OTCPicks.com

FEATURED COMPANY

PHANTOM FIBER CORPORATION (OTCBB: PHFB)
"Up 71.43% in morning trading"

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

Company Profile: http://www.otcpicks.com/phantom-fiber.htm

Phantom Fiber Corporation is a leading developer of wireless platform software that enables its customers to deliver high-performance applications across global communications networks to mobile users. The company's wireless platform extends the rich multimedia content and user experience of existing Internet web sites securely and instantly to over 1,500 mobile devices including cellular phones and PDAs. This platform is already deployed to most segments of the global gaming industry and can be used by enterprises seeking to implement high performance mobile applications in such markets as: remote video surveillance; banking and brokerage applications; as well as the logistics and distribution markets. Visit www.phantomfiber.com for more information about Phantom Fiber.

PHFB News:

October 30 - Mahjong Time Signs a Multi-Year Contract With Phantom Fiber Corporation to Create a Mobile Extension to Their Leading Online Mahjong Gaming Platform

Mahjong Time, the leading software provider for the online mahjong gaming community, announced a multi-year contract with Phantom Fiber Corporation (OTCBB: PHFB), a leading wireless transaction enablement company specializing in the gaming and entertainment sector. Under the terms of the deal, Phantom Fiber will receive an integration fee and will then share in the ongoing revenue generated from the mobile subscribers.

The integration will allow Mahjong Time to continue delivering the functionality, graphics and speed that users have come to expect from their industry leading software platform and internet offering to over 1,000 handset types. In addition to this, the mobile extension will also offer features that have established Mahjongtime.com as the number one online Mahjong community; these features include multiple game types, multiple languages, practice play, and tournament play. The mobile product will operate on hundreds of device types including Java phones, Apple iPhone, Blackberry, Palm, Microsoft Pocket/PC and Smartphone based handheld devices from anywhere in the world.

"We are quickly being recognized as the dominant mahjong provider in the online arena and we have a strong brand in the Asian market, but I think we all realize that the Asian market is a very mobile and technical savvy geographic area," said William Sutjiadi, CEO of Mahjong Time. "We knew it was a matter of time before we would have to provide a mobile solution. Choosing Phantom Fiber was easy. Their ability to provide the only mobile solution that works globally, their unprecedented support for handsets, and most of all their experience in mobile multi-user environments will ensure the success of this project."

Jeff Halloran, Chairman & CEO of Phantom Fiber, stated, "This agreement has a number of benefits for Phantom Fiber. We recognize the magnitude of the Asian market and their passion for Mahjong. Extending the premier Mahjong platform to a mobile environment will extend Phantom Fiber's reach into those markets. Our multi-user experience from the gaming space and our ability to support multiple languages also blends nicely with our technology. We have been talking with Mahjong Time for some time and have watched them grow in popularity and have some great successes. We are glad the time is right to work with Mahjong Time and share in those successes."

The solution will provide the game content in a number of formats. The player can play against the computer or fully interact with the online community. By using the same login credentials as the internet, a player can search for friends who may be playing online via the internet and join the same games and contests as any other internet player, only from their mobile device.

ABOUT MAHJONG TIME

Founded in 2004, Mahjong Time is a San Diego-based company that is the premier provider of mahjong software and complete turnkey solutions. The Mahjong Time in-browser platform is available in seven languages and provides multiple mahjong rules sets that appeal to the needs of discerning players worldwide. Offered features include advanced subscription and tournament play, and Web 2.0 capabilities that allow players greater connectivity including the ability to establish multiple "friend" networks and to create private game rooms.

Mahjong Time is the exclusive online tournament partner of the annual World Series of Mahjong. The company is also involved in a strategic partnership with Cryptologic, the leading public developer and supplier of Internet gaming software. For more information, visit www.mahjongtime.com.

FEATURED COMPANY

GREEN STAR PRODUCTS INCORPORATED (OTC: GSPI)

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

Company Profile: http://www.otcpicks.com/green-star-products.htm

Green Star Products, Inc., through its subsidiaries, engages in the production and sale of renewable clean-burning bio-diesel and other products, including lubricants, additives, and devices that are used in vehicles, machinery, and power plants. It offers SuperBAT total vehicle treatment, an anti-friction metal treatment used in various internal combustion engines, transmissions, power steering, and wheel bearings. The company also offers a lubricant formula of biodegradable cutting oil for machine shops, as well as water soluble AFT cutting oil for CNC machines. In addition, it engages in the development of fuel economy, power improvement, and emission reduction technologies for internal combustion engines and hybrid electric drive systems. Further, the company produces super-ethanol. It markets and sells its products in the United States and internationally. The company, formerly known as B.A.T. International, Inc., is based in Chula Vista, California.

GSPI News:

October 30 - Green Star States: Energy from Algae is Being Recognized as a Major Solution (Part Two)

Green Star Products, Inc. (OTC: GSPI) announced that it is releasing part two of a report covering the assessment of the 2nd Algae Biomass Summit hosted by Byrne & Company and Wilson Sonsini, Goodrich & Rosati.

Part one of this report was published on October 27, 2008 (see 10/27/2008 GSPI press release titled “Green Star States: Energy From Algae Is Being Recognized As A Major Solution” at www.greenstarusa.com/news/08-10-27.html).

Joseph LaStella, President of Green Star Products, attended the conference and reported, “Prominent speakers from all over the world displayed their research and the potential of algae to permanently solve the oil crisis, food crisis, and to control the buildup of global warming gases. The algae biological makeup was also investigated for the possibility to produce chemicals and new products limited only by our ingenuity to create them.

“One of the conference highlights was the presentation given by Congressman Jay Inslee (D-WA) from the state of Washington. Representative Inslee, being a member of the Energy and Commerce Committee and the Select Committee for Energy Independence and Global Warming, has been a long term supporter of national sustainability and energy independence.

“Congressman Inslee started his speech by giving an account of what his father had told him as a young boy in 1959. Holding up a flask of algae, his father (a biologist) told him, 'Someday this will cure the world's energy needs.'

“Congressman Inslee went on to say that the United States needs an energy, environmental and job creation program similar in national commitment to the Apollo Space Program launched by President John F. Kennedy. He also stated that President Kennedy knew that the U.S.A. could beat the Russians to the moon if the United States ingenuity engine was unleashed. A similar program sponsored by Congressman Inslee is called 'The New Apollo Energy Act' which challenges us on energy independence, global warming and creating jobs.

“Congressman Inslee outlined a four point program, to address the triple threat to the U.S.: imported oil, global warming and job losses (www.house.gov/inslee). Representative Inslee asked all 600 participants of the algae summit to go to Washington, D.C., and help him on Capitol Hill.

“Congressman Inslee reminded us that our fathers fought in World War II and left a legacy for Democracy. Those born after World War II, the 'baby boomers,' must now leave a legacy of Clean Energy. Industries cannot keep dumping their garbage into the atmosphere like it's a free sewer, and it is obvious that the U.S. addiction to foreign oil now has critical economic and national security implications.”

Mr. LaStella also states, “There was a clear consensus of opinion from all the industries, including airline, energy and chemical industries, that algae biomass is the answer to this dilemma. Presently, there is no clear pathway to the reduction of cost to produce commercial algae biomass.

“In summary, the summit speakers identified the most important items challenging the commercial production of algae biomass were the reduction of costs associated with capital construction and operation.

“Green Star's Hybrid Algae Production System (HAPS), one of the largest demonstration facilities, was operated for a continuous nine month period that created a foundation for addressing these cost issues. The HAPS system is protected by 23 individual patent pending components involving construction and operating techniques which will make it very cost competitive. None of these 23 high tech components were incorporated in any presentation at this summit by other companies.

“Therefore, it is my opinion that Green Star is ahead of the technology curve associated with the production of commercial scale algae biomass. Green Star is planning an exciting year for 2009 in developing two 500-acre commercial algae production facilities.”

As an additional comment, our last press release (part one) contained some minor inaccurate information. The Algae Biomass Summit was hosted by Byrne & Company and Wilson Sonsini, Goodrich & Rosati, and we would also like to give credit to John Williams of Scoville PR and the Algal Biomass Organization (ABO) (algalbiomass.org) because we used several phrases from their press release to describe the attendance spectrum at the conference. We did reference their document in the previous press release; however, we would like to acknowledge again the efforts of Vinod Khosla in supporting this great industry.

FEATURED COMPANY

GREENCHEK TECHNOLOGY INCORPORATED (OTCBB: GCHK)
"Up 25.45% in morning trading"

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

Company Profile:
http://www.otcpicks.com/greenchek-technology/greenchek-technology.htm

GreenChek Technology, Inc. manufactures and distributes hydrogen injection technology devices that primarily focus on mobile transportation applications and industrial generative power applications. It also provides mobile greenhouse gas emissions reduction technology. The company's Onboard Hydrogen Generation and Injection technology is used for emissions reduction technology and fuel economy enhancement in trucks, locomotives, and automobile engines. It has operations in the United States, Canada, Asia, and Europe. The company, formerly known as Ridgestone Resources, Inc., was founded in 2006 and is headquartered in San Francisco, California.

GCHK News:

October 14 - GreenChek Announces a More Aggressive Strategic Plan Following 3rd Party Certification Results

GreenChek Technology Inc. (OTCBB: GCHK), a leading globally focused provider of hydrogen based technology for mobile transportation and stationary power generation applications, reported that they are fast-tracking their Strategic Sales Plan as a result of the certification process which confirmed prior results of in-house testing. Management is currently targeting Chinese and Canadian companies for rapid deployment of our products.

GreenChek manufactures an emission reducing device simply known as the ERD 1.0, which can be retrofitted to any vehicle or combustible engine regardless of fuel source. This device reduces vehicle emissions as well as increases fuel economy.

GreenChek’s Chief strategy Officer, Donald Walling who was involved directly in the certification process pointed out that, “The validation of our ERD 1.0 with our successful 3rd Party certification from a world recognized company such as Clean Air Technologies Inc., has reaffirmed the significance of our technology.” Walling further noted, “This has given our senior management team even more confidence for us to more aggressively forge forward with our Strategic Plan as well as in building our strategic alliances and plans for Europe.”

GreenChek’s President and CEO Lincoln Park added, “Initially our plan called for GreenChek to make aggressive inroads into Europe and the United States in Q4 2008 through to Q2 2009. We had originally planned to enter the markets in China and Canada late 2009 and into 2010. However, since our 3rd Party Certification we are now more optimistic and are currently entertaining discussions with various Chinese companies in addition to mapping out our approach to attack and penetrate the Canadian market as well.”

FEATURED COMPANY

ECOLOCAP SOLUTIONS (OTCBB: ECOS)

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

Company Profile: http://www.otcpicks.com/ecolocap-solutions-inc.htm

EcoloCap is a US-listed, international company focused on the commercial development of green energy projects in emerging economies, especially in Asia. Rising energy costs, climate change concerns, and the need to reduce greenhouse gases create an unparalleled opportunity for the development of renewable, sustainable energy sources which will be a significant, long-term opportunity for the 21st century. To maximize shareholder value EcoloCap is focused on projects which qualify for Carbon Emission Reduction credits (CERs) registered under the Clean Development Mechanism (CDM) of the United Nations' Kyoto Protocol. EcoloCap utilizes its know-how, capital, technology, engineering expertise, and on the ground operations management to work with governments and enterprises in emerging economies in order to successfully reduce greenhouse gases for both capture and utilization. By this process EcoloCap acquires UN Certified Carbon Credits (CERs) at favorable costs, which are then sold on the world market at prevailing prices.

ECOS News:

October 28 - EcoloCap Signs New Carbon Credit Projects in China

EcoloCap Solutions, Inc. (OTCBB: ECOS) ("EcoloCap") announced that it has in the past two weeks reached carbon credit purchase agreements with several large Chinese industrial companies which represent a 100% increase in the company's supply of CERs over the next 5 years.

The purchase contracts, called Emissions Reductions Purchase Agreements (ERPA), once accredited by the UN, are projected to produce up to 1 million CERs annually when the projects are running at full capacity. These projects will reduce the production of greenhouse gases while also helping to meet China's increasing needs for energy.

Using conservative pricing projections EcoloCap estimates that the additional CERs will increase its revenues by at least $2.5 to 4 million annually after allowing for brokerage commissions and CER acquisition costs. However, current prices for CERs on the World Market are in the range of 17 to 19 Euros (approx. US$21.50 to 24.00) and if prices continue in this range the estimated revenues would be at least 50% higher.

Dr. Tri Vu Truong, President and CEO of EcoloCap said "the projects for which we are currently processing ERPA contracts are solid evidence that our marketing efforts in China are starting to show results. Projects such as this are highly profitable and will have significant recurring revenues for several years. Our revenue estimates cover only the next 5 years however all but one of these ERPA contracts have terms of up to 17 years so there is substantial additional revenue potential over the life of the contracts."

EcoloCap's objective is to double its total CER reserves over the next six to nine months, with an initial target of accumulating a portfolio of 5 million CERs annually.

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:

October 28 - Copper King Responds to Metal Price Volatility

Pre-production procedures bringing mill on line in late November

Copper King Mining Corporation (OTC: CPRK) announced that it has tracked a number of reductions in its projected operating costs that will correspond to reduced metal prices. The cost reductions will serve to soften the impact of the current lower copper, silver, gold and other metal prices. Notably, reduced fuel and materials costs are expected to be realized in the company’s operations.

The company notes that a number of coincidental factors, such as the upcoming election in the United States and recent fears over the condition of World credit markets, have impacted metal prices.

However, the company believes that actual demand for copper and all other commodities is strong and will increase. Further, the potential for inflation, once credit and election uncertainties are eased, will put significant upward pressure on metal prices. The company therefore believes that, as it moves into the production phase on its Hidden Treasure Mine, metal prices will recover upward toward their recent highs and will perhaps begin to move even higher.

In addition, the company believes that the high-grade ore at its Hidden Treasure Mine (in excess of 2% copper with additional credits for silver, gold, molybdenum and magnetite) will also serve to keep its operating costs among the lowest in the industry on a per pound of copper basis. This will help the company maintain its operations on a competitive basis.

FEATURED COMPANY

PERF GO GREEN HOLDINGS INCORPORATED (OTCBB: PGOG)

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

Company Profile:
http://www.otcpicks.com/perf-go-green/perf-go-green.htm

Perf Go Green Holdings, Inc. is engaged in the creation and global marketing of 100% eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green’s corporate name reflects its “Go Green” mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.

PGOG News:

October 28 - Perf Go Green Adds Leading Supermarket Chain Hy-Vee, Inc. to Distribution Network

Perf Go Green Holdings, Inc. (OTCBB: PGOG) (“Perf Go Green”), a marketer and distributor of biodegradable plastics, announced a distribution agreement with Hy-Vee, Inc. One of the top 30 supermarket chains in the U.S., Hy-Vee operates more than 224 retail stores in the Midwest.

“Our agreement with Hy-Vee is another sign of the overwhelmingly enthusiastic reception retailers are giving our biodegradable plastic bags,” said Perf Go Green Chairman and CEO Tony Tracy. “We're especially excited about this new partnership because Hy-Vee is well-known for its commitment to sustainability and its leadership in bringing health and wellness to mainstream consumers. Perf Go Green's earth-friendly products offer a meaningful way for consumers, companies and their employees to reduce their environmental footprint.”

Perf Go Green will begin shipping its 13-gallon kitchen trash bags and its 30-gallon lawn and leaf bags to Hy-Vee in November 2008.

Founded in 1930, Hy-Vee, Inc. is an employee-owned corporation operating more than 224 retail stores in seven Midwestern states. For 2007 the company recorded total sales of $5.6 billion, ranking it among the top 30 supermarket chains and the top 50 private companies in the U.S.

Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products received an honor for their design quality and innovation. Perf Go Green is proud to be part of the nation's “go green” movement, which is poised to become a $500 billion market by 2009, according to Landor Associates.

Perf Go Green products incorporate recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the film for its bags. Based on environmental claims statements made by the manufacturer of the Oxo-Biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade within two years, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, Perf Go Green effectively removes plastic waste from the environment. In addition, Perf Go Green trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time, similar to a tissue box.

STOCKS TO WATCH

GENELABS TECHNOLOGIES INCORPORATED (NASDAQ: GNLB)
"Up 434.78% in morning trading"

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

Genelabs is a biopharmaceutical company focused on the discovery and development of novel compounds for infectious diseases. In addition to a late-stage drug candidate for hepatitis E partnered with GSK, the company is advancing multiple partnered and proprietary compounds designed to selectively inhibit replication of the hepatitis C virus.

GNLB News:

October 29 - GlaxoSmithKline to Acquire Genelabs Technologies to Increase Focus on Novel Small Molecule Therapies for Hepatitis C

GlaxoSmithKline (NYSE: GSK) (LSE: GSK) and Genelabs Technologies, Inc. (NASDAQ: GNLB) announced that they have entered into a definitive agreement pursuant to which GSK will acquire Genelabs for approximately $57 million (£35 million) through a tender offer of $1.30 per share in cash. This strategic acquisition will strengthen GSK’s effort to develop and deliver novel therapies against the hepatitis C virus (HCV).

Under the terms of the agreement, a subsidiary of GSK will commence a tender offer to acquire all of the outstanding shares of Genelabs common stock. The board of directors of Genelabs has unanimously recommended that shareholders tender their shares in the offer.

“Genelabs has demonstrated a strong track record in HCV drug discovery and identified numerous novel classes of inhibitors that target unprecedented mechanisms in the virus’s life cycle,” stated Zhi Hong, SVP of the Infectious Diseases Centre for Excellence in Drug Discovery (ID CEDD) at GSK. “This arrangement, combined with our other collaborations, will give GSK a broad HCV drug discovery platform addressing novel targets and innovative therapeutic approaches.”

Genelabs will become part of GSK’s Drug Discovery organisation and its HCV programmes will be consolidated into the broad therapeutic approaches already underway internally and through external collaborations. This acquisition continues GSK’s strategy of pursuing the best science, internally or externally, to bring new medicines to patients and value to the GSK pipeline.

Fred Driscoll, President & CEO of Genelabs said, “This transaction provides our shareholders with certain value at a substantial premium to our stock price. Through the efforts of our experienced scientific staff and other employees, we have generated highly differentiated compounds with the potential to address unmet medical needs of people with the HCV infection. GSK’s world-class research and development organisation will allow us to accelerate our strategic vision of providing novel treatments that deliver tremendous value for patients.”

There is a high unmet need for new drugs to treat HCV infection. The current gold standard therapy comprises pegylated-alpha interferon (IFN) plus ribavirin (RBV). The efficacy rate of this combination is relatively low (approximately 50%) and both drugs are associated with significant side effects that often lead to treatment discontinuation. Several new antiviral drugs targeting multiple virus and host targets are currently in development. Rapidly emerging drug resistance suggest that combination therapies with multiple classes of drugs will be required to achieve sustained virological response.

The tender offer is subject to customary conditions and is expected to close in December 2008.

ABOUT THE ID CEDD

The ID CEDD is a global research unit within GSK Drug Discovery dedicated to discovering therapies for infectious diseases. It is designed to integrate and better coordinate the progression of infectious diseases medicines from therapeutic hypothesis to clinical proof of concept. While drawing from the broader resources of GSK's R&D organisation, the ID CEDD bridges the conventional gap between discovery and development, brings scientists and physicians together in an entrepreneurial environment and size of small biotechnology companies. The ID CEDD currently consists of three discovery units for antivirals, antibacterials and medicines against diseases of the developing world. It focuses on building an innovative pipeline through both internal efforts and external alliances with other companies and research institutions. Its Infectious Diseases Centre of Excellence for External Drug Discovery (ID CEEDD) will focus on 'virtualising' a portion of the infectious diseases pipeline by forming multiple risk-sharing/reward-sharing alliances.

CERTIFIED ENVIRONMENTAL GROUP (OTC: CENV)
"Up 50.00% in morning trading"

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

Certified Environmental Group, Inc. provides various environmental services to residential, commercial, and government clients primarily located in the northeastern region of the United States. The company’s environmental services include lead-based paint management services, such as consulting, inspection, detection, sampling, testing, risk assessment, in-plant management, project monitoring, abatement, training, and turn-key operations; air quality services; and environmental site assessments to residential, commercial, and industrial real properties. It also offers asbestos abatement services to its clients or environmental projects. In addition, the company provides investigation, assessment, and remediation for all relevant hazardous substances in air, water, and soil. The company contracts with professional licensed entities to undertake remediation, removal, transportation, and disposal of hazardous materials. The company was organized under the laws of the State of Delaware in November 1992. Certified Environmental Group’s principal executive offices are located in Turnersville, New Jersey.

CENV News:

October 29 - Certified Environmental Group Inc. Signs Multimillion Dollar Agreement

Certified Environmental Group Inc. (OTC: CENV) announced it has signed an agreement with First Nations to provide clean drinking water units to its communities.

There are more than 135 First Nations communities in the east coast that require clean drinking water. Global Life Water purification power plants can successfully purify fast current river water. Funding of the water power stations for the 135 First Nations communities is approximately a $75,000,000 undertaking. The Global Life Water water purification power plants provide 5,000 gallons of clean drinking water every day and up to 2.5 KW of electricity as a compact stand-alone unit.

Eel River Bar NB Chief Everett Martin commented, "The Global Life Water solution is an inexpensive alternative to mega-plants that do the job with strong chemicals and cost a great deal more."

Certified President Lin Armstrong Sharwood states, "The corporate restructuring of Certified Environmental Group Inc. is ongoing and we continue to work with organizations like Pinksheets and the DTC to complete requirements. We are absolutely thrilled to be up and running with our fully owned operating subsidiary Global Life Water. Our alliance with First Nations is a large step forward under the Certified Environmental Group banner; we have many exciting initiatives unfolding and we will continue to update our shareholders."

DAYTON SUPERIOR CORPORATION (NASDAQ: DSUP)
"Up 52.17% in morning trading"

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

Dayton Superior is the leading North American provider of specialized products consumed in non-residential, concrete construction, and is the largest concrete forming and shoring rental company serving the domestic, non-residential construction market. The company's products can be found on construction sites nationwide and are used in non-residential construction projects, including: infrastructure projects, such as highways, bridges, airports, power plants and water management projects; institutional projects, such as schools, stadiums, hospitals and government buildings; and commercial projects, such as retail stores, offices and recreational, distribution and manufacturing facilities.

DSUP News:

October 29 - Dayton Superior Reports Record Third Quarter Operating Earnings

Dayton Superior Corporation (NASDAQ: DSUP), the leading North American provider of specialized products for the non-residential concrete construction market, reported its highest third quarter net income in nine years and record third quarter operating earnings.

The following results for its third quarter ended September 26, 2008, are compared with results for the similar period of 2007:

* Net sales were $136 million, up 4%.
* Gross profit increased 22% to $48 million, reflecting gains in pricing and ongoing cost improvement programs;
* Net income of $6.4 million, or $0.33 per diluted share, improved sixteen-fold from net income of $0.4 million, or $0.02 cents per diluted share.

Sales of Dayton Superior’s concrete construction related products increased 4% to $117 million, stemming from higher selling prices partially offset by lower unit volume. Equipment rental revenues increased 4% to $15 million due to higher rental prices. Revenues from sales of used rental equipment declined slightly, due to the timing of customer demand.

Gross profit on product sales was $38 million, or 32% of product sales, compared with $30 million and 27% in the third quarter of 2007. Rental gross profit was $7 million, or 48% of rental revenue, compared with $6 million, or 40% of rental revenue, in the third quarter of 2007. Third quarter used rental equipment gross profit as a percent of sales of used rental equipment was 72% as compared to 85% in last year's third quarter.

Selling, general, and administrative expenses increased to $28 million or 21% of net sales compared to 2007 levels at $27 million or 20% of net sales, due to inflation and cost increases related to the higher net sales and gross profit.

Eric R. Zimmerman, Dayton Superior’s President and Chief Executive Officer, said, “The operational and organizational improvements made in this difficult market environment are significant. All facets of our organization contributed to our third quarter success. Our marketing and sales disciplines, manufacturing productivity, distribution center controls, and new product sales were all key to our improved financial performance. In light of the non-residential construction challenges in most regions, and the continued tight credit markets, we are pleased with our results through September.”

The following results for the first nine months of 2008 are compared with results for the similar period of 2007:

* Net sales were $372 million, up 1%;
* Gross profit increased 13% to $127 million;
* Net loss of $3 million, or $0.15 per share, including a $6 million charge related to a debt refinancing in the first quarter, versus a net loss of $3 million, or $0.19 per share.

Mr. Zimmerman added, “While currently focusing efforts on addressing our subordinated debt that will mature in early 2009, we continue to actively pursue improvements in customer service, product line and geographical performance, and cost controls.”

The Company has scheduled a conference call at 11:00 a.m. ET, Thursday, October 30, 2008 to discuss the third quarter results. The conference call can be accessed by dialing 1-800-723-6575 or 1-785-830-1997 and entering ID# 8448455 at least 10 minutes before the start of the call to register. A replay of the call will be available from 2:00 p.m. ET on Thursday, October 30, 2008 through 11:59 p.m. ET on Thursday, November 13, 2008 by calling 1-888-203-1112 or 1-719-457-0820 and entering ID#8448455.

SPANSION INCORPORATED (NASDAQ: SPSN)
"Up 36.36% in morning trading"

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

Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in wireless, automotive, networking and consumer electronics applications. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to designing, developing, manufacturing, marketing and selling Flash memory solutions. Spansion®, the Spansion logo, MirrorBit®, MirrorBit® Eclipse™, ORNAND™, ORNAND2™, HD-SIM™, Spansion® EcoRAM™ and combinations thereof, are trademarks of Spansion LLC in the U.S. and other countries. Other names used are for informational purposes only and may be trademarks of their respective owners.

SPSN News:

October 20 - Spansion Honored With 2007 Silver Excellence Award From National Occupational Safety and Health

Spansion (Kuala Lumpur) Sdn. Bhd., a wholly-owned subsidiary of Spansion Inc. (Nasdaq: SPSN), the world's largest pure-play provider of Flash memory solutions, announced that it has been honored with the 2007 Silver Excellence Award from the Malaysian National Council for Occupational Safety and Health (NCOSH). Spansion's Kuala Lumpur (KL) Division has been recognized for excellence in OSH practices in the Large Manufacturing Industry for Electronics category. Spansion KL also won the bronze award in the same category in 2006.

"We are delighted to be acknowledged for our solid OSH Management System," said Ajit Manocha, executive vice president of Worldwide Operations at Spansion. "We are committed to continuously improving our programs to benefit our employees, contractors and visitors, and making OSH an integral part of our work culture. This honor reflects our endless drive for world-class safety, commendable health and environmental performance, and exemplary impact through good corporate citizenship."

The competition is audited by officials from the Malaysian Ministry of Human Resources, Department of Occupational Safety and Health (DOSH), and judged by the National Council for Occupational Safety and Health, Malaysia. The stringent criteria for determining the levels of excellence in OSH include an excellent OSH Management System with an effective OSH committee, an Emergency Action Plan and an immaculate accident statistic record. Spansion KL won the judges over with a 30-minute presentation highlighting its OSH Management System strengths and practices, emphasizing that the System is an important part of Spansion's business model, and that accidents support a System's breakdown.

Over 200 organizations with reputable OSH management systems were nominated. The awards were presented in July during a ceremony by the Deputy Prime Minister of Malaysia.

LANTRONIX INCORPORATED (NASDAQ: LTRX)
"Up 37.14% in morning trading"

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

Lantronix, Inc. is a global leader of secure communication technologies that simplify remote access, management and control of any electronic device. Its solutions empower businesses to make better decisions based on real-time information, and gain a competitive advantage by generating new revenue streams, improving productivity and increasing efficiency and profitability. Easy to integrate and deploy, Lantronix products remotely connect and control electronic equipment via the Internet; provide secure remote access to firewall-protected equipment; and enable remote management of IT equipment over the Internet. Founded in 1989, Lantronix serves some of the largest security, industrial and building automation, medical, transportation, retail/POS, financial, government, consumer electronics/appliances, IT/data center and pro-AV/signage entities in the world. The company's headquarters are located in Irvine, Calif.

LTRX News:

October 29 - Lantronix Reports Results for the First Fiscal Quarter Ended September 30, 2008

Net Revenues Grow by 9 Percent

Lantronix, Inc. (Nasdaq: LTRX), a leading provider of secure, remote device networking and data center management technologies, announced financial results for the first fiscal quarter ended September 30, 2008.

Highlights for the First Fiscal Quarter ended September 30, 2008:

* Net revenues were $14.2 million for the first fiscal quarter of 2009, an increase of 9%, compared to $13.1 million for the first fiscal quarter of 2008;

* Device networking net revenues were $13.5 million for the first fiscal quarter of 2009, an increase of 15%, compared to $11.8 million for the first fiscal quarter of 2008;

* Operating expenses were $7.3 million for the first fiscal quarter of 2009, a decrease of 9%, compared to $8.1 million for the first fiscal quarter of 2008;

* Net income of $184,000 for the first fiscal quarter of 2009, compared to a net loss of ($1.7) million for the first fiscal quarter of 2008;

* Non-GAAP net income of $1.3 million for the first fiscal quarter of 2009, compared to a non-GAAP net loss of ($1.1) million for the first fiscal quarter of 2008.

“During our last earnings call we stated our commitment to be more responsive to our customers, drive profitability, and generate positive cash flows,” said Jerry Chase, President and CEO. “We also stated that with an improved financial situation, we would be able to focus our efforts on improving and expanding our product lines, and accelerating our growth and profitability. For the first fiscal quarter of 2009, we are pleased to report positive progress toward our revenue, profitability and cash flow goals.”

Financial Results for the First Fiscal Quarter ended September 30, 2008

Net revenue was $14.2 million for the first fiscal quarter of 2009 compared to $13.1 million for the first fiscal quarter of 2008. Net revenue for the first fiscal quarter of 2009 included approximately $253,000 for a last-time purchase of one of our device networking products and approximately $213,000 for license revenues for one of our non-core products.

GAAP net income was $184,000, or $0.00 per share, for the first fiscal quarter of 2009 compared to a GAAP net loss of ($1.7) million, or ($0.03) per share, for the first fiscal quarter of 2008. GAAP net income for the first fiscal quarter of 2009 included a restructuring charge of $593,000. The GAAP net loss for the first fiscal quarter of 2008 included expenses totaling approximately $1.0 million related to the departure of the Company's former president and chief executive officer and other former employees, expenses associated with the executive search for a permanent CEO, and $121,000 for a value added tax (VAT) liability in connection with an audit of a foreign subsidiary.

Non-GAAP net income computed with the adjustments to GAAP reporting as set forth in the attached reconciliation was $1.3 million for the first fiscal quarter of 2009 compared to non-GAAP net loss of ($1.1) million for the first fiscal quarter of 2008.

Net revenue for the Americas region was $8.4 million for the first fiscal quarter of 2009, an increase of 6%, compared to $7.9 million for the first fiscal quarter of 2008. Net revenue for the EMEA region was $3.8 million for the first fiscal quarter of 2009, an increase of 13%, compared to $3.4 million for the first fiscal quarter of 2008. Net revenue for the Asia Pacific region was $2.0 million for the first fiscal quarter of 2009, an increase of 14%, compared to $1.7 million for the first fiscal quarter of 2008. As a percentage of net revenues, the Americas, EMEA and Asia Pacific regions were 59%, 27% and 14%, respectively, for the first fiscal quarter of 2009 compared to 61%, 26% and 13%, respectively, for the first fiscal quarter of 2008.

Gross profit margin was 52.9% for the first fiscal quarter of 2009, compared to 49.3% for the first fiscal quarter of 2008. The increase in gross profit margin percent was primarily attributable to increased absorption of manufacturing overhead costs as a result of higher net revenue and lower manufacturing costs, lower inventory reserve costs, and an increase in license revenue.

Selling, general and administrative expense was $5.2 million for the first fiscal quarter of 2009 compared to $6.3 million for the first fiscal quarter of 2008. The first fiscal quarter of 2008 included expenses totaling approximately $880,000 related to the departure of the Company's former president and chief executive officer and other former employees, expenses associated with the executive search for a permanent CEO, and $121,000 for a VAT liability in connection with an audit of a foreign subsidiary.

Research and development expense was $1.5 million for the first fiscal quarter of 2009 compared to $1.8 million for the first fiscal quarter of 2008. The first fiscal quarter of 2008 included expenses totaling approximately $120,000 related to the departure of the former VP of Engineering.

Total operating expenses were $7.3 million for the first fiscal quarter of 2009 compared to $8.1 million for the first fiscal quarter of 2008. Operating expenses for the first fiscal quarter of 2009 included a restructuring charge of $593,000. Total operating expenses for the first fiscal quarter of 2008 included expenses totaling approximately $1.0 million related to the departure of the Company's former president and chief executive officer and other former employees, expenses associated with the executive search for a permanent CEO, and $121,000 for a VAT liability in connection with an audit of a foreign subsidiary.

Balance Sheet Highlights:

* Cash and cash equivalents were $8.2 million as of September 30, 2008, an increase of $783,000 compared to $7.4 million as of June 30, 2008.

* Accounts receivable, net, were $2.9 million as of September 30, 2008, a decrease of $1.3 million compared to $4.2 million as of June 30, 2008.

* Net inventories were $8.1 million as of September 30, 2008, compared to $8.0 million as of June 30, 2008.

* Accounts payable were $6.4 million as of September 30, 2008, a decrease of $1.3 million compared to $7.7 million as of June 30, 2008.

In August 2008, the Company entered into an amendment to its Line of Credit, which provides for a three-year $2.0 million Term Loan and a two-year $3.0 million Revolving Credit Facility. The Term Loan was funded on August 26, 2008. The addition of the Term Loan allows the Company to be more timely with our supply chain partners. This is an integral part of an ongoing initiative to optimize our supply chain with regards to cost, quality, and timeliness.

Working capital was $7.4 million as of September 30, 2008, an increase of $1.7 million compared to $5.7 million as of June 30, 2008.

NASDAQ Listing Compliance

On October 16, 2008, NASDAQ filed an immediately effective rule change with the Securities and Exchange Commission, providing that companies will not be cited for any new concerns related to bid price or market value of publicly held share deficiencies. The prior rules will be reinstated on Monday, January 19, 2009. As a result of the suspension, all companies presently in the compliance process, including Lantronix, will remain at that same stage of the process.

The NASDAQ letter has no effect on the listing of the Common Stock at this time. If the Company is not able to demonstrate compliance with the Rule by March 26, 2009 Lantronix will be notified that its common stock will be delisted. At that time, the Company may appeal the determination to delist its common stock.

Discussion of Non-GAAP Financial Measures

Non-GAAP net income (loss) consists of net income (loss) excluding share-based compensation, depreciation and amortization, litigation settlement, interest income (expense), other income (expense), income tax provision (benefit) and restructuring charges, as well as charges and gains that are driven primarily by discrete events that management does not consider to be directly related to the company's core operating performance.

Lantronix believes that the presentation of non-GAAP net income (loss) provides important supplemental information to management and investors regarding financial and business trends relating to the company's financial condition and results of operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The Company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

WORLDHEART CORPORATION (NASDAQ: WHRTD)
"Up 28.21% in morning trading"

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

WorldHeart is a developer of mechanical circulatory support systems. WorldHeart is headquartered in Oakland, California, USA with additional facilities in Salt Lake City, Utah and Herkenbosch, The Netherlands. WorldHeart's registered office is in Ottawa, Ontario, Canada.

WHRTD News:

October 29 - WorldHeart Announces Effectiveness of Reverse Stock Split

WorldHeart Corporation (Nasdaq: WHRTD) (WorldHeart or the Company), effected a reverse stock split of 30-to-1 after filing of articles of amendment with Industry Canada under the Canada Business Corporations Act and commenced trading on the NASDAQ Capital Market on a post-consolidation basis on October 28, 2008. The Corporation's shareholders approved the proposal for a reverse stock split at a Special Meeting of Shareholders held on October 9, 2008 and the Board of Directors determined to implement the reverse stock split at a 30-to-1 ratio. Completion of the reverse split is intended to allow WorldHeart to keep its listing on the NASDAQ Capital Market, subject to continued compliance with all of the other listing requirements.

The Company's common shares began trading on the NASDAQ Capital Market on a post-consolidation basis (every thirty common shares of WorldHeart combined into one common share) as of the opening of trading on October 28, 2008 under the symbol "WHRTD" and under a new CUSIP number 980905400. The symbol "WHRTD" will remain in effect until November 25, 2008 and subsequently will resume trading under the symbol "WHRT". The reverse stock split will not affect the ownership of option and warrant holders. Upon the exercise of any options or warrants, resulting shares issued will be issued on a post-consolidation basis. No scrip or fractional certificates will be issued in connection with the reverse stock split. Shareholders who otherwise would be entitled to receive fractional shares because they hold a number of common shares not evenly divisible by thirty will not be entitled to cash compensation and such holders will lose any entitlement to such fractional shares upon surrender of certificate(s) representing such shares.

Registered shareholders of WorldHeart who hold existing physical stock certificates will receive a letter of transmittal from WorldHeart's transfer agent, CIBC Mellon Trust Company, containing instructions on how to receive new share certificates. Shareholders whose certificates are held in "street name" or on deposit with their brokerage firm will need to take no further action.