OTCPicks.com: OTCPicks.com Stocks to Watch for Friday, November 7th RNNM, BLGM, ZYXI, HMIT

Fri. November 07, 2008; Posted: 04:06 AM

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RONN MOTOR COMPANY (OTC: RNNM | Quote | Chart | News | PowerRating) "Up 45.00% on Thursday"

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

Headquartered in Austin, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built premium automobiles and technology. These technology systems include Hydrogen Fuel, Fuel cells, and Plug in-electrics will be incorporated into our automobiles and made available for aftermarket applications. Our products, coupled with RMC's core values of a strong sense of ethics, environmental sensitivity and premium quality, position the company as one of the new leaders in an automotive industry transitioning toward fuel efficiency.

RNNM News:

November 6 - Ronn Motor Company Signs Letter of Intent With SCS/Frigette for Manufacturing and Global Distribution of the H2GO Real-Time Hydrogen Injection System

Exclusive Manufacturing and Distribution Rights With Frigette, a Global Distributor of Automotive Aftermarket Products to Be Finalized; Sales Estimated at One Million Units for First Three Years

Ronn Motor Company, Inc. (OTC: RNNM | Quote | Chart | News | PowerRating) announced that the Company has signed a Letter of Intent with SCS/Frigette, located in Ft. Worth, Texas, for the manufacturing and distribution of its proprietary H2GO Real-Time Hydrogen Injection System.

Ronn Maxwell, CEO of Ronn Motor Company, said, "SCS/Frigette is recognized as a leader in the automotive industry and their manufacturing and distribution network is a perfect match for Ronn Motor Company and its H2GO system."

SCS/Frigette is an OE supplier of air conditioning equipment to many vehicle manufacturers and has been recognized as a top tier vendor. Additionally, SCS/Frigette is a supplier of custom air conditioning systems for trucks, vans and recreational vehicles along with cruise controls, power windows, power door locks and security systems.

Frigette ships to nearly 170,000 locations nationwide that use parts either directly or indirectly manufactured by Frigette and distributed through their nine regional distribution centers nationally. This distribution network, developed over more than 40 years, will give the H2GO system access to a national footprint immediately. Additionally, Frigette will give H2GO a global presence with distribution networks already in place in Europe and in the countries of India, China, and Russia.

Phillip Kreymer, Director of Marketing for Frigette, stated, "Sales of one million units over three years is easily within our manufacturing & distribution capabilities, at the suggested retail price of $999.00. This would produce revenues in the one billion dollar range."

Robert B. Kreymer, President of Frigette, commented, "Once again, we are truly ecstatic about working with Ronn and his team. On previous occasions, we have partnered with Ronn Maxwell with a number of his designed, developed and patented products. Over the years we have established a relationship with a proven track record that has consistently provided and demonstrated positive results."

COO of Ronn Motors, Damon Kuhn, added, "SCS/Frigette has several support companies that specialize in metal fabrication, electronics, circuit board supply and vacuum formed plastics that align nicely with our needs for the H2GO system. Their network of nine regional distribution centers and over 5,000 distributors and key installers will enable our fuel saving system to be easily accessed by all consumers."

Ronn Motor Company is finalizing the contract with Frigette for manufacturing, sales and distribution of the H2GO system. Frigette is the largest aftermarket supplier of automotive a/c systems, a/c parts, including many Original Equipment vehicle manufacturers such as General Motors, Ford, Honda, Isuzu, Jaguar, Mazda, Nissan, and Subaru, and has been awarded the coveted "Q1 Supplier Award" by Ford Motor Company and the "First Team Supplier Award" by Nissan Motors of America. They also supply products to thirty-nine (39) OEM Recreational Vehicle manufacturers.

SCS/Frigette quality control standards have been approved by Chrysler Motors, Ford Motor Company, General Motors, Honda, Hyundai, Isuzu, Jaguar, Mazda, Nissan, Saturn, Subaru, GAZ, VAZ, and Volvo.

Ronn Motor Company has the H2GO system at the SEMA show November 4th - 7th in Las Vegas, installed in its popular Scorpion eco-exotic super car. The Scorpion will utilize the H2GO system along with gasoline or ethanol to power the twin turbo V-6 speedster.

Mr. Maxwell continued, "We want to bring this technology to the forefront and believe that offering the H2GO system to the general market will have the most immediate financial impact to our Company, reduce foreign oil imports and help clean up the environment."

BUILDING MATERIALS HOLDING CORPORATION (OTCBB: BLGM | Quote | Chart | News | PowerRating) "Up 21.10% on Thursday"

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

BMHC is one of the largest providers of building materials and residential construction services in the United States. We serve the homebuilding industry through two recognized brands: as BMC West, we distribute building materials and manufacture building components for professional builders and contractors in the western and southern states; as SelectBuild, we provide construction services to high-volume production homebuilders in key markets across the country.

BLGM News:

November 6 - BMHC Announces Third Quarter 2008 Financial Results

* Restructuring initiatives progressing as planned, liquidity has improved

* Completed amendment to $540 million credit facility

Building Materials Holding Corporation (OTCBB: BLGM), a leading provider of building materials and construction services to professional residential builders and contractors, reported sales for the third quarter of 2008 decreased 39% to $364 million from $594 million in the same quarter a year ago. For the nine months ended September 30, 2008, sales decreased 39% to $1.1 billion from $1.8 billion in the same period of 2007.

Net loss for the third quarter of 2008 was $45.2 million or $1.55 per share compared to net income of $4.2 million or $0.14 per share in the same quarter a year ago. For the nine months ended September 30, 2008, net loss was $111.0 million or $3.82 per share compared to net income of $18.6 million or $0.63 per share in the same period of 2007.

BLGM's operating results in the third quarter included:

A) $3.9 million of impairments for assets held for sale and customer relationships.

B) $2.1 million for expenses to close and consolidate underperforming business units.

Commenting on third quarter results, Robert E. Mellor, Chairman and Chief Executive Officer, stated, "As the unprecedented volatility in the capital markets and the downturn in the homebuilding industry persisted, we remained focused on our goal of realigning our business to the current environment. We made significant progress on our restructuring program during the third quarter, executing on a wide range of operational and financial actions designed to address the impact of the homebuilding industry downturn. Importantly, we successfully negotiated an amendment to our $540 million secured credit facility. Year-to-date, we have reduced selling, general and administrative expenses by $51.2 million, or 16 percent. We continued to enhance our liquidity during the quarter through the wind-down of certain operations and the sale of underperforming business units and excess assets. We remain on track for these and other restructuring initiatives."

Mr. Mellor concluded, "While our third quarter financial results continued to be significantly impacted by the difficult operating environment, we are seeing an improvement in our ongoing operations and we comfortably met the bank covenants at the end of the quarter."

For the quarter, sales declined 39% to $364 million from $594 million in the same quarter a year ago. For the nine months, sales declined 39% to $1.1 billion from $1.8 billion in the same period a year ago. The challenging circumstances in the homebuilding industry continue to adversely affect our markets. Sales were lower in all our regions, particularly California/Northern Nevada and the Southwest. However, our 39% decline in sales is less than the decline in building permits in our markets of 42% for the quarter and 46% for the nine month period.

For the quarter and nine months, loss from continuing operations was a result of:

A) Lower sales volume, particularly construction services.

B) Gross margin compression from competitive market conditions.

C) Impairments of $3.9 million for the quarter and $12.3 million for the nine months principally for customer relationships and assets held for sale.

D) Expenses of $2.1 million for the quarter and $7.9 million for the nine months to close and consolidate underperforming business units.

Although selling, general and administrative expenses were higher as a percent of sales, these expenses included costs associated with the closure and consolidation of underperforming business units and were $19.4 million lower for the quarter and $51.2 million lower for the nine month period compared to the same periods a year ago. We are continuing to further reduce selling, general and administrative expenses consistent with sales trends.

Interest Expense

For the quarter, interest expense was 84% or $7.3 million more than the same quarter a year ago. The increase was due to:

A) Costs to obtain a waiver for our credit facility.

B) Expensing of unamortized deferred loan costs from the February 2008 amendment to our credit facility.

C) Costs associated with the September 2008 amendment to our credit facility.

Income Taxes

For the quarter and nine-month period, the significant change in our effective tax rate for continuing operations was the result of additional valuation allowance due to the uncertainty as to our ability to realize deferred tax assets.

ZYNEX INCORPORATED (OTCBB: ZYXI | Quote | Chart | News | PowerRating) "Up 37.50% on Thursday"

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

Zynex (founded in 1996) engineers, manufactures, markets and sells its own design of electrotherapy medical devices in two distinct markets: standard digital electrotherapy products for pain relief and pain management; and the NeuroMoveTM for stroke and spinal cord injury (SCI) rehabilitation. Zynex's product lines are fully developed, FDA-cleared, commercially sold, and have been developed to uphold the Company's mission of improving the quality of life for patients suffering from impaired mobility due to stroke, spinal cord injury, or debilitating and chronic pain.

ZYXI News:

November 6 - Zynex Announces Increased Orders in October

Zynex, Inc. (OTCBB: ZYXI), a provider of pain management systems and electrotherapy products for medical patients with functional disability, announces an increase in its orders of 136% for October of 2008 compared to the same month last year.

Thomas Sandgaard, CEO, said: "We are excited to see our orders continue to increase and post another record month. We also are continuing our discussions with Anthem with the goal of a better result than the previously announced claim. We continue to have a good relationship with Anthem and provide service to patients with Anthem insurance."

Zynex received 3,177 orders for October of 2008; of this number, 264 were orders for devices for which Anthem is currently denying payments. Although the Company is moving to only providing Anthem insureds with alternative and currently reimbursed devices, some orders were still in the pipeline and included in the orders for October 2008. In addition, the Company is seeking to replace some unreimbursed devices placed in October with Anthem patients.

Zynex received 2,643 orders in September of 2008; of these, 624 orders were for devices for which Anthem is currently denying payments and which could have been replaced with alternative devices in Zynex's portfolio. Orders in October of 2007 were 1,452 of which 217 were for devices that Anthem is currently denying payment.

Zynex has not yet finalized its results for the third and fourth quarters of 2008, including the impact of increased orders.

HIDALGO MINING INTERNATIONAL (OTC: HMIT | Quote | Chart | News | PowerRating) "Up 17.65% on Thursday"

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

Hidalgo Mining International (OTC: HMIT), an innovative mining company headquartered in Port Washington, NY, strives to increase shareholder value, while implementing aggressive plans to continue targeting near term mining production projects on a global scale. HMIT's management, directors, and advisors hold an abundance of experience and knowledge to implement expansion in this rapidly growing industry.

HMIT News:

November 6 - Hidalgo Mining International Announces an LOI to Joint Venture North Bay Resources Inc.'s Silver Leaf Property

Hidalgo Mining International (OTC: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announced that it has signed a Letter of Intent with North Bay Resources Inc. (OTC: NBRI) to enter into a joint venture for the development of North Bay's Silver Leaf Property. The terms of the Agreement will be announced once a final Agreement has been executed.

ABOUT THE SILVER LEAF PROPERTY

The Silver Leaf Property is located 8 kilometers east-northeast of Slocan, BC. The property consists of 10 claim units, which cover approximately 2,378 hectares (5,874 acres). The property includes the past-producing Silver Leaf, Riverside, Slocan Prince, Hampton, Bondholder, Dumac, Westmont, Neepawa, and Mabou mines.

British Columbian government records, known as MINFILE, show that previous mining operations at the Silver Leaf mine have produced an average of 598 grams (19.2 ounces) per ton silver and the Riverside produced an average of 1,534 grams (49 ounces) per ton silver. Past production from the Slocan Prince mine averaged 10,000 grams (321 ounces) per ton silver and the Hampton mine averaged 16,817 grams (540 ounces) per ton silver. As documented in Assessment Report 23054 report, a recently discovered vein has possible assays as high as 657 ounces per ton silver.

The Silver Leaf Property also includes the rights to the surface ore dump from the nearby Arlington mine. According to BC MINFILE 082FNW152 this surface ore represents proven reserves of 43,114 tons at 15.68 ounces per ton silver, or 676,238 ounces of silver.

Mark Daniel Klok, President of HMIT, stated: "As previously announced, we are pleased and excited to begin our long anticipated full production at the beginning of 2009. This joint venture exemplifies our aggressive plan to target near term production projects. Furthermore, it represents our focus on expanding globally by adding a North American property to our rapidly diversifying portfolio."

ABOUT NORTH BAY RESOURCES INC

North Bay Resources Inc. engages in the acquisition, management, and development of precious metal and other mining properties. By merging state-of-the-art technology with traditional acquisition targeting, the Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through its subsidiaries and partners to their full economic potential.

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