OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, August 27th SPNG, SIFY, MEDT, SIRF, ZVUE

Wed. August 27, 2008; Posted: 12:00 PM

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SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)

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

Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm

SpongeTech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.

SPNG News:

August 26 - SpongeTech Delivery Systems, Inc. Sponsored Darryl Strawberry Foundation's 2nd Annual Charity Golf Classic

Sports Greats and Celebrities Take a Swing Against Developmental Disorder to Support Foundation for Children and Families Affected by Autism

SpongeTech Delivery Systems, Inc. (OTCBB: SPNG | Quote | Chart | News | PowerRating) (www.spongetech.com) a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology, sponsored the Darryl Strawberry Foundation Golf Outing for Children and Families Affected by Autism on Monday, August 25th at the Bethpage State Park in Farmingdale, New York.

Among the sports greats in attendance were: Carl Banks, Sam Rosen, John Starks, Willie Upshaw, Ozzie Smith, Ray Lucas, Curtis McGriff, Bruce Harper, and Ron Darling, among others.

SpongeTech has a partnership with the Darryl Strawberry Foundation whereby the Company has committed to donate a percentage of its children's bath sponge, Puddle Pals, revenues to the Darryl Strawberry Foundation. Puddle Pals is a baby bath toy filled with hypoallergenic soap, with each sponge capable of up to eight washes.

"We were pleased to be a part of an event to support such an important cause," said Steven Moskowitz, COO of SpongeTech. "We believe our technologies have great potential to grow in popularity as we continue to market and promote SpongeTech's products. We look forward to continuing to support this foundation and to participate in other marketing opportunities as our company remains on track for future growth."

SIFY TECHNOLOGIES LIMITED (NASDAQ: SIFY | Quote | Chart | News | PowerRating) "Up 15.47% in morning trading"

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

Sify is among the largest Managed Enterprise and Consumer Internet Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching 500+ cities and towns in India. A significant part of the company's revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services, enterprise applications and hosting. Sify is recognized as an ISO 9001:2000 certified service provider for network operations, data center operations and customer support, and for provisioning of VPNs, Internet bandwidth, VoIP solutions and integrated security solutions, and ISO 27001 certified for Internet Data Center operations. Sify has licenses to operate NLD (National Long Distance) and ILD (International Long Distance) services and offers VoIP back haul to long distance subscriber telephony services. The company is India's first enterprise managed services provider to launch a Security Operations Center (SOC) to deliver managed security services. A host of blue chip customers use Sify's corporate service offerings. Consumer services include broadband home access, dial up connectivity and the e-port cyber cafe chain across 180 cities and towns.

SIFY News:

August 27 - Sify and Google in Alliance to Grow Indian Internet Users With Compelling Applications & Tools

To Offer Google's E-mail and Collaboration Services on Its Popular Portal www.sify.com

Sify Technologies Limited (Nasdaq: SIFY), a leader in enterprise data services and consumer Internet with global delivery capabilities, announced its agreement with Google Inc. to bring the Google Apps suite of communication and collaboration tools, including email, chat and online documents, to Indian Internet users. Google Apps will now power Sifymail and chat, as well as other applications using the Google Apps platform, which would be leveraged across Sify's fast expanding Network Infrastructure, reaching out to over a million users across India and abroad.

Raju Vegesna, Chairman & CEO, Sify Technologies Limited, said, "There is a perfect confluence of the mission of our companies in enhancing the quality of life of individuals and businesses by empowering them with the Internet. Our agreement with Google makes superior applications available for communications and collaboration, coupled with our understanding of the needs of Indians, on our popular portal Sify.com. We believe that we can make compelling applications, tools and content based on Google's expertise for many more Indians to use the Internet to enhance their productivity and quality of life. This agreement enhances our relationship with Google beyond powering the search on Sify.com."

Shailesh Rao, Managing Director, Google India Pvt. Ltd., said, "We're pleased to work with Sify to offer its customers access to our leading communication and collaboration tools. Our companies share a vision of giving consumers innovative choices that will the change the way they interact with each other and the world."

Sify is a leader in providing Internet access in India through the ePort cyber cafe chain and home broadband access, as well as interactive rich media content with sites such as Sify.com for news, sports, finance, games, shopping and video content, Sifymax.com for broadband entertainment content, Samachar.com for global Indians to stay in touch with everything Indian. The agreement with Google will complement Sify's strengths in connectivity and content to catalyze the use of the Internet by Indians with world-class applications, tools and content tailored to Indian requirements.

Sify will start launching these services for users in the coming months.

ABOUT GOOGLE INC.

Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top Web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall Web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia.

MEDIATECHNICS CORPORATION (OTC: MEDT | Quote | Chart | News | PowerRating) "Up 14.29% in morning trading"

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

Mediatechnics Corporation (www.mediatechnicscorporation.com) is the parent company of Mediatechnics Systems Inc., MediaMaster Corporation, The Live Network, Innotech and CRD Technology.

MEDT News:

August 26 - Mediatechnics Corp. Inks Deal to Purchase Global Music Group-New York, Winner of Death Row Records Label Valued at $32 Million

Mediatechnics Corporation (OTC: MEDT | Quote | Chart | News | PowerRating) has signed a letter of intent to purchase Global Music Group-New York (GMG-NY), the company that won the bid to acquire the assets of Death Row Records in the U.S. Bankruptcy Court in June of this year for $24 million. Mediatechnics intends to provide Global Music with the funds needed to complete the acquisition.

The landmark deal would give Mediatechnics Corp. ownership of Global Music Group, which will hold upon completion of the purchase - free and clear of all liens, claims and encumbrances - all of the assets that comprise Death Row Records, including Death Row's catalog of master recordings and published music, as well as all trademarks and other intellectual property, licenses, artist and writer agreements, works in progress, and options. An independent valuation of the bankruptcy estate completed last month placed the catalog value at $32 million.

The Death Row catalog includes a significant amount of previously unreleased material by the late Tupac "2Pac" Shakur and other top artists, as well as almost all of the previously released music of Dr. Dre and 2Pac. The 2Pac music has spawned great interest with the media since the possibility of its imminent release became news.

Founded in 1991 by Marion "Suge" Knight and Dr. Dre, Death Row Records established itself as one of the biggest labels at the forefront of the '90s gangsta rap music era, and, for all intents and purposes, defined the genre. The label was home to such artists as Dr. Dre, Snoop Dogg, Tha Dogg Pound as well as 2Pac.

By the early 2000s, Death Row was besieged with several crippling lawsuits and criminal convictions for founder Suge Knight. In April of 2006, Knight sought bankruptcy protection for himself and the label. On June 24 of this year, the U.S. Bankruptcy Court for the Central District of California approved the sale of Death Row to Global Music Group - New York for $24 million, and Global Music placed a deposit with the court.

Mediatechnics President Richard Wilson said, "The acquisition of Global Music and Death Row Records will represent a landmark turning point for our company. Together with our subsidiaries, the Live Network and CRD Technologies, the prospects of co-branding, licensing and new product development are astounding." He continued, "We're driving hard to lock in all of the complicated pieces of this puzzle necessary to successfully conclude this remarkable deal."

Susan Berg, President of Global Music Group-NY, said, "We are delighted by the prospects that this imminent transaction could bring to our two companies and believe the outcome, both financially and creatively, can be an incredible force." Berg qualified Global Music Group as a bidder with the Federal Bankruptcy Court prior to the auction in June, putting up more than one million dollars on deposit.

Mediatechnics' transaction remains contingent upon several factors, not the least of which is the closing of the financing and the subsequent payment to, and acceptance by, the Bankruptcy Court and its trustee. While many factors outside the control of Mediatechnics could yet affect whether or not the transaction is completed, the company is currently in possession of a Letter of Intent from a lender to fund the transaction, and has been informed by GMG-NY that it is likely that the purchase will be accepted when funds are proven and delivered.

SIRF TECHNOLOGY HOLDINGS INCORPORATED (NASDAQ: SIRF | Quote | Chart | News | PowerRating) "Up 10.30% in morning trading"

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

SiRF Technology Holdings, Inc. develops and markets location platforms based on semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies, enhanced by wireless connectivity and multimedia capabilities for high-volume mobile consumer devices and commercial applications. SiRF's technology has been integrated into a wide range of mobile consumer devices such as automobile navigation systems, portable navigation devices (PNDs), mobile phones, mobile computers, GPS-based peripherals and handheld GPS devices, and into commercial applications such as location servers, asset tracking devices and fleet management systems. SiRF markets and sells its products in four target platforms: wireless handheld devices such as mobile phones; automotive electronics systems, including navigation and telematics systems; consumer electronics products such as recreational GPS handhelds, mobile gaming machines, digital cameras and wearable devices; and mobile computing systems, including personal digital assistants, notebook computers, universal mobile personal computers (UMPCs) and mobile internet devices. Founded in 1995, SiRF is headquartered in San Jose, California, and has sales offices, design centers and research facilities around the world. The company trades on the NASDAQ Stock Exchange under the symbol SIRF.

SIRF News:

August 26 - SiRF & ITC Staff File Appeals of ITC Judge's Initial Ruling

No Ban Exists on SiRF or SiRF Customer Product Shipments

SiRF Technology Holdings, Inc. (Nasdaq: SIRF), a leading provider of GPS-powered location platforms, today announced that SiRF and the ITC staff have independently filed appeals with the International Trade Commission (ITC) for review of the ITC Administrative Law Judge's (ALJ) initial ruling that certain SiRF products infringed upon patents held by Global Locate, Inc., a wholly-owned subsidiary of Broadcom. In addition, SiRF has taken measures to reassure its customers of multiple alternatives to address this initial ruling to enable SiRF customers to continue shipping their innovative products into the U.S. market.

"There is no ban on shipment of SiRF's or our customers' products. In fact, the ITC will not even make any final determination until December after they have finished their investigation including reviewing the ITC Staff's appeal and our appeal," said Kanwar Chadha, founder of SiRF Technology. "Meanwhile we continue to provide our customers with products and services to address their needs and ensure that consumers get the full benefits of SiRF's innovations."

The initial ruling is subject to review by the ITC. SiRF believes that the ALJ's initial decision is incorrect, and the evidence presented during the trial gives SiRF a strong basis for its appeal to the ITC for its final ruling, due to issue in December 2008. The ITC Staff has also independently filed an appeal of the initial ruling.

In addition, there will be a remedies briefing process to the ITC that determines the impact, if any, of a ruling on SiRF and SiRF customers' products, which will occur in due course. The final ITC ruling is further subject to a sixty-day Presidential review period and can then be appealed to the Federal Circuit Court of Appeals.

During the last 13 years, SiRF has built a patent portfolio in the location technology field that includes more than 250 patents awarded worldwide and more than 370 additional patent applications pending. SiRF's patent portfolio also includes some of the early GPS patents that SiRF acquired through its acquisition of Conexant's GPS business in 2003, and Motorola's GPS assets in 2005.

ZVUE CORPORATION (NASDAQ: ZVUE | Quote | Chart | News | PowerRating) "Up 8.40% in morning trading"

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

ZVUE Corporation (NASDAQ: ZVUE | Quote | Chart | News | PowerRating) is a global digital entertainment company. Its Pospsauce Network (comprised of eBaumsWorld.com, Putfile.com, Holylemon.com, UnOriginal.co.uk, YourDailyMedia.com, Dorks.com, FunMansion.com and ZVUE.com) is consistently among the top-five companies providing user-generated video online. ZVUE personal media players are mass-market priced and currently available for purchase online and in Wal-Mart stores throughout the U.S.

ZVUE News:

August 27 - Solange Knowles Explodes on the Scene With Her Own Branded Media Player From ZVUE

Pre-Loaded Portable Media Player With Music and Video From R&B Star Solange

ZVUE Corporation (Nasdaq: ZVUE), a global digital entertainment company, announced that ZVUE has launching their latest ZVUE Artist Series Media Player pre-loaded with R&B singer Solange's new album "SoL-AngeL and the Hadley St. Dreams." The specialty-branded player is available exclusively in 500 Wal-Mart stores nationwide beginning August 26, 2008. The product retails for $49.88.

The pre-loaded Media player comes with 2 versions of the "I Decided" music video. The player also includes the popular single "I Decided," which has reached the top of the Billboard Hot Dance Singles Sales and the Hot R&B/Hip-Hop Singles Sales charts. In addition, there are special exclusive materials preloaded including 2 bonus music tracks, extra video footage and photos.

The Solange branded Media player comes with high-quality ZVUE Sound Headphones, USB cable, 2.4" screen, Photo Viewer, Text Reader, FM Tuner and 2 GB of built-in memory.

"We are excited about partnering with one of the youngest and hippest R&B sensations today, Solange," said Jeff Oscodar, ZVUE President and CEO. "We continue to have great success with the roll-out of our pre-loaded MP3 players and look forward to capitalizing on the lucrative back to school season."

"The outpouring of support from around the world for Solange's new album, has been incredible. Everyone will be pleasantly surprised with this high quality Solange theme pre-loaded media player. Thru our partnership with ZVUE and Wal-Mart it was important to all of us that we could offer a great product that was affordable for the fans," says Mathew Knowles, President and CEO, Music World Entertainment.

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