The Micro Cap Opportunity

03/11/2008
The MCO Daily - Before the Bell for Wednesday, March 12th, 2008

On the Radar: QEDC, IMTG, CYTO, VLNC, WWAT, JUNI

This morning's top Micro Cap trading ideas include QED Connect, Inc. (OTCPK: QEDC), Internet Media Technologies, Inc.  (OTCPK: IMTG), Cytogen Corp.  (NASD: CYTO), Valence Technologies, Inc. (NASD: VLNC), WorldWater & Solar Technologies Corp. (OTCBB: WWAT), Juniper Group, Inc. (OTCBB: JUNI).


QED CONNECT, INC.  (OTCPK: QEDC)
Up 37.50% Yesterday

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

QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's 'virtual' work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit www.qedconnect.com.

Recent QEDC  News:

March 11th, 2008 - QED Connect Announces New Customer International Industries, Inc.

QED Connect Inc. (PINKSHEETS: QEDC), an innovative Software-as-a-Service (SaaS) provider for the information security market, today announced that West Virginia-based International Industries, Inc. has chosen its flagship Omni Manager for Internet visibility, management and control. International Industries is a diversified group of companies that includes natural resources, manufacturing, hotels and real estate among its businesses. Omni Manager was implemented within the company's Coal and Lumber Division in support of its voice over IP (VoIP) initiative, as well as to provide tools for monitoring Internet usage and enforcing computer use policies.
"We were in the process of rolling out VoIP technology over a shared Internet connection and found that for some reason, the voice quality was not consistently as good as we needed," said Dan Logan, IT Manager, International Industries, Inc. "After implementing Omni Manager, we were able to trace the source of our loss of voice quality to several network users that at times were making extensive use of Internet radio or downloading videos and music to their networked computers. With Omni Manager, we were able to selectively block users from these sites and our voice quality has improved dramatically. We can also plan our network growth and resources more accurately with the visibility we've gained into computer usage."

INTERNET MEDIA TECHNOLOGIES, INC. (OTCPK: IMTG)
Up 25.00% Yesterday

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

Internet Media Technologies, Inc. (IMT) is a technologies holdings company currently comprised of interests in VoIP (Voice over Internet Protocol) for both residential and commercial customers, and in a revolutionary digital media delivery platform. This retail-based platform is designed to market all entertainment products, i.e. movies, music & other digital content, via a network of unique digital kiosks (or digital docking stations) and vending machines. The company's longer-term plans are to develop a synergistic network of innovative, profitable and global businesses.

Recent IMTG  News:

March 11th, 2008 - Internet Media Technologies, Inc. Files Current Financial Statements with Pink Sheets

Internet Media Technologies, Inc. (Pink Sheets:IMTG) confirmed today that the Company has filed quarterly and yearly financial statements (unaudited), as well as a current 15c2-11 form, to comply voluntarily with the newer and more stringent guidelines for issuers set forth by Pink Sheets LLC on providing adequate "Current Information." Pink Sheets, which is not affiliated with the NASD or NASDAQ, provides a quotation service to market makers in the U.S. As a result of recent improvements and essentially an overhaul of its rating system, all corporate issuers of OTC equity securities are now strongly encouraged by Pink Sheets to disclose current financial information on a regular basis -- standards that were previously only adhered to by fully-reporting and/or exchange-listed securities.
IMTG has filed unaudited financial statements for the previous three fiscal years, as well as for the first three quarters of its fiscal year 2007 (through Sept 30, 2007). The company plans to file additional statements for the period ending Dec 31, 2007 within the next several days. In addition to the financials, the company has filed Form 15c2-11 along with an Attorney Agreement letter verifying accuracy of the information provided.
Mr. Prescott, CEO of Internet Media Technologies, Inc., said of the occasion: "It is a priority of the Corporation to become increasingly transparent, and provide the investment community with the type of disclosure necessary to gain confidence in our newly announced business model and strategy. Our number one goal is to increase shareholder value. An important, longer-term element of our new business model is to become a fully-reporting issuer under SEC guidelines, and apply for a listing on one of the major North American Exchanges within the next 18 months."
 
CYTOGEN CORP.  (NASD: CYTO)
Up 26.09% Yesterday

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

Cytogen is a specialty pharmaceutical company dedicated to advancing the treatment and care of patients by building, developing, and commercializing a portfolio of oncology products. The company's specialized sales force currently markets two therapeutic products and one diagnostic product to the U.S. oncology market. CAPHOSOL(R) is an advanced electrolyte solution for the treatment of oral mucositis and dry mouth that is approved in the U.S. as a prescription medical device. QUADRAMET(R) (samarium Sm-153 lexidronam injection) is approved for the treatment of pain in patients whose cancer has spread to the bone. PROSTASCINT(R) (capromab pendetide) is a PSMA-targeting monoclonal antibody-based agent to image the extent and spread of prostate cancer. Cytogen's product-focused strategy centers on attaining sustainable growth through clinical, commercial, and strategic initiatives. For additional information, please visit Cytogen's website at http://www.cytogen.com.

Recent CYTO  News:

March 11th, 2008 - Cytogen Announces Definitive Merger Agreement with EUSA PHARMA for $0.62 per Share in Cash.

Cytogen Corporation (NASDAQ: CYTO) today announced that it has entered into a definitive merger agreement with EUSA Pharma Inc., pursuant to which all outstanding shares of the Company will be converted into $0.62 per share in cash, which represents a premium of approximately 35% over the closing price of $0.46 on March 10, 2008. EUSA Pharma is a transatlantic specialty pharmaceutical company focused on oncology, pain control and critical care.
On November 5, 2007, Cytogen announced it would begin reviewing strategic alternatives to enhance the future growth potential of the Company's pipeline and maximize shareholder value. In connection with this decision, Cytogen's Board of Directors formed a special committee of independent directors to consider the Company's options.
Since November 5, 2007, the Special Committee, advised by independent financial and legal advisors, has engaged in a comprehensive and thorough review of strategic alternatives available to Cytogen, which included additional financings, licensing agreements, sale of assets and the sale of the Company. On March 10, 2008, after receiving a fairness opinion, the Board of Directors of Cytogen approved the merger agreement and recommend that Cytogen's stockholders vote in favor of the merger agreement.
Closing of the merger is conditioned on, among other things, the receipt of approval by holders of a majority of the outstanding shares of Cytogen's common stock, and the parties entrance into a sublicense agreement for the European and Asian rights to the Company's Caphosol product. It is also subject to certain regulatory review and other customary closing conditions. The transaction is expected to close in the second quarter of 2008. Upon closing of the merger, EUSA Pharma intends to apply to delist all of Cytogen's issued shares from the NASDAQ Stock Market.
ThinkEquity Partners, LLC acted as financial advisor to Cytogen, Morgan, Lewis & Bockius, LLP acted as legal advisor to Cytogen and Janney Montgomery Scott LLC provided a fairness opinion to the Board of Directors of Cytogen. Ferghana Partners acted as financial advisor to EUSA and McCarter & English, LLP acted as legal advisor to EUSA.
James A. Grigsby, non-Executive Chairman of the Board of Cytogen and member of the Special Committee, said: "We are pleased with the terms of the agreement with EUSA Pharma. This was a thorough process, and we believe this transaction is in the best interests of our stockholders."

VALENCE TECHNOLOGIES, INC.  (NASD: VLNC)
Up 19.31% Yesterday

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

Valence Technology developed and markets the industry's first commercially available, safe, large-format family of lithium phosphate rechargeable batteries. Valence Technology holds an extensive, worldwide portfolio of issued and pending patents relating to its lithium phosphate rechargeable batteries, the only intrinsically safe lithium rechargeable battery. The company has its headquarters in Austin, Texas, and facilities in Las Vegas, Nevada, Mallusk, Northern Ireland and Suzhou, China. Valence is traded on the Nasdaq Capital Markets under the ticker symbol VLNC and can be found on the internet at www.valence.com.

Recent VLNC  News:

March 11th, 2008 - Valence Technology Embarks Upon Manufacturing Expansion to Meet Anticipated Demand for its Lithium Phosphate Battery Packs

Valence Technology, Inc. (NASDAQ: VLNC) today announced it plans to increase the company's manufacturing capacity to meet anticipated demand for its safe, industry-leading Lithium Phosphate energy storage systems. By March 31, 2009, Valence plans to have in place an expanded manufacturing capacity of $35 million to $50 million per quarter to support anticipated product sales. As the company's manufacturing capacity expands, Valence believes it can achieve gross margins of approximately 30 percent of revenue with operating profit from 17 percent to 20 percent of revenue.
Valence recently announced it had secured an agreement with Tanfield Group Plc that will result in the purchase of up to $70 million of product during the first phase of the contract to power zero emission, all-electric commercial delivery vehicles. The Valence battery systems are being installed in leading-edge vans and trucks produced by Tanfield's UK-based trading division, Smith Electric Vehicles, the world's largest manufacturer of electric vans and trucks.
"Increasing our capacity to manufacture additional battery systems will assure we have the capability to fulfill the anticipated demand we believe to be building in our sales pipeline," said Robert L. Kanode, CEO and president of Valence Technology. "And, with operational full service fulfillment centers in Europe, North America and China we are ready to provide the service and support our customers need."

WORLDWATER & SOLAR TECHNOLOGIES CORP. (OTCBB: WWAT)
Up 19.37% Yesterday

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

WorldWater & Solar Technologies Corp. is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that cannot only generate and distribute electricity, but can drive 1000 horsepower motors and pumps from sunshine independently or in conjunction with the electric grid, providing solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.

Recent WWAT  News:

March 11th, 2008 - WorldWater & Solar Technologies Selected for $4 Million Solar Contract by City Council of Ocean City, New Jersey

WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the City Council of Ocean City, NJ has awarded the Company a contract to build a $4 million solar system for the City which is expected to produce nearly 550,000 kilowatt hours of energy in its first year. The Ocean City Municipal Solar Energy Power Project will include roof mounts on the Cultural Arts and Community Center, the new Public Works Complex building, the Vehicle Maintenance Center and the Sports and Civic Center.
The award for the long-term Power Purchase Agreement with WorldWater is expected to allow Ocean City to offset approximately 17% of the City's total yearly electricity requirements for buildings that it owns and/or operates. The project is expected to be completed later this year.
"This is a win-win for WorldWater and the State of New Jersey," said Quentin T. Kelly, Chairman and CEO. "Following on our successful installations elsewhere in the state, these rooftop applications will save Ocean City millions of dollars overall and once again prove that sustainable energy is a sensible solution as oil prices remain at record levels. Under WorldWater's awarded contract, which lasts 15 years, the company will receive $1.6 million in rebates from the New Jersey Board of Public Utilities, along with solar renewable energy credits (SRECs) and federal tax credits on top of the ongoing electric billings to be paid by Ocean City. We are pleased to continue providing New Jersey residents with cutting edge, environmentally-friendly ways to power their way to the future."
Four proposals were received by the City, which selected WorldWater. Mayor Salvatore Perillo stated: "At a time when we are seeing double-digit increases in annual electric costs, this is welcomed savings. The savings will start in July and will help us to reduce our energy budget."
WorldWater & Solar Technologies Corp. is a global leader in the design, engineering and delivery of solar energy systems. The largest source of carbon dioxide emissions, the leading cause of global warming, is caused by electric power generating stations burning fossil fuel.
In addition to Megawatts of installations in the US and globally, solar installations completed by WorldWater in the State of New Jersey include: the Federal Courthouse Annex in Trenton; Liberty Science Center in Jersey City; Atlantic County Utilities Authority Water Treatment Plant in Atlantic City; Voorhees Middle School in Voorhees Township; Ray Angelini Incorporated (RAI) Electrical Contractors in Sewell and Richard Stockton College in Pomona.
This installation by WorldWater will eliminate over 820,000 lbs of CO2 being released in the atmosphere.
 
JUNIPER GROUP, INC.  (OTCBB: JUNI)
Up 16.67% Yesterday

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

Recent JUNI   News:

March 11th, 2008 - Juniper Awarded Contract with WFI Deployment

Juniper Group (OTCBB:JUNI) announced that it has been awarded agreements with WFI Deployment (WFI) to provide tower services in the Chicago area. Juniper has been awarded site audits, sweep testing and co-location build-outs.
WFI has provided end-to-end network deployment to some of the world's largest carriers. In 2007, WFI deployment business was purchased by a private investment firm Platinum Equity, LLC (a specialist in purchasing pubic to private transactions). WFI services include site investigation and acquisition services, infrastructure design and installation, network services, construction, and overall project management.
Mr. Vlado Hreljanovic, Juniper CEO states, "We are pleased to be selected to perform site audits, corrective sweeps and co-location build-outs for WFI . We expect to be doing extensive work for them in the Chicago area over the next several months. These services could lead to a substantial increase in Juniper's revenue. The potential amount of work available to Juniper from WFI could well exceed $1,000,000 in 2008."

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