Odyssey Oil & Energy (OTCBB: OOGI) $0.50. Odyssey Oil & Energy/ Today announced that the Algae Bio-fuels / Carbon Capture pilot plant at the Boschoek smelter is running and has successfully completed a variety of tests. The Algae is growing rapidly and being harvested on a regular basis thereby meeting the goals of carbon capture and creating lipids to be converted into bio-fuel.
ALG Western Oil (Pty) Ltd, a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE: XTA), the world's largest producer of ferrochrome in a project at one of Xstrata's ferrochrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions thereby creating carbon credits.
Currently all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators, (with the aid of sunlight and some nutrients, through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
What They Do: Odyssey Oil and Energy (OOGI) is a green technology company with two separate operating entities, one deals in carbon sequestration and one deals in advanced battery technology.
ALG Bio Oil Ltd., is a wholly owned subsidiary that focuses on the bio-fixation of carbon dioxide emissions from various industrial processes to produce carbon neutral products and the release of oxygen into the atmosphere.
ALG is currently operating in a joint venture with Xstrata PLC the world’s largest producer of ferrochrome in a project at one of Xstrata's Ferro-chrome smelters near Rustenburg in South Africa to capture and sequestrate the CO2 off gas emissions. Currently all the (CO) carbon monoxide off gas from the ferrochrome smelters is flared to (CO2) carbon dioxide and released into the atmosphere.
H-Power (Pty) Ltd., is 51% owned by OOGI, it has advanced battery technology and know-how to jumpstart a new wave of battery knowledge globally with registered patent rights. This innovation not only revolutionizes the functionality of conventional battery power but also provides for novel methods of using battery power with the added potential of reducing CO2 emissions and thereby also reducing conventional energy’s overall carbon footprint.
El Paso Corporation (NYSE: EP) $10.13. Today announced that it has executed a binding agreement with Global Infrastructure Partners (GIP) whereby GIP will acquire a 50 percent interest in the Ruby Pipeline project.
"We are pleased to have Global Infrastructure Partners join us in the Ruby project," said Jim Cleary, president of El Paso's Western Pipelines. "We continue to make excellent progress on Ruby, and we look forward to it being one of the key assets in our pipeline franchise."
What They Do: El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. The company owns North America's largest interstate natural gas pipeline system and one of North America's largest independent natural gas producers.
Pre-Paid Legal Services (NYSE: PPD) $51.62. Today announced results for the second quarter ended June 30, 2009. Net income for the second quarter of 2009 increased 5% to $15.8 million from $15.1 million for the prior year's second quarter. Diluted earnings per share increased 15% to $1.44 per share from $1.25 per share for the prior year's comparable quarter due to an increase in net income of 5% and a 9% decrease in the weighted average outstanding shares. Membership fees in the second quarter of 2009 decreased 4% to $105.6 million from $109.5 million for the same period last year.
What They Do: Pre-Paid Legal Services, Inc. designs, underwrites, and markets legal expense plans in the United States and Canada.
Travelzoo Inc. (Nasdaq: TZOO) $13.13. Today announced 2nd Quarter 2009 results. Revenue of $24.3 million, an increase of 12% year-over-year. Operating profit was $1.6 million. Net loss was $191,000, with diluted loss per share of $(0.01), down from diluted loss per share of $(0.08) in the prior-year period.
“In the second quarter, we accelerated marketing for the Travelzoo and Fly.com brands. We are taking advantage of attractive prices for media and are beginning to build-up our new product, Fly.com. This negatively impacted reported earnings per share by approximately $0.07 versus the previous quarter,” said Holger Bartel, CEO of Travelzoo. “The number of subscribers to our publications grew during the second quarter by 1.3 million to 16.7 million. This is the largest quarterly increase in subscribers in Travelzoo’s history. Our mission remains to provide our subscribers with the highest quality information on outstanding deals in travel and entertainment.”
What They Do: Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 16 million travel enthusiasts in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Spain, Taiwan and the U.K., include the Travelzoo® Web site, the Top 20® list, the Newsflash™ e-mail alert service, the Travelzoo Network™, the SuperSearch™ search tool, and the Fly.com™ search engine.
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