WNEA, XSNX, LLSR, MGRN, GYGC, CPRK
BDAY, PSPM, EMAK, EESO, NCEY, GNTA, IBCP
Our Stocks to Watch today include Wind Energy America Inc. (OTCBB: WNEA), XsunX Inc. (OTCBB: XSNX), Lantis Laser Inc. (OTC:LLSR), Monogram Energy Inc. (OTC: MGRN), Guyana Gold Corp. (OTC: GYGC), Copper King Mining Corp. (OTC: CPRK), Celebrate Express (NASDAQ: BDAY), PureSpectrum Inc. (OTC: PSPM), EMAK Worldwide Inc. (OTC: EMAK), Enzyme Environmental Solutions Inc. (OTC: EESO), New Century Energy Corp. (OTCBB: NCEY), Genta Inc. (OTCBB: GNTA) and Independent Bank Corp. (NASDAQ: IBCP).

FEATURED
COMPANY

WIND ENERGY AMERICA INCORPORATED (OTCBB: WNEA)
"Up 10.71% in morning trading"
Detailed
Quote: www.otcpicks.com/quotes/WNEA.php
Company
Profile:
www.otcpicks.com/wind-energy-america/wind-energy-america-2.htm
Wind Energy America Inc. develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms: Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present, WNEA owns a developer's stake and a minimal interest producing negligible cash flow in these wind farms. Over the next two years the developer’s stake will begin producing significant cash flow from these projects. The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company owns a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.
WNEA
News:
June 26 - Wind Energy America, Inc. Completes Asset Acquisition
Wind Energy America Inc. (OTCBB: WNEA) announced that it has completed its asset acquisition with Boreal Energy Inc., a Minnesota corporation. As a result of the completed transaction, WNEA is in a position to generate revenue from electrical energy sales.
Under an agreement with Boreal Energy, Inc., WNEA had the right to accept stock in Navitas Energy, Inc., a Gamesa subsidiary, or accept an equivalent value of assets. During a due diligence process, it was determined that acquiring revenue producing assets was in the best interest of WNEA.
The assets include: 160 acres of land in Lincoln County, Minnesota, where wind turbines will be operated; the Midwest Center for Wind Energy, (MCWE) a hotel, office, and maintenance facility located where existing WNEA wind projects operate and where an additional 300 megawatts will be built; two Gamesa G-52 wind turbines, ready to be commissioned, located at the MCWE site; two Gamesa G- 80 wind turbines, ready to be commissioned, located in Osceola County, Iowa; substation and transmission facilities in Minnesota and Iowa; and the Viking Wind Energy Project, located in Martin County, Minnesota with transmission service with a nameplate capacity of up to 100 megawatts. The Viking Wind Energy project is expected to be operational by 2010.
Darrel Kluge CEO of Wind Energy America stated “The wind turbines, with a combined nameplate capacity of 5.7 megawatts are expected to be operational within the next 60 days. The power will be sold under power purchase agreements already in place with Alliant Energy and Xcel Energy. The company retains the ownership of the Renewable Energy Credits or RECs on 4 megawatts. We are excited about the trends for these and look forward to seeing how the carbon offset market will affect future pricing.”
WNEA assets include interests and development rights in many projects in the upper Midwest, including certain wind turbine equipment, and other assets related to wind farms in Iowa, Minnesota, North Dakota, Wisconsin, and southern Ontario. As a wind farm developer, WNEA controls significant interests and rights to an extensive pipeline of wind energy projects under development. The WNEA pipeline now includes approximately 1,300 megawatts in initial and various phases of design or development, 400 of which are located southwestern Minnesota, in some of the most favorable wind regimes in North America for the generation of electricity from wind turbines.
With the rapid growth of wind power and the “greening of America”, and with the high cost of fossil fuels, wind energy is experiencing unprecedented growth. Popular support for cleaner power is driving huge investment capital into the industry. WNEA, with its new pipeline of projects, is expected to capture some of the unprecedented growth in the wind industry. Through acquisitions, development of its own projects, and ownership and operation of wind farms, WNEA will become a premier provider of wind power in the region.
FEATURED
COMPANY

XSUNX INCORPORATED (OTCBB: XSNX)
Detailed
Quote: http://www.otcpicks.com/quotes/XSNX.php
Company
Profile: http://www.otcpicks.com/xsunx/xsunx.htm
Xsunx, Inc., a thin-film photovoltaic (TFPV) company, focuses on developing thin film photovoltaic (TFPV) amorphous silicon solar cell manufacturing processes to produce TFPV solar modules. Its product includes XsunX ASI-120 module, which is a 125 peak watt TFPV solar module utilizing glass substrates and a proprietary semiconductor manufacturing system. XsunX ASI-120 provides for a module delivering high power output, and size and framing that would allow for the use of various existing mounting systems. The target markets for the TFPV solar module include solar farms, government agencies, and utility companies, as well as power purchase agreements and large commercial installations worldwide. The company, formerly known as Sun River Mining, Inc., was incorporated in 1997 and changed its name to XsunX, Inc. in 2003. XsunX is headquartered in Aliso Viejo, California.
XSNX News:
June 26 -
XsunX Thin Film Solar Module Manufacturing Facility Update
XsunX, Inc. (OTCBB: XSNX), a solar technology company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced that the manufacturing facility in Portland, Oregon is ready for inspection. The current tenants notified XsunX that demolition is ahead of schedule by three weeks and a walk-through is scheduled for the week of July 7th. XsunX will as a result take possession of the manufacturing facility at least 2 weeks ahead of schedule.
The company recently released a detailed mid-year update on business development and the multi-megawatt thin film solar module factory initiative. For any shareholders that may have missed this report you can access it at either the company (http://www.XsunX.com) or U.S. Securities Exchange Commission (www.sec.gov) Web sites.
FEATURED
COMPANY

LANTIS LASER INCORPORATED (OTC: LLSR)
Detailed
Quote: http://www.otcpicks.com/quotes/LLSR.php
Company
Profile: http://www.otcpicks.com/lantis-laser/lantis-laser-2.htm
Lantis Laser was formed to commercialize the application of novel technologies in the dental industry. The criteria for selected products include competitive edge, exclusivity and large market potential. Lantis is currently in Phase 2 development, moving through beta systems, product development and application for FDA clearance and plans to launch the OCT Dental Imaging System™ in the first quarter of 2009. Lantis has exclusive rights to the application of OCT technology in the field of dentistry under its license Agreements with Lawrence Livermore National Laboratory (exclusive); LightLab Imaging (non-exclusive) and AXSUN (exclusive). To find out more about Lantis Laser, visit www.lantislaser.com.
LLSR
News:
June 26 - Lantis Laser's Dental Diagnostic Imaging System Can Address ADA's Recommendations for Placement of Sealants
Lantis Laser Inc. (OTC:LLSR) (www.lantislaser.com), wishes to draw attention to new, recently introduced, clinical recommendations from the American Dental Association Council on Scientific Affairs to assist clinicians in their decision-making process, for the use of composite plastic sealants over very early decay on the occlusal biting surface of teeth in children, adolescents and young adults to stop the disease from progressing.
"Placing sealants on the biting surfaces can stop early decay that is still in the enamel from progressing," pointed out Dr. Craig Gimbel, Executive Vice President of Clinical Affairs for Lantis Laser. "This article mentions that the clinician may be uncomfortable to make the decision to place a sealant because of unavailable adequate diagnostic tools for diagnosis and monitoring to ascertain if the sealant will be placed on top of existing decay in the enamel."
Dr. Gimbel went on to emphasize that, "Presently, the only accepted way to ascertain if decay is present is by recognition of tooth surface color changes, which can be misinterpreted as stains or defects instead of decay or possibly decay when it didn't exist at all." It is well documented that x-rays do not generally have the ability to image very early decay, which is important for the success of this procedure.
It is important to note that the ADA states that clinicians should not obtain radiographs for the sole purpose of placing sealants and should consult the ADA/U.S. Food and Drug Administration guidelines regarding selection criteria for dental radiographs which places limitations due to risk of radiation.
Lantis' OCT (Optical Coherence Tomography) Diagnostic Imaging System(tm) will assist the clinician in making an evidence-based decision to place the sealant because of its ability to image early decay and subsurface enamel changes which is indicative of the demineralization, the first stage in the process of decay.
In addition, it will enable the dentist to monitor the sealed tooth surface area in order to determine that this non surgical method of arresting the decay has been effective. Clinical studies have shown that Lantis' OCT Diagnostic Imaging System™ is the only dedicated dental imaging system that can provide evidence for early decay demineralization and then follow the process of remineralizing as the bacteria die under the placed sealant, all without the risk of radiation. The placement of sealants will enable patients to possibly avoid invasive dental procedures, such as fillings, that are associated with later stage decay.
Lantis' OCT Dental Imaging System™ is based on novel light-based, bio-medical imaging technology, Optical Coherence Tomography, that enables the dentist to do diagnostic imaging, chairside and in real-time. As the power source is light-based, unlike x-ray there is no harmful radiation. Images can be captured at a resolution of up to 10 times that of x-ray, enabling early detection of decay and detailed examination of microstructural defects.
FEATURED
COMPANY

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
Detailed
Quote: www.otcpicks.com/quotes/MGRN.php
Company
Profile:
www.otcpicks.com/monogram-energy/monogram-energy.htm
Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.
MGRN
News:
June 24 - Monogram Energy Inc. Issues Shareholder Update
Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, wishes to congratulate its shareholders for the confidence they have shown in a small, but growing company. Monogram has just received payment on its first sale of oil from the T.W. Martin lease in Navarro County, Texas. The oil produced is sold to Plains Marketing, LP, a national concern specializing in the transportation, storage and marketing of crude oil, with its home office located in Houston, Texas.
Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "It's very rewarding to finally reap some benefits from our efforts. We really do thank our shareholders for hanging in there with us."
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 it to return the most value to its shareholders.
FEATURED
COMPANY

GUYANA GOLD CORPORATION (OTC: GYGC)
Detailed
Quote: http://www.otcpicks.com/quotes/GYGC.php
Company
Profile: http://www.otcpicks.com/guyana-gold/guyana-gold.htm
Guyana Gold Corporation is a junior mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties as well as assessing whether certain claims possess exploitable commercial and precious mineral reserves. The Company's objective is to develop a balanced global portfolio of early-to-advanced stage projects. Guyana is currently focused on gold projects in the Caribbean. The Company's key mineral project is located in the region of Port Kaituma, in which the Company holds a 50% interest as part of its joint venture with Octagon Mining Corp. The main interests along the Guyana Shield are gold, diamond and bauxite and, recently, semi-precious stones.
GYGC
News:
June 25 - Guyana Gold Corp. Rated 'Speculative Buy,' Target Price $1.50 by Beacon Equity Research
Guyana Gold Corp. (OTC: GYGC) has been rated a “Speculative Buy” with a price target of $1.50 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at www.BeaconEquity.com/reportsonline/GYGC.
In the report, the analyst writes, “We believe GYGC is well-positioned for consistent double-digit revenue and earnings growth over the next several years as a result of steadily rising production from the Company’s Port Kaituma joint venture project, soon-to-be closed gold claim acquisitions and a lean corporate overhead structure … Thereafter, we expect the Company’s revenues to grow at least 20 percent annually over the next five years as a result of production gains at Port Kaituma and successful exploration efforts at soon-to-be-acquired Barima-Waini gold claims.”
FEATURED
COMPANY

COPPER KING MINING CORPORATION (OTC: CPRK)
Detailed
Quote: www.otcpicks.com/quotes/CPRK.php
Company
Profile:
www.otcpicks.com/copper-king-mining/copper-king-mining.htm
Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.
CPRK News:
June 26 -
Copper King Mining Corporation Provides Mining Updates
Copper King Mining Corporation (OTC: CPRK), an ore mining, processing and exploration company located in southern Utah, provided updates concerning its mining operations at the Hidden Treasure open pit near Milford, Utah.
Copper King commenced stripping the waste rock from its “Hidden Treasure Copper Skarn Ore Body” in June of 2007, removing approximately 2.2 million tons of such waste rock by drilling, blasting and excavation. Removal of the waste rock revealed the presence of some extreme unexpected and unknown high grade copper and silver ores, such as the important copper ore mineral bornite, the beautiful crystal covellite, and the high yielding copper ore cuprite. For example, two samples from the ore zone showed the following:
Sample #1 (44.6% copper, Ag 19.26 oz.)
Sample #2 (51.0% copper, Ag 28.00 oz.)
Sample #1 represents 892 pounds of copper per ton of ore, compared to the expected grade of 1.8% copper or 36 pounds of copper per ton of ore. Sample #2 represents 1,020 pounds of copper per ton. The company believes that these samples may represent shoots or veins that occur between the drill holes on 50 foot centers. It is presently unknown how many tons of ore are available. However, even a small tonnage of these materials may substantially increase the pounds of available copper, the ounces of silver and the grade of the concentrate, all of which augment the value of the company’s mining holdings and increase shareholder value.
STOCKS
TO WATCH
CELEBRATE EXPRESS (NASDAQ: BDAY)
"Up 63.04% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/BDAY.php
Celebrate Express is a leading online and catalog retailer of celebration products for families. The Company currently operates two brands: Birthday Express markets children's party products, and Costume Express markets costumes and accessories. The Company utilizes its branded website Celebrateexpress.com, complemented by its branded catalogs, to offer products as complete coordinated solutions. The Company's goal is to help families celebrate the special moments in their lives.
BDAY News:
June 26 -
Liberty Media to Acquire Celebrate Express
Liberty Media Corporation (NASDAQ: LINTA) ("Liberty") and Celebrate Express (NASDAQ: BDAY) ("Celebrate") announced they have entered into a definitive agreement for Liberty to acquire Celebrate, a leading online and catalog retailer of party supplies and costumes marketed under the brands Birthday Express, 1st Wishes and Costume Express. Under the terms of the agreement approved by both boards of directors, Liberty will pay $31 million in cash, or $3.90 per Celebrate share. Celebrate will be attributed to the Liberty Interactive Group.
"We look forward to Celebrate Express joining the Liberty Media family and combining it with BUYSEASONS, Inc. the Internet costume and party retailer acquired by Liberty Media in 2006. This will make BUYSEASONS the stand out leader in the online party, costume and Halloween industry," said Michael Zeisser, Senior Vice President of Liberty Media. "The Celebrate Express acquisition represents another step in our stated strategy to acquire niche e-Commerce businesses whose value we can enhance".
"We are excited that Liberty Media will continue Celebrates' mission of creating category specific brands which are designed to help busy moms celebrate the special moments in the lives of their family," said Celebrate Express CEO Kevin Green. "Celebrate Express launched its first catalog, Birthday Express in 1994 to provide a one-stop shop to help busy parents celebrate their children's birthdays. Since then we have grown our offerings to focus on milestone birthdays and year-round costume parties, and we are gratified that the Liberty Media acquisition recognizes the growth of our business and offerings."
"We're impressed with Celebrate's expertise in the party category and we look forward to working with them to leverage the strengths of each of our brands," said Jalem Getz, President and CEO of BUYSEASONS.
The proposed transaction is expected to close in the third calendar quarter of 2008. Completion of the transaction is subject to Celebrate stockholder approval and other customary closing conditions. Cowen and Company, LLC is serving as financial advisor to Celebrate.
In connection with the proposed transaction each of Arch Ventures, Thesis Capital and Spencer Management has agreed to vote the shares it owns or controls in favor of the proposed transaction and against any alternative proposal, in addition to other customary agreements. Combined these shareholders own or control approximately 40% of the outstanding common stock of Celebrate.
ABOUT LIBERTY MEDIA CORPORATION
Liberty Media Corporation owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive Group (NASDAQ: LINTA), which includes Liberty's interests in QVC.com, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the Liberty Entertainment Group (NASDAQ: LMDIA), which includes Liberty's interests in the DIRECTV Group, Inc., Starz Entertainment, FUN Technologies, Inc., GSN, LLC, WildBlue Communications, Inc., and Liberty Sports Holdings LLC, and (3) the Liberty Capital Group (NASDAQ: LCAPA), which includes all businesses, assets and liabilities not attributed to the Interactive Group or the Entertainment Group including its subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.
ABOUT BUYSEASONS, INC.
Founded in 1999 as an Internet specialty retailer, BUYSEASONS' flagship brand, BuyCostumes.com, is the leading online-only retailer of costumes and accessories. BUYSEASONS offers one of the largest assortments of costumes and party supplies for adults and children at any single location — online or offline. In addition, BUYSEASONS operates a private-label drop ship program for other Internet retailers looking to cash in on the fast growing costume and party supplies markets. BUYSEASONS, Inc. is a wholly owned subsidiary of Liberty Media Corporation attributed to the Liberty Interactive Group (NASDAQ: LINTA).
PURESPECTRUM INCORPORATED (OTC: PSPM)
"Up 37.04% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/PSPM.php
PureSpectrum is a publicly traded technology company founded and headquartered in Savannah, Ga. The company's values are grounded in an awareness of the increasing urgency to identify more efficient energy solutions. PureSpectrum currently holds the rights to multiple patents and patent applications related to an electronic ballast design which would produce a soft switching environment during power conversion for artificial lighting. PureSpectrum will continue its commitment to researching, developing and refining ideas that will provide the most energy efficient, cost effective methods for powering artificial light. For more information on PureSpectrum, call (912) 961-4980 or visit www.purespectrumlighting.com.
PSPM
News:
June 26 -
PureSpectrum, Inc. Issued New Patent for High Frequency Electronic Ballast
Lighting Technology Company Continues to Augment Intellectual Property Portfolio to Protect Shareholder Investments
PureSpectrum, Inc. (OTC: PSPM) was recently awarded a full patent for a high frequency, high efficiency electronic ballast with a sine wave oscillator that further strengthens the company's patent portfolio.
The issuance of the patent is the latest demonstration of PureSpectrum's ongoing effort to reinforce corporate organization and infrastructure as the company prepares for expanded operations. PureSpectrum owns the rights to a family of patents and patent applications related to electronic ballast technology engineered to address both manufacturability and functionality. During the first two quarters of 2008 the company has been engaged in licensing discussions with multiple major lighting manufacturers regarding proprietary dimmable ballast circuitry for Compact Fluorescent Light (CFL) bulbs, linear fluorescent lamps as well as a proprietary design for a dimming device.
Patent 7,388,334 is one of multiple circuitry technologies identified by PureSpectrum which provide a diverse range of performance benefits for fluorescent lighting. The patent describes a high efficiency electronic ballast that is addressable to all gas discharge lighting applications.
As the company focuses on marketing the most recent iterations of its technology, PureSpectrum president and CEO Lee Vanatta said it is critical for the company to continue diligently protecting the base science which was the foundation for the company's technology breakthroughs. The issuance of patents also further strengthens PureSpectrum's position in ongoing licensing discussions with lighting manufacturers.
"We are firmly committed to protecting all aspects of PureSpectrum's intellectual property to ensure the most possible avenues for revenue generation and guarantee our shareholders that this company is thoroughly prepared for rapid growth," Vanatta said. "This patent represents our advance technology team's initial discoveries in properly controlling wave forms within the ballast to reduce the heat and energy losses in order to direct more power to the generation of light."
EMAK WORLDWIDE INCORPORATED (OTC: EMAK)
"Up 39.34% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/EMAK.php
EMAK Worldwide, Inc. is the parent company of a family of marketing services agencies including Equity Marketing, Logistix, Mega and Upshot. Its agencies are experts in “consumer activation” by offering strategy-based marketing programs that directly impact consumer behavior. The agencies provide strategic planning and research, consumer insight development, entertainment marketing, design and manufacturing of custom promotional products, kids marketing, event marketing, shopper marketing and environmental branding. The Company’s blue-chip clients include Burger King Corporation, Frito-Lay, Kellogg, Kohl’s, Kraft, Macy’s, Miller Brewing Company and Procter & Gamble, among others. Headquartered in Los Angeles, EMAK has offices in Chicago, Amsterdam, Frankfurt, London, Paris and Hong Kong. More information about EMAK Worldwide is available on the Company’s web site at www.emak.com.
EMAK News:
June 26 - EMAK Worldwide Exploring Strategic Options
EMAK Worldwide, Inc. (OTC: EMAK), a leading marketing services firm, announced that its Board of Directors has formed a special committee of independent directors to consider strategic alternatives in light of EMAK’s current business strategy as well the receipt of third party inquiries, including a letter from Marlin Equity Partners, LLC containing an unsolicited and non-binding proposal to initiate discussions regarding a possible acquisition of the Company.
The special committee will evaluate the Marlin proposal and other strategic alternatives consistent with its fiduciary duties, and in consultation with its financial and legal advisors, and following such review, will respond as appropriate and in the best interests of the Company’s shareholders, including a recommendation to the full Board.
EMAK also acknowledged the Schedule 13D amendment filed by Crown EMAK Partners, LLC and Crown’s various affiliates disclosing that group's entry into a 30-day exclusivity agreement, subject to extension, with Marlin which restricts the sale of the group’s preferred stock, representing approximately 28% of the Company’s outstanding voting securities, to anyone other than Marlin or the Company. Marlin also disclosed to EMAK that it is working with Donald A. Kurz, a shareholder of EMAK.
Jim Holbrook, Chief Executive Officer, commented, “From time to time, we receive overtures from third parties inquiring about acquiring EMAK. To date, these inquiries have been preliminary in nature and not, in the opinion of our Board, in the best interests of our shareholders. We recently released a fact sheet on the investor relations page of our web site which contains more information about our current operations and our view of our prospects, and we would urge our shareholders to review that information.”
ENZYME ENVIRONMENTAL SOLUTIONS (OTC: EESO)
"Up 37.50% 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:
June 27 -
Enzyme Environmental Solutions Enters Into a Letter of Intent for the Sale of GC2000
Enzyme Environmental Solutions Inc. (OTC: EESO) CEO Jared Hochstedler announced that the company has entered into a letter of intent with VESCOR, Inc. giving VESCOR, Inc., 60 days to complete the final sale of GC2000.
Hochstedler commented, "This letter of intent has been signed with VESCOR, Inc. to purchase the GC2000 process. A sizable down payment accompanied the signing. This process will be used in the scrap industry to separate hydrocarbons from auto residue, also known as 'fluff.' VESCOR, Inc., as announced in a press release on June 24, 2008, entered into an exclusive agreement with Integrated Building Engineering & Architectural Management, Inc. (IBEAM) to design and build the extraction facilities."
John Modezjewski, President of VESCOR, stated, "This process has tremendous potential for the scrap yard industry. Not only will companies that process scrap material be able to increase profits by reducing waste, we may actually be able to mine material out of existing landfills. You can't get any more green than that. I am looking forward to our relationship with EESO as we continue to capitalize on this new technology. Jared is just a delight to work with as he lives his conviction to create sustainable products."
Tim Gerig, President of IBEAM, Inc., commented, "This is an exciting opportunity for our company. We are confident demand for the GC2000 product will continue to rise as more and more companies invest in the technology. This is just the beginning. IBEAM plans on adding 30 new high-tech jobs in Fort Wayne over the next 2 years."
"The development of GC2000 project has been a major focus for our company. In addition to building up raw material inventory, purchasing equipment and payroll, there has been a great amount of resources dedicated to advancing the GC2000 project to this point in such a short period of time. The preparation of architectural drawings and the final laboratory testing has been expensive. I anticipate wrapping up final terms with VESCOR by the middle of July. The GC2000 is a multimillion-dollar process that has the potential of being in every scrap yard throughout the world within the next two years. With VESCOR and IBEAM involved I have no doubt we will be able to bring GC2000 to market in huge way," concluded Hochstedler.
NEW CENTURY ENERGY CORPORATION (OTCBB: NCEY)
"Up 27.03% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/NCEY.php
New Century Energy Corp., through its subsidiaries, engages in the acquisition, development, exploration, production, and sale of oil and natural gas in Texas. Its oil and gas properties are primarily located in Matagorda, McMullen, Goliad, and Wharton Counties in Texas. As of December 31, 2007, New Century Energy had proved reserves of 1,613,000 barrels of crude oil and 3.0 billion cubic feet of gas. The company was founded in 1985 and is based in Houston, Texas.
NCEY News:
June 12 -
New Century Energy Corp. Announces New Oil Discovery
New Century Energy Corp. (OTCBB: NCEY) announced another new oil discovery resulting from its ongoing drilling program in McMullen County, Texas.
The Company is pleased to report its recent success and positive results from its newest oil completion in the San Miguel Creek Field, in McMullen County, Texas. The Rabke-Maspero Unit #4 well was recently completed in the Wright Sand at a depth of 5,550 feet and has been flowing continuously over the past week at rates in excess of 85 barrels of oil per day (BOPD) on a 9/64” choke with flowing tubing pressure of 545 pounds per square inch.
“We own 100% of the working interest in this well through our subsidiary Gulf Coast Oil Corporation. In addition to this completion in the Wright Sand, we have also identified probable behind pipe reserves in this well that will be production tested after the current completion depletes. The production facility is built and oil sales have already commenced from this new well,” stated Edward DeStefano, the Company’s Chief Executive Officer.
“Also, during May we drilled and set production casing in two new additional wells in this field and completion operations on these wells will commence next week. Based on our ongoing 3D seismic interpretation program in McMullen County, we have identified numerous additional drilling prospects on company-controlled acreage, and plan to continue drilling throughout 2008 and into 2009,” added Mr. DeStefano.
GENTA INCORPORATED (OTCBB: GNTA)
"Up 18.75% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/GNTA.php
Genta Incorporated operates as a biopharmaceutical company with a diversified product portfolio that is focused on delivering products for the treatment of patients with cancer. Its research portfolio consists of two programs, DNA/RNA Medicines and Small Molecules. The company's lead compound from its DNA/RNA Medicines program is Genasense oblimersen sodium) injection that is designed to block the production of a protein, known as Bcl-2, which is a fundamental cause of the inherent resistance of cancer cells to anticancer treatments, such as chemotherapy, radiation, and monoclonal antibodies. Genta Incorporated is recruiting patients to the AGENDA Trial, a global Phase III trial of Genasense in patients with advanced melanoma. Its lead drug in its Small Molecule program is Ganite gallium nitrate injection), which is marketed in the United States for the treatment of symptomatic patients with cancer-related hypercalcemia that is resistant to hydration. The company also develops G4544, an oral formulation of the active ingredient in Ganite, which entered clinical trials as a potential treatment for diseases associated with accelerated bone loss. In addition, it is developing tesetaxel, an orally absorbed, semi-synthetic taxane that is in the same drug class as paclitaxel and docetaxel. The company was founded in 1988 and is based in Berkeley Heights, New Jersey.
GNTA News:
June 24 -
Genta Updates Progress of its Phase 3 Trial of Genasense® in Patients with Advanced Melanoma
Clinical Study on Track to Complete Accrual in Fourth Quarter 2008
Genta Incorporated (OTCBB: GNTA) announced the presentation of a progress update from an ongoing Phase 3 trial of Genasense® (oblimersen sodium) Injection, the Company's lead oncology product, in patients with advanced melanoma. The data were presented at a satellite investigator's meeting held in conjunction with the Adjuvant Melanoma Congress sponsored by the European Association of Dermato-Oncology (EADO) in Marseille, France on June 21, 2008.
AGENDA is a Phase 3, randomized, double-blind, placebo-controlled trial that is intended to support global registration of Genasense for patients with advanced melanoma. The study is designed to confirm certain safety and efficacy results from Genta's prior randomized trial of Genasense combined with dacarbazine (DTIC) in patients identified by a biomarker who have not previously received chemotherapy. The co-primary endpoints of AGENDA are progression-free survival and overall survival. The trial is being led by the EADO in Europe and by the M.D. Anderson Cancer Center, Houston, TX in the U.S.
To date, more than one-third of the expected total number of patients have now been randomized onto the AGENDA trial. A total of 83 sites in 12 countries have been opened in Europe, the U.S., Canada, and Australia. Clinical characteristics of the first 70 patients accrued to AGENDA (not identified by treatment group) were shown to be similar to the biomarker-defined population accrued in the previous Phase 3 trial of Genasense, known as GM301. The incidence of serious adverse events in AGENDA has been somewhat lower, which probably reflects the routine use of prescribed supportive care for all patients, as well as the double-blind design of AGENDA compared with the open-label design of GM301. Target accrual of 300 patients is expected to complete in the fourth quarter of 2008, with initial data expected shortly thereafter.
ABOUT AGENDA
AGENDA is a global Phase 3, randomized, double-blind trial in patients with advanced melanoma. The study is designed to confirm certain safety and efficacy results from an antecedent randomized trial of Genasense combined with dacarbazine (DTIC) in patients who have not previously received chemotherapy (GM301). AGENDA employs a biomarker to define those patients who derived maximum clinical benefit during the preceding study. These patients are characterized by low-normal levels of LDH (lactate dehydrogenase), a tumor-derived enzyme that is readily detected in blood.
A scientific article that describes efficacy and safety results from GM301 can be accessed at www.jco.org/cgi/content/abstract/JCO.2006.06.0483v1.
ABOUT THE EADO
The EADO is an independent non-profit organization dedicated to the promotion, coordination, and improvement of clinical and laboratory research activities in the field of skin cancer. The organization has an European and international membership of dermatologists, oncologists and clinical as well as basic research scientists interested in the field of dermato-oncology. EADO provides leadership by formulating and disseminating quality standards and guide-lines for diagnosis and treatment of skin cancer, and it provides direction, coordination and organizations of clinical, therapeutic, and experimental trials.
ABOUT GENASENSE
Genasense inhibits production of Bcl-2, a protein made by cancer cells that is thought to block chemotherapy-induced apoptosis (programmed cell death). By reducing the amount of Bcl-2 in cancer cells, Genasense may enhance the effectiveness of current anticancer treatment. Genta is pursuing a broad clinical development program with Genasense evaluating its potential to treat various forms of cancer.
INDEPENDENT BANK CORPORATION (NASDAQ: IBCP)
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Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of over $3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation now operates over 100 offices across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and title services. Payment plans to purchase vehicle service contracts are also available through Mepco Finance Corporation, a wholly owned subsidiary of Independent Bank. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves. For more information, visit www.ibcp.com.
IBCP News:
June 26 -
Independent Bank Corporation Announces Cash Dividend and Outlook for Second Quarter 2008 Results
Independent Bank Corporation (NASDAQ: IBCP), a Michigan-based bank holding company, announced that its Board of Directors approved a quarterly dividend of $0.01 per share on the Company's common stock. The dividend will be payable on July 31, 2008 to all shareholders of record as of July 7, 2008.
As previously disclosed, the Company stated that it would consider a number of internal and external factors in determining the amount of its quarterly dividends. The current dividend reduction is intended to preserve capital and avoid the need to access the capital markets for equity. It also reflects the prevailing unsettled current market environment and continued weak economic conditions in Michigan, which have resulted in elevated credit costs. The Company noted it has four issues of trust-preferred securities outstanding, including a $50.6 million issue that is publicly traded on the NASDAQ. The Company has no intention to modify or discontinue the payment of quarterly dividends on any of its trust-preferred securities.
The Company also announced several items related to its second quarter 2008 outlook:
* Independent Bank remains well capitalized. Capital ratios are generally expected to rise at June 30, 2008 as earnings are anticipated to exceed the reduced dividend.
* Given the reduced dividend level, anticipated earnings, and efforts to reduce total assets to further improve capital ratios, the Company's Board of Directors does not presently expect to raise additional capital through any type of equity offering.
* Second quarter 2008 earnings are expected to range between $0.09 and $0.12 per share. This earnings range is based on an expected loan-loss provision of approximately $13 million and $1.2 million in charge-offs of other real estate. Offsetting the elevated credit costs are expected increases in net interest income and non-interest income.
* The Company remains intensely focused on improving asset quality. Total non-performing assets are expected to rise to between $130 million to $145 million at June 30, 2008. The majority of the increase from March 31, 2008 levels are due to loans that were already in watch credit status.
Michael M. Magee, President and CEO of Independent Bank Corporation, commented: "The decision to further reduce the common stock cash dividend was very difficult. However, further improving our capital ratios will better position the Company to weather the difficult economic and credit environment. We are also encouraged by the strength of our earnings before loan losses and taxes, which is allowing the Company to absorb these elevated credit costs." |