OTCPicks.com

FEATURED COMPANY

GENERAL AUTOMOTIVE COMPANY (OTCBB: GNAU)

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

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

General Automotive Company ("GAC") is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, visit www.generalautomotive.com.

GNAU News:

May 22 - General Automotive Revenues Increase 51 Percent for First Quarter 2008

Substantial Sales Increase Reflects Growing Demand for Replacement Parts

General Automotive Company (OTCBB: GNAU) (“GA”), a provider of original equipment and aftermarket automotive parts, mobile electronics and related products, today reported financial results for its first quarter ended March 31, 2008.

Revenue for the 2008 first quarter rose 51% to $4.07 million from $2.69 million in the 2007 first quarter. Gross profit for the 2008 first quarter was $345,000 compared to $482,000 in the prior-year period. The company recorded a net loss of $504,000, or $0.07 per diluted share, compared to a net loss of $443,000, or $1.15 per diluted share, in the 2007 first quarter.

President and CEO Joe DeFrancisci commented, “Since General Automotive became a public company on February 22, 2008, we've focused on building a platform for the company's future growth. We're pleased with our revenue increase, which was driven by initiatives such as working more closely with our major distributor customers to satisfy the growing demand for engine replacement parts. In tougher economic times, consumers tend to keep their cars longer, increasing the need for the parts General Automotive supplies. We also greatly strengthened our balance sheet, reducing total liabilities from $12.125 million to $4.4 million.

“To increase the efficiency of our operations going forward, we've been expanding our Asia sourcing activities and supplier quality programs. All of these actions are putting General Automotive in a good position to execute our growth strategy going forward. Our plan is to grow both organically and via acquisition within the auto parts and accessories product market. Our focus is on finding and acquiring market leaders with strong growth potential for revenue and profit improvement and outstanding management teams.”

CFO Harry Christenson added, “Our selling, general and administrative expenses were consistent for the two comparative three-month periods ended March 31, 2008 and 2007. Although we achieved certain expense reductions in our day-to-day operations, they were offset by the new costs of being a public company of approximately $217,000. We recorded expenses of approximately $28,000 for the value of stock issued as compensation for services in the three months ended March 31, 2008 as compared to $312,000 in the same period of 2007. However, net loss improved by only approximately $148,000, due primarily to reduced gross profit margins.”

FEATURED COMPANY

XSUNX INCORPORATED (OTCBB: XSNX)

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

Company Profile: http://www.otcpicks.com/xsunx/xsunx.htm

Xsunx, Inc., a thin-film photovoltaic (TFPV) company, focuses on developing thin film photovoltaic (TFPV) amorphous silicon solar cell manufacturing processes to produce TFPV solar modules. Its product includes XsunX ASI-120 module, which is a 125 peak watt TFPV solar module utilizing glass substrates and a proprietary semiconductor manufacturing system. XsunX ASI-120 provides for a module delivering high power output, and size and framing that would allow for the use of various existing mounting systems. The target markets for the TFPV solar module include solar farms, government agencies, and utility companies, as well as power purchase agreements and large commercial installations worldwide. The company, formerly known as Sun River Mining, Inc., was incorporated in 1997 and changed its name to XsunX, Inc. in 2003. XsunX is headquartered in Aliso Viejo, California.

XSNX News:

May 22 - Renewable Energy Stocks Sector Close-Up as Oil Hits Over $130 Barrel; Recent Developments in Solar, Wind, Geothermal and Green Automotive Stocks

www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presented a sector close-up on recent news and developments in renewable energy stocks, as oil continues to set record highs.

Included in the Renewable Energy Sector Close-Up (as of May 21, 2008) was a look at XsunX, Inc. (OTCBB: XSNX), a solar technology company that recently announced it has signed an agreement with Praxair, Inc. (NYSE: PX) for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facility near Portland, Oregon.

XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. For more information on the companyy, visit www.investorideas.com/co/xsnx/default.asp or www.xsunx.com.

FEATURED COMPANY

NEXPLORE CORPORATION (OTC: NXPC)

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

Company Profile: http://www.otcpicks.com/nexplore/nexplore.htm

NeXplore Technologies is developing a Web 2.0 search engine and an assortment of social networking portals and tools that will enable users to personalize their Web experience and tailor it to their unique needs, interests, and online pursuits. The Company’s social computing platform, MyCircle.com, offers an enhanced, user-friendly graphical interface search engine, combined with innovative backend technology, which enables users to improve the way they connect with information and other people on the Worldwide Web. MyCircle’s Web 2.0 interface provides users with an online tool for sharing their Blogs, Voice-Over IP, photos and documents, podcasts and videocasts, classified advertising, instant messages, SMS text messages, Chat and personal profiles.

NXPC News:

May 22 - Detroit Red Wing Pavel Datsyuk Scores for NeXplore

Datsyuk Joins NeXplore Advisory Board, Serves as Spokesperson

NeXplore Corporation (OTC: NXPC) announced that Russian-born hockey phenom and acclaimed center for the Detroit Red Wings Pavel Datsyuk will serve as a spokesperson to help drive adoption of NeXplore Search, an innovative Web 2.0 search destination optimized for a superior end-user experience, rich-media display and social network integration. NeXplore Search is currently in public beta at www.NeXplore.com.

"NeXplore Search is fun and easy to use," said Datsyuk. "I'm proud to be part of the NeXplore team. Hockey fans will love NeXplore. It is easy to find and save video highlights of their favorite players. More pictures and videos help you to find what you're looking for fast."

"The excitement when Pavel steps on the ice is palpable. His energy and passion are electric, contagious. He fires up hockey fans and teammates alike whenever he has the puck. He is a world-class athlete — renowned as much for his awe-inspiring play as he is for his good sportsmanship. Pavel Datsyuk is a welcome and great addition to the NeXplore team," said Edward Mandel, chief executive officer of NeXplore Corporation.

Scott Grizzle, chief marketing officer for NeXplore Corporation, said, "We are aggressively targeting sports enthusiasts during phase one of the NeXplore Search public beta rollout. We believe sports fans will share a natural affinity with and appreciation for the great performance and exciting, visually rich experience NeXplore Search offers. Sports fans are passionate, and we believe, have a strong influence on their peers. Once they give NeXplore Search a try, we're confident they'll help us spread the word."

Grizzle added, "Pavel Datsyuk personifies characteristics NeXplore operates by on a daily basis — speed, excitement, and an unrelenting drive to be the best. He is a class act on and off the ice, and we are thrilled to have him on board."

FEATURED COMPANY

USA SUPERIOR ENERGY (OTCBB: USSUE)

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

Company Profile:
http://www.otcpicks.com/usa-superior-energy/usa-superior-energy-3.htm

USA Superior Energy Holdings, Inc., a development stage company, operates in the energy industry in the United States. The company, through its wholly owned subsidiary, USA Superior Energy, Inc., engages in the development, ownership, and operation of prospects and energy projects in East and Southeast Texas. It also focuses on using nitrogen technology to recharge and produce oil and gas from under-pressured partially depleted reservoirs. The company was founded in 2005 and is based in Houston, Texas.

USSUE News:

May 20 - USA Superior Reports 2007 Results

USA Superior Energy Holdings, Inc. (OTCBB: USSUE) (the "Company"), a Houston-based energy company focused on acquiring, owning, operating and applying enhanced oil recovery ("EOR") techniques to existing shallow fields of oil and gas that have been idle or marginally producing, reported its operating results for the year ended December 31, 2007. On May 16, 2008, the Company filed its Annual Report on Form 10-K for the twelve months ended December 31, 2007. It is recommended that interested parties consult the Form 10-K report for additional information on the Company's 2007 operating results and financial condition.

Mr. Rowland Carey, Chairman and CEO, stated: "2007 was a seminal year for our company. Essentially it was a start up year with minor revenues and losses associated with our reverse merger and issuances of stock to key employees as we prepared the company for additional growth. Accomplishments during the year were (1) becoming a public company to provide access to the capital markets, (2) the acquisition of our most substantial asset, the Bateman Project, and (3) the preparation of that project for EOR operations to begin in 2008.

"As we operate in 2008, we are focused on (1) strengthening our management team to bring expanded talent and discipline to manage our growth, (2) increasing our capital base to fund our growth, (3) continuing our business strategy of acquiring and joint venturing shallow fields of oil and gas that have been idle or marginally producing, (4) accelerating oil production from the Bateman Project and (5) communicating more effectively with the capital markets. We continue to believe that efficient low-cost enhanced recovery of oil and gas in existing proven fields can bring outstanding returns to our investors."

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 20 - Gerry Kaufhold, Founder and Analyst at In-Stat's Converging Markets and Technologies Information Research Service, Talks About USA Video Interactive Corp.

Gerry Kaufhold, founder and Principal Analyst at In-Stat's Converging Markets and Technologies Information Research Service, was interviewed by www.DigitalMediaStocks.com, an investor and industry portal for the digital media sector within Investorideas.com. Digital media companies discussed in the interview include watermarking company USA Video Interactive Corp. (OTCBB: USVO) (CDNX: US.V), Philips Electronics, Data Mark Technologies, Twentieth Century Fox Home Entertainment, a subsidiary of Twentieth Century Fox Film Corporation, a News Corp. company and CBS Corp.'s planned $1.8 billion acquisition of CNET Networks Inc.

Mr. Kaufhold has successfully predicted some notable technology trends, including the growth of CD-ROM drive for personal computers, as well as market shares for worldwide unit shipments of MPEG-related semiconductor devices. Discussing trends moving forward, Mr. Kaufhold notes, "Three key areas of growth for emerging digital content include: Blue Ray Optical Discs and Blue Ray TV and Movie titles coming from the studios, Social Networks with high definition video sharing and electronic delivery of high quality digital media."

Mr. Kaufhold goes on to discuss forensic watermarking technology deployed by several companies, the differentiation of technologies and some of the public companies in the sector.

"There is a small company in Connecticut called USA Video Interactive that I have been talking to for six years. They are a great example of the rest of the industry, in that it has taken them several years to develop their technology, prove it and make it robust enough to start using it. Just recently they signed a deal with Twentieth Century Fox Home Entertainment for high speed internet delivery of electronic files. Fox needs to be able to preview movies to buyers at Target and Wal-Mart and to work around direct theft at the mailroom; they now defend against it with USA Video's MediaEscort that automatically embeds watermarks or SmartMarks into every frame of the video during internet delivery. So if the content leaks out, they know exactly which computer to go and investigate. This is a very solid and robust approach to identifying leaks and theft."

To listen to the entire podcast/audio interview go to:

http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/051608a.mp3.

STOCKS TO WATCH

RUDY NUTRITION INCORPORATED (OTC: RUNU)
"Up 36.84% in morning trading"

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

Founded by Notre Dame sports legend Daniel "Rudy" Ruettiger, Rudy Nutrition, Inc. is a manufacturer of health conscious "Rudy" branded products that offer great taste as well as healthy choices for parents, kids, athletes, and active people looking for something special. Rudy Nutrition is focused on creating, distributing and licensing "Rudy" branded products that offer healthier alternative choices backed by Rudy's inspirational message of hope — that "never give up" spirit immortalized in the movie "RUDY" — on every product. For more information, visit www.rudynutrition.com, www.rudybeverageinc.com or www.avcg.net.

RUNU News:

May 22 - Bold New Look Aims to Create a Greater Impact for the Rudy Brand

Rudy Nutrition, Inc. (OTC: RUNU) announced a new label design that reflects a bolder and more distinctive look. The new label design includes the same inspirational "Dream Big. Never Quit." message. Along with the new label, the bottle cap will be changed to the color gold. The fresh packaging alternative was designed to stand out from other brands in the beverage marketplace.

President of Rudy Beverage Rocky Brandonisio stated, "This more dynamic look will appeal to more consumers and is expected to create greater impact on-shelf." He went on to say, "It's still the same, easily recognizable Rudy label, but greater emphasis has been placed on the nostalgia of the Rudy name."

The changes to Rudy Beverage are part of an overall marketing strategy to continue nationwide momentum and penetration into new markets. "Dream Big. Never Quit." is the marketing campaign of Rudy Beverage. This message will be reinforced with testimonials and promotional materials featuring the soon to be announced current and former professional athlete celebrity endorsers.

"Rudy Beverage reminds us all that if we dream big and never quit, great things will happen," said Daniel "Rudy" Ruettiger, Chairman of Rudy Nutrition, Inc. "We strongly believe that this message will resonate with consumers."

ORIENT PAPER INCORPORATED (OTCBB: OPAI)
"Up 5.88% in morning trading"

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

Orient Paper engages mainly in the production and distribution of products such as copy paper, uncoated and coated paper, digital photo paper, corrugated paper, plastic paper, kraft paper, graphic design paper, antifraud thermal security paper and other paper and packaging-related products. For more information, visit www.orientalpapercorporation.com.

OPAI News:

May 21 - Orient Paper, Inc. Announces First Quarter 2008 Financial Results

* Revenues Increased 66.04% to $13.5 million
* Net Income Increased 85.51% to $1.4 million
* EPS Doubled to $0.04 per diluted share

Orient Paper Inc. (OTCBB: OPAI) (the “Company”), a large paper milling manufacturer in China, announced its operating results for the first quarter of 2008. Net revenues for the first quarter of 2008 increased 66.04% to $13.5 million compared to $8.1 million for the first quarter of 2007. First quarter’s net income was $1.4 million, compared to $0.78 million for the first quarter of 2007, with earnings per share increasing to $0.04 per diluted share compared to $0.02 per diluted share for the comparable period of 2007.

“We are very pleased with our first quarter results. During the quarter, our growth in revenues and the increase in net income, compared to last year’s results, were due to a combination of a strong seller’s market and higher sales volume in three product lines: Corrugated Paper, High-Grade Offset Paper and Mid-Grade Offset Paper. Additionally, the introduction of new product lines resulted in record profits for our company," Zhenyong Liu, Chief Executive Officer of Orient Paper stated. “In our previous news release, we stated that we have new permits that will enable us to continue to gain market share in China. While our first quarter results are more than satisfactory, we will continue to grow and significantly improve our Company’s bottom line results. Additional growth will be achieved through strengthening our operational foundation through focusing our efforts on issues such as internal cost control, improved logistics coordination, advanced technology import, new product development and an increase in the overall managerial efficiency of the Company. We are delighted about the progress our company has realized in the past and look forward to building upon that in each succeeding quarter. Our focus is, and will remain, to provide increased value to our shareholders,” Mr. Liu concluded.

First Quarter Highlights

The $5.4 million increase in net revenues during the first quarter of 2008 was attributable to increased demand for our products as a result of the closure of many small paper milling companies because of heightened environmental laws and regulations. In addition to the increased demand, we launched a successful market expansion plan that increased our sales volume in the domestic market.

Gross profit was $2.5 million with a gross margin of 18.36% for the three months ended March 31, 2008, compared to $1.3 million in gross profit and a gross margin of 15.61% recorded during the first quarter 2007. The favorable variances resulted from the fact that the Company experienced an increase in their sales and related pricing which was greater than the increases noted in related costs during the period.

General, administrative, and research and development expenses in the quarter were $0.22 million, up $0.15 million from last year’s first quarter level, reflecting the funding of a new research venture of the Company to increase the market position in other areas.

Net income in the first quarter was $1.4 million, an improvement of $0.67 million, or 85.51% from the prior year’s $0.78 million. This increase reflects the higher revenues and improved cost efficiencies.

Fiscal 2008 Outlook

Orient Paper reaffirms previously issued guidance for its 2008 financial results, with total sales for 2008 to increase approximately 20% compared to 2007.

FREESTAR TECHNOLOGY CORPORATION (OTCBB: FSRT)
"Up 22.22% in morning trading"

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

FreeStar Technology Corp. provides mission-critical solutions to the financial industry worldwide. Working with merchants and acquirers in more than twenty countries, its product suite has empowered partners to focus on their core competencies, while its innovative driven approach has enabled them to benefit from first to market advantage and realize their true potential. FreeStar Technology has adopted a partnership strategy for growth. Its partners are market leaders in their respective industries. These include IKEA, Finnair and Stockmann. Its subsidiaries, Rahaxi Processing Oy., Finland, FreeStar Technologies Ireland, Ltd., and FreeStar Dominicana S.A. Dominican Republic, continue to develop and implement first class products and solutions that enhance the service level its partners can offer their customers. For more information, visit www.freestartech.com and www.rahaxi.com.

FSRT News:

May 21 - FreeStar Technology Corporation Achieves Record Quarterly Revenue, Generating a 272% Increase in Hardware Sales Over the Past Nine Months

Revenue Generates an Increase of 178% Over the Past Nine Months; 2008 on Track to Exceed Company's Expectations in Cross-Border Transactional Processing and Hardware Sales

FreeStar Technology Corp. (OTCBB: FSRT), an international card payments processor and technology company, reported financial results for the three month and nine-month periods ended March 31, 2008.

Revenue for the three months ended March 31, 2008 was $1,629,150 compared to $1,125,634 for the three months ended March 31, 2007 an increase of $503,516 or approximately 45%. Revenue consisted of transaction processing and related revenue of $575,002, an increase of 19% over prior year. The Company processed a total of 4,047,161 transactions during the three months ended March 31, 2008, this number does not reflect the sales of POS (Point of Sale) terminals that are charged a flat recurring rate monthly fee rather than per transaction fee.

Revenue for the nine-month period ending March 31st 2008 showed a 85% increase over the same period ending March 31st 2007. The Company had revenue of $4,432,358 for the nine months ended March 31, 2007 compared to $2,399,396 for the nine months ended March 31, 2007, an increase of $2,032.962. Revenue consisted of transaction processing and related revenue was $1,575,507 compared to $1,443, 763 during the prior year an increase of 9%. The Company processed a total of 14,233,019 transactions. This number does not reflect the sales of POS (Point of Sale) terminals that are charged a flat recurring rate monthly fee rather than per transaction fee.

The Company reports continued trend in increases of consulting services. There was an increase of 60% with a total of $760,119 for the three months ended March 31, 2008 compared to $474,505 during the prior year. An increase of 178% with revenue of $2,049958 for the Nine months ended March 31, 2008, compared to $738,449 during the prior year.

"The Company's consulting revenue is generated primarily from the company's 50% stake in PLC (Project Life Cycle Partners). This will continue to increase with more terminals being deployed and further expansion into more countries with our Cross border payments processing ability. We expect to report increased revenue from consulting services in the Fiscal year ending June 30, 2008," stated Freestar's CEO Paul Egan.

Hardware and related revenue was $806,893 during the Nine months ended March 31, 2008 compared to $589,709 the prior year, an increase of 272%. "This has been a record year thus far in both Consulting services and Hardware sales. We will continue this trend as we expand our customer base and recognize additional revenue streams from both annual maintenance fees and service initiation fees. Our International projects are in progress and we can expect to see a healthy increase in processing revenue throughout 2008," stated CEO Paul Egan.

Commenting on the results, Ciaran Egan, Chief Financial Officer, said: "This has been a very exciting year thus far for Freestar Technology Corporation. We believe we have achieved significant progress as a company through our continued investment in technical infrastructure, raising our profile, visibility, and customer support network. As a global business, we have further demonstrated that we can secure and deliver a wide range of cutting edge payment solutions to a wide range client base across a world market.

"We believe that this is very much the beginning of what can ultimately be achieved by the Company. We have an excellent team, a growing reputation for delivering quality solutions and a significant market opportunity." Mr. Egan noted some recent highlights:

* Launched multi-currency enabled ip solution in Denmark
* Brings PCI-approved, palm-sized mobile payments to Finland
* Launched stand alone dynamic currency conversion ("dcc") solution at the point of sale in the European marketplace
* Major Finnish ICT solutions provider to offer Rahaxi processing's secure payments interface, Rahaxi-OTI to its clients
* Demand for EMY- and PCI-compliant payments processing products prompts first major order of terminals in the Dominican Republic

MERGE HEALTHCARE (NASD: MRGE)
"Up 65.79% in morning trading"

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

Merge Healthcare Incorporated and its subsidiaries develop clinical and medical imaging software applications and development tools. Its medical imaging software solutions support business and clinical workflow for radiology department and specialty practices, imaging centers, and hospitals. Its diagnostic imaging workflow applications include picture archiving and communication systems, radiology information systems, and clinical applications that support medical imaging in various specialized areas, such as orthopedics, cardiology, mammography, and oncology. The company's technologies consist of various digital imaging modalities that include computed tomography, magnetic resonance imaging, digital x-ray, mammography, ultrasound, echo-cardiology, angiography, nuclear medicine, positron emission tomography, and fluoroscopy. Its offerings are used in various aspects of clinical imaging workflow, including the capture of a patient's digital image; archiving, communication, and manipulation of digital images; clinical applications to analyze digital images; and the use of imaging in minimally-invasive surgery. Merge Healthcare also focuses on the development of custom-engineered software applications and development tools for the global medical imaging and information original equipment manufacturer (OEM) markets. The company sells its products directly to end-user healthcare markets, including hospitals, imaging centers, and specialty clinics in the United States, Canada, Europe, the Middle East, and Africa; through the Internet via its Web site; and to OEMs and value added resellers. Merge Healthcare was founded in 1987 and is headquartered in Milwaukee, Wisconsin.

MRGE News:

May 22 - Merge Healthcare Announces $20 Million Financing Through the Private Placement of Senior Secured Debt and Common Stock and Agreement in Principle Regarding the Settlement of Its Securities Class Action Lawsuit

Merge Healthcare Incorporated (NASD: MRGE) (TSX: MRG), a leading medical imaging software and services provider, announced that it has entered into a securities purchase agreement and related agreements with Merrick RIS, LLC ("Merrick") for $20 million in financing through a private placement. Pursuant to the terms of the private placement, the Company intends to sell (i) a $15 million senior secured term note due 2010 and 6,800,000 shares of the Company’s common stock as partial consideration for the term note and (ii) 14,285,715 shares of the Company’s common stock at a price per share of $.35. The private placement was made pursuant to an exemption from the registration requirements under the Securities Act of 1933, as amended ("Securities Act"). The private placement is scheduled to close on or about June 3, 2008, subject to customary closing conditions and the delivery of the shareholder notice described below. After giving effect to the payment of certain transactions costs, closing fees and the payment of prepaid interest, the net proceeds of the private placement to the Company will equal approximately $16.6 million.

The term note will bear interest at 13.0% per annum, payable quarterly. The Company is required to prepay at the closing the first two interest payments. The principal amount of the term note will be payable in a single installment on the second anniversary date of the closing of the transaction. Merrick may require the Company to redeem the term note in full if a change of control occurs. If the change of control results in the payment of consideration to the Company's shareholders equal to or exceeding $1.75 per share, the redemption price of the term note shall be at par. If such consideration is less than $1.75 per share, the redemption premium shall be (i) 120% of par if the change of control occurs within one year of the closing date, or (ii) 118% of par if the change of control occurs anytime thereafter. The term note may also be voluntarily prepaid at 120% of par at any time.

The term note contains various operating and financial covenants, including a requirement that the Company have positive adjusted EBITDA for the last fiscal quarter of 2008 and cumulatively thereafter through the term of the note. The term note also contains event of default provisions including, but not limited to, failure to pay, breach of financial or operating covenants, and certain events of bankruptcy or insolvency. The term note will be a senior secured obligation and will be senior to the Company’s existing and future indebtedness. The term note will be secured by all of the Company’s United States and Canadian assets.

In connection with the private placement, Merrick shall be entitled to designate five persons to replace five of the eleven current directors on the Company’s Board of Directors, effective immediately upon the closing of the private placement. The Company has also agreed that Merrick will continue to have the right to designate five persons to be nominated for election to the Board of Directors in the future, subject to reduction upon a decrease in Merrick’s ownership percentage in the Company.

The Company has entered into a registration rights agreement in connection with the private placement pursuant to which it has agreed to register with the Securities and Exchange Commission for public resale the common stock under certain circumstances.

The Company amended its Rights Agreement so that the private placement and related transactions do not trigger the distribution of rights under the plan.

The term note and the shares of the Company’s common stock to be issued in the private placement will not be registered under the Securities Act, or any state securities laws and once issued may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The term note and shares of the Company’s common stock are being sold pursuant to an exemption from the registration requirements of the Securities Act afforded by Regulation D of the Securities Act. Resale of the term note and the shares of the Company’s common stock will be restricted.

Agreement in Principle Regarding the Securities Class Action Settlement

Merge Healthcare also today announced that it had entered into an agreement in principle with the plaintiff in the consolidated securities class action suits filed against Merge Healthcare. The agreement in principle provides for the settlement, release and dismissal of all claims asserted against Merge and the individual defendants in the litigation. In exchange, Merge Healthcare has agreed to a one time cash payment of $3,025,000 to the plaintiff and Merge's primary and one of its excess D&O insurance carriers have agreed to a one time cash payment of $12,975,000 to the plaintiff, for a total of $16 million. The settlement is subject to, among other things, the closing of the financing described above, the drafting and execution of the final settlement documents, and the approval of the settlement by the court.

Nasdaq Marketplace Rules Exception

In connection with the private placement, the Company received from the Nasdaq Listing Qualifications Department an exception from compliance with certain of the Nasdaq Marketplace Rules. The Nasdaq’s Marketplace Rules require, among other things, listed companies to obtain shareholder approval prior to the sale or issuance of common stock in connection with a transaction: (i) other than a public offering, involving the sale, issuance or potential issuance by a listed company of common stock equal to 20% or more of the common stock or 20% or more of the voting power outstanding before the issuance for less than the greater of book or market value of the stock and (ii) that would result in a change in control of the listed company under the Nasdaq rules. However, it is possible to obtain an exception to these requirements if a listed company is in financial distress. Due to its immediate cash concerns, the Company determined that delaying the transaction in order to seek shareholder approval would jeopardize its financial viability. As a result, the Company requested and received a waiver from the shareholder approval rules from the Nasdaq’s Listing Qualifications Department in order to proceed with the transaction without receipt of prior shareholder approval.

The Audit Committee of the Board of Directors expressly authorized the Company to obtain and rely on this exception under the Nasdaq rules. The Company is also notifying all of its shareholders of this transaction by mail prior to the issuance of the common stock.

Commenting on the financing and the agreement in principle, the Company’s President and Chief Executive Officer, Mr. Rardin, stated, "We are pleased that Merrick has partnered with the Company and provided this financing package. The financing should provide us with the necessary liquidity as we continue our attempts to grow our revenues and align expenses with the revenues of the business and regain our position as a growing and profitable provider of healthcare diagnostic imaging software and services. This financing combined with the ongoing cost reduction plans that started with the February restructuring and the refocusing of the business on the North America RIS-PACS and teleradiology markets and the Cedara OEM business allows the company to focus on its core strengths. Additionally, we look forward to the strategic advice and counsel Merrick will provide to the Company as we move forward." Mr. Rardin further stated "The agreement in principle to settle the securities class action is another significant step forward for Merge Healthcare, especially when coupled with the previously announced agreement in principle to settle the Company’s derivative action. We are excited that we can now focus on the go forward strategy of Merge Healthcare."

NOVAVAX INCORPORATED (NASD: NVAX)
"Up 1.72% in morning trading"

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

Novavax, Inc., a biopharmaceutical company, focuses on developing vaccines using its virus-like particle technology for infectious diseases. It develops vaccines for pandemic influenza, seasonal influenza, Varicella Zoster, and other disease targets. The company was founded in 1987 and is headquartered in Rockville, Maryland.

NVAX News:

May 22 - Novavax Announces Proprietary Method to Create SARS Vaccine and Renewal of NIH Funding for SARS Vaccine Development

Novavax, Inc. (NASD: NVAX) announced that it has created a new proprietary process to develop a vaccine candidate against Severe Acute Respiratory Syndrome (SARS). The company also received renewed research funding from the National Institutes of Health (NIH) to continue preclinical development of SARS vaccine candidates using Novavax's virus-like particle (VLP) technology.

"Until now, it has been difficult to produce VLP vaccine candidates against SARS and other complex infectious disease targets because many of these biological structures do not assemble efficiently," said Dr. Gale Smith, Vice President, Vaccine Development. "Our new proprietary process uses select components of SARS and other structural proteins that combine with cell membranes to form distinctive SARS coronavirus nanoparticles, which are nearly identical to the human SARS virus but lack the genetic material needed to replicate and cause disease."

"This new approach to create VLPs will allow us to continue our work to develop a SARS vaccine candidate and expand the potential applications of our vaccine technology to a broad range of infectious diseases around the world," said Rahul Singhvi, President and Chief Executive Officer of Novavax, Inc.

Severe acute respiratory syndrome (SARS) is a viral respiratory illness caused by a coronavirus and was first reported in Asia in February 2003. According to the World Health Organization (WHO), subsequent to the 2003 breakout, over 8,000 people were infected, with 774 reported deaths. While there is currently no known reported SARS transmission globally, WHO and other such agencies continue to monitor the SARS situation on a global basis as health officials remain concerned that SARS or similar disease could reemerge.

The SARS VLP program is conducted under an NIH grant. Novavax does not have the commercial rights to this product candidate.

TECHLABS INCORPORATED (OTC: TCHL)
"Up 14.29% in morning trading"

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

Techlabs (www.techlabsinc.net) is primarily engaged in the development of business opportunities in various industries. The Company seeks to acquire undervalued unique properties and assets developing them to their highest and best use via innovative business development and financing concepts.

TCHL News:

May 22 - Techlabs, Inc.'s Byers Food Subsidiary to Introduce Roll-Out Program With Supercenters

Techlabs, Inc. (OTC: TCHL) announced that its newly acquired subsidiary, Byers Foods Co. will initiate a limited roll-out program of its Byers Organic soup line with Wal-Mart's Supercenters in the Northeast region involving approximately 100 stores. Initial deliveries to the Supercenters are expected at the end of August 2008, in time for the fall and winter "soup season."

The new relationship represents an expanded exposure and distribution of Byers natural organic soup line throughout the eastern United States. Including this roll-out program, Byers will be in over 350 major grocery food stores along the eastern seaboard. Byers in addition to the major grocer accounts, also distributes, through a network of regional and national distributors, to over 400 gourmet, independent and natural food stores.

BANCROFT URANIUM (OTCBB: BCFT)
"Up 24.00% in morning trading"

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

Bancroft Uranium Inc. is an exploration company which intends to develop Uranium assets in North America. Bancroft's initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.

BCFT News:

May 22 - Bancroft Sees Optimistic Long-Term Future for Uranium

Bancroft Uranium Inc. (OTCBB: BCFT) ("Bancroft" or the "Company") recently commented on what the Company perceives as an optimistic long-term trend for the uranium market. As the prices of oil, natural gas and other hydrocarbon energy sources soar, nuclear power is becoming one of the few options for the supply of clean, reliable energy in the world today.

Oil prices traded above $129 a barrel recently after hitting another record high as supply concerns mounted, selling for about twice what they were just a year ago. Prices have been propelled by worries about insufficient supply, soaring global demand and a sliding US dollar that has made oil cheaper for many overseas buyers. Industry observers in recent days have also pointed to especially strong demand for diesel in China, where power plants in some areas are running desperately short of coal and certain earthquake-hit regions are reliant upon diesel generators for power.

Bancroft sees a long-term future for the price of uranium as it continues to be one of the most viable alternatives to fossil fuels. Today, there are some 439 nuclear power reactors operating in 30 countries. In 2006 these reactors provided 2658 billion kWh, about 16% of the world's electricity. 34 power reactors are currently being constructed in 11 countries, notably China, South Korea, Japan and Russia. With this scope of on-going construction, supply factors should soon affect the uranium market.

Only 64% of utilities' annual requirements are supplied by mine production with the balance made up from secondary sources or stockpiled uranium held by utilities. These stockpiles are reported to be largely depleted. The perception of imminent scarcity drove the "spot price" for un-contracted sales to over US$135 per pound U3O8 in 2007, but it has settled back to $70-80 as of early 2008. Most uranium however, is supplied under long term contracts and the prices for new contracts have in the past reflected a premium above the spot market.

The long-term view for uranium pricing is dominated by demand fueled by future growth of new power plant requirements and the stagnant state of world mining production which needs to expand significantly. As Canada is a world leader in the safe and efficient production of uranium to meet the world's energy needs, Bancroft is poised to become a part of this important industry with the development of the Monmouth Uranium Project.

For inquiries from the public and media concerning the Monmouth Uranium Project, contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information, contact investor relations at 1-866-860-2995.

SEAMLESS WI-FI INCORPORATED (OTCBB: SMWF)
"Up 14.29% in morning trading"

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

Seamless Wi-Fi, Inc., through its subsidiaries, engages in the development and marketing of Internet communications products and services in the United States. The company provides wireless Internet access service known as wireless fidelity (Wi-Fi) in Wi-Fi hot spots. It also develops software program that provides Wi-Fi users with Seamless-Secure Internet Browsing, which encrypts the user's Wi-Fi signal. In addition, the company develops Phenom Encryption Software, which enables secure communications over Wi-Fi, local area networks, and wide area networks with its virtual Internet extranet network technology. The Phenom software provides secure peer mail, chat, file transfer, and remote personal computer access in a two-megabyte download; and its application protocol interface supports voice-over Internet protocol, video voice conferencing, and white boarding. Further, it manufactures and markets the S-XGen ultra mobile personal computer and communications device. The company was founded in 1983 as International Food and Beverage, Inc. and changed its name to Internet Business's International, Inc. in 1998. Further, it changed its name to Alpha Wireless Broadband, Inc. in 2004 and to Seamless Wi-Fi, Inc. in 2005. Seamless Wi-Fi, Inc. is based in Las Vegas, Nevada.

SMWF News:

May 22 - S-Gen and S-SIB a Great Hit at The Money Show

Seamless Wi-Fi, Inc. (OTCBB: SMWF) announced the results of The Money Show that was held May 13 – 15 at the Mandalay Bay, Las Vegas, Nevada.

During the three-day event the Seamless booth had over 500 visitors of which 400 visitors requested additional information about our hardware and software product. Pictures of The Money Show presentation can be seen at www.slwf.net/main-site/Interviews/05-21-08.html.

“The big hit at the booth was the S-Gen, the majority of the visitors asked to be kept informed as to when the S-Gen will be available for purchase. We also met with several investors that wanted additional information about Seamless Wi-Fi, Inc. Over all it was a great format for Seamless and we were pleased with the results,” stated Albert Reda, CEO of Seamless Wi-Fi, Inc.

The S-Gen is the ultra Mobil Computer, GPS, telephone and so much more, can be seen online at www.s-gen.com.

The S-SIB™ (Seamless-Secure Internet Browsing) software program incorporates 256 bit encryption and creates a Virtual Private Network for S-SIB users. S-SIB can be downloaded for a free 30-day trial at www.s-sib.com.

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