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Nov 18, 2008 (M2 PRESSWIRE via COMTEX) — Our Stocks to Watch today include : ZAP (OTCBB: ZAAP), KIT digital, Inc. (OTCBB: KITD), Liquidmetal Technologies Inc. (OTCBB: LQMT), SkyPostal Networks, Inc. (OTCBB: SKPN), LCNB Corp. (OTCBB: LCNB), and Hamptons Luxury Homes, Inc. (OTCBB: HLXH)
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ZAP (OTCBB: ZAAP) Shares traded down 8.57% at $0.32

ZAP engages in the development, acquisition, and commercialization of electric vehicles and electric vehicle power systems in the United States. Its products comprise three-wheeled personal transporters and off road vehicles. The company also produces an electric scooter using parts manufactured by various contractors, as well as rechargeable battery sources using lithium-ion and lithium polymer technology for mobile electronics, such as cellular phones, digital cameras, and laptops. It markets various forms of transportation, including alternative energy and fuel efficient automobiles, motorcycles, bicycles, scooters, personal watercraft, hovercraft, neighborhood electric vehicles, and commercial vehicles. ZAP markets and sells its products through automobile dealers, as well as through its Internet. The company was founded in 1994. It was formerly known as ZAP Power Systems and changed its name to ZAP in 2001. ZAP is headquartered in Santa Rosa, California.

ZAAP News Yesterday, ZAP announced financial results for the third quarter ending September 30, 2008. The company announced that increased demand for alternative transportation has resulted in record Advanced Technology Vehicle (electric vehicles) segment revenue in the quarter ended September 30, 2008 of $2.2 million, up 180% from Sept, 2007 quarter revenue of $0.8 million. “We are pleased to report that electric vehicle sales accelerated in the third quarter as we increased our manufacturing capabilities and the recent $10 million working capital credit line accelerated production and assembly operations,” said ZAP CEO Steven Schneider. “Although economic conditions have become more challenging for conventional auto dealers, we have had success on the dealer development front as we continue to expand our presence nationwide.”

KIT digital, Inc. (OTCBB: KITD) Shares traded down 2.27 at $0.215

KIT digital, Inc., through its subsidiaries, engages in providing Internet software products and solutions that enable customers to distribute video content through the Web sites and mobile devices. Its core activities include video player deployment, ingestion and transcoding, localization, content syndication, digital rights management, hosting, storage, and content delivery. The company, through its Internet protocol television (IPTV) enablement, provides integrated marketing solutions, including strategic planning, creative services, media planning and buying, design services, brand and retail advertising, and data management and analytics. KIT digital offers a customized online video platform that enables clients to publish, manage, and distribute content; build communities; and integrate advertising. It also provides a range of traditional advertising services, including media buying and planning, creative development, and packaging. The company, formerly known as ROO Group, Inc., was founded in 1998 and is headquartered in New York, New York with additional offices in Dubai, the United Arab Emirates; Melbourne, Australia; Bogota, Columbia; and London, the United Kingdom.

KITD News Yesterday, KIT reported financial results for the third quarter ended September 30, 2008. Financial results in this release are quoted in U.S. dollars, although a material portion of the company’s revenue is earned in other currencies. For the third quarter of 2008, revenue totaled $5.4 million, as compared to $5.5 million in the previous quarter and $3.4 million in the same quarter a year ago. The company’s revenues include software license and maintenance fees, streaming and data fees, technical and creative service charges, software set-up fees, and advertising-related income. During the third quarter, the U.S. dollar appreciated versus the other currencies in which the company generates revenues. On a like currency basis, KIT digital increased revenues during the quarter. The company employs a “natural hedging” strategy in which management endeavors to match revenue generated in a given currency against the associated client delivery costs denominated in the same currency. This strategy results in approximately neutral cash-flow impact from foreign exchange movements, despite changes in reported gross revenues. The net loss for the quarter was $2.6 million or ($0.02) per basic and diluted share, compared to a loss of $3.3 million or ($0.04) per basic and diluted share in the previous quarter and a loss of $8.2 million or ($0.21) per basic and diluted share in the third quarter of 2007. The net loss for the quarter reflects several non-cash items, including $188,000 in stock-based compensation, compared to $73,000 in the previous quarter and $1.2 million in the same year ago quarter. Additionally, the net loss included restructuring charges of $162,000 relating to employee termination and facility closing costs, as compared to $146,000 in the previous quarter and none in the third quarter of 2007.

Liquidmetal Technologies Inc. (OTCBB: LQMT) Shares traded up 41.07% at $0.079

Liquidmetal Technologies, Inc., together with its subsidiaries, develops, manufactures, and sells products and components made from bulk amorphous alloys worldwide. It operates in two segments, Liquidmetal Alloy Industrial Coatings and Bulk Liquidmetal Alloys. The Liquidmetal Alloy Industrial Coatings segment offers proprietary coatings, powders, bulk alloys, and composites, which are used as a protective coating for industrial machinery and equipment, such as drill pipe used by the oil drilling industry and boiler tubes used by coal-burning power plants. The Bulk Liquidmetal Alloys segment manufactures and sells casing components for electronic devices, medical devices, sporting goods, tooling, prototype sampling, defense applications, and metal processing equipment. In addition, this segment engages in tooling and prototype sampling, and the manufacture and sale of die casting and VIM equipment. The company has a joint venture with SAGA, SpA to focus on the development and commercialization of eyewear. Liquidmetal Technologies was founded in 1987 and is based in Rancho Santa Margarita, California.

LQMT News Yesterday, Liquidmetal Technologies announced it will release financial results for the three months ended September 30th 2008 at approximately 4:00 pm (EST) on Wednesday November 19th 2008. Liquidmetal Technologies will host a conference call at 4:30 pm (EST) that day to discuss the results.

SkyPostal Networks, Inc. (OTCBB: SKPN) Shares traded down 39.58% at $0.29

SkyPostal Networks, Inc. operates as an international mail distribution company that specializes in the hand delivery to final addressees of commercial mail and periodicals mailed into the Latin America-Caribbean region (LAC) from the United States and Europe. It provides international, wholesale mail delivery services to 20 major countries in LAC. The company offers a door-to-door service principally using outsourced transportation via international commercial airlines and local in-country delivery companies, private postal services, and national postal services in certain countries. It serves commercial re-mailers, mail consolidators, mail fulfillment houses, and the facilities of international postal administrations in the U.S., as well as commercial re-mailers, mail wholesalers, local private postal services, international delivery companies, and national postal administrations outside the U.S. The company is based in Miami, Florida.

SKPN News Yesterday,SkyPostal Networks reported financial results for the third quarter ended September 30, 2008. Revenue for the three months ended September 30, 2008 increased to $2.2 million, compared with $2.1 million for the prior quarter and $1.9 million for the three months ended September 30, 2007. The year-over-year increase in revenues was largely due to an increase in tonnage of 21.5% year-over-year, partially offset by a 7.8% decrease in revenue per kilogram due to competitive pricing pressure. “Through our established private postal network, we are well positioned to grow our business and capitalize on the international postal market opportunities in the Latin America-Caribbean (LAC) region as well as the emerging private postal European market,” said Albert Hernandez, SkyPostal President and CEO. “We are making steady progress toward our growth strategy to expand our market reach and strengthen our business.”

LCNB Corp. (OTCBB: LCNB) Shares traded down 3.59% at $8.65

LCNB Corp. operates as the holding company for Lebanon Citizens National Bank that provides commercial and personal banking services in Ohio. Its deposit products include checking accounts, NOW accounts, savings accounts, Christmas and vacation savings, money market deposit accounts, Classic 50 accounts, individual retirement accounts, and certificates of deposit. The company?s loan portfolio comprises commercial loans; commercial and residential real estate loans, such as loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages; construction loans; and consumer loans, including automobile, boat, home improvement, and personal loans. It also offers agency and trust services, retirement savings products, and mutual fund investment products to individuals, partnerships, corporations, institutions, and municipalities, as well as provides security brokerage services. In addition, the company provides safe deposit boxes, night depositories, U.S. savings bonds, travelers? checks, money orders, cashier?s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public services, personal computer based cash management services, telephone banking, and Internet banking services for individuals and businesses. As of December 31, 2007, it had its main office located in Warren County, Ohio; and 23 branch offices in Warren, Butler, Clinton, Clermont, and Hamilton Counties, Ohio, as well as operated 31 ATMs. Further, LCNB, through its subsidiary, Dakin Insurance Agency, Inc., engages in insurance agency businesses. It involves in the sale and servicing of personal and commercial insurance products, and annuity products. The company was founded in 1877 and is headquartered in Lebanon, Ohio.

LCNB News Yesterday, The Directors of LCNB Corp. have declared a Fourth Quarter dividend of $.16 per share on the company’s common stock. The dividend will be paid on December 15th to shareholders of record December 1, 2008. This represents a 3.2% increase over the $.155 per share paid for the Fourth Quarter, 2007.

Hamptons Luxury Homes, Inc. (OTCBB: HLXH) Shares traded down 50% at $0.03

Hamptons Luxury Homes, Inc., through its subsidiaries, operates as a builder of single-family homes in New York. It engages in building and maintaining custom homes, luxury vacation homes, and ultra-luxury estate homes in the Hamptons area of Long Island. The company also provides renovations of homes, historical restorations, and commercial construction. In addition, it offers ongoing property management, maintenance, and service; building material and hardware; materials for the housing and light industrial industries; and construction administration and advisory services related to the residential construction and development of commercial and multiple-use projects. The company, through a joint venture, Architectural Woodwork of the Hamptons, LLC, manufacturers and installs custom millwork, custom cabinetry, custom built-ins, and furniture. Hamptons Luxury Homes was founded in 1978 and is based in Bridgehampton, New York.

HLXH News Yesterday,Hamptons Luxury Homes reported results for the quarter ended September 30, 2008. For the quarter the Company reported revenues of $1,382,731 and a net loss of $61,136 or $0.00 per share. This loss follows six consecutive quarters of profitability for the company and is attributable to the challenging economic conditions that manifested themselves during the quarter. This result compared to three month revenues for the comparable quarter last year of $3,743,123 and net profit of $204,981 or less than $0.01 per share. For the nine months ended September 30, 2008, the Company reported revenues of $7,694,449 and net profit of $241,583 or less than $0.01 per share, compared to 2007 nine month revenues of $6,585,098 and net profit of $466,441 or less than $0.01 per share.

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