EBFD, MNDP,
QMCI, RHGP, BSGC
QMNM, INBG, ARRT, BDGR, IFNY, PHGI, IPWG, ESRG
Our Stocks to Watch today include
eBenefits Direct, Inc. (OTC: EBFD), Mindpix Corporation (OTC:
MNDP), QuoteMedia, Inc. (OTCBB: QMCI), Renhuang Pharmaceuticals,
Inc. (OTCBB: RHGP), BigString Corporation (OTCBB: BSGC), Quest
Minerals & Mining Corp. (OTCBB: QMNM), International Building
Technologies Group, Inc. (OTCBB: INBG), AmeriResource Technologies,
Inc. (OTCBB: ARRT), Black Dragon Resource Companies, Inc. (OTC:
BDGR), Infinity Energy Resources, Inc. (NASD: IFNY), Perihelion
Global (OTC: PHGI), International Power Group, Ltd. (OTCBB: IPWG)
and Electron Solar Energy (OTC: ESRG).

FEATURED COMPANY

EBENEFITSDIRECT (OTC:
EBFD)
Detailed
Quote: http://www.otcpicks.com/quotes/EBFD.php
Company
Profile:
http://www.otcpicks.com/ebenefits-direct/ebenefits-direct.htm
eBenefits Direct, Inc. is a nationwide
leader in the direct marketing and distribution of a wide range of health
and life insurance products to individuals, families and groups. By utilization
of its many call centers across the country it enables an individual to
efficiently purchase health and life insurance as well as medical and
discount service programs. The company has revolutionized the way health
and life insurance has historically been sold. eBenefits Direct, Inc.'s
approach is through many mass distribution areas such call centers, the
internet and massive lead generation programs.
EBFD News:
December
14 - eBenefits
Direct Subsidiary, L.A. Marketing Plans, Launches Call Center in Portland,
Maine, to Market Healthcare Programs to Uninsured Individuals Across the
U.S.
L.A. Marketing Plans LLC, a wholly owned subsidiary
of eBenefits Direct, Inc. (OTC: EBFD), announced recently that its exclusive
RightHealth program has expanded its operation with a new call center
facility located in Portland, Maine. This addition will allow RightHealth
to reach a significant market of uninsured consumers.
“We are very pleased to be able to offer the RightHealth
portfolio of products for distribution through this call center. RightHealth,
a medical discount program, provides a helpful solution to individuals
that do not qualify for or cannot afford major medical insurance. Through
the association membership, individuals are provided access to medical
discounts and additional defined insured benefits. The launch of this
new facility will help expand and promote the RightHealth programs,”
said Rob Michaelson, President of L.A. Marketing Plans LLC.
RightHealth provides members a combination of discounts
on healthcare costs, including physicians, dental and vision, and access
to a variety of other valuable healthcare features, such as defined accident
insurance coverage, including accident disability income and an emergency
rescue plan, through membership in America's Health Care Consumer Association.
The RightHealth programs are available through Access
Plans USA, Inc. (www.accessplansusa.com),
a publicly traded company. Access Plans is a nationwide distributor of
health insurance and non-insurance healthcare programs that provide access
to affordable healthcare for the growing number of uninsured and/or underinsured
in the United States. For more information on the RightHealth programs,
visit www.righthealthplan.com.
FEATURED COMPANY

MINDPIX CORPORATION (OTC:
MNDP)
Detailed
Quote: http://www.otcpicks.com/quotes/MNDP.php
Company
Profile: http://www.otcpicks.com/mindpix/mindpix.htm
Mindpix is positioned as a powerful and positive media
group of companies. Ultraflex Fitness, UltraFlex Medical, Mindpix Production,
and Mindpix Development are all actively engaged in “for profit”
productions or projects.
UltraFlex Fitness: Developing and marketing the patent
pending UltraFelx Fitness Rod. UltraFlex Fitness promotes a new style
of resistance training called Target Perfect Resistance.
UltraFlex Medical: UltraFlex Medical is poised to make
significant inroads to the $11 Billion US outpatient rehabilitation market.
Ultraflex medical is already working with rehab industry professionals
to create unique and proprietary physical therapy curriculum.
Mindpix Production: Mindpix continues to produce, direct,
and provide post-production services for promising documentaries and other
niche profitable projects.
MNDP News:
December
31 - Mindpix Management
2007 Year-End Letter to Shareholders
Management of Mindpix (OTCBB: MNDP) has determined it
necessary to give a 2007 year-end update on the progress of the UltraFlex
fitness device as well as make our shareholders aware of recent material
decisions regarding previously announced press releases.
Looking back at the
year in review Mindpix has reached many important UltraFlex milestones
including completing a successful twelve-week UltraFlex fitness and
weight loss study, producing workout DVDs, production of a "man
on the street" featuring first-time users, signed the 2007 Female
Presenter of the Year Forbes Riley, introducing TheraFlex to the Physical
Therapy and Training to Physiotherapy Associates, acquiring testimonials
from fitness instructors and personal trainers, a physical therapy training
DVD, signing a major celebrity, introducing new physical therapy and
active senior products (TheraFlex) to name a few. It has been quite
a year and the outlook for 2008 looks equally promising.
Mindpix has decided for strategic reasons not
to air UltraFlex commercials in conjunction with Supplements To Go Ms.
Fitness World Pageant. Mindpix had previously announced (Nov 19th 2007)
that it intended to air two sixty-second commercials during the pageant
broadcast on Fox Sport News beginning January 1, 2008. It was determined
that airing the commercials prior to our infomercial national launch
would not make good marketing sense particularly due to the fact that
our celebrity talent would not be featured in the commercials. Mindpix
holds the option to air commercials beginning in May 2008 during the
Supplements To Go Ms. Fitness USA Pageant.
Mindpix management also has cancelled the exhibition
at the annual Baseball Team Medicine Conference in St. Louis on January
3-5, 2008. A scheduling conflict made it impossible for our medical
division team to attend.
Management believes that the marketing strategy
in place is sound and looks forward to executing the business plan with
profitable results for 2008. Mindpix has benefited from loyal shareholders
who have taken the time to review our progress and communicated with
us ways in which they can assist us in reaching our business goals.
Mindpix wishes each of you a happy and prosperous
new year.
David R. Ballif, CEO
Mindpix Corporation
FEATURED COMPANY

QUOTEMEDIA
INC. (OTCBB: QMCI)
Detailed Quote:
http://www.otcpicks.com/quotes/QMCI.php
Company Profile:
http://www.otcpicks.com/quotemedia/quotemedia.htm
QuoteMedia, Inc. is a leading software
developer and provider of real-time streaming financial market information,
decision-support, news and research solutions to brokerage, financial
services companies, business and media corporations. Among its many leading-edge
products lines, the Company offers data feeds, news, dynamic market content
solutions, interactive stock research tools, financial applications and
real-time wireless applications. QuoteMedia provides data and services
for companies such as the NASDAQ, the OTCBB, Dow Jones & Company,
Forbes.com, Scotia Capital, Business Wire, Southwest Securities, Regal
Securities, FBR Direct, Broadridge Financial Solutions, Inc., AIM Trimark,
Zacks Investment Research, ChoiceTrade, QTrade, Schaeffer's Investment
Research, Automated Financial Systems, WallStreet*E, and others. For more
information, visit www.quotemedia.com.
QMCI News:
December
5 - QuoteMedia
Brings Respected Market Data Industry Veteran Onboard; Opens NYC Office
QuoteMedia, Inc. (OTCBB: QMCI), a leading provider of
market data, corporate research information and financial applications,
announced today the appointment of Mr. George Katsch as Corporate Sales
Director, to lead the company’s new office in New York City.
Mr. Katsch brings more than 15 years of experience in
selling and supporting financial information and technology solutions
to the Brokerage, Financial Service, Media Publishing and Investor Relations
industries. Most recently, Mr. Katsch served as Vice President of Sales
for FinancialContent, Inc., where he was responsible for business development
and sales for the entire North American market. Mr. Katsch has also held
key management positions with Standard and Poor’s and Interactive
Data Corporation (Comstock), where he managed senior account representatives
and support staff. He was principally responsible for maintaining over
$50 million in revenues and generating new sales.
“George is very well-known as a successful, skilled
professional in our industry, and we’re excited that he is joining
the QuoteMedia sales team, heading up our New York office,” said
Dave Shworan, CEO of QuoteMedia Ltd. “He brings a wealth of experience
to our company, and skill sets that make him an immediately great fit
with QuoteMedia, as we continue our explosive growth.”
“From within the industry, I’ve watched
QuoteMedia’s remarkable growth over the past few years. I have been
very impressed with QuoteMedia’s emergence as a major player in
the financial data industry, and the potential for further growth is extraordinary,”
said Mr. Katsch. “QuoteMedia is definitely going places, and I’m
excited to be a part of it.”
FEATURED COMPANY

RENHUANG PHARMACEUTICALS
(OTCBB: RHGP)
Detailed
Quote: http://www.otcpicks.com/quotes/RHGP.php
Company Profile:
http://www.otcpicks.com/renhuang-pharma/renhuang-pharma.htm
Renhuang Pharmaceuticals, located in Harbin
of Heilongjiang Province in Northeast China, is a leading integrated developer,
manufacturer and distributor of a broad line of high-quality nutraceutical,
natural medicinal and bio-pharmaceutical products. The Company provides
three major product lines including the Acanthopanax-based natural medicinal
products, Shark Power Health Care series and Traditional Chinese Medicines.
Renhuang's key product line is Acanthopanax-based products, an effective
natural medicine in treating depression and melancholy and offering various
other health benefits. By controlling an estimated 70% of China's natural
resource of Acanthopanax (also known as Siberian Ginseng), the Company
has a dominant market position in Acanthopanax-based natural medicines.
The Company distributes its products through a multi-layer sales network
of over 2000 sales agents. Its products are not only sold nationwide but
also exported to Russia and Southeast Asia. Renhuang has established a
multi-channel research and development infrastructure composed of in-house
researchers, a post-doctoral working center, and collaboration with well
known institutions and scientists. In manufacturing, the Company strictly
follows the international GMP certified quality standards and system by
utilizing cutting-edge technologies, the state of the art equipment, and
the proprietary innovative and award winning processes. For more information
about Renhuang Pharmaceuticals, visit www.renhuang.com.
RHGP News:
December
17 -
StockGuru Announces a New Executive Interview With Mr. Li Shaoming of
Renhuang Pharmaceuticals
John Pentony, Publisher of Stockguru.com announced that
the company has posted a new podcast interview featuring Renhuang Pharmaceuticals,
Inc. (OTCBB: RHGP). Pentony interviews Mr. Li Shaoming, CEO and Chairman
of the Board, for Renhuang Pharmaceuticals. In the interview Mr. Li discusses
the company and its recent news from the company including its recently
announced Olympic year prime time television ad space on China Central
Television (also known as "CCTV").
To listen to the interview, visit www.stockguru.com/podcasts/?p=21.
FEATURED COMPANY

BIGSTRING
CORPORATION (OTCBB: BSGC)
Detailed
Quote: http://www.otcpicks.com/quotes/BSGC.php
Company
Profile: http://www.otcpicks.com/bigstring/bigstring.htm
BigString Corporation, through its subsidiary,
BigString Interactive, Inc., provides email services. It offers BigString,
which is a Web-based, POP3 server email service solution that allows the
user to edit, recall, cancel, and erase the email, as well as insert or
delete attachments, even after the email has been sent out and opened.
The company also provides BigString Beta 2.0 that offers erasable, recallable,
and self destroying applications, non-printable and non-forwardable emails,
set time or number of views, and masquerading to protect the sender's
privacy and security. BigString Beta 2.0 also provides spam filters, virus
protection, and large-storage web-based email accounts. The company's
products include BigString Free, which provides the features of BigString
Beta 2.0, and includes 1GB of storage and permits the user to send unlimited
emails per month; BigString Premium, which offers the features of the
BigString Free account, plus vanity domains, POP3 access using any email
client, 2GB of storage, and 30 minute video email; and BigString Business
that offers the features of the BigString Premium account, plus 10 email
accounts, 20GB of storage, global filter notification, and email management.
BigString Corporation also offers BigString Marketer Pro, which provides
an enterprise marketing software application which allows for the sending
of interactive video email commercials that can be programmed to self-destruct
at a set time; and BigString Marketer SMB, a hosted video email marketing
platform for small and medium size businesses. The company was founded
in 2003. It was formerly known as Recall Mail Corporation and changed
its name to BigString Corporation in 2005. Bigstring Corporation is based
in Red Bank, New Jersey.
BSGC News:
December
18 - BigString
Corporation Launches Facebook Application Enabling Users to Send Self-Destructing
Videos
BigString Corporation (OTCBB: BSGC) has launched an
application for Facebook that enables users to record or upload videos
that can be programmed to self-destruct at a specific time or after a
set number of views. This is part of a new BigString initiative to develop
social networking messaging applications built around the company's core
technology.
The video application will allow users to send private
self-destructing video messages or to post public video messages to the
recipient’s wall. Users can record a video message directly to the
application or upload a pre-existing message.
Darin Myman, President and CEO of BigString Corporation,
noted that "Video message privacy and security is very important
in a world where you can very easily find your personal videos being put
up without your permission on sites such as YouTube. Social networks such
as Facebook interface well with BigString’s proprietary messaging
technology. We provide added value to websites focused on social networking,
online dating or user-generated content where protecting a user’s
privacy is a major consideration."
STOCKS TO
WATCH
QUEST
MINERALS & MINING CORPORATION (OTCBB: QMNM)
"Up 7.14% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/QMNM.php
Quest Minerals & Mining Corp. engages
in the acquisition and operation of energy and mineral related properties
in the southeastern part of the United States. It owns leasehold interests
in various coal properties in eastern Kentucky. The company was founded
in 2003 and is based in Paterson, New Jersey.
QMNM News:
January
4 - Quest Minerals
& Mining Announces Letter of Intent with Powell Branch Energy
Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt:
QMNB), a Kentucky based operator of energy and mineral related properties,
announced its intent on a joint venture with Powell Branch Energy coal
properties in southern Kentucky.
The initial project would encompass 1,400,000 tons of
coal reserves from the Elkhorn # 3 coal seam structured through a lease
agreement to mine property held by Powell Branch Energy.
Quest CEO Eugene Chiaramonte, Jr. said, “This
relationship continues our expansion and diversification program previously
announced to help increase shareholder value and diversify our current
properties. The Elkhorn # 3 seam has proven to be one of the most accessible
coal seams in Eastern Kentucky with seam heights ranging between 55 to
60 inches. The additional reserves from this project can be reopened and
ready to mine without any rehab. As soon as the permits could be transferred,
production would take place in early 2008 with a potential result of 30,000
tons per month.“
The company is currently raising capital to adequately
pursue this opportunity, and any such expansion by the company will depend
on the company's ability to attract new investment capital to support
the potential growth into these sectors.
INTERNATIONAL
BUILDING TECHNOLOGIES GROUP (OTCBB: INBG)
"Up 98.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/INBG.php
International Building Technologies Group,
Inc. engages in the manufacture and sale of building panels used in construction
worldwide. It also provides site planning, architectural and engineering
services, contractor services, materials, equipment, training, and supervision.
The company is based in Alameda, California.
INBG News:
January
4 - International
Building Technologies Group, Inc. Signed a MOU to Acquire a Machinery
Manufacturing Co. With USD 3.9 Million Worth of Assets
International Building Technologies Group, Inc. (OTCBB:
INBG) announced that it has recently entered into a Memorandum of Understanding
(MOU) to acquire a machinery manufacturing company in Wuhan, Hubei Province
of China. The Hubei InteWufeng Machinery Co., Ltd. currently offers several
lines of equipment, but its machining capabilities can be retooled to
manufacture the panel production manufacturing systems that IBT will utilize
in several planned projects in China and other countries.
The signed MOU has specified the basic terms of a Final
Agreement to acquire the machinery manufacturing company following due
diligence and financial review by both companies. Financial information
provided by the Hubei InteWufeng Machinery Co., Ltd. states the company
currently has assets worth RMB 28.5 million (US Dollar 3.9 million approx.)
and generated revenue of RMB 30 million (US Dollar 4.1 million approx.)
in the year of 2007.
Stated Kenneth Yeung, CEO of International Building
Technologies Group, Inc., “This potential acquisition would give
IBT the ability to manufacture its proprietary equipments of panel production
machinery. The Hubei InteWufeng Machinery Co., Ltd. currently has state
of the art tool and machining systems, experienced engineers, design capabilities
for new lines of equipment as well as strong service and after-sales support.
Strategically, this acquisition would strongly support IBT’s ability
to supply the market for building panels in China and throughout the world.”
The acquired company is located in Wuhan, Hubei Province
of China. It is a machinery factory that manufactures equipment, production
lines and heavy equipments for mineral refinery in China. It has been
one of the key players in the same type of equipment manufacturing industries
for the last decade. For further information of The Hubei InteWufeng Machinery
Co., Ltd., visit www.ytwf.com.
For more information on International Building
Technologies Group, Inc. visit www.ibtgi.com.
AMERIRESOURCE
NEW
(OTCBB: ARRT)
"Up 40.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/ARRT.php
AmeriResource Technologies, Inc., through
its subsidiaries, operates online auction drop-off locations that enables
online sale of goods on eBay. As of March 31, 2007, the company operated
8 drop-off locations, as well as 25 affiliate locations. It also develops
self-serve/checkout systems that enable customers of fast-food and take-out
restaurants to place their food and beverage orders and pay with cash
or a credit/debit card; and provides software design and product development
for commercial business users doing business on eBay. The company also
provides eBay liquidation services for excess inventory, overstock items,
and merchandise that has been returned to the retailer; and conducts sales
on eBay for the customers. In addition, it provides voice over Internet
protocol (IP) communications solutions and IP communications devices.
The company was incorporated in 1989 and is based in Las Vegas, Nevada.
ARRT News:
January
4 - AmeriResource
2007 4th Quarter Sales Increase Significantly
AmeriResource Technologies, Inc. (OTCBB: ARRT), a diversified
holding company announced today that its revenues (unaudited) for its
subsidiaries, BizAuctions, Inc., AuctionWagon Inc., and RoboServer Systems
Corp., for the quarter ending December 31, 2007, has increased approximately
363%.
"For the quarter ending December 31, 2007, revenues
have increased to approximately $1,033,131 from approximately $223,123
for the corresponding quarter in 2006. The increase in revenues is attributed
to the core management team and staff in each of the companies as well
as the strong growth in the business model of BizAuctions, Inc. The Companies
have made significant progress in increasing gross profits and reducing
expenses however have not achieved net profits after General and Administrative
expenses," noted Delmar Janovec, CEO of AmeriResource.
"BizAuctions employs two primary business models,
whereby it liquidates inventory through eBay on consignment for a lucrative
commission; and/or it purchases inventory at a fraction of retail price
for the purpose of liquidating it for a profit. Management has worked
diligently to bring in new commercial clients who recognize the Company's
commitment to provide a quality service for the client. BizAuctions consigns,
buys inventory, and liquidates through eBay," continues Janovec.
"AuctionWagon is one of the leaders in the auction-consignment
software management systems and operations. After opening one of the world's
very first eBay drop-off stores, AuctionWagon's team of retail experts
and former software developers from Microsoft and eBay developed a software
platform, the Store Manager Pro [G2], which has revolutionized the way
merchandise is offered for sale to the world on eBay. AuctionWagon is
both an eBay Certified Developer and eBay Trading Post that has the insider
expertise and proven ability to lead the industry," comments Janovec.
"RoboServer Systems Corp., developer of the revolutionary
Self-Serve System that enables quick-service restaurant customers to process
their own orders on a touch-screen kiosk has made significant progress
in 2007 with the development of its 'Assisted Server-CT-MY1,' dual screen
counter top unit, and the establishment of two new divisions within the
Company, 'LineBuster' and 'iOrder.' We anticipate being very busy in 2008
with the development of the 'Assisted Server-CT-MY1' and the establishment
of RoboServer's two new divisions, 'LineBuster' and 'iOrder,'" concluded
Janovec.
For additional information on the subsidiaries, visit
their website at www.bizauctions.com,
www.auctionwagon.com, and www.roboservercorp.com.
The Company encourages the public to read the
above information in conjunction with its year-end 10-KSB for December
31, 2006, and the third Quarter 10-QSB for September 30, 2007. The financial
statements can be viewed at www.sec.gov.
BLACK
DRAGON RESOURCE COMPANIES (OTC: BDGR)
"Up 41.03% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/BDGR.php
Black Dragon Resource Companies, Inc. engages
in the acquisition, development, production, and sale of oil and gas,
and natural gas properties in the United States. It produces oil and natural
gas from marginal stripper wells, whose production has slowed to 1/2 barrels
of crude oil per day or less. The company was incorporated in 1996 as
Vita Health, Inc. and changed its name to Vita Warehouse Company, Inc.
in 1999. Further, it changed its name to Texas Diversified Distributors,
Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to
Black Dragon Resource Companies, Inc. in December 2004. Black Dragon Resource
Companies, Inc. is headquartered in Oil City, Louisiana.
BDGR News:
January
3 - Black Dragon
Announces Significant Further Progress on the Joint Venture Funding Negotiations
On January 2, 2008, Mr. Joe Lanza, President of Black
Dragon Resource Companies, Inc. (OTC: BDGR) announced that negotiations
with a Joint Venture Funding Partner, as previously announced last week,
were close to being completed.
Mr. Lanza reiterated that the Funding Joint Partner
has agreed to provide the Joint Venture with a significant investment
of at least $100,000,000. He added that the Joint Venture Partner had
just confirmed to its satisfaction that the Company's oil and gas reserves
have a value of at least $2.7 billion dollars and that it was prepared
to move forward with the transaction, subject to finalization of its audit,
which should be completed within a week.
Mr. Lanza also reported that the Joint Venture Partner
and the Company had agreed in principle to all terms of the Joint Venture
Agreement, the completion of which is now subject only to Counsel's review.
Further, and perhaps most significant, Mr. Lanza reported
that he had met with the proposed new management team who, according to
Mr. Lanza, has the extensive experience in both oil and gas technology
and in production management to ensure the success of the Joint Venture
and the full and proper development of Black Dragon's extensive resources.
Mr. Lanza concluded by stating that he was most impressed
with the proposed management team and upon the Funding of the Joint Venture
and the finalization of all details of the Joint Venture that he believed
his goal for the Company would have been realized and that he would promptly
resign. All Black Dragon shareholders, he concluded, will be greatly benefited
by the new Joint Venture structure, and with the expansion of Black Dragon
operations, which could only increase shareholder value.
Management believes that all details of the Joint Venture
will be finalized prior to the Annual Meeting on January 16, 2008, so
that the matter could be considered by the Stockholders at that time.
INFINITY
ENERGY RESOURCES (NASD: IFNY)
"Up 32.61% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/IFNY.php
Infinity Energy Resources, Inc., through
its subsidiaries, engages in the acquisition, exploration, development,
and production of natural gas and oil in the United States. The company's
properties are located in the Fort Worth Basin of north central Texas;
the Rocky Mountain region in the Greater Green River Basin in southwest
Wyoming; and the Sand Wash and Piceance Basins in northwest Colorado.
It also has interest in an oil and gas exploration property offshore Nicaragua
in the Caribbean Sea. As of December 31, 2006, the company's total proved
reserves were 7.7 billion cubic feet of gas equivalent. Infinity Energy
Resources was founded in 1987 and is based in Denver, Colorado.
IFNY News:
January 4 -
Infinity Enters Into Asset Sale and Joint Venture Agreements With Forest
Oil Corporation
Infinity Energy Resources, Inc. (NASD: IFNY) ("Infinity"),
an independent oil and gas exploration and development company, announced
that its wholly-owned Infinity Oil & Gas of Wyoming, Inc. ("Infinity-Wyoming")
subsidiary entered into a definitive Asset Purchase and Sale Agreement
with Forest Oil Corporation (NYSE: FST) ("Forest Oil") on December
27, 2007.
Under the terms of the Asset Purchase and Sale Agreement,
Infinity-Wyoming has agreed to sell, and Forest Oil has agreed to purchase,
essentially all of Infinity-Wyoming's producing oil and gas properties
in Colorado and Wyoming, along with 80% of the working interest owned
by Infinity-Wyoming in undeveloped leaseholds in Routt County, Colorado
and Sweetwater County, Wyoming, for $17.4 million in cash, subject to
ordinary and customary adjustments from the effective date of October
1, 2007 through the date of closing, which is anticipated to occur on
or about January 7, 2008. The closing of the Asset Purchase and Sale Agreement
is contingent upon the satisfaction of certain customary closing conditions.
Infinity currently expects the adjusted proceeds from
the sale to be approximately $16 million. Sale proceeds will be utilized
to (1) retire approximately $12 million in outstanding bank debt; (2)
settle open oil and gas commodity derivative liabilities of less than
$2 million; and (3) pay accrued interest and forbearance fees and prepay
interest totaling approximately $0.8 million to Amegy Bank N.A. The remainder
of the sale proceeds, along with amounts to be received from Forest Oil
under the Farmout and Acquisition Agreement described below, are anticipated
to be reserved for the payment of certain accounts payable and accrued
liabilities.
"We are very pleased to announce this agreement
to sell our Colorado and Wyoming producing properties to Forest Oil Corporation,"
stated Stanton E. Ross, Chairman and Chief Executive Officer of Infinity
Energy Resources, Inc. "Not only will the transaction allow Infinity
to significantly reduce its bank debt, but we will retain 100 percent
ownership of the Piceance Basin and Labarge exploratory properties in
the Rocky Mountains and have retained the right to a 20 percent working
interest in any future wells that Forest may drill in the Sand Wash Basin
on the exploratory acreage sold."
Also on December 27, 2007, Infinity Oil and Gas of Texas,
Inc. ("Infinity-Texas"), a wholly-owned subsidiary of Infinity,
entered into a Farmout and Acquisition Agreement for certain oil and gas
leaseholds owned by Infinity-Texas in Erath County, Texas. The Farmout
and Acquisition Agreement provides that Forest Oil will operate and earn
a 75% interest in the spacing unit for each well in a ten-well drilling
program. If Forest Oil completes the drilling program, Forest Oil will
earn a 50% interest in the approximate 31,000 remaining undeveloped net
acres and existing Erath County infrastructure owned by Infinity. The
drilling obligation begins no later than March 15, 2008. Infinity Texas
retains 100% of its interest in all currently completed wells and 100
acres surrounding each currently completed well.
"We are delighted that Forest Oil has agreed to
joint venture with Infinity-Texas in the development of a significant
portion of our acreage in the Barnett Shale play in Erath County,"
noted Ross. "The acreage involved in the joint venture is largely
undeveloped, and Infinity will retain full ownership of the 24 wells we
have drilled in the northern portion of Erath County, along with our acreage
and wells in Comanche County, Texas. We are optimistic that our operating
cash flows will be sufficient to service our remaining bank debt and future
corporate overhead expenses."
"The sale of the Rocky Mountain properties and
farmout of the Texas Erath acreage to an experienced and well-qualified
operator completes the first part of a business plan designed to resolve
Infinity's liquidity problems and bring the Company back to a growth mode,"
stated Dr. Renato Bertani, Infinity's Chief Operating Officer. "The
transactions were structured not only to raise the proceeds necessary
to substantially reduce the Company's debt but also to afford Infinity
a participation in the upsides that we have identified in the undeveloped
acreage of both areas."
"Looking forward, in addition to the prospects
for our joint venture with Forest Oil in Texas and the exploration potential
of our other properties in Texas and the Rocky Mountains, Infinity management
will devote its primary attention to our 1.4 million-acre offshore oil
and gas concession in Nicaragua. We are scheduled to travel to Nicaragua
again in January 2008 for what will hopefully be a productive meeting
with federal and regional government representatives to finalize our exploration
contracts. Once the contracts have been signed by all parties, Infinity
plans to acquire additional seismic information and pursue discussions
with potential partners in what we believe has the potential to be a 'world-class'
oil and gas development opportunity," concluded Ross.
Infinity has filed a Current Report on Form 8-K
with the SEC that provides significant additional information on the subjects
discussed in this press release. Investors are encouraged to review such
Form 8-K filing in detail.
PERIHELION
GLOBAL (OTC: PHGI)
"Up 33.33% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/PHGI.php
Perihelion Global focuses on the acquisition,
development and management of technologies, strategic commodity reserves
and assets in the energy, natural resource and communications markets.
Perihelion's management team specializes in providing solutions for the
strategic challenges of 21st Century. We lead with decades of experience
in environments that are mission critical in today's global marketplace.
For more information, visit www.perihelionglobal.com.
PHGI News:
January 4 -
Perihelion Global and Petroleum Distributor Crew Distributing Co., Inc.
Execute 5 Year Biofuel Purchase, Distribution & Marketing Agreement
Perihelion Global (OTC: PHGI) announced that the company
has executed a formal 5-year agreement with Petroleum Distributor Crew
Distributing Co., Inc. to purchase, distribute and market Biodiesel from
the company's Opp, Alabama Biofuel Refinery.
The 5-year Purchase, Distribution & Marketing agreement
calls for Crew Distributing to purchase the permitted production capacity
of (currently permitted for approximately 3 Million Gallons annually)
Perihelion's Opp Refinery. Additionally, Crew Distributing has secured
a first right of purchase, distribution and marketing option on all increases
in production capacity for the Opp Refinery. The Opp Refinery is planned
to have annual production of 60 Million gallons per year with the Phase
Two addition.
The new 5-year Purchase, Distribution and Marketing
agreement greatly expands on the previously announced Letter of Intent
for Crew Distributing to purchase 1.2 million gallons of Biodiesel from
Perihelion. Under the formal agreement that is being announced today,
Crew Distributing will also provide logistical transport, distribution,
marketing and additional storage capacity and for all Biofuel produced
at the Opp Refinery.
With over 30 years experience, Crew Distributing, Co.,
Inc. is a major oil company distributor, operates a fleet of tanker trucks
and is licensed, bonded and insured to distribute petroleum fuels, chemicals
and lubricants in the Southeastern United States to portions of Alabama,
Georgia, Mississippi and Florida. Crew Distributing also owns and operates
several major oil company branded retail gas stations.
"We are very excited to announce this formal
agreement with Crew Distributing to our shareholders," stated John
H. Beebe, Chairman, Chief Executive Officer & President of Perihelion
Global. "Crew Distributing's decades of experience combined with
their existing distribution capability, infrastructure and sterling reputation
makes an ideal partnership for our company."
INTERNATIONAL
POWER GROUP (OTCBB: IPWG)
"Up 11.11% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/IPWG.php
International Power Group, Ltd. engages
in the construction and management of waste disposal plants in the United
States. It primarily intends to build and operate waste-to-energy facilities
to process solid and hazardous wastes by incineration. International Power
Group, through its subsidiary, also offers waste disposal services. The
company was founded in 1998 and is based in Celebration, Florida.
IPWG News:
January
3 - International
Power Group Egypt, Ltd. Concludes Royalty Agreements with Two Egyptian
Companies
International Power Group Egypt, Ltd. (“IPWG Egypt”),
a subsidiary of International Power Group, Ltd. (OTCBB: IPWG), announced
that it has consummated royalty agreements with Egypt Rubber, Ltd. (ERL)
and the LOL Group (LOL) — two companies with considerable expertise
in the waste oil and used tire recycling fields.
Louis D, Garcia, Chief Financial Officer of IPWG Egypt,
stated, “These agreements are in furtherance of the August 2007
Memorandum of Understanding and Cooperation Protocol Agreement between
the Egyptian government and IPWG Egypt’s principal shareholders.
ERL will be constructing and operating a state-of-the-art tire recycling
plant in Alexandria, Egypt, and LOL will be taking over from the Egyptian
government operations of an existing waste oil recycling facility in Alexandria,
Egypt. ERL and LOL already have in place agreements for the supply of
waste oil and used tires to their plants, as well as orders for all of
the recycled lube oil and rubber they will be producing. IPWG Egypt will
receive a five percent (5%) royalty from both ERL and LOL for consulting
and business development services.”
ELECTRON
SOLAR ENERGY (OTC: ESRG)
"Up 20.00% in morning trading"
Detailed
Quote: http://www.otcpicks.com/quotes/ESRG.php
Electron Solar Energy, based in Miami,
Florida, is engaged in the international distribution of alternative energy
systems. The Company’s turnkey solutions provide solar and wind
energy generation, as well as energy storage systems sold B2B and B2C
worldwide. The Company also sells a proprietary line of sealed batteries,
inverters, converters, Solar Panels, Related components, and gas and diesel
fuel generators. For more information, visit www.electronsolarenergy.com.
ESRG News:
January
4 - Electron
Solar Energy Selected by Two Major U.S. Manufacturers to Distribute Wind
Energy Systems
Electron Solar Energy (OTC: ESRG), an international
distributor of alternative energy systems, announced that it entered into
a sales and distribution arrangement with two major U.S. manufacturers
of wind energy systems to bring their wind generators to the Latin American
and Caribbean markets.
President and CEO of Electron Solar Energy, Christopher
Quinn said, “Wind energy is a very exciting renewable and eco-friendly
technology. This move represents an important complement to our suite
of solar energy products. On cloudy days, wind power is ideal for use
as a compliment or add-on to solar energy systems, and is a viable power
generation option in itself, in lieu of solar panel arrays in other regions.
Wind generator technology is being embraced by Latin American countries
like Brazil, Argentina, Mexico and Costa Rica as a means to cost-effectively
bring reliable power to remote locations as well as densely populated
cities without using existing power lines.”
“Many of our existing distributors have requested
wind generator systems, and we are now capable of dispatching industry-leading
wind generator systems directly from our warehouse in Miami, Florida to
anywhere in Latin America or the Caribbean with same-day delivery if needed.
We have a knowledgeable staff and web portal capable of communicating
in English, Spanish or French, which enables us to best serve hard-to-reach
markets in need of renewable energy sources,” added Quinn. |