OTCPicks.com

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 30 - Monogram Energy, Inc. Continues Workover Program

Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that it will begin the workover of two wells on the T.W. Martin lease in Navarro County, Texas today. The T.W. Martin lease comprises 70 acres with 12 wells, of which 6 are currently producing. The 6 wells are expected to produce 2 barrels per well, per day. This represents a 50% increase in projected production stated in the Monogram Energy press release on May 13, 2008, increasing production from 270 barrels per month to 540 barrels per month.

With oil prices skyrocketing to an all time high of $140 per barrel in June, Monogram could realize revenues of over $400,000.00 USD over the next six months.

Preliminary estimates show that the wells to be worked over will increase production by 28% per well. If the Company realizes this increase in production, it will approve the workover of the additional wells that are in production.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We are very pleased with the progress being made with the Company. This workover program on the T.W. Martin lease will yield dramatic revenue growth. We are striving for all of the wells on the T.W. Martin lease to be functioning at full capacity by the end of the year."

Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

FEATURED COMPANY

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:

July 2 - Independent Research Shows More Uses for Lantis Laser's OCT Technology

Lantis Laser Inc. (OTC: LLSR) (www.lantislaser.com), is drawing attention to the increasing applications of Optical Coherence Tomography (OCT).

In a recently published study in Journal of Endodontics (June 2008) by Shemesh H et al at the Academic Center for Dentistry in Amsterdam, Holland, showing OCT application in root canal therapy for detecting root fractures before filling the canal, it was concluded that OCT is a promising method for non-destructive imaging of the root surfaces. Earlier published research by the same group, showed that OCT could detect perforations and other possible defects that could affect a successful outcome of root canal therapy. Dentists have never been able to obtain this information by any other means.

Lantis Laser has exclusive worldwide rights for OCT technology in the $5 Billion dental equipment industry. The technology, which was developed at MIT, is the next generation in medical imaging following the X-ray, ultrasound, and MRI.

Stan Baron, President & CEO of Lantis, commented that, "The more applications OCT can be used for, the more dentists would find it indispensable and this would, of course, accelerate the rate of adoption of Dental OCT and the market penetration."

Lantis is initially targeting its Dental OCT System for use in the early detection of tooth decay, secondary decay under and around fillings, root surface decay and decay under sealants. However many other applications are surfacing that would indicate that Lantis OCT Dental Imaging System would be deployed in a dental office for many more applications than originally envisaged.

Application in orthodontics have been indicated relating to the detection of early demineralization, the precursor to decay, using OCT. Orthodontic treatment requires patient compliance to achieve optimum levels of oral hygiene, particularly around brackets. OCT can detect early demineralization, a sign that the patient may need special attention to ensure that "white spots" on teeth do not detract from successful treatment. A recent publication by Cosmin Sinescu et al in Int. Soc. Opt Eng. ( May 2008) shoed research to using OCT to examined the outcome of different bracket bonding materials and procedures that could affect stability of bracket retention and minimize failures.

Lantis' OCT Dental Imaging System 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 to 10 times that of x-ray, enabling early detection of decay and detailed examination of microstructural defects.

FEATURED COMPANY

CARBON SCIENCES INCORPORATED (OTCBB: CABN)

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

Company Profile:
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:

July 1 - RedChip Visibility Issues First Quarter 2008 Research Update On Carbon Sciences, Inc.

RedChip Visibility, a division of RedChip Companies, Inc. announced it has issued a first quarter 2008 research update on Carbon Sciences, Inc. (OTCBB: CABN), a company engaged in developing its GreenCarbon™ Technology which converts harmful carbon dioxide into useful carbon products.

Neha Bhargava, MBA, RedChip Research Analyst, reported:

“CABN has recently announced the first application of its breakthrough technology whereby it plans to convert CO2 into Precipitated Calcium Carbonate (PCC), a valuable chemical compound that can be used in the manufacturing of paper, paint, pharmaceutical products, rubber, adhesives, and plastics. GreenCarbon PCC is cost effective, as it uses inexpensive raw material and can be used as a standalone or satellite plant to existing PCC operations of target customers.

“We believe CABN stock will gain as the Company's new business strategy focusing on the PCC market will enable it to report revenues earlier than our previous estimates. Growing demand for PCC products and the demand-supply gap are the positive catalysts for CABN stock,” Bhargava continued.

“CABN's plan to produce PCC to position itself in the CO2 mitigation market, which is estimated to reach $400 billion by 2030, confirms our positive viewpoint of CABN's technology. Even the political scenario that has undergone a radical change supporting CO2 mitigation regulations favors CABN. We reiterate our 'Speculative Buy' rating on CABN and are revising our 12-month target price to $0.85,” she concluded.

To receive a complimentary copy of the RedChip Visibility 1Q08 Research Report for CABN, visit www.redchip.com/visibility/about.asp?page=vreport&reportid=120&from=07012008pr.

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:

July 1 - Research Update Issued on XsunX, Target Price $1.50 Reiterated by Beacon Equity Research

XsunX Inc. (OTCBB: XSNX) has been rated a “Speculative Buy” with a reiterated price target of $1.50 by Beacon Equity Research Analyst, Victor Sula, Ph.D.

The full report is available at www.beaconequity.com/adpages/XSNX.

In the report, the analyst writes, “With reserved capacity already approaching 145 MW, lower manufacturing costs per watt that will drive a rapid adoption of the TFPV modules and recent progress toward establishing commercial production, we believe XSNX remains on track to report meaningful revenues by year-end 2008 and achieve our $60 million revenue target in 2009.”

FEATURED COMPANY

WIND ENERGY AMERICA INCORPORATED (OTCBB: WNEA)

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:

July 1 - Howard Lapidus Joins Board of Wind Energy America, Inc.

Wind Energy America Inc. (OTCBB: WNEA) announced that it has added Howard Lapidus to its Board of Directors. Mr. Lapidus brings a unique business perspective to WNEA through his large and small company entrepreneurial business experience.

As a veteran of the seafood industry for 21 years, Mr. Lapidus has worked for both Pillsbury and Cargill in managerial positions and in smaller food industry companies. In his past business career, he worked for one of the largest multinational food groups in Indonesia and became their national sales manager. After working for a $500 million privately-held Food Company in Los Angeles, as the Executive Vice President, he started his own seafood import company, HL Seafood, Inc., located in Chaska, MN.

Mr. Lapidus lives with his wife and three children in Chaska, MN and is a graduate of the University of Minnesota.

CEO of Wind Energy America, Darrel Kluge, commented, “Wind Energy America is in the process of adding quality Board members to enhance its opportunities. Howard is a tremendous asset to the Board of Directors. As an investor in Wind Energy himself, Howard’s intuitive understanding of wind industry dynamics and business acumen can present creative solutions that leverage the high growth opportunities for Wind Energy America Inc.”

In connection to his appointment, Mr. Lapidus stated, “For some time, I have seen a tremendous opportunity developing within the wind energy industry. With the costs of fossil fuels skyrocketing, Wind Energy America can play an active role in the mitigation of our country’s use of these traditional fuels. Our company’s recent acquisitions bring both significant value and revenue to the company from electrical energy sales.”

STOCKS TO WATCH

POINT BLANK SOLUTIONS INCORPORATED (OTC: PBSO)
"Up 18.58% in morning trading"

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

Point Blank Solutions, Inc. engages in the manufacture and provision of bullet, fragmentation, and stab resistant apparel and related ballistic accessories. It offers bullet- and projectile-resistant garments, fragmentation protective vests, slash, and stab protective armor. The company also manufactures and distributes sports medicine; and health support and other products, including knee, ankle, elbow, wrist and back supports, and braces that assist athletes, weekend sports enthusiasts, and general consumers in their respective sports and everyday activities. Point Blank Solutions sells its health support products under the FLEX-AIDTM brand name. Its products are sold through contracts, corporate sales force, sales agents, and a network of distributors to military, law enforcement, security and corrections personnel, and government agencies. The company was founded in 1992. It was formerly known as DHB Industries, Inc. and changed its name to Point Blank Solutions, Inc. in 2007. Point Blank Solutions is headquartered in Pompano Beach, Florida.

PBSO News:

July 3 - Point Blank Solutions Wins $86.2 Million IOTV Bridge Buy Award

Point Blank Solutions, Inc. (OTC: PBSO) ("PBSI"), a leader in the field of protective body armor, today announced that its wholly-owned subsidiary, Point Blank Body Armor was awarded an $86.2 million contract to produce the Improved Outer Tactical Vest ("IOTV") for the U.S. Army. Point Blank Body Armor will produce 150,000 IOTVs at a rate of 25,000 per month for six months. Production will begin immediately and run through December 2008.

In May 2007, the Army awarded two contracts for the procurement and initial fielding requirement of 230,000 IOTVs. While the initial 230,000 IOTVs were in production, a full and open competitive solicitation for 736,000 IOTVs to complete the Army's Acquisition Objective of 966,000 IOTVs was released in November 2007. This Request for Proposal was delayed at the request of potential bidders. Point Blank Body Armor remains active in competing for this open solicitation.

With the delay, there was a need for a Bridge Buy of an additional 150,000 IOTVs. Point Blank Body Armor is one of only two companies producing the IOTV and having the U.S. Army approved ballistic material packages for the IOTV. The Army determined that both companies had the manufacturing capabilities to meet the Bridge Buy IOTV production and performance requirements. Only one company -- Point Blank Body Armor -- was awarded the entire contract based on its best value proposition.

Larry Ellis, President and CEO stated, "We are proud Point Blank continues to be the chosen supplier of the U.S. Army and look forward to meeting the requirements of the soldiers who protect our nation. We have continuously proven we have the highest quality, best value products and more capacity than anyone in our industry. We have a track record of exceeding our customers' expectations and this latest award will be no different. Our team firmly believes we are positioned to capture awards from not only the U.S. Army, but other customer segments, both domestically and abroad, especially in light of our recent joint venture, with LifeStone Materials."

For more information on the Improved Outer Tactical Vest, please visit PEO Soldier at www.peosoldier.army.mil.

QUEST MINERALS & MINING CORPORATION (OTCBB: QMNM)
"Up 1.54% in morning trading"

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

Quest Minerals & Mining Corp. engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It owns leasehold interests in various coal properties in eastern Kentucky. The company was founded in 2003 and is based in Paterson, New Jersey.

QMNM News:

July 2 - Quest Minerals & Mining Set for Production Pending Final Directional Engineering Reports

Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt: QMNB.F) announced that its Pond Creek Location is ready to commence coal production operations pending the issuance of final directional engineering reports "spats" by its internal engineering firm, Alchemy Engineering. Management expects said reports to be issued by July 9, 2008 and plans to update the public with production numbers in the coming weeks.

Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I am pleased to announce that we now have the equipment and people in place today to initiate mining operations at our Pond Creek Location. Given the fact that the Independence Day holiday is upon us, we have experienced a slight delay in obtaining final directional engineering reports from our engineering firm, which are expected early next week. Once received, we can then move on to production stage."

NUTRIPURE BEVERAGES INCORPORATED (OTC: NUBV)
"Up 100.00% in morning trading"

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

NutriPure Beverages, Inc. is bringing to market a complete line of nutrient-enhanced bottled water products under the NU2O label. These products are created using a patented technology that is more efficient and less costly than any other currently in use. This unique process adds organic nutrients to water without adding masking flavors, colors or sweeteners, yielding premium enhanced water products that contain no calories, no carbohydrates, no colors and most importantly, no flavors other than pure water. The process is further enhanced using desirable “cold-fill” techniques, which save energy and reduce harmful, “plastic chemical leaching” into the product. The company intends to market a full line of Nu2O nutrient-enhanced water products which will compete with currently available products. Nu2O products will include those that provide vitamin support for general health, a diet formulation for weight watchers, an immune booster, an energy and fitness drink, and additional products to be announced later. For more information, visit www.nutripurebeverages.com.

NUBV News:

July 2 - NutriPure Beverages, Inc. Signs Letter of Intent to Acquire 100% of XND Technologies, Inc.

NutriPure Beverages, Inc. (OTC: NUBV) announced that it has signed a Letter of Intent with XND Technologies, Inc. setting forth the parameters under which NutriPure will acquire 100% of the stock of XND and XND will become a wholly-owned subsidiary of NutriPure. The final agreement is expected to be announced shortly.

Under the terms of the proposed agreement, management of both companies will remain intact and Steve Nickolas will remain as Chairman and CEO of the XND subsidiary. NutriPure’s CEO Ken Jones commented, “We are very pleased to announce that we are in the final stages of completing the restructuring of our relationship with XND Technologies, Inc. All parties believe that this is a vastly superior arrangement that will allow us to quickly move forward with the planned rollout of our Nu2O product line while simultaneously pursuing additional opportunities and income streams. XND will continue to focus its efforts on formulating, developing and bringing to market scientifically cutting edge enhanced beverages while NutriPure’s management team focuses on funding and supporting XND’s efforts, securing additional markets for XND’s products, and expanding the company’s product lines into additional related areas.”

REVENGE DESIGNS INCORPORATED (OTC: RVGD)
"Up 33.33% in morning trading"

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

Revenge Designs is a specialty car designer and production assembler headquartered in N.E. Indiana.

RVGD News:

July 3 - Revenge Designs, Inc. Progress Update

Revenge Designs, Inc. (OTC: RVGD), a specialty car designer and production assembler, provides a corporate update to its shareholders.

Peter Collorafi, Revenge Designs, Inc. President and CEO, stated:

As in the previous press release the excitement surrounding the Honda Ridgeline is outstanding. Every Dealership who has seen the vehicle either in person or via the website is extremely enthusiastic with the overall look of the vehicle and in these times of skyrocketing fuel prices this vehicle now offers great miles to the gallon and is a fantastic looking sports truck. Market awareness must be pursued diligently.

Most Honda Dealerships are expecting their 2009 Ridgelines shortly. Here at Revenge we are gearing up for a very busy period. The next phase of marketing will be concentrating on Ohio to New York; dealer excitement is sure to continue.

The GTM project is moving forward; the design and manufacture of new parts that will be exclusively used by Revenge Designs is a great step forward to producing a finely tuned sports car.

Regarding the expansion plans we have changed the existing floor plan for the new facility. With a lot of consultation the new changes will make assembly run much smoother. That said, the expansion plans are secondary to finalizing the build of the GTM and market awareness and advertising of the company.

We are currently interviewing executives for the sole purpose of pushing forward the Revenge Designs name and quality of work to the masses. We are also working on new designs for future vehicles that can only move the company forward.

Lastly all of us here at Revenge Designs would like to thank everyone for their continuing emails and phone calls of support, together we will keep moving forward.

Sincerely,

Peter Collorafi

UNIVERSAL PROPERTY DEVELOPMENT AND ACQUISITION CORPORATION (OTCBB: UPDV)
"Up 12.28% in morning trading"

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

Universal Property Development and Acquisition Corporation (UPDA), through its subsidiaries, engages in the acquisition, exploration, production, development, storage, and distribution of oil and natural gas in Texas and Kansas. The company also involves in the purchase, transportation, storage, and resale of petroleum products. In addition, it provides drilling, pipeline construction, and well maintenance and development services. The company, formerly known as Procore, Inc., was incorporated in 1982 and is based in Juno Beach, Florida.

UPDV News:

July 2 - Heartland Completes and Successfully Pressure Tests 4 Mile Pipeline, Installation of Flow Lines to Commence for Connection of 12 Wells Expected to Double Coalbed Methane Production

Heartland Oil and Gas Corp. (OTCBB: HTOG) (FWB: HOCA), a subsidiary of Universal Property Development and Acquisition Corporation (OTCBB: UPDV), has successfully conducted pressure testing on its new 4 mile pipeline in Kansas, signaling the completion of that pipeline. Work was then immediately commenced to install the flow lines to each of the 12 new wells to be connected in order to begin the sale of the coalbed methane being generated by those wells.

With this successful testing and anticipated connection of 12 wells, Heartland expects to double the coalbed methane production from this field in Southeast Kansas. In addition, vast additional acreage will be open for further development and drilling along the 4 miles to be accessed by the pipeline.

“We put the necessary pressure into the pipeline and found no leaks along its entire length,” reports Augie Soto, COO of Aztec Well Services, Heartland’s prime contractor on the work. “The four road crossings and 2 creek crossings were our greatest concern and they held without any problems. The 8 inch main is tied into the 12 inch main and the pipeline is secure all the way to the sales meter. We will begin installation of the 4 inch flow lines without delay and have scheduled the contractor to fracture the wells so they are ready for production as soon as we can connect them.”

ABOUT HEARTLAND OIL AND GAS CORP.

In April 2007, Universal Property Development and Acquisition Corporation (OTCBB: UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.

GLOBETEL COMMUNICATIONS CORPORATION (OTC: GTEM)
"Up 15.38% in morning trading"

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

GlobeTel Communications Corp. provides an integrated suite of telecommunications products and services, utilizing Stored Value, Voice over Internet Protocol, and wireless access technologies. Its core products and services are telephony services that include international wholesale carrier traffic; networks; and enhanced services, such as IP telephony. The company's nontelephony products and services consist of outsourced Stored Value services for the international banking and telecommunications community. GlobeTel's Super Hub network, which is in development, is a national wireless broadband network utilizing high-altitude airships called Stratellites that would be used to provide wireless voice, video, and data services. The company's operations exist in Asia, Europe, South America, Mexico, and the Caribbean. GlobeTel was founded in 2002 and is based in Fort Lauderdale, Florida.

GTEM News:

July 3 - Video of Free-Flight Demonstrations During Sanswire-TAO's Stuttgart Conference Available On Web

Sanswire-TAO Corp., the joint venture between GlobeTel Communications Corp. (OTC: GTEM) and TAO Technologies GmbH, announced that video footage of free flight demonstrations of certain of its airship products, occurring in conjunction with the showcase of the Company's high altitude unmanned aerial vehicles (UAV) and development capabilities in Stuttgart last week, have been posted on its website (http://www.sanswire-tao.com).

The videos feature several flights demonstrating the handling and aerodynamic characteristics necessary for controlled flight, as well as the telemetry systems, piloting systems and surveillance capabilities.

The videos are also available on www.globetel.net and www.sanswire.com.

ABOUT SANSWIRE-TAO CORPORATION

Sanswire-TAO exclusively owns and markets all the technology and intellectual property associated with TAO's lighter than air (LTA) unmanned aerial vehicles (UAV), including the Stratellite high-altitude airships, the SAS-51 low-altitude airships, the mid-altitude SkySat airship category, and the PADDS Precision Air Drop Delivery System in the US, Canada and Mexico. Sanswire-TAO Corp. is jointly owned by TAO Technologies GmbH and Sanswire Corp., subsidiary of GlobeTel Communications Corp. For more information, visit www.sanswire-tao.com.

UNIVERSAL ENERGY CORPORATION (OTCBB: UVSE)
"Up 12.50% in morning trading"

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

Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada. As of December 31, 2007, it had working interest in approximately 7,095 acres of land in Louisiana and Texas, as well as in Alberta, Canada. The company, formerly Universal Tanning Ventures, Inc., was founded in 2002 and is based in Lake Mary, Florida.

UVSE News:

July 1 - Universal Energy Corp. Begins Installation of Intermediate Casing at its Lone Oak Prospect in Galveston Bay, Texas

Universal Energy Corp. (OTCBB: UVSE), announced that drilling at its Lone Oak Prospect in Galveston Bay, Texas has reached a measured depth of 11,586 feet. Logging of the hole was completed yesterday and installation of 7 5/8 inch intermediate casing will now be installed to a depth of 11,470 feet. It is estimated that drilling operations at Lone Oak will be completed by July 12, 2008.

Billy Raley, Chief Executive Officer of Universal Energy Corp. stated "We are very excited with the progress at Lone Oak so far. It is important for oil and gas exploration and production companies throughout the United States to continue exploration within our borders." Raley continued, "Building reserves for U.S. consumers, and U.S. stockholders, should be the rallying cry for every E&P company operating within the United States."

Universal Energy Corp. is a publicly-traded energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Louisiana and Texas. Visit www.universalenergycorp.info for more details.