RedChip Weekly Update

RedChip Alerts


NEXT REDCHIP VIRTUAL CONFERENCE IS JULY 16TH Hear executives of small-cap companies offer industry specifics and inside views of their businesses during webcast presentations beginning at 9:20 a.m. EDT, July 16th. Covered sectors include Energy, Technology, Healthcare/Biotech, and Telecommunications, and more. Learn more


INDIA GLOBALIZATION CAPITAL, INC. (AMEX: IGC) India Globalization Capital, Inc., a company developing infrastructure in India, announced that its subsidiary, Sricon Infrastructure, was awarded a $4.2 million contract by Vijay Engineering for civil engineering and construction of a housing complex in the city of Kalburgi (Gulbarga) for Rajashree Cements, part of the multi-national corporation Aditya-Birla Group. The contract will commence in September-2008 and continue for a period of eighteen (18) months. This latest contract increases India Globalization Capital's backlog of orders to approximately $366 million. Read More Learn about IGC


CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. (NYSE: CSR) is a new addition to the RedChip Independent Index. RedChip initiated research coverage on CSR on July 1st. Matthew Kantrowitz, RedChip Analyst and Director of Equity Research reported: “CSR's move from the bulletin board to the big board coupled with strong 2007 results has catapulted its share price. However, recent declines present an excellent buying opportunity for growth-oriented investors. We believe CSR will continue to benefit from consolidation in a fast growing industry in China. Having an excellent relationship with the Chinese government should continue to gain the Company lucrative contracts in the up coming years. We think the growth story here will continue to be very attractive and produce impressive returns for shareholders." Full report available to subscribers


WORLDWIDE ENERGY & MANUFACTURING USA, INC. (OTC BB: WEMU) Announces Approximately $15M to Date in Solar Division Contracts -- Worldwide Energy and Manufacturing USA, Inc. (OTC BB: WEMU), a U.S.-based China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, has announced that its solar division, AmeriSolar, signed solar module contracts for orders valued at approximately $15 million. Read More Learn about WEMU Read Research Report


BRIDGELINE SOFTWARE, INC. (Nasdaq: BLSW) ), a developer of web application management software and award-winning web applications, announced on July 1, 2008 that Indigio Co-Founder Tim Higgins will lead Bridgeline Software's Denver Operations. The Indigio Group, Inc. has merged into Bridgeline Software, expanding Bridgeline Software's presence into Denver, Colorado and the Rocky Mountain region. Read More Learn about BLSW

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ELEPHANT TALK COMMUNICATIONS (OTC BB: ETAK), an international telecom and multimedia content distributor, recently announced that the company has received subscriptions for $7 million in equity financing, $3.3 million of which has been funded. ETAK has developed a unique business model as a global network systems integrator and delivers a 100% turnkey telecom platform. Read More Learn about ETAK Read Research Report


VIDSHADOW, INC. (Other OTC: VSHD), one of the Internet's fastest growing video distribution networks providing solutions to advertisers, content providers, and affiliate web sites, today announced an agreement with FORA.tv, the brilliant ideas network for intelligent discourse and debate, to syndicate content across the Vidshadow network, as well as their online video portal www.vidshadow.tv. Content will include video covering today's most compelling political, social, technological and cultural issues from renowned thought-leading organizations, including The Aspen Institute, C-SPAN, the World Affairs Council, Georgetown University and many more. Read More Learn about VSHD


ECHO THERAPEUTICS, INC. (OTC BB: ECTE) announced July 1st that the Company has initiated a clinical study of its Symphony(TM) Transdermal Continuous Glucose Monitoring System in patients with Type 1 and Type 2 Diabetes. The Company expects to complete and announce the results of the study in the third quarter of 2008. Echo's non-invasive Symphony tCGM System consists of its Prelude(TM) SkinPrep System, which incorporates patented and leading-edge skin permeation control technology, and wireless transmission and proprietary transdermal biosensor technologies. Echo's Symphony tCGM System is designed to provide both diabetes and hospital patients with a reliable, needle-free, easy-to-use, affordable and comfortable-to-wear continuous glucose monitoring device. Read More Learn about ECTE Read Research Report


LEGEND MEDIA, INC. (OTC BB: LEGE), a rapidly growing advertising business focused on the Chinese radio market, recently announced the closing of a $3.0M round of private financing from an institutional investor. Legend Media intends to use the net proceeds to fund the cost of its recently announced acquisition, as well as expand its sales and marketing infrastructure. Read More Learn about LEGE Read Research Report Join us for RedChip’s next Small-Cap Investor Conference in New York City August 21, 2008 Visit our Conference Page

View videos of CEO Interviews and Company Presentations from the RedChip San Francisco Small-Cap Conference Register to Watch

RedChip Research

Our approach to finding great companies is doing the homework. We use our experience and expertise to discover undervalued, emerging small-cap companies that have the potential to become tomorrow’s Blue Chips.

RedChip Visibility
Company-Sponsored Research

CAXG - Strategic alliance aids credibility, liquidity
CAXG Q3 2008 Update

CABN - Converting CO2 into paper, plastic, paint
CABN Q1 2008 Update

GNB - Dynegy contract propels commercialization
GNB Q1 2008 Update

LEGE - Radio advertising in $16B Chinese market
LEGE Initial Report

ETAK - Rapid expansion into high-growth markets
ETAK Initial Report

RedChip Independent
Non-Sponsored Research

PVSW - Surpasses estimates, consistently profitable
PVSW Q3 2008 Update

CSR - Over $100M in new Chinese security contracts
CSR Initial Report

LKQX - Beats 1Q estimates, enters heavy truck market
LKQX Q1 2008 Update

XFN - Wide and stable customer base aids growth
XFN Initial Report

CYTR - Developing treatments for ALS and strokes
CYTR Initial Report


RedChip IR Update

Ticker: QTWW
Exchange: NasdaqGM
RedChip Engagement: February 08
Sector: Alternative Energy
Price Appreciation: +306%

Ticker: RCKE
Exchange: OTC BB
RedChip Engagement: January 08
Sector: Energy
Price Appreciation: +212%

Ticker: QBIK
Exchange: OTC BB
RedChip Engagement: January 08
Sector: Energy
Price Appreciation: +194%

Ticker: SSEY
Exchange: OTC BB
RedChip Engagement: June 07
Sector: Energy
Price Appreciation: +72%

Ticker: RXII
Exchange: NasdaqCM
RedChip Engagement: May 08
Sector: Biotechnology
Price Appreciation: +38%

Ticker: WEMU
Exchange: OTC BB
RedChip Engagement: July 07
Sector: Manufacturing
Price Appreciation: +36%

Ticker: ZBB
Exchange: AMEX
RedChip Engagement: April 08
Sector: Alternative Energy
Price Appreciation: +33%

REDCHIP IDEAS: SMALL-CAP BLOGCAST
Why I would like Worldwide Energy and Manufacturing (WEMU: OTCBB) even if I were not paid to like the Company: A fast growing Solar Play, 1st Quarter Revenue up 90%, Earnings up 89%