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OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, January 19th SAPX, EGHT, CEYY, OBJE, RIGH, ASTI Our Stocks to Watch today include Seven Arts Entertainment Inc. (NASDAQ:
SAPX), 8×8 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).Visit http://otcpicknews.com/emailmarketer/link.phpM940&N76&L1&F=T to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.SEVEN ARTS ENTERTAINMENT INCORPORATED (NASDAQ: SAPX) “Up 17.17% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N76&L52&F=T Seven 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 free television.SAPX News:January 12 – Seven Arts Announces Start of Principal Photography on `Schism`Seven 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.”Schism,” 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.”Esplanade 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.Peter 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.”8×8 INCORPORATED (NASDAQ: EGHT) “Up 22.58% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N76&L1&F=T 8×8, 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, 8×8 is uniquely positioned as a business` one-stop shop for everything cloud. 8×8 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. 8×8 customers include small to medium sized businesses, distributed enterprise organizations and government agencies. EGHT News:January 18 – 8×8, Inc. Announces Record Third Quarter Fiscal 2012 ResultsQuarterly Revenue Increases 31% Year-Over-Year to $23.3 Million and Net Income Increases 73% to $2.6 Million, or $0.04 Per Share8x8, 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.Total 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.Net 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.Hosted service margin from recurring revenue remained strong at 77% and capital expenditures as a percentage of total revenue was 2.3%.Business 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.”We 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 8×8 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.”As 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.FRESH START PRIVATE INCORPORATED (OTCBB: CEYY) “Up 48.33% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N76&L12&F=T Fresh 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. CEYY News:January 12 – Fresh Start Private Inc. Appoints Ryan Fleming to Director of MarketingFormer Clear Channel Sales Executive to Drive National Marketing Efforts for Corporate ExpansionFresh 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.In 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.Mr. 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.Prior 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.Ryan is also the co-founder of a series of online websites, and a member of the American Marketing Association.Mr. 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.”OBSCENE JEANS CORPORATION (OTCBB: OBJE) “Up 5.26% in morning trading” Detailed Quote: www.otcpicks.com/quotes/OBJE.php Obscene 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. OBJE News:January 18 – Social Media Tools Play Critical Role in CampaigningAs 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.Barack 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 platform.Social 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.One 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 government.OBJE 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.Digital followers who feel connected to the campaign will be more likely to make the leap from online supporter to offline volunteer—and financial supporter.RIGHTSMILE INCORPORATED (OTC: RIGH) “Up 50.00% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N76&L72&F=T Based 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 the retailer.RIGH News:January 19 – BG Medical Technologies, Inc. and BudGenius.com Successfully Complete Reverse Merger to Service Multi-Billion Dollar Cannabis Market BG 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.BG 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.BG 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.The 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.BG Medical Technologies does not sell, grow, harvest, cultivate, nor distribute medical cannabis. ASCENT SOLAR TECHNOLOGIES INCORPORATED (NASDAQ: ASTI) “Up 24.94% in morning trading” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N76&L88&F=T Ascent 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 solutions. ASTI News:January 4 – TFG Radiant Increases Ownership in Ascent SolarAscent 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.TFG 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.Victor 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.”“We 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.”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.
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