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 16 - myPhotopipe.com Reports First Quarter Operating Results

Revenues Rise 26%, Gross Profit Margins Expand to 74%

myPhotopipe.com, Inc. (OTC: MPPC), a web-based online provider of digital photo processing and related services, announced its operating results for the first quarter of 2008.

For the three months ended March 31, 2008, revenues increased 26% to $366,329, compared with revenues of $289,869 in the first quarter of 2007. Gross profits increased 42% to $270,373 (73.8% of revenues), versus $189,864 (65.5% of revenues) in the prior-year quarter. The Company reported a net loss of ($73,705) in the most recent quarter, versus a net loss of ($15,753) in the three months ended March 31, 2007.

"myPhotopipe.com continued to post excellent gains in revenues during the most recent quarter, with an increase of 26% over prior-year levels," stated L. Douglas Keeney, Chief Executive Officer of the Company. "That said, a significant design initiative related to the overhaul of our web site made unexpectedly good progress in January, and we elected to accelerate its launch, which in turn necessitated a concurrent increase in our search engine buys. Accordingly, we realized a slightly higher loss for the period than we anticipated, but we have been extremely pleased with the initial results from the new web site, as measured in a sharp increase in customer acquisitions, excellent industry notices, and continued revenue growth during April."

"New product introductions continued at our historical pace, which by any measure is rapid and well accepted by the market. Our gallery wraps and mounted products have been well received by customers, as has our pioneering PRPrintsPro platform that is now being used by many professional sports organizations. myPhotopipe.com's portfolio of greeting cards, a significant vein of revenue that we intend to vigorously mine, has increased by several hundred SKUs since the beginning of the year. Our project to allow local stationery stores to access more than 600 photo greeting cards appears to be progressing towards a beta in the second quarter. And finally, our industry data couldn't be better. Owners of digital cameras are making prints at historically high and growing levels, and online ordering with direct mail delivery is the channel of fulfillment that is expanding significantly faster than retail, kiosks or any other method of purchasing prints."

"We're an online lab serving the needs of professional and serious amateur photographers," continued Keeney. "This is a segment not all of us understand, so allow me this final thought. According to a recent InfoTrends study, professional photographers are themselves a $5 billion industry. They shoot pictures and earn 80%+ of their mean annual revenues of $130,000 by selling photographic prints. What's our value proposition to them? In a nutshell it is as follows. Because they waited for high-end digital cameras, professional photographers were slower than the consumer to switch to digital technology. But now, the switch is underway in earnest. Ironically, at the very same time these photographers are 'going digital', more than half of their local camera stores, where they went for photo processing, have closed, so they are going online to find a new photo processor. What do they see? Photo mousepads and photo coffee mugs and photo t-shirts — all sorts of 'cute' ways to share your photos. That's not what professionals are looking for. They're searching for a lab that focuses on making a top notch, professional print at a price that is competitive to any lab in the nation. That's a description of myPhotopipe.com. That's our value proposition. Using our products our customers can make a living. That's a wonderful position to be in. We believe we're in the right place at the right time, serving a lucrative slice of the digital photography market during a period of extensive brand switching. With persistence and steadfastness, we will emerge as one of the top brands in the business."

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:

May 15 - Carbon Sciences, Inc. Files Quarterly Report with SEC

Net Loss Decreases By 33% for the Quarter

Carbon Sciences, Inc. (OTCBB: CABN), the developer of a breakthrough technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products, announced its results of operations for the quarter ended march 31, 2008 compared to the quarter ended march 31, 2007:

Selling and Marketing Expenses

Selling and Marketing ("S&M") expenses decreased by $142,888 or 48.85% to $149,638 for the three months ended March 31, 2008, compared to the period ended March 31, 2007. The decreased in S&M expenses was due primarily to a decrease in salaries.

General and Administrative Expenses

General and administrative ("G&A") expenses decreased by $2,854 or 6.86% to $38,767 for the three months ended March 31, 2008, compared to the period ended March 31, 2007. The decrease in G&A expenses was due primarily to a decrease in rent expense.

Research and Development

Research and Development ("R&D") costs increased by $41,258 or 4125.80% to $42,258 for the three months ended March 31, 2008, compared to the period ended March 31, 2007. The increase in R&D was the result of testing of product alternatives.

Net Loss

Net Loss for the three months ended March 31, 2008 was $226,315 compared to $337,547 for the period ended March 31, 2007. Currently the Company is in its development stage and had no revenues.

Liquidity and Capital Resources

As of March 31, 2008, we had $720,679 of working capital as compared to $942,782 as of December 31, 2007. This decrease of $222,103 was due primarily to the use of funds for operations, since the company is in the developmental stage and has no revenues.

Cash flow used in operating activities was $198,284 for three months ended March 31, 2008, as compared to cash used of $266,901 for the period ended March 31, 2007. This decrease of $68,617 was primarily attributable to an decrease in salaries.

Cash provided by investing activities was $191,441 for the three months ended March 31, 2008, as compared to cash used of $0 for the period ended March 31, 2007. The increase of cash provided by investing activities was primarily due to withdrawals from certificates of deposits for operating expenses.

Cash provided from financing activities during the three months ended March 31, 2008 and 2007 was $0 and $315,500 respectively. From inception to March 31, 2008, we received a total of $2,228,875 from the sale of shares of our common stock through private placements of shares of common stock pursuant to Subscription Agreements, which we entered into with accredited and/or institutional buyers.

PLAN OF OPERATION AND FINANCING NEEDS

We are developing a technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products. We call this technology GreenCarbon Technology. The Company's management believes that energy and CO2 intensive industries, such as paper production, will welcome this innovative clean technology because it offers two very important benefits — lower cost and carbon neutrality.

Our plan of operation within the next twelve months is to utilize our cash balances to continue research and development of our carbon transformation technology and complete a demonstrable prototype. We believe that our current cash and investment balances will be sufficient to support development activity and general and administrative expenses for the next twelve months. Management estimates that it will require additional cash resources during 2008, based upon its current operating plan and condition. There is no assurance that capital in any form would be available to us, and if available, on terms and conditions that are acceptable. If we are unable to obtain sufficient funds during the next twelve months, we may be forced to reduce the size of our organization, which could have a material adverse impact on, or cause us to curtail and/or cease, the development of our products.

FEATURED COMPANY

USA VIDEO INTERACTIVE CORPORATION (OTCBB: USVO)

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

Company Profile: http://www.otcpicks.com/usa-video/usa-video.htm

USA Video Interactive Corp. ("USVO") designs and markets technology for delivery of digital media. USVO developed its MediaEscort™, MediaSentinel™ and SmartMark™ digital watermarking products and technology to provide a robust means for producers and distributors to invisibly protect their content. USA Video Technology Corp., a wholly owned subsidiary of USVO, holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it has been cited by at least 165 other patents. USVO holds similar patents in Germany, Canada, England, France, Spain, Italy, and Japan. Visit www.usvo.com or the company showcase on Investoideas.com at www.investorideas.com/CO/USVO/Default.asp.

USVO News:

May 15 - USA Video Interactive Corp. Files Quarterly Report with SEC

Sales Rise, Losses Decrease

USA Video Interactive Corp. (OTCBB: USVO) (CDNX: US.V), a company that designs and markets digital watermarking, streaming video and video-on-demand systems, services and source-to-destination digital media delivery solutions to business customers, announced its results of operations for the quarter ended march 31, 2008 compared to the quarter ended march 31, 2007:

Sales

Sales for the three-month period ended March 31, 2008 and March 31, 2007 were $6,000 and $0, respectively. Revenues were generated from Software License Agreement from our Smartmark™ Software.

Cost of Sales

The cost of sales for the three months ended March 31, 2008 and March 31, 2007 were $750 and $0, respectively. Costs are the royalties on our video watermarking license agreement with Digimarc Corporation.

Selling, General and Administrative Expenses

Selling, general and administrative expenses, consisting of product marketing expenses, consulting fees, office, professional fees and other expenses to execute our business plan and for our day-to-day operations, decreased in the three months ending March 31, 2008. We have a contract for our Smartmark™ Software and delivered acceptable release to start billing. Product marketing costs decreased due to management's decision to direct our efforts toward the current customer. Administrative expenses have decreased as a result.

Selling, general and administrative expenses for the three months ended March 31, 2008 decreased $39,163 to $228,625 from $267,788 for the three months ended March 31, 2007. The overall decrease was the result of product marketing costs. Other costs increased for the three months ended March 31, 2008

Product marketing expenses for the three months ended March 31, 2008, decreased to $26,241 from $87,889 for the comparable period in 2007. The decrease was due to management's decision to direct our efforts towards our current customer.

Professional expenses for the three months ended March 31, 2008, increased to $59,714 from $49,294 for the comparable period of 2007. The increased costs in the first quarter of 2008 were due to the patent infringement lawsuit.

We have arranged for additional staff and consultants to engage in marketing activities in an effort to identify and assess appropriate market segments, develop business arrangements with prospective partners, create awareness of new products and services, and communicate to the industry and potential customers.
Other components of selling, general and administrative expense did not change significantly.

Research and Development Expenses

Research and development expenses consisted primarily of contractors, compensation, hardware, software, licensing fees, and new product applications for our proprietary MediaSentinel™. Research and development expenses decreased to $29,350 for the three months ended March 31, 2008, from $39,753 for the comparable period in 2007. The decrease was the result of a concentration in one application of research and development efforts for MediaSentinel™.

Non-Cash Compensation Charges

Non-cash compensation charges for the three months ended March 31, 2008 were $37,650, compared to $29,675 for the comparable period in 2007. The amount for the three months ended March 31, 2008 was due to the issuance of stock options to an employee.

Net Losses

To date, we have not achieved profitability and, we expect to incur substantial net losses for at least the remainder of 2008. Our net loss for the three months ended March 31, 2008 was $253,305, compared with a net loss of $308,261 for the three months ended March 31, 2007. The decrease in losses is directly related to the decrease in marketing costs.

Liquidity and Capital Resources

At March 31, 2008, we had a cash position of $8,510, compared to $36,700 at December 31, 2007. We anticipate capital requirements of $500,000 for the continued development of our MediaSentinel™ products, $500,000 for commercialization of our MediaSentinel™ products and $500,000 for costs associated with the infringement lawsuit.

We will require additional financing to fund current operations through fiscal 2008. We have historically satisfied our capital needs primarily by issuing equity securities. We will require an additional $1.25 million to $1.75 million to finance operations through fiscal 2008 and we intend to seek such financing through sales of our equity securities. Subsequent to the three months ended March 31, 2008, we raised an aggregate of $106,575 through the exercise of warrants.

Assuming the aforementioned $1.25 million to $1.75 million in financing is obtained, we believe that continuing operations for the longer term will be supported through anticipated licensing revenues and through additional sales of our securities. We have no binding commitments or arrangements for additional financing, and there is no assurance that we will be able to obtain any additional financing on terms acceptable to us, if at all.

FEATURED COMPANY

QUOTEMEDIA INC. (OTCBB: QMCI)

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

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

QuoteMedia, Inc. is a leading software developer and provider of real-time streaming financial market information, decision-support, news and research solutions to brokerage, financial services companies, business and media corporations. Among its many leading-edge products lines, the Company offers data feeds, news, dynamic market content solutions, interactive stock research tools, financial applications and real-time wireless applications. QuoteMedia provides data and services for companies such as the NASDAQ, the OTCBB, Dow Jones & Company, Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark, Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment Research, Automated Financial Systems, WallStreet*E, and others. For more information, visit www.quotemedia.com.

QMCI News:

May 15 - QuoteMedia Reports 45% Increase in Revenue for Q1 2008

QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of market data and financial applications, announced financial results for the three months ended March 31, 2008. These results reflect a 45% increase in first quarter revenues, to $1,687,675 from $1,160,700 in the comparative period in 2007.

“The significant revenue growth during the quarter resulted from increased sales of our Interactive Content and Data Applications as well as from increased subscriptions to our Quotestream products,” says Keith Guelpa, president of QuoteMedia, Inc. “This is our 20th consecutive quarter of revenue growth, reflecting the strong continuing market penetration of our full line of financial data products and the increasing depth of our data offerings, which now cover over 70 exchanges worldwide. We expect that our customer base will continue to expand dramatically and our trend of strong revenue increases, quarter over quarter, to continue into the foreseeable future.”

“During the first quarter, QuoteMedia built on the momentum that was increasingly established during 2007. During the quarter, we continued to introduce Quotestream II to the market in limited, but increasing release. Quotestream II represents a new generation of our portfolio management system, with enhanced features and functionality. The Company also commenced limited release of Quotestream Professional which was substantially completed during 2007. Where Quotestream II is geared towards providing a professional level experience to non-professional users, Quotestream Professional is designed specifically for use by financial services professionals, offering unparalleled functionality at extremely aggressive pricing.”

“We remain focused on our revenue growing strategies,” says Guelpa. “Our plan of operation for the remainder of 2008 will center on marketing Quotestream II for deployments by brokerage firms to their clients, and moving strongly into the investment professional market with Quotestream Professional. We also plan to release additional international data sets and continue the market penetration of our Data Feed Services. We will continue to license our Quotestream Wireless applications and add new data content to expand our line of Interactive Content and Data Applications.”

“As previously forecasted, and consistent with our focus on expansion, we experienced a loss for the quarter of $354,919 compared to a loss of $372,085 in the comparative period. While we expect that we will continue to incur losses in the short term, we expect our revenues will continue to rise significantly in 2008 and overtake the increased cost commitments that we have undertaken to support our rapid development. Our improvement in gross margin rate to 58% compared to 56%, in the first quarter of 2007, reflects the stabilization of our fixed cost structures as revenues continue to increase. We expect our costs of revenue to continue to reduce as a percentage of revenues generated. We are very pleased with our progress to date, and we believe that we are on target to meet our near and long term objectives,” says Guelpa.

FEATURED COMPANY

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
"Up 14.29% in morning trading"

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

Company Profile:
http://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:

May 13 - Monogram Energy Inc. Continues to Produce in Corsicana, Texas

Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the Company will begin workovers on 3 additional wells early next week in Corsicana, Texas. These wells are part of the T.W. Martin lease and are expected to produce an estimated 270 barrels a month. The workover is expected to take one week to complete and will increase the total number of wells in production to eight. The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County, which produces around 600,000 barrels annually.

"These next three wells should provide us with some nice operating cash flow," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. 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.

STOCKS TO WATCH

PHARMACOPEIA INCORPORATED (NASD: PCOP)
"Up 45.91% in morning trading"

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

Pharmacopeia, Inc., a biopharmaceutical company, engages in the discovery and development of therapeutics to address significant medical needs. Its internal program portfolio comprises PS433540, a dual-acting angiotensin and endothelin receptor antagonist, which is in phase II clinical development for the treatment of cardiovascular and renal diseases, including hypertension and diabetic nephropathy; and PS178990, a muscle selective SARM agonists that is in phase I clinical development. The company's products also include PS031291, a preclinical development product for the treatment of multiple myeloma and various inflammatory diseases, including rheumatoid arthritis; and JAK3 inhibitors for T-cell and cytokine mediated dermatologic and ocular diseases, such as psoriasis and dry eye. Pharmacopeia has strategic alliances with Bristol-Myers Squibb, Celgene, Cephalon, GlaxoSmithKline, Schering-Plough, and Wyeth Pharmaceuticals. The company was founded in 1993. It was formerly known as Pharmacopeia Drug Discovery, Inc. and changed its name to Pharmacopeia, Inc. in 2007. Pharmacopeia is based in Princeton, New Jersey.

PCOP News:

May 16 - Pharmacopeia's First-in-Class Investigational Therapy PS433540 Achieves Statistically Significant Reductions in Blood Pressure in Hypertensive Patients

Single Molecule with Dual Mechanism May Offer Novel Approach to Blood Pressure Management

Pharmacopeia (NASD: PCOP), an innovator in the discovery and development of novel small molecule therapeutics, announced today that PS433540, its first-in-class Dual Acting Receptor Antagonist (DARA), showed statistically significant blood pressure reductions in a Phase 2a study in patients with mild to moderate hypertension. PS433540 is being developed as a potential treatment for both hypertension and diabetic nephropathy and is a novel blood pressure product candidate that possesses two validated mechanisms of action in a single molecule. The data will be presented today at the Recent and Late Breaking Clinical Trials Session at the American Society of Hypertension (ASH) Twenty-Third Annual Scientific Meeting and Exposition in New Orleans.

The Phase 2a study met its primary endpoint by showing a statistically significant reduction in mean 24-hour systolic ambulatory blood pressure over placebo. The study also showed statistically significant improvements over placebo in mean 24-hour diastolic ambulatory blood pressure as well as seated blood pressure. In this double-blind, placebo-controlled study, patients treated with 200 mg of PS433540 once daily experienced a 12/9mmHg drop in mean 24-hour systolic and diastolic blood pressure and those treated with 500 mg experienced a 15/10mmHg drop in mean 24-hour systolic and diastolic blood pressure. These reductions were highly statistically significant vs. placebo (P<0.001). Mean seated office systolic and diastolic blood pressure, the typical blood pressure measure, was also evaluated, with observed blood pressure drops of 17/11mmHg with the 200 mg dose and 17/10mmHg with the 500 mg dose (P<0.001 vs. placebo).

Once-daily treatment with 200 or 500 mg of PS433540 was well tolerated. Most of the adverse events reported were mild or moderate in severity and included headaches and minor musculoskeletal and respiratory complaints. All of these events occurred with similar frequency in the three treatment groups. There was one case of peripheral edema in the placebo arm and one case of peripheral edema in one of the treated arms. There were no increases in liver enzymes above 2 times the upper limit of normal. On average, liver enzyme levels tended to decrease from baseline in the treated arms. There were no serious adverse events on PS433540 treatment. Three subjects discontinued therapy for adverse events, all of which were in the placebo group.

The leading, single-therapy antihypertensives across a broad range of classes, according to their labels, have the ability to lower seated office blood pressure up to 12/8mmHg.(1) Data show that a 2mmHg reduction in blood pressure decreases the average death rate from coronary heart disease by an estimated 4 percent and stroke by 6 percent.(2)

"These positive results indicate that PS433540 may be a unique new treatment option for physicians and patients," said Joel Neutel, M.D., Associate Professor of Medicine in the Department of Medicine at the University of California in Irvine, and Medical Director of Clinical Pharmacology at the Orange County Research Center in Tustin, CA, who was the lead investigator of the Phase 2a study. "The magnitude of the blood pressure reductions we saw in this study were very impressive, and we look forward to further evaluating the benefits of this novel compound."

An estimated 73 million Americans suffer from high blood pressure, a major risk factor for cardiovascular events and heart disease.(3) More than half of people diagnosed and treated with high blood pressure never reach suggested treatment goals and those who do often require two or more medications.(4) PS433540 is the first and only compound specifically designed to incorporate two proven mechanisms — endothelin (ETA) and angiotensin (AT1) receptor blockade — in one molecule to treat high blood pressure.

"We are very pleased with the results of this important Phase 2a trial and look forward to future studies which will further assess the potential of PS433540, perhaps even beyond blood pressure lowering," said Joseph A. Mollica, Ph.D., Chairman of the Board and Interim President and Chief Executive Officer of Pharmacopeia. "We believe PS433540's dual mechanism of action may have a positive effect on diabetic kidney disease."

Patients with diabetes are at an increased risk for many complications, including high blood pressure and diabetic kidney disease. Up to 73 percent of patients with diabetes have been or are being treated for high blood pressure,(5) and an estimated 20-30 percent of diabetic patients will progress to diabetic kidney disease,(6) a devastating disease that may require patients to undergo dialysis or a kidney transplant.(7)

Pharmacopeia recently initiated a 12-week, Phase 2b clinical trial with PS433540 to evaluate the compound's safety and efficacy at three different doses versus placebo in 375 subjects with Stage I and Stage II hypertension. The study will also compare blood pressure reductions for each dose with irbesartan. Pharmacopeia anticipates completion of the Phase 2b trial at the end of 2008.

ABOUT THE PHASE 2A STUDY

In this prospective study, 234 men and women with Stage I and Stage II hypertension entered into a single blind placebo run-in period for 3-4 weeks, after which 114 were randomized to receive double blind study medication for four weeks. At the time of the database lock, 108 subjects were available for evaluation, 93 of whom had both baseline and follow-up ambulatory blood pressure measurements (placebo: 25; PS433540 200mg: 35; PS433540 500mg: 33). The primary endpoint was the subjects' change from baseline in mean 24-hour systolic ambulatory blood pressure after 4 weeks of treatment. Additionally, investigators evaluated 24-hour diastolic ambulatory blood pressure and mean seated office systolic and diastolic blood pressure as well as a number of other endpoints.

ABOUT PS433540

PS433540 is the first and only blood pressure product candidate in a new class of antihypertensives known as Dual Acting Receptor Antagonists (DARAs). PS433540 is being developed as a potential treatment for hypertension and diabetic nephropathy. PS433540 possesses two clinically validated mechanisms of action in a single molecule. There is preclinical and initial clinical data suggesting that compared to either mechanism alone, simultaneously blocking angiotensin II and endothelin 1 at their respective receptors, AT1 and ETA, may provide an improved treatment option for several cardiovascular diseases. Because PS433540 is highly selective for the AT1 and ETA receptors it is able to block the blood pressure-raising actions of angiotensin and endothelin when they bind to these receptors.

CHINA PRECISION STEEL INCORPORATED (NASD: CPSL)
"Up 30.88% in morning trading"

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

China Precision Steel, Inc., a steel processing company, engages in the manufacture and sale of high precision cold-rolled steel products in China. The company produces and sells precision ultra-thin and high strength cold-rolled steel products with thicknesses ranging from 7.5 mm to 0.03 mm. It also provides heat treatment and cutting of medium and high carbon hot-rolled steel strips. The company's precision products are primarily used in the manufacture of automobile parts and components, plane friction discs, appliances, food packaging materials, saw blades, textile needles, microelectronics, packing, and containers. It sells its products in China, Nigeria, Thailand, Indonesia, and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong.

CPSL News:

May 16 - China Precision Steel Announces Third Quarter Fiscal 2008 Results

China Precision Steel (NASD: CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, announced today its results for the third quarter of fiscal 2008 ended March 31, 2008.

2008 Third Fiscal Quarter Highlights:

* Revenue grew 61.3% year-over-year to $18.7 million.
* Gross profit increased 58.0% to $5.3 million and gross margin was
   28.4%
* Income from operations increased 136.9% to $4.4 million
* Net income was $4.6 million, or $0.10 per fully diluted share, up
   231.1% year-over-year
* Exports accounted for 19.0% of revenue, up from 2.3% a year ago

''Our strong sales growth in exports of low-carbon, hard-rolled products and subcontracting work significantly increased our total revenue to a record level. We maintained our gross margin and saw a significant improvement in operating margin during the quarter, which flowed through to our bottom line,'' commented Dr. Wo Hing Li, China Precision Steel's Chairman and CEO. ''As our new 1400 cm cold rolled mill ramps up capacity, we are actively developing new products for new markets.''

Revenues for the third quarter of fiscal 2008 were $18.7 million, up 61.3% from $11.6 million in the third quarter last year. The increase in sales revenue is due to increased production and exports of low carbon hard-rolled steel coils and subcontracting income during the quarter. High carbon and low carbon products accounted for 29.1% and 47.7% of sales, respectively, compared to 51.0% and 47.3%, respectively, in the same period a year ago. Subcontracting income accounted for 21.6% of sales in the third quarter of 2008.

Gross profit for the quarter was $5.3 million, up 58.0% from $3.4 million for the same period a year ago. Gross margin was 28.4% down slightly from 29.0% in the third quarter of fiscal 2007. The minor decrease in gross profit margin was mainly attributed to changes in the mix of products sold during the quarter. Operating expenses were $930,000, down 38.6% from $1.5 million in the third quarter of fiscal 2007, primarily due to a decrease in administrative expenses from lower compliance costs and professional fees. Selling expenses were $203,447, up from $92,315 in the third quarter of fiscal 2007 due to an increase in delivery charges resulting from an increase in exported products associated with a broader, international customer base. As a percentage of revenue, operating expenses were 5.0% in the third quarter of fiscal 2008, compared to 13.0% in the same quarter a year ago.

Operating income was $4.4 million, up 136.9% from $1.9 million in the third quarter of fiscal 2007. Operating margin increased to 23.5% from 16.0% in the year ago period.

During the quarter, the Company recorded an income tax benefit of ($491,179), including $1.6 million in current income tax expense which was offset by a $2.1 million in deferred taxes.

Net income for the third quarter 2008 was $4.6 million, or $0.10 per diluted share, up 231.1% from $1.4 million, or $0.05 per diluted share, in the same period a year ago. Fully diluted weighted average shares outstanding increased to 46.4 million for the quarter from 29.4 million in the first quarter 2007 due to private placement financings in February and November 2007.

Nine Month Financial Results

Revenues for the first nine months of fiscal 2008 were $59.2 million, up 59.4% from revenues of $37.1 million in the first nine months of fiscal 2007. Gross profit was $17.0 million, up 62.2% from gross profit of $10.5 million for the nine months of fiscal 2007. Gross margin increased to 28.7%, from 28.2% for the same period a year ago. Operating income was $13.8 million, up 69.0% from $8.2 million in the first nine months of fiscal 2007. Net income was $12.7 million, or $0.30 per fully diluted share, compared to $7.4 million, or $0.29 per fully diluted share, in the same period a year ago. Fully diluted weighted average shares outstanding were 42.6 million compared to 26.0 million in the first nine months of fiscal 2007.

Financial Condition

As of March 31, 2008, China Precision Steel had $14.3 million in cash and cash equivalents, no long term debt, total liabilities of $46.1 million and working capital of $61.2 million. Shareholders' equity was $111.1 million compared to $51.1 million as of June 30, 2007.

During the third quarter, in view of the recent iron ore price surge and tighter supply of hot-rolled steel coils in the market, China Precision Steel has increased purchase quantities directly from its major and strategic supplier, Baosteel Group, with the aim of ensuring a stable raw material supply and mitigating the impact of expected increases in the cost of raw materials. As the contract terms with Baosteel are 100% payment in advance, this is the primary reason for the $26.8 million increase in advances to suppliers as of March 31, 2008.

Business Outlook

China Precision Steel's 1400 mm cold-roll mill with 150,000 metric tons of design capacity became operational at the beginning of October 2006 and is currently operating at 50% utilization. The cold-roll mill is expected to take another two years to realize its maximum production capacity. In the remainder of calendar 2008, the Company intends to invest in a new continuous annealing line for producing high quality stainless steel and a new 1700mm cold roll mill at its facilities in Shanghai. Capital expenditures related to these projects are expected to be $20 million.

''We continue our strive to find an appropriate sales mix that provides us with improved profitability and stability of cash flows, along with the higher margin provided by high precision and individually customized cold-rolled steel products,'' commented Dr. Li. ''With the addition of the continuous annealing line, we will be able to expand our product line to include higher margin, cold-rolled stainless steel. Our strong R&D capabilities and ability to develop precision products provide us with competitive advantages to continue to strengthen our position in the market and improve profitability in the long term.''

CHINA WIND SYSTEMS INCORPORATED (OTCBB: CWSI)
"Up 31.59% in morning trading"

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

China Wind Systems, through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, manufactures and sells industrial equipment for use in the textile and energy related industries in China. Since August 2007, the Company has shifted its strategy to focus on the growing wind energy industry in China, and has begun to supply high precision rolled rings to companies in the wind power energy industry.

CWSI News:

May 15 - China Wind Systems, Inc. Reports First Quarter 2008 Results

China Wind Systems, Inc. (OTCBB: CWSI) ("China Wind Systems" or the "Company"), which through its wholly owned subsidiaries and variable interest entities manufactures and sells industrial machines for use in the textile and energy related industries in the People's Republic of China, announced its financial results for the first quarter ended March 31, 2008.

First Quarter 2008 Highlights:

* Net revenues increased 104.6% year-over-year to $8.4 million
* Gross profit increased 103.8% year-over-year to $2.2 million
* Net loss allocable to common shareholders, after a $2.9 million non-
   cash deemed preferred dividend, totaled $(4.1) million, or $(0.11)
   per diluted share
* Adjusting for non-cash items such as interest expense of $2.3
   million and a deemed preferred dividend of $2.9 million, non-GAAP
   net income was $1.0 million, or $0.03 per diluted share.
* Revenue from the forging of rolled rings, for the wind power and
   other industries grew from $0 in the March Quarter of 2007 to $3.2
   million in the March Quarter of 2008.

"Last quarter we made progress in executing our long term strategy, which is to expand our products to offer products and services for the wind power industry. During 2007, we began to generate revenue from the forging of rolled rings, for the wind power and other industries. These activities accounted for $3,204,266, or 37.9% of total revenue for the three months ended March 31, 2008, of which approximately 30% are used for the wind industry. Wind industries revenues accounted for $1,902,916, or 7.8% of revenues for the year ended December 31, 2007. Management estimates that 25% of rings in 2007 and 30% of rings in the March Quarter of 2008 are for use in the wind industry. We presently only perform forging services relating to rolled rings, but intend to be in a position to manufacture these components internally in the fall of 2008," said Mr. Jianhua Wu, Chairman and CEO of China Wind Systems. Further, he said, "To increase oversight, we elected two new independent members to our board of directors who are serving on our audit and compensation committees."

First Quarter 2008 Results

Total revenue for the first quarter of 2008 totaled $8.4 million, up 104.6% from $4.1 million in the three month period ended March 31, 2007. The increase in total revenue was attributable to increases from both segments: dyeing and finishing equipment and electric power equipment. Revenues from the electric power equipment segment increased to $3.8 million from $0.3 million a year ago. Revenues from dyeing and finishing equipment increased 20% to $4.7 million from $3.9 million a year ago, due to marketing efforts focused on developing new customers and making follow-on sales to existing customers.

Gross profit for the first quarter of 2008 was $2.2 million, an increase of 103.8% from $1.1 million for the three months ended March 31, 2007. Gross margin was 25.7% for the first quarter of 2008, compared to 25.8% for the prior year period. Gross profit for dyeing was $1.2 million for the first quarter 2008 compared to $1.0 million for the same period prior year, representing gross margin of approximately 26.1% and 25.8%, respectively. Gross profit for the electrical power equipment segment was $1.0 million for the first quarter 2008 compared to $0.1 for the same period prior year.

Operating expenses were $0.7 million in the first quarter of 2008, compared to $0.2 million a year ago. Selling, general and administrative expenses for the first quarter of 2008 totaled $0.6 million, compared to $0.1 million a year ago, primarily due to increased professional fees associated with being a public company and higher payroll and related benefits.

Operating income for the first quarter of 2008 totaled $1.5 million, a 66.6% increase from $0.9 million for the same period prior year.

Net loss, including non-cash items such as interest expense related to amortization of debt discount of $2.3 million and a deemed preferred dividend of $2.9 million, for the first quarter of 2008 was ($4.1) million, or ($0.11) per fully diluted share, compared to net income of $0.6 million, or $0.02 per fully diluted share, for the three months ended March 31, 2007. Adjusting net loss for the non-cash items related to the amortization of debt discount to interest expense and the deemed preferred dividend, non-GAAP net income was $1.0 million, or $0.03 per fully diluted share. Earnings per share were calculated using a diluted weighted share count of 37.5 million shares for the first quarter of 2008 and 36.6 million shares for the first quarter of 2007. The increase in weighted average shares includes the impact of the reverse merger transaction and private placement in November 2007 as well as the issuance of common shares for services.

Financial Condition

As of March 31, 2008, the Company had cash and cash equivalents of $2.6 million and working capital of $7.4 million. Accounts receivable were $3.5 million. At March 31, 2008, the Company had $1.0 million in short-term loans payable and stockholders' equity of $26.8 million.

Business Outlook

"In 2008, we expect to significantly increase our revenues generated from our electric power equipment business and our wind power business. We have been evaluating working relationships with leading wind energy companies in China to supply wind components. We are on track to complete the first phase of our expansion plan and expect to manufacture larger forged rolled rings and shafts at our facilities by October 2008," concluded Mr. Jianhua Wu, CEO of China Wind Systems.

In 2008, the Company expects $40.0 million in revenues and $7.0 million in net income after a 25% tax rate, or $0.11 per share based on 62.9 million weighted average diluted share count.

Use of Non-GAAP Financial Measures

GAAP results for the quarter ended March 31, 2008 include a one-time, non- cash interest expense related to the amortization of debt discount in the amount of $2.3 million and a non cash deemed preferred stock dividend in the amount of $2.9 million. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non- GAAP financial information excluding the impact of these items in this release, non-GAAP net income available to common shareholders and diluted earnings per share. The Company's management believes that these non-GAAP measures provide investors with a better understanding of how the results relate to the Company's historical performance. A reconciliation of the adjustments to GAAP results appears in the table accompanying this press release. This additional non-GAAP information is not meant to be considered as a substitute for GAAP financials. The non-GAAP financial information that the Company provides also may differ from the non-GAAP information provided by other companies.

PINE RIDGE HOLDINGS INCORPORATED (OTC: PINR)
"Up 84.62% in morning trading"

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

Pine Ridge specializes in the development and management of real estate projects. Pine Ridge currently manages Pine Ridge Racquet Club and owns Pine Ridge Fitness Club located in Fort Wayne, Indiana, a seven court, full service indoor tennis facility and Pine Ridge Fitness Club is a 12,000 square foot, premier fitness facility currently employing 35 people. In addition, the Company manages the tennis operations for Pine Valley Country Club, Fort Wayne, Indiana and a four court, indoor tennis facility in Warsaw, Indiana.

PINR News:

May 12 - Pine Ridge Holdings, Inc Open Letter From the CEO

Pine Ridge Holdings, Inc. (OTC: PINR) CEO Kevin May, writes:

This week Pine Ridge Holdings began trading under its new symbol and structure. As with all things new, questions and issues come up. At the end of this first week I would like to publicly share my business philosophy, goals for PINR and some next steps.

I won't take up space discussing my bio or past business ventures as that is available to all. I will state that for the past twenty years I have been associated with a variety of start ups and new ventures — all with the intent to either sell for a nice profit — or to make profitable as quickly as possible with the intent to increase value. To date, those ventures have been successful and my intent with PINR is no less.

For 5 years I have put a considerable amount of my own funds into starting Pine Ridge Racquet and Fitness Club. It is a state of the art facility that I am very proud of and has grown in size each year. Today we have 35 employees and more than 1600 members. It has been exciting watching it move from idea to viable business.

As I looked at the other ventures that I was involved in and my growing network, I knew that I wanted to be more than the owner of a tennis and fitness club. As I learned more about pink sheets, I saw that it would provide a good launching pad in the publicly traded world to begin drawing in all of these other ideas. Thus, Pine Ridge Holdings was formed — with the racquet and tennis clubs being the first acquisition.

At the risk of offending other pink sheet companies (because I know that many are legitimate growing ventures), my goal was to take a first step in the public sector and grow naturally. As I have shared, Brian Kistler, also of Fort Wayne has helped me in this process as well as helped other local companies.

Although companies truly are all about the shareholders, my goal is not to throw press releases at every turn just to affect share price. Communication is important, however and I will regularly update the shareholders with the progress of the company.

I'll end by letting everyone know that we do have our eyes on a variety of new acquisitions. I have a great team in place growing the racquet and fitness business so I can turn my efforts to my own network and review which companies or parts of companies we may want to acquire. This is why Pine Ridge Holdings was created.

These are exciting days and I hope that as shareholders you are as excited as I am. I'll keep all posted each step of the way and look forward to our mutual future success.

ENZYME ENVIRONMENTAL SOLUTIONS (OTC: EESO)
"Up 31.43% in morning trading"

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

Enzyme Environmental Solutions is a U.S.-based manufacturer of industrial and agricultural enzyme products. All manufacturing, testing, and formulating are conducted in its manufacturing plant, located in Fort Wayne, Indiana. EESO strives to become a leader in ecological friendly or “green products” targeting the industrial and agricultural markets. It is the company's goal to have the best performing products on the market in each industry. Developing a growing and satisfied customer base is its number one marketing strategy.

EESO News:

May 16 - Enzyme Environmental Solutions Announces Midwest Distributor Agreement

Enzyme Environmental Solutions Inc. (OTC: EESO) CEO Jared Hochstedler announced that the company (in keeping with its contacts in the Convenience store industry) has finalized the agreement to be a distributor for all of the Midwest for Potencia Energy Drink.

Potencia Energy Drink is an up and coming rapidly growing supplier of the only energy drink directly targeting the Hispanic market. Potencia has distribution agreements and supplies all of the major retail chains in Mexico. The Hispanic energy drink market is exploding in the United States as well as in Mexico.

Brian Weber, Co-Owner Potencia Energy Drink (www.potenciaenergydrink.com), holds a Bachelor of Science and is a former NASCAR race car driver and team owner.

Weber stated, "We have created a very nice synergistic alliance with EESO. They have a great footprint in the Midwest Convenience Stores and we have a very strong footprint with the major retail chains in Mexico. As Jared and I discussed how we can assist each other, opening our distribution networks and sharing warehousing with each other allows for a very efficient way to open new markets for both companies."

"Brian Weber and I were in Mexico recently and as a result I am looking forward to releasing further contract information in the coming days. As mentioned earlier our fully automated bottling machine has been delivered and we expect it to be operational no later than weeks end. I hope these recent events will demonstrate my desire to build shareholder value. I trust all shareholders will be pleased with our results," stated Hochstedler.

Hochstedler further stated, "I understand that there is some misunderstanding why I am pursuing the C-Store Beverage business. For those that do not understand, obtaining shelf space in the retail market is the key to success. Once you have an in to the shelf space it becomes a matter of placing items that will sell the best. The C-Store industry, with the help of Bill and Owen, is becoming a huge opening for EESO product placement and in my view it does not matter whether it is enzyme based or otherwise. I said from the beginning I am focused on sales."

PILGRIM PETROLEUM CORPORATION (OTC: PGPM)
"Up 20.00% in morning trading"

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

Pilgrim Petroleum Corporation is a publicly traded company headquartered in Dallas, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights and surface interest's primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.

PGPM News:

May 16 - Pilgrim Petroleum Files a Drilling Permit on Wilbarger County

Pilgrim Petroleum Corporation (OTC: PGPM) (Frankfurt: PHV.F) announced that it has filed a drilling permit on its recently acquired Mulloy Estate Lease located in Palo Duro natural gas resource basin in North Texas, Wilbarger County.

The Palo Duro Basin is located in the Texas Panhandle district and is bound on the north by the Amarillo-Wichita Uplift in Oklahoma, to the south by the Matador Arch-Permian Basin in West Texas. The Palo Duro Basin prospect, which is currently being evaluated for further development, has been compared to the Barnett Shale discovery. Barnett Shale is estimated to contain some 30 trillion cubic feet of natural gas. Management believes Palo Duro could prove to be one of the largest natural gas deposits in North America.

Currently, Pilgrim Petroleum has modest levels of production from this property and will start to use enhanced oil recovery techniques to boost additional production levels in the area.

LATITUDE INDUSTRIES INCORPORATED (OTC: LTDI)
"Up 25.00% in morning trading"

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

Latitude Industries, Inc. was founded by the Hernandez family in December of 1995 under Stealth Marine Inc.; the company built more than 30 boats between 1995 and 1998. In 1998, a joint venture between Midnight Express and Navigator Powerboats, a subsidiary of Latitude Industries, Inc., was founded to build the 39' and the 37' Wide Body Midnight Express. Since 1998 to the present, we have built more than 200 boats. This venture led to a government contract to build more than 40 Midnight Express 39' Center Consoles for the U.S. Customs and Homeland Security to patrol the coast of the United States, the Caribbean, and the Gulf of Mexico.

LTDI News:

May 16 - Latitude Industries, Inc. Provides Shareholder Update

Latitude Industries, Inc. (OTC: LTDI), a manufacturer of high-performance, center console powerboats, would like to update current and prospective shareholders of the current share structure as recently updated on Pink Sheets.

Latitude Industries' share structure as of May 15th, 2008 is as follows:

1) 2,000,000,000 Authorized Shares
2) 847,408,357 Shares Free Trading
3) 500 million Control Block in certificate form issued 5/8/08 under an escrow agreement
4) 632,359,482 restricted shares
5) 619,088,215 shares currently in CEDE as of May15, 2008 — this number represents the float of LTDI.

Carolina Hernandez, the company's CEO, comments, "Management is very excited about the direction of the company and felt that it was important that all current and future investors receive accurate information. We are pleased to disclose that management has not sold any of its shareholdings.

"We are a fast growing company that is now moving into the national spotlight of the power boating industry. We affirm that we are on the right path to obtain the projected 6 million in yearly revenue figure given in a PR earlier this week."