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Speakers

Investing In Highly Leveraged Companies


Gene Neavin, Portfolio Manager - Federated Investors
Eric Green, Director of Research - Penn Capital
Finding Investment Opportunities in Canada
Paul Andreola, Director of research - SmallCap Discoveries,
Brandon Mackie, Analyst - SmallCap Discoveries
Philippe Belanger, Co-Founder - Espace MicroCaps
Social Datas Influence on Financial Markets
Chris Camillio, Private Investor with one of the best audited track
records in the past decade
Starting an Activist Campaign
Damien Park, President - Hedge Fund Solutions, Chairman of the
Board iPass

Financial Blogger Panel on Investing Strategy


David Waters, Founder OTC Adventures and Alluvial Capital
Nate Tobik, Founder CompleteBankData & Oddball Stocks
Jennifer Galperin, Partner - Bigger Capital
Chris DeMuth Jr, Founder - Rangeley Capital
Andrew Walker, Portfolio Manager - Rangeley Capital
Maj Souiedan, Co-Founder - GeoInvesting Micro-Cap Research


Safe Harbor Statement

This press release contains "forward-looking" statements. Such statements can be identified by, among
other things, the use of forward-looking language such as the words "may," "will," "expect," "anticipate,"
"estimate," "project," "would," "could" or words with similar meaning or the negatives of these terms or by
the discussion of strategy or intentions. The forward-looking statements in this release include statements
regarding our ability to achieve profitability and to penetrate the market opportunity that we believe
exists for our prognostic genetic test. Such forward-looking statements are subject to a number of risks
and uncertainties that could cause our actual results to differ materially from those discussed here, such
as our ability to obtain adequate coverage and reimbursement for our tests from third party payors, our
ability to obtain necessary regulatory clearances and approvals, the ability of our tests to keep pace with
rapid advances in technology, medicine and science, and our ability to execute our marketing strategy
and gain acceptance in the market, along with those other risks and uncertainties detailed in our SEC
filings, and involve assumptions, estimates, and uncertainties that reflect current internal projections,
expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such statements. All
forward looking statements contained in this press release are qualified in their entirety by these
cautionary statements and the risk factors described above. Furthermore, all such statements are made
as of the date this release and we assume no obligation to update or revise these statements unless

Perma-Fix Environmental Services Inc. (NASDAQ: PESI)


8302 Dunwoody Place
Suite 250
Atlanta, GA 30350
United States
T: 1-770-587-9898

Points of Interest

Perma-Fix Environmental Services, Inc. provides industrial and nuclear-waste management


services, and Consulting Engineering Services. The Company's services include treatment,
storage, processing, and disposal of hazardous and nonhazardous waste, industrial waste and
wastewater management services, and nuclear and low-level radioactive waste treatment.
- MRQ revenue increased 29.2% to $16.4 million compared to Q2 2014
- Gross profit increased 159.0%, guiding towards 2015 EBITDA of $6-$7MM
- Company Tc99 development project has crossed pivotal milestones and when Chalk River
Laboratories closes in 2016, 40% of world Tc99 supply goes with it

Market Data

Key Statistics

Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta

4.26
4.25
4.34
4.23
11.53
10.09
1.581

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014

Current

FY2015 Est

57.1
-23.3

63.8
16

66.4
16.4

5.0

9.7

-4.7
-0.24
-1.9

2.9
0.16
-

-2.6
-.01
.03


P/E
P/B
EV/Sales
EV/EBIT

FY2015
26.62
1.06
0.89
24.26

EV/EBITDA

8.47

Multiples

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
49.1
1.0
1.3
0.9
11.2

Enterprise Value

61.4

Capitalization

Perma-SFix
Napco
ecurity
Environmental
Technologies
Services
Inc. Inc.
(NASDAQ:
(NASDAQ:
NSSC)
PESI)

333 Bayview Avenue


Amityville, NY 11701
United States
T: 1-631-842-9400

Points of Interest

Napco Security Technologies, Inc. m anufactures and sells security products and software
worldwide. The company offers access control systems, door security products, intrusion and fire
alarm systems, and video surveillance products for use in commercial, residential, institutional,
industrial, and governmental applications.

-Guiding towards $100MM run rate revenue by 2017
-Begins to experience significant operating leverage when quarterly revenues reach $20MM
-Product shift towards higher margin recurring revenue business

Market Data

Key Statistics

Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta

5.60
5.37
5.60
5.37
18.97
11.93
0.13

P/E
P/B
P/FCF
P/CF

FY2015
21.54
2.28
34.14
27.70

EV/EBITDA

16.72

Multiples

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2014
74.4
4.2
31.9
4.7
0.18
4.0

FY2015
77.8
4.5
33.5
6.2
0.25
3.2

FY2015
106.2
2.3
0
0
10.7

Current
77.8
4.5
33.55
6.2
0.26
3.2








5

Pieris Pharmaceuticals (NASDAQ: PIRS )



Lise-Meitner-Strasse
3085354 Freising
Germany
T: 49-8161-14-11-400

Points of Interest

Pieris Pharmaceuticals, Inc. is a clinical-stage biotechnology company. The Company produces


differentiated drugs that help patients suffering from cancer, severe asthma, anemia, and other medical
conditions. Pieris Pharmaceuticals serves customers worldwide.

- An intriguing validation of the Anticalin technology is that Pieris currently has strategic partnerships and
collaborations with numerous biotech giants, including Sanofi, Daiichi-Sankyo, Allergan, Zydus and Stelis
Biopharma.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta


2.65
2.84
2.94
2.54
39.73
12.45
NA

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014
5
5
-4.7
-

Current
6
.16
6
-14
-

Multiples
P/E
P/B
P/FCF
P/Shares

FY2015
1.06
2.65

EV/Sales

178.73

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
105.3
0
0
0
0

Enterprise Value

95.3

FY2015 Est
0
0








6

Chanticleer Holdings Inc (NASDAQ: HOTR )



11220 Elm Lane Suite
203
Charlotte, NC 28277
United States
T: 1-704-366-5122

Points of Interest

Chanticleer Holdings Inc is an international franchisee of Hooters restaurants with rights to


develop and operate Hooters restaurants in South Africa, rights to develop in Hungary and parts
of Brazil, and has a JV with the current franchisee in Australia..

On October 1st announced the acquisition of Little Big B urger, 8 locations. This will add over $1 m illion
of annual EBITDA immediately, taking us to EBITDA positive in Q4 2015 and onward," said Mike
Pruitt, CEO.
-The Company operates 14 Hooters locations in the U.S., Europe, Australia, and South Africa, 30
"better burger" locations under three concepts, and 7 Just Fresh locations.
-Analysts at Wm. Smith & Co. are projecting second quarter revenue to grow to $10.3M, up from $6.9M
a year ago. Their 12 month price target is $5.50.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta

Key Statistics
1.40
1.40
1.42
1.34
22.01
19.51
1.45

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

Multiples
P/E
P/B
P/FCF
P/Shares

FY2015
1.06
1.40

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

EV/Sales

1.25

Enterprise Value

FY2013
8
19.82
-55.9
5
-

FY2014
30
261.85
-18.6
6
-

FY2015
30.8
3.3
0
4.8
9.0
41.2

FY2015
37
55.97
-17.5
9








7

Perma-Fix HEoldings
Mobivity
nvironmental
Corp. (NASDAQ:
Services Inc.
MFON)
(NASDAQ: PESI)

58 West Buffalo Street


No 200 Chandler, AZ
85225
United States
T: 1-866-622-4261
Points of Interest

Pieris Pharmaceuticals, Inc. is a clinical-stage biotechnology company. The Company produces


differentiated drugs that help patients suffering from cancer, severe asthma, anemia, and other medical
conditions. Pieris Pharmaceuticals serves customers worldwide.

--Its SmartReceipt is a patented cloud-based SaaS solution that allows retailers to dynamically transform
traditional retail transaction receipts into engaging "smart" receipts, informed by real-time consumer
purchase behavior.
-Initial focus is on the QSR space, where SmartReceipt is currently in thousands of locations in brands like
Subway, Sonic, Baskin Robbins, and Dairy Queen.
-Peter Lynch participated in recent PIPE offering

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta


0.55
0.51
0.55
0.51
27.86
17.44
-0.27

Key Statistics

Multiples
P/E
P/B
EV/Sales
P/CF

FY2015
2.43
7.28
3.02
-

P/Shares

0.55

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF
Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Enterprise Value

FY2014
4.1
0.3
72.6
NM
-1.25
-3.4

FY2015
4.0
-2.3
73.3
NM
-0.39
-6.7

FY2015
15.3
3.2
0
0
17.5

Current
4.0
0.6
73.1
NM
-0.34
-11.1








8

Innovative Food Holdings Inc. (NASDAQ: IVFH)



Lise-Meitner-Strasse
3085354 Freising
Germany
T: 49-8161-14-11-400

Points of Interest

Innovative Food Holdings Inc, through its subsidiary Food Innovations, is food distributor. The
Company specializes in specialty foods and provides fresh perishable products from vendors
around the world to restaurants and other clients.


- Strong market tailwinds, from 2011-2014, specialty food sales increased 46%
- Company adjusted EBITDA CAGR of 70% b etween 2011-2014
- Recent acquisition Fresh Diet is q uickly ramping up, but is responsible for the temporary drag on
earnings

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta


1.05
1.02
1.05
1.02
4.33
4.33
-.285

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013
22.5
21.0
29.5
-6.6
1/0

FY2014
30.8
36.8
26.3
-12.1
0.8

Current
42.5
77.5
26.0
-19.6
-3.2

Multiples
P/E
P/B
P/Shares
P/CF

FY2015
1.63
1.05
-

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
23.8
1.8
0
0
2.9

EV/Sales

0.59

Enterprise Value

24.9

Chromadex
Corp. (OTC: CDXC
) Inc. (NASDAQ: PESI)
Perma-Fix Environmental
Services

10005 Muirlands Blvd
Suite G
Irvine, CA 92618
United States
T: 1-949-419-0288

Points of Interest

ChromaDex Corporation discovers, acquires, develops, and commercializes proprietary-based ingredient


technologies. The Company provides science-based solutions to the dietary supplement, food and
beverage, animal health, cosmetic, and pharmaceutical industries.

-The Company has reported five consecutive quarters of record revenues ($6.2MM in Q2 2015) largely due
to increased sales in its ingredients business segment
-Its product NIAGEN is the first and only commercially available form of nicotinamide riboside, a
naturally occurring vitamin B3 metabolite found in milk. NIAGEN has been clinically shown to increase the
co-enzyme NAD+, arguably the most important cellular co-factor for improvement of mitochondrial
performance and energy.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta

Key Statistics


1.32
1.35
21.39

Total Revenue
Growth Over Prior Year
%
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

1.32
107.44
62.91
.89

FY2013 FY2014

Current

10.2
-12.5

15.3
50.7

58.2

30.8
-43.5
-.04
-4.0

34.8
-35.2
-0.05
-2.7

-1.4


P/B
P/FCF
P/Shares
EV/Sales

FY2015
1.06
2.65
178.73

EV/EBIT

Multiples

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
106.2
2.3
0
0
10.7

10

Tel-Instrument Electronics Corp. (AMEX: TIK )



728 Garden Street
Carlstadt, NJ 07072
United States
T: 1-201-933-1600

Points of Interest

Tel-Instrument Electronics Corp. designs and manufactures avionic test equipment. The
Company sells its products to the general aviation, commercial aviation, and
government/military aviation markets in the United States and overseas.

- MRQ revenue up 87%, EPS 0.09, EBITDA 0.16
-The company received full rate production release for TS-4530 SETS, which will drive
increased sales as technology is upgraded

Market Data
Last Price
Open Price
High Price
Low Price

Key Statistics

4.62
4.50
4.75
4.44
3.26
1.39
-.07

Diluted Shares Outstanding


Equity Float
Beta

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014

FY2015

Current

15.8
102.2

18.2
15.0

20.9
32.7

40.2

29.9

29.3

1.7
0.11
0.4

-0.3
10.02
0.4

2.8
0.10
0.3


P/E
P/B
P/FCF
P/CF

FY2015
45.19
3.83
45.01
42.96

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
15
0.2
0.0
0.0
1.3

EV/EBITDA

13.39

Enterprise Value

16.1

Multiples

Capitalization










11

Mikros System Corp (NASDAQ: MKRS )



333 Bayview Avenue
Amityville, NY 11701
United States
T: 1-631-842-9400

Points of Interest

Mikros Systems Corporation develops wireless data transmission techniques and equipment. The
Company's products are used on conventional AM radio stations for the purpose of transmitting digital
data without interference to the regular broadcast.

-2015 YTD revenue and net income have doubled since the same period last year
- The company recently purchased new software products providing it with the opportunity to service
commercial customers and additional Department of Defense customers outside the Navy.


Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta


.16
.16
.16
.16
32.02
24.76
0.13

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014

FY2015

Current

3
-37

6
81

8
97

53

52

46

-4.8
0
.1

9.7
.02
.1

8.8
0
.1

Multiples
P/E
P/B
P/FCF
P/CF

FY2015
40.48
65.09
55.99

EV/EBITDA

8.29

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
5.1
1.2
3
0
0

Enterprise Value

6.9

12

US Geothermal Inc (NASDAQ: HTM )



1505 Tyrell Lane
Boise, ID 83706
United States
T: 1-208-424-1027


Points of Interest

U.S. Geothermal Inc. develops renewable energy. The Company operates geothermal power
projects at Raft River, Idaho and San Emidio, Nevada.


-U.S. Geothermal Inc., is a leading and profitable renewable energy company focused on the
development, production and sale of electricity from geothermal energy.
-The Board of Directors of the Company has approved a stock repurchase program of up to $2.0
million
-Ended MRQ with $230.8 million in Total Assets, Cash and Cash Equivalents of $12.8 million, and
Restricted Cash of $22.0 million

Market Data
Last Price
Open Price
High Price
Low Price

Diluted Shares Outstanding


Equity Float
Beta

Key Statistics

0.67
0.67
0.68
0.66
107.59
105.41
-0.30

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014

Current

FY2015 Est

31.0
-

31.0
-

31.3
-

11.6
0.09
9.1

11.9
0.09
6.2

0.04
-


P/E
P/B
P/FCF
P/CF

FY2015
7.69
0.83
11.43
6.05

EV/EBITDA

12.88

Multiples

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
71.5
12.8
0.0
45.0
96.7

Enterprise Value

200.4

Capitalization

13

Huttig
Products Inc
(NASDAQ:
HBP ) PESI)
Perma-Building
Fix Environmental
Services
Inc. (NASDAQ:

555 Maryville
University Drive
Suite 400
St Louis, MO 63141
United States
T: 1-314-216-2600
Points of Interest

Huttig Building Products, Inc. distributes building materials used primarily in new residential
construction and in home improvement, remodeling, and repair work. The Company's products are
distributed through various distribution centers principally to building materials dealers. Huttig's
products include doors, windows, moldings, specialty building materials, and lumber.

-Leading distributor of building products such as doors, windows and trim



Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta


3.07
3.07
3.08
3.07
24.89
17.98
1.844

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013

FY2014

Current

562
7.8

624
11

642
9

19.8

19.7

19.7

.17
.6
.15

.23
.4
.23

.32
1.3
.32

Multiples
P/E
P/B
P/CF
EV/EBIT

FY2015
9.6
2.4
2.86
13.8

EV/EBITDA

11.36

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
76.4
2.5
0
0
0.0

Enterprise Value

152.2

14

Noble Romans Inc. (NASDAQ: NROM )



1 Virginia Avenue
Suite 300
Indianapolis, IN 462043669
United States
T: 1-317-634-3377
Points of Interest

Noble Roman's Inc. sells and services franchises for non-traditional and co-branded foodservice
operations under the trade name Noble Roman's Pizza. The Company's non-traditional locations include
venues such as universities, convenience stores, travel plazas, and military bases. Noble Roman's has
national co-branding relationships with both TCBY and Subway.

-During the MRQ, the company provided inventory to eight new grocery distribution centers. The company
now supplies 26 grocery store distribution centers, with +1200 stores
Management currently expects 2015 grocery store revenue to grow 70-90% compared to 2014


Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float
Beta


1.48
1.50
1.51
1.48
20.72
10.16
1.30783

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013

FY2014

Current

7.5
4

7.9
5

7.9
4

3.1

5.2

3.6

-.1
.09
1.7

20
.08
.6

20
.08
.6

Multiples
P/E

FY2015
15.98

P/B

1.84

P/FCF

48.91

P/CF

47.25

EV/EBITDA

9.3

Capitalization

FY2015

Market Capitalization

30.7

Cash & Equivalents

0.3

Preferred Equity

Minority Interest

Total Debt

2.6

Enterprise Value

33.0









15

Hamilton
Perma-
Fix TEhorne
nvironmental
Ltd (TSXV:
Services
HTL.V) Inc. (NASDAQ: PESI)

100 Cummings Center
Suite 465E
Beverly, MA 01915
United States
T: 978-921-2050

Points of Interest

Hamilton Thorne Ltd., together with its subsidiary, Hamilton Thorne, Inc., develops, manufactures,
and sells precision laser devices and advanced image analysis systems for living cell applications
in the fertility, stem cell, and developmental biology research markets.

- MRQ the Company had gains in net income (up 45%) and EBITDA (up 34%) attributable to strong
expense controls and accretive earnings from new product acquisition.
-Trailing twelve month net income exceeded $1.0 million for the first time in the Company's history
with earnings per share (basic and diluted) of $0.02.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float


0.25
0.23
0.27
0.23
27.86
17.44

P/E
P/B
P/Sales
EV/Revenues

FY2015
13.89
N/A
1.81
1.91

EV/EBITDA

12.88

Multiples

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013

FY2014

Current

4.1
0.3

4.0
-2.3

4.0
0.6

72.6

73.3

73.1

-1.25
-3.4

-0.39
-6.7

-0.34
-11.1

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
16.03
2.9
0
0
3.7

Market Capitalization

16.03

Capitalization

16

DataWind Inc. (TSXV: DW.TO )



10005 Muirlands Blvd
Suite G
Irvine, CA 92618
United States
T: 1-949-419-0288
Points of Interest

DataWind Inc. develops wireless Web access products and services in Canada, the United States,
the United Kingdom, and India. The company offers UbiSlate, a tablet device; and PocketSurfer, a
smartphone device


-The Companies mission is to supply connectivity to the +4B people currently not connected to the
internet
-The companys solution reduces the amount of data required to access a webpage, the company also
produces affordable devices
-Recently partnered with Telenor Communications, Its second major carrier in India

Market Data
Last Price
Open Price
High Price
Low Price

Diluted Shares Outstanding


Equity Float
Beta

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014

FY2015

Current

23
-

31
35

39
24

11

19

22

-4.5
-.30
-1.6

-11.6
-0.57
-26

-11.3
-0.51
-30

P/E
P/B
P/FCF
P/Shares

FY2015
1.06
2.65

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
105.3
0
0
0
0

EV/Sales

178.73

Enterprise Value

95.3

Multiples

2.65
2.84
2.94
2.54
39.73
12.45
NA

Capitalization

17

Validian
Perma-
Fix
CEorporation
nvironmental
(OTC:
Services
VLDI)
Inc. (NASDAQ: PESI)

6 Gurdwara Road
Suite 205
Ottawa, ON K2E 5A3

Points of Interest

Validian Corporation, a development stage company, provides software products for public and
private enterprises in Canada and internationally. The company offers Validian Protect, an
application security middleware for securing data transport between distributed applications and
Web services; and Validian ShareProtect that transforms a users desktop or mobile PC into a
secure communication facility for uploading sensitive, proprietary information to a shared
repository.
-The company recently completed development of ValidianProtect 3.1, which it plans on bringing to
market in 2015
-The company recently partnered with Solana Networks Inc. for the development, deployment and
support of Validian-enabled secure mobile and non-mobile solutions and applications for the
government, defense, business and consumer markets

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float





0.04
0.04
.08
.02
356
-

Trailing P/E
Price/Sales
Price/Book
EV/Rev

FY2015
3.07
0.88
1.77
0.97

EV/EBITDA

30.24

Multiples

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin
EPS, Adj
FCF

Capitalization
Share Price as of
Market Capitalization
Cash and Short Term
Total Debt
Enterprise Value

FY2014
NM
-

FY2015
NM
-

Current
NM
-

FY2015
13.91MM
0.88
1.77
0.97
21.87

18

Parkit EFnterprise
Perma-
ix Environmental
Inc. (TORONTO:
Services Inc.
PKT.V)
(NASDAQ: PESI)

Suite 1088 - 999
West Hastings Street
Vancouver, BC V6C
2W2

Points of Interest

Parkit Enterprise Inc. is a real estate investment firm specializing in acquisition and operation of
income-producing parking facilities. The firm seeks to invest in the United States. Parkit
Enterprise Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.


-A parking lot rollup company with a $500 million joint venture with Och-Ziff Real Estate
-Diversified earnings from assets across the U.S.
-The company profits through enhanced parking lot throughput via optimization, capital gains
through aggregated portfolio sales, and asset management fees and incentive payments
-Recession resistant industry with increasing demand and prices

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float

Trailing P/E
P/B
P/S
EV/Rev

FY2015
3.07
.81
.42
-

EV/EBITDA

Multiples

Key Statistics

042
.41
.42
.41
31.29
22.98

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014
8
21.1
30
-10
56.7
.1

FY2015
10
28
35
-19
77
.8

Capitalization
Market Capitalization
Cash and Short Term
Preferred
Debt
EV

FY2015
13.1
1.4
0
0
11.8

Current
8.3
-8
68
-

19

Perma-FSix
QUEST
OLUTION
Environmental
INC (QUES)
Services
Inc. (NASDAQ: PESI)
2580 Anthem Village
Drive
Henderson Nevada
89052
United States

Points of Interest

Quest Solution, Inc. is a national mobility systems integrator. It focuses on design, delivery, deployment
and support of integrated mobile solutions and wireless equipment. The company takes a consultative
approach by offering end to end solutions that include hardware, software, communications and full
lifecycle management services.

-One of the only one-stop fully integrated mobile solution providers


-95+% customer retention: Customers include Bridgestone, McKesson, Carls Jr., Oakley, Sherwin
Williams; 85%+ of largest 20 customers have been with Quest for 5+ years
-MRQ gross margins widened from 1.29% to 7.64% compared to the same quarter last year

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float

Total Revenue
Growth Over Prior Year %
Profit Margin
Net Margin
EPS, Adj
FCF

FY2014
37310
7333
302
-

FY2013
4
4
-1212
-

FY2012
1
1
-191
-


Trailing P/E
Price/Sales
Price/Book
EV/Rev

FY2015
-

EV/EBITDA

Multiples

Key Statistics

0.42
0.40
0.53
.026
-

Capitalization
Market Capitalization
Cash and Short Term
Preferred
Debt
EV

FY2015
-

20

Perma-RFealty
Social
ix Environmental
Inc (OTC: SCRI)
Services Inc. (NASDAQ: PESI)
456 Seaton Street
Los Angeles, CA 90013
United States - Map
Phone: 323-694-9800


Points of Interest

Social Reality, Inc., an Internet advertising company, provides tools to automate the digital
advertising market. The company builds technologies and leverages partner technologies that
service social m edia and the real time bidding markets.


-Value accretive acquisitions generate immediate and long-term growth (Steel Media, Social Spotlight
Media, and Five Delta)
-Revenue for the quarter ended June 30, 2015 was $10,761,573, an increase of 3,786% over Q2 2014,
and a 168% increase over the first quarter of 2015
-FY 2015 revenue guidance of $30M
-Secured $25 m illion in financing: $20 million credit from Victory Park Capital
and $5 million from Siskey Capital, LLC and other existing investors for new equity






Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float


1.99
1.95
2.28
.77
27
-

Key Statistics
Total Revenue
Growth Over Prior Year %
Profit Margin
Net Margin
EPS, Adj
FCF

FY2014

FY2013

FY2012

5120
-

3143
-

1119
-

2138

3413

1119

NM
-

NM
-

NM
-

Multiples
Forward P/E
Price/Sales
Price/Book
EV/Rev

FY2015
32.33
2.84
11.85
3.24

EV/EBITDA

-31.93

Capitalization

Market Capitalization
Cash and Short Term
Preferred
Debt
EV

FY2015
70.33
61.70

21

Perma-Inc
Inuvo
Fix (NYSE:
Environmental
INUV) Services Inc. (NASDAQ: PESI)
1920 Hutton Ct Ste 300
Farmers Branch, TX
75234
United States

Points of Interest

Inuvo, Inc., together with its subsidiaries, operates as an Internet marketing and technology
company that delivers advertisements through various networks of Websites and applications
reaching desktop and mobile devices in the United States.


-53% Increase in Revenues for 2015 Second Quarter, long term goal of achieving a 100 million dollar
revenue run rate by 2017
-Strong market tailwinds, BI Intelligence expects spending on native ads will reach $7.9 billion this
year and grow to $21 billion in 2018.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float

02.95
2.81
2.85
2.8
8.55
6.63

Trailing P/E
Price/B
P/CF
EV/Sales

FY2015
16.53
7.39
12.23
1.12

EV/EBITDA

17.18

Multiples

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin
EPS, Adj
FCF

Capitalization
Market Capitalization
Cash
Preferred
Total Debt
EV

FY2013
55
3

FY2014
49.6
-9.8

Current
64.1
25

26
.5
0
1.1

29
2.1
.10
3.1

33
1.7
.08
4.5

FY2015
68.2
3.8
0
1.5
65.9
22

ROI Land
Perma-
Fix IEnvestments
nvironmental
Ltd.
Services
(OTC: IR
nc.
OII)
(NASDAQ:

PESI)

Suite 315
Quebec City, QC G2J
0B9
Canada

Points of Interest

ROI Land Investments Ltd., a diversified real estate investment company, engages in the land
development activities in Canada. It acquires lands that are free of zoning restrictions; obtains
necessary permits; outsources the development of the infrastructure; and sells subdivided land
units to residential and commercial building developers.

-In July the company signed an agreement to purchase three prime plots of land in Sobha Hartland, a
$4 billion mixed-use project located in the heart of Dubai. The plots will be used to develop 300
apartments in three eight-story buildings.
-In June the company m ade its first U.S. investment, completing the initial acquisition of 220 acres in
Evans, Colo., pursuant to its previously announced Land Purchase Agreement on January 12, 2015.
ROI intends to develop residential housing on the property, which it acquired for $6.7 million.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float


2
1.94
3.10
.95
43
17.44

P/E
P/B
P/Sales
EV/Revenues

FY2015
21.28
818
866.66

EV/EBITDA

Multiples

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2014

FY2014

FY2012

NM
-1.25
-3.4

-19
-0.39
-6.7

-14
-0.34
-11.1

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
84.12
0
0
0
0

Market Capitalization

97.97

Capitalization










23

Perma-Fix Environmental
IntelliPharmaCeutics
International
Services IInc.
nc. ((NASDAQ:
TORONTO:
PESI)
I.TO)
30 Worcester Road
Toronto, ON M9W 5X2
Canada

Points of Interest

Intellipharmaceutics International Inc., a pharmaceutical company, engages in the research,


development, and manufacture of novel and generic controlled and targeted release oral solid
dosage drugs in Canada. The company develops various drug delivery systems and a pipeline of
products based on its patented Hypermatrix technology in various stages of development in
therapeutic areas, such as neurology, cardiovascular, gastrointestinal tract, diabetes, and pain.
-FDA Grants Fast Track Designation for Intellipharmaceutics Rexista(TM) Oxycodone XR
Incorporating PODRAS(TM) Technology
-The company continues to show improved cash management, cutting losses b y more than half vs.
prior years quarter.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float


1.92
1.90
1.92
1.90
24.07
18

P/E
P/B
P/Sales
EV/Revenues

FY2015
13.89
N/A
1.81
1.91

EV/EBITDA

12.88

Multiples

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013

FY2014

Current

1.5
1327

8.8
474

5
-34.7

-11.5
-0.43
-22.9

-3.9
-0.17
60.5

-5.3
-0,22
29

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
46
3
0
0
0

EV

43

Capitalization










24

SMTC CForporation
Perma-
ix Environmental
(NASDAQ:
Services
SMTX)
Inc. (NASDAQ: PESI)

635 Hood Road
Markham, ON L3R 4N6
Canada

Points of Interest

SMTC Corporation provides advanced electronics manufacturing services worldwide. It provides


end-to-end electronics manufacturing services, including product design and engineering services,
printed circuit board assembly, production, enclosure and precision metal fabrication, systems
integration and testing, configuration to order, build to order, and direct order fulfillment
services.

-Top line growth target range 5% to 8%
-EBITDA m argin target range 4% to 5%
-2015 sales will b e in line with 2014, but progress is m asked by the two largest customers reducing
their purchases from 43% to 15% of sales. The company continues to make new client wins.

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float


1.56
1.57
1.61
1.56
16.41
11.65

P/E
P/B
P/Sales
EV/Revenues

FY2015
13.89
N/A
1.81
1.91

EV/EBITDA

12.88

Multiples

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013

FY2014

Current

270
-8.6

228
-15.6

219
-14

5.6

-4.6
/3

-1.7
3

-1.1
4.1

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
16.03
2.9
0
0
3.7

Market Capitalization

16.03

Capitalization










25

Renoworks
Perma-
Fix Environmental
Software Inc. S(ervices
TSXV: IRnc.
W.V)
(NASDAQ: PESI)

2816 21 Street NE
Bay 7
Calgary, AB T2E 6Z2
Canada

RenoWorks Software Inc. develops and distributes digital visualization software for the
renovation and new home construction sectors in Canada and the United States. It offers
Renoworks Openings, a specialized virtual home solution, which helps to showcase windows, as
well as entry, interior, garage, and patio doors;

Points of Interest

Market leader in their industry, digital visualization


One of only two pure-plays in the rapidly growing space
50+% insider ownership

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float

Key Statistics

0.25
0.23
0.27
0.23
27.86
17.44

Total Revenue
Growth Over Prior Year %
Growth Profit Margin
Net Margin
EPS, Adj
FCF

FY2013

FY2014

Current

2
34

2
2.2

2.1
5

1.5

1.7

1.6

.3
.1

.3
.2

.2
0


EV/SALES
EV/EBTDA
EV/CF
EV/Revenues

FY2015
3.55
45.63
48
-

EV/FCF

49

Multiples

Market Capitalization
Cash & Equivalents
Preferred Equity
Minority Interest
Total Debt

FY2015
7.3
.2
0
0
.3

EV

7.5

Capitalization









26

Perma-CForporation
JetPay
ix Environmental
(NASDAQ:
Services
JTPY)
Inc. (NASDAQ: PESI)
1175 Lancaster Avenue
Suite 200
Berwyn, PA 19132
United States
Points of Interest

JetPay Corporation provides debit and credit card processing, payroll, and card services to
businesses and their employees in the United States. The company operates through two
segments, JetPay Payment Processing and JetPay Payroll.
- June 1st : Rezzcard and JetPay Collaborate to Offer the First Electronic Payment Card Allowing
Tenants of Affordable Housing to Pay Rent and Bills

Market Data
Last Price
Open Price
High Price
Shares Diluted
Diluted Shares Outstanding
Equity Float
Bet

Total Revenue
Growth Over Prior Year %
Growth Profit Margin
Net Margin
EPS, Adj
FCF

FY2013

FY2014

Current

12

33.4
13

43.2
15

13.5

15.4

17.2

1.1
.8

-6.6
-4.15
-4.9

1.2
0.7


P/CF
P/FCF
EV/Sales
EV/Revenues

FY2015
34.46
70.18
2.84
-

EV/EBITDA

59.38

Multiples

Key Statistics

2.9
2.74
2.96
13.9
18.89
5.17

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Total Debt
EV

FY2015
40.4MM
5.2
58.5
17.1
110.8









27

Ironclad
Performance
Wear
Corporation
(OTC: ICPW)
Perma-Fix
Environmental
Services
Inc. (NASDAQ:
PESI)

1920 Hutton Ct Ste 300
Farmers Branch, TX 75234
United States
Phone: 1-972-9965
http://www.ironclad.com

Points of Interest

Ironclad designs and manufactures branded performance work wear for a range of construction,
do-it-yourself, industrial, sporting goods and general services markets. The Company
manufactures its performance gloves and apparel using functional materials, including DuPont
Kevlar, Nomex and Teflon, Clarino Synthetic Leather, CT-5 Cut Resistant Fabric and Duraclad.


-- Guiding towards 10-15% sales growth this year
-Launched its first retail line, EXO, to be rolled out at major retailers
-New management brings decades of industry expertise, working with major retailers
-Partnered with Vibram to Debut New Industrial Glove Innovation at the National Safety Conference

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float

Key Statistics

0.26
0.26
1.05
0.5
19.35
0.27

Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

FY2013
24.5
-6.3
1.7
2.3
.01
-1.1

FY2014
24.3
-1
1.0
3.8
.01
-1.1


Trailing P/E
Price/B
EV/Sales
EV/Rev

FY2015
28.48
1.70
0.97
-

EV/EBITDA

3-.24

Multiples

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Total Debt
EV

FY2015
20MM
.3
0
3.3
23.4

Current
24.1
-1.9
3.2
6.0
.01
-4.5







28

Air
Industries
Group (NYSE:
AIRI)Inc. (NASDAQ: PESI)
Perma-
Fix Environmental
Services

360 Motor Parkway
Suite 100
Hauppauge, NY 11788
United States

Points of Interest

Air Industries Group, an aerospace and defense company, designs and manufactures structural
parts and assemblies that focus on flight safety. The company operates through Complex
Machining, Aero structures and Electronics, and Turbine Engine Components segments. It offers
landing gear, arresting gear, engine mounts, flight controls, throttle quadrants, jet engines, and
other components

-Sept 14, 2015: Air Industries Group Announces Acquisition of Machinery and Inventory to Produce
Landing Gear for the Sikorsky Blackhawk UH-60 and Boeing Chinook CH-47 Helicopters

Market Data
Last Price
Open Price
High Price
Low Price
Diluted Shares Outstanding
Equity Float

Trailing P/E
Price/B
EV/Sales
EV/Rev

FY2015
2.29
1.46
-

EV/EBITDA

20.04

Multiples


9.03
8.69
9.03
8.69
7.56
6.71

Key Statistics
Total Revenue
Growth Over Prior Year %
Growth Profit Margin %
Net Margin %
EPS, Adj
FCF

Capitalization
Market Capitalization
Cash & Equivalents
Preferred Equity
Total Debt
EV

FY2013
62
15.2
6
.63
8.6

FY2014
64
2.4
14
1.4
.14
-3.4

FY2015
68.3MM
1.2
0
0
104.5

FY2015 Est
885
42.6
15
.19
-3.4







29

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