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Stockguru.com: Stocks to Watch for November 7, 2008 - HBRF, OOLN, SFRX, HXBM, CNWT, and GOFH

Fri. November 07, 2008; Posted: 07:26 AM
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Nov 07, 2008 (M2 PRESSWIRE via COMTEX) -- SFRX | Quote | Chart | News | PowerRating -- -- Our Stocks to Watch today include : Highbury Financial Inc. (OTCBB: HBRF), Oasis Online Technologies Corp. (OTCBB: OOLN), Seafarer Exploration Corp. (OTCBB: SFRX), Helix BioMedix, Inc. (OTCBB: HXBM), Cistera Networks, Inc. (OTCBB: CNWT), and GoFish Corporation (OTCBB: GOFH)

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Highbury Financial Inc. (OTCBB: HBRF | Quote | Chart | News | PowerRating) Shares traded down 5.36% at $2.65

Highbury Financial, Inc., an investment management holding company, through its subsidiary, Aston Asset Management LLC, provides permanent capital solutions to mid-sized investment management firms in the United States. It offers permanent equity capital to fund buyouts from corporate parents, buyouts of founding or departing partners, growth initiatives, and exit strategies for private equity funds. The company was founded in 1993 and is based in Denver, Colorado.

HBRF News Yesterday, Highbury Financial reported its financial and operating results for the three months and nine months ended September 30, 2008. Net income for the third quarter of 2008 was $641,004 compared to net income of $892,699 for the third quarter of 2007. Cash Net Income was $920,265 for the three months ended September 30, 2008, compared to $1,175,816 for the three months ended September 30, 2007. Basic and diluted Cash Net Income per share (Cash EPS) for the third quarter of 2008 were $0.10 and $0.10, respectively, compared to $0.12 and $0.12, respectively, for the third quarter of 2007. (Cash Net Income is defined in the attached tables.) Basic and diluted earnings per share for the third quarter of 2008 were $0.07 and $0.07, respectively, compared to basic and diluted earnings per share of $0.09 and $0.09, respectively, for the third quarter of 2007. Adjusted EBITDA for the three months ended September 30, 2008 was $1,099,742, compared to $1,511,651 for the three months ended September 30, 2007. (Adjusted EBITDA is defined in the attached tables.) For the third quarter of 2008, revenue was $9,595,927, compared to $10,157,568 for the third quarter of 2007.

Oasis Online Technologies Corp. (OTCBB: OOLN | Quote | Chart | News | PowerRating) Shares stayed steady at $0.12

Oasis Online Technologies Corp. is focused on the acquisition and development of key core technologies and products that are easily adapted to multiple market segments which require secure storage and convenient mobile, portable, and/or online use of data. The Company's planned products and built-in features will be designed and marketed to protect against or prevent fraud and identity theft while making the online experience easier and faster. The company is currently researching technologies which apply to credit card transactions, online shopping, smart-chip enabled card applications, and ACH and EFT transactions.

OOLN News Yesterday, Oasis Online Technologies announced it has signed a Master License Agreement with TranSend International, Inc. to market and distribute TranSend's PocketServer software. Under the terms of The License Agreement, Oasis will have exclusive rights to modify the source code and re-brand the PocketServer software. Oasis management plans on utilizing the PocketServer application and its source code in order to execute the company's plan to market and distribute a suite of software products through distinct subsidiaries which are to be created by Oasis.

Seafarer Exploration Corp. (OTCBB: SFRX | Quote | Chart | News | PowerRating) Shares traded up 33.33% at $0.04

Seafarer Exploration Corp., a development stage company, engages in the exploration and acquisition of artifacts and cargo from the sunken Spanish Galleon off the coast of Florida. It focuses on recovering the artifacts and cargo, including dated coins, gold, silver, and emeralds. The company was founded in 2007 and is based in St. Petersburg, Florida.

SFRX News Yesterday, Seafarer Exploration announced that its wholly owned subsidiary Seafarer Exploration, Inc. has successfully renewed its Agreement with the State of Florida's Division of Historical Resources and Tulco Resources, Ltd. The Agreement relates to archaeological work to be conducted on sovereignty submerged lands of the State of Florida for the purpose of recording archeological information and recovering historic shipwreck artifacts. The Division has granted Seafarer permission to remove artifacts, in accordance with the covenants and conditions provided in the Agreement, from certain sovereignty submerged lands that are described in the Agreement.

Helix BioMedix, Inc. (OTCBB: HXBM | Quote | Chart | News | PowerRating) Shares traded up 8.89% at $0.49

Helix BioMedix, Inc. is a biopharmaceutical company with an extensive library of diverse bioactive peptides and patents covering six distinct classes and hundreds of thousands of peptide sequences. Our mission is to enrich clinical practice and the patient/consumer experience by developing topically-applied products which offer the health, beauty and safety benefits of our advanced bioactive small molecule technology. Our vision is to be recognized as the world leader in the identification, qualification and commercialization of natural and synthetic peptides.

HXBM News Yesterday, Helix BioMedix announced financial results for the third quarter ended September 30, 2008. For the third quarter of 2008, the company reported revenue of approximately $157,000, compared to revenue of approximately $87,000 in the second quarter of 2008 and $159,000 in the third quarter of 2007. Net loss for the third quarter of 2008 was approximately $768,000, or ($0.03) per share, compared to net losses of approximately $1.4 million, or ($0.06), per share in the prior quarter and $900,000, or ($0.04) per share, in the same period one year ago. The improvement in the net loss for the third quarter of 2008 compared to the same period in 2007 was primarily attributable to a reduction in operating expenses of approximately $178,000 and $25,000 realized gain on redemption of marketable securities, which were partially offset by approximately $58,000 in interest expense associated with the $3.0 million convertible debt issued on February 14, 2008 and amended on June 27, 2008.

Cistera Networks, Inc. (OTCBB: CNWT | Quote | Chart | News | PowerRating) Shares stayed steady at $0.28

Cistera Networks is a leading provider of enterprise application communications platforms and services. The company blends powerful application infrastructure with industry-specific business processes, to deliver the benefits of voice, video and data convergence to the user. Cistera's industry-leading platform delivers the most reliable, scalable and secure application services for IP-based network environments. Its broad portfolio of application services enables users to improve customer service and satisfaction, increase productivity and collaboration, improve responsiveness to critical incidents and to provide a safer environment.

CNWT News Yesterday, Cistera Networks announced the release of the newest configuration of its award-winning platform, the CisteraConvergenceServer 5510. Like all of the company's high performance communications platforms, the Cistera ConvergenceServer 5510 supports deployments of the company's robust suite of services for enhancing business processes, including Event Alerting and Notification, Quality Assurance and Compliance, and Productivity and Collaboration solutions. It has been specifically designed to meet the needs of environments with large numbers of users such as large contact centers, and the government, healthcare and higher education markets. The company recently conducted a three-part field trial of the emergency alerting and notification capabilities of the Cistera ConvergenceServer 5510 and its RapidBroadcast and QuickConnect application engines as part of a pilot installation for a large public institution. This pilot implementation is subsequently being transitioned to a production system.

GoFish Corporation (OTCBB: GOFH | Quote | Chart | News | PowerRating) Shares stayed steady at $0.15

GoFish Corporation operates an online youth media and entertainment network, known as ?GoFish Network?. It involves in creating, aggregating, distributing, and monetizing youth content on a network of youth sites. The ?GoFish Network? includes its owned and operated Websites; and access to advertising, as well as sponsorship and video and other content opportunities for the third-party Websites. The company offers advertising and content to kids, teens, and tweens. Its third-party Websites include online multi-player games, virtual worlds, cartoons, education sites, casual games, avatar-based social networks, art and creativity tools, funny videos, and learning-based virtual worlds for the 6-17 year old demographic. The company has strategic partnership with Kaleidoscope Sports and Entertainment LLC. The company was founded in 2003 and is headquartered in San Francisco, California.

GOFH News Yesterday, GoFish reported a substantial increase in revenues for the third quarter ended September 30, 2008, marking the second consecutive quarter of approximately 100% revenue growth over the prior quarter. Financial highlights include: Revenues for the third quarter of 2008 were $2.79 million, representing a 118% increase over revenues of $1.28 million from the previous quarter and a 474% increase over revenues of $485,812 for the third quarter of 2007, and GoFish remains on track to meet its previously disclosed full-year guidance of revenues between $8.5 to $11.0 million.

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