cloretazine (VNP40101M)), a unique alkylating agent, is being evaluated in a Phase II pivotal trial as a single agent in elderly patients with previously untreated de novo poor-risk acute myelogenous leukemia. Clinical trials of Cloretazine (VNP40101M) with cytarabine in elderly patients with acute myelogenous leukemia, with temozolomide in brain tumors, and with stem cell transplantation in advanced hematologic malignancies, are also being conducted. Triapine , a potent inhibitor of a key step in DNA synthesis, is being evaluated in clinical trials sponsored by the National Cancer Institute.

VION News:

August 19 - Vion Pharmaceuticals Enters Into Agreement with HOVON to Conduct a Phase III Clinical Trial of Cloretazine in Combination With Frontline AML and MDS Therapy

Vion Pharmaceuticals, Inc. (OTC: VION | Quote | Chart | News | PowerRating) announced that it had entered into an agreement with the Dutch-Belgian Cooperative Trial Group for Hematology Oncology (the "HOVON") to conduct a clinical trial of laromustine (Cloretazine (VNP40101M)) with standard remission-induction therapy in patients aged 18-65 with previously untreated acute myelogenous leukemia (AML) and high-risk myelodysplasia (MDS).

Alan Kessman, Chief Executive Officer, commented, "We are pleased to be working with HOVON, one of the most prestigious clinical groups in hematology oncology. We continue to believe that Cloretazine will have broad utility in the treatment of hematological malignancies as both a single agent and in combination with other therapies. This trial will provide important data with regard to Cloretazine 's utility in the treatment of AML when given in combination with standard remission-induction therapy for this devastating disease."

Dr. Bob Lowenberg, Chief Investigator of HOVON, said, "HOVON is focusing on the clinical development of new therapeutic options for patients with leukemia. Laromustine is a promising agent for that effort."

The trial has been designed as a Phase III study in two parts. Part A will determine the feasibility (based on safety and preliminary effectiveness) of laromustine administration at three possible dose levels in combination with cytarabine and idarubicin. Part A will also evaluate the pharmacokinetics and the clinical efficacy of the laromustine combination.

Part B is then designed to evaluate the clinical efficacy of the laromustine combination versus two cycles of cytarabine and idarubicin without laromustine with regard to clinical outcome ("event free survival"), the complete remission rate, disease free survival (DFS), risk of relapse and overall survival (OS), as well as the tolerance and toxicity, and pharmacokinetics of the combination.

The trial is expected to start this fall and will be conducted at various sites in the Netherlands, Belgium, Switzerland and Norway.

ABOUT HOVON

HOVON is a Dutch-Belgian cooperative clinical trial group in hematology oncology with a strong clinical development program in leukemia, malignant lymphomas and multiple myeloma. The HOVON group works with several other countries in Europe and has a long-standing track record with trials in acute leukemia. A distinct part of its clinical trials concerns the analysis of biological variables of the disease in relation to treatment outcome.

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