If you were thinking that the week after Christmas is a slow news week, check out some of the recent news releases from small cap OTC stocks Cannabis Science (OTC: CBIS), Onyx Service and Solutions (OTC: ONYX) and On the Move Systems (OTC: OMVS). Specifically, Cannabis Science (CBIS) is predicting hat revenues will soon shoot to the stratosphere, Onyx Service and Solutions (ONYX) got mentioned in an article about solar power in Latin America and On the Move Systems (OMVS) will soon be delivering women and wine to an iPad near you. However, should investors or traders be paying attention to Cannabis Science (CBIS), Onyx Service and Solutions (ONYX) and On the Move Systems (OMVS) and their recent “news?” Here is a closer look at all three small cap OTC stocks to help you decide:

Cannabis Science (OTC: CBIS)

Cannabis Science is a development-stage company engaged in the research and development of medical marijuana. On Thursday, Cannabis Science issued a press release saying that sales for 2012 are forecasted to be $6,846,000 and have the potential to increase to $65,740,000 in 2014 while under the company’s FDA approval model, they are predicting average sales of $279,120,000. That was enough to cause Cannabis Science to surge 21.05% to $0.0115 (CBIS has a 52 week trading range of $0.01 to $0.14 a share) for a market cap of $2.78 million but I would tend to think that the type of investors attracted to a Cannabis stock are those who like to put their money where their politics are and not necessarily ones who look closely at financials. Either way, Cannabis Science could use some revenue as it has reported revenues of zero (most recent quarter), $62k, $11k and $4k for the past four quarters along with net losses (albeit decreasing) of $1,385k (most recent quarter), $1,767k, $2,790k and $3,532k. Cannabis Science has also reported having $6k in cash to cover $2,108k in accounts payable as of September 30 – not the greatest financial picture at the moment but even a skeptic like me has to admit that Cannabis probably has many useful uses and this stock could still go higher (no pun intended…)

Onyx Service and Solutions (OTC: ONYX)

Onyx Service and Solutions focuses on alternative energy solutions that include medium to large-scale solar construction projects, solar technology acquisition and development, new to market solar product development, worldwide solar product sales and financing expertise for alternative energy related projects. In a recent article entitled “Solar power use expands in South America” that was distributed by United Press International, Onyx Service and Solutions’ and its Honduran solar power project got top billing. It was also mentioned that Onyx Service and Solutions’ is developing multiple solar power projects in Honduras and Panama plus the company is developing solar power distribution in Colombia and Peru. On Thursday, Onyx Service and Solutions rose 21.62% to $1.35 (ONYX has a 52 week trading $1.00 to $4.00 a share) for a market $24.76 million. However, investors should note that Onyx Service and Solutions has reported revenues of $6 (May 31, 2011), $5k and $6k for the pass three reporting quarters and net losses of $8k (May 31, 2011), $30k and $44k. Onyx Service and Solutions also reported having $4k in cash to cover $31k in accounts payable as of May 31. Hence and unless Onyx Service and Solutions has more recent financials that I am not seeing, its hard to see why investors should be getting overly excited about the company.

On the Move Systems (OTC: OMVS)

On the Move Systems is focused on the development of “cutting-edge technology” across a broad spectrum of industries. On Thursday, On the Move Systems has just issued an attention grabbing press release entitled “OMVS To Deliver Women & Wine To An IPad Near You” after issuing another press release last week entitled “OMVS To Combine Bikinis And Mobile Entertainment.” Apparently, beautiful women, fine wines and lifestyle experiences will be a focus of On the Move Systems’ new mobile video programming while last week the company had announced that they will develop original programming for mobile platforms featuring the swimwear company Tikini’s “sizzling swimwear.” However, investors did not appear to be impressed as On the Move Systems rose just 1.25% to $0.0810 (OMVS has a 52 week trading range of $0.07 to $3.05 a share) for a market cap of $1.12 million. Moreover, On the Move Systems’ latest financial filing has a note that the company’s auditor has expressed a going concern opinion about the company which must raise capital (at least $425,000) to remain in business. Nevertheless and what On the Move Systems may lack on the financial side, it certainly makes up for it when it comes to creating creative press releases!

The Bottom Line. Investors might want to give small cap OTC stocks Cannabis Science (CBIS), Onyx Service and Solutions (ONYX) and On the Move Systems (OMVS) a pass but traders could always find some value in them.