IMAGE WORLDWIDE INCORPORATED (OTC: IMGW)
"Up 60.00% on Friday"

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

IMAGE Worldwide, Inc., through its subsidiaries, provides entertainment services with interests in print media and the Internet sectors. It operates Club Oasis, a nightclub/concert venue and La Caliente, a radio station in Louisville, Kentucky; IMAGE Chicago Magazine, a fashion and entertainment magazine; and IMAGEworldwide.com, an interactive online entertainment networking and opportunity Web site. The company also provides event planning and promotion services. IMAGE Worldwide is based in Chicago, Illinois.

IMGW News:

May 8 - Oasis Entertainment Venue Delivers Five Diverse Events for the 134th Kentucky Derby

Celebrities From Today and Yesterday Teamed Up to Ensure a Week Long Success

IMAGE Worldwide's (OTC: IMGW) subsidiary, Oasis Entertainment Venue, based in Louisville, Kentucky, helped celebrate the 134th running of the Kentucky Derby with five diverse and successful events.

Club Oasis was the place to be for Live Rock, R&B, Hip Hop and Latin performances during Derby Week. Wednesday, April 30th was the launch of the brand new "Everything Rocks Wednesdays" concert series with WLRS radio, hosted by Big Joe, featuring special live performances by Chamberflow and In the Clear. Thursday, May 1st went old school and featured legendary human beatbox Doug E. Fresh and the multi-talented MC Lyte. Friday showcased "Dancing With the Stars" contestant and R&B singer Mario. Saturday afternoon was a special hip-hop seminar, and finally, Saturday night featured two regional Mexican live bands.

Oasis Entertainment Venue was able to offer something for everyone. Paul Sorkin, CEO of IMAGE Worldwide, Inc., stated, "We are proud to offer a wide variety of live performances at Oasis and are looking forward to expanding our event calendar and increasing our revenues in the months to come. The strength of our club's lineup during the week of the Kentucky Derby is truly a testament to the drawing power of the Oasis venue."

Upcoming events at Oasis include Saving Abel concert May 19th, Primavera May 31st, Ashes Divide June 4th, Drowning Pool June 27th, and many others TBA.

ABOUT OASIS ENTERTAINMENT VENUE

Club Oasis (www.ClubOasisKy.com) is a nightclub/concert venue in Louisville, Kentucky. The venue inside fills 15,000 square feet and is on 2 1/2 Acres of land. Oasis has a 1,500-person capacity and the benefit of a 4:00 A.M. liquor license. Oasis also has the ability to host outdoor events on its 13,000-square-foot deck.

EGAIN COMMUNICATIONS CORPORATION (OTCBB: EGAN)
"Up 36.92% on Friday"

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

eGain Communications Corporation provides customer service and contact center software that enables companies to build customer interaction hubs worldwide. It offers eGain Service 7.6 suite of applications, including integrated applications for Web self-service, email management, paper/fax management, chat, cobrowsing, SMS, call tracking and resolution, proactive notifications, cross-channel knowledge management, case management, and service fulfillment. These applications are built on the eGain Service Management Platform, a framework that includes end-to-end service process management, multi-channel, multi-site contact center management, and certified out-of-the-box integrations with call center, content, and business systems. The company also offers value-added services, which consist of email spam and virus cleaning, post office services, virtual private networks, remote data access, encrypted backups, and test/reporting/warm spare servers. In addition, it provides a range of professional services, which comprise consulting, hosting, technical support, and education services. eGain Communications serves customers operating in various industry sectors, including telecommunications, financial services, insurance, outsourced services, retail, technology, manufacturing, and consumer goods. The company was founded in 1997 and is headquartered in Mountain View, California.

EGAN News:

May 8 - eGain Announces Financial Results for the Third Fiscal Quarter Ended March 31, 2008

* Total revenue up 64% from the comparable year-ago quarter and up 9% sequentially from last quarter
* License revenue up 273% from the comparable year-ago quarter
* Hosting revenue up 50% from the comparable year-ago quarter
* Net income of $542,000 compared to a net loss of $2.2 million in the same quarter a year ago

eGain Communications Corporation (OTCBB: EGAN), a leading provider of customer service and contact center software, today announced financial results for the third fiscal quarter ended March 31, 2008.

Total revenue for the third quarter of fiscal year 2008 was $8.8 million, an increase of 64% from the comparable year-ago quarter. License revenue was $2.2 million, an increase of 273% from the comparable year-ago quarter. Support and services revenue was $6.6 million, an increase of 37% from the comparable year-ago quarter.

Gross margin for the third quarter of fiscal year 2008 was 65% compared to 56% in the comparable year-ago quarter. Total operating costs and expenses for the third quarter of fiscal year 2008 were $5.0 million, an increase of 2% from the comparable year-ago quarter.

Net income on a GAAP basis for the third quarter of fiscal year 2008 was $542,000, or $0.04 basic net income per share or $0.03 diluted net income per share, compared to a net loss on a GAAP basis of $2.2 million, or $(0.14) per share, for the comparable year-ago quarter. Net income for the quarter included stock-based compensation of $114,000 and interest and tax expense of $421,000, compared to stock-based compensation expense of $68,000 and interest and tax expense of $297,000 for the comparable year-ago quarter.

Total cash and cash equivalents were $4.0 million on March 31, 2008, compared to $5.0 million on December 31, 2007. The decrease in cash was primarily due to a $910,000 reduction in bank borrowings in the quarter. The company was cash flow break-even from operations for the quarter. Days sales outstanding in receivables for the quarter ended March 31, 2008 were 30 days compared to 28 days for the comparable year-ago quarter. Deferred revenues totaled $5.2 million at March 31, 2008, up from $5.0 million at March 31, 2007.

New hosting and license bookings(1) for the third quarter of fiscal year 2008 were $2.0 million, an increase of 71% from the comparable year-ago quarter. Of the total new hosting and license bookings in the quarter, 42% was from new hosting contracts and 58% was from new license contracts, compared to 44% new hosting and 56% new license bookings in the same quarter a year ago.

"We are very pleased with our year-to-date financial performance," said Ashu Roy, eGain CEO. "This was a record quarter for us on a number of fronts. We recorded the highest quarterly net income in the company's history. In addition, revenue for first three quarters of fiscal 2008 exceeded total revenue for fiscal 2007; this means that revenue for fiscal 2008 will be at the highest level since fiscal 2001. Based upon this momentum we are updating our fiscal 2008 revenue guidance for the second time this fiscal year."

NUTRITION 21 INCORPORATED (NASD: NXXI)
"Up 11.54% on Friday"

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

Nutrition 21, Inc., a nutritional bioscience company, develops, markets, and distributes clinically substantiated nutritional supplements in the United States. It focuses on research, development, and commercialization of chromium-based ingredients used in manufacturing multi-component products for the prevention and treatment of metabolic diseases stemming from insulin resistance. The company sells Chromax branded chromium picolinate to vitamin and supplement manufacturers and marketers, as well as directly to retailers for use in human and animal nutrition products. It also commercializes Diachrome as a nutritional complement to medical treatment for people with type 2 diabetes. In addition, the company offers a line of Omega-3 products, including Maximum Strength Omega-3 and Joint Relief Advanced Formula for promoting cardiovascular and joint health. It offers its products through direct response channels, including TV infomercials, radio, print, direct mail, and Internet e-commerce, as well as through retail distribution channel. In addition, it grants patent licenses to manufacturers of vitamin and mineral supplements. The company, formerly known as Applied Microbiology, Inc., was founded in 1983 and is headquartered in Purchase, New York.

NXXI News:

May 8 - Nutrition 21 Reports Fiscal Third Quarter 2008 Financial Results

Nutrition 21, Inc. (NASD: NXXI), the developer and marketer of nutritional supplements under the Iceland Health®, Chromax®, Advanced Memory Formula(TM) and Diabetes Essentials(TM) — brands that help consumers manage blood sugar levels, improve cardiovascular health, enhance memory and reduce chronic joint pain, today announced financial results for the third quarter of fiscal year 2008 ended March 31, 2008.

For the quarter ended March 31, 2008, the company reported total revenues of $10.8 million compared to $15.8 million in the comparable quarter a year ago. The year-ago quarter included a large one-time sale of Selenomax® High Selenium Yeast — without this sale, the year-ago revenues would have been $13.2 million.

The company reported a net loss of $8.2 million for the quarter ended March 31, 2008 or ($0.13) per fully diluted share compared to a loss of $2.2 million or ($0.04) per fully diluted share in the comparable quarter a year ago. Financial results for the quarter were impacted by approximately $3.2 million of one-time expenses, including a provision for inventory obsolescence within the retail business unit, a provision for possible settlements of outstanding litigations, and costs associated with the resignation of the former CEO.

At March 31, 2008, the company had $5.6 million in cash, investments and restricted cash compared to $9.5 million on December 31, 2007. For the quarter, net cash used in operating activities was ($2.4 million).

Total revenues for the nine months ended March 31, 2008 were $36.0 million compared to $29.6 million in the same period a year ago. The company's net loss for the nine months ended March 31, 2008 was $16.0 million, or $(0.26) per fully diluted share, compared to $11.0 million, or $(0.19) per fully diluted share, in the comparable period a year ago.

During the quarter the Company appointed Gerard Butler and Michael Fink as interim co-chief executive officers. Both Mr. Butler and Mr. Fink were executives at Prestige Brands Holdings, Inc., a marketer and distributor of brand name over-the-counter healthcare, personal care and household cleaning products sold throughout the U.S., Canada, and in certain international markets. They previously worked for Block Drug Company. They have extensive experience in the consumer and nutraceutical industry.

Peter Mann, a Director and consultant to the Company, said, "Nutrition 21 has reached an important inflexion point in its development. Over the past 18 months, the company has invested heavily in developing its formulas, its patent positions and its consumer business — both in the retail and direct response business units. All of this accomplishment has come at a significant cost. We are now ready to begin reaping the fruits of that investment. Our new top management has been tasked with achieving positive EBITDA (a non-GAAP measure defined as net earnings before interest, taxes, depreciation and amortization) and positive cash flow while maintaining steady revenue growth. We're pleased with the progress already made after only six weeks and are optimistic that future financial results will show an immediate and significant improvement."

"Our strategic vision," Michael Fink, co-chief executive officer of Nutrition 21, Inc., said, "is to leverage the Company's significant expertise in the direct response business to more aggressively build the Iceland Health franchise. Over the next 12 months, we plan to support the Iceland Health business with strong marketing spends consistent with achieving profitability. Additionally, we plan to introduce new products into the direct response business. As these products prove successful in direct response, we will introduce them into retail distribution. We believe this strategy will generate greater efficiencies from the marketing dollars that we spend, enabling us to successfully create brand identity in a cost-effective manner."

Gerard Butler, co-chief executive officer of Nutrition 21, said, "Over the course of the next six months, we intend to re-brand all of our existing products in the food, mass and drug channels under the Iceland Health name. Iceland Health has developed a strong franchise with consumers over the years, and this represents a significant opportunity for our existing products to benefit from Iceland Health's reputation for quality and consumer loyalty. We believe this is another opportunity to leverage our marketing spend in a more efficient manner. Our expectation is to support the Iceland Health brand in direct and retail channels with strong marketing spending consistent with profitability."

"On another front," continued Mr. Butler, "in the future, we plan to expand our ingredient portfolio with unique formulations. Our customers have a large group of brand name products that feature our ingredients as 'value-added' components, including a number of brands that use our Chromax trademark on their labels. We expect to market our ingredients portfolio on a wider scale and attract more brand name products that can be enhanced by the addition of a Nutrition 21 ingredient."

Mr. Fink added, "With a strong focus on managing cost and increasing operating efficiencies, we expect to successfully drive our products through both the direct-to-market and the retail channels in the most cost-efficient manner with the goal of achieving profitability at the earliest possible date."

Mr. Mann concluded, "While it is the policy of Nutrition 21 not to provide detailed forward-looking financial guidance, the Company believes it is important for all investors to have reasonable visibility into the future outlook for the business. The Company expects that EBITDA will approach breakeven in the June 2008 quarter, while June quarter revenues are estimated to be in the same general range as the preceding quarter. Looking forward to the fiscal year ending June 30, 2009, the Company anticipates relatively stable revenues with consistently positive EBITDA."

CANNON EXPLORATION INCORPORATED (OTC: CNEX)
"Up 30.95% on Friday"

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

Cannon Exploration Inc is a dynamic junior mineral exploration company with a focus on precious metals exploration in Canada. Its exploration strategy is based on selecting properties that fulfill sound geological criteria while offering excellent potential for selected commodities. Each project is generated and managed with specific preset objectives. The company seeks to hold interests in numerous properties offering excellent economic potential for a diverse range of commodities.

CNEX News:

May 7 - Cannon Exploration Inc. Updates Shareholders

Cannon Exploration Inc. (OTC: CNEX), a North American mining company, announced that effective May 7th, the company's website (www.cannon-exploration.com) will be live and that an Investor Relations firm has been hired to take shareholder inquires at 1-866-365-4724.

The company plans to own several advanced mining properties in North America that will rapidly combine a balanced portfolio of exploration and development projects with the mining expertise of its technical and managerial teams to ensure future growth of the company. The result is a company with the share liquidity and market capitalization to provide value to investors. "As we move forward in considering exciting growth options for the company, I hope that in the coming months you will come to share that excitement with me as well," stated CEO Neil Sarran.

The company will be updating its shareholders with further announcements within the near future with regards to company projects and developments.

DOUGLAS LAKE MINERALS (OTCBB: DLKM)
"Up 26.67% on Friday"

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

Douglas Lake Minerals is an emerging mineral exploration company focused on exploring and developing gold, copper, nickel, uranium and diamond mining opportunities in Tanzania. DLKM has a portfolio of 51 prospecting concessions and is negotiating to acquire an additional 80. For more information go to www.douglaslakeminerals.com.

DLKM News:

May 9 - Douglas Lake Minerals acquires massive 430 sq km alluvial gold deposit

Douglas Lake Minerals (OTCBB: DLKM) announced that it has concluded an agreement with a Tanzanian National who holds the mineral rights to four Prospecting Licenses (PL's). The PL's cover an area of 430 square kilometers, and are situated in Mbwemkuru in the Lindi Region in Southeastern Tanzania.

The area is situated in the SE margin of the Karoo Basin, where there is an interland paleo basin comprising greater than 10 meters of gold bearing gravel and sandy material. The property is currently in small-scale production by the current owner. One of the most significant prospects being a 8 km by 2km block, with high gold concentrations within 1.0 and 1.5 meter zones between the gravel's and the bedrock. Another zone, a 3 by 4 kilometer block, is covered by over 9 meters thick of gravel and sandy material from surface to bedrock. In order to determine the upside potential pertaining to these placer deposits situated in this block a systematic exploration program is planned to commence on June 1, 2008.

On a recent site visit it became obvious that the area has significant potential. The closing date of the transaction should be on or before June 30, 2008.

BIONIC PRODUCTS INCORPORATED (OTC: BNPD)
"Up 25.00% on Friday"

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

Bionic Tonic and Lady Pink are refreshing energy drinks providing increased energy without the calories and sugar. Our products contain the finest ingredients available to assist metabolic levels and burn calories. Bionic's distribution is being targeted to wellness centers, trendy retail outlets and night clubs. The power and energy drink 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. The company's common stock is traded on the OTC under the symbol "BNPD." For more information or a copy of Bionic's research report, visit www.ladypinkdrink.com.

BNPD News:

May 8 - Bionic Products, Inc. Announces Acquisition Discussions and Launch of 2.5 oz. Bionic-Inoculation

Bionic Products, Inc. (OTC: BNPD) announced that the Company has opened discussions to negotiate the acquisition of a proprietary premium nutrient enhanced bottled water line.

Bionic Products management recently engaged in discussions of the potential acquisition over the course of a two day session of meeting and negotiations. The acquisition of additional product lines would assist the Company to expand the range of product lines at an expedited pace. The Company is evaluating potential corporate actions including the acquisition or development of partnership relationships with other bottlers and vendors in an effort to maximize the Company's efforts to become a worldwide producer of energy drinks and nutritional supplements and beverages.

Bionic Products has launched developmental work on the formulation of a 2.5 oz. shot size energy supplement to be marketed under the name "Bionic-Inoculation." Bionic-Inoculation is initially being developed with three flavors. Creative Flavor Concepts, one of Bionic Products' specialty development vendors, is working with the Company in an effort to speed the release of these specialty supplements, which are to be packaged in clear plastic bottles with a shrink-wrap covering, in anticipation of a launch by summer 2008.

Mr. Pulver, VP/Director of Bionic Products, stated, "Bionic Products is at a very riveting point in its developmental growth cycle. There are a number of very attractive opportunities that are carefully being reviewed by the Company at this present time which we believe would add to overall shareholder value. The Company is approaching the final stages of completion of our website www.bionicproducts.us and I would like to encourage shareholders to visit the website to monitor the progress being accomplished. I look forward to keeping shareholders updated as events with the Company take place. Thank you very much for your continued support and confidence in our Company."