Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s Wednesday, September 26th and we were able to uncover 5 great releases today dealing with a great Fiscal Year End, a couple of metal hits by juniors and a share buyback by a company that believes it is undervalued. Another great day for the small-cap and micro-cap world.
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Now, onto our show notes for the day.
J.L. Halsey (OTCBB:JLHY) Q4 and FY 2007.
Q4
record quarterly revenues of $10.8 million, a 41 percent increase over 2006
net income on a GAAP basis of $2.1 million, or $0.02 per diluted share, versus net income of $364,000, or $0.00 per diluted share in the fourth quarter a year ago.
“Our results for the quarter reflect continued organic growth for our email marketing software offerings, where revenues were up 23 percent year-over-year.
FY
Revenues for all of fiscal 2007 were $39.0 million, a 60 percent increase
net income on a GAAP basis of $351,000, or $0.00 per diluted share, versus a net income of $2.6 million, or $0.03 per diluted share, in the same period a year ago. Integration of acquisitions?
About J.L. Halsey Corporation
J.L. Halsey (OTCBB:JLHY) is a leading marketing technology company that provides hosted and installed software solutions for marketers at mid-size businesses. Ziff Davis Media’s Baseline Magazine ranked J.L. Halsey No. 1 on its list of the fastest-growing software companies with sales under $150 million.
1.33Immersive Media Corp. (TSX VENTURE:IMC)
announced an order for over 450 mobile video recorders for law enforcement clients.
Multiple in-car camera system. The simultaneous recording of four video channels and four audio channels ensures high quality, unbiased recordings of incidents.
Order came from Southern Imaging – considered one of the largest distributors of industrial vision products in the world.
Immersive is the leading provider of full motion, high resolution, and spherical video. Using eleven video streams arranged according to geodesic geometry, Immersive video captures an almost complete spherical image; a high-resolution 360 degree view of surroundings that is seamlessly stitched together.
2.22 (trading at $5.75 in the summer…why the drop?)
Garrison International Ltd.: Results From Drilling and Sampling at
****FULL DISCLOSURE – Garrison Is An AGORACOM Client
Garrison International Ltd. (TSX VENTURE:GAU)
drilling commenced in August on Gold Deposit located in
partial results have been obtained for the first 17 holes. More results to follow.
HIGHLIGHTS
– TOV007 assay results show 9.68 g/t Au over 1.5 m from 3.0 to 4.5 m depth
– 11061 assay results show 19.92 g/t Au over 1.0 m
– 11067 assay results show 46.99 g/t Au over 1.0 m
– 11069 assay results show 32.42 g/t Au over .6 m
Drilling to date supports the model for near surface mineralization and open pit potential similar in structural geology to the Boroo mine in northern
Two additional drilling rigs to be added in October to assist in resource definition
.12
Troymet Announces Base Metal Discovery at
Troymet Exploration Corp. (TSX VENTURE:TYE)
announced the discovery of significant base metal mineralization from the 2007 diamond drilling program on the
The 2007 drilling program consisted of 5 holes totalling 1,444 metres.
Four of the five holes intersected a semi-massive to massive sulphide horizon with significant zinc (+/- copper) mineralization in two holes
.16
Prism Medical Ltd.: Prism Medical announces repurchase of up to $4 million worth of its common shares via substantial issuer bid
Prism Medical Ltd. (PM – TSX Venture)
has authorized an offer to repurchase for cancellation up to $4 million worth of its common shares, at a price range of $3.25 to $3.75 per share, through a Dutch auction type substantial issuer bid.
Stock is currently trading at $2.50
Up to a maximum of 1,230,769 common shares may be repurchased under the issuer bid, representing approximately 20% of Prism’s outstanding common shares. Prism currently has approximately 6 million common shares issued and outstanding.
How it works
The Board of Directors of Prism has retained LECG Canada Ltd. (“LECG”) to provide a formal valuation and an opinion on the fair market value of Prism’s common shares in accordance with applicable securities legislation. LECG has determined that the fair market value of Prism’s common shares as of May 31, 2007 is in the range of $4.15 to $4.84 per share.
Prism is making the offer to provide a liquidity opportunity for shareholders and because the Board of Directors and management believe that the shares have been trading in price ranges which do not fully reflect the value of Prism’s business and future prospects, and in volumes that do not provide reasonable liquidity for shareholders
2.50
END OF NOTES