SAPX, EGHT, CEYY, OBJE, RIGH, ASTI OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, January 19th
Stocks to Watch today include Seven Arts Entertainment Inc. (NASDAQ: SAPX), 8x8
Inc. (NASDAQ: EGHT), Fresh Start Private Management Inc. (OTCBB: CEYY), Obscene
Jeans Corp. (OTCBB: OBJE), BG Medical Technologies Inc. (OTC: RIGH) and Ascent
Solar Technologies Inc. (NASDAQ:ASTI).
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ARTS ENTERTAINMENT INCORPORATED (NASDAQ: SAPX)
17.17% in morning trading"
Arts Entertainment Inc. is the successor to Seven Arts Pictures Plc., which was
founded in 2002 as an independent motion picture production and distribution
company engaged in the development, acquisition, financing, production, and
licensing of theatrical motion pictures for exhibition in domestic (i.e., the
United States and Canada) and foreign theatrical markets, and for subsequent
worldwide release in other forms of media, including home video and pay and
12 - Seven Arts Announces Start of Principal Photography on 'Schism'
Arts Entertainment Inc. (NASDAQ: SAPX) ("Seven Arts") announced that
principal photography on "Schism," the first film to be produced by
Dark Arts, a division of Seven Arts' affiliate, Esplanade Pictures LLC
("Esplanade"), will start on Monday, January 16th in New Orleans.
is written by Adam Gierasch and his partner Jace Anderson and will be directed
by Gierasch. Seven Arts also announced that Callum Blue (Smallville), Vinnie
Jones (Snatch) and Ashlynn Yennie (Human Centipede) will star in in the
picture. Seven Arts has worked with Gierasch and Anderson previously on
"Autopsy" and "Night of the Demons."
will specialize in producing low-budget genre pictures in Louisiana, building
on the strength and resources of its local Seven Arts' affiliate, Seven Arts
Pictures Louisiana LLC.
Hoffman, CEO of Seven Arts, commented, "We are pleased to announce our new
collaboration with Adam Gierasch and Jace Anderson for 'Schism,' a frightening
picture which will appeal both to Adam's core audience and to the wider
audience for films with artistic and creative merit."
INCORPORATED (NASDAQ: EGHT)
22.58% in morning trading"
Inc. is a leading provider of cloud communications and computing solutions.
With a portfolio of SaaS and IaaS solutions encompassing hosted communications,
contact center, unified communications, video web conferencing, managed
dedicated hosting, virtual private servers and more, 8x8 is uniquely positioned
as a business' one-stop shop for everything cloud. 8x8 has been delivering
cloud services since 2002 and has garnered a reputation for technological
excellence and outstanding reliability, backed by a commitment to exceptional
customer support. 8x8 customers include small to medium sized businesses,
distributed enterprise organizations and government agencies.
18 - 8x8, Inc. Announces Record Third Quarter Fiscal 2012 Results
Revenue Increases 31% Year-Over-Year to $23.3 Million and Net Income Increases
73% to $2.6 Million, or $0.04 Per Share
Inc. (NASDAQ: EGHT), provider of innovative business communications and cloud
computing solutions, today reported record financial results for the third
quarter of fiscal 2012, the period ended December 31, 2011.
revenue for the third quarter of fiscal 2012 was $23.3 million, a 31% increase
compared to the same period last year and a 17% sequential increase compared to
revenue of $19.8 million in the prior quarter. Total revenue from business
customers, including hosted communications service revenue as well as cloud
data revenue, grew 42% year-over-year and represented 93% of total revenue.
income for the third quarter grew 73% vs. the same period last year to $2.6
million or $0.04 per share. Operating income was $2.6 million in the third
quarter of fiscal 2012, an 80% increase compared to $1.4 million in the same
period last year. Depreciation, amortization and stock-based compensation
expenses were approximately $385,000, $357,000 and $418,000, respectively.
service margin from recurring revenue remained strong at 77% and capital
expenditures as a percentage of total revenue was 2.3%.
customer churn decreased to a record low of 2.0%, compared to a churn rate of
2.2% in the same period last year and 2.1% in the prior period. The Company
ended the quarter with 27,677 business customers. The average new customer
added during the December quarter purchased 14.1 services.
continue to see robust and accelerating growth in new business revenue, while
simultaneously reducing churn, and this is contributing to strong overall
organic growth across all segments of our business," said 8x8 Chairman
& CEO Bryan Martin. "The acquisition of Contactual, which was
completed at the end of the September quarter, has rounded out our portfolio of
cloud communications services extremely well and now gives us the ability to
better serve the needs of larger customers with both on-site and distributed
call center operations. I am especially encouraged by the momentum we are
seeing on the hosting side of our business and the continued success we are
experiencing winning larger businesses and government organizations that are
moving toward cloud-based solutions."
of December 31, 2011, the Company had $21.9 million in cash, cash equivalents
and investments compared to $19.1 million on September 30, 2011.
START PRIVATE INCORPORATED (OTCBB: CEYY)
48.33% in morning trading"
Start Private is an alcohol addiction, alcohol withdrawal, alcohol abuse
treatment and alcohol detox rehabilitation company on the leading edge of
alcohol addiction treatment. The Company has licensed a highly effective
treatment and delivers target therapeutic levels of Naltrexone that
significantly reduce patients' cravings for alcohol.
12 - Fresh Start Private Inc. Appoints Ryan Fleming to Director of Marketing
Clear Channel Sales Executive to Drive National Marketing Efforts for Corporate
Start Private Management Inc. (OTCBB: CEYY), a leader in the alcohol treatment
and rehabilitation industry, is pleased to announce that Ryan Fleming has
accepted the appointment as Director of Marketing for Fresh Start Private Inc.
this newly formed role, Mr. Fleming will be working on defining and creating
strategic marketing efforts as Fresh Start Private looks to expand into
additional markets in North America. This will include working on strategic
alliances and partnerships with existing clinics while building the brand name
for corporately owned/managed clinics.
Fleming worked with Clear Channel Radio since 2006 in direct response
advertising, helping clients in marketing campaigns on radio stations including
KFI AM 640, KLAC AM 570/ Fox Sports Radio, KTLK AM 1150, 102.7 KIIS FM, KOST
103.5, MY FM, 98.7, HOT 92.3.
to being involved in LA radio, Ryan worked with the Anschutz Entertainment
Group (AEG) with their premier sports properties and products including the Los
Angeles Kings and the Los Angeles Galaxy.
is also the co-founder of a series of online websites, and a member of the
American Marketing Association.
Fleming commented, "I am excited to work with and help create an
organization and culture that will change the way people successfully deal with
alcohol addiction. There is no question that in the process we will elevate
this recovery program and brand — making it a household name in our industry —
in just a few short years to come."
JEANS CORPORATION (OTCBB: OBJE)
5.26% in morning trading"
Jeans Corp., a development stage company, focuses to design, develop,
manufacture, market, wholesale, distribute, and sell a women’s line of Obscene
Brand jeans. It also plans to offer t-shirts, jackets, and sweatshirts. The
company intends to market and distribute its products in the United States and
Italy to high-end retailers, department stores, and boutiques, as well as
through online venues. Obscene Jeans Corp. was founded in 2009 and is
headquartered in Sarasota, Florida.
18 - Social Media Tools Play Critical Role in Campaigning
political campaigns heat up across the country, social media tools such as
those in development by Obscene Interactive, a subsidiary of Obscene Jeans
Corp. (OTCBB: OBJE), are playing an increasingly critical role in reaching
voters and raising funds.
Obama’s 2008 campaign was one of the first to use social media to help drive
online political fundraising. The 2012 Obama campaign is forecasted to produce
the first billion-dollar-candidate thanks in part to a custom online
fundraising has become a critical strategy for 2012 candidates, with social
media-powered campaigns making it easier than ever to execute strategies like
money bombs and short-term fundraising pushes that dramatically increase the
amount of money candidates collect in small donations as well as the speed with
which they collect them.
social fund-raising site, Fundly.com, launched the Fundly Political Index late
last year to help track the velocity of political social fundraising across the
Web. Fundly alone currently processes between $50-500,000 each day for
political candidates on both sides of the fence, and at all levels of
is exploring the creation of the next generation of social platforms to help
foster new relationships between candidates, social causes, entrepreneurs and
donors and/or investors. These unprecedented digital tools represent the future
of crowd-funding. In addition to raising money, candidates will be able to
connect with existing supporters and reach out to voters who aren’t yet
convinced. Accomplishments, such as campaign milestones, will get liked,
shared, re-tweeted and reblogged instantly.
followers who feel connected to the campaign will be more likely to make the
leap from online supporter to offline volunteer—and financial supporter.
INCORPORATED (OTC: RIGH)
50.00% in morning trading"
in Port St. Lucie, Florida, RightSmile, Inc. engages in the distribution of
branded and private label Cosmetic Laser Teeth Whitening products. RightSmile®
provides an exclusive turn-key Cosmetic Teeth Whitening System designed to
complement existing health, beauty and medical businesses. Approved branded
retailers become known as SmileShoppes. RightSmile® provides every SmileShoppe
(RightSmile® dealers) with State-of-the Art Whitening Technology at no cost to
19 - BG Medical Technologies, Inc. and BudGenius.com Successfully Complete
Reverse Merger to Service Multi-Billion Dollar Cannabis Market
Medical Technologies, Inc. (OTC: RIGH) announces the successful completion of a
reverse merger with RightSmile, Inc. BG Medical, headquartered in Los Angeles,
California, will operate under the leadership of a new management team led by
Chief Executive Officer, Angel Stanz. The Company is working with counsel
to file the appropriate documents with FINRA to promptly complete its formal
name and symbol change.
Medical Technologies, Inc. has exchanged 100% of its outstanding shares for 4
million shares of preferred stock and 200 million shares of restricted common
stock. Currently the Company does not have authorized shares remaining to
issue BG Medical required stock and will look to increase its authorized shares
to issue restricted shares to BG Medical. BG Medical plans to use stock options
as incentives to attract seasoned talent to its workforce. This will
enable the Company to accelerate development and expedite its future business
plans. BG Medical will also resume the task of uplisting the Company to the OTC
Bulletin Board by engaging the team that began an audit in 2010.
Medical is a technology and services provider for the medical cannabis
industry. The company delivers an educational consumer experience through
an expanding suite of software and services. BG Medical's flagship brand,
BudGenius.com, is an online portal providing medicine matching and directory
services enabling patients to select and locate the most effective cannabis for
their ailments. BG Laboratories provides potency, pesticide, and contaminant
analysis reporting for medical cannabis. BG Medical has provided testing
services for over 240 cannabis dispensaries, farmers, and product
manufacturers. BudGenius.com receives over 2,000 visits daily from patients
looking to locate applicable medicine for their medical needs.
Company completed 3,000 cannabis tests for year ending 2011, and projects over
10,000 cannabis tests for year 2012. BG Medical will capitalize on new 2012
revenue streams in targeted advertising programs for web and video, the launch
of an on-demand video network, software licensing revenue, and patient loyalty
programs. BG Medical adds $662,000 in assets to the current balance sheet of
the public entity as well as projected revenues for 2012 upwards of $6,500,000.
Full revenue stream projections will be released on or prior to February 1st.
Medical Technologies does not sell, grow, harvest, cultivate, nor distribute
SOLAR TECHNOLOGIES INCORPORATED (NASDAQ: ASTI)
24.94% in morning trading"
Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using
flexible substrate materials that can transform the way solar power generation
integrates into everyday life. Ascent Solar modules, which were named one of
TIME Magazine’s 50 best inventions for 2011, can be directly incorporated into standard
building materials, commercial transportation, automotive solutions, space
applications, consumer electronics for portable power and durable off-grid
4 - TFG Radiant Increases Ownership in Ascent Solar
Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible CIGS solar
panels, announced today that TFG Radiant Investment Group, Ltd. (TFG Radiant),
is poised to increase its ownership interest in the Thornton, Colo., based
solar panel manufacturer. TFG Radiant acquired approximately 20 percent of the
outstanding shares of Ascent in August 2011. The increase will put TFG
Radiant’s ownership at approximately 41 percent.
Radiant will purchase the stake in the Company presently owned by Norsk Hydro
Produksjon AS for $4 million, or approximately $0.50 per share. The transaction
is expected to close within the next 90 days.
Lee, managing director of TFG Radiant and an Ascent board member, said: “We
continue to be very excited about the market potential for Ascent’s
transformational solar power technology. No other manufacturer can match the
combination of power density and flexibility, which we believe will enable TFG
Radiant to lead in rooftop and portable power applications in East Asia.”
are pleased to see that our most recent strategic partner, and licensee for our
technology in East Asia, is increasing its commitment to Ascent,” commented Ron
Eller, Ascent president and CEO. “We have the same vision for our unique, high
performing flexible technology to bring solar power to everyday lives in a
seamless and compelling manner.”
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