SPNG News:

August 13 - Spongetech Delivery Systems Inc. Rated 'Speculative Buy,' Target Price $0.19 by Beacon Equity Research

Spongetech Delivery Systems Inc. (OTCBB: SPNG) has been rated Speculative Buy with a price target of $0.19 by Beacon Analyst, Victor Sula, Ph.D.

The full report is available at http://www.beaconequity.com/adpages/SPNG

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In the report, the analyst writes, “SPNG expects to report fourth-quarter revenues approaching $3.9 million and enters FY 2009 with confirmed order backlog exceeding $27 million … We estimate revenues will reach $5.5 million in FY 2008 and $28.2 million in FY 2009. Going forward, we expect SPNG to maintain 30% average annual longer-term growth as it introduces new products through major U.S. retailers and rapidly penetrates key international markets.”

IBOT News:

August 11 - IBC Subsidiary Renewable Chemicals Corporation is Highlighted in Chemical and Plastics Industry Publication

Industrial Biotechnology Corporation (IBC) (Pink Sheets:IBOT): In a recent editorial titled Plastics and the Global Energy and Chemical Feedstock Crisis published at Omnexus.com, Dr. Duane B. Priddy Sr. writes, “Our future depends upon the development of sustainable sources of energy and chemical feedstocks that are based upon renewable resources… For example, Dow Chemical and Renewable Chemicals Corporation are making plans to manufacture polyethylene from sugar cane.”

Dr. Duane Priddy Sr. was a leading Scientist in Dow Plastics for over 30 years, and is now a globally recognized expert in Polymer Science and Engineering. Omnexus.com is an online Service Provider for the chemical industry and its clients' industries. To view the complete editorial, go to http://www.omnexus.com/resources/editorial.aspx.

MGRN News:

August 11 - Monogram Energy Inc. to Workover Three Wells

Monogram Energy Inc. (OTC: MGRN) announced that the workover of three wells on the T.W. Martin lease is scheduled to begin today. Upon completion, the Company expects to see a substantial increase in the production of these wells.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We're anxious to get this completed, as we are anticipating some very positive results."

Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

PURO News:

August 11 - Purio Inc. Provides Update on Mobile Water Treatment Demonstration and Initial Testing

Purio Inc. (OTCBB: PURO) Purio Inc. is pleased to announce that its drinking water clarification/purification demonstration taking place in the prairie province of Saskatchewan Canada has produced very satisfying in-house product water analysis and that product water samples from a series of test ports strategically positioned on the machine will be obtained during routine operation of the equipment and submitted to an accredited independent lab early in this week.

Leonard Girard, Chief Science Officer for Purio Inc. says, "Purio has operated the down-scaled model of our patented technology using a variety of water samples and that exercise has proven the unit's ability to produce fresh, clear, safe drinking water from contaminated and unsafe sources. Our next step is to prove the results in a recognized and accepted format which is only possible through an independent recognized lab."

"As a further demonstration of the unit's ability, around mid-week, we are preparing to move the unit to a new location at a shallow lake near a recreational resort village to show the transportability of the unit, and its ability to produce safe water from a variety of sources," Girard comments. "We will also be ordering and reporting on a complete battery of lab analysis on that operation as well."

Earl Switenky, spokesman for Purio Inc. says, "Because our technology clarifies water without the use of membranes, we have captured the attention of interested parties from around the world. Some have admitted their skepticism that they don't believe that our claims are possible. Through our operations and testing through this week, and the following accredited lab reports, we intend to make believers out of even the most discriminating observers. The economical processing methods we use may open doors of possibilities for thirsty communities and companies around the world who simply won't accept unsafe drinking water any longer."