Smallcaps.us, one of the fastest growing websites on the subject of American small cap stocks, who publishes research reports written by their own staff and a few of the world’s most recognized publishers of small cap investment newsletters, issued a weekly report on four companies.
BSD Medical Corp. (AMEX BSM) announced on Thursday the completion of the Food and Drug Administration’s (FDA) pre-approval audit for the PMA submission of the company’s BSD-2000 hyperthermia system, along with the completion of a routine Quality System (QA)/Good Manufacturing Practices (GMP) inspection.
FDA did not provide any written inspectional deficiencies (Form 483) at the conclusion of the on-site inspection. The completion of the preapproval FDA inspection is a significant milestone in the PMA approval process for a medical device. The FDA’s review of the company’s PMA submission is ongoing.
Law Enforcement Associates Corporation (AMEX: AID) announced on Tuesday it had received an initial order for a recently introduced intelligence gathering device. The order came from the Florida division of a large federal law enforcement agency. Due to the sensitive nature of the product and its application, AID is precluded from disclosing additional information about the order.
The stock reacted on this news by moving up more than 60 percent. “We have received extremely positive reviews of the products we debuted at the July NATIA show in Pittsburgh,” said Paul Feldman, president. “This contract reflects the success we are having at translating that feedback into firm orders.”
Next week, Playlogic Entertainment (OTCBB: PLGC) will appear on Wallst.net, a leading provider of timely business news, executive interviews, multimedia content and research tools. Vice President Rogier Smit will conduct an exclusive interview and discuss the Company’s past, present and future outlook.
In the interview Mr. Smit will also talk about Playlogic’s excellent second quarter results which were announced earlier this week. For the six months ended June 30, 2007, net revenues climbed 48% to $4.6 million from $3.1 million the year before. For the second quarter, ended June 30, 2007, net revenues were $1.1 million versus $0.4 million the comparable year-earlier period, an increase of 175%. Net loss from operations for the six months decreased significantly to $0.464 million from a net loss of $3.9 million for the same period the year before.
RiT Technologies (NASDAQ: RITT), the world-leading provider of intelligent infrastructure solutions and Connectix Cabling Systems, a leading manufacturer of communications products announced the formation of a strategic OEM partnership between the two companies. Under the terms of the agreement, Connectix will use RiT solutions to bring state-of-the-art management capabilities to its structured cabling solutions for British Enterprise customers.
Connectix is a leading British manufacturer of communications products. Founded in 1993, it has grown to become one of the UK’s four largest cabling system suppliers and its biggest supplier of copper unshielded outlets. To leverage its favorable positioning and its strong customer base, Connectix has recently embarked on a strategy to become an innovative provider of advanced end-to-end cabling solutions.
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