Weekly Update, March 16, 2007

• AMPXAmpex Corporation Announces Release Date for FY2006 Results and Conference Call Info;We Preview the Numbers;Strong Buy Rating Reiterated
• AMPXAmpex Corporation Announces New Board Member;Strong Buy Rating Reiterated
• AMSWAAmerican Software Reports 40% Increase In Operating Earnings
• BIPHBiophan Appoints Bonnie Labosky to its Board of Directors;Neutral Rating Reiterated
• BLDBaldwin Names John Jordan To CFO Post; Reiterate Buy
• CHBTChina-Biotics Raised To Strong Speculative Buy In Update Coverage; Driven By The Increasing Awareness Of Preventive Health
• CLRIClearant, Inc.: 10-K Filing Could Be Delayed.
• DLSLDeli Solar (USA) Speculative Buy Rating In Update Coverage; Products For Households In The People's Republic of China
• DXPEDXP Enterprises Reports Strong Fourth Quarter Results in Line With Dutton Associates Estimate; Stock Advances Over 10% in Late Trading; Reiterate $50 Price Target and Strong Buy Recommendation
• DXPEDXP Enterprises to Host First Conference Call Following Release of 2006 Results; Reiterate Strong Buy Rating
• EPMEvolution Petroleum: Reports Second-Quarter Results of $0.02 Loss vs. Our Breakeven Estimate
• FORGForgent Networks Reports Second-Quarter and Six-Month Results for FY2007; Reiterate Strong Speculative Buy Rating and Price Target of $2.40
• GPREGreen Plains Renewable Energy Rated Strong Speculative Buy In Update Coverage; Turn Profitable In The Fourth Quarter of 2007
• GPREGreen Plains Announces New CEO; Reiterate Strong Speculative Buy Rating
• HRBNHarbin Electric's Robust Fourth Quarter and Non-cash Items Lifts Fiscal 2006 Financial Results; Earnings Forecasts for 2007 and 2008 and Price Target Under Review
• HYDGHydroGen Corporation Reports 2006 Results; Makes Progress On Business Plan; Speculative Buy Reiterated
• HYDGHydroGen Corp. Makes Progress On Growth Strategies; Fourth Quarter Preview
• HYDGHydrogen Corp. Begins Trading On Nasdaq
• LGTYLogility, Inc. Reports Operating Earnings Up 22% on Record Revenues
• LMECLime Energy Co. Reports Preliminary Results of Q4/2006 and FY2006: Restructuring and Full Company Integration Completed in FY2006;Strong Speculative Buy Reiterated
• LMECLime Energy to Conduct Conference Call to Discuss 4Q/2006 and Full-Year 2006;Rights Offering Instructions Clarified;Strong Speculative Buy Reiterated
• LTRXLantronix Rating of Strong Speculative Buy Maintained; Expect Lantronix's Growth To Accelerate Over The Intermediate Term From The Introduction Of Multiple Products In The Past Two Years
• MAMMaine & Maritimes Corporation: Feasibility of New Transmission Line Studied; 10-K Could Provide Color On Future Direction.
• MDVMedivation Strong Speculative Buy Rating In Update Coverage;Three Promising Therapies With Potential To Advance Treatment Results In The Fights Against Alzheimer's disease, Huntington's disease and Prostate Cancer
• MDVMedivation To Jump From The Amex To The Nasdaq; Reiterate Strong Speculative Buy
• MDVMedivation to Present Clinical Progress at Healthcare Conference; Reiterate Strong Speculative Buy
• MNOVMediciNova To Present At Healthcare Conference; Reiterate Strong Speculative Buy
• MNOVMediciNova Strong Speculative Buy Rating In Update; Significant Potential Improvements Over Current Standards Of Care For A Variety Of Diseases And Conditions
• NTIINeurobiological Technologies Reports Second Quarter Results: Reiterate Strong Speculative Buy
• OTDO2Diesel Corporation Quarter Previewed; Company Enters Into Supply Agreement With Fair Energy.
• OTDO2Diesel Speculative Buy Rating Reiterated In Update Coverage; Announces Acquisition of ProEcho Energy Who Is Building 100 mm Gallon Ethanol Plant
• OTIVOn-Track Innovations: Publishes 4Q 2006 Results, First Reaction and Reiterate Strong Buy and USD$12 Price Target
• PCEPACE in C$9 Million Turnkey Degasification Contract
• PHLIPacificHealth Labs Announced Its Fourth Quarer And Year-end Results; Total Quarter Revenues Up 51.2% to $1.11 Million EPS Were ($0.03) Compared To Our $0.00 Estimate
• PNTRPointer Telocation (PNTR): Signs Two MOUs in Argentina, Reiterate Strong Buy
• PNTRPointer Telocation: 4Q 2006 Results Preview
• PRCPetro Resources: Successfully Closes Williston Basin Acquisition; Should Increase Proved Reserves More than 100%
• PTSCPatriot Scientific Announces License for Leading Worldwide Flash Storage Card Company;Strong Speculative Buy Rating Reiterated
• PTVLPro Travel Network Speculative Buy Rating In Initiating Coverage; Direct-To-Consumer Service Business That Leverages The Home-Based Business Concepts With The Travel Industry
• PVCTProvectus To Boost Investor Relations Capabilities, Increase Awareness; Reiterate Strong Speculative Buy
• RZRaser Technologies Makes Two Announcements
• SHMTShumate Industries: Preliminary Results In-Line after Deferred Revenue Adjustment
• SILApex Silver Derivatives Trigger Restatement
• TASATouchstone Applied Sciences Rating Maintained At Buy; The Questar Acquisition Was The Defining Event of Fiscal 2006; Trading At Only 5.4x Projected Fiscal 2007 EBITDA Vs 15.5 Industry Average
• TASATouchstone Applied Science Associates: One-time items contribute to FY06 loss; FY07 estimate lowered; shares trade at only 5.7x FY07 projected EBITDA; Buy rating maintained.
• TASATouchstone Applied Science Associates, Inc.: Fiscal Fourth Quarter Earnings Preview.
• TCHC21st Century Reports Fourth Quarter and FY2006 Results; Our Comment - Negative Numbers Belie Positive Results; Strong Buy Rating Reiterated
• TCHC21st Century Holding Company Announces Dividend;Maintaining $0.18 Quarterly Rate:Reiterate Strong Buy Rating
• TISATop Image Systems: Tracking Our Estimates, Reiterate Buy
• TNXITelenetix Announces High-end Videoconferencing Products Interoperable With Most Desktop Videoconferencing Systems; Reiterate Strong Speculative Buy
• WAVXWAVE TDM Shipping With Seagate Notebook PC Hard Drive
• XARXaar: To Report 2H 2006 on March 15. Results Preview