OTCPicks.com

FEATURED COMPANY

USA SUPERIOR ENERGY (OTCBB: USSUE)

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

Company Profile:
http://www.otcpicks.com/usa-superior-energy/usa-superior-energy-3.htm

USA Superior Energy Holdings, Inc., a development stage company, operates in the energy industry in the United States. The company, through its wholly owned subsidiary, USA Superior Energy, Inc., engages in the development, ownership, and operation of prospects and energy projects in East and Southeast Texas. It also focuses on using nitrogen technology to recharge and produce oil and gas from under-pressured partially depleted reservoirs. The company was founded in 2005 and is based in Houston, Texas.

USSUE News:

May 16 - USA Superior Energy Holdings, Inc. Files Annual Report with SEC

USA Superior Energy Holdings, Inc. (OTCBB: USSUE), a development stage company operating in the energy industry in the United States, announced its results for fiscal year 2007:

Revenue

We produced 3,854 barrels of oil and recognized revenue of $230,000 during the year ended December 31, 2007. Because we only acquired our operating assets during fiscal year 2007, we had no comparable revenue figures for our fiscal year 2006.

Lease Operating Expense and Production Taxes

Our production costs totaled $171,000 during 2007. Because we only acquired our operating assets during fiscal year 2007, we had no comparable cost figures for 2006.

Accretion of Asset Retirement Obligation

Accretion expense for fiscal year 2007 was $8,000, as compared to $1,000 for fiscal year 2006. This reflects our acquisition of the Bastrop and Caldwell County properties during 2007.

Depletion, depreciation and amortization (DD&A) For our fiscal year 2007, we recorded DD&A expense of $53,000, after having recorded no DD&A expense during 2006. Virtually all of this expense was attributable to depletion of our oil and gas properties, which were acquired during 2007.

General and Administrative (G&A) Expense

General and administrative expense for fiscal year 2007 increased $6,442,000 from the comparable 2006 period to $6,699,000. The largest portion of the 2007 total was comprised of stock based compensation of $5,680,000 related to the reverse merger and compensation of employees and consultants. The other major component of 2007 general and administrative costs included salaries of $361,000. During 2006, the primary components of our general and administrative expenses were salaries, contract labor and legal and professional expenses.

Other Income/Expense

Other income/expense for fiscal year 2007 totaled an expense of $481,000 primarily related to the loss on extinguishment of debt of $404,000. We also incurred interest expense of $92,000 during 2007.

Net Loss

For the fiscal year 2007, our net loss increased to $7,146,000, compared to our 2006 net loss of $260,000. The major components of the 2007 loss were general and administrative expenses of $6,699,000 including stock based compensation of $5,680,000.

FEATURED COMPANY

CARBON SCIENCES INCORPORATED (OTCBB: CABN)
"Up 27.78% in morning trading"

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 19 - Beacon Equity Research Reaffirms 'Speculative Buy' for Carbon Sciences Inc.

Carbon Sciences Inc. (OTCBB: CABN) has been reaffirmed a "Speculative Buy" by Beacon Equity Research Analyst Victor Sula, Ph.D.

The full report is available at http://www.BeaconEquity.com.

In the report, the analyst writes, “Since our initial report in November 2007, CABN has announced an exciting new application for the Company’s CO2 transformation technology. Targeting the multi-billion dollar PCC production market should greatly enhance CABN’s visibility and provide a source of near-term revenues. We regard CABN as a long-term investment play whose value lies in its innovative technology and huge potential market. Both of these long-term growth drivers remain intact in 2008.”

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 19 - Digital Media and Technology Investor Podcast With Gerry Kaufhold, Founder and Analyst at In-Stat's Converging Markets and Technologies Information Research Service

"Investors Should Follow Three Key Trends: Blue Ray Optical Discs, Social Networks With High Definition Video Sharing and Electronic Delivery of High Quality Digital Media"

www.DigitalMediaStocks.com, an investor and industry portal for the digital media sector within Investorideas.com, features an investor Podcast with Gerry Kaufhold, founder and Principal Analyst at In-Stat's Converging Markets And Technologies Information Research Service. Currently, his focus is forecasting the growth of Markets for Multimedia Broadband service, which entails covering Cable TV, digital telephone systems, digital terrestrial broadcast networks, and wireless cable TV and video game consoles.

Digital media companies discussed in the interview include watermarking company, USA Video Interactive Corp. (OTCBB: USVO) (CDNX: US.V), Philips Electronics Data Mark Technologies (www.datamark-tech.com), Twentieth Century Fox Home Entertainment, a subsidiary of Twentieth Century Fox Film Corporation, a News Corp. company and CBS Corp.'s, planned $1.8 billion acquisition of CNET Networks Inc.

Mr. Kaufhold has successfully predicted some notable technology trends, including the growth of CD-ROM drive for personal computers, as well as market shares for worldwide unit shipments of MPEG-related semiconductor devices. Discussing trends moving forward, Mr. Kaufhold notes, "Three key areas of growth for emerging digital content include: Blue Ray Optical Discs and Blue Ray TV and Movie titles coming from the studios, Social Networks with high definition video sharing and electronic delivery of high quality digital media."

Mr. Kaufhold goes on to discuss forensic watermarking technology deployed by several companies, the differentiation of technologies, and some of the public companies in the sector.

"There is a small company in Connecticut, called USA Video Interactive that I have been talking to for six years. They are a great example of the rest of the industry, in that it has taken them several years to develop their technology, prove it and make it robust enough to start using it. Just recently they signed a deal with Twentieth Century Fox Home Entertainment for high speed internet delivery of electronic files. Fox needs to be able to preview movies to buyers at Target and Wal-Mart and to work around direct theft at the mailroom; they now defend against it with USA Video's Media Escort that automatically embeds watermarks or smart marks into every frame of the video during internet delivery. So if the content leaks out, they know exactly which computer to go and investigate. This is a very solid and robust approach to identifying leaks and theft."

Mr. Kaufhold also discusses both the market opportunity as well as part of the global problem in piracy in China and India. "The problem in China will get solved and the problem in India is on its way to being solved."

Mr. Kaufhold also offers resources and tools for investors as the market notes a rotation back into tech stocks.

To Listen to Podcast/Audio Interview:

http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/051608a.mp3.

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:

May 19 - BioSolar's Dr. Stan Levy Selected to Present Company's Breakthrough BioBacksheet™ Solar Cell Technology at Key Industry Meeting

Chief Technology Officer to Speak at SPIE, the Largest Optical Science and Technology Meeting in North America

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, announced that Dr. Stan Levy, the company's Chief Technology Officer, will present at the SPIE Symposium on Solar Applications and Energy conference on Tuesday, August 12, 2008 in San Diego, CA.

Dr. Levy will present findings from the company's technology development program, which led to BioSolar's breakthrough photovoltaic cell component, the BioBacksheet(TM). He will speak to thousands of engineers and researchers gathered for the SPIE symposium, the largest optical science and technology meeting in North America.

"Dr. Levy has spearheaded our technology development efforts, and in a highly efficient fashion, delivered a uniquely sophisticated product that has stimulated interest on the part of a significant number of major solar cell manufacturers," said Dr. David Lee, CEO of BioSolar. "The submissions panel at the SPIE Symposium on Solar Applications and Energy recognizes the unique nature of our new product and has asked Dr. Levy to deliver an oral presentation, rather than the more common poster presentation. This forum will allow Dr. Levy to discuss in detail the various scientific breakthroughs underlying our BioBacksheet(TM)."

BioSolar recently announced that the company has delivered BioBacksheet(TM) samples to a select group of solar cell manufacturers in multiple regions of the country. BioSolar also has received numerous requests for analysis samples from high-volume manufacturers, located in the U.S. and abroad.

"The high level of industry interest in our new product and Dr. Levy's invitation to speak at SPIE are tributes to the significance of his contributions to BioSolar and our shareholders," said Dr. Lee.

ABOUT SPIE

SPIE is an international membership society, serving scientists and engineers in industry, academia, and government, as well as companies producing leading-edge products. SPIE constituents work in a wide variety of fields that utilize some aspect of optics and photonics, which is the science and application of light. SPIE Optics+Photonics is the largest optical sciences and technology meeting in North America, including over 55 courses and workshops. The Solar Energy + Applications track of the conference is dedicated to finding ways to move toward secure, affordable, and environmentally sustainable energy to meet the world's accelerating energy needs. For more information, visit http://spie.org/solar-energy.xml.

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 19 - Copper King Mining Corporation Provides Company Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, today provided company updates in answer to questions posed by investors concerning its advertising and PR plans for the near future.

Copper King recently terminated its relationship with Alexander Lindale, LLC its principal, Wilf Blum, and commenced managing its own corporate advertising and PR, effective May 1, 2008.

Additionally, management is currently negotiating with several independent third parties to manage its stock and interface with the investment community. At the present time less than 60,000,000 shares of the company’s total 2.5 billion authorized shares of common stock are in the public float. The majority of the company’s restricted stock is held by long-standing shareholders committed to the company’s long-term growth.

STOCKS TO WATCH

JOYTOTO USA INCORPORATED (OTCBB: JYTO)
"Up 40.98% in morning trading"

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

Joytoto USA's two business segments are electronic products and components, and online games. The electronic products and components business is that of a virtual, original equipment manufacturer (OEM) and original design manufacturer (ODM) of consumer electronics for retailers throughout the world. Joytoto USA's online game business segment operates online games in North America pursuant to an Exclusive North American Master License Agreement with Joyon Entertainment Co., Ltd. ("Joyon Korea"). The Master License Agreement gives Joytoto USA's wholly-owned subsidiary access to Joyon Korea's library of successful online games currently operating in the Asian markets which have generated more than $100,000,000 in the Asian markets.

JYTO News:

May 19 - Joytoto USA, Inc. Receives and Completes its First U.S. Purchase Order

Joytoto Technologies, Inc., a wholly owned subsidiary of Joytoto USA, Inc. (OTCBB: JYTO) announced that it has successfully received, completed, and shipped its first purchase order from one of the largest big-box retailers in the United States. The consumer electronics retailer, also known as an electronics superstore, operates more than 800 stores in the US, Canada, and China. The initial purchase order was for more than 15,000 MP3 players, and represented more than $730,000 in revenue for Joytoto in the month of April.

Because of the timely and successful completion of its initial purchase order, Joytoto expects to continue to receive orders from this current client, as well as other big-box retailers. The company believes that its virtual, OEM business model gives it a competitive advantage regarding price, timeliness, and scalability of production. The completion of this order is significant as it represents the company's commitment to developing its business in the United States, an effort which began during the latter part of 2007. It also demonstrates the company's capability of completing its purchase orders and delivering its products on a timely basis.

Joytoto received the purchase order after completing an extensive vendor approval process with a subsidiary of one of the largest business outsource processing and supply chain solutions companies, which handles purchase orders for some of the largest corporations in the world, as well as numerous big-box retailers, outlets, electronics superstores, and other corporations, as part of its global turnkey solutions business.

Joytoto has developed various models of its MP3 players with different features, capabilities, and price-points. Some of the more sophisticated features include 8GB of internal flash storage, built-in Bluetooth wireless, high-speed USB 2.0 interface, and compatibility with both PC and Mac computers. The devices are capable of handling MP3, OGG, JPEG, WMV, and MPEG-4 files (both audio and video). To view the suite of MP3 players developed by Joytoto Technologies, Inc., consumers can go to www.joytotousa.com/digital_multimedia/mp3.jump.

PACIFIC ETHANOL INCORPORATED (NASD: PEIX)
"Up 39.06% in morning trading"

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

Pacific Ethanol, Inc. produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, and Idaho. It also provides transportation, storage, and delivery of ethanol through third-party service providers. Its co-products include wet distillers grains. The Company sells ethanol to gasoline refining and distribution companies, and wet distillers grains to dairy operators and animal feed distributors. Pacific Ethanol was founded in 2003 and is headquartered in Sacramento, California.

PEIX News:

May 19 - Pacific Ethanol, Inc. Announces First Quarter 2008 Financial Results

* Net sales up 63% over Q1 of 2007 and up 24% from Q4 of 2007
* Gallons sold up 58% from Q1 of 2007 to 59.2 million gallons
* Loss per diluted share of $0.90, which includes a non-cash goodwill impairment
   net of non-controlling interests of $0.96 per share
* SG&A as percentage of net sales improved 37% to 6.1% from 9.6% in Q1 of
   2007
* EBITDA grew 159% to $12.4 million for the quarter from $4.8 million for Q1 of
   2007
* Burley, Idaho plant completed start up

Pacific Ethanol, Inc. (NASD: PEIX), the leading West Coast-based marketer and producer of ethanol, announced its financial results for the quarter ended March 31, 2008.

Three Months Ended March 31, 2008

For the quarter ended March 31, 2008, the Company reported net sales of $161.5 million, an increase of $62.3 million, or 63%, compared to $99.2 million for the same period in 2007. This increase in net sales is primarily due to a substantial increase in sales volume, which was partially offset by lower average sales prices. The Company's sales volume increased by 21.7 million gallons, or 58%, to 59.2 million gallons, compared to 37.5 million gallons for the same period in 2007. The Company's average sales price of ethanol decreased by $0.04 per gallon, or 2%, to $2.30 per gallon compared to an average sales price of $2.34 per gallon in the first quarter of 2007.

Average corn prices rose significantly in the three months ended March 31, 2008 as compared to the same period in 2007. The Company partially offset increased corn costs with derivative gains of $2.2 million for the three months ended March 31, 2008 as compared to a loss of $303,000 from derivatives for the three months ended March 31, 2007. Gross profit for the first quarter of 2008 totaled $15.7 million compared to $15.3 million in the first quarter of 2007. The Company's gross margin was 9.7% for the three months ended March 31, 2008 compared to 15.4% in the same period in 2007.

The Company completed its annual goodwill impairment test as of March 31, 2008. With the overall softening in the ethanol industry since the Company's acquisition of its interest in Front Range Energy, LLC, market valuations indicated impairment of goodwill. As a result, the Company recorded a non-cash goodwill impairment of $87.0 million. Of this amount $48.4 million relates to noncontrolling interests of the Company's variable interest entity, resulting in net goodwill impairment of $38.6 million, which is included in the Company's net loss for the first quarter of 2008.

The Company's net loss for the first quarter of 2008 was $35.2 million compared to net income of $3.0 million for the first quarter of 2007. Loss available to common stockholders for the first quarter of 2008 was $36.3 million compared to $1.9 million for the first quarter of 2007. The Company reported loss per common share of $0.90 for the first quarter of 2008 as compared to income per common share of $0.05 for the same period in 2007. The loss per share for the first quarter of 2008 includes a non-cash goodwill impairment of $0.96 per share. The Company's weighted-average number of diluted shares outstanding for the first quarter of 2008 totaled 40.1 million.

The Company's CEO, Neil Koehler, observed that "We achieved record sales and are pleased to report solid operational results for the first quarter. Our Madera, Columbia and the Front Range facilities continue to produce over design basis and our Magic Valley plant has successfully completed start up. We continued to hold overhead costs relatively steady from the first quarter of 2007, even as we experience ongoing dynamic growth. Our destination model has increased the availability of renewable fuels and high quality feed products in the Western US. With high oil prices and limited expansion possibilities in oil production, we are providing a critically needed and valuable transportation fuel to the marketplace."

Reconciliation of EBITDA to Net Income (Loss)

This press release contains, and the Company's conference call will include, references to unaudited earnings before interest, taxes, depreciation and amortization, including goodwill impairment ("EBITDA"), a financial measure that is not in accordance with generally accepted accounting procedures ("GAAP"). The table set forth below provides a reconciliation of EBITDA to net income (loss). Management believes that EBITDA is a meaningful measure of liquidity and the Company's ability to service debt because it provides a measure of cash available for such purposes. Additionally, management provides an EBITDA measure so that investors will have the same financial information that management uses with the belief that it will assist investors in properly assessing the Company's performance on a period-over-period basis. EBITDA is not a measure of financial performance under GAAP, and should not be considered an alternative to net income or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. EBITDA has limitations as an analytical tool and you should not consider it in isolation or as a substitute for analysis of the Company's results as reported under GAAP.

CITY TELECOM HK LIMITED (NASD: CTEL)
"Up 30.91% in morning trading"

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

City Telecom (H.K.) Limited, together with its subsidiaries, provides residential and corporate fixed network, and international telecommunications services in Hong Kong and Canada. It offers dial up and broadband Internet access, local voice-over-Internet protocol (IP), and IP-TV services. Its international telecommunications services and products include direct dial services, international calling cards, and mobile call forwarding services. As of August 31, 2007, City Telecom (H.K.) had 683,000 fixed telecommunications network service subscriptions. The company was founded in 1992 and is based in Kwai Chung, Hong Kong.

CTEL News:

May 19 - City Telecom Announces 2008 Interim Results

— Profits attributable to shareholders increased by 162.0% year-on-year to HK$47.8 million with basic earnings per share reaching HK7.6 cents and diluted earnings per share at HK7.3 cents
— Total revenue grew by 10.9% year-on-year to HK$623.8 million due to strong Fixed Telecommunications Network Services (FTNS) business
— FTNS revenue increased by 19.1% year-on-year to HK$474.9 million, with subscriptions growth of 43,000 to 726,000 during the period, contributing 76.1% of the Group's total revenue
— EBITDA decreased by 0.6% year-on-year to HK$187.1 million with EBITDA margin decreased from 33.5% to 30.0% mainly due to increase in discretionary advertising expenditure in brand enhancement

City Telecom HK Limited (NASD: CTEL) (HKSE: 1137) (“The Group”) announced interim results for 2008 for the six months ended 29 February 2008. During the review period, the Group's business grew continuously with consolidated turnover increasing by 10.9% year-on-year to HK$623.8 million. Profits attributable to shareholders increased by 162.0% to HK$47.8 million in 1HFY08. The Board has resolved to pay an interim dividend of HK4 cents per share with a scrip dividend option.

“The interim results this year had met our target with solid growth in our fixed telecom network business,” said Ricky Wong, Chairman of CTI.

FTNS business is now the bulk of the Group's business, contributing 76.1% of the total turnover, reflecting the combined results of raising average revenue per user (ARPU) of ultra-high speed broadband Internet access service and assertive expansion in subscription base. The strong double-digit growth in FTNS by 19.1% to HK$474.9 million, more than compensated the decline in International Telecommunications Service business (IDD) by 8.9% year-on-year to HK$148.9 million.

Consolidated EBITDA for 1HFY08 is slightly decreased by 0.6% to HK$187.1 million year-on-year, primarily as a result of our investment in brand enhancement — “Network Differentiation” advertising campaign and one-off upfront customer acquisition costs led by strong growth in subscriptions during the period.

“The Group's wholly-owned subsidiary, Hong Kong Broadband Network Limited, principally engages in fixed telecom network business, which is an infrastructure project spanning 20 to 30 years. In terms of the 'hardware' — our network infrastructure — there is nothing special to report, for our network is showing satisfactory development in both technology and in coverage. Regarding the 'software' — our main focus over the past 2 years — raising our brand image externally, while at the same time upgrading our quality of management internally, enhances the Group to become more corporate and systematic,” said Mr. Wong.

For FTNS, instead of focusing on subscription and ARPU as individual metrics, the Group adopted a dynamic strategy to maximize revenue market share, which enabled the Group to deliver 19.1% revenue growth in this market segment. Net subscriptions across broadband, voice and IPTV services added 43,000 to 726,000 subscriptions as of 29 February 2008. The Group managed to grow our subscriber base without sacrificing our revenue yields, with new contracts for our broadband Internet service delivering a blended ARPU of HK$177 per month in February 2008 versus HK$175 in February 2007.

As the pioneer in the Hong Kong telecommunications industry, during the period, the Group was the first Internet service provider to launch Fiber-To-The-Home (FTTH) residential broadband services, which enable the end-users in Hong Kong to enjoy the full benefits of future technology today. To facilitate the mass deployment of FTTH service, the first Gigabit Passive Optical Network (GPON) technology in Hong Kong was introduced. Together with the existing Metro Ethernet foundation, these advanced technologies expedite the Group's network expansion towards achieving 2.0 million homes pass target by 2010 in a cost effective way.

While broadband service is the core focus, emphasis was also put on voice and IPTV businesses. Notwithstanding the landscape for voice market remaining competitive due to the modest growth environment and incumbent's strategic retention campaign to maintain stable market share, the Group managed to stabilize the subscriptions in the past six months, even though downward pressure on pricing still remained.

During the period, the Group launched dual mode High Definition Terrestrial TV Receiver and IPTV set-top-box for all customers in Hong Kong. This new value-added product not only serves on-net customers, but also allows off-net customers to enjoy the set-top-box via a rental plan.

IDD service revenue continued to decline as a result of intensive competition from traditional IDD service and other Voice-Over-IP (VOIP) calling options, and also from the Group's proactive migration of our IDD customer to our FTNS “2b” VOIP service. However, the decline slowed to a moderate level over the past 18 months. IDD traffic volume fell by 9.1% from 329 million minutes in 1HFY07 to 299 million minutes in 1HFY08.

The results for 1HFY08 reflected the continuing growth of FTNS business and also the significant investment in brand enhancement. The Group's Network Differentiation campaign launched in October 2007 aroused significant voice from the mass market and also the incumbent. Customer confidence has been strengthened considerably which has formed the foundation in expanding our customer base, while much of the benefit from this investment will come in future years when the revenue is realised over the subscription period.

“To further expand our achievements, we have formed a consortium with two telecom corporations in Singapore. MobileOne & StarHub, with us as the lead, together we are bidding for the Singapore's Next Generation National Broadband Network project, where the winner is expected to be announced this August. With our investment in brand enhancement and network expansion locally, and to leverage on our experience and know-how to replicate our successful story in Singapore, we are confident to deliver a higher level of shareholder value and provide favorable cash return to our shareholders in the near future,” Mr. Wong concluded.

Live webcast and replay for analyst presentation can be viewed at www.ctigroup.com.hk. Materials of this annual results announcement, such as presentation slides and press release, can also be found at the above website.

Additional information on City Telecom can be found at http://www.ctigroup.com.hk.

CHINA WIND SYSTEMS INCORPORATED (OTCBB: CWSI)
"Up 103.13% 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 60.00% 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 16 - Pine Ridge Holdings Enters Formal Negotiations

Pine Ridge Holdings, Inc. (OTC: PINR) Kevin May, CEO of Pine Ridge Holdings (PINR), announced the first of what is expected to be several significant related announcements in the days ahead. As was shared in the last press release, it is the intent of PINR to take advantage of the company's expanding network and to use this network to acquire, both fully and in part, companies that will bring significant value to Pine Ridge Holdings.

May stated, "There are simply too many opportunities to not aggressively go after multiple acquisitions at the same time. The first company that we have approached is ServeNation, LLC. We have been in negotiations with their management and believe that we are very close to being able to announce an agreement. As our shareholders know, our current income verticals involve primarily real estate and tennis/physical fitness operations. These are good, stable, asset rich operations. But we are pursuing companies in industries that can show significant growth and can achieve high valuations."

ServeNation, LLC is a privately held, online social networking website that works exclusively with U.S.-based non-profits. Birthed from MinistryHome, Inc., ServeNation, LLC is an independent corporation that provides social networks, websites and fund raising tools for non-profits across the country. Using the same in-house created code that made MinistryHome successful, ServeNation carries with it all of the advantages of a traditional dot com — including, most importantly from PINR's perspective, an incredible valuation multiple of 3.75 times gross revenue.

May continued, "The unique on-line fund raising tools of ServeNation alone can create significant revenues. I hope to find other companies that are valued on revenues and not EBITA, but this is a great start for PINR. I hope to share more about this relationship in the coming days."

CHINA AMERICA HOLDINGS (OTCBB: CAAH)
"Up 25.00% in morning trading"

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

China America Holdings, Inc. engages in the design, manufacture, and sale of fingerprint-based identification products and systems. It offers biometric BioClock, a network enabled system, which replaces traditional identification devices. The company provides CheckPrint T/A system that authenticates the employee's identity, tracks total hours, and calculates the correct pay rates, as well as performs employee scheduling, job cost analysis, editing time punches, electronic calculations, and related record keeping functions. It also offers CheckPrint A/C access control systems, which permit access to locked buildings, offices, or other secured areas; CheckPrint ATAC that combines access control, and time and attendance systems; Biometric Distribution Server, which enables other systems to operate in a multiunit configuration; CheckPrint SDK, a software development kit for biometrics, which enable purchasers and licensees to create custom applications for the software and hardware; CheckPrint DTU to secure a computer terminal, files, and folders through fingerprint identification; and CheckPrint SDTU that provides users the ability to secure a computer terminal with fingerprint biometric technology and a smart card. In addition, China America Holdings holds patent licenses for micro electro mechanical sensors technology to detect unexploded ordinance, including bombs, grenades, shells, rockets, and other explosive devices. Further, the company operates as a distributor of chemical fluorine products, as well as a toy sourcing and exporting company. China America Holdings sells its products through original equipment manufacturers and independent sales representatives to manufacturers, retailers, and other businesses in the United States and China. The company was founded in 1968. It was formerly known as Sense Holdings, Inc. and changed its name to China America Holdings, Inc. on November 26, 2007. China America Holdings is based in Sunrise, Florida.

CAAH News:

May 19 - China America Holdings, Inc. Reports Record Revenue over 6 Million for First Quarter of 2008

Revenue Climbs to $6.5 Million up from $32,000 in First Quarter of 2007

China America Holdings, Inc. (OTCBB: CAAH), a diversified holding company operating in both the United States and China announced the results of operations for the first quarter of 2008 ending March 31, 2008. The Company reports revenue of $6,507,477 in the first quarter of 2008 as compared to $32,517 for 2007.

The increase in revenue for 2008 was mainly attributable to the acquisition of Shanghai Aohong Chemical in 2007. In addition to posting record revenue for the first quarter, China America was operationally profitable before non cash expenses related to third party services of approximately $264,820. The company reported an operating loss of $94,455 after taking into consideration that non cash expense. Management remains confident that the company is on track to reach profitability and to record its first profitable year in 2008 in the company’s 10 year history.

Commenting on the results Dore Perler, CEO of China America Holdings, Inc. stated, “We continue to see improvement in top line revenues from our Aohong subsidiary and believe the investments we have made will further represent themselves in the coming quarters. Reaching operational profitability before non cash items in the first quarter is only the first step toward our goal of a profitable 2008 on a net income basis. We are excited with the first quarter results and believe we are on track to obtain our goal of a record year of profitability in 2008.”

COLLEXIS HOLDINGS (OTCBB: CLXS)
"Up 19.15% in morning trading"

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

Collexis Holdings, Inc. develops software that supports the market-building tools to search and mine sets of information. Its Collexis Engine 6.0 software enables discovery through identification, ordering, and aggregation of ideas and concepts. The company can create ?fingerprints' of texts, such as articles, Web pages, books, and internal and external databases, which can be used in turn to find the relevant information for a researcher or business professional. It also offers consulting, implementation, training, technical support, subscription, and maintenance services in support of its customers' use of its software products. Collexis Holdings focuses on university and medical research, healthcare, and biopharma; defense and intelligence, and enterprise business intelligence; and legal markets. It operates in the Netherlands, rest of the European Union, and the United States. The company was incorporated in 1998 and is headquartered in Columbia, South Carolina.

CLXS News:

May 16 - Collexis Holdings Announces Third Quarter Results and Business Milestones

Collexis Holdings, Inc. (OTCBB: CLXS) a leading developer of high definition search and knowledge discovery software, announced its results for the quarter ended March 31, 2008. The company generated revenues of $1.4 million, up from $975,000 and $316,000 in the previous two quarters, respectively.

“While we are pleased with third quarter growth, we believe recent initiatives will continue to increase our revenues in the future,” said Bill Kirkland, CEO of Collexis Holdings, Inc. “The launch of BioMedExperts and our alliance with Dell Healthcare and Life Sciences represent an opportunity to build the first pre-populated social network for the biomedical research community. Our acquisition of Lawriter allows us to enter the expanding market for legal research through an industry leader that is growing and profitable. Our alliance with Thomson Reuter’s Scientific team will expand our opportunities in the Academic and Government markets. We are excited by these company developments over the past quarter.” Some of the recent Collexis highlights include:

1) Launch of BioMedExperts (http://www.biomedexperts.com) in conjunction with Dell. The company launched the first pre-populated professional social network with more than 1.4 million pre-generated expert profiles from 120 countries. Dell supplied the computer hardware for the service and will help market BioMedExperts. The site has attracted over 10,000 new members in the first 30 days the site has been actively marketed.

2) Acquisition of Lawriter LLC, which owns acclaimed legal research service Casemaker®. Lawriter owns Casemaker, an affordable legal information platform. A total of 28 state bar associations currently contract for their members to use Casemaker. According to a recent study, more Ohio State Bar Association members used Casemaker as their primary source of online legal research than all other legal publishers’ services combined.

3) Alliance with Thomson Reuters. The alliance joins Collexis' Knowledge Dashboard with Thomson Scientific’s Web of Science to create a custom data mining solution for the research community. Called the Thomson Collexis Dashboard, it will provide enhanced knowledge discovery for the academic and government R&D communities. By merging Thomson Scientific's Web of Science data with the Collexis Knowledge Dashboard, users will have the ability to identify and search for documents, experts and trends, and make new discoveries more quickly, accurately and deeply than via conventional search engines.

4) New Presence in the Asia Pacific Market. Taiwan’s Kaohsiung Medical University selected Collexis to develop the Institution’s Advanced Expert Profiling System. This will allow its students, faculty and researchers to connect via a Web interface and help maximize productivity and networking abilities for its combined student, faculty and staff population of more than 15,000.

5) Awards and Recognition. Collexis was recognized by KM World as a Trend-Setting Product of 2007. KM World selected Collexis as one of the 100 Companies that Matter in Knowledge Management. Collexis has been nominated as a finalist for the Software & Information Industry Association (SIIA) 23rd Annual CODIE Awards.