OTCPicks.com

FEATURED COMPANY

PURIO INCORPORATED (OTCBB: PURO)
"Up 13.33% in morning trading"

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:

September 9 - Purio Receives Letter of Intent to Install Water and Waste-Water Works

Purio Inc. (OTCBB: PURO) announced that it has received a letter of intent from Evergreen Estates Ltd. to build, install, commission and operate the water and sewage treatment facilities at their multi-phase 450 acre resort development in the beautiful parkland region of North-Central Saskatchewan Canada.

David Miner, Secretary for Evergreen Estates Ltd., specifies some of the reasons for Evergreen's selection of the Purio technology:

"Our development philosophy for the site is to provide an exceptional outdoors experience for the residents coupled with modern amenities while minimizing the impact of the development on the environment.

"Your waste-water technology helps us to realize our vision for the development as it allows us to eliminate the need for the construction of a sewage lagoon and for sewage holding tanks on each lot. In doing so, we estimate that the installation of your technology will result in a capital cost savings of between 1 and 1.5 million dollars. The fact that your sewage treatment system will eliminate the odors normally associated with a lagoon system is a very important aesthetic benefit, and the small footprint of your system allows us to use land we already own rather than acquiring additional property to facilitate a lagoon.

Your ability to use a variety of water sources for the production of potable water added to the perceived advantages of using your company."

Earl Switenky, spokesman for Purio Inc., says, "Evergreen's choice of the Purio technology confirms our company's ability to provide a host of advantages to developers. In this pristine forest setting, near a beautiful recreational lake, aesthetic advantages and economic advantages will make it possible for Evergreen Estates to offer its residents the waterworks conveniences of city living. Our modular equipment can be installed and commissioned as the development grows, thereby saving many huge up-front costs."

"Purio will participate in the operation of the water utilities services as a utility company, thereby creating a residual income stream for our company. A project like this, fully on-line, would generate annual revenues to the company of approximately $350,000."

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 9 - Angstrom Microsystems' Blade Racks Solve Vexing Data Center Power Efficiency Problem

Through the Company's MaxPowerSmart™ Technology, Angstrom Racks Bypass Inefficient Power Distribution Units (PDUs), Saving up to 30% in Energy Costs

Leading the charge in "green computing" solutions across North America and beyond, Angstrom Microsystems Corp. (OTCBB: AGMS) announced the launch of MaxPowerSmart(TM), an innovative power efficiency solution that can save large data centers millions of dollars a year in electricity costs. Integrated into every server, the MaxPowerSmart product line provides a wide array of ultra-efficient power solutions designed to accommodate the needs of most large data centers — which generate 3% of all power consumption in the U.S.

Energy costs continue to be the largest single expense to plague datacenters today. Rising energy costs and the increased need for computing power compound the problems for datacenters of such notable corporations as Google and Yahoo. From the financial, oil and gas, entertainment and bio-informatics sectors, to many other high performance computing (HPC) industries, Angstrom's corporate strategy is to continually provide innovative and cost effective solutions to serve this multi-billion dollar market.

Using "Street" Power to Save Power

While total loss of power can often reach almost 50% — meaning the other 50% is still drawn but wasted — Angstrom total loss is a manageable 18%. Power transmitted into the data center from the street ("street power") must be converted into a signal that is usable by computers and other electronic equipment in the data center. This conversion process is inefficient and leads to unnecessary power loss and heat generation (which in turn requires more energy to cool the servers). Angstrom blade racks take the power signal before it is converted and use it to drive its blade computers.

Telecom DC Power Solution

Angstrom can achieve 94% efficiency using 48VDC (direct current) power, unlike most competitors whose solutions are often no more than 80% efficient. Telecom data centers such as those from Verizon and AT&T require the use of power that is safe for deployment and maintenance — 48VDC power because it is low voltage. Street power is efficiently converted to 48VDC by the data centers themselves. Angstrom racks can accept this safe telecom power model to drive its blades.

Enterprise-Class Solution

Mission critical systems require a constant and uninterrupted flow of power. This market is the mainstay of competitors such as IBM, HP and Dell. Angstrom provides a solution that is superior in efficiency and service compared to existing products from competitors. MaxPowerSmart solutions are fully redundant (see list below) and provide an enterprise-class solution with no points of failure (POFs) for these large data centers by:

* Accepting 2 power grid sources
* Providing m+n power redundancy
* Providing a safe internal power infrastructure within the rack

"For over 9 years, Angstrom has focused on quality engineering solutions for data centers to solve difficult power problems — both in terms of quantity and efficiency. This is what makes us stand out from our competitors," said Lalit Jain, CEO of Angstrom Microsystems and MIT alumnus. "Our MaxPowerSmart ultra-efficient power solutions take a major leap forward in providing a broad spectrum of data centers with a solution that suits their needs."

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:

September 9 - Controversy, Benefits of Brazilian Sugarcane Based Ethanol Chemicals and Fuels

US Import Tariff on Brazilian Ethanol Exports Compromises the Country's Capacity to Diversify Its Fuels Supplier Base

www.Renewableenergystocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, reports on the controversy and benefits of importing of Brazilian Sugarcane based ethanol:

As the Brazilian ethanol industry plans to boost ethanol demand abroad and expand markets, industry participants Cosan, SA (CSAN3.SA) (NYSE: CZZ), Industrial Biotechnology Corporation (OTC: IBOT), the EPA, John McCain and The Brazilian Sugarcane Industry Association comment on the benefits of sugarcane ethanol.

Brazil is expanding its production and will harvest 12% more cane than last year, with plans to increase ethanol exports 25%. Brazil is currently the second largest producer of ethanol in the world, after the US. According to the Brazilian Sugarcane Industry Association, in 2007 Brazil produced an estimated 487 million metric tons of sugarcane, which yielded 30.6 million tons of sugar and 22 billion liters of ethanol.

Louis Dreyfus Commodities, one of the top three sugar merchandisers and traders in the world, managing more than 2.5 million tons of sugar annually recently announced it $433 million investment to open a new mill in Brazil's Mato Grosso do Sul state.

In a recent Green Investor Podcast, Industrial Biotechnology Corporation CEO Mr. Badolato, discusses plans for its operating subsidiary, Renewable Fuels of America Inc., to import and distribute Brazilian sugarcane ethanol into US and coastal markets.

Mr. Badolato reports, "We are maximizing and leveraging the existing distributors in US and coastal areas that are logistically and economically favorable for a port entry supply." He also comments on the environmental benefits and cost efficiencies related to sugarcane ethanol.

He also goes on to say, "We are serving the niche of the independent providers with the targeted coastal and port areas and storage facilities."

Industrial Biotechnology Corporation currently has a joint ventures project and ethanol supply agreement and relationship in place with Cosan, SA.

According to Antonio Henrique Prado, manager for International Business Development of Cosan (CSAN3.SA), a Brazil-based company active in the production of sugar and ethanol, "Currently 10% of Cosan's revenues are related to ethanol exports. Even though exports are growing, the robust domestic demand for hydrous ethanol (due to the increasing Brazilian flex-fuel fleet) will likely keep exports importance within Cosan's revenues mix stable in the near term. Over the medium and long-term, exports importance tends to increase."

He notes Sugarcane ethanol provides several advantages over other feedstocks.

He also goes on to say, "The challenge for the Brazilian ethanol industry is to boost ethanol demand abroad, which can be achieved by clarifying the benefits related to sugarcane ethanol adoption and developing alternative suppliers.

"It is our opinion that the current US import tariff on Brazilian ethanol exports compromises the country's capacity to diversify its fuels supplier base and ultimately drains resources from American taxpayers."

Presidential candidate John McCain recently quoted in an interview with a Brazilian newspaper stated, "We made a series of mistakes by not adopting a sustainable energy policy, one of which is the subsidies for corn ethanol, which I warned in Iowa were going to destroy the market and contribute to inflation. Besides, it is wrong to tax Brazilian-made sugarcane ethanol, which is much more efficient than corn ethanol."

EPA Administrator Stephen L. Johnson recently announced the decision to deny a request submitted by the State of Texas to reduce the nationwide Renewable Fuels Standard (RFS). As a result, the required total volume of renewable fuels, such as ethanol and biodiesel, mandated by law to be blended into the fuel supply will remain at 9 billion gallons in 2008 and 11.1 billion gallons in 2009.

"After reviewing the facts, it was clear this request did not meet the criteria in the law," said Stephen L. Johnson. "The RFS remains an important tool in our ongoing efforts to reduce America's greenhouse gas emissions and lessen our dependence on foreign oil, in aggressive yet practical ways."

Following EPA news, The Brazilian Sugarcane Industry Association representative in Washington, Joel Velasco, recently commented, "The next step — and one that Congress has yet to take — is to reduce the distortive tariff on imported ethanol. This one-of-a-kind tax on a clean energy alternative serves only to punish American drivers by artificially inflating the price of gasoline at the pump."

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 8 - Copper King Mining Corporation Announces Mining Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, provided updates concerning construction of its Flotation Mill near Milford, Utah.

The company has recently expended in excess of $10,000,000 to purchase all remaining major items for the Flotation Mill necessary for its completion, which includes the Toshiba Control system, the MCCS and substation parts, cable trays and electrical equipment. The only remaining primary items required before the Mill is operational are two water wells, one water tank, and ongoing labor costs, which are minimal. The company has also received the feed conveyors for the ball mills and the company’s construction crew is working diligently to complete installation of all equipment, systems and parts. The mill is expected to be online, as anticipated, in November 2008.

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 5 - SpongeTech® Delivery Systems, Inc. to Air Promotional Advertising on the Boston Red Sox's™ New England Sports Network 'NESN TV'

SpongeTech to Begin Test Promotional Advertising Campaign on NESN TV over This Weekend

SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) announced that starting tonight the Company will be airing promotional advertising on NESN TV tonight, Friday, September 5, 2008. The first of the television ads will air prior to tonight's Boston Red Sox's game against Texas Rangers with additional promotional spots airing prior to Monday's game between the Red Sox and the Tampa Bay Rays.

SpongeTech COO Steven Moskowitz said, "We are especially excited to begin airing spots in the New England market during this exciting time in the baseball season. We believe this will be an effective way for SpongeTech to better familiarize Red Sox fans with our brand, and encourage them to try our products and experience our value."

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:

September 5 - U.S. Mine Makers, Inc. CEO Ron Bell to Appear on MoneyTV

U.S. Mine Makers, Inc. (OTC: USMM) CEO Ron Bell announced ore recovery plans in Q4 and revenue projections for 2009 on MoneyTV, a nationally syndicated television program all about money and what makes it happen.

MoneyTV features informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures.

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.

STOCKS TO WATCH

CARDIO INFRARED TECHNOLOGIES INCORPORATED (OTC: CIRT)
"Up 50.00% in morning trading"

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

Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market to every country around the world. The equipment has already been featured on "Good Morning America" and "The View." Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes acquisitions and development of innovate new equipment and programs in the exercise and medical industries.

CIRT News:

September 8 - Cardio Infrared Technologies, Inc. Announces Increased Sales and Income

Cardio Infrared Technologies, Inc. (OTC: CIRT) (www.cardio-cor.com), a leading Health and Wellness technology and marketing company, announced that sales and net income for the eight months ended August 31, 2008, ended with net income up 82% and sales up 68% above the same period a year ago.

Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, "Sales for the eight months end August 31, 2008 are up 68% above the same period for 2007. The net income for the eight months ended August 31, 2008 was up 82% over the same period for 2007. The company is very excited about the increase in business and the progress that has been accomplished so far this year. The additional capital resources that Cardio Infrared Technologies, Inc. has been able to generate, have made a big difference in the ability to generate additional sales and thus increase the profitability of the company. Sales continue to increase on a monthly basis due to the increased sales force and the benefits that the units offer the customers."

Cardio Infrared Technologies is quoting units for delivery in Europe for the fourth quarter of this year and the first quarter of 2009. Cardio Infrared Technologies, Inc. is the world sales leader for the Cardio-Cor equipment and is working with the manufacturer to decrease the cost per unit and increase the market area for the units.

The new website for the Cardio-Cor is generating leads at ten times the rate the old website generated leads and the website has only been in operation for one week. The number of leads generated will continue to increase as more search engines list the site and Cardio-Cor moves up on the search pages for each engine. Cardio Infrared Technologies, Inc. will continue to invest in this website and develop the increased sales this site can and will generate.

Cardio Infrared Technologies, Inc. has been investing in additional sales and marketing efforts over the last six months resulting in additional sales and income. Cardio Infrared Technologies, Inc. will continue to develop the market for the Cardio-Cor and other products that will enhance the Cardio-Cor sales and increase the dollar amount and profit per sale.

MIDDLE KINGDOM ALLIANCE CORPORATION (OTC: MKGBW)
"Up 238.46% in morning trading"

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

Middle Kingdom is a Delaware organized blank check company organized on January 17, 2006. It completed its initial public offering on December 13, 2006. MK was formed for the purpose of effecting a business combination with an enterprise having its primary operations in the People's Republic of China.

MKGBW News:

September 9 - Middle Kingdom Alliance Corp. To Merge With a Leading Distributor of Mobile Phones in China

Middle Kingdom Alliance Corp. (OTCBB: MKGB, MKGD, MKGBB, MKGBW, MKGDU and MKGBU) (“MK”) announced that it has entered into an agreement to effect a merger with Pypo Digital Company Limited.

Highlights

* The merged company will be named Pypo China Holdings Limited and it intends to apply for the listing on NASDAQ as soon as practicable following the closing.

* Pypo's two institutional shareholders, Golden Meditech, a Hong Kong- listed investment company (8180.HK) and ARC Capital Holdings Limited, a London AIM-listed fund (ARCH.LN) have agreed in principle that, prior to Middle Kingdom's stockholder's meeting which will be held to obtain approval for the merger, they stand ready to purchase up to $10,000,000 of Middle Kingdom Alliance class B shares at prices up to $8.40 per share.

* Pypo is one of four national distributors for Samsung mobile phones in China and has an extensive distribution network that covers over 350 cities.

* The number of Chinese mobile phone subscribers is expected to grow from 531 million today to more than 1 billion in 2012.

* Pypo has begun to acquire several mobile phone retail chains and is further expanding its well-established distribution network to position it for success in this high-growth sector.

* Audited net income of $30.2 million for the fiscal year ended March 2008.

* Purchase price of $378 million, approximately 12.6x the size of Middle Kingdom's IPO.

Pypo Digital Company Limited is the parent company of Beijing Pypo Technology Limited (together with Pypo Digital Company, "Pypo"). Pypo is a leading distributor in China of Samsung mobile phones and other related products. Samsung is currently the number two mobile phone brand in China.

Pypo's current management team is expected to remain in place to run the business following consummation of the merger. The parties expect that, upon consummation of the merger, the combined companies will be known as Pypo China Holdings Limited. Jay Tanenbaum, MK's chief executive officer, is expected to assist Pypo as its senior vice president, corporate communications and Michael Marks, MK's president, is expected join the newly constituted board of directors.

Jay Tanenbaum stated, "We are extremely excited to announce this merger, one of the largest ever among China SPACs and we believe the largest in any market for a SPAC of Middle Kingdom's size. Pypo has built a strong business in China's dynamic mobile phone sector and is well-positioned to continue its impressive growth. Middle Kingdom's funds will be added to over $140 million in private equity capital already invested in Pypo over the last few years by other investors. In addition to Pypo management, Golden Meditech Company Limited, a Hong Kong-listed investment company and ARC Capital Holdings Limited, a London AIM-listed fund have invested in the company and helped to guide its recent success. We are particularly pleased that all of Pypo's key executives who have substantial equity interests in Pypo, including Mr. Kuo Zhang, Pypo's chairman, and Mr. Dongping Fei, chief executive officer, will remain with the company and continue their excellent work." Michael Marks added, "Pypo is strongly positioned to capture the promise of China's mobile phone subscriber growth. Penetration rates in China remain substantially below that of other industrialized Asian countries. The industry is being reshaped to increase competition among carriers for subscribers. We believe that Pypo's established position in distribution and its expanding retail M&A strategy will allow it to benefit greatly."

Kuo Zhang, chairman of Pypo's board of directors, commented, "Pypo will pursue a two-pronged growth strategy. First, we intend to expand our distribution business by adding capabilities and coverage while seeking new product lines to add to our already strong relationship with Samsung." Dongping Fei added, "China is experiencing strong growth in mobile phones, and we believe the fragmented retail sector is a strong candidate for consolidation. This gives Pypo a second growth opportunity. Pypo has already succeeded in acquiring three retail chains, has agreed to acquire three others, and we are busy identifying and studying other acquisition targets. That Pypo already has three or four year-old business relationships with all of the target companies makes us a favored partner."

Transaction Summary

MK proposes to redomicile to the Cayman Islands where it and Pypo will merge into a newly formed company to be known as Pypo China Holdings Limited.

Under the terms of the agreement, MK's successor will issue to Pypo's current shareholders 45 million common shares, and up to an additional 23 million common shares subject to earn out provisions through March 2011 which may be extended to 2012 under certain circumstances. All of these shares will be restricted under a limited lock-up agreement. Middle Kingdom will also issue 3.4 million warrants to Pypo with terms similar to its existing Class B warrants. Middle Kingdom believes the value of the securities issued to effect the merger to be at least $378 million based on the conversion price of $8.40 per Class B share (MK's estimated trust account as of December 13, 2008).

1) Middle Kingdom will issue 45 million common shares at closing plus warrants to purchase 3.4 million common shares.

2) Middle Kingdom will be required to issue additional common shares under the earn out as follows:

3) 10 million common shares will be earned if Pypo achieves US$54 million of Adjusted Net Income in the fiscal year ending March 2010; and

4) 13 million common shares will be earned if Pypo achieves US$67 of Adjusted Net Income in the fiscal year ending March 2011

Both earn-out awards are "all or none" but with a one-year grace period if Pypo misses either target.

For purposes of the earn-out, Adjusted Net Income differs from GAAP Net Income. Certain expenses on an after-tax basis are added back to GAAP Net Income to determine Adjusted Net Income. These include merger expenses under SFAS No. 141R, other expenses of the transaction, amortization of intangibles, impairment of goodwill, taxes payable as a result of this business combination, and third party costs of compliance with the Sarbanes-Oxley Act. This will be more fully described in MK's Form S-4 filing and is critical to an understanding of the earn out tests.

Immediately post-combination the company is expected to have 49,485,955 common shares outstanding. Post-closing and before accounting for earn outs, warrants or underwriters purchase options, Pypo shareholders are expected to beneficially own 90.9% of the combined entity. These figures assume that none of MK's Class B stockholders exercise their conversion rights.

The transaction is subject to customary closing conditions, including completion of all necessary documentation and the approval of MK's stockholders.

If the transaction is completed, the merged company will be named Pypo China Holdings Limited, and it intends to apply to be listed on NASDAQ. However there can be no assurance NASDAQ will approve the listing application or how long the process may take.

Business Overview

Pypo was established in October 2003 and is headquartered in Beijing. It is one of several national distributors for Samsung mobile phones in China; Samsung is the number two mobile phone brand in China in terms of market share by sales volume. Pypo's distribution network covers approximately 350 cities, 3500 customer accounts and 9500 retail outlets in China, and its retail coverage is expected to grow to over 10,000 outlets by the end of March 2009. Pypo is committed to organic growth of its distribution business. China's mobile phone subscriber base is projected to grow from 531 million today to over one billion in 2012.

In addition to its distribution business, with management know-how and long-established relationships with retailers, Pypo has expanded into the mobile phone retail sector by acquiring leading regional mobile phone retailers. Currently, Pypo has acquired three retail chains, entered into binding agreements to acquire three more chains with projected closings by the end of December 2008 and is in discussions to acquire three more retail chains.

This mobile phone retail consolidation strategy is expected to broaden Pypo's revenue base, increase gross margins and enhance its overall competitiveness. Key operating initiatives include upgrading IT systems with the goal of providing more accurate and timely information, improving logistics with the goal of lowering cost per unit delivered and cooperating with operators to provide value-added services and bundling, as mobile phone operator competition increases.

Pypo also intends to develop its e-commerce business through its Web site at www.dongdianwang.com.

Financial Highlights

For the fiscal year ended March 31, 2008, Pypo's total net revenues were $378.3 million, a 28.6% increase from $294.2 million in fiscal 2007. Net income in 2008 was $30.2 million up from approximately $14.4 million in 2007, a 110.6% increase. This increase in net income was due to improved operating efficiency, enhanced cost management and Samsung's increased mobile phone market share in China. Pypo has almost no long-term debt and no preferred stock. Pypo's audited financial statements were prepared in accordance with U.S. GAAP and will be included in MK's Form S-4 filing with the SEC.

PHARSIGHT CORPORATION (NASDAQ: PHST)
"Up 32.58% in morning trading"

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

Pharsight Corporation, together with its subsidiaries, engages in the development and marketing of software products for pharmaceutical and biotechnology companies primarily in North America and Europe. Its proprietary software products include Trial Simulator for clinical trial simulation and computer-aided trial design; WinNonlin and WinNonMix for the statistical analysis and mathematical modeling of PK/PD data; IVIVC Toolkit for WinNonlin for the development of in vivo-in vitro correlations and the management of related datasets and workflow; WinNonlin Validation Suite for streamlined on-site validation of WinNonlin; Pharsight Knowledgebase Server (PKS), PKS Reporter, and PK Automation for the storage, management, analysis, and regulatory reporting of derived data and models in data repositories; PKS Validation Suite for streamlined on-site validation of PKS; and Drug Model Explorer for dynamic visualization and communication of model-based product profiles. The company also provides consulting services that consist of consulting, training, and process redesign conducted by its clinical and decision scientists in the application and implementation of its core decision methodology. Its software products and services utilize expertise in the sciences of pharmacology, drug and disease modeling, human genetics, biostatistics, and strategic decision-making. The company was founded in 1995 and is based in Mountain View, California.

PHST News:

September 9 - Tripos to Acquire Pharsight Corporation

Tripos, a leading provider of drug discovery informatics products and services, and Pharsight Corporation (Nasdaq: PHST), a leading provider of software, strategic, and regulatory services designed to optimize clinical drug development, announced they have entered into a definitive agreement for Pharsight to be acquired by Tripos for approximately $57 million in cash. Tripos is wholly owned by Vector Capital, a San Francisco-based private equity firm specializing in buyouts, spinouts and recapitalizations of established technology businesses. Under the terms of the agreement, Pharsight stockholders will receive $5.50 in cash for each outstanding share of common stock. This price represents a premium of 29% over the average closing price of Pharsight's common stock over the thirty trading day period ending on September 8, 2008, the last trading day before the date of this announcement.

“Our Board of Directors has evaluated strategic alternatives for Pharsight and has determined that this outcome is in the best interests of our stockholders, customers and employees,” said Shawn O'Connor, Chairman and Chief Executive Officer of Pharsight Corporation. “We believe this merger provides an exciting opportunity to expand our existing offerings and market reach. The combined companies will provide software products and scientific services over an expanded market, from discovery to phase III, approval, and post marketing.”

“We are excited to combine forces with the people and products of Pharsight,” stated Jim Hopkins, Chief Executive Officer of Tripos. “The fusion of the design and analysis tools from Tripos and Pharsight will allow us to bring greater value to our customers engaged in the pharmaceutical research and development process. By acquiring Pharsight, we will be able to provide our customers with important new products, key enabling technologies and scientific expertise.”

The Board of Directors of Pharsight has unanimously approved the agreement. The acquisition is subject to the approval of Pharsight's stockholders and other customary closing conditions. Certain directors, officers and stockholders of Pharsight, representing approximately 33% of Pharsight's outstanding common stock, have entered into voting agreements in support of the acquisition. The acquisition is expected to close in the fourth quarter of 2008.

Covington Associates acted as exclusive financial advisor to Pharsight.

ABOUT THE NEW TRIPOS INTERNATIONAL

Tripos International is a global leader in innovative scientific solutions that enable life science researchers to improve the efficiency of their molecular discovery efforts. Established in 1979, Tripos was the first company to bring scientific computational drug discovery capabilities to the pharmaceutical, chemical and food design industries, and today helps a broad range of companies and research facilities accelerate the identification and optimization of new compounds that have the potential to become new products in the drug, food, flavoring and fragrance markets. Headquartered in St. Louis, Missouri, Tripos International serves more than 1,000 customers spanning over 46 countries. Tripos is wholly owned by Vector Capital, a San Francisco-based private equity boutique specializing in buyouts, spinouts and recapitalizations of established technology businesses.

WEGENER CORPORATION (NASDAQ: WGNR)
"Up 20.34% in morning trading"

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

Wegener Corporation, through its subsidiary, Wegener Communications, Inc., engages in the design, manufacture, and distribution of satellite communications electronics equipment. The company primarily provides digital solutions for video, audio, and Internet protocol data networks. Its products include iPump media servers, which delivers and stores digital content into broadcast, cable, and business operations; UNITY satellite receivers that are primarily used to distribute programming to cable and telecom headends; Compel network control system, which is a network control system; MediaPlan content management and ingest products, which are control and management system modules; and Nielsen media research products that are used to encode Nielsen media research identification tags into media for Nielsen program ratings. It also offers DTV digital stream processor product line for cable and telecom headends; analog audio products comprising series 1600 and 1700 mainframes, sub carrier modulators, demodulators, and decoders, which are used for cable audio distribution; third-party uplink products for video and audio distribution; and various customized products. Wegener Corporation primarily markets its products to business and private networks, cable and broadcast television, and broadcast radio markets through sales representatives, and independent distributors and integrators. It has operations primarily in the United States, Canada, Europe, Latin America, and Mexico. The company was founded in 1977 and is headquartered in Duluth, Georgia.

WGNR News:

September 9 - Wegener Receives Order from Educational Media Foundation for Network Upgrade to DVB-S2 Modulation

Wegener to replace tuner cards in existing satellite receivers

Wegener Corporation (Nasdaq: WGNR), a leading provider of equipment for television, audio and data distribution networks worldwide, announced that Educational Media Foundation has ordered 600 DVB-S2 tuner cards to upgrade their currently deployed Wegener Unity 4600 satellite receivers to the latest high efficiency satellite modulation. Based in Rocklin, California, Educational Media Foundation is a not-for-profit company that operates the K-LOVE (www.klove.com) and Air 1 (www.air1.com) radio networks.

Educational Media Foundation currently deploys Wegener Unity 4600 satellite receivers, iPump 6400 and iPump 6420 media servers for live and file-based radio broadcasts. Educational Media Foundation's central operation hub uses Wegener's COMPEL network control and MediaPlan® Content Management systems to control, schedule and distribute its highly targeted programming, promotions and advertising content.

Educational Media Foundation had been using a terrestrial connection to monitor Wegener satellite receivers and media players. The company plans to eliminate that terrestrial link by launching a VSAT low-data wide area network (WAN) that will be used for transmit and back haul operations between affiliates and Educational Media Foundation's central operation hub.

As part of that VSAT launch, Educational Media Foundation is switching its entire satellite network to DVB-S2 modulation. DVB-S2 modulation is a newer, standards-based, satellite modulation scheme offering significant performance gains over DVB-S modulation. The company expects to achieve approximately 20-30% in operational cost savings.

"Combining DVB-S2 modulation, point-to-multi-point data distribution and file-based broadcasts offers excellent cost savings," said Ned Mountain, President of Wegener. "Our iPump 6420 and Unity 4600 will seamlessly link into Educational Media Foundation's VSAT network to create a more consistent flow of report-back data to the central COMPEL network control system. It was extremely gratifying to take advantage of the internal modular design common to many Wegener receive devices to offer Educational Media Foundation this cost-effective DVB-S2 network upgrade path."

Wegener's network control solution for Educational Media Foundation provides end-to-end management of live and digital media files and broadcasts. Reliable monitoring of digital files and receiver health and status is critical to ensure on-air operational success of Educational Media Foundation's operations, which includes several unmanned receive sites.

Educational Media Foundation's order was received during Wegener's fourth quarter of fiscal 2008. Shipments are scheduled for delivery during Wegener's fourth quarter of fiscal 2008 and first quarter of fiscal 2009.

ABOUT EDUCATIONAL MEDIA FOUNDATION

Educational Media Foundation (EMF), a IRS approved 501(c)3 non-profit corporation, is the parent organization of listener supported Christian Music K-LOVE and Air 1 Radio Networks. Combined, they currently operate 603 signals in 46 states with a combined weekly audience of more than 4.5 million listeners. Headquartered in Rocklin, CA, both networks are also streamed live on the Internet at www.klove.com and www.air1.com.

FINISAR CORPORATION (NASDAQ: FNSR)
"Up 7.63% in morning trading"

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

Finisar Corporation designs, develops, manufactures, and markets optical subsystems, components, and network performance test systems for high-speed data communications in the United States and internationally. The company offers optical subsystems and components that connect local area networks (LAN), storage area networks (SAN), and metropolitan area networks (MAN). Its optical subsystems primarily include transceivers, which provide the fundamental optical-electrical interface for connecting equipment used in building networks; transmitters that convert electrical signals into optical signals for transmission over fiber optics; and receivers, which convert incoming optical signals into electric signals. The company?s optical subsystems also include multiplexers, de-multiplexers, and optical add/drop modules for use in MAN applications. Its line of optical components principally comprises packaged lasers and photo-detectors used in transceivers for LAN and SAN applications; and passive optical components used in building MANs. The company also provides network performance test systems, such as products to test the reliability and performance of equipment for various protocols, including Fibre Channel, Gigabit Ethernet, 10 Gigabit Ethernet, iSCSI, SAS, and SATA. It sells its optical subsystem and component products primarily to manufacturers of storage and networking equipment. The company was founded in 1987 and is headquartered in Sunnyvale, California.

FNSR News:

September 8 - Finisar Corporation Announces Upcoming Events With Financial Community

Finisar Corporation (Nasdaq: FNSR), a global technology leader for fiber optics subsystems and network test systems, announced that it will participate in the following upcoming events with the financial community.

Date: Wednesday, September 10, 2008
Event: Jefferies 2nd Annual Technology Conference
Location: New York, NY
Time: 7:15 a.m. PT / 10:15 a.m. ET
Speaker: Jerry Rawls, Executive Chairman

Date: Thursday, September 11, 2008
Event: Deutsche Bank Securities 2008 Technology Conference
Location: The Palace Hotel (San Francisco, CA)
Time: 8:05 a.m. PT / 11:05 a.m. ET
Speaker: Steve Workman, Senior Vice President and CFO

The above listed events will be webcast live and archived. Interested parties should go to the investor relations section at www.finisar.com.

Finisar Analyst Day

Finisar will host an Analyst and Investor Meeting on October 7, 2008, at the Metropolitan Club in New York City. Information regarding this previously announced event is available on the investor relations section of www.finisar.com. Due to limited space, those wishing to attend in person should register no later than October 3, 2008, by visiting Finisar's Web site or by going directly to http://investor.finisar.com/rsvp.cfm.

STERLING MINING COMPANY (OTCBB: SRLM)
"Up 26.32% in morning trading"

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

Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SLRM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX."

SRLM News:

September 9 - Sterling Mining Company Responds to Misleading Press Releases

Sterling Mining Company (OTCBB: SRLM) (Toronto: SMQ.TO) (Frankfurt: SMX.F) ("Sterling") responded to misleading press releases issued by Sunshine Precious Metals, Inc. ("SPMI"):

On August 18, 2008 and August 29, 2008 SPMI, through its attorney and consultant, Andrew Grundman, published and disseminated press releases about Sterling that Sterling believes to be false and misleading.

The press release has had an adverse affect on the public perception and has adversely effected the public market in Sterling stock. With the price of silver increasingly significantly since 2003 (when Sterling acquired the lease rights) and the Sunshine Mine back in production, it would seem SPMI is prepared to do anything to break the lease or force concessions on the lease terms from Sterling. SPMI is not a public company and has no duty to publish or disseminate press releases as it did on August 29 through PR Newswire.

The August 29 press release issued by SPMI implies Sterling has failed to pay the annual maintenance and claim holding fees to the Bureau of Land management (BLM) as required by federal regulations, because SPMI had not received evidence of payment on August 15. When the press release was issued, SPMI had already received notice that the BLM was paid in a timely manner, so SPMI knew there was no failure to comply with the applicable federal regulations and that implication of such a violation was false and misleading. Further, Sterling has not received notice from any regulatory authority with respect to any potential compliance issue, so SPMI's vague innuendo about other regulatory compliance issues is without any basis that Sterling is aware of.

In its press release of August 29, 2008, SPMI also claims that it has not been provided access to the mine site for inspection and Sterling has failed to procure adequate insurance coverage. Sterling, in response to a request for inspection has permitted SPMI's representatives to view and inspect the surface operations at the Sunshine Mine, including the Mill and to also conduct an underground inspection of the Mine. Sterling also allowed a SPMI representative to inspect business records maintained at Sterling's Big Creek Office. No access has been denied by Sterling. Finally, in SPMI's August 29, 2008 press release, SPMI accuses Sterling of failing to protect the leased property because a claim of lien has been filed by a vendor. Sterling provided notice to SPMI of the filing of a claim of lien and advised SPMI that it was contesting the amount and of the Lien in good faith, which is Sterling's right to do under the terms of the Sunshine Mine lease.

In its first press release dated August 18, 2008, SPMI announced the filing of a lawsuit against Sterling for "not paying rent" on certain buildings. The lawsuit was filed by Sunshine Property Group ("SPG"), apparently an affiliate or subsidiary of SPMI that holds title to the buildings. In the suit, SPG alleges Sterling has not paid rent and should be evicted under the Idaho Landlord/Tenant Law. Sterling has filed an answer to the complaint denying the allegations and asserted a counterclaim alleging Sterling has paid approximately $480,000 to SPG under a purchase option for the building and that SPG refuses to complete the sale. Sterling remains in the building and subleases space from a third party and is current on all lease payment. Sterling intends to vigorously protect its rights and pursue its legal claims. The business arrangement concerning the office building in Big Creek has no relation to the lease of the Sunshine Mine.

Sterling believes SPMI may continue to disseminate false and misleading information to advance its private agenda regarding the Sunshine Mine. Public investors are urged to rely only on information authorized for dissemination by Sterling.