The Micro Cap Opportunity
Proven Strategies for the Astute Micro Cap & Nano Cap Stock Speculator
05/12/2008
The MCO Daily - Before the Bell for Tuesday May 13nd, 2008
The Micro Cap Opportunity 'Daily'
‘Before the Bell’ for Tuesday, May 13th, 2008
On the Radar: EFFC, BELM, MENV, SFBE, ICOG, ZVUE
This morning's top Micro Cap trading ideas include, Effective Control Transport, Inc. (OTCPK: EFFC), Bell Microproducts, Inc. (OTCPK: BELM), Micron Enviro Systems, Inc. (OTCBB: MENV), Sino Fibre Communications, Inc. (OTCBB: SFBE), ICO Global Communication Holdings Ltd. (NASD: ICOG), ZVUE Corp. (NASD: ZVUE).
EFFECTIVE CONTROL TRANSPORT, INC. (OTCPK: EFFC)
Up 22.22% Yesterday
Detailed Quote: http://finance.yahoo.com/q?s=EFFC.PK
Effective Control Transport is a software company which specializes in technology that monitors a driver's vigilance announces a shareholder update. (http://www.econtroltransport.com) Recent EFFC News:
May 12, 2008 - Effective Control Transport Announces NASCO Conference 2008 Participation
Effective Control Transport, Inc. (PINKSHEETS: EFFC) (www.econtroltransport.com) is proud to announce its first participation to the North America's SuperCorridor Coalition (NASCO) Conference 2008 with the assistance of the Mexico-Canada Commerce of Chamber who is mandated by the Ministry of Economic Development, Innovation and Exportation of Quebec (MDEIE) to coordinate and put in action a program of a commercial mission in Mexico.
We will participate in an important commercial mission in Mexico, from June 1st through June 7th 2008. This mission regroups firms in the areas of transportation and logistics, which will include two destinations: the cities of Mexico City and Guanajuato.
This is a tremendous opportunity for ECT to network with more than 400 international transportation logistic and economic development specialists, and to establish a strong presence in the Latin American market.
This mission will take place in parallel with the presence in Mexico of the Prime Minister of Quebec Mister Jean Charest who will participate at the conference North America's SuperCorridor Coalition (NASCO), on June 4th, 5th and 6th, 2008 in Guanajuato.
NASCO is a non-profit organization that exists to bring together the public and private sectors, along a common corridor, to attempt to solve critical problems in innovative ways which maximize the efficient use of our existing resources, make better use of critical diminishing funding for transportation infrastructure, and employ technology along our existing infrastructure to improve security.
For more information on NASCO go to http://www.nascogto.com/
MDEIE supports economic development, innovation and export trade, as well as research, particularly by encouraging coordinated and concerted action among the various players in the economic, scientific, social and cultural areas in order to promote job creation, economic prosperity, scientific development and sustainable development in Quebec.
BELL MICROPRODUCTS, INC. (OTCPK: BELM)
Up 29.50% Yesterday
Detailed Quote: http://finance.yahoo.com/q?s=BELM.PK
Bell Microproducts is a leading international, value-added distributor of a wide range of high-tech products, solutions and services, including storage systems, servers, software, computer components and peripherals, as well as maintenance and professional services. An industry-recognized specialist in storage products, the Company is one of the world's largest storage-centric value-added distributors.
Bell Microproducts is uniquely qualified with deep technical and application expertise to service a broad range of information technology needs. From design to deployment, its products are available at any level of integration, from components to subsystem assemblies and fully-integrated, tested and certified system solutions. More information can be found in the Company's SEC filings, or by visiting the Bell Microproducts Web site at http://www.bellmicro.com.
Recent BELM News:
May 12, 2008 - Bell Microproducts Announces Completion of Independent Accounting Investigation
Bell Microproducts Inc. (Pink Sheets:BELM) today announced the completion of the independent review of certain historical accounting practices conducted by a special committee of the Board of Directors. As previously announced, the special committee was appointed to review the Company's historical accounting treatment for certain reserves, accruals and other accounting estimates reflected in its previously reported financial statements for the years 2004 and 2005 and the first two quarters of 2006. This review was in addition to the previously-announced independent investigation of historical stock option practices.
The special committee previously identified instances where it appeared errors might have been made in the Company's recording of certain reserve and accrual accounts. The Company has performed a further review and concluded that accounting errors occurred in a number of these instances. The Company has been attempting to determine the adjustments that will be required to correct these matters. As previously announced, any adjustments arising out of the reserves, accruals and estimates investigation will be included in the previously-announced restatement of the Company's financial statements. The Company currently estimates that the cumulative change to net income for the independent review period pertaining to reserves and accruals will be less than $5 million, mostly due to issues with a corresponding adjustment to be recorded either before or after the review period. The Company is continuing its work to quantify the reserve, accrual, and other adjustments in connection with the restatement. These adjustments are subject to the procedures of the Company's independent registered public accountants. As a result, the Company's estimates are subject to change.
The special committee has now concluded its investigation and has determined that accounting errors and irregularities occurred in connection with the Company's historical accounting for certain reserves and accruals, and were caused by: (i) accounting decisions and entries that appear to have been directed at achieving financial results consistent with external estimates; (ii) erroneous or unsupported judgments regarding the proper application of generally accepted accounting principles ("GAAP"); and/or (iii) inadequate supervision of employees involved in the accounting process. In order to remediate the issues identified by the investigation, the special committee has made recommendations to the Board including (i) certain finance personnel actions which have been initiated; and (ii) enhancements and changes to the Company's control environment and to upgrading the expertise and training of the Company's finance personnel. The recommendations are designed to ensure that the Company's financial statements are prepared in conformity with GAAP and to strengthen the Company's internal controls. The Audit and Corporate Governance Committees of the Board will oversee, as appropriate, the Company's implementations of the recommendations.
The special committee will continue to oversee the Company's work to determine the actions that may be required to correct the accounting for the errors and irregularities identified and to complete the restatement of the Company's financial statements to address the issues identified in the investigation.
MICRON ENVIRO SYSTEMS, INC. (OTCBB: MENV)
Up 43.00% Yesterday
Detailed Quote: http://finance.yahoo.com/q?s=MENV.OB
Micron is an emerging oil and gas company that now has exposure to multiple leases consisting of interests in 50.5 gross sections (31,945 acres) in the Oil Sands of Alberta, Canada, which is one of the largest oil producing regions in the world. Micron holds 100% interest in 4 sections, 50% interest in 16 other sections, 5% interest in 26 sections, and has a 4.17% net interest in 4.5 additional Oil Sands sections. Micron also has pending coal applications outstanding at this time covering approximately 63,000 acres in Saskatchewan Canada. Management's goal is to build the asset base of the Company through strategic alliances and independent acquisitions that will build long-term shareholder value. Management continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects. Please visit our website for detailed maps of the locations of Micron's prospects at www.micronenviro.com.
Recent MENV News:
May 12, 2008 - Micron Enviro Systems Inc. Submits Additional Coal Permits in East Central Saskatchewan Near Goldsource's New Discovery
Micron Enviro Systems, Inc.'s (OTCBB: MENV)(GERMANY: NDDA) ("Micron" or the "Company") wishes to announce that it has submitted additional coal permits encompassing approximately two additional townships (approximately 40,000 acres) in east central Saskatchewan, Canada. This would give Micron a potential claim area of approximately 63,000 acres of which the Company would have a 100% ownership of, should it be successful in the bid process. This acreage is in close proximity to a recent new coal discovery made by Goldsource Mines Inc. There are no guarantees that any of these proposed permits will be awarded to Micron.
Bradley Rudman, president of Micron stated, "It appears that this area may host a new major coal deposit. Goldsource's shares have risen from $0.30 to $5.27 in the past few trading sessions since announcing this potential new coal deposit. Micron was able to be one of the first to stake land shortly after the Goldsource discovery. We are now attempting to increase this potential land position and management anticipates adding additional prospects in the future. When you factor in this tremendously exciting prospect with our substantial land position in the Alberta Oilsands, clearly the Company seems to be turning in the right direction."
SINO FIBRE COMMUNICATIONS, INC. (OTCBB: SFBE)
Up 31.58% Yesterday
Detailed Quote: http://finance.yahoo.com/q?s=SFBE.OB
Established in May 2005, Sino Fibre Communications, Inc. is an open source company dedicated to provide international standard fiber optic backbone telecommunications transmission related sales and leasing services in China to all foreign telecommunications carriers and corporate users. For more information about Sino Fibre Communications, Inc., please visit www.sinofibre.com.
Recent SFBE News:
May 12, 2008 - Sino Fibre Signs Memorandum of Understanding With Singapore Barter Xchange
Sino Fibre Communications, Inc. (OTCBB:SFBE), a broadband and value added Internet services provider in China, announced that it has entered into a memorandum of understanding ("MOU") with BarterXchange (S) Pte Ltd. ("Singapore Barter Xchange") to sell a 15% stake in Sino Fibre's joint venture ("JV"), China Business Online Company Limited, to Singapore Barter Xchange for US$6 million. This values the JV at US$40 million of which Sino Fibre will retain a 70% stake. Sino Fibre's JV is with the China Association of Small and Medium Enterprises ("CASME"), which will explore the Chinese market and introduce e-business and provide barter trade services to Chinese small and medium sized enterprises. CASME holds the remaining 15% of the JV. The proposed sale is subject to board approval, satisfactory due diligence, approvals from all necessary regulatory authorities and a definitive agreement. CASME is administered by the Chinese National Development and Reform Commission to provide business development assistance to Chinese medium and small enterprises in China and aboard. CASME operates across China with branch offices in cities and provinces throughout the country. CASME currently has 4.5 million medium and small business members in China, and continues to grow at a rapid pace. View more at: www.ca-sme.org.
Sino Fibre and CASME have agreed to work together to take advantage of advanced international management practices to provide barter trade services for Chinese small and medium sized enterprises. Sino Fibre and CASME have jointly established China Business Online Company Limited in China, which will be wholly funded by Sino Fibre. CASME will provide the CASME brand, government and member resources to develop the business of the JV.
Daniel Mckinney, Chief Executive Officer of Sino Fibre, commented on this new business development with the Singapore Barter Xchange, "The JV will integrate the Singapore Barter Xchange's proven e-commerce software platform in English and Chinese for all CASME members to conduct their e-commerce and e-barter trading under one state-of-the-art, secured, robust network infrastructure. The JV will have two significant streams of income; firstly, through annual fees and secondly through a 5% transaction fee on all barter transactions. These transactions will at the same time create increased demand for Internet online traffic riding on our fiber optic telecommunication network, which will create a recurring revenue stream for Sino Fibre."
About Singapore Barter Xchange
BarterXchange (S) Pte Ltd, is the premier barter trade exchange center in Singapore. It offers a neutral platform for traders to trade with one another through traditional means as well as through the latest innovation in internet technology. It is basically an association of business operators and professionals who have joined together to trade their products and services. For more information about Singapore Barter Exchange, please visit www.barterxchange.com
ICO GLOBAL COMMUNICATIONS HOLDINGS LTD. (NASD: ICOG)
Up 16.67% Yesterday
Detailed Quote: http://finance.yahoo.com/q?s=ICOG
ICO Global Communications (Holdings) Limited is a satellite communications company developing an advanced next-generation hybrid media system, combining both satellite and terrestrial communications capabilities. ICO G1 is capable of supporting wireless voice, data, and/or Internet services throughout the United States on mobile and portable devices. ICO is deploying a mobile interactive media service known as ICO mim(TM). ICO mim will combine ICO's unique interactive satellite capability with nationwide coverage to deliver a new level of navigation, enhanced roadside assistance and the ultimate mobile video experience, including 10-15 live channels of premium television content. ICO is based in Reston, Virginia. For more information, visit www.ico.com.
Recent ICOG News:
May 12, 2008 - ICO Files Final Milestone Certification With FCC
ICO Global Communications (Holdings) Limited (ICO) (NASDAQ: ICOG) announced today that it has filed its final milestone certification with the Federal Communications Commission (FCC) confirming that its satellite system is operational. ICO has successfully completed two-way voice and data sessions using the ICO G1 satellite, ICO's North Las Vegas gateway, and mobile terminals. The sessions were conducted in the 2000-2020 MHz and 2180-2200 MHz bands. In addition, ICO informed the FCC that it had selected the 2010-2020 MHz frequency block in the 2 GHz MSS uplink band and the 2180-2190 MHz frequency block in the 2 GHz MSS downlink band.
"Our goal at ICO has been to unlock the value we know we have, including our spectrum value," commented Tim Bryan, ICO chief executive officer. "With today's certification we mark three key accomplishments. First, ICO has met its twelfth and final FCC milestone in our MSS licensing proceeding, thereby perfecting its nationwide MSS license. Second, ICO G1 has performed flawlessly to date, giving ICO the most powerful MSS satellite over North America. Third, ICO has selected its frequency assignments so that our ICO mim(TM) alpha trial and subsequent operations can commence later in 2008 and into 2009. With our satellite launched and operational and our MSS spectrum secured, we are looking forward to deploying these assets to deliver compelling and differentiated services for American consumers."
Launched from Cape Canaveral, Florida on April 14, 2008, ICO G1 is one of the largest commercial satellites ever deployed, and the first satellite to utilize an innovative ground-based beam forming capability, providing unprecedented flexibility in the technologies it can support. Once fully operational, ICO G1 will provide coverage to most of North America, including the continental United States, Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands.
ZVUE CORP. (NASD: ZVUE)
Up 10.81% Yesterday
Detailed Quote: http://finance.yahoo.com/q?s=ZVUE
ZVUE Corporation (NASDAQ:ZVUE) is a global digital entertainment company. Its ZVUE Network (comprised of eBaumsWorld.com, Putfile.com, Holylemon.com, UnOriginal.co.uk, YourDailyMedia.com, Dorks.com, FunMansion.com and ZVUE.com) is consistently among the top-five companies providing user-generated video online. ZVUE(TM) personal media players are mass-market priced and currently available for purchase online and in Wal-Mart stores throughout the U.S. For more information, visit www.zvue.com.
Recent ZVUE News:
May 12, 2008 - ZVUE to Host Conference Call on May 15, 2008
ZVUE Corporation (NASDAQ:ZVUE) a global digital entertainment company, today announced it plans to host a conference call on Thursday, May 15, 2008 at 2:00 p.m. PDT to provide a business update and discuss the company's first quarter 2008 financial results.
The conference call will be hosted by Jeff Oscodar, president and chief executive officer, and Tom Hillman, interim chief financial officer. Investors are invited to participate on the live call by dialing 800-257-2101. A webcast and presentation slides will be available by visiting the investor relations section of the ZVUE website at http://corporate.zvue.com/ir/. A replay will be available on the ZVUE website or by dialing 800-405-2236 and entering pass code 11114335#.
