OTCPicks.com Stocks to Watch for Tuesday, June 24th

6/23/2008 6:40 PM

Penny Stocks by: OTC Picks

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OTCPicks.com Stocks to Watch for Tuesday, June 24th QMNM, LTDI, BTRX, CPBR, DHCC, WNEA Our Stocks to Watch tomorrow include Quest Minerals & Mining Corp.

(OTCBB: QMNM), Latitude Industries Inc. (OTC: LTDI), Barrier Therapeutics Inc. (NASDAQ: BTRX), ClearPoint Business Resources Inc.

(NASDAQ: CPBR), Diamondhead Casino Corp. (OTCBB: DHCC) and Wind Energy America Inc. (OTCBB: WNEA).

Visit http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L to register for our Daily Market Mover`s Digest Newsletter, and Email Stock Watch Alerts.

QUEST MINERALS & MINING CORPORATION (OTCBB: QMNM) "Up 425.36% on Monday" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L52 Quest Minerals & Mining Corp. engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It owns leasehold interests in various coal properties in eastern Kentucky. The company was founded in 2003 and is based in Paterson, New Jersey.

QMNM News:

June 20 - Quest Minerals & Mining Announces Rapidly Approaching Production Phase Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt: QMNB.F), a Kentucky based operator of energy and mineral related properties, announced that it is diligently working to conclude their final stages of rehabilitation so that they can move into full production. The company is currently preparing to mine its Pond Creek location, held under its wholly owned subsidiary, Gwenco, Inc.

Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I have spent many hours underground to ensure that we are mining as soon as possible. Despite some minor encounters related to equipment delays, our long awaited production phase is imminent.

Pending any unaccountable obstacles, we expect to be ready for production within a week to two weeks. The company is eager to launch its $8 million contract fulfillment with Logan & Kanawha Co., LLC. We will provide continual updates as production incurs." LATITUDE INDUSTRIES INCORPORATED (OTC: LTDI) "Up 178.26% on Monday" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L92 Latitude Industries is a manufacturer of high-quality, offshore sport fishing boats. The company`s boats fuse innovative design with advanced lightweight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by using the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida, the sport fishing capital of the world. For more information about Latitude Industries Inc. visit www.latitudepowerboats.com.

LTDI News:

June 20 - Latitude Industries, Inc. Enters Into Negotiation Talks With Honda Marine Latitude Industries, Inc. (OTC: LTDI), manufacturer of offshore high performance sport and center console quality-made boats, announced that it has been approached by Honda Marine and they have formally entered into negotiation talks.

Honda Marine is the pioneer in four-stroke engine technology, setting a new benchmark for fuel efficiency, quiet operation, and low emissions.

Honda`s outboards share the same unparalleled durability, quality, and reliability of its legendary automobiles. With models ranging from 2 to 225 horsepower, Honda Marine`s full line of current production models meets rigorous California Air Resources Board (CARB) 3-Star standards, ensuring their availability and regulatory compliance in all 50 states.

The National Marine Manufacturer`s Association has awarded Honda Marine "Best in Customer Satisfaction" for the last four years in a row. Honda outboard engines deliver the power, fuel efficiency and reliability that enhances any boating experience.

"We are delighted to begin talks with Honda Marine. We believe our cutting edge, rock solid and, as recently mentioned by Hot Boat Magazine, `stealthy boats` will blend together nicely with Honda to provide today`s boating market with fully-rigged boat and motor packages," stated Orlando Hernandez, COO of Latitude Industries, Inc.

BARRIER THERAPEUTICS INCORPORATED (NASDAQ: BTRX) "Up 128.98% on Monday" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L28 Barrier Therapeutics is a pharmaceutical company focused on the development and commercialization of products in the field of dermatology. Barrier Therapeutics currently markets three pharmaceutical products in the United States: Xolegel? (ketoconazole, USP) Gel, 2%, for seborrheic dermatitis; Vusion? (0.25% miconazole nitrate, 15% zinc oxide, 81.35% white petrolatum) Ointment, for diaper dermatitis complicated by documented candidiasis; and Solage? (mequinol 2.0%, tretinoin 0.01%) Topical Solution, for solar lentigines. Barrier Therapeutics has other product candidates in various stages of clinical development for the treatment of a range of dermatological conditions, including onychomycosis, psoriasis, acne, skin allergies, and acute fungal infections. The company is headquartered in Princeton, New Jersey and has a wholly-owned subsidiary in Geel, Belgium. More information about Barrier Therapeutics can be found on the company`s Web site at www.barriertherapeutics.com.

BTRX News:

June 23 - Barrier Therapeutics to Merge Into Stiefel Laboratories Stiefel Laboratories Inc., the world`s largest independent pharmaceutical company specializing in dermatology, announced it has signed a definitive merger agreement, pursuant to which Stiefel Laboratories will acquire Barrier Therapeutics, Inc. ("Barrier Therapeutics") (NASDAQ: BTRX), through a two-step transaction, a tender offer followed by a merger of Barrier Therapeutics into a wholly-owned subsidiary of Stiefel Laboratories, at a price of $4.15 in cash, per share of Barrier Therapeutics` common stock. The transaction, valued at approximately $148 million, is subject to the valid tender of a majority of Barrier Therapeutics` fully diluted common stock, regulatory approvals and other customary conditions, but is not subject to any financing conditions. The price of $4.15 per share of Barrier Therapeutics` common stock represents a premium of approximately 73% to Barrier Therapeutics` average closing price for the past 30 days. The parties expect the transaction to close by the end of the third quarter of 2008.

The Board of Directors of Barrier Therapeutics has approved the definitive merger agreement and the transactions contemplated thereby and has resolved to recommend that Barrier Therapeutics` stockholders tender their shares in connection with the tender offer contemplated by the definitive merger agreement.

This acquisition underscores Stiefel Laboratories` continuing efforts to search for and develop premium-quality, innovative dermatology products and to focus on providing a superior customer experience in global therapeutic and aesthetic dermatology.

"This acquisition demonstrates our continued commitment to advancing the field of therapeutic dermatology," said Charles W. Stiefel, chairman and chief executive officer of Stiefel Laboratories. "We are very impressed with Barrier Therapeutics` innovative products and pipeline. This strategic move will further expand our oral and topical product portfolio in development and increase our sales of novel treatments for skin conditions." Barrier Therapeutics currently markets three pharmaceutical products.

In addition to these marketed products, the company has other product candidates in various stages of development for the treatment of a range of dermatological conditions.

"We are very proud of the accomplishments of the entire Barrier Therapeutics team since we were founded in 2002, and we are pleased that Stiefel Laboratories recognizes the value that we have created," said Al Altomari, chief executive officer of Barrier Therapeutics. "We believe that this transaction provides substantial value to our stockholders. We believe that Barrier Therapeutics` product portfolio and innovative R&D pipeline candidates are among the greatest assets in dermatology and will strengthen Stiefel Laboratories` position in the global dermatology market." J.P. Morgan Securities Inc. is acting as exclusive financial advisor to Barrier Therapeutics, and Morgan, Lewis & Bockius, LLP is acting as Barrier Therapeutics` legal counsel in the transaction. Deutsche Bank Securities Inc. is acting as exclusive financial advisor to Stiefel Laboratories, and Willkie Farr & Gallagher LLP is acting as Stiefel Laboratories` legal counsel in the transaction.

ABOUT STIEFEL LABORATORIES, INC.

Founded in 1847, Stiefel Laboratories (a privately held company) is the world`s largest independent pharmaceutical company specializing in dermatology. The company manufactures and markets a variety of prescription and non-prescription dermatological products. Some of the newest and best-known brands include Duac? Topical Gel (clindamycin, 1% - benzoyl peroxide, 5%) available in the Duac? Care System (CS); Evoclin? (clindamycin phosphate) Foam, 1%; Luxiq? (betamethasone valerate) Foam, 0.12%; MimyX? Cream; Olux? (clobetasol propionate) Foam, 0.05% and Olux-E? (clobetasol propionate) Foam, 0.05% also available in the Olux? / Olux-E? COMPLETE PACK; Soriatane? (acitretin) Capsules available in the Soriatane? CK CONVENIENCE KIT; Verdeso? (desonide) Foam, 0.05%; Brevoxyl?-4 Creamy Wash (benzoyl peroxide 4%) and Brevoxyl?-8 Creamy Wash (benzoyl peroxide 8%) packaged in the Brevoxyl? Acne Wash Kit; Extina? (ketoconazole) Foam, 2%; Oilatum? Cleansing Bar; Physiogel? Cream; Stieprox? (ciclopirox olamine) Shampoo; REVALESKIN(TM) Skin Care Products; and Sarna? Lotion. Its wholly-owned global network is comprised of more than 30 subsidiaries, manufacturing plants in six countries, research and development facilities on four continents, and products marketed in more than 100 countries around the world.

CLEARPOINT BUSINESS RESOURCES (NASDAQ: CPBR) "Up 83.15% on Monday" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L27 ClearPoint Business Resources, Inc. ("ClearPoint") is a workforce management solutions provider to clients ranging from small businesses to Fortune 500 companies. ClearPoint`s iLabor network is a proprietary technology-based platform that provides its clients with a comprehensive web-based portal to streamline the process involved in procurement and management of temporary labor. Orders placed by ClearPoint`s clients are fulfilled through a network of ClearPoint-approved staffing vendors. The iLabor platform provides a virtual marketplace for the electronic procurement ("e-procurement") of temporary labor and provides the client with one contract and one contact point to order temporary labor on a national scale. iLabor is an on-demand e-procurement solution that is hosted by ClearPoint which eliminates the need for clients to install and maintain costly hardware and software applications. The client can access iLabor through standard Internet connections and web browsers, and is assigned access codes and account information, eliminating the need for time consuming and costly systems integrations. The iLabor platform provides real-time feedback on all posted positions and provides a centralized reporting mechanism for clients to review and monitor their spending on temporary labor on a national basis. The iLabor network is a technology-based procurement method that provides a low cost and easy alternative for ClearPoint`s clients, as well as traditional staffing companies in the industry, to procure temporary labor through a large ClearPoint-approved staffing vendor network that has broad national coverage. The iLabor platform is a fully scalable product offering that can accommodate significant growth in transaction volumes for ClearPoint without significant increases to the Company`s existing cost structure.

CPBR News:

June 20 - ClearPoint Announces $12 Million of New Capital ClearPoint Business Resources, Inc. (NASDAQ: CPBR), a provider of innovative workforce management solutions, announced it has obtained new capital of $12 million from ComVest Capital, LLC ("ComVest") in the form of a $9 million term loan (before an original issue discount of $1 million) and a $3 million revolving credit facility. In addition, our existing lenders have agreed to remain as financial partners with ClearPoint in a subordinated position to ComVest.

Mike Traina commented, "We are very pleased with the endorsement by ComVest of our iLabor business model. This is a significant step forward in providing the necessary working capital to accelerate the growth in iLabor and a key milestone in our transition from our legacy staffing business to our iLabor technology platform." Mr. Traina added, "We believe the iLabor business model coupled with our new capital clearly positions us as the primary alternative to the vendor management (VMS) industry. The new capital provides us with the financial stability to expand our supplier network and attract new customers to solidify our position as a leader in helping companies manage their usage of temporary labor." ABOUT COMVEST CAPITAL The ComVest Group is a Private Equity firm focused on investing in middle-market companies. Since 1988 ComVest has invested more than $2 billion of capital in over 200 public and private companies worldwide.

Through its extensive financial resources and broad network of industry experts, ComVest is able to offer its companies total financial sponsorship, critical strategic support, and business development assistance. ComVest`s focus is centered on building industry leading companies and creating long term value for equity holders.

DIAMONDHEAD CASINO CORPORATION (OTCBB: DHCC) "Up 30.67% on Monday" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L31 Diamondhead Casino Corporation ("Diamondhead"), through its wholly-owned subsidiary, Mississippi Gaming Corporation, owns and intends to develop, in cooperation with a joint venture partner, approximately 404 acres of land in Diamondhead, Mississippi. The Company intends to develop the property as a destination casino resort and hotel with condominiums and other amenities.

DHCC News:

June 23 - Casinos Austria International Holding Signs Letter of Intent With Diamondhead Casino Corporation Diamondhead Casino Corporation (OTCBB: DHCC) (the "Company") announced that it had signed a non-binding Letter of Intent with Casinos Austria International Holding, GMBH, to form a joint venture partnership to develop, build and operate a destination casino resort in Diamondhead, Mississippi.

The joint venture would cover fifty acres within a 404-acre tract of land owned by Mississippi Gaming Corporation, a wholly-owned subsidiary of the Company. The Diamondhead tract fronts Interstate 10 for approximately two miles and the Bay of St. Louis for approximately two miles and is located in Hancock County, Mississippi. The property is debt-free and lien-free. The property is zoned as a Special Use District-Waterfront Gaming District by Hancock County. On October 17, 2005, following Hurricane Katrina, Mississippi passed legislation allowing casinos to be built up to 800 hundred feet from the mean high water line of certain bodies of water. The new law applies to the Diamondhead property.

Deborah Vitale, President, stated: "Speaking for the Board of Directors and myself, we are extremely pleased to have signed a Letter of Intent and to be working towards a partnership with Casinos Austria to develop a casino and destination resort on the Company`s Diamondhead property.

The Company has enjoyed a long-term relationship with Casinos Austria in prior years and knows the Company to be a quality organization with extensive gaming experience and expertise in the international gaming industry. Assuming a successful due diligence period and a subsequent definitive agreement between our two companies, this will mark the culmination of our best efforts to find the right partner with which to develop the casino project. The shareholders can also look forward to additional shareholder value from the development of the remaining acreage in years to come." ABOUT CASINOS AUSTRIA The origins of the casino industry in Austria date back to 1934, when the first casino was opened in Baden near Vienna, closely followed by further casinos across the country. Casinos Austria today owns and operates the twelve casinos in Austria.

Following its initial success in the Austrian market, Casinos Austria was approached by the Dutch Government in 1976 and entrusted with establishing a casino industry in The Netherlands. This project was the starting point for a new success story: Casinos Austria International (CAI). Originally founded in 1977 to consolidate the company`s international activities, CAI is today a leading player in the global gaming industry, having realized over 215 casino projects in more than 35 different countries, including 80 casinos on board cruise ships on all seven seas. In 2007, CAI casinos welcomed 19.9 million guests.

Worldwide, the Casinos Austria Group now operates casinos in 18 different countries as well as on board international cruise ships.

Experience, integrity, respectability, financial stability and a multicultural team are all important contributing factors to CAI`s continued success. The Casinos Austria Group currently employs over 13,000 people from 35 different nations around the globe. The group turnover in 2007 amounted to EUR 3.5 billion.

CAI specializes in casino expertise and thereby offers an extensive portfolio of know-how and services for all phases of casino development from evaluation and planning through to building and management. Our casino projects are considered to be "traditionally innovative" and are based on the proven sound combination of traditional values and innovative concepts.

Casinos Austria Group`s future plans include continued expansion together with strengthening of its existing international presence as well as the establishment of new casinos in markets that plan to introduce legal gaming.

WIND ENERGY AMERICA (OTC: WNEA) "Up 25.23% on Monday" Detailed Quote: http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L26 Wind Energy America is a publicly traded energy company that is focused solely on the renewable resource of wind energy. The company is determined to help America reduce its dependence on foreign oil and environmentally destructive fossil fuels. Wind Energy America is a working model for the wind energy industry in America. The company?s projects, which are currently distributed throughout Minnesota, sustain economic development through capital purchases, creation of employment opportunities and by providing interest payments. Wind energy investments represent the most economical option within the renewable energy sector and with no fuel price risk, address the public need for long-term, stable electricity pricing.

WNEA News:

June 23 - Wind Energy America Inc. Rated `Speculative Buy` Target Price $2.98 by Beacon Equity Research Wind Energy America Inc. (OTCBB: WNEA) has been rated Speculative Buy with a price target of $2.98 by Beacon Equity Research Analyst, Victor Sula, Ph.D.

The full report is available at http://www.otcpicknews.com/otcmail/link.php?M9187&N11&L41.

In the report, the analyst writes, "Over the next four years, WNEA plans to complete approximately 280 MW of wind energy projects in the upper Great Plains and Midwest. The Company estimates approximately $69 million of external funding will be required to complete these projects, including $40 million from equity financing. Assuming funding is secured and the various projects are completed, WNEA would expand installed capacity to 400 MW over the next four years. At this generating capacity level, the Company could be producing annual revenues exceeding $80 million from electricity sales and annual income ranging around $40 million to $45 million." OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com. OTCPicks.com is not a registered investment adviser or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.

Disclosure: OTCPicks.com is being compensated twenty thousand restricted 144 shares from a third party for WNEA advertising and promotional services.

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