Futures and Commodity Market News

Mon May 12, 2008

Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts

May 09, 2008 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch today include USA Video Interactive Corp. (OTCBB: USVO), Titan Oil & Gas Inc. (OTC: TNOG), Cannon Exploration Inc. (OTC: CNEX), Radio One Inc. (NASD: ROIA and ROIAK), Presstek Inc. (NASD: PRST)

Visit http://www.otcpicks.com to register for our Daily Market Mover's Digest Newsletter and Email Stock Watch Alerts.

USA VIDEO INTERACTIVE CORPORATION (OTCBB: USVO)

Detailed Quote: http://www.otcpicks.com/quotes/USVO.php

Company Profile: http://www.otcpicks.com/usa-video/usa-video.htm

USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort, MediaSentinel and SmartMark digital watermarking products and technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of USVO, holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. Visit www.usvo.com or the company showcase on Investoideas.com at www.investorideas.com/CO/USVO/Default.asp.

USVO News:

May 7 - India's Growth Story; Spending and Innovation in PC Markets, Cell Phone Markets, Green Technology and Digital Media & Entertainment

USA Video Interactive Corp.'s Digital Watermarking Technology Deployed in Bollywood

www.IndiaStockMarket.com, a global investor website for investing in India within Investorideas.com, reports on the rapid economic growth story in India and some of the key sectors that are impacted. With an economy growing at nine percent, spending and innovation in technology across personal computers, cell phones, greentech and digital media is on the rise.

USA Video Interactive Corp.'s (OTCBB: USVO) (CDNX: US.V) recently announced that four production and distribution companies in Bollywood, the world's largest film and entertainment industry, based in Mumbai, India, will be deploy their unique digital watermarking product, MediaSentinel(TM), to protect against piracy domestically and internationally. The companies will begin using MediaSentinel(TM) through PIO TV Pvt. Ltd. (www.pioTV.com), India's only digital integrated media Platform Company.

India's Media and Entertainment is accelerating and according to industry stats, was worth INR402.43 billion (USD9.12bn) in 2006, a growth of 13.98% over 2005, which is higher than GDP growth rate.

"It is expected that the industry will grow at a CAGR of 34.17% during 2006-10."

At the Seoul Digital Forum, Sumner Redstone, Chairman of Viacom and CBS Corporation (Market, News) stated in his keynote, "Governments in China and India are starting to take an active interest in reinforcing copyrights, if only to protect their own home grown content."

Shemaroo Entertainment, an Indian company and distributor of Indian films, recently reported it expects to grow at a compounded annual growth rate (CAGR) of 30 to 35 per cent over the next three years but also raised concerns over video-piracy, which causes the company Rs 650 crore in revenue-losses.

In the cellular sector, Reliance Communications Limited, ( BOM:532712 ) an integrated communications service provider with an individual, enterprise and carrier customer base of over 30 million announced Financial results for the year ended March 31, 2008 with net profit up by 70.8% and revenue higher by 31.8 %. Reliance is the most profitable integrated telecom company in India, which has grown to become the world's second biggest cell phone market, following China. India grew to a 200-million cellular subscriber mark as of September 2007.

In the tech sector, according to recent reports at www.idcindia.com, "India's information technology and IT-enabled Services (ITeS) industry will more than double in size by 2012."

IDC also announced data earlier, "During calendar year 2007 the overall India Server market factory revenue grew by 24% over calendar year 2006 to touch US$ 727 million* and unit shipments grew by 19% to 135,615 during the same period. Apart from traditional sectors like telecom, BFSI and manufacturing, 2007 also saw the emergence of retail and construction as key demand drivers."

Other research from IDC India notes, "The India Client Personal Computer (PC) market crossed yet another milestone to ship nearly 6.5 million PCs in a calendar year, thereby recording 20% year-on-year growth in unit shipments (compared to 5.4 million units in CY2006)."

From Tech to greentech, business leaders at a US-India renewable energy conference in Washington noted that "India's role as a hub for US technology companies could be mimicked in the renewable energy market," calling for greater deregulation and a global price on carbon emissions to help spur growth in alternative fuel sources.

With rapid economic growth, rising incomes, an increasing number of billionaires and millionaires, forty-four per cent of the Top 100 Fortune 500 companies setting up offices in India, just like China, is a force to be reckoned with.

Facing challenges of rising food costs and oil costs as challenges, India looks ahead to innovation and technology for answers.

ABOUT INVESTORIDEAS.COM

InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.

TITAN OIL AND GAS (OTC: TNOG) "Up 7.89% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/TNOG.php

Titan Oil and Gas, Inc. engages in the development, drilling, and production of oil and gas in the United States. It focuses on the redevelopment of oil and gas fields with a history of production, and exploration and development of new properties. The company holds an option on approximately 250 acres of leases in Bastrop County, Texas. It also owns interest in Wilson County project, Texas. The company was incorporated in 1988 under the name Sierra Gold Corporation and changed its name to PayForView.com Corp. in 1999. Further, it changed its name to James Barclay Alan, Inc. in 2002, to Titan Consolidated, Inc. in 2003, and to Titan Oil and Gas, Inc. in 2005. The company is based in New York, New York.

TNOG News:

May 7 - Titan Oil and Gas Initiates Development of Kern County Project

Management's Geological Research Shows That the Kern County Lease is Within the Ant Hill, Edison and North East Edison Formations

Titan Oil and Gas Inc. (OTC: TNOG) announced that the company has initiated development of its 480 acre project in Kern County, California. Titan management has finished a preliminary report on the lease in Kern County and is satisfied that there is sufficient reason to pursue production on the site. "Having assessed the potential of oil production it seems that in the current environment of rising prices and rapidly improving recovery technology that there is more than enough economic incentive to proceed," according to Titan Oil and Gas President, Brandon Toth.

The area of the lease falls within the zone of three different formations, The Edison, The Northeast Edison and Ant Hill. There are a total of 1810 wells within the fields that surround the Titan Oil and Gas lease in Kern County. The total proven reserves for these wells in 2006, the last year the State of California has data on, was 15,745 Mbbl. Production in the area actually increased from 2005 through 2006 with the introduction of new technology and rising oil prices.

The location of the 480 acre lease is within the Township 29s and Range 29e sections of the BLM oil lease map. Bellaire Oil Co., Pan America Energy Corp, Chevron and BP Exploration are the four major oil producers that own the bulk of all producing wells in these three oil fields as well as throughout the San Joaquin Valley.

Titan Oil and Gas management is forming a team in Southern California that will proceed with the development of the lease. Management will temporarily relocate to the area in order to ensure that execution of its directive is executed in a thorough and diligent manner. Management is currently engaging the services of a petroleum geologist in the area to initiate development of the lease and finally initiate production if tests indicate favorably. Please visit the blog to view the Edison Lease Report in detail.

CANNON EXPLORATION INCORPORATED (OTC: CNEX) "Up 13.10% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/CNEX.php

China Shuangji Cement Corporation, through its interest in Shandong Zhaoyuan Shuangji Group, Ltd., operates in the cement industry in the People's Republic of China and internationally. It offers portland cement and other cement products, which are used in the construction of buildings, roads, and other infrastructure projects. The company, formerly known as Citisource, Inc., was founded in 1983 and is based in Kent, the People's Republic of China.

CNEX News:

May 7 - Cannon Exploration Inc. Updates Shareholders

Cannon Exploration Inc. (OTC: CNEX), a North American mining company, announced that effective May 7th, the company's website (www.cannon-exploration.com) will be live and that an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724.

The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.

The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments.

RADIO ONE INCORPORATED (NASD: ROIA or ROIAK) "Up 15.91% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/ROIA.php

Radio One, Inc. operates as a radio broadcasting company, primarily targeting the African-American and urban listeners, in the United States. The company also engages in the acquisition and investment in other media properties. As of March 6, 2008, it owned and operated 54 radio stations located in 17 urban markets in the United States. In addition, the company also has approximately 36% ownership interest in TV One, LLC, which operates a cable television network featuring lifestyle, entertainment, and news-related programming targeted primarily towards African-American viewers. Further, Radio One, Inc. owns interests in Magazine One, Inc., doing business as Giant Magazine, which operates an urban-themed lifestyle and entertainment magazine business; and Reach Media, Inc. that operates the Tom Joyner Morning Show and related businesses. Additionally, the company has a joint venture, the Broadcaster Traffic Consortium, LLC, to build a nationwide network to distribute traffic data through radio technology. The company was founded in 1980 and is based in Lanham, Maryland.

ROIA News:

May 8 - Clarification Regarding Recent Stock Transactions

Radio One, Inc. (NASD: ROIA and ROIAK) provided clarification with respect to certain stock transactions recently executed in the names of Catherine L. Hughes and Alfred C. Liggins, III. On April 25, 2008, two stock sale transactions were executed in the names of the executives. These transactions were the result of variable pre-paid forward sales transactions executed on April 25, 2006 in which the executives agreed with a brokerage firm to sell certain shares on a fixed date. At the time of the arrangement, Ms. Hughes and Mr. Liggins pledged shares to the broker with all or a portion of the shares to be sold at the end of a two year period depending on the stock price.

"Ms. Hughes and I want to affirmatively allay any fears that we were selling into the stock's current weakness," says Alfred C. Liggins, III, Radio One's CEO and President. "These sales by a broker were the result of the expiration of certain forward sales transactions initiated two years ago. We want to assure all of our security holders that we stand firmly committed to Radio One and these transactions were isolated sales triggered solely by historical events."

May 8 - Radio One, Inc. Reports First Quarter Results

Radio One, Inc. (NASD: ROIA and ROIAK) reported its results for the quarter ended March 31, 2008. Net revenue was approximately $72.5 million, a decrease of 2% from the same period in 2007. Station operating income1 was approximately $28.9 million, a decrease of 15% from the same period in 2007. Operating income was approximately $18.5 million, a decrease of 16% from the operating income in the same period in 2007. Net loss was approximately $18.3 million, or a loss of $0.19 per basic share, a decrease from the reported net income of $744,000 in the same period in 2007.

Alfred C. Liggins, III, Radio One's CEO and President stated, "While our radio stations outperformed their markets by almost 600 basis points, driven mainly by local advertising, the significant decline in national advertising held our overall core radio station revenue growth to 0.9%. Under the current market conditions, I believe this performance demonstrates that our management changes and leadership are having a favorable impact. When combined with reduced revenues at Reach Media and Giant Magazine, consolidated net revenue declined 2%.

In March, we successfully expanded our One Love Gospel Cruise event, which generated over $2.5 million of revenue. This well branded event, when coupled with our strong portfolio of gospel stations will no doubt provide for future aggressive monetization of these assets.

During the quarter we invested in new on-air talent for our syndicated programs, notably Mo'Nique, and these investments should deliver future ratings and revenue growth. Our internet investment and build-out continues on plan, augmented by the recent acquisition of Community Connect Inc. (CCI) and the launch of Newsone.com, which will accelerate our path to profitability in the on-line space.

The sale of KRBV-FM in Los Angeles for $137.5 million is on track to close during the second quarter and will provide the Company with additional liquidity and de-leveraging opportunities.

With weak market conditions projected for the balance of this year, the management team is focused on integrating CCI to reap revenue synergies, making our business processes more efficient and controlling our costs."

PRESSTEK INCORPORATED (NASD: PRST) "Up 9.41% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PRST.php

Presstek, Inc., together with its subsidiaries, manufactures, and markets digital offset printing solutions to the graphic arts and laser imaging markets. The company operates in two segments, Presstek and Lasertel. The Presstek segment engages in the development, manufacture, sale, distribution, and servicing of ProFire Excel imaging kits; and CTP systems, including the Dimension Excel series, Vector TX52, and the ABDick-branded Digital PlateMaster system. It also manufactures ProFire Digital Media, which is designed to work as a system with the laser imaging and press components of ProFire and ProFire Excel enabled DI presses; PearlDry Plus that is designed to work in conjunction with previous generation DI pressesl; and PearlDry, which is used for direct-to-press applications. In addition, this segment manufactures chemistry-free computer-to-plate systems, workflow solutions, and prepress and press room consumables; and aluminum-based printing plates, including chemistry-free Presstek-branded Anthem Pro, Freedom, and Aurora digital printing plates. It sells its products to end-user customers through its direct sales force, independent graphic arts dealers, and strategic original equipment manufacturer partnerships, as well as through catalog of pressroom supplies and consumables to customers in the United States, Canada, and the United Kingdom. The Lasertel segment engages in the manufacture and development of laser diodes for use in Presstek DI presses, including Presstek 52DI Press, and a landscape format 52cm direct imaging press; and Presstek 34DI Press, a portrait format 34cm direct imaging press for defense, industrial, medical, and telecommunications industries. Presstek, Inc. was founded in 1987 and is based in Greenwich, Connecticut.

PRST News:

May 9 - Presstek Announces First Quarter 2008 Net Profit

Increased Gross Margins; Reduced Operating Expenses

Presstek, Inc. (NASD: PRST) reported a net income from continuing operations in the first quarter of 2008 of $0.2 million, or $0.01 per share, versus a net loss from continuing operations of ($0.9) million, or ($.03) per share, in the first quarter of 2007. First quarter 2008 results include pre-tax restructuring and other charges of $0.6 million related to the company's Business Improvement Plan ("BIP"). First quarter 2007 operating results included pre-tax restructuring and other charges of $0.3 million.

On April 3, 2008, the company announced it expected revenue in the first quarter of 2008 to be as much as 20% below prior year levels, driven by reduced European revenues due to the disruption in the company's European operations related to the company's recently completed business reviews, U.S. economic weakness, and customer anticipation of a major industry convention in Germany in May 2008. As expected, first quarter revenue decreased $12.7 million or 19.5% to $52.4 million due to the above-mentioned issues.

"Despite a 19.5% revenue decline versus last year's first quarter, the company reported gross profit only slightly below first quarter 2007 levels and positive earnings versus a loss in the same period a year ago," commented Presstek President and Chief Executive Officer Jeff Jacobson. "In addition, we were pleased to see a 38% increase in DI plate sales in the quarter, and service margins of approximately 26%. Earnings before interest, taxes, depreciation and amortization ("EBITDA") adjusted for special charges was $3.4 million in the first quarter, and debt net of cash at March 29, 2008 was $22.1 million, a 40% improvement over last year at the same time. First quarter results demonstrate that our Business Improvement Plan has been successful in enhancing profitability. We continue to expect that revenue in the second quarter of 2008 will exceed first quarter levels, and gross profit and operating expenses will continue to reflect the ongoing positive impact of our Business Improvement Plan."

Consolidated gross margin in the first quarter of 2008 was 34.5% versus 28.4% a year ago. Gross margin improvements were driven by the positive impact of the company's BIP. In addition, the company's higher margin consumables and service annuity businesses represented a greater proportion of total sales in the quarter which had a positive impact on gross margin. First quarter 2008 operating expenses declined $1.5 million to $17.3 million in the quarter versus $18.8 million in 2007. Excluding restructuring and other charges, operating expenses declined 9.8% year over year.

Lasertel's external sales were $1.6 million, slightly below year ago levels largely due to the timing of orders. Lasertel recorded an operating loss in the first quarter of $1.0 million.

The company also announced it has reached an agreement to sell its Lasertel property in Tucson, Arizona. The company expects this transaction to close during the third quarter of 2008.

The company also announced that its Annual Meeting of Stockholders will be held on Wednesday, June 11, 2008, commencing at 1:30 P.M. local time, at the Waldorf Astoria, 301 Park Avenue, New York, New York.

"As I complete my first year as President and Chief Executive Officer of Presstek," Mr. Jacobson concluded, "I recognize that there's still a great deal of work ahead of us, but I am also pleased with the substantial progress we have made. Our business reviews are complete; our BIP is executing well; and debt net of cash has significantly improved. Our leadership team is excited at the prospect of driving long-term revenue growth, leveraging our improving operating structure and delivering increased profitability."

ABOUT OTCPICKS.COM

OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Profile Research Reports authored by our financial writers. We publish a daily Newsletter to subscribers, and we publish our Daily Market Movers Digest which is sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on our web site or in our daily Newsletter or Market Mover's Digest, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This disclaimer is to be read and fully understood before using our site, or joining our email list. PLEASE NOTE: The OTCPicks.com employees are NOT Registered as an Investment Advisor in any jurisdiction whatsoever.

Release of Liability: Through use of this website viewing or using you agree to hold OTCPicks.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. OTCPicks.com has been compensated sixty thousand free trading shares by a non-controlling third party (Bill Hood) for USVO advertising and promotional services. For a complete list of disclosures go to http://www.otcpicks.com/disclosure_details.php. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCPicks.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCPicks.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. OTCPicks.com and its affiliates are not registered investment advisors or a broker dealers. OTCPicks.com has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. OTCPicks.com also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. OTCPicks.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through OTCPicks.com. OTCPicks.com owners may or may not hold positions in the companies that are profiled.

The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.

Third Party Web Sites and Information:

OTCPicks.com and newsletter may provide hyperlinks to third party websites or access to third party content. OTCPicks.com does not control, endorse, or guarantee content found in such sites. You agree that OTCPicks.com is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that OTCPicks.com shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only.

CONTACT: Brian Dean, Publisher, OTCPicks.com Tel: +1 972 546 3740 e-mail: publisher@otcpicks.com 972-546-3740

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

(C)1994-2008 M2 COMMUNICATIONS LTD ********************************************************************** As of Monday, 05-05-2008 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated an UPTREND on 03-24-2008

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX