OTCPicks.com

For Monday, October 27th

ECOS, GSPI, PGOG, BSTI, SRGE, MVSR
DPHG, BNPD, LDSR, ICOG, VSPC, OPBL

Our Stocks to Watch today include EcoloCap Solutions Inc. (OTCBB: ECOS), Green Star Products Inc. (OTC: GSPI), Perf Go Green Holdings Inc. (OTCBB: PGOG), Brite-Strike Tactical Illumination Products Inc. (OTC: BSTI), Southridge Enterprises Inc. (OTCBB: SRGE), Medivisor Inc. (OTC: MVSR), Direct Pet Health Holdings Inc. (OTC: DPHG), Bionic Products Inc. (OTC: BNPD), Land Star Inc. (OTC: LDSR), ICO Global Communications (Holdings) Limited (Nasdaq: ICOG), VIASPACE Inc. (OTCBB: VSPC) and Optionable Inc. (OTCBB: OPBL).

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FEATURED COMPANY

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ECOLOCAP SOLUTIONS (OTCBB: ECOS)

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

Company Profile: http://www.otcpicks.com/ecolocap-solutions-inc.htm

EcoloCap is a US-listed, international company focused on the commercial development of green energy projects in emerging economies, especially in Asia. Rising energy costs, climate change concerns, and the need to reduce greenhouse gases create an unparalleled opportunity for the development of renewable, sustainable energy sources which will be a significant, long-term opportunity for the 21st century. To maximize shareholder value EcoloCap is focused on projects which qualify for Carbon Emission Reduction credits (CERs) registered under the Clean Development Mechanism (CDM) of the United Nations' Kyoto Protocol. EcoloCap utilizes its know-how, capital, technology, engineering expertise, and on the ground operations management to work with governments and enterprises in emerging economies in order to successfully reduce greenhouse gases for both capture and utilization. By this process EcoloCap acquires UN Certified Carbon Credits (CERs) at favorable costs, which are then sold on the world market at prevailing prices.

ECOS News:

October 27 - EcoloCap Solutions Rated 'Speculative Buy,' Target Price $0.82 by Beacon Equity Research

EcoloCap Solutions (OTCBB: ECOS) has received a ‘Speculative Buy’ rating with a price target of $0.82 by Beacon Analyst, Victor Sula, Ph.D.

The full report is available at www.beaconequity.com/main/Page-data/Adpages/ECOS.

In the report, the analyst writes, “The Company provides its expertise to developing economies like China, India and Vietnam as well as to countries in Africa and South America. At present, ECOS is developing 16 projects in China and Vietnam. Most of its contracts have a 17-year length. These contracts are expected to result in an equivalent reduction of 5.8 million tons of CO2. The Net Present Value of ECOS’ portfolio is estimated at $50 million, assuming a six-year period of CERs and prices of $22 per CER.”

Other companies in the clean energy sector include: Clean Energy Fuels (Nasdaq: CLNE), Evergreen Solar Inc. (Nasdaq: ESLR), First Solar Inc. (Nasdaq: FSLR) and Suntech Power Holdings Co. Ltd. (NYSE: STP).


FEATURED COMPANY

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GREEN STAR PRODUCTS INCORPORATED (OTC: GSPI)

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 27 - Green Star States: Energy from Algae is Being Recognized as a Major Solution

Green Star Products, Inc. (OTC: GSPI) announced that, last week, approximately 600 people attended a standing room only two-day conference on the future importance of algae titled “Algae Biomass Summit” hosted by the Algal Biomass Organization (ABO).

The ABO is a not-for-profit trade association dedicated to the advancement of the algae biomass industry, and promotes the development of viable commercial markets for renewable and sustainable commodities derived from algae.

The 2008 Algae Biomass Summit was held on October 23 and 24 in Seattle, Washington, with a capacity audience of more than 600 algae producers, scientists, investors and policy-makers from more than a dozen countries. These experts gathered to accelerate the development of algae-based solutions to global energy, environmental, and economic issues. Keynote speaker and pre-eminent clean technology investor Vinod Khosla set the tone for the conference by stating his belief that given the continued developments in technology, algae can play a significant role in the replacement of petroleum oil.

"I am here today because I believe algae can be a solution," stated Khosla. "I'm convinced someone here (at the Summit) will break the code. The exciting part is to see over 600 people in this room solving the problem. In fact, someone out there may have already solved it and I just don't know yet."

As recently as two years ago, anyone stating that oil produced from algae had the potential to wean the Unites States from foreign oil forever and could reduce Greenhouse Gases (GHG) significantly would have encountered wide skepticism. However today, mainstream corporations from several industries including energy, airline and chemical have concluded that we have discovered one of the world's true natural treasures which could potentially extend society existence beyond the scope of human imagination.

Prominent speakers from all over the world displayed their research and the potential of algae to permanently solve the oil crisis, the food crisis, and control the buildup of global warming gases. The algae biological makeup was also investigated for the possibility to produce chemicals and new products limited only by our ingenuity to create them. The human race has opened the door to a new scientific world. Who knows? In biblical terms it might be what the bible called Manna.

Joseph LaStella, President of Green Star Products, attended the summit and stated, “There was a clear message that algae could be the planet saviour, however, all speakers indicated there is no clear pathway to reduce algae production cost. The general opinion of everyone was that sizeable demonstration facilities would have to be built to provide real costs and operational data.”

Mr LaStella further stated, “This is exactly what Green Star had accomplished in 2007 with its Hybrid Algae Production System (HAPS).”

The Green Star HAPS algae system was demonstrated by building and operating a 40,000 liter algae production facility (see 18-page GSPI's algae production demo report: http://www.greenstarusa.com/reports/08-05-09GSPIAlgaeDemoReport.pdf), which is still one of the largest algae demo projects ever build to determine real field data. The facility also provided important data on the production costs involved in reaching a final commercial stage.

The HAPS algae system successfully demonstrated a significantly reduced cost while controlling parameters associated with algae growth. The nine-month field study in Montana showed the HAPS system's ability to sustain algae growth while maintaining environmental conditions such as temperature, pH, evaporation, salinity and the control of unfriendly species invasions. Green Star had to prove that this was possible while having the HAPS system costs be 3 to 10 times lower than similar systems presented by other companies at the 2008 Algae Biomass Summit.

In conclusion, Green Star has been involved in the R&D and construction of algae facilities long before algae became an important investment option. The summit was vital to the algae industry because it recognized the on-going research, the current industry efforts, and the importance of algae as a future source of energy and other useful materials to society. The conference showed evidence that the industry is now on a fast track around the world to realizing these goals.


FEATURED COMPANY

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PERF GO GREEN HOLDINGS INCORPORATED (OTCBB: PGOG)

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

Company Profile:
http://www.otcpicks.com/perf-go-green/perf-go-green.htm

Perf Go Green Holdings, Inc. is engaged in the creation and global marketing of 100% eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green’s corporate name reflects its “Go Green” mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.

PGOG News:

October 24 - Perf Go Green Signs Distribution Partnership With Hardware Giant Do it Best Corp.

Retail Network Encompasses 4,100 Stores Worldwide

Perf Go Green Holdings, Inc. (OTCBB: PGOG) (“Perf Go Green”), a marketer and distributor of biodegradable plastics, announced that its 13-gallon kitchen trash bags, 30-gallon lawn and leaf bags, and 39-gallon garage bags will soon be available for purchase through the Do it Best Corp. buying cooperative of hardware and home improvement stores. The Do it Best network encompasses over 4,100 independently owned stores in the United States and 47 countries, as well as doitbest.com, their e-commerce website.

“Do it Best offers a strategic new channel for Perf Go Green to grow our business through thousands of hardware and home improvement stores around the globe,” said Chairman and CEO Tony Tracy. “Its stores have a long tradition of providing great service to their local communities that mirrors our own dedication to protecting the environment.

“By using Perf Go Green biodegradable plastic bags, the co-op's customers can do their part to reduce plastic waste while enjoying the design and performance advantages of our bags. We look forward to a successful partnership that will also help further the 'go green movement,' which is estimated to become a $500 billion market in the U.S. in 2009.”

Founded in 1945, Do it Best Corp. is the only full-line, full-service buying cooperative in the hardware, lumber and building materials industry. By combining the buying capacity of many independently owned retailers, Do it Best helps those retailers better serve their local customers by providing great products at great prices. Do it Best Corp. member stores offer more than 65,000 SKUs ranging from hardware to automotive, housewares and pet supplies. Each Do it Best Corp. member store is serviced from one of eight Do it Best Corp. retail service centers, but can also obtain products directly from the manufacturer.

Perf Go Green began shipping to Do it Best Corp. in mid-October. In addition, Perf Go Green products will be available through the co-op's website, doitbest.com, beginning in November.

Perf Go Green products incorporate recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the film for its bags. Based on environmental claims statements made by the manufacturer of the Oxo-Biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade within two years, decomposing into simple materials found in nature much faster than regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, Perf Go Green effectively removes plastic waste from the environment. In addition, Perf Go Green kitchen trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time, similar to a tissue box.

Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products received an honor for their design quality and innovation. Perf Go Green is proud to be part of the nation's “go green” movement, which is poised to become a $500 billion market by 2009, according to Landor Associates.


FEATURED COMPANY

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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

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SOUTHRIDGE ETHANOL INCORPORATED (OTCBB: SRGE)

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

Company Profile:
http://www.otcpicks.com/southridge-enterprises/southridge-enterprises.htm

Southridge Ethanol, Inc. is a renewable energy company with a mission to become the ethanol producer of choice in the southeastern region of the United States. The company is focusing its efforts in an area which offers abundant supplies of corn, superior transportation infrastructure and expedited permitting processes. The Company is actively acquiring and developing ethanol production facilities with a planned capacity of 60 million gallons per year and anticipates start-up of the first phase of these operations in 2007. Southridge Ethanol is headquartered in Dallas, TX.

SRDG News:

October 2 - Southridge Announces Strategic Review Process

Southridge Enterprises, Inc. (OTCBB: SRGE) (the "Company") announced that it has established a Special Committee of Directors and initiated a strategic review process to enhance shareholder value. The Special Committee is comprised of Ken Milken, President and Chief Executive Officer, Stephen Smith, Chief Financial Officer and Marcio Santos, Director. The process is being undertaken in response to recent events including the current valuation of the Company. "Despite record revenue and strong internal growth, the Company's shares trade at a discount to its historical valuation benchmarks," said Mr. Milken, President and Chief Executive Officer.

"Over the past three years, Southridge has successfully executed an aggressive growth strategy marked by key acquisitions and new strategic ethanol sales contracts," said Mr. Milken. "At the same time, we have improved our financial performance. It now makes sense to explore strategic alternatives that may enhance shareholder value," he added.

Dallas-based Southridge is developing ethanol plants in El Salvador and Brazil.


FEATURED COMPANY

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MEDIVISOR INCORPORATED (OTC: MVSR)
"Up 8.33% 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.


STOCKS TO WATCH

DIRECT PET HEALTH HOLDINGS INCORPORATED (OTC: DPHG)
"Up 122.22% in morning trading"

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

Direct Pet Health Holdings, Inc. is positioning itself to become a leader in its industry as the ultimate 'One-Stop-Shop' for pet health care. The company looks to provide its members with health information, pet insurance, and pet care products created for a target market driven by a strong demand for pet health care products and services — all transacted over the Internet.

DPHG News:

October 27 - Direct Pet Health CEO Reports to Shareholders On Latest Company Developments

Company Confirms Negotiations to Acquire Related Patented Service Provider; Funding Expected From Investment Bankers Expressing Unsolicited Interest to Grow Direct Pet

Direct Pet Health Holdings, Inc. (OTC: DPHG) Chairman and CEO Michael F. Scaccia today said the company has experienced significant recent developments on several fronts, expected to lead to increased revenue and profit potential in the year ahead. He also said Direct Pet Health has commenced negotiations to acquire a related and patented pet service provider, and expects to fund acquisitions and enhance company growth through several investment banking firms that have expressed unsolicited interest in helping accelerate the company's growth potential.

“We're extremely excited by theses latest developments,” Mr. Scaccia said. “From the beginning, we have said that the launching of our new website, http://www.directpethealth.com, would offer individuals, and the companies they work for, an opportunity to enjoy unparalleled one-stop-shopping online for pet health insurance services. It's happening.

“Working with the superior health insurance provider, American Pet Insurance Company, we've seen a steady stream of new customers. The variety of plans we now offer meets the needs of pet owners at every age and income level, and is extremely competitive.

“In addition,” the CEO said, “there has been steadily increasing response to our ability to provide online services to the business consumer marketplace. This market segment has grown with employers continuing to add pet health insurance as an option in employee benefit plans. Increasingly, they're including Direct Pet Health in healthcare options.

“While our core pet insurance business is helping us to grow the company internally,” the CEO said, “we also are now actively in negotiations to acquire a related and patented provider of products and services. Since the negotiations are ongoing, the company at this time is not in a position to comment further.

“However,” Mr. Scaccia said, “we are proceeding with these discussions principally because we have received several unsolicited offers of support from really high quality investment banking firms. They strongly believe in our business plan, and the company's future. In these very unsettling economic times, that really is a huge validation to us of the financial community's belief in the future of Direct Pet Health Holdings.”

Mr. Scaccia said the confidentiality of the discussions with these investment banking firms preclude further immediate comment. “Nevertheless, it is very clear to us that there is little doubt that the investment banking marketplace is still open to innovative and growth-oriented business plans such as ours,” the CEO said.

“To grow this company to the levels we think attainable, we intend to work with one or two high quality investment banking firms going forward that can bring to us a level of long-term commitment, along with their syndicate of like-minded firms. Collectively, they will actively invest in, and support, our stock, so that we can achieve higher levels of sales, and the opportunity to reach fully reporting levels common to the OTCBB, the AMEX and NASDAQ in the next several years,” Mr. Scaccia said.

“We'd like nothing better than to reward bankers who believed in us from the beginning. We have a very simple rule of thumb: you go to the prom with those who first invited you. Those who come aboard later can be part of the syndicate. Loyalty is paramount.”


BIONIC PRODUCTS INCORPORATED (OTC: BNPD)
"Up 33.33% 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 24 - Bionic Products Announces Sponsorship of ADRL Racer Scott Gray

Bionic Products (OTC: BNPD) announced they have signed Pro Extreme Motorcycle Battle for the Belts contender Scott Gray of Gray Racing to be their primary sponsored client. Bionic-Tonic® is the first natural energy drink sponsor for this team and for the sport. American Drag League Magazine and Racing can be found under www.adrl.us, which is presented by the National Guard and Flowmaster®, as well as many other sponsors.

Bionic Senior Management stated, "We are very excited to be Gray Racing's groundbreaking backer for such an up and coming contender. This makes Gray the first PXM team owner to bring a non-racing related primary sponsor into the ADRL's two-wheel class. Gray Racing also picked up another significant sponsorship as they were presented with a new Toter Home from Scott Jager of The Christian Contractors Association. Bionic Products is excited to be involved with their first Pro Extreme Motorcycle Racing team."

The ADRL's racing crew will be a vendor of Bionic-Tonic®, one of Bionic Products' marquee energy drinks. Bionic-Tonic® will be sold at the races which bring crowds in excess of 40,000 fans. Scott Gray, Pro Extreme racing champion, will be unveiling the completely wrapped Bionic-Tonic® drag racing bike for the Ennis, Texas race this weekend. Bionic Products wishes good luck to Scott and the entire Gray Racing Company and looks forward to working with the team. Through sponsorship of Scott Gray and the Gray Racing team, not only will Bionic Products be expanding their shareholder base but also refreshing the palates of thousands of race fans and energy drink connoisseurs at the track. The 4th Annual LenMar Motorsports ADRL World Finals takes place this weekend at the Texas Motorplex in Ennis, Texas October 24th through the 25th.


LANDSTAR INCORPORATED (OTC: LDSR)
"Up 77.78% in morning trading"

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

LandStar, Inc. operates as a polymer redeployment and polymer reactivation company. Through its majority owned subsidiary, Rebound Rubber Corporation, the company develops certain technology rights for the recycling of rubber. It also, along with its subsidiary PolyTek Rubber & Recycling, Inc., produces crumb rubber using reduction technologies, including ambient grind, cryogenic, and wet grind systems. LandStar also maintains exclusive North American rights to a proven devulcanization technology, which fundamentally changes the way recycled rubber is used. This technology creates a new raw material, Activated Modified Rubber, which may be compounded with natural and synthetic rubber or used directly in new vulcanized products.

LDSR News:

October 24 - Land Star Inc. Schedules Closing Date For Colorado Merger

After the market closed on Oct. 24, Land Star Inc. (OTC: LDSR) announced that it has scheduled a closing date for the merger completion of the Colorado mining project to be completed the week of October 27. The company is also acquiring a processing plant, to process ore from the bonanza style patented prospect, on a valuable milling patent held on the project.

Mr. Fowler, the company's Chief Geologist, said, "The ability to process onsite the readily available ore, from these established mining patents, brings forward the critical cash flow needed to fund an extensive drilling program. This is an important component as it elevates the need to have the company finance the same via debt, dilution, or other means. To fully understand the scope and extent of what appears to be an extremely attractive prospect, one just has to consider the following. The highest grade recorded pre 1937 on these patents was 300 ounces per ton, this is unheard of in modern times, but was more common on high grade deposits from this area. The management and staff of Land Star are delighted and excited about the future of this project to say the least".

In other corporate news the issuer officially launched its corporate web site www.landstarcorp.com. All relevant info about the issuer will be posted on this site and www.pinksheets.com symbol LDSR. Concurrently, management representatives are in Beijing still finalizing the details of the planned acquisition of Hubei Chuguan. It is anticipated that once the fine details of the Hubei Chuguan deal should be finalized shortly.

Mr Fowler concluded: "These are truly exciting times for all of us at Land Star."


ICO GLOBAL COMMUNICATIONS LIMITED (NASDAQ: ICOG)
"Up 13.94% 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 23 - Manatt Wins Verdict for Client ICO Global Communications, Ltd.

Boeing Faced with $370.6 Million Verdict in Contract Dispute

Manatt, Phelps & Phillips, LLP, the national law and consulting firm, announced that the firm has prevailed in Los Angeles Superior Court on behalf of its client ICO Global Communications (Holdings) Limited (ICO) (Nasdaq: ICOG) against The Boeing Company and Boeing Satellite Systems International (Boeing and BSSI). The jury found for ICO on its claims for breach of contract, tortuous interference, and fraud and has awarded ICO compensatory damages of over $370 million. The punitive damages phase of the trial is scheduled to commence on October 28.

Manatt partners Robert A. Zeavin and Barry W. Lee are leading the legal team for ICO. “This decision comes after months of trial and a lengthy deliberation period,” said Mr. Zeavin. “While we are pleased with the decision of the jury, we need to remain focused on the next phase of the trial that is commencing next week,” added Mr. Lee.

At the heart of the dispute is Boeing’s wrongful conduct in failing to fulfill its contractual and legal obligations to build and to launch a fleet of satellites for ICO and then charging the communications company exorbitant sums to complete the project.

“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. “We are to thankful to have such an outstanding legal team as the one that Manatt Phelps & Phillips put together — Barry Lee and Bob Zeavin were the leaders, but they were supported by a cast of very diligent and hard working attorneys.” In addition to Mr. Zeavin and Mr. Lee, the legal team includes Manatt attorneys Craig S. Bloomgarden, Ann M. Heimberger, Nicholas J. Wenbourne and Alison H. Mijares.

ABOUT MANATT, PHELPS & PHILLIPS, LLP

Manatt, Phelps & Phillips, LLP, provides legal and consulting services to a global client base from offices in Los Angeles, Orange County, Palo Alto, San Francisco, and Sacramento, California; New York City and Albany, New York; and Washington, D.C. Manatt includes Manatt Health Solutions, a healthcare policy and strategic business advisory group, and ManattJones Global Strategies, LLC, a wholly owned subsidiary that develops and implements strategies to expand client businesses and facilitate their effective competition in global markets.


VIASPACE INCORPORATED (OTCBB: VSPC)
"Up 30.77% in morning trading"

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

VIASPACE, Inc. commercializes space and defense technologies from NASA and the department of defense into hardware and software products in the United States. The company provides disposable fuel cartridges and intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells; and develops products and services based on inference and sensor data fusion technology. It also develops mass spectrometry technology that improves the application of mass spectrometry for industrial process control and environmental monitoring, and produces detection systems for homeland security, as well as holds patents and various patent applications in the areas of interactive radio technology. The company's direct methanol fuel cell-based products are developed for laptop computers, cell phones, music players, and other applications. It offers its services in the areas of energy/fuel cells, microelectronics, sensors and software for defense, homeland security and public safety, and information and computational technology. VIASPACE was founded in 1998 and is based in Pasadena, California.

VSPC News:

October 22 - VIASPACE Reports on $1.5 Million in Military Contracts

VIASPACE Inc. (OTCBB: VSPC) provided an overview of the company's progress, highlighting its Ionfinity subsidiary's recent two year contracts from the U.S. Army and the U.S. Navy. These Phase II contracts represent an ongoing commitment by the U.S. military and are a milestone reached only by companies with top technical proposals.

In addition, VIASPACE Energy has recently reported that is has received a repeat multi-unit order for its HS-1000 VIASENSOR from a major automobile manufacturer, as well as a multi-unit order for the HS-1000 from a major manufacturer of instrumentation and test equipment as it gains market share in the $54 billion clean energy market.

Dr. Carl Kukkonen, CEO of VIASPACE, commented, "We are extremely pleased with Ionfinity's recent success in gaining two of our nation's military services as major customers on these competitively bid, multi-year contracts. Their agreement with our technical approach, along with the participation by Caltech, NASA's Jet Propulsion Lab and General Dynamics, lends tremendous third party validation of our recent hard work to get to this level of funded support. VIASPACE exhibits increasing progress and diversity as its subsidiaries continue to add additional impressive customers and partners."

Dr. Kukkonen continued, "We are also very pleased to have sold our VIASENSOR HS-1000 humidity sensor to two major Asian corporations in different fields of endeavor. The detailed and expensive comparison tests of all currently available humidity sensors by the automotive manufacturer prior to their repeat order for the HS-1000 and the in-house evaluation of and order for the HS-1000 and request for a quote on a second unit, the HS-2000, by the instrumentation manufacturer, again adds tremendous third party validation that we have something of value to offer to the fuel cell, automotive and instrumentation industries."

Dr. Kukkonen concluded, "We will be showcasing the HS-1000 at the upcoming Fuel Cell Seminar in Phoenix, AZ next week, along with our BA-1000 Lithium Battery Analyzer, our two new lines of Lithium Polymer and Lithium Ion batteries, as well as some of our recent fuel cell test station additions to our product line. Our booth will also feature Direct Methanol Fuel Cell Corporation's (DMFCC) line of direct methanol fuel cell cartridges, which we are currently building for Samsung, Polyfuel and others in the industry."


OPTIONABLE INCORPORATED (OTCBB: OPBL)
"Up 9.09% in morning trading"

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

Optionable, Inc. offers trading and brokerage services to brokerage firms, financial institutions, energy traders, and hedge funds in the United States. The company provides brokerage services for energy derivatives, primarily natural gas derivatives on the futures market and the OTC market. It also provides floor brokerage services at the New York Mercantile Exchange. The company offers its services through an automated electronic trading platform. Optionable, Inc. was founded in 2000 and is headquartered in Valhalla, New York.

OPBL News:

October 21 - Shareholders' Class Action Lawsuit Against Optionable Inc. Dismissed

Optionable Inc. (OTCBB: OPBL) announced that a federal judge has dismissed a shareholder class action lawsuit against the Company. U.S. District Judge Lewis A. Kaplan of the Southern District of New York issued his ruling on Monday noting that the shareholder lawsuit, which claimed that Optionable had misled investors, was deficient. The dismissal is subject to possible appeal by the plaintiffs.

 
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