FEATURED COMPANY

CARBON SCIENCES INCORPORATED (OTCBB: CABN)

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

Company Profile:
http://www.otcpicks.com/carbon-sciences/carbon-sciences-2.htm

Carbon Sciences, Inc. focuses on developing GreenCarbon technology to convert carbon dioxide into a form that would not contribute to global warming. Its GreenCarbon technology is targeted at coal-fired electrical power plants and fuel production plants. The company was founded in 2006 as Zingerang, Inc. and changed its name to Carbon Sciences, Inc. in April 2007. Carbon Sciences, Inc. is based in Santa Barbara, California.

CABN News:

March 20 - Carbon Sciences Featured on Green Seed Radio

Carbon Sciences, Inc. (OTCBB: CABN), the developer of a breakthrough technology to transform earth destroying carbon dioxide (CO2) into earth friendly carbon products, announced today an interview with Derek McLeish, CEO, discussing the company's technology on Green Seed Radio — broadcast on KTRB-AM throughout Northern California and worldwide via a podcast on the radio show's website.

Visit www.carbonsciences.com/01/news.php to hear streaming audio of the interview.

Carbon Sciences GreenCarbon(TM) Technology converts harmful CO2 into carbonate products for use in building materials, paper, plastics, fertilizers and other industrial applications.

Reviewing this most recent media coverage, Mr. McLeish said: "We have found great interest in the immense potential of our transformation technology with the 'green' community. Our technology offers a more eco-friendly answer than geo-sequestration of captured CO2, without the infinite ongoing costs."

FEATURED COMPANY

KCM HOLDINGS CORPORATION (OTC: KCMH)

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

Company Profile:
http://www.otcpicks.com/kcm-holdings/kcm-holdings-2.htm

KCM Holdings Corporation is a strategic business development and holdings company specializing in a broad range of business incubation, support, design and development ventures. For more information, visit www.thekcmgroup.com.

KCMH News:

May 5 - KCM Signs Gourmet Food Preparation Client for Innovation of New North American Wide Revenue Model

KCM Holdings Corp. (OTC: KCMH) has signed an agreement with Mise En Place, a company that provides healthy gourmet food that is fast and economical for busy professionals who have no time to cook. Prepared by gourmet Paris-trained chef Judy Wood, Mise En Place services raise the stakes in the $730 Billion food industry.

KCM Holdings Corp. and Mise En Place have entered into a 3-phase agreement for a host of strategic services. KCM has secured a $15,000 upfront cash retainer for phase 1. For phase 2, KCM will be paid an additional $50,000 for expanded business development services as it launches the brand across North America. Mise En Place has also agreed to a revenue share from activities that KCM has or is directly working on for a period of 2 years. A long-term phase 3 has also been agreed to in principle, with the complete details, activities and financial terms to be negotiated in August of 2008.

“For years fast food was the only option for busy professionals and busy families,” says Chad Lefevre, Director of Strategic Development for KCM. “Being busy shouldn’t mean that unhealthy fast food is the only option — and now it is not.”

FEATURED COMPANY

COPPER KING MINING (OTC: CPRK)

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

Company Profile:
http://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:

May 7 - Copper King Mining Corporation Provides Additional Mill Construction Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, today provided additional construction updates concerning its Flotation Processing Mill.

Copper King has purchased a line of thickeners for the mill’s floatation process. This week the concentrate thickener, complete with bride and rakes, arrived in a nearly new condition. The 16' Denver Thickener is 16' Dia X 9' 6" deep wall height, complete with Denver Thickener mechanism, tank, drive, rakes, and bridge.

The Denver Thickener is capable of processing up to 270 tons of concentrate per day. This will allow the Flotation Processing Mill, as designed, to expand with very little additional capital investment. Upon commencement of mill operations, the thickener should receive for processing 75-100 tons of concentrate per day.

The Flotation Processing Mill presently is designed to process 2,500 short tons of ore per day; and is estimated to produce 50-65,000 pounds of copper in concentrate, 25 ounces of gold, and 2,500 ounces of silver per day. The gross daily production value at start up, using current metal prices is estimated at $300,000 to $320,000 per day. This does not include the magnetite value which may add $10,000 to $25,000 per day in value.

FEATURED COMPANY

BIOSOLAR INCORPORATED (OTC: BSRC)

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

Company Profile: http://www.otcpicks.com/biosolar/biosolar-2.htm

BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components. The company was founded in April 2006. It was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.

BSRC News:

April 28 - BioSolar Delivers BioBacksheet™ Samples to Solar Cell Manufacturers

BioSolar(TM), Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today announced that the company has shipped its BioBacksheet(TM) samples to a select group of manufacturers for their evaluation in several regions of the country. In an era of record high oil prices, the company's new bio-based product provides a cost effective alternative to petroleum-based backsheets currently in use, and has been actively sought by manufacturers as a component of their finished solar cells.

"This is a very exciting first step to market," said Dr. David Lee, BioSolar's CEO. "It has been our company's mission to deliver an economically viable 'green' product. Not only will the use of our new BioBacksheet product allow solar cell manufacturers to reduce cost in an extremely competitive environment, but they will be doing it in a manner that is environmentally responsible. We believe that as consumers demand more 'green' products, solar cell manufacturers will place an even greater value on products such as ours."

FEATURED COMPANY

MYPHOTOPIPE.COM INCORPORATED (OTC: MPPC)

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

Company Profile:
http://www.otcpicks.com/myphotopipe/myphotopipe-2.htm

MyPhotopipe.com Inc. is a US-based provider of online digital photo processing and related services catering to high-end amateur and professional photographers. The Company’s primary web portal is www.myphotopipe.com. Its services include photo finishing and printing, online sharing, photo books, digital photo templates, and online hosting and selling of photographs. The Company provides services to more than 18,500 professional and high-end amateur photographers nationwide; more than 190,000 copies of its software have been downloaded and are in use.

MPPC News:

May 6 - myPhotopipe.com Unveils New Customer Education Program

2008 customer growth rate, new product introductions highest in Company history

myPhotopipe.com, Inc. (OTC: MPPC), a web-based online provider of digital photo processing and related services, today announced the unveiling of a series of customer education products themed "A Beautiful Photograph is Just the Beginning."

The new initiative follows a period of rapid growth in the Company's new customers and first-time purchasers, and a period of extensive new product development. "We needed to connect the dots," stated Pete Casabonne, President of myPhotopipe.com, Inc. "We've been in a fairly intense period of new product introductions and new customer growth, which means we need to make sure the breadth of our products is known to our customers, and that our customers are knowledgeable about our products. With the Internet and new digital tools, this is not your grandmother's 4X6 print anymore."

Since January 8, 2008, first-time customers and new customer registrations have increased from 17,480 to 19,645, for a net gain of 2,165, or an average of 18.5 first-time users a day. This represents the highest growth rate in the Company's history. At the same time the Company has increased the number of SKUs across almost every product line, introduced a new line of mounted products, introduced two new collections in its greeting card line, and updated the look of its exclusive multi-photo print templates.

"We service photographers across the nation, so we get to see what's happening, and when we see the smallest spike behind a style or a print size, we try to quickly translate that into a form that all of our photographers can access," continued Casabonne. "Today's photographers are demanding more from their online photo processors. They want ways to add drama to an image or turn a print into a work of wall art, but they don't want to wrestle with an alligator to make that happen. 'A Beautiful Photograph is Just the Beginning' tells our customers that there are many things they can do with that photograph beyond the ordinary 4X6 and 8X10."

The new initiative consists of a series of scheduled package inserts and forced updates to users of the Company's Remote Order Entry System software.

STOCKS TO WATCH

CANNON EXPLORATION INCORPORATED (OTC: CNEX)
"Up 183.33% in morning trading"

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

China Shuangji Cement Corporation, through its interest in Shandong Zhaoyuan Shuangji Group, Ltd., operates in the cement industry in the People's Republic of China and internationally. It offers portland cement and other cement products, which are used in the construction of buildings, roads, and other infrastructure projects. The company, formerly known as Citisource, Inc., was founded in 1983 and is based in Kent, the People's Republic of China.

CNEX News:

May 7 - Cannon Exploration Inc. Updates Shareholders

Cannon Exploration Inc. (OTC: CNEX), a North American mining company, announced that effective May 7th, the company's website (www.cannon-exploration.com) will be live and that an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724.

The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.

The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments.

QED CONNECT INCORPORATED (OTC: QEDC)
"Up 60.00% in morning trading"

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

QED Connect, Inc. is an information security Software-as-a-Service (SaaS) provider that gives organizations visibility, management and control of activity on all their computers, laptops and wireless devices. The company's popular SaaS, Omni Manager, is an affordable way to monitor and manage how employees are using company computers and the Internet at any time, from any location in the world. This solves the problems created by today's "virtual" work environment of branch offices, remote workers and traveling employees. Omni Manager is a web-hosted software application that includes e-mail and Internet filtering and blocking, antivirus, instant messaging management, asset tracking, application usage monitoring and policy management. ROI is delivered by employee productivity gains, cost savings and improved operational efficiencies. For more information, visit www.qedconnect.com.

QEDC News:

May 7 - QED Connect Protects Award-Winning Auto Dealerships From Internet-Based Threats and Enhances Productivity

Omni Manager Implemented Across Nissan, Suzuki and Chevrolet/Volkswagen Dealerships to Control Internet Use and Protect Against Computer Viruses

QED Connect, Inc. (OTC: QEDC), an innovative Software-as-a-Service (SaaS) provider, continues to see growing demand for information security solutions among small to medium-sized businesses, announcing the addition of Port City Auto Group as a customer. Omni Manager and Kaspersky® 6.0 anti-virus software, a QED partner offering, were implemented on computers across three of the group's New Hampshire and Massachusetts-based dealerships, including Port City Nissan, Port City Suzuki and Amesbury Chevrolet/Volkswagen. Together, the products provide network security and employee productivity tools that include Internet filtering and powerful anti-virus protection.

"We implemented Omni Manager primarily to control Internet use and prevent staff from accessing web sites that could ultimately introduce viruses into our network. It's very costly to fix the problem in terms of both lost time and system repairs," said Tony DeCosta, Service Manager for Port City Nissan. "Omni Manager also increases employee productivity commensurate with the amount of time that they are not browsing the Internet. In the service department, we sell labor so productivity is critical. Once hours are gone, that time is lost revenue we can't get back. We're also paperless in this department, keeping data such as shop manuals and updates for cars' computer systems on our PCs. I can't afford to have our PCs down because technicians are visiting social networking sites such as MySpace or Facebook, or because viruses enter our computers from malicious sites. The same goes for the sales department — if the opportunity to browse distracting, non-work related sites isn't there, that translates into more sales."

IMARX THERAPEUTICS (NASD: IMRX)
"Up 157.68% in morning trading"

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

ImaRx Therapeutics, Inc., a biopharmaceutical company, engages in developing and commercializing therapies for vascular disorders in the United States. Its commercialization efforts are focused on urokinase, a thrombolytic drug used for the treatment of acute massive pulmonary embolism, or blood clots in the lungs. The company sells urokinase to wholesale distributors under the Kinlytic brand name. Its research and development efforts are focused on therapies for stroke and other vascular disorders using its proprietary microbubble technology. The company's research stage programs include Targeted SonoLysis Therapy, which includes study for MRX-802 targeted microbubbles to treat vascular clots; and Targeted Drug Delivery to study the changes in the permeability of the blood-brain barrier with its proprietary MRX-809 targeted microbubbles and ultrasound. ImaRx Therapeutics, Inc. was founded in 1999 and is headquartered in Tucson, Arizona.

IMRX News:

May 7 - ImaRx Therapeutics Signs Letter of Intent With Microbix Biosystems for the Sale of Urokinase

Microbix to Acquire Commercialized Thrombolytic and Related Assets for $17 Million

ImaRx Therapeutics, Inc. (NASD: IMRX) announced that it has signed a letter of intent in which Microbix Biosystems will acquire urokinase inventory and related assets from ImaRx for $17 million in cash. Urokinase is an FDA-approved thrombolytic, or clot-dissolving agent, indicated for the treatment of acute massive pulmonary embolism. ImaRx acquired an approximate four year inventory of the product from Abbott Laboratories and has been selling the product from inventory since 2006.

Bradford A. Zakes, President and CEO of ImaRx, stated, "The proceeds to be generated through this transaction provide ImaRx with a solid source of non- dilutive financing. We are very pleased with the terms under which we have reached agreement with Microbix on the sale of our urokinase asset. Through this transaction, ImaRx will have gained access to operating capital under favorable economic terms that will enable the company to continue the advancement of our core SonoLysis technology."

Under terms of the agreement, Microbix will acquire the urokinase product and related assets for an upfront payment of $12 million plus an additional $5 million upon achievement of an inventory stability milestone. Upon closing, Microbix will assume full responsibility for urokinase, including sales, marketing and regulatory compliance requirements. To facilitate the inventory stability milestone, Microbix will engage ImaRx in a support services agreement.

ImaRx had previously announced in January 2008 that it had signed a letter of intent to partner with Microbix in the transfer of the manufacturing process and production of a new supply of urokinase. Zakes stated, "Whereas we viewed the manufacturing partnership with Microbix under the structure of our original letter of intent as an attractive means of maintaining an ongoing supply of urokinase in the marketplace, we ultimately concluded that selling the entire asset to Microbix created an even greater value proposition for ImaRx by enabling the company to accelerate the monetization of our existing inventory and utilize the proceeds towards the advancement of our SonoLysis program."

This decision was further supported by the company's announcement in April 2008 that it had fully satisfied all of its obligations under the $15 million non-recourse promissory note to Abbott Laboratories in exchange for the payment of $5.2 million in cash and certain payables.

Mr. Zakes concluded, "SonoLysis represents the original investment thesis for the vast majority of our existing shareholders. ImaRx is recognized world wide as a leader in the development of microbubble technologies and has a proven track record in this field. We have an experienced and talented team of scientists that are passionate about this program and dedicated in their pursuit to prove the therapeutic potential of this important technology. We were encouraged by the results of this technology from the first cohort of our TUCSON stroke study and believe that SonoLysis has the potential to treat several other vascular disorders beyond ischemic stroke including peripheral artery disease, deep vein thrombosis and other life threatening indications. Although sales of our urokinase inventory served a valuable purpose in helping cash-flow the business since the time we acquired it from Abbott, the $17 million in proceeds generated through the divestiture of this asset will enable the company to focus on our core competency and work towards generating future value for our shareholders."

ABOUT SONOLYSIS

ImaRx's SonoLysis program involves the administration of its proprietary MRX-801 microbubbles and ultrasound to break up blood clots and restore blood flow to oxygen deprived tissues. The sub-micron size of MRX-801 microbubbles may allow them to penetrate a blood clot, so that when ultrasound is applied their expansion and contraction, or cavitation, can break the clot into very small particles. This technology was most recently evaluated in a Phase I/II clinical trial in combination with tPA in patients suffering from acute ischemic stroke.

ABOUT UROKINASE

Urokinase is a thrombolytic or clot-dissolving agent indicated for the treatment of acute massive pulmonary embolism, or blood clots in the lungs. The product has been commercialized for more than 20 years and has been administered to greater than four million patients. In 2006, ImaRx acquired urokinase and all related assets, including an approximate four-year supply of inventory, cell lines and manufacturing rights to the drug. Since October 2006, ImaRx has been selling its urokinase inventory in the U.S. market where it is estimated to be listed on pharmacy formularies at approximately 700 acute care hospitals and has generated $14.2 million in net proceeds through the fourth quarter of 2007.

COTTON & WESTERN MINING (OTC: CWRM)
"Up 50.00% in morning trading"

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

Cotton & Western Mining, Inc. (the “Corporation”), a pubic corporation traded under the symbol CWRM, was founded in early 2005 as a Nevada Corporation by Robert L. Cotton, with a specific plan and goal in mind; that being, to operate a low cost and high profit junior “Iron Mineral Mining” company. Iron ore mining can be a simple low-tech process or a very expensive and sophisticated undertaking.

CWRM News:

May 7 - Cotton & Western Mining, Inc. Nears Contract Completion for Domestic Mill Scale Project

Cotton & Western Mining, Inc. (OTC: CWRM) announced that the company is near completion of the sales contract and the shipping arrangements of Mill Scale from the Port of New Orleans to China. Due to recent surges in bulk cargo shipping charges, the cargo will be shipped in containers each holding 25 metric tons. Each shipment will be 400 containers totaling 10,000 metric tons.

Financing for the project is being undertaken by the LC Xchange, Inc. Houston, Texas U.S.A.

The CWRM Board of Directors approved this project to produce financial activity for the company during the pending permit process for the company's Baja Pacific Mining Project; which has been delayed until the third quarter of year 2008.

WHAT IS MILL SCALE?

Mill Scale consists primarily of magnetite, Fe3O4, of characteristic blue-gray "steely" color. An extremely thin outer film of hematite, Fe2O3, is invisible to the naked eye. The inner portion of the magnetite contains fine metal grains and sometimes, residual black FeO (see below), which contribute to the roughness of de-scaled metal. Mill Scale is found on all hot-rolled steel products unless processed in a protective atmosphere.

At hot rolling temperatures, an inner layer of wüstite, FeO, exists between the steel and magnetite. At elevated temperatures, FeO constitutes about 85% of the scale thickness, Fe3O4 about 10 to 15% and Fe2O3 about 0.5 to 2%. During slow cooling [below 1040 F] of hot-rolled coils of hot-rolled strip [and heavy shapes], most of the FeO is transformed to Fe and Fe3O4, and the latter oxide is predominant after cooling.

LUDWIG ENTERPRISES (OTC: LUDW)
"Up 40.00% in morning trading"

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

Ludwig Enterprises, Inc., (LUDW), is a Nevada based technology company with regional offices in Miami, Florida. LUDW has acquired various licenses and rights for revolutionary new methods of radio broadcasting. This technology attaches fifty new digital broadcast channels to an existing broadcast signal. This technology will allow Ludwig Enterprises to contractually acquire the right to utilize currently issued broadcast station spectrum with minimal regulatory requirements. The company intends to deploy this technology into the fifty largest US demographic markets. Taking advantage of a current void in the media market, Ludwig will target the rapidly emerging and underserved or un-served foreign language market. Programming will consist of twenty-four hour a day programs in such languages as Chinese, Pakistani, Russian, Hebrew and many others. Additionally there will be a limited number of specialty channels focusing on twenty-four hour a day old time radio programs, readings of local and national news papers (without commentary), specialty music channels including jazz and music forms not played on conventional stations, and educational programming. It is estimated that this initial target market is currently over 100 million people in the US. Additional information about Ludwig Enterprises, Inc. as well as corporate structure and stock capitalization can be viewed on the Company's Web site at www.ludwigent.com. Capitalization and filing information may also be viewed at www.pinksheets.com.

LUDW News:

May 6 - Ludwig Enterprises, Inc. Announces Selection of F.C.C. Attorneys

Ludwig Enterprises, Inc. (OTC: LUDW) Board of Directors announces selection of F.C.C. Attorneys, Womble Carlyle Sandridge & Rice, PLLC.

Ludwig's legal team will be headed by Womble Carlyle attorney Gregg Skall, a senior member of the Communications Bar. Mr. Skall has over 35 years experience in telecommunications legal issues and is a former Chief Counsel of the National Telecommunications and Information Administration.

Mr. Skall said that Ludwig's technology and business plan offer radio broadcasters exciting new opportunities for nontraditional revenue and program diversification and he is grateful that Womble Carlyle will be a part of the Ludwig team.

Mr. Skall will work directly with Patrick Greenish, Esq. president of Ludwig on legal matters relating to Ludwig's new Digital Broadcasting technology. The revolutionary new digital platform is planned to allow transmission of fifty (50) simultaneous channels of ethnic and alternative media broadcasting. The under-serviced or unserved foreign speaking market will have a medium to hear programs in their native languages. Content will include news from their homeland as well as content about activities in their local U.S. communities. Currently the US has about 30+ million foreign- born citizens or residents. Many in this group are middle or upper income producers. Many advertisers desire access to this group but have limited means to promote their products in a cost effective manner. Ludwig will link advertisers supply to targeted communities demand.

ABOUT WOMBLE CARLYLE

Womble Carlyle is a full-service business law firm, which ranks among AmLaw's 100 leading firms in the country. The firm is a recipient of the Thurgood Marshall College Fund Corporate Leadership Award, making Womble Carlyle the first law firm ever to receive the highest honor given to a business organization in recognition of its support of the Fund and its 45 member educational institutions.

Founded in 1876, Womble Carlyle operates in six states and the District of Columbia with nearly 550 attorneys in eleven offices located in Atlanta, GA; Greenville, SC; Charlotte, Greensboro, Raleigh, Research Triangle Park, and Winston-Salem, NC; Washington, DC; Tysons Corner, VA; Wilmington, DE; and Baltimore, MD. Womble Carlyle is located in the Southeast and mid-Atlantic regions, and serves clients nationally and globally.

Womble Carlyle's communications practice has a fifty-year tradition of assisting mass media and telecommunications businesses through their regulatory issues in Washington and their business issues in nearly every state in the country.

COATES INTERNATIONAL LIMITED (OTCBB: COTE)
"Up 51.56% in morning trading"

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

Coates International, Ltd. develops Coates spherical rotary valve system (CSRV System) for use in piston-driven internal combustion engines. CSRV System is designed to replace the intake and exhaust conventional poppet valves used in piston-driven stationary, automotive, motorcycle, and marine engines. The company holds license to manufacture, sell, and grant sublicenses for its products in North America, Central America, and South America. Coates International was founded in 1987 and is based in Wall Township, New Jersey.

COTE News:

May 7 - Coates International, Ltd. Announces $1.1 Billion Equipment Financing Commitment Obtained by Well to Wire Energy, Inc.

Coates International, Ltd. (OTCBB: COTE) (the "Company" or "Coates") announced that Well to Wire Energy, Inc. ("WWE"), a Canada-based company that services the oil and gas industry throughout Canada and America, has secured a $1.1 Billion equipment lease finance commitment from Canada West Corporate Finance, Inc., which is to be utilized for its Coates CSRV engine generator purchases over the next five years pursuant to its licensing agreement with Coates. The five-year WWE business plan on which this commitment was based provides for the purchase of approximately 7,400 Engine Generators at a price per unit of $150,000. The parties are in the process of finalizing a definitive financing agreement.

WWE is continuing its efforts to raise new equity capital in order to fund a Release Payment due under an Escrow Agreement with the Company which represents payments currently due pursuant to the Canadian Research and Development and Licensing Agreements and the recently executed United States Licensing Agreement. WWE has made additional payments in April and May 2008, bringing the total amount of non-fundable deposits received by the Company to approximately $2,025,000. The remaining balance of the Release Payment at this time is approximately $8,975,000. WWE may only draw down on the $1.1 Billion financing commitment for the acquisition of Coates CSRV Electric Power Natural Gas Generators.

Barry C. Kaye, CFO stated that this marks an extremely positive development for Coates and because WWE will be backed by a secure financial resource, he considers this a critical step in reducing the business risk related to collection of the proceeds from CSRV Engine Generator sales.

George J. Coates added that this represents significant progress in moving the Company towards its goal of being able to promptly commence production of Coates CSRV Engine Generators for WWE upon receipt of a sufficient portion of the Release Payment due from WWE.

The Company is continuing active discussions with other third parties in connection with additional commercially viable applications of the CSRV technology.

About Coates International, Ltd.: Coates has completed development of its patented spherical rotary valve CSRV Industrial Internal Combustion Engine developed over a period of more than 6 years and other CSRV applications over 10 years. The underlying CSRV technology was invented by George J. Coates and his son Gregory. The CSRV system is adaptable to combustion engines of many types. This technology is currently adapted to a number of practical applications including industrial generators powered by engines incorporating the CSRV technology and designed to run on flare-off gas from oil wells, landfill gas and raw natural gas. The company is actively engaged in planning for production and rollout of these engines.

YOUBET.COM INCORPORATED (NASD: UBET)
"Up 24.18% in morning trading"

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

Youbet.com, Inc. operates as a licensed multi-jurisdictional facilitator of online pari-mutuel horse race wagering and supplier of tote equipment and services to the racing industry. Its principal product Youbet Express offers interactive and real-time audio/video broadcasts, access to database of handicapping information, and the ability to wager on various horse races. The company's Website, www.youbet.com, enables its customers to wager on horse races at approximately 150 racetracks. It also supplies totalizator systems, terminals, and other pari-mutuel wagering services and systems to the pari-mutuel industry. The company has a strategic alliance with Phantom Fiber Corporation to deliver a mobile phone wagering solution that is integrated with the totalizator systems. It offers its products and services in the United States, Canada, the United Kingdom, Australia, South Africa, and Hong Kong. The company, formerly known as You Bet International, Inc., was founded in 1987. Youbet.com, Inc. is headquartered in Woodland Hills, California.

UBET News:

May 6 - Youbet.com Reports Results for the Three Month Period Ended March 31, 2008

Youbet.com, Inc. (NASD: UBET) announced earnings for the three-month period ended March 31, 2008.

Youbet Chairman and Chief Executive Officer Michael Brodsky commented: “We continue to focus on our restructuring, and we began to realize benefits in the first quarter. We are also continuing our efforts at Youbet Express to acquire additional content, seek incremental revenue from existing customers, and attract new players to our platform. Although our expense reduction plan is showing positive results, maintaining and improving cost containment, yields and operating margins remain high priorities at both Youbet Express and United Tote.”

Total revenue from continuing operations was $24.5 million, a decrease of 14% from the prior-year period. Youbet Express revenue was $19.2 million, down 18% from first quarter 2007 based on handle of $95.5 million, a decrease of 16% from the prior-year period. Youbet Express yield in the first quarter of 2008 was 8.4%, an improvement of 30 basis points from the prior-year period.

The decline in handle at Youbet Express was attributable to the previously announced loss of TrackNet content as well as the previously announced decision to cease accepting wagers from customers in Arizona, Kansas and Washington D.C. Total handle from these sources in the first quarter of 2007 was $23.8 million.

Youbet Express same-track handle increased $3.4 million, or 3.7%, over first quarter 2007 results. Youbet Express handle attributable to new content was $1.7 million.

For the first quarter of 2008, totalizator contract revenue at United Tote of $5.2 million was comparable with the prior-year period, while equipment sales were up slightly compared with 2007. Cost of revenue decreased 6% compared to the prior-year period to $3.6 million. This decrease was attributable to lower costs due to restructuring initiated during the second half of 2007. Gross profit for the first quarter 2008 increased 17% over the prior-year period to $1.7 million.

Total operating expenses associated with continuing operations for the three months ended March 31, 2008 decreased $1.5 million to $8.1 million from $9.6 million in the prior-year period. Research and development costs of $0.9 million were flat with the same period in 2007. Sales and marketing costs of $1.2 million were down $0.9 million, or 42%, from 2007 levels due to management’s implementation of a more targeted marketing strategy as well as other cost reduction initiatives implemented in the first quarter of 2008. Total general and administrative expense, which includes payroll-related costs, transaction processing fees and professional consulting fees, was $4.2 million, a decrease of $0.8 million, or 16%, in the first quarter of 2008 compared to the first quarter of 2007. This decline is attributable to reduction in payroll costs and lower accounting related expenses due to the company’s improved internal control environment. Depreciation and amortization was $1.8 million, an increase of $0.2 million, or 12%, compared to the first quarter of 2007, primarily a result of higher depreciation at United Tote.

For the first quarter of 2008, the company’s net income from continuing operations, which includes Youbet Express and United Tote, was $1.2 million, or $0.03 per diluted share, compared to net income from continuing operations of $0.8 million, or $0.02 per diluted share, in the prior-year quarter. Net income for total operations, including discontinued operations, for the first quarter 2008 was $0.02 per share compared to $0.04 in the prior-year quarter.

Liquidity and Capital Resources

As of March 31, 2008, we had negative net working capital of $15.6 million, compared to negative working capital of $13.3 million at December 31, 2007. The decline in working capital primarily relates to the acceleration of the credit facility term to January 31, 2009, which requires the company to report the amount due under the term loan as a current liability. As of March 31, 2008, we had $9.0 million in unrestricted cash and cash equivalents, $7.7 million in restricted cash and $13.8 million in total debt. Net cash provided by operating activities for the first three months of 2008 was $4.7 million. Net cash used in investing activities for the first quarter of 2008 was $0.3 million. Net cash used in financing activities was $1.9 million and was attributable to the repayment of debt.

During the first quarter, we did not repurchase any shares; as of March 31, 2008, we had repurchased a total of 586,766 shares for approximately $1 million during 2007. Youbet’s $10 million repurchase program allows the company to repurchase up to two million common shares in total by March 2009.

Subsequent Events

As previously announced, Michael Brodsky was appointed as President and Chief Executive Officer effective April 24, 2008. In consideration of his appointment as an officer, the compensation committee approved an annual salary of $250,000, and for his service as an officer and on the management advisory committee of the board of directors, the board of directors approved the grant to Mr. Brodsky of a stock option for 600,000 shares of our common stock with an effective grant date of May 9, 2008 and an exercise price equal to the closing price of our common stock on the grant date. The stock option award will vest as follows:

A) 200,000 shares if Mr. Brodsky remains with the company on December 31, 2008; and
B) 200,000 shares if Mr. Brodsky remains with the company on December 31, 2008, and the company achieves a certain financial target, as determined by our compensation committee; and
C) 200,000 shares if Mr. Brodsky remains with the company on December 31, 2008, and the company achieves a certain other financial target, as determined by our compensation committee.

The stock options will expire on May 8, 2013. The award agreement also will provide that 50% of any shares of common stock acquired on exercise of the option cannot be sold prior to January 1, 2010, and the remaining 50% may be sold on or after January 1, 2011.

Conference Call Information

The company will host a conference call and webcast today at 4:30 p.m. Eastern time today. Both the call and webcast are open to the general public.

The conference call number is 888-213-3922. Please call ten minutes in advance to ensure that you are connected prior to the presentation. Interested parties may also access the live call on the Internet at www.youbet.com (select About Youbet.com). Please log-on 15 minutes in advance to ensure that you are connected prior to the call's initiation. Questions and answers will be reserved for call-in analysts and investors. Following its completion, a replay of the call can be accessed for 30 days on the Internet at the above link.

ALLIED HEALTHCARE INTERNATIONAL (NASD: AHCI)
"Up 34.23% in morning trading"

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

Allied Healthcare International, Inc., together with its subsidiaries, provides flexible or temporary healthcare staffing services to the healthcare industry in the United Kingdom. Its healthcare staff primarily includes homecare aides, nurses, and nurses' aides. The company provides its staff principally to local governmental social service departments; nursing homes, care homes, and independent hospitals; NHS hospitals and NHS Primary Care Trusts; and private patients. As of September 30, 2007, Allied Healthcare International operated an integrated network of approximately 100 branches. The company was incorporated in 1981 as United States Home Healthcare Corp. and changed its name to Transworld Home Healthcare, Inc. The company further changed its name to Transworld Healthcare, Inc. in June 1995 and Allied Healthcare International Inc. in June 2002. Allied Healthcare International, Inc. is based in New York, New York.

AHCI News:

May 7 - Allied Healthcare International Inc. Increases Revenues 9.8% and Operating Income from Continuing Operations 6.3% for the Second Fiscal Quarter of 2008

Allied Healthcare International Inc. (NASD: AHCI) (AIM: AHI) (www.alliedhealthcare.com), a leading provider of flexible healthcare staffing services in the United Kingdom, announced the financial results of its fiscal 2008 second quarter and six months for the period ended March 31, 2008.

For the second quarter of fiscal 2008, before the favorable impact of exchange rates, revenues increased by $5.6 million, or 8.4%, to $72.9 million, compared with $67.2 million reported during the same period in fiscal 2007. Contributing to the increase in revenues was Allied’s Homecare staffing which grew by 11.4% to $53.8 million. Nursing Home staffing achieved 12.1% growth in revenues totalling $10.5 million. As anticipated, Hospital staffing declined, resulting in a 10.6% decrease in revenues to $8.5 million. After the favorable impact of exchange of almost $1 million, revenues increased to $73.8 million.

Before the favorable impact of exchange rates, total gross profit for the second fiscal quarter increased 8.7% to $21.6 million, compared with $20.0 million reported for the comparable quarter in fiscal 2007. Gross profit margins for the second quarter improved slightly, but were impacted by the Company’s requirement to comply with changes in employment legislation, which provided care workers with an additional four days of holiday from October 1, 2007. The costs are expected to be passed on to Allied’s clients in the annual price adjustment review, which are expected to take place during the Company’s fiscal third quarter of 2008. Foreign exchange slightly impacted the quarter and increased gross profit by $0.3 million to $21.9 million.

Excluding the unfavorable effects of foreign exchange, SG&A for the second fiscal quarter was $19.3 million, compared with $17.6 million reported last year. The increase was due to the Company’s continued initiative to invest in improved recruitment and retention of care workers. Of the increase, $0.1 million was for advertising and $0.9 million was for additional headcount and training. Also, with the increase in activity and growth in the number of carers, Allied opened four additional branches since last year and increased branch staff, resulting in a further cost of $0.7 million for the quarter. The Company has begun to benefit from this investment as its number of paid workers has increased by approximately 270 people since the start of the fiscal year. Foreign exchange slightly impacted the quarter and increased costs by $0.2 million to $19.5 million.

Income from continuing operations for the second quarter of fiscal 2008 increased 62% to $1.8 million as compared with $1.1 million reported during the 2007 second fiscal quarter. Diluted earnings per share from continuing operations was $0.04 for the quarter, compared to $0.02 per diluted share last year.

The Company has recently approved the purchase of a new branch operating system supplied by Coldharbour, a privately owned UK company, which supplies many of Allied’s competitors and who are also forging relationships with the Company’s Local Government clients. In re-evaluating its needs, Allied was able to reduce the anticipated cost of the project to $7 million over a two-year period, as opposed to the $9 million to $10 million that was previously anticipated. The associated costs will include software, hardware and training of the approximate eight hundred branch staff members that will use the system.

For the fiscal six months ended March 31, 2008 before the favorable impact of foreign exchange rates, revenues increased $8.8 million, or 6.6%, to $142.9 million, compared with $134.1 million reported during the same fiscal period in 2007. Contributing to the increase in revenues was Allied’s Homecare staffing, which grew by 10% to $106.3 million. Nursing Home staffing achieved 14% growth in revenues totalling $21.5 million. As anticipated, revenues generated in Hospital staffing decreased 18.8% to $15.1 million. Foreign exchange increased the revenues by $5.7 million to $148.6 million.

Before the favorable impact of foreign exchange, gross profit for the fiscal six months increased 6.6% to $42.7 million, compared to $40.0 million reported for the comparable period in fiscal 2007. Gross profit margins for the six-month period remain constant, but as discussed above, gross margin was adversely impacted by the costs of additional holiday entitlement for care workers. Foreign exchange benefited the reported results by $1.7 million to $44.4 million.

Excluding the unfavorable effects of foreign exchange, SG&A for the six-month period was $38.2 million, compared with $35.3 million reported in last year’s comparable period. The increase in SG&A was due to the additional costs of bringing more care workers into the branch network, as well as opening four new branches. As a result, branch staff costs have increased by $1.3 million, recruitment and advertising cost an additional $0.3 million and training cost an additional $0.5 million compared with the same period last year. Foreign exchange further increased the costs by $1.4 million to $39.6 million.

Income from continuing operations for the six-month period increased 39% to $3.4 million, or $0.08 per diluted share from continuing operations as compared with $2.5 million, or $0.06 per diluted share from continuing operations reported in the six-month period of 2007.

Allied’s cash balance at the end of the quarter was $20.5 million. During the quarter, the cumulative cash inflow increased by $5.9 million, compared with last quarter, when there was a cash outflow of $5.7 million due to the timing of annual payments. For the year-to-date, depreciation and amortization was $2.5 million and capital expenditure was $1 million.

Day Sales Outstanding (DSO) decreased to 22 for the month of March, compared with 27 days in the same period in 2007. This is the lowest level achieved by the Company, but was impacted by the invoicing of clients who are on a four-week billing cycle, rather than a calendar month. The Company anticipates DSO will return to its historical rate of 25 – 27 days per month in upcoming quarters.

Management Discussion

“It is encouraging to see the revenues growth Allied has made in the Homecare business during the second quarter,” commented Sandy Young, Chief Executive Officer of Allied Healthcare. “We remain focused on our initiatives to improve recruitment and retention of Careworkers to support our growth in the months and years to come. We are fortunate that our market has not been particularly affected by the economic problems affecting the wider economy.”

Mr. Young continued: “We would like to see more of our increased gross margin reflected in our operating income. We will continue to work on efficiencies in our processes and will be aiming to limit or reduce our overhead expenditure in future periods.”

Mr. Young concluded: “I am proud of our staff’s performance, from care workers, to trainers, to the corporate staff, and I look forward to moving ahead and reporting the results of the changes we make as we further improve our operations.”