Dallas TX 10/9/2009 2:12:16 AM
News / Business

MFLI, MDOR, BMGP, GELV, NVSR, FORC, JAGR, MPPC, ZMTP, PCAI, PMDP, LLEG, HRNF, MYNG OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, October 8th

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

Our Stocks to Watch today include Muscle Flex Inc. (OTC: MFLI), Magnum D'Or Resources Inc. (OTCBB: MDOR), Biomagnetics Diagnostics Corp. (OTC: BMGP), Green Energy Live Inc. (OTCBB: GELV), NavStar Technologies Inc. (OTC: NVSR), Force Energy Corp. (OTCBB: FORC), Jaguar Mining Enterprises Inc. (OTC: JAGR), myPhotopipe.com Inc. (OTC: MPPC), Zoom Telephonics Inc. (OTCBB: ZMTP), Petroleum Consolidators of America Inc. (OTC: PCAI), Plateau Mineral Development Inc. (OTC: PMDP), Laidlaw Energy Group Inc. (OTC: LLEG), Heathrow Natural Food & Beverage Inc. (OTC: HRNF) and Golden Eagle International Inc. (OTCBB: MYNG).

 

Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover’s Digest Newsletter and Email Stock Watch Alerts.

 

MUSCLE FLEX INCORPORATED (OTC: MFLI)

"Up 4.35% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/muscle-flex-inc.htm

 

Muscle Flex Inc. brings new products to market using direct response TV infomercials specializing in the health, fitness, wellness and hygiene sectors. As well, Muscle Flex Inc. develops and creates general television content for network and cable television distribution. Muscle Flex's corporate strategy is to develop new and innovative products for sale and distribution via its proprietary direct response marketing system and the creation of television media and shows for general network and cable broadcast.

 

MFLI News:

 

October 8 - Muscle Flex Developing a Strong Product Portfolio in the 'Water' Category to Include Filtration, Bottled Water and Health Infused Water

 

Muscle Flex Inc. (OTC: MFLI) (www.MuscleFlexInc.com) announced that it is developing a strong portfolio of "Water" related products to market using its direct response, online ecommerce and traditional retail methods. Muscle Flex® regards "Water" as potentially the most important ingredient in maintaining a healthy lifestyle and it is estimated that as much as 75% of Americans do not drink enough good clean water. Water consumption is one of Danny Alex's, the CEO and Founder of Muscle Flex Inc., 30 fitness rules to living a better and healthier lifestyle. Muscle Flex is developing a several water related products and will be included as one of Muscle Flex's main product categories.

 

Muscle Flex is currently finalizing an at-home water filtration product it expects to retail from between $19.95 - $29.95 that it intends to market via a 2 minute short form commercial. Muscle Flex is developing a comprehensive list of "Water" related products from easy at-home and on-the-go filtration products to bottled water and water that is infused with additional nutrients and enhanced benefits.

 

The benefits of drinking ample amounts of water are numerous:

 

* Dehydration can slow down one's metabolism as much as 3%

* One glass of water can shut down midnight hunger angst.

* Lack of water is considered the primary reason for daytime fatigue.

* Research indicates that 8-10 glasses of water a day could significantly ease back and joint pain for up to 80% of sufferers.

* A mere 2% drop in body water can trigger fuzzy short-term memory, trouble with basic math, and difficulty focusing on the computer screen or on a printed page.

* Drinking ample amounts of water daily has been found to decreases the

risk a number of negative human conditions and diseases.

 

"Water products are a major focus for Muscle Flex Inc.," commented Danny Alex. "If people drank 1 or 2 glasses of water when they felt sluggish, tired or fatigued, within minutes they would feel revived and come alive. Water is something that everyone MUST drink and everyone understands the importance of it. Muscle Flex will be a one-stop provider of real-life 'Water' solutions for people ... solutions that are innovative and that can easily be applied to anyone's lifestyle. Becoming and staying healthy is all about simple one-step at a time lifestyle changes that take hold and stick as permanent lifestyle changes. As with the majority of Muscle Flex products, the Muscle Flex lifetime guarantee will apply to our water related products. It shows our commitment to quality as well as building the brand name, Muscle Flex, that people trust and hold in high regard. Unequivocal consumer trust in Muscle Flex and in all Muscle Flex brands is critically important as an over-all corporate mission."

 

MAGNUM D'OR RESOURCES (OTCBB: MDOR)

"Up 3.15% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/magnum-resources/magnum-resources.htm

 

Magnum d'Or Resources, Inc. focuses in operating in recycling and waste management sectors. It intends to develop facilities that produce rubber powders, thermoplastics, and thermoplastics elastomers. Magnum holds licensing rights to various patents that would allow rubber to be devulcanized, specialty blend EPDM powders, and EPDM compounds. The company was founded in 1999 and is based in Ft. Lauderdale, Florida.

 

MDOR News:

 

October 8 - Magnum's Multiple Stage Shredding System Arrives at the Hudson, Colorado Site as Magnum Prepares to Begin Recycling Operations

 

Magnum D'Or Resources, Inc. (OTCBB: MDOR) announces the arrival of one of its large turnkey complete shredding and chipping system for its Hudson, CO site. This system is self contained but will be used as a plug and start electric driven system. Operational start-up and testing is anticipated shortly with initial operations commencing upon State and County review in the coming days at the facility.

 

With this new system in place at the site, Magnum Recycling USA can prepare to commence initial operations. This will include acceptance and processing of scrap tires at the facility which will allow for immediate revenues and cash flow for the company from the scrap tire disposal fees. Magnum expects to receive OTR tires almost immediately and auto & truck tires within the next several weeks. Schedule fees range from 5 to 10 cents per pound for light tires and 10 to 15 cents per pound for large Industrial or OTR tires. Visit http://magnumresources.net/usa to view all the pricing.

 

Magnum Recycling USA will also soon begin to shred previously disposed tires at the site as time permits in order to prepare raw feed product for the rubber powder production lines Magnum Engineering International ('MEI') will be developing and installing.

 

Additionally, MEI has commenced design and engineering work with its affiliates to develop a State of the Art Rubber Recycling plant at the Hudson, Colorado facility. It will utilize a variety of high technology applications and solutions, which will result in a profitable business model that assures quality, excellence and continual improvement of environmental performance.

 

MEI is also working closely with Magnum/SRI during development of the Hudson plant in order to determine the optimum solution for planned production of powders and 'Next Generation' custom compounds at other sites and facilities.

 

President of Magnum, Joseph Glusic, stated, "We are extremely excited about the delivery of equipment at the Hudson site and look forward to the near future when all our operations will be in progress. It will be very interesting to watch this site take shape over the next several quarters to become one of the world's most advanced recycling operations. The opportunity to develop next generation technology and process applications seems limitless. Again, I would like to commend all those involved in supporting our transition, especially the State and County officials and staff members that have been extremely helpful during this period. These are exciting times indeed for Magnum as we begin to build upon our foundation and execute our business plan."

 

October 7 - Magnum Engineering International Launches New Corporate Website and Image to Better Inform Its Worldwide Presence

 

Magnum D'Or Resources, Inc. (OTCBB: MDOR), a next generation rubber recycling Solutions Company, wholly owned subsidiary, Magnum Engineering International, Inc. ('MEI') debuts its new corporate image.

 

Shareholders and prospective clients are invited to view the new site by visiting www.magnumei.com where they will find easy access to all of the Company's latest news and published information. "We hope that this new website will assist shareholders and interested parties to better understand our business and opportunities," stated a MEI company representative.

 

MEI's website will be updated regularly and will provide current, potential, and future clients and investors with all the necessary information in relation to current and future projects and solutions.

 

"I am pleased to announce this is just one more step taken to further enhance MDOR's Worldwide Corporate image," stated Magnum's CEO Joseph Glusic.

 

Furthermore, updates can be expected in the very near future which may include key agreements and trade show participations.

 

Magnum Engineering International To Provide Solutions for Magnum's USA and Canadian Operations

 

MEI to assume International Negotiations currently being conducted by MDOR

 

Magnum d'Or Resources, Inc. (OTCBB: MDOR), new division, "Magnum Engineering International, Inc. ('MEI')," announces strategic plans.

 

Magnum Engineering International ('MEI') is a wholly owned subsidiary of Magnum d'Or Resources ('MDOR'). Together with its affiliates MEI will develop turnkey plants and complete environmental solutions using a profitable business model that assures quality, excellence and continual improvement of environmental performance. MEI possesses the capacity to provide a complete range of 'one stop' services to its clients; no longer do clients have to deal with multiple sources for their needs, MEI can coordinate it all.

 

MDOR is awaiting delivery of the initial equipment necessary to commence work on the Colorado site. During this same period MEI will commence work on developing a full functioning recycling plant in Colorado using the latest available technology. MEI intends to develop this plant while working closely with Magnum/SRI to determine the optimum solution for the output.

 

MEI will also assume all responsibilities, including all inquires, discussion and International negotiations currently being conducted by MDOR in relation to third party recycling solutions.

 

MDOR CEO Joseph Glusic stated, "Since the establishment of Magog and the more recent release of results relating to Magnum/SRI, as well as, the acquisition of one of the largest tire Monofills in the world, we have gained significant recognition in the tire recycling industry. Due to the most current events alone we have been receiving a huge volume of inquiries from national and international companies regarding assistance for solutions to their tire recycling issues. We are currently in negotiation with several of those companies regarding various levels of services and support. Magnum Engineering International (MEI) has now been given the task and the responsibility of handling third party inquires and solutions in addition to assisting the Magnum group with all technical and engineering services."

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

"Up 14.06% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/biomagnetics-diagnostics.htm

 

Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.

 

BMGP News:

 

October 8 - Biomagnetics Diagnostics Appoints Charles Gregoire de Rothschild Special Advisor to Board

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a producer of revolutionary diagnostic systems and technology for malaria, tuberculosis HIV and hepatitis testing, announced the appointment of international financier Charles Gregoire de Rothschild to the role of special advisor to the Company's board of directors. Mr. de Rothschild will support Biomagnetics’ continuing global expansion efforts by leveraging his extensive domestic and international financial expertise.

 

“Western countries are finally waking up to the ongoing malaria crisis, which claims more than one million lives each year, commented Mr. de Rothschild. “While there have been some notable gains in malaria prevention over the past few years, the area of malaria testing and diagnostics has progressed very slowly. The world is in desperate need of low-cost, field deployable tools to diagnose malaria.”

 

For nearly 100 years, the direct microscopic visualization of the malaria parasite on blood smears has been the accepted method the diagnostics of malaria in most settings. This process must usually be performed in a laboratory setting by trained personnel. While field deployable, non-microscopic tests have been introduced, the efficacy of these tests is often called into question.

 

Mr. de Rothschild continued, “I and my investment firm, GDR Privee, wish to do our parts to advance this area of research by providing support to develop better diagnostic tools. We have reviewed the technology under development by Biomagnetics Diagnostics and believed it to be revolutionary holding the potential to cut the cost of testing by nearly two thirds. Additionally, because the technology is handheld, portable and easy to use, testing can be conducted by relatively untrained medical personnel. We believe the development of this technology could potentially save tens of thousands of lives each year and we wish to help speed its entry to market. I am proud to have become a major shareholder in Biomagnetics Diagnostics Corporation.”

 

According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. Early detection substantially improves treatability and survivability. Field deployable integrated optical biosensor systems, such as those under development at Biomagnetics Diagnostics, hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs.

 

October 7 - Biomagnetics Diagnostics Subject of a New Research Report

 

Report Outlines a $0.75 to $1.10 Per Share Valuation

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced the Company is the subject of a new research report issued by Emerging Growth Research, LLP. The report outlines the Company’s growth prospects in the next generation medical diagnostics systems market with a particular emphasis on integrated optical biosensor systems that Biomagnetics plans to soon introduce into the malaria and bovine tuberculosis testing markets. A full copy of the report can be viewed at:

 

www.thesmallcapinvestor.com/tsci_details.php?id=54.

 

“We are very pleased to have this report available to current and prospective investors. We are planning to introduce some groundbreaking testing and diagnostic capabilities over the next few months and this report does an excellent job in explaining our strategies,” commented Clayton Hardman, CEO of Biomagnetics. “We also find it exciting that the report outlines a valuation of approximately $0.75 to $1.10 per share upon introduction of the advanced malaria and bovine tuberculosis sensors.”

 

According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. TB (tuberculosis) is the second leading cause of death from infectious disease worldwide. Bovine TB is a growing problem through out the world with an estimated 1.3 billion cattle at risk. In the United States, where the cattle industry is valued at $60 billion annually, the use of existing diagnostic tests currently add $5.00 to $15.00 on average per head to the cattle industry's costs. Field deployable Integrated Optical Biosensor Systems (IBOS), such as those Biomagnetics Diagnostics is planning to soon introduce hold the promise of significantly speeding up the diagnostic testing process and meaningfully lowering costs and improving lives.

 

GREEN ENERGY LIVE INCORPORATED (OTCBB: GELV)

 

Detailed Quote: www.otcpicks.com/quotes/GELV.php 

 

Company Profile: http://www.otcpicks.com/green-energy-live.htm 

 

GELV is a fully reporting, publicly-listed engineering and technology company focused on developing and commercializing renewable energy gasification systems that convert biomass wastes, currently being dumped in land-fills, into fuel and other valuable co-products. What is unique about GELV is that its technology can rapidly and economically be deployed to the waste site rather than vice versa. Thus, a customer's specific needs are addressed through a complete equipment package with the smallest ecological footprint.

 

GELV News:

 

October 7 - Green Energy Live Patent for Liquefaction Technology Accepted

 

Green Energy Live (OTCBB: GELV) announced that the United States Patent Office accepted the company's patent for liquefaction technology. The official patent number is US 7,559,537. Karen Clark, CEO of Green Energy, commented, "The acceptance of our patent is another positive development for our company and shareholders, as our competitive position in the market place is further strengthened."

 

"One of the major problems with existing systems used to create alternative bio-fuels are their large size, not to mention the tremendous cost of hauling the feedstock to the plant," said Ms. Clark. "By integrating multiple components of the process, our technology eliminates the need for the expensive, extensive and potentially explosive connecting pipelines and turbine pumps that are commonly used now. Furthermore, because we can scale down the liquefaction process, it may now be brought directly to the source of feedstock — the farm, thus further reducing the ecological footprint of the system."

 

NAVSTAR TECHNOLOGIES INCORPORATED (OTC: NVSR)

"Up 20.00% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/navstar-technologies/navstar-technologies.htm

 

NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.

 

NVSR News:

 

October 8 - Major Breakthrough for NavStar in the Middle East

 

NavStar Technologies, Inc. (OTC: NVSR), a firm focused on developing and commercializing multi-national asset tracking and monitoring devices for vehicles and high value cargo, announced a major breakthrough in the Middle East. Details will be provided to shareholders in the next 5 to 7 days.

 

FORCE ENERGY CORPORATION (OTCBB: FORC)

 

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

 

Company Profile: http://www.otcpicks.com/Newsletter/FORC_eProfile_100709.htm

 

Force Energy Corp. is an Oil & Gas Exploration and Development Company based in Denver, CO with a focus on Wyoming. Using a geology-based methodology, the US Geological Survey estimate a mean of 2.4 trillion cubic feet of undiscovered natural gas and a mean of 41 million barrels of undiscovered oil in the Wind River Basin Province of Wyoming. Force Energy Corp. has acquired 75% working interest in the Diamond Springs Prospect located within this prolific area.

 

FORC News:

 

October 7 - Force Energy Corp. Announces $5 Million Equity Financing

 

Force Energy Corp. (OTCBB: FORC) (Frankfurt: FC2) (hereafter "Force", "the Company"), announced that the company has entered into a financing agreement with Banque SCS Alliance, whereby the Swiss based banking group will invest up to $5 million into Force Energy Corp.

 

The financing agreement is equity based and market condition dependent. The agreement may be receded by either party with 30 days notice. Funds will be used to advance drilling activities on the Diamond Springs Prospect as well as for general working capital and investment purposes. Force Energy has secured only traditional equity financing.

 

"We are pleased to have Bank SCS Alliance in our corner." Said Rahim Rayani, President & CEO of Force Energy Corp. "This financing agreement will allow the Company to execute on our plans to explore and develop the Diamond Springs Prospect."

 

The securities offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements.

 

JAGUAR MINING ENTERPRISES INCORPORATED (OTC: JAGR)

 

Detailed Quote: www.otcpicks.com/quotes/JAGR.php 

 

Company Profile: http://www.otcpicks.com/jaguar-mining/jaguar-mining.htm 

 

Jaguar Mining Enterprises, Inc. is an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico. The Company specializes in the exploitation of iron ore mines with proven reserves. The Company's strategy is to locate, acquire and develop mine locations that contain sufficient quantities of iron ore and require minimal start-up costs.

 

JAGR News:

 

October 7 - Jaguar Mining Enterprises Schedules Meeting on Cascaronal Mine

 

Jaguar Mining Enterprises, Inc. (OTC: JAGR), an independent mining company engaged in the acquisition, development, and exploitation of iron ore primarily mined in Mexico, announced that it has scheduled a meeting with all mining project personnel in anticipation of the receipt of the permit for the Cascaronal Mine.

 

"A number of topics will be discussed including extraction schedule, local labor force requirements, as well as the confirmation of existing agreements related to the project," said Dale Williams, President of Jaguar Mining Enterprises, Inc. "Addressing these items and reviewing potential issues now will help to ensure a smooth transition when this project shifts into the production stage."

 

MYPHOTOPIPE.COM INCORPORATED (OTC: MPPC)

 

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

 

Company Profile: http://www.otcpicks.com/myphotopipe/myphotopipe-2.htm

 

MyPhotopipe.com Inc. is a US-based provider of online digital photo processing and related services catering to high-end amateur and professional photographers. The Company’s primary web portal is www.myphotopipe.com. Its services include photo finishing and printing, online sharing, photo books, digital photo templates, and online hosting and selling of photographs. The Company provides services to more than 18,500 professional and high-end amateur photographers nationwide; more than 190,000 copies of its software have been downloaded and are in use.

 

MPPC News:

 

October 8 - myPhotopipe.com Reports Record September Revenues, Record Third Quarter Revenues

 

myPhotopipe.com, Inc. (OTC: MPPC) announced record revenues for the month of September and the third quarter of 2009.

 

For the three months ended September 30, 2009, revenues totaled $411,499, which represented an increase of 2.7% when compared with sales of $400,484 in the third quarter of the previous year. Revenues for the month of September 2009 increased 17.6% to $136,638, compared with $116,096 in September 2008.

 

myPhotopipe.com attributes much of its recent growth to initiatives that were set into motion approximately 80 days ago, including the Company's launch of an all-new online ordering platform with enhanced digital technologies, its entry into photo gifts through a previously announced partnership with IYP, and a sharp increase in the Company's marketing cycle. The Company now maintains a flow of product information, special promotions, and news regarding educational workshops to its customers on a weekly basis versus a monthly basis in the past, reflecting the pace of the Internet and the rapidly evolving nature of online digital photo media.

 

"This is exactly where we hoped to be," observed myPhotopipe.com's Chief Financial Officer, Bill LeRoy. "We came in three months ago to supercharge this company. We wanted to quicken the marketing pace, broaden the product line, and roll-out technologies that made the online experience faster and easier. We had our first indication that we were moving the needle in the right direction when our August sales set record levels. An even stronger September allowed us to record a successful third quarter and let us know that we're on to something here. We think the digital photo space — particularly the professional segment — is entering a growth phase similar to what online music enjoyed several years ago, and our recent revenue growth suggests that we are well-positioned to be a major player in this space."

 

The Company expects to report its full operating results for the third quarter and first nine months of 2009 within the next several weeks.

 

ZOOM TELEPHONICS INCORPORATED (OTCBB: ZMTP)

"Up 103.12% in morning trading"

 

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

 

Zoom Telephonics, Inc. designs, produces, and supports 3G modems and routers, ADSL modems and gateways, cable modems, dial-up modems, Voice over IP adapters and gateways, Bluetooth products, and other communications products under the Zoom, Hayes and Global Village brands.

 

ZMTP News:

 

October 7 - Zoom Telephonics Details Its 3G Mobile Broadband Product Plans

 

Zoom Telephonics, Inc. (OTCBB: ZMTP) announced its plans to be a significant supplier of 3G mobile broadband products. The first three products in Zoom's new 3G mobile broadband line begin volume shipment in early to mid-October, and additional 3G products are planned.

 

3G mobile broadband uses the cellular phone network for high-speed data transmission wherever those services are available, with significant benefits to users in offices, homes, construction sites, trade show, parks, hotels, airports and more.

 

Some industry experts expect 3G modem data traffic to more than double every year from 2009 through 2012.

 

Zoom plans to use its expertise in communication products and established Zoom market channels as a springboard for success in the 3G mobile broadband area. Zoom will have modems, routers, and other products for both GSM and CDMA cellular services. GSM is used by AT&T, T-Mobile, and most operators worldwide. CDMA is used by Verizon Wireless, Sprint, and some operators outside the USA.

 

In early to mid-October Zoom will begin volume shipment of a 3G mobile broadband modem, a 3G travel router, and a 3G desktop router. Details will be provided when each product begins volume shipment.

 

"This is a big, fast-growing market," said Frank Manning, Zoom's President and CEO. "We will have significant competitors including Huawei, Novatel Wireless, Sierra Wireless, and ZTE. However, all these companies focus their efforts on the cellular service providers. Zoom, on the other hand, has strong ties to its retailer and distributor customers; and we will use our experience with these customers to drive sales. The result will be exciting new products that maximize flexibility and user choice in services, and that are easy to use, reasonably priced, and fully supported by Zoom's Boston-based engineering and support teams."

 

PETROLEUM CONSOLIDATORS OF AMERICA (OTC: PCAI)

"Up 23.46% in morning trading"

 

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

 

Petroleum Consolidators of America, Inc. is a gasoline station/convenience store operator which is implementing a targeted acquisition strategy to create a portfolio of consolidated retail gasoline facilities, producing oil wells and a wholesale fuel distributorship that will benefit from substantial operating efficiencies.

 

PCAI News:

 

August 11 - Petroleum Consolidators Engages a Clearwater, Florida-Based Broker-Dealer for a Fifteen Million Dollar Financing

 

Petroleum Consolidators of America, Inc. (OTC: PCAI), a gasoline station/convenience store operator, announced today that the company has entered into a capital raising agreement with a Southwest Florida-based Broker-Dealer for a $15,000,000 financing.

 

David Cohen, President and CEO of Petroleum Consolidators, stated, "We are extremely excited to have entered into our capital raising agreement with this boutique investment banking firm. This financing engagement is a critical milestone in our company's history. It sends a clear and positive message to our industry that we will have the resources to continue moving forward with our business plan to build a regional presence of gasoline stations with convenience stores and a wholesale fuel business.

 

Additionally, Cohen stated, "We are confident that these funds will be used efficiently to maximize Petroleum Consolidators revenue and profitability as we continue to pursue strategic opportunities in our industry."

 

PLATEAU MINERAL DEVELOPMENT INCORPORATED (OTC: PMDP)

"Up 40.00% in morning trading"

 

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

 

Plateau Mineral Development, Inc. specializes in the exploration and development of energy sources. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil.

 

PMDP News:

 

July 15 - Plateau Mineral Development, Inc. Announces Solar Collector

 

Plateau Mineral Development, Inc. (OTC: PMDP), along with its partner, Plateau Mineral Development LLC, announced today that the firm, in conjunction with MEI, is moving to secure several features of its improved solar collector.

 

The unit, produced and installed in the early 1980s, is being upgraded with the inclusion of photo-voltaic capability. The unit acts as a concentrator under clear skies and as a flat plate when sunlight is diffused by dust or clouds.

 

A representative of Plateau Mineral Development states, "Additionally, a research and development plan and budget have been prepared to research means of enhancing the photo-voltaic output. Understandably, aspects of this research and development are being held in strictest confidence. We will update our shareholders on portions of the research that are deemed appropriate for dissemination as soon as the details are available to us."

 

LAIDLAW ENERGY GROUP INCORPORATED (OTC: LLEG)

"Up 8.93% in morning trading"

 

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

 

Laidlaw Energy Group, Inc. (LLEG) owns and operates electricity generation facilities. It installs independent power plants that generate electricity from renewable resources. The company focuses on biomass power generation. It engages in development, acquisition, and conversion of existing facilities. LLEG was founded in 1999 and is based in New York, New York.

 

LLEG News:

 

September 21 - Laidlaw Energy and Homeland Renewable Energy Announce Biomass Project Development Joint Venture and Investment

 

Laidlaw Biopower, LLC (“Laidlaw”), an affiliate of Laidlaw Energy Group, Inc. (OTC: LLEG), and Homeland Renewable Energy LLC (“Homeland”), jointly announced today that they have entered into a joint venture to develop biomass-energy plants throughout the Northeastern United States. The joint venture company, known as Homeland Laidlaw Energy, LLC (“HLE”), provides the joint venture partners with a strong market position in the U.S. renewable energy marketplace with an initial portfolio of four biomass-energy plants under development in the Northeast and plans for significant expansion down the road.

 

In connection with the joint venture, Homeland has also agreed to make an equity investment in the joint venture which will provide capital for development as well as proceeds to Laidlaw in consideration for the contribution of several of Laidlaw’s development projects to the portfolio of HLE.

 

Commenting on the formation of HLE, Laidlaw President & CEO Michael B. Bartoszek stated, “The formation of HLE brings together tremendous synergies between Laidlaw and Homeland. Laidlaw’s strength lies is originating, developing and financing exceptional biomass project opportunities and Homeland’s strength lies in engineering, building and operating such projects. This joint venture gives the parties everything they need to take a project from conceptual stage to operations within one organization.”

 

Homeland Chairman Jack Clarke will serve as Chairman of the Board of HLE and Homeland President Rupert Fraser and Chief Operating Officer Carl Strickler will serve on the board of HLE and as corporate officers. Laidlaw President and CEO Michael Bartoszek will serve as President and CEO of HLE and Laidlaw Vice Presidents Louis Bravakis and Raymond Kusche will hold similar positions with HLE and serve on the board.

 

The combination of Laidlaw’s and Homeland’s biomass-energy development businesses brings together approximately 30 professionals focused on making HLE the leading supplier of biomass-energy in North America. HLE will be headquartered in New York, NY and maintain offices or personnel in Pennsylvania, New Hampshire, Vermont, Maine and London, UK.

 

Homeland President & CEO Rupert Fraser stated, “The HLE joint venture complements Homeland’s poultry litter power project business extremely well. We are excited by the opportunities that the HLE project pipeline will bring for us to create significant value for our shareholders and those of Laidlaw.”

 

Separately, Laidlaw announced today that is has signed a letter of intent to acquire an approximately 10 megawatt biomass-energy plant located in Massachusetts. The parties are presently negotiating a definitive purchase agreement. It is anticipated that the project will be assigned to HLE and become part of its development portfolio, subject to approval of HLE’s board of directors.

 

HEATHROW NATURAL FOOD & BEVERAGE (OTC: HRNF)

"Up 20.00% in morning trading"

 

Detailed Quote: www.otcpicks.com/quotes/HRNF.php 

 

Heathrow Natural Food & Beverage, Inc., is a national distributor of natural food products such as Exfuze, a very popular botanical nutritional beverage and the Heathrow Natural line of Super Food Products. HNFB is based in Florida and generates revenue through online and call center sales as well as over 138 distributors nationwide. HNFB also owns WGL Entertainment, the producer of the WGL Million Dollar Shootout reality television series.

 

HRNF News:

 

October 7 - Heathrow Natural Food and Beverage, Inc. Adds Two New U.S. Distributors

 

Heathrow Natural Food & Beverage, Inc. (OTC: HRNF) announced that it has signed agreements with two new distributors who will service several major retailers in the U.S. Market. First, MCIM Trading of Plymouth, MN will have distribution rights for Target Stores and the Super Value Supermarket chain, both of which are headquartered in Minneapolis, MN. In addition, TP Global of Seattle, WA will have distribution rights to 7-Eleven, Inc, Bartell Drug Company, Costco Wholesale Corp., Fred Meyer Stores, Quality Food Centers and Safeway Inc. Together this represents a retail network of over 13,000 stores nationwide. Distribution of ACAI Plus & Resveratrol Plus is scheduled to begin in the middle of November with production running at 200,000 units per month per brand.

 

"We are thrilled to have come to terms with two premier distributors who have the capability and relationships to place our functional gum products in some of the best known retailers in the country", said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. We will continue to strengthen our distribution channel as we prepare for product rollout and introduction.

 

GOLDEN EAGLE INTERNATIONAL (OTCBB: MYNG)

"Up 40.00% in morning trading"

 

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

 

Golden Eagle International, Inc. is a gold and copper exploration, mining and milling company headquartered in Salt Lake City, Utah; with offices in Elko, Nevada and Santa Cruz, Bolivia. The Company's most recent efforts have centered on its Agreement with Queenstake Resources USA, Inc. for the maintenance and ongoing regulatory compliance of the Jerritt Canyon 4,000 tpd CIL gold mill. In addition, Golden Eagle is working to maximize the potential of its Gold Bar 4,000 tpd CIP gold mill located in Eureka, Nevada through a joint venture, toll refining arrangement or potential merger. The Company has temporarily suspended operations at its C Zone gold mine and mill within its 136,500 acres (213 square miles) in eastern Bolivia's Precambrian Shield. Golden Eagle has also temporarily suspended its continuing development of its Buen Futuro A Zone gold and copper project in eastern Bolivia.

 

MYNG News:

 

September 22 - Golden Eagle Moves Nevada State Court for Writ Ordering Yukon-Nevada and Queenstake to Restore Possession of the Jerritt Canyon Mill to Golden Eagle

 

Company Continues Suit Against YNG for $40 Million in Lost Profits and Foreclosure of Mechanic's Liens Totaling $2.23 Million

 

Golden Eagle International, Inc. (OTCBB: MYNG) reported that it has filed a motion asking for an order restoring it to possession of the Jerritt Canyon mill in its $40 million lawsuit against Yukon-Nevada Gold Corp. (YNG) and Queenstake Resources USA, Inc. (Queenstake) in the Fourth District Court for Elko County, Nevada.

 

Golden Eagle, which was given possession of the Jerritt Canyon mill as its operator in early September of 2008, alleges in its motion that its possessory right was terminated with 3 hours notice on June 10, 2009 in violation of Nevada state law. The motion further alleges that Queenstake and YNG are guilty of forcible entry and forcible detainer in the abrupt and unreasonable manner in which Golden Eagle's possessory right to the Jerritt Canyon mill was terminated, and then further illegally interfered with that possessory right by unlawfully detaining the mill after Golden Eagle's termination.

 

The Company further reported that it is continuing its foreclosure proceedings on $2.23 million in mechanic's liens against YNG and Queenstake's Jerritt Canyon mill.

 

Golden Eagle filed a $40 million Counterclaim and Third-party Complaints against YNG, Queenstake USA, Queenstake Resources Ltd. ("Queenstake Canada") (both wholly owned subsidiaries of YNG) and Francois Marland ("Marland"), a French citizen and YNG investor. The Counterclaim and Third-party Complaints were filed on July 9, 2009 in the Fourth District Court for Elko County, Nevada, together with an answer to Queenstake USA's complaint filed on June 10, 2009 (See, Golden Eagle's Current Report on Form 8-K filed with the U.S. SEC on June 12, 2009) and can be found as an exhibit to a Current Report filed on Form 8-K with the U.S. Securities and Exchange Commission (U.S. SEC) on July 9, 2009. In its Counterclaim and Third-Party Complaints, Golden Eagle alleges that YNG and Queenstake committed fraud, misrepresentation, material omissions and deceptive business practices in their relations with Golden Eagle and in their breach of Golden Eagle's mill operating agreement. The Company also alleges that YNG and Queenstake committed acts of oppression, fraud or malice, express or implied, and that Golden Eagle is entitled under Nevada law to recover punitive damages, which are calculated as three times the amount of compensatory damages.

 

YNG and Queenstake filed a reply to Golden Eagle's Amended Counterclaim and answered its Third Party Complaints with general denials on August 4, 2009.

 

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