Codes: At the end of each Update & Sneak, there are three codes. They have a rating from 1 to 10. Those numbers reflect my personal opinion. Please -- do not take action based on my opinion alone. Do four things before taking action: (1) Read my original writeup to get an overall feel (in the case of updates on recommendations); (2) Get the latest 10-Q, 10-K, corporate profile, & news releases; you can access them at www.wallstreetcorner.com on the Internet; (3) Study them; & (4) Call a key member of management to get a final impression. If anything bothers you regarding that call, pass. There are lots of situations. Do not invest unless everything about a situation feels good to you.

"R" stands for "Risk Rating." A "1" means I view the situation as having an extreme amount of risk. A "10" means very low risk -- a much sounder, more financially stable situation. You'll see hardly any with a "1" or "10" rating. I chose "10" to mean lower risk so the higher the number after each of the three codes, the more favorable the rating.

"M" stands for "Midterm Appreciation Potential." A "1" means I view the situation as having a small degree of midterm ("mid-term" is six to 12 months) potential. A "10" means really outstanding midterm potential.

"L" stands for "Long-term Appreciation Potential." A "1" means I view the situation as having a small degree of long-term ("long-term" is over one year) potential. A "10" means really outstanding long-term potential.

Action Products International, Inc. (NASDAQ/-APII -- CS 12/98) announced a letter of intent to attain exclusive U.S. distribution rights for the LogiblocsTM electronic building system by UK-based Logiblocs Ltd. LogiblocsTM includes battery-powered interactive building blocks that allow children to build their own automated inventions, such as an electric city or space vehicle. The kits are interchangeable & grow with the child.

APII's products met with a great reception at the International Toy Fair in New York. I consider this situation a sleeper. Call CEO Ronald Kaplan @ 352-687-2202 or IR director Rebecca Garrett @ 352-680-3516; fax 352-687-2858, or write 344 Cypress Rd., Ocala, FL 34472-3108. Email: becky@apii.com. www.apii.com [R-7; M-6; L-8]

Actrade International Ltd. (NASDAQ/ACRT -- CS Sneak 1/99) announced Q2 '99 financial results: sales nearly doubled to over $46 million with net income of $1.6 million or $0.19/share; 46% higher than the $0.13/share for the same period '98. Call Mitch Menik @ 212-563-1036; fax 212-563-3271, or write 7 Penn Plaza, Suite 422, New York, NY 10001. www.acrt.com [R-7; M-7; L-8]

Allied Devices Corporation (NASDAQ/ALDV -- CS 2/98) announced Q1 '99 revenues up 22% over last year. Call Paul Cervino @ 516-223-9100 x238; fax 516-223-9172, or write 2365 Milburn Ave., Baldwin, NY 11510. www.allieddevices.com [R-7; M-7; L-8]

AMBI Inc. (NASDAQ/AMBI -- CS 8/95) reported Q2 '99 revenues up 20% @ $7 million vs. $5.8 million last year. EPS up @ $0.08 vs. $0.00. Call IR @ 914-701-4545, or write 4 Manhattanville Rd., Purchase, NY 10577. www.ambiinc-.com [R-7; M-6; L-9]

American Bio Medica Corp. (NASDAQ/ABMC -- CS Sneak 12/98) announced sponsoring conferences to help schools develop & implement drug testing policies to deter substance abuse among student athletes. Also, the FDA approved ABMC's 9-panel Rapid Drug ScreenTM variation for sale to clinical markets. Worldwide distribution will be by

 

Abbott Laboratories (NYSE/ABT). Call CEO Stan Cipkowski @ 800-227-1243, fax 518-329-4256, or write 102 Simons Rd., Ancramdale, NY 12503 [R-6; M-7; L-8]

Dionics Inc. (OTC Bulletin Board/DION -- CS Sneak 5/98) reported its backlog of $902,000 hit its highest year-end level in many years, continuing a trend of steady improvements. Also, DION completed refinancing its real-estate mortgage loan, which avoids a $350,000 balloon payment due 3/99. An added bonus, the property reappraisal of $750,000 produces a positive $600,000 on the 1998 balance sheet, better than in many years. Call Pres. Bernard L. Kravitz @ 516-997-7474, fax 516-997-7479, or write 65 Rushmore St., Westbury, NY 11590 [R-6; M-7; L-8]

Galaxy Foods Company (NASDAQ/GALX -- CS 7/97) had record sales for 9 months ended 12/31/98, up 38% to $21,362,621 vs. $15,483,848 for same period '97. EPS $0.02 compared to nil last year, however, adjusting for the proposed 1-for-7 reverse split, EPS would be $0.13 compared $0.04. Call Rebecca Barksdale @ 407-855-5500 Ext. 105 or write 2441 Viscount Row, Orlando, FL 32809. [R-7; M-6; L-7]

Gentner Communication Corp. (NASDAQ/GTNR -- CS Sneak 2/97) is shipping its new DH30 digital telephone hybrid, specifically designed as an interface between a radio or TV station's telephone line & its audio equipment; ideal for call-in talk shows. Call Pres. Fran Flood @ 800-945-7730, fax 801-977-0087, or write 1825 Research Way, Salt Lake City, UT 84119. www.gentner.com [R-5; M-6; L-7]

Henley Healthcare, Inc. (NASDAQ/HENL -- CS 7/98) launched e-commerce service on its web site. Medical professionals will be able to buy HENL's full line of therapeutic medical devices online. Its LidokainTM pain relief patches are now available at www.ebay.com.

HENL's Cybex Norm isolated joint testing & rehab system was chosen as the isokinetic testing tool for the NFL Scouting Combine which provides NFL teams the opportunity to perform detailed & extensive evaluation of top college football players in one place. Call Marilyn Boone @ 281-276-7119, fax 281-276-7038, or write 120 Industrial Blvd, Sugar Land, TX 77478. E-mail: henley-@wt.net. www.henleyhealth.com [R-7; M-7; L-8]

IGT Pharma Inc. (Formerly IGT International Growth Technologies -- Vancouver/IGT.V -- CS 7/94) announced the FDA approved a Phase 1 human clinical trial using its new cancer drug, Anhydrovinblastine (AVLB). Testing will be at Roswell Park Cancer Institute, Buffalo, NY. Call Pres. Bruce Schmidt @ 800-743-7444 or write 311-2386 East Mall, University of British Columbia, Vancouver, B.C. Canada V6T 1Z3. [R-5; M-6; L-7]

Infinite Group, Inc. (NASDAQ/IMCI --CS Sneak 5/97) announced a 1-for-5 reverse stock split effective 2/16/99. For 20 days, the stock will trade under the symbol "IMCID." IMCI also announced agreement with Clearwater Fund IV, LLC to repurchase 2,493,277 shares of its common stock in exchange for 444,444 Series A Preferred Stock of Spectra Science Corp. for $246,638 cash. This completes divestiture of IMCI's holdings in Spectra. Call 401-738-5777, fax 401-738-6180, or write 2364 Post Rd, Warwick, RI 02886. [R-6; M-6; L-8]

Lions Gate Entertainment Corp. (AMEX/TSE/LGF -- CS 11/98) launched a new daily animated series "Mega Babies" with 26 half-hour episodes on the Fox Family Channel. It follows the out-of-this-world, fast-paced adventures of three extraordinary orphans who gain immense

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