Dow Jones 11602.50 +135.16 3:18 pm PDT, July 22, 2008 NASDAQ 2303.96 +24.43 For info, visit access.smallcapnetwork.com S & P 500 1277.00 +17.00 Change your subscription status here Russell 2000 716.82 +19.19 VOLUME 08 : ISSUE 65 Voyant Adds Heavy Hitter to Lineup There's an old saying "You can judge a person's character by the company they keep." However, I wonder if you can judge a company's character by the people they keep. I think you really can, which is why I think even more highly of Voyant today. Maybe you saw this morning's news release regarding Voyant International's (OTCBB: VOYT) newest staff addition. What you probably didn't see was the letter from CEO Dana Waldman, which came out just a few minutes ago. I reprinted the letter below (which was largely about the press release), but I'll hit the highlights within my discussion.    Small Company Taps Big-Name Experience Like I mentioned above, I think a small company's credibility can be gauged by the quality of people they recruit, or the caliber of people who choose to work there. That's why I was impressed by Voyant naming Jay Elliot as the General Manager of Software Products and Services. The position also makes him the President of the company's RocketStream data transfer acceleration subsidiary. Normally those 'new hire' stories don't faze me ...somebody has to work there after all. I thoroughly read the news all the same though, and I'm glad I did. Why? Elliot is about as qualified as anybody could be. Check out some of his past positions:  Senior Vice President of Operations at Apple Computer (oversaw the development of the original Macintosh software, which raised Apple's revenue from $150M to over $2B)  Director of IBM's 16,000-employee Santa Teresa software laboratory  Director of Intel's California operations.  Founder of Migo Software (the software is now distributed by several industry-leading companies, including Kingston, HP, and Memorex)  CEO of San Francisco Studios President of Acclaim Entertainment Intel, IBM, and Apple? The guy could probably get a great job anywhere we wanted to, and I suspect money is not one of his concerns. So where does he choose to use his talent? Voyant International.  So, here's my not-entirely-rhetorical question....why would a highly-employable guy like Jay Elliot choose to take over the helm of a young upstart?  Here's my answer - he sees something good down the road, and wants to get involved in it now.  My point is, if it's compelling enough for a guy like Elliot to embrace, maybe there's even more to Voyant's opportunity than we first realized.  On that note...    RocketStream Back in Focus The fun part about a multi-pronged company like Voyant is keeping tabs on their current focus. Our coverage began largely founded on RocketStream - their proprietary software that makes the Internet faster. Then, as the aviation broadband thing materialized, we turned our attention there.  With the addition of Elloitt as RocketStream's chief though, I think we need to keep up with both going forward. For any newcomers, RocketStream maximizes the way data is transmitted over the web. I'm sure all of you have seen the 'http://' in front of every website's address. Some of you may have even seen an 'ftp://' prefix. Both are frameworks for sending digital data over the web, and then reconverting it back into a useful format. The problem is, they're painfully slow. They were never designed to transport the massive amounts of data we're sending via the Internet now (like songs, book-sized files, and even movies). We can increase the Internet's capacity - or fatten the pipeline - all you want...http and ftp still will only be able to use a small fraction of that capacity.  RocketStream, on the other hand, can almost fully utilize the web's transmission capacity. As a result, it's able to send information up to 200 times faster than current technologies allow. The potential is clear. And, the technology works. A division of the Nielsen Ratings organization has already purchased the technology. They also have several partners (like Proginet) they're working with on getting RocketStream into the mainstream. In other words, the product is deliverable - now it just has to be marketed and managed. This is where Jay Elliot comes in.  I think the addition of Elliot will accomplish two things for Voyant at this critical juncture. One, given Elliot's experience, I have to think he has a lot of personal contacts that could turn into business relationships. And two, again given Elliot's experience, I'm quite certain he'll know how to further penetrate this market.  On that note, Waldman briefly added one thing I want to make sure you don't miss.  He said in his letter that Q2's sales of RocketStream were higher than in previous quarters. He was referring to the quarter that ended on the last day of June, which hasn't been reported yet. Anyway, I think he may have understated the significance of those impending results.  For all intents and purposes, Voyant is a start-up. Meaningful revenue didn't start coming in until Q1 (calendar first quarter) of this fiscal year. For the company to tell us Q2 was better than Q1 - given the situation - is an outstanding sign of viability. I'm looking forward to any top line increase, as a little more revenue could generate a lot of excitement for this small cap company.  Anyway, here's the CEO's letter.   July 22, 2008  Dear shareholders,  It seems like only yesterday that we held our second annual shareholders' meeting, but so much has happened that time seems to fly by. I'd like to update you on some of the more recent events here at Voyant.  First, I'd like to tell you about another new executive who has joined Voyant. I'm very pleased to welcome Jay Elliot to our team. Jay will serve in a dual capacity as both General Manager of Software Products and Services and as President of RocketStream.  Jay is a true Silicon Valley legend, with a career history steeped in the growth of the Valley's software industry. In his early days, he was a programmer at IBM, quickly rising to become director of IBM's entire Santa Teresa software laboratory. He then went to work for Andy Grove, directing Intel's California operations. Jay also worked directly with Steve Jobs as Senior VP of Operations at Apple Computer, where he oversaw the development of Apple's flagship Macintosh software and was instrumental in growing a $2 billion business. I think you can understand why we're so excited to have Jay with us here at Voyant.  As some of you have heard me say before, we believe that the value of our RocketStream technology is most compelling when it is harnessed to solve larger system-level solutions and problems, not simply as a discrete product. Having said that, I'm pleased to report that revenues for the discrete RocketStream product continue to grow, and sales for the second quarter, while still modest, were significantly ahead of prior quarters and moving in the right direction.  Another benefit of our focus on embedding RocketStream software into other applications is that our customers will constitute a virtual sales channel for us. As those companies sell their products, they are actually selling RocketStream. Our recent Proginet announcement is an example of this model.  With the addition of Jay, we are accelerating the evolution of our software business. Jay will be working on a whole array of software businesses focused on the intersection of digital content and technology. Principal among these are RocketStream-related business, where we can leverage the technology we have already developed. However, Jay will also be evaluating and executing on a variety of exciting new software product and service opportunities, some of which we've been pursuing for a while and some of which are new to Voyant. The coming months should see us moving in some terrific new directions.  As part of this organizational enhancement, Jay will also take over the day-to-day operations of RocketStream as its president. Jay's many years of industry experience will be invaluable in fulfilling this charter.  RocketStream Founder Scott Fairbairn will operate independently as a consultant and coordinate with the Voyant management team to evaluate and launch new businesses that leverage the RocketStream engine. Scott will continue to serve on Voyant's Board of Directors. As part of this transition, Herschel Stiles will become Voyant's Chief Technology Officer (CTO).  In parallel with these structural changes to our software business, the rest of the Voyant family of businesses continues to progress at a brisk pace. We recently announced that our Aviation Broadband solution just completed the first in a series of flight tests. As part of such a large-scale system development, you can imagine that there are many technical challenges to be worked out. These first tests exceeded our performance expectations, and we are quite pleased with the results. We will continue with this development program as expeditiously as possible. In parallel, we continue to meet with various airlines, regulatory agencies, and other potential partners, and some of you may have noticed our new website dedicated to this business at http://www.voyant.aero.  Finally, I wanted to let you know that we are in the process of restructuring our Investor Relations program to reach out to potential new investors and to provide our current shareholders with the best transparency possible. We are implementing a new messaging campaign, increasing our media and technology industry presence, engaging some new external resources, and even starting an industry blog (http://voyantblog.net). Please continue to contact us at anytime through e-mail at investorrelations@voyant.net.  It remains a very exciting time at Voyant, and the summer months have us as busy as ever. Please join me in welcoming Jay Elliot to the team, and I hope your passion for Voyant continues to be as strong as ours.  Sincerely,  Dana Waldman  CEO  P.S.: As always, please remember that in this letter, we make forward-looking statements about our future expectations, plans and prospects. There is a risk that the actual results we achieve will differ from those forward-looking statements. To better understand these risks and the reasons that our results may differ from our statements, please read the "Forward Looking Statements Note" on the Investor page of our website and our filings with the Securities Exchange Commission, especially Forms 10KSB and 10QSB.    We Value Your Feedback   Got comments, questions or suggestions? Send 'em on over: Email the Editor If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 4653 Carmel Mtn Rd Suite 308 #402 San Diego, CA 92130 Out With the Old & In With the New - StockGroup is Now Stockhouse It didn't really bother me, mostly because I was intimately familiar with the company and its proprietary website from the onset. But, I can see how it might be a welcome change to investors. What I'm talking about is the logical - though unexpected by me - name change for the company formerly known as Stockgroup Information Systems Inc. They've changed their name to Stockhouse Inc....which is the same name as their primary website.  No biggie; the operation won't change from an investor's or a site user's perspective. This just brings everything under one umbrella, so there won't be any confusion about which site you need to go to to find information - it'll all be at the same site.  Oh, there's a ticker change too. Don't use 'SWEB' anymore following the switch. The new ticker will be 'STKH'.  The official word is that the name change (and I assume website changes) will take place in third quarter.  On a side note, you may have noticed their site called Small Cap Center (smallcapcenter.com) has been diverting you to Stockhouse.com. That's by design. The new stockhouse.com site can do everything smallcapcenter did, and more. Also, some of you have inquired to use about how you can get the smallcapcenter.com back. We don't know - it's not our site even though the names and focal points sure are aligned. We recommend you embrace the stockhouse.com site. It's really cool once you learn how it all works.    Applied DNA (Shareholder Meeting To Be Rescheduled Just an FYI - Applied DNA (APDN) is going to reschedule their annual shareholder's meeting. It was going to take place on September 16th in Stony Brook, New York. The company has postponed the event though, and will release a new meeting time and location in the near future.  The September 16th meeting was for shareholders on record as of July 15th. That record date, however, will not apply for the rescheduled meeting; a new date of record will also be announced soon.  Subscribe Information is power and timely information is profitable. Become informed and profit from Small Cap Network Profiles and Trading Alerts by becoming a Preferred Member today. There is no cost associated with your email subscription. Add your email address below and make sure to check your email inbox and confirm your opt-in request to start receiving the Small Cap Network Email Newsletter on a regular basis. To ensure newsletter delivery, you can add any additional email addresses you may have to the Small Cap Network Member List. Receiving the Small Cap Network Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery. Subscribe Here Note: Your email address will be kept strictly confidential, and will not be shared with any other entity for any purpose at any time. If you no longer wish to receive the Small Cap Network Newsletter, simply follow the instructions located at the bottom of every Small Cap Network Newsletter Edition. Refer A Friend  If you find the Small Cap Network Newsletter informative and profitable, please forward our newsletter alert service to like-minded friends and associates who share similar market interests.   Ensure Newsletter Delivery  To ensure newsletter delivery, you can add any additional email addresses you may have to the Small Cap Network Member List. Receiving the Small Cap Network Newsletter in multiple locations is the best way of making sure you don't miss the next investing or trading opportunity! For web based email addresses, the Small Cap Network recommends @yahoo.com or @aol.com for timely and reliable email newsletter delivery. D I S C L A I M E R: The Small Cap Network, its website and email newsletter (hereafter, cumulatively referred to as "SCN") , is an independent electronic publication committed to providing its readers with factual information on select publicly traded companies. SCN is owned and operated by TGR Group, LLC ("TGR"). All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward maximizing the upside potential for investors while minimizing the downside risk, whenever possible. Moreover, as detailed below, TGR accepts compensation from third party consultants and/or companies, which it features in the publication and circulation of SCN. To the degrees enumerated herein, SCN should not be regarded as an independent publication.  Click Here or go to http://access.smallcapnetwork.com/compensation_disclosure/ to view our compensation on every company we have ever covered, or visit the following web address: http://access.smallcapnetwork.com/profile_disclosure/ for our full profiles and http://access.smallcapnetwork.com/alert_disclosure/ for Trading Alerts.  TGR Group, LLC has been paid a fee of $30,000 cash and 1,000,000 shares of newly issued restricted stock by Voyant International Corp. for coverage of the Company. TGR Group, LLC has been paid a fee of $30,000 cash and 1,000,000 shares of newly issued restricted stock by Applied DNA Sciences Inc. for coverage of the Company. On January 19th, 2007 TGR Group LLC entered into an agreement with Stock Group Media, Inc. (a wholly-owned subsidiary of Stock Group Information Systems, Inc.) whereby Stock Group Media, Inc. will provide $50,000 worth of advertising and marketing services to TGR Group, LLC in exchange for coverage of Stock Group Information Systems, Inc. on the Small Cap Network web site and newsletter. From time to time TGR sells shares received as compensation for coverage of client companies. Shares received are sold in the open market. Since the shares are received as compensation for services as previously disclosed, and not for investment purposes, TGR does not view the sale of the shares as contradictory to any opinions delivered in the content. This should be viewed as a conflict of interest by shareholders or prospective shareholders of the client companies.  TGR, its Members and Members' families, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed.  All statements and expressions are the sole opinions of TGR and are subject to change without notice. A profile, description, or other mention of a company within SCN is neither an offer nor solicitation to buy or sell any securities mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.  The profiles, critiques, and other editorial content of SCN may contain statements that appear foward relating to the expected capabilities of the companies mentioned herein.  THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT OF TGR.  We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm. Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.