OTCPicks.com

FEATURED COMPANY

QUOTEMEDIA INC. (OTCBB: QMCI)

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

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

QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, visit www.quotemedia.com.

QMCI News:

August 7 - James Kelly Joins QuoteMedia's New York Office

QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data, corporate research information and financial applications, announced the addition of Mr. James Kelly as Corporate Sales Director in the company’s office in New York City.

Mr. Kelly brings nearly 20 years of experience in the Financial Services and Market Data Technology industries. Most recently, Mr. Kelly served as Vice President of Sales & Account Management for QUODD Financial Information Services, where his responsibilities were to develop and close new business among the brokerage professional market. Mr. Kelly was the top sales person in his time with QUODD, accounting for a significant portion of QUODD’s revenue during his tenure, including the addition of several major enterprise clients. Mr. Kelly has also held management and sales positions with several other major players in the industry, including Comtex News Network, Global Insight, Reuters/Bridge Information Systems, Wall Street Source, Federal Filings (Dow Jones), ILX Systems, Inc (Thomson Financial) and Lehman Brothers.

“We are very pleased that James is joining QuoteMedia,” said Dave Shworan, CEO of QuoteMedia Ltd. “He brings a wealth of experience to our company, particularly with regard to sales and business development within the sell side community, and I’m sure he’ll become an invaluable member of our team.”

“I’ve seen QuoteMedia’s development over the past few years, from virtual unknown to an emerging major player in the financial data industry, and the attention that it is generating with its entry into the professional market for streaming portfolio management services,” said Mr. Kelly. “QuoteMedia has earned a strong reputation both for the quality of its applications and technology, and its responsiveness to the needs of the industries it serves. I am thrilled to be joining the company as it continues its explosive growth.”

FEATURED COMPANY

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
"Up 4.48% in morning trading"

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

Company Profile:
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:

August 7 - Monogram Energy, Inc. Negotiates New Lease

Monogram Energy, Inc. (OTC: MGRN) announced that it has entered into negotiations for an additional oil lease located in Navarro County, Texas. Monogram is partnering with another company on this venture, as they have a workover rig which will allow Monogram immediate access to the wells located on the lease.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We want to stay aggressive with our acquisition program, as we feel this gives us the best opportunity for long term success."

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

WIND ENERGY AMERICA INCORPORATED (OTCBB: WNEA)
"Up 9.38% in morning trading"

Detailed Quote: www.otcpicks.com/quotes/WNEA.php

Company Profile:
www.otcpicks.com/wind-energy-america/wind-energy-america-2.htm

Wind Energy America Inc. develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms: Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present, WNEA owns a developer's stake and a minimal interest producing negligible cash flow in these wind farms. Over the next two years the developer’s stake will begin producing significant cash flow from these projects. The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company owns a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.

WNEA News:

July 24 - Wind Energy America Inc. Engages CoreVentures Renewable Fuels

Wind Energy America Inc. (OTCBB: WNEA) has entered into an agreement with CoreVentures Renewable Fuels a privately owned renewable energy firm that specializes in project management and financing of renewable energy projects.

Joe Anderson, a partner at CoreVentures Renewable Fuels, former broker with Merrill Lynch, and a veteran at financing wind and other renewable energy projects had this to say: "We are excited about the opportunity to be working with Wind Energy America and see an almost unlimited potential for growth."

The majority shareholder of CoreVentures is CorVal Group, Inc. CorVal Group, Inc. is the holding company for seven independent companies in the construction, engineering & facilities industry. Most notable among them is NewMech Companies Inc., an 85 year old family owned business that employs over 600 people and has completed over $250 million in renewable energy projects.

Darrel Kluge CEO of Wind Energy America commented “Joe actually played an integral role in the financing of our Lakota Ridge, Shaokatan Hills and CHI wind farms almost ten years ago. We are fortunate to be gaining the benefit of his intuitive understanding of our business and what it takes to get projects completed.”

FEATURED COMPANY

COPPER KING MINING CORPORATION (OTC: CPRK)

Detailed Quote: www.otcpicks.com/quotes/CPRK.php

Company Profile:
www.otcpicks.com/copper-king-mining/copper-king-mining.htm

Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.

CPRK News:

August 5 - Copper King Mining Corporation Provides Project Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing and exploration company located in southern Utah, provided the following updates and a correction to a prior press release, concerning its mining and processing operations near Milford, Utah.

In response to several inquiries concerning a press release issued on March 24, 2008 by the company’s former investor relations firm without the company’s participation, Copper King’s management believes a correction to this press release is appropriate at this time.

Two power lines supply the power supply to the Copper King mill. One is approximately 3 ½ miles long and originates directly from the substation that will supply the mill concentrator with power. This supply line was rebuilt and upgraded by a local power utility, requiring new poles and other equipment. This utility upgrade now provides a connection point from which the company’s power line is now hooked south of the Ely Milford Highway. The company was assessed a substantial portion of the costs as its share of this improvement.

The company’s prior investor relations firm inadvertently confused pictures of this utility upgrade for the actual power line to the mill’s concentrator and issued a press release that included incorrect information about these two electrical connections.

In reality, nearly seven miles of new 46KV line has recently been built from the utility connection point to the company’s mill concentrator by the company’s contractor, Probst Electric of Heber, Utah, which construction should be completed this week. The company avers that the work performed by Probst Electric is unparalleled in light of cost, construction time and the quality work product. The company will issue more construction updates in the following weeks.

FEATURED COMPANY

U.S. MINE MAKERS INCORPORATED (OTC: USMM)

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

Company Profile:
http://www.otcpicks.com/us-mine-makers/us-mine-makers-2.htm

U.S. Mine Makers, Inc. is a US-based company engaged in "eco friendly" mining and processing of precious metals in Idaho, Nevada and Canada. The Company processes ore concentrate and hard rock ore to recover residual gold, platinum, rhodium and other precious metals from waste rocks of old abandoned mines. The Company`s goal is to process ore in a safe and economical manner, with little or no environmental impact.

USMM News:

August 4 - U.S. Mine Makers Goes 'Green' With Their Gold Recovery Process

U.S. Mine Makers, Inc. (OTC: USMM) prides itself as “eco-friendly,” and this company model is evident in the gold and platinum recovery process they have developed and are implementing in their new pilot plant. The company's new pilot plant and their future full-scale production plant are being designed to be much more environmentally friendly than gold processing plants that have traditionally used highly toxic forms of Cyanide to leach the gold from the ore. USMM has developed and tested a process that uses Sodium Bromide in place of Sodium Cyanide resulting in much more “eco-friendly” waste byproducts in their recovery process.

For years, mining and ore processing companies have been recovering gold and other precious metals using a Sodium Cyanide leaching process. The vast majority of gold mining companies have used this environmentally damaging process. Milling and heap leaching require cycling of millions of liters of alkaline water containing high concentrations of potentially toxic NaCN, free cyanide, and metal cyanide complexes that are frequently accessible and hazardous to wildlife. Some countries such as Argentina are starting to outlaw the use of Cyanide in gold and precious metal processing and the environmental impact is being investigated by other countries and environmental agencies as well.

The leach process that USMM is using utilizes Sodium Bromide (NaBR). Sodium Bromide and other waste byproducts in USMM's recovery process present a very low environmental hazard, and USMM's research has proven Sodium Bromide to be an effective and efficient catalyst in their metal leaching process.

U.S. Mine Makers CEO Ronald Bell stated, “Since our company's inception we have been committed to the use of environmentally friendly business practices and processes. For years we have been involved in the remediation and restoration of toxic mine sites, and now we are extending our 'eco-friendly' and 'Green' philosophy to our gold and platinum metals recovery process. We are committed to creating value for our shareholder in everything we do, but we also want to create that value in a sustainable and 'eco-friendly' way.”

STOCKS TO WATCH

QUALITY DISTRIBUTION INCORPORATED (NASDAQ: QLTY)
"Up 42.33% in morning trading"

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

Quality Distribution, Inc., through its subsidiary, Quality Distribution, LLC, engages primarily in truckload transportation of bulk chemicals in North America. It provides bulk transportation of a range of liquid and dry chemical products, as well as offers tank wash facilities, ISO depot services, leasing, transloading services, logistics, and other value-added services. The company's bulk service network consists of company-operated terminals, independently owned third-party affiliate terminals, and independent owner-operator drivers. As of December 31, 2007, Quality Distribution managed a fleet of approximately 3,900 tractors and 7,500 tank trailers. It also operated a network of 121 trucking terminals, 38 tank wash facilities, and 10 ISO depot services terminals, as of the above date. The company was founded in 1984. It was formerly known as MTL, Inc. and changed its name to Quality Distribution, Inc. in 1999. Quality Distribution is headquartered in Tampa, Florida.

QLTY News:

August 7 - Quality Distribution, Inc. Announces Second Quarter Results

Quality Distribution, Inc. (Nasdaq: QLTY) (the “Company” or “QDI”) reported the results for its second quarter and six months ended June 30, 2008. Total revenue for the quarter increased $29.2 million, or 15%, over the second quarter of 2007 from $194.7 million to $224.0 million. Of this increase, $21.8 million was generated from the Company's subsidiary, Boasso America Corporation (“Boasso”) which was acquired effective December 18, 2007. Revenue, excluding fuel surcharge and the revenue from Boasso, decreased by $10.8 million, or 6.3% driven by softer volumes in the housing and auto markets, as well as general economic conditions.

Total revenue increased $59.7 million, or 16% from $372.8 million for the six months ended June 30, 2007 to $432.5 million for the six months ended June 30, 2008. Of the increase, $41.6 million was generated from Boasso. Excluding fuel surcharge and Boasso, revenue decreased by $11.4 million, or 3.5% due to the factors discussed above.

The Company recorded net income for the second quarter of 2008 of $0.4 million, or $0.02 per diluted share, as compared with net income for the same period last year of $2.3 million, or $0.12 per diluted share. The second quarter results include a pre-tax restructuring charge of $2.4 million, primarily related to the elimination of approximately 75 positions. As a result, the annual reduction in payroll related costs is expected to exceed $5.0 million. The second quarter results also contain a pre-tax gain on the sale of real property of $1.1 million. Applying a normalized tax rate of 39%, and excluding the restructuring charge and the property gain, would have resulted in net income of $1.3 million, or $0.07 per diluted share for the second quarter of 2008, as compared with net income of $2.7 million, or $0.14 per diluted share for the same prior year period.

For the six months ended June 30, 2008, the Company recorded a net loss of $1.6 million, or ($0.08) per diluted share, as compared with net income of $2.1 million or $0.11 per diluted share for the 2007 six-month period.

Gary Enzor, President and Chief Executive Officer, commented, “The personnel reductions we took in the second quarter were difficult, but necessary in light of these challenging economic times. I am pleased to report that we are making tangible progress on profitability initiatives designed to improve our top line, our profit margins and cash flow. Our insurance expense is trending favorably due to the success of our proactive safety initiatives and our borrowing availability was $46.0 million at June 30, 2008.”

The Company will host a conference call for investors to discuss these results on August 8, 2008 at 11:00 a.m. Eastern Time. The toll free dial in number is 888-713-4485; the toll number is 913-312-0695; the passcode is 1127924. A replay of the call will be available until September 8, 2008, by dialing 888-203-1112; passcode; 1127924. Copies of this earnings release and other financial information about the Company may be accessed in the Investor Relations section of the Company's website at www.qualitydistribution.com.

MIVA INCORPORATED (NASDAQ: MIVA)
"Up 32.05% in morning trading"

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

MIVA, Inc., along with its subsidiaries, operates as an online media and advertising network company primarily in North America and Europe. It operates in two divisions, MIVA Direct and MIVA Media. The MIVA Direct division operates a portfolio of consumer destination Web sites, as well as various consumer-oriented interactive products, including toolbars, home pages, and downloadable desktop wallpapers and screensavers. Its ALOT toolbars products offer consumers direct links to various relevant affinity content, and provide search functionality, utilizing search results and ad listings primarily from a third-party provider. Its portfolio of consumer destination Web sites includes vertical content sites and entertainment-oriented sites. The MIVA Media division is an auction based pay-per-click advertising and publishing network. It connects buyers and sellers online by displaying relevant and timely text ads in response to consumer search or browsing activity on select Internet properties. MIVA Media publisher network includes various third party and MIVA owned properties, including, portals, vertical and category specific content Web sites, commerce Web sites, community Web sites, search engines, directories, toolbars, and desktop marketing applications. The company was founded in 1995 as Collectibles America, Inc. It changed its name to BeFirst.com in June 1999, to FindWhat.com in September 1999, and to MIVA, Inc. in 2005. MIVA, Inc. is headquartered in Fort Myers, Florida.

MIVA News:

August 8 - Blinkx Proposes Acquisition of MIVA

Blinkx, the world's largest video search engine, confirms that it has delivered a letter to the Board of Directors and CEO of MIVA Inc. (Nasdaq: MIVA), offering to acquire the company for $1.20 per share. Existing cash resources of the two companies would be used to fund the transaction.

ISTA PHARMACEUTICALS INCORPORATED (NASDAQ: ISTA)
"Up 50.32% in morning trading"

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

ISTA Pharmaceuticals, Inc., an ophthalmic pharmaceutical company, engages in the discovery, development, and marketing of therapies for inflammation, ocular pain, glaucoma, allergy, dry eye, vitreous hemorrhage, and diabetic retinopathy in the United States. It offers Xibrom for the treatment of inflammation and pain following cataract surgery; Istalol for the treatment of glaucoma; and Vitrase for use as a spreading agent. The company's products include T-Pred for the treatment of steroid-responsive inflammatory ocular conditions where risk of bacterial infection exists; Bepotastine ophthalmic solution, a second Phase III clinical trial product for allergic conjunctivitis; Bepotastine nasal for the treatment of allergic rhinitis; Ecabet Sodium, a Phase IIb clinical trial product for the treatment of dry eye syndrome; and Strong Steroid for the treatment of ocular inflammation and allergy. Its products also include a Xibrom/steroid combination product to treat inflammation; iganidipine to enhance ocular nerve blood flow; and a new formulation of latanoprost for the treatment of glaucoma. ISTA Pharmaceuticals sells its products primarily to drug wholesalers, retailers, and distributors, including chain drug stores, hospitals, clinics, government agencies, and managed healthcare providers. The company was founded in 1992 as Advanced Corneal Systems, Inc. and changed its name to ISTA Pharmaceuticals, Inc. in 2000. ISTA Pharmaceuticals is headquartered in Irvine, California.

ISTA News:

August 7 - ISTA Pharmaceuticals Reports Second Quarter 2008 Financial Results

ISTA Pharmaceuticals, Inc. (Nasdaq: ISTA) reported financial results for the three months ended June 30, 2008. ISTA reported net revenue of $17.8 million for the quarter ended June 30, 2008, a 31% increase over the same quarter of 2007. The net loss for the second quarter ended June 30, 2008, was $8.5 million (or $0.26 per share), as compared with a net loss of $8.7 million (or $0.32 per share) for the same period in 2007.

"Xibrom sales continued to grow strongly during the second quarter. As our commercial business grows, ISTA's presence in the ophthalmic community is further enhanced and physicians are excited about the products we plan to bring to them in the coming years," stated Vicente Anido, Jr., Ph.D., President and Chief Executive Officer of ISTA Pharmaceuticals. "With regard to our R&D pipeline, we have made solid progress over the past few months and have a number of upcoming catalysts. We expect to file the Bepreve NDA in the second half of this year, as we've successfully completed the human ocular safety studies. We also recently completed enrollment of two Phase III studies which will support an early 2009 sNDA filing for Xibrom 0.09% as a once-daily treatment for pain and inflammation associated with cataract surgery. In addition, we are working towards completing the additional T- Pred work required by the FDA for the testing of tobramycin and the pK study on the prednisolone component of the formulation. We expect to complete these additional T-Pred studies late this year or early 2009. Finally, we expect to announce in the second half of 2008 top-line data results from our additional ecabet sodium Phase II study that we initiated earlier this year."

GUARDIAN TECHNOLOGIES INTERNATIONAL (OTCBB: GDTI)
"Up 16.67% in morning trading"

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

Guardian Technologies International, Inc. engages in the design and development of imaging informatics solutions for the aviation, homeland security, and healthcare markets primarily in the Americas and the United Kingdom. It utilizes imaging technologies and analytics to create integrated information management technology products and services that address problems for corporations and governmental agencies. The company's intelligent imaging informatics (3i) technology engine enables extraction of embedded knowledge from digital images, as well as analyzes and detects image anomalies. Its products include PinPoint, a 3i technology for the detection of guns, explosives, and other threat items at airport baggage areas; and FlowPoint, which consists of Web-enabled radiology information system, and picture archiving and communication system that manage radiology workflow, patient information, treatment history, and billing information. FlowPoint also manages digital images through image viewers, compression technologies, storage, image archiving, image retrieval, and transfer. The company markets and sells its PinPoint products through its internal sales force, agents, distributors, and consultants; and FlowPoint products through licensing arrangements with other software or hardware providers. Guardian Technologies has a strategic alliance and joint development agreement with Control Screening, LLC to facilitate and promote the delivery of fully integrated, automated threat detection hardware and software solutions for the homeland security markets. The company was founded in 1989 and is headquartered in Herndon, Virginia.

GDTI News:

August 7 - Guardian Technologies International Enters $2.5 Billion Worldwide Tuberculosis Pathology Market

Collaborative Relationship With The Aurum Institute To Deliver First Generation Automated Sputum Analysis Technology In 2008

Guardian Technologies International, Inc. (OTCBB: GDTI), announced further developments in its Agreements with the Aurum Institute for Health Research in South Africa. Based on the broadly reviewed results of Guardian’s product prototype for sputum analysis, using Signature Mapping™ capabilities for the automated detection and quantification of Tuberculosis, Guardian has expanded its relationship with Aurum to include collaboration on product development and commercialization, as well as marketing and distribution rights in South Africa. It is anticipated that Aurum’s distribution rights will extend to additional automated pathology products developed as a result of this collaboration, as well as additional international markets. Aurum will be responsible for the marketing, sales, installation, training and ongoing customer support within its geographical markets.

Both companies agreed to collaborate in the further development of a full product suite for pathology, as well as fully automated imaging analysis systems for the early identification and quantification of tuberculosis, silicosis and other infectious and non-infectious diseases.

Using Signature Mapping™ technology integrated into a digital pathology workflow system will significantly improve diagnostic detection accuracy, reduce diagnostic processing time and lower the cost to analyze tens of millions of sputum microscopy specimens around the world for Tuberculosis. The strategic objectives outlined in the Agreement are inline with the guidelines and objectives of the World Heath Organization (WHO): (1) to promote and improve the performance of testing procedures, (2) to make testing procedures easier to complete and less expensive to operate, and (3) to bring diagnosis closer to the point of primary care1.

“Improved diagnostics supports early detection, which translates into early commencement of treatment, one of the most powerful weapons against diseases such as TB,” says Dr. Dave Clark, Aurum’s Executive Director. “We believe that Signature Mapping™ will play a key role in the automation of early-stage diagnostics in several clinical and pathology settings. Our goal is to further develop and distribute Signature Mapping™, in tandem with Guardian, to help reduce labor costs, provide faster diagnoses and redirect scarce professional skill application in developing countries.”

WHO has declared tuberculosis a global health emergency and estimates that over 83 million sputum microscopy tests are performed annually at a cost to the worldwide health system of approximately $2.5 billion2. Of that total cost, 80% of the disease occurs in 22 high-burden countries, including India, China, Indonesia, Nigeria, Pakistan, South Africa, and the Russian Federation. Microscopic sputum analysis is a labor-intensive and tedious process requiring trained technologists to analyze hundreds of glass slide samples per day, in a manual process that is prone to fatigue and human error. Even with these challenges, WHO guidelines clearly state that sputum microscopy is still the preferred field method for diagnosis of TB. With only 40% of TB accurately detected by microscopy, sensitivity improvements are needed to update the methodology while reducing the current analysis costs. Signature Mapping™ technology holds the potential to significantly improve the accuracy of diagnosis while lowering the cost and time to diagnose, all of which is critical to the treatment and management of TB.

Bill Donovan, President and Chief Operating Officer of Guardian Technologies International states, “We believe this collaboration is simply a perfect blending of technology and clinical science to save lives by advancing new technology products to the market. We have developed, beyond a doubt, a groundbreaking technology that we project could generate in excess of $200 million in revenues during the first thirty-six months of product introduction. It is our expectation that the product will be introduced in South Africa during the fourth quarter of 2008. The intangible benefit to this endeavor is that we get the opportunity to save lives and benefit all of mankind.”

“TB is an entirely treatable and curable disease, yet every four seconds someone becomes infected with TB and every ten seconds someone dies from TB. The world needs a better technology to quickly, accurately and cost effectively detect TB,” states Dr. Clark. “The moment we reviewed the results of Guardian’s Signature Mapping™ applied to a set of case studies we had provided, I knew we had found a basis for a new and better way of detection of TB - I am very encouraged by our initial results. Our success in this program will potentially revolutionize the diagnosis of TB leading to real time treatment in remote areas, where it could be weeks before test results would be determined by conventional methods.”

ABOUT AURUM INSTITUTE

The Aurum Institute for Health Research is an independent medical scientific organization for the treatment of and research into epidemic and other diseases in developing countries. The negative impact of the poor understanding and management of these epidemics is vast, affecting individuals, communities and economies. The recognition of the huge advantages of controlling these diseases is Aurum’s motivation.

Aurum has an international reputation for its work in the fields of tuberculosis, HIV/AIDS and is the recipient of research, awards and other grants from South African and international agencies and institutions.

ROAD WINGS INCORPORATED (OTC: RDWG)
"Up 14.27% in morning trading"

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

Road Wings, Inc. offers telecommunication services and is based in Henderson, Nevada.

RDWG News:

August 8 - Road Wings' Partner OneFi Going to Las Vegas

Road Wings Inc. (OTC: RDWG) President Travis Grimmett stated, "OneFi technology is coming to Las Vegas in the coming days." He went on to say, "I will personally be in attendance for the installation at our office building, as it will serve as a demonstration site for the various accounts and casinos that have indicated an interest in the OneFi WiMax technology." According to Grimmett, "Several large casinos have expressed a keen interest for their properties upgrading to the one fi advanced technology for their guests."

The standard network allows for 802.11b-g, but the OneFi Technology network design incorporates WiMax 801.16e signal which will go as far as twenty miles. Also, OneFi Technology uses 802.11b-g and n to allow last mile user access. OneFi will also be installing its IPTV in beta format in Jamaica with users on a new technical platform. Many residences in Jamaica only have had access to traditional landline access because of pricing or lack of accessibility in the Island Nation.

EDDIE BAUER HOLDINGS (NASDAQ: EBHI)
"Up 22.35% in morning trading"

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

Eddie Bauer Holdings, Inc., through its subsidiaries, operates as a specialty retailer that sells mens' and womens' outerwear, apparel, and accessories for outdoor lifestyle in the United States and Canada. Its apparel lines consist of clothing for women and men, including outerwear, pants, jeans, dresses, skirts, sweaters, shirts, sleepwear, underwear, swimwear, gadgets, and gift items. The company also offers accessories, such as scarves, belts, hats, jewelry, daypacks, bags, and footwear. In addition, it provides products for the home, including comforters, pillows, and throws. The company's customers comprise men and women primarily in the age group of 30 years to 54 years. Further, it licenses its brand name and logo to other companies. Eddie Bauer Holdings distributes its apparel and accessories through retail channel, which consists of a network of retail and outlet stores, as well as through direct channel, which consists of Eddie Bauer catalogs and Web sites located at eddiebauer.com and eddiebaueroutlet.com. As of December 29, 2007, the company operated 391 stores comprising 271 retail stores and 120 outlet stores. It has joint ventures with Otto-Sumisho, Inc. and Heinrich Heine GmbH and Sport-Scheck GmbH. Eddie Bauer Holdings was founded in 1920 and is headquartered in Bellevue, Washington.

EBHI News:

August 7 - Eddie Bauer Reports Markedly Improved Second Quarter Results

Comp Store Sales Increase 8.6%; EBITDA Up by $12 Million to $9.2 Million

Eddie Bauer Holdings, Inc. (Nasdaq: EBHI) reported improved financial performance for the second quarter and the first half of 2008, driven by higher comparable store sales, better gross margins, and lower SG&A expense. As a result, earnings before interest expense, income taxes, and depreciation and amortization (EBITDA) increased by $12.0 million to $9.2 million for the second quarter of 2008, while year-to-date EBITDA loss was narrowed to a $5.9 million loss from $28.6 million in the year-ago period.

Second Quarter Results

Total comparable store sales (retail and outlet stores combined) for the second quarter of 2008 rose 8.6% on top of a 0.9% gain in last year's second quarter. Comparable retail store sales increased by 11.2%, on top of a 4.6% gain in last year's second quarter, while comparable outlet store sales increased by 4.3% compared to a 4.5% decrease in the prior year quarter. Comparable store sales include net sales from retail and outlet stores that have been open for one complete fiscal year. Sales from the Company's direct channel, which includes its catalogs and website, decreased 2.1% in the second quarter of 2008 compared to a 6.4% increase during the prior year second quarter on substantially reduced circulation.

Total revenues increased by $6.0 million to $233.0 million as compared to $227.0 million in the second quarter of 2007. Total revenues included:

* Net merchandise sales of $220.9 million, an increase of 3.8%, as compared to $212.9 million in the second quarter of 2007;

* Shipping revenues of $8.5 million, a 4.2% decrease, as compared to $8.9 million in the second quarter of 2007;

* Licensing royalty revenues of $2.7 million, a decrease of $0.8 million, as compared to $3.5 million in the second quarter of 2007, primarily due to decreases in royalties for sales of home furnishings and sport utility vehicles; and

* Royalty revenues from foreign joint ventures of $0.8 million, a $0.7 million decrease, as compared to $1.5 million in the second quarter of 2007, which reflected reduced revenues from a new license agreement with the acquiror of the Company's interests in a joint venture in Germany.

Net merchandise sales for the second quarter of 2008 included $160.7 million of net sales from the Company's retail and outlet stores, an increase of 6.2% from the prior year quarter's net sales of $151.4 million. Net merchandise sales from the Company's direct channel were $60.2 million, which represented a 2.1% decrease from the second quarter of 2007 and reflected lower net merchandise sales from its catalogs, driven by a planned reduction in catalog circulation.

Gross margin for the second quarter of 2008 totaled $83.6 million, representing an increase of $8.3 million from $75.3 million for the second quarter of 2007. Gross margin percentage for the second quarter of 2008 increased to 37.9%, compared to 35.4% for the year-ago period, due primarily to higher merchandise margins, lower long-term net customer loyalty program costs as a percentage of net merchandise sales and decreases in occupancy costs due to fully amortized fresh-start adjustments for leasehold improvements.

For the second quarter of 2008, the Company's operating income improved by $10.3 million to $0.2 million as compared to an operating loss of $10.1 million for the second quarter of 2007. The improvement in operating income was primarily driven by higher gross margin dollars and a $4.0 million decrease in selling, general and administrative (SG&A) expenses as compared to the prior year quarter. The decrease in SG&A expenses during the second quarter resulted from reduced outsourced professional services, decreased marketing, advertising and promotion costs, primarily through planned reductions in less productive catalog circulations, and a decline in depreciation expenses due to fully amortized fresh-start adjustments, which were partially offset by lower expenses capitalized into inventory and higher incentive plan accruals.

"Overall, this was a good quarter for Eddie Bauer, particularly in light of the tough economic and retail climate. I am pleased with the progress we are making in our five point turnaround program and that tangible results are starting to show," said Neil Fiske, Chief Executive Officer. "Sales and profits were up, inventory and SG&A down. Still, we reiterate that this is a multi-year turnaround effort and that the external environment for the remainder of 2008 requires caution."

Net loss for the second quarter of 2008 of $0.1 million, or approximately breakeven on a per share basis, compares to a net loss of $22.2 million, or $0.73 per diluted share, in the second quarter of 2007. The improvement in the second quarter net loss was driven by the $10.3 million increase in operating income; a decline in the Company's non-cash expense associated with the fair value adjustment related to its convertible note derivative liability of $1.4 million in the current year quarter as compared to $6.1 million in the prior year quarter; and a $6.5 million higher income tax benefit. The higher income tax benefit recognized during the second quarter of 2008 reflected a higher effective tax rate versus the prior year quarter, driven primarily by a reduction in 2007 taxable income associated with the Company's Canadian subsidiaries. During the second quarter of 2008, the Company completed a transfer pricing study as part of the preparation of its 2007 Canadian tax return. As a result the Company recognized a $2.9 million reduction in Canadian tax expense and an additional $2.1 million in U.S. deferred tax benefit for future foreign earnings to be repatriated to the U.S. due to the lower Canadian taxable income. (For a more complete description, see the Company's Report on Form 10-Q dated August 7, 2008 - "Management's Discussion and Analysis - Income Tax Benefit".)

EBITDA for the second quarter of 2008 of $9.2 million compares to an EBITDA loss of $2.8 million for the year-ago second quarter. EBITDA is a non-GAAP financial measure that management believes is an important metric because it is a key factor in how the Company measures operating performance. See Reconciliation of Non-GAAP Financial Measures attached to this press release for a reconciliation of EBITDA to its most comparable GAAP measure -- "loss before income tax benefit." When excluding certain non-recurring and non-operational items (debt extinguishment loss, joint venture termination costs and convertible notes' embedded derivative liability fair value changes), EBITDA was $11.2 million in the second quarter of 2008 compared to $6.6 million in the prior year quarter.

"Inventories for the quarter were down substantially as compared to the second quarter of 2007: 14.8% on a per store basis for retail; 23.7% on a per store basis for outlets; and 13.5% overall for the direct channel. About one-half of the reduction is due to timing of fall receipts this year, which is better matched to customer buying. Still, even adjusting for timing differences and store base, our inventory is down 10% on a per store basis," said Mr. Fiske.

Year-To-Date Results

Total comparable store sales (retail and outlet stores combined) rose 4.9% for the first half of 2008, on top of a 4.7% increase in the first half of 2007. Comparable retail store sales increased by 7.5%, on top of a 9.6% gain in the first half of 2007, while comparable outlet store sales rose 0.9% compared to a 2.4% decrease in the same period last year. Sales from the Company's direct channel decreased 0.9% in the first half of 2008 as compared to an 11.2% increase during the prior year comparable period.

Total revenues increased by 1.2% to $446.3 million, compared to $441.0 million in the first half of 2007. Total revenues for the first half of 2008 included:

* Net merchandise sales of $419.2 million, an increase of 1.5% over $412.9 million in the first half of 2007;

* Shipping revenues of $17.6 million, which were flat compared with the first half of 2007;

* Licensing royalty revenues of $6.8 million, a decrease of $0.2 million from $7.0 million in the first half of 2007; and

* Royalty revenues from foreign joint ventures of $2.4 million, a decrease of $0.6 million from the first half of 2007.

Net merchandise sales for the first half of 2008 included $295.2 million of net sales from the Company's retail and outlet stores, an increase of 2.6%, and $124.0 million of net sales from its direct channel, a decrease of 0.9% from the comparable period in 2007. This compares to $287.8 million of net sales from the Company's retail and outlet stores and $125.1 million of sales from its direct channel in the same period last year.

Gross margin for the first half of 2008 was $138.4 million, representing an increase of $4.5 million as compared to the same period last year. Gross margin percentage for the first half of 2008 rose to 33.0%, compared to a gross margin percentage of 32.4% for the same period in 2007. The gross margin percentage increase versus the prior year was due primarily to decreases in occupancy costs due to fully amortized fresh-start adjustments for leasehold improvements and lower net customer loyalty program costs as a percentage of net merchandise sales, which were partially offset by a decline in the Company's merchandise margins from increased markdowns taken during the first quarter of 2008 to liquidate prior year holiday product.

Operating loss declined to $25.2 million during the first half of 2008, from $49.4 million for the prior year comparable period, driven by the increase in gross margin dollars and a $20.7 million reduction in SG&A expenses. SG&A expense during the first half of 2008 included non-recurring expenses of $2.5 million of severance from the Company's workforce reduction initiative recorded during the first quarter and a $0.6 million write-off during the second quarter resulting from the Company's transfer of its interest in a joint venture in Germany. In the first half of 2007, SG&A expense included $16.4 million of non-recurring expenses associated with the Company's terminated merger, resignation of the Company's former CEO and an estimated settlement of litigation recorded during the first half of 2007.

The Company's net loss for the first half of 2008 was $19.4 million, or a loss of $0.63 per diluted share, compared to a net loss of $67.0 million, or a loss of $2.20 per diluted share in 2007. Results for the first half of 2008 include non-operational income of $2.5 million related to the non-cash fair value adjustment on the Company's convertible notes' embedded derivative liability as compared to $6.1 million expense for the first half of 2007. Included in the net loss for the first half of 2007 were several non-recurring expenses totaling $19.7 million, including a loss on extinguishment of debt of $3.3 million recorded during the second quarter and the aforementioned $16.4 million of SG&A expense. Income tax benefit for the first half of 2008 was $18.8 million compared to $1.7 million in the comparable period of 2007.

EBITDA loss for the first half of 2008 improved by $22.7 million to a $5.9 million loss, compared to a $28.6 million loss in the comparable period of 2007. EBITDA for the first half of 2008 included $3.2 million in non-cash, stock-based compensation expense, as compared to $6.1 million in the same period of 2007, which included $3.2 million of accelerated stock-based compensation expense related to the resignation of the Company's former CEO. When excluding the above-mentioned non-recurring and non-operational items, the EBITDA loss decreased to $1.3 million for the first half of 2008 as compared to $2.8 million in the comparable period of 2007.

As of June 28, 2008, the Company operated 371 stores, consisting of 252 retail stores and 119 outlet stores. During the second quarter, the Company opened five retail stores and one outlet store.