Hot Stock Picks | hot penny stock picks

CAT | OTCPicks Publisher

OTCPicks.com Daily Market Movers Digest Midday Report for Friday, May 18th YIPI, PSUN, GNXP, IMGG, QTEK, MCII, HFBG Our Stocks to Watch today include Yippy Inc. (OTCQX: YIPI), Pacific Sunwear of California Inc. (Nasdaq: PSUN), Guinness Exploration Inc. (OTCBB: GNXP), Imaging3 Inc. (OTCBB: IMGG), Quintek Technologies Inc. (OTC: QTEK), Mariner`s Choice International Inc. (OTC: MCII) and Hall of Fame Beverages Inc. (OTC: HFBG).

Visit http://otcpicknews.com/emailmarketer/link.phpM940&N34&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.

YIPPY INCORPORATED (OTCQX: YIPI) Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L39&F=T Company Profile:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L84&F=T Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops educational and reference search technologies, content aggregation services and application services environments for both consumer and commercial market segments. The Company operates several online web properties and educational reference portals. Yippy, Inc. has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. The Company began operations in 2009.

YIPI News:

May 15 – Yippy, Inc. Appoints Two New Board Members, Mr. Morton Fink & Ms.

Debbie Sharken Yippy, Inc. (OTCQX: YIPI) (www.yippy.com) (“Yippy” or the “Company”), providers of the world`s fastest, family friendly search engine and web portal reported that the board has appointed two additional board members effective immediately.

The Elected:

Mr. Morton Fink Mr. Fink`s distinguished career has included executive management positions in the media, broadcast, cable and electronics industries. His experience provides a unique combination of management, leadership, and entrepreneurial skills. Mr. Fink was the founding CEO of Warner Home Video; his efforts drove Warner`s dominant worldwide market share.

As Senior Vice President of Sony Corporation of America, he launched Betamax, established Sony Broadcast and the U.S. Technology Center. As Executive VP of United Satellite Communications, Mr. Fink developed marketing, sales and distribution strategies and managed satellite and ground operations as well as customer service for the first DBS entertainment start-up. Mr. Fink also served as the President of Cablevision`s Home Video Division, and as Vice President of the CBS Comtec Group.

Currently, he consults for the Office of the Chairman at Cablevision System Corporation, working with a small team, hand-in-hand with the Founder and Chairman of the company, Charles Dolan. There, he analyzes and evaluates opportunities to take the core competencies of the corporation to areas outside the Company`s current cable footprint domestically and internationally. He also analyzes and evaluates investment opportunities in Emerging Global, Ethnic and IPTV Ventures. Mr. Fink holds a BS in Business Administration from New York University.

“I am pleased to be a part of Yippy,” stated Mr. Morton Fink. “As I learned more about the company in my due diligence process, a couple of personal opinions became apparent. First, the company possesses significant intellectual property related to the aggregation and distribution of information over the web. Two, there are certainly competing companies that are going to want these advanced capabilities.” “Management has done an excellent job in creating value through the creation and acquisition of intellectual property, rights to content and licenses. The true value is yet to be determined,” concluded Mr. Fink.

Ms. Debbie Sharken For almost 20 years, Ms. Sharken has been an expert in consumer direct marketing, relationship marketing, and advertising. She has honed her skills at top-notch agencies like McCann Relationship Marketing, Grey Direct, and Saatchi & Saatchi Wellness. Ms. Sharken has built her career on her abilities to create strategic, customized marketing campaigns that develop lasting relationships between brands and their customers. She has extensive experience across all marketing channels and disciplines, including a deep expertise in building digital businesses. Ms. Sharken is currently the Chief Marketing Officer at the Direct Marketing Association and is helping to lead the organization and its members meet the challenges of today`s marketplace. She holds a BS in Advertising from Syracuse University.

“When I was first introduced to Yippy, Inc., I was intrigued by the offering of a full-time safe, search environment that would weed out irrelevant and inappropriate results,” stated Ms. Sharken. “I thought, finally, there`s a way to receive more precise results without revising your search multiple times. I quickly learned that Yippy capabilities go far beyond that.” Sharken continues, “There is another side of Yippy that I found equally impressive and one that fulfills an unmet need in the marketplace. Yippy can create custom, vertical consumer search engines for any brand, company or category. This is the next iteration in a world where “content is king” and brands are clamoring to create original content, ultimately becoming pseudo-publishers. By creating cloud-based, focused, vertical search engines, Yippy allows brands to maximize their original content over the internet, virtually double their organic online presence and search rankings, and add more value to the brand experience. I`m excited about introducing Yippy`s unique solutions to agencies and brands.” PACIFIC SUNWEAR OF CALIFORNIA (NASDAQ: PSUN) “Up 10.17% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L96&F=T Pacific Sunwear of California, Inc. and its subsidiaries (collectively, “PacSun” or the “Company”) is a leading specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.

The Company sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults. As of May 17, 2012, the Company operates 729 stores in all 50 states and Puerto Rico.

PSUN News:

May 17 – Pacific Sunwear Announces First Quarter Operating Results; Issues Second Quarter Guidance Pacific Sunwear of California, Inc. (Nasdaq: PSUN) (the “Company”), announced that net sales from continuing operations for the first quarter of fiscal 2012 ended April 28, 2012, were $173.8 million versus net sales of $171.9 million for the first quarter of fiscal 2011 ended April 30, 2011. Total Company same-store sales increased 1% during the period.

On a GAAP basis, the Company reported a loss from continuing operations of $15.6 million, or $(0.23) per share, for the first quarter of fiscal 2012, compared to a loss from continuing operations of $28.7 million, or $(0.43) per share, for the first quarter of fiscal 2011. The loss from continuing operations for the Company`s first quarter of fiscal 2012 included a non-cash gain of $6.3 million, or $0.09 per share, related to a derivative liability that resulted from the issuance of the Convertible Series B Preferred Stock (the “Series B Preferred”) in connection with the term loan financing the Company completed in December 2011.

On a non-GAAP basis, excluding the non-cash gain on derivative liability and using a normalized annual income tax rate of approximately 37%, the Company`s loss from continuing operations for the first quarter of fiscal 2012 would have been $13.7 million, or $(0.20) per share, as compared to a loss from continuing operations of $18.1 million, or $(0.27) per share, for the same period a year ago.

“We had a strong second half of the quarter that led to sales at the high end of our guidance and gross margins which exceeded plan, resulting in close to a $10 million improvement in our pre-tax operating results compared to the first quarter of last year,” said Gary H. Schoenfeld, President and Chief Executive Officer. “As we begin to re-establish PacSun`s relevance and connection with our target customers, we achieved positive comps in both genders for the first time since 2005 and are optimistic that these positive trends can continue as reflected in our guidance for the second quarter.” Financial Outlook for Second Fiscal Quarter of 2012 The Company`s guidance range for the second quarter of fiscal 2012 contemplates a non-GAAP net loss from continuing operations of between $(0.11) and $(0.16) per share.

The forecasted second quarter non-GAAP loss from continuing operations per share guidance range is based on the following assumptions:

* Same-store sales of negative 1 to plus 4%; * Gross margin rate, including buying, distribution and occupancy, of 24% to 26%; * SG&A expenses in the range of $62 million to $64 million; and * A normalized annual income tax rate of approximately 37%.

The Company`s second fiscal quarter of 2012 guidance range excludes the quarterly impact of the change in the fair value of the derivative liability due to the inherently variable nature of this financial instrument.

Discontinued Operations In accordance with applicable accounting literature and consistent with the Company`s financial statement presentation in its fiscal 2011 annual report, the Company has reclassified the results of operations of its closed stores as discontinued operations for all periods presented, as applicable.

Derivative Liability In fiscal 2011, as a result of the issuance of the Series B Preferred in connection with the Company`s $60 million senior secured term loan financing with an affiliate of Golden Gate Capital, the Company recorded a derivative liability equal to approximately $15.0 million, which represents the fair value of the Series B Preferred upon issuance. In accordance with applicable U.S. GAAP, the Company has marked this derivative liability to fair value through earnings and will continue to do so on a quarterly basis until the shares of Series B Preferred are either converted into shares of PacSun common stock or until the conversion rights expire (December 2021).

The Company`s second fiscal quarter of 2012 earnings guidance excludes the quarterly impact of the change in the fair value of the derivative liability due to the inherently variable nature of this financial instrument.

GUINNESS EXPLORATION INCORPORATED (OTCBB: GNXP) “Up 214.29% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L97&F=T Guinness Exploration, Inc. engages in the exploration and development of mineral properties in Canada. It primarily explores for gold and silver.

The company was founded in 2005 and is based in Wellington, New Zealand.

GNXP News:

No recent news for Guinness Exploration, Inc. (OTCBB: GNXP).

IMAGING3 INCORPORATED (OTCBB: IMGG) “Up 46.67% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L98&F=T Imaging3, Inc., founded in 1993, is a leading provider of advanced technology medical imaging devices. The Company has developed a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time. Because these 3D images are instantly constructed in real-time, they can be used for any current or new medical procedures in which multiple frames of reference are required to perform medical procedures on or in the human body.

IMGG News:

May 17 – Imaging3 to Host Conference Call Imaging3, Inc. (OTCBB: IMGG), developer of a breakthrough medical imaging device that produces 3D medical diagnostic images of virtually any part of the human body in real-time, announced that at 2:00pm PDT (5:00pm EDT), Monday, May 21st, 2012, the company`s CEO, Mr. Dean Janes, will be hosting a conference call. To join the conference call, please call 1-888-205-6786 and enter passcode 161478 followed by the pound sign (#).

You will be connected to the conference call in a listen only mode, and then lines will be opened for questions following the presentation.

The purpose of the call is to update Shareholders and other interested parties of the current developments with the company.

A limited number of lines will be available for this conference call. The lines will open up 5 minutes prior to the start of the call.

A recording of the conference call will be made available on the company`s website as soon as it is available. Imaging3 will notify shareholders and others who subscribe to the company newsletter.

QUINTEK TECHNOLOGIES INCORPORATED (OTC: QTEK) “Up 254.55% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L99&F=T Quintek Technologies, Inc., together with its subsidiaries, provides back office services and solutions to organizations principally in the United States. It offers back office services and solutions through out-sourcing/in-sourcing services, consulting services, and solution sales.

The companys business process include business records storage and management consulting services ranging from consulting, digitizing, indexing, and uploading of source documents; disaster recovery / business continuity solutions, which provide availability and remote disaster recovery of Microsoft Exchange, as well as enable companies to deploy email continuity by protecting mission -critical Microsoft Exchange Servers; and document destruction services, including the destruction of confidential records. Quintek also sells hardware, software, and services for chemical-free desktop microfilm printer used in printing aperture cars from electronic files used for document management and archival storage. The company was founded in 1991 and is headquartered in Huntington Beach, California.

QTEK News:

No recent news for Quintek Technologies, Inc. (OTC: QTEK).

MARINER`S CHOICE INTERNATIONAL (OTC: MCII) “Up 66.67% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L36&F=T Mariner`s Choice manufactures and markets high-performance, eco-safe commercial, industrial and retail products utilizing leading-edge readily biodegradable technologies. Each product is tested to exacting standards and superior performance levels that often exceed those of comparable products that contain harmful compounds or ingredients. Some of the company`s “green” products employ nanotechnology.

MCII News:

May 14 – Mariner`s Choice Links Up With Television and Radio Personality, Captain Kevin Faver Increases Internet Presence With E-Commerce Mariner`s Choice International, Inc. (OTC: MCII), a North American manufacturer and marketer of an extensive line of ecologically-safe products for the marine and other industry segments, today announced that they have partnered with Captain Kevin Faver to promote online sales of Mariner`s Choice recreational boating products.

Renowned fishing guide, radio and television personality, Captain Kevin Faver of Florida, has integrated Mariner`s Choice product line on their web site (www.tailsfromtheoutdoorsshow.com). They had showcased the products at the well-attended annual event, Southeastern Boat Show, which took place April 20-22, 2012, in Jacksonville, Florida.

“We have always loved the performance of Mariner`s Choice boating products and now being able to offer them directly to our loyal followers is a great opportunity. Our radio and television shows are gaining popularity everyday, and now rounding out our media exposure by adding the web site with e-commerce capability further increases the momentum. Also, we intend to integrate the products into promotional spots on our radio and television shows to feature this quality product line,” stated Captain Faver.

Amie Hingston, President & CEO of Mariner`s Choice stated, “We are very excited to have Kevin and his team onboard with us. Their high profile and keen interest is a winning combination to increasing awareness of the Mariner`s Choice brand to boaters.” The Tails From the Outdoors Show serves the US online customers, while Mariner`s Choice has launched its own e-commerce site for Canadian boaters (www.marinerschoiceonline.com).

Mariner`s Choice continues its sales and marketing efforts in the bioremediation sector and has been making strides. In due course, the company will be announcing the name change and strategy to better reflect the evolving business developments.

HALL OF FAME BEVERAGES INCORPORATED (OTC: HFBG) “Up 100.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N34&L54&F=T Hall of Fame Beverages, Inc. is an innovative new lifestyle company dedicated to building long-term success both through the creation of a unique and recognizable brand name, and through the integration of commercial success with social awareness. Convinced that “success” in business has long been too narrowly defined, Hall of Fame Beverages was founded by a group of visionary beverage industry executives who shared a common goal of leveraging the power of commerce in a way that was consistent with their desire to foster greater inclusion in the business world. The team of seasoned industry executives have set out to become one of the leaders in the beverage industry through developing, distributing and marketing their signature product lines.

HFBG News:

May 16 – Hall of Fame Beverages Announces Product Placement & Corporate Direction Hall of Fame Beverages, Inc. (OTC: HFBG) has placed more of its products, Grand Ma Ma`s Sweet Southern Tea & Top Dogg Male Enhancement, in the Northeast and around Southern California.

The Company`s Tea product was placed in 36 new locations around the Northeast US; including, Hartford, Fairfield and Manchester, Connecticut, Jersey City and Freehold, New Jersey, and in Astoria, Maspeth, Brentwood, Long Island City, Jackson Heights, and Ozone Park, New York. There were also a number of reorders for stores in Baltimore, Maryland, and throughout New York State and New York City.

Top Dogg Male Enhancement has been placed in 65 new locations around Southern California; including, a number of select 7-Eleven locations, Mobil, 76, AM/PM, Chevron and Shell Gas Stations, and in a number of liquor stores and local mom and pop markets.

The reaction to Top Dogg, both online and in stores, has been fantastic, and the Company is continuing to get lots of requests to carry the product.

Hall of Fame continues to work aggressively to place and market Top Dogg in many different types of stores.

Executives have contracted to mail out more than 1-million advertisements to draw customers to shop for Top Dogg online.

The Company is strongly focusing on the male enhancement because of the revenues it can generate versus Hall of Fame`s beverages. A bottle of Top Dogg is selling for $19.95/bottle online, a single capsule packet sells for $5.95 online and in stores, the single capsule packet sells for $5.99-$7.99.

Company management has sold, marketed, produced and packaged Top Dogg Male Enhancement and laid the groundwork for the success Hall of Fame is now seeing with the placement of the product. It is this same infrastructure and planning that will now be applied to the Company`s beverages.

The Executives at Hall of Fame have taken a long look into every aspect of the Company over the last two months, and they have decided to make some key changes in the business model to bring shareholder`s more value sooner.

The Company will spend the rest of 2012 building an infrastructure for the success of the beverages. Instead of producing and trying to place beverages during or after “beverage season,” Hall of Fame will aggressively sell and market the Company`s beverages for the remainder of 2012, and it will be ready to compete during the 2013 “beverage season.” This is the approach Hall of Fame should have taken from day one with its beverages. Sales, production, distribution and marketing will be thoroughly planned and each produced bottle will have a home prior to production.

After building the infrastructure and generating production and distribution revenues for the beverages from other products, Hall of Fame will approach beverage season 2013 from a position of strength for the first time in company history.

The remainder of the produced Grand Ma Ma`s Sweet Southern Tea will be distributed throughout the Northeast with our master distributor in that region.

In addition to laying the infrastructure for beverage season 2013, next week the Company will be announcing an aggressive new plan to market Larry Johnson and his link to the Sweet Tea now that he`s back working in the NBA. Also, Alex Johnson, the Company`s Chief Financial Officer will be announcing some new aggressive funding plans that the Company will take advantage of to further its beverage products.

OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it.

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N34&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N34&L=8&F=T.

Disclosure: OTCPicks.com and affiliates have been compensated twenty thousand dollars by the company for a four-day YIPI investor awareness campaign.

 

· · · · · · · · · · ·

May/12

17

OTCPicks.com Stocks to Watch for Friday, May 18th

OTCPicks.com Stocks to Watch for Friday, May 18th YIPI, OHBK, EFIR, BBDA, GALE, SEFE Our Stocks to Watch today include Yippy Inc. (OTCQX: YIPI), Old Harbor Bank (OTC: OHBK), EGPI Firecreek Inc. (OTCBB: EFIR), Bebida Beverage Co. (OTC:

BBDA), Galena Biopharma Inc. (NASDAQ: GALE) and SEFE Inc. (OTCBB: SEFE).

YIPPY INCORPORATED (OTCQX: YIPI) “Up 25.71% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N31&L39&F=T Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops educational and reference search technologies, content aggregation services and application services environments for both consumer and commercial market segments. The Company operates several online web properties and educational reference portals. Yippy, Inc. has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. The Company began operations in 2009.

YIPI News:

May 15 – Yippy, Inc. Appoints Two New Board Members, Mr. Morton Fink & Ms.

Debbie Sharken Yippy, Inc. (OTCQX: YIPI) (www.yippy.com) (“Yippy” or the “Company”), providers of the world`s fastest, family friendly search engine and web portal reported that the board has appointed two additional board members effective immediately.

The Elected:

Mr. Morton Fink Mr. Fink`s distinguished career has included executive management positions in the media, broadcast, cable and electronics industries. His experience provides a unique combination of management, leadership, and entrepreneurial skills. Mr. Fink was the founding CEO of Warner Home Video; his efforts drove Warner`s dominant worldwide market share.

As Senior Vice President of Sony Corporation of America, he launched Betamax, established Sony Broadcast and the U.S. Technology Center. As Executive VP of United Satellite Communications, Mr. Fink developed marketing, sales and distribution strategies and managed satellite and ground operations as well as customer service for the first DBS entertainment start-up. Mr. Fink also served as the President of Cablevision`s Home Video Division, and as Vice President of the CBS Comtec Group.

Currently, he consults for the Office of the Chairman at Cablevision System Corporation, working with a small team, hand-in-hand with the Founder and Chairman of the company, Charles Dolan. There, he analyzes and evaluates opportunities to take the core competencies of the corporation to areas outside the Company`s current cable footprint domestically and internationally. He also analyzes and evaluates investment opportunities in Emerging Global, Ethnic and IPTV Ventures. Mr. Fink holds a BS in Business Administration from New York University.

“I am pleased to be a part of Yippy,” stated Mr. Morton Fink. “As I learned more about the company in my due diligence process, a couple of personal opinions became apparent. First, the company possesses significant intellectual property related to the aggregation and distribution of information over the web. Two, there are certainly competing companies that are going to want these advanced capabilities.” “Management has done an excellent job in creating value through the creation and acquisition of intellectual property, rights to content and licenses. The true value is yet to be determined,” concluded Mr. Fink.

Ms. Debbie Sharken For almost 20 years, Ms. Sharken has been an expert in consumer direct marketing, relationship marketing, and advertising. She has honed her skills at top-notch agencies like McCann Relationship Marketing, Grey Direct, and Saatchi & Saatchi Wellness. Ms. Sharken has built her career on her abilities to create strategic, customized marketing campaigns that develop lasting relationships between brands and their customers. She has extensive experience across all marketing channels and disciplines, including a deep expertise in building digital businesses. Ms. Sharken is currently the Chief Marketing Officer at the Direct Marketing Association and is helping to lead the organization and its members meet the challenges of today`s marketplace. She holds a BS in Advertising from Syracuse University.

“When I was first introduced to Yippy, Inc., I was intrigued by the offering of a full-time safe, search environment that would weed out irrelevant and inappropriate results,” stated Ms. Sharken. “I thought, finally, there`s a way to receive more precise results without revising your search multiple times. I quickly learned that Yippy capabilities go far beyond that.” Sharken continues, “There is another side of Yippy that I found equally impressive and one that fulfills an unmet need in the marketplace. Yippy can create custom, vertical consumer search engines for any brand, company or category. This is the next iteration in a world where “content is king” and brands are clamoring to create original content, ultimately becoming pseudo-publishers. By creating cloud-based, focused, vertical search engines, Yippy allows brands to maximize their original content over the internet, virtually double their organic online presence and search rankings, and add more value to the brand experience. I`m excited about introducing Yippy`s unique solutions to agencies and brands.” OLD HARBOR BANK (OTCBB: OHBK) “Up 175.86% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N31&L91&F=T Old Harbor Bank provides commercial banking services in Pinellas, southwestern Pasco, and northwestern Hillsborough Counties, Florida. It offers personal and business checking accounts, including money market, basic checking, interest checking, small business, and senior checking accounts; and business savings accounts and certificates of deposit. The company also offers commercial term, construction, and real estate loans; commercial and home equity lines of credit; and consumer, home, and home improvement loans. Old Harbor Bank was founded in 2003 and is headquartered in Clearwater, Florida.

OHBK News:

No recent news for Old Harbor Bank (OTC: OHBK).

EGPI FIRECREEK INCORPORATED (OTCBB: EFIR) “Up 50.00% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N31&L99&F=T EGPI Firecreek, Inc.`s business and acquisition strategy is focused on producing oil and gas. The Company puts emphasis on acquiring existing fields with proven reserves or by the rehabilitation of oilfields with potentially high throughput. Through its wholly owned subsidiary Energy Producers, Inc., it acquires resource properties and inventories. Through its wholly owned subsidiary Chanwest Resources, LLC it operates as an oil and gas service business. EGPI Firecreek, Inc. is also planning to expand into producing energy through alternative energy sources through their recently acquired Arctic Solar Engineering subsidiary.

EFIR News:

No recent news for EGPI Firecreek, Inc. (OTCBB: EFIR).

BEBIDA BEVERAGE COMPANY (OTC: BBDA) “Up 33.33% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N31&L5&F=T BeBevCo (Bebida Beverage Company) develops, manufactures and markets beverages including Koma Unwind “Chillaxation Drink,” Koma Unwind Sugar-free “Chillaxation Drink,” and Koma Unwind “Chillaxation Shot” as well as Potencia Energy Drink, Potencia “BLAST” energy shot and Piranha Water.

BBDA News:

May 10 – Former Red Bull Driver Scott Speed to Pilot KOMA UNWIND Relaxation drink @ Darlington NASCAR Sprint Cup Event.

Bebida Beverage Company (OTC: BBDA) (BeBevCo), a developer, manufacturer and marketer of liquid relaxation products, announced the company has made a deal with Go Green Racing to be the primary sponsor on their NASCAR Sprint Cup series Ford. The fastest-growing relaxation drink in the world, KOMA UNWIND, will join Go Green Racing and their driver SCOTT SPEED for this week`s installment at the “Too Tough to Tame” Darlington Speedway for the Bojangles Southern 500. This will be the team`s second Sprint Cup attempt. Veteran Cup Champion crew Chief Paul Andrews will call the shots.

The Bojangles Southern 500 will be covered on the Fox Sports Network. The race starts at 7:00 PM Eastern Time.

Through the exposure of sponsorships, BeBevCo is on a mission to engage every NASCAR race fan on Facebook and Twitter @KOMAUNWINDnews from around the world.

“How cool is it when you can build your brand of relaxation drink by backing a driver with a history of building the number one energy drink in both Formula 1 and NASCAR Sprint Cup Scott will do a great job for us,” said BeBevCo CEO Brian Weber. “I bet Scott and his wife have a bigger need for a relaxation drink than energy drink now with a new baby!” said Brian Weber. “It doesn`t matter if you`re chilling by the pool, stressing before an exam or just had a stressful day, KOMA UNWIND is your liquid solution,” added Brian.

GALENA BIOPHARMA INCORPORATED (NASDAQ: GALE) “Up 28.00% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N31&L53&F=T Galena Biopharma, Inc., a biotechnology company, engages in discovering, developing, and commercializing innovative therapies addressing unmet medical needs using targeted bio therapeutics. The company is pursuing the development of cancer therapeutics using peptide-based immunotherapy products, including its main product candidate, NeuVax (E75), for the treatment of various cancers. It is also developing Folate Binding Protein-E39 (FBP), a targeted vaccine aimed at preventing the recurrence of ovarian, endometrial, and breast cancers. The company was formerly known as RXi Pharmaceuticals Corporation and changed its name to Galena Biopharma, Inc. in September 2011. Galena Biopharma, Inc. was founded in 2003 and is headquartered in Lake Oswego, Oregon.

GALE News:

May 14 – Galena Biopharma Reports First Quarter 2012 Financial Results Galena Biopharma (NASDAQ: GALE), a biotechnology company focused on developing innovative, targeted oncology treatments addressing major unmet medical needs to advance cancer care, reported its financial results for the quarter ended March 31, 2012 and provided an update on recent business developments.

Operating loss for the three months ended March 31, 2012 increased to $5.6 million, versus $5.2 million for the three months ended March 31, 2011. The increase of $0.4 million in operating loss was due primarily to an increase of $1.5 million for research and development expense partially offset by a $1.1 million decrease in general and administrative expense. Net loss for the three months ended March 31, 2012 was $24.8 million or $0.52 per share, versus a net loss of $3.8 million, or $0.19 per share, for the three months ended March 31, 2011. Other expense for the three months ended March 31, 2012 was $19.2 million, versus other income of $1.4 million. The increase of $20.6 million in other expense was due primarily to an increase of $19.8 million in non-cash expense for the change in the fair value of warrants accounted for as a liability and an increase of $0.8 million in non-cash expense related to the change in fair value of a contingent purchase price consideration liability.

As of March 31, 2012, the Company had cash and cash equivalents of $8.7 million, compared with cash and cash equivalents of $11.4 million as of December 31, 2011. As of April 30, 2012, the Company`s cash and cash equivalents totaled $24.9 million.

“With additional funding from our April financing and the recent exercises of a majority of our outstanding warrants, we have approximately $25 million in cash to advance our late-stage cancer immunotherapy pipeline and have significantly simplified our capital structure,” stated Mark J. Ahn, Ph.D., President and Chief Executive Officer. “We are grateful for the support of our shareholders throughout our transition over the past year, and we are tightly focused on accelerating our progress and building shareholder value. We continue to add investigational sites and accrue patients into our NeuVax Phase 3 PRESENT trial, as well as advance clinical studies with both NeuVax in combination therapy and FBP.” Recent Business Highlights * Completed $14.5 million public offering of common stock, bringing the company`s cash and cash equivalents to a total of $24.9 million as of April 30, 2012. Galena intends to use the net proceeds of the offering for working capital and other general corporate purposes, including the Phase 3 NeuVax (E75) PRESENT (Prevention of Recurrence in Early-Stage, Node-Positive Breast Cancer with Low to Intermediate HER2 Expression with NeuVax Treatment) clinical trial, Phase 1/2 clinical trials of Folate Binding Protein-E39 (FBP) and a planned Phase 2 trial of NeuVax in combination with Herceptin (trastuzumab; Genentech/Roche).

* Strengthened intellectual property positions with notices of allowance for U.S. patents.

1) NeuVax patent covers the use for treating Phase 3 target population of low-to-intermediate (IHC 1+/2+) HER2 patients. The patent provides NeuVax exclusivity for this indication until 2028, not including any patent term extensions.

2) Composition of Matter patent covers FBP peptide variants for individual or expanded use in combination with the FBP vaccine, E39. The patent provides exclusivity until 2029, not including any patent term extensions, and also protects new methodology of peptide vaccination with wide applicability.

* Completed partial spin-off of RXi Pharmaceuticals Corporation. RXi is now operating as an independent, publicly-traded company. A one-for-one dividend of RXi common stock was recently paid to Galena stockholders.

Galena retains a minority equity interest in RXi along with the potential to receive up to $45 million in milestones depending on the development of RXi`s product candidates.

ABOUT NEUVAX (E75 + GM-CSF) NeuVax consists of the E75 peptide derived from human epidermal growth factor receptor 2 (HER2) combined with the immune adjuvant granulocyte macrophage colony-stimulating factor (GM-CSF). Treatment with NeuVax stimulates cytotoxic (CD8+) T cells in a highly specific manner to target cells expressing any level of HER2. NeuVax is given as an intradermal injection once a month for six months, followed by a booster injection once every six months. Based on a successful Phase 2 trial that achieved its primary endpoint of disease-free survival, the Food and Drug Administration granted NeuVax a Special Protocol Assessment for its Phase 3 PRESENT (Prevention of Recurrence in Early-Stage, Node-Positive Breast Cancer with Low to Intermediate HER2 Expression with NeuVax Treatment) study. The Phase 3 trial is ongoing and additional information on the study can be found at www.neuvax.com.

According to the National Cancer Institute, over 200,000 women in the U.S.

are diagnosed with breast cancer annually. Of these women, about 75% of them have breast cancer tissue that tests positive for some level of HER2 staining (IHC 1+, 2+ or 3+). Only 25% of all breast cancer patients, those with HER2 3+ disease, are eligible for Herceptin (trastuzumab; Roche-Genentech), which had revenues of over $5 billion in 2010. NeuVax targets the 50% of patients with tumors that stain low or intermediate for HER2 (HER2 1+ and 2+), who would not receive Herceptin after they successfully complete their surgery, adjuvant chemotherapy and radiation.

This provides this large group of early stage breast cancer patients an option for a HER2-targeted adjuvant treatment to maintain their disease-free status.

ABOUT FOLATE BINDING PROTEIN (E39), OR FBP Folate Binding Protein (FBP) is a targeted vaccine aimed at preventing the recurrence of ovarian, endometrial, and breast cancers. The FBP vaccine consists of the E39 peptide derived from the folate binding protein combined with the immune adjuvant granulocyte macrophage colony stimulating factor (GM-CSF). FBP is over-expressed (20-80 fold) in more than 90% of ovarian and endometrial cancers, as well as 20–50% of breast, lung, colorectal, and renal cell carcinomas. FBP has very limited tissue distribution and expression in non-malignant tissue, making it an ideal immunotherapy target.

Ovarian cancer occurs in over 22,000 patients per year in the U.S. and is the most lethal gynecologic cancer. Although the incidence of ovarian cancer is only approximately 20% of that of breast cancer, the number of patients that die from ovarian cancer is nearly 50% greater than the percentage of breast cancer patients who die from this disease. Endometrial cancer is the most common gynecologic cancer and occurs in over 46,000 women, with over 8,000 deaths in the U.S. annually. While many patients respond to initial treatment and become clinically free of disease, the majority of these patients will relapse, and, once the disease recurs, the treatment options and successes drop dramatically.

SEFE INCORPORATED (OTCBB: SEFE) “Up 30.77% on Thursday” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N31&L89&F=T SEFE focuses on pushing the boundaries of whats possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology- and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a projects sustainability from an environmental perspective.

SEFE News:

May 16 – SEFE, Inc. (OTCBB: SEFE) (SEFE) (The Company), a technology- and solutions-driven sustainability company, announced today that it is pursuing a partnership with the University of Colorados Department of Electrical and Computer Engineering. The SEFE team plans to work with both the Colorado Center for Power Electronics and the Center for Environmental Technology to perform research and development related to the physics and engineering of the Harmony III system.

We are pleased to have the privilege of working with some of the top atmospheric scientists in the world through the University of Colorado, stated Michael Hurowitz, SEFEs Director of Engineering. The university will be a critical partner in perfecting SEFE`s core technology and further developing the key aspects of the Harmony III platform.

The research partnership will seek to develop a more accurate understanding of the physics governing atmospheric corona discharge. The goal is to develop a mathematical routine and compare to experimental data gathered in testing various elements of the Harmony III system. SEFE will also engage engineering teams from the university to assist in the design and testing of various subsystems related to Harmony III.

OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it.

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N31&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N31&L=8&F=T.

Disclosure: OTCPicks.com and affiliates have been compensated twenty thousand dollars by the company for a four-day YIPI investor awareness campaign.

 

· · · · · · · · · · ·

OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, May 16th YIPI, MDMC, ROSG, SUPR, PFNO, MDCE, IHGP, SEFE Our Stocks to Watch today include Yippy Inc. (OTCQX: YIPI), Marine Drive Mobile Corp. (OTCBB: MDMC), Rosetta Genomics Ltd. (NASDAQ: ROSG), Superior Bancorp (OTC: SUPR), ParaFin Corp. (OTC: PFNO), Medical Care Technologies Inc. (OTCBB: MDCE), Interact Holdings Group Inc. (OTC: IHGP) and SEFE Inc.

(OTCBB: SEFE).

Visit http://otcpicknews.com/emailmarketer/link.phpM940&N25&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.

YIPPY INCORPORATED (OTCQX: YIPI) Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L39&F=T Company Profile:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L84&F=T Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops educational and reference search technologies, content aggregation services and application services environments for both consumer and commercial market segments. The Company operates several online web properties and educational reference portals. Yippy, Inc. has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. The Company began operations in 2009.

YIPI News:

May 15 – Yippy, Inc. Appoints Two New Board Members, Mr. Morton Fink & Ms.

Debbie Sharken Yippy, Inc. (OTCQX: YIPI) (www.yippy.com) (“Yippy” or the “Company”), providers of the world`s fastest, family friendly search engine and web portal reported that the board has appointed two additional board members effective immediately.

The Elected:

Mr. Morton Fink Mr. Fink`s distinguished career has included executive management positions in the media, broadcast, cable and electronics industries. His experience provides a unique combination of management, leadership, and entrepreneurial skills. Mr. Fink was the founding CEO of Warner Home Video; his efforts drove Warner`s dominant worldwide market share.

As Senior Vice President of Sony Corporation of America, he launched Betamax, established Sony Broadcast and the U.S. Technology Center. As Executive VP of United Satellite Communications, Mr. Fink developed marketing, sales and distribution strategies and managed satellite and ground operations as well as customer service for the first DBS entertainment start-up. Mr. Fink also served as the President of Cablevision`s Home Video Division, and as Vice President of the CBS Comtec Group.

Currently, he consults for the Office of the Chairman at Cablevision System Corporation, working with a small team, hand-in-hand with the Founder and Chairman of the company, Charles Dolan. There, he analyzes and evaluates opportunities to take the core competencies of the corporation to areas outside the Company`s current cable footprint domestically and internationally. He also analyzes and evaluates investment opportunities in Emerging Global, Ethnic and IPTV Ventures. Mr. Fink holds a BS in Business Administration from New York University.

“I am pleased to be a part of Yippy,” stated Mr. Morton Fink. “As I learned more about the company in my due diligence process, a couple of personal opinions became apparent. First, the company possesses significant intellectual property related to the aggregation and distribution of information over the web. Two, there are certainly competing companies that are going to want these advanced capabilities.” “Management has done an excellent job in creating value through the creation and acquisition of intellectual property, rights to content and licenses. The true value is yet to be determined,” concluded Mr. Fink.

Ms. Debbie Sharken For almost 20 years, Ms. Sharken has been an expert in consumer direct marketing, relationship marketing, and advertising. She has honed her skills at top-notch agencies like McCann Relationship Marketing, Grey Direct, and Saatchi & Saatchi Wellness. Ms. Sharken has built her career on her abilities to create strategic, customized marketing campaigns that develop lasting relationships between brands and their customers. She has extensive experience across all marketing channels and disciplines, including a deep expertise in building digital businesses. Ms. Sharken is currently the Chief Marketing Officer at the Direct Marketing Association and is helping to lead the organization and its members meet the challenges of today`s marketplace. She holds a BS in Advertising from Syracuse University.

“When I was first introduced to Yippy, Inc., I was intrigued by the offering of a full-time safe, search environment that would weed out irrelevant and inappropriate results,” stated Ms. Sharken. “I thought, finally, there`s a way to receive more precise results without revising your search multiple times. I quickly learned that Yippy capabilities go far beyond that.” Sharken continues, “There is another side of Yippy that I found equally impressive and one that fulfills an unmet need in the marketplace. Yippy can create custom, vertical consumer search engines for any brand, company or category. This is the next iteration in a world where “content is king” and brands are clamoring to create original content, ultimately becoming pseudo-publishers. By creating cloud-based, focused, vertical search engines, Yippy allows brands to maximize their original content over the internet, virtually double their organic online presence and search rankings, and add more value to the brand experience. I`m excited about introducing Yippy`s unique solutions to agencies and brands.” MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC) “Up 2.35% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L29&F=T Company Profile:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L35&F=T Marine Drive Mobile Corp. engages in the development of transactional mobile commerce applications and services. The companys technology platform matches merchants and consumers with the right products and services at the right time through electronic coupons. Its principal product includes eTeeoff.com, an e-couponing Website for golf industry merchants to create deals and offer their own electronic coupons. The company was formerly known as Sona Resources, Inc. and changed its name to Marine Drive Mobile Corp. in July 2011. Marine Drive Mobile Corp. was founded in 2007 and is headquartered in San Francisco, California.

MDMC News:

May 2 – Marine Drive Mobile Signs its First JV Agreement with TapIn Solutions, Unleashing an Immediate Sales Channel and New Revenue Stream Marine Drive Mobile Corp. (OTCBB: MDMC) (“Marine Drive Mobile” or the “Company”) announced that the Company has signed a Joint Venture agreement with TapIn Solutions, LLC that will introduce an immediate sales channel to reach golf courses and other businesses for our flagship product eTeeoff.com.

eTeeoff.com is a relatively new online platform targeted to serve the golf industry. With eTeeoff.com advancing to become the leader in offering golf courses the natural ability to offer deals and strategic marketing solutions to their clients, TapIn Solutions paves the road to strategically catapult eTeeoff.com to the next level.

The joint venture agreement with TapIn Solutions is to make our software available to their merchants across the country. This four-year old company, TapIn, is the golf industry`s fastest growing online services company specializing in web development and online marketing solutions.

Through its various partners, TapIn has access to over 3,400 golf courses and 450 golf product distributors across the country.

As part of the agreement with TapIn we are initially launching with approximately 150 golf courses throughout the U.S., and we are expected to be up and running in June 2012. This is the first phase of this integration, with ultimately integrating into TapIn`s entire network.

Colin MacDonald, President and CEO of Marine Drive Mobile stated, “TapIn was one company that we were introduced to at the PGA Merchandise Show in January of this year. Our two companies together, offer such synergies, that we created a win-win venture. We recognized that TapIn would give us a significant edge in procuring a solid merchant base for our flagship product, eteeoff.com and thus rapidly advance our revenue stream timeline.” Reed Thompson, President and CEO of TapIn Solutions, LLC commented, “We are very excited to be working with the eTeeoff.com platform and Marine Drive`s technical team. We love their technology; as it introduces an online gateway for our golf merchants to offer substantial deals to their customers. Marine Drive`s technology platform opens new doors for our clients and adds a critical link to be competitive in today`s golf market.

This opportunity basically allows our golf customers to be in the drivers seat, in other words, they will have full control over their marketing needs by using eTeeoff.com`s Deal Management System.” ABOUT TAPIN SOLUTIONS, LLC.

TapIn Solutions provides the most comprehensive online, on-demand sales and marketing solutions available exclusively for the Golf Industry. TapIn begins with a truly unique website design, and along with 17 unique modules in its Content Management System (CMS) give their golf customers a distinct advantage over their competition, and this endears TapIn to its customer base. Golf Course operators also look to TapIn for detailed marketing plans, email marketing advice, and overall business & marketing expertise.

ROSETTA GENOMICS LIMITED (NASDAQ: ROSG) “Up 289.51% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L34&F=T Rosetta Genomics develops and commercializes a full range of microRNA-based molecular diagnostics. Founded in 2000, the Company`s integrative research platform combining bioinformatics and state-of-the-art laboratory processes has led to the discovery of hundreds of biologically validated novel human microRNAs. Building on its strong patent position and proprietary platform technologies, Rosetta Genomics is working on the application of these technologies in the development and commercialization of a full range of microRNA-based diagnostic tools. The Company`s miRview product line is commercially available through its Philadelphia-based CAP-accredited, CLIA-certified lab.

ROSG News:

May 16 – Rosetta Genomics Achieves Major Commercial Milestone by Obtaining Medicare Coverage of miRview mets2 Assay Medicare Beneficiaries to Gain Access to Proprietary Test to Identify Tumor Origin in Cancer of Unknown and Uncertain Primary Rosetta Genomics Ltd. (NASDAQ: ROSG), a leading developer and provider of microRNA-based molecular diagnostic tests, today announced that Novitas, the designated Medicare Administrative Contractor for the Company`s miRview mets assay, has informed Rosetta that it plans to cover this assay for all Medicare beneficiaries. MiRview mets accurately identifies the primary tumor of origin in primary and metastatic cancer including Cancer of Unknown or Uncertain Primary (“CUP”).

“This is a major commercial achievement for Rosetta Genomics as Medicare coverage is a critical step toward widespread commercial adoption and payment for our lead diagnostic assay, miRview mets, and enables access to this clinically valuable test to Medicare patients. This decision is important not only because Medicare is the largest U.S. payor, covering a large percentage of the patients for whom miRview mets has been ordered historically and would be expected to be ordered in the future, but also because private payors often look to Medicare`s decisions when setting their own reimbursement policies,” noted Kenneth A. Berlin, President and Chief Executive Officer of Rosetta Genomics. “We are particularly pleased with how rapidly we obtained Medicare coverage, as we launched our direct selling effort in the U.S. just one year ago.

“The decision by Novitas to cover the miRview mets assay reflects the clinical importance of determining the tumor origin in hard-to-diagnose metastatic cancers and CUP. This is particularly important as new, targeted cancer treatments are developed for site-specific cancers. We believe that the miRview mets assay is an important tool that can improve the ability of physicians to accurately diagnose CUP in order to optimize treatment plans,” added Mr. Berlin.

The policy will cover the 45 million Medicare beneficiaries and will enable Rosetta to provide the miRview mets2 assay for Medicare beneficiaries throughout the U.S. at no cost to the patient, thereby eliminating an adoption barrier for the physician ordering the test and for the patient.

Novitas` decision is based on the extensive body of clinical data published in peer-reviewed journals from clinical studies conducted internally as well as at leading institutions. Once the Novitas decision is finalized with respect to reimbursement level, we will focus our efforts on obtaining appropriate coverage and reimbursement from commercial payors.

“This coverage decision will allow all appropriate Medicare patients access to the miRview mets assay and further recognizes the value that our assays are delivering to physicians, payors and patients. We look forward to continuing our dialogue with Novitas, and to their final decision on reimbursement level within the coming weeks,” concluded Mr. Berlin.

ABOUT MIRVIEW PRODUCTS miRview are a series of microRNA-based diagnostic products offered by Rosetta Genomics. miRview mets and miRview mets accurately identify the primary tumor type in primary and metastatic cancer including Cancer of Unknown Primary (CUP). miRview squamous accurately identifies the squamous subtype of non-small cell lung cancer, which carries an increased risk of severe or fatal internal bleeding and poor response to treatment for certain therapies. miRview meso diagnoses mesothelioma, a cancer connected to asbestos exposure. miRview lung accurately identifies the four main subtypes of lung cancer using small amounts of tumor cells.

miRview kidney accurately classifies the four most common kidney tumors:

Clear Cell Renal Cell Carcinoma (RCC), Papillary RCC, Chromophobe RCC and Oncocytoma. miRview tests are designed to provide objective diagnostic data; it is the treating physician`s responsibility to diagnose and administer the appropriate treatment. In the U.S. alone, Rosetta Genomics estimates that 200,000 patients a year may benefit from the miRview mets and miRview mets test, 60,000 from miRview squamous, 60,000 from miRview meso, 54,000 from miRview kidney and more than 1 million patients worldwide from miRview lung. The Company`s tests are offered directly by Rosetta Genomics in the U.S., and through distributors around the globe.

SUPERIOR BANCORP (OTC: SUPR) “Up 847.62% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L88&F=T Superior Bancorp operates as the holding company for Superior Bank that provides various banking and related services to individual and corporate customers in Alabama and Florida. It offers a range of retail and small business services, including noninterest-bearing and interest-bearing checking, savings and money market accounts, negotiable order of withdrawal accounts, certificates of deposit, and individual retirement accounts. The company also provides various consumer, small business, residential real estate, and commercial real estate loan products. In addition, it offers various financial services, such as annuities, automated teller machines, debit cards, credit-related life and disability insurance, safety deposit boxes, Internet banking, bill payment, and telephone banking. Further, the company provides investment and insurance products. As of February 9, 2010, it operated 73 locations comprising 45 locations in the state of Alabama and 28 locations in Florida; and 24 consumer finance offices in north Alabama. The company was founded in 1997 and is headquartered in Birmingham, Alabama.

SUPR News:

No recent news for Superior Bancorp (OTC: SUPR).

PARAFIN CORPORATION (OTC: PFNO) “Up 100.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L37&F=T Parafin Corporation, a development stage company, engages in the acquisition and exploration of oil and gas properties. The company executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These concessions consist of 2,456,453 hectares (approximately 6,069,994 acres) in the Alto Parana Block, Alto Parana Province, the Republic of Paraguay. The company was founded in 1978 and is based in Reno, Nevada.

PFNO News:

April 27 – ParaFin Negotiating to Monetize US$1.6 Billion ING Bank N.V.

Bearer Bonds ParaFin Corporation (OTC: PFNO) owns 800 Series FF ING Bank N.V. 5.5% June 16, 2010 EURO1,000,000 Bearer Bonds issued June 16, 2000. To finance acquisitions and hydrocarbon exploration in the U.S.A., representatives of ParaFin Corporation, have been actively negotiating with financial institutions to monetize the 800 Series FF ING BANK N.V. 5.5% June 16, 2010 EURO1,000,000 Bearer Bonds.

The value of the 800 Series FF ING Bank N.V. Bearer Bonds owned by ParaFin is in excess of US$1.6 Billion. The first admission by ING Bank N.V. that ING Bank N.V. issued Series FF June 16, 2010 Bearer Bonds in June, 2000 was received in a letter from the attorneys for ING Bank N.V. to Attorneys for ParaFin.

MEDICAL CARE TECHNOLOGIES INCORPORATED (OTCBB: MDCE) “Up 18.18% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L44&F=T Medical Care Technologies Inc. is traded under the symbol “MDCE” on the OTCBB and is headquartered in Beijing, China. MDCE, through joint ventures or Chinese subsidiaries, develops a network of children`s health facilities in the larger urban areas throughout China. Services are geared towards the advancing economic middle-class and upper class Chinese families.

Specializing in the care of children between the ages of 3 to 16, MDCE`s role is to enhance the overall well-being of the family and community and to expand its pediatric services to include preventative health and wellness education. MDCE, through its children`s health facilities, will also distribute a diverse range of industry-leading pharmaceutical and nutraceutical product lines. MDCE`s main mission is simple to become a healthcare service provider leader in children`s health.

MDCE News:

April 30 – Medical Care Technologies Inc. Receives $10 Million Reserve Equity Financing From AGS Capital Group, LLC Medical Care Technologies Inc. (OTCBB: MDCE), a growing children`s healthcare service provider, is extremely pleased to announce that it has received a Reserve Equity Financing of US$10,000,000 over a term of 4 years.

The Reserve Equity Financing (“REF”) with AGS Capital Group, LLC, is a comprehensive financing solution that will provide direct investment capital of up to $10 million without putting undue stress upon the Company`s share capital structure. It is an inexpensive and flexible financing strategy in which the Company controls the amount of any advance and its timing the how and when, therefore, regulating and minimizing any potential impairment to its share structure.

“We believe this funding will provide us with the flexibility needed to expand our business,” said Luis Kuo, Chief Operating Officer. “As the demand in China to implement our business model and to expand our children`s health centers to other locations has been overwhelming, securing the right financing will give us the ability to manage both the long-term growth of the Company and shareholder value.” Ning Wu, Chief Executive Officer, stated, “We are excited to be entering into a relationship with a strong financial partner. It took research and many months to come to what we believe will turn the tides for Medical Care Technologies Inc. This type of financing will allow us to grow, concentrating our efforts on developing, building and staffing of children`s health centers without the constant pressure of financing.” “We believe that there is a tremendous market in China for the services that Medical Care Technologies Inc. provides and see significant growth for the company during the next year,” says Allen Silberstein, Chief Investment Officer of AGS Capital Group.

INTERACT HOLDING GROUP INCORPORATED (OTC: IHGP) “Up 133.33% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L28&F=T Interact Holdings Group, Inc. provides infrastructure management and technology services. It intends to restructure its business through the acquisition of additional business opportunities. History Interact Holdings Group, Inc. was incorporated on 2001.

IHGP News:

No recent news for Interact Holdings Group, Inc. (OTC: IHGP).

SEFE INCORPORATED (OTCBB: SEFE) “Up 24.75% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N25&L89&F=T SEFE focuses on pushing the boundaries of whats possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology- and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a projects sustainability from an environmental perspective.

SEFE News:

May 16 – SEFE, Inc. (OTCBB: SEFE) (SEFE) (The Company), a technology- and solutions-driven sustainability company, announced today that it is pursuing a partnership with the University of Colorados Department of Electrical and Computer Engineering. The SEFE team plans to work with both the Colorado Center for Power Electronics and the Center for Environmental Technology to perform research and development related to the physics and engineering of the Harmony III system.

We are pleased to have the privilege of working with some of the top atmospheric scientists in the world through the University of Colorado, stated Michael Hurowitz, SEFEs Director of Engineering. The university will be a critical partner in perfecting SEFE`s core technology and further developing the key aspects of the Harmony III platform.

The research partnership will seek to develop a more accurate understanding of the physics governing atmospheric corona discharge. The goal is to develop a mathematical routine and compare to experimental data gathered in testing various elements of the Harmony III system. SEFE will also engage engineering teams from the university to assist in the design and testing of various subsystems related to Harmony III.

OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it.

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N25&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N25&L=8&F=T.

Disclosure: OTCPicks.com and affiliates have been compensated twenty thousand dollars by the company for a four-day YIPI investor awareness campaign. OTCPicks.com and affiliates are being compensated fifty thousand dollars by a third party (New Market Traders LTD) for a two-week investor awareness campaign.

 

· · · · · · · · · · · ·

OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, May 15th YIPI, MDMC, PLCC, FFN, NXOI, BTZO, PWLK, DGRI Our Stocks to Watch today include Yippy Inc. (OTCQX: YIPI), Marine Drive Mobile Corp. (OTCBB: MDMC), Paulson Capital Corp. (NASDAQ: PLCC), FriendFinder Networks Inc. (NASDAQ: FFN), Next 1 Interactive Inc. (OTCBB:

NXOI), Bitzio Inc. (OTCBB: BTZO), Powerlock International Corp. (OTC: PWLK) and Dutch Gold Resources Inc. (OTC: DGRI).

Visit http://otcpicknews.com/emailmarketer/link.phpM940&N20&L1&F=T to register for our Daily Market Movers Digest Newsletter and Email Stock Watch Alerts.

YIPPY INCORPORATED (OTCQX: YIPI) Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L39&F=T Company Profile:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L84&F=T Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops educational and reference search technologies, content aggregation services and application services environments for both consumer and commercial market segments. The Company operates several online web properties and educational reference portals. Yippy, Inc. has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. The Company began operations in 2009.

YIPI News:

May 15 – Yippy, Inc. Appoints Two New Board Members, Mr. Morton Fink & Ms.

Debbie Sharken Yippy, Inc. (OTCQX: YIPI) (www.yippy.com) (“Yippy” or the “Company”), providers of the world`s fastest, family friendly search engine and web portal reported that the board has appointed two additional board members effective immediately.

The Elected:

Mr. Morton Fink Mr. Fink`s distinguished career has included executive management positions in the media, broadcast, cable and electronics industries. His experience provides a unique combination of management, leadership, and entrepreneurial skills. Mr. Fink was the founding CEO of Warner Home Video; his efforts drove Warner`s dominant worldwide market share.

As Senior Vice President of Sony Corporation of America, he launched Betamax, established Sony Broadcast and the U.S. Technology Center. As Executive VP of United Satellite Communications, Mr. Fink developed marketing, sales and distribution strategies and managed satellite and ground operations as well as customer service for the first DBS entertainment start-up. Mr. Fink also served as the President of Cablevision`s Home Video Division, and as Vice President of the CBS Comtec Group.

Currently, he consults for the Office of the Chairman at Cablevision System Corporation, working with a small team, hand-in-hand with the Founder and Chairman of the company, Charles Dolan. There, he analyzes and evaluates opportunities to take the core competencies of the corporation to areas outside the Company`s current cable footprint domestically and internationally. He also analyzes and evaluates investment opportunities in Emerging Global, Ethnic and IPTV Ventures. Mr. Fink holds a BS in Business Administration from New York University.

“I am pleased to be a part of Yippy,” stated Mr. Morton Fink. “As I learned more about the company in my due diligence process, a couple of personal opinions became apparent. First, the company possesses significant intellectual property related to the aggregation and distribution of information over the web. Two, there are certainly competing companies that are going to want these advanced capabilities.” “Management has done an excellent job in creating value through the creation and acquisition of intellectual property, rights to content and licenses. The true value is yet to be determined,” concluded Mr. Fink.

Ms. Debbie Sharken For almost 20 years, Ms. Sharken has been an expert in consumer direct marketing, relationship marketing, and advertising. She has honed her skills at top-notch agencies like McCann Relationship Marketing, Grey Direct, and Saatchi & Saatchi Wellness. Ms. Sharken has built her career on her abilities to create strategic, customized marketing campaigns that develop lasting relationships between brands and their customers. She has extensive experience across all marketing channels and disciplines, including a deep expertise in building digital businesses. Ms. Sharken is currently the Chief Marketing Officer at the Direct Marketing Association and is helping to lead the organization and its members meet the challenges of today`s marketplace. She holds a BS in Advertising from Syracuse University.

“When I was first introduced to Yippy, Inc., I was intrigued by the offering of a full-time safe, search environment that would weed out irrelevant and inappropriate results,” stated Ms. Sharken. “I thought, finally, there`s a way to receive more precise results without revising your search multiple times. I quickly learned that Yippy capabilities go far beyond that.” Sharken continues, “There is another side of Yippy that I found equally impressive and one that fulfills an unmet need in the marketplace. Yippy can create custom, vertical consumer search engines for any brand, company or category. This is the next iteration in a world where “content is king” and brands are clamoring to create original content, ultimately becoming pseudo-publishers. By creating cloud-based, focused, vertical search engines, Yippy allows brands to maximize their original content over the internet, virtually double their organic online presence and search rankings, and add more value to the brand experience. I`m excited about introducing Yippy`s unique solutions to agencies and brands.” MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC) “Up 4.40% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L29&F=T Company Profile:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L35&F=T Marine Drive Mobile Corp. engages in the development of transactional mobile commerce applications and services. The companys technology platform matches merchants and consumers with the right products and services at the right time through electronic coupons. Its principal product includes eTeeoff.com, an e-couponing Website for golf industry merchants to create deals and offer their own electronic coupons. The company was formerly known as Sona Resources, Inc. and changed its name to Marine Drive Mobile Corp. in July 2011. Marine Drive Mobile Corp. was founded in 2007 and is headquartered in San Francisco, California.

MDMC News:

May 2 – Marine Drive Mobile Signs its First JV Agreement with TapIn Solutions, Unleashing an Immediate Sales Channel and New Revenue Stream Marine Drive Mobile Corp. (OTCBB: MDMC) (“Marine Drive Mobile” or the “Company”) announced that the Company has signed a Joint Venture agreement with TapIn Solutions, LLC that will introduce an immediate sales channel to reach golf courses and other businesses for our flagship product eTeeoff.com.

eTeeoff.com is a relatively new online platform targeted to serve the golf industry. With eTeeoff.com advancing to become the leader in offering golf courses the natural ability to offer deals and strategic marketing solutions to their clients, TapIn Solutions paves the road to strategically catapult eTeeoff.com to the next level.

The joint venture agreement with TapIn Solutions is to make our software available to their merchants across the country. This four-year old company, TapIn, is the golf industry`s fastest growing online services company specializing in web development and online marketing solutions.

Through its various partners, TapIn has access to over 3,400 golf courses and 450 golf product distributors across the country.

As part of the agreement with TapIn we are initially launching with approximately 150 golf courses throughout the U.S., and we are expected to be up and running in June 2012. This is the first phase of this integration, with ultimately integrating into TapIn`s entire network.

Colin MacDonald, President and CEO of Marine Drive Mobile stated, “TapIn was one company that we were introduced to at the PGA Merchandise Show in January of this year. Our two companies together, offer such synergies, that we created a win-win venture. We recognized that TapIn would give us a significant edge in procuring a solid merchant base for our flagship product, eteeoff.com and thus rapidly advance our revenue stream timeline.” Reed Thompson, President and CEO of TapIn Solutions, LLC commented, “We are very excited to be working with the eTeeoff.com platform and Marine Drive`s technical team. We love their technology; as it introduces an online gateway for our golf merchants to offer substantial deals to their customers. Marine Drive`s technology platform opens new doors for our clients and adds a critical link to be competitive in today`s golf market.

This opportunity basically allows our golf customers to be in the drivers seat, in other words, they will have full control over their marketing needs by using eTeeoff.com`s Deal Management System.” ABOUT TAPIN SOLUTIONS, LLC.

TapIn Solutions provides the most comprehensive online, on-demand sales and marketing solutions available exclusively for the Golf Industry. TapIn begins with a truly unique website design, and along with 17 unique modules in its Content Management System (CMS) give their golf customers a distinct advantage over their competition, and this endears TapIn to its customer base. Golf Course operators also look to TapIn for detailed marketing plans, email marketing advice, and overall business & marketing expertise.

PAULSON CAPITAL CORPORATION (NASDAQ: PLCC) “Up 52.27% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L4&F=T Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc. Located in Portland, Oregon, Paulson Investment Company is a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $25 million. Founded by Chet Paulson in 1970, it has managed or underwritten more than 165 public offerings and has generated more than $1 billion for client companies.

PLCC News:

May 14 – Paulson Capital Corp. Reports First Quarter 2012 Results Paulson Capital Corp. (NASDAQ: PLCC), parent company of Paulson Investment Company, Inc., reported a net income of $1,412,294 (or $0.24 per share) for the three months ended March 31, 2012 versus a net loss of $381,210 (or ($0.07) per share) for the like period in 2011. Revenues for the three months ended March 31, 2012 totaled $5,609,660 versus $4,921,967 for the first quarter 2011.

Chester L.F. Paulson, Chairman, stated:

“We are very pleased the favorable trading climate in several of our larger positions helped the firm to profitability for this first quarter in 2012.

We were equally as pleased to announce in March and pay in April the special cash dividend of $0.05 to our shareholders. After the completion of the sale of the retail business, the company is enthusiastically moving forward with its investment banking activities. We remain optimistic for the future.” FRIENDFINDER NETWORKS INCORPORATED (NASDAQ: FFN) “Up 14.02% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L25&F=T FriendFinder Networks Inc. is an Internet-based social networking and technology company operating several of the most heavily visited websites in the world, including AdultFriendFinder.com, Amigos.com, AsiaFriendFinder.com, Cams.com, FriendFinder.com, BigChurch.com and SeniorFriendFinder.com. FriendFinder Networks Inc. also produces and distributes original pictorial and video content and engages in brand licensing.

FFN News:

May 14 – FriendFinder Networks Inc. Reports Financial Results for First Quarter 2012 Live interactive revenues increased 14.1% year over year and 5.0% from prior quarter New adult subscriptions increased 2.5% year over year and 12.6% from prior quarter Adult Member to Subscriber conversion rates increased 8.7% year over year and 14.8% from prior quarter FriendFinder Networks Inc. (NASDAQ: FFN), a leading internet and technology company providing services in the rapidly expanding markets of social networking and web-based video sharing, today announced financial results for the first quarter ended March 31, 2012.

“Based on the initial results of several key initiatives we have undertaken to improve our performance, I remain optimistic about our long-term prospects. Our current efforts are focused on building brand equity, subscriber retention and acquiring new subscribers to FriendFinder Networks,” commented FriendFinder Networks Chief Executive Officer, Marc Bell. “To support these initiatives and to position FriendFinder Networks for growth, we have increased our customer acquisition costs in a meaningful way, a strategy we previously discussed. Put into action in January, I am pleased to report that these actions resulted in an increase in new adult subscribers for the first time in six quarters. Additionally, conversion rates increased marginally year over year for both our Adult and General Audience websites, a trend we expect to continue throughout the year.” “While our renewed focus on customer acquisition activities and reallocation of resources impacted our financial performance and profit margins during the quarter, we are encouraged by the early trends we are seeing. Going forward, we will adjust our spending based on results, as we continue to refine and optimize our efforts. This undertaking requires patience and discipline but is expected to result in a significant payoff over the long term.” Mr. Bell continued, “Operationally, we continue to experience success in our Live Interactive segment, notching our ninth consecutive quarter of year over year revenue growth. The general managers of each of our business units are focused on achieving specific milestones; and while some have done well, we continue to work with those that require additional support.

Our European operations remain challenging as we struggle to overcome low user conversion and transaction acceptance rates in the region. Although operating expenses have improved, we are exploring additional costs saving measures.” “Finally, we are on track with plans to transition Anthony Previte, our President and Chief Operating Officer, to the role of Chief Executive Officer effective July 1, 2012. I will continue to serve as Co-Chairman and Chief Strategy Officer, with the assurance that Anthony is both qualified and motivated to assume his expanded responsibilities,” Mr. Bell concluded.

First Quarter Financial Results Revenue for the first quarter of 2012 was $81.1 million. The impact of new subscriber growth was offset by a decrease in overall traffic and challenges in Europe.

Gross profit for the first quarter of 2012 was $48.5 million. Gross profit was negatively impacted by increased affiliate spending, which increased the Company`s cost of revenue.

Income from operations for the first quarter of 2012 was $7.8 million.

Income from operations was negatively impacted by lower gross margins and the Company`s previously announced increases in advertising and general and administrative spending compared to the first quarter last year. The Company expects general and administrative expenses to decline from quarter to quarter as the impact of the restructuring steps taken in January of 2012 reach their full impact.

Net loss from continuing operations for the first quarter of 2012 was ($13.4 million), or ($0.43) per share. The loss from discontinued operations, which resulted from the previously announced closure of all JigoCity operations except in Taiwan, was ($8.1 million) or ($0.25) per share.

Adjusted EBITDA for the first quarter of 2012 was $13.0 million.

Balance Sheet, Cash and Debt As of March 31, 2012, the Company had cash and cash equivalents of $26.6 million, compared to $34.5 million at December 31, 2011. As of March 31, 2012, the Company had outstanding principal debt of $497.7 million. On May 4, 2012, the Company paid down $2.2 million of New First Lien Notes and Cash Pay Second Lien Notes. Free Cash Flow Per Share was $0.09 for the first quarter ended March 31, 2012.

As indicated previously, First Lien bondholders agreed in March to modify certain covenants under the indentures governing such debt. Last week, FriendFinder Networks was able to obtain a waiver under the Non-Cash Pay Second Lien Notes from compliance with certain covenants under the indenture governing such debt for a period of 90 days. During this period, the Company will work with the Second Lien bondholders to modify their indenture.

Non-GAAP Financial Measures Management believes that certain non-GAAP financial measures of earnings before deducting net interest expense, income taxes, depreciation and amortization, or EBITDA, and Adjusted EBITDA are helpful financial measures as investors, analysts and others frequently use EBITDA and Adjusted EBITDA in the evaluation of other companies in FriendFinder Networks Inc.`s industry. For example, these measures eliminate one-time adjustments made for accounting purposes in connection with the Company`s Various acquisition in order to provide information that is directly comparable to its historical and current financial statements. For more information regarding the Company`s acquisition of Various, please refer to the section entitled “Management`s Discussion and Analysis of Financial Condition and Results of Operations Our History” in the Form 10-K for the year ended December 31, 2011.

These non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in FriendFinder Networks Inc.`s industry, as other companies in FriendFinder Networks Inc.`s industry may calculate such financial measures differently, particularly as it relates to nonrecurring, unusual items. The Company`s non-GAAP financial measures of EBITDA, Adjusted EBITDA and Free Cash Flow per Common Share are not measurements of financial performance under GAAP and should not be considered as alternatives to cash flow from operating activities or as measures of liquidity or as alternatives to net income or as indications of operating performance or any other measure of performance derived in accordance with GAAP.

Management derived EBITDA and Adjusted EBITDA for the three months ended March 31, 2012 and 2011 using the adjustments shown in the attached table.

Free Cash Flow per Common Share was derived by subtracting capital expenditures and cash interest from Adjusted EBITDA and dividing the result by the weighted average shares outstanding for the period.

NEXT 1 INTERACTIVE INCORPORATED (OTCBB: NXOI) “Up 25.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L80&F=T Next One Interactive, Inc. is a multi-faceted media company specializing in Travel and Real Estate. Next One plans the delivery of targeted content via multiple digital platforms including Satellite, Cable, Broadcast, Broadband and mobile. In today`s digital market Next One Interactive delivers information and entertainment to consumers. The company business plan calls for multiple revenue streams from real estate and travel content delivery including transactional commissions, referral fees, advertising and sponsorship. The multiple revenue streams and integrated media platforms allow for the delivery of measurable return on investment to its advertisers, sponsors and business partners.

NXOI News:

No recent news for Next 1 Interactive, Inc. (OTCBB: NXOI).

BITZIO INCORPORATED (OTCBB: BTZO) “Up 14.71% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L78&F=T Bitzio`s mission is to help mobile app developers get the full potential of their mobile apps by increasing consumer reach, conversion rates and bottom line profitability. Bitzio`s strategic arsenal of methodologies and technologies allows mobile app developers to quickly develop, market and monetize their apps. The company aims to be responsible for the download of 1 Billion apps by 2014.

BTZO News:

May 15 – Bitzio, Inc. Continues Ramp Up of Mobile Gaming Talent With ACT Smartware Acquisition Acquisition Terms Agreed Upon & Letter of Intent is Signed Bitzio, Inc. (OTCBB: BTZO) (“Bitzio” or “the Company”), a leader in media, mobile games, and the gamification of mobile apps, announced that it has agreed upon terms to acquire German mobile gaming and software company, ACT Smartware (“ACT”). The acquisition terms have been agreed upon by both companies and a signed letter of intent setting out the terms has been executed. The acquisition is subject to final due diligence and certain requirements under German law. It is expected that the transaction will close in 1-2 weeks.

Upon formal execution of the agreements in Germany, the ACT team and all assets will become a part of Bitzio, Inc. The acquisition will be completed using only Bitzio shares and no cash outlay from Bitzio. All revenues generated by the acquisition will be re-invested into the growth of marketing, development and growth of Bitzio`s mobile games. ACT reported 2011 revenues of approximately $1 million USD. Bitzio anticipates revenue to continue to be generated through existing ACT clients and apps, as well as new apps that will come to market shortly.

“This acquisition has been unlike any other in Bitzio`s history. The ACT team has already been working intimately with Bitzio and has been integral in the development and deployment of key products such as our EveryoneApps platform. With approximately 4,000 apps deployed through EveryoneApps, we have already seen the depth of talent the ACT team brings to us. They have amazing technical expertise and incredible knowledge of the gaming user experience – both skills we`re very happy to continue expanding in house,” commented William Schonbrun, President and CEO of Bitzio.

Tobias Berlin and Gerd Mettendorf, founders of ACT Smartware, have been in the technology sector since 1993 and 1985, respectively. They have created innovative software solutions for large multi-national companies such as Daimler/Chrysler and Bosch, both of which are still on the company`s client roster. In 2008, as early adopters to mobile technology, Berlin and Mettendorf created their first apps. To date, their business apps consistently receive 4-5 star user ratings and deliver higher revenue then most gaming apps.

Schonbrun continued, “This adds another critical piece to our mobile gaming and entertainment story. With our recent acquisitions of MPC, Knuckle Face Games and now ACT, Bitzio has the technical talent, mobile app deployment, marketing and media and animation capabilities to create the best in mobile gaming experiences in the world. In fact, we already have plans in place to utilize many of ACT`s existing apps and update them with a media and animation user experience from MPC, resulting in apps that will blow users` minds. These apps will be like playing inside a Pixar movie with gamification and behavioral data continually making the experience better every time a user signs in.” Tobias Berlin, Founder of ACT adds, “Developing app concepts and creating the technology to make them happen is where we excel. Bringing those ideas to life successfully in terms of marketing is a challenge for developers of any level. What intrigued us about Bitzio was their ability to see the big picture and string together the talent and assets which power the mobile app consumer experience as well as offer companies behavioral data and access to their fan bases. It is the first all-encompassing solution we have seen in the mobile apps sector and we are proud to become a part of Bitzio.” POWERLOCK INTERNATIONAL CORPORATION (OTC: PWLK) “Up 50.00% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L90&F=T PowerLock International is the manufacturer of the Power Lock vehicle anti-theft system, the only system guaranteed to prevent your car, truck or van from being hot-wired and driven away. This is a totally unique “sealed” electronic system, impossible to circumvent. The system is continually armed by creating an open ignition circuit that disables the starting circuitry at the starter.

PWLK News:

No recent news for Powerlock International Corp. (OTC: PWLK).

DUTCH GOLD RESOURCES (OTC: DGRI) “Up 13.51% in morning trading” Detailed Quote:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L51&F=T Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold properties in North America. The company`s strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, and the Gold Bug Mine in Oregon comprise the Company`s current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance.

DGRI News:

May 11 – Dutch Gold Resources, Inc. Confirms Press Conference at NASDAQ MarketSite, Announces Follow Up Conference Call to Discuss Corporate Developments Marketwire Dutch Gold Resources, Inc. (OTC: DGRI) (the “Company”) announced that it has scheduled a press conference to announce important new corporate developments and an expansion of its business strategy. The webcast will be held May 17, 2012, 1:15 EDT from NASDAQ MarketSite 4 Times Square New York, NY.

The Company will host an Investor Conference Call on May 18, 2012 at 1.15PM EDT. The purpose of this call will be to provide a Question and Answer forum for our investors.

The video webcast streamed live from MarketSite. follow the webcast at the URL is as follows:

http://otcpicknews.com/emailmarketer/link.phpM940&N20&L73&F=T. A link will be provided on Thursday, May 17, 2012.

The May 18th Investor Conference call can be entered by dialing: (712) 432-1001 (U.S. and International callers) and entering access number 492518080#. The call will be recorded and may be accessed by using the same dial-in number and access code one hour after the call. A webcast will also be archived on the Company`s website and a telephone replay of the call will be available through midnight, June 18, 2012, using the same dial-in instructions.

The Company intends to discuss important developments of its business plan consistent with the Company`s stated goal of developing cash flow, as outlined in its last Investor Conference Call. A summary of that call may be found on the Company website.

OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it.

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward-looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company`s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company`s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company`s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://otcpicknews.com/emailmarketer/link.phpM940&N20&L=7&F=T and FINRA at http://otcpicknews.com/emailmarketer/link.phpM940&N20&L=8&F=T.

Disclosure: OTCPicks.com and affiliates have been compensated twenty thousand dollars by the company for a four day YIPI investor awareness campaign. OTCPicks.com and affiliates are being compensated fifty thousand dollars by a third party (New Market Traders LTD) for a two week investor awareness campaign.

 

· · · · · · · · · · ·

Your email client cannot read this email.

To view it online, please go here:

http://otcpicknews.com/emailmarketer/display.phpM3732&Ce84688da491cbc28eced9b569a949b&S16&L&N01 To View This Email Go To:

http://otcpicknews.com/emailmarketer/link.phpM3732&N16&L74&F=T OTCPicks.com is located at PO Box 791, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the SEC) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.

To view our disclaimer page go to:

http://otcpicknews.com/emailmarketer/link.phpM3732&N16&L4&F=T Disclosure: OTCPicks.com and affiliates have been compensated twenty thousand dollars by the company for a four day YIPI investor awareness campaign.

To stop receiving these emails:http://otcpicknews.com/emailmarketer/

 

Older posts >>

Theme Design by devolux.nh2.me