FEATURED COMPANY

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)

Detailed Quote: www.otcpicks.com/quotes/MGRN.php

Company Profile:
www.otcpicks.com/monogram-energy/monogram-energy.htm

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.

MGRN News:

August 7 - Monogram Energy, Inc. Negotiates New Lease

Monogram Energy, Inc. (OTC: MGRN) announced that it has entered into negotiations for an additional oil lease located in Navarro County, Texas. Monogram is partnering with another company on this venture, as they have a workover rig which will allow Monogram immediate access to the wells located on the lease.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We want to stay aggressive with our acquisition program, as we feel this gives us the best opportunity for long term success."

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.

FEATURED COMPANY

MARINE EXPLORATION INCORPORATED (OTC: MEXP)

Detailed Quote: www.otcpicks.com/quotes/MEXP.php

Company Profile:
www.otcpicks.com/marine-exploration/marine-exploration-2.htm

Marine Exploration, Inc., a development stage company, engages in marine treasure hunting expeditions. It involves in the exploration and recovery of deep-ocean shipwrecks, including the marketing, sale, and distribution of recovered artifacts, replicas, merchandise, and books through various retail and wholesale sales channels. The company was incorporated in 1996 as Jenkon International, Inc. and changed its name to Multimedia K.I.D., Inc. in 1999. Later, it changed its name to SYCO, Inc. in 2006; and to Marine Exploration, Inc. in 2007. The company is based in Denver, Colorado.

MEXP News:

August 5 - Marine Exploration Inc. Acquires Ship

Marine Exploration, Inc. (OTC: MEXP) announced that it has executed a bill of sale acquiring the Ocean Lady, a 128 foot, 252 ton research vessel. The Ocean Lady, outfitted to the specifications of Burt Webber of Hispaniola Ventures, Marine's joint venture partner, is docked at Jones Boatyard Miami.

FEATURED COMPANY

PURIO INCORPORATED (OTCBB: PURO)

Detailed Quote: http://www.otcpicks.com/quotes/PURO.php

Company Profile: http://www.otcpicks.com/purio/purio.htm

Purio Inc. owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell and/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America. Purio is based in Blaine, Washington.

PURO News:

July 31 - Purio Inc. Completes Move of Compact Mobile Water Treatment System to Its First Demonstration Location

Purio Inc. (OTCBB: PURO) announced that it has completed the move of its compact mobile water treatment system to its first demonstration location.

"Our preliminary mechanical testing of the new unit was completed to our total satisfaction with all systems functioning superbly," says Earl Switenky, spokesmen for Purio.

"As planned, our first demonstration is designed to produce drinking water. The unit will be drawing water from a stagnant and polluted pond formerly used to water livestock," says Leonard Girard chief science officer for Purio. "This water certainly is unsuitable for human consumption as is, and this demonstration is designed to prove our unit's ability to produce safe drinking water from such sources economically."

Purio will be submitting water samples to recognized testing laboratories and reporting the results.

In the coming weeks the unit will be moved to a municipal location that will provide an ideal demonstration of the unit's capability to clarify and sanitize residential waste water for recycling purposes.

FEATURED COMPANY

COPPER KING MINING CORPORATION (OTC: CPRK)

Detailed Quote: www.otcpicks.com/quotes/CPRK.php

Company Profile:
www.otcpicks.com/copper-king-mining/copper-king-mining.htm

Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.

CPRK News:

August 5 - Copper King Mining Corporation Provides Project Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing and exploration company located in southern Utah, provided the following updates and a correction to a prior press release, concerning its mining and processing operations near Milford, Utah.

In response to several inquiries concerning a press release issued on March 24, 2008 by the company’s former investor relations firm without the company’s participation, Copper King’s management believes a correction to this press release is appropriate at this time.

Two power lines supply the power supply to the Copper King mill. One is approximately 3 ½ miles long and originates directly from the substation that will supply the mill concentrator with power. This supply line was rebuilt and upgraded by a local power utility, requiring new poles and other equipment. This utility upgrade now provides a connection point from which the company’s power line is now hooked south of the Ely Milford Highway. The company was assessed a substantial portion of the costs as its share of this improvement.

The company’s prior investor relations firm inadvertently confused pictures of this utility upgrade for the actual power line to the mill’s concentrator and issued a press release that included incorrect information about these two electrical connections.

In reality, nearly seven miles of new 46KV line has recently been built from the utility connection point to the company’s mill concentrator by the company’s contractor, Probst Electric of Heber, Utah, which construction should be completed this week. The company avers that the work performed by Probst Electric is unparalleled in light of cost, construction time and the quality work product. The company will issue more construction updates in the following weeks.

FEATURED COMPANY

U.S. MINE MAKERS INCORPORATED (OTC: USMM)

Detailed Quote: http://www.otcpicks.com/quotes/USMM.php

Company Profile:
http://www.otcpicks.com/us-mine-makers/us-mine-makers-2.htm

U.S. Mine Makers, Inc. is a US-based company engaged in "eco friendly" mining and processing of precious metals in Idaho, Nevada and Canada. The Company processes ore concentrate and hard rock ore to recover residual gold, platinum, rhodium and other precious metals from waste rocks of old abandoned mines. The Company`s goal is to process ore in a safe and economical manner, with little or no environmental impact.

USMM News:

August 4 - U.S. Mine Makers Goes 'Green' With Their Gold Recovery Process

U.S. Mine Makers, Inc. (OTC: USMM) prides itself as “eco-friendly,” and this company model is evident in the gold and platinum recovery process they have developed and are implementing in their new pilot plant. The company's new pilot plant and their future full-scale production plant are being designed to be much more environmentally friendly than gold processing plants that have traditionally used highly toxic forms of Cyanide to leach the gold from the ore. USMM has developed and tested a process that uses Sodium Bromide in place of Sodium Cyanide resulting in much more “eco-friendly” waste byproducts in their recovery process.

For years, mining and ore processing companies have been recovering gold and other precious metals using a Sodium Cyanide leaching process. The vast majority of gold mining companies have used this environmentally damaging process. Milling and heap leaching require cycling of millions of liters of alkaline water containing high concentrations of potentially toxic NaCN, free cyanide, and metal cyanide complexes that are frequently accessible and hazardous to wildlife. Some countries such as Argentina are starting to outlaw the use of Cyanide in gold and precious metal processing and the environmental impact is being investigated by other countries and environmental agencies as well.

The leach process that USMM is using utilizes Sodium Bromide (NaBR). Sodium Bromide and other waste byproducts in USMM's recovery process present a very low environmental hazard, and USMM's research has proven Sodium Bromide to be an effective and efficient catalyst in their metal leaching process.

U.S. Mine Makers CEO Ronald Bell stated, “Since our company's inception we have been committed to the use of environmentally friendly business practices and processes. For years we have been involved in the remediation and restoration of toxic mine sites, and now we are extending our 'eco-friendly' and 'Green' philosophy to our gold and platinum metals recovery process. We are committed to creating value for our shareholder in everything we do, but we also want to create that value in a sustainable and 'eco-friendly' way.”

STOCKS TO WATCH

MED GEN INCORPORATED (OTCBB: MDIN)
"Up 100.00% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/MDIN.php

Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system, Spray’s the Way (“STW”). It is best known for producing the world’s first patented liquid spray snoring relief formula, Snorenz®. Since its existence, Med Gen has continued to develop its STW technology, introducing Good Nights Sleep®, the UnDiet® system and GOOD NIGHTS SLEEP® Sleep Strips into its family of brands. FabULust™, the company’s newest product, a female sexual stimulant, has been launched in test markets throughout the country. While STW technology is mainly used, the company also produces other products that deal with common health issues using other delivery systems. The company markets its products to distributors, direct sales via the company web site and direct to consumer television, radio and print advertising. The company also distributes its brands internationally under various private labels or existing names. The Company also offers specialty financial and investment services through its Financial Services division, to small emerging public companies.

MDIN News:

August 7 - China Emerging as a Major Customer for Med Gen Products

Med Gen Inc. (OTCBB: MDIN) (“MDIN”), manufacturers of nationally branded OTC healthier life products and specialty financial services, reports that the documentation approving the shipment of Snorenz® has been completed. Snorenz® will be shipped under an agreement with its distributor, Sonergy®, under a Sonergy-Snorenz® label.

Chinese shipments will commence within 90 days to an estimated 48,000 distributors that form a network marketing company in China, which now handles Sonergy® dietary supplements and other Sonergy products. Sonergy® is a manufacturer of Dietary Supplements, Nutritional Water and Cosmetics.

CLX MEDICAL INCORPORATED (OTCBB: CLXN)
"Up 50.00% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/CLXN.php

CLX Investment Company, Inc. is a principal investment firm specializing in acquiring developing businesses. The firm was formerly known as CLX Energy, Inc. CLX Investment Company Inc. was founded in 1977 and is based in Temecula, California.

CLXN News:

August 7 - CLX Medical, Inc. Announces Results of Meetings at AACC Annual Meeting and Clinical Lab Expo

Master Distributor for the European Market Expected to Be Announced Shortly; Terms and Closing Schedule for Additional Acquisition in the Medical Diagnostic Testing Market Was Also Agreed Upon

CLX Medical, Inc. (OTCBB: CLXN), which is focused on the launch and distribution of unique medical diagnostic testing products, today updated shareholders on its successful attendance at the American Association for Clinical Chemistry (AACC) Annual Meeting and Clinical Lab Expo held last week at in Washington, DC.

Among the more significant accomplishments achieved by CLX Medical management at the event was reaching agreement with a major European distributor to serve as the sole importer of CLX's subsidiary products into the European market. In the meetings with the targeted master distributor, a marketing strategy for European sales was established, and CLX expects to announce a Letter of Intent with the distributor in the next several days. The name of the company will also be announced at that time.

CLX Medical also met with the current owner and the manufacturer of an additional medical diagnostic testing product, which CLX expects to acquire in the near term. The two companies have reached agreement on acquisition terms and on a timeline for definitive agreement and the close of the acquisition. CLX expects to identify the product, the market opportunity presented by this acquisition and details of its launch plan within the next two weeks.

The AACC event was held from July 27-31 at the Walter E. Washington Convention Center in Washington, DC. AACC's Clinical Lab Expo, the largest gathering of laboratory industry companies in the world, was anticipated to include 1,800 booths and 650 exhibitors. The Expo allows visitors to see and speak to world-leading companies about the latest developments in laboratory medicine. More information on the event can be found at:

www.aacc.org/EVENTS/ANN_MEET/Pages/default.aspx.

"Everything we had hoped to accomplish at the AACC Annual Meeting and Clinical Lab Expo was achieved, and we look forward to providing the details of our agreement with our master distributor for Europe in the next several days and of our anticipated acquisition target shortly thereafter," commented Vera Leonard, chief executive officer of CLX Medical. "Our attendance at the event was more than worth the time we spent there, and we hope that CLX shareholders will follow our new releases closely as we follow-up with the details of each of these agreements."

VIROGEN INCORPORATED (OTC: VRGI)
"Up 63.16% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/VRGI.php

Virogen, Inc. is the developer and patent holder of a revolutionary vaccine to combat Newcastle disease, a deadly disease that kills chickens worldwide.

VRGI News:

August 6 - Virogen's Distributor Signs Multi-Million Dollar Contracts

Virogen, Inc. (OTC: VRGI) announced that its distributor has signed contracts with the largest poultry producers in Egypt and Saudi Arabia. Vaccine sales of two million in the first year and four to five million thereafter are projected based upon these contracts alone.

While poultry vaccines are now available in the form of a spray or nasal inhalant, the product developed by Virogen is 2000 times more potent than those now on the market. It is injected directly into the chicken embryo and provides immunity up to ten weeks, with the average time to market being six weeks. The trend in protection of livestock is to administer vaccines in-ovo wherever possible, and the Virogen vaccine (inovo-immune) not only fulfills that preference, but is also far cheaper to produce, more effective, and far less expensive to the purchaser than conventional vaccines.

Newcastle is a deadly disease which can decimate entire flocks should an outbreak occur. The most recent outbreak, which occurred in California in the 90s, cost the government over $300 million and the loss of hundreds of thousands of birds. Another outbreak occurred in Texas with similar results. Most outbreaks worldwide go unreported. Fully 85% of the worldwide market resides outside of the United States with Asia, South America, and the Middle East comprising the largest markets. The company has made the strategic decision to concentrate its resources on these world markets in order to maximize revenues and market penetration in the shortest possible time frames. These markets are experiencing rapid growth as protein consumption abroad is rising at a far more rapid rate than in the US domestic market.

To position itself to reach the worldwide market, the company entered into a manufacturing agreement with Romvac, a company headquartered in Bucharest, Romania that has been manufacturing veterinary medicines since 1978. Romvac is an established, well respected manufacturer and meets the highest standards available for a certified distributor. Manufacturing within a European Union member country allows access to the EU market and allows the company to fast track registration of the vaccine in countries worldwide in the shortest possible time. This strategy has not only been cost effective, but has also shortened the commercialization to world markets by several years.

Paul Hogan, CEO of Virogen, Inc., notes that "Every production bird in the world is required to be vaccinated, and since Virogen's vaccine is the only in-ovo patent-protected product on the market, the company anticipates it will capture this exclusive market for several years. With approximately 45 billion birds being produced annually outside of the United States, and consumption growing by close to 30% per annum and expected to increase further, one can anticipate the revenue opportunity for this vaccine is in the tens of millions over the product life cycle."

NOBLE INTERNATIONAL LIMITED (NASDAQ: NOBL)
"Up 71.47% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/NOBL.php

Noble International, Ltd., through its subsidiaries, provides laser-welded blanks, tubular products, and roll-formed products for the automotive industry primarily in North America and Europe. The company's flat, tubular, shaped, and enclosed formed structures are used in various automobile applications, including doors, fenders, body side panels, pillars, bumpers, door beams, load floors, windshield headers, door tracks, door frames, and glass channels. It sells products directly to automotive original equipment manufacturers (OEMs) and companies that are suppliers to OEMs. The company was founded in 1993 and is headquartered in Troy, Michigan.

NOBL News:

August 6 - Noble International Announces Second Quarter Financial Results

* Diluted earnings per share of $0.35 versus $0.13 a year ago
* Net sales of $314.9 million, up 72.4% versus a year ago
* Operating profit of $11.9 million versus $6.3 million a year ago
* Free Cash Flow of $31.2 million versus $11.6 million a year ago
* Inventory levels were reduced by $13.7 million since March 31, 2008
* Net debt levels were reduced by $26.5 million since March 31, 2008

Noble International, Ltd. (Nasdaq: NOBL) ("Noble" or the "Company") reported financial results for the second quarter ended June 30, 2008.

For the second quarter of 2008, Noble reported net sales of $314.9 million and net earnings of $9.0 million, or $0.35 per diluted share. The results reflect the negative impact of a $1.0 million after-tax charge, or $0.03 per diluted share, related to severance for certain executives who departed the Company. These financial results compare with net sales of $182.7 million and net earnings of $1.8 million, or $0.13 per diluted share, for the second quarter of 2007.

"In the second quarter, we realized the benefits of our geographic and customer diversification efforts," stated Thomas L. Saeli, Noble's Chief Executive Officer. "Despite the challenging North American operating environment which was exacerbated by the UAW strike of American Axle in April and May, we were still able to deliver solid earnings in the second quarter due to the strong performance of our overseas operations."

Total North American light vehicle production in the second quarter of 2008 was down 14.2% versus the second quarter of 2007. Total "Detroit 3" North American light vehicle production was down 19.9% over the same time period. This negative market environment was primarily responsible for net sales in North America decreasing by $37.1 million, a 20.9% decrease versus the second quarter of 2007. However, the North American sales decrease was more than offset by $166.2 million of revenue at facilities acquired from ArcelorMittal ("the Arcelor Business") and a $3.2 million increase in sales at the Company's Australian operations.

The North America segment reported operating profit of $1.5 million on $143.7 million of sales in the second quarter of 2008 versus operating profit of $8.3 million on sales of $177.5 million in the second quarter of 2007. The decrease in operating profit was primarily driven by the large reduction in light vehicle production in North America. Corporate and central costs contributed an operating loss of $4.4 million in the second quarter of 2008 versus an operating loss of $2.2 million in the second quarter of 2007. The larger loss was attributable in part to severance costs for certain departed executives as well as increased professional costs.

The Europe/Rest of World segment reported operating profit of $14.8 million on $170.3 million of sales in the second quarter of 2008. In the first quarter of 2008, the Europe/Rest of World segment reported operating profit of $5.9 million on $145.3 million of sales. The increase in sales was driven by higher production volumes and an increase in steel and scrap pricing. The increase in operating profit was driven by margin on higher volumes, operational efficiencies, scrap pricing, timing of steel price increases and a reduction in professional fees.

Noble's Chief Financial Officer, David J. Fallon commented, "Given the drastic reduction in North American light vehicle production, management across the Company focused on cost reductions, managing capital spending and reducing working capital. The results of these efforts are demonstrated by our strong Free Cash Flow figures for the second quarter."

Free Cash Flow in the second quarter of 2008 was $31.2 million. These figures compare with Free Cash Flow of $11.6 million in the second quarter of 2007. The Free Cash Flow realized in the second quarter of 2008 was primarily utilized to pay down net indebtedness by $26.5 million and distribute approximately $1.9 million of dividends to common shareholders.

In the second quarter, management implemented cost saving strategies primarily related to scrap, quality and labor which should yield $12.0 million of annual cost savings in 2009. In addition, the Company progressed on its rationalization efforts related to the closure of two North American facilities and the restructuring of two contract manufacturing operations in Europe. These initiatives, once completed, will result in approximately $11.0 million of cost savings in 2009. In light of the current and forecasted economic conditions, management will continue to assess the appropriateness of the Company's manufacturing footprint, and is ready to implement further restructuring efforts should they be necessary.

In addition to the above cost reductions, management initiated other cash generating activities in the second quarter in response to the decreasing light vehicle production. Management spent significant time decreasing working capital levels and scrutinizing capital expenditure requirements. In the second quarter, the Company generated $15.9 million of cash from reducing its working capital needs, which included a $13.7 million reduction of inventory levels. Capital expenditures in the second quarter were $8.1 million, and the Company's year-to-date capital spending through the second quarter was $16.3 million. Management originally had estimated full year capital expenditures of $35 million but now anticipates a significantly lower figure.

Noble's Chief Executive Officer, Thomas L. Saeli commented, "Despite the headwinds of the North American light vehicle production environment, we delivered strong results in the second quarter. The cost savings initiatives and working capital discipline we implemented in the past six months will make the Company much stronger when economic conditions provide for a better operating environment. That being said, there is still significant uncertainty regarding short term economic conditions and fuel prices and their impact on global light vehicle production. Given this uncertainty, we are choosing not to update our previous full year 2008 guidance that we will be profitable for the full year."

POMEROY IT SOLUTIONS INCORPORATED (NASDAQ: PMRY)
"Up 30.30% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PMRY.php

Pomeroy IT Solutions, Inc. is a leading provider of IT infrastructure solutions focused on enterprise, network and end-user technologies. Leveraging its core competencies in IT Outsourcing and Professional Services, Pomeroy delivers consulting, deployment, operational, staffing and product sourcing solutions through the disciplines of Six-Sigma, program and project management, and industry best practices. Pomeroy's consultative approach and adaptive methodology enables Fortune 2000 corporations, government entities, and mid-market clients to realize their business goals and objectives by leveraging information technology to simplify complexities, increase productivity, reduce costs, and improve profitability.

PMRY News:

August 6 - Pomeroy IT Solutions, Inc. Reports Second Quarter 2008 Results

Pomeroy IT Solutions, Inc. (Nasdaq: PMRY), an information technology ("IT") solutions provider with a comprehensive portfolio of hardware, software, technical staffing services, as well as infrastructure and lifecycle services, reported second quarter revenue of $155.0 million and net income of $1.5 million, or $0.12 per fully diluted share.

"We are very pleased to achieve our first quarterly profit in the last year. The positive results reflect improved gross margins in each of our product, technical staffing and infrastructure services segments combined with the cost reductions achieved through the first stage of resizing our workforce to match our current business environment. Additional cost reduction efforts are now nearly complete and we expect to see the benefits of those efforts in the second half of the year. We believe that the Company is now positioned to return to consistent quarterly operating profitability." said Keith Coogan, CEO and President of Pomeroy IT Solutions.

Second Quarter Financial Results

Total Net Revenues: Total net revenues increased $16.7 million or 12.1% in the second quarter of fiscal 2008 as compared to the second quarter of fiscal 2007. For the second quarters of fiscal 2008 and fiscal 2007, the net revenues were $155.0 million and $138.3 million, respectively.

Product revenue was $92.7 million and $91.6 million, respectively, for the second quarters of fiscal 2008 and fiscal 2007. Product revenue increased $1.1 million, an increase of 1.2% in the second quarter of fiscal 2008 as compared to the second quarter of fiscal 2007. This increase was due primarily to growth in our state, local and education customers and also in our commercial healthcare, retail and financial services accounts offset by continued delays in product deployment.

Service revenue was $62.3 million in the second quarter of fiscal 2008 compared to $46.7 million in the second quarter of fiscal 2007, an increase of $15.6 million or 33.5% from fiscal 2007. The Company groups services revenue into Technical Staffing and Infrastructure Services. Technical Staffing Services support clients' project requirements, ensures regulatory and customer compliance requirements and promotes success of the staffing projects. Infrastructure Services help clients optimize the various elements of distributed computing environments. Encompassing the complete IT lifecycle, these services include desktop and mobile computing, server and network environments.

Technical Staffing revenue was $31.6 million and accounted for approximately 50.6% of total service revenues in the second quarter of fiscal 2008, compared to $18.9 million and 40.5% in for the second quarter of fiscal 2007. This increase is primarily the result of recognizing revenue for the gross billings on subcontractor personnel which historically have been recorded as fee based services in our vendor management business. Overall, volume in our staffing business was relatively consistent.

The company anticipates that technical staffing revenue will decrease in subsequent quarters as a result of the announcement made in June 2008 that it elected to not renew a technical staffing services contract with a major customer because the terms they required meant this business would not be profitable for the company.

Infrastructure Service revenue was $30.7 million and $27.8 million, respectively, for the second quarter of fiscal 2008 and 2007. Infrastructure Service revenues were approximately 49.4% of total service revenues in the second quarter of fiscal 2008, compared to 59.5% for the second quarter of fiscal 2007. The increase in revenue is primarily the result of new service engagements started at the beginning of 2008.

Gross Profit: Gross profit was $19.3 million in the second quarter of fiscal 2008, compared to $15.6 million in the second quarter of 2007. Gross profit, as a percentage of revenue, was 12.4% in second quarter of fiscal 2008, compared to 11.3% in the second quarter of fiscal 2007.

Product gross profit was $9.2 million for the second quarter of fiscal 2008, compared to $7.3 million for the same period of fiscal 2007. Product gross profit as a percentage of product revenue increased to 9.9% in the second quarter of fiscal 2008, compared to 8.0% for the same period of fiscal 2007. The increase in product gross margin is due primarily to margin improvements as a result of increased rebates from improved tracking of OEM partner promotional initiatives and targeting more profitable growth segments such as networking, server, storage and peripherals.

Service gross profit was $10.1 million for the second quarter of fiscal 2008, compared to $8.3 million in the second quarter of fiscal 2007. Service gross profit as a percentage of service revenue decreased to 16.2% in the second quarter of fiscal 2008, compared to 17.8% for the same period of fiscal 2007.

Gross profit from Technical Staffing Services was $3.6 million for the second quarter of fiscal 2008, compared to $3.2 million for the second quarter of fiscal 2007. This increase of $0.4 million is primarily due to increased use of higher-margin Pomeroy employees on staffing projects. Gross profit as a percentage of technical staffing revenues decreased to 11.5% in the second quarter of fiscal 2008 from 17.1% in the second quarter of fiscal 2007. This decrease in gross margin is primarily the result of recognizing revenue for billings on subcontractor personnel which historically have been recorded as fee based services in our vendor management business at very low incremental margin.

Gross profit from Infrastructure Services was $6.5 million for the second quarter of fiscal 2008 compared to $5.1 million for the second quarter of fiscal 2007. Gross profit as a percentage of infrastructure service revenues increased to 21.1% in the second quarter of fiscal 2008 from 18.2% in the second quarter of fiscal 2007. This increase in gross profit and margin is primarily a result of driving higher utilization of personnel, reduction of work force in the Infrastructure Services technical resources and as a result of renegotiation and termination of unprofitable contracts.

Operating Expenses: Total operating expenses were $17.7 million in the second quarter of 2008, compared to $17.0 million in the second quarter of 2007, an increase of $0.7 million. This increase is primarily driven by an increase of $1.0 million in personnel-related expenditures, and related general and administrative expenses, to support our product and service businesses and investments to improve customer, vendor and back office support functions; severance charges of $0.3 million; offset by a decrease of $0.6 million related to professional and outside service provider fees.

Operating expenses as a percentage of revenue were 11.5% for the second quarter of fiscal 2008 compared to 12.3% for the second quarter of fiscal 2007.

Income (Loss) from Operations: Income from operations was $1.6 million in the second quarter of 2008, as compared to a loss of $1.4 million for the same period of 2007. This increase is a result of the increase in gross profit offset by the increase in operating expenses in the second quarter of 2008, as described above.

Net Interest Income (Expense): Net interest expense was $77 thousand during the second quarter of 2008 as compared to income of $90 thousand during the second quarter of 2007. During the second quarter of 2008, the Company had amounts outstanding under its credit facility due to the timing of payments of accounts payables and payroll and collections of receivables.

Income Tax: For the second quarter of 2008, the Company had no income tax expense or income tax benefit. During the second quarter of fiscal 2008, the Company decreased its tax valuation allowance by $0.6 million for a total allowance of $15.9 million at July 5, 2008. The tax valuation allowance results from the future uncertainty of the Company's ability to utilize its deferred tax assets. For the second quarter of fiscal 2008, the $0.6 million decrease in tax valuation reserve offset what would have been an income tax expense; the effective income tax rate would have been 43.4% prior to recording the tax valuation reserve. The effective income tax rate for the second quarter of fiscal 2007 was 35.4%.

Net Income (Loss): Net income was $1.5 million in the second quarter of 2008 as compared to a net loss of $0.9 million in the second quarter of 2007, resulting from the factors described above.

July 5, 2008 YTD versus July 5, 2007 YTD

Total Net Revenues: Total net revenues increased $19.9 million or 7.1% in the first six months of fiscal 2008 as compared to the same period of fiscal 2007. For the first six months of fiscal 2008 and fiscal 2007, the net revenues were $300.2 million and $280.3 million, respectively.

Product revenue was $174.2 million and $183.8 million, respectively, for the first six months of fiscal 2008 and fiscal 2007. Product revenue decreased $9.6 million, a decrease of 5.3% in the first six months of fiscal 2008 as compared to the first six months of fiscal 2007. This decrease was due primarily to continued delays of product deployments.

Service revenue was $126.0 million in the first six months of fiscal 2008 compared to $96.4 million in the first six months of fiscal 2007, an increase of $29.6 million or 30.7% from fiscal 2007. The Company groups services revenue into Technical Staffing and Infrastructure Services. Technical Staffing Services support clients' project requirements, ensures regulatory and customer compliance requirements and promotes success of the staffing projects. Infrastructure Services help clients optimize the various elements of distributed computing environments. Encompassing the complete IT lifecycle, these services include desktop and mobile computing, server and network environments.

Technical Staffing revenue was $64.1 million and accounted for approximately 50.8% of total service revenues in the first six months of fiscal 2008, compared to $39.3 million and 40.8% in for the first six months of fiscal 2007. This increase is primarily the result of recognizing revenue for billings on subcontractor personnel which historically have been recorded as fee based services in our vendor management business.

We anticipate technical staffing revenue to decrease in subsequent quarters as a result of the announcement made in June 2008 that we elected to not renew a technical staffing services contract with a major customer because the terms they required meant this business would not be profitable for our company.

Infrastructure Service revenue was $61.9 million and $57.1 million, respectively, for the first six months of fiscal 2008 and 2007. Infrastructure Service revenues were approximately 49.2% of total service revenues in the first six months of fiscal 2008, compared to 59.2% for the first six months of fiscal 2007. The increase in revenue is primarily the result of new service engagements started at the beginning of 2008.

Gross Profit: Gross profit was $34.5 million in the first six months of fiscal 2008, compared to $32.8 million in the first six months of 2007. Gross profit, as a percentage of revenue, was 11.5% in the first six months of fiscal 2008, compared to 11.7% in the first six months of fiscal 2007.

Product gross profit was $17.2 million for the first six months of fiscal 2008, compared to $15.2 million for the same period of fiscal 2007. Product gross profit as a percentage of product revenue increased to 9.9% in the first six months of fiscal 2008, compared to 8.3% for the same period of fiscal 2007. The increase in product gross margin is due primarily to margin improvements as a result of the increased rebates from improved tracking of OEM partner promotional initiatives and targeting more profitable growth segments such as networking, server, storage and peripherals.

Service gross profit was $17.4 million for the first six months of fiscal 2008, compared to $17.6 million in the first six months of fiscal 2007 for a decline in service gross profit of $0.2 million. Service gross profit as a percentage of service revenue decreased to 13.8% in the first six months of fiscal 2008, compared to 18.2% for the same period of fiscal 2007.

Gross profit from Technical Staffing Services was $6.2 million for the first six months of fiscal 2008, compared to $6.7 million for the first six months of fiscal 2007. Gross profit as a percentage of technical staffing revenues decreased to 9.7% in the first six months of fiscal 2008 from 17.1% in the first six months of fiscal 2007. This decrease in gross margin is primarily the result of recognizing revenue for billings on subcontractor personnel which historically have been recorded as fee based services in our vendor management business at very low incremental margin.

Gross profit from Infrastructure Services was $11.2 million for the first six months of fiscal 2008 compared to $10.9 million for the first six months of fiscal 2007 due to the increase in revenue related to new service engagements started at the beginning of 2008. Gross profit as a percentage of infrastructure service revenues decreased to 18.0% in the first six months of fiscal 2008 from 19.0% in the first six months of fiscal 2007. This decrease in gross profit margin is primarily the result of unprofitable customer contracts during the first quarter that were exited during the second quarter and reduced utilization and productivity of infrastructure services technical resources in the first quarter of 2008.

Operating Expenses: Total operating expenses were $37.1 million in the first six months of 2008, compared to $31.4 million in the first six months of 2007, an increase of $5.7 million. This increase is primarily driven by an increase of $0.9 million in sales and marketing costs, primarily related to increased commissions relating to improved product margins; an increase of $2.5 million in personnel-related expenditures, and related general and administrative expenses, to support our product and service businesses and investments to improve customer, vendor and back office support functions; a net charge of approximately $0.9 million to reserve against the collection of amounts incorrectly billed by subcontractors in our technical staffing business for years 2005 and 2006, as a result of an audit by our largest staffing customer; an increase related to severance charges of $0.9 million; an increase of $0.3 million for start up expenses related to new engagements; and an increase of $0.2 million related to costs for the retirement of directors.

Operating expenses as a percentage of revenue were 12.4% for the first six months of fiscal 2008 compared to 11.2% for the first six months of fiscal 2007.

Income (Loss) from Operations: Loss from operations was $2.6 million in the first six months of 2008, as compared to income of $1.4 million for the same period of 2007. This decrease is primarily the result of an increase in operating expenses for the first six months of fiscal 2008, as described above.

Net Interest Income (Expense): Net interest expense was $147 thousand during the first six months of 2008 as compared to income of $261 thousand during the first six months of 2007. During the first six months of 2008, the Company had amounts outstanding under its credit facility due to the timing of payments of accounts payables and payroll and collections of receivables.

Income Tax: For the first six months of 2008, the Company had no income tax expense or income tax benefit. During the first six months of fiscal 2008, the Company increased its tax valuation allowance by $931 thousand for a total allowance of $15.9 million at July 5, 2008. The tax valuation allowance results from the future uncertainty of the Company's ability to utilize its deferred tax assets. For the first six months of fiscal 2008, the $931 thousand increase in tax valuation reserve offset what would have been an income tax benefit; the effective income tax rate would have been 34.3% prior to recording the tax valuation reserve. The effective income tax rate for the first quarter of fiscal 2007 was 42.5%.

Net Income (Loss): Net loss was $2.7 million in the first six months of 2008 as compared to net income of $1.0 million in the first six months of 2007, resulting from the factors described above.

GLOBAL AXCESS CORPORATION (OTCBB: GAXC)
"Up 20.00% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/GAXC.php

Global Axcess Corp, through its subsidiaries, provides automated teller machine (ATM) services primarily in the United States. The company owns and operates a network of ATMs primarily located at grocery stores, regional and national retailers, hotels, shopping malls, airports, colleges, amusement parks, sports arenas, bars/clubs, theaters, and bowling alleys, as well as convenience stores, and combination convenience stores and gas stations. It offers proprietary ATM branding and processing services for approximately 55 financial institutions that have approximately 579 branded sites under contract with the company nationwide. The company also provides transaction processing services. As of December 31, 2007, its network included approximately 4,335 ATMs, of which approximately 1,564 are company owned and 2,771 are merchant-owned. The company was founded in 1984 and is headquartered in Jacksonville, Florida.

GAXC News:

August 6 - Global Axcess Corp Announces Record Second Quarter 2008 Financial Results

* Generated Record $450,300 of Net Income and EPS of $.02 for 2nd Quarter 2008
* Achieved highest quarterly gross profit dollars in Company history
* Achieved highest quarterly EBITDA and EBITDA per share in Company history
* Achieved highest quarterly operating income in Company history

Global Axcess Corp. (OTCBB: GAXC) (the "Company"), an independent provider of ATM solutions, announced the financial results for the second quarter ended June 30, 2008.

The Company reported revenues from continuing operations of approximately $5.8 million for the second quarter ended June 30, 2008, up from the reported revenues of approximately $5.6 million for the same period of 2007. The increase in revenue was mainly due to an increase in surcharge/convenience fees on selected ATMs beginning in the first quarter of 2008. This represented an increase of approximately 4.4% over the second quarter of 2007.

The Company recorded net income for the second quarter ended June 30, 2008 of approximately $450,300, or 2 cents per share, which compares to net income of $170,900 or 1 cent per share for the same period of 2007. Second quarter 2007 net income included $100,000 of bad debt recovery income relating to a settlement of a lawsuit. Excluding the $100,000 bad debt recovery income in the second quarter 2007, net income would have increased $379,400 or 535% over the second quarter of 2007.

The Company achieved gross profit from continuing operations of approximately $2.6 million or 44.3% of revenue for the three-month period ended June 30, 2008. This compared to $2.3 million or 41.6% of revenue for the same period of 2007, or an increase in gross profit dollars of 11.1% over second quarter of 2007. The increase in gross profit and gross profit percentage was mainly due to an increase in surcharge/convenience fees on selected ATMs beginning in the first quarter of 2008 and lower cash costs due to lower interest rates. Second quarter 2008 gross profit represented the highest quarterly gross profit dollars in the Company's history, surpassing the previous high in the first quarter of 2008.

SG&A expenses were approximately $1.3 million, or 22.4% of revenue for the second quarter 2008 versus nearly $1.4 million, or 24.5% of revenue for the same period in 2007.

Depreciation and amortization expenses increased by approximately $11,300 to $570,100 for the three-month period ended June 30, 2008 as compared to $558,800 for the same period in 2007.

During the second quarter of 2008, the Company recorded net interest expense of approximately $216,700. This is compared to net interest expense of approximately $290,900 for the same period in 2007. The decrease was mainly due to a decrease in debt balances. Included in the second quarter 2008 net interest expense was $38,400 of non-cash income relating to the interest swap agreement the Company entered into with its senior lender in October 2005.

The Company's EBITDA (earnings before net interest, taxes, depreciation and amortization) increased to $1,237,100 for the second quarter of 2008 from $1,020,600 for the second quarter of 2007. Excluding the $100,000 income from recovery of bad debts in the second quarter of 2007, EBITDA would have increased $316,500 or 34.4% over the same period in 2007.

EBITDA per share for the second quarter of 2008 was 6 cents compared to EBITDA per share of 5 cents for the second quarter of 2007.

The Company's EBITDA before stock compensation expenses increased to $1,279,500 for the second quarter of 2008 from $1,025,900 for the second quarter of 2007.

EBITDA represents a non-GAAP (Generally Accepted Accounting Principles) financial measure. A table reconciling this measure to the appropriate GAAP measure is included in this release.

Michael J. Loiacono, Chief Financial Officer of the Company, stated, "I am happy to report that we followed a strong first quarter with an even stronger second quarter. Our second quarter results surpassed our internal expectations."

Mr. George McQuain, Chief Executive Officer of the Company, stated, "Our second quarter results have reinforced our ability to perform well in an unstable economy. Our record setting performance is a tribute to our recent turn-around strategies and the way we have positioned the new company to succeed. I remain proud of our employees for their efforts in making the second quarter a record setting quarter for us."

PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX)
"Up 12.24% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/PEIX.php

Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol's growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol's goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

PEIX News:

August 4 - Pacific Ethanol, Inc. to Announce FY 2008 Second Quarter Results; Company Will Host Conference Call and Webcast on August 11, 2008

Pacific Ethanol, Inc. (Nasdaq: PEIX) announced it will release its fiscal year 2008 second quarter results before market on Monday, August 11, 2008.

The Company will host a live conference call and webcast at 10:00 AM EDT / 7:00 AM PDT on Monday, August 11, 2008. Neil Koehler, Chief Executive Officer, and Joseph Hansen, Chief Financial Officer, will host the call.

To listen to the conference call, United States callers may dial 866-700-7101. International callers may dial 617-213-8837. All callers should enter access code 47725694.

A link to the live audio webcast of the Company's earnings conference call may be found on the Company's website at www.pacificethanol.net.

Approximately one hour after the conclusion of the call, an audio replay of the call will be available. To listen to the replay, United States callers may dial 888-286-8010. International callers may dial 617-801-6888. All callers should enter access code 98592887. The replay will be available through August 25, 2008.