OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, August 27th IBOT, AGMS, ABMC, MSTFF, GLCC

Wed. August 27, 2008; Posted: 11:46 AM

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INDUSTRIAL BIOTECHNOLOGY CORPORATION (OTC: IBOT | Quote | Chart | News | PowerRating) "Up 7.27% in morning trading"

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

Company Profile: http://www.otcpicks.com/industrial-biotech/industrial-biotech-2.htm

Industrial Biotechnology Corporation, (IBC) provides products, services and technologies using renewable resources as an alternative to petroleum and traditional manufacturing methods. IBC production processes are eco-efficient and apply and adhere to sustainable practices and standards. IBC accomplishes this with the ALCHEMx Production Platforms, which integrates technologies, sustainable manufacturing, and distribution with supply chain partners to meet customer needs and pricing requirements. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels.

IBOT News:

August 26 - Industrial Biotechnology Corporation and the Plastics Exchange Announce Strategic Partnership

Industrial Biotechnology Corporation (OTC: IBOT | Quote | Chart | News | PowerRating) has formed a strategic partnership with North America's leading spot plastic resin market, The Plastics Exchange. IBC's subsidiary, Renewable Chemicals Corporation (RCC) will utilize the expertise of The Plastics Exchange in financial modeling, business development and commodity hedging for sugarcane based ethanol chemicals as an alternative to petroleum.

Michael Greenberg, CEO of The Plastics Exchange, said, "I see a very large market developing for renewable plastics and packaging. With the green movement gaining momentum, more and more companies are embracing an environmentally friendly solution. The Plastics Exchange is committed to help develop market awareness and sell the much anticipated Polyethylene resin produced with sugar-based ethanol feedstock pioneered by Industrial Biotechnology Corporation."

"The Plastics Exchange is a great supply chain resource partner for IBC for evaluating, assessing and delivering renewable chemicals using real time data and pricing from the petrochemical and packaging industries," says IBC CEO Andy Badolato. "The Plastics Exchange brings accurate and in-depth insight to our strategic and financial business modeling that will increase shareholder value and our competitive advantage."

The Plastics Exchange is a real-time marketplace for anonymously buying and selling domestic and international commodity grade resin (HDPE, LDPE, LLDPE, GPPS, HIPS, HoPP, CoPP). Through trading relationships with a large network of major producers, distributors, traders and brokers, they have access to a wide spectrum of spot and warehoused plastic resin offerings. The Plastics Exchange acts as a clearinghouse to complete trades and acts as principals to handle the credit and logistics. They assure the integrity of the market by guaranteeing the product quality, delivery and payment of every transaction. The Plastics Exchange also provides in-depth research and news coverage of the resin marketplace.

ANGSTROM MICROSYSTEMS CORPORATION (OTCBB: AGMS | Quote | Chart | News | PowerRating) "Up 3.08% in morning trading"

Detailed Quote: www.otcpicks.com/quotes/AGMS.php

Company Profile: http://www.otcpicks.com/angstrom-microsystems/angstrom-microsystems.htm

Angstrom Microsystems is one of the top Green computing companies, providing technology solutions ranging from liquid-cooled blades to acceleration software in order to help reduce the power requirements of datacenters. Its customers include Rhythm & Hues, Fox Films, Tippett Studios and the National Institutes of Health. Angstrom has earned a reputation for quality, service, and engineering innovation in the AMD Opteron processor-based system market. See Angstrom Microsystems in the end credits of Blue Sky Studios' "Ice Age: The Meltdown."

AGMS News:

August 25 - Angstrom Microsystems Announces 'Green Computing' Initiative

Company Has Developed Five Key Approaches to Be Eco-Friendly

Angstrom Microsystems Corp. (OTCBB: AGMS | Quote | Chart | News | PowerRating) announced that, based on client input and its own research, the Company is a leader in the market for "green computing" solutions. Green computing helps companies reduce their carbon footprint while considerably saving energy and money over traditional computing solutions, particularly in the data center market, which accounts for 3% of all power consumption in the U.S. according to the EPA.

Through over eight years of research and development, Angstrom's energy efficient, high-end blade servers, workstations and software solutions have been designed to provide maximum performance, thereby reducing costs for clients in multiple ways. With both hardware and software solutions to reduce the power needed to drive computing, Angstrom reduces the number of machines required to facilitate mission critical tasks, thus saving clients significant investment and maintenance costs. Angstrom also utilizes only environmentally friendly materials and chemicals in its manufacturing processes, and all the Company's product packaging and shipping crates are made from recycled materials.

Angstrom's green computing initiative is powered by:

* Energy Efficient Liquid Cooled Blade Servers: Angstrom's liquid cooled blade servers use non-electrically conductive fluid that is non-toxic, non-flammable and environmentally friendly unlike competitors who may use chlorofluorocarbons (CFCs), or water, which is a conductive liquid. Cooling accounts for 30% of monthly costs in a typical data center. Angstrom's technology eliminates over 75% of that 30% which results in significant return-on-investment improvement for its clients.

* Ultra-High Efficiency Power Solution: Angstrom's MaxPowerSmart(TM) is an ultra-high efficiency 480VAC 3-phase and 48VDC solution that provides power to standard motherboards used by the Angstrom blade and rack-mount products. Angstrom racks can accept 48VDC power and redundant A/C power from separate grids. MaxPowerSmart allows blade server racks to plug directly to "street" power, bypassing costly and inherently inefficient data center power distribution units (PDUs), enabling 82% power efficiency to the rack, as compared to the 50-70% offered in most other standard solutions.

* Software-based Acceleration: Angstrom provides software-based acceleration solutions to significantly reduce the number of machines required to perform a given task. Fewer machines for the same performance coupled with less cooling power consumption per machine results in a significantly more energy-efficient data center. The Company's Xfactor Plus(TM) software acceleration libraries accelerate the performance of targeted software applications and libraries by 10-100x.

* Use of Only Environmentally Friendly Materials: The Company strives to use only environmentally friendly materials in its products and manufacturing processes. Angstrom does not utilize chemicals that can cause hazardous waste or environmentally harmful emissions such as fluorocarbons. Going even further, the Company only uses materials that comply with the Restriction of Hazardous Substances Directive (ROHS).

* Reusable Product Shipping Materials: Angstrom's shipping containers are wooden crates for delivery of its blade servers. After product delivery, customers ship back the shipping containers to the Company so it can be recycled and reused. All aspects of its packaging are reusable and Angstrom avoids non-biodegradable packaging wherever possible.

Commenting on the green computing initiative, Lalit Jain, CEO of Angstrom Microsystems, said, "Green computing is not just a buzz word or passing fad for Angstrom or our clients. Rather, it is fundamentally at the core of what we do. Our client companies are concerned about the environment and want to reduce their carbon footprints, but they also want great return on their computing investments. We are pleased that we are increasingly becoming the vendor of choice for both. We reduce power consumption in three ways: by reducing the number of computers necessary to operate; reducing the power to cool the computers that are used; and finally by improving the electrical efficiency of each computer.

"Furthermore, we only use environmentally safe materials in our products and manufacturing processes, and reuse all our packing and shipping materials as many times as we can. We are also focused on helping our clients reduce their carbon footprint by saving energy and reducing their hardware costs through the use of our proprietary software acceleration technologies. While we have always been an environmentally aware company, it is nice to see the market finally catching up and recognizing us as a leader."

AMER BIO MEDICA CORPORATION (NASDAQ: ABMC | Quote | Chart | News | PowerRating) "Up 27.83% in morning trading"

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

American Bio Medica Corporation is a biotechnology company that develops, manufactures and markets accurate, cost-effective immunoassay diagnostic test kits, including some of the world's most effective point of collection tests for drugs of abuse. The Company and its worldwide distribution network target the workplace, government, corrections, clinical and educational markets. ABMC's Rapid Drug Screen , Rapid ONE , Rapid TEC , RDS InCup , Rapid TOX and Rapid TOX Cup products test for the presence or absence of drugs of abuse in urine, while OralStat and Rapid STAT tests for the presence or absence of drugs of abuse in oral fluids. ABMC's Rapid Reader is a compact, portable device that, when connected to any computer, interprets the results of an ABMC drug screen, and sends the results to a data management system, enabling the test administrator to easily manage their drug testing program.

ABMC News:

August 27 - FDA Grants CLIA Waiver to ABMC for Its Drug Test

American Bio Medica Corporation (Nasdaq: ABMC | Quote | Chart | News | PowerRating) announced that the US Food and Drug Administration (FDA) has granted CLIA waived status to the Company's Rapid TOX point of collection drug test product line. The waiver applies to all 14 drugs that the Company currently tests for in addition to two different cut-off levels for its Opiate and Cocaine tests. CLIA waived tests are recognized by FDA to be so simple to use and so accurate that there is little risk of error. CLIA waived tests are the most widely used tests in the clinical market (hospitals and physicians), and are in-demand for occupational health and criminal justice applications.

ABMC Chief Executive Office Stan Cipkowski stated, "We have been waiting some time for this decision from the FDA and we are pleased to finally receive our CLIA waiver. The granting of the CLIA waiver is expected to greatly impact our relationship with our laboratory alliance as up until this point, the lab alliance has been obtaining CLIA waived devices from another supplier. Now that our Rapid TOX device is CLIA waived, they will be obtaining all of their urine based point of collection devices from ABMC."

Cipkowski added, "CLIA waiver also allows us to complete our negotiations with several distributors who service the physician and hospital market. We are anxious to be able to penetrate new markets with our products and this waiver opens the first door for us. I expect to see an immediate impact on sales beginning in the fourth quarter of this year and ramping up throughout 2009." Cipkowski continued, "In spite of the problems and expenses related to this in 2007, our Chief Science Officer Martin Gould and Director of Quality Assurance and Regulatory Affairs Richard Reilly have completed this first waiver well under budget in 2008. We expect future waiver applications to be more cost effective and expedient due to their efforts."

MONARCH STAFFING INCORPORATED (OTC: MSTF | Quote | Chart | News | PowerRating) "Up 25.00% in morning trading"

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

Monarch Staffing, Inc., through its subsidiaries, provides healthcare staffing services to commercial and government sector customers in the United States. It furnishes personnel to perform a range of pharmacy technician, nursing, and other health care services in support of the operations of government and commercial facilities. The company is based in Irvin, California.

MSTF News:

August 25 - Monarch Staffing, Inc. Launches Nurse Consultants to Build Its Nurse Staffing Business

New Operating Division Will Be Led by Industry Veteran and Based in Fresno

Monarch Staffing, Inc. (OTC: MSTF), and its wholly owned subsidiary Drug Consultants, Inc., a provider of healthcare staffing services, announced the launch of Nurse Consultants, a new operating division focused on the nurse staffing business.

Nurse Consultants will be lead by Edwina Chong, Executive Vice President, a nurse staffing industry veteran. Prior to joining Drug Consultants, Inc., Ms. Chong built one of the largest local nursing recruitment and staffing firms in the country. From 2001 to 2007, she was Area Manager with Supplemental Health Care where she grew annualized revenues in excess of $21 million. "I am extremely excited to lead the growth of our new operating division," commented Ms. Chong.

Nurse Consultants has opened a new office in Fresno, CA to house its sales & marketing, recruiting and scheduling operations.

"The launch of Nurse Consultants and the opening of a new operating office in Fresno advances our plan to penetrate the growing nurse staffing business. Additionally, we expect the launch will help diversify Monarch Staffing's service offerings and customer base," commented David Walters, Chairman.

GOOD LIFE CHINA CORPORATION (OTC: GLCC | Quote | Chart | News | PowerRating) "Up 38.75% in morning trading"

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

Good Life China Corporation operates a chain of franchised convenience stores in Hebei Province, the People's Republic of China. The company employs retail concepts, such as e-commerce enabled POS/back office systems. It operates approximately 1,730 stores. The company also has an agreement with Petro China Beijing to provide distribution services and information management system services for the convenience stores in the gas stations belonging to Petro China Beijing Marketing Company. In addition, the company offers online sub prime financial services, such as money lending, forex trading, and advanced electronic funds management. Good Life China Corporation was incorporated in 1998 and is based in Toronto, Canada.

GLCC News:

August 26 - Good Life China Corporation Announces New Store Openings Good Life China Corporation (OTC: GLCC | Quote | Chart | News | PowerRating) (www.goodlifechina.com) announced additional new store openings. A total of 19 stores have been opened within the last 10 days, including stores in Cangzhou, Shijiazhuang and a number of smaller villages. In addition, 3 new suppliers were added to the Good Life Corporation network.

While a number of major announcements regarding strategic alliances and acquisitions have been made in recent days, it is important to note that Good Life continues to generate organic growth with an ongoing stream of new store openings at a very aggressive pace.

When considered in light with the ongoing negotiations to acquire "The People Home" Chain (TPH), it is anticipated that Good Life may soon surpass 3,000 stores.

In other Company news, the Company has signed a strategic partnership agreement with Hebei Provincial General Supply and Marketing Cooperative Corp., after a successful meeting to discuss coordinating efforts in line with China's high priority "10,000 rural village and 1000 Townships" economic development policy to open modern retail stores in rural areas across China. This agreement can help accelerate Good Life's ongoing objective to achieve a store count of 4,000 convenience stores as quickly as possible.

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