PAYI, MDOR, DVME, NTMI, BMGP, DRGZ, XMDC, BONU, OOIL, AMIE, LDSR OTCPicks.com Daily Market Movers Digest Midday Report for Monday, October 26th

Our Stocks to Watch today include Pay88 Inc. (OTCBB: PAYI), Magnum D'Or Resources Inc. (OTCBB: MDOR), Diverse Media Group Inc. (OTC: DVME), NT Media Corp. (OTCBB: NTMI), Biomagnetics Diagnostics Corp. (OTC: BMGP), Dynamic Response Group Inc. (OTCBB: DRGZ), XTend Medical Corp. (OTC: XMDC), BioNeutral Group Inc. (OTCBB: BONU), OriginOil Inc. (OTCBB: OOIL), Ambassadors International Inc. (Nasdaq: AMIE) and Land Star Inc. (OTC: LDSR).

 

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

 

PAY88 INCORPORATED (OTCBB: PAYI)

"Up 13.69% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/pay88-inc/pay88-inc.htm

 

Pay88, Inc., through its wholly-owned subsidiary, Chongqing Qianbao Technology, Ltd., is a rapidly growing digital technology company and the leading reseller of internet game time in China with over $19.7 million USD in revenues in 2008, a 134.8% increase over revenues in 2007. The company is primarily engaged in the sale of prepaid online multi-player game cards in more than 20 cities in China, an industry that generated $2.75 billion in 2008 and is expected to reach $3.8 billion by the end of 2009. In addition, The Company sells prepaid telephone cards and over 800 software products, including cooking, language and education software. Qianbao sells its game cards through its websites, www.iamseller.com, and www.17logo.com, which has more than 1 million registered users. The Company has successfully captured more than 80% of the online multi-player game time market in Chongqing, a municipality of more than 31 million people, and the third fastest-growing regional economy in China. Pay88 leverages such consumer establishments as retail kiosks and Internet cafes to increase its distribution of highly popular games for an increasing number of gaming companies.

 

PAYI News:

 

October 26 - Pay88, Inc. Teams Up With Alibaba.com Ltd.

 

Pay88, Inc. (OTCBB: PAYI) announced that it has entered into a distribution agreement with Alibaba.com Limited (HKSE: 1688.HK). Through its wholly-owned subsidiary Qianbao Technology, Pay88 will act as a distributor for Alibaba in Chongqing and the greater southwestern regions of China where Pay88 has an already-established network of users.

 

Alibaba.com Limited (HKSE: 1688.HK) is the world's largest marketplace for global trade and the leader in business-to-business (B2B) e-commerce with more than 42 million registered users from more than 240 countries and regions. Alibaba.com also offers business management software solutions targeting small businesses across China under the "Alisoft" brand, connecting Chinese manufacturers to other companies around the world looking for suppliers. The company has a market capitalization of over $64 billion USD and reported earnings in 2008 of RMB 3.0 billion (approximately $440 million USD), an increase of 39% over 2007. According to iResearch, it was the largest online B2B company in China in 2006, based on the number of registered users and its market share in China by revenue. Alibaba.cn, the company's Chinese site, currently has 32 million registered users.

 

Guo Fan, Chairman and President of Pay88, commented on the new agreement saying, "Pay88's diverse distribution channels and strong presence in Chongqing and the southwest regions of China offer a unique opportunity to utilize the strengths of both companies."

 

Tao Fan, COO of Pay88, added, "As a result of this new relationship, Qianbao Technology will be able to capitalize on Pay88's distribution channels in southwest China to offer Alibaba's services to small- and mid-sized entities in what has traditionally been an underserved area. We are excited about the potential for growth this offers to both our companies."

 

Company officials say that teaming up with Alibaba represents a powerful step forward in their overall goals. Over the coming year, the company will continue to develop and improve its Internet gaming platform, expand its distribution websites, and increase its overall product line, as well as expand into many additional cities in China.

 

MAGNUM D'OR RESOURCES (OTCBB: MDOR)

"Up 16.48% 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 26 - Magnum Updates the Market and Magnum SRI Breakthrough Technology Makes Front Page in 'The Edge' Malaysia

 

Magnum D'Or Resources, Inc. (OTCBB: MDOR), a next generation rubber recycling Solutions Company, announces market update.

 

MDOR and Magnum SRI 'Next generation' Custom Compounds have recently received front page coverage from Malaysia's best selling and highly regarded publication on business and investment, 'The Edge.'

 

To view 'The Edge' coverage and write up on MDOR and Magnum SRI visit:

 

http://magnumresources.net/investors/650.

 

Note: There is a small error in the caption, page 2, the tire being referred to is actually Tire#1; the first full production OEM Tire (not retread) to be successfully produced.

 

'The Edge' caters to corporate executives and general public with interest in the Malaysian financial market, nationwide.

 

'The Edge' is one of the first few widely circulated professional information organizations to realize MDOR and the Magnum SRI 'Next Generation' Custom Compounds are truly technologically advanced. Furthermore, they understand the significance of the developments of Magnum/SRI and how it will advance the future for OEM Virgin Tire and Retread tire manufactures. The other key is that Magnum/SRI Custom compounds will not only provide the value added properties but will also provide the manufacture (client) with substantial cost savings on their raw material purchases, as well as, create "Green" products to a sorely needed industry.

 

In addition, Magnum Recycling USA has now completed several infrastructure upgrades in preparation for the start-up of the multiple stage shredding system. The upgrades include installation of new electrical capacity, a water mist delivery system, and grading of new storage and staging pits. In addition to the infrastructure improvements, Magnum recently completed start-up testing and initial capacity tests of the new shredding system. At this point, all necessary steps have been completed for commercial operation pending final permitting and inspection required by the Colorado regulatory authorities. These items are anticipated to be completed in the very near future, but must be completed before full production can begin.

 

Bryan Brammer, Chief Operating Officer of Magnum USA said, "We are at a very exciting point in time at this site; with the permits being issued in the next couple of weeks we will be into full production very quickly. "

 

Magnum Recycling USA can now prepare to commence initial operations including, acceptance and processing of scrap tires at the facility allowing for immediate revenues and cash flow for the company from the scrap tire disposal fees. For schedule fees (MDOR gets tipping fees), visit http://magnumresources.net/usa.

 

DIVERSE MEDIA GROUP INCORPORATED (OTC: DVME)

"Up 12.50% in morning trading"

 

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

 

Company Profile: http://otcpicks.com/Newsletter/DVME_eProfile_091709.html 

 

Diverse Media Group, Inc. (OTC: DVME) is an entertainment company that aggregates expertise across all aspects of the media industry. Diverse Media Group has at its core the established 27-year history of its wholly owned subsidiary, Diverse Talent Group. Diverse Talent Group is now the 10th largest Hollywood agency offering talent and literary representation in commercials, episodic television, cable programming and motion pictures. The company has the ability to create programming, foster distribution and represent talented individuals to fuel a new digital age of content generation. The parent company also includes the subsidiary Talent Quest America, Inc., which identifies new and rising talent representing the future of the Hollywood entertainment community.

 

DVME News:

 

September 28 - Network Talks Underway to Develop 'Momo' into Weekly TV Series Title is Part of Diverse Media Group, Inc. Option Agreement with Elio Pictures

 

“Momo” executive producers Dimitri Logothetis and Nicholas Celozzi have announced that talks are underway with networks in the U.S. and Canada to develop the project as a weekly series for television. “Momo” is one of six titles for which Diverse Media Group, Inc. (OTC: DVME) has optioned to purchase a 30% interest from Elio Pictures, Ltd.

 

Diverse Media Group CEO Chris Nassif calls the development “a huge step forward in our company’s transition to a complete entertainment and media services provider.”

 

Logothetis and Celozzi have been working for seven years on the life story of infamous mob boss Sam Giancana. After securing the exclusive story rights from Francine Giancana to her father’s life story, they originally set the project up at Warner Bros. and Turner as a mini-series. Logothetis calculates development costs to date at $75,000. With the success of the 60's-based AMC series “Mad Men,” they decided that “Momo” could also satisfy weekly audience interest in that period of Americana. Giancana was born in 1908 and killed in 1974.

 

Celozzi describes the series as real-life “Sopranos” meets “The Gangster Chronicles.” Sam Giancana was a very compelling personality. As a family man, Sam lost his wife to a rheumatic heart disease, raised three daughters, supported an extended family and was one of the most powerful men of the twentieth century. Through union ties Giancana helped swing the Illinois vote during the Kennedy/Nixon election. He was the first mobster to claim his rights to the Fifth Amendment in front of live television cameras while questioned by Bobby Kennedy during the McClellan committee hearings. Sam had a long-standing friendship with Frank Sinatra, the leader of the so called “Rat Pack,” who played in Chicago nightclubs run by Giancana.

 

The other Elio Pictures titles optioned by Diverse Media Group include “The Lost Angel” (2005) with Judd Nelson and Celozzi, “Framed by Seduction” (2004) starring Robert Patrick, “Nightmare Boulevard” (2004) starring Claudia Christian and Corbin Bernsen, “7-10 Split” (2007) featuring Tara Reid and Rachel Hunter, and “Senior Skip Day” (2008) with Lea Thompson and Norm MacDonald.

 

The option is being purchased with 25 million shares of Diverse Media Group restricted common stock, valued at $50,000. The Company has until March 30, 2010, to exercise its option for a cash price of an additional $400,000.

 

NT MEDIA CORPORATION (OTCBB: NTMI)

 

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

 

Company Profile: http://www.otcpicks.com/nt-media.htm

 

NT Media is a start-up digital media solutions provider and developer of niche content websites. The interactive and community-oriented content for NT Media sites, as well the sites' advertising, target specific interest groups and demographics in order to create an ongoing and open dialogue on trending topics and issues. NT Media's online communities integrate increasing trends in online social networking and community building, user generated original content and third-party applications.

 

NTMI News:

 

October 15 - NT Media to Produce Original Series for NeuroTrash.tv

 

Video-Sharing Site NeuroTrash.tv Launches Ongoing Original Content Initiative With a New Comedy Webisode

 

NT Media Corp. (OTCBB: NTMI), a developer and operator of media and social networking websites, announced that it will produce an original comedy series exclusively available on its alternative-format video-sharing site NeuroTrash.tv as part of an ongoing program to publish and distribute original content.

 

The video, currently in pre-production, will feature anecdotal nightlife experiences with the comedic performances of an ensemble cast. Production is scheduled to begin in November and the webisode is scheduled to be released at the first part of 2010.

 

Launched in January 2009, NeuroTrash.tv is a video-sharing site targeting young adults between the ages of 18 and 35. Users are able to post and share videos on the site, and take advantage of the site's video player for sharing original videos on their own sites, social networking profile pages and blogs.

 

"The production of NeuroTrash.tv's first original video is a milestone for both the community and NT Media," said NT Media CEO Ali Moussavi. "The webisode will appeal to our target audience, and we anticipate its viral release will draw increased attention to the value of NeuroTrash.tv and will position the site as a leader of a highly-demanded niche."

 

NT Media's revenue model for NeuroTrash.tv is based on standard display banner ads, in-stream video advertising, products sales and services. Advertisers are also able to earn revenue from video ads embedded in other websites on which NeuroTrash.tv users place videos. For advertising and sponsorship opportunities please email contact@ntmedia.tv.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

"Up 3.17% 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 19 - Biomagnetics Diagnostics Completes Equity Financing Round; Prepares Entry into Malaria and Tuberculosis Diagnostics Markets

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a producer of revolutionary diagnostic systems and technology for malaria, tuberculosis, HIV and hepatitis testing today announced the completion of its equity financing designed to fund entry into the Integrated Optical Biosensor Systems (IOBS) market. Through this round of equity financing the Company received cash and commitments of approximately $1 million from several private investors and a single philanthropic organization.

 

“We view the market for both malaria and bovine tuberculosis testing to be significantly underserved with few viable field deployable technologies available. In 2010 we plan to introduce a new generation of products to target this area. This equity financing will be instrumental in this market entry,” commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “We believe this technology upon commercialization will not only be profitable for Biomagnetics and our investors, but will also provide an important tool in the medical, research and anti-bioterrorism communities that can potentially improve and save lives.”

 

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 hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs.

 

DYNAMIC RESPONSE GROUP INCORPORATED (OTCBB: DRGZ)

"Up 28.57% in morning trading"

 

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

 

Dynamic Response Group, Inc. is a marketing company, developer and distributor of personal development, wellness and entertainment consumer goods and services through print catalogs, radio, direct mail, direct response television programming (also known as DRTV or infomercials) and the Internet.

 

DRGZ News:

 

October 14 - Dynamic Response Group Rolls-Out National Campaign

 

Dynamic Response Group, Inc. (OTCBB: DRGZ) announced that, on October 19, 2009, it will start the national media campaign to roll-out its Medico Express diabetic supply products to the Hispanic market. The Company will begin airing television infomercials on Univision, Telefutura and Telemundo the three most watched Hispanic speaking stations. As the only company nationally addressing this niche, Dynamic Response Group (DRG) projects revenues from Medico to reach $13 million in 2010 more than tripling to $40 million by 2011.

 

"The national roll-out of Medico Express, DRG's diabetic product supply subsidiary and most recent venture into the Home Medical Equipment (HME) market, marks a tremendous growth opportunity for our Company," noted Melissa K. Rice, CEO. "The Hispanic population is the second-largest and fastest growing minority group in the United States and is now experiencing a dramatic increase in the incidence of diabetes. DRG's proven experience in the direct television industry has already created enormous income opportunities for our Company in this market."

 

The Hispanic market for diabetic products is estimated to be $748 million in the continental U.S. and is expected to surpass $1 billion in the next few years according to the Center for Disease Control. DRG's Medico Express offers the core products that are used regularly by diabetics. Studies show that Hispanics are almost twice as likely to develop diabetes as Caucasians of similar age which supports the fact that the Company's actual market test results far exceeded management's initial expectations.

 

ABOUT MEDICO EXPRESS, INC.

 

Medico Express now has the authority to sell its products in all 50 states. The Company recently received Medicare approval for Medico product reimbursement. Medico Express markets direct-to-consumer medical products designed to help treat Diabetes and other diseases. Medico's marketing strategy specifically targets Hispanic communities throughout the Continental U.S., Puerto Rico and the U.S. Virgin Islands. Medico Express, Inc. is a majority owned subsidiary of Dynamic Response Group, Inc.

 

XTEND MEDICAL CORPORATION (OTC: XMDC)

"Up 49.09% in morning trading"

 

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

 

XTend Medical is a company that specializes in the manufacturing and distribution of the latest in telemedicine and telehealth solutions for the healthcare industry. Their dedication to insuring the products and services offered to healthcare organizations, third-world countries, and physician groups are at the forefront of medical technology. Their continued efforts in identifying global companies with true product potential in the healthcare industry puts them in an advantageous position to capitalize on a global basis.

 

XMDC News:

 

October 22 - XTend Medical Updates Shareholders on Merger and Company's Progress

 

Management to Travel to Korea to Finalize Merger

 

XTend Medical Corp. (OTC: XMDC), a company specializing in manufacturing and distributing the latest in telemedicine and diagnostic devices, released the following information regarding the company's progress on merger and company's progress:

 

"XTend would like to update our shareholders on our progress to date. Mr. Lee from BioHarp, Korea traveled to Los Angeles last weekend to meet with the executives of XTend. The meetings were very positive and included several aspects in the manufacturing process and the business model moving forward. I personally want to thank Mr. Lee for his dedication and efforts in moving the merger forward. The management of XTend will be traveling to Korea soon to meet with the executives of BioHarp, Korea to finalize the merger. We also intend to secure the manufacturing relationships Mr. Lee has worked on over the past months in order to fulfill our needs for the BioHarp unit. Mr. Lee has identified several major manufacturers that can handle the volume of devices we'll need to fulfill the commitments we expect over the next 6-12 months and having strategic manufacturing partners in Korea to work closely with the technical staff is imperative to the success of the company. While in Korea, XTend management will also be looking to secure a listing on the Korean Stock Exchange that will add to our shareholder base on a global basis and gain additional exposure for the company.

 

The combined efforts of the seasoned technical team in Korea with the management in the U.S. will insure that the BioHarp device will become the standard in medical diagnosis. Our intention is to market the product aggressively throughout Asia, the U.S. and Europe. To date, we've had over 7 inquiries from medical device companies looking to represent the BioHarp in 4 different countries globally. As we move forward, these opportunities will be explored and if they benefit the company, we will press forward on a working relationship.

 

As to the BioHarp unit itself, I would like to reiterate a few areas that make this device unique:

 

1. The BioHarp requires a pre-scan of the patient in order to get a baseline reading. This baseline reading is not based solely on a set of standards in the medical sector. These individualized baselines are established from the patient's own cellular makeup and further solidify how the BioHarp sets itself apart from any present of future competitors.

 

2. The BioHarp device is completely portable. Unlike CT Scanners and other large pieces of equipment that remain stationary, the BioHarp can travel to where the patients are. The unit is perfect for rural areas, battlefields, or other outlying areas that would benefit by having the BioHarp as part of their healthcare service.

 

3. BioHarp can be used to detect cellular inflammation in plants. Diseases in crops have risen dramatically over the years and the BioHarp can assist scientists in helping to determine the proper course of treatment in order to insure plants can sustain life. The global percussion in this area can be tremendous for the company.

 

4. The dedication Mr. Lee has spent on this device over the past 14 years is truly incredible. His vision for this device has proven instrumental in the development of the BioHarp. His technical staff has, and continues t, spend countless hours perfecting this product and we feel honored to become part of this exciting and truly unique product.

 

In closing, I would like to thank all of our shareholders for being patient as we close this merger. Mr. Lee and I have worked continuously over the past two years to insure you, as shareholders, will reap the benefits of being part of something we're very proud of. The future is very bright for this company and through hard work and dedication, the BioHarp will flourish and become the leading diagnostic device in the global medical community," stated Mr. Paul D. Lisenby, CEO of XTend Medical.

 

BIONEUTRAL GROUP INCORPORATED (OTCBB: BONU)

"Up 23.16% in morning trading"

 

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

 

Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a chemical technology-based Life Science company that intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous micro-organisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene and Ogiene, which are eco-friendly and include natural and common ingredients found in baby products and in every day foods. The Company has combined these widely-used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications.

 

BONU News:

 

September 11 - BioNeutral Announces Ability of Ygiene® To Deliver A Rapid and Total Kill of The Swine Flu (H1N1) Virus at 1:10 Dilution

 

BioNeutral Group, Inc. (OTCBB: BONU) (“BioNeutral”), a specialty chemical technology based Life Science Company, announced that independent lab test results conducted at Microbiotest Inc. of Sterling, Virginia, demonstrated that Ygiene® antimicrobial diluted 1 to 10 with water can totally eradicated the H1N1 Swine Flu virus in 59 seconds on an unclean, soiled surface. The test was performed to determine the effectiveness of Ygiene® specifically against the 2009 H1N1 (swine flu) virus on surfaces that are not pre-cleaned.

 

Ygiene® is BioNeutral’s broad spectrum antimicrobial currently under development. Ygiene® is undergoing the testing necessary to achieve registration with the Environmental Protection Agency. Ygiene® is thus not yet available on the market.

 

BioNeutral recognizes the compelling need to provide a cost-effective solution to kill viruses for global applications, especially in developing countries particularly hard hit by the H1N1 swine flu epidemic. Maintaining effectiveness after dilution with water can improve the cost/performance profile while improving the mildness of Ygiene®. BioNeutral’s Ygiene® antimicrobial is one of a few antimicrobials that have reported testing against the specific 2009 H1N1 (swine flu) virus.

 

Many commercially antimicrobials require an extremely long contact time of 10 minutes to be effective against the flu virus. That contact time is not consistent with normal “wipe down” techniques used by cleaning crews or in households. In contrast, the Ygiene® antimicrobial, being developed by BioNeutral, requires only 59 seconds of contact time, making cleaning and elimination of the virus more realistic in actual use. Whereas many other surface antimicrobials are inactivated by organic material on dirty surfaces, this testing shows BioNeutral’s Ygiene® antimicrobial kills H1N1 quickly even on unclean, contaminated surfaces.

 

BioNeutral Group CEO, Stephen J. Browand, stated "The validation of this rigorous testing protocol, which utilizes real world “soiled” conditions in a 1 to 10 diluted form, is very exciting. What this will mean is that all countries worldwide will be able to afford an effective combatant to the H1N1 virus, even those with major economic challenges.”

 

Chief Scientist at BioNeutral Group, Dr. Andrew Kielbania stated “Independent laboratory testing of our Ygiene™ Antimicrobials is an integral aspect of our new product development process and the EPA registration process. These new independent lab results continue to verify the exceptional efficacy and speed to kill of our Ygiene® antimicrobials. Consistent with our strategy on antimicrobial performance we not only actually test against the microorganisms on which we intend to base our EPA application, we also test in the presence of organic soil to better simulate real world conditions. In the end, it is performance in those real world conditions that will distinguish Ygiene® from its competitors.”

 

ORIGINOIL INCORPORATED (OTCBB: OOIL)

"Up 20.00% in morning trading"

 

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

 

OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products, such as diesel, gasoline, jet fuel, plastics and solvents, without the global warming effects of petroleum. Other oil-producing feedstock, such as corn and sugarcane, often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies.

 

OOIL News:

 

October 26 - OriginOil's Algae Oil Extraction Process Reaches Highest Industry Efficiency Standards

 

Research lab at California State University Long Beach collaborated on methodology

 

OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced that Single Step Extraction™, OriginOil's low energy process to extract oil from algae, has reached the highest industry standards for oil extraction efficiency.

 

In a long-running collaboration with an advanced research lab at California State University, Long Beach, OriginOil has optimized its Single Step Extraction process to reach the highest industry level for algae oil extraction. The typical efficiency for oil extraction is 94-97%. OriginOil's recent breakthrough can extract up to 97% of the oil from algae cells.

 

"This level of efficiency is astonishing for a process that requires less than a tenth of the energy of conventional processes, and without needing chemicals," said Riggs Eckelberry, OriginOil's CEO. "I congratulate our lead researcher, Dr. Dheeban Kannan, and the team at Cal-State Long Beach IIRMES for their achievement and very hard work."

 

"We have been working with OriginOil of Los Angeles for the past several months developing a method for lipid determination and we now feel that we have a very reliable method," said Richard Gossett, Director of the Institute for Integrated Research in Materials, Environments and Societies (IIRMES), an advanced research and analytical laboratory at California State University, Long Beach. "Using this method, we have tested OriginOil's Single-Step Extraction process with excellent results. With the optimization of this procedure, we look forward to welcoming other algae companies to use our laboratory."

 

A time-lapse video of OriginOil's Single Step Process is available at www.originoil.com, beginning with a batch of algae that has just gone through the process. In less than an hour, the oil, water and biomass separate by gravity alone. Unlike conventional systems, no chemicals or heavy machinery are used in this single-step process, and no initial dewatering is required.

 

OriginOil chief scientist Dr Vikram Pattarkine said, "With the performance efficiency of our process now validated, we can proceed with system level optimizations and pilot scale development with our commercial partners."

 

Harvesting algae is a challenge. Algae grows suspended in large volumes of water. Once ready for harvest, the algae culture must be concentrated and the oil extracted from each cell. Then, the oil, water and biomass must all be separated for processing. OriginOil's Single Step Extraction achieves all these steps in one pass.

 

In the process, the company's Quantum Fracturing™ technology combines with electromagnetic pulses and pH modification to break down cell walls, thereby releasing the oil within these cells. Algae oil rises to the top for skimming and refining, while the remaining biomass settles to the bottom for further processing as fuel and other valuable products.

 

AMBASSADORS INTERNATIONAL INCORPORATED (NASDAQ: AMIE)

"Up 12.45% in morning trading"

 

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

 

Ambassadors International, Inc. is primarily a cruise company. The Company operates Windstar Cruises, an international, luxury cruise line. The Company is transitioning its headquarters from Newport Beach, California to Seattle, Washington. In this press release, any reference to "Company," "Ambassadors," "management," "we," "us" and "our" refers to Ambassadors International, Inc. and its management team.

 

AMIE News:

 

October 23 - Ambassadors International, Inc. Announces Extension of Exchange Offer for 3.75% Convertible Senior Notes Due 2027 and Designation of Nominees to Serve as Directors of the Corporation

 

Ambassadors International, Inc. (Nasdaq: AMIE) (the "Company") announced that it is extending its previously announced exchange offer (the "Exchange Offer") for any and all of the Company's $97 million of outstanding 3.75% Convertible Senior Notes due 2027, CUSIP Nos. 023178AA4 and 023178AB2 (the "Convert Notes"). The terms of the Exchange Offer are amended accordingly.

 

The new expiration date for the Exchange Offer is 5:00 p.m., New York City time, on Thursday, November 5, 2009, unless further extended or earlier terminated by the Company at its discretion. Tenders of Convert Notes must be made before the Exchange Offer expires and may be withdrawn at any time before the Exchange Offer expires. To receive the consideration in the Exchange Offer, holders must validly tender and not withdraw their Convert Notes prior to the expiration date.

 

Concurrently with the Exchange Offer, the Company is also soliciting consents (the "Consent Solicitation") to remove certain covenants and make certain other amendments to the indenture for the Convert Notes. The Company is also extending the expiration date for the Consent Solicitation so that it is concurrent with the expiration date for the Exchange Offer.

 

To date, the Company has received tenders and consents from holders of approximately $66 million in aggregate principal amount (or approximately 68%) of the outstanding Convert Notes.

 

In addition, the Company announced today that each of the three holders of Convert Notes that entered into an Exchange Offer Commitment and Support Agreement with the Company has, in accordance with the terms of the applicable Exchange Offer Commitment and Support Agreement, designated a nominee to be appointed to the Company's board of directors following consummation of the Exchange Offer. The following individuals have been designated as nominees:

 

* Eugene I. Davis

* Stephen P. McCall

* John Bianco

 

Pursuant to each of the Exchange Offer Commitment and Support Agreements, the Company has agreed that, if the Exchange Offer is consummated and at least 58% (i.e., $56,260,000 in aggregate principal amount) of the outstanding Convert Notes are acquired pursuant to the Exchange Offer, the Company will hold a special meeting of its board of directors within two business days of the consummation of the Exchange Offer and, at that meeting, the board of directors will elect each of the nominees listed above as directors.

 

The Company reserves the right to terminate, withdraw or amend the Exchange Offer and Consent Solicitation at any time, subject to applicable law.

 

Further details about the terms, conditions, risk factors, tax considerations and other factors that should be considered in evaluating the Exchange Offer and Consent Solicitation are set forth in a Schedule TO, which includes an Offer to Exchange and Consent Solicitation (the "Offer to Exchange") and related materials. Such materials were filed with the SEC on September 25, 2009 and distributed to holders of the Convert Notes. Before any holder tenders Convert Notes or otherwise makes any decision with respect to the Exchange Offer and Consent Solicitation, such holder is urged to read the Schedule TO, including the Offer to Exchange and the related materials, and any amendments to such documents, when they become available, and the documents that are incorporated by reference into such documents, because they contain important information. These materials are available free of charge at the SEC's website — www.sec.gov. In addition, copies of the Offer to Exchange and the related Letter of Transmittal and Consent and other documents are available free of charge to holders of the Company's outstanding Convert Notes from the information agent (the "Information Agent") for the Exchange Offer and Consent Solicitation, Globic Advisors at (212) 227-9699.

 

The Exchange Offer and Consent Solicitation are being made solely by means of the above referenced documents. This press release is for informational purposes only and is neither an offer to sell or purchase, nor a solicitation of an offer to buy or sell, any securities of the Company. The shares of Common Stock and New Notes issuable in the Exchange Offer have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities law and, unless so registered, may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. None of the Company or its affiliates, the Information Agent or any other person or entity is making any recommendation as to whether or not holders should tender their Convert Notes in connection with the Exchange Offer.

 

LANDSTAR INCORPORATED (OTC: LDSR)

"Up 7.69% in morning trading"

 

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

 

LandStar, Inc. operates as a polymer redeployment and polymer reactivation company. Through its majority owned subsidiary, Rebound Rubber Corporation, the company develops certain technology rights for the recycling of rubber. It also, along with its subsidiary PolyTek Rubber & Recycling, Inc., produces crumb rubber using reduction technologies, including ambient grind, cryogenic, and wet grind systems. LandStar also maintains exclusive North American rights to a proven devulcanization technology, which fundamentally changes the way recycled rubber is used. This technology creates a new raw material, Activated Modified Rubber, which may be compounded with natural and synthetic rubber or used directly in new vulcanized products.

 

LDSR News:

 

October 26 - Land Star Inc. Targets Merger with a US Company

 

Target merger company reports income of over 23 million dollars as its technology serves across the USA

 

Land Star Inc. (OTC: LDSR), the main operating subsidiary of the Hubai Chuguan Industry Company Ltd., announces that it considers entering into a business relationship or transaction that will involve the start of talks for a merger with a USA company.

 

Land Star Inc. (LDSR) and the USA company, that does not wish to be named at the present stage of negotiations, started talks and are in the process of signing the preliminary documentation for future cooperation. The new company owns a patented new technology that would deliver a new competitive edge to LDSR.

 

The new targeted partner company has patented an affordable technology for treatment of metallurgical products that lengthens products' life and saves the replacement costs by up to 50%. The company reports business of over 23 million dollars as their technology serves across the USA. However, this technology and its infinite future possibilities of application expect to escalate company's growth exponentially. In their forecasts to the year 2014, the company predicts annual revenue growth by approximately 50% while lowering their production cost.

 

Land Star management feels that this is a material event and that its due diligence stage with the USA based targeted company requires an announcement.

 

Hubai Chuguan Industry Co Ltd is a Chinese based company providing solutions on settlement and reconstruction for oil and gas recycling. The parts, accessories and the overall assembly is performed in China. It is invisioned by the management that the USA based company would become a majority stake holder of LDSR.

 

The LDSR management, working in concert with its preferred shareholder and its M&A advisors on this merger, is developing a complex preferred share exchange arrangement. The end result will see LDSR's current (both common and preferred) share structure unchanged and undisturbed after the merger. The USA targeted merger candidate would over time acquire the preferred shares and have an option to convert these preferred shares at a significantly higher strike price than what LDSR is currently trading at. Simply put, it's a merger based on the targeted merger company being able to meet and exceed both management and long term shareholders reasonable expectations. The USA based targeted merger candidate is desireous of patenting its technology in the USA and increasing its revenues. The deal would also eventualy see Hubai Chuguan Industry Co Ltd split off to trade on the OTCBB exchange. Hubai Chuguan Industry Co Ltd is well under way with their audit to be OTCBB compliant.

 

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