For Thursday, May 15th

DMEC, PGPM, GSPA, WNYN, APRJ, MGRN

Our Stocks to Watch tomorrow include Domestic Energy Corp. (OTCBB: DMEC), Pilgrim Petroleum Corp. (OTC: PGPM), SouthPeak Interactive Corp. (OTCBB: GSPA), Warp 9 Inc. (OTCBB: WNYN), American Capital Partners Limited Inc. (OTC: APRJ) and Monogram Energy Inc. (OTC: MGRN).

DOMESTIC ENERGY CORPORATION (OTC: DMEC)
"Up 866.67% on Wednesday"

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

Domestic Energy Corp. operates as an independent oil and gas exploration and development company. It focuses on the acquisition of wells and shale leases in the Chattanooga Shale in Tennessee. The company was formerly known as Homeland Security Group International, Inc. and changed its name to Domestic Energy Corp. in March 2008. Domestic Energy Corp. is based in San Diego, California.

DMEC News:

May 14 - Domestic Energy Acquires 90 Wells With Shale Potential

Domestic Energy Corp. (OTCBB: DMEC) announced that it has acquired the working interest and operating rights to more than 90 wells in Tennessee with Chattanooga Shale potential.

"Initially, we plan to re-complete and stimulate several of these wells that are currently producing limited amounts of crude oil and natural gas," explained Larry Hillabrandt, Domestic CEO. "The long term potential is the development of the Chattanooga Shale in these wells. The Chattanooga Shale, like the Barnett Shale in Texas and the Marcellus shale in Pennsylvania and New York has been overlooked until just recently, when new stimulation techniques have opened the door to development of this source of natural gas," he added.

Domestic Energy Corp., an independent oil and gas exploration and development firm, acquired the wells from several Tennessee-based privately owned companies, in a cash and stock transaction. The firm plans to evaluate the wells in the coming months, rank the wells based on potential and begin stimulating the shale, while building a gas gathering system to transport the gas to an interstate market.

Hillabrandt noted that the newly acquired wells are within 17 miles of a Consol Energy Chattanooga Shale well that had an IP of 3.9 MMCF of gas per day. "For the time being we will focus on evaluating, prioritizing and stimulating our vertical wells, and we will evaluate the potential for drilling one or more horizontal wells in the future," he added.


PILGRIM PETROLEUM CORPORATION (OTC: PGPM)
"Up 212.50% on Wednesday"

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

Pilgrim Petroleum Corporation is a publicly traded company headquartered in Dallas, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights and surface interest's primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.

PGPM News:

May 12 - Pilgrim Petroleum Announces Projected EPS for 2008

Pilgrim Petroleum Corporation (OTC: PGPM) (Frankfurt: PHV.F) announced the company's year 2008 projected EPS (Net Earnings / Outstanding Shares) $50,000,000/844,236,923 of 0.06. Based on this EPS multiplied by a sustainable growth rate of 25% and multiplied by the average industry P/E ratio of 20.96 (Reuters), Pilgrim's intrinsic value or estimated stock value should be $0.3103.

Pilgrim Petroleum's prime properties are mainly located in the North West Texas, owning approximately 12,000 acre properties, which hosts resources with a best estimate P50 (*) of 4 millions of barrels of oil equivalent, definitions according to "Petroleum Classification and Definitions" (2000) published in draft by the Society of Petroleum Engineers (SPE) and World Petroleum Congress. The already on-going next phase is to strategize with its Partners and alliances for new drilling activities in its leasehold position for further categorization of reserves, including development and production status (proved, probable and possible).

Pilgrim Petroleum management is currently focused on developing multiple horizons with hydrocarbon potential and is proud to communicate that the company's combined assets are now producing in an upward trend and new acquisitions for further hydrocarbon development under consideration.

Rafael Pinedo, President of Pilgrim Petroleum Corporation, commented, "Triple digit oil prices and current market conditions make new ventures an open opportunity to develop our assets with great levels of profitability. Management is implementing streamlining operations activities as well as targeting new acquisitions and joint ventures.”


SOUTHPEAK INTERACTIVE CORPORATION (OTCBB: GSPA)
"Up 83.33% on Wednesday"

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

SouthPeak Interactive Corporation develops and publishes interactive entertainment software for all current hardware platforms including: PlayStation®3 computer entertainment system, PSP® (PlayStation® Portable) system, PlayStation®2 computer entertainment system, Xbox 360™ video game and entertainment system, Wii™, Nintendo DS™ and PC. SouthPeak's games cover all major genres including action/adventure, role playing, racing, puzzle strategy, fighting and combat. SouthPeak's products are sold in retail outlets in North America, Europe, Australia and Asia. SouthPeak is headquartered in Midlothian, Virginia, and has offices in Grapevine, Texas and London, England. For more information, visit www.southpeakgames.com.

GSPA News:

May 14 - SouthPeak Interactive Goes Public and Completes Institutional Financing To Accelerate Growth Strategy

One of the Fastest-Growing Video Game Publishers Trades on OTC Bulletin Board under Temporary Symbol ‘GSPA’

SouthPeak Interactive Corporation (OTCBB: GSPA) announced it has gone public through the completion of its transaction with Global Services Partners Acquisition Corp. Upon closing, Global Services changed its name to SouthPeak Interactive Corporation. Concurrently with the closing, SouthPeak completed an institutional financing.

"We are excited to enter the public markets and receive a very positive response from the investment community," said Melanie Mroz, CEO of SouthPeak. "The opportunity provided through this transaction positions SouthPeak to outpace the industry in terms of revenue and profit growth. We believe the combination of our strong product offering along with our unique business model will drive substantial shareholder value."

SouthPeak is a fast-growing video game publisher with a unique production model that exclusively utilizes independent studios to source and produce innovative video games. This model allows the company to leverage leading-edge development talent and minimize fixed overhead, thereby maximizing operational flexibility and profitability.

"With the video game industry experiencing phenomenal growth, we are in a strong position to capitalize on the rapid market expansion," said Terry Phillips, Chairman of SouthPeak. "By securing lasting franchises and approaching the marketplace with a diverse platform strategy, we are able to take full advantage of every revenue opportunity."

The video game industry is growing rapidly with U.S. video game software sales expected to grow from $6.5 billion in 2006 to $13.6 billion in 2009, according to Goldman Sachs. Global video game software sales are expected to grow to $55 billion by 2009 as reported by PriceWaterhouseCoopers.


WARP 9 INCORPORATED (OTCBB: WNYN)
"Up 93.33% on Wednesday"

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

Warp 9, Inc. provides e-commerce platforms and services for the catalog and retail industry. Its suite of software platforms are designed to help online retailers maximize the Internet channel by using Warp 9's technologies for online catalogs, e-mail marketing campaigns, and interactive visual merchandising. The company offers its products on a fully managed software-as-a-service model. Warp 9 primarily offers two proprietary software systems, Warp 9 Internet Commerce System, an enterprise-grade software system that enables catalogers and retailers to expand their operation to the Internet with customizable features for product presentation and store management; and Warp 9 Email Marketing System, a Web-based email campaign and list management system. It also offers professional services, which include online catalog design, merchandizing and optimization, order management, e-mail marketing campaign development, integration to third party payment processing and fulfillment systems, analytics, custom reporting, and strategic consultation. In addition, Warp 9's strategic marketing consultants develop, deliver, and manage programs, such as paid search advertising, search engine optimization, affiliate marketing, store optimization, and email optimization. The company was founded in 1999 and is based in Santa Barbara, California.

WNYN News:

May 14 - Warp 9 Reports 353% Increase in Net Income

Gross margins grow to a record 95%

Warp 9, Inc. (OTCBB: WNYN), the premier provider of robust e-commerce platforms and services, announced its financial results for its third fiscal quarter ended March 31, 2008.

Net income for the quarter grew 353% year over year to $119,615 from $26,405. Although revenue for the quarter fell to $580,477 from $771,989, the decline is largely attributable to the elimination of pass-through marketing expenses. Gross margins grew to a record 95%.

Harinder Dhillon, Warp 9's CEO, commented, "We continue to work hard to complete the company's turnaround. Management's efforts have been focused on improving the company's balance sheet and we are pleased with the progress that has resulted from our fiscal discipline."

The quarter ending March 31, 2008 marked the sixth consecutive quarter of positive net income. The company's cash balance grew 21% from the previous quarter to $779,583 and working capital almost doubled from the previous quarter, from $210,193 to $400,205. The company's total debt was reduced almost 14% from the previous quarter. Mr. Dhillon added, "Obviously, we can make no assurances, but management will continue to find ways to reduce our debt burden. We believe these are steps we must take to ensure that we will be positioned for future growth and profitability."


AMERICAN CAPITAL PARTNERS LIMITED (OTC: APRJ)
"Up 66.67% on Wednesday"

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

American Capital Partners Limited is a Business Development Company registered under the 1940 Act. It specializes in funding capital and business consulting to small start up private and private companies. It seeks to achieve high returns through its equity participation, the charging of management fees, and dividends.

APRJ News:

May 14 - American Capital Partners Limited, Inc. Updates Year-to-Date Financials

American Capital Partners Limited, Inc. (OTC: APRJ), a publicly held Business Development Company located in Florida, has recently updated its YTD financials and has posted them on www.pinksheets.com. ACP is preparing updated audited financials and is on schedule to finalize the IPower Applications acquisition. IPower has been working diligently on growing its user base with a continuing evolution of new software applications, and expanding on its core business of child and family online security protection.

American Capital believes it has created a selective investment strategy, based on certain proven criteria. By adhering to these principles, American Capital has built a solid, consistently performing string of investments. We assess each prospective investment for certain key criteria to determine if a company has achieved, or has the potential to achieve: market leadership, sustainable cash flow, significant operating history, management experience and commitment. American Capital Chairman and CEO, Frank Speight states, “As evidenced by a significantly strong showing on our updated Balance Sheet, our investment strategy is working effectively.” One of American Capitals’ recent capital investments and scheduled acquisitions is IPower Applications, Inc. "We are excited about the relationship with ACP and the continued growth of our business model, our acquisition by ACP will really put our company into a significant growth mode", comments President, Anthony Ranallo.

ABOUT IPOWER APPLICATIONS

IPower Applications, Inc. has created two symbiotic products that together create a platform to protect children aged from “Toddlers to Teens”. The platform consists of two flagship applications KaZipster™ (www.kazipster.com) and Home POWWOW™ (www.doyoupowwow.com). KaZipster™ provides children, just beginning to use the Internet, a safe and fun experience whilst online and parents the ability to control and limit where their children can browse. Home POWWOW™ provides parents with a comprehensive online monitoring portal allowing a parent to monitor their children's Web, Instant Messaging/Chat and Social Network activity from any Internet enabled computer. Parents may setup alerts to be triggered on specific keywords and/or phrases for IM/Chat and Social Network monitoring as well as view all browsing activity taking place on the child's computer “as it happens”. Alerts can be received on cell phones and through email keeping a parent up to date with any inappropriate activity occurring on any of their home computers. Both KaZipster™ and Home POWWOW™ were designed to “empower” parents to protect their children from online predators, classroom bullies, and other peer pressures that may take place by Instant Messaging and in Chat Rooms.


MONOGRAM ENERGY INCORPORATED (OTC: MGRN)
"Up 42.86% on Wednesday"

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

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.

MGRN News:

May 13 - Monogram Energy Inc. Continues to Produce in Corsicana, Texas

Monogram Energy, Inc. (OTC: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced that the Company will begin workovers on 3 additional wells early next week in Corsicana, Texas. These wells are part of the T.W. Martin lease and are expected to produce an estimated 270 barrels a month. The workover is expected to take one week to complete and will increase the total number of wells in production to eight. The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County, which produces around 600,000 barrels annually.

"These next three wells should provide us with some nice operating cash flow," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

 
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