The Micro Cap Opportunity

03/31/2008
The MCO Daily - Before the Bell for Tuesday, April 1st, 2008

On the Radar: RRLB, GFET, RGRP, CPYE, ACUS, NMSS

This morning's top Micro Cap trading ideas include Red Reef Laboratories International, Inc. (OTCPK: RRLB), Gulf Ethanol Corp. (OTCPK: GFET), ROO Group, Inc. (OTCBB: RGRP), Conspiracy Entertainment Holdings, Inc. (OTCBB: CPYE), Acusphere, Inc. (NASD: ACUS), NMS Communications Corp. (NASD: NMSS).

Featured Pick
RED REEF LABORATORIES INTERNATIONAL, INC.  (OTCPK: RRLB)
Down 30.00% Yesterday

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

Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of chemical and biological products, utilizing advanced surfactant technology and increasingly "green" compounds. These series of products are specifically designed for biocidal and virucidal applications. For more information, please visit the Company's web site at www.redreef.biz.

Recent RRLB News:

March 31st, 2008 - Red Reef Laboratories International, Inc. Poised to Compete in Highly Competitive Roof Maintenance Industry

Red Reef Laboratories International, Inc. (Pink Sheets:RRLB), a diversified scientific research, development, and marketing group focused on commercializing a variety of chemical and biological products, has engaged Bob Hilson & Co. (www.bobhilson.com), a large roofing contractor, to conduct field tests of Red Reef's Mold and Mildew Removal formulas. Hilson, a highly respected roofer whose main office is in Miami-Dade County, Florida, has been in business since 1979, and operates statewide. Red Reef chose Hilson to perform the field tests because the company has extensive experience in removing mold and mildew from roofs, a common problem in Florida. Bob Hilson, who has been experimenting for years with a number of products especially designed to remove mold and mildew, is quoted: "The main issue with products that eliminate mold and mildew is the incidental damage to shrubs and landscape plants, which can be very costly and sometimes difficult to replace. Most products we have tested eliminate mold with varying degrees of effectiveness and also vary in ease of application and cost, but almost all require special care and procedures to avoid damage to shrubs, as well as damage to the roofing materials. Florida particularly has a type of mold which discolors many roofs and does not respond to many commonly used chemicals. Any product that can eliminate or reduce these concerns will have a competitive edge in the roofing industry."
Mr. Hilson continued, "Another important consideration is how long a treated roof will remain mold- and mildew-free. We will apply TKO and other formulas Red Reef develop to compare every aspect of performance with competitive products we currently use or will consider, including pressurized water, which is probably the most popular approach to an unsightly roof due to mold and mildew."
"We are looking forward with great anticipation to the appraisal from Bob Hilson & Co. Our personal experience, though limited, has been very positive. Where we have applied TKO on roofing materials ourselves, the results have been dramatic and led us to seek a professional, unbiased field test with as many variables and comparisons as possible. This will allow us to adjust the formula or design new formulas if needed, to perform to maximum expectations. Bob Hilson & Co. is the ideal candidate to perform these tests," said Dr. Claus Wagner-Bartak, President of Red Reef. He went on to say, "If our specific proprietary formulas perform as well as we anticipate under all conditions, Red Reef will seek to establish a Business Opportunity Franchise in Florida, and in time, beyond. TKO has already been proven cost efficient and effective in removing mold and mildew from all other hard surfaces encountered to date. The roofing industry presents unique challenges due to the large variety of materials, environments and exposure to the elements under which it must perform. If our proprietary formulas meet the challenge, we would welcome an opportunity to compete in this lucrative market."
Other significant events:
On March 19, 2008, Red Reef Board of Directors unanimously agreed to reduce the company's authorized shares by half (3 billion to 1.5 billion) -- this in response to members agreeing to avoid dilutionary events and stress stockholder value.
Red Reef R & D continues to add proprietary formulas to its family of products. A new line of environmentally friendly cleaners developed for DITEC (www.ditecusa.com) utilizing advanced readily biodegradable surfactant systems include a car and boat shampoo, bug remover, degreaser, wheel cleaner, stain remover and deodorizer.
Red Reef Supreme Sugar Mill site in Napoleonville, LA has been added to the LED (Louisiana Economic Development) list of prime Louisiana properties available for commercial development, as part of the program to attract suitable tenants.

GULF ETHANOL CORP. (OTCPK:GFET)
Up 22.45% Yesterday

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

Gulf Ethanol is an alternative energy company focused on the development of the cellulosic ethanol industry with a particular emphasis on Texas and the Gulf Coast. For more information please visit our homepage at: www.GulfEthanolCorp.com.

Recent GFET News:

March 31st, 2008 - Gulf Ethanol Central American Mission a Success

Gulf Ethanol Corporation, (OTC:GFET) met last week with government officials, investors and industry partners in Central America to discuss plans to manufacture biofuels in Central America. Central America has abundant sources of biomass. Negotiations identified a strong demand for biodiesel production in Costa Rica along with available, low cost, feedstock to produce it.
"We see this opportunity as a healthy expansion of our business model to a second biofuel," noted JT Cloud, Gulf's President. "We expect to formalize implementation plans in the next couple of weeks and be in production before the end of 2008," he predicted.
With hardly any domestic hydrocarbon reserves, Central American countries rely heavily on imported oil for their energy needs. The countries of Central America, including Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama, have traditionally been dependent upon agricultural exports for a large portion of their economic activity. However, in recent years, these countries have begun to diversify their economies towards manufacturing and tourism. As a result, the countries have been especially affected by high world oil prices in recent years.

ROO GROUP, INC. (OTCBB: RGRP)
Up 69.23% Yesterday

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

ROO Group Inc. (OTCBB: RGRP), through its 100% subsidiary ROO Media Corporation, is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience. The Company's proprietary platform and content management system, the ROO Video Exchange, and a suite of related products, allows web sites and their advertisers to organize video content, target advertising and maximize views. ROO is the service provider of choice for companies seeking enterprise level solutions and effective strategies for monetizing digital media assets. The Company also operates an advertising agency business specializing in a variety of media services including direct marketing, brand planning and identity, media buying and packaging. ROO has offices in New York, London, Dubai and Melbourne, Australia. For additional information, please visit www.roo.com.

Recent RGRP News:

March 31st, 2008 - ROO Increases Consolidated Revenue by 43% and Online Digital Media Revenue by 78% in 2007

ROO Group Inc. (OTC Bulletin Board: RGRP) today announced financial results for the quarter and year ended December 31, 2007, the reporting period immediately prior to the assumption of executive management responsibilities by the KIT Capital group. The Company also made several key corporate action announcements, including:
    (a) The conversion of all of the Company's outstanding 10 million super-
        voting preferred shares into an aggregate of 400,000 common shares, as
        well as the extinguishment of all shelf preferred shares, thereby
        resulting in the extinguishment of the entire class of preferred
        stock;

    (b) The concurrent issuance of 8.65 million fully vested warrants to
        Messrs. Robert Petty and Robin Smyth as part of restructured
        employment agreements, but unrelated to future employment;

    (c) The execution of share purchase agreements with selling shareholders
        towards acquiring the remaining 49% of Sputnik Agency, ROO's
        profitable, interactive online advertising subsidiary, pursuant to the
        agreement in principle originally reached on March 16, 2008; and

    (d) The corporate re-branding of ROO Group, including re-naming the
        Company to 'KIT Digital, Inc.'.
For the quarter ended December 31, 2007, revenue was $3.9 million, compared to $3.75 million in the prior year period.
The net loss for the quarter ended December 31, 2007 was $12.5 million, or $0.32 per basic and diluted share, compared to $5.0 million, or $0.23 per basic and diluted share, in the same period last year. The net loss for the quarter ended December 31, 2007 includes non-cash items totaling approximately $1.1 million in stock-based compensation and other compensation payments, compared to $860,000 in the same period last year, and $4.1 million relating primarily to the impairment of tangible and intangible assets. Excluding these non-cash items, net loss for the quarter was $7.3 million. The increase in net loss for the quarter is attributed to continued investments in building out our technology platform, the cost of running the RBS business unit, which was still in the research and development phase, as well as legal fees and costs associated with headcount reduction. Weighted average common shares outstanding for the three months ended December 31, 2007 was 38,953,109 compared to 21,920,172 for the same period in the prior year. The RBS business unit, which was researching peer-to-peer networking technology, was closed down in January 2008.
For the year ended December 31, 2007, revenue increased 43% to $13.9 million, compared to $9.8 million in 2006. This increase includes a 78% increase in revenue from the Online Digital Media segment to $9.5 million, compared to revenues of $5.4 million for the year ended December 31, 2006.
The net loss for the year ended December 31, 2007 was $34.6 million, or $0.99 per basic and diluted share, compared to $14.6 million, or $0.92 per basic and diluted share in 2006. The net loss includes non-cash items totaling approximately $4.7 million in stock-based compensation and other compensation payments, compared to $2.6 million in 2006, and $4.1 million relating primarily to the impairment of tangible and intangible assets. Excluding these non-cash items, net loss for the year was $25.8 million. The increase in net loss for the year is attributed to the cost of development of the VX Platform, the acquisition of strategic assets of Wurld Media and the cost of running the RBS business unit, as well as a ramp up of global operations and sales personnel. Weighted average common shares outstanding for the year ended December 31, 2007 was 34,869,325 compared to 15,901,049 for the same period in the prior year.
Kaleil Isaza Tuzman, chairman and chief executive officer of ROO, stated, "The financial results for the three months and year ended December 31, 2007, reported today, pre-date my joining ROO in January 2008. Since January, we have implemented several material cost-cutting initiatives and repositioned ROO to be more competitive, with a refocused strategic growth plan. This new strategy involves the integration of our interactive agency and video player capabilities, and an all-out commitment to profitability this fiscal year. Our focus during the first quarter of 2008 was on (a) maintaining revenues, (b) controlling and cutting costs and (c) simplifying our capital structure."
"Our focus in the second quarter of 2008 will be on building 'smart', gross contribution-positive revenue through client agreements and strategic acquisitions. While building the scale of our business will play an important role in our success, we are more focused on achieving profitability than on top-line growth -- which we believe will ultimately provide a more stable foundation for long-term success."
Isaza Tuzman continued, "In the first quarter, we have cut our cash burn by roughly 45% through a mixture of operating discipline and slightly enhanced revenue levels -- without losing a single client and while adding one of our largest clients to date, Italy's RCS Digital. We fully integrated our subsidiary Sputnik and finally managed to extinguish the onerous preferred share class without material dilution to common shareholders. We also rotated the Company more towards higher growth international markets, built a high- quality independent board of directors and filled out critical management positions -- like president, chief operating officer, head of engineering, head of EMEA and head of Latin America. A very productive first quarter in my opinion."
Preferred Share Conversion and Class Extinguishment
On March 30, 2008, ROO Group reached negotiated settlements with Robert Petty and Robin Smyth, restructuring their respective employment agreements, each of which involved one-time cash severance payments. In exchange for entering into new below-market, "at will" employment agreements, Messrs. Petty and Smyth will receive upfront cash settlements of $675,000 and $275,000 respectively, as well as an aggregate of 8.65 million fully vested warrants to purchase ROO common stock, at a strike price equal to $0.133 per share (representing the 3-day weighted average of closing price of ROO common stock prior to and including March 28, 2008). These warrants will become exercisable in 1/12 increments on a monthly basis starting six months from now. Mr. Smyth's restructured employment agreement involves certain cash and warrant- based incentives which can be earned-in over a period of 3 years based on ongoing service to the Company. As part of their respective settlements, Messrs. Petty and Smyth agreed to vote their preferred shares according to the Company's designation. Together with certain preferred shares beneficially voted by the Company on March 30, 2008, these preferred shares -- which represented a voting majority of all aggregate share classes -- voted for a statutory conversion of all outstanding preferred shares (10 million in total) into an aggregate of 400,000 common shares. The preferred shares also voted for the subsequent extinguishment of the entire class of preferred shares, such that no preferred shares may be issued by the Company in the future, and for the renaming of the Corporation to "KIT Digital, Inc." These decisions will be perfected twenty days after a definitive information statement has been sent to all of the Company's shareholders.
Following the conversion of the outstanding preferred shares into an aggregate of 400,000 common shares, ROO will have 39.34 million total shares outstanding, or a market capitalization of $5.1 million -- based on the $0.13 closing price of ROO common shares on Friday, March 28, 2008. As of March 28, 2008, the Company had an approximate cash position of $5.3 million.
KIT Capital retains a right, pursuant to its Executive Management Agreement with the Company of December 18, 2007, to purchase $5 million of ROO common shares at $0.16 per share. KIT Capital has also agreed, subject to approval by an independent committee of the board of directors, to accept warrants to purchase 2.0 million shares of ROO common stock at a strike price equal to $0.13 per share in exchange for surrendering its right to purchase 51% of the outstanding preferred shares of the Company.
"ROO Group has long suffered from the overhang of a 'blank-check' preferred share class," commented Isaza Tuzman. "While management originally came forward with a plan to eliminate the preferred shares through a 1-to-3.2 conversion ratio into common shares, it became clear over the last several weeks that this plan was unacceptable to common shareholders. We see the net outcome of the settlements reached as being materially positive for common shareholders-involving less than one-third of the pro forma dilution as the previously proposed 1-to-3.2 conversion alternative. More importantly, with only one class of stock, all shareholders are now on a level playing field, and investors can value ROO transparently and on an apples-to-apples basis versus others companies in our sector-a comparison that we think will prove favorable. We appreciate the flexibility shown by Messrs. Petty and Smyth in arriving at this point."
Integration and Consolidation of Sputnik Agency
On March 30, 2008, ROO executed various individual share purchase agreements with the shareholders of Sputnik Agency, in a process that once completed should provide the Company a 100% ownership position in the subsidiary entity. The all-in cash cost to ROO for the buy-in of Sputnik (including consummation of the Company's original 51% ownership) will be approximately $4.0 million, to be paid by April 30, 2008. Sputnik Agency reported 2007 revenues of $5.2 million and an operating profit of $371,000. As previously announced, ROO recently appointed Sputnik Agency's managing director, Gavin Campion, 35, as president. Campion is now responsible for all of ROO's global operations, client services and business development.
Mr. Campion commented, "The integration of Sputnik and ROO Media Services will strengthen our operations by bringing our online video enablement and interactive marketing solutions under one product offering. By offering a single source solution we will be able to better serve current and prospective clients. The Sputnik and ROO Media Services teams are in fact already operating as one, and we have begun to see the positive fruits of this decision. I bring the profit-focused outlook I have had in building Sputnik to the overall ROO Group."
Corporate rebranding efforts, including the new name, 'KIT Digital'
On March 30, 2008, the majority of the Company's aggregate shares voted to change the name of the Company to KIT Digital, Inc. The name change had been previously authorized by the Board of Directors. The Company will operate under the new name effective April 7, 2008. The Company will legally change the name of the Corporation forthwith, as a result of which the Company's ticker symbol on the Over the Counter Bulleting Board will also be changed. Until that time, the Company will continue to trade under the ticker symbol RGRP.
Mr. Isaza Tuzman commented, "The ROO name has served the Company over time, but the team felt that the integration of Sputnik and ROO Media Services represented a good time to introduce a fresh, new brand. The 'KIT Digital' brand underscores my commitment to our success, and reflects in part the changes made since KIT Capital's involvement in the Company several months ago.
Mr. Campion continued, "In the coming weeks we will officially launch our new corporate identity, including a new logo and website. This new brand most effectively conveys our revamped operations and our focus on a 360 degree online video monetization model for corporate clients. We will be unveiling our new branding at the MIPTV conference in Cannes, France on April 7th."
"We are off to a strong start in 2008 as it relates to executing our plan," concluded Isaza Tuzman. "We are gaining traction delivering our unique end-to-end IPTV enablement technology to international customers. This is buttressed by our recent exclusive technology agreements with Abacast, Pando Networks and Viewdle and our recently announced intent to acquire mobile TV company Kamera. However, this progress is perhaps best underscored by leading European media company RCS' decision to deploy ROO's online streaming video solutions on the web sites of two of Europe's largest newspapers, Corriere della Sera and La Gazetta dello Sport."
ROO Group's significant corporate milestones since December 31, 2007 include:
    -- Conversion of all outstanding 10 million preferred shares into an
       aggregate of 400,000 common shares, and subsequent extinguishment of
       the entire class of preferred shares;

    -- Execution of definitive share purchase agreements with the shareholders
       of ROO's subsidiary Sputnik Agency, towards the purchase of 100% of the
       capital stock of Sputnik;

    -- Appointment of Gavin Campion as president of ROO Group, effective April
       1, 2008;

    -- The expansion of the Company's board of directors to seven members,
       four of whom are independent.  This includes the appointments of Wayne
       R. Walker, Kamal El-Tayara, Lars Kroijer, and Daniel W. Hart;

    -- Execution of a Letter of Intent and associated Content Distribution
       Agreement for the acquisition of 100% of the capital stock of Kamera
       Content AB, a Stockholm-based provider of mobile and browser-based IPTV
       solutions to corporate customers like Vodafone, MSN, Orange, O2,
       Telefonica, Hutchinson, China Mobile and others;

    -- Partnered with Abacast and Pando Networks on a semi-exclusive basis to
       offer current and future corporate customers peer-to-peer (P2P)
       streaming solutions that deliver live streaming and video-on-demand
       (VoD) through the ROO Media Player;

    -- Partnered with facial recognition-based video search company Viewdle,
       whereby Viewdle will integrate its video search capability into the ROO
       player to offer a seamless user experience as either a stand-alone
       product or integrated with a broader ROO solution for corporate
       clients;

    -- Rebranding the Company as "KIT Digital", effective April 7, 2008; and

    -- Retained Merriman Curhan Ford & Co. to help manage its capital
       restructuring initiatives and explore strategic buy-side alternatives.
Conference Call
The Company will host a conference call at 9:00 a.m. ET/ 1:00 p.m. GMT on Monday, March 31, 2008. To participate in the call, please dial 1 (888) 603- 6873 (domestic) or +1 (973) 582-2706 (international). The passcode for the
call is 40671896. Please dial into the call at least five minutes before the scheduled start time to allow for processing time.
The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of ROO's website, www.roo.com, or at www.kcsa.com. If using this option, please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Internet broadcast.
For interested individuals unable to join the live conference call, a replay of the call will be available through April 14, 2008, at 1 (800) 642- 1687 (domestic) or +1 (706) 645-9291 (international). The passcode for the replay is 40671896. An online archive of the webcast will be available on the Company's website for 30 days following the call.

CONSPIRACY ENTERTAINMENT HOLDINGS. (OTCBB: CPYE)
Up 45.00% Yesterday

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

Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and video game consoles, including those manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.

Recent CPYE News:

March 31st, 2008 - Conspiracy Entertainment CEO Issues Letter to Shareholders

Conspiracy Entertainment (OTC Bulletin Board: CPYE), a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, announced today that President and CEO Sirus Ahmadi issued a letter to shareholders:
Dear Valued Shareholders:
I am pleased to provide you today with an update on the progress of your Company.
Over the past six months, we have gained manufacturing approval on a number of our licensed, popular gaming titles, as well as secured new distributorships to release high-anticipated games for the Wii, Nintendo DS, Sony PlayStation2(R), and other Wi-Fi handheld platforms. Our key developments include:
    -- Released Biathlon 2008 for the PlayStation(R) 2 system in March 2008.
       Recommended by biathlon stars Magdalena Neuner, Kati Wilhelm and
       Michael Greis, Biathlon 2008 is marketed as the most exciting video
       game adaptation of this immensely popular international World Cup/World
       Championship game that combines accuracy and athletics.

    -- Published a highly anticipated Wii gaming title based on the lovable
       Cocoto character franchise created by Neko Entertainment. Through our
       distribution agreement with SVG Distribution, Inc., Cocoto Magic Circus
       for the Nintendo Wii hit U.S. retail stores at the end of February
       2008.

    -- Shipped Best of Tests DS(TM) for the Nintendo DS to North American
       retail outlets. A quirky and entertaining twist on the famous
       Intelligence Quotient (IQ) Test, Best of Tests exercises the brain
       while it entertains for hours.

    -- With U.S. publishing rights to Wii: Octomania, we selected Atlus
       U.S.A., Inc., a leading publisher of interactive entertainment, to
       exclusively distribute the multi-player puzzler game Octomania to North
       American retailers. Atlus U.S.A. began distribution in March 2008.

    -- Launched Nintendo Wii: Winter Sports game in December 2007, which
       quickly lead to large reorders and continues to boost sales through the
       first quarter of 2008.

    -- Launched the first, turn-based WWII strategy game for the Nintendo
       DS(TM), Panzer Tactics. The game hit retail shelves throughout the
       U.S., Canada and Mexico in November 2007. Conspiracy gained the
       licensing rights to distribute Panzer Tactics from 10TACLE STUDIOS AG,
       (WKN: TACL10, ISIN DE000TACL107), one of Europe's leading independent
       developers and producers of high-end computer and video games.

We anticipate to report over $5 million in revenues (unaudited) for the three months ended December 31, 2007. This represents a year-over-year increase in sales of 2824% compared to $171,000 reported in the fourth quarter of 2006. Fourth quarter 2007 revenues grew 194% compared to $1.7 million reported in the third quarter of 2007. For the year ended December 31, 2007, we expect to report over $7.5 million in revenues (unaudited), compared to $803,493 (audited) for the year ended December 31, 2006.
We have closed 2007 with great optimism and believe 2008 will be one of our strongest years of revenue growth in our decade-long history. We have 10 to 20 additional games on all major platforms scheduled for release this year, and are well positioned to build shareholder value in 2008 and beyond.
You may visit http://www.conspiracygames.com or http://www.otcfn.com/cpye for future updates. As always, thank you for your continued interest and support in Conspiracy Entertainment.
    Sincerely,

    Sirus Ahmadi
    President and CEO, Conspiracy Entertainment


ACUSPHERE, INC. (NASD: ACUS)
Up 30.16% Yesterday

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

Acusphere is a specialty pharmaceutical company that develops new drugs and improved formulations of existing drugs using its proprietary microsphere technology. We are focused on developing proprietary drugs that can offer significant benefits such as improved safety and efficacy, increased patient compliance, greater ease of use, expanded indications or reduced cost. Our lead product candidate, Imagify(TM) (Perflubutane Polymer Microspheres) for Injectable Suspension, is a cardiovascular drug for the detection of coronary artery disease, the leading cause of death in the United States. Imagify is designed to enable ultrasound to compete more effectively with nuclear stress testing, the leading procedure for detecting coronary artery disease. It is estimated that over 10 million procedures are done each year in the U.S. to detect coronary artery disease, the leading cause of death in the United States. Imagify and the Company's other product candidates were created using proprietary technology that enables Acusphere to control the porosity and size of nanoparticles and microspheres in a versatile manner that allows them to be customized to address the delivery needs of a variety of drugs. For more information about Acusphere visit the Company's web site at www.acusphere.com.

Recent ACUS News:

March 31st, 2008 - Acusphere Licenses Hydrophobic Drug Delivery System to Cephalon for $10 Million

Acusphere Inc. (NASDAQ: ACUS) announced today that it has signed an agreement to license the intellectual property rights to its Hydrophobic Drug Delivery System(TM) (HDDS) for oncology applications, along with the rights to AI-850, its formulation of paclitaxel, to Cephalon, Inc., in exchange for a cash payment of $10 million.
"We are very pleased with the terms of this transaction, which establishes a strong value for part of our technology platform that is at an early stage of development," said Sherri C. Oberg, President and CEO of Acusphere. "We are confident that Cephalon is the right partner for one application of this important technology, given its strong focus on oncology. Just six months ago, we announced that AI-850 was a potential bio-equivalent to the one of the fast-growing anti-cancer drugs, Abraxane(R). This transaction confirms the potential for our technology in the oncology arena, which is one of many potential applications for our HDDS technology."
Frank Baldino, Jr., Chairman and CEO of Cephalon, stated, "Cephalon has a growing oncology business with a deep and diverse portfolio of marketed products and pipeline compounds. The addition of the HDDS technology, and AI-850 in particular, will build on our expertise and expand our oncology portfolio."
 
NMS COMMUNICATIONS, INC. (NASD:NMSS)
Up 12.78% Yesterday

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

NMS Communications, a division of NMS Communications Corporation (NASDAQ: NMSS), provides enabling technology and tools for the rapid development and deployment of value-added services on mobile and converged networks. From traditional voice mail and interactive voice response systems to ringback tones, Voice SMS, and interactive mobile video, NMS platforms are used around the world as the foundation for a wide range of revenue-generating video, voice and data applications. Visit www.nmscommunications.com for more information.

Recent NMSS News:

March 31st, 2008 - NMS/WITCOM-Developed Ringback Service Helps SK Telecom Customers Save up to 50 Percent

South Korea's largest telecommunications provider, SK Telecom, has launched a new ringback tone service that allows its subscribers to know when they are making in-network calls, thanks to a partnership between telecommunications services platform provider NMS Communications and Korean mobile services developer WITCOM Co. Ltd. SK Telecom's new service, called T-Ring, automatically sends a special ringback tone that lets the caller know that the call is in-network, meaning that the charges will be lower than an out-of-network call.
The latest in a string of personalized mobile services offered by SK Telecom, T-Ring enables subscribers to save up to 50 percent when they're calling in-network. The service was recently made available to SK Telecom's 20 million subscribers. In 2001, SK Telecom launched the world's first personalized color ringback tone (CRBT) service, which enabled subscribers to attribute different ring tones to friends and family.
"Personalization is a significant differentiator for mobile operators looking for new ways to maximize revenue," said Joon-Yong Song, manager of sales team at Witcom. "Working with NMS platforms has helped us develop creative, revenue-generating services that help operators like SK Telecom stand out in their markets."
WITCOM used NMS Open Access(TM) media processing boards and signaling products to develop T-Ring. Open Access products are open, scalable, high-density building blocks that give developers the processing power and capacity needed to rapidly develop an ever-increasing array of current and next-generation services.
"Cost-conscious mobile subscribers in South Korea now have a tool that lets them proactively manage their usage," said Jamie Warter, vice president of marketing at NMS Communications. "WITCOM and NMS together will continue providing the next-generation ringback and other mobile services that customers demand, and that operators will benefit from."
About SK Telecom
SK Telecom (NYSE:SKM) is the #1 wireless communication services provider in South Korea serving more than 20 million cellular users (50% market share). They offer cellular voice services comprising basic wireless voice transmission services and related value-added services; wireless data services, including SMS and MMS services and wireless Internet services; wireless entertainment services; and wireless financial services. The company has operations in China, Southeast Asia, Southwest Asia and the US. Visit www.sktelecom.com for more information.

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