OTCPicks.com

For Friday, May 16th

IVOI, MCEL, MMTE, LTDI, APRJ, CNEX

Our Stocks to Watch tomorrow include iVoice Inc. (OTCBB: IVOI), Millennium Cell Inc. (NASD: MCEL), Mammoth Energy Group Inc. (OTC: MMTE), Latitude Industries Inc. (OTC: LTDI), American Capital Partners Limited Inc. (OTC: APRJ) and Cannon Exploration Inc. (OTC: CNEX).

IVOICE INCORPORATED (OTCBB: IVOI)
"Up 200.00% on Thursday"

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

iVoice, Inc., through its subsidiary Thomas Pharmaceuticals, Ltd., engages in the development and marketing of over the counter non-prescription healthcare products. It also involves in patent licensing. iVoice offers calcium-enriched, sugar free, and anti-gas antacid tablets targeted to travelers, executives, and baby boomers requiring antacid relief. The company, formerly known as Visual Telephone International, Inc., was incorporated in 1995. It changed its name to iVoice.com, Inc. in 1999 and to iVoice, Inc. in 2001. The company is headquartered in Matawan, New Jersey.

IVOI News:

May 14 - iVoice Redeems $4.8 Million in Secured Debenture Notes, Improves Balance Sheet

iVoice, Inc. (OTCBB: IVOI) announced that it has redeemed $4,796,510.00 million in Secured Convertible Debenture Notes that were previously issued to Cornell Capital Partners, LP. After repayment, there is currently $1,250,000.00 million plus accrued interest outstanding.

“We believe the redemption eliminates expensive debt that had the potential to be dilutive to shareholders,” said Jerry Mahoney, CEO of iVoice. “The repayment of this debt improves our balance sheet and reduces an overhang in our stock.”


MILLENNIUM CELL INCORPORATED (NASD: MCEL)
"Up 152.41% on Thursday"

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

Millennium Cell, Inc., a development stage company, develops hydrogen batteries for use primarily in portable electronic devices for the military, medical, industrial, and consumer markets. The hydrogen batteries comprise a fuel cell and hydrogen storage technology. The fuel blends used in the hydrogen battery technology include combination of water, sodium borohydride, and other chemicals. The hydrogen produced by its hydrogen fuel cartridge technology is converted into electricity by a fuel cell. The company develops the technology in partnership with corporate and government entities. It also licenses its hydrogen cartridge technology and designs to companies, which develop fuel cell systems. Millennium Cell has a strategic relationship with The Dow Chemical Company for the commercialization of its hydrogen battery technology in the military and consumer electronics markets, as well as has a joint development and licensing agreement with Horizon Fuel Cells Plc. The company was founded in 1998 and is based in Eatontown, New Jersey.

MCEL News:

May 12 - Millennium Cell Updates Stakeholders

Millennium Cell Inc. (NASD: MCEL), a leading developer of hydrogen battery technology, announced that its Board of Directors has terminated the employment of all executive officers and employees of the Company effective as of the close of business on Friday, May 9, and has ceased operations. The Company has advised its employees of a possible recall offer for employment if immediate cash funding in an amount sufficient to restart operations becomes available.

The Executive Committee of the Board of Directors and certain members of senior management who are serving on a voluntary basis are engaged in discussions with a corporation that has expressed interest in entering into a reverse merger transaction with the Company, which would provide short term liquidity to the Company pending completion. That transaction will require, among other things, that the Company's common stock remain listed on the NASDAQ and that the Company restructure its existing convertible debentures in a principal amount of approximately $4.1 million after recent conversions. The Company is scheduled to present a plan of compliance to NASDAQ at a hearing on June 12, 2008.

The Company cannot provide any assurances that it will be able to complete this transaction or any other one which would provide an immediate source of cash. Without such a transaction and funding occurring in the very near term, the Company may be subject to a Bankruptcy proceeding.


MAMMOTH ENERGY GROUP (OTC: MMTE)
"Up 125.00% on Thursday"

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

Mammoth Energy Group, Inc. is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. More information is available at www.mammothenergygroup.net.

MMTE News:

May 15 - Mammoth Energy Group Announces Intent to Sell Wells in Oklahoma

Mammoth Energy Group Inc. (OTC: MMTE) announced that it is negotiating the sale of its interest in the Talala field of Oklahoma and exploring investment in other areas of Northeast Oklahoma for projects with both oil and gas potential.

President Joe V. Overcash indicated a decision will be made in the next week on the Talala field in Rogers County and expects to conclude a new agreement for both oil and gas interests in a new area of Oklahoma in the next two weeks.

"We believe our assets and resources may be more aggressively utilized with both oil and gas opportunities with little, if any additional risk," said Mr. Overcash, Mammoth's Chief Executive Officer.


LATITUDE INDUSTRIES INCORPORATED (OTC: LTDI)
"Up 71.43% on Thursday"

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

Latitude Industries, Inc. was founded by the Hernandez family in December of 1995 under Stealth Marine Inc.; the company built more than 30 boats between 1995 and 1998. In 1998, a joint venture between Midnight Express and Navigator Powerboats, a subsidiary of Latitude Industries, Inc., was founded to build the 39' and the 37' Wide Body Midnight Express. Since 1998 to the present, we have built more than 200 boats. This venture led to a government contract to build more than 40 Midnight Express 39' Center Consoles for the U.S. Customs and Homeland Security to patrol the coast of the United States, the Caribbean, and the Gulf of Mexico.

LTDI News:

May 14 - Latitude Industries, Inc. Exceeds $600,000.00 in Powerboat Sales Since January 1; Projects Total 2008 Revenues of $6 Million

Latitude Industries, Inc. (OTC: LTDI), a manufacturer of high-performance, center console powerboats, announced that it has recorded sales of approximately $600,000.00 since January 1, 2008.

"This is an increase of almost fifty percent from last year's sales during the same period. These sales have been generated from the Miami International Boat Show and Texas International Boat Show along with various marketing strategies that are currently being implemented throughout the nation," stated Jonathan Giner, Director of Marketing and Sales.

Latitude Industries will be presenting their Latitude 28ss and Latitude 35ss at the upcoming South Florida Boat Show, June 13th-16th, 2008, at the Miami Beach Convention Center.

Latitude CEO Carolina Hernandez said, "We feel the South Florida show will have a greater impact on the company's revenue than previous shows. The hottest boat-buying season is now upon us and Latitude is busting onto the scene full force. Having built 40 powerboats for the U.S. Homeland Security has not only given us a platform to showcase our boats, it has also established our credibility as one of the finest powerboat builders in the world. Powerboat enthusiasts are sitting up and taking notice that Latitude is a powerful force within the multi-billion dollar powerboating industry. Based on current orders and the demand that we're receiving from boat shows and favorable press like the Hot Boat Magazine feature, we are conservatively setting a projection of achieving $6 million in revenue for 2008."


AMERICAN CAPITAL PARTNERS LIMITED (OTC: APRJ)
"Up 30.77% on Thursday"

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.


CANNON EXPLORATION INCORPORATED (OTC: CNEX)
"Up 67.35% on Thursday"

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

China Shuangji Cement Corporation, through its interest in Shandong Zhaoyuan Shuangji Group, Ltd., operates in the cement industry in the People's Republic of China and internationally. It offers portland cement and other cement products, which are used in the construction of buildings, roads, and other infrastructure projects. The company, formerly known as Citisource, Inc., was founded in 1983 and is based in Kent, the People's Republic of China.

CNEX News:

May 12 - Cannon Exploration Inc. Announces LOI to Acquire Gold Property

Cannon Exploration Inc. (OTC: CNEX) announced that it has entered into a Letter of Intent (LOI) agreement with IPMG Inc., an Ontario mineral resource exploration company, whereby IPMG has agreed to grant to Cannon Exploration Inc. an option to purchase up to 100% interest in the old "Queen Alexandria" gold mine, located in Northern Ontario.

The transaction is subject to a number of terms and conditions, including but not limited to, completion of satisfactory due diligence and the execution of a definitive option agreement.

 
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