FEATURED COMPANY

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
"Up 14.29% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/MGRN.php

Company Profile:
http://www.otcpicks.com/monogram-energy/monogram-energy.htm

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.

MGRN News:

May 13 - Monogram Energy Inc. Continues to Produce in Corsicana, Texas

Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the Company will begin workovers on 3 additional wells early next week in Corsicana, Texas. These wells are part of the T.W. Martin lease and are expected to produce an estimated 270 barrels a month. The workover is expected to take one week to complete and will increase the total number of wells in production to eight. The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County, which produces around 600,000 barrels annually.

"These next three wells should provide us with some nice operating cash flow," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

FEATURED COMPANY

BIOSOLAR INCORPORATED (OTC: BSRC)

Detailed Quote: http://www.otcpicks.com/quotes/BSRC.php

Company Profile: http://www.otcpicks.com/biosolar/biosolar-2.htm

BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components. The company was founded in April 2006. It was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.

BSRC News:

May 13 - BioSolar Files Quarterly Report with SEC

Cash Flow Increases by 36%

BioSolar Inc. (OTC: BSRC) announced its results of operations for the quarter ended march 31, 2008 compared to the quarter ended march 31, 2007:

OPERATING EXPENSES

Selling and Marketing Expenses

Selling and marketing ("S&M") expenses increased by $37,894 or 368.48%, to $48,178 for the three months ended March 31, 2008, compared to the prior period. S&M expenses increased due to an increase in marketing exposure.

General and Administrative Expenses

General and administrative ("G&A") expenses increased by $39,560 or 46.23%, to $125,126 for the three months ended March 31, 2008, compared to the prior period. This increase in G&A expenses was the result of an increase in salaries and professional fees.

Research and Development

Research and Development ("R&D") expenses increased by $6,337or 23.22%, to $33,628 for the three months ended March 31, 2008, compared to the prior period. This increase in R&D expenses was the result of fees paid to consultants and testing of product.

Net Loss

Our net loss increased by $87,755 to $198,634 for the three months ended March 31, 2008, compared to the prior period. Currently the Company is in its development stage and had no revenues.

LIQUIDITY AND CAPITAL RESOURCES

As of March 31, 2008, we had $854,042 of working capital as compared to $1,064,076 as of December 31, 2007. This decrease of $210,034 was due primarily to use of funds for general and administrative expenses.

Cash flow used in operating activities was $217,228 for the three months ended March 31, 2008, as compared to cash used of $159,555 for the prior period. This increase of $57,673 was primarily attributable to an increase in research and development, and general and administrative expenses.

Cash used by investing activities was $7,258 for the three months ended March 31, 2008, as compared to cash used of $12,212 for the prior period. The decrease of cash used in investing activities was primarily due to a decrease in investing in certificates of deposits.

Cash provided from financing activities during the three months ended March 31, 2008, and 2007 was $0 respectively. There was no equity financing this period.

PLAN OF OPERATION AND FINANCING NEEDS

We are engaged in the development of new and innovative technology to produce bio-based materials with the intent to reduce the cost per watt of solar cells that convert sun light into electrical energy. We plan to develop bio-based backsheets, substrates, superstrate layer, module, panel components, and thereafter focus our efforts on establishing markets in the building materials.

Our plan of operation within the next twelve months is to utilize our cash balances to transition from research and development stage to a production stage for the bio-based plastic backsheets and substrates to reduce the cost of solar cells that convert sun light into electrical energy. In addition, during the next twelve months we plan to accelerate the development activity for other solar cell components, commence a test program to determine the physical properties and characteristics that will be most suitable for commercially available solar cell devices, and build prototype solar cells, as we attempt to validate the commercial viability of additional bio-based solar cell components. We believe that our current cash and investment balances will be sufficient to support development activity and general and administrative expenses for the next twelve months. Management estimates that it will require additional cash resources during 2008, based upon its current operating plan and condition. We will be investigating additional financing alternatives, including equity and/or debt financing. There is no assurance that capital in any form would be available to us, and if available, on terms and conditions that are acceptable. If we are unable to obtain sufficient funds during the next twelve months, we may be forced to reduce the size of our organization, which could have a material adverse impact on, or cause us to curtail and/or cease, the development of our products.

FEATURED COMPANY

CARBON SCIENCES INCORPORATED (OTCBB: CABN)

Detailed Quote: http://www.otcpicks.com/quotes/CABN.php

Company Profile:
http://www.otcpicks.com/carbon-sciences/carbon-sciences-2.htm

Carbon Sciences, Inc. focuses on developing GreenCarbon technology to convert carbon dioxide into a form that would not contribute to global warming. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company was founded in 2006 as Zingerang, Inc. and changed its name to Carbon Sciences, Inc. in April 2007. Carbon Sciences, Inc. is based in Santa Barbara, California.

CABN News:

May 12 - Carbon Sciences Targets Near Term Multi-Billion Dollar Market for Its CO2 Transformation Technology

Carbon Sciences, Inc. (OTCBB: CABN), the developer of a breakthrough technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products, today announced its first application targeting a near term multi-billion dollar global market.

This initial application of the Company's technology is a process that will transform CO2 into a high value chemical compound, currently used in the manufacture of paper, pharmaceuticals and plastics. Unlike existing methods of production, Carbon Sciences' clean tech process will be carbon neutral, use less energy and result in a lower cost product.

The demand for this high value chemical compound (Precipitated Calcium Carbonate or "PCC") is projected to grow to 10 million tons by 2010, due to increased global paper consumption and construction in Asian countries. Of the forecasted total, approximately 70% of the PCC produced is expected to be used by the paper industry as brightness coating and filler.

The Company's management believes that energy and CO2 intensive industries, such as paper production, will welcome this innovative clean technology because it offers two very important benefits — lower cost and carbon neutrality. For example, a paper mill with an integrated PCC plant, based on the Company's proprietary technology, will be able to transform its own CO2 emissions into PCC for immediate use in paper production — thereby decreasing cost and CO2 emissions.

Commenting on Carbon Sciences' go-to-market strategy, Derek McLeish, the Company's CEO, said, "We are excited that the PCC market provides us with a lucrative near term opportunity. While the massive market for CO2 mitigation in coal-fired power plants may be years away, the multi-billion dollar PCC market is here and now."

Mr. McLeish further stated, "According to the International Energy Agency, the CO2 mitigation technology market is projected to reach $400 billion by 2030. In April 2008, for the first time in history, President Bush unveiled a climate change proposal suggesting that the U.S. would accept binding cuts on CO2 emissions and calling for a peak by 2023, starting with the power generation industry. We believe that by focusing our efforts on the existing multi-billion dollar PCC industry, we will be well positioned to be a major player in the even larger $400 billion CO2 mitigation market in the future. This strategy is in line with our corporate mission of enabling a carbon neutral world by transforming CO2 into high value products, one industry at a time."

FEATURED COMPANY

KCM HOLDINGS CORPORATION (OTC: KCMH)

Detailed Quote: http://www.otcpicks.com/quotes/KCMH.php

Company Profile:
http://www.otcpicks.com/kcm-holdings/kcm-holdings-2.htm

KCM Holdings Corporation is a strategic business development and holdings company specializing in a broad range of business incubation, support, design and development ventures. For more information, visit www.thekcmgroup.com.

KCMH News:

May 9 - KCM Holdings Corp. Announces First Operational Quarter a Profitable Success and Unveils Recession Proofing Plan Projecting $3-7 Million in Revenue

KCM Holdings Corp. (OTC: KCMH), a strategic business development and holdings company, announced its results for the first quarter ending March 31, 2008.

For the first quarter of fiscal 2008, its first operational quarter as a publicly traded company, KCMH reported total revenue of $290,000 and net income of $160,000 after taxes. KCMH has already surpassed last quarter’s revenues in this fiscal quarter and projects even further growth.

“We realize it is rare that a micro-cap company shows profit its first quarter, so I am very pleased,” states Donald Klein, President and CEO.

According to Mr. Klein, "We accomplished our goal of diversifying into a range of industries based on globalization and recent interventions by the Government with financial institutions. We have identified a recession proofing strategy and supporting revenue models. Our focus will be on information and content-driven models like Google, and strong financial management similar to Goldman Sachs. Our goal is to bring the same strategies utilized by these great companies to the micro-cap arena, and with persistence and integrity, generate healthy revenue, even in the midst of today’s economic instability.”

Ed Kang, COO, was equally pleased and is confident operational revenues will continue to improve due to the internal recession proofing plan, “Our first quarter proves that our strategy is the right foundation for continual focus on conserving cash, core competencies, and expansion by creating proprietary value and innovative financial models.”

KCMH estimates its preliminary revenue projections between $3-7 Million in gross revenue for 2008. These preliminary projections are based on its current client schedule, revenue sharing agreements, acquisition negotiations and launching of additional publicly traded companies. KCMH is set to release its proprietary intellectual properties for small businesses this quarter and announce some key client agreements to assist in global expansion.

KCMH will shortly release its financials, un-audited, and with more details of its recession proofing plan on its website at www.theKCMgroup.com.

FEATURED COMPANY

USA VIDEO INTERACTIVE CORPORATION (OTCBB: USVO)

Detailed Quote: http://www.otcpicks.com/quotes/USVO.php

Company Profile: http://www.otcpicks.com/usa-video/usa-video.htm

USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort™, MediaSentinel™ and SmartMark™ digital watermarking products and technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of USVO, holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. Visit www.usvo.com or the company showcase on Investoideas.com at www.investorideas.com/CO/USVO/Default.asp.

USVO News:

May 7 - India's Growth Story; Spending and Innovation in PC Markets, Cell Phone Markets, Green Technology and Digital Media & Entertainment

USA Video Interactive Corp.'s Digital Watermarking Technology Deployed in Bollywood

www.IndiaStockMarket.com, a global investor website for investing in India within Investorideas.com, reports on the rapid economic growth story in India and some of the key sectors that are impacted. With an economy growing at nine percent, spending and innovation in technology across personal computers, cell phones, greentech and digital media is on the rise.

USA Video Interactive Corp.'s (OTCBB: USVO) (CDNX: US.V) recently announced that four production and distribution companies in Bollywood, the world's largest film and entertainment industry, based in Mumbai, India, will be deploy their unique digital watermarking product, MediaSentinel(TM), to protect against piracy domestically and internationally. The companies will begin using MediaSentinel(TM) through PIO TV Pvt. Ltd. (www.pioTV.com), India's only digital integrated media Platform Company.

India's Media and Entertainment is accelerating and according to industry stats, was worth INR402.43 billion (USD9.12bn) in 2006, a growth of 13.98% over 2005, which is higher than GDP growth rate.

"It is expected that the industry will grow at a CAGR of 34.17% during 2006-10."

At the Seoul Digital Forum, Sumner Redstone, Chairman of Viacom and CBS Corporation (Market, News) stated in his keynote, "Governments in China and India are starting to take an active interest in reinforcing copyrights, if only to protect their own home grown content."

Shemaroo Entertainment, an Indian company and distributor of Indian films, recently reported it expects to grow at a compounded annual growth rate (CAGR) of 30 to 35 per cent over the next three years but also raised concerns over video-piracy, which causes the company Rs 650 crore in revenue-losses.

In the cellular sector, Reliance Communications Limited, ( BOM:532712 ) an integrated communications service provider with an individual, enterprise and carrier customer base of over 30 million announced Financial results for the year ended March 31, 2008 with net profit up by 70.8% and revenue higher by 31.8 %. Reliance is the most profitable integrated telecom company in India, which has grown to become the world's second biggest cell phone market, following China. India grew to a 200-million cellular subscriber mark as of September 2007.

In the tech sector, according to recent reports at www.idcindia.com, "India's information technology and IT-enabled Services (ITeS) industry will more than double in size by 2012."

IDC also announced data earlier, "During calendar year 2007 the overall India Server market factory revenue grew by 24% over calendar year 2006 to touch US$ 727 million* and unit shipments grew by 19% to 135,615 during the same period. Apart from traditional sectors like telecom, BFSI and manufacturing, 2007 also saw the emergence of retail and construction as key demand drivers."

Other research from IDC India notes, "The India Client Personal Computer (PC) market crossed yet another milestone to ship nearly 6.5 million PCs in a calendar year, thereby recording 20% year-on-year growth in unit shipments (compared to 5.4 million units in CY2006)."

From Tech to greentech, business leaders at a US-India renewable energy conference in Washington noted that "India's role as a hub for US technology companies could be mimicked in the renewable energy market," calling for greater deregulation and a global price on carbon emissions to help spur growth in alternative fuel sources.

With rapid economic growth, rising incomes, an increasing number of billionaires and millionaires, forty-four per cent of the Top 100 Fortune 500 companies setting up offices in India, just like China, is a force to be reckoned with.

Facing challenges of rising food costs and oil costs as challenges, India looks ahead to innovation and technology for answers.

ABOUT INVESTORIDEAS.COM

InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.

STOCKS TO WATCH

DOMESTIC ENERGY CORPORATION (OTC: DMEC)
"Up 566.67% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/DMEC.php

Domestic Energy Corp. operates as an independent oil and gas exploration and development company. It focuses on the acquisition of wells and shale leases in the Chattanooga Shale in Tennessee. The company was formerly known as Homeland Security Group International, Inc. and changed its name to Domestic Energy Corp. in March 2008. Domestic Energy Corp. is based in San Diego, California.

DMEC News:

May 14 - Domestic Energy Acquires 90 Wells With Shale Potential

Domestic Energy Corp. (OTCBB: DMEC) announced that it has acquired the working interest and operating rights to more than 90 wells in Tennessee with Chattanooga Shale potential.

"Initially, we plan to re-complete and stimulate several of these wells that are currently producing limited amounts of crude oil and natural gas," explained Larry Hillabrandt, Domestic CEO. "The long term potential is the development of the Chattanooga Shale in these wells. The Chattanooga Shale, like the Barnett Shale in Texas and the Marcellus shale in Pennsylvania and New York has been overlooked until just recently, when new stimulation techniques have opened the door to development of this source of natural gas," he added.

Domestic Energy Corp., an independent oil and gas exploration and development firm, acquired the wells from several Tennessee-based privately owned companies, in a cash and stock transaction. The firm plans to evaluate the wells in the coming months, rank the wells based on potential and begin stimulating the shale, while building a gas gathering system to transport the gas to an interstate market.

Hillabrandt noted that the newly acquired wells are within 17 miles of a Consol Energy Chattanooga Shale well that had an IP of 3.9 MMCF of gas per day. "For the time being we will focus on evaluating, prioritizing and stimulating our vertical wells, and we will evaluate the potential for drilling one or more horizontal wells in the future," he added.

SPOOZ INCORPORATED (OTC: SPZI)
"Up 42.86% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/SPZI.php

Spooz, Inc. provides a suite of solutions for financial trading to traders and hedgers. It offers SpoozToolz and its modules, which add built-in trading capabilities to the Microsoft Excel software application by combining a customizable interface and streaming quotes, charts, technical analysis, a historical database, and electronic trade execution into an add-in that becomes a part of the Excel tool bar. These Excel add-in tools provide trading and analysis screens; and promote building customized templates that track the market value of users' portfolios, asset inventories, and production using data directly from their existing accounting systems. The company also provides SpoozCTS Simulator that provides functional trading simulation with live market data from CBOT and CME electronic futures contracts. The company is based in Chicago, Illinois.

SPZI News:

May 14 - Spooz Launches Strategy Control Dashboard for SpoozToolz™

Spooz, Inc. (OTC: SPZI) announced the release of powerful new strategy control features for SpoozToolz that empower brokers and traders to run, monitor and manage multiple automated trading strategies simultaneously:

* Rapid development, deployment and production of algorithmic trading strategies;
* Connectivity to exchanges, brokers, data, and third party applications; and,
* Control of multiple strategies and their associated risk and profit targets.

SpoozToolz utilizes Microsoft® Excel® as the Graphical User Interface (GUI) because it is the global standard for financial analysis and trading decision support. There are 440 million installations of Excel globally and it is supported in more than 50 languages. SpoozToolz adds toolbar functions to Excel that enable the trader to quickly and easily create quote and click oriented trading screens, algorithmic and “black-box” systems. SpoozToolz enables the trader to bring concept to production in hours instead of weeks or months. Add-on modules provide specialized functionality in the form of SpoozChartz™, Spooz AutoSpreader™, and Spooz CPM™ (Custom Pricing Module).

Connectivity to market data and execution through broker are accomplished via the ToolzKit™. The ToolzKit renders the SpoozToolz middleware highly extensible by enabling the trader with the ability to create adapters to connect to an Excel enabled execution, order and position management. A test application GUI is included to aid the trader in connecting applications to SpoozToolz or connecting SpoozToolz to a wide selection of vendor price feeds, broker feeds or execution gateways. C# scripting capability is available in the ToolzKit for low latency strategies and systems. AlgoServer™ will eventually provide the trader with the ability to co-locate low latency solutions closer to exchanges for low- latency execution.

The Control Dashboard addition rounds out the platform’s robust functionality by giving the trader the ability to rapidly deploy strategies and manage multiple automated trading strategies simultaneously. Although Strategies may be developed in Excel, the low latency execution of orders is performed in the SpoozToolz C# middleware. The Control Dashboard displays activity, position, fills, and status of each running strategy as well as customizable risk and profit algorithms.

Due to the virtually unlimited flexibility of SpoozToolz the market scope is tremendous. Any exchange listed financial instrument can be traded; including stocks, futures, options, ETFs, Forex, cross asset class spreads, and uniquely customizable, and tradable synthetic instruments.

With the addition of the Control Dashboard, SpoozToolz befits hedge funds, brokerages, proprietary trading firms, as well as the independent trader because it empowers buy and sell side market participants to create and trade custom synthetic instruments. SpoozToolz is currently being deployed to brokers and proprietary trading firms in the Chicago area. Distribution to independent traders will begin later this year.

SONGZAI INTERNATIONAL HOLDING GROUP (OTCBB: SGZH)
"Up 22.14% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/SGZH.php

Songzai International Holding Group, Inc., through its subsidiary, produces coal by locating, assembling, assessing, permitting, and developing coal properties in the People's Republic of China. It operates TongGong coal mine located in the Heilongjiang Province in northeastern China. The company sells coal primarily to power plants, cement factories, whole sellers, and individuals for home heating. Songzai International Holding Group was founded in 2001 and is headquartered in Walnut, California.

SGZH News:

May 13 - Songzai International Holding Group Inc. Announces First Quarter 2008 Financial Results

Songzai International Holding Group Inc. (OTCBB: SGZH) (the "Company"), a coal producer and reseller based in China, announced consolidated financial results for the first quarter ended March 31, 2007.

Q1 FY2007 Revenue Increases approximately 367% to $4.1 Million as compared to $0.88 Million in Q1 FY2006

"We are pleased with the results for the first quarter of 2008 in light of the increased sales and improved margins as compared to the same period last year," said Hongjun Li, President of Songzai. "At the same time, we believe that the outlook for the market needs of coal remains strong as energy demands in China continue to increase."

TOP IMAGE SYSTEMS LIMITED (NASD: TISA)
"Up 17.84% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/TISA.php

Top Image Systems, Ltd. engages in the development and marketing of various information recognition systems and technologies, and automated document capture solutions for the flow of information within and between organizations. Its products include eFLOW Unified Content Platform that enables customers to integrate data of various formats and from multiple sources, including the Internet, paper, fax, microfilm, microfiche, electronic, and email to provide a single connection to the enterprise application system; Smart, the eFLOW plug-in for unstructured content that captures, recognizes, classifies, and routes incoming information; and Freedom, the eFLOW plug-in for semi-structured content that enables customers to identify and capture critical data from semi-structured documents, such as invoices, purchase orders, shipping notes, and checks. The company also offers Integra, an eFLOW plug-in for structured content, which provides a solution for data capture, validation, and delivery from structured predefined forms; eFLOW Ability, an integrated module interfacing with SAP systems for automated parking, approval, and posting of invoices and other document within SAP systems; eFLOW Invoice Reader, which is an invoice capture and approval solution; Aware Information Management Suite that includes document and data capture, document management, and computer output management software solutions; and Aware S3 Portal, which is a platform used to integrate aware capture and content manager tailored for shared services and business process outsourcing. It offers its products and services to governmental entities, and mid and large-sized enterprises in Europe, the Far East, Japan, North and South America, Israel, and Africa. The company was founded in 1991 and is headquartered in Tel Aviv, Israel.

TISA News:

May 14 - Top Image Systems Reports First Quarter 2008 Results

Top Image Systems, Ltd. (NASD: TISA) (Tel Aviv: TISA), the leading innovator of data capture solutions, today announced its financial results for the first quarter, ended March 31, 2008.

First Quarter Highlights:

* Returned to profitability with non-GAAP net income of $1.7 million
* Revenues reached $9.3 million, up 130% year-over-year and 37% quarter-over-quarter
* Announced completion of comprehensive restructuring plan
* Effectively reduced operating expenses from 83% of revenues in Q1/07 to 46% in Q1/08
* Announced board authorization to repurchase up to US$2.5 million (NIS 9 million) of outstanding Series A convertible debentures

First Quarter 2008 Results

Revenues for the quarter increased 130% reaching $9.3 million, compared to $4.0 million in the first quarter of last year, and an increase of 37% over the $6.8 million reported in the prior quarter. 56% of first quarter revenues were generated from products and 44% from services. The strong increase in revenues was due in large part to the closing of several deals that had been delayed from the end of 2007.

Operating profit for the quarter totaled $0.4 million, a substantial improvement from the operating loss of $1.5 million for the first quarter of 2007, and an operating loss of $5.0 million in the prior quarter.

Non-GAAP net profit for the quarter totaled $1.7 million, compared to a net loss of $1.2 million in the first quarter of 2007 and a net loss of $2.1 million in the prior quarter. Non-GAAP fully diluted earnings per share in the quarter totaled $0.16 compared with loss per share of $0.14 in the first quarter of 2007 and loss per share of $0.23 in the prior quarter.

Non-GAAP net income (loss) excludes stock option compensation and amortization of intangible acquired assets, which totaled $0.33 million and $0.15 million, in the first quarter of 2008 and 2007, respectively. A reconciliation between net income (loss) on a GAAP basis and a non-GAAP basis is included at the end of this press release.

On a GAAP basis, net income for the quarter totaled $1.3 million compared to a net loss of $1.4 million in the first quarter last year, and a $2.7 million net loss in the prior quarter. GAAP fully diluted earnings per share in the first quarter totaled $0.13, compared to fully diluted loss per share of $0.16 in the first quarter of 2007, and fully diluted loss per share of $0.30 in the prior quarter.

The company also announced that as of today, it repurchased an aggregate amount of 8 million NIS (approximately US$2.3 million), nominal value, of its outstanding Series A convertible debentures in the first quarter. The outstanding Series A convertible debentures were purchased at an average price of 0.54 NIS (approximately US$0.15) per 1.00 NIS (approximately US$0.28) unit.

Management comments

Dr. Ido Schechter, Top Image Systems' CEO, commented: “The first quarter represents a very solid start to the year for TIS, attesting to the success of the comprehensive restructuring plan launched in the latter half of 2007. We attribute the record quarterly revenues to the closing of several deals that had been pushed from last year and strong sales efforts in some key regions. Specifically, Asia Pacific was robust, representing around 35% of total quarterly revenues. The Company is pleased with the improvement in our gross margin and we look forward to further gains as we transition this recently-acquired revenue stream to higher-margin software solution revenues. With the completion of the restructuring plan during the quarter and the integration of the acquisitions made last year, we are extremely well-positioned to exploit the vast opportunities in our target markets.”

Dr. Schechter added: “Looking out toward the near future, we are seeing increased activity throughout all our regions, and in many cases our pipeline value is exceeding initial expectations. Our German office, which also services Austria and Switzerland, continues to show strength as its sophisticated clientele respond well to our customizable, cutting-edge eFLOW solutions. This is highly impressive because the German market represents the cradle of technological progress and is considered to be the most competitive and advanced market in the world.”

“Following the challenges of 2007, including the integration of two synergistic businesses, we are excited that our financial performance in the first quarter better reflects the strength of our market position, and the vigor with which we are approaching our target customers,” concluded Dr. Schechter.

IVOICE INCORPORATED (OTCBB: IVOI)
"Up 100.00% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/IVOI.php

iVoice, Inc., through its subsidiary Thomas Pharmaceuticals, Ltd., engages in the development and marketing of over the counter non-prescription healthcare products. It also involves in patent licensing. iVoice offers calcium-enriched, sugar free, and anti-gas antacid tablets targeted to travelers, executives, and baby boomers requiring antacid relief. The company, formerly known as Visual Telephone International, Inc., was incorporated in 1995. It changed its name to iVoice.com, Inc. in 1999 and to iVoice, Inc. in 2001. The company is headquartered in Matawan, New Jersey.

IVOI News:

May 14 - iVoice Redeems $4.8 Million in Secured Debenture Notes, Improves Balance Sheet

iVoice, Inc. (OTCBB: IVOI) announced that it has redeemed $4,796,510.00 million in Secured Convertible Debenture Notes that were previously issued to Cornell Capital Partners, LP. After repayment, there is currently $1,250,000.00 million plus accrued interest outstanding.

“We believe the redemption eliminates expensive debt that had the potential to be dilutive to shareholders,” said Jerry Mahoney, CEO of iVoice. “The repayment of this debt improves our balance sheet and reduces an overhang in our stock.”

AVALON OIL & GAS INCORPORATED (OTCBB: AOGN)
"Up 27.78% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/AOGN.php

Avalon Oil & Gas, Inc. engages in the acquisition of producing oil and gas properties in the United States. It holds 50% working interest in the J.C. Kelly wellbore, a 121.9 acre lease in Wood County, Texas; the E.A. Chance wellbores, a 40 acre lease in Camp County, Texas; 50% working interest in the Dixon Heirs, Deltic Farms and Timber, the Gunn wells, and associated units and leases, in Miller County, Arkansas; 10% working interest in 13 wellbores located in Upshur County, Texas; 25% working interest in a six well production property located in Grant Parish, Louisiana; and 15% working interest in the Janssen prospect in Karnes County, Texas. The company also holds 20% interest in the Talora Block and 15% interest in the Mecaya Block. Avalon Oil & Gas, through its subsidiaries, owns licenses for the mitigation of paraffin wax deposition from crude oil using ultrasonic waves; borehole casing technology; and to a system for determining the presence and location of leaks in underground pipes. Avalon Oil & Gas, Inc. has a strategic alliance with UTEK Corporation to develop a portfolio of new technologies for the oil and gas industry. The company is based in Minneapolis, Minnesota.

AOGN News:

May 13 - Avalon Reports Increase in Oil and Gas Revenues for Sixth Consecutive Quarter

Avalon Oil & Gas Inc. (OTCBB: AOGN) (FWB: A3MA.F) (“Avalon”) announced an increase in revenues from oil and gas production in the past quarter of 36% over the previous quarter, reflecting record level oil and gas prices and expanded property holdings, according to Kent A. Rodriguez, Avalon’s CEO, in his quarterly update to shareholders. “These returns demonstrate the sixth consecutive period of quarter over quarter revenue growth, due to the company’s continued success in enhancing development and rework opportunities to achieve operational profitability as we expand our portfolio of producing properties. “

For the quarter ended December 31, 2007, the company reported revenues of $78,304, an increase of 278% over the comparable period in 2006. For the nine month period, the company reported revenues of $178,610, an increase of 566% over the comparable period in the previous year.

“We will continue to add quality properties which offer significant upside to our portfolio,” said Rodriguez. “Avalon’s team has broad experience developing properties in the Louisiana / East Texas / Southwest Arkansas region,” he added. “Avalon is on track to continue to increase our asset base with high margin properties, and add significant developmental drilling opportunities over the several months,” said Rodriguez.

Karnes County, Texas

Last month Avalon increased its working interest in the Janssen #1A gas well in Karnes Country, Texas to 7.25%. The Janssen #1 well has maintained a production rate of 215 MCF and 5 barrels of condensate per day since the well was completed in May 2007. The Janssen #1A well is located in an area that is very active in gas and oil production. Total reserves are estimated to be 75,000 to 100,000 barrels of condensate and 3 to 4 billion cubic feet (BCF) of gas. The well was perforated at the 10,300 foot interval in the Roeder Sand (Wilcox Sand Series.)

According to Mr. Rodriguez, "The Janssen #1A is has been delivering an internal rate of return exceeding 38%.” He added “The consistent returns we have experienced on the Janssen property reflect the quality of this asset in our growing property portfolio.” He reported that the Janssen property has returned 150% of Avalon’s original investment.

Lipscomb County, Texas

Avalon recently announced reaching the target drilling depth of nearly 11,000 feet on a gas well in Lipscomb County, Texas. Kent Rodriguez commented “We have set production casing and will be testing the well over the next few weeks, and look forward to adding this well to our portfolio of producing properties. We are very excited about the potential of this gas well” said Rodriguez. Avalon owns a five percent (5%) working interest in this project.

Plaquemines Parish, Louisiana

The company is pleased to report that oil production last quarter from the Lake Washington Field is averaging 1,100 BOPD, an increase of over 40% from initial production estimates. This increase in production, coupled with much higher commodity prices, has raised the internal rate of return to over 35% for this property. Recent oil sales from this property have exceeded $108.00 per barrel. Avalon acquired a 0.7% working interest in 3 producing units and in surface production facilities and two salt water injection wells, in November 2007. Since its discovery in the 1930’s, the Lake Washington field has produced approximately 350 million barrels of oil, making it one of the largest oil and gas fields in the United States. Swift Energy Company (NYSE:SFY - News) operates the property and has recently replaced several of the oil storage tanks and returning the field to production.

Upshur County, Texas

Following several months of workovers and optimization operations, production levels at the New Diana Field have increased to 25 BOPD, recent oil sales from this property have exceeded $104.00 per barrel. Plans have been completed to provide further workovers and resolve surface facility constraints. The JB Winn well was successfully returned to production following a workover to fix a tubing link. “We are excited about the opportunity to leverage our existing investment in our salt water disposal system, and increase our production on this unit”. We are also seeking to increase our leasehold position in the unit”, said CEO Rodriguez. Avalon owns a ten percent (10%) working interest in this leasehold.

Camp County, Texas

Mr. Rodriguez reported that the Camp County property continues to produce at improved levels of 25% higher than the original output, due to active property management and a decrease in water production. This consistent performance has enabled the property to return approximately 100% of Avalon’s investment since it was purchased two years ago. The Camp County property produces a reliable volume of 6 BOPD. Avalon owns a fifty percent (50%) working interest in the Chance # 1 well, Oil sales from the Chance # 1 have been over $103.00 per barrel.

Miller County, Arkansas

Avalon and KROG Partners, operators of the wells in the Kiblah Field, report increasing production at two of the three wellbores following successful workovers in the previous quarter. Production from the Dixon # 1, Deltic Farms #1 and Gunn #1 wells has increased to an average of 8 BOPD as a result of optimization operations to enhance production efficiency. Avalon owns a fifty percent (50%) working interest in these three wells. Recent oil sales have exceeded $104.00 per barrel.

Lincoln County, Oklahoma

We are currently negotiating the purchase of a working interest in two producing wells in Lincoln County, Oklahoma, and expect to close these transactions before the end of May.

BEVERLY HILLS BANCORP (NASD: BHBC)
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Beverly Hills Bancorp, Inc. operates as the holding company for First Bank of Beverly Hills that provides various commercial banking and lending services primarily in southern California. Its deposit products include checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, and certificates of deposit. The company's loan portfolio comprises commercial and multifamily real estate lending loans, as well as single-family residential, multi family residential, commercial real estate, construction, and consumer loans. Beverly Hills Bancorp was founded in 1996 and is headquartered in Calabasas, California.

BHBC News:

May 12 - Beverly Hills Bancorp Announces First Quarter 2008 Results

Beverly Hills Bancorp Inc. (NASD: BHBC) (the “Company” or “BHBC”) the parent company of First Bank of Beverly Hills (the “Bank”), reported net earnings for the three months ended March 31, 2008 were $1.8 million, or $0.10 per diluted share, compared with $2.6 million, or $0.14 per diluted share, for the three months ended March 31, 2007. The decline in net earnings for the first quarter of 2008 was primarily due to a $0.5 million increase in the provision for loan losses, a $0.3 million decline in net interest income and a $0.7 million increase in primarily nonrecurring operating expenses.

The Company’s stockholders’ equity increased by $1.4 million during the three months ended March 31, 2008 to $149.5 million, or $7.95 book value per diluted share. As of March 31, 2008, the Company and the Bank met all regulatory capital requirements. The Bank’s risk-based capital ratio at March 31, 2008 was 14.22%, exceeding the 8.0% and 10.0% requirements to be adequately and well capitalized under applicable regulations. In addition, the Bank’s regulatory capital exceeded by more than $42 million the minimum regulatory capital levels for the Bank to be well capitalized under applicable regulations. Consistent with our strategy of preserving capital and enhancing our regulatory capital ratios, the Company did not declare a regular dividend for the first quarter.

The Company recorded a provision for loan losses of $0.7 million in the first quarter of 2008, as compared with a provision of $0.2 million in the first quarter of 2007. The increased loan loss provision reflects higher risk associated with construction loans. Due to existing weaknesses in the real estate markets, the Company has substantially increased, over the past year, its allowance for loan losses to $22.6 million at March 31, 2008. The allowance for loan losses at March 31, 2008 was 2.29% of the loan portfolio as compared with 2.19% at December 31, 2007.

Net interest income was $7.3 million for the first quarter of 2008, compared with $7.7 million for the first quarter of 2007. Net interest income declined as average interest-earning assets for the first quarter of 2008 declined $112.4 million from the year-ago period. Interest-earning assets have decreased due to a reduction in both loan originations and purchases of mortgage-backed securities. The impact of a declining interest-earning assets base has been somewhat offset by an increase in the net interest margin to 2.05% for the first quarter of 2008 from 2.01% for the first quarter of 2007.

Operating expenses were $4.2 million for the first quarter of 2008, as compared with $3.5 million for the first quarter of 2007. The Company reduced staffing levels during the first quarter of 2008 and incurred severance and compensation costs of $239,000. Additionally, the Company received a favorable outcome during the first quarter of 2008 in litigation with its former loan servicing subsidiary and the subsidiary’s current parent company. Expenses in the first quarter related to the legal matter totaled $554,000.

Loan originations for the quarter ended March 31, 2008 totaled $21.9 million, as compared with $97.5 million in the first quarter of 2007. The Company has significantly reduced loan originations and is presently originating loans on stabilized commercial and multifamily properties only. There were no new construction loans originated during the first quarter of 2008. As of March 31, 2008, the Company had outstanding commitments to fund $129.1 million in loans, which primarily consisted of undisbursed funds on existing construction loans.

Current economic conditions and deteriorating real estate markets have adversely affected us, particularly with regard to the construction loan portfolio. In general, developers are having difficulty selling existing inventory; absorption periods have extended beyond the originally projected timelines, creating an interest reserve deficiency, and buyers are not able to secure jumbo purchase money mortgages. This has resulted in an increase in non-accrual loans, which grew from $29.9 million at December 31, 2007 to $45.0 million at March 31, 2008, including $41.4 million of construction loans. The Company had no real estate owned at March 31, 2008.