OTCPicks.com

FEATURED COMPANY

GREEN STAR PRODUCTS INCORPORATED (OTC: GSPI)
"Up 7.14% in morning trading"

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

Company Profile: http://www.otcpicks.com/green-star-products.htm

Green Star Products, Inc., through its subsidiaries, engages in the production and sale of renewable clean-burning bio-diesel and other products, including lubricants, additives, and devices that are used in vehicles, machinery, and power plants. It offers SuperBAT total vehicle treatment, an anti-friction metal treatment used in various internal combustion engines, transmissions, power steering, and wheel bearings. The company also offers a lubricant formula of biodegradable cutting oil for machine shops, as well as water soluble AFT cutting oil for CNC machines. In addition, it engages in the development of fuel economy, power improvement, and emission reduction technologies for internal combustion engines and hybrid electric drive systems. Further, the company produces super-ethanol. It markets and sells its products in the United States and internationally. The company, formerly known as B.A.T. International, Inc., is based in Chula Vista, California.

GSPI News:

October 22 - Green Star Products Exceeds Analyst Estimates, Fueled by New Approach to Biofuel Refinery

Green Star Products Inc. (OTC: GSPI) has received an updated rating with a $0.18 Target Price by Beacon Analyst, Victor Sula, Ph.D. The full report is available at http://beaconequity.com/main/Page-data/Adpages/GSPI.

In the report, the analyst writes, “The Company was one of the early pioneers to begin researching alternative energy resources in the 1990s. … GSPI has advanced a number of proprietary technologies which are now in the revenue-producing stage. The Company is 100% vertically integrated designing and manufacturing its own biofuel processing equipment in-house.”

The analyst also stated, “The Company has also advanced the development of its biodiesel technology by unveiling a new reactor with improved design and capabilities. One of GSPI's current production strategies is focused on integrating its biodiesel plant technology with oilseed crusher plants and farm cooperative support, such as the biodiesel facility in Odessa, Washington. … GSPI’s 2007 revenues were 60% higher at $2.5 million than our $1.5 million estimate.”

Other companies in the clean energy sector include Allegro Biodiesel Corp. (OTCBB: ABDS), Earth Biofuels (OTCBB: EBOF) and Pure Biofuels Corp. (OTCBB: PBOF).

FEATURED COMPANY

MONEY4GOLD HOLDINGS INCORPORATED (OTCBB: MFGD)

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

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

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

MEDIVISOR INCORPORATED (OTC: MVSR)

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

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

RMD ENTERTAINMENT GROUP (OTC: RMDM)
"Up 100.00% in morning trading"

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

RMD Entertainment Group, an entertainment company, primarily focuses on the development and marketing of hip-hop music in the United States and internationally. It develops and markets hip-hop music, including compact discs, digital downloads, and personal ring tones for mobile phone customers, as well as other hip-hop lifestyle products. The company has also created MOTV, which streams video content to mobile devices, including cell phones and PDAs. It markets its products primarily through distributors. RMD Entertainment Group is based in Philadelphia, Pennsylvania.

RMDM News:

October 20 - RMD Entertainment Group Appoints New CEO and New Management

RMD Entertainment (OTC: RMDM) announced the appointment of Mr. Wynn Wang as its new President and CEO. Wynn established Beijing Innotrek Technology CO., Ltd in November 2003 as a high technology enterprise. Wynn was also instrumental to the development of proprietary new technologies that have been successfully patented.

Wynn quickly attracted a team of professional staff with outstanding backgrounds in various important corporate functions, i.e., marketing, technical etc.

Other appointees to the RMD management team include Mr. Tao Cheng as Managing Director in Technology and Mr. Wu Dan as COO. Wynn is also pleased to have accepted Mr. Winters' appointment as RMD's Secretary, Corporate Affairs and Expansions and Compliance Officer. Mr. Wang said "There appears to be some abuse vis-a-vis the previous management's share distribution and payments for services in shares. Mr. Winters has already received written confirmation for the return of 1.7 billion shares which will immediately be retired to the treasury and he is currently discussing the best way to recover an additional approximately 3 billion shares back that appear to have been issued without due consideration with our legal advisors. It is my opinion that Mr. Winters is the most qualified and most aggressive candidate for assisting us in recovering these shares. Mr. Winters has already contacted the company's transfer agent to begin this process.

Our first line of business is to return some respectability to our unfairly battered share price. Mr. Winters has already identified 1 possible game developer merger candidate for us in Australia. We will keep our shareholders advised of all events promptly"

Innotrek focuses on research and development of advanced broadband technology using Power Line Communication (PLC), long a promising, but unfulfilled, technology to provide broadband over existing copper and cable wires. The Company has developed a proprietary technological approach that resolves the issues commonly encountered when trying to install this type of service. This allows hotels to offer broadband services over existing infrastructure at a much lower cost than alternative forms of LAN networks, while meeting the requirements of ISO 9000. Wynn was also instrumental to attaining patent rights for the proprietary technology Innotrek has developed.

ICO GLOBAL COMMUNICATIONS LIMITED (NASDAQ: ICOG)
"Up 39.19% in morning trading"

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

ICO Global Communications (Holdings) Limited, a development stage company, provides mobile satellite services (MSS) using geosynchronous earth orbit satellite in the United States and internationally. It operates a medium earth orbit satellite system in the 2 GHz band that provides data gathering services. The company also develops a hybrid MSS/ATC System with satellite and terrestrial communications capabilities. Its MSS/ATC System allows providing wireless voice, video, data, and Internet service on mobile and portable devices. The company was founded in 1995 and is based in Reston, Virginia.

ICOG News:

October 21 - Jury Awards ICO at Least $371 Million Plus Interest in Boeing Lawsuit

ICO Global Communications (Holdings) Limited (ICO) (Nasdaq: ICOG) was awarded at least $371 million in its litigation with The Boeing Company and Boeing Satellite Systems International (Boeing and BSSI). The jury’s verdict awards ICO $371 million against BSSI, composed of $279 million for breach of contract and fraud with regard to satellite pricing and $91.6 million for fraud with regard to launches. The jury also awarded ICO $91.6 million against BSSI’s parent company, Boeing, for tortious interference. Whether ICO can collect $91.6 million from Boeing in addition to the $371 million from BSSI will be the subject of further proceedings. The award does not include any pre-judgment interest that is to be applied by the Judge under California law. In view of the jury’s finding that BSSI and Boeing acted against ICO with malice, oppression or fraud, beginning on Tuesday, October 28, the jury will hear evidence and argument to determine the amount, if any, of punitive damages to be awarded to ICO.

“The jury has now ruled on the facts in this case, and we are pleased that this case has reached a verdict after years of litigation,” commented John Flynn, executive vice president and general counsel for ICO. “The jury agreed with ICO’s claims regarding fraud, breach of contract and tortious interference on the part of Boeing and its BSSI subsidiary.”

ICO will host a conference call to discuss the outcome and respond to questions at 8:30 am eastern time on Wednesday, October 22. The dial in number is 800-227-9428 (or 785-830-1925). The confirmation code for the call is 1294873. A replay of the call will be available for 30 days and can be accessed at 888-203-1112.

The trial began on June 16, 2008. Case information can be found at www.lasuperiorcourt.org, case number BC320115.

BIONIC PRODUCTS INCORPORATED (OTC: BNPD)
"Up 20.00% in morning trading"

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

Bionic-Tonic™ and LadyPink™ are refreshing energy drinks that provide an increase in energy without the calories and sugar. Our products contain the finest ingredients available to assist metabolic levels and burn calories. The power and energy drink along with shot-size boosters business is one of the fastest growing sectors in the entire beverage industry. Bionic Products, Inc. is a Nevada Corporation formed for the purpose of discovering, developing and marketing breakthrough energy drinks and bottled water that will enhance the health and wellness of consumers.

BNPD News:

October 22 - Bionic Products, Inc. Signs Distribution & Vending Agreement With Best Value Vending

Bionic Products, Inc. (OTC: BNPD) announced Bionic-Tonic® will be sold by Best Value Vending. Best Value Vending sells food and beverages throughout the Las Vegas area. This vendor has a well established vending route that includes 80 vending machines located in diverse businesses. Bionic-Tonic® will now be available for purchase in Best Value locations that range from entertainment facilities, Hotels, restaurants, car dealerships and nightclubs.

According to Senior Management of Bionic Products, "Increased diversity of distribution channels coupled with a major marketing campaign will lead to parabolic sales growth. Our superior product will be exposed to a larger audience and will bring our company tremendous opportunities."

BEBIDA BEVERAGE COMPANY (OTC: BBDA)
"Up 20.00% in morning trading"

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

The company, formerly known as Fortis Enterprises, was founded in 2000 and is based in Casselberry, Florida. On Sept. 4, 2008, Renovo Holdings announced that the company had changed its name to Bebida Beverage Company and would be locating the base of the company's North American presence in Las Vegas, NV. Rodrigo Makarios leads the management team and operations from facilities located in Sao Jose dos Pinhais, Brazil. Bebida Beverage Company under the leadership of President Makarios will concentrate operations on the bottled water and enhanced beverage markets of North and South America. Bebida's management will focus the company's business efforts within the United States and key target markets within Latin America.

BBDA News:

October 21 - Bebida Beverage Company to Further Reduce Shares Authorized

Bebida Beverage Company (OTC: BBDA) announced that the company will reduce the common stock authorized to 1.4 billion shares.

The company is preparing the necessary paperwork to reduce the common stock authorized from 2 billion shares down to 1.4 billion shares. The paperwork is being processed for submission and filing to the state’s offices.

The company anticipates that shareholders will appreciate today’s announcement to further reduce the number of shares authorized. Management intends to on a go-forward basis continue to monitor and evaluate the perceived market value of the company’s shares in order to formulate any additional corporate policies related to future share structure reductions and/or stock buy-back programs.

As of October 21, 2008, the common stock outstanding for the company is 1,119,087,549 shares. As recently announced, the company is in the process of retiring a block of common stock, which will reduce the number of shares outstanding in an effort to increase shareholder value.

FREESTAR TECHNOLOGY CORPORATION (OTCBB: FSRT)
"Up 9.09% in morning trading"

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

Freestar Technology Corp. provides mission-critical solutions to the financial industry. Working with merchants and acquirers in various countries, its product suite has empowered partners to focus on their core competencies, while its innovative driven approach has enabled them to benefit from first to market advantage and realize their true potential. Its subsidiaries, Rahaxi Processing Oy., Finland, Freestar Technologies Ireland, Ltd., and Freestar Dominicana S.A. Dominican Republic, continue to develop and implement first class products and solutions that enhance the service level its partners can offer their customers.

FSRT News:

October 17 - Freestar Technology Corporation Reports Record Increase in Annual Revenue Of 66%

Bank integrations and Telco System Management projects increase
Consulting Services Revenue up 115%
Monthly Fee Model increases Hardware Sales and related Revenue up 164%

Freestar Technology Corp. (OTCBB: FSRT) said the Company has achieved record revenues for the fiscal year ended June 30, 2008. Revenue for the year ended June 30, 2008 was $6,259,707, which is an increase of approximately 66% over the revenue for the prior year ended June 30, 2007.

Paul Egan, Freestar's Chief Executive Officer, said, "We are very pleased with Freestar's continued growth in total revenue. Our introduction of hardware sales has produced significant revenue, and we believe we will have opportunities to continue to increase hardware sales. During fiscal 2008, we also continued to implement our strategy of providing separate but complementary services offerings."

Paul Egan continued, "In fiscal 2008, we announced a significant milestone -- the first live processing of a transaction pursuant to our China Unionpay project. The revenue growth we achieved in 2008 occurred even though we are still in the early stages of seeing returns on our significant investment into the China Unionpay project and our other projects involving Monex and Global Refunds. Each of these could significantly impact our revenue streams in the future."

Dramatic increases in consulting revenue and hardware sales related revenue were the primary components of the increase in revenue, with transaction processing and related revenue showing modest increases as well. Compared to the prior fiscal year, consulting revenue increased by 115%, hardware sales and related revenue increased by approximately 164% and transaction processing and related revenue increased by approximately 7%.

Net cash used in operating activities decreased to $3,713,921, a 35% decrease from the prior fiscal year. The Company processed a total of 19,019,055 transactions during the fiscal year ended June 30, 2008, a modest decrease from the 19,443,999 transactions processed during the prior fiscal year. Transaction processing and related revenue increased to $2,076,309 for the year ended June 30, 2008, compared to $1,945,512 during the prior fiscal year, an increase of approximately 7%.

Ciaran Egan, Freestar's Chief Financial Officer, commented that "Approximately $16,589,334 of our net loss is attributable to non-cash charges, such as depreciation and amortization, impairment charges, and the value of stock options and shares issued to consultants and employees. In order to succeed in this very highly competitive industry, we have to attract top-quality talent, and we believe that by utilizing our financial resources in this fashion we achieve that goal while conserving our cash."

BLACKSTONE LAKE MINERALS INCORPORATED (OTCBB: BLLK)
"Up 7.69% 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.