OTCPicks.com

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:

September 3 - Copper King Mining Corporation Announces Bridge Funding

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, announced that it closed on bridge funding with a third party lender.

Copper King today announced that it closed a private transaction on Friday, August 29, 2008, for bridge funding that is associated with its anticipated permanent bond financing. The company affirmed that the bridge funding was completed by a third party investor in a related industry; that the terms of the financing are favorable to the company; and that no equity was involved in the transaction.

The company anticipates using the bridge funding to complete construction of its state-of-the-art Flotation Mill near Milford, Utah.

FEATURED COMPANY

ANGSTROM MICROSYSTEMS CORPORATION (OTCBB: AGMS)

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

Company Profile:
http://www.otcpicks.com/angstrom-microsystems/angstrom-microsystems.htm

Angstrom Microsystems is one of the top Green computing companies, providing technology solutions ranging from liquid-cooled blades to acceleration software in order to help reduce the power requirements of datacenters. Its customers include Rhythm & Hues, Fox Films, Tippett Studios and the National Institutes of Health. Angstrom has earned a reputation for quality, service, and engineering innovation in the AMD Opteron processor-based system market. See Angstrom Microsystems in the end credits of Blue Sky Studios' "Ice Age: The Meltdown."

AGMS News:

September 3 - Angstrom Microsystems Acceleration Software Uses Gaming Technology to Save Data Centers Energy

Faster Servers Mean Fewer Servers Needed, Saving Overall Power Usage in the $15 Billion High Performance Computing (HPC) Market

Angstrom Microsystems Corp. (OTCBB: AGMS) is a market leader in "Green Computing" solutions. Angstrom's Xfactor Plus(TM) acceleration software saves energy within data centers by reducing the number of machines needed to run certain computation-intensive calculations for various types of applications, hence saving air conditioning and electricity in the data center. A report by the EPA dated August 2007 indicates the severe nature of the power and air-conditioning problem befalling data centers around the U.S.

Typically used by video game enthusiasts, high-end graphics cards (Graphic Processing Units - GPUs) drive Angstrom's software, providing plug-and-play ultra-fast solutions for the HPC market. As commercial off-the-shelf (COTS) components, GPUs are critical to Angstrom's success by driving down hardware costs for comparable computations, while providing a path to compatibility with existing customer software.

Xfactor Plus provides speed increases between 10x and 100x depending on the application or library being accelerated and is fully compatible with existing software. An Increase in performance per computer often leads to a reduction in their numbers, saving data center resources that would have otherwise been spent on inefficient computing.

Angstrom's Xfactor Plus software acceleration solutions are geared towards a variety of vertical market segments including high performance computing, life sciences, movie special effects and animation rendering, oil and gas applications, design and automation, broadcast applications and Internet multi-media.

"Angstrom was recently first-to-market with the popular FFTW (Fast Fourier Transform) compatible library solution based on the core Xfactor Plus technology," said Lalit Jain, CEO of Angstrom Microsystems. Mr. Jain continues, "Our Xfactor Plus 'FFTW' library has been very successful, and we are actively working on many other software acceleration solutions to address a variety of other high-end vertical market server applications."

Xfactor Plus is sold as a stand-alone package that can be installed on existing Linux-based computers and as a turnkey solution installed on Angstrom hardware.

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:

September 2 - General Automotive Announces Joint Venture Operating Terms

Acquisition Focused Automotive Company and Notable Ceramics Research Firm Join Forces in Automotive Fuel Cell and Sensor Technology Venture

General Automotive Company (OTCBB: GNAU), a North American provider of parts, accessories and advanced technology for the automotive industry, announces the operating agreement terms for their newly created joint venture named Advanced Composite Technology, LLC (ACT), per the Company’s recent 8-K filing denoting such in regard to its definitive agreement with SenCer, Inc.

General Automotive and SenCer recently formed the ACT joint venture to develop, commercialize and market SenCer’s groundbreaking UltraTemp™ ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies.

The joint venture also intends to advance the development and commercialization of next-generation oxygen sensors, which represent a significant part of the Company’s current business, which generated total annual revenues of $15.3 million in 2007.

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. The technology will also enable the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions for motor vehicles worldwide.

General Automotive President and CEO Joseph DeFrancisci commented, “Backed by extensive field test data supporting remarkable thermal properties and the bonding relationship with engineered oxide, conductive metals and ceramics coatings from SenCer’s breakthrough technology UltraTemp™; we believe this new joint venture will accelerate commercial development of potential industry-changing devices in the automotive sensor and fuel cell technology markets globally.”

Joint Venture Operating Terms with Commercial Viability Timeline

On July 22, 2008, General Automotive Company (GAC) and SenCer, Inc. entered into an Operating Agreement which sets forth the regulations, terms and conditions under which Advanced Composite Technology, LLC (ACT), the Joint Venture will be operated.

The Operating Agreement provides that GAC and SenCer shall each hold 50% membership interests in the Joint Venture. Initially, GAC shall contribute services and incur such costs and expenses as it shall deem necessary to determine the commercial viability of the Joint Venture’s business, of which services have an agreed-upon value of $200,000.

In the event GAC becomes satisfied that the business is commercially viable, GAC shall make additional capital contributions of up to $750,000 to fund the operations of the Joint Venture and SenCer shall contribute to the Joint Venture a license to use SenCer’s ceramic composite technology for any and all transportation applications, all pursuant to an exclusive license agreement by and between the Joint Venture and SenCer.

If commercial viability has not been achieved by January 15, 2009, the Joint Venture will be dissolved unless GAC elects to continue its existence. This early exit clause under General Automotive’s control, not only positions the Company for significantly greater shareholder value with very little risk, but also the short term time horizon that both joint venture partners expect to establish commercial viability by.

GAC shall be the sole managing member of the Joint Venture, responsible for the day-to-day operations as well as certain marketing activities for Advanced Composite Technology.

SenCer shall design and develop applications and prototype products for clients of the Joint Venture. The description of the Operating Agreement above is a summary and is qualified in its entirety by reference to the Operating Agreement as filed with the S.E.C.

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 maintains a 20,000 square foot manufacturing facility in Penn Yan, NY.

FEATURED COMPANY

SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)

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

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

SpongeTech Delivery Systems is a development stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.

SPNG News:

September 2 - SpongeTech® Delivery Systems, Inc. CEO Interviewed Live on Steve Crowley's American Scene Radio Show

SpongeTech's CEO Interview Aired Today on American Scene Radio Show

SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that its CEO and President, Michael Metter, will be interviewed today on Steve Crowley's American Scene Radio Show at 11:34 a.m. EDT. The interview can be heard live on BusinessTalkRadioNetwork® affiliate radio stations streamed on its website, www.businesstalkradio.net. You can find local radio stations by accessing the website, as well. Mr. Metter will be scheduled for future interviews on American Scene, where he will keep listeners updated on SpongeTech's products and developments.

FEATURED COMPANY

INDUSTRIAL BIOTECHNOLOGY CORPORATION (OTC: IBOT)

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

Company Profile:
http://www.otcpicks.com/industrial-biotech/industrial-biotech-2.htm

Industrial Biotechnology Corporation, (IBC) provides products, services and technologies using renewable resources as an alternative to petroleum and traditional manufacturing methods. IBC production processes are eco-efficient and apply and adhere to sustainable practices and standards. IBC accomplishes this with the ALCHEMx Production Platforms™, which integrates technologies, sustainable manufacturing, and distribution with supply chain partners to meet customer needs and pricing requirements. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels.

IBOT News:

August 27 - Industrial Biotechnology Corporation Announces VP of Investor and Public Relations

Company Highlighted in BIOMASS Magazine

Industrial Biotechnology Corporation (OTC: IBOT) (IBC) announced the appointment of Craig McClure as VP of Investor and Public Relations. Mr. McClure has over 20 years in the investment services industry working as a licensed professional with companies such as Wachovia Securities, Aegon NV and LaSalle St. Securities.

“I am very pleased to join Industrial Biotechnology Corporation. Economic conditions, environmental concerns and the efficient use of the planet's food resources have placed sugar cane based ethanol at the forefront of efficient petroleum alternatives. Our current coverage in BIOMASS Magazine is indicative of the Industry interest we are receiving. Eco-efficient sugarcane ethanol used as both a petrochemical and fuel alternative makes the most sense economically and for the environment,“ said Craig McClure, IBC VP of Investor and Public Relations.

BIOMASS Magazine is produced by BBI Media, the world leader in biofuels/biomass industry publishing. They also publish Ethanol Producer Magazine and Biodiesel Magazine as well as offering an ever expanding line of online services. A copy of the article can be viewed here: BIOMASS Magazine September, 2008.

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 4 - U.S. Mine Makers Goes 'Green' With Their Gold Recovery Process

U.S. Mine Makers, Inc. (OTC: USMM) prides itself as “eco-friendly,” and this company model is evident in the gold and platinum recovery process they have developed and are implementing in their new pilot plant. The company's new pilot plant and their future full-scale production plant are being designed to be much more environmentally friendly than gold processing plants that have traditionally used highly toxic forms of Cyanide to leach the gold from the ore. USMM has developed and tested a process that uses Sodium Bromide in place of Sodium Cyanide resulting in much more “eco-friendly” waste byproducts in their recovery process.

For years, mining and ore processing companies have been recovering gold and other precious metals using a Sodium Cyanide leaching process. The vast majority of gold mining companies have used this environmentally damaging process. Milling and heap leaching require cycling of millions of liters of alkaline water containing high concentrations of potentially toxic NaCN, free cyanide, and metal cyanide complexes that are frequently accessible and hazardous to wildlife. Some countries such as Argentina are starting to outlaw the use of Cyanide in gold and precious metal processing and the environmental impact is being investigated by other countries and environmental agencies as well.

The leach process that USMM is using utilizes Sodium Bromide (NaBR). Sodium Bromide and other waste byproducts in USMM's recovery process present a very low environmental hazard, and USMM's research has proven Sodium Bromide to be an effective and efficient catalyst in their metal leaching process.

U.S. Mine Makers CEO Ronald Bell stated, “Since our company's inception we have been committed to the use of environmentally friendly business practices and processes. For years we have been involved in the remediation and restoration of toxic mine sites, and now we are extending our 'eco-friendly' and 'Green' philosophy to our gold and platinum metals recovery process. We are committed to creating value for our shareholder in everything we do, but we also want to create that value in a sustainable and 'eco-friendly' way.”

STOCKS TO WATCH

HAT TRICK BEVERAGE INCORPORATED (OTC: HKBV)
"Up 58.82% in morning trading"

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

Hat Trick Beverage, Inc., through its subsidiaries, produces, markets, and distributes beverage products in the cold and hot drink industry. It offers water, coffee, and Mexican juice drinks. The company offers its products through retail distributors to residential and commercial markets. Hat Trick Beverage, Inc. has operations in San Diego, California; and Toronto, Canada. The company is based in Encinitas, California.

HKBV News:

September 3 - Hat Trick Beverages in over 500 new retail locations

Hat Trick Beverages Inc. (OTC: HKBV) announced that its cold beverage division has picked up a major and a significant new distribution in the State of Arizona.

The Company, working with its Arizona distributor, Pinnacle Distributing, has just achieved listings in a total of over 500 new store locations. The Company's Pumped Fitness beverage, shaped in a unique, proprietary package to look like dumbbell weights, will now be available in Hi Health Stores, an upscale grocery chain, as well as Fry's, an important mid-market grocery chain.

Hat Trick Beverage CEO, Sender Vaiser commented; "This is a significant win. These are strong, mid-sized retailers and they are demonstrating faith in the product concept. The combination of an excellent all-natural, lightly sweetened fruit flavored line of fitness waters, coupled with a breakthrough packaging concept has started to attract a lot of interest from distributors as well as retail chains.

The Company is also in discussions with a major national retailer, although it is early on in the negotiations process. The fact that we even have the attention of a major national retailer underlines the potential retail volume we can achieve with this product".

The issuer expects, and projects its initial order of 20,000 cases to begin filling the retail pipeline with product, in September with up to 250,000 cases of anticipated fulfillment.

The entire contract has a face value of $3.9 million to the issuer.

WELWIND ENERGY INTERNATIONAL CORPORATION (OTCBB: WWEI)
"Up 23.08% in morning trading"

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

Welwind Energy International Corp. is committed to providing the best resource option available for renewable energy, protecting our environment, empowering communities, bolstering local economies and respecting the rights of future generations. Welwind Energy International was founded to build, own and operate wind farms on an international scale. The company's goal is to become a leading provider of clean energy products for the residential, business and governmental consumer.

WWEI News:

September 4 - Welwind Announces Joint Venture Partnership Signed With Ningxia Electric Power for PPA Approved Wind Farm

Welwind Energy International Corp. (OTCBB: WWEI) (the “Company”), announced that it has successfully signed a binding joint venture partnership for a 49% interest in a wind farm project owned by Ningxia Electric Power Corp. (NEP).

A La Shan Zuo Qi Windfarm Ltd. (project company of NEP) is a 49.5 MW wind farm, expandable to 400 MW. The partnership will give Welwind a 49% interest in the entire project. Welwind will provide the debt financing for the project and also provide technical support along with turbine equipment manufacturing and construction. NEP has a signed Power Purchase Agreement (PPA price: 0.08 cents USD/KWH) dated August 5, 2008 from the Neimeng Provincial Development and Planning Commission.

“As we wait for an update from the Zhanjiang Government for Welwind's current wind farm project, we continue to forge ahead on building out the company's business model. This joint venture with one of China's largest wind farm developers allows the company to continue its growth and maintain momentum,” says Tammy McNabb, President of Welwind.

ABOUT NINGXIA ELECTRIC POWER GROUP

Ningxia Electric Power Group was established in June of 2003. The company is a large-scale group holding by Ningxia Hui Autonomous Region Government. The company's primary focus is the development and construction of thermal power generation, wind power, wind turbines, and an involvement in the coal chemical industry. By the end of 2006, Ningxia Electric Power Group assets totaled 6.2 billion Yuan ($906 Million USD), and sales revenues were above 2 billion Yuan ($300 Million USD). The company has approximately 4500 employees.

COMSTOCK HOMEBUILDING COMPANIES (NASDAQ: CHCI)
"Up 23.97% in morning trading"

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

Comstock Homebuilding Companies, Inc. operates as a real estate developer in the United States. The company primarily develops and builds single-family homes, townhouses, mid-rise condominiums, high-rise multi-family buildings, and mixed-use developments in suburban communities and high density urban infill areas. It serves first-time, early move-up, secondary move-up, and empty nester move-down buyers primarily located in Washington, D.C.; Raleigh, North Carolina; Atlanta; and Georgia markets. The company also engages in the development, redevelopment, and construction of residential mid-rise and high-rise condominium complexes. As of December 31, 2007, Comstock Homebuilding built and delivered approximately 5,000 homes. The company was founded in 1985. It was formerly known as Comstock Companies, Inc. and changed its name to Comstock Homebuilding Companies, Inc. in 2004. The company is headquartered in Reston, Virginia.

CHCI News:

September 2 - Comstock Homebuilding Companies, Inc. Eliminates $32.7 Million of Debt Through Friendly Foreclosure Agreement With BB&T

Comstock Homebuilding Companies, Inc. (Nasdaq: CHCI) and certain of its subsidiaries (collectively "Comstock" or the "Company") announced that on Friday, August 29, 2008 it had entered into a foreclosure agreement ("Agreement") with Branch Banking and Trust Company ("BB&T") with respect to approximately $32.7 million of the Company's $144.0 million of secured debt. Under the terms of the Agreement, the Company agreed to cooperate with BB&T with respect to its foreclosure on certain of the Company's real estate assets and BB&T agreed to provide the Company a full release from its obligations with no deficiency liability post-foreclosure. The foreclosure agreement covers properties in Virginia and Atlanta. Comstock will retain pre-sold lots in Atlanta which are not included in the foreclosure.

"As previously announced we are working to restructure a significant portion of our debt to ensure our ability to survive what has turned out to be the worst cyclical market downturn in a generation. We are pleased with the results of our negotiation with BB&T and consider this an important first step in our plan to reposition Comstock to meet current market challenges," said Christopher Clemente, Comstock's Chairman and Chief Executive Officer. "We continue to focus on similar negotiations with certain other lenders and remain optimistic regarding the outcome of those negotiations."

It is expected that on September 2, 2008 BB&T will complete the foreclosure process on select lots at Maristone, James Road, Wyngate and Glen Ivy, all in the Atlanta, Georgia market and that on or before September 30, 2008, BB&T will complete the foreclose process on the collateral securing the Company's debt at two projects in Virginia, Barrington Park and Woodlands of Round Hill. The Company announced that in anticipation of this agreement it had recorded impairment charges related to the BB&T collateral in the quarter ending June 30, 2008 and as a result the Company does not anticipate any material future write-offs as a result of the Agreement or the foreclosures.

NEWMARKET LATIN AMERICA INCORPORATED (OTC: NLAI)
"Up 60.00% in morning trading"

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

NewMarket Latin America provides world-class systems integration services through relationships with Hyperion, Oracle, SAP, SSA Global, Microsoft and many more. NewMarket Latin America has major customers in various sectors such as Oil and Gas, Consumer Products, Financial Services, and Pharmaceuticals Industries. NewMarket Latin America deliver solutions to regional customers in addition to specializing in helping US clients expand their businesses and operations into one of the fastest growing economic regions in the world. NewMarket Latin America has offices and operations throughout Latin America. NewMarket Latin America also identifies emerging technologies developed within the region and brings those latest technologies to market worldwide. These innovations help clients grow their businesses and gain a new competitive advantage.

NLAI News:

September 3 - NewMarket Latin America, Inc. Resumes Trading With Plans for All SEC Required Filings to Be Current in 45 Days

New Market Latin America, Inc. (OTC: NLAI) resumed trading yesterday after a ten-day trading suspension. On August 18, 2008, the Securities and Exchange Commission (SEC) temporarily suspended trading of the Company's common stock. The suspension ended on August 29th at 11:59 pm EDT and as of yesterday, the Company's common stock is eligible for trading.

The former name of NewMarket Latin America and the name still reflected on the SEC Website is Paragon Financial Corp. Paragon Financial Corp. became delinquent in its filings before being renamed NewMarket Latin America and having new management appointed. Current management has been working with former management to resolve past comment letters, the resolution of which are necessary to bring the Company current with its SEC financial reporting requirements.

SEC Hearing Set

The SEC has set a hearing on September 15, 2008 at 9:30 am EDT in Washington, D.C. regarding the suspension of trading and possible actions by the SEC due to the delinquent filings. The SEC will review the Company's filing status and consider whether a further suspension or revocation of registration is appropriate in response to the specific findings regarding the Company's current filing status.

NewMarket Latin America, Inc. Plan to Bring Filings Current in 45 Days

The Company plans to bring all of its filings current in the next 45 days and is working diligently to complete as much as possible by the end of September.

NewMarket Latin America intends to argue to the SEC that further suspension of trading is unnecessary, and that a revocation of registration is likewise unnecessary as the Company can be brought current.

Corporate E-mail Updates

To learn more about NewMarket Latin America's plans beyond its efforts to bring its public reporting current, or to be added to NewMarket Latin America's e-mail database to receive company updates, please send an e-mail to This email address is being protected from spam bots, you need Javascript enabled to view it or call 214-722-3065.

CAPTARIS INCORPORATED (NASDAQ: CAPA)
"Up 24.06% in morning trading"

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

Captaris, Inc. is a leading provider of software products that automate document-centric business processes. Captaris specializes in document capture, recognition, routing, workflow and delivery. Captaris integrated solutions provide interoperability with leading line of business applications and technology platforms. Captaris products include RightFax, Captaris Workflow, Alchemy, FaxPress, DOKuStar, RecoStar, and Single Click Entry, which are distributed through a global network of leading technology partners. Captaris customers include the entire Fortune 100 and the majority of Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982.

CAPA News:

September 4 - Open Text to buy Captaris for $4.80 a share

Open Text Corp. (Nasdaq: OTEX) announced that it will buy software company Captaris Inc. (Nasdaq: CAPA) for approximately $131 million, or $4.80 a share. The acquisition is expected to be completed by year’s end.

HAYES LEMMERZ INTERNATIONAL INCORPORATED (NASDAQ: HAYZ)
"Up 14.94% in morning trading"

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

Hayes Lemmerz International, Inc. designs, manufactures, and distributes fabricated steel and cast aluminum wheels for automotive original equipment manufacturers and the automotive aftermarket. The company offers cast aluminum, fabricated steel, and aluminum wheels for passenger cars and light trucks, as well as fabricated steel wheels for commercial trucks and trailers. It also provides aluminum and polymer powertrain components, including engine intake manifolds, engine covers, water crossovers, and ductile iron exhaust manifolds. The company has operations in the United States, Germany, Italy, Spain, Belgium, the Czech Republic, Turkey, Brazil, South Africa, Mexico, Thailand, India, and Japan. Hayes Lemmerz International, formerly known as HLI Holding Company, Inc., was founded in 1908 and is headquartered in Northville, Michigan.

HAYZ News:

September 4 - Hayes Lemmerz Increases Adjusted EBITDA Guidance for Fiscal 2008 Following Strong Second Quarter Results

Adjusted EBITDA Up 40% and Core Operating Earnings Up 87% from Prior Year

Hayes Lemmerz International, Inc. (Nasdaq: HAYZ) announced that it is increasing its fiscal 2008 Adjusted EBITDA guidance as it reported substantially improved Adjusted EBITDA, core operating earnings and liquidity for the second fiscal quarter ended July 31, 2008.

Updated Guidance

Curtis J. Clawson, President, CEO and Chairman of the Board, said, "We are increasing the Company's Adjusted EBITDA guidance for fiscal 2008 to $225 million to $240 million, up $20 million from prior guidance of $205 million to $220 million. Capital expenditures have been reduced for the year and are now expected to be between $90 million to $100 million, down $5 million from prior guidance of $95 million to $105 million. We are also affirming the Company's sales guidance of $2.1 billion to $2.3 billion for fiscal 2008."

Second Quarter Results

Compared to the year earlier quarter, Adjusted EBITDA for the second quarter improved 40%, to $63.9 million from $45.8 million and the Adjusted EBITDA margin rose to 11.3% from 8.4%. Adjusted EBITDA for the first half of the fiscal year was $118.5 million, up $22.6 million or 24% from the prior fiscal year. Compared to the year earlier quarter, core operating earnings for the second quarter improved 87% to $33.8 million from $18.1 million. Core operating earnings for the first half of the fiscal year were $59.0 million, an improvement of $19.8 million or 51% from the prior fiscal year.

"This was a very good quarter for Hayes Lemmerz and, although there is the potential for higher steel prices and further reductions in customer production volumes, the outlook for the full fiscal year has improved. Despite challenging industry conditions, our Adjusted EBITDA and core operating earnings improved significantly. Our good results reflect a strong overall performance including the benefits of our recent investments in leading-cost, high-growth areas, such as Brazil, the Czech Republic, Turkey, India and Thailand," Mr. Clawson said.

Sales in the second fiscal quarter were $563.5 million, up 4% from $544.1 in the year earlier quarter, due primarily to favorable currency exchange rates. For the first half of the fiscal year, Hayes Lemmerz reported sales of $1.14 billion, up 9.1% from $1.04 billion in the first half of the prior fiscal year. The Company's net loss in the quarter decreased to $47.0 million, an improvement of $40.1 million compared with a net loss of $87.1 million in the year earlier quarter. The Company reported a net loss for the first half of $59.8 million, down $42.6 million from a net loss of $102.4 million in the first half of the prior fiscal year.

At the end of the second quarter the Company had $222 million in total liquidity, an improvement of $27 million compared with the year earlier quarter. "I am satisfied with this level of liquidity during these difficult times in our industry," Mr. Clawson said.

Free Cash Flow

During the quarter the Company had negative free cash flow of $33.8 million excluding its accounts receivable programs, compared to negative $15.1 million in the year earlier quarter. Cash expenditures for restructuring and divestitures during the quarter negatively impacted free cash flow by approximately $36 million. The Company is targeting positive free cash flow for the full fiscal year, excluding the impact of its accounts receivable programs and planned and completed restructuring and divestiture activities.

Implementation of Strategic Plan

The Company also announced the sale of its aluminum wheel facility in Hoboken, Belgium during the quarter, in addition to other previously announced restructuring plans. "The divestiture of our aluminum wheel facility in Hoboken, Belgium in June, the expected closure of our Gainesville, Georgia, aluminum wheel facility and the planned divestiture of our powertrain facility in Nuevo Laredo, Mexico, will have a positive impact on our long-term financial performance. We have now essentially completed the process of divesting facilities and product lines that have negatively impacted our earnings," said Fred Bentley, Chief Operating Officer.

"Five years ago, we were saddled with a number of unprofitable facilities, heavily dependent upon the health of the U.S. auto market, and equally dependent upon the success of a small number of customers. Today, we are the only company with a cost-effective manufacturing presence in both steel and aluminum wheels in almost every global market," he said. "Our strategic focus on improving product, customer and geographic diversification is providing ever-increasing benefits."

Mr. Bentley noted that the Company's geographic distribution of sales has changed significantly: from 45% of total sales in the domestic U.S. market in 2004 to an estimated 13% in fiscal 2008 (excluding the three facilities being closed or divested), from 4% to 16% in South America, from 15% to 24% in Eastern Europe, and from 29% to 34% in Western Europe. Overall, sales in leading-cost countries have almost doubled since 2004, reducing the Company's reliance on the domestic U.S. market. "Our largest single customer today is based in the U.S., but 79% of our business with that customer is in other regions," Mr. Bentley added.

"We have also greatly diversified our customer base since 2004. We are continuing to win new business with European and U.S. customers, and we are increasingly winning with Asian OEMs," said Mr. Bentley. "The Company expects to meet or exceed last year's record of $430 million of new business, with wins spread across its customer base," he added.

"Although sales are essentially even with 5 years ago, the Company's employee count is down 33% during that period, and employment in high-cost regions is down more than 60%," he said.

Mr. Bentley also noted that the Company's product mix is well balanced, with aluminum light vehicle wheels, steel light vehicle wheels, and commercial truck wheels each accounting for approximately one-third of the Company's sales.

GOOD LIFE CHINA CORPORATION (OTC: GLCC)
"Up 12.50% in morning trading"

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

Good Life China Corporation operates a chain of franchised convenience stores in Hebei Province, the People’s Republic of China. The company employs retail concepts, such as e-commerce enabled POS/back office systems. It operates approximately 1,730 stores. The company also has an agreement with Petro China Beijing to provide distribution services and information management system services for the convenience stores in the gas stations belonging to Petro China Beijing Marketing Company. In addition, the company offers online sub prime financial services, such as money lending, forex trading, and advanced electronic funds management. Good Life China Corporation was incorporated in 1998 and is based in Toronto, Canada.

GLCC News:

September 4 - Good life China Closes Acquisition of 'The People Home' Chain

Good Life China Corporation (OTC: GLCC) (www.goodlifechina.com) announced that the acquisition of Shijiazhuang based "The People Home" (TPH) chain of 625 stores has been successfully closed.

The acquisition is a very significant one, from both a top-line revenue point of view, and in terms of achieving ever-growing economies of scale on the logistics side of the retail business - which is the core focus of Good Life's business model. Additionally, the acquisition significantly expands Good Life's retail level footprint in China, and may signal the first signs of consolidation of retailers in rural areas of China.

TPH has a total of over 600 stores, carrying a variety of low-cost consumer products. With the addition of TPH, Good Life now boasts a total of over 3,300 stores.

The addition of TPH also broadens the number of suppliers that will be tied in to Good Life's advanced warehousing and logistics capabilities. Expanding the supplier side of the retail distribution channel is as important to Good Life as the expansion of its retail locations - as the Company generates revenues from both sides of the retail equation.

Good Life CEO, Dong-Mei Jia, noted, "This is a very exciting development for the Company. We had established an objective of 4,000 retail locations by the end of 2008, and we have a good chance of meeting that objective.

We also believe that we can improve the operating efficiencies of TPH, and increase the level of profitability by lowering costs on the supply-side by way of volume discounts due to the consolidation, as well as reduced warehousing and distribution costs through utilization of Good Life's 'best of breed' logistics capabilities."

PLANET RESOURCE RECOVERY INCORPORATED (OTC: PRRY)
"Up 6.67% in morning trading"

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

Planet Resource Recovery, Inc., a petrochemical/oil services company, develops a proprietary chemical that dislodges hydrocarbons in natural and man-made environments. The company's flagship product, PetroLuxus, and its derivative product lines have qualities to break hydrocarbon chains on a molecular level for cost-effective remediation and recovery of petroleum and petroleum-based materials. Its prospective markets for remediation and recovery include oil tank farm cleaning, marine ship cleaning, oil sludge pits, contaminated soil/oil spills, bio-diesel, waste oil segregation, heavy oil, tar sands, and enhanced oil recovery. The company was founded in 2005 and is based in Houston, Texas.

PRRY News:

September 4 - Planet Resource Recovery, Inc. Featured in Houston Chronicle Business News

Planet Resource Recovery, Inc. (OTC: PRRY), developer, manufacturer and marketer of PetroLuxus™, announced that the company has been featured in a 1200 plus word feature on the front page in the Business Section of the Houston Chronicle. The feature was published in the September 03, 2008 edition under the headline “Making every drop count – Houston startup joins others in trying to get more oil from existing wells.”

The feature article highlights Planet Resource Recovery, Inc.’s launch into the enhanced oil recovery market targeting the vast quantities of stranded oil stuck in reservoirs with its proprietary product PetroLuxus.

The complete feature article can be viewed at:

http://www.chron.com/disp/story.mpl/business/5980298.html#Intro