OTCPicks.com

FEATURED COMPANY

U.S. MINE MAKERS INCORPORATED (OTC: USMM)

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

Company Profile:
http://www.otcpicks.com/us-mine-makers/us-mine-makers-2.htm

U.S. Mine Makers, Inc. is a US-based company engaged in "eco friendly" mining and processing of precious metals in Idaho, Nevada and Canada. The Company processes ore concentrate and hard rock ore to recover residual gold, platinum, rhodium and other precious metals from waste rocks of old abandoned mines. The Company`s goal is to process ore in a safe and economical manner, with little or no environmental impact.

USMM News:

August 1 - USMM CEO Ron Bell Interviewed on MoneyTV

MoneyTV is a nationally syndicated television program all about money and what makes it happen (www.moneytv.net), featuring informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures.

Featured guests on this week's program include U.S. Mine Makers, Inc. (OTC: USMM) CEO Ron Bell. Mr. Bell discusses revenues, thresholds of profitability and displays a sample of gold recovered from a reclaimed mine.

The television program can be viewed online immediately at www.moneytv.net.

MoneyTV is broadcast to 45 million TV homes in Western Europe, Wednesdays at 5:00 PM, on UPN-TV in the Virgin Islands and Puerto Rico Sundays at 8:00 AM and is also available in Thailand on the Broad TV Network.

A complete menu of TV listings is available at the MoneyTV web site.

FEATURED COMPANY

PURIO INCORPORATED (OTCBB: PURO)

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

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

Purio Inc. owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell and/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America. Purio is based in Blaine, Washington.

PURO News:

July 31 - Purio Inc. Completes Move of Compact Mobile Water Treatment System to Its First Demonstration Location

Purio Inc. (OTCBB: PURO) announced that it has completed the move of its compact mobile water treatment system to its first demonstration location.

"Our preliminary mechanical testing of the new unit was completed to our total satisfaction with all systems functioning superbly," says Earl Switenky, spokesmen for Purio.

"As planned, our first demonstration is designed to produce drinking water. The unit will be drawing water from a stagnant and polluted pond formerly used to water livestock," says Leonard Girard chief science officer for Purio. "This water certainly is unsuitable for human consumption as is, and this demonstration is designed to prove our unit's ability to produce safe drinking water from such sources economically."

Purio will be submitting water samples to recognized testing laboratories and reporting the results.

In the coming weeks the unit will be moved to a municipal location that will provide an ideal demonstration of the unit's capability to clarify and sanitize residential waste water for recycling purposes.

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:

July 29 - Monogram Energy, Inc. Addresses Shareholders

Monogram Energy, Inc. (OTC: MGRN) would like to update its shareholders on recent corporate events, in particular the activity relating to the Company’s common stock. Monogram Energy wants to assure its stockholders that the Company shares their concerns regarding the recent price drop of the stock, and is doing everything in its power to halt the slide. Monogram’s management is continuing to try and create shareholder value by acquiring wells, delivering oil produced by existing wells, and recognizing revenue. The Company continues its commitment to increase the production of existing and newly acquired wells.

Monogram's management realizes that not every stockholder is a long-term holder, but for those who are we ask that you request your shares in certificate form from your broker. Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated, "We feel it's important that our shareholders know that we are reviewing and analyzing all available sources to try and pinpoint the causes of the price decline of our stock, and that we are taking whatever steps we can to find a solution."

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

GENERAL AUTOMOTIVE COMPANY (OTCBB: GNAU)

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

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

General Automotive Company ("GAC") is a provider of original equipment and aftermarket automotive parts, mobile electronics, and related automotive products at multiple levels of distribution throughout the United States and internationally. Through its two wholly owned subsidiaries, Global Parts Direct and OE Source, the company focuses its efforts on utilizing its relationships with manufacturers in China, Korea and Japan to bring state-of-the-art automotive parts, accessories and products to automobile manufacturers and major parts distributors in the U.S. For more information on GAC and its products, visit www.generalautomotive.com.

GNAU News:

July 30 - General Automotive Announces High-Temperature Sealing System for Fuel Cell and Oxygen Sensor Applications

General Automotive Company (OTCBB: GNAU), a global provider of parts, accessories and advanced technology for the automotive industry, announced that its joint venture with SenCer Inc. has developed a high-temperature glass/ceramic sealing system for fuel cell and oxygen sensor applications. The development allows for thermal cycling of these devices and completely seals against free hydrogen gas molecules.

GA President and CEO Joseph DeFrancisci commented, "Our joint venture — focused on developing, commercializing and marketing UltraTemp(TM) ceramic composite materials — is hitting the ground running. We're pleased to be able to announce an important advance so quickly. When combined with our high-temperature composite technology, this system can provide complete hermetic sealing of advanced solid oxide fuel cells and oxygen sensors at a low cost."

David Burt, President of SenCer and Chief Technology Officer of the joint venture, explained, "The development is an extension of a core glass developed at Los Alamos National Laboratory for space-based atmospheric re-entry. In addition to the Lab's core national security mission, its work advances many other fields such as materials science. By building on the Lab's years of research, we can accelerate the development of commercial solutions for these complex problems."

General Automotive and SenCer recently formed a joint venture — Advanced Composite Technology, LLC (ACT) — to develop, commercialize and market SenCer's groundbreaking UltraTemp(TM) ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. The joint venture is also intended to advance the development of next-generation oxygen sensors, which represent a significant part of GA's current business.

ACT's groundbreaking technology solves the two most persistent problems in fuel cell design - cost and durability - by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. Hydrogen-powered fuel cells are widely viewed as a potential solution for higher energy prices and environmentally damaging emissions. The technology will also enable the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions.

ABOUT SENCER INC.

Established in 1996, SenCer Inc. is a technology research firm that has developed a ceramic composite material, UltraTemp™, with remarkable thermal properties and bonding capabilities. The new technology has applications in oxygen sensing (automotive and medical markets); oxygen generation (aluminum — inert anodes, gas generation, medical); and power generation (fuel cell technology). SenCer has been a behind-the-scenes player in many developments using ceramic composites. It maintains a 20,000 square foot manufacturing facility in Penn Yan, NY.

FEATURED COMPANY

NEXPLORE CORPORATION (OTC: NXPC)

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

Company Profile: www.otcpicks.com/nexplore/nexplore.htm

NeXplore Technologies is developing a Web 2.0 search engine and an assortment of social networking portals and tools that will enable users to personalize their Web experience and tailor it to their unique needs, interests, and online pursuits. The Company’s social computing platform, MyCircle.com, offers an enhanced, user-friendly graphical interface search engine, combined with innovative backend technology, which enables users to improve the way they connect with information and other people on the Worldwide Web. MyCircle’s Web 2.0 interface provides users with an online tool for sharing their Blogs, Voice-Over IP, photos and documents, podcasts and videocasts, classified advertising, instant messages, SMS text messages, Chat and personal profiles.

NXPC News:

July 31 - Scott Grizzle, Chief Marketing Officer of NeXplore Corporation, Discusses Recent Web Traffic on WallSt.net's 3-Minute Press Show

NeXplore Corporation (OTC: NXPC), an Internet technology company, announced that the company's Chief Marketing Officer, Scott Grizzle, is featured in an exclusive interview on WallSt.net's “3-Minute Press Show.”

The interview gives viewers an overview of the company, and the significance of the company's latest press release.

To view the clip in its entirety, visit www.tv.wallst.net/r/3-minute-press/Scott-Grizzle-NXPC/183/796.

STOCKS TO WATCH

PURADYN FILTER TECHNOLOGIES INCORPORATED (OTCBB: PFTI)
"Up 30.43% in morning trading"

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

Puradyn designs, manufactures and markets the puraDYN® Oil Filtration System, the most effective bypass oil filtration product on the market today. It continuously cleans lubricating oil and maintains oil viscosity to safely and significantly extend oil change intervals and engine life. Effective for internal combustion engines, transmissions and hydraulic applications, the Company's patented and proprietary system is a cost-effective and energy-conscious solution targeting an annual $15 billion potential industry. PuraDYN® equipment was selected as the manufacturer used by the U.S. Department of Energy in a three-year evaluation to research and analyze the performance, benefits and cost analysis of bypass oil filtration technology.

PFTI News:

July 31 - Puradyn Receives First U.S. Army Contract

Oil Filtration System Heading to Iraq and Afghanistan to Help Support Our Soldiers

Puradyn Filter Technologies Incorporated (OTCBB: PFTI) announced that it has received a contract from the U.S. Army to supply 70 puraDYN® oil filtration systems. The contract is to outfit the Joint Explosive Ordnance Disposal Rapid Response Vehicle (JERRV), which is part of the family of vehicles commonly known as MRAP (Mine Resistant Ambush Protected).

The MRAP vehicles have received outstanding service reports over the past few years in the war on terror. In fact, due to outstanding performance, the MRAP is considered an "urgent need," receiving major support in Congress and is considered the next generation of armored fighting vehicles.

Kevin G. Kroger, President and Chief Operating Officer, Puradyn, said, "This first order, and further anticipated orders, is the result of a combination of hard work and strong team effort between the U.S. Army and Puradyn. We began testing our system with the U.S. Army on this project in late 2005 and based on the results in field combat situations, the system was proven worthy and combat-ready. We are confident this will continue to open doors for us with other military vehicles."

Kroger continued, "We are proud of the performance our system has shown under very demanding conditions. Its performance will help the MRAP team meet the Army Material Command's efforts to reduce oil usage and consumption as well as help our soldiers by keeping the vehicles in continuous service."

Kroger concluded, "The safe extension of the oil's life and therefore the vehicle's service interval, translates into a significant reduction in the military's sustainment costs. By reducing the amount of oil required for equipment, the Army is also able to reduce the number of tankers needed to transport the oil to the equipment. The puraDYN system provides far-reaching, indirect benefits in longer engine life and lower maintenance costs."

NEOMEDIA TECHNOLOGIES INCORPORATED (OTCBB: NEOM)
"Up 24.00% in morning trading"

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

NeoMedia Technologies, Inc. is the global leader in optically initiated wireless transactions, bridging the physical and mobile world with innovative direct to web technology solutions. To provide a robust high-performance infrastructure for the processing of optical codes NeoMedia extends their offering with award winning Gavitec technology. Located in Germany, Gavitec AG - mobile digit is a leader in development and distribution of mobile scanners and software for mobile applications. In addition, Gavitec provides standardized and individual solutions for mobile marketing, couponing, ticketing and payment systems. To learn more, visit www.neom.com, www.neoreader.com, and www.mobiledigit.de.

NEOM News:

July 31 - NeoReader for Apple's iPhone Provides Easy Access to Mobile Content on the Go

NeoMedia Technologies (OTCBB: NEOM), the global leader in camera-initiated transactions for mobile devices, announced today that their mobile barcode scanning application — NeoReader® — is now available for the iPhone and free to download from Apple's App Store. The NeoReader transforms the iPhone into a barcode scanner which provides instant access to mobile content by clicking on 2D barcodes.

Available immediately for free download, iPhone users simply install the NeoReader barcode scanning application onto their iPhone via Apple's App Store, either over a cell network or using Wi-Fi. The application is also accessible via iTunes.

The NeoReader application turns the iPhone into a mobile conduit to interactive content and information. The simple "one click" access makes the mobile internet much more accessible for iPhone users — by scanning 2D barcodes via the iPhone's camera, users avoid typing in long URLs and navigating cumbersome menus. The 2D barcodes serve as "hyperlinks" from printed mediums to mobile web content and are activated when and where users choose.

The use cases for mobile barcodes are virtually endless, from advertising or editorial content (e.g. movie trailer, product coupon or video content to accompany a print article) to public service information (e.g. bus schedules or prescription drug information) and personal information (e.g. interactive business card). iPhone users can even promote themselves with mobile barcodes. By creating personal codes users can link their website to a business card, a t-shirt, a social networking profile or any other creative place a barcode can be printed.

"We are very exited the NeoReader for iPhone has been approved by Apple -- the superior web experience of iPhone translates to an enhanced experience with the NeoReader as well. iPhone users are exactly the type of consumers that can propel mobile barcode usage into the mainstream," stated Iain McCready, CEO of NeoMedia Technologies. "We know the mobile handset is sacred ground for iPhone users and we respect that. The NeoReader empowers consumers to 'take control' of the content that reaches their iPhone — they choose when and where they want to engage with a mobile barcode. NeoMedia makes sure the experience is secure, fast and reliable. I believe the NeoReader can be the breakthrough needed to deliver the promise of an easy and accessible mobile internet experience."

The NeoReader is a universal barcode scanning application that reads all standard 2D barcode symbologies — QR, Data Matrix, Aztec — so iPhone users won't need multiple barcode readers. Many companies are beginning to utilize 2D barcodes in their marketing and communications efforts. By installing the NeoReader, iPhone users will enjoy the value and convenience of a rich and relevant interactive experience wherever they encounter a mobile barcode.

ERF WIRELESS INCORPORATED (OTCBB: ERFW)
"Up 32.35% in morning trading"

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

ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Enterprise Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national, and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than twenty years. For more information, visit www.erfwireless.com or call 281-538-2101.

ERFW News:

July 29 - ERF Wireless Announces WiNet™ Contracts With Banks in Texas and Louisiana

Resale of Excess Bandwidth and Advanced Wireless Services to Add Millions in Recurring Revenue for ERF Wireless

ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced that its ERF Enterprise Network Services subsidiary has entered into ten-year, multi-million dollar WiNet System contracts with Louisiana-based Fidelity Homestead Bank and Texas-based Classic Bank to bring wireless broadband to certain rural communities in both Texas and Louisiana. These new contracts will utilize each bank’s excess wireless bandwidth and wireless infrastructure to provide Wireless Internet Service Provider (WISP) products and services to the banks’ commercial and retail customers. The WiNet System Agreements are in addition to the previously announced BranchNet and US-BankNet contracts with each bank. ERF Wireless will operate and support its WiNet product offerings through its Wireless Bundled Services subsidiary and estimates its WiNet operations for both banks will be initiated in the fall of 2008. After a ramp-up period, the contracts are expected to generate more than $7 million in recurring revenues to ERF Wireless after the revenue share to the banks over the next ten years. The banks will receive a percentage of the gross subscriber revenues as part of the agreement.

R. Greg Smith, CEO of ERF Enterprise Network Services, commented, “Because ERF Wireless has a relationship with their financial institution, the bank’s customers have a compelling reason to purchase Internet services from us rather than from a local cable or DSL provider. We also have the advantage of offering them unique products and services they simply can’t obtain anywhere else.”

Smith went on to note that the WiNet System Agreements allow the company’s Wireless Bundled Services subsidiary to expand its current base of residential and commercial customers and develop a number of new, underserved markets. The revenue sharing agreements with the banks also allow ERF Wireless to quickly enter into servicing these new territories without having the expense of constructing or leasing new towers.

Richard E. Williams, President of Classic Bank, stated, “We have many customers who could use the WiNet services that include high-speed access to Internet banking, merchant check capture, spam-free email and web hosting. And we like the fact that giving our customers access to this advanced technology is another way our bank can bring more valued-added services to our community.”

“The BankNet, BranchNet and WiNet contracts we’ve signed with Fidelity Homestead and Classic Bank underscore that our efforts are paying off in educating financial institutions on just how powerful and profitable our integrated trio of advanced wireless broadband products and services can be,” said ERF Wireless CEO Dr. H. Dean Cubley. “When we combine our bank networks and the follow-on WiNet coverage with our existing WISP network coverage, ERF Wireless has a wireless network footprint that is one of the largest networks in the nation and covers a number of vertical markets, in addition to banks and financial institutions, such as petrochemical, healthcare and especially oil and gas production.”

ABOUT ERF ENTERPRISE NETWORK SERVICES (“ENS”)

ERF Enterprise Network Services is an experienced provider of encrypted wireless networks throughout rural areas of the U.S. The company and its principals have been in the LAN/WAN, network integration, telecommunications, ISP, and, encryption technology businesses for more than twenty years and have constructed secure, encrypted, wireless broadband networks and other secure data processing systems for banks, primarily in rural communities across America. For more information, visit www.erfwireless.com/enterprise.htm or call 866-352-9533.

PRIMUS TELECOMMUNICATIONS GROUP (OTCBB: PRTL)
"Up 21.87% in morning trading"

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

PRIMUS Telecommunications Group, Incorporated (OTCBB: PRTL) is an integrated communications services provider offering international and domestic voice, voice-over-Internet protocol (VOIP), Internet, wireless, data and hosting services to business and residential retail customers and other carriers located primarily in the United States, Canada, Australia, the United Kingdom and western Europe. PRIMUS provides services over its global network of owned and leased transmission facilities, including approximately 500 points-of-presence (POPs) throughout the world, ownership interests in undersea fiber optic cable systems, 18 carrier-grade international gateway and domestic switches, and a variety of operating relationships that allow it to deliver traffic worldwide. Founded in 1994, PRIMUS is based in McLean, Virginia.

PRTL News:

July 31 - PRIMUS Telecommunications Reports Second Quarter 2008 Financial Results

PRIMUS Telecommunications Group, Incorporated (OTCBB: PRTL), a global, facilities-based integrated communications services provider, announced its results for the quarter and six months ended June 30, 2008.

Second Quarter 2008 Highlights:

* $236 Million Net Revenue, Up $10 Million or 5% From Prior Quarter
* $15 Million Income from Operations, Up $5 Million From Prior Quarter
* $24 Million Adjusted EBITDA, Up $9 Million From Prior Quarter
* $64 Million of Debt Principal Reduction
* Net Revenue and Adjusted EBITDA Guidance Adjusted Upward

PRIMUS reported second quarter 2008 net revenue of $236 million, up $10 million from $226 million in both the prior and year-ago quarters. The Company reported $44 million of net income for the quarter, compared to a net loss of $3 million in the prior quarter and net income of $12 million in the second quarter 2007. As a result, the Company reported basic and diluted net income per common share of $0.31 and $0.24, respectively, in the second quarter 2008, as compared to basic and diluted net loss per common share of ($0.02) in the prior quarter and basic and diluted net income per common share of $0.10 and $0.07, respectively, in the year-ago quarter.

"We are encouraged by our second consecutive quarter of net revenue growth. Based on this performance we are revising upward our 2008 revenue guidance. We are now targeting positive year-over-year revenue growth versus our earlier guidance of a 2% to 5% decline in 2008," said K. Paul Singh, Chairman and Chief Executive Officer of PRIMUS. "We are also pleased that continued increases in our growth products have again eclipsed the decline in legacy services."

"Growth in net revenue, together with continued cost management, has generated $24 million in Adjusted EBITDA, up sharply from $15 million in the first quarter. Even after excluding the $6 million regulatory award involving excessive pricing by Telstra, Adjusted EBITDA results represent a sequential increase of 17%."

Also during the quarter, as previously announced, PRIMUS reduced outstanding debt principal by $63 million through private exchange transactions. The Company successfully issued $67 million principal amount of new debt plus $4.7 million in cash in exchange for $130 million principal amount of outstanding debt. This transaction reduced overall debt principal levels by 10%, reduced debt maturing in the latter half of 2009 from $28.1 million to $22.8 million, and reduced debt maturing in the latter half of 2010 from $133.6 million to $57.6 million.

Subsequent to the end of the second quarter, a Canadian affiliate, of which the Company currently owns slightly less than 50% of the equity, sold certain primarily rural WIMAX spectrum assets (representing approximately 10% of its spectrum population coverage) for cash consideration of $5 million. "While we continue to pursue other potential sales of select assets to improve liquidity and to narrow geographical focus to our major franchises, prevailing uncertainty in the capital markets combined with a weak overall economic outlook is likely to extend our time horizon to meet the goal of generating $50 million in cash proceeds from assets sales, particularly if valuation parameters are not at acceptable levels," Mr. Singh said.

"In light of our revised revenue guidance and operating performance, and assuming currency exchange rates remain at current levels, we are adjusting upward our full year 2008 Adjusted EBITDA target to the vicinity of $75 million, versus a previous range of $65 million to $80 million. As in past quarters, that outcome will be influenced by the success we achieve in our expanded sales and marketing efforts. We continue to expect capital expenditures for the year to be in the $25 million to $30 million range, approximately $5 million lower than our initial guidance," Mr. Singh concluded.

Second Quarter 2008 Financial Results

"Second quarter 2008 net revenue was $236 million, up 5% or $10 million from both the prior and year-ago quarters. The $10 million revenue increase as compared to the prior quarter was comprised of a $7 million increase in wholesale services revenue, a $3 million increase from the weakening of the United States dollar (primarily as compared to the Australian dollar) and stable retail services revenue," said Thomas R. Kloster, Chief Financial Officer. "Our retail services revenue reflects continued increases from our growth products of broadband, VOIP, local, wireless, data and hosting revenues which, for the second quarter in a row, slightly exceeded the decline in legacy voice and dial-up Internet services revenue. The continued favorable retail revenue results lend validity to our strategy of making network investments and shifting resources to sales and marketing to promote our growth products."

Net revenue from broadband, VOIP, local, wireless, data and hosting services was $62 million (26% of net revenue) for the second quarter 2008, up from $60 million (26% of net revenue) in the prior quarter -- a sequential growth rate of 3%. The mix of net revenue was 79% retail (53% residential and 26% business) and 21% wholesale. The second quarter retail revenue mix of 79% compares to 82% and 81% in the prior and year-ago quarters, respectively. Geographic retail revenue mix, as a percent of total revenue, was comprised of 32% from Asia-Pacific, 29% from Canada, 7% from Europe and 11% from the United States.

Net revenue less cost of revenue was $94 million or 39.6% of net revenue in the second quarter as compared to $84 million and 37.3% in the prior quarter and $85 million and 37.4% in the year-ago quarter. In April 2008, the Australian Competition and Consumer Commission ("ACCC") issued a Final Determination related to unconditional local loop services connection and call diversion charges. As a result, the Company received a cash refund of a portion of the previously paid excessive fees plus interest. The second quarter 2008 results included a $6 million benefit to cost of revenue from the refund mandated by the ACCC.

Selling, general and administrative (SG&A) expense in the second quarter was $70 million (29.7% of net revenue), up $1 million from $69 million in the prior quarter but down as a percentage of revenue from 30.6%, and up $1 million from $69 million (30.3% of net revenue) in the year-ago quarter. The sequential increase is partially attributable to a $1 million increase in advertising expense.

Income from operations was $15 million in the second quarter 2008 (including the $6 million regulatory award), an improvement of $5 million from the prior quarter (which included a $3 million gain from the sale of a minority equity investment) and an improvement of $7 million from the second quarter 2007.

Second quarter 2008 Adjusted EBITDA, as calculated in the attached schedule, was $24 million, an increase of $9 million from $15 million in the prior quarter and an increase of $8 million from $16 million in the year-ago quarter. The second quarter 2008 Adjusted EBITDA included the $6 million regulatory award.

Interest expense for the second quarter 2008 was $14 million, down $1 million from the prior quarter and down $2 million from the second quarter 2007. The sequential and year-over-year decrease is attributable to debt reduction transactions.

Net income was $44 million in the second quarter 2008 (including a $32 million gain from early extinguishment or restructuring of debt and an $8 million gain on foreign currency transactions), as compared to a net loss of ($3) million in the prior quarter (including a $2 million gain on early extinguishment or restructuring of debt and a $2 million gain on foreign currency transactions), and net income of $12 million in the second quarter 2007 (including a $2 million loss on early extinguishment or restructuring of debt and a $15 million gain on foreign currency transactions).

Basic and diluted net income per common share was $0.31 and $0.24, respectively, in the second quarter 2008, as compared to basic and diluted net loss per common share of ($0.02) in the prior quarter and basic and diluted net income per common share of $0.10 and $0.07, respectively, in the year-ago quarter. Adjusted Diluted Net Income Per Common Share, as calculated in the attached schedule, was $0.02 for the second quarter 2008, compared to a loss of ($0.07) for the first quarter 2008 and break-even in the year-ago quarter.

The Company is currently assessing the impact on its results of various matters that relate to income taxes. Therefore, certain figures presented in this press release, may, depending on the outcome of the assessment, differ from those that will be presented in the Company's Form 10-Q for the periods ended June 30, 2008.

Liquidity and Capital Resources

PRIMUS ended the second quarter 2008 with an unrestricted cash balance of $56 million, stable with the balance as of the end of the first quarter 2008. Cash transactions were comprised of $8 million for capital expenditures, $14 million on debt coupon and other interest payments, $5 million to purchase and retire certain of the Company's outstanding debt, and $1 million for scheduled debt principal reductions. These declines were offset by $24 million of Adjusted EBITDA, $2 million of interest income, $1 million released from restricted cash, and $1 million from working capital movements.

Free Cash Flow for the second quarter 2008, as calculated in the attached schedule, was $5 million (comprised of $13 million provided by operating activities and $8 million utilized for capital expenditures) as compared to negative ($14) million in the prior quarter and positive $1 million in the year-ago quarter.

The principal amount of PRIMUS's long-term debt obligations as of June 30, 2008 was $585 million, as compared to $649 million at March 31, 2008.

CONEXANT SYSTEMS INCORPORATED (NASDAQ: CNXT)
"Up 14.88% in morning trading"

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

Conexant’s comprehensive portfolio of innovative semiconductor solutions includes products for Internet connectivity, digital imaging, and media processing applications. Conexant is a fabless semiconductor company that recorded revenues of $809 million in fiscal year 2007. The company is headquartered in Newport Beach, Calif. To learn more, visit www.conexant.com.

CNXT News:

July 31 - Conexant Reports Financial Results for the Third Quarter of Fiscal 2008

Company Also Increases Guidance for the Fourth Fiscal Quarter

Conexant Systems, Inc. (NASDAQ: CNXT) announced financial results for the third quarter of fiscal 2008 that exceeded the company’s expectations entering the quarter. The company also increased its previously provided guidance for the fourth fiscal quarter.

Third Fiscal Quarter Financial Results

Conexant presents financial results based on Generally Accepted Accounting Principles (GAAP) as well as select non-GAAP financial measures intended to reflect its core results of operations. The company believes these core financial measures provide investors with additional insight into its underlying operating results. Core financial measures exclude non-cash and other non-core items as fully described in the GAAP to non-GAAP reconciliation in the accompanying financial data.

On April 29, 2008 Conexant announced the planned sale of its Broadband Media Processing (BMP) product lines to NXP Semiconductors in a transaction valued at up to $145 million. The transaction is expected to be completed in August 2008, and the financial results of the BMP business unit have been classified as discontinued operations in the company’s third fiscal quarter financial statements. Because the company’s guidance for the third fiscal quarter included expected financial results for BMP, third fiscal quarter non-GAAP financial measures including and excluding the BMP business have been provided in the accompanying financial tables.

Including results from discontinued operations related to the BMP business, Conexant’s non-GAAP core revenues for the third quarter of fiscal 2008 were $171.1 million. Core gross margins were 47.1 percent of revenues, and core operating expenses were $69.6 million. Core operating income was $11.0 million, and core net income was $2.0 million, or $0.04 per share.

Excluding results from discontinued operations related to the BMP business, Conexant’s core net revenues for the third quarter of fiscal 2008 were $115.6 million. Core gross margins were 50.6 percent of revenues. Core operating expenses were $46.0 million, and core operating income was $12.5 million. Core net income was $6.0 million, or $0.12 per diluted share.

On a GAAP basis, net revenues for the third quarter of fiscal 2008 were $115.6 million. GAAP gross margins were 50.5 percent of revenues. GAAP operating expenses were $184.8 million. GAAP operating loss was $126.4 million. GAAP net loss from continuing operations was $126.4 million, or $2.56 per share, and GAAP net loss was $149.9 million, or $3.03 per share. The GAAP net loss in the quarter included a loss of $23.5 million from discontinued operations and asset impairment charges of $120.4 million related to the write-down of goodwill and certain tangible and intangible assets associated with the company’s Broadband Access business.

The company ended the quarter with $134.6 million in cash and cash equivalents due to the reclassification of $29.0 million to restricted cash.

Business Perspective

“During the third fiscal quarter, the Conexant team continued to make outstanding progress across multiple fronts,” said Scott Mercer, Conexant’s chief executive officer. “For the third consecutive quarter, we met or exceeded our expectations on every major financial metric. Revenues of $171.1 million, which included our Broadband Media Processing business, came in at the high end of the range we previously provided. Core gross margins of 47.1 percent of revenues exceeded the high end of our expectations by 160 basis points, and core operating expenses of $69.6 million were below the low end of the range we provided entering the quarter. During the quarter, we also introduced innovative new products targeted at high-growth market segments, and we executed a 1-for-10 reverse stock split.

“After the close of the quarter, we announced the acquisition of Freescale Semiconductor’s ‘SigmaTel’ multi-function printer imaging business, which is consistent with our strategy of augmenting our investments in new-product development with select acquisitions in the high-growth market segments we address,” Mercer said.

“Moving forward, we will continue to focus on delivering improved financial performance,” Mercer said.

Business Outlook

In June, the company said that it expected revenues for the fourth quarter of fiscal 2008 to be in a range between $115 million and $120 million. The company now expects revenues for the fourth fiscal quarter to be in a range between $120 million and $125 million, which includes a modest revenue contribution from the SigmaTel acquisition.

The company expects core gross margins for the fourth fiscal quarter to be between 51.5 and 52.5 percent of revenues, compared with previous expectations of 49.5 to 50.5 percent.

The company also anticipates fourth fiscal quarter core operating income in a range between $14 million and $16 million, resulting in core net income of $0.13 to $0.17 per share. Previously, the company expected core net income of $0.08 to $0.12 per share.

NUTRACEA CORPORATION (OTCBB: NTRZ)
"Up 18.07% in morning trade"

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

NutraCea, a health-science company, develops and distributes stabilized rice bran and proprietary rice bran formulations. Its products include food supplements and medical foods that provide health benefits for humans and animals based on stabilized rice bran, rice bran derivatives, and the rice bran oils. The company's customers include consumer nutrition and healthcare companies, domestic and international food companies, and companion animal feed manufacturers. NutraCea was founded in 2000 and is headquartered in Phoenix, Arizona.

NTRZ News:

July 31 - NutraCea Announces Second Quarter Conference Call

* Company Reconfirms Revenue Guidance for Second Quarter
* All Construction Projects Are on Schedule

NutraCea (OTCBB: NTRZ), a world leader in stabilized rice bran (SRB), nutrient research and technology, announced that it will release its second quarter results on Monday, August 11, 2008, after market close.

Management will host a conference call at 5:30 p.m. ET on Monday, August 11, to review second quarter financial results. Interested parties should dial 800-257-1927. International callers should dial 303-262-2138.

The call is also available via a Webcast that can be accessed at www.investorcalendar.com/IC/CEPage.asp?ID=132444 and will be archived for 30 days.

The Company previously provided guidance on the first quarter conference call May 12, 2008 for revenues for the second quarter to be between $9 and $10 million. The Company is pleased to report that it will meet or exceed this guidance for the second quarter and that all of its previously announced construction projects are on schedule.

Management is continuing to evaluate various financing options available to them to fund the construction of the world's largest rice bran oil refinery in China and expects to announce the appropriate financing option before September 30, 2008.

MEMORY PHARMACEUTICALS CORPORATION (NASDAQ: MEMY)
"Up 8.54% in morning trading"

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

Memory Pharmaceuticals Corp., a biopharmaceutical company, focuses on the discovery and development of drug candidates for the treatment of central nervous system conditions. It offers drugs for neurological diseases associated with aging, such as Alzheimer's disease, as well as psychiatric disorders, such as schizophrenia, cognitive impairment associated with schizophrenia (CIAS), and depression. The company's products include MEM 1003, a neuronal L-type calcium channel modulator that is in phase II clinical trials for the treatment of Alzheimer's disease and bipolar disorder; and nicotinic alpha-7 agonists, including MEM 3454, a phase IIa clinical trial product and MEM 63908, a phase I clinical trial product for the treatment of Alzheimer's disease and CIAS. Its products also comprise PDE4 inhibitors, including MEM 1414, a phase I clinical trial program, as well as MEM 1917 for CNS disorders and depression; PDE10 Inhibitor program; and 5-HT6 Antagonists for the treatment of Alzheimer's disease, schizophrenia, attention deficit disorder, and obesity. The company has collaborations with F. Hoffman-La Roche, Ltd. for the development of nicotinic alpha-7 agonists; and Amgen, Inc. for the development of PDE10 inhibitors. In addition, it has a development agreement with The Stanley Medical Research Institute to develop MEM 1003 as a treatment for bipolar disorder. The company was founded in 1997 and is based in Montvale, New Jersey.

MEMY News:

July 30 - Memory Pharmaceuticals Presents Positive Preclinical Data for MEM 68626 at ICAD 2008

Memory Pharmaceuticals Corp. (Nasdaq: MEMY) presented preclinical data for MEM 68626, its lead 5-HT6 antagonist drug candidate, at the 2008 Alzheimer's Association International Conference on Alzheimer's Disease (ICAD) in Chicago. The results demonstrate that MEM 68626 is effective in models of cognition that are considered predictive of efficacy in Alzheimer's disease and mild cognitive impairment (MCI). In addition, the data suggests the potential for once-daily oral dosing with a favorable safety and toxicology profile.

"We are extremely pleased with the data emerging from our proprietary 5- HT6 antagonist program. MEM 68626 produces a robust effect in key models of cognition with a favorable safety and pharmacokinetic profile, providing a strong rationale for clinical development in a cognition indication," stated Vaughn M. Kailian, President and Chief Executive Officer of Memory Pharmaceuticals. "We look forward to advancing this program into the clinic by year-end."

The results were presented in a poster titled "Characterization of serotonin 5-HT6 receptor antagonists as putative drugs for age-related mild cognitive impairment and Alzheimer's disease." The data included the following:

* MEM 68626 significantly enhanced object recognition in young rats, demonstrating improvements in both acquisition and consolidation memory processes in a model of episodic memory.

* In a model of spatial reference memory, MEM 68626 restored cognitive function in aged-impaired rats, and this effect was maintained with longer- term dosing.

* The data suggests that MEM 68626 was active in the cortical and hippocampal areas of the brain, critical regions that are compromised in Alzheimer's disease and MCI.

* Pharmacokinetic studies of MEM 68626 demonstrated that the compound achieved plasma and brain exposure levels sufficient for once-a-day dosing.

Memory Pharmaceuticals also presented a poster titled "Working Memory Deficits in rTg4510 Tau Transgenic Mice," which was selected as a "Hot Topics" presentation.

ABOUT MEM 68626

MEM 68626 is a novel, potent and selective antagonist of the 5-HT6 receptor, a validated target for the treatment of cognitive disorders. The compound has demonstrated efficacy in multiple preclinical models of cognition and obesity and has a favorable safety and toxicology profile in animal studies. MEM 68626 is the lead compound in Memory Pharmaceuticals' 5-HT6 antagonist program.