For Tuesday, May 13th

INNP, GWGI, MENV, EGTS, DLKM, CMTX

Our Stocks to Watch tomorrow include Innolife Pharma Inc. (OTC: INNP), Galloway Energy Inc. (OTC: GWGI), Micron Enviro Systems Inc. (OTCBB: MENV), Elleipsis Global Travel Solutions Inc. (OTC: EGTS), Douglas Lake Minerals (OTCBB: DLKM) and Comtex News Network Inc. (OTCBB: CMTX).

INNOLIFE PHARMA INCORPORATED (OTC: INNP)
"Up 252.94% on Monday"

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

Innolife Pharma Inc.'s unique evidence–based and clinically proven centralized pain model approach focuses on reversing the endorphin, serotonin and other significant neurotransmitter pain killer depletion found in chronic pain sufferers. This results in significant long-lasting pain, insomnia and depression relief in your patients without the need for narcotics, drugs, surgery or ongoing supplementation.

INNP News:

May 12 - Innolife Pharma Provides Initial Update on Negotiations for Significant Product Joint Venture

Innolife Pharma, Inc. (OTC: INNP) has been in discussion over the previous eight months regarding the formation of a joint venture partnership. INNP has reached a point in these negotiations where final written terms have been submitted on all key issues which could lead to the Company's very first product acquisition. It should be noted that this process evolved methodically over this extended period due to the successful, long term history of the product involved, and the well-established reputation of its founding corporation.

Management anticipates additional forthcoming news and progress updates on the closing of this transaction that can complete great strides in two specific areas. One is the awarding of valuable rights to Innolife Pharma of an industry leading product. This established brand known for innovation and consistency over more than two decades can be launched in a brand new target market for the first time representing the largest market of this type on a global scale. Secondly, but of equal importance, is the solidifying of a joint venture with a partner of great quality and experience. The intention is to unite the market access and distribution capabilities of INNP with the knowledge, leadership, and existing contacts of our potential joint venture partner.

INNP will continue to reveal details of our aggressive strategy geared towards long term growth as they become available. We are confident that a partnership will emerge and start to bring in revenue in the near term based on the high level of negotiations reached with an industry leader in the information technology field. The Company believes that the size of our target market is potentially in excess of US$20 Billion. Updates will also be available on the Company's official corporate web site at www.innolifepharma.com.


GALLOWAY ENERGY INCORPORATED (OTC: GWGI)
"Up 125.00% on Monday"

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

Galloway Energy has set forth to establish itself as a first in locator of overlooked mineral properties and new areas of interest due to the global increase in commodity demand and prices. The company is in a position to leverage current working relationships with land acquisition and engineer professionals in highly prolific regions. Currently the company is interested in mineral claim acquisitions and joint venture opportunities in British Columbia, Canada. As Galloway grows, our scope will include property interests all over the world. The initial exploration property is the Fraser Claim and is situated in the Caribou Mining Division in the province of British Columbia. The company feels that this initial claim gives it an early foothold in this area and has potential for further acquisitions and exploration. The property on offer includes 482.37 hectares that artisenal prospectors have discovered indications of mineralization. Based on initial showings from the preliminary reconnaissance the company has decided it will proceed with an acquisition program with an exploration plan to be implemented as soon as feasible. Based on initial positive results Galloway will expand the exploration and prove out any mineral bodies that may exist. The reconnaissance initiative mentioned earlier yielded sufficient results for alluvial gold that justifies the company going forward to explore for sources. Galloway Energy will execute a strategy for acquisition and exploration that is conducive to sustainable share value.

GWGI News:

May 12 - Galloway Energy Inc. (GWGI) Finalizes Gold Exploration Property Acquisition

Galloway Energy Inc. (OTC: GWGI) (the “Company”) announced that it has finalized the acquisition of the Fraser Claim in British Columbia. The company feels that this initial exploration property is in keeping with the company's objective of defining and acquiring interests in underdeveloped and overlooked properties that are now deemed economical due to significant global increases in both demand and prices of commodities.

The Fraser bend claims are situated in the legendary Cariboo mining district in central British Columbia. The claims are central to the famous Gold Rush Trail and on the high gold bearing structure referred to as the Fraser Bend Formation stretching all the way to the Yukon. The Cariboo is one of the most strategic, high potential placer gold bearing areas in BC.


MICRON ENVIRO SYSTEMS INCORPORATED (OTCBB: MENV)
"Up 43.00% on Monday"

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

Micron Enviro Systems Incorporated is an emerging oil and gas company that now has exposure to multiple leases consisting of interests in 50.5 gross sections (31,945 acres) in the Oil Sands of Alberta, Canada, which is one of the largest oil producing regions in the world. Micron holds 100% interest in 4 sections, 50% interest in 16 other sections, 5% interest in 26 sections, and has a 4.17 % net interest in 4.5 additional Oil Sands sections. Management's goal is to build the asset base of the Company through strategic alliances and independent acquisitions that will build long-term shareholder value. Management continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects. For detailed maps of the locations of Micron's prospects, visit www.micronenviro.com.

MENV News:

May 12 - Micron Enviro Systems Inc. Submits Additional Coal Permits in East Central Saskatchewan Near Goldsource's New Discovery

Micron Enviro Systems, Inc. (OTCBB: MENV) (Germany: NDDA) ("Micron" or the "Company") announced that it has submitted additional coal permits encompassing approximately two additional townships (approximately 40,000 acres) in east central Saskatchewan, Canada. This would give Micron a potential claim area of approximately 63,000 acres of which the Company would have a 100% ownership of, should it be successful in the bid process. This acreage is in close proximity to a recent new coal discovery made by Goldsource Mines Inc. There are no guarantees that any of these proposed permits will be awarded to Micron.

Bradley Rudman, president of Micron stated, "It appears that this area may host a new major coal deposit. Goldsource's shares have risen from $0.30 to $5.27 in the past few trading sessions since announcing this potential new coal deposit. Micron was able to be one of the first to stake land shortly after the Goldsource discovery. We are now attempting to increase this potential land position and management anticipates adding additional prospects in the future. When you factor in this tremendously exciting prospect with our substantial land position in the Alberta Oilsands, clearly the Company seems to be turning in the right direction."


ELLEIPSIS GLOBAL TRAVEL SOLUTIONS (OTC: EGTS)
"Up 51.69% on Monday"

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

Elleipsis Global Travel Solutions, Inc., through its wholly owned subsidiary, Elleipsis, Inc., a Nevada corporation, provides travel booking solutions and web services based on the OpenTravel(TM) Alliance (OTA) specifications for the travel industry. Elleipsis Inc. products include the industry leading travel technology TravelTalk® Suite of business solutions. TravelTalk® facilitates travel industry commerce by enabling travel agents and travel industry suppliers to connect clients to the world's largest electronic global distribution systems.

EGTS News:

May 8 - Elleipsis Global Travel Solutions, Inc. Gets Profiled on InvestSource Index

InvestSource, Inc., a multimedia relations/investor relations firm specializing in bringing small- and micro-cap issuers to the attention of the broader public, announced that it has added Elleipsis Global Travel Solutions, Inc. (OTC: EGTS) to its rapidly growing "InvestSource Index" of publicly traded securities.

Elleipsis Global Travel Solutions, Inc. is the latest in a line of companies to recognize the potential benefits of placement in the InvestSource Index, a robust and feature-rich platform that incorporates the latest communications tools to create the most interactive environment for issuers and investors to interact, research, and communicate directly with the company. A full profile of Elleipsis Global Travel Solutions, Inc., including expanded company description, trading charts, and market highlights, is now available on the InvestSource website at www.investsourceinc.com.


DOUGLAS LAKE MINERALS (OTCBB: DLKM)
"Up 34.21% on Monday"

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.


COMTEX NEWS NETWORK INCORPORATED (OTCBB: CMTX)
"Up 36.51% on Monday"

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

Comtex News Network, Inc. operates as a wholesaler of electronic real-time news and content for financial and business information distributors in the United States. It receives, enhances, combines, filters, and distributes news and content received from national and international news bureaus, agencies, and publications. The company's product lines include CustomWires, subject-specific newswires presenting various subject combinations, including energy, finance, international, and public company information; Comtex TopNews, which comprises editorially selected news stories of the day, including news related to financial markets, vertical markets, general market, and world news; and Publisher Full Feeds, which is a delivery from a specific publisher that provides distributors with the content offering from that publisher. Comtex News Network also offers SmarTrend products, which include Morning Call, a daily stock market letter; SmarTrend Spotlights, selected stock news; and SmarTrend Alerts directly to consumers via subscription at mysmartrend.com, as well as through financial distributors. Comtex News Network is based in Alexandria, Virginia.

CMTX News:

May 12 - Comtex Reports Third Quarter Fiscal 2008 Earnings

Comtex News Network, Inc. (OTCBB: CMTX), a leading provider of economically useful electronic real-time news, content and SmarTrend® market products, today announced financial results for its third fiscal quarter and the nine month period ended March, 31, 2008.

Comtex reported $232,000 of operating income and net income of $244,000, or $0.02 per share for the third quarter of fiscal 2008, compared to operating income of $61,000 and a net loss of $(181,000), or $(0.01) per share for the quarter ended March 31, 2007. The growth in profitability resulted primarily from decreases in both fixed product costs and overhead expenses. Comtex's revenues were approximately $1.8 million for both the quarter ended March 31, 2008 and for the third quarter of the previous fiscal year.

Comtex reported operating income of $797,000 and net income of $754,000, or $0.05 per share for the nine months ended March 31, 2008, versus operating income of $83,000 and a net loss of $(192,000), or $(0.01) per share, for the comparative prior year period. Comtex reported revenues of $5.4 million for the nine months ended March 31, 2008 compared to $5.2 million for the nine months ended March 31, 2007. The increase in revenue was primarily due to the realization of approximately $181,000 of previously unrecognized revenue, plus increased sales to existing clients.

For the nine months ended March 31, 2008, EBITDA (as defined and explained in the accompanying note to the table below), excluding the effects of stock- based compensation, was approximately $858,000, compared to $204,000 for the nine months ended March 31, 2007. The increased EBITDA was primarily the result of the collection and recognition of revenue from prior periods, the reversal of accrued expenses related to a legal settlement, and reductions in both fixed product costs and overhead expenses.

Chip Brian, Comtex's President and CEO, stated, "Comtex's third quarter fiscal 2008 financial results show increased profit margins, working capital and stockholders' equity, while revenues remained basically unchanged. Comtex is well positioned to capitalize on the convergence of content and technology to create innovative new products and services."

 
< Prev   Next >

OTCPicks.com provides stock market coverage of OTC Bulletin Board, Pink Sheets, small cap, and penny stocks. We provide stock market news, stock quotes, stock charts, stock research and hot penny stock picks. Investors can utilize OTCPicks.com services to research a variety of small cap and penny stocks. OTCPicks also provides investor relations services to emerging micro and small cap companies; providing investor awareness services, comprehensive stock coverage, stock news alerts, and client stock newsletter coverage. OTCPicks.com is the premier provider of stock information for investors looking to buy the well performing small cap and penny stocks. Best of all OTCPicks.com membership is completely free.