EIN Presswire: Press Releases

Retail Watch: K-Swiss Buys Form Athletics

Sat, 31 Jul 2010 00:15:33 +0200

July 30, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — California sports company K-Swiss (NASDAQ: KSWS) said it has acquired Laguna Beach-based Form Athletics. Terms of the deal were not disclosed.

According to K-Swiss, Form Athletics will operate as a division of K-Swiss led by Mark Miller, Form’s incumbent founder and CEO.

Under the agreement, Miller will become president of Form Athletics, and has also been appointed president of K-Swiss Orange County, where he will establish and lead a new division of the brand focused on the youth consumer.

California-based K-Swiss offers performance and lifestyle footwear and apparel for several categories under its California Sports umbrella including Tennis Heritage, California Fit and California Youth. K-Swiss also designs, develops and markets footwear under the Palladium brand, and now owns the Form Athletics brand.

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Security & Defense: AML Communications Hires Investment Bank

Sat, 31 Jul 2010 00:14:07 +0200

July 30, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — AML Communications, Inc. (OTCBB: AMLJ), a designer, manufacturer, and marketer of microelectronic assemblies for the defense industry, said that it has engaged C. K. Cooper & Co., a California-based investment bank, as its financial advisor.

In this capacity, C. K. Cooper will advise the company on strategic planning, mergers & acquisitions, project financing, capital markets exposure and financial advisory services.

Jacob Inbar, AML’s CEO, said, “We’re now in the process of refining a technology roadmap to screen acquisition candidates that would best position the company for larger opportunities in the future.”

California-based AML’s key customers include Raytheon, Lockheed Martin, Northrop Grumman, L-3 Communications, BAE, and others. The company’s range of microwave products can be found in various defense projects.

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Notable Thursday`s Earnings (IPG, POT, CNX, CRI)

Fri, 30 Jul 2010 23:18:33 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -Interpublic Group of Companies, Inc. (NYSE:IPG) soared 8.85% to $8.98 on over 19.31 million shares. The company posted a fivefold increase in second quarter profit. Interpublic earned $105.3 million, or 15 cents a share, on the period, up from $20.9 million or 4 cents a share, in the same quarter of 2009. Revenue rose 10% to $1.62 billion.

The average estimate of analysts polled by FactSet Research had been for the company to earn 10 cents a share on revenue of $1.5 billion.

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Potash Corp./Saskatchewan (USA) (NYSE:POT) surged 5.21% to $102.80 on over 9.86 million shares. The company reported second-quarter profit that beat analysts' estimates as demand rose for its namesake crop nutrient. Profit excluding receipt of a special dividend was $1.38 a share, topping the $1.21 average estimate of 26 analysts surveyed by Bloomberg. Net income more than doubled to $472 million, or $1.55 a share, from $186.2 million, or 61 cents, the Saskatoon, Saskatchewan-based company said today in a statement. Sales rose 68 percent to $1.44 billion.

CONSOL Energy Inc. (NYSE:CNX) shares lost 4.77% to $36.77 on over 9.02 million shares. The company second-quarter profit fell more than expected on acquisition expenses and higher mining costs. Pittsburgh-based Consol said net earnings were $67 million, or 29 cents per share, compared with $113 million, or 62 cents per share, for the 2009 quarter.

Consol said revenue rose 20 percent to $1.3 billion as it produced 13.2 million tons of thermal coal for power generation and 1.7 million tons of steel-making metallurgical coal.

Carter's, Inc. (NYSE:CRI) plunged 7.88% to $23.96 after 6.91 million shares have been traded on the stock. The company today reported its second quarter 2010 results. Consolidated net sales of $327.0 million were comparable with the prior year. Net sales of the Company's Carter's brands increased $1.2 million, or 0.5%, to $263.7 million. Net sales of the Company's OshKosh B'gosh brand decreased $0.5 million, or 0.8%, to $63.3 million.

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Tech Stocks Down with Motorola, Inc. (Motorola, Inc., TSM, AMSC, Apple Inc.)

Fri, 30 Jul 2010 23:17:39 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -Motorola, Inc. (NYSE:MOT) lost 0.91% to $7.61 on 78.01 million shares. The company today reported sales of $5.4 billion in the second quarter of 2010. The GAAP earnings in the second quarter of 2010 were $162 million, or $0.07 per share, which compares to GAAP earnings of $26 million, or $0.01 per share, in the second quarter of 2009.

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Motorola, Inc. provides technologies, products and services for mobile phones. Its portfolio includes wireless handsets, wireless accessories, digital entertainment devices, set-top boxes and video distribution systems, analog and digital two-way radios, wireless and wire line broadband network products, and end-to-end enterprise mobility products.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) decreased 2.68% to $10.18 with over 21.03 million shares. The company posted a record quarterly profit well above forecasts as it churned out more chips with more advanced technology to meet rising demand for new PCs, phones and other high-tech goods.

The company said on Thursday it earned a net profit of T$40.3 billion ($1.3 billion) in April-June versus T$24.44 billion a year ago and well above a consensus forecast of T$35.2 billion from Thomson Reuters.

American Superconductor Corporation (NASDAQ:AMSC) lost 6.63% to $30.55 on over 1.25 million shares. The company reported first-quarter net income of $9.2 million, or $0.20 per share, compared with net income of $1.8 million, or $0.04 per share in the first quarter of fiscal 2009. Non-GAAP net income was $13.0 million or $0.28 per share for the first quarter of 2010, up from $5.5 million or $0.12 per share in the prior year quarter.

Apple Inc. (NASDAQ:AAPL) dropped 1.09% to close at $258.11. Apple Inc. designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions.

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Healthcare Watch: Iridex Lands U.S. Patent For Laser Probe

Fri, 30 Jul 2010 23:16:40 +0200

July 30, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Iridex Corp. (NASDAQ: IRIX) said it has received an Issue Notification from the U.S. Patent and Trademark Office for U.S. Patent No. 7,766,904, "Adjustable Laser Probe For Use In Vitreoretinal Surgery."

The patent applies to a number of consumable medical devices already in the Iridex product line, collectively identified and sold as Adjustable and Intuitive EndoProbe laser handpieces.

According to Iridex, the probe speeds up treatments by allowing continuous adjustment of the optical fiber over a wide range of angles for full coverage of the peripheral retina without requiring removal and reinsertion of the probe from the eye.

Iridex CEO Theodore A. Boutacoff said, "The issuance of this patent is valuable to Iridex because it helps us maintain the differentiation of our vitreoretinal product line from those of our competitors, and we plan to capitalize on the leverage afforded by this new patent by expanding this product line in the near future."

California-based Iridex is engaged in developing, manufacturing, and marketing laser-based medical systems and delivery devices. The company offers solutions for multiple specialties, including ophthalmology, dermatology and otolaryngology.

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China In-Focus: CNinsure Buys E-Commerce Insurance Provider

Fri, 30 Jul 2010 23:15:09 +0200

July 30, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — CNinsure Inc. (NASDAQ:CISG), an insurance intermediary company operating in China, said it has acquired a majority equity interest in InsCom Holding Ltd., which beneficially owns 100% equity interest in Shenzhen InsCom E-commerce Co., Ltd., an independent online insurance service provider in China.

The transaction is scheduled to close in the fourth quarter of 2010, subject to certain consents, authorizations and other customary closing conditions.

Shenzhen InsCom operates an e-commerce insurance website that offers a range of insurance products online as well as industry and regulatory information.

Under the agreement with the selling shareholder, CNinsure will acquire 65.1% equity interest in InsCom for RMB84 million.

As part of a corporate restructuring of InsCom, CNinsure's equity interests in six of its affiliated property and casualty insurance agencies will be transferred to an affiliated subsidiary of InsCom in exchange for preference shares newly issued by InsCom.

With the preference shares, CNinsure said it is entitled to all of the profits of InsCom for a certain period and reserves the right to require InsCom to redeem the preference shares.

Once the deal closes, the operation of Shenzhen InsCom will come under the leadership of Chunlin Wang, head of CNinsure's property and casualty insurance unit, who will serve as chairman and CEO, and Yuan Tian, the former chairman and CEO of Shenzhen InsCom, who will be the vice president.

China-based CNinsure distributes a range of property and casualty and life insurance products underwritten by both domestic and foreign insurance companies operating in China, and provides insurance claims adjusting service as well as other insurance-related services.

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Dividends News: Interface To Pay 1 Cent Per Share

Fri, 30 Jul 2010 23:14:05 +0200

July 30, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Interface, Inc. (NASDAQ: IFSIA), a floorcoverings company, said that its board has declared a regular quarterly cash dividend of $0.01 per share, payable August 27, 2010 to shareholders of record as of August 13, 2010.

Georgia-based Interface is a manufacturer of modular carpet, which it markets under the InterfaceFLOR, FLOR, Heuga and Bentley Prince Street brands.

Through its Bentley Prince Street brand, the firm has a position in the designer quality segment of the broadloom carpet market.

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Healthcare Stocks Closed Lower (COV, LIFE, SNY, BMY)

Fri, 30 Jul 2010 22:16:58 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -Covidien plc (NYSE:COV) lost 4.23% to $36.88 on over 14.07 million shares. The company reported an adjusted profit that beat estimates on better margins, but saw weak pharmaceutical sales in the quarter and through the year. Covidien posted a net profit of $364.0 million, or 72 cents a share, in its fiscal third quarter ending June, compared with $281.0 million, or 56 cents a share, in the year- ago period.

Life Technologies Corp. (NASDAQ:LIFE) shares dropped 6.15% to $42.40 on over 9.17 million shares. The company announced results for its second quarter ending June 30, 2010. Non-GAAP revenue for the second quarter was $906 million, an increase of 8 percent over the $839 million reported for the second quarter of 2009. Excluding the impact of currency and prior acquisitions and divestitures, organic revenue for the quarter grew 6 percent over the same period in the previous year.

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Sanofi-Aventis SA (ADR) (NYSE:SNY) slid 0.64% to $29.28. The company reported a 7.6 percent increase in second-quarter profit on higher sales of its Lantus and Apidra diabetes treatments. Profit climbed to 2.48 billion euros ($3.23 billion), or 1.90 euros a share, excluding costs such as writedowns and merger expenses, from 2.3 billion euros, or 1.76 euros, a year earlier, Sanofi said in an e-mailed statement.

Sanofi-Aventis is a pharmaceutical group engaged in the research, development, manufacture and marketing of healthcare products.

Bristol Myers Squibb Co. (NYSE:BMY) went down 0.16% to $25.08. Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of pharmaceutical products on a global basis.

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Energy Stocks to Watch (PTEN, WMB, NOV, PDE)

Fri, 30 Jul 2010 22:15:27 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -Patterson-UTI Energy, Inc. (NASDAQ:PTEN) added 2.26% to $16.27 on 9.80 million shares. The company reported an adjusted quarterly profit beating analysts' estimates, helped by higher rig utilization levels. For the second quarter, net income was $29.5 million, or 19 cents a share, compared with a loss of $17.7 million, or 12 cents a share, last year.

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Analysts on average had estimated earnings of 6 cents a share, according to Thomson Reuters.

Williams Companies, Inc. (NYSE:WMB) dropped 1.59% to $19.14 on 8.38 million shares. The company on Thursday reported an increase in net income for the second quarter. The company's second quarter net income attributable to it was $185 million or $0.31 per share, up from $142 million or $0.24 per share recorded last year.

So far, the market capitalization of the stock stands at $11.18 billion. The stock opened today at $18.56.

National-Oilwell Varco, Inc. (NYSE:NOV) advanced 4.15% to $38.88 on a volume of 7.91 million shares. The company reported that for its second quarter ended June 30, 2010 it earned net income of $401 million, or $0.96 per fully diluted share. Earnings per share increased 81 percent compared to the second quarter of 2009, when the Company earned $0.53 per share. Earnings per share decreased five percent compared to first quarter 2010 earnings of $1.01 per share.

Pride International, Inc. (NYSE:PDE) decreased 4.96% to $23.38 with over 7.39 million shares. The company second-quarter net income dipped to $57.5 million or $0.32 per share from 124.1 million or $0.70 per share a year earlier.

Revenues totaled $350.3 million during the second quarter of 2010 compared with $439.5 million in the second quarter of 2009. Twenty-four analysts estimated revenues of $345.18 million for the quarter.

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University of Arizona at Tucson’s Jonathan C. Daniel MD Conducts Successful EPP

Fri, 30 Jul 2010 21:41:29 +0200

On June 30, the University of Arizona (UA) Department of Surgery announced the successful use of a radical and intricate form of surgery aimed at treating malignant mesothelioma, a cancer of the protective linings that surround the lungs, heart and abdominal organs.

Called extrapleural pneumonectomy, or EPP, the surgery was performed by Jonathan C. Daniel, MD, a thoracic surgeon, in February of this year. The patient was James Massie.

Dr. Daniel, who accepted the UA staff position in September of 2009, is not only an assistant professor in the Division of Cardiothoracic Surgery at the UA’s Department of Surgery, but is also an Arizona Cancer Center member.

The Arizona Cancer Center, one of 40 across the nation (and the only one in Arizona) designated by the National Cancer Institute (NCI) as a Comprehensive Cancer Center, conducts research at both the UA campus in Tucson and the campus in Scottsdale. The Comprehensive Cancer Center designation is the NCI’s highest ranking.

First used in 1949 to treat tuberculous empyema, the surgical technique involves opening the chest wall from the back and side, and complete excision of the pericardium and diaphragm to totally eradicate the tumor.

Surgery is commonly preceded by chemotherapy and followed by intensity-modulated radiation therapy, or IMRT, a form of highly precise radiotherapy that uses computer-directed linear accelerators to deliver radiation in precise parameters to even more precise locations, allowing higher radiation doses without damage to surrounding tissue.

In Massie’s case, chemotherapy was administered by nationally recognized mesothelioma oncologist Linda Garland, MD, with the radiation administered and supervised by Alexander Chi, MD, both of the UA.

The surgical technique, which can also be used to address non-small cell cancers, is not only highly complex, but requires large amounts of replacement blood, up to 7,500 ml. in some cases. In spite of that, the EPP technique, used 29 times between the years 1959 and 1972, had a surprisingly low hospital mortality rate for such aggressive surgery (31 percent), and a median survival rate of 5 months.

Newer EPP techniques, including a single incision of the sixth rib, combined with pericardial and diaphragmatic reconstruction, have provided for even shorter stays (less than 11 days on average), lower mortality (6 percent) and morbidity (19 percent) rates, a 70 percent survival rate up to one year, and a 48 percent rate up to two years.

Massie’s surgery is the first successful EPP performed in Southern Arizona, and Tucson resident Massie, 65, and wife, Sherry, expect the innovative surgery will add years to James’s life.

Massie, who before his retirement served in the U.S. military as a Marine during the Vietnam War, and also – by virtue of his skill as an exceptional linguist fluent in both Russian and Arabic – as an intelligence analyst and presidential interpreter during the Reagan administration, plans to resume activities like hiking and camping that were precluded by his illness.

The typical prognosis for advanced malignant pleural mesothelioma, or MPM, is about a year, with chemotherapy and/or radiation preceded by surgical tumor removal, adding only about four to six more months. Mesothelioma, which occurs in 3 out of 4 cases in the lungs, kills about 2,500 Americans each year.

Since Massie’s surgery, Dr. Daniel has performed five similar procedures, and together with Dr. Garland, Dr. Chi and UA staff, he hopes to create an outstanding mesothelioma treatment center in the American Southwest.

Reported by the Tuscon Citizen, according to Dr. Daniel, the difficult and intricate nature of EPP makes it preferable that patients stay close to home, rather than traveling. However, up to now this has not been possible, since the best surgical centers offering EPP treatment of mesothelial cancer were located in Boston, Houston or San Francisco.

Mesothelioma Alert: Two custodial workers charged with improper asbestos removal

Fri, 30 Jul 2010 21:40:06 +0200

Two custodians have been charged with improper asbestos removal at Lakeland Higher University in New York. The two custodians improperly removed and disposed of the asbestos while removing floor tiles from many of the school’s classrooms. Because of their actions, the university will be fined $2,500.

Asbestos is a highly hazardous material, most commonly exploited for its fire retardant properties. The material can be found within many older homes, in drywall, roofing, piping and tile flooring. Exposure to the material has been known to cause mesothelioma, lung cancer and asbestosis. Mesothelioma is an aggressive asbestos-related disease, known to affect 3,000 Americans each year.

Unfortunately, there is no mesothelioma cure. Instead, patients must undergo palliative treatment. Yet such treatment tends to arrive in the later stages of their disease. Even the best mesothelioma doctors struggle to diagnose patients in the early stages of their disease–due to its extended latency period.

Janitor Carmine Di Bernardo claims he and the other custodian had not received protective gear. Bernardo even noted that they disposed of the hazardous material in university trash bins. Bernardo also added that they had no prior knowledge of the asbestos, before beginning work.

Neither of the custodians was certified to complete asbestos abatement work.

Epicstockpicks.com's Gold Stocks in Focus (ABX, EGO, GG, KGC)

Fri, 30 Jul 2010 21:17:00 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -Barrick Gold Corporation (USA) (NYSE:ABX) soared 1.27% to $40.54 on over 9.18 shares after the Toronto-based company reported a 59% jump in second-quarter profit. Early Thursday, Barrick reported second-quarter net income of $783 million, or 79 cents a share, up from $492 million, or 56 cents a share, in the year-ago period. Revenue rose to $2.64 billion from $1.96 billion last year.

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Barrick Gold Corporation is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper, and hold interests in oil and gas properties located in Canada.

Eldorado Gold Corporation (USA) (NYSE:EGO) increased 1.01% to $15.93 with over 3.43 million shares. The company on Thursday said its second quarter profit more than doubled from a year ago on significantly higher sales volume and increased realized prices. Net income of the Canada-based gold producer jumped to $60.51 million or $0.11 per share from $25.90 million or $0.07 per share in the same quarter a year ago.

Goldcorp Inc. (USA) (NYSE:GG) lost 0.39% to $38.76 on a volume of 4.53 million shares. The company reported profits on Wednesday helped by record bullion prices and increased gold production. Goldcorp said net income in the quarter was $826.7 million, or $1.11 a share, compared with a year-ago loss of $232.4 million, or 32 cents a share, when results were hurt by a non-cash foreign exchange translation loss.

Goldcorp Inc. is a gold producer engaged in the operating, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America.

Kinross Gold Corporation (USA) (NYSE:KGC) gained 0.94% to $16.17. Kinross Gold Corporation is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.

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Consumer Good Stocks Closed Lower (GT, Kellogg Company, BG, DPS)

Fri, 30 Jul 2010 21:15:06 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -The Goodyear Tire & Rubber Company (NYSE:GT) dropped 5.69% to $11.27 with over 13.59 million shares. The company posted better-than-expected quarterly earnings on Thursday and a profit in its key North American unit, but shares slipped on concerns about the second-half outlook. Goodyear reported net income of $28 million, or 11 cents per share, for the second quarter, compared with a net loss of $221 million, or 92 cents per share, a year earlier. Revenue rose 15 percent to $4.5 billion.

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Kellogg Company (NYSE:K) lost 6.87% to $47.98 on 10.93 million shares. The company reported lower second quarter 2010 internal net sales, internal operating profit and currency-neutral earnings per share, reflecting weakness in the cereal category, lower Eggo sales, and the impact of the June 25 voluntary recall of select packages of breakfast cereals.

Second quarter net earnings were $302 million, a 15 percent decline over the same quarter a year ago. Second quarter reported earnings per diluted share decreased 14 percent to $0.79 and decreased 11 percent on a currency-neutral basis.

Bunge Limited (NYSE:BG) also went down 14.23% to $46.29 on over 8.19 million shares. The company posted a surprising quarterly loss before a gain from the sale of its fertilizer nutrients assets and the agricultural processor slashed its full-year earnings outlook. Bunge reported a net profit of $1.8 billion, or $11.15 per share, up from $313 million, or $2.28 per share, a year earlier.

Bunge cut its full-year operating earnings forecast for a second consecutive quarter to a range of $3.25 to $3.50 per share from $5.30 to $5.80.

Dr Pepper Snapple Group Inc. (NYSE:DPS) decreased 2.90% to $37.12. The company said net income was $183 million, or 74 cents per share, in the second quarter, up from $157 million, or 62 cents per share, a year earlier. Sales rose 2.6 percent to $1.52 billion, slightly missing analysts' estimate for $1.53 billion.

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Epicstockpicks.com's Service Stocks in Focus (RSH, VCI, CAB, PAG)

Fri, 30 Jul 2010 20:17:01 +0200

(EMAILWIRE.COM, July 30, 2010 ) New York, NY -RadioShack Corporation (NYSE:RSH) added 3.02% to $20.80 on over 4.44 million shares. The company reported a higher quarterly profit as the electronics chain gained from higher sales of calling plans and recently launched mobile phones like Apple's (AAPL.O) iPhone 4.

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The Fort Worth, Texas-based chain, which is trying to rebrand itself as "The Shack," said its second-quarter net profit rose to $53 million, or 41 cents a share, from $48.8 million, or 39 cents a share, a year earlier.

Valassis Communications, Inc. (NYSE:VCI) advanced 5.62% to $34.01 with over 1.72 million shares. The company eported lower second quarter net earnings of $11.10 million or $0.21 per share versus $15.94 million or $0.33 per share a year ago.

Quarterly revenues increased 6.6% to $580.0 million from $544.0 million in the prior year quarter. Analysts polled by Thomson Reuters expected the company to earn $0.43 per share on revenues of $555.15 million, for the quarter.

Cabela's Incorporated (NYSE:CAB) dropped 3.61% to $15.76 on a volume of 1.71 million shares. The company on Thursday reported second quarter net income of $18.0 million or $0.26 per share, compared to $9.1 million or $0.14 per share in the prior year quarter.

Total revenue for the period decreased 3.3% to $526.0 million from $549.2 million in the same period last year. Comparable store sales for the period decreased 4.6%.

Penske Automotive Group, Inc. (NYSE:PAG) advanced 2.30% to $13.81. The company on Thursday reported an increase in profit for the second quarter that reflected increase in new and used retail unit sales.

The company's second quarter income from continuing operations attributable to shareholders was $29.2 million or $0.32 per share, up from $19.8 million or $0.22 per share last year.

ABOUT http://www.epicstockpicks.com

Epic Stock Picks provides free Penny stock newsletters on various stocks including penny stocks of the day. EpicStockPicks.com team of experts delve into the micro and small-cap world of stocks, including big board pennies, searching for equities that are undervalued, yet show great promise of future growth.

EpicStockPicks.com will not be responsible for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails.

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YIPI, BEDA, MCBC, PWER and GRDO are the Daily Market Movers for July 30th from OTCPicks.com

Fri, 30 Jul 2010 20:15:01 +0200

(EMAILWIRE.COM, July 30, 2010 ) Dallas, TX - The Publisher of Daily OTC Stocks Newsletter (http://www.otcpicks.com/hotpicks.htm ) and Free Red Hot Stock Picks presents the following penny stocks to watch today: Yippy Inc. (OTCBB: YIPI), Bederra Corp. (OTC: BEDA), Macatawa Bank Corp. (Nasdaq: MCBC), Power-One Inc. (Nasdaq: PWER) and Guard Dog Inc. (OTC: GRDO).

YIPPY INCORPORATED (OTCBB: YIPI) Up 4.31% in morning trading"
Based in Fort Myers Florida, Yippy, Inc. (http://www.yippy.com), formerly known as Cinnabar Ventures, Inc., is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial market segments in the cloud computing sector.

BEDERRA CORPORATION (OTC: BEDA) "Up 33.33% in morning trading"
Bederra Corporation, through its wholly owned subsidiaries Diagnos, Inc. and Lumar Imaging, Inc., provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.

MACATAWA BANK CORPORATION (NASDAQ: MCBC) "Up 33.05% in morning trading"
Headquartered in Holland, Michigan, Macatawa Bank Corporation is the parent company for Macatawa Bank. Through its banking subsidiary, the Company offers a full range of banking, investment and trust services to individuals, businesses, and governmental entities from a network of 26 full service branches located in communities in Kent County, Ottawa County, and northern Allegan County. Services include commercial, consumer and real estate financing; business and personal deposit services, ATMs and Internet banking services, trust and employee benefit plan services, and various investment services. The Company emphasizes its local management team and decision making, along with providing customers excellent service and superior financial products.

POWER-ONE INCORPORATED (NASD: PWER) "Up 24.40% in morning trading"
Power-One designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas.

GUARD DOG INCORPORATED (OTC: GRDO) "Up 10.68% in morning trading"
Guard Dog, Inc. is rapidly accelerating to become an industry leader in the rapidly growing field of Identity Theft Protection. The company strives to serve the growing needs of consumers throughout the United States. Guard Dog, Inc. is an aggregator and supplier of a broad spectrum of services similar to that of other industry leaders including LifeLock. However, in addition to offering a similar suite of services to that of competitors, Guard Dog, Inc. provides downloadable applications, which will notify a customer through a computer alert notification in the event of any identity theft red flags become triggered.

The stocks presented above are available in OTCPicks.com's Free Daily Email Newsletter. For daily penny stock alerts go to http://www.otcpicks.com/hotpicks.htm

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Disclosure: OTCPicks.com and affiliates have been compensated eight thousand dollars by a third party (Strategic Investors Group) for YIPI advertising and promotional services.

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