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daily for your penny stock picks. Daily Market Movers Digest Midday Report for Monday, April 30th

4/30/2012 12:03 PM
Penny Stocks by: OTC Picks

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Recent Newsletters Daily Market Movers Digest Midday Report for Monday, April 30th MDMC, EDS, ECDC, MCLNE, SPBU, EMIS, ICPA Our Stocks to Watch today include Marine Drive Mobile Corp. (OTCBB: MDMC), Exceed Company Ltd. (NASDAQ: EDS), East Coast Diversified Corp. (OTCBB:

ECDC), MedClean Technologies Inc. (OTCBB: MCLNE), Spare Backup Inc. (OTCBB:

SPBU), Emisphere Technologies Inc. (Nasdaq: EMIS) and IC Places Inc.


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MARINE DRIVE MOBILE CORPORATION (OTCBB: MDMC) Detailed Quote: Company Profile: Marine Drive Mobile Corp. engages in the development of transactional mobile commerce applications and services. The companys technology platform matches merchants and consumers with the right products and services at the right time through electronic coupons. Its principal product includes, an e-couponing Website for golf industry merchants to create deals and offer their own electronic coupons. The company was formerly known as Sona Resources, Inc. and changed its name to Marine Drive Mobile Corp. in July 2011. Marine Drive Mobile Corp. was founded in 2007 and is headquartered in San Francisco, California.

MDMC News:

April 25 - Marine Drive Mobile has Accumulated Over 7,000 Plus Followers Combined in its Social Media Networks Marine Drive Mobile Corp. (OTCBB: MDMC) ("Marine Drive Mobile" or the "Company") announced that the Company has made significant strides in its social media effort and now, collectively over all of its social media networks, has accumulated 7,000 plus followers.

Social and mobile media marketing is at present, are two of the most effective marketing conduits of our time. This isn`t fleeting, either; on a global and more all-inclusive scale, the world is adapting to quicker, trimmer and more streamlined versions of marketing because we`re operating at a faster pace.

Virtual social networks are stronger, easier and more flexible in today`s market landscape. This industry has realized a boom in popularity and Marine Drive Mobile is at the helm. We don`t shirk the costs onto the merchants but implement a fair, moderate cost to interested consumers to purchase our e-coupons quickly and redeem them at the relevant retailer.

Pair this with our thriving social networking and you have a recipe for success and modernization into the 21st century.

Colin MacDonald, CEO and President of Marine Drive Mobile, stated, "With our combination of photos and crafted text, utilizing mediums like Facebook and Twitter, we are able to achieve a platform that is pleasant to access, easy to use, cost-efficient and effective." He continued to say, "Our current goal is to double our growth on Twitter and Facebook by Summer`s official start, thus offering both our merchants and consumers additional value. We plan to spread far and wide so that retailers can achieve additional revenue and consumers can enjoy savings in a whole new way, without emptying their wallets." About Marine Drive Mobile Corp. Marine Drive Mobile Corp. (MDMC) is a San Francisco-based technology company dedicated to bringing simplicity, innovation and disruption to the online coupon industry. Our mission is to transform the online coupon space by giving businesses a totally free online advertising platform that makes creating and promoting daily deals as simple as sending an email. Marine Drive Mobile connects merchants and consumers through our proprietary software platform and business systems.

Our flagship product, eTeeoff, was launched to introduce golf industry merchants to a zero-cost way to create golf deals and offer their own electronic coupons.

EXCEED COMPANY LIMITED (NASDAQ: EDS) "Up 73.45% in morning trading" Detailed Quote: Exceed Company Ltd. designs, develops and engages in wholesale of footwear, apparel and accessories under its own brand, XIDELONG, in China. Since it began operations in 2002, Exceed has targeted its growth on the consumer markets in the second and third-tier cities in China. Exceed has three principal categories of products: (i) footwear, which comprises running, leisure, basketball, skateboarding and canvas footwear, (ii) apparel, which comprises sports tops, pants, jackets, track suits and coats, and (iii) accessories, which comprise bags, socks, hats and caps.

EDS News:

April 30 - Exceed Schedules 2011 Full Year Financial Results Conference Call Earnings Conference Call and Webcast to be Held on Thursday, May 3, 2012 at 7:00 am (Pacific) / 10:00 am (Eastern) / 10:00 pm (Beijing/Hong Kong) Exceed Company Ltd. (NASDAQ: EDS) ("Exceed" or the "Company"), the owner and operator of "Xidelong" brand, one of the leading domestic sportswear brands in China, issued its audited financial results for the full year ended December 31, 2011.

The earnings press release is available on the investor relations page of the Exceed website at

Senior management will host a conference call on Thursday, May 3, 2012 at 7:00 am (US Pacific) / 10:00 am (US Eastern) / 10:00 pm (Beijing) to discuss the Company`s 2011 full year financial results and recent business activity.

EAST COAST DIVERSIFIED CORPORATION (OTCBB: ECDC) "Up 43.10% in morning trading" Detailed Quote: East Coast Diversified Corp. operates through its subsidiary, EarthSearch Communications, Inc. East Coast Diversified Corp. offers a portfolio of GPS devices, RFID interrogators, integrated GPS/RFID technologies and Tag designs. The company was founded in 2010 and is based in Atlanta, Georgia.

ECDC News:

April 23 - Ironridge Technology Enters into $2.5 Million in Equity Financings with East Coast Diversified Corporation Ironridge to convert Series B Preferred shares at 285% of current PPS East Coast Diversified Corporation (OTCBB: ECDC) announces that it has entered into two equity financings with Ironridge Technology Co., an institutional investor financing small cap public companies in the technology sector, for an aggregate of more than $2.5 million.

The Company settled over $1 million in accounts payable, which Ironridge had acquired from various creditors of the company, in exchange for shares of common stock. The transaction thereby substantially reduced the Company`s liabilities, including its outstanding accounts payable balance.

According to Kayode Aladesuyi, CEO ECDC, "This funding will help us continue the momentum we are experiencing with our businesses and manage growth more effectively, 45% of the payable funding is related to manufactured inventory that will help us accelerate sales and revenue especially with our StudentConnect business which require significant investment in equipments to be deployed to school districts." East Coast Diversified also entered into a definitive Stock Purchase Agreement with Ironridge to purchase $1.5 million in redeemable, convertible Series B Preferred Stock, which is convertible into common stock of the Company. Ironridge received no warrants. There are few restrictive covenants and no amortization provisions in the agreement. The transaction is subject to customary equity and closing conditions.

Under the Series B Stock Purchase Agreement, Ironridge has agreed to convert the shares at more than 285% of the current market price.

"Ironridge is demonstrating confidence in our business plan and the direction of the operation, its decision and agreement to convert at a significantly higher PPS than current market price is indicative of this, but more importantly, is that we can now accelerate the development of our social media division `WetWinds` and other projects we are working on." Consistent with its long-only investment mandate, Ironridge represented that it has never shorted the Company`s stock, does not hold any short position, and will not engage in or affect, directly or indirectly, any short sale of the common stock.

ABOUT IRONRIDGE TECHNOLOGY Ironridge Technology Co. is a division of Ironridge Global IV, Ltd. that specializes in equity investments in stocks related to researching, developing and creating computer software and hardware, electronics, information technology systems and services. Ironridge is a long-only institutional investor, making direct equity investments in small cap public companies. The firm entered into more than twenty equity financing transactions last year, ranging from a quarter million to $10 million each.

Ironridge seeks to be a long-term financial partner, assisting public companies in financing operations and expansion by supplying innovative funding solutions and flexible capital. The firm seeks to unlock the full potential of cash-constrained businesses, propelling higher growth and more profitable enterprises.

MEDCLEAN TECHNOLOGIES INCORPORATED (OTCBB: MCLNE) "Up 50.00% in morning trading" Detailed Quote: MedClean Technologies, Inc. is a provider of innovative technology and services for the treatment and disposal of regulated medical waste.

MedClean`s flagship MedClean Series systems are fully integrated, turnkey technology solutions that enable healthcare providers and medical waste haulers to safely, efficiently, and cost-effectively convert bio-hazardous regulated medical waste into sterile, unrecognizable material suitable for disposal as municipal solid waste. MedClean was founded in 1997 with corporate headquarters, research and development and distribution facilities now located in Bethlehem, Pennsylvania.


April 10 - MedClean Partners with MedPro Waste Disposal LLC and the IMWTA to Implement Service Program to Customers of Major GPO Exclusive Program Includes Medical Waste Brokerage Services, Hauling Services, and Billing and Administrative Support Services to more than 100,000 Non-Acute Care GPO Member Facilities MedClean Technologies (OTCBB: MCLNE), the leading provider of technology designed for the efficient treatment and disposal of medical waste and the destruction of confidential documents and related media, today announced it has partnered with MedPro Waste Disposal LLC and the Independent Medical Waste Transporters Association (IMWTA) to implement their first initiative to organize and utilize the IMWTA members extensive services.

The Medical Waste Hauling Program is sponsored by MedClean and powered by MedPro`s dedicated account management and sales teams.

Highlights of the program include, but are not limited to:

* Exclusive relationship with a major U.S. based Group Purchasing Organization and their member base of more than 100,000 non-acute care facilities * Guaranteed customer savings of 20% or more based upon the term of the agreement * "No Surprise" billing services. All costs of the program are disclosed at the time the Service Agreement is signed and remain fixed for the duration of the Service Agreement * Utilization of MedPro`s dedicated team for the implementation of the program to ensure the program is offered to all members. The campaign includes telemarketing, bid/proposal management to the IMWTA, contract administration, and customer billing services * Utilization of IMWTA members hauling services to provide local, friendly, and high quality services * Targeted market represents 10% to 20% of the $3.5 billion dollar medical waste market "This is a landmark program for the Regulated Medical Waste industry, specifically to the small quantity waste generator (SQG), which typically pays significantly higher prices for hauling services due to the fact that only one entity existed in the market place that had the bandwidth to serve the market," commented David Laky, President and CEO, MedClean Technologies, Inc. "Through the partnerships we have developed, we have been able to identify a target market, develop a savings program for that market, increase the value proposition our GPO partner provides to that market, and most importantly deploy high quality services to the participants. Our partners are committed to the success of this program and have backed that commitment through contracted milestones. Additional goals of the program include enhanced opportunity for ecommerce sales and through tracking waste volumes handled by the IMWTA we will be able to pinpoint key opportunities to place localized medical waste processing centers featuring our MedClean Series equipment." ABOUT MEDPRO DISPOSAL LLC MedPro Waste Disposal LLC (MedPro) provides reliable, cost-effective medical waste disposal services to large and small quantity generators of medical waste. At, MedPro, we recognized a need for standardized costs across an industry largely dominated by a single entity. There were too many instances where customers were being charged drastically different prices for the same service. Some industry leaders continue to use this pricing strategy on their own customers, charging similar waste generators not-so-similar prices. In an industry full of regulations, there appeared to be none when it came to reasonable and fair business practices.

MedPro has formed an alliance with MedClean and the IMWTA transporters to provide the safest and most economical destruction of medical waste. Our goal is to ensure that our customers receive the quick, reliable service you have come to expect from your medical waste hauler with the peace of mind that you are not paying more than your neighbor, and that your waste is being properly disposed of.

SPARE BACKUP INCORPORATED (OTCBB: SPBU) "Up 5.13% in morning trading" Detailed Quote: Spare Backup, Inc. is a leading provider of data backup and security software for smartphones, tablets and PCs. Spare Backup`s software enables consumers and small to medium sized businesses to easily protect valuable computer and mobile data quickly, automatically and cost-effectively. Spare Backup software intelligently selects, secures and stores personal and business content on a continuous basis or according to the schedule of the user`s choice. It also allows for the integration of that content across various devices and provides enhanced security features to protect valuable data on any lost or stolen devices. Spare Backup software is the first totally automated cloud-based backup service that is distributed on a stand-alone or private label basis through major retail and warrantee service partners in North America and Europe.

SPBU News:

April 18 - Spare Backup, Inc. to Present at Taglich Brothers 9th Annual Small Cap Equity Conference Taglich Brothers, Inc. is pleased to announce that Cery B. Perle, President & CEO of Spare Backup, Inc. (OTCBB: SPBU) will be presenting at our 9th Annual Small Cap Equity Conference May 1, 2012. The Conference will take place at the New York Athletic Club, New York City.

ABOUT TAGLICH BROTHERS Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

EMISPHERE TECHNOLOGIES INCORPORATED (NASDAQ: EMIS) "Up 28.20% in morning trading" Detailed Quote: Emisphere is a biopharmaceutical company that focuses on a unique and improved delivery of pharmaceutical compounds, medical foods and dietary supplements using its Eligen Technology. These molecules and compounds could be currently available or in development. Such molecules are usually delivered by injection; in many cases, their benefits are limited due to poor bioavailability, slow on-set of action or variable absorption. The Eligen Technology can be applied to the oral route of administration as well other delivery pathways, such as buccal, rectal, inhalation, intra-vaginal or transdermal.

EMIS News:

No recent news for Emisphere Technologies, Inc. (Nasdaq: EMIS).

IC PLACES INCORPORATED (OTC: ICPA) "Up 28.30% in morning trading" Detailed Quote: IC Places owns and operates 350 city news and entertainment websites. Each IC Places city website offers a virtual keyhole view of life in each community. Every unique aspect of a city`s social, business, and cultural life is available right at each city`s IC Places homepage. IC Places provides the entire community a place to talk, do business and get connected. Businesses are given amazing tools to tell their stories in the best way possible and visitors get unfettered access to businesses, events and people in each city.

ICPA News:

April 20 - Shark Tank Champion Partners With IC Places to Take Visitors Beyond the Velvet Ropes IC Places, Inc. (OTCBB: ICPA) announces it has formed a strategic partnership with to offer visitors direct access to the hottest night clubs and best events around world. gained National attention when Founder and CEO, Alashe Nelson, pitched his start up company on this year`s season premiere of ABC`s Shark Tank.

The show features entrepreneurs Mark Cuban (Dallas Mavericks owner), Daymond John (founder of FUBU clothing line), Kevin O`Leary (educational software), Barbara Corcoran (real estate) and Robert Hejavec (technology security), who try to outbid each other to invest their own money in unique businesses.

During the show, Nelson received a funding offer from Hejavec and O`Leary, who teamed up, but in the end accepted an offer from Cuban and John.

"I met Al during his recent trip to LA where he was inking deals for his West Coast expansion. We both saw the instant synergy," said IC Places President, Steve Samblis. "Teaming up with Mark Cuban and Daymond John, Al has created the OpenTable (OPEN - OpenTable Inc (NASDAQ)) of night clubs.

"We have Night Life sections in all of our 350 city websites. The partnership with will allow us to generate significant revenues from those sections." Under the agreement will pay IC Places a percentage of each booking it generates. IC Places Night Life sections will offer direct links to reserve tables at the best clubs in each city using the engine.

The two companies will grow together as expands into new cities.

"We are very excited to be working with IC Places. Having IC Places as a partner in our expansion gives us pre-positioned placement in cities as we grow," said Alashe Nelson, CEO of "We will be able to tap into IC Places current visitor base and expand our reach though their sites. It also gives IC Places the ability to monetize site visitors in a new way." ABOUT EZVIP.COM provides access and convenience to their customers by allowing them to pre-purchase their night out to the best events in the world directly through their computer or mobile device. The company began with nightlife events, and has expanded into other notable experiences. The company prides itself in only partnering with the best organizations in order to give their customers an experience they would not be able to obtain elsewhere. is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: email address is being protected from spam bots, you need Javascript enabled to view it.

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