OTCPicks.com

For Friday, September 14th

CNMY, SFEG, CBMC, PLKT, TNEN, MECA

Our Stocks to Watch for tomorrow include CineMaya Media Group (OTC: CNMY) Santa Fe Gold Corp. (OTCBB: SFEG), Calypte Biomedical Corp. (OTCBB: CBMC), Planktos Corp. (OTCBB: PLKT), True North Energy Corp. (OTCBB: TNEN), Magna Entertainment Corp. (NASD: MECA)

CINEMAYA MEDIA GROUP (OTC: CNMY)
"Up 47.8% on Thursday"

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

CineMaya Media Group, Inc. (OTC: CNMY) is the leading provider of high quality international South Asian media, entertainment, and marketing services. Established in 2000 as a vertically-integrated company, CineMaya Media Group has since grown into a mini-conglomerate in the ethnic media landscape through its robust businesses within the following areas: Publication, Broadcast Television, Radio, Film & Television Production, Events, and Advertising. For more information on CineMaya Media, visit www.cinemayamedia.com.

CNMY News:

September 13 - Breaking News: AR Rahman to Perform at Indian & American Achiever Awards -- September 13, 2007 -- The John F. Kennedy Center for the Performing Arts, Washington, D.C.

India's finest and most reputed international music director, AR Rahman will perform at CineMaya Media Group's (OTC: CNMY) inaugural "Indian & American Achiever Awards" on Thursday, September 13, 2007 at The John F. Kennedy Center for the Performing Arts in Washington, D.C.

Beloved for his renditions of Maa Tujhe Salaam and Vande Matran, AR Rahman is one of the most prolific music composers of his generation internationally. He has scored the music for a number of popular and critically acclaimed films. His first movie album Roja was listed in TIME magazine's "Top 10 Movie Soundtracks of All Time." AR Rahman has also achieved international renown for his musical compositions. He has composed the score for Shekhar Kapur's film Elizabeth: The Golden Age. Andrew Lloyd Webber, the well-known composer of musicals, hired AR Rahman to compose his maiden stage production, Bombay Dreams in 2002. He has also composed the music for The Lord of the Rings theatre production, which first opened in Toronto on March 23, 2006.

Mr. AR Rahman says, "It is my great honor to be able to sing Jana Gana Mana, India's National Anthem during the 60th Year of Independence Celebrations in the heart of the US Capital."

Supported by the US - India Business Council, this inaugural event is celebrating the 60th Anniversary of India's Independence and recognizing individuals and multi-national corporations (MNCs) who have contributed towards the collective advancement and growth of the two largest democracies in the world. CineMaya Media Group will be hosting this fantastic event at The John F. Kennedy Center for the Performing Arts in Washington, D.C.


SANTA FE GOLD CORP (OTCBB: SFEG)
“Up 41.4% on Thursday”

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

Santa Fe Gold Corp (OTCBB:SFEG) is a U.S.-based mining and exploration company focused on acquiring and developing gold, silver, copper and industrial mineral properties. The company owns the Summit silver-gold property and a mill site and processing equipment in southwestern New Mexico; mineral lease rights to the Ortiz gold property in north-central New Mexico, believed to contain two million ounces of gold; the Black Canyon mica mine and processing facility near Phoenix, Arizona; and a large resource of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals. To learn more about the company, visit www.santafegoldcorp.com.

SFEG News:

September 12 - Santa Fe Gold Elects to Repay Remaining $1.0 Million of Convertible Notes in Cash Rather Than in Stock

Santa Fe Gold Corp (OTCBB:SFEG), a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, announced that beginning with the monthly payment due November 1, 2007, it had elected to repay in cash the remaining $1.0 million of senior secured convertible notes required to be repaid in connection with a $3.5 million financing completed in 2006.

Since March 2007, the company has been paying principal and interest by the issuance of its common stock. The last three payments total approximately $1.0 million, with the final payment scheduled January 1, 2008.

Pierce Carson, CEO, said, “Our stock price has declined over the past several months. The amount of stock we issue for payments is tied to our stock price and we have had to issue more stock as the price has declined. We have determined that this trend is not in the best interest of stockholders.

“With respect to our stock price, we believe there now is a very significant disconnect between the stock price and the fundamental value of the company’s assets, considering our substantial precious metals resources and based on peer company comparisons.”

The main purpose of the 2006 financing was to provide cash for acquisition of the Summit silver-gold project, which the company acquired in May 2006. The Summit project is now ready to proceed to production, subject only to the arrangement of construction financing.


CALYPTE BIOMEDICAL CORP (OTCBB: CBMC)
"Up 37% on Thursday"

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

Calypte Biomedical Corporation (OTCBB: CBMC) (www.calypte.com) is a U.S.-based healthcare company focused on the development and commercialization of rapid testing products for sexually transmitted diseases such as the Aware® HIV-1/2 OMT test that are suitable for use at the point of care and at home. Calypte believes there is a significant need for rapid detection of such diseases globally to control their proliferation, particularly in developing countries, which lack the medical infrastructure to support laboratory-based testing. Calypte believes that testing for HIV and other sexually transmitted infectious diseases may make important contributions to public health, and could increase the likelihood of treating those with undetected HIV and other sexually transmitted diseases.

CBMC News:

September 13 - Calypte Biomedical To Hold Investor Call on Tuesday, September 18th To Discuss Significant Corporate Development

Calypte Biomedical Corporation (OTCBB: CBMC), a manufacturer and marketer of medical diagnostic tests for the rapid detection of antibodies to the human immunodeficiency virus (HIV), announced today that it will hold a conference call for the investment community and other interested parties on Tuesday, September 18, 2007 to discuss a significant corporate development. The Company will issue a press release disclosing the development prior to the opening of the stock market.

The conference call will take place at 10:30 a.m. eastern time. Interested participants should call 866-770-7125 within the United States or 617-213-8066 internationally. Please use passcode 82497678. A playback of the conference will be available two hours after the completion of the call. To listen to the playback, please call 888-286-8010 within the United States or 617-801-6888 internationally. Please use passcode 22450545. The call will also be webcast and will be available on the Company's web site at www.calypte.com in the Investor Relations section under Webcasts and Presentations.


PLANKTOS CORP (OTCBB: PLKT)
"Up 35.1% on Thursday"

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

Planktos Corp. (OTCBB:PLKT) is a public company engaging in global eco-restoration projects to revive dwindling forests and ocean plankton ecosystems. The company harnesses the power of green plants and photosynthesis to remove CO2 from the atmosphere. Its climate forests in the European National Parks and ocean plankton restoration blooms are intended to produce carbon offsets for sale into both regulated and voluntary climate change markets in the EU and around the world. Learn more about the work of KlimaFa and Planktos by visiting their web sites at www.klimafa.eu and www.planktos.com.

PLKT News:

September 12 - Planktos Corp. Announces Private Placement Funding

Planktos Corp. (OTCBB:PLKT) is pleased to announce that it has secured private placement funding of up to $2,000,000. The Company has recently received $1,100,000 in funding and anticipates receiving the remainder of the $2,000,000 shortly.

The financing is in the form of a direct private placement at $1.00 per share.

Of the $2M, $1.4M is slated to begin the first voyage of the RV Weatherbird II and $600,000 to complete the first-stage planting in Hungary by Planktos’ subsidiary KlimaFa.

During its initial voyage, the Weatherbird II will be engaging in an ambitious project to begin restoring the ocean's ecosystem and in the process generating revenues through the creation of valuable carbon credits.

It is further anticipated that Planktos' majority-owned KlimaFa subsidiary will also begin to generate carbon credits later this year through the planting of indigenous trees in the national forests of Hungary.


TRUE NORTH ENERGY CORP (OTCBB: TNEN)
"Up 26.6% on Thursday"

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

True North Energy Corporation (OTCBB: TNEN) is a publicly traded, independent oil and gas exploration company, with headquarters in Houston, Texas. True North Energy Corporation is focused on development of company's core asset in Alaska. The company is strategically located in the Cook Inlet and Beaufort Sea areas of Alaska and has commenced technical evaluation of its 34,850 acres of petroleum land holdings. True North Energy Corporation trades on the NASD OTC BB under the ticker symbol: TNEN.

TNEN News:

September 12 - True North Energy Announces Agreement for Texas Acquisition and Gas Production

True North Energy Corporation (OTCBB: TNEN), an independent oil and gas exploration company, is pleased to announce that it has entered into a Purchase and Sale Agreement with Prime Natural Resources Inc., ("Prime"), a Texas corporation, to acquire Prime's interests in the Devon Fee Gas Unit and the O'Leary Unit No. 1 in Brazoria County Texas.

On August 31, 2007 our newly formed, wholly owned subsidiary, ICF Energy Corporation ("ICF") entered into a Purchase and Sale Agreement with Prime whereby ICF agreed to acquire certain oil and gas properties and related assets of Prime (collectively the "Assets") located in Brazoria County, Texas for $3,500,000. The Assets include the Devon Fee Gas Unit and the O'Leary Unit No. 1 and cover an aggregate of approximately 1150 acres. The Assets include 2 producing wells with an estimated 2 BCF of recoverable gas reserves and three additional exploration prospects in the Old Ocean Unit in Brazoria County, Texas. The properties are currently producing approximately 1 million standard cubic feet per day of gas and 10 barrels of oil per day, net to the Asset owner. Net cash flow from the assets is approximately $200,000 per month after taxes, royalties and operating expenses. ICF Energy will be the operator of the Devon Fee #1 Well following the closing of the transaction.

"We are very pleased with the opportunity to acquire these assets. We look at this transaction as a first of several that will add proven producing assets, with low risk exploitation potential, to the foundation part of our portfolio. These assets will complement our exploratory efforts in Alaska and Colorado. We anticipate closing the transaction next week." said John Folnovic, True North Energy President and CEO.


MAGNA ENTERTAINMENT (NASD: MECA)
"Up 19.8% on Thursday"

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

MEC, North America's largest owner and operator of horse racetracks, based on revenue, acquires, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops, owns and operates casinos in conjunction with its racetracks where permitted by law. MEC owns and operates AmTote International, Inc., a provider of totalisator services to the pari-mutuel industry, XpressBet(R), a national Internet and telephone account wagering system, as well as MagnaBet(TM) internationally. Pursuant to joint ventures, MEC has a fifty percent interest in HorseRacing TV, a 24-hour horse racing television network and TrackNet Media Group, LLC, a content management company formed for distribution of the full breadth of MEC's horse racing content.

MECA News:

September 13 - Magna Entertainment Corp. Announces Debt Elimination Plan, Funding Arrangement through Private Placement and New Bridge Loan Facility, and the Appointment of New Independent Director

Magna Entertainment Corp. (NASDAQ: MECA; TSX: MEC.A) recently announced that as a result of the completion of its strategic review of assets and operations, a number of important initiatives have been adopted, including:

- adopting a plan designed to eliminate the Company's net debt by December 31, 2008 by generating aggregate proceeds of approximately $600-$700 million from the sale of assets, entering into strategic transactions involving MEC's racing, gaming and technology operations, and a possible future equity issuance, likely in 2008, as well as improving future earnings.

 
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