The Micro Cap Opportunity

02/21/2008
The MCO Daily - "Before the Bell" for Thursday, February 21st, 2008

On the Radar: SRSR, RLTR, AXVC, LMRA, CIMT

This morning's top Micro Cap trading ideas include Sarissa Resources Inc. (OTC: SRSR), Reeltime Rentals Inc. (OTC: RLTR), Axial Vector Engine Corp. (OTC: AXVC), Lumera Corp. (NASD: LMRA), Cimatron Ltd. (NASD: CIMT).

Featured Pick
SARISSA RESOURCES INC (OTC:SRSR)
Down 6.25% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=SRSR.PK

Sarissa Resources is an American junior exploration company that identifies and explores mineral properties in North America. Currently, Sarissa has interests in properties with base metal, precious metal, and uranium prospects in Northern Ontario, Canada.

Recent SRSR News:

February 20th, 2008 - Sarissa Orders Preliminary Independent Geological Assessment Report on Lake Nemegosenda Property

Sarissa Resources, Inc. (PINKSHEETS: SRSR) Sarissa is pleased to announce the Company has engaged the services of Hawk Exploration Consultants, an independent and highly regarded Toronto-based geological consulting firm to conduct a preliminary assessment report on Sarissa's Lake Nemegosenda carbonatite-hosted niobium property in Northern Ontario.

With existing, historical property data indicating approximately 20 million tons of 0.47% Nb2O5 (non-NI 43-101-compliant: Ontario Geological Survey study 34 by R.P Sage, published in 1987), the purpose of the preliminary assessment report is to evaluate the historical exploration work on the property conducted by Gulf Minerals Canada Limited and include an initial review of the original drill logs. The independent consultants will then make recommendations for future exploration assessment work that may be required in order to allow the company to have an NI 43-101 compliant resource estimate prepared.

Sarissa president Scott Keevil commented, "We are extremely excited to begin the process of re-evaluating this historic deposit. The fact is mines are made, not discovered, and Sarissa is in a position any junior exploration company would be envious of. Hypothetically, we could have gone out and spent 10 years and $10 million to find properties, explore them and possibly outline an economic ore body, and still not have what we already have now. The independent geological consultants will look to evaluate Gulf's historic data as well as look at the potential for additional mineral values, such as uranium, tantalum and Rare Earth Metals which are often associated with carbonatite deposits." He continued, "If it is determined Nemegosenda has additional mineralization, it could be incrementally accretive to the niobium values already there. We anticipate this initial assessment being completed in a 4 to 5 week time frame, at which time we will update shareholders on the outcome."

A qualified person, as defined under NI-43-101, has not yet done sufficient work to comment on the relevance or reliability of this historical estimate. The company is not treating the historical estimate as, nor can the historical estimates be relied upon as, current mineral resources or reserves. Dr. Cam Cheriton, a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.

Featured Pick
REELTIME RENTALS INC (OTC: RLTR)
Down 13.51% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=RLTR.PK

ReelTime Rentals' mission is to deliver diverse programming, for rental or by subscription, over its online broadband network, enabling viewers to watch whatever they choose, anytime and anywhere they want to see it -- all they need is a broadband connection. ReelTime offers the first DVD quality "Point, Click, and Watch" user experience available on the World Wide Web. ReelTime is providing the public the next generation of online viewing technology, designed with the built in capacity for unlimited growth. ReelTime Rentals can be found on the Internet at www.reeltime.com.

Recent RLTR News:

February 20th, 2008 - ReelTime Announces Open Conference Call to Discuss New Marketing Joint Venture

ReelTime Rentals, Inc. (PINKSHEETS: RLTR) announced this morning that the Company will hold a public conference call Thursday, February 28th at 10:00AM PST, 1:00PM EST. ReelTime's management will be discussing the Company's marketing progress including a recently agreed upon marketing partnership with an electronics manufacturer. The conference call will also outline the proposed plan and timeline for completing an audit of ReelTime's financials in order to become fully reporting as well as the planned migration to list the company's shares on the OTC Bulletin Board.

Barry Henthorn, CEO, remarked, "ReelTime is making huge strides with our latest marketing partnership. The new venture, which puts ReelTime on the shelves of several major retailers, will expose at least 750,000 people per year to our revolutionary product."

The call can be accessed by dialing (616) 597-8000. Callers will be prompted to enter the Participant Access Code: 1098656#. 

AXIAL VECTOR ENGINE CORP (OTC: AXVC)
Up 29.79% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=AXVC.PK

Axial Vector(TM) Engine Corporation is a publicly traded company (Pink Sheets: AXVC) that owns, develops and licenses proprietary intellectual property regarding unique internal combustion engine technologies. AVEC is applying these technologies to develop an exciting, new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size.

Recent AXVC News:

February 20th, 2008 - Axial Vector Announces Ahmed Khalifa as New Chairman of the Board of Directors

Axial Vector Engine Corporation (Pink Sheets: AXVC; Frankfurt Symbol: BAE1) today announced the appointment of Mr. Ahmed Khalifa as Chairman of the Board of Directors.

On February 27th, 2008 at 4:15 pm Eastern Standard time Mr. Khalifa will host an investor conference call to update the investment community on the global launch of its ultra efficient GENSETs and other important breakthroughs.

Completed 200kw GENSET is confirmed for air shipment on March 3, 2008 to Dubai.

Ahmed Khalifa stated, "With the launch of our first products now imminent and our pending project finance agreement with Emirates Capital we can now fully execute our business plan of bringing lower cost electricity, engines and many other important products to the worlds markets."

Mr. Khalifa further stated "our global conference call will include members of our staff and senior officials of Emirates International Capital Advisory (www.emiratescapital.net) who will preview our unique financing system to allow rapid deployment of our products to be produced and sold in large quantities".

    Conference Participant:
    1. At the specified time, dial the Access Number 1.800.704.9804.
    2. When prompted, enter your Participant Code followed by #.
    3. Your Participant Code is 986729#.

    For International Access Call 1 404 920 6604

LUMERA CORP (NASD: LMRA)
Up 17.67% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=LMRA

Lumera is a leader in photonic communications. The company designs electro-optic components based on proprietary polymer compounds for the telecommunications and computing industries. Through its wholly owned subsidiary, Plexera Bioscience LLC, the company is also in the bioscience industry. Plexera is focused on providing the life sciences market with tools, content, and methods to simplify and accelerate proteomic discovery for therapeutic antibodies as well as predictive biomarkers. For more information, please visit www.lumera.com.

Recent LMRA News:

February 20th, 2008 - Lumera Corporation Announces Agreement to Develop Millimeter Wave Communication Systems with Asyrmatos, Inc.

Lumera Corporation (NASDAQ:LMRA), a leader in the field of photonic communications, announced today that it had entered into an agreement with Asyrmatos Inc., a privately held Boston-based company, to develop telecommunication products that will be enabled by Lumera's millimeter wave communication technology. Under terms of the agreement, Lumera will acquire twenty-five percent (25%) ownership of the privately held company in exchange for the intellectual property associated with the technology. In addition to a seat on Asyrmatos' board of directors, Lumera also has an option to acquire the outstanding stock of Asyrmatos in 2012.

"From Lumera's standpoint, this is an excellent opportunity. As we indicated in our last two conference calls, we have been looking to outsource the product development based on our millimeter wave device," said Dr. Joseph J. Vallner, Board member and interim CEO. "This arrangement removes the capital risk of development while providing Lumera with an exclusive opportunity for full ownership in the future."

"The team at Asyrmatos has worked with us on the communications prototype and we have great respect for their knowledge in this field. This is a highly specialized area and there are few individuals who are qualified to bring this product to commercialization. Panos Lekkas, President and Chief Executive Officer of Asyrmatos, Dr. Raj Reddy, Chairman of the Board, and Dr. David McClain, Senior Vice President - Embedded Systems, are very well known for their expertise in this area and we're delighted that they will be leading this effort," said Dr. Raluca Dinu, Vice President, Electro-optic Business Unit.

Lumera announced the successful test of its communications prototype in October, 2006. The device is designed to transmit data at spectrum frequencies of 35, 94, and 140 GHz. Data rates from 2.5 Gbps to 10.3 Gbps can be transmitted up to three miles per data link.

"We are extremely pleased to continue the work that Lumera has started and look forward to completing the creation of a family of fully commercial products," said Mr. Lekkas. "Raj, Dave, and I are also very happy to welcome Dr. John Proakis to our Technical Advisory Board. In the field of communications, John is a legend having authored most of the seminal books on the subject. We look forward to his contributions to our efforts."

The Asyrmatos team led by Mr. Lekkas has extensive experience in very-high speed communications. Mr. Lekkas began his career as a VLSI engineer, before joining IBM Corporation where he rose to several positions in advanced technology development and technical marketing management both in the US and in Europe. At IBM, he was instrumental in the successful worldwide introduction of the RISC architecture paradigm that dramatically improved the speed of computers. After leaving IBM, Mr.Lekkas founded or co-founded several successful entrepreneurial technology companies. He is the author of "Network Processors" and co-author of "Wireless Security."

Dr. Reddy is the Mozah Bint Nasser University Professor of Computer Science and Robotics in the School of Computer Science at Carnegie Mellon University. He served as the founding Director of the Robotics Institute from 1979 to 1991 and the Dean of School of Computer Science from 1991 to 1999. He was awarded the ACM Turing Award in 1994. He served as co-chair of the President's Information Technology Advisory Committee (PITAC) from 1999 to 2001.

Dr. David McClain is a veteran of the advanced signal processing, millimeter-wave technology and artificial intelligence fields. His illustrious 37-year career includes work for about two decades in highly classified areas for the US Intelligence Community. Originally a chip designer with IBM, he has also held leading technical positions with Kaman Aerospace and Hughes Missile Systems (now Raytheon Missile Systems Co.). In more recent years, he has founded and co-founded several successful startups.

Dr. Proakis is currently a Research Professor at Northeastern University where he began his academic career in 1969. Prior to 1969, he served on the staff of GTE Laboratories and the MIT Lincoln Laboratory. Dr. Proakis received the BSEE Degree from the University of Cincinnati, the MSEE Degree from MIT, and the Ph.D. in Engineering from Harvard University. Dr. Proakis is the author of the book "Digital Communications," and co-author of the books, "Digital Signal Processing," "Digital Signal Processing Laboratory," "Advanced Digital Signal Processing," "Digital Processing of Speech Signals" and "Communication Systems Engineering."

CIMATRON LTD (NASD: CIMT)
Up 10.39% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=CIMT

With more than 25 years of experience and over 20,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Cimatron's cutting-edge CAD/CAM solutions are widely used in the automotive, medical, consumer plastics, electronics, and other industries.

Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please visit http://www.cimatron.com

Recent CIMT News:

February 19th, 2008 - Cimatron's Fourth Quarter and Full Year 2007 Results Release Scheduled for February 27th

Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, announced today that it will be releasing its fourth quarter and full year 2007 financial results on Wednesday, February 27th, 2008, before the US market opens.

Cimatron's management will host a conference call that same day, at 9:00 EST, 16:00 Israel time. On the call, management will review and discuss the results, and will also be available to answer questions by investors.

To participate, please call one of the following teleconferencing numbers. Please begin placing your call at least 5 minutes before the conference call commences.

                           USA: +1-888-668-9141
                           Israel: +972(0)3-9180609


For those unable to listen to the live call, a replay of the call will be available from the day after the call under the investor relations section of Cimatron's website, at: http://www.cimatron.com

Return to the Alert Archives