BURNED MEDIA LIMITED (OTC: BUNM)
"Up 100.00% on Wednesday"

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

Burned Media Ltd. is focused upon the sales of digital music and other digital products and services via various online digital sales channels. Burned Media Ltd. in no way has any rights to, exclusivity with or ownership of Facebook or any of its trademarks, products, platforms or services.

BUNM News:

March 5 - Burned Media Ltd. Gains Approval on Hypster Facebook Application

Burned Media Ltd. (OTC: BUNM), a Digital Music and Media company, announced it has received approval for its Hypster Facebook music discovery application.

After an extended beta period where the company has seen close to 5000 new downloads of the new Hypster music application, the company submitted the software for inclusion into the directory of available applications on the popular social media platform. Approval was received on Tuesday of this week.

The company will work to enhance the application with new features that make it more viral amongst those users downloading the playlist widget and will add new features in coming months to encourage users to maintain and use the application to discover and buy new music, mobile content and event tickets.

INTREPID TECHNOLOGY & RESOURCES (OTCBB: IESV)
"Up 44.83% on Wednesday"

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

Intrepid Technology & Resources, Inc., together with its subsidiaries, operates as a biofuels renewable and alternative energy development and operating company in the United States. The company specializes in developing, constructing, operating, and owning or co-owning a portfolio of projects in the biofuels production and distribution area of the renewable energy sector. It focuses on the production of biofuels, such as biogas, biodiesel, ethanol, and hydrogen that are produced from biomass. It also provides consulting services in various science and technology disciplines, such as nuclear science, renewable energy, material science, construction management, soil science, crop management, and process engineering. In addition, the company offers a range of engineering services. Intrepid Technology & Resources, Inc. is headquartered in Idaho Falls, Idaho.

IESV News:

March 5 - Intrepid Announces Major Bio-Gas Sales Contract

Intrepid Technology and Resources, Inc. (OTCBB: IESV), a renewable alternate energy and soil amendment company, announces that it has signed its first strategic industrial customer for renewable methane gas.

An industrial user near the Company's Whitesides plant has entered into a fixed price contract to purchase ITR's biomethane to replace propane for the upcoming 2008 production campaign which is expected to be underway by the end of March. This contract provides an attractive discount to the user over the cost of propane (currently at $25 per million BTU's) resulting in savings to the industrial customer but at the same time providing a substantially better price to ITR than can be obtained through sales to traditional natural gas customers. While contractual terms negate the opportunity to release actual provisions of the agreement the price will dramatically alter all financial models using previously released contracts and projections and greatly accelerate Intrepid's emergence into profitability and as a major component in the burgeoning alternative energy industry.

By way of comparison, ITR's current pipeline contract ties the price of gas to the Rocky Mountain Natural Gas Index, which is currently at about $8 per million BTU's, or roughly one third the price of propane on an energy equivalent basis.

Industrial plants that do not have access to natural gas lines have historically been forced to use propane. While the price of natural gas has doubled in the last four years, propane prices have tripled. This puts ITR in a unique position to offer an energy source alternative to these "stranded" industrial propane users due to our investment in compressed natural gas trailers which allow us to truck to industrial facilities and still be highly competitive with propane costs. This new customer's demand is a near perfect match for the Whitesides plant output, thus leaving WestPoint gas available for other users — including large propane users — nearer to the WestPoint plant.

Jake Dustin, ITR President stated, "Our ability to market our product in this way is a direct benefit obtained through the extensive Gas Technology Institute testing we recently completed. We have conclusively demonstrated that we not only meet the FERC pipeline quality standards, but we are also able to pass the even more stringent and restrictive DOT gas transport standards. No one else has been able to clear that bar, making us the only biomethane producers in the country who can haul their product over the open road and deliver direct to customers. That's a pretty significant advantage."

Gas production in excess of that used by propane-reliant customers, if any, will be sold to Intermountain Gas under the Company's existing contract. This multiple-contract structure provides considerable flexibility to the Company and will allow us to optimize gas revenues from the plants.

SMITH MICRO SOFTWARE (NASD: SMSI)
"Up 8.03% on Wednesday"

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

Smith Micro Software, Inc. and its subsidiaries engage in the development and marketing of wireless communications software products and services. The company offers products in the technology and communication-related markets, including wireless, mobile music, data compression, and diagnostic and utility software. Smith Micro's products comprise original equipment manufacturer wireless products, such as QuickLink Mobile, V CAST Music Essentials Kit, QuickLink Mobile Manager, QuickLink Music, QuickLink Media, QuickLink Wi-Fi, and QuickLink PhoneManager, which enable or enhance broadband wireless, multimedia services, and management tools offered by wireless operators and mobile device manufacturers. It also offers wireless enterprise product that includes QuickLink Mobile Enterprise, which provides security and support for enterprise customers. In addition, the company offers wireless compression products, such as StuffIt Wireless and StuffIt Image that enable compression of data files to facilitate storage in mobile devices and transmission over wireless networks. Further, Smith Micro offers consumer products, including StuffIt Deluxe, CheckIt Diagnosis, CheckIt System Performance Suite, Spring Cleaning, Internet Cleanup, FAXstf X Pro, HotFax MessageCenter, Personal Image Manager, Personal Photo Manager, and Aquazone, which provide compression, utility, diagnostic, fax, and eBusiness solutions. The company also provides consulting, Web site hosting, and fulfillment services. It offers software products for Windows, Mac, Unix, Linux, and Windows Mobility operating systems. The company serves original equipment manufacturers market, primarily wireless service providers, mobile device manufacturers, hardware manufacturers, and corporations worldwide. Smith Micro sells its products and services through direct sales and indirect distribution models, as well as through Internet. The company was founded in 1982 and is headquartered in Aliso Viejo, California.

SMSI News:

March 5 - Smith Micro Software Reports Fourth Quarter and Fiscal Year 2007 Results

Smith Micro Posts Record Net Revenues of $73.4 Million for 2007

Smith Micro Software, Inc. (NASD: SMSI), a leading developer and marketer of software solutions and services for the wireless market, today reported its 2007 fourth quarter and full year 2007 financial results.

"I am pleased to announce our fiscal 2007 results, the best revenue performance in the history of the Company, with record revenues of $73.4 million for the year," said William W. Smith Jr., President and CEO of Smith Micro Software, Inc. “During fiscal 2007 we were very aggressive in pursuing strategic acquisitions, closing four transactions in 2007 and a fifth in early January with our purchase of the PCTEL Mobility Solutions Group, the largest competitor in our Connectivity & Security business segment. With these acquisitions we have added strategic assets in the form of new technologies, products, customers, and geographic market expansion for our future growth.”

Mr. Smith continued, “During the fiscal year I was very pleased to see our Connectivity & Security business segment show tremendous revenue growth of 100% over 2006. This is a core technology for Smith Micro and a strong contributor to our organic growth. In 2007, we grew our wireless customer carrier base from 3 to 14 of the premier wireless carriers throughout the world, and see this market continuing to perform well in 2008, as wireless carriers offer new products to broaden their customer reach, and as enterprise level customers begin deploying wireless solutions. We also saw solid revenues in the Multimedia Group and a strong contribution from our Consumer business lines. The recent acquisition of e frontier, Inc.’s assets has expanded our market reach into the fast growing consumer and prosumer graphic marketplace. We expect to see continued growth throughout 2008 in all these markets.”

Mr. Smith concluded, “Throughout the fiscal year we made significant strides to expand our portfolio of wireless solutions, expand our overall customer base, and build upon our leadership as the premier wireless software solutions company. For the first time in the Company’s history we are adopting a policy of providing annual revenue guidance, and expect our net revenues for fiscal 2008 to be between $95 million and $105 million. We believe this guidance will better ensure that cohesive and consistent expectations can be developed within the investment community. As we look to 2008 and beyond, we remain extremely excited about the opportunities ahead, as we have positioned the Company for long term growth and profitability.”

For the fiscal year ended December 31, 2007, the Company reported record net revenues of $73.4 million; a 35% increase over the $54.5 million reported for the fiscal year ended December 31, 2006. Accompanying significant revenue growth, gross margins also improved significantly year on year, from 63% in 2006 to 72% in 2007 on a GAAP basis. Diluted earnings per share were $0.10 for 2007 versus $0.35 for 2006, due primarily to large non-cash GAAP tax charges in 2007, amortization related to acquisitions closed during the year and stock compensation related expenses. Non-GAAP diluted earnings per share, adjusted for such items, were $0.84 for 2007 compared to $0.69 for 2006, an increase of 22%.

Total cash and cash equivalents at December 31, 2007 was $87.5 million, compared to $92.5 million at December 31, 2006. Diluted shares outstanding as of December 31, 2007 increased to 31.0 million as compared to 25.3 million shares outstanding as of December 31, 2006.

Smith Micro reported net revenues of $20.0 million for the fourth quarter ended December 31, 2007, a 16% increase when compared to the $17.2 million reported in the fourth quarter of 2006. Complementing the increase in revenues, gross margins increased from 68% to 77% on a GAAP basis. Diluted EPS for the fourth quarter were $0.02 for 2007 as compared to $0.14 for 2006, which was impacted by non-cash tax charges, amortization related to acquisitions completed during the year and stock compensation related expense. Netting out such items to provide a comparable view, non-GAAP earnings per share for the fourth quarter were $0.25 for 2007 as compared to $0.26 for the same period in 2006.

The Company uses a non-GAAP reconciliation of net income and earnings per share in the presentation of financial results in this press release. Management believes that this presentation may be more meaningful in analyzing our income generation, since amortization of intangibles from acquisitions, stock-based compensation, and non-cash tax expense are excluded from the non-GAAP earnings calculation. This presentation may be considered more indicative of our ongoing operational performance. The tables below present the differences between non-GAAP earnings and net income on an absolute and per-share basis. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP, and the non-financial measures as reported by Smith Micro Software may not be comparable to similarly titled amounts reported by other companies.

FRONTIER ENERGY (OTC: FRGY)
"Up 31.58% on Wednesday"

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

Frontier Energy Corporation, through its wholly owned subsidiary, Frontier Energy Resources Corp., engages in the acquisition, exploration, development, and operation of oil and gas reserves primarily in the Central Alberta region of Canada. It has 100% working interest on 160 acres of land situated in the Pembina Oil Field in Alberta, Canada. The company was founded in 1986 and is headquartered in North Las Vegas, Nevada.

FRGY News:

March 5 - Frontier Energy Corporation Completes Lease Acquisition

Frontier Energy Corporation (OTC: FRGY) ("Frontier" or the "Company") announced completion of its lease acquisition on its Black Forest prospect, located in Crook County, Wyoming. The company owns an undivided 25% working interest in this property with the option to increase its working interest to 75%, based upon completion of the terms of the previously stated joint venture agreement.

The target in this well-defined structural prospect is a reservoir in the Cambrian formation at approximately 4,000 ft., which is believed to contain major oil reserves. Drilling sites in surrounding areas of the Black Forest property have exhibited encouraging gas and oil shows in the samples from comparable Cambrian zones. The calculated possible reserves are approximately 13.9 Million barrels per section and a total reserve projection of approximately 100 million barrels of oil, based upon production of surrounding properties.

In conjunction with the company's joint venture partner, Frontier is expecting to commence drilling on the Black Forest property in the 2nd Qtr of 2008.

Frontier will be looking to announce, in the near future, additional leases from existing and developing oil reserves in other areas to solidify near- and long-term cash flow for the company.

Frontier Energy CEO Bob Genesi comments, “We are completing and implementing our business plan at a quicker pace than expected. We look forward to announcing these exciting developments of what the Frontier team has accomplished and is accomplishing, in the very near term."

SAO LUIS MINING INCORPORATED (OTC: SAOL)
"Up 21.43% on Wednesday"

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

Sao Luis Mining, Inc. is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin with their joint venture partner, SL Mineradora LTDA. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's Web site www.saolmining.com.

SAOL News:

March 5 - Bulk Sampling Program Reported That 8423 Carats of Diamonds Were Recovered in 2007 on Property 117; In February 2008 a Sample Parcel of 2305 Carats Was Sent to an American Based Diamond Cutter for Evaluation

Sao Luis Mining, Inc. (OTC: SAOL) (Frankfurt: F5G.F) (www.saolmining.com), a diamond mining and precious metals exploration company, reports that the bulk sampling program on Property 117 produced a total of 8423 carats of diamonds in 2007. The final report was filed within just a year of the Company receiving government approval to conduct experimental mining to validate the economic viability of Property 117. Based on the amount and quality of diamonds that the bulk sampling produced, together with extensive geologic documentation, the Company filed for the permanent mining permit on October 19, 2007.

In February of 2008 the Company exported a 2305 carat parcel to an American based diamond cutter for evaluation. The lot contained a 3.05 carat gem including some smaller pink diamonds, along with the run of mine production. President and Chairman Michael Dillon commented, "We are very pleased with the results from property 117 considering the quantity, quality, and size of the diamonds recovered in the bulk sampling program. We know the Company will be recovering larger and high-quality diamonds based on our initial results that are consistent with other tests carried out this year on Property 117."

The bulk sampling reached grades up to 1.05 carats per cubic meter including the recovery of a 6.5-carat gemstone and a 10.2-carat near-gem quality diamond. Other large diamonds recovered on the property weighed 7.33, 6.98, 4.76 and 4.45 carats. Results from the test mining conducted on the Company's Joint Venture Property 117 further validates the viable diamond mining potential of the 859.38 hectares (approximately 2074 acres) site.

Property 117 is adjacent to Sao Luis Mining's JV Property 231 that already has a defined diamond surface resource of over 12.7 million carats of diamonds, exclusive of the additional resources contained below the surface. These two properties encompass 2728.38 hectares, or 6742 acres, that the company anticipates should result in substantial diamond recovery for the next two decades and probably far beyond that.

PACKETEER INCORPORATED (NASD: PKTR)
"Up 27.98% on Wednesday"

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

Packeteer, Inc. provides wide area network (WAN) application delivery systems to enterprise customers and service providers. The company offers PacketShaper that provides application traffic monitoring and enables service providers to create differentiated services through bandwidth provisioning and management. It also offers Shaping Module for PacketShaper, a software option to provide application-based traffic and bandwidth management for delivering predictable performance for applications running over the WAN and the Internet; Compression Module for PacketShaper, a software option to provide increased throughput for application traffic; and Acceleration Module for PacketShaper, a software option to overcome the latency issues associated with transmission control protocol and hypertext transfer protocol over the WAN. In addition, the company provides PolicyCenter, a directory-based policy management application that enables its customers to centrally administer and update policies, software versions, and device status for Packeteer-based networks; and ReportCenter, an application to aggregate metrics from large deployments and create organization?wide reports to manage trends and provide support for capacity planning and usage analysis. Further, it offers iShared products that provide wide area file services with CIFS acceleration; SkyX products and technologies to improve the performance of the Internet and private network access, accelerating applications for high capacity data center to data center links that are found in disaster recovery architectures, as well as over satellite and long-haul networks; and Mobiliti software products to provide solutions for the mobile and SOHO users. It sells its products through distributors, resellers, and system integrators in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company was founded in 1996 and is headquartered in Cupertino, California.

PKTR News:

March 5 - Elliott Offers to Acquire Packeteer for $5.50 Per Share

Offer Represents a Significant, 42% Premium to Market Price; Provides Shareholders Immediate, Quantifiable Value

Elliott Associates, L.P. (together with funds under common management), a major, long-term shareholder of Packeteer, Inc. (NASD: PKTR), sent the following letter to the Board of Directors of the company:

March 5, 2008

The Board of Directors
Packeteer, Inc.
10201 North De Anza Blvd.
Cupertino, CA 95014-2028

Dear Members of the Board of Directors:

We are once again writing to you, this time publicly, on behalf of Elliott Associates, L.P. and Elliott International, L.P. ("Elliott" or "we"), which collectively own 9.8% of the common stock of Packeteer, Inc. (the "Company" or "Packeteer"). As you know, over the past year, we have written you numerous letters, spoken with several of you many times and talked at length with management regarding our concerns about the Company.

Despite our efforts, we have never received an invitation to discuss our thoughts with the Board and, more importantly, the Board has never formally addressed our concerns, which we suspect are shared by most of your other shareholders.

We believe Packeteer's poor performance -- as reflected in the 37% decline of its stock price year-to-date and 67% decline over the past twelve months -- is the result of weak execution in terms of selling and developing its industry-leading products.

Elliott is therefore prepared to offer to acquire the Company for a price of $5.50 per share in cash. This represents a 42% premium to yesterday's closing share price and, given that over half of the Company's market capitalization is reflected in its net cash position, is a 95% premium to Packeteer's enterprise value (market value less cash). This is also a 19% premium to the trailing 30-day closing price (34% on an enterprise value basis).

Our offer is compelling. It provides shareholders immediate, quantifiable value, which we do not believe Packeteer could achieve in today's challenging economic environment given its history of inconsistent execution. Furthermore, our offer provides certainty, as it would be subject only to customary closing conditions and would not be subject to any financing condition. Considering Packeteer's underperformance in terms of stock price and execution in relation to its peers, we believe this is an extremely attractive alternative for shareholders.

It is our strong preference to work together immediately to negotiate a definitive merger agreement. From our perspective, the benefits to your employees and shareholders should provide a meaningful impetus for you to seriously investigate this opportunity. Nonetheless, if you choose not to engage with us, we are prepared to proceed promptly with an offer directly to your shareholders. We and our counsel, Paul, Weiss, Rifkind, Wharton & Garrison LLP, are available immediately to discuss the terms of our proposal and to negotiate a definitive agreement with you. We hope to receive a favorable response from you promptly.

As one of your largest shareholders, we personally thank the employees of Packeteer for their hard work and look forward to working together to maximize the value of the Company's technology in the near future.

This letter is not intended to create or constitute any legally binding obligation, liability or commitment by us regarding the proposed transaction and there will be no legally binding contract or agreement between us unless and until a definitive agreement is executed.

We look forward to hearing from you.

Sincerely,

Jesse A. Cohn

ABOUT ELLIOTT ASSOCIATES

Elliott Associates, L.P. and its sister fund, Elliott International, L.P. have more than $9.8 billion of capital under management. Founded in 1977, Elliott is one of the oldest hedge funds under continuous management. The Elliott funds' investors include large institutions, high-net-worth individuals and families, and employees of the firm.