Stocks to Watch - NVTL, ESLT, JEC, PPRG

Winston-Salem 8/07/2007 12:50 PM GMT (TransWorldNews)

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Novatel Wireless (Nasdaq: NVTL) Closed at $21.36. Added as a New Focus Stock at SmallCapReview. Reported financial results for the second quarter Monday after market close.

Revenue for the second quarter was up 113% to $97.4 million compared to revenue of $45.7 million reported in the same period last year. Second quarter GAAP net income was $8.0 million, or $0.25 per diluted share. This compares to GAAP net income of $95,000, or $0.00 per diluted share in the prior year period. 2007 second quarter GAAP results include approximately $1.8 million of non-cash share-based compensation, or $0.06 per diluted share, net of taxes. Excluding the effect of these charges, non-GAAP net income was $9.8 million or $0.31 per diluted share for the second quarter of 2007.

Elbit Systems Ltd. (Nasdaq: ESLT) Closed at $40.28. Announced today it has been awarded three contracts valued at a total amount of $163 million for the supply of tank and artillery systems upgrades for customers in three Asian countries.

The projects include upgrading of Fire Control and Command & Control systems for tanks and artillery systems. The various programs covered by the contracts are scheduled to be performed through 2009.

Joseph Ackerman, President and CEO of Elbit Systems, said "Recent land systems orders announced by the company, including the sale of turrets to Romania and Slovenia, positions Elbit Systems as one of the leading companies in the field of land systems. Our strong technological infrastructure and know-how, accumulated experience and the synergy of the wide range of activities performed by the companies and divisions of the Elbit Systems Group enables us to provide our customers with unique solutions delivering significant added value which distinguishes us from the competition. I believe the new orders will serve as a springboard for additional orders from these customers and other customers worldwide".

Jacobs Engineering Group (NYSE: JEC) Closed at $61.69. Announced today that it received a contract from NASA to provide facility operations services at Stennis Space Center (SSC), near Bay St. Louis, Miss.

With a maximum potential value of $561 million, the 10-year cost-plus-incentive-fee contract has a three-year base period with seven potential one-year award terms.

Through this contract, Jacobs will provide facility engineering, maintenance and operations, and institutional services to support NASA's missions at SSC. They will also support programs for more than 30 other Federal and state agencies located at SSC that share and utilize the Center's facilities and services.

In making the announcement, Jacobs President and CEO Craig Martin said, "We are committed to the success of the NASA Stennis Space Center, and we are pleased to expand our support to this important client. We also look forward to providing responsive services for SSC's resident agencies and contractors, who are engaged in highly diversified and critical programs."

Patient Portal Technologies (OTCBB: PPRG) Closed at $0.51. Announced today that the Company had agreed to acquire patient communications services contracts for 22 hospitals in the northeastern United States from Worldnet Communications Inc. of Syracuse, NY. The contracts represent approximately $5.1 million in current annual revenue and will be acquired for $1.5 million in cash and a combination of common stock and convertible Preferred Stock, with a total transaction value of $4 million. The transaction is expected to close before the end of August.

``This acquisition significantly increases our cash flow and at the same time gives us access to 22 additional hospitals and medical centers for our entire suite of Patient Portal products and services. There is a great demand from healthcare institutions for our Healthcast, QuickPulse Surveys, and patient-flow services, and through these add-on services we expect to significantly increase the revenues from these contracts over the next six months,'' said Kevin Kelly, CEO of the Company. ``We believe that there is tremendous growth potential in the healthcare industry for our products and services, and we are currently negotiating additional contract acquisitions in order to further expand our customer base,'' Mr. Kelly added.

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