WGAT.OB

[saffeysite1]

May have an earnings play tomorrow.  Earnings being posted tomorrow after close.

Could be a good earnings play.  I have owned this stock and it has gone up $1 in intraday.  Good swing trade.

[stock-kitty]

Although indicators are still pointing down I am wondering if a reversal is in the works.  Any opinions?


Cheers

ps : Hope I was able to post the chart, it's my first lol

[stock-kitty]

Would love to see it break 1.26 for a confirmation.

[stock-kitty]

Not bad 

[stock-kitty]

charts shows a double bottom on WGAT.   Extremely low volume but with any good news she should go imo.

[stock-kitty]

Looking good on the chart guys

[stock-kitty]

Kabooooooooooooooooooom on news

[setravis]

Press Release Source: WorldGate Communications, Inc.


WorldGate and Snap Telecommunications Partner to Expand Video Relay Service Business Using Ojo Video Phone
Wednesday June 20, 10:15 am ET 
Snap Places Purchase Order for First 10,000 Units; WorldGate to Receive Network Service Fees and Will Become Technology Support Partner to Snap


TREVOSE, Pa. & PEARL RIVER, N.Y.--(BUSINESS WIRE)--WorldGate Communications, Inc. (NASDAQ: WGAT - News), a leading provider of personal video phones and related technology, and Snap Telecommunications, Inc., a wholly owned subsidiary of Aequus Technologies Corp. and a provider of Video Relay Services (VRS) that enables deaf and hard-of-hearing customers to improve the connection with people in their personal and business lives, today announced that they have expanded their relationship to work to become the premier providers of technology and services to the over eight million people in the deaf and hard-of-hearing community.


WorldGate and Snap will work to identify the most desired Ojo features and capabilities that will provide the best video phone experience for the VRS user community and that will enable Ojo to be the preferred VRS video phone. WorldGate will provide development and engineering resources to accomplish these features and capabilities. As a result of Snap's utilization of the Ojo network, WorldGate will receive from Snap a usage network service fee. Snap has also placed a purchase order for 10,000 Ojos to begin to fill the current Snap order backlog.

During the last nine months, Ojo and Snap have worked together to enable Ojo to communicate with video phones using H.263 and G729 video and audio codecs and to be able to utilize the H.323 communications protocol. As a result of this successful joint effort, Ojo and Snap are extending their relationship under a new six-year agreement. This relationship provides for the use of the Ojo video phone, which offers high-quality, real-time, two-way video communications, to further expand the growing VRS market, to broaden the opportunities available to hearing impaired users in the workplace, and to expand Ojo's availability to the friends and families of individuals that are deaf and hard-of-hearing.

VRS is a form of Telecommunications Relay Service (TRS) that enables persons with hearing disabilities who use American Sign Language (ASL) to communicate with voice telephone users through video equipment, rather than through typed text. Video equipment links the hard-of-hearing VRS user with a TRS operator - called a "communications assistant" (CA) - so that the VRS user and the CA can see and communicate with each other using ASL in signed conversation. Because VRS enables the hard-of-hearing customer to communicate in ASL, their native language, VRS is becoming an enormously popular form of TRS.

"We are very excited about the prospects of significantly servicing the VRS market and we are convinced that using the Ojo video phone will allow us to make a meaningful difference to the deaf and hard-of-hearing community," said Richard Schatzberg, CEO of Aequus Technologies, Corp. Mr. Schatzberg continued, "We believe that this new partnership with WorldGate, which is the clear technology leader in video telephony, will result in the development of unique video phone capabilities for our VRS customers and in our technical and innovation leadership in this space. We already have a large backlog of orders for Ojo, and we are only just beginning our marketing and outreach efforts to the community that we proudly serve."

"Snap has been very visionary and aggressive in establishing a strong business platform to provide the best possible VRS service to the deaf and hard-of-hearing including the establishment of a best-in-class service orientation, strong and reputable management and, of course, the best video phone - Ojo," said Hal Krisbergh, Chairman and CEO of WorldGate. "We are excited to further our relationship with Snap. The potential of this natural market for the development of video telephony is a definite foundation block for establishing video telephony and in achieving success for Ojo and WorldGate."

About WorldGate Communications Inc.

WorldGate Communications, Inc. designs, manufactures, and distributes the Ojo line of personal video phones. Ojo video phones offer high quality, real-time, two-way video communications with video messaging. The Ojo video phones are designed to conform to industry standard protocols and utilize enhancements to the latest technology for voice and video compression to achieve superior quality at data rates as low as 80 Kbps. WorldGate has been awarded patents for its distinctive design and technology and has other patents pending. This unique combination of functional design, advanced technology and use of broadband networks provides real-time video communication experiences that bring families and friends closer together, and for the first time provides consumers with a high-quality, affordable video phone. WorldGate is traded on NASDAQ under the symbol WGAT. WorldGate and Ojo are trademarks of WorldGate Service Inc. Any other trademarks used in this document are the property of their respective owners.

This press release may contain forward-looking statements that are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions including, without limitation, expressions using the terminology "may," "plans," "expects," "anticipates," "forecasts," and expressions which otherwise reflect something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the factors described in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. No obligation is undertaken to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


Contact:
Press:
23-31 Communications
Jay Morakis, 646-442-3363
[email protected]
or
WorldGate Communications
Jim McLoughlin, 215-354-5455
[email protected]

--------------------------------------------------------------------------------
Source: WorldGate Communications, Inc.

[setravis]

A new 3 year low,but the patent news and Apple may be making videophone into a turnaround.
WGAT keeps popping, lousy fundamentals though.
It just may have put a bottom in...keep a watch.


52wk Range: 0.45 - 1.85
Volume: 1,192,962
Avg Vol (3m): 196,193

Technicals
Percentage Gainer

Last Price Quote is:
16.98%above 13-day MA
-3.52%below 50-day MA
RS Rating: 6 

Fundamentals
Key Data:
Market Cap (M): $21.68 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Buy

[LiveLife]

setravis,

I also agree that fundamentals are lousy.

Will look for 10 MA rebound confirmation as end of May rebound looks to have fizzled with the May PR that company is working to remain listed with Nasdaq.

With 22% gain, will look for profit taking and look for entry as RSI 2 drops below 30.

[LiveLife]

Wow, lost all of yesterday's gain!

Will monitor to see if next rebound is confirmed.

[LT500r]

WGAT has no fundamentals.Play this one only with money you can afford to lose in the blink of an eye.This one is a true sucker bet.

[LiveLife]

Well, there is no harm in just watching the stock to see what it will do.

Even with OCCX (formerly RHEO) dropped to nothing and everyone thought that it will never rebound, but it did. 

[setravis]

Keeps popping... Lousy Fundamentals though !




Technicals
Record Price Low

Last Price Quote is:
39.40%above 13-day MA
-9.75%below 50-day MA
RS Rating: 40 

Fundamentals
Earnings Expected on Mar 13

Key Data:
Market Cap (M): $4.15 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/13/2008
Last Analyst Rating: Buy

[setravis]

Update.......
Bounced off the 50-day MA