Services
Business Services
Applied DNA Sciences, Inc. (APDN-OTC: BB)
“It is an opportunity for our company and investors to do well by doing good. What I mean by this is we can be successful as a company while using the technology to do some good, to help people throughout the world. Recently there have been many articles in the news about counterfeit and tainted products, many coming from the Orient including food products and pharmaceuticals. One area that I personally feel strongly about is the pharmaceutical market where a counterfeit or diverted product can lead to physical injury, complications and possibly even death.” - Dr. James Hayward

Exploration
Mining/Resources
Grenville Gold Corporation (GVG-TSXV, GVLGF-OTCBB, F9I-Frankfurt)
“Silveria is a rich mineralized area; it has poly-metallic vein systems. We have mapped 44 different veins. Of those, fourteen have been mined and 50% of their ore has been extracted, so we think that there is a huge amount of potential. Our resource target is between 40 and 100 million ounces of Silver based on the veins that have been stopped. We can get production out of it immediately. The previous group had not taken everything out but they have built the infrastructure, roads and tunnels.” - A. Paul Gill

Energy
Oil & Gas
Cygam Energy Inc. (CYG-TSXV)
“What differentiates Cygam from other junior companies, especially juniors that decide to conduct international exploration, is that we have a very large number of prospects. Even though these are all exploratory prospects, we have a good balance between low risk and high risk/high reward with the potential for substantial discoveries. I would say that five or six of these prospects could have the potential of discovering a field in the order of one billion barrels. It would be very difficult to find a field like that onshore North America. I was in London with our CFO in April and May (2007), when we were visiting potential investors to raise $10 million for the company and the comments that we received were “yes, you are different from other companies because you have several prospects.” If a company just has one prospect and they drill a dry hole, then it is game over. Here we have a situation where we have nine prospects at the present time and we plan to have more in the future, and that is what makes us different.” - Dario E. Sodero

Airlines
Efficiency Solutions
AeroMechanical Services Ltd. (AMA-TSXV)
“We have twenty-three airlines today that are using our technology. We have six carriers in China that have signed up that will be using our technology starting no later than February 2008. We have some large carriers like Aloha with about 30 aircraft, and very small carriers with two or three aircraft as well. There is huge interest in our product outside of North America and Western Europe. North America and Western Europe have the infrastructure to be ale to handle the majority of the data that comes from airlines. Outside of America and Western Europe there is very little infrastructure to be able to handle the older technology. Countries such as China and India are looking for ways to not invest in old technologies, but to put new technology on the aircraft and be able to build their infrastructure around the state of the art technology and we are having great success in these countries.”- Bill Tempany

Services
Specialty Eateries
Spicy Pickle Franchising, Inc. (SPKL-OTC: BB)
“Right from the very beginning, I felt that as a franchise company, we could see the number of franchise stores in the Denver market and we would be able to gain some recognition on a national level with restaurant people because the food was excellent and that is where we went. Right now, we are at 28 stores in ten states, with approximately 10 in construction. We should be at approximately 40 stores in thirteen states by the end of the year. We have a lot more franchises that have been sold behind that, which we will be looking for locations for throughout 2008 and 2009, and even throughout 2010 on some development agreements. Our vision was that we could be a very large player in the fast casual market of several hundred stores maybe more. That still is our vision today.” - Marc N. Geman

Healthcare
Drug Development Services
Analyst Interview Covering
PharmaNet Development Group, Inc.(Nasdaq-PDGI)
David Windley, Managing Director
Jefferies & Company, Inc.
‘I think investors should look at Pharmanet as a participant in a very rapidly growing space. One of the factors that I didn’t mention earlier was that in addition to the underlying growth of development spending at about 10 or 11%, an increasing percentage of that spending is being outsourced, so the outsourced industry is growing closer to 15 to 20%. Pharmanet is a participant in that industry growth. Because of their issues in 2006, they have trailed the industry averages and have the opportunity to trend up toward industry averages. They are run by a very seasoned management, with Jeff McMullen and his team, a very large part of which have been with him for years. So from a take-away stand point I would look at Pharmanet as a quality player in a segment of healthcare that is growing very rapidly on an organic basis with some opportunity to improve margins and drive earnings growth faster than revenue growth.” - David Windley

Healthcare
Drugs - Generic
Pro-Pharmaceuticals, Inc. (PRW-AMEX)
“There is a class of receptors on cells that are called lectins. These receptors recognize polysaccharides or carbohydrates. We use these lectins to help drugs penetrate into the cell. In the case of cancer cells, we actually deliver the chemotherapy into the cancer cell while avoiding healthy tissue.” - David Platt, Ph.D.

**********************************

Healthcare
Biotechnology
Lev Pharmaceuticals, Inc. (LEVP-OTC: BB)
“We are uniquely positioned to launch a very successful commercial product into a very targeted and informed patient population that is treated by a very targeted group of physicians. We are working with a product [C1 inhibitor] that has been used safely and effectively in Europe for more than thirty years to treat hereditary angioedema (HAE). We see the risk profile here at Lev to be very different from your typical biotechnology research and development company. We are a Company focused exclusively on the development of a product [C1 inhibitor] to treat serious diseases where there is a solid scientific foundation in place. We see many opportunities for Cinryze™ beyond hereditary angioedema, where we already have a significant body of scientific data to expand upon.” - Dr. Joshua D. Schein, Ph.D.

Healthcare
Drug Related Products
Medical Nutrition USA, Inc. (MDNU-NASDAQ)
“Medical Nutrition USA today is the leading liquid protein provider for people at risk in a nursing home or long-term facility where they are suffering from protein energy malnutrition or pressure ulcers which are also known as bed sores. Right now, we judge ourselves regarding our penetration into the nursing home market at approximately 20% of the nursing homes in the country. The way we are measuring our success now is to further that penetration to get into 60 or 70% of the nursing homes in the country. Beyond that, we have many markets that we haven’t captured, such as the retail market and the international market that we want to become first the standard of protein supplementation in the institutional market. We then want to take that a step further to grow the company after we become the institutional standard.” - Alan Levy

Financial
Regional – Northeast Banks
ES Bancshares, Inc. (ESBS-OTC: BB)
“The vision was to bring back some community banking to an area that has been pretty much decimated by mergers. There are not a lot of community banks in the region and a lot of people said to me you really ought to start a bank and that is basically how we got started. We have grown to about $100 million at this point in assets and we are little over three years old. Our basic approach is to try to bring personal banking to businesses and people. I can’t tell you the number of people that still say to me they went to another bank and it was very impersonal. Somebody three hundred miles away decides if you should get a loan or not and the manager’s hands are tied. People are frustrated and we started to capitalize on that.” - Anthony P. Costa

Communications
Satellite-MSS
ICO Global Communications (Holdings) LTD. (ICOG-NASDAQ)
“When I became CEO a few years ago, we had a vision for ICO to offer new and innovative wireless services that took advantage of the fact that we were building one of the most powerful interactive satellites over North America. We combined that with the fact that we had terrestrial network capabilities as well. Our original vision was to develop an innovative group of services for such a group of assets. Our vision today is the same thing but it is refined. We have come out with a product called ICO mim™ (Mobile Interactive Media) that we plan to launch next year after we launch our satellite, which is a combination of mobile video, interactive navigation and emergency calling and text messaging. The original vision was a bit broader and we have now refined it and with the help of a number of world-class vendors and world-class vendors to come and service partners, we are looking forward to getting an Alpha-trial launched next year and we will go into service next year for our mim product.” - J. Timothy Bryan

CATV Systems
(LBMH-OTC: BB)
Liberator Medical Holdings, Inc.
“We increased our September advertising budget in response to the excellent results in August, and regard this success as the beginning of an important growth phase for Liberator. ”

“…based on the response rate of our current advertising, we expect to exceed the sales dollars to advertising dollars ratio that was initially achieved at Liberty Medical Supply, Inc. for their fiscal year 1998, when they nearly quadrupled sales over the prior year...”

“To be competitive today is to understand the world of “New Media” marketing...” - Mark A. Libratore

Telecommunications
Satellite Service Provider
RAMTelcom Inc. (RTC-TSXV)
“We cover a large variety of market verticals with emphasis on oil and gas and mining, as things are going gang busters out in western Canada. We hold a seven-year satellite broadband contract with the federal government to provide satellite services into any of the 122 federal government apartments. We also serve the retail market for point-of-sale transactions, inventory control and digital signage, providing advertising to retail store chains.” - Ralph A. Misener

October 26, 2007
Basic Materials, Industrial Goods, Services, Mining, Technology, Telecom, Financial & Natural Resources

Basic Materials
Oil & Gas Drilling & Exploration
EnerJex Resources, Inc. (EJXR-OTC: BB)
“As of a couple years ago, the state of Kansas was the fifth largest oil producer in the country, yet there are 23,000 independent producers of which 5,000 account for 30% of the production. It is a very fragmented business and in the instance of this part of the country, you had folks who have 500 to 10,000 acres, and have only drilled a few wells. Therefore, it is primarily the local landowners who have made money over the years. Most of these landowners do not have the capital, have not been keeping up to date on technology and do not have what we consider operational expertise, therefore, most of these properties just sit there. What EnerJex brings to the table is our ability, now that we are a publicly traded company, to attract capital to fund the drilling operations. We also bring operational expertise and the ability to apply new technology to locate and drill for oil. In addition, we can buy these properties at relatively inexpensive prices because we are buying them at 25 or 50 barrels a day. It is small production, where the majors would not be interested at this point; it just makes a combination of facts, like a perfect storm. This scenario allows us to aggregate properties at fairly low cost.” - Steve Cochennet

Industrial Goods
Industrial Electrical Equipment
FuelCell Energy, Inc. (FCEL-NASDAQ)
“Concerns about energy costs have certainly brought a lot of attention to alternative energy as a whole - for us in particular, being the only company making large-scale fuel cells for stationery power and offering them on a commercial basis. It has really turned a spotlight to some alternatives other than things like solar power. What the marketplace is starting to understand is we need to have alternative solutions for energy. Things like solar and wind are good at what they do, but they are very intermittent sources. Solar is great when the sun is shining, wind is great when the wind is blowing, but you need something like a fuel cell that can be very clean and runs 24/7.” - R. Daniel Brdar

Services
Rental & Leasing Services
RSC Holdings, Inc. (RRR-NYSE)
“My vision was to establish RSC in a leadership position in the equipment rental industry, and doing that by establishing a consistent high level of growth and profitability. We would achieve that through a strong customer service focus. I believe we are well on our way to achieving this goal and have significantly strengthened our business. As a result, we consider ourselves to be the leader in this industry today. We are number two in size and increasing our market share. We have the highest growth rate and financial performance and the best service in the industry.” - Erik Olsson

Mining
Copper
Copper Mountain Mining Corp. (CUM-TSXV)
“The vision of Copper Mountain is to develop into major copper producer with precious metal credits by 2010. We are going to do that by developing an open pit operation that will produce plus a hundred million pounds of copper per year in British Columbia. In addition, we are also going to investigate the potential of identifying a deep major copper-gold porphyry deposit at depth that could provide for an even larger project down the road.” - Rodney A. (Rod) Shier, CA

Technology
Business Software & Services
CSP, Inc. (CSPI-NASDAQ)
“We are a strategically focused, multinational, technology company. We have been in business for forty years and we envision a bright future as a leading supplier of dense and rugged, high performance cluster computer systems and cutting-edge IT integration solutions.” - Alexander R. Lupinetti

*********************
Technology
Sectors: Technology, Media
Voyant International Corporation (VOYT.OB-OTC: BB)
“The vision for Voyant is to address the intersection of two worlds: the media and content world on one hand, and the technology world on the other. In that intersection, we believe that there is an enormous amount of value that can be created, and we think it is an underserved part of the market. The idea is to apply innovative technology to novel media content, thereby addressing significant horizontal applications for those combinations. This way, we touch the entire content value chain from content creation and aggregation to content distribution, content processing, and content experience by the end user. If you look into the background of our team, you’ll see that we are well suited to exploit and bridge this content/technology gap in order to create value for our shareholders.” - Mr. Dana R. Waldman

Technology
Wireless Communications
Broadcast International Inc. (BCST-OTC: BB)
“Broadcast International has recently developed a new technology for doing video compression. We are able to compress video down to about a quarter of the size and bandwidth as our competitors are doing today because of this new patented technology we have recently deployed. The technology, called CodecSys, uses multiple codecs for video compression instead of a single codec which is the standard in the industry today.” - Rodney M. Tiede

Technology
Fiber Optic Systems Technology, Inc. (FOX-TSX Venture)
“We have reorganized FOX-TEK completely to build it on a solid foundation. We now have a strong executive team and a strong management and board. We have had repeat clients, and a very focused business strategy. We have put on the back burner the research part of the business and we are now in full commercialization. We are addressing a large and growing market and the company is in a very good financial position. We have no debt at all.” - Dr. Essam Zaghloul

Telecomm
GPS
Hemisphere GPS Inc. (HEM-TSX)
“Hemisphere GPS, is the market leader with very significant growth potential in the areas of agriculture, air, and marine. We are well positioned with our existing and new products and market disruptive technologies we are bringing to market. We also have very strong scaleable financial business model and projections of 20% growth in 2007.” - Steven Koles

Financial
Regional – Mid-Atlantic Banks
Yadkin Valley Financial Corporation (YAVY-NASDAQ)
“I think every bank concentrates on customer service, we do too. But I find a genuine hospitality in our banks; it is not reading from a page in a book that says this is what you do and this is how you treat the customers, it is just genuine hospitality. We have a core value at our bank that the customer is the first consideration in everything we do.” - William A. Long

Financial
Credit Services
FundsTech Corp. (FNDS-OTC: BB)
“Fundstech Corp is in the financial services sector that provides prepaid debit cards focused to the over one billion working population worldwide who do not have a bank account. This market is estimated to be in excess of $100 billion annually. We serve this market with our FundsTech cash card, which is the visa MasterCard debit card. We go after employer groups, which allow the employer to replace payroll checks for their unbanked workers; in addition, it allows employees to use our Fundstech cash card where they now have to pay their employees in cash. About 50% of the people who work today still get paid in cash. The Fundstech cash card also allows for domestic and international transfer of money, which replaces the Western Union model, which is a market, also estimated to be over $100 billion annually. The Fundstech cash card can be used anywhere in the world that accepts MasterCard or Visa. Other services include gift cards, bill pay, prepaid cellular and the list goes on. It is just a prepaid MasterCard or Visa card. Our initial focus is on the unbanked large working population.” - David Fann

Natural Resources
Drilling Services
Precision Assessment Technology Corporation (PDT-TSX)
“Our principle services are environmental assessment services, and by that I mean we do soil borings in drilling to analyze underground contamination for a variety of clients, including the federal government, state governments, and large industries. We also set environmental monitoring wells at various depths so that our clients, over a period of years, can take water samples from underground and assess whether pollution is being mitigated, expanding, or whether it even exists. We also provide geotechnical services meaning that we take underground samples so that clients can analyze the lithology and the stability of soils for setting foundations for buildings, bridges, and other infrastructure and development projects.” - John Spisak

October 12, 2007
Financial, Services, Healthcare, Technology & Exploration

Financial
Regional-Southeast Banks
Community National Bank of the Lakeway Area (CNLA-NASDAQ)
“We just wanted to be a local, friendly, back to the old way of banking kind of bank and that is what we have done.” - Samuel F. Grigsby, Jr.

Services
Business Services
On2 Technologies, Inc. (ONT-AMEX)
“Our vision for On2 Technologies is formed around the mantra of ‘any video, anywhere’. This is something we have been doing for some time, but now it is a mainstream industry trend. What this represents is that we enable any video to be delivered anywhere, meaning to any device, for any application, over any network. What is happening with video today is that consumers want to view video on their PC, TV, mobile phones, and portable devices --basically any device. New and established media companies are launching services to offer download and streaming services, but also traditional broadcasters are embracing new mediums to reach a wider spectrum of users. We call this convergence or cross platform applications, but the reality is that there is a sea change underway in the video industry. We have been involved in such cross platform video since early days of the company, by applying our technologies for multiple applications, device and delivery platforms. It is therefore in our DNA, in a manner of speaking, to bring solutions and innovations to this transformation that is going on in the industry. We provide everything from core video compression technology to tools, and system solutions, and are building our company’s operations around this capability to deliver any video, anywhere – in the most efficient, easy and affordable way for our customers.” - Bill Joll

Healthcare
Biotechnology
Cleveland BioLabs, Inc. (CBLI-NASDAQ)
“We have a platform approach, unique compound sources, and a plethora of advanced applications. Investors have both long-term value, and short term catalysts to grab their attention.” - Michael Fonstein, Ph.D.

Technology
Internet Information Providers
Global Sources Ltd. (GSOL-NASDAQ)
“In October, we are launching the next generation of our flagship online marketplace at globalsources.com. The site will offer buyers two major advantages. First, it is a vertical search engine, which will deliver the largest selection of export suppliers and products anywhere on the web. Secondly, it will enable buyers to identify ‘verified suppliers’ who have all been pre-qualified through face- to- face visits and capability assessments.” - Merle A. Hinrichs

Technology
Business Software & Services
TRX, Inc. (TRIX-NASDAQ)
“We are a global software and technology company processing transactions, reservations and data from companies around the world. We are a behind-the-scenes player; kind of a ‘Switzerland’ in the industry, so the end-traveler on Expedia.com or the corporate travelers at a company like IBM never knows that we exist. However, in fact we are processing their tickets and credit cards, sending them emails, and handling all the behind-the-scenes technology work on behalf of the large travel brands. Our vision for the company is a growth and technology company, a behind-the-scenes hosted software company with all the processing taking place in Atlanta with service operations in the US, Europe, and Asia. We have a great vision and passion for where we can go with the company in the travel industry and other industries in the future.” - Norwood H. Davis III

Financial
Regional-Pacific Banks
California Oaks State Bank Corporation (Thousand Oaks) (COSB-OTC: BB)
“I felt this was a nice fit for me in that I have been able to add discipline to a sales culture and grow things. From my standpoint they have done a lot of things here at California Oakes and the one piece that they are missing is the sales culture, which is something that I feel I am really good at.” - John A. Nerland

Exploration
Metals/Mining
Great Western Minerals Group Ltd. (GWG-TSXV)
“The Great Western vision is to become the leader in the Rare Earth industry outside of China, by developing our Hoidas Lake deposits and becoming a fully integrated mine to market Rare Earth company. We are using our facilities that we own in Troy Michigan as a value-added, and to create an alternative for all Rare Earth users; an alternative to what is now a totally monopolized Chinese market place.” - James B. Engdahl

Exploration
Oil & Gas
Mogul Energy International, Inc. (MGUY-OTC: BB)
“The properties Mogul is currently exploring are both in close proximity to proven reserves and have never been drilled before in Egypt and Canada. We have strategically positioned the Company in two of the most important oil rich regions in the world, with favorable track record that we believe increases our chances for success. With oil and approximately $70/ barrel, there is significantly heightened interest in oil and gas exploration in the marketplace. We believe this backdrop has made "small-cap", such as Mogul attractive investment opportunities.” - Mr. Naeem Tyab

September 28, 2007
Transportation, Services, Healthcare & Financial

Transportation
Technology Systems
RailPower Technologies Corp. (P-TSX)
“We are replacing 50 year old technology. If you replace a 10 year old automobile with one of today you would gain a few percent in terms of emissions, because it is slightly cleaner. However, if you replace something that is 50 years old, you gain a lot and in addition, the old single engine runs all of the time, whereas with our locomotives we have 3 engines and there is a very sophisticated computer and software that powers them only when they are needed. Most of the time you can do the work with 1 or 2 engines and sometimes you may start the 3^rd one, but may not need it. Therefore, that makes the locomotive much more fuel efficient and much more friendly for the environment.” - Jose Mathieu

Services
Security & Protection Services
Cornell Companies, Inc. (CRN-NYSE)
“The vision was that this was a company that had very strong operations, but had been unable to translate that into business success and as a result we were lagging our industry and the expectations of shareholders. My vision was to restructure the company to perform at a higher level.” - James E. Hyman

Services
Security & Protection Services
Sentry Technology Corporation (SKVY-OTC: BB)
“We have a wonderful base of large customers that are recognized market leaders and innovators in applying security technology. The successful introduction of SmartTrack™ with the world’s largest retailers is driving business with prospective customers in all sectors.” - Peter L. Murdoch

Services
Business Services
Environmental Service Professionals, Inc. (EVSP.OB)
“We know about mold and people have heard about the stories and how mold may affect our health, but most people do not realize the seriousness of how it affects several industries. I look at these industries, the stakeholders and I will point out who they are. We have the mortgage banking industry, the building industry, the insurance industry, the real estate industry, and most importantly, we have the consumer. Those are the five stakeholders that are affected by moisture mold issues and all have a vested interest together. When I started about two years ago looking at whether or not to take this company public, I looked the industry and I realized it was very embryonic and fragmented. There was no one out there who was leading the pack as far as policy or protocols. That is when I realized that it was time to craft a solution and develop a protocol to benefit all stakeholders. That was the most important component.” - Edward L. Torres

Healthcare
BrainStorm Cell Therapeutics Inc. (OTC BB: BCLI)
“Many things make our research different. First, in adult stem cells we are probably one of the leading companies in our industry worldwide who is currently in the R&D stage. We are not well known in the US, but our management has improved greatly since July (2007). We have attracted world-class leaders to our advisory board and to our board of directors as well. We just recently announced Doctor Jonathon Javitt from Washington D.C., as the new director of our board. We believe that, through adult stem cells, we will be the first to have a treatment to many diseases.” - Chaim Lebovits

Healthcare
Specialty Pharmaceutical
Aradigm Corporation (ARDM-OTC: BB)
“My vision was to turn Aradigm into a leading company treating severe respiratory disease in the US. That was the vision that the Board and I discussed before I came here. I was very excited to be able to come and implement the vision and turn it to a mission to become such a company.” - Igor Gonda, Ph.D.

Financial
Commercial Banks-Southern US
First Capital Bancorp, Inc. (FCVA-NASDAQ)
“The team goes beyond First Capital Bank associates. The team encompasses and embraces the clients, the shareholders, the community. Success is often simply driven by financial perspective. We do not forget that, we know that. We want success from a financial perspective and we are committed to achieving that. At the same point in time, we want success from integrity in the marketplace, and from a client experience that makes them feel comfortable that they have a partner in their world to help them achieve that which they want. We strive to have a shareholder base that feels on the team,  that is not only being financially rewarded, but also likes being part of this group. I am proud to be associated with what this bank does in the marketplace. We know that First Capital Bank is out there trying to help this community rise to another level. In those ways, “where people matter” ways, if the people find that they feel like we do matter, this bank becomes a partner to people reaching objectives.” - Robert G. Watts, Jr.

September 14, 2007
Manufacturing, Services, Healthcare, Industrial Goods, Technology, Financial, Exploration, Consumer Goods & Energy

Manufacturing
Construction-Commercial, Government & Residential
Alternative Construction Technologies, Inc. ACCY.OB
(AMEX Application made, proposed symbol: SIP)
“We envision becoming a global supplier of e-friendly, energy efficient, safe and healthy buildings and building materials that improve the economics of construction and home or building ownership. We have changed our name to Alternative Construction Technologies in order to address more widely the positive changes in the construction material world and the ever-growing dynamics of earth friendly and energy efficient consumerism. Our vision is to become a vertically integrated provider of alternative building materials and the components that add up to a very safe, healthy, energy efficient and economical home. The economics are designed to work NOT ONLY for the homeowner but also for the builders that choose to use them. So we have changed our name and our disposition in order to more directly pursue this vision.” - A.J. Francel

Services
Consumer Services
Plastinum Polymer Technologies Corp. (PLNU-OTC: BB)
“The big issue with recycling electronic equipment is the fact that plastics, which is about 25-30% of the product is not completely recyclable with today’s known technologies. It is also the only material within the waste stream that is not being recycled. The mixed plastic waste stream is a very complex stream of material that consist of up to 10 different types of (mainly incompatible) thermoplastics, conventional separation technology are maybe effective for 30% of these streams, while Plastinum’s process is up to 95% effective. Conventional recyclers that depend on separation, need stable clean individual polymer streams in order to process an acceptable commercial product, these processing systems are not tolerant. Plastinum’s system however takes the stream as a whole and can accept variation in the stream, as long as it is thermo plastic, this is a major advantage to the WEEE processors too as they will now be able to recycle the complete WEEE stream, instead of having to export or landfill.” - Jacques Mot

Healthcare
Medical Appliances & Equipment
Dynatronics Corp. (DYNT-NASDAQ)
“The good news is that we have acquired six of our best distributors. This will increase our sales by about 80% and positions us to be very competitive in our market.” - Kelvyn H. Cullimore Jr.

Industrial Goods
Antimicrobial Services
American Mold Guard, Inc. (AMGI-NASDAQ)
“American Mold Guard started out as a mold prevention service company. When the Company went public in early 2006, the new construction market was on a growth trajectory. As this market slowed, our Company saw the opportunity to expand into new markets. What we quickly began to understand is that we are an expert in antimicrobial surface coating. We have treated over seventy million square feet of surfaces since our inception and we saw the need for antimicrobial surface treatment in healthcare facilities such as hospitals, surgical centers and nursing homes to help keep surfaces germ free for prolonged periods. The real vision for American Mold Guard and AMG Scientific is to continue to be the leader in antimicrobial surface coatings in multiple markets.” - Paul Bowman

Security/Business Equipment
The Banker’s Store, Inc. (OTC: BSTR.OB)
“Last October, CFO Sam Stone and I came on board to grow the company through mergers and acquisitions of like or similar companies in this industry. We have a lot of experience in this industry. So far we have interviewed a number of acquisition candidates and have at least a couple of them ready to go once we get the funding to do so. We have identified approximately forty companies in this space that would be candidates for us to acquire. As far as moving along, we are very satisfied at this point with our progress and just looking for the funding in order to accomplish our vision.” - Vince Buckman

Technology
Analyst Interview Covering:
Ansoft Corp. (Nasdaq-ANST)
Bradley L. Mook, CFA, Boenning & Scattergood, Inc.
“Right now they are seeing growth from a number of areas. The technology becomes increasingly important as the world continues to move in that direction. Specifically we are seeing it from automotive with the increasing electronic content in cars, in particular hybrids. Consumer electronics companies are using their design tools and there is a lot of strength out of Asia right now for some of the consumer electronics applications. Just last quarter they said that wireless infrastructure equipment is making a bit of a comeback. There are various pockets that are driving the strength now but in general it tends to be broad based.” - Bradley L. Mook, CFA

Services
Management Services
GlobalOptions Group, Inc. (GOPG-OTC: BB)
“In the Main as one measures the kind of things that are important in the world that we live in, it is just not a terrorist threat, but the day-to-day business activities and how you ensure the success of what you are doing as a family, government agency or others. I think the most important thing that we have is we are somewhat immune to the other kind of factors that might affect businesses and that is that we are in the disaster preparedness business, and recovery business. When those kinds of things happen and there has been an average of one natural disaster in the United States a week in the last ten years, we are there to serve and we will continue to serve.” - Harvey W. Schiller, Ph.D.

Services
Consumer Services
CornerWorld Corporation (CWRL-OTC: BB)
“The vision of CornerWorld is to be a destination portal for all types of content creators, whether those content creators be comedians, musicians, artists, videographers or photographers. Whatever that content creator is, it is a destination for them to promote and sell their content through the internet. It is also a social networking portal, so it is not just a place for professional creators but a place for amateur creators to share their pictures, music and videos that they have taken of their family members and what have you. It is kind of an amalgamation of what is best right now in a forward-looking type site of where things are to come.” - Scott Beck

Industrial Goods
General Building Materials
AAON, Inc. (AAON-NASDAQ)
“We have been at the forefront on the new refrigerants. We have been on the forefront of just the generalized upswing in how we have manufactured heating and cooling more efficiently. We also are working diligently on the moving of air because many times the energy cost to move the air exceeds the energy used to heat or cool the air and yet that has not been to the forefront in our industry and it is at the forefront in our company. We have gotten 20 to 30% improvement in efficiency in moving air in the way we do compared to what is typical in our industry. Those are the big issues of the day.” - Norman H. Asbjornson

Industrial Goods
Waste Management
Commodore Applied Technologies, Inc. (CXIA-OTC: BB)
“At Commodore, the technology side is really where the gold ring opportunities lie, because this can generate gross margins in excess of 50%. The solvated electron technology, SET, is quite simple and we have full patent rights on it; seventeen patents, domestic and international. The process is simple. You take anhydrous ammonia and mix it with elemental sodium, which produces a solution of a sea of free electrons. To this solution, you add hazardous waste that you are trying to neutralize. The SET process reacts instantly with the waste without any additional heat. The alternative waste treatment technology is incineration. This causes bad stuff to go up the smoke stack. However, the SET technology does not have a stack or emissions of any kind. One of the most salient features is that the SET technology is designed to be mobile; the only one with a nationwide portable EPA permit. Most importantly, the SET process is very economical. The alternatives treatment technologies for treating certain types of hazardous waste range from $30 to $104 dollars a pound. Our cost basis is about $4.00 a pound, so we have plenty of margin that we can bring to the bottom line.” - Shelby T. Brewer, Ph.D

Financial
Regional – Pacific Banks
California United Bank (CUNB-OTC: BB)
“The one thing that characterizes us in terms of products and services, even though we are a small bank in terms of asset size, we have developed all the technology and cash management products that allow us to compete with the bigger banks. Most of our new business, maybe 95% comes from larger banks. We have the best of both worlds; we have the professional and technology capabilities of a much bigger bank, but we have it wrapped inside a smaller, warmer, more independent bank. It is a great combination. The products that we offer resemble more of a big bank in terms of sophistication.” - David Rainer

Exploration
Metals/Mining
Columbia Yukon Explorations Inc. (CYU-TSXV)
“The location of the Storie Molybdenum Deposit, which we just acquired, is excellent; it is right off the highway, close to infrastructure and people. The fact that it is already a developed situation although currently historical, but soon to be put into the national 43-101 compliant resource. Its upside potential as far as the Crone Fault zone itself is open in three directions, so we believe this thing is big and can be a lot bigger.” - Ronald A. Coombes

Consumer Goods
Beverage
DC Brands International, Inc. (DCBI-OTCPK)
“Anyone that tells you that caffeine and sugar are not the biggest part of an energy drink is lying to you. Those are the basis for it. The difference between a highly caffeinated soda and an energy drink are the vitamins and the way that you formulate the drink. There is a lot of B12, and B complex vitamins. In our energy drinks we put several different elements in there that help the product deliver a more stable energy boost so that you do not get that extreme sugar drop-off like you do with a lot of the other brands that are pretty much just sugar and caffeine. There are a lot of vitamins that go into the brand to be able to maintain the energy level you have; you will get a good three or four hour energy boost out of it and you do not crash at the end the way you do with some of the others.” - Richard Pearce

Energy
Oil & Gas Exploration
Northern Oil and Gas, Inc. (OTCBB: NOGS)
“The officers of the company do not draw salaries. Our objective is to generate significant production revenue through our current drilling partnerships on our extensive leaseholds and limit our capital expenditure to drilling and acreage acquisition.” - Michael Reger



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Technology
Globecomm Systems Inc. (GCOM-NASDAQ)
“We had to go and reinvent ourselves on a regular basis and we have been doing so ever since. Therefore, now we are in a lot of different projects; we build broadcast centers for IP television, we have a service company that provides direct-to-home service, provides video services, voice over IP and data services, we do logistic support for our customers. We build complete networks for customers that include a project that we finished in Afghanistan for our nationwide network there. We have a Voice over IP service we provide. We work on cellular back haul, so we do a lot of different things rather than just provide satellite earth stations. Our vision is to keep reinventing ourselves and supplying products and networks that has some sort of satellite component in them. Our advantage in providing them is that we are experts in IP via satellite. IP via satellite is becoming the method of choice of delivering every kind of media and telecommunications services by satellite.” - David E. Hershberg

Consumer Goods
Cleaning Products
SpongeTech Delivery Systems Inc. (SPNG-OTC: BB)
“SpongeTech is a company that just started trading here in 2007. We developed with Dicon Technologies a technology that allows an item that looks like a sponge, but is actually foam and is a delivery system. Therefore, where people used to use bottles in a carwash or cleaning products, they can use this foam sponge to wash their car up to ten times with this single application use. In addition, products can be rolled out in many different categories for your home. It is bio-degradable so it helps the environment. We feel this is going to be the wave of the future. Everybody in the world when Swiffer came out was looking for something easy to use. This is the next easy-to-use product with multi-use; it is 99.9% bacterial free. The sponge only allows liquid to get out, it does not allow it to get back into the sponge.” - Steven Moskowitz

August 31, 2007
Services, Basic Materials, Healthcare, Financial, Manufacturer, Industrial Specialists & Technology - 10

Services
Business Services
Data Call Technologies, Inc. (DCLT-OTC: BB)
“Digital signage replaces television. Television has not been changed in fifty years; well, maybe the box that displays it; whether it be color, or now they are plasma and LCD. These are large screens as well. Actually, television is finally changing and I am proud to say that Data Call is on top of the industry. Data Call is just going to get bigger and bigger.,,, TV was the last thing to be changed; well now it has. With the networks, you could never control data on your TV; you were forced to look at what they thought you should look at. With Data Call, and our partners, we have changed that. Utilizing television for the benefit of your business absolutely makes sense.” - James Ammons

Basic Materials
Precious Metals Exploration
Hemis Corporation (HMSO-OTC: BB)
“Hemis is an exploration company, founded two and half years ago. We had a vision to establish an exploration company with a base in Europe because of our excellent position to raise money here. The operational activities are in the US, Canada and Mexico. Our main focus was and still is to establish a company or different companies within the Hemis Group and gradually, as these mature have different spin-offs. Our goal is to achieve a combined market cap of approximately $1 billion US including all companies and participations. We decided to found HEMIS as we anticipated a turn up of the energy and minerals markets in the long-term. Three years ago, we thought that this market would out perform any other market for the next 15 to 25 years.” - Bruno Weiss

Healthcare
Biotechnology
Helix BioPharma Corp. (HBP-TSX) (Frankfurt WKN 918864)
“Our goal is to bring truly unique and exceptional drug products to market, which will thereby distinguish Helix as a leader among its peers and competitors. With each of our two drug development initiatives presently underway, we have products designed to address major unmet medical and market needs. We believe that we represent innovators and leaders in the development of treatments for precancerous cervical lesions and lung adenocarcinomas.” - Donald Segal, Ph.D.

Financial
Regional – Mid-Atlantic Banks
AmericasBank Corp. (AMAB-NASDAQ)
“Small professional companies will bank with a bank like AmericasBank because they can sit down with the actual decision maker, someone with the experience and knowledge to understand the simplicity or complexity of their particular situation, and together tailor a customized solution to meet their specific needs. Both the bank and the client have an opportunity to build a relationship; the people you saw yesterday are the people that you will see tomorrow, the people you saw last year are the people you see can expect to see next year. It’s dependable, it’s comfortable, and it’s productive. And it’s the kind of relationship that small professional services customers can’t find at other banks.” - Mark H. Anders

Financial
Regional – Pacific Banks
Community Bancorp (CBON-NASDAQ)
“I think the opportunity to own a part of a several billion dollar banking company in the high-growth markets of Las Vegas, Phoenix and California; the three markets identified as the fastest growing counties in the United States for not only population, but for employment. We have always believed that our driving force isn’t necessarily just population, it is the reason for the population growth and that is job growth and employment. The more jobs we get, the more people come in, the more prosperity we see within our own institution and our communities. In any community bank no matter what size, it is a reflection of your community and our community is still strong, robust and growing and that is what we want to continue to do in those outlying markets as well.” - Edward M. Jamison

Manufacturer
Screening Technology
Valley Forge Composite Technologies, Inc. (VLYF-OTC: BB)
“It is a project that brings technology from the former Soviet states; in this case, Russia’s Lebedev Physical Institute to the United States and partners the US Department of Energy, Lawrence Livermore National Laboratory, with the top laboratories in Russia to improve US national security. We are the commercial entity in that program, which is to be used to look into cargo containers, inspect airline cargo and to do it very quickly and a whole lot more thoroughly than what is done currently.” - Louis J. Brothers

Industrial Specialties
Landec Corporation (Nasdaq - LNDC)
“Landec is a material science company and that is our unique position in the world. We have specialty polymer materials that we are applying to several businesses and our vision is to continue to apply this proprietary technology to areas that we have identified as growth markets. We look for convergences. For example, our food business is focused on a consumers’ desire for fresh produce that is more nutritious, already prepared and ready to eat. This is an opportunity that we think is unique for us because we can provide packaging that extends the shelf life of produce up to 17 to 20 days. We also have unique opportunities in the agricultural space where we have a collaboration with Monsanto Company (NYSE-MON). We coat various types of seed with polymer coatings, which delay germination of the seed until the soil reaches the optimum temperature. Farmers benefit from more flexibility in planting the seed during a wider planting window, effectively lowering costs and potentially increasing yields.” - Gary T. Steele

Financial
Community Bank
First Commerce Bancorp (CA) (FCCC-OTC: BB)
“What we provide is relationship banking. Every account in our bank is assigned an account officer, usually a back-up account officer as well. Our customers can pick up the phone and talk to a live person without going through an automated telephone system. We pride ourselves on having a quick turnaround on loans, with 24 to 48 hours for an answer back on a loan request. We are a business bank and our lobby rarely has a line in it.” - Ms. Wendy Moskal

Technology
Technical & Systems Software
Innova Robotics & Automation, Inc. (INRA -OTC: BB)
“We are sitting here as a company with a piece of software that can run virtually any kind of mechanical device, interrogate virtually any kind of a limit switch or whatever. What people need to understand about our company is where we are with robots, what the real possibilities are and when you invest in a company like ours you are in the real world.” - Walter Weisel

Services
Computer Wholesale
ScanSource, Inc. (SCSC-NASDAQ)
“We started the business in 1992 with domestic point of sale and bar code; that business is still growing for us today. We entered into the communications business, which at the time was voice only in 1997, now communication is more than voice; it is video and data also. In late 2004, we entered into the security market. Those businesses domestically are growing, but also our international business is growing significantly. For example, in the March quarter on an exchange rate adjusted basis, our international business grew 32% quarter over quarter and the company overall grew 21%. In addition to international business’s growth, our security business, which we entered into in 2004, is showing good results. The businesses we have been in for a longer period are still showing good strong growth. We have grown faster than the overall market in each of the three technology product areas of AIDC/POS, communications and security.” - Richard P. Cleys

August 17, 2007
Mining, Financial, Energy, Metals/Mining, Biotechnology, Basic Materials & Technology

Mining
Mineral Exploration
Panoro Minerals Ltd. (PML-TSXV)
“Panoro has just recently gone through a major change in having made a very significant acquisition. Our vision for Panoro is to take it from here into the preproduction and production stages on the basis of the portfolio of projects we have just acquired. We closed this acquisition in June (2007) and we are in the process of implementing the work programs.” - Helmut H. Wober

Financial
Commercial Bank
First Sound Bank (FSWA-OTC: BB)
“Steve Shaughnessy and I both came from the big banks and we both had extensive experience working for large financial institutions. We have been through multiple bank mergers in our 27 to 39 year banking and finance careers. We recognized there was a niche in this market that needed help getting through some of those mergers that are difficult for the business customers to cope with. We are offering our services in the commercial banking market, helping businesses improve their bottom line. They might find us to be good people to bank with, but they want to see that there is a financial advantage to bank here as well. Typically we offer a very substantial financial advantage for banking with First Sound Bank.” - Don L. Hirtzel

“What might not jump off the page is that we are a business bank. When people look at community banks and you are a state chartered bank there is a connotation of being a “community” bank, it really does not jump off the page that we have a business specialty emphasis. Many people give lip service to being a small bank; therefore, they are friends of business. We challenge you to find one, other than First Sound Bank, that does not have greater than 75% of its earning assets in real estate secured transactions. They are real estate banks primarily and a business bank secondarily. We are on the inverse and that is probably the single biggest differentiator of what we are doing. To be a business bank, we have to be cash management consulting experts, we have to provide services for businesses that are like the large bank but with a custom feel of a small bank. To that end, those are things I do not believe that community banks are particularly steeped in, whether in their practices or in their experience.” - Steve Shaughnessy

Financial
Savings & Loans
Roma Financial Corporation (ROMA-NasdaqGSM)
“We have a plan in place. Over the past four years, we have opened 3 branches, growing from 6 to 9 branches. We intend to add 3 more within the next two years. So, we are not branching indiscriminately. Our existing marketplace has become intensely competitive and it compels us to look for demographics, which are conducive to gaining market share. We also closely follow the migration of our customers in evaluating location opportunities. Our business plan, which supported our public offering, identified our branch expansion goals. We are following that plan closely. Geographically, we intend to expand to the south and east because these areas of our state hold the best promise of population growth.” - Peter A. Inverso, CPA

Financial
Merchant Transaction Processing
1^st Global Financial Corp. (FGBF-OTC.PK)
“Our focus is to provide financial solutions as far as credit card processing and anything to do with the electronic movement of money. We offer payment processing, financial institutions to subsidiaries. We have credit and debit card acceptance, a check guarantee program, check verification, check conversion, payroll services for large corporations like these large corporations or rubbish companies that monthly bill their customers. We provide point-of-sale terminals to merchants to process credit card transactions. We provide leasing for those terminals and also we provide working capital for the merchants throughout the United States. We have a garage and if you need a diagnostic scope for $20 thousand, we advance them the $20 thousand and then we remove it out of his credit-card processing settlement, daily or weekly, whatever he chooses.” - Mr. T. A. Gillis

Financial
Regional – Midwest Banks
Mercantile Bancorp, Inc. (MBR-AMEX)
“At Mercantile Bancorp, we consider ourselves a company of community banks with a unique approach in that not only do we own and operate a group of core banks, mostly Midwestern, we also try to bring value to our ownership by investing in community banks in parts around the country that we feel like have quality bankers and markets that have real growth potential; generally those are start-up or de novo banks.” - Ted T. Awerkamp

Energy
Green Technologies
EnerBrite Technologies Group, Inc. (ETGP-OTC.PK)
“What I would like to see people take away is that there are companies like ours out there that are environmentally aware and that are bringing to market products that respond to some of the problems that we are all facing today.
I’m not an automobile manufacturer, so I can’t make a car that runs on corn oil. However, we are offering technologies that allow people to save energy and help the planet while still living in a comfortable environment. That is what I want people to understand about EnerBrite.” - Edward Herbert

Energy
Biodiesel
TexCom, Inc. (TEXC-OTC.PK)
“We announced two weeks ago that we sold our interest in our Houston Biodiesel, LLC project to our equity partner. The reason for that relates to your question to me and that is that we are not the majority owner. We are a public company and want to be able to consolidate financials on any investments that we have in mind. We learned from that experience; how to develop projects, get them funded and underway, how to negotiate the necessary contracts. We are using that knowledge now. We gained a great deal of knowledge from that project and will redirect our management activities and our funding to projects in which we will have majority ownership.” - Louis A. Ross, Ph.D.

Metals/Mining
Gold Producer
Peak Gold Ltd. (PIK-TSXV)
“We are focusing on becoming a mid-tier gold producer by acquiring producing mines with an annual production of 100 to 200 thousand ounces. Our Peak Mines in New South Wales, Australia and Amapari mine in Amapa State, Brazil help us achieving that. The second thing is that the management of Peak Gold wants to add value to our shareholders also by upgrading and producing more from these two assets.” - Julio Carvalho

Metal/Mining
Diamonds
Tres-Or Resources Ltd. (TRS-TSXV)
“This funding that we are taking into the company now is coming from funds and those funds do a lot of due diligence and homework on the projects and their prospects. With that in mind, Tres-Or’s projects and project holdings have very good merit and it is a very good area. There will be new discoveries and I am sure there will be diamond production from the Timiskaming and Temagami areas, whether it is Tres-Or or one of its competitors or the First Nations direct. There is economic potential in the region and we just need to explore and find it.” - Laura Lee Duffett, P.Geo.

Biotechnology
Cactus Products
China Kangtai Cactus Bio-Tech, Inc. (CKGT-OTC: BB)
“First of all the company is very much a monopoly, a leader in the sector in China. In China, food and beverage is a huge market with the population. Compared to other cultures, Chinese will spend a much higher fraction of their income on food and beverages. It is a huge sector with huge growth potential in China. We are relatively low risk. The company is vertically integrated starting from its own seeds, farmland, patents, and production. The company controls every stage. There is a higher barrier to entry. The company is very secure integrated leader in the market. There is huge growth potential and very low risk. Those are the highlights. In China, there is a traditional belief in herbs, medicinal food supplements. People in China do not have as wide a medical coverage as in the west, so people regularly take these herbal-based supplements and they perceive cactus as a green, wild natural ingredient. They already have the belief so you do not have to try too hard to educate your customers. It is well received.” - Ren Hu

BioTechnology
Electronic RFID products (VYTC-OTC: BB)
Vyta Corp (VYTC-OTC: BB)
"My vision for Vyta Corp is to-build it into one of the largest suppliers of a critical component to clean up the human food chain supply. We produce an all-natural, organic, non-toxic purified beta 1,3/1,6-D glucan product, called Agrastim® which is derived from spent brewer's and distillery yeast. It is added to the feeds of any living organism and by doing so it does two things; it builds up their immune system, makes them healthier animals and therefore better animals for human consumption.  Most importantly it eliminates the need to rely upon growth promotion antibiotics that everyone wants to get out of the human food chain supply.  My vision is to build a company that is capable of doing $100 million a year within three years." - Paul H. Metzinger

Basic Materials
Specialty Chemicals
OMNOVA Solutions Inc. (OMN-NYSE)
“We believe the real advantage long term is that we can play a consolidating role. We think there are economies of scale, and that our size and breadth really provide us with a competitive edge. We have true leadership positions – either number one or number two – that we think we can leverage in virtually all the markets that we serve.” - Kevin M. McMullen

Basic Materials
Industrial Metals & Minerals
PolyMet Mining Corp. (PLM-AMEX, POM-TSX)
“The vision is to build a mid-tier poly metallic, copper, nickel and precious metals mining company based in North America. How we get there is we own a large ore body deposit containing those metals in northern Minnesota. In the fall of 2003, just before metal prices started to take off, we were able to option a large piece of infrastructure, a crushing and grinding facility that had been operating in the iron/ore industry from Cleveland Cliffs Inc (CLF-NYSE). We exercised that option in late 2005, which gives us a lot of the infrastructure that we need to get into production. It turns the project from a Greenfields development to a Brownfields development, which is easier to get regulatory approvals to proceed with.” - Douglas Newby

Technology
Application Software
Astea International Inc. (ATEA-NASDAQ)
“Astea is a software company. We are headquartered in Horsham, Pennsylvania, which is outside of Philadelphia, but we have locations throughout the world. We develop software that is geared specifically to help companies that provide services either in the form of services to equipment or to people out in they field so that companies can keep track of their equipment in the field, service their equipment and provide better services to their customers in order to give them a competitive edge.” - Fredric (Rick) Etskovitz

“Astea is the only company that has been in the service management space for 28 years. There is probably one other competitor that maybe got into this a couple of   years after us so everyone else has either just entered into this space or has only been in it for a few years, and that is one of our core competitive differentiators. We also have extensive service management expertise. We have done over 400 implementations around the world and helped companies optimize their processes. It is really our people and professional services, with some of these people being with Astea for more than seventeen years. When it comes to helping a company with the reorganization of their business processes, streamlining their business processes, they look to Astea for advice. They want to know what are other companies in their space are doing to optimize their service businesses, what they could be doing better such as streamlining to reduce costs out and also continuing to increase revenues.” - Debbie Geiger

August 7, 2007 - Special Edition
Energy

Energy
Exploration and Production
Index Oil and Gas, Inc. (IXOG-OTC: BB)
“We get most of our work and project involvement through people we know. We call it the network, the opportunity pipeline and Alligator Bayou came via somebody we had been working with for the last couple of years. When they originally showed the prospect to us, we said it looked very interesting and that we would like to participate in it if everything works out. We had that dialogue for that period of time and when it finally became available, we declared that we were interested and it was honored. I think part of that was that our track record in the last few years – it shows that we have a good reputation in Texas and Louisiana. We try to be a positive partner in the joint ventures and I think that was one of the factors that helped us come into this world-class project.” - Daniel L. Murphy

August 3, 2007
Mining, Software, Resource, Financial, Technology, Energy, Utilities, Healthcare & Services

Mining
Exploration & Development
Houston Lake Mining Inc. (HLM-TSXV)
“Our priority is the West Cedartree Gold Project near Kenora, Ontario. The area was Ontario’s principal center of gold mining at the turn of the nineteenth century. The area has largely been overlooked with the subsequent the gold rushes in the Timmins and Red Lake areas of Ontario. We positioned ourselves early by solidifying our land position before gold started to run up in 2003 and we have since added a number of properties culminating in an announcement earlier this month with the acquisition of the Dubenski property. Now we have assembled eight adjoining properties with gold resources on three of them. We are now seeking to prove-up and expand upon these resources to justify a mill on site.” - E. Grayme Anthony, P.Geo. F.G.A.C

Software
Educational Self-Assessment
Quizam® Media Corporation (QQ-TSXV)
“We’ve been very aggressive with signing new pilot schools because this is where we learn about specific system requirements, features that make teaching easier and studying more effective. In a sense, our target market is co-creating Quizam with us. We make the changes that need to be made and are creating a product that the market is demanding.” - Russ Rossi

Resource
Uranium
American Uranium Corp. (AUUM.OB-OTC: BB)
“The second point is that our intent to become an operating uranium mining company. I know many other juniors do not necessarily have that as a goal. What is going to make that possible is our flagship uranium property in Wyoming, the Reno Creek property, which is a property that can be brought into production in four or five years. It is In Situ Recovery (ISR) amenable and has been brought to the point of full feasibility studies by at least two of the previous three corporate owners. The property was not brought into production in the past because of uranium market declines at the point that of decision-making. We do not have that situation now. We have a strong uranium market with uranium prices well above our expected full cost of production on a unit basis, so we plan to bring Reno Creek into production as soon as possible.” - Robert A. Rich

Technology
Biometrics
bioMETRX, Inc. (BMRX-OTC: BB)
“Originally, I wanted to address the potential of using biometric technology in what I call, ‘everyday life’. Biometric technology takes a human biological characteristic and transforms it into a code that becomes a personal identifier for that person. You can use your iris, your finger, your voice and even your handwriting. Historically, those applications using the technology have been strictly in the government and wide area network areas. I decided to look at the feasibility of engineering that technology into everyday products such as front door locks, garage door openers, thermostats, home alarm keypads and automobile emission systems. The company started this endeavor in late 2001, early 2002 and today we have developed three market-ready products. I always thought that this idea would attract partners, but I didn’t expect them to be The Home Depot and Masterlock.” - Mark R. Basile

Technology
Business Software & Services
Carbiz Inc. (CBZFF-OTC: BB)
“We stand out far above traditional “buy-here pay-here” dealers. With regard to our dealer clients, there are many good quality dealers that utilize our business model and run very effective businesses. Unfortunately there are also unscrupulous dealers, as there are in any other business. Sometimes the business models some of our competition is ‘lets sell a customer a car, as soon as the customer doesn’t pay for the car we will repossess it and sell it to someone else’. Their idea is to keep rolling over the car at the expense of the customer; however, that is not our business model. Our operations are standardized so they look like a franchised operation, they are neat, people are in uniforms and they are well trained. All of our store managers are college graduates; our personnel have standardized policies and procedures. We measure customer satisfaction and we do all the sort of things at a Carbiz lot that customers come to expect in a new car dealership. Therefore, it is a very professional and respectful methodology and that is one of the reasons we have such a high customer satisfaction rating.” - Carl Ritter

Energy
Ethanol
Colusa Biomass Energy Corp. (CLME-OTC: BB)
“Our view is that the ligno-cellulosics ethanol production is the transportation fuel of the future today. The reason I say that is that every night on the five o’clock news we see the incidence of transportation fuels being more and more expensive. Every time we here of some sort of scare around the world, the American gasoline buyers pay more at the pump. When we can take biomass waste and in our case, rice straw, and other cereal straw and convert that to fuel ethanol, it provides a phenomenal relief for the solid waste handling by providing a viable option for some agricultural wastes. What do is create a second revenue source for the agricultural producer because his waste can be turned into an income stream. By processing these wastes Colusa Biomass has a well defined business based upon the transportation needs of the United States. The need for transportation fuels will continue to grow. The less fuel costs more miles will be driven. As the population grows there more the people are driving and demand increases. All of these conditions blend together to create a very good business opportunity for Colusa.” - Thomas Bowers

Utilities
Diversified Utilities
Commerce Energy Group, Inc. (EGR-AMEX)
“If you think about the traditional utility model, the utilities have offered a one-size-fits-all product. Utilities get to pass their costs along to the customer. The customer has absolutely no choice in the matter. What we do is provide choice, as well as several different types of products.” - Steven S. Boss

Healthcare
Medical Practitioners
IntegraMed America , Inc. (INMD-NASDAQ)
“I was excited to get the opportunity to lead the company. I have been with IntegraMed for about fourteen years at this point and started out as vice president of sales and marketing. The vision for the company has been fairly consistent during that time. When I joined, our objective was to develop a national network of high quality fertility centers supported by a high quality business infrastructure. That infrastructure is designed to help the network improve its business and clinical success. When I first started, we had 4 centers concentrated in the greater New York area. Now we have a network within the United States of 32 centers, with 85 locations coast to coast. We target the top fifty markets in the US, which accounts for about 80% of the total fertility care provided in the US. We are in approximately half those markets at this point. Although we have made tremendous progress in achieving the vision, there is significant upside for the company. We are excited about the prospect for the next five years.” - Jay Higham

Services
Business Services
Nexia Holdings Inc. (NEXA-OTC: BB)
“Nexia is a holding company. We have operations in three areas. Our current focus is predominantly on the fashion sector under the name brand Black Chandelier. We have four regional locations in the Salt Lake area in Utah and an online store, blackchandelier.com. The second area of operations is under Landis, LLC, which is the Landis Lifestyle Salon, a hair solon built around the AVEDA™ product line. The third is commercial real estate. Both of those operations are in Utah as well.” - Richard D. Surber

Services
Restaurants
Pizza Inn, Inc. (PZZI-NASDAQ)
“The thing that has been so rewarding over the last couple of years is communicating the vision of what the future could look like, seeing folks re-engaged and breathing life back into a brand that a lot of people had given up for dead. Finally, the message, “You can buy a cheaper pizza, but then you’d have to eat it.” - Timothy P. Taft

Mining
Mineral Exploration
Western Troy Capital Resources Inc. (WRY-TSXV)
“Our main focus is the MacLeod Lake molybdenum/copper project in northern Quebec. It is 100% owned and we are in the middle of doing some additional drilling now to define limits of the deposit. We expect to have that completed by about mid-August and we’ll be generating a scoping study leading up to a final feasibility study in the next year or two. The focus is bring McCleod Lake into production at some point in the next few years and it could be as early as 2010 if everything goes right, but more likely 2011. That would put us into a producer category, which should have substantial impact on our stock price as we go forward. We also have a project in Panama, which is an early stage exploration project that has big potential. It is not going to cost us a lot to find out if we do have something big.” - Rex E. Loesby

July 20, 2007
Consumer Cyclical, Healthcare, Basic Materials, Financial, Technology, Services & Mining

Consumer Cyclical
Apparel/Accessories
Tandy Leather Factory Inc. (TLF-AMEX)
“I believe the potential of our company is solid. We are the largest company in our niche industry and we have the most well-known brand name. We have a conservative management team and we have a very focused strategy. In addition, we have executed well on that strategy for the last five or six years, and I believe we will continue to execute successfully.” - Ms. Shannon L. Greene

Healthcare
Biotechnology
ViaCell, Inc. (VIAC-NASDAQ)
“In the last seven years we have been successful in tackling a new standard of care, which is educating the birthing population on the value of the stem cells that reside inside the umbilical cord at the time of birth. A family has the choice of discarding the reproductive tissue – the placenta and cord blood - or cryopreserving and storing the cord blood, which has tremendous value in treating over 40 life-threatening diseases. The focus of the company for the last seven years has been on an education and awareness campaign of creating a new standard of care where obstetricians educate the birthing population about this tremendous opportunity. Our educational campaign is still in its infancy although we have made great progress. We have gone from approximately 3,400 families calling the company back in the year 2000 to last year over 300,000. Still 300,000 of the four million births in the U.S. quickly leads you to believe that we are at the infancy of this category. Although we have made a big impact, grown the revenue and had commercial success, we have a long way to go and a lot of opportunity in front of us.” - Marc D. Beer

Basic Materials
Oil & Gas Drilling & Exploration
Tri-Valley Corp. (TIV-AMEX)
“Most people do not know there is oil west of the Rockies. In fact, just the area around our headquarters town of Bakersfield California, the daily production is three times as much as the entire state of Oklahoma or it equals about 40% of the entire state of Texas’ daily production. This is a wonderful place to look for really big targets. There are four fields right here that have produced over a billion barrels and 22 that have produced over 100 million barrels. Most of this is from 12,000 feet and above, but in the Great Central Valley here, the sediments go down to 45,000 feet before they hit basement. Two thirds of this area has not even been explored on a vertical basis let alone the aereal extent. It is a wonderful place to look for additional oil strikes. With all these big fields still producing after more than 100 years, there are many existing properties that we can pick up and re-exploit with new technology” - Mr. F. Lynn Blystone

Healthcare
Biopharmaceuticals
Carrington Laboratories, Inc.  (CARN-NASDAQ)
“Our technology is very simple. It is comprised of a naturally-occurring polymer. The polymer GelSite® is in a class of compound called pectin, but is unique and not like pectins from fruit. GelSite® has the unique ability to bind to and stabilize proteins and peptides. Many new drugs under development are proteins or peptides. DelSite’s technology can deliver vaccines and therapeutics utilizing a nasal powder delivery technology. DelSite’s powder formulation does not require preservatives, cold storage, or needles. We currently have a vaccine that has been stable for thirty months at room temperature. Our platform technology is not limited to nasal powders, but can deliver through different routes of administration: injectable, oral, suppository, topical, or vaginal. GelSite® polymer will deliver anywhere you have calcium in a body fluid. Calcium is key to our delivery system, as we use the calcium molecule to help deliver therapeutics over time.” - Carlton E. Turner, Ph.D., D.Sc.

Financial
Community Banks
Americas United Bank (AUNB-OTC: BB)
Finally, a Hispanic financial institution in California has arrived. Americas United Bank (AUB) is here to focus on that market. We have a top quality, multi-cultural staff, great products, the right systems, and we have the relationships that are in place to help us go after that market and grow this bank with the ultimate objective of being the premier Hispanic-focused bank in the markets it serves.” - Gilbert Dalmau

Financial
Regional –Midwestern Banks
Blue Valley Ban Corp. (BVBC-OTC: BB)
“2006 was the best year in the history of the bank and we are looking forward to another strong year in 2007.” - Robert D. Regnier

Financial
Regional – Pacific Banks
Syringa Bancorp (SGBP-NASDAQ)
“We have all the products, we don’t have a trust department, and we don’t sell insurance. We don’t have a travel agency. Right now we are trying to just work on the thing we do very well and that is helping small commercial businesses.” - Jerry F. Aldape

Technology
Scientific & Technical Instruments
Cepheid (CPHD-NASDAQ)
“The difference with our GeneXpert® platform is that everything takes place in a closed cartridge. You put the specimen in, close the lid and all of the specimen prep work that needs to be done is all done in a closed environment including the final test results, so you are totally eliminating the concern of contamination. Instead of needing a specialty laboratory, you can virtually put the platform or testing system in any type of a office setting or room, and be able to get accurate results without being concerned about contamination.” - John L. Bishop

Technology
Supply Chain and Logistics
The Descartes Systems Group Inc. (DSG-TSX, DSGX-NASDAQ)
“We sell to logistic service providers and to manufacturers, retailers and distributors that have complex logistics processes. Our customers are airlines, trucking companies, steamship lines, and industry leading manufacturers. We do not sell to all manufacturers, retailers and distributors, but we sell to those that are at the top of their marketplace where they want to use logistics as a differentiator.” - Arthur Mesher

Services
Internet Lead Generation
InsWeb Corp. (INSW-NasdaqCM)
“Our service is free to consumers. Our revenue is derived from insurance carriers and agents. Depending on the type of consumer, we get paid on a CPC (cost per click) or a CPA (cost per action) basis. For Automobile insurance, by far our largest product, consumers classified as non-standard (e.g., those who have too many accidents or violations) will be shown logos of up to four advertisers who specialize in that type of consumer; clicking on any of these logos will result in click-through revenue to InsWeb. All other consumers are taken down our generic application, at the end of which we match their profile with the selection criteria of all the providers participating in our platform; the consumer’s contact information is then submitted to up to 8 providers, each of whom will owe InsWeb a fee (CPA).” - Hussein A. Enan

Mining
Diamond Drilling
Radisson Mining Resources Inc. (RDS-TSX)
“We are looking at one of the former highest grade gold mines in Canada with a reasonable expectation of duplicating it. Being high grade it should have low cost per ounce potential. This equation results in  the most profit for the least tons processed. The old O’Brien Mine that we are replicating operated for 25-30 years and had wonderful returns for the shareholders.” - Dale M. Hendrick, Eng.

“The vision for Radisson Mining Resources is to determine the extent of the expanding Zone 36 East with a view to possibly developing a “New” O’Brien Mine and to determine and exploit the potential of the Company’s other properties including its molybdenum prospects in Northwestern Ontario.”

Our main target, of course, is the O’Brien mine. It was the highest grade gold producer in that widespread Cadillac Mining Camp in northwestern Quebec in the period from the early 1930’s to the mid 1950’s. Subsequently there were some attempts after it shut down to reinstate it, but they never got into more high-grade gold. Now, we at Radisson in recent years have intersected, about ? of a mile further east, a new zone, which is generating the same high-grade gold intersections as the original O’Brien mine produced. Therefore, our objective is to reinstate the O’Brien mine about 3600 feet east of the original mine zone and to start producing comparable grades of gold. There is going to be a lot of work between now and then, particularly more exploration drilling on the surface and some underground work, which will entail a bulk sample. We are on the right track in our opinion. I will turn it over to Dale to give you his geological appraisal.” - Kenneth G. Murton, B. Comm

July 6, 2007
Healthcare, Services, Technology, Basic Materials, Exploration, Food & Financial

Healthcare
Tissue Regeneration
Matrix Design, Inc./DermaPlus, Inc. (Privately Held)
“We would raise approximately $2 to $4 million and use that money to bring us far enough along towards the FDA clinical trial process to the point where we could attract interest from some of the bigger bio-pharma companies. They have teams in place and their management is accustomed to dealing with the FDA.” - Dr. Burt Ensley

Services
Shipping
TBS International Ltd. (TBSI-NASDAQ)
“We started TBS in 1993 and the vision of the company was a business based on service and long-term customer relationships. We viewed our business as working with a variety of customers in the dry cargo sector of the shipping industry. Based on these relationships and the trades that we have developed, we have been able to move the company away from the spot market in shipping, which is extremely volatile. We felt that we are a service company that utilizes ships to empower our customers.” - Joseph E. Royce

Technology
Business Software & Services
Agile Software Corporation (AGIL-NASDAQ)
“We just announced our newest release, a solution called Agile 9.2 that is the most comprehensive release in our company’s ten-year history. It further establishes our leadership in this market and 9.2 is in direct response to our customer’s feedback. It focuses on a number of different things. It is a comprehensive set of applications that are designed to help customers drive profitability, accelerate the innovation in their company and of course innovation is such an issue now with so many companies. We help them improve quality, enable the globalization and ensure the regulatory compliance that they need throughout their product lifecycle.” - Jay B. Fulcher

Technology
Digital Communications
DigitalFX International, Inc. (DFXN-OTC: BB)
“Think about this: we are not developing film anymore; our pictures are now stuck on our digital cameras. Have you ever noticed what people do when they take a digital picture? They all huddle around the digital camera and look. Usually it is never seen again because people do not know how to get that picture off that digital camera so other people can enjoy it. We have digital videos stuck on our camcorders; MP3s on portable media devices; and our emails stored somewhere else. Our digital assets are a mess. We make your digital life simple.” - Amy Black

Technology
Biometrics
FaceKey Corporation (FEKY-OTC.PK)
“In 1999, biometrics was not well known and people were slow to accept this technology for several reasons. One of the reasons was that the earlier generations of biometric devices were not as accurate as they should have been. However, FaceKey’s latest generation of fingerprint products can identify the fingerprints of a single person out of a database of thousands, almost instantly. FaceKey’s major competition continues to be the companies selling card based systems. We find that these companies tell their customers that cards are as good as biometrics and that biometric systems do not work, which is not true.” - Yevgeny B. Levitov, Ph.D.

Technology
Semiconductor – Broad Line
Mellanox Technologies, Ltd. (MLNX-Nasdaq)
“We announced we are shipping 10 and 20 gigabit per second adapters. We announced that in 2008 we would reach 40 gigabit per second bandwidth, and latency at about one microsecond. We have just announced our new product, ConnectX, which along with InfiniBand will support Ethernet as well. Therefore, we are expanding beyond InfiniBand into the adjacent market, which is 10-Gigabit Ethernet. Mellanox will continue to enhance its real estate in servers and storage in the enterprise data center and the high performance computing market.” - Eyal Waldman

Technology
Business Software & Services
Onstream Media Corporation (ONSM-NASDAQ)
“Businesses come to Onstream because we are one of the most experienced companies in providing video on the web.  In fact, we are probably the firm with the most history and proven track record in the industry.”
Randy Selman – CEO
Onstream Media Corporation

Technology
Last-Mile Broadband Access Products
Vecima Networks Inc. (TSX:VCM)
“We make the transmitter that takes that information and sends it out to the subscriber and receives information back from the subscriber. We sell our transmitters by the tens of thousands to Cisco and Cisco puts them into their large mainframe routers and ships them around the world. We are an exclusive supplier to Cisco of these transmitters and Cisco has about 60 to 65% of the world market, so we are proud of the fact that if you use high-speed internet over the cable system anywhere in the world there is a 60% chance that the transmitter was made by Vecima Networks. We have taken the transmitter concept from the cable company and we have built over-the-air radios with it so that we could deliver high-speed internet wirelessly to rural and remote communities around the world and particularly in the Midwest United States. Those are places where the cable plant cannot cost-effectively extend to and in places in Africa, Eastern Europe and Asia where there is no infrastructure. To do this, we use a fixed wireless system that provides high-speed internet to these remote and undeserved communities.” - Michael Barry

Basic Materials
Independent Oil & Gas
Evolution Petroleum Corporation (EPM-AMEX)
“We started the company in 2003 with the idea that we would focus on opportunities in existing or known resource areas. We would not be an exploration company, but a development company focused on applying technology and our specific expertise and capital to redevelop oil & gas fields that were found and developed decades ago and matured prior to the run-up in oil and gas prices over the last four or five years.” - Robert S. Herlin

Exploration
Minerals/Mining
Pacifica Resources Ltd. (PAX-TSXV)
“Pacifica is unique and probably the first junior company to ever own the biggest deposit of its type; that is a zinc deposit in this case. That is very rare and certainly, in this period where security of supply is king in the market place, you know that this deposit being based in Canada is going to attract the attention of the international community. That is a natural expectation, and as results come in from this year’s $25 million exploration program, there is expectation of a very significant re-evaluation of this project as it becomes better known and the uncertainties disappear.” - Dr. Harlan Meade

Food
Baking
Tootie Pie Company, Inc. (TOOT-OTC: BB)
“The vision is for the Tootie Pie Company to build on our brand, to build a brand and to be a national brand. We distribute pies nationally through our website and through corporate accounts that buy pies and give them as gifts to their key customers and employees. Primarily we use FedEx (FedEx Corp. NYSE-FDX) for shipping those pies out and we send them all over the country. Our third area of distribution is wholesale. That has been growing drastically when you consider that we have only been in solid production of the Tootie Pie Company for about a year-and-a-half. We have completed one full year of producing pies commercially. We have already been picked up by Sysco Foodservices (Sysco Corp. NYSE-SYY), which is the largest food distributor in the country, and Ben E Keith Foods, which is the largest regional distribution company in the country and now U.S. Foods, which is another large national distributor. It is unheard of for these companies to take on a start-up company in any kind of food product, which we believe is illustrative of how good our pies are. In just a year’s time of being a distributor, we are now available in restaurants all through the entire state of Texas and all the neighboring states as well. We count well over 300 restaurants that carry our pies and in 70% of the cases they actually brand them by name.” - Don Merrill

Financial
Insurance Brokers
eHealth, Inc. (EHTH-Nasdaq)
“There are ways to apply technology to the area of health that can dramatically change things and we are doing that with the online delivery of health benefits. There is a huge market out there of individual products; people should know that. Health insurance products are a great natural internet application.” - Gary Lauer

Financial
Community Banks
Enterprise Bancorp, Inc. (EBTC-NASDAQ)
“You attract talented people and try to have a culture in the bank that attracts talented people and focuses on customer service. They both go hand-in-hand. We attract a lot of talented people because they know that the bank cares about them. We also attract a lot of talented loan officers and branch and business-development personnel because they know that they are walking into a bank where they can get things done for their customers.” - John P. Clancy Jr.

“My vision was to continue to grow the bank organically and recruit talented people. We have always had the philosophy of being the last bank standing. My vision was to continue on that same course knowing that you always have to do things a little differently, but we wanted the same end result. My vision is to be the best commercially-focused community bank in the country.” - John P. Clancy Jr.

Financial
Regional – Pacific Banks
Frontier Financial Corporation (FTBK-NASDAQ)
“Our philosophy is banking is a people business and since we are all pretty much selling the same products, we have to differentiate ourselves with relationship banking and customer service.” - John J. Dickson

June 22, 2007
Basic Materials, Technology, Energy, Services & Exploration

Basic Materials
Specialty Chemicals
American Pacific Corp. (APFC-NASDAQ)
“The other thing is with an organization in today’s world, you have to be careful that it remains lean. In our case there are a couple of things that are interesting, one is that we have no significant formal sales force; every one of us are sales people. We have program managers, we see customers at that level, at the President’s level and certainly at the division leader’s level all the time. That is important and I think it keeps the overhead under control. Selling is a talent that I have the highest respect for, but I think you can make an effective salesman out of the engineering and technical personnel if you cultivate it and work at it. We have a modest staff; we will do $170 million and are right at 500 employees. We do not for example have in in-house legal staff here at headquarters. The only point is there are certain activities and I think that is one of them that you can effectively outsource and that has worked well. In selling, we do the selling. In legal work when we need work, we go outside.” - John R. Gibson

Technology
RFID
Sirit Inc. (SI-TSX)
“Last year (2006) was a very successful year for us. We increased our revenue by 40%. We also raised capital to make us a stronger company; we raised about $12 million. We did a couple of acquisitions where we acquired new technology, new customers and gained access to new markets. We built a stronger company and a company that demonstrated leadership in the market place. We delivered to the market, products that are being recognized by major customers as being best-of-breed in terms of capabilities, performance and quality. We continue to be very successful in the markets where we compete. For instance in the tolling market place in the western states in the U.S., we continue to win almost all the business there against our competitors.” - Norbert Dawalibi

“With that in my mind what would set Sirit apart is the fact that we have a strong recurring revenue stream such that we are not wholly dependent on one particular vertical or one particular strategy. As compared to many of our competitors, we have a big portion of our business that focuses on vehicle tracking, vehicle tolling and vehicle management. That part of our business is roughly about 80% of revenues today. That provides us with a recurring revenue stream. Regardless of how fast or slow the market in different areas takes off, we are a long-term player. We have probably been around longer than most of the RFID companies in business today. We are a pure play RFID business and I think that really sets us apart. People tend not to realize that we are going to be here for the long-term and we are going to use our strengths to keep us in this market.” - Anastasia Chodarcewicz, CA, CPA

Technologies
USB Solutions
Icron Technologies Corporation (IT-TSXV)
“The vision for the company is to continue and refocus our core competency, which is our ExtremeUSB® technology. What ExtremeUSB® allows you to do is take USB connections beyond the desktop, over long distances, fiber optics and enables a true wireless USB solution. We are implementing our technology into a variety of formats and products and delivering those to the market effectively through our own market, distribution channels, value-added resellers and OEM agreements.” - Robert Eisses

Energy
Oil & Gas Exploration
Dejour Enterprises Ltd. (Amex: DEJ & TSX-V:DEJ)
“There are few junior companies which could be so positively impacted by discovery as Dejour. We manage our risk extremely well; we had a lot of experience doing that yet we are in the places where we can make discoveries that can make a huge difference to us. We have three separate focus areas, two are in natural gas and one is in uranium. Our natural gas deals are fundamentally very different. The Peace River Arch area is a pure natural gas conventional play with a lot of science. The potential for very quick production but the reserve base is paid out quickly. The Piceance Basin on the other hand is just a pulsing giant where we are not only competing against, but in harmony with all of the majors who every time they drill a hundred wells to ours are improving the values of our land. Therefore, it is a huge combination of the ability to increase value through thoughtful exploitation, but also through real estate rising prices caused by increased drilling densities which really are proving out reserves on our landholdings. It is a tremendous call on the energy market both oil and natural gas. Uranium is like the pot of gold at the end of the rainbow. You have to drill and the discoveries are few and far between considering all the companies over the last fifty years that have been actively exploring the Athabasca Basin in each of the two previous booms.” - Robert L. Hodgkinson

Services
Online Auctioneer
Monster Motors, Inc. (MRMT-OTC.PK)
“When somebody comes to our website to investigate an automobile for sale, they are able to contact the seller directly; in fact we encourage that. We feel that our process allows the buyer and the seller to get together as quickly as possible. Some websites do not encourage or achieve that goal as quickly as we can. We have an auction format, which causes a quicker reaction from the public. It creates a sense of urgency and excitement to be able to name your price on a car.” - Dan Enright

Technology
RFID
RFID, LTD. (OTCBB: RFDL)
“Anything and everything that you look at has a barcode on it. In the next decade, those barcodes should all be RFID tags. You pick up your bottle of wine, soy sauce, vitamins, magazines, and your children’s cereal, everything on your cars; they will all have RFID tags on them. RFID tags will be ubiquitous, they will be everywhere.   Entities like us at RFID, LTD. that participate aggressively and early can possibly gain huge market share.” - Nicholas Chavez

Technology
Semiconductor Equipment and Materials
SRS Labs, Inc. (SRSL-NASDAQ)
“SRS Labs is an audio technology company and we have a group of very talented engineers that have some special knowledge in the audio technology field. We are able to use our technology and help the world’s major consumer product manufacturers, such as Sony Corporation, Samsung Group, LG Group and RCA Corporation of America, make their consumer products sound good. Today our technology is found in one third to maybe one half of all the flat panel TVs that makes the flat panel television sound much better than those that are made without that technology.” - Thomas C. K. Yuen

Exploration
Metals/Mining
Portal Resources Ltd. (PDO-TSX-V)
“We are a well structured junior, well financed, with good projects and excellent management; pretty much all the key factors that I think one looks for in a junior.” - Bruce Winfield, M. Sc. Geology, P.Geo

Energy
Biofuel
Kreido Biofuels, Inc. (OTC BB: KRBF)
“We are highly differentiated from other companies in the biofuel and biodiesel industry, because we offer our partners technology that creates a competitive advantage by providing lower capital and operating costs.  Compared to a conventional biodiesel plant, our STT® system can provide nearly a 50% capital cost advantage and can reduce operating expenses by as much as 10 cents per gallon. As we work to build a sustainable future, we believe here at Kreido, our competitive edge is the company’s focus to bring the biofuels industry cutting edge technology. That focus will serve us well as this industry grows rapidly and ultimately commoditizes.” - Joel Balbien, Ph.D.

June 8, 2007
Exploration
Metals-Mining
Yale Resources Ltd. (YLL-TSXV)
“In reality Mexico is very well known for its historical resources, long history of mining and exploration, for being a mining-friendly jurisdiction, and it is politically stable.” - Ian Foreman, P.Geo.

June 8, 2007
Healthcare, Mineral Exploration & Industrial Goods

Healthcare
Biotechnology
BioSante Pharmaceuticals, Inc. (BPA-AMEX)
“Elestrin™ is approved as the lowest dose of estradiol in the US for the treatment of hot flashes. Going along with those recommendations of the FDA, ACOG and NAMS, we believe we have found a way to make available a potentially safer product to physicians and women. Beyond that, with regard to our LibiGet®, there is no product approved for female sexual dysfunction and we believe we have the vision and the know-how to move a product through to FDA approval.” - Stephen M. Simes

Healthcare
Pharmaceutical
MultiCell Technologies, Inc. (MCET-OTC: BB)
“One of the keys in developing a drug like MCT-125, is to establish partnerships in the area of drug supply and manufacturing. We have two recent agreements, one with Merck KGaA & Go. Spittal/Drau in Austria, and Lundbeck Pharmaceuticals Italy S.p.A.” - Stephen M. Chang, Ph.D.

(Mineral Exploration) – Mining Industry
Commodities: Gold, Uranium, Oil and Gas
North Atlantic Resources Ltd. (NAC’: TSX)
“I think people should remember that we have been very successful in area selection, exploration and the discovery of gold assets in Mali. Within four years, we have made three discoveries and have advanced projects with resources on the books that we expect to expand and we are very optimistic that we will expand. In addition, we are doing the same kinds of things in Niger where we have done careful area selection, property acquisition and we are now embarking on the earlier stages of exploration. We see no reason that we won’t be as successful on those uranium projects in Niger as we have been in Mali, and on the oil side it is the same thing.” - Jon North, Ph.D., P.Geo.,

Industrial Goods
Industrial Equipment & Components
Sun Hydraulics Corporation (SNHY-NASDAQ)
“We don’t spend a lot of time looking sideways and analyzing what our competition is doing, but I can tell you what our focus is. It starts with being able to ship products on time when customers want them and we measure our performance and ability to do that. I think that brings us new business. We have introduced a whole new range of electro-hydraulic products, which is a whole new product category for us and one that opens up significant new opportunities. Oftentimes those products are embedded into systems that our systems package group are working on. The electro-hydraulic products are a multiplier if you will; it’s not the product sales themselves, but the packaging that we can wrap around those products and all the other existing products that are included in the package. Our growth is very much related to our website, where we are able to push information 24/7 around the world. And when you add our applied engineering distributors, you have a nice foundation for growth that we believe is differentiated from our competition. Those are the primary growth factors that I think are driving our business. While many of our competitors may have similar tactics, we believe we execute better with superior products.” - Mr. Allen J. Carlson
 

May 25, 2007
Financial, Consumer Goods, Healthcare & Exploration

Financial
Regional Banks
First State Bancorporation (FSNM-NASDAQ)
“We believe that we have a unique franchise that operates in four states that have great growth trends and generally very solid economic conditions. We have proven that our business model is simple, yet very effective. We think we can continue to grow profitably and provide the kind of long term return that our shareholders expect. The growth potential for us now is not going to come just from New Mexico as it did in the past, but from the markets in Colorado, Utah and Arizona, which are huge. We have a very small market share in each one of those and we think for the long-term investor who expects returns in the high teens on a year in and year out basis, we have proven we can do that. We are confident that we can continue to do that in the future.” - H. Patrick Dee

Financial
Regional Banks
Analyst Interview Covering:
First State Bancorporation (FSNM-NASDAQ)
Peyton N. Green, Senior Analyst, Financial Institutions Group
FTN Midwest Securities Corp.
“The CEO, Michael R. Stanford, along with COO, H. Patrick Dee, have been with the company since the early days. What is most impressive is that they took a community bank with a strong position in Taos, which is not a growth market, and have created the largest local bank in Albuquerque, after starting basically from scratch. Back in 1994 when they moved into Albuquerque, they had maybe 1% market share, which has blossomed into 14%, positioning First State as the third largest bank in the MSA and the largest local bank. Over 80% of the growth was organic. They went from a position of not even being known to one of being very visible in New Mexico over the last 14 years. At the time, no one gave them much of a chance. Certainly in much of the 1990’s, there was a ton of M&A activity in New Mexico and First State benefited from being stable and in a growth mode.”

“We feel 10% balance sheet growth will look pretty good over the next couple of years, maybe even 3 years. We believe that First State will do better than that given its concentration in the inter-mountain West. Separately, management’s focus on improving bottom-line profitability, should enable earnings per share (“EPS”) to grow 15 to 20% over the next couple of years; coupled with the pullback in the valuation over the past six months, the opportunity for above average top-line and bottom-line revenue and EPS growth makes the shares particularly interesting in our opinion. Again, we believe top line balance sheet growth should be 10%-plus and bottom line growth should approach 15 to 20%.” - Peyton N. Green, Senior Analyst, Financial Institutions Group, FTN Midwest Securities Corp.

Consumer Goods
Rubber & Plastics
AEP Industries Inc. (AEPI-NASDAQ)
“There are probably north of 300 extruders of flexible packaging in the United States and we are one of them. Many of those 300 are small operators, with an average capacity of less than 25 million pounds a year. We are one of the bigger ones, our production volume last year was in the area of 800 million pounds. The benefit of our size is that is that we can supply national accounts with an array of products with consistent properties across the country.” - Paul M. Feeney

Financial
Regional – Pacific Banks
1^st Enterprise Bank (FENB.OB-OTC: BB)
“We have a very unique blend of talent and experience here. We opened the bank in July of 2006, with a staff of twenty. Eighteen of us had all worked together for various lengths of time, up to as long as seventeen years. We not only have all spent our entire banking careers handling this market niche, but we have spent most of our careers doing it as a cohesive team at a highly successful previously independent bank. We started out with a strong culture right from day one as opposed to many of the other recently opened banks that have been cobbled together with people from different organizations and in some cases from outside of this geographical market.” - John C. Black

Healthcare
Diagnostic Substances
Synta Pharmaceuticals Corp. (SNTA-NASDAQ)
“Drug discovery and development is very difficult, with a high failure rate. There are very few companies in our industry, at our size, that have a drug that works – and a drug that works is very valuable. We have a drug that has been shown to be effective, in rigorous clinical testing, in an area of major unmet medical need.” - Safi R. Bahcall, Ph.D.

Exploration
Metals/Mining
Klondike Silver Corp. (KS-TSXV)
“We focus on having 98 percent of our product in Canada. We would like to find more mines for Canada and develop projects in Canada and keep our staff in Canada. It is much safer here, a great place to work, a great mining environment, no problem getting permits and putting things into production. There is not graft here, and everything is on the table and if you find a good mine here it will reflect the share price.” - Richard W. Hughes|

Exploration
Metals/Mining
Golden Chalice Resources, Inc. (GCR-TSXV)
“Golden Chalice is starting to spend about $5 million on its drill programs on the 30 odd projects. These are mega-sized projects with big dollar returns. It is hard to find mines because the odds are against you, but our track record has been 1 in 35 that has made the mines. Our projects today are far better than in the past. We think we are going to have several successes in Golden Chalice and anyone that is involved with the shares for the next year or two years, they will see a lot of activity in the stock and hopefully a lot of upside potential, and hopefully some new mines for Canada and we are working hard on it.” - Richard W. Hughes

Financial
Pacific Banks
Prineville Bancorporation (PNVL-OTC: BB)
“We re-invest 100% of local deposits right back into the market we serve. We think reinvesting in the community is essential for the bank because that is what is going to make a stronger economy locally. Therefore, if we bring in deposits from customers, we want to be able to reinvest those funds whether it is in our facilities, loans to our customers and even the profits that are reinvested into the community events I mentioned earlier. We think it is important for us because that is a differentiating factor. It keeps our economy strong and it keeps our community strong. It may be harder to judge from the customers, but we have gained deposit market share in each of the last three years with this strategy. That tells us that we are not only growing as fast as the market, but we are growing faster meaning that we are picking up some market share. We think that the customers value that proposition and are willing to select us as one of their financial institutions because of that commitment and investment that we are making.” - Robin Freeman

Energy
Alternative
Alternate Energy Holdings, Inc. (AEHI-OTC.PK)
“First, the northwest part of the United States only has one plant and most of the states in the northwest import power. As you get further to the west you pick up northern California. All of these states do not have enough power built in their states right now - primarily hydro plants played out, many of which are being closed. They are scrambling trying to do wind and solar, which are a nice supplemental sources, but not adequate for base-load energy. There is a tremendous demand in that region, including Idaho. We felt the state would be friendly to this sort of idea, as it imports about 80% of its power currently. Boise is one of the fastest growing cities in the United States, so we began looking into that area; it is a large state with a smaller population, so there are plenty of places to put a plant without going into anyone’s backyard. Also, it is zoned for any industrial complex. We thought that whole combination made for a place where we could build a plant and help power the whole region - maybe even a good part of the west if we put multiple units in there some day. That was the origination of Idaho’s selection.” - Donald Gillispie

Industrial Goods
Farm & Construction Machinery
Astec Industries, Inc. (ASTE-NASDAQ)
“We have 13 different companies and we operate very decentralized. We build about 170 different products and a lot of them are niche products; for example rock crushers that basically make little rock out of big rock. We also build asphalt plants that take the rock and dry it, heat it up to 300 degrees, and coat it with liquid asphalt to glue it together. We build heaters that heat the asphalt, the pavers that lay it down on the road and compact it. We build milling machines that take the mix back up after it has been down for 20 or 30 years and bring it back so it can be recycled through he asphalt plants. We build machines that dig trenches, and machines that will put water lines, pipelines and other lines under rivers and under roads without interfering with the roads or the river that it goes under. Therefore, we build a wide variety of different products and generally, all of these products are made to try to reduce the cost of doing business for our customers.” - Dr. J. Don Brock

Financial
Regional – Southeast Banks
CenterState Banks of Florida, Inc. (CSFL-NASDAQ)
“My vision has always been to grow a local home owned community bank, to the point that it could be high touch with regard to the customer and yet high-tech like the much larger regional banks. We wanted to be a local hometown bank, but yet have the technology to keep pace with the larger corporate banks and to do it in such a manner that the customer always felt delighted and the employees wanted to get up every morning and go to work.” - Ernest S. Pinner

Services
Business Services
Innotrac Corporation (INOC-NASDAQ)
“We are focused on having an integrated fulfillment operation nationwide across the entire footprint of the United States, with fulfillment centers and call centers all integrated together. Therefore, we pretty much can service retail direct-to-consumer clients, and ecommerce customers, seamlessly across multiple facilities and be able to route orders to the best appropriate fulfillment center. We have been very successful at doing that. We now have 10 centers across the United States and all four time zones. We completed a very important part of our footprint by acquiring a fulfillment center in Columbus Ohio late last year.” - Scott D. Dorfman

Oil
Field Machinery
South Shore Resources Inc.(SSHO-OTC: BB)
“Our technology allows us to separate heavy crude oil into light sweet crude oil using membranes. A membrane is a filter that has a chemical disposition designed to reject certain molecules or particles from going through it. An example of how it works is in extracting drinking water out of ocean water. The ocean water goes through a membrane and the membrane rejects the salt out and gives you fresh drinking water. We have a piece of technology that basically allows the oil to go over top of the membrane and it rejects the sulfur, sodium, carbon molecules and other undesirable materials from passing through. Traditionally, with heavy crude oil, when they go through the refinery, these products have to be burnt out, which is a major impact to the environment.” - Richard L. Wachter

May 11, 2007
Financial, Services, Exploration, Technology and Consumer Goods

Financial
Regional Pacific Banks
Pacific Premier Bancorp Inc. (PPBI-NASDAQ)
“We are not exposed in any direct way to residential lending and thus the “real estate bubble”. We do not have any residential construction loans on our books and we do not engage in sub-prime lending. The outlook for our loan types; commercial real estate, business loans and apartment loans is strong, so we are comfortable with where we are positioned in the marketplace.” - Steven R. Gardner

Financial
Regional - Pacific Banks
West Coast Bancorp (WCBO-NASDAQ)
“We have very high employee satisfaction. It is something that we monitor all the time. We’ve conducted an annual employee opinion survey for five or six years now. That employee satisfaction is verified in the fact through an independent third party. For four consecutive years, we’ve ranked among Oregon’s 100 Best Companies To Work For based on a direct survey from an independent party. We are ranked against other companies our size, so it is not only an absolute, but is relative to other companies in the area.” - Robert D. Sznewajs

“We also have high customer satisfaction. Greenwich Associates has conducted independent surveys of our commercial customers over the last two years based on sales size below and above $10 million in the Portland metropolitan area. In each of those surveys, we ranked as having the highest overall business customer satisfaction of any bank in the Portland area.” - Robert D. Sznewajs

Services
Management Services
Resources Global Professionals (RECN-NASDAQ)
“The vision of the company was that there was a fairly significant market in professional services that was not being well served, where client companies were looking for very experienced talent to help them with internal projects and they did not have a meaningful and value-added outlet for that demand. We built the business to fit that market and it has turned out to be an excellent insight because by creating a business that serves that need, we have been able to grow from zero dollars in revenue in 1996 to in excess of $700 million in revenue in our fiscal 2007. Therefore, the vision that we had 10 years ago is the vision that we have today.” - Stephen J. Giusto

Services
Consumer Services
Standard Parking Corporation (STAN-NASDAQ)
“Obviously we want to make sure that every car that comes into the parking facility is charged the appropriate fee based on the fee structure that is in place, and that all the money that is collected makes it to the bank and is accounted for to our clients. Revenue control procedures reconcile the amount of tickets that are taken with the number of cars that go through the gate. The reconciliation process is to make sure there are very strong internal controls over the cash and credit card payments for parking. That is a crucial area to focus on. Typically, our clients tell us that when they hire us to replace a different parking operator, they usually make more money when we operate the parking facility. We attribute that to the fact that we have more rigorous training of our employees, and we believe we have lower staff turnover than other parking companies do. We also have an internal audit function that goes out and audits the parking facilities.” - G. Marc Baumann

Exploration
Mineral Properties
Garrison International (GAU-TSXV)
“Investors should be interested because we are heading into production, and looking to establish at least a ten-year mining life, so we are going to be around. We are not just going to fizzle out. That is why they should give us consideration. We have the team in place, as well as the capital resources. What is attractive is that we can own the property 100% ourselves so we can go as fast as we want. We are not bogged down with red tape. That has been a great benefit. We have had a positive response from anybody we have come in contact with on the government side - nothing but support. They want us to come in and invest, bring in technology and managing skills. It has been a positive experience.” - Blair Krueger

Technology
Entertainment
Protocall Technologies Incorporated (PCLI.OB-OTC: BB)
“What we launched at the Consumer Electronics Show two weeks back was the first on-demand movie system that has the CSS copy protection built into it. What that means is when you buy a movie off a shelf as you do at any retail store now; it has a copy protection called CSS on it. It keeps people from taking that movie and being able to make multiple copies of it. That copy protection, which is required by most Hollywood movie studios, was not available for on-demand movies and it just was ratified and announced at CES. We teamed up with Sonic Solutions (NASDAQ: SNIC) and Macrovision Corporation, and we used their technology within our system, so we actually now have the full copy protection and an extra level of protection called RipGuard so it makes our system live up to Hollywood standards.” - Syd Dufton

Technology
Internet Service Providers
TowerStream Corporation (OTCBB: TWER.OB)
“We look at WiMAX as a tool to avoid the phone companies. It is one of the first wireless last mile technologies that really has the quality, security, standardization and huge support from a large amount of companies. We have been using this equipment for five years and we know it works and that it’s reliable. Are there going to be newer technologies that are coming out? We hope so and if they do, we will use them. We are not tied to technology; we are tied to our customers and dedicated to giving them a good experience. If it is WiMAX now and super XMax next year, we can update our services much easier than the legacy folks, because the legacy folks have these old TDM and ATM networks, where we have a pure IP service offering. No part of our structure is legacy, non-IP infrastructure, so for us to add a newer technology is very simple and very smooth. As technologies get better, if it will give our customers a better experience, we will use them.” - Jeffrey M. Thompson

Consumer Goods
Textile – Apparel Clothing
Tag-It Pacific, Inc. (TAG-AMEX)
 “We have aggressive plans for both revenue growth and profitability for 2007 and beyond and we are excited about where we are heading. We have very strong gross margins and we believe our market is going to continue to support that and apparel is not going away. I think the beauty of being where we are in the supply chain position is no matter who wins, whether the denim guys are hot today or the corduroy guys tomorrow, or skirts are back in; they generally all need fasteners and trim. From that standpoint we are somewhat insulated from the ebbs and flows of fashion and get to focus on the larger macroeconomic issues of rising population and the westernization of clothing, predominantly in Asia and eastern Asia, so that we have more customers everyday.” - Stephen Forte

Financial
Regional – Pacific Banks
San Joaquin Bancorp (SJQU-OTC: BB)
 “As a business bank, we have a focus on the individual needs of the business community. It is like the butcher shop vs. the supermarket, when you just do one part of the business, I think you can be very good at it. We do not have ATMs or free checking, but there are things that we do have that other banks do not have. For example, we have five people driving as far out of town as thirty miles to do our customers’ banking for them everyday.” - Bart Hill

April 27, 2007
Financial & Services

Services
Consumer Services
Shutterfly, Inc. (SFLY-NASDAQ)
“Shutterfly’s mission is to build an unrivaled service that enables deeper, more personal relationships between our customers and those who matter most to them. This vision and mission are our guideposts in our strategy to use the power of Shutterfly’s platform and the power of the Internet to bring people closer together. The industry calls this social networking; we refer to it as social expression and personal publishing.” - Jeffrey T. Housenbold

Financial
Community Banks
State Bank Corp. (SBAZ-OTC: BB)
Mohave State Bank
“You know the adage “you have to give to receive”. We give our best everyday - to our shareholders, our customer, our team members, and our communities. In return, they have blessed us with the ability to keep this great company independent and healthy. We count our blessing regularly and we take nothing for granted. We are only as strong as our constituents are collectively.” - Ralph Tapscott

Financial
Real Estate Development & Management
Melcor Developments Ltd. (MRD-TSX)
“We’ve gone through a very explosive period of growth since the year 2000, which is more reflective of the Alberta economy that we operate in. We have been very fortunate recipients of being in a part of Canada that has enjoyed extremely strong economic activity probably beginning almost ten years ago, but it is the last two or three years that it has accelerated at quite a rapid pace. Therefore, we have seen significant change as our company has grown dramatically. In 2001 for instance, our revenues were about $80 million and in 2006, our revenues were over $200 million, so we have had explosive growth.” - Ralph B. Young

Services
Specialty Retail
Vertical Branding, Inc. (VBDG.OB-OTC: BB)
“We just went public in November of 2005 and our stock was traded by appointment only. We caught peoples’ attention when we started making the announcements about how the company has grown and made money. What is important is the fact that we are not just a one-product company, but we are a successful consumer products company that is really recognizing the results of our layered revenue strategy. This strategy involves making sure that we bring one product after the other to market and layer on our retail distribution, our continuity, and our transactional marking campaign in a timely fashion so that we have a good basis for the company. Our success is not hit-driven; it is based upon having good, successful solid products out there. I think that people are going to look and say wow, these people really have something going on and that we are not all over the board.” - Nancy Duitch

“We are executing the vision that we had planned six years ago when we started the company. The vision was to bring high quality consumer products to the marketplace utilizing transactional marketing as our media vehicle brand and transact so that for every $1.00 we spend on media, we get at least $2.00 back in revenue. In addition, we wanted to push these products through for great continuity program. How it has changed and how the vision has actually morphed into a more positive business model for us is that in August of 2006, we acquired the asset to a retail distribution company. It has relationships with all the major big box companies such as Wal-Mart Stores (NYSE-WMT), CVS/Caremark Corporation (NYSE: CVS), Target Corporation (NYSE: TGT), Walgreens Co. (NYSE: WAG), Kmart (merger Sears, Roebuck and Company - NASDAQ: SHLD), Kohl’s Corp. (NYSE: KSS), Bed Bath & Beyond Inc. (NASDAQ: BBBY), just to name a few. Therefore, starting in the month of August, we had an immediate distribution into every major retailer in the country. By the end of last year (2006), we had actually shipped almost every major retail chain. What that did was it allowed our net profit to grow because even though our transactional marketing has great gross profits, our retail and our continuity really make up the biggest proponent of the net profit.” - Nancy Duitch

Services
Real Estate Appraisal Solutions
Zaio Corporation (TSX-V:ZAO)
“Our ultimate goal is to provide lenders, insurance companies and other large investors with a full range of appraisal and valuation products. Therefore, we have to work where the bulk of the lending activity is occurring within the United States, analyzing the patterns of consumers who are obtaining first mortgages, second mortgages and home equity lines of credit. The top 30 metro areas in the country that we have focused on and are currently engaged in operations, represent about 60% of all the lending volume in the country. Our goal is to finish production of those 30 metro areas by the end of next year, which will give us a rather large footprint or geographic coverage in 170 cities. We will then be able to offer customers a full range of valuation products around the country.” - Thomas J. Inserra

April 12, 2007
Healthcare, Biotechnology, Financial, Basic Materials, Consumer Goods Telecommunications & Natural Resources

Healthcare
Medical Device
Artes Medical, Inc. (ARTE-NASDAQ)
“Our company is in the medical device space marketing an injectable aesthetic product, ArteFill, that is a treatment for facial wrinkles. As we all know, baby boomers are aging and looking for a way to age gracefully. We have developed the first and only injectable wrinkle filler that has a permanent component that provides a long-term effect compared to the existing dermal fillers on the market that are all temporary in nature and required repeated and frequent injections. Therefore, our product is very differentiated. We have just launched it into the marketplace in the US, and we will be reaching out to physicians and consumers who are interested in a long-lasting wrinkle filler. This product competes in the area that most people have heard about—the injectable aesthetics market which includes Botox® (Botulinum toxin) from Allergan, Inc. (AGN-NYSE), Restylane® (a clear hyaluronic acid-based gel dermal filler), and collagen. ArteFill is the first and only product approved by the FDA with a permanent component and we have clinical data showing that smile-line wrinkles can be corrected for up to 5 years, so it is really a break-through product in this category.” - Diane S. Goostree

Biotechnology
Herborium Group, Inc. (HBRM-OB)
“With our business model, the expertise of our management team , and scientific and marketing partners  in the US, China , Hong Kong, and Europe we expect more then just making a mark on this emerging market sector – we expect to own a part of it.” - Dr. Agnes  P. Olszewski

Financial
Property & Casualty
Eastern Insurance Holdings, Inc. (EIHI-NASDAQ)
“From an expansion perspective, you will see us grow organically, look at acquiring books of business and look at acquiring other companies in order to use that capital. Therefore, 2006 ended very strong. We are excited for 2007 and some of those initiatives that I just mentioned are points of focus from a financial perspective.” - Kevin M. Shook

Basic Materials
Oil & Gas Equipment & Services
Sunrise Energy Resources, Inc. (SEYR-OTC: BB)
“There are several factors as to why investors should be looking at Sunrise Energy Resources. First, we are not a pie in the sky; we have current production and we are EBITDA positive. We have significant upside in the form of seven more properties in addition to the properties that we are currently producing from, which holds tremendous upside potential. Secondly, Ukraine has a long way to go in terms of building its own domestic production. We are going to be part of this picture increasing our production in line with other companies in the Ukraine. Thirdly, we are a public company and we have access to capital, so in the next two or three years we can grow our company both internally and by way of future acquisitions, which we intend to pursue. Finally, we have a great team of people who really want this company to succeed.” - Roman Livson

Consumer Goods
Recreational Vehicles
Winnebago Industries, Inc. (WGO-NYSE)
“When I became CEO at Winnebago Industries, Winnebago was actually in the number two position in the industry in market share. We were actually satisfied with the number two position and our goal wasn’t necessarily to be number one in the industry, but it was to be a high quality company that is very profitable. When we achieved that goal, we also regained the number one position in our industry.” - Bruce D. Hertzke

Telecommunications
Reseller
Phonetime Inc. (PHD-TSXV)
“Phonetime started 13 years ago literally on a kitchen table and the vision was to be a phone card company. This was our legacy business and for the first 7 or 8 years; 98% of our company’s revenue came from selling phone cards. We took the company public in 1998 as we needed the capital to expand and in 2002, we began to transform the company into a diversified full telecommunications company, first by selling wholesale services and then offering retail home 1+ Long Distance services. Today we are a diversified telecommunications company with three divisions; our phone card business still thrives, but it is the smallest part of our business today. Our retail division is currently our largest division, but our fastest growing and soon to be our significantly largest division will be our wholesale division.” - Wayne Silver, P. Elec. Eng.

Natural Resources
Energy/Mineral Exploration
Running Fox Resource CP (RUN-TSXV)
“We have a good management team of experienced guys. Our focus is to create a company that generates value for our investors and to continue to grow in the oil/gas field as well as the gold market. We also want to acquire good business opportunities like Claymore Field Services and grow them when we can. The idea is to identify good opportunities with good value, not pay a lot of money for these opportunities and grow the opportunity into a thriving business.” - Steven Schurman

Healthcare
Biotechnology
PolyMedix, Inc. (PYMX-OTC: BB)
“What we try to do at PolyMedix is innovation, but with risk mitigation. We are focused on developing innovative products; small molecules that mimic the activity of protein as a disruptive business model, this is a big deal. We have shown that we can successfully create products with our technology, and hope to have two compounds entering clinical development this year. The therapeutic areas we have chosen to work in have been rationally and strategically selected; acute cardiovascular and infectious diseases are both characterized as having relatively fast, inexpensive and straightforward clinical trials, and are both areas where Phase I human trials, the first human testing, is often considered clinical proof of principle. However, these are also blockbuster market opportunities. At the same time we are developing drugs, we are also trying to mitigate risk by developing antimicrobial polymers for materials uses. Our scientific founders from The University of Pennsylvania are world renowned, members of the National Academy of Sciences, and universally regarded as the world leaders in biochemistry and biophysics. Most importantly, we have a highly experienced management team in place at PolyMedix - all of us have turned science into profits many times before, and we plan to do it again at PolyMedix.” - Nicholas Landekic

Healthcare
Biotechnology
Optimer Pharmaceuticals, Inc. (OPTR-NASDAQ)
“The vision for Optimer Pharmaceuticals currently is to be a biopharmaceutical company that discovers, develops and commercializes innovative anti-infective products. Our current products address the treatment of gastro-intestinal infections and related diseases. Other products in our pipeline that are not in that space, we want to develop to a stage where we can then opportunistically partner out. With our recent announcement of buying back or regaining the North American rights to our lead product candidate, Difimicin (OPT-80) from Par Pharmaceutical Companies, Inc. (NYSE: PRX), we now hold worldwide rights to Difimicin. Therefore, we are on track and the last phase of what we want to be as a company is commercialization. This gives us an opportunity to put a sales force in place in the United States and have two products in their hands, Difimicin and Prulifloxacin (OPT-99), which is an antibiotic currently in a Phase 3 trial for the treatment of travelers’ diarrhea.” - John D. Prunty, C.P.A.

Healthcare
Disease Management
Spectral Diagnostics Inc. (SDI-TSX)
“With respect to our Endotoxin Activity Assay the EAA™, we have a joint arrangement with Toray Medical Products a division of Toray Industries, Inc. in Japan. We are establishing a distribution network within Europe. We have concluded agreements in Italy and Spain and we are looking to conclude distribution agreements for the rest of Europe in the very near future. These distribution companies have been carefully chosen and are focused in the area of sepsis, blood purification etc., and are capable of distributing our product properly and representing it properly to the clinicians who will be in the position of ordering this. A lot of our marketing takes place with the presentation of our clinical data, which we have gathered over the past couple of years from clinical trials. We have been doing this around the world at a number of different centers. We have 7 or 8 in the United States, several more in Europe etc.; we are quite global in our opinion leader support.” - Paul M. Walker, M.D., Ph.D., F.R.C.S.C

Healthcare
Medical Instruments & Supplies
Enpath Medical, Inc. (NPTH-NASDAQ)
“We incubate, develop and, at times, commercialize novel and proprietary technology that enables the delivery of new therapies. There isn’t a company comparable to Enpath out there. Our customers are developing cutting-edge therapies that are predicated on our technology. As a result, we have steady interest in our products and capabilities driven equally by high-growth new market opportunities such as neurostimulation, and steady, predictable growth of large, established market opportunities like the ICD industry. In specific reference to our products, we are the best in the world at creating introducers. Introducers are a basic building block of interventional medical device therapy, widely used and highly important. Regarding catheters, we have been making these for a long time and we are very efficient and good at developing new them. If you combine Introducers, Steerable Catheters and Stimulation Leads together, then the investor sees a company that has unique capabilities, that is focused on developing products that have imbedded intellectual property in order to ensure they can maintain margins or increase margins and revenue growth. We can grow a lot faster than the markets that we currently serve today due to our new product development capabilities.” - John C. Hertig

March 29, 2007
Financial, Development, Services, Basic Materials, & Financial Services

Financial
Regional – Pacific Banks
Alliance Bancshares California (ABNS-OTC: BB)
“I joined the bank in 1986 and during that 20-year period, a couple things have changed. The number of financial institutions headquartered in California was over 600 in the mid 1980’s. Today it is about 300, but there are 10 million more people and hundreds of thousands more businesses. Everything has come our way in terms of our approach and philosophy. We have been very fortunate with the strategy we have picked in this marketplace.” - Curtis S. Reis

Financial
REIT-Residential
Associated Estates Realty Corporation (AEC-NYSE)
“If I said that it was just because we had a lot of hard working people, certainly, that is not enough to attract the interest of investors. However, we do have a couple of very compelling, yet simple reasons. First, it helps that we have done what we said that we were going to do. We’ve improved our cash flow, our debt service coverage and unencumbered properties by paying off mortgages. That is very important to our stockholders; we said were going to pay off mortgages and improve the balance sheet, and we did. Secondly, what we said when we recently announced our 4^th Quarter earnings is that we are going to continue to sell Midwest properties at historically low cap rates, we are going to use the sales proceeds to continue to pay down our high coupon debt, to further improve our cash flow and we are going to look for acquisitions opportunistically.” - Jeffrey I. Friedman

Financial
Regional-Northeast Banks
Legacy Bancorp, Inc. (LEGC-NASDAQ)
“Investors should consider Legacy Bancorp because we are a very strong community bank and well managed. We are not going to be just a survivor, but one of the institutions that grows and prospers. The big problem with many community banks is that they just want to hang around and survive, but we are a bank that wants to grow and be one of the great community banks going forward.” - J. Williar Dunlaevy

Development
Biotechnology/Technology
Shine Holdings, Inc. (SHDG: OTCPK)
“In fish farming and aquaculture you are talking about a $70-billion global market. A 1/2 percent penetration in that market would mean huge revenues. We also spoke of an $8-billion market just in water equipment manufacturing. There too, a 1/2 percent penetration in that arena would mean vast revenues. I hate to use the old catchphrase of a ‘ground level opportunity,’ but in hindsight we will all one day say, ‘here was a formative industry.’ These markets are simply going to increase by orders of magnitude in the coming years.” - Brett Swailes

Services
Trucking
Express-1 Expedited Solutions, Inc. (XPO-AMEX)
“I think it is quite unusual to have a small cap company as profitable and having the consistent growth. It may not stand out because it is mired in the old company that people do not see as they have only seen one year of success. As they continue to see these successful years, I think it has got to stand out. We have had many people call and we are on radars now because of what we accomplished in 2006.” - Mike Welch

Basic Materials
Steel & Iron
Synalloy Corporation (SYNL-NASDAQ)
“It takes a lot of pipe to build an ethanol plant as well as in facilities for the regasification of liquid natural gas. Heavy wall pipe is used in the liquefaction of natural gas overseas. We have been very successful in our bidding and acquisition of the regasification contracts to support that industry for most of the installations that have taken place in the US and we are bidding strongly overseas to take advantage of those markets too. One of our biggest strengths is our ability to offer a full line of stainless steel pipe. The larger the diameter and the heavier the wall, the more difficult the pipe is to manufacture and it cuts out a number of competitors that we have. It also makes for a heavy product and we sell by the pound so that is a very profitable business. Another important market is waste water treatment, with many of the large municipalities opting to replace their aging infrastructure. This requires a lot of large diameter pipe. We have been successful in several of those contracts and are perusing more as we speak.” - Ronald H. Braam

Financial Services
Prepaid Debit Cards
Trycera Financial, Inc. (TRYF-OTC: BB)
“The vision is to create an innovative financial services company similar to Capital One Financial Corp. (NYSE: COF), where we strive to build and grow an agnostic card acceptance and network. By focusing on the agnostic networks, we can deliver Visa or MasterCard, across a broad spectrum of convenient locations for loading money onto the cards, whether that is found at a retail location, such as Western Union; you can use PayPal, direct deposit, wire transfer or any number of other load network sources at retail. To facilitate the delivery of our financial services we interface directly with the issuing banks and the processors who handle the financial transactions throughout the payment systems and networks. We manage the payment and technology processes so our valued partners can focus on card delivery and added value to their core consumers and cardholders. We act as program managers for multiple fortune 1000 companies including direct online and offline issuances that we do for ourselves through various channels predominantly outside retail. We partner with companies that use our product as payroll cards and some that use the cards to pay commissions to their sales agents or other salaried employees. We also have companies that use the cards for their health benefits or the flexible spending accounts and people that use them for prepaid travel expenses and other general purpose items.” - Alan Knitowski

March 15, 2007
Energy, Industrial Goods, Healthcare, Technology, Financial, Services & Exploration

Energy
Oil and Gas Exploration
Aspen Exploration Corporation (ASPN-OTC:BB)
"The vision was to continually increase Aspen’s gas production, revenues, and share price, in addition to drilling quality gas prospects. We have done that quite nicely. If you look at an Aspen stock price-chart going back to April of 2004, we traded at 62 cents per share and today we are currently trading at $2.40 per share, a 287% increase in 3 years.” - Bob Cohan

Industrial Goods
Heavy Construction
Insituform Technologies, Inc. (INSU-NASDAQ)
“The element that is grabbing a lot of attention is that we have made some bold moves in the last 12 months in terms of launching a new division within our company. That division is called Insituform Blue™, which takes us from being a company that was primarily and almost exclusively a sewer pipe repair company to a company serving the sewer and drinking-water pipe market and that is predicated on the technology breakthroughs including iTAP™.” - Thomas S. Rooney, Jr.

Healthcare
Biotechnology
Raptor Pharmaceutical Inc. (RPTP-OTC: BB)
“The therapy is based on the use of a protein that is called receptor-associated protein or RAP, which is where the name of the company comes from. We are looking at three different applications; one is in the area of transporting protein therapeutics to the brain. In that regard, the RAP protein, which is a normal human protein, is actually used to transport other potentially efficacious therapeutics to the brain. It has the potential to delivering therapeutics across the blood-brain barrier, which is a huge medical problem right now in the treatment of neurodegenerative and CNS (Central Nervous System) diseases. We are working with some in-house technology and also collaborating and developing technology with other folks to develop potential therapeutic molecules. We are also working with a couple of indications  in the area of cancer, with our initial focus on primary liver cancer which affects about 20,000 patients in the US every year, with over a million patients outside the US and there is really no known therapy that works very well in this area. We are testing RAP-drug conjugates to improve the liver delivery of already approved therapeutics to treat that disease. Another cancer target that we are developing is in the area of lung cancer. There is a type of lung cancer called mesothelioma, which is a severe type of lung cancer that is associated with the exposure of patients to asbestos and takes 20 to 30 years to develop after the asbestos exposure. It affects about 3,000 patients in the US with the incidence rate actually increasing in both the US and the developed world because of the presence of asbestos in the environment.” - Christopher M. Starr, Ph.D.

Technology
Business Software & Services
American TonerServ Corporation (ASVP-OTC: BB)
“We think that we have the ability to find business owners that understand the value proposition that we can bring as part of a bigger team and big organization yet friendly, not big and demanding. My vision is to make American TonerServ the equivalent of the Hewlett-Packard in the compatible sector. We want to have our brand recognized as the brand that you and other people in their businesses know is out there that they can depend on.” - Daniel Brinker

Financial
Asset Management
Hennessy Advisors Inc. (HNNA-OTC: BB)
“What is different is that we do a lot of quantitative back testing in different arenas, either small cap, mid-cap, large-cap, value, growth, etc. Then we come up with the top-performing formulas and implement those formulas. Another difference is that our investors know exactly how their money is being invested; there is no quarterly window dressing, no style drift, what you see is what you get. That gives the shareholder comfort. I know that many people chase returns. However, the real measure of a good manager is one that is consistently delivering positive returns to his shareholders over time.” - Neil J. Hennessy

Financial
Savings & Loans
First Bancorp of Indiana Inc. (FBEI-NASDAQ)
“The biggest thing is really the genuine interest that our people take in working with the customers one-on-one, where the larger banks may have good people; it is just the situation that they are put into, because one loan officer at a large financial institution cannot effectively take care of 400 to 500 accounts. That is where we are able to take on the big banks and our customer portfolio when you look down the names; it is becoming some pretty prominent business leaders in the Evansville and southern Indiana market who are now customers of our bank.” - Michael H. Head

Services
Business Services
BigString Corporation (BSGC-OTC: BB)
“BigString is a web-based email program similar to Yahoo, Google, AOL and Hotmail. It is accessed over the internet and we also have an interface for email client programs, such as Outlook. Email users can go to www.BigString.com and sign up for a free account, as our accounts are free for users, and they use it just like any other web-based email system. It looks exactly like any other email except our patent-pending technology allows the users to fully track when their recipients open their email and recall it, erase it, or self-destruct it at any point in time, which protects their privacy and security. With our leading features, we believe BigString’s top-rated email is the World’s Coolest Email.” - Robert DeMeulemeester

Exploration
Metals Mining
Consolidated Spire Ventures Ltd. (CZS-TSXV)
“The area that we are in now is going to see, not just our activity, but activity by about 6 or 7 other companies this year. When you get that many drills turning, somebody is going to hit something. The area is relatively new; it has surprised a lot of people in the know, which is a testament to what we have been finding, and every time we turn a page it says “keep on going”. We have had a number of larger mining companies, from the States and Canada, approach us and ask to be kept in the loop about what we are doing. We feel that we are sitting on a gold anomaly that is 3.5 kms long and it is really showing up in our drilling. Last year we hit our target; albeit we are in the upper part of the system, and we wanted to find out if the target was remaining in-place on a linear situation this year, to go back and deep drill. If all of these things that we hope come together, it will be a tremendous boost for the value of the company, which also relates to a good reason for investors to get involved at this stage.” - R. Brian Buchanan


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Financial
Pacific Banks
Prineville Bancorporation (PNVL-OTC: BB)
“We re-invest 100% of local deposits right back into the market we serve. We think reinvesting in the community is essential for the bank because that is what is going to make a stronger economy locally. Therefore, if we bring in deposits from customers, we want to be able to reinvest those funds whether it is in our facilities, loans to our customers and even the profits that are reinvested into the community events I mentioned earlier. We think it is important for us because that is a differentiating factor. It keeps our economy strong and it keeps our community strong. It may be harder to judge from the customers, but we have gained deposit market share in each of the last three years with this strategy. That tells us that we are not only growing as fast as the market, but we are growing faster meaning that we are picking up some market share. We think that the customers value that proposition and are willing to select us as one of their financial institutions because of that commitment and investment that we are making.” - Robin Freeman

March 1, 2007
Security Technology, Services, Fine Chemicals, Financial, Consumer Products, Industrial Goods & Technology

Security Technology
Infrared Night Vision
Cantronic Systems Inc. (CTS-TSXV)
“Cantronic Systems manufactures infrared imaging cameras that can be used for homeland security, medical applications and for some industrial applications to detect hotspots. Cantronic designs electronics and make systems so we were classified as a system builder, but we did not have the sensors, which in this sector people call detectors. In the past, we would have to buy detectors from third parties, but with the acquisition of QWIPTECH, which has been in business for several years, we acquired their third generation infrared detector called the QWIP Based Detector. Therefore, this gives us an internal source for the core portion of the camera, which is the detector. That allows Cantronic and QWIPTECH together to produce cameras with a better performance and with special features that fit our customers’ requirements.” - James Zahn

Services
Marine Transportation
K-Sea Transportation Partners LP (KSP-NYSE)
“Our success derives from our ability to provide efficient and safe transportation of refined petroleum products, a portfolio of equipment that our customers need, and most importantly, keeping our customers confident in our ability to perform. We expect to continue providing all of that, and to continue to grow.” - John J. Nicola

Fine Chemicals
Synthetech, Inc. (NZYM.PK-OTC)
“Many of our competitors that make chiral molecules may have only one technology and be very good at that one technology to make a chiral compound. However, what we have seen in the marketplace with various companies who specialize in chiral molecules is that because they have only one technology, they tend to not do very well—mainly due to the inability of that technology to be applicable to all types of molecules that the drug companies seek. They essentially exclude themselves from many of the chiral molecules that the drug companies want because of the inflexibility or the non-general character of the technology itself. What we have seen is that our group of technologies provide the needed flexibility in making these chiral molecules.  If one does not work in a particular case, we can apply another and generally get to that chiral molecule. Therefore, we have a very specialized yet broad technology niche that can make a variety of these chiral molecules. The most important factor is to have a technology toolbox that is valued by pharmaceutical customers.” - Dr. Gregory Hahn

Financial
Diversified Investment
Silverstar Holdings Ltd. (NASDAQ: SSTR)
“Currently we are focusing on acquiring businesses in the interactive entertainment software industry, which is the computer game industry. We think there is a substantial opportunity to roll up and acquire middle market companies in the industry. This is due to the fact that the middle market companies, which generate between $5 to $50 million revenue, have become orphans because of the consolidation at the higher end with the giants like Electronic Arts (EA) (NASDAQ: ERTS) and Activision, Inc. (NASDAQ: ATV) and THQ Inc. (NASDAQ: THQI). The small companies do not have access to distributors for their products, because the products do not have interest to the larger players and their shareholders do not have an exit strategy because the larger players also want more critical mass to have an interest in acquiring these companies. Therefore, we thought there was an opportunity within the framework of a small market cap company to build and acquire critical mass in the industry for ourselves to become large enough to become an industry factor and potentially be a viable acquisition candidate for a larger player in a few years’ time.” - Clive Kabatznik

Consumer Products
Small Tools & Accessories
AeroGrow International, Inc. (AGWI-OTC: BB)
“We also have a unique expertise in being able to do infomercials; that is a highly specialized world that allows you explosive growth. If you have a great infomercial product, you can expand in a very dramatic way, which then increases awareness in a big way. In some cases, it allows you to have accelerated growth form zero to $25, 50 100 million in sales in the first year, which is a huge growth story.” - W. Michael Bissonnette

Industrial Goods
Industrial Electrical Equipment
Arotech Corporation (ARTX-NASDAQ)
“When we started in October of 2002, we were on the verge of bankruptcy and decided we had to convert the company into a defense and securities products company. We had a small battery-development business in Alabama for the US Army, which blossomed into a business in part as a result of the first Gulf war. We acquired an armoring company here in Israel that we thought we could take to the US, which we have done successfully. We acquired as well, a battery company that we planned to take to the US and have done that as well. We moved into simulation, and although we had started in armor and batteries, we have built the simulation business over the last several years. We have a substantial backlog that looks like we can continue to grow it in 2007.” - Robert S. Ehrlich

Technology
Digital Compression
Even Technologies Inc. (ETI-TSXV)
“People should remember that Even Technologies has a solution for the Telephone industry that can be deployed right now and to effect that solution we have worked with a range of major partners in areas like the browsers done by Ant Plc, and we have the middleware layer from Kasenna. We have also integrated encryption from a company called SecureMedia Inc., so we have looked at people who are best-of-breed in their category and have integrated them into the system to provide an end-to-end solution for the Telco, rather than have everybody piece together a what if and maybe, and if you try this it might work. We actually have an end from the satellite right to the set-top box, a system that is integrated, tested and ready to go.” - Nick Ringma

February 15, 2007
Healthcare, Exploration, Technology, Industrial Goods Telecommunications & Financial

Healthcare
Biotechnology & Drugs
Vical Incorporated (VICL-NASDAQ)
“We can apply our technology for vaccines; we can apply it for proteins, animal health applications, cancer. We are focusing on vaccines because vaccines are now probably the single most important medical advance that is going to be required in the next fifty years to deal with a variety of diseases as well as a variety of cancers. We are focused on one of the most lucrative applications of this technology.” - Vijay B. Samant

Healthcare
Biotechnology & Drugs
Analyst Interview Covering: Vical Incorporated (VICL-NASDAQ)
George Fulop MD, Vice President, Biotechnology & Life Sciences
Needham & Co.
“Vical has a unique technology that caught my attention; they used DNA vaccines and address many conditions ranging from HIV to influenza and even avian flu. They have a unique technology that I think is promising and an alternative to traditional vaccine development.” - George Fulop MD

Healthcare
Emergency Medical Devices
Pyng Medical Corp. (PYT-TSX.V, PYNGF-OTC: BB)
“We are already seeing that the medics in the battlefield are going immediately to our product; wherever you have a situation where speed is of the essence in saving lives, FAST1™ has its name for just that reason; it is very fast. From the point of insertion it is only 25 seconds to get drugs to the heart. It only takes inside of a minute to insert the FAST1™. Therefore, it is a minute and a half from the moment that you start the procedure until you have fluid and drugs to the heart. That is a rapid response that can literally make the difference between life and death for patients in critical condition.” - David Christie

Exploration
Metals/Mining
Vena Resources Inc. (VEM-TSXV)
“Overall mining is Peru’s biggest industry. About 54% of the exports are related to mining and about one-third of Peru’s GDP is tied to mining. Virtually everyone in Peru has a friend or relative that has something to do with the mining industry. As such, I expect the mining industry to continue to grow based on the current trend in the commodities market and I expect the Peruvian society to benefit tremendously from it.” - Juan Vegarra

Technology
Communications Provider
Globix Corporation (GEX-AMEX)
“Post merger between NEON and Globix, we became confusing to investors because we were really two separate businesses. We had our NEON fiber based carrier business and we had the Globix hosting business. We had data centers in California, New York, and in the UK, and we had a fiber network from Maine to Virginia. When investors looked at Globix, they were trying to figure out what we wanted to be when we grew up. Investors tend to be reluctant to invest if the business is confusing. As a result of our strategic transformation over the last 12 months, we have become a simple, clean story. We are a pure-play, debt-free, public, fiber optic based network services company that operates in the Northeast and mid-Atlantic regions. It is a very easy business to understand. If folks read our financial releases and see how we have repositioned the business, they are quickly going to be able to figure out who we are and how we are performing. If investors believe that the business and consumer thirst for information is going to continue to grow, whether in the form of voice services, data services, or video services, then we are a very interesting company to look at from an investment perspective. This is because we provide the core backbone network necessary to deliver this information.” - Kurt Van Wagenen

Industrial Goods
Manufactured Housing
Deer Valley Corporation (DVLY-OTC: BB)
“Our specific niche in the market is in the high-end of the HUD code houses. Our houses are finished almost exactly like the interior of a site-built house. When you look at or touch a wall in our homes, it has the same look and feel as you would have in a site-built house with sheet rock construction, full height ceilings. We build what is called a ‘heavy built house.’ We coined the term because as far as we know, we build the heaviest house. All of our floor joists, for example, are two by eights on sixteen-inch centers. The HUD code will allow you to build them on 22-inch centers. Our exterior walls are two-by-sixes, where even most site-built houses are two-by-fours. The same thing in the roofing structure and everything else; we just build a very solid permanent house. When you are inside one of our houses, you have no idea it was not built on-site.” - Charles G. Masters

Telecommunications
Internet Telephony
CounterPath Solutions, Inc. (CTPS - OTC.BB)
“We are well positioned in the market because we picked SIP very early and built a practice area around it. As a result of picking SIP early, we are very much ahead of competition from the very small competitors to the very large ones. We are attracting some very high-quality engineering resources who believe in what we are doing. Sixty people are a reasonable large software company particularly focused on this space.” - Donovan Jones, MBA

Financial
Community Banks
HopFed Bancorp, Inc. (HFBC-NASDAQ)
“HopFed Bancorp and its predecessors have been around for 127 years. We were a very traditional thrift when I had the opportunity to join with this institution. Our major focus over the last six years has been to establish this institution as a more competitive financial institution; not only in the markets have we served but also in the markets that we have moved into over the last six years. We have moved much more to a commercial bank culture environment and we are focused on growing our institution by additional products and services that enhance our institution.” - John E. Peck

February 1, 2007
Industrial Services, Exploration, Engineering Services & Technology

Industrial Services
Waste Solutions
Budget Waste Inc. (BDGW-OTCPK)
“Growth by acquisition is a large part of our growth. In 2006, we acquired nine companies in a very short period. However, our organic growth is very substantial as well. We have thousands of clients in our customer base and because we can cross-reference and cross-sell our services and most of our competitors cannot offer that, it allows us to retain add-ons and certainly our customer base is very happy about that.” - Jim Can

Exploration
Mining/Resources
Grenville Gold Corporation (GVG-TSXV) (GVLGF-OTCBB)
(F9I – Berlin)
My vision for Grenville is a company that has great gold, silver and copper assets in the most prospective mining areas in the world. That is our primary focus. We are in Peru where there is an excellent opportunity to develop copper and silver prospects. We are in Ecuador where there is an excellent opportunity to develop gold prospects. Our management team is motivated and will build on past success.” - A. Paul Gill

Engineering Services
Air Pollution Control
TurboSonic Inc. (TSTA-OTC: BB)
“One of the things that has plagued the air pollution control industry over the last couple of decades is the cyclical nature of regulations and their compliance deadlines. TurboSonic recognizes that by moving around the globe in a strategic fashion, we become risk averse. The EU’s (European Union) growth, and the strength of the Euro, makes the European market a good counter-balance to the North American market and its cycles. The EU has a time lag on US regulations, so that as compliance deadlines pass in the US they are replaced with a surge in the European market. Thus, we began our foray into Europe. We predicted a two-year break-even point; however, we have already surpassed this goal in just a number of months. We also have a presence in South America and in China.  One of the main strengths that we bring to investors is a growing ability to minimize cyclical effects of industry and government regulation through diversification, both in product offerings and our geographic coverage. We are not depending on one sector, one product or one geopolitical influence.” - Edward F. Spink

Technology
Video Surveillance Security
GVI Security Solutions Inc. (GVSS-OTC: BB)
“Our customers like Samsung because Samsung represents quality and stability and is priced competitively in the market from a feature and  function providing excellent value They come to GVI primarily because we represent Samsung in North America and Latin America. We work closely with our customer partners to make sure they have the products they need to provide solutions to their customers. We provide strong technical support, both prior to the sale and after the sale. After the fact, if there are any issues with system in terms of warranty support or technical support, it is all handled by GVI.” - Steven E. Walin

January 18, 2007
Communications Services, Security, Technology, Healthcare, Basic Materials & Financial

Communications Services
WPCS International Incorporated (NASDAQ: WPCS)
“Our company focuses on wireless projects that require a sophisticated level of engineering expertise. WPCS has an engineering staff that is experienced in every facet of wireless connectivity including two-way, cellular, Wi-Fi, fixed wireless, in-building, mesh networks and RFID. We are able to engineer solutions that are of the highest quality and performance. The company has built a substantial customer base that continues to depend on our expertise in designing, deploying and maintaining wireless networks for a variety of applications. This expertise and strong customer base continues to give us a competitive advantage.” - Andrew Hidalgo

Healthcare Services
Services Retail
HearUSA, Inc. (EAR-AMEX)
“Historically, rollups have not worked for three reasons; one is that the people doing the buying don’t know what they are buying; two, they don’t have any systems to put into place to control what they’ve bought; and three, they don’t have any ability to grow the business after they make the acquisition. Well, none of those three applies to us, because we’ve been in this business for 20 years and now as the third largest provider of hearing care in the United States we know what we are buying. Secondly, we have computer systems that go into these centers within several weeks, so we can control the purchases, payroll and all of their expenses…giving us the ability to know what is going on. Lastly, with our sophisticated nationwide call center and the fact that 65% of our business comes from contracts with healthcare providers, we can begin to add business to those centers and make them more profitable.” - Paul A. Brown, M.D.

Services
Security & Protection Services
World Am, Inc. (WDAM-OTC: BB)
“A reverse merger worked for us in that World Am had a small operating group called Isotec. Isotec designs, develops and manufactures entryway portals -- weapons portals and material control passage systems for both egress and ingress. Installations are primarily at major financial and government institutions throughout the United States. The philosophy was that the Senz-It technology would be embedded into these portals to provide a competitive advantage, and also allow potential sale of this embedded material into the Homeland Security marketplace. What I mean by the Senz-It technology, as it relates to Isotec, is that the Isotec portals would be able to detect things like chemicals, biologics and explosives heretofore undetectable.” - Robert A. Hovee

Technology
Steam/Gas Hybrid Engine
Clean Power Technologies Inc. (CPTI) (CPWE-OTC: BB)
“We see tremendous potential in the Steam Accumulator Technology and I should mention that our technology will not be limited to cars. We intend to turn this technology to use diesel and steam combined. By doing that, we will be able to help the trucking industry to lower their operation costs. With our technology, the trucks will be able to idle for longer period of time and yet reduce emissions. To look in the longer term, our technology will be available for use in locomotives, nuclear power industries, oil industries and any other industries where steam can be or is generated and can be used in combination with regular fuel. We cover a wide spectrum in the longer term, but in the immediate term it is the automobile industry that we are focusing on.” - Abdul A. Mitha

Healthcare
Biotechnology
Amorfix Life Sciences Ltd. (AMF-TSXV)
“When I talk to my shareholders, they like the idea that we are going to do something effective for brain wasting diseases and that we will be a revenue generating company sooner rather than later. This is unlike traditional biotech companies that take 5 to 10 years to get to revenue because they have to go through Phase I, II and III clinical trials to confirm that their therapies will work. Fundamentally, we have a diagnostic company, which will generate significant revenues because there are 100 million donations of blood every year that are taken, separated and transfused into people, and they should all be checked for CJD. This creates a significant market opportunity for us. We will then take that cash flow, develop other diagnostics, and get into the therapeutics business. Therefore, we have a sustainable business model with an early revenue generating opportunity. We do have competition as others have been trying to develop a test for CJD and Alzheimer’s disease, but as far as we can see, we are at the front of the pack.” - Dr. George Adams

Healthcare
Biopharma
Cleveland BioLabs, Inc. (CBLI-NASDAQ)
“I would like to see people share our excitement about our development achievements, which we have accomplished over a very short period of time. We really believe that what we are doing will change the lives of millions of people; both cancer patients and people who may potentially be exposed to radiation from terrorists or accidentally.” - Michael Fonstein, Ph.D.

Healthcare
Specialty Pharma
Paladin Labs Inc.  (PLB-TSX)
“The vision was to become a leading specialty pharmaceutical company. Put another way, the goal was to build a successful organization in specialized therapeutic areas. We are currently present in the categories of urology, endocrinology, women’s health, allergy and most recently pain.  While we have acquired many new products, the management has been diligent in ensuring that we did not take excessive financial risks. Over the last 10 years, we have deployed our resources very effectively, which is something we continue to do.” - Ms. Samira Sakhia

Healthcare
Biotechnology
Polydex Pharmaceuticals Ltd. (POLXF-NASDAQ)
“With regard to our existing Dextran line of business, we are presently working 24 hours a day, 7 days a week, and our order book is full for half way through next year (2007). We are in the process of refurbishing our facility to significantly increase our production, which will increase sales and increase our profitability. The Cellulose Sulphate is what I would call the proverbial ‘home run’. That product, which my father nicknamed Ushercell, is a potential contraceptive microbicide, for human use, and the potential there is mind-boggling. The concept is that is could be used by a woman   prior to intercourse as a vaginal gel and it would prevent conception. There are no hormones in it and it is more of a barrier method in that inactivates sperm. Therefore, there is no concern about hormone levels going up and down and the resultant problems. From a microbicide standpoint, when it gets to market it would be a compound that would help stop the transmission of sexually transmitted diseases such as Chlamydia, Gonorrhea and HIV. Therefore, it could help stop the spread of AIDS.” - George G. Usher

Basic Materials
Gold
Canyon Resources Corporation (CAU-AMEX)
“What I hope people take away from the interview is that Canyon is a story that is different than it was in the past. It is a forward-looking story, one of growth, one of building and one of moving the company towards cash flow. We have a team here that is dedicated to accomplishing those tasks and accomplishing it for the long-term not just the current price cycle or current project. We are in it for the long run. Everyone of my senior team members all have 25 to 30 years experience in the business. We are all professionals. We have been in this our entire lives. That is the key point. We are here for the long-term. I invite our shareholders and investors to watch us grow and to be there to enjoy the profits from that over the long term.” - James K. B. Hesketh

Commercial Real Estate Finance
Across America Real Estate Corp. (AARD-OTC: BB)
“What we offer in our business is that we work with retailers, developers, to construct and accelerate growth in their businesses. A number of retailers nationwide are on a significant growth path and those retailers turn to preferred developers in the industry to do their construction. Developers may be able to, with their own financing and capital resources, do a few projects a year, but using our financing solution, they are able to do many projects a year and expand their reach and range for the retailer. Therefore, the way we see it is that it is an all around win because the retailers are able to expand their footprint more rapidly and the developers will do and complete more projects in the course of a year or even over a few years.” - Ann L. Schmitt

January 4, 2007
Healthcare, Financial & Consumer Goods

Healthcare
Biotechnology
IntelGenx Technologies Corp. (IGXT-OTC: BB)
“We have two platform technologies; the first involves multi-layer tablets and uses controlled erosion of inactive cover layers as a mechanism to control the release of the active drug from a non-erodible plastic core. This technology was designed to provide zero-order release and is applicable to a large number of pharmaceutically active drugs, particularly to drugs that are highly water-soluble. We developed this technology in order to compete against relatively expensive technologies, like osmotically controlled systems that involve more complex mechanisms to provide zero order drug release. The second technology is a breakthrough technology. We have developed instantly disintegrating film strips into which we incorporate certain pharmaceutically active compounds. These film strips have certain unique properties compared to conventional oral delivery systems, like extremely fast onset of action, because they melt rapidly in the oral cavity. They can also be used to increase the bioavailability of drugs that undergo a so-called first-pass effect when given the conventional oral route. This delivery system is particularly suitable for indications that are characterized by sudden attacks, like migraine.” - Horst Zerbe

Healthcare
Medical Appliance & Equipment
Orthofix International N.V. (OFIX-NASDAQ)
“If you look at our balance sheet, you will see that we have a strong financial situation, even though we have taken on some debt to do this acquisition. We still generate a good amount of cash, so our debt repayment ability is very solid. What people may miss is that, for a small cap company, we are very strong financially and we are in very attractive markets. That sometimes is lost sometimes on people when they look at us because people tend to think of Orthofix as being an external fixation company only or a stimulation company only. In fact, we are much broader than that and our financial strength is much greater than a typical company with our market cap.” - Alan W. Milinazzo

Financial
Regional-Mid-Atlantic Banks
Tidelands Bancshares Inc. (TDBK-NASDAQ)
“Our company is a young company and we have built a lot of momentum, which is important. You are investing in a young exciting company with strong management that is in great markets. You can translate momentum over a period of time into the stock price, which has a tremendous amount of potential. I’m a big stake holder myself, with a lot of my own skin in the game.” - Robert E. Coffee, Jr.

Consumer Goods
Food Distributor
Nascent Wine Company, Inc. (NCTW-OTC: BB)
“Remember that Mexico is a $46 billion marketplace and we are the first ones to the market and an entrepreneurial company. People should keep looking out for our press releases as we make acquisitions and sign exclusivities, because those are the two things that are going to make the company grow.” - Sandro Piancone

December 21, 2006
Services, Exploration & Metals/Mining

Services
Business Services
Applied DNA Sciences, Inc. (APDN-OTC: BB)
“The beauty of our platform is that no equipment is required on the part of our customers. These are methods that require no retooling; they are seamlessly integrated with existing manufacturing protocols. Moreover, our platform is one that can be integrated easily with the security platforms that are existent already. For example, including DNA in a barcode is as simple as printing the barcode and having DNA included in the ink. Including DNA in a hologram is just as simple, or in an optical strip or any of the various security devices. There is no serious investment. The revenue model for us involves a licensing fee, and a volume based price for the DNA included in the marking and then a final revenue line coming for us based on the process of authentication if the data required is at a forensic level. That is the kind of data that a brand owner or manufacturer would want to have if they are serious enough to prosecute a counterfeiter. Clearly they are out there; I heard recently on CNN that LVMH Moët Hennessy Louis Vuitton SA who owns many valuable brands, had in 2006, launched over 18,000 individual civil suits against people who were infringing their brand with counterfeit products.” - Dr. James Hayward

Exploration
Metals/Mining
Century Mining Corporation (CMM-TSXV)
“We are one of five or six small emerging producers out there that are actually producing the metal, making enough cash flow to pay our salaries, pay our head office costs, our exploration costs, and that is how you start a company and grow a major company.” - Margaret M. Kent, B.Sc., M.Sc.

Metals/Mining
Gold
San Gold Corporation (SGR-TSXV)
“Our edge is that we are a small company that is very experienced in this kind of mining. We are not driven by large volumes, we are a classic Canadian themed miners. We go after low volumes of rock with high contents of gold. We probably have the most stable politics in the world, including land tenure. We have all of our permits in place and our energy costs, which trouble a lot of companies, are stable. We also have the lowest energy costs in North America, as Manitoba is an energy exporter; so that’s all locked in for us. We have toll road access all infrastructure and a mining town right around our line. Therefore, we basically have it all as far as assets, infrastructure, stability, costs and experience.” - Dale Ginn, B.Sc., P.Geol

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Commercial Real Estate Finance
Across America Real Estate Corp. (AARD-OTC: BB)
“What we offer in our business is that we work with retailers, developers, to construct and accelerate growth in their businesses. A number of retailers nationwide are on a significant growth path and those retailers turn to preferred developers in the industry to do their construction. Developers may be able to, with their own financing and capital resources, do a few projects a year, but using our financing solution, they are able to do many projects a year and expand their reach and range for the retailer. Therefore, the way we see it is that it is an all around win because the retailers are able to expand their footprint more rapidly and the developers will do and complete more projects in the course of a year or even over a few years.” - Ann L. Schmitt

Healthcare
Biotechnology
Polydex Pharmaceuticals Ltd. (POLXF-NASDAQ)
“With regard to our existing Dextran line of business, we are presently working 24 hours a day, 7 days a week, and our order book is full for half way through next year (2007). We are in the process of refurbishing our facility to significantly increase our production, which will increase sales and increase our profitability. The Cellulose Sulphate is what I would call the proverbial ‘home run’. That product, which my father nicknamed Ushercell, is a potential contraceptive microbicide, for human use, and the potential there is mind-boggling. The concept is that is could be used by a woman   prior to intercourse as a vaginal gel and it would prevent conception. There are no hormones in it and it is more of a barrier method in that inactivates sperm. Therefore, there is no concern about hormone levels going up and down and the resultant problems. From a microbicide standpoint, when it gets to market it would be a compound that would help stop the transmission of sexually transmitted diseases such as Chlamydia, Gonorrhea and HIV. Therefore, it could help stop the spread of AIDS.” - George G. Usher

Healthcare
Specialty Pharma
Paladin Labs Inc.  (PLB-TSX)
“The vision was to become a leading specialty pharmaceutical company. Put another way, the goal was to build a successful organization in specialized therapeutic areas. We are currently present in the categories of urology, endocrinology, women’s health, allergy and most recently pain.  While we have acquired many new products, the management has been diligent in ensuring that we did not take excessive financial risks. Over the last 10 years, we have deployed our resources very effectively, which is something we continue to do.” - Ms. Samira Sakhia

December 7, 2006
Healthcare, Financial, Services & Technology

Healthcare
Healthcare-IVD (in-vitro diagnostics), Medical Devices
StatSure Diagnostic Systems, Inc. (SSUR-OTC: BB)
“Inverness Medical Innovations said that our barrel technology to screen for HIV, is something they would like to sell throughout the world, particularly in the United States. On September 29th, we announced several deals that established Inverness as the world-wide, exclusive distributor of a new, rapid HIV product that will be exclusively manufactured by Chembio, with whom StatSure has settled its long term patent litigation. StatSure and Chembio will split all margin dollars, once the cost of manufacturing has been deducted. Inverness wanted to take advantage of our Intellectual Property and Chembio’s recent FDA approval of the HIV barrel test. To do so, we put a 3-way deal together where everybody wins, so it made sense for us to end our litigation. That sounds simpler than it was; it took months of hard work to put this 3-way deal together. We think this is a terrific deal and  feel that it demonstrates the potential this rapid testing format has in terms of convenience, ease of use, performance and marketability for HIV now, and ultimately, for a menu of new product opportunities.” - Steve Peltzman

Financial
Insurance
Kingsway Financial Services Inc. (KFS-NYSE & KFS-TSX)
“I think people should think of us as a well diversified North American specialty insurance company; we are focused on underwriting profit and insuring that we have a high-quality investment portfolio. One of the nice attributes about Kingsway today is the leverage that we have in our investment portfolio relative to the book value of our shares. Our shares book value at the end of last quarter was just a little over US$16.00, and currently the investment portfolio on a per share basis is close to US$56.00. Therefore, an investor today is getting 3.4 times leverage on the book value per share, which I think should go a long way to sustain our earnings going forward.” - W. Shaun Jackson

Services
Education & Training Services
Whitney Information Network, Inc. (OTCBB:RUSS)
“What attracted me to Whitney Information Network were three primary areas; the first is that we compete in a very vast growing and important sector in the economy, which is a post-secondary educational area. The second is that Whitney Information is a leader within a very important segment and that is the area of non-accredited, relevant and actual education targeted to individuals and businesses. Thirdly, we have a terrific team of hardworking well-intentioned individuals who are trying to make a difference in people’s lives.” - Alfred R. Novas

Technology
Remote Access Service
01 Communique Laboratory Inc. (ONE-TSX)
“We have quite a diverse customer base. Many people learn about our product from the Internet, because we have search engines that point to our product. We also have won over 100 industry awards; just last week we won the Tech Innovator Company of the Year in the SMB category from VARBusiness Magazine, a CMP publication. We just got the award last week from award services in Huntington Beach California. We have customers on a subscription basis as well as from a server basis; all kinds of small and medium sized businesses; from US, Canada, European countries, Asian countries; pretty much all over the world. Outside North America, our largest customer installation base is Hitachi (NYSE: HIT) in Japan, who has more than 3000 users. They like our solution so much that they have even customized and local branded the I’m InTouch™ solution into a product called DoMobile in Japan. They are marketing that product in Japan for all of the larger corporations as well as SMBs.” - Andrew Cheung

November 24, 2006
Environmental, Industrial Goods, Financial, Consumer Goods, Technology, Energy & Platinum Exploration

Environmental
U.S. Microbics, Inc. (BUGS.OB)
“I think BUGS has made a lot of internal changes in the past year as we have redefined our long term goals and objectives to react to the needs of the marketplace. When we talked last year, we were just starting to become entrenched in Mexico working with various state governors, federal agencies including their EPA, and the national university who is now our partner on many environmental cleanup projects. We are creating an environmental industry with new job opportunities and less pollution for the Mexican people. They have embraced our technology, our project management skills and experience and I believe BUGS has a bright future in Mexico in the years ahead.” - Robert Brehm

Industrial Goods
Machine Tools & Accessories
Flow International (FLOW-NASDAQ)
“I’ve had the good fortune to frequently speak with people considering an investment in Flow and what I encourage them to do is look not only backwards at our history and resurrection, but to look forward at what this management has in focus and the excellent products we’re bringing to this rapidly growing market. We know how this company makes money, and we are intensely focused on it. This company possesses a highly desirable technology in an underserved market. Increasing penetration though organic growth is a reliable and proven means of generating very strong growth and profitability, with positive cash flows for many years. The development of new applications for our system, the very rapid growth in composites manufacturing where waterjets excel, and the application of low weight composite materials to a widening range of products, all bode well for the future of waterjetting. Since we are focused on superior execution in our served markets, we are confident we are growing a profitable company with high levels of customer and stakeholder satisfaction; I think we make an attractive investment for those who have a long horizon. There are few industrial companies that I am aware of that have both the current growth rate and the sustained growth potential that we have coupled with proven profitability.” - Stephen R. Light

Financial
Property & Casualty Insurance
Bristol West Holdings, Inc. (BRW-NYSE)
“The Select 2.0 product is our latest iteration and our Select 1.0 product actually has been a very successful product for us. The differentiation for the Select 2.0 product is that we have our own proprietary credit model, which is imbedded in the rating structure for Select 2.0. Historically, we have bought credit scores from other vendors. Now we are obtaining directly the various components that the credit score vendors use to develop a credit score and actually fitting that data to our own policyholder database. Secondly, we are using our own proprietary symbol set, which is “insurance speak” for vehicle factor; in other words, some vehicles are inherently more risky than others are. Thirdly and perhaps the most important of the three, is that this product is based on multivariate analysis. That allows us to assess or price the risk simultaneously for a multitude of factors, which are things like years of driving experience, make and model of vehicle, territory and some of the other items that you want to rate.” - Craig E. Eisenacher, CFO

Consumer Goods
Dairy Products
Lifeway Foods Inc. (LWAY-NASDAQ)
“We really do not have competition per se; we just acquired our only competitor Helios Nutrition Limited and we just made that acquisition in the summer. In kefir there is no competition anymore; we now operate both brands and control both brands. Aside from that, I would say that our competition would be other cultured dairy products or other beverages. However, as probiotics continues to gain distribution and awareness in people’s minds, they are coming on board. We have a superior product, with 10 live active cultures and no other cultured dairy products have all of cultures that we have. Therefore, we beat our competition by making a high-quality product.” - Julie Smolyansky

Technology
Diversified Electronics
Hoku Scientific, Inc. (HOKU-NASDAQ)
“Our vision initially was to be a leader in the fuel cell industry but we have expanded to become a leader in clean energy technologies which now includes solar. We are positioning ourselves to be a leader in both of these industries; however, in the fuel cell business there have been delays in the revenue ramp-up. Although we have the capability to mass-produce our product, the sales that we initially anticipated, are a bit slower than expected. We knew that this was a possibility, which is why we have maintained a high cash balance in order to sustain our business until the industry does kick-off. For the solar business, we recently announced plans to construct polysilicon and solar facilities. Our plans are to fund the construction through customer prepayments and debt.” - Darryl S. Nakamoto

Energy
Hydrogen Engine Center, Inc. (HYEG-OTC: BB)
“Over the last three years we developed an engine from scratch and we are shipping those engines out, it is shipped under the name Oxx Power™ and we build it here in Iowa. Over last year we built a facility; we brought on about 60,000 square feet of manufacturing space. We have added about 28 people, both here and in Canada, and we are on schedule.” - Ted Hollinger

Platinum Exploration
Metals/Mining
Beartooth Platinum Corporation (BTP-TSXV)
“We have a heck of a good address at Stillwater. We have put a good team together of experts in platinum/palladium and in how to explore, develop and find mines, both underground and open-pit. I want to develop Beartooth as a premium Platinum Group Metal exploration and development company. We are looking for other opportunities and if something we find on which we want to do more work then after we finish the field season at Stillwater we will develop these other opportunities.” - Michael D. Johnson

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Financial
Insurance
Kingsway Financial Services Inc. (KFS-NYSE & KFS-TSX)
“I think people should think of us as a well diversified North American specialty insurance company; we are focused on underwriting profit and insuring that we have a high-quality investment portfolio. One of the nice attributes about Kingsway today is the leverage that we have in our investment portfolio relative to the book value of our shares. Our shares book value at the end of last quarter was just a little over US$16.00, and currently the investment portfolio on a per share basis is close to US$56.00. Therefore, an investor today is getting 3.4 times leverage on the book value per share, which I think should go a long way to sustain our earnings going forward.” - W. Shaun Jackson

Financial
Regional-Mid-Atlantic Banks
Tidelands Bancshares Inc. (TDBK-NASDAQ)
“Our company is a young company and we have built a lot of momentum, which is important. You are investing in a young exciting company with strong management that is in great markets. You can translate momentum over a period of time into the stock price, which has a tremendous amount of potential. I’m a big stake holder myself, with a lot of my own skin in the game.” - Robert E. Coffee, Jr.

November 9, 2006
Services, Financial, Technology & Consumer Goods

Services
Electronics Wholesale
Brightpoint, Inc. (CELL-NASDAQ)
“Brightpoint is incredibly well situated within the wireless industry and one of the key reasons investors make an investment in Brightpoint is because they have confidence in the growth of the wireless device industry. We are a pure wireless play and are agnostic as it relates to any of the technologies and we are well diversified in terms of our customer and supplier base within the wireless space. An investment in Brightpoint is an investment in the wireless device industry. Economies of scale in our business drives operational efficiencies and helps in margin expansion. In 2005, we handled 42 million wireless devices globally and are on track to grow faster than the wireless device industry in unit growth this year. It is such an exciting place to be in today, as we continue to see the capabilities of these wireless devices expanding. Converged smart devices are fast becoming an extension of your desktop and are able to run smart applications for an enterprise user. Compelling form factors, embedded MP3 players and higher mega-pixel cameras continue to drive the replacement cycle, which is the single largest factor fueling the wireless devices demand on a global basis.” - Mark Howell

Financial
Regional – Pacific Banks
Community Bancorp (CBON-NASDAQ)
“Most people would think this is a very liberal community, but Las Vegas is a very conservative community in the general sense, and that is even including the casino industry. It is a growth market and it has always been growing. It becomes almost a cultural issue that growth is part of who we are and what we do. Further, it is growth in many aspects whether it is population, building or casino growth. Likewise, as a business model, we have very little consumer or retail trade. We focus on the high-end cap net-worth individuals as well as the business, whether it is a medical profession, building trade, architects or engineers. We have a high percentage in construction lending; that is what we manufacture here in Las Vegas.” - Edward M. Jamison

Consumer Goods
Beverages-Brewers
Redhook Ale Brewery, Inc. (HOOK-NASDAQ)
“The products that we make are all top fermented ales, which are a more English style of beer than the typical national American beer, which is a lager beer. The ales are more expressive, fuller flavored; tend to be stronger, more interesting, and richer product. Our flagship product Redhook E.S.B. is a very strong rich amber ale. Our fastest growing product is Redhook IPA, which is an India Pale Ale. It is very strong and has great intense hops. Therefore, our products are highly differentiated from what the average American thinks of when they think of a beer.” - Paul S. Shipman

Technology and Consumer Goods
Seafood
Neptune Industries, Inc. (NPDI-OTC: BB)
“We are a unique industry in the United States as well as worldwide, because we are not just a fish farming company. We are on the verge of creating that new business model of being vertically integrated from production, purchasing, distribution and value added products in the seafood markets. However, most excitingly is we have technology to bring to the industry in a diversity of forms and with the success of any one of those aspects of patent pending technology, there will be a huge windfall for the company. There is a lot of opportunity as well in Neptune, because of the fact that we are a public entity. We are on of only 2 public companies in our industry, the Aquaculture industry in the United States and we are the only operating company. Therefore, that affords us a number of key capabilities and one of which is to consolidate a very fragmented industry.” - Ernest D. Papadoyianis


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Technology
Remote Access Service
01 Communique Laboratory Inc. (ONE-TSX)
“We have quite a diverse customer base. Many people learn about our product from the Internet, because we have search engines that point to our product. We also have won over 100 industry awards; just last week we won the Tech Innovator Company of the Year in the SMB category from VARBusiness Magazine, a CMP publication. We just got the award last week from award services in Huntington Beach California. We have customers on a subscription basis as well as from a server basis; all kinds of small and medium sized businesses; from US, Canada, European countries, Asian countries; pretty much all over the world. Outside North America, our largest customer installation base is Hitachi (NYSE: HIT) in Japan, who has more than 3000 users. They like our solution so much that they have even customized and local branded the I’m InTouch™ solution into a product called DoMobile in Japan. They are marketing that product in Japan for all of the larger corporations as well as SMBs.” - Andrew Cheung

Energy
Hydrogen Engine Center, Inc. (HYEG-OTC: BB)
“Over the last three years we developed an engine from scratch and we are shipping those engines out, it is shipped under the name Oxx Power™ and we build it here in Iowa. Over last year we built a facility; we brought on about 60,000 square feet of manufacturing space. We have added about 28 people, both here and in Canada, and we are on schedule.” - Ted Hollinger

October 26, 2006
Exploration & Healthcare

Exploration
Metals/Mining
Hi Ho Silver Resources Inc. (HIHO-CNQ)
“I was attracted to Hi Ho Silver because I liked it and because of the size. I had some ideas on silver projects; I am a believer in silver at these prices and I am going to look for additional silver or another project. With the size of the Carmi molybdenum project, if you start to prove up the numbers that you think could be there, it could be a billion-dollar plus project over time. Molybdenum was a forgotten mineral for a long time until Southeast Asia starting booming and price hit as high as $34.00 a pound and I do not think there is any slowing down. It is a key alloy; 75% of all moly produced goes to steel, it is a versatile mineral. It just seemed like the right thing to do at the time.” - Fred Fisher

Healthcare
Specialty Pharmaceuticals
Somaxon Pharmaceuticals, Inc. (SOMX-NASDAQ)
“We started Somaxon three-and-a-half years ago with a goal of building a specialty pharmaceutical company focused on products where there is already a significant base of human experience behind them, but through some way, whether it is a dosage or a different use, we have a chance to take these older established drugs and turn them into new products. In effect, this allows us to start the drug development race somewhat closer to the finish line.”

“Insomnia is one of the most exciting market opportunities because there are close to 70 million people that suffer from insomnia and only a small portion who take prescription drugs. People are concerned about the currently available drugs, most of which are schedule IV controlled substances, which means they are potentially addictive. Many of these help people fall asleep faster, but do not help people to sleep all through the night or into early hours of the morning, and most have a lot of side-effects. We have a drug called SILENOR with data from the first Phase III study that suggests it can be useful in helping people fall asleep and sleep all through the night. The safety profile that we have seen so far in clinical trials looks quite encouraging; the drug is not addictive, and it never has been a controlled substance, or regulated as such. We think this could be for a lot of people, a very interesting choice to get them the benefits they want without a lot of side effects and without the risk of dependency.” - Kenneth M. Cohen

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Financial
Diversified Investments
Safeguard Scientifics, Inc. (SFE-NYSE)
“We have been at this game plan for about a year and we have a strong first year report card, where we have created value and realized that value. We have a very attractive exit that we just announced for one of our companies that produced a significant gain for us on top of that. We have a five-part game plan:  reposition, time, ignite, augment and execute. We are repositioning from an operating company to holding company mindset where operators hold and then harvest for the earnings that come in. Holding companies build value and then time their exits for a maximum risk adjusted gain. We have ignited our deal machinery and augmented our organization and we are executing our strategy boldly. Our vision, simply stated, is that we are a preferred catalyst. We build value and create great information technology and life sciences companies.” - Peter J. Boni

Financial
Property & Casualty Insurance
Bristol West Holdings, Inc. (BRW-NYSE)
“The Select 2.0 product is our latest iteration and our Select 1.0 product actually has been a very successful product for us. The differentiation for the Select 2.0 product is that we have our own proprietary credit model, which is imbedded in the rating structure for Select 2.0. Historically, we have bought credit scores from other vendors. Now we are obtaining directly the various components that the credit score vendors use to develop a credit score and actually fitting that data to our own policyholder database. Secondly, we are using our own proprietary symbol set, which is “insurance speak” for vehicle factor; in other words, some vehicles are inherently more risky than others are. Thirdly and perhaps the most important of the three, is that this product is based on multivariate analysis. That allows us to assess or price the risk simultaneously for a multitude of factors, which are things like years of driving experience, make and model of vehicle, territory and some of the other items that you want to rate.” - Craig E. Eisenacher, CFO

Telecommunications
Internet Telephony
CounterPath Solutions, Inc. (CTPS - OTC.BB)
“We are well positioned in the market because we picked SIP very early and built a practice area around it. As a result of picking SIP early, we are very much ahead of competition from the very small competitors to the very large ones. We are attracting some very high-quality engineering resources who believe in what we are doing. Sixty people are a reasonable large software company particularly focused on this space.” - Donovan Jones, MBA

Industrial Goods
Manufactured Housing
Deer Valley Corporation (DVLY-OTC: BB)
“Our specific niche in the market is in the high-end of the HUD code houses. Our houses are finished almost exactly like the interior of a site-built house. When you look at or touch a wall in our homes, it has the same look and feel as you would have in a site-built house with sheet rock construction, full height ceilings. We build what is called a ‘heavy built house.’ We coined the term because as far as we know, we build the heaviest house. All of our floor joists, for example, are two by eights on sixteen-inch centers. The HUD code will allow you to build them on 22-inch centers. Our exterior walls are two-by-sixes, where even most site-built houses are two-by-fours. The same thing in the roofing structure and everything else; we just build a very solid permanent house. When you are inside one of our houses, you have no idea it was not built on-site.” - Charles G. Masters

Platinum Exploration
Metals/Mining
Beartooth Platinum Corporation (BTP-TSXV)
“We have a heck of a good address at Stillwater. We have put a good team together of experts in platinum/palladium and in how to explore, develop and find mines, both underground and open-pit. I want to develop Beartooth as a premium Platinum Group Metal exploration and development company. We are looking for other opportunities and if something we find on which we want to do more work then after we finish the field season at Stillwater we will develop these other opportunities.” - Michael D. Johnson

October 12, 2006
Services & Technology

Services
Security & Protection Services
Tri-S Security Corp. (TRIS-NASDAQ)
“We are in a business that has found itself being pushed to the front page of newspapers all over the country and 6:00 news nationwide because of the events in the world. We believe that this is an industry that will see tremendous growth. Because of our management capability, vision, and business model, we should be a major player in that growth industry over the next few years.” - Ronald G. Farrell

Technology
Business Software & Services
Emageon Inc. (EMAG-NASDAQ)
“We feel like we have been able to demonstrate an early understanding of the importance of imaging being used enterprise-wide in hospitals as opposed to companies that have sold PACS systems only to the department of radiology. We have, from the beginning, tried to design a robust content management solution that allows hospitals to store all images from all sources in one central place and then have access points throughout the enterprise to retrieve that data and use it not only in a flat panel image but in a 3-D rendering. It provides them the ability to do better surgical planning and those kinds of things. We feel like our service group has done a very nice job in the implementations that we have put in hospitals throughout the country. We get very high marks from customers on our implementation, integration with other systems, timeliness, hitting deadlines and most of all the training of the staff within the facility, which not only includes the physicians, but the radiology technologists, systems administrators and other users.” - W. Randall Pittman

Technology
Wireless Communications
Airspan Networks Inc. (AIRN-NASDAQ)
“We believe we have the best spectral efficiency of all of the products we compete against. We were the first company to introduce in 2005, an end-to-end certified WiMAX broadband solution. Most companies were looking for certified WiMAX product, could come to only one company to get end-to-end, meaning everything from the equipment that goes to the subscriber premises all the way to the equipment that is located at the edge of the core phone company network. Those are the most important factors.” - Peter Aronstam

September 28, 2006
Exploration, Financial & Healthcare

Exploration
Geophysical Surveys
Aeroquest International Limited (AQL-TSXV)
“The opportunity for a service company like ours in the mining services business is that we make money off of every survey; our success is not necessarily dependent on the exploration success of the companies that use our products. We think that using our product improves their odds of success and for that reason that they will continue to use it again and again. However, with any given company on any given survey, we make money regardless of whether or not the company finds anything. Therefore, it is a very attractive way to participate in the growth of the exploration industry without subjecting yourself to the risk of an individual company not finding an economic deposit.  We make money on every prospect.” - Roy Graydon

Financial
Regional Banks
American National Bankshares Inc. (AMNB-NASDAQ)
“The greatest revenue right now is in the area of commercial loans and commercial lending - dealing with small businesses. That is by far our greatest revenue source; however, a lot of banks don’t have what we do have, and that is our highly profitable trust and investment services division. We have over $400 million in assets under management and that does not show when you look at us. When you talk about a bank of $800 million, those trust and investment assets are not included in that amount. A very profitable trust and investment services division is unusual for a community bank of our size.” - Charles Majors

Financial
Community Banks
The First Bancshares, Inc. (FBMS-NASDAQ)
“We have outperformed our personal goals and our corporate goals. We see this as still a new venture with new opportunities. We look back to 1969 when one of our competitors Hancock Bank (Hancock Holding Company – NASDAQ: HBHC) on the coast, during the Camille hurricane challenge was an $80 million dollar bank. Almost forty years later they are a $5 to $6 billion bank, and we have all grown since the hurricane. Therefore, we see ourselves on the brink of a new day in south Mississippi. We are not looking to expand outside the state right now; we see a tremendous amount of activity in the next 4 or 5 years of rebuilding and rediscovery of our state and our area of the state. We are excited to be in this position. Our numbers both recently and from our beginning show tremendous trends. We have struck a good balance between both growth and earnings growth, and we will continue to strive for that balance. We know growth is important but also the return for investors is important as well. Just looking at our history, I think we can be equally as excited about our future.” - David E. Johnson

Financial
Property & Casualty Insurance
Argonaut Group Inc. (AGII-NASDAQ Global Select)
“Given our smaller size, it became apparent several years ago that Argonaut Group needed to transition its underwriting strategy to target higher margin market opportunities. That meant diversifying our product portfolio and revenue stream and moving away from the highly competitive business then dominated by the large insurance carriers. Our shift in business strategy coincided with several opportunistic acquisitions that allowed us to pursue underserved markets comprised of small- to medium-size businesses in a number of niche industries. As a result, Argonaut Group now maintains market-leading positions in several niche areas including independent grocery stores, restaurants, dry cleaners, Pennsylvania coalmines and other small businesses. Additionally, our operations today are more nimble, which allow us to react more swiftly to marketplace conditions throughout the cycle and make better decisions about the business we pursue.” - Mark W. Haushill

Financial
Savings & Loans
Security Federal Corporation (SFDL-OTC: BB)
“We hope to grow about 10 to 15% a year in assets. We are looking at expanding in the Columbia South Carolina area. We currently have 2 branches there and we hope to increase that to 5 or 6 branches in the next 5 to 10 years. We plan on opening a branch in the Augusta, Georgia metro area in Columbia County, Georgia, which is the second fastest growing county in Georgia, in the next twelve months and then adding two or three more branches in the Augusta area over five years. We plan on steady growth and earnings.” - Roy G. Lindburg

Financial
Business Banks
Indiana Business Bancorp (IBBI-OTC: BB)
“What preferred lender status by the Small Business Administration does for us is instead of going through a longer, 2 or 3 week approval process for an SBA loan; we have delegated authority that within 24 hours we can approve SBA loans on behalf of the SBA. This puts us on the same footing as any of the large banks in our marketplace. Therefore, no one can promise quicker turnaround time than we can provide with our SBA loan.” - James S. Young

Healthcare
Biotechnology
SemBioSys Genetics Inc. (SBS-TSX)
“We were happy to announce recently, that we have achieved commercial levels of insulin expression in safflower. What that means is that we now have safflower plants, which we use to produce our proteins, that are producing enough insulin to make our process extremely cost-effective, the ability to reduce cost of goods about 40% or more, capital costs about 70% or more and offering an unparallel degree of flexibility. It is important to note that this was a major de-risking element for the insulin program in that the biggest concern that we had was biological; could the plants accumulate enough insulin to make our process economical. Other people have tried and failed, we succeeded. The balance of our development process is mainly execution, it is within our control, and we are very good at execution in this company. Our next milestone is getting insulin into the clinic in 2007; we believe that using an abbreviated 505 (b) (2) clinical trial, we could be in the market as early as late 2009 or 2010.” - Andrew Baum

September 14, 2006
Technology, Financial & Healthcare

Technology
Application Software
Morgan Beaumont, Inc. (MBEU-OTC: BB)
“The real advantage of Morgan Beaumont, and this is why we are unique, is that we are primarily a technology company that owns and operates an open, compliant, certified and scalable debit network, licensed at the federal and state level to conduct financial transactions, coupled with the fact that we are also program managers.  To our knowledge, there is not another company that can do all of that. Could somebody get into this marketplace? Sure they could; but it is going to take a lot of money and time, and they are going to have to be a technology-based company to accomplish some of the things that we have already done. Why do we think that is not likely to happen? Because of our business model, we are giving it to our competitors, we are saying you do not have to build it, here it is, just pay us when a transaction occurs.” - Clifford Wildes

Technology
Business Process Integration
Visiphor Corporation (VIS-TSX)
“We have a technology that addresses a huge and pervasive problem in many industries that are focused on finding solutions for this problem: Healthcare, for example, wants an integrated health record. Law enforcement wants an integrated view of disparate data across many of the information systems that exist in that area. Financial services need a way to get consolidated views of worldwide data. There is a great need for what we do, and we do it as well – if not better – than anyone else in the world.” - Roy Trivett

Technology
Secure Identity-Managed Computing Solutions
Route1 Inc. (ROI-TSXV)
“With the MobiKEY, and the various software components loaded up, it allows me to go to any Windows-based, Internet connected computer anywhere on the planet and quickly plug in and have my desktop presented to me on remote terminal. However, enabling the connection is not where we stopped. Because of some of the security issues in terms of the keyboard loggers online with remote computer, if there are viruses or Adware that I may be unaware of, it would normally limit if not terminate any sort of use of that computer in the corporate world because I just don’t know what is on it. Therefore, we developed a solution running within MobiKEY that allows us to load our applications temporarily in memory and present my desktop that I want to access in that environment without being compromised by any sort of other applications that are running on the computer. In addition, not only is the transmission of the data highly secure, but also the actual representation on the terminal is also secure. Once I’m done, I just pull my key out and what I have just been doing self-destructs and leaves no trace on the computer that I was doing the work on.” - Andrew White

Financial
Community Banks
The Private Bank of California (PBCA-OTC: BB)
“The vision of the founders of this bank based on the analysis of the market is that the Westside banking market is under-banked, for those kinds of clients and prospects that are interested in dealing with full-service bank that provides high-level personal service. Many fine banking institutions serve the Westside; however, most of them are quite large and often impersonal. If you look at the number of independent banks located on the Westside of Los Angeles, it is a smaller number than four or five years ago. We viewed it as a significant opportunity for a bank with high levels of service and experienced management to reach out to this community and that portion of the community that wants to deal with a bank that can provide high levels of service and have high levels of access to the management, staff and board.” - Steven D. Broidy

Financial
Community Banks
Coronado First Bank (CDFB-OTC: BB)
“We set ourselves apart from the competition by the service. When you walk into the door, you are not just a number but also a name. We call everyone by name; we know our customers, we are like a family here and we treat customers like that with respect. The turnaround is very efficient. We are able to provide all of the services that a big bank can provide but in a much more service-oriented light.” - Bruce A. Ives

Healthcare
Biotechnology
Forbes Medi-Tech Inc. (FMTI-NASDAQ & FMI-TSX)
“We had done some early work in the nutraceutical and clinically proven ability of sterols to reduce LDL. Our goal was to take that technology, apply it to the nutraceutical market in the form of food ingredients and supplements and more importantly to develop our technology further into the area of sterol analogues and their application in pharmaceutical compounds. As a result, over the last four or five years we have been able to build up the revenue generating nutraceutical business as well as a healthy pharmaceutical development program, which has a lead compound in Phase II and a pipeline of other analogues, which we are hoping to develop further in the coming months and year.” - Charles Butt

Healthcare
Biotechnology
Health Sciences Group Inc. (HESG- OTC:BB)
“The company recognizes that there is huge opportunity for its platform of products. We are committed to bringing in talent to execute not only the current platform, but to renew and reimagine products that can be out there to address the growing opportunities.” - Stuart A. Gold

August 31, 2006
Basic Materials, Technology, Finance, Healthcare & Pet Supplies