OTCPicks.com

For Tuesday, August 26th

GEAC, STSI, MSTF, CCMJ, ASFX, ARET

Our Stocks to Watch tomorrow include Global Entertainment Acquisition Corp. (OTC: GEAC), Star Scientific Inc. (NASDAQ: STSI), Monarch Staffing Inc. (OTC: MSTF), CruiseCam International Inc. (OTC: CCMJ), American Scientific Resources Inc. (OTC: ASFX) and Arete Industries Inc. (OTC: ARET).

GLOBAL ENTERTAINMENT ACQUISITION CORPORATION (OTC: GEAC)
"Up 125.00 on Monday"

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

Global Entertainment Acquisition Corporation is an emerging film production company headed by Maurice Smith, a veteran filmmaker who has produced many successful and memorable films such as "Screwballs," "Totally Blonde," "Alien Predator," "Recruits 1 and 2" and many other films over his distinguished 30 year career. His films have been distributed in virtually every country in the world and he has distribution on several films currently with some of the largest film distributors in the world. The company will focus on producing small budget films in the Comedy and Sci Fi genres while searching for and developing emerging talent including writers, directors and actors to work on their films. In an era of expanded outlets of distribution, content is in higher demand than ever. It is Global's mission to become a leading content provider of entertaining, high quality films to feed the global demand.

GEAC News:

August 20 - Global Entertainment Co-Finances Thriller With Two-Time Academy Award Winner

Global Partners With Albert S. Ruddy ("The Godfather," "Million Dollar Baby") on Thriller "Carjacked"

Global Entertainment Acquisition Corp. (OTC: GEAC), founded by iconic producer Maurice Smith, announced that it has negotiated a deal to executive produce and co-finance the thriller "Carjacked" with Golden Globe nominee Dan Grodnik and Academy Award Winning Producer Albert S. Ruddy. The announcement culminates several weeks of negotiations with veteran filmmaker Grodnik, who recently was nominated for a Golden Globe for Best Picture for his production of the independent film "Bobby" starring Anthony Hopkins, Sharon Stone, Demi Moore, Laurence Fishburne, Lindsay Lohan and William H. Macy.

Grodnik and Albert S. Ruddy announced a partnership in Crazy Max Productions recently at the Cannes Film Festival and "Carjacked" is the first of several projects that will be produced by their newly formed company.

Albert S. Ruddy has produced some of the greatest films of the past 40 years including "The Godfather," starring Marlon Brando and Al Pacino; "Million Dollar Baby," starring Clint Eastwood; and both "Longest Yard" movies, the original with Burt Reynolds, and the remake starring Adam Sandler, to name just a few. Mr. Ruddy is one of only three producers living to have won two Academy Awards for Best Picture.

Grodnik's "Bobby" premiered at the Venice Film Festival, where it received a seven-minute-long standing ovation. The film was released in New York and Los Angeles on November 17, 2006; wide release followed on Thanksgiving, November 23, 43 years and a day after the John F. Kennedy assassination. "Bobby" was nominated for a Golden Globe for Best Picture.

"Carjacked" will be shot sometime in the fall of 2008 and will wrap in 4 weeks. Casting is underway and the male and female leads should be announced within the next few weeks. The news comes on the heels of several very promising achievements and announcements including the acquisition of rights on both music libraries and screenplays, the addition of several key entertainment veterans to the advisory team, the commencement of production on "Spiderella," the super heroine screenplay developed by Maurice Smith, and the completion on the creative of "Brand Dead," a project the company expects to ultimately become a franchise comedy.

The company has initiated a name change and will announce when Finra makes it official and expects to announce significant positive developments regarding a restructuring in the coming weeks.


STAR SCIENTIFIC INCORPORATED (NASDAQ: STSI)
"Up 65.27% on Monday"

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

Star Scientific, Inc., together with its subsidiaries, engages in the development, implementation, and licensing of tobacco curing technology that prevents the formation of carcinogenic toxins present in tobacco and tobacco smoke, primarily the tobacco-specific nitrosamines (TSNAs). It manufactures, sells, markets, and develops low-TSNA dissolvable smokeless tobacco products designed to provide adult tobacco users with an alternative to cigarettes. The company's dissolvable smokeless tobacco products include ARIVA cigalett pieces, a compressed powdered tobacco product; and STONEWALL Hard Snuff, a non-fermented spit-free hard tobacco product. The company also focuses on the development of tobacco-based pharmaceutical products for the treatment of tobacco dependence, as well as a range of neurological conditions, including Alzheimer's disease, Parkinson's disease, schizophrenia, and depression. It sells its products through tobacco distributors and wholesalers, as well as through drug store chains and other consumer product distributors in the United States. The company was founded in 2000 and is based in Petersburg, Virginia with an additional office in Bethesda, Maryland.

STSI News:

August 25 - Star Scientific Successful in Appeal of Patent Infringement Lawsuit Against RJ Reynolds Tobacco

Star Scientific, Inc. (NASDAQ: STSI) announced that the United States Court of Appeals for the Federal Circuit issued its opinion on Star’s appeal of rulings by the US District Court in its patent infringement lawsuit against RJ Reynolds Tobacco Company, Inc. (RJR). A three-judge panel ruled unanimously that the lower court’s ruling, that Star Scientific had engaged in inequitable conduct, was “clearly erroneous”, and also reversed the district court’s grant of summary judgment holding Star’s patents indefinite. Based on those rulings the Federal Circuit Court remanded the case for further proceedings. The opinion can be accessed at http://www.cafc.uscourts.gov/dailylog.html.

A bench trial was held in early February, 2005 on RJR’s defense claim of inequitable conduct. Shortly before that trial began, RJR was permitted by the District Court to file summary judgment motions that claimed that the patents were neither sufficiently definite nor was the patent application entitled to a priority date. Two years later, in January, 2007, the district court issued rulings that granted RJR’s summary judgment motions. Six months later, on June 26, 2007, the district court ruled that Star committed inequitable conduct in the prosecution of its patents. Star filed a notice of appeal with the US Court of Appeals for the Federal Circuit the following day. Oral arguments on the appeal were heard by the Federal Circuit Court on March 7, 2008. As a result of Star’s success in its appeal, the case will be remanded to the US District Court of Maryland for further proceedings. As the company has previously stated, Star believes it ultimately will be successful before a jury at trial.


MONARCH STAFFING INCORPORATED (OTC: MSTF)
"Up 66.67% on Monday"

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

Monarch Staffing, Inc., through its subsidiaries, provides healthcare staffing services to commercial and government sector customers in the United States. It furnishes personnel to perform a range of pharmacy technician, nursing, and other health care services in support of the operations of government and commercial facilities. The company is based in Irvin, California.

MSTF News:

August 25 - Monarch Staffing, Inc. Launches Nurse Consultants to Build Its Nurse Staffing Business

New Operating Division Will Be Led by Industry Veteran and Based in Fresno

Monarch Staffing, Inc. (OTC: MSTF), and its wholly owned subsidiary Drug Consultants, Inc., a provider of healthcare staffing services, announced the launch of Nurse Consultants, a new operating division focused on the nurse staffing business.

Nurse Consultants will be lead by Edwina Chong, Executive Vice President, a nurse staffing industry veteran. Prior to joining Drug Consultants, Inc., Ms. Chong built one of the largest local nursing recruitment and staffing firms in the country. From 2001 to 2007, she was Area Manager with Supplemental Health Care where she grew annualized revenues in excess of $21 million. "I am extremely excited to lead the growth of our new operating division," commented Ms. Chong.

Nurse Consultants has opened a new office in Fresno, CA to house its sales & marketing, recruiting and scheduling operations.

"The launch of Nurse Consultants and the opening of a new operating office in Fresno advances our plan to penetrate the growing nurse staffing business. Additionally, we expect the launch will help diversify Monarch Staffing's service offerings and customer base," commented David Walters, Chairman.


CRUISECAM INTERNATIONAL INCORPORATED (OTC: CCMJ)
"Up 57.14% on Monday"

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

CruiseCam International, through its two operating subsidiaries, develops and markets integrated, "in-car" camera mount and recording systems for law enforcement, consumer, commercial and transportation applications, as well as for competition racing cars. The Company's patented technology and industry-first "Cruisecam" offering have been developed since 1996, and are distributed nationwide. For more information, visit www.cruisecam.com.

CCMJ News:

August 18 - CruiseCam International Receives Green Light From Canfield Equipment Service, Inc.

CruiseCam International, Inc. (OTC: CCMJ) announced that it has demonstrated to Canfield Equipment Service, Inc. the capability of its highly functional, economical video system that was developed from the automotive racing platform. Canfield Equipment Service, Inc. is a leading police vehicle outfitter most notably for equipping Dodge Police Cars.

Lee Calkins, who runs the program for Canfield Equipment's Ready for Duty Police Vehicles program, has worked for the past five years to develop and market complete law enforcement vehicle packages that can be seen online at:

www.canfieldequipment.com/ready+for+duty.aspx

Canfield's program is the only factory approved upfitter for the Dodge Charger and its services and products are distributed through the Dodge dealer network.

In many cases, the smaller police departments throughout the United States desire video evidence capture, but the cost associated with the purchase and maintaining of those systems is beyond the financial means of many. With CruiseCam's micro size, lower cost and utilizing a simple Windows based archival and retrieval system, CruiseCam's product will now allow these departments to enter into the digital video evidence arena.

Further research has shown that approximately 8500 to 9000 one-to-five car police departments exist nationally with the need for in-car video systems, presenting a sizable market. "By introducing CruiseCam's product and promoting its virtues we strongly believe that a significant number of these departments can be sold, providing for substantial profits from ongoing and repeat customers," stated Scott Watkins, CEO of CruiseCam International, Inc.

While it is difficult to predict how much additional revenue this new business alliance will generate, it is reasonable to assume a conservative figure of 2500 - 3500 units will be sold.


AMERICAN SCIENTIFIC RESOURCES INCORPORATED (OTC: ASFX)
"Up 31.25% on Monday"

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

American Scientific Resources, Inc. manufactures and distributes medical products and supplies. The company, also known as Ulster Scientific, is based in New Paltz, New York.

ASFX News:

August 22 - Children's Health and Safety Products Company Plans To Add New Innovative Products to Product Line

Company Outlines Plans for Expansion Based on PO Credit Line

Kidz-Med Inc. (the Company), a subsidiary of American Scientific Resources, Inc. (OTC: ASFX), announced plans to add several new innovative products to their child health and safety product line. Pursuit of this goal is made possible due to the Company’s recent announcement on receiving a commitment for a line of credit of up to five million dollars to be used strictly for Purchase Order and Accounts Receivable financing.

The new products are expected to be supplied by an Italian manufacturer that generated approximately $50 million in sales revenue for 2007. The proposed child health and safety products will fit in with the Company’s mission of providing innovative products sourced globally that have not yet been introduced to the US/North American markets, and that strive to make the lives of parents and caregivers much easier and safer by solving the issues that they experience in their every day lives.

The Company is expected to supply some or all of the Manufacturer’s high-margin products, which include:

* A tranquil voice recorder and night light for baby’s crib
* Specialized baby monitors
* Easy to use, accurate thermometers
* Mobile bottle warmers
* Sterilizers
* Homogenizers
* Breast pumps
* Safety signal gate
* Mosquito repellant

Founder of Kidz-Med and creator of the Dr. Bip series of educational videos and books for young children, Dr. Christopher F. Tirotta, MD, MBA, is a pediatric anesthesiologist and clinician in Miami, Florida. Now a division of American Scientific Resources, Inc., Kidz-Med already distributes several products throughout North America, and continues to source even more revolutionary products abroad.

“By offering a new variety of innovative products that fill a need for today’s parent or caregiver, we are projecting not only to substantially increase our revenues from 2008 to 2009, but to also become the brand of choice in the child health and safety market,” states Dr. Christopher F. Tirotta, CEO of American Scientific Resources, Inc.

As U.S. distributor for the Thermofocus® 5-in-1, the Company has already placed the product at more than 6,200 Walgreen stores across the country, and most recently at the world’s largest baby retailer.

Dr. Tirotta states, “Even though we have been successful in bringing the Thermofocus to retail mass merchants and chain drug stores, our plan is to introduce these products on our website first, and then eventually target our current vendors, if not similar retail giants, for distribution. We are confidently expecting a positive online response.”

ABOUT KIDZ-MED, INC.

A division of American Scientific Resources, Inc., Kidz-Med, Inc., was founded in 1993 by Dr. Christopher F. Tirotta to create children’s pre-operative educational videos “A Hospital Trip With Dr. Bip” and “Dr. Bip’s New Baby Tips”. Today, Kidz-Med, Inc. is leading the pediatric and children’s health and safety products industry in innovation by providing the most revolutionary patented family-friendly products sourced from around the globe to help keep children safe and parents reassured. For additional information, visit www.kidzmed.com or the corporate web site, www.americansci.com.


ARETE INDUSTRIES INCORPORATED (OTC: ARET)
"Up 25.00% on Monday"

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

Arete Industries, Inc. is a publicly traded holding company. The Company is the operator of a gas gathering system and is in the process of acquiring gas and gas properties in the southwest region of the United States.

ARET News:

August 25 - Arete Industries, Inc. Announces Acquisition of Oil & Gas Property

Arete Industries, Inc. (OTC: ARET) announces that the Company received a letter of intent to purchase oil and gas properties in Wyoming, Colorado, Kansas, and Montana from Denver based oil & gas and operating companies for $21,000,000 in cash.

The wells being offered by the Denver based oil & gas company total 243 wells, including 46 operating wells (PDP) and 197 PUDS (PUD). The current operating wells at today's oil and gas prices will generate cash flow of approximately $7,000,000 a year or a monthly cash flow of $585,000. Arete purchased the TOP Gathering System located in Campbell County, Wyoming in September of 2006. This pipeline is connected to oil & gas properties in Wyoming and is currently transporting approximately 900,000 Mcf of gas per day for the wells being purchased and is cash flowing from its operations. The pipeline has capacity of three times as much gas as is presently being delivered, based on current compression, and developing the present leases would help fill that capacity. The purchase of the pipeline is part one of Arete's four part program of merging, purchasing, developing, and acquiring operations in the oil & gas industry. The financing of the project is being coordinated by First Diversified Financial Services, Inc. of Houston, Texas. The loan will be a two year term loan for $27,000,000 that includes $21,000,000 for the acquisition and the remaining $6,000,000 for the costs of the loan and drilling in the next 18 months. We plan to complete the acquisition by early fourth quarter.

We plan to complete all filing for Arete during the third and fourth quarter and thereafter begin the process for the listing on the OTC BB. "This has been a long time coming and we have worked very hard to make this happen. We had problems with the pipeline early on but it is performing very well for now and we expect this acquisition of assets to provide us the ability to continue to execute our plan presented in mid 2006," stated Charles Gamber CEO of Arete Industries, Inc.

 
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