Dow Jones 12828.68 -199.48 5:08 am PDT, May 21, 2008 NASDAQ 2492.26 +0.00 For info, visit access.smallcapnetwork.com S & P 500 1413.40 +0.00 Change your subscription status here Russell 2000 735.64 +0.00 VOLUME 08 : ISSUE 48 Voyant Finds Green in FCC's 'White Space', Time to Invest Company Name: Voyant International Corp. Stock Symbol: VOYT Coverage Initiated: May 8th, 2008 Current Price: $0.12 52 Week Range: $0.05 - $0.90 Suggested Target: $0.36 Suggested Stop: $0.05  You can now officially say you were there when a company made its first revenue leap. Remember earlier in the month when we said 'Voyant's on the verge'? Well, Voyant International (OTCBB: VOYT) just inked a $2 million deal - the company's first significant revenue, though certainly not the last. In the blink of an eye, this company has become 'real'. More importantly, we think this catalytic event could be trade-worthy. We've got all of our suggested targets and stops below.  In the meantime...    The Big News The news is actually pretty simple. The company's been awarded a $2 million contract to make 'white space' radio receivers to be used as a power and facility management tool.  Don't worry - I didn't know what 'white space' was supposed to mean either (at least not in this context). After I learned what it was though, frankly, I think the opportunity for growth in this new arena is even more exciting than the $2 million deal ...particularly now that Voyant has proven they can compete in it. 'White space' is the analog television channel spectrum. In other words, it's the frequencies used by UHF TV channels 1 through 69. If you're under the age of 30 that may mean nothing to you, since you might not realize television programs were formerly piped into your house through an antenna rather than a cable box. Each television station obviously used a unique frequency, which today are known as 'white space' frequencies. Though rarely used (or needed) anymore, the FCC has maintained that those ultra-high-frequency (or UHF) channels are still reserved for television broadcasting only ....until now. With the impending move towards all-digital broadcasting, those UHF channels are to be opened up by the FCC for wireless broadband communications - or WiFi 2.0. On the surface it may seem trivial, but I can't stress enough the kind of leap this is for communications, and Voyant in particular. Considering Google, Microsoft, Dell, and others have tinkered with UHF spectrum devices but have yet to actually bring a product to the market, the fact that Voyant has a marketable product tells me they've got a handle on where the technology needs to go. And that's the real key to the opportunity - the technology of the wireless devices. It's not like a clock radio or television set. These things have to be 'smart' devices to utilize the white space spectrum. Voyant is obviously poised to enter the arena. Today it's radio receivers, but tomorrow, who knows what kind of device they'll bring to the table?  In fact, these white space channels are also the frequencies they'd be using for aviation broadband - one of the ideas we mentioned with our first look at the company. With $2 million worth of radio receivers on the way as the first salvo, I have to think this in-flight internet service shouldn't be too far behind. The sky's the limit though. Digital radio, broadband internet, wireless telecom, and even television broadcasting (ironically) are all possibilities within the white space spectrum; the surface has just been scratched. Most importantly, Voyant was the company to make the scratch. I foresee more announcements like this one in the coming months now that the company is turning their ingenuity into revenue.   Off the Sidelines, Into the Game From an investor's point of view, what can I say? I believe this is the kind of watershed event that makes small cap investing so great. In fact, as you read a moment ago, we think this is more than enough of a reason to go ahead and become a shareholder.  First of all, take a look at the nearby chart. The last couple of months have been very different than the time before them. Not only have VOYT shares made significant gains since April's lows, we've also seen the buying volume ramp up. I think it's a hint that investors want to push this stock higher...all they need is a reason. Today may well be that reason. On the flipside, to me, the stock looks like a tremendous value compared to where it was when Voyant was a pre-revenue company just a few months ago - or even mere days ago. And yes, it does indeed look like the rest of the market got out of the stock at the exact wrong time. Here's your chance to capitalize on someone else's impatience. We suggest a target level of 36 cents, for starters. That level seemed to be a significant area last fall, and it also represents a key 38.2% retracement of last July's peak. It would mean about a 200% gain from current trading levels. Now, I don't necessarily expect to see Voyant's stock trading at 36 cents later this week. If they can get a couple of other deals under their belt this summer and fall though, I wouldn't be surprised to see it happen by then.  As for a stop, let's give VOYT some breathing room; I suggest using 5 cents as a line in the sand. There's a good possibility this news could cause the stock to open much higher. I don't know that it will, or by how much. If it does though, you may want to find a reasonable balance between being overly-generous and pinching pennies. I don't want to give a number without seeing how the stock opens first. So, check the blog shortly after the market opens - I'll post some specifics then if needed.  What I'm really excited about though is the long-term potential I see in VOYT. A handful of announcements like this over the next few months could have an enormous impact on the stock's trading level. This one could be a lot of fun real soon. Here's the full press release.   Voyant Receives $2 Million Order for White Space Radios  New Product Line to Serve Large, Innovative Wireless Data Applications  Mountain View, Calif., May 20, 2008 - Voyant International Corporation (OTC-BB: VOYT), a diversified digital media and technology holding company, announced that it has entered the high-growth wireless communications market and has received a $2 million contract for the development and production of the first 3,000 White Space Radios (WSRs). This WSR program is part of Voyant's ongoing strategy to combine existing and new technologies with the company's substantial portfolio of intellectual property and domain knowledge in order to address large, emerging applications in the wireless sector.  The Voyant WSR is a novel, advanced broadband radio that will utilize the so-called spectral white space soon being made available by the FCC. The white space spectrum represents over 200 MHz of valuable bandwidth in the VHF/UHF band. These frequencies support high-capacity, long-range and reliable wireless communications, making them particularly useful for innovative new services, including so-called WiFi 2.0 applications.  The flexible design of Voyant's WSR will allow it to be easily configured to support a broad range of other customers and applications. The software-defined WSR can be reprogrammed over-the-air, allowing it to be remotely upgraded or reconfigured, and will be capable of operation from 174 MHz to 1 GHz. Consequently, it can be used by auction winners of the lower and upper 700 MHz bands, as well as in the 900 MHz unlicensed bands. In addition, Voyant may use the WSR in its own aviation broadband service, which intends to bring true broadband service to commercial airline passengers.  Under the terms of this initial contract, Voyant will design and deliver 3,000 WSRs over several years. Voyant's launch customer will use these radios for a variety of applications, including "green," energy-efficient, utility and power management.  "The white space spectrum represents a new frontier for innovation in wireless communications, and this program establishes Voyant as a pioneer and leader in the WSR field," explained Ed Gerhardt, Voyant's general manager of wireless systems. "Our technological skill set, intellectual property and experience in wireless systems make Voyant particularly well-suited to undertake this challenging and exciting project and open the door to a host of exciting new applications and markets."  About Voyant  Voyant is a media and technology holding company focused on bringing innovative technologies, media assets, and strategic partnerships together to deliver next-generation commercial and consumer solutions to empower, enhance, and enrich our digital world. The company works with strategic partners in the technology and entertainment sectors to locate, partner with, and acquire complementary technologies and media assets that position the company in the value chain from content creation to direct distribution to the consumer. More information can be found at www.voyant.net. To receive public information, including press releases, conference calls, SEC filings, profiles, investor kits, news alerts and other pertinent information, please register at www.voyant.net/investorpass.  Safe Harbor  This news release contains forward-looking statements, including but not limited to, those that refer to the company's future development plans or operating results. Actual results could differ materially from those anticipated due to risk factors that include, but are not limited to, lack of timely development of products and services; lack of market acceptance of products, services and technologies; adverse government regulations; competition; breach of contract; inability to secure sufficient capital for continued operations; inability to earn revenue or profits; dependence on and retention of key individuals; inability to obtain or protect intellectual property rights; lower sales and higher operating costs than expected; technological obsolescence of the company's products; limited operating history and risks inherent in the company's markets and business and other factors discussed on our website on the "Investors" page, in our most recent Annual Report on Form 10-KSB and our Quarterly Reports on Form 10-QSB filed with the SEC. Investors are advised to read our Annual Report, quarterly reports and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements in this press release represent our current views as of the dates of individual pages and we disclaim any obligation to update these forward-looking statements.  ###  Voyant Media and Investor Contacts:  Sean Collins  CCG Investor Relations  310-477-9800, ext. 202  Sean.Collins@ccgir.com  Howard Gostfrand  American Capital Ventures  305-918-7000  info@amcapventures.com   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 Subscribe Information is power and timely information is profitable. 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