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MARKET RECAP
3/12/10 - Market Micro Recap For Week Of 3/8/10
The OTC companies tracked by PennyProfits moved up this past week, pushing the average stock price 0.3471% to the upside. Fully updated companies now numbers 4429, with the full database hovering at 6,534. See below for several headlines, which moved stocks.
AutoImmune Inc. (AIMM) announced that its Board of Directors has determined, after consideration of potential strategic alternatives, that it is in the best interests of the Company and its stockholders to liquidate the Company's assets and to dissolve the Company. In connection with the liquidation, the Company intends to distribute to its stockholders all available cash, except such cash as is required for paying or making reasonable provision for the liabilities and other obligations of the Company.
eGain Communications Corporation (EGAN), the leading provider of multichannel customer service and knowledge management software for on-site and on-demand deployment, announced that the North American retail sector ranked first overall in customer service in eGain's latest research. Overall performance for the sector increased significantly from a score of 1.8 ("below average") out of 4.0 in 2009 to 2.3 ("above average") in 2010, highest among all sectors evaluated. Cross-channel customer experience, while still slightly "below average," was still the highest among all sectors included in the research. eGain's 2010 State of Customer Service Study evaluated multiple aspects of web self-service and contact center customer service of 175 leading enterprises in the U.S. and Canada. These companies are equally distributed across eight sectors: financial services, retail, communications, consumer goods manufacturing, insurance, healthcare, and pharmaceuticals. Retail companies evaluated in the study include both click-and-mortar and pure-play e-tailers.
Geospatial Holdings, Inc. (GSPH), a developer and producer of technologies and services for managing underground pipeline assets, announced that it has been awarded an indefinite delivery, indefinite quantity (“ID-IQ”) contract to locate and map underground infrastructure at an undisclosed Department of Energy (DoE) facility. The contract is for a term of one year with an optional one year extension. Financial terms of the contract were not disclosed.
Liberator Medical Holdings, Inc. (LBMH) announces the closing of a private placement of 4,666,667 shares of its common stock for gross proceeds of $7.0 million on March 9, 2010, to a single institutional investor. Littlebanc Advisors, LLC. acted as the sole placement agent and financial advisor to the Company. Liberator's Board of Directors unanimously approved the transaction. As part of the transaction, the institutional investor has the right to add a member of its choice to Liberator Medical's Board of Directors. As of the date of this press release, the institutional investor has not acted on this right.
Scivanta Medical Corporation (SCVM) announced that the results of its initial clinical trial for the Scivanta Cardiac Monitoring System (SCMS) clearly indicate that the SCMS can accurately measure cardiac performance as expected by the company. This clinical trial was performed at Kaleida Health/Millard Fillmore Hospital in Buffalo, New York. The initial clinical trial was designed to obtain data concerning the safety and efficacy of the SCMS by comparing mean left atrial pressure measurements obtained from the SCMS to left ventricular end-diastolic pressure readings measured in a simultaneous left heart catheterization procedure performed by a cardiologist in the cardiac catheterization unit. These measurements of cardiac performance are used by physicians in the critical evaluation of a patient's cardiac health.
In the initial clinical trial, the mean left atrial pressure for five patients, as determined by the SCMS, matched the left ventricular end-diastolic pressure, as determined by the left heart catheterization procedure, within 0.1mmHg to 0.5mmHg. This translates into a maximum deviation of 3.3% for the SCMS data when compared to the left heart catheterization data. These results for the SCMS are considered by Scivanta to be highly accurate. There were no adverse events reported during the course of the initial clinical trial.
Ultimate Sports, Inc. (USPS), a manufacturer and supplier to the recreational vehicle industry, issued a statement that the Thruster project is in its final stages and representatives are headed to the mountains to perform final field testing in actual snow. USI's "Thruster" system will fit all popular late model snowmobiles produced by Arctic Cat, Polaris, Ski Doo and Yamaha. Sales of this new system will be through USI's existing distributors and dealers in excess of 1,000 companies, both domestically and internationally. Existing OEMs who currently purchase USI's product line such as Arctic Cat, Polaris, Ski Doo and Yamaha, will be given an exclusive opportunity for pre-launch inspection.
3/5/10 - Market Micro Recap For Week Of 3/1/10
2/26/10 - Market Micro Recap For Week Of 2/22/10
