OTCPicks.com

FEATURED COMPANY

MONEY4GOLD HOLDINGS INCORPORATED (OTCBB: MFGD)
"Up 4.48% in morning trading"

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

Company Profile: http://www.otcpicks.com/money4gold-holdings.htm

Money4Gold’s mission is to increase shareholder value by producing gold, platinum and silver in increasing quantity, and without the risks of mining, large capital costs or the attendant environmental and political hazards. Management believes Money4Gold can offer the upside potential of the thriving precious metals markets by the broad-scale acquisition, recycling and production of gold, platinum and silver, while concurrently providing a new level of service and payout to individuals and groups wanting to sell their precious metals. Through Money4Gold’s consumer websites, including www.Dollars4Gold.com, the company strives to provide the most convenient, efficient and secure method for individuals to recycle items containing precious metals.

MFGD News:

October 20 - Money4Gold Holdings Inc. Excels During First Quarter as Public Company

Money4Gold Holdings Inc. (OTCBB: MFGD) has completed its first full quarter of operations as a public company, experiencing significant growth while validating operating models.

The Company initiated operations in the second quarter and began recognizing revenue in July. Management has found a direct correlation between requests from customers to receive the Company’s mailer permitting them to send in gold and other recyclable precious metals, and the revenue the Company recognizes. The number of requests has dramatically increased, which will be reflected in our revenue for the fourth quarter of 2008. The Company is also achieving payment acceptance rates of approximately 95%, indicating that Money4Gold’s payout percentages have been directly in line with or exceeding customer expectations.

“The 3rd quarter was a very successful testing phase for our expanded marketing, collection, refining, and customer relations initiatives,” stated Daniel Brauser, president and chief operating officer of Money4Gold Holdings, Inc. “Our performance exceeded internal expectations, completely supported our business model assumptions, and the results from the second half of September to date, which will be recognized in the fourth quarter, indicate further significant growth as we continue to execute in the 4th quarter.”

With confidence gained from the Company’s successes thus far, management will continue to expand on Money4Gold’s multi-tiered marketing campaign encompassing radio, television, on-line, and alternative media in the 4th quarter.

Money4Gold Holdings Inc., plans to release 3rd quarter financials during November.

October 20 - Money4Gold Holdings Inc. Rated 'Speculative Buy,' Target Price $1.17 by Beacon Equity Research

Money4Gold Holdings Inc. (OTCBB: MFGD) has been rated a “Speculative Buy,” with a price target of $1.17 by Beacon Research Analyst, Victor Sula, Ph.D.

The full report is available at http://beaconequity.com/main/Page-data/Adpages/MFGD.

In the report, the analyst writes, “The Company launched its business in a test phase in this year’s third quarter and achieved results exceeding expectations. Going forward, MFGD has begun print, TV and radio advertising. … MFGD’s business model allows the Company to capitalize on rising demand for recycled precious metals, avoid mining risk and minimize its overhead spending and cost structure.”

Other companies in the industrial metals & mineral industry include: BHP Billiton Ltd. (NYSE: BHP), Peabody Energy Corp. (NYSE: BTU), CONSOL Energy Inc. (NYSE: CNX) and Fording Canadian Coal Trust (NYSE: FDG).

FEATURED COMPANY

MEDIVISOR INCORPORATED (OTC: MVSR)
"Up 16.67% in morning trading"

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

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

Medivisor, Inc. provides medical information to healthcare professionals, primarily physicians, through its Web sites, using inter-active, informational, and video and graphic presentations. It also focuses on offering Web site services to various industries seeking direct access to physicians, including providers of continuing medical education courses; sponsors of medical conferences and seminars; and pharmaceutical companies, using an online marketing format known as e-detailing. The company was founded in 2002 and is headquartered in Huntington Station, New York.

MVSR News:

October 15 - Medivisor, Inc. Signs Additional Agreement for Distribution of 'Maximum Energy Shot'; Terms Include $500,000 Minimum Orders for Renewable Contract

Medivisor, Inc. (OTC: MVSR), developer of next-generation focus driven marketing tools, announced today that it has entered into an agreement with Stack-It Distributors, Inc. for the distribution of its newly announced energy drink, Maximum Energy Shot. Medivisor has retained Stack-It Distributors, Inc. to distribute its energy drink, and Stack-It Distributors Inc. is to provide minimum orders of $500,000 for an annually renewable contract. The agreement with Stack-It Distributors is substantially similar to Medivisor's previously announced agreement with Market Quest USA.

"Industry dynamics are changing at a rapid pace and the opportunity to enter into the fastest growing segment of the beverage industry, energy drinks, along side of Medivisor, Inc. is a great opportunity," stated Stack-It President Robert Kaible. "We share common vision and values and expect the brand, Maximum Energy Shot, to be a sales success."

Stack-It Distributors, Inc. is a full-service distribution company committed to being the beverage distributor of choice in the Northeast, sustaining profitable growth for the brands it represents. Headquartered on Long Island, NY, Stack-It prides itself on providing remarkable service to its customers and providing a great culture for its teammates.

FEATURED COMPANY

BRITE-STRIKE TECHNOLOGIES INCORPORATED (OTC: BSTI)

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

Company Profile: http://www.otcpicks.com/brite-strike/brite-strike.htm

Brite-Strike Tactical Illumination Products, Inc. was started by two police officers to create world-class tactical LED flashlights that had the features that police officers and citizens need to keep them safe. Brite-Strike makes a promise to always use the latest technology, world-class components, highest design and manufacturing standards, so consumers can rely on Brite-Strike products when they are needed.

BSTI News:

October 6 - Brite-Strike Tactical Illumination Products, Inc. Receives Solar Product Patent

Brite-Strike Tactical Illumination Products, Inc. (OTC: BSTI) announced that it and Glenn Bushee, President of the Company, were awarded US Patent No. 7,350,692, for a Solar Powered Mailbox/Driveway Lamp. The product, the first commercial product the company has developed which utilizes LED lighting powered exclusively by small solar panels, will be introduced in 2009. The Company plans on developing and distributing products which have the potential to revolutionize the use of LED lighting in this country, through a wholly owned division, Brite-Strike Technologies.

"This product will be our first entry that marries the energy efficiency of LED light with the portability of solar," said Glenn Bushee, President of Brite-Strike. "The technology we developed for our revolutionary tactical flashlights has direct applications for many lighting applications, as we can produce a light far brighter than those currently available in the marketplace. LED lights only use 5% of the equivalent energy of incandescent lights, with almost no heat, so developing products utilizing this technology can make major inroads in cutting energy consumption in this country. Our first product will be of the highest quality, and will function as a driveway lamp with mailbox light, address number lights, and an optional motion-activated light with camera-all powered by solar, with no external wiring required. It will offer incredible value for the consumer. We have other more significant products which we are working on, which will be announced in the weeks to come," said Mr. Bushee.

FEATURED COMPANY

GREENCHEK TECHNOLOGY INCORPORATED (OTCBB: GCHK)

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

Company Profile:
http://www.otcpicks.com/greenchek-technology/greenchek-technology.htm

GreenChek Technology, Inc. manufactures and distributes hydrogen injection technology devices that primarily focus on mobile transportation applications and industrial generative power applications. It also provides mobile greenhouse gas emissions reduction technology. The company's Onboard Hydrogen Generation and Injection technology is used for emissions reduction technology and fuel economy enhancement in trucks, locomotives, and automobile engines. It has operations in the United States, Canada, Asia, and Europe. The company, formerly known as Ridgestone Resources, Inc., was founded in 2006 and is headquartered in San Francisco, California.

GCHK News:

October 14 - GreenChek Announces a More Aggressive Strategic Plan Following 3rd Party Certification Results

GreenChek Technology Inc. (OTCBB: GCHK), a leading globally focused provider of hydrogen based technology for mobile transportation and stationary power generation applications, reported that they are fast-tracking their Strategic Sales Plan as a result of the certification process which confirmed prior results of in-house testing. Management is currently targeting Chinese and Canadian companies for rapid deployment of our products.

GreenChek manufactures an emission reducing device simply known as the ERD 1.0, which can be retrofitted to any vehicle or combustible engine regardless of fuel source. This device reduces vehicle emissions as well as increases fuel economy.

GreenChek’s Chief strategy Officer, Donald Walling who was involved directly in the certification process pointed out that, “The validation of our ERD 1.0 with our successful 3rd Party certification from a world recognized company such as Clean Air Technologies Inc., has reaffirmed the significance of our technology.” Walling further noted, “This has given our senior management team even more confidence for us to more aggressively forge forward with our Strategic Plan as well as in building our strategic alliances and plans for Europe.”

GreenChek’s President and CEO Lincoln Park added, “Initially our plan called for GreenChek to make aggressive inroads into Europe and the United States in Q4 2008 through to Q2 2009. We had originally planned to enter the markets in China and Canada late 2009 and into 2010. However, since our 3rd Party Certification we are now more optimistic and are currently entertaining discussions with various Chinese companies in addition to mapping out our approach to attack and penetrate the Canadian market as well.”

FEATURED COMPANY

WIND ENERGY AMERICA INCORPORATED (OTCBB: WNEAE)

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

Company Profile:
www.otcpicks.com/wind-energy-america/wind-energy-america-2.htm

Wind Energy America Inc. develops and operates wind energy projects in the Great Plains and the Midwest, regions known for their high quality wind energy resources. The Company owns interests in three wind farms: Shaokatan Hills LLC, Lakota Ridge LLC and CHI Energy. At present, WNEA owns a developer's stake and a minimal interest producing negligible cash flow in these wind farms. Over the next two years the developer’s stake will begin producing significant cash flow from these projects. The three wind farms together contain 79 modern wind turbines and have a total rated capacity of 53.5 megawatts (MW). They are collectively generating approximately 160 million kilowatt hours (kWh) of electricity annually. In addition to these properties, the Company owns a 3 percent equity interest in Averill Wind LLC, a 10 MW wind farm being developed near Fargo, N.D., another region favorable for wind power energy.

WNEAE News:

September 23 - Wind Energy America, Inc. Signs Services Agreement with Outland Renewable Energy, LLC

Wind Energy America Inc. (OTCBB: WNEAE) ("WNEA") announced that Outland Renewable Energy LLC (Outland) has signed a services agreement for four newly acquired Gamesa wind turbines in Minnesota and Iowa. These wind turbines represent 5.7 megawatts of new wind capacity for WNEA.

It is expected that Outland will work alongside Gamesa, who has a similar arrangement with WNEA for its wind turbines in Iowa. “We are pleased to be contracting with Outland for these services,” said Bob Knutson, managing director for WNEA. “Outland is known for the quality of the services they provide and for maintaining an extremely safe work environment. We expect this to be the beginning of a close working relationship involving WNEA projects across the upper Midwest.”

Outland’s Chief Operating Officer, Steve Scott, said, “We’re excited to support WNEA in the commissioning and on-going operations and maintenance of these turbines. We know the technology quite well and they’re right here in our own back yard. It’s a good fit for both companies.”

ABOUT OUTLAND RENEWABLE ENERGY LLC

Outland Renewable Energy is a leader in the development, construction and maintenance of wind facilities in the United States. With more than 100 full time employees in the US, the Company maintains their development office in Chaska, Minnesota and manages all operations from Canby, Minnesota.

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:

October 14 - Copper King Mining Corporation Announces Further Mining Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, provided further updates concerning its operations.

Ore Body Discoveries

New drillings in the company’s current mine locations recently revealed that the ore body present is much larger than expected. In three drilled holes, several hundred feet from the known ore body, the company discovered extended intervals of over 1.00% copper, with corresponding gold and silver averages. Current “Check” assays from Chemex confirmed that the high-grade ore from the company’s Hidden Treasure mine is over 50% copper with a substantial gold credit equivalent of over 0.05 ounces per ton.

Mill Completion and Positive Cash Flow

The company expects the Flotation Mill to be fully online and the flow sheet perfected by January 2009, with positive cash flow following. The company expects to be in a position to pay its first dividends by June 2009.

STOCKS TO WATCH

BLACKSTONE LAKE MINERALS INCORPORATED (OTCBB: BLLK)
"Up 130.77% in morning trading"

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

Blackstone Lake Minerals, Inc., an exploration stage company, acquires and explores mineral properties primarily in Canada. It holds interest in Blackstone Lake property that hosts uranium and gold deposits covering approximately 9,600 hectares, located in north-central Saskatchewan, Canada. The company, formerly known as Skyflyer, Inc., was incorporated in 2004 and is based in Point Roberts, Washington.

BLLK News:

October 20 - Blackstone Lake Minerals Inc.: Entry Into Technology Purchase Agreement and Appoints James Sandino as a Director

Blackstone Lake Minerals Inc. (OTCBB: BLLK) (the "Company") announced that it has entered into a technology purchase agreement (the "Technology Purchase Agreement") dated October 16, 2008 with NY Financial (International) Corp. ("NY Financial"), Caleco Pharma Corp. ("Caleco"), the Company's wholly owned subsidiary, and John Boschert, the Company's sole executive officer and director. Under the terms of the Technology Purchase Agreement, NY Financial has agreed to assign and transfer its right, title and interest in the proprietary technology and the intellectual property related thereto, including all patent applications in the United States and Europe, developed by NY Financial for the treatment of liver disease and other ailments, particularly resulting from viral infection such as the Hepatitis C virus infection (the "Technology").

As consideration for the Technology, the Company and Caleco have agreed to pay NY Financial: (i) $50,000 within 10 days of entering into the Technology Purchase Agreement; (ii) $50,000 on closing; and (iii) to reimburse the documented costs related to the recording of the patents and the filing of the European Drug Master Files, which amount is not to exceed 550,000 EUR. As further consideration, Mr. Boschert has agreed to transfer 32,000,000 shares of the Company's common stock (the "Principal Shares") to NY Financial on closing.

The closing of the acquisition of the Technology is to occur on or before December 12, 2008. There are no assurances that the Company will be able to complete the acquisition of the Technology.

Appointment of James Sandino as a Director

The Company is also pleased to announce that it has appointed James Sandino to the Company's Board of Directors.

James Sandino has over twenty five years of marketing experience, including marketing in the healthcare industry. In 1970, Mr. Sandino obtained a Bachelor of Arts from St. John's University in Collegeville Minnesota. From 1996 to 2001, Mr. Sandino was the President and CEO of Lowe Consumer Healthcare World Wide, a consumer focused healthcare marketing agency. Since 2001, Mr. Sandino has been the President and CEO of the Sandino Group, LLC, an independent marketing and business development consultancy which specializes in healthcare, direct marketing and strategic planning. From 2005 to 2008, Mr. Sandino also was the Chief Marketing Strategist for Integrated Marketing Solutions, Inc. and assisted clients in establishing brand recognition.

PLATINA ENERGY GROUP INCORPORATED (OTCBB: PLTG)
"Up 23.81% in morning trading"

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

Bold, distinctive, Baja-inspired food is the hallmark of Rubio's Fresh Mexican Grill®. The first Rubio's was opened in 1983 in the Mission Bay community of San Diego by Ralph Rubio and his father, Ray Rubio. Rubio's is credited with introducing fish tacos to Southern California and starting a phenomenon that has spread coast to coast. In addition to chargrilled marinated chicken, lean carne asada steak, and slow-roasted pork carnitas, Rubio's menu features seafood items including grilled mahi mahi and shrimp. Guacamole and a variety of salsas and proprietary sauces are made from scratch daily, and Rubio's uses canola oil with zero grams trans fat per serving. The menu includes tacos, burritos, salads and bowls, quesadillas, HealthMex® offerings which are lower in fat and calories, and domestic and imported beer in most locations. Each restaurant design is reminiscent of the relaxed, warm and inviting atmosphere of Baja California, a coastal state of Mexico. Headquartered in Carlsbad, California, Rubio's operates, licenses or franchises more than 180 restaurants in California, Arizona, Colorado, Utah and Nevada.

PLTG News:

October 15 - Platina Energy Group Inc. Rated 'Speculative Buy,' Target Price $0.30 by Beacon Equity Research

Platina Energy Group Inc. (OTCBB: PLTG) has received a Speculative Buy rating with a price target of $0.30 by Beacon Analyst, Lisa Springer, CPA.

The full report is available at http://beaconequity.com/main/Covered-Companies/ Platina-Energy-Group-Inc/(showAs)/short (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

In the report, the analyst writes, “The Company plans to deploy its TPU and ESP-jet pump technologies on its own properties. If these technologies prove valuable for large scale drilling projects in the field, PLTG is likely to attract many interested licensees and negotiate technology licensing arrangements potentially worth millions of additional dollars. We think the Company’s proprietary technologies will give PLTG a meaningful competitive advantage positioning the Company for superior long-term growth.”

Other companies in the oil and gas exploration industry include: Aurora Oil & Gas Corp. (AMEX: AOG), GMX Resources Inc. (Nasdaq: GMXR), Brigham Exploration Company (Nasdaq: BEXP) and Cabot Oil & Gas Corp. (NYSE: COG).

GUANGZHOU GLOBAL TELECOM INCORPORATED (OTCBB: GZGT)
"Up 33.33% in morning trading"

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

Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre- paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores. For details, visit www.guangzhouglobaltelecom.com.

GZGT News:

October 20 - Guangzhou Global Telecom Seeks Professional Investor Relations

Guangzhou Global Telecom Inc. (OTCBB: GZGT), a mobile phone handset, pre-paid calling card distributor and provider of value-added mobile services in the PRC, is seeking to engage professional consultancy firms in the fields of investor and public relations, investment and financial advisory services.

Guangzhou Global wants to implement comprehensive investor relations and public relations strategies to broaden the investment audience and to initiate market awareness to communicate the underlying value of Guangzhou's growth potential to the investment community at large. The desired program will be proactive offering broad institutional exposure which will provide growth and stability in Guangzhou's share price.

With projected improving revenues and increased profits, Guangzhou Global continues to expand with its wholesale telecommunications distribution network amid the slowing Chinese economic growth and financial crisis. Guangzhou Global is a small emerging company which will welcome institutional resources to gain the much needed exposure necessary to obtain analyst coverage in order to realize the real value of Guangzhou Global.

"Guangzhou Global is growing and maturing with each passing quarter. We have grown revenue from zero in 2004 to an estimated USD35 million this full fiscal year. The company is built on strong fundamentals with a competent management team and sound financials which can only improve as we embark on corporate expansion in the midst of an exciting and dramatic economic environment. We hope to work with IR professionals to significantly increase efforts to communicate with existing and potential new shareholders, and simultaneously increase the public's knowledge and awareness of Guangzhou's evolving story," said CEO Li Yankuan.

SEAMLESS WI-FI INCORPORATED (OTCBB: SMWF)
"Up 33.33% in morning trading"

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

Seamless Wi-Fi, Inc., through its subsidiaries, engages in the development and marketing of Internet communications products and services in the United States. The company provides wireless Internet access service known as wireless fidelity (Wi-Fi) in Wi-Fi hot spots. It also develops software program that provides Wi-Fi users with Seamless-Secure Internet Browsing, which encrypts the user's Wi-Fi signal. In addition, the company develops Phenom Encryption Software, which enables secure communications over Wi-Fi, local area networks, and wide area networks with its virtual Internet extranet network technology. The Phenom software provides secure peer mail, chat, file transfer, and remote personal computer access in a two-megabyte download; and its application protocol interface supports voice-over Internet protocol, video voice conferencing, and white boarding. Further, it manufactures and markets the S-XGen ultra mobile personal computer and communications device. The company was founded in 1983 as International Food and Beverage, Inc. and changed its name to Internet Business's International, Inc. in 1998. Further, it changed its name to Alpha Wireless Broadband, Inc. in 2004 and to Seamless Wi-Fi, Inc. in 2005. Seamless Wi-Fi, Inc. is based in Las Vegas, Nevada.

SMWF News:

October 20 - Seamless Corporation Focuses Efforts on Bringing Products to Market, as Detailed by CEO on CEOCFO Interviews & News

Seamless Wi-Fi Inc. (OTCBB: SMWF) announced that CEO Albert Reda has been featured in an exclusive interview with CEOCFO Interviews & News. The interview is currently posted on www.slwf.net.

The interview covers a number of issues, but specifically reviews the company's transition from a Wi-Fi provider to hardware and software Development Company, as well as its intense focus on bringing their lines of software and hardware products to market.

"Seamless is now producing products for delivery to the consumer market and we feel privileged to be included with CEOCFO's esteemed collection of companies. This interview provide a forum for the Company to explain how Seamless is transitioning from a Wi-Fi provider, to product development, then to product manufacturing of products for use by the consumer," stated Seamless Corporation CEO, Albert Reda.

ABOUT CEOCFO INTERVIEWS & NEWS

CEOCFO Interviews & News (http://ceocfointerviews.com), is a bi-weekly print online publication, marketing engine featuring publicly traded & venture capital companies on the U.S. (NYSE, NASDAQ, AMEX, OTC: BB, Pink Sheets) and Canadian (TSX & TSX-V) stock exchanges, Investment & Money Management Ideas.

IVIVI TECHNOLOGIES INCORPORATED (NASDAQ: IVVI)
"Up 38.61% in morning trading"

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

Based in Montvale, NJ, Ivivi Technologies, Inc. is a medical technology company focusing on designing, developing and commercializing its proprietary electrotherapeutic technology platform, with a primary focus on developing treatments for cardiovascular disease. Ivivi's research and development activities are focused specifically on targeted pulsed electromagnetic field, or tPEMF(tm), technology, which, by creating a therapeutic electrical current in injured soft tissue, is believed to modulate biochemical and physiological healing processes to help reduce related pain and inflammation. The Company's most recent clinical studies have shown reductions in anginal pain and increases in blood flow to the heart in certain cardiac patients; however, additional studies will be focused in this area. The Company also expects to seek strategic partners to pursue other markets, such as osteoarthritis, neurology and other inflammatory-related conditions if FDA marketing approvals or clearances can be achieved in these areas.

IVVI News:

October 16 - Ivivi Technologies Repurchased 650,000 Shares of Common Stock in a Negotiated Transaction

Ivivi Technologies, Inc. (Nasdaq: IVVI), a leader in non-invasive, electrotherapy systems, today announced that it has repurchased 650,000 shares of its common stock for a purchase price of $0.15 per share, or $97,500. The shares represented 6% of the Company's outstanding common stock. The seller was The Pinnacle Fund, L.P., a Texas limited partnership and, as a result of the repurchase, Pinnacle no longer holds any of the 1,000,000 shares of common stock previously purchased from Ivivi. After the repurchase, which was funded from working capital, the Company has 10,116,930 shares of common stock outstanding as of October 15, 2008.

“We believe acquiring these shares is in the best interest of our shareholders,” commented Steven Gluckstern, Chairman, President and Chief Executive Officer. “We remain confident in the long term potential of our targeted pulsed electromagnetic field (Tpemf™) technology. While we await a final decision by the FDA regarding our 510(k), we continue to believe our products are covered by the FDA clearance provided in 1991. We continue to have confidence in our partnering strategy to market to the wound care and aesthetic plastic surgery fields while we focus our development on the cardiac market, which we believe offers the greatest potential for our Company.”

MELCO CROWN ENTERTAINMENT LIMITED (NASDAQ: MPEL)
"Up 26.69% in morning trading"

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

MPEL is a developer, owner and, through its sub-concession holding company, an operator of casino gaming and entertainment casino resort facilities in Macau. Its first property, Crown Macau (www.crown-macau.com), opened in 2007. Other development projects include City of Dreams, an integrated urban casino resort located in Cotai, Macau. MPEL's business also includes the Mocha Clubs (www.mochaclubs.com), which feature a total of approximately 1,100 gaming machines and comprise the largest non-casino based operations of electronic gaming machines in Macau. MPEL has entered into an agreement, subject to certain conditions, to acquire a third development site on the Macau Peninsula.

MPEL News:

October 17 - MPEL Provides an Update of Construction Progress and Financing at City of Dreams

Melco Crown Entertainment Limited (Nasdaq: MPEL) ("MPEL"), seeks to update the status of progress at City of Dreams, its flagship integrated casino hotel resort development in Macau, in response to recent turbulence in global financial market conditions and certain press reports.

City of Dreams remains fully on target to open to the public during the first half of 2009. Construction activity will be maintained at maximum capacity through the end of 2008 to deliver the construction timetable to completion. Our projected budget for phases one and two of City of Dreams also remains unchanged.

Full financing is in place to complete the first and second phases of development at City of Dreams. MPEL currently has over US$1.1 billion cash on hand, having successfully drawn down approximately US$663 million in the past month under its US$1.75 billion senior secured facilities. Subject to satisfaction of the relevant conditions precedent, a further US$570 million remains available for drawdown under the existing loan facilities as required to meet any future financing needs for the completion of the first two phases of development of City of Dreams.

MAGNA ENTERTAINMENT CORPORATION (NASDAQ: MECA)
"Up 25.16% in morning trading"

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

Magna Entertainment Corporation (MEC), North America's largest owner and operator of horse racetracks based on revenue, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops, owns and operates casinos in conjunction with its racetracks where permitted by law. MEC owns and operates AmTote International, Inc., a provider of totalisator services to the pari-mutuel industry, XpressBet®, a national Internet and telephone account wagering system, as well as MagnaBet™ internationally. Pursuant to joint ventures, MEC has a fifty percent interest in HorseRacing TV®, a 24-hour horse racing television network, and TrackNet Media Group LLC, a content management company formed for distribution of the full breadth of MEC's horse racing content.

MECA News:

October 15 - Magna Entertainment Corp. Announces Amendments and Extensions of Financing Arrangements

Magna Entertainment Corp. (Nasdaq: MECA) (TSX: MEC.A) (“MEC” or the “Company”) announced changes to certain of its financing arrangements including:

1) Extending the maturity date of its $40 million senior secured revolving credit facility (the "Senior Bank Facility") with a Canadian-chartered bank from October 15, 2008 to November 17, 2008; and

2) Extending the maturity date of its bridge loan facility (the "Bridge Loan") with a subsidiary (the "MID Lender") of MI Developments Inc. ("MID"), MEC's controlling shareholder, from October 31, 2008 to December 1, 2008 and increasing the maximum commitment available from $110 million to $125 million. MEC is also now permitted to redraw amounts that it repaid in July 2008 (approximately $4.5 million) such that the amount available to MEC under the Bridge Loan will be increased by approximately $19.5 million.

Also, further draws under the Bridge Loan will not be permitted after November 17, 2008 unless the Senior Bank Facility is further extended or replaced.

MEC has received a notice from the MID Lender advising that a required repayment of $100.0 million under the Gulfstream Park project financing with the MID Lender has also been extended to December 1, 2008, during which time any repayments made under the Gulfstream Park facility or Remington Park facility will not be subject to a make-whole payment.

MEC incurred a fee of $0.4 million in connection with the extension of the Senior Bank Facility, a fee of $1.25 million in connection with the extension of the Bridge Loan and an extension fee of $1.0 million under the Gulfstream Park facility.

As we have previously disclosed, although we continue to take steps to implement our debt elimination plan, real estate and credit markets have continued to demonstrate weakness to date in 2008 and we do not expect that we will be able to complete asset sales at acceptable prices as quickly or for amounts as originally contemplated. As a result, combined with our upcoming debt maturities and our operational funding requirements, we will again need to seek extensions or additional funds in the short-term from one or more possible sources. The availability of such extensions or additional funds from existing lenders, including our controlling shareholder, or from other sources is not assured and, if available, the terms thereof are not determinable at this time.

Consideration of the amendments to the financing arrangements with the MID Lender was supervised by the Special Committee of MEC's board of directors consisting of Jerry D. Campbell (Chairman), Anthony J. Campbell and William J. Menear. The approval of MEC's board followed a favorable recommendation of the Special Committee.

MEC will file a material change report as soon as practicable after issuing this press release. The material change report will be filed less than 21 days prior to the closing of the loan amendments. The timing of the material change report is, in MEC's view, both necessary and reasonable because the terms of the amendments were settled and approved by MEC's board of directors and MEC requires immediate funding to address its short-term liquidity needs.