Dallas TX 12/2/2009 2:04:30 AM
News / Business

ECOB, GTWO, BMGP, VGPR, WWPW, RBTI, GSIT, NEOM, PEIX, PPTO, WSCE OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, December 1st

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Our Stocks to Watch today include EcoBlu Products Inc. (OTCBB: ECOB), Gen2Media Corp. (OTCBB: GTWO), Biomagnetics Diagnostics Corp. (OTC: BMGP), Vega Promotional Systems Inc. (OTC: VGPR), Wind Works Power Corp. (OTCBB: WWPW), Red Branch Technologies Inc. (OTC: RBTI), GSI Technology Inc. (Nasdaq: GSIT), NeoMedia Technologies Inc. (OTCBB: NEOM), Pacific Ethanol Inc. (Nasdaq: PEIX), Precision Petroleum Corp. (OTCBB: PPTO) and Wescorp Energy Inc. (OTCBB: WSCE).

 

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

 

ECOBLU PRODUCTS INCORPORATED (OTCBB: ECOB)

"Up 25.00% in morning trading"

 

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

 

Company Profile: http://www.otcpicks.com/ecoblu-products.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.

 

ECOB News:

 

November 23 - EcoBlu Adds Insulation to Its Product Line

 

New Product Includes Mold and Fire Protection

 

EcoBlu Products, Inc. (OTCBB: ECOB) announced that it has added Cool Blu Insulation, a cellulose based insulation for new construction and retrofits, to its product line. Cool Blu Insulation will contain EcoBlu's mold protection as well as its exclusive FRC™ technology (Fire Retardant Coating) to provide Class A fire protection.

 

Cool Blu Insulation is a natural product made from 85% recycled paper fiber, is safe for the environment, contains no harmful chemicals or irritants, and does not pose off gassing or Volatile Organic Compound (VOC) concerns. When installed, it provides home builders superior thermal performance, sound control and permanent fire resistance. Recent research shows the United States insulation market is $8.5 billion and is expected to grow 5.3% annually through 2012. This is potential positive revenue growth for EcoBlu and is an excellent complement to its wood products.

 

"This addition to our product line gets us closer to offering a complete package of eco-friendly building materials. Our goal is to provide products that save energy, improve indoor air quality, improve the sustainability of our forests and save lives," said Steve Conboy, President and CEO of EcoBlu Products. "Using Cool Blu Insulation along with our BLUWOOD™ coated wood products will allow builders and developers to build safer and more energy efficient homes," added Conboy.

 

Cool Blu Insulation is proven to reduce energy consumption by slowing air infiltration better than other insulation materials due to its density, and outperforms fiberglass insulation products with 57% better fire resistance.

 

The Company will also be demonstrating their exclusive FRC technology (Fire Retardant Coating) on wood structures and new Cool Blu Insulation today at the grand opening of its EcoGreen Exchange, a showplace for green building products and new corporate headquarters for EcoBlu Products. The grand opening will feature TV personality Lisa Ling and her husband Dr. Paul Song who are building an energy neutral home using EcoBlu products and are active in the environmental community.

 

GEN2MEDIA CORPORATION (OTCBB: GTWO)

 

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

 

Company Profile: http://www.otcpicks.com/Newsletter/GTWO_102809.html

 

Gen2Media is a fully integrated technology, production and marketing company whose proprietary and patent-pending technology has earned the trust of a growing, globally diversified customer base, comprised of leading media companies, corporations, chart-topping artists, entertainment companies, advertising agencies and national brands such as The Black Eyed Peas, Mary J. Blige, Britney Spears, Justin Timberlake, Microsoft Xbox LIVE, Coca-Cola Company, Toyota, Clear Channel, and others.

 

GTWO News:

 

December 1 - Gen2Media Co-Founder Mary Spio Offers Insights and Perspective on Marketing with Online Video in December Issue of Black Enterprise Magazine

 

Mary Spio, Co-Founder and President of Gen2Media Corporation (OTCBB: GTWO) an innovative, full service video technology and production company, most recent interview appears in the December issue of Black Enterprise magazine. The Company was noted for its work with major brands, iconic celebrities and businesses of all sizes. Gen2Media’s business model was featured in an article appropriately titled “A View to a Killer Business Model.”

 

Ms. Spio stressed that the use of video as part of a company’s marketing strategy will have a significant effect on their sales: “Directly communicating with other entrepreneurs through Black Enterprise is quite an honor. I tried to impress upon them the importance of online video which is a huge opportunity for marketers to boost their bottom line without breaking the bank. If a picture is worth a thousand words – video is worth a million, and has been documented to grow sales by upwards of 15%. Each business is a legitimate expert on their specific products and services. With online video, they can meet their customers at the point of need. Online video provides that opportunity, offering the valuable information that their customers are searching for.”

 

Black Enterprise noted reports stating more than 4 of 5 Internet users will watch online video in 2012 up from 2 of 3 in 2008.

 

Black Enterprise describes Gen2Media as a full-service production house providing the Digital Video Publisher software where the users produce and publish their own videos. Black Enterprise wrote that in today’s market, when the cost of entry (into the video production market) is still relatively low, a million words can translate into tremendous benefits.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

 

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:

 

November 30 - Biomagnetics Signs Contract With Los Alamos National Security

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis and malaria detection, today announced the Company has finalized a "Patent License Agreement with Los Alamos National Security." Under the agreement, Biomagnetics will have access to the Triggered Optical Biosensor and Integrated Optical Biosensor System (IBOS) technology, developed at Los Alamos National Laboratory.

 

IOBS are a relatively new classification of pathogen detection equipment that use advanced fiber optic-based technology to detect a wide variety of human and animal pathogens. These devices are specifically designed to be field deployable and ultra-portable, allowing for the rapid detection of various viral and bacterial pathogens by relatively untrained personnel outside of the laboratory setting.

 

“We are very excited to have completed this agreement with Los Alamos National Security, which gives us access to some of the most technologically advanced and exciting biosensor technology in existence. The Integrated Optical Biosensor (IBOS) we plan to introduce into the marketplace, the technology developed at Los Alamos National Laboratory, is truly revolutionary. Additionally, the platform was specifically designed to be operated by personnel with only minimal training. These features make IBOS the perfect platform for field and point of care testing for the diagnosis of HIV/AIDS, hepatitis, malaria, cholera and potentially dozens of other diseases that kill millions of people each year. We look forward to working with the lab personnel on this and other endeavors.”

 

According to the World Health Organization, some 3.2 billion people, or about half of the world's population is at risk for 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 throughout 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 adds $5.00 to $15.00 on average per head to the cattle industry's costs. Field deployable, integrated optical biosensor systems hold the promise of significantly speeding the diagnostic testing process and meaningfully lower costs.

 

VEGA PROMOTIONAL SYSTEMS INCORPORATED (OTC: VGPR)

 

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

 

Company Profile: http://www.otcpicks.com/Newsletter/VGPR_eProfile_110909.html

 

Vega Biofuels, Inc. (VGPR) was formed to pursue the production and sale of biofuel products throughout the world. With the growing need for clean energy, and the uncertain costs of fossil fuels, power generating plants around the world are looking at more useful and economical methods to run their power systems.

 

VGPR News:

 

November 30 - Vega in Final Phase of Redesigned Green Valley Project

 

Vega Promotional Systems, Inc. (OTC: VGPR) provided the following update on the Company's Green Valley Project:

 

Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that is designed to convert inexpensive methane gas from an abandoned coal mine into electricity and thermal energy.

 

There are three phases to the project that must be completed in order to produce electricity. The first step was securing the rights to the methane gas from the Green Valley Mine. As recently announced, Vega has entered into a Gas Purchase Agreement with Chattanooga based, Tennessee Power Company to purchase the necessary methane gas to run the project. Tennessee Power Company owns the rights to the coal bed methane located in the 314 acre Green Valley coal mine.

 

The methane gas from the mine will be delivered through gas lines to the production facility located on the surface just above the mine. The second phase of the project was securing the production facility. The Company recently announced it has entered into a lease of the entire production site.

 

The methane has been tested and a successful demonstration project was in operation for approximately three years, proving the viability of utilizing the coal bed methane from the Green Valley Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets. Replacing the generator sets is phase three of the project. The Company's engineers will be meeting at the site the second week of December with representatives from recently chosen ARE Energy, a division of American Railroad Equipment to discuss the proposed delivery and set up of the new generator sets. Once the power production facility is restarted it will produce approximately 5 megawatts of power that will be sold to the local power company.

 

The Company will release additional details on The Green Valley Project as the project moves forward.

 

WIND WORKS POWER CORPORATION (OTCBB: WWPW)

 

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

 

Company Profile: http://www.otcpicks.com/wind-works-power.htm

 

Wind Works' mission is to become a leading developer of wind energy projects in North America and Europe.

 

WWPW News:

 

November 30 - Wind Works Power Corp. Submits Power Contract Applications Totaling 100 MW for 8 Wind Energy Projects Under the New Feed-In Tariff Program in Ontario

 

Wind Works Power Corp. (OTCBB: WWPW) (Frankfurt: R5E1)(WKN: AOKE72) announces it has submitted power contract applications for 8 wind energy projects representing a total of 100 megawatts (MW) under the new Feed-in Tariff program as part of the Ontario Power Authority initial launch period.

 

"Wind Works has now submitted power contracts for 9 wind energy projects totaling 110MW, which includes the 10MW Clean Breeze project which was submitted earlier" commented Dr. Ingo Stuckmann, CEO and director of Wind Works. "We look forward to being awarded power contracts, as our stated objective is to commence construction on a minimum of 20MW of wind energy projects in Ontario by 2011. With our recently announced financing, plus the proceeds from the flow-through funds that we are raising up until the end of the calendar year, we will have sufficient capital to continue development of our project portfolio resulting in materially significant value being added to the Company."

 

Power contract applications have now been submitted for the following Ontario projects:

 

1. Grey Highlands Wind Park: 100% interest in a 10 MW project 25kms south of Georgian Bay, Ontario, Canada;

 

2. Snowy Ridge Wind Park: 100% interest in a 10 MW project in the vicinity west of the village of Bethany, Ontario, Canada;

 

3. Settlers Landing Wind Park: 50% interest (with an option to increase to 100%) in a 10MW project located near Pontypool, Ontario, Canada;

 

4. Skyway 126 Wind Park: 70% interest in a 10 MW project located in Grey-Highlands Township, Ontario, Canada on the north east side of the Garafraxa Plateau, the highest land mass in Ontario;

 

5. Polar Bear Wind Park: 50% interest (with an option to increase to 100%) in a 20MW project located in Ontario, Canada;

 

6. Pleasant Bay Wind Park: 50% interest (with an option to increase to 100%) in a 20MW project located in an area just north of the shores of Lake Ontario that has one of the best wind regimes in Ontario;

 

7. Zorra Wind Park: 50% interest (with an option to increase to 100%) in a 10MW project located northwest of Woodstock, Ontario, Canada;

 

8. Whispering Woods Wind Park: 50% interest (with an option to increase to 100%) in a 10MW project located near Millbrook, Ontario, Canada; and

 

9. Clean Breeze Wind Park: 50% interest (with an option to increase to 100%) in a 10MW project located in Ontario, Canada.

 

The Feed-in Tariff (FIT) contract program is part of the new Green Energy Act in Ontario and offers a power contract with a guaranteed rate of C$135.00/MWh over a 20-year term to qualified wind energy projects. The Ontario Power Authority (OPA) initial launch period deadline for FIT applications is November 30, 2009. This first launch period is designed for projects that were being developed under the Renewable Energy Standard Offer Program (RESOP) and are therefore further advanced. Criteria of earlier commercial operation dates is one such factor in obtaining priority access to transmission availability. To be awarded a Power Purchase Agreement (PPA) under the FIT rules, the application has to be submitted in accordance with strict regulations which can be accessed in details via the OPA website.

 

About Zero Emission People

 

The vision of Zero Emission People is to provide the opportunity for anyone to invest early in the development of renewable wind energy projects. As an example, as little as a $10,000 investment in a wind park blows away a person's carbon footprint. We believe in making sound, environmentally conscious investments that are good for all shareholders, people and our planet.

 

RED BRANCH TECHNOLOGIES INCORPORATED (OTC: RBTI)

"Up 3.13% in morning trading"

 

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

 

Red Branch Technologies provides sustainable-energy-powered solutions meeting commercial, industrial, municipal and federal requirements for site security, materials control, emergency communications, water purification and similar on-site applications. The company's ability to simultaneously manage multiple renewable energy sources allows Red Branch Technologies powered solutions to stay up and running longer than the competition. Mobility is another differentiating aspect of Red Branch Technologies' solutions. The company also offers a unique set of security products for military and law enforcement applications where cost/performance represents a critical selection factor. The application areas include Explosive Ordinance Disposal (EOD) robots, vehicular inspection and Unmanned Aerial Vehicles (UAVs).

 

RBTI News:

 

December 1 - Red Branch Technologies Adds Wireless Sensor Technology Investment to Its 'Solutions on the Move' Portfolio

 

Red Branch Technologies, Inc. (OTC: RBTI) announced its intentions of adding wireless sensor technology into its mix of investments for the company by recently announcing its LOI to invest in Green Power Technologies, Inc.'s advanced power solutions for wireless sensor networks. This latest move places Red Branch Technologies into a multi-billion dollar market with potential for hyper-growth.

 

"A major part of life cycle cost for wireless sensor networks is battery replacement costs that include not only the batteries themselves but the labor to manage and maintain the wireless sensor network," said Greg Puschnigg, CEO of Green Power Technologies, Inc. "Battery replacement cost and installation has always been a challenge which we believe we now have a solution to through our Green Power Technologies' wireless power networks. By combining several leading edge technologies our system solution eliminates most of these barriers to wide-spread adoption of wireless sensor networks."

 

Puschnigg said Green Power Technologies, Inc. wireless power networks comprise mini "smart grids" supporting sensor arrays that provide information and control for applications that include process plant operations, building environmental controls, schools and lodging energy management.

 

Wireless sensor arrays energized by power harvesting circuitry from Green Power Technologies, Inc. can transmit temperatures, voltages, pressures and other operating parameters used by building control and energy management systems. The building management systems can send operating commands to other Green Power Technologies powered sensors to control everything from lighting to environmental and process control systems.

 

"Ultimately, we believe our competitive edge is seamless network management interfaces needed by the higher level management systems to do a more effective job controlling energy usage," says Puschnigg.

 

Jeff Sirianni, CEO of Red Branch Technologies, sees this investment as a strategic piece of RBTI's portfolio. "The world going forward needs to operate in a much lower energy regime for both sensors and mainline systems. This technology is fundamental to making large wireless sensor networks cost effective. Red Branch Technologies sees this emerging market becoming a key energy sector for years to come."

 

GSI TECHNOLOGY INCORPORATED (NASDAQ: GSIT)

"Up 10.87% in morning trading"

 

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

 

Founded in 1995, GSI Technology, Inc. is a leading provider of high performance SRAMs primarily incorporated in networking and telecommunications equipment. Headquartered in Santa Clara, California, GSI Technology is ISO 9001 certified and has world-wide factory and sales locations.

 

GSIT News:

 

November 30 - GSI Technology, Inc. Introduces Revolutionary Next Generation SRAM Architecture

 

New Products up to 50% Faster Than Nearest Competitors

 

GSI Technology (Nasdaq: GSIT) announces the availability of SigmaQuad-IIIe™ and SigmaDDR-IIIe™, two new SRAM products whose revolutionary architecture provides the ultimate in system performance, reliability, and flexibility for applications that require a high random address rate. They are specifically designed to meet the growing memory requirements of networking systems — the backbone of the Internet.

 

"To most of the world, 'fast memory' means high bandwidth data, while in SRAM circles it has typically meant low latency," said David Chapman, Vice President of Marketing and Applications Engineering for GSI Technology. "But today, networking system designers need something more. The IIIe family delivers more, including the first memory product ever that can sustain continuous fully random read and write transactions every single nanosecond.

 

"This sort of capability is terribly important to those wishing to measurably enhance the performance of networking systems," noted Chapman. "And because these parts allow designers to solve problems directly rather than through increasing architectural complexity, these SRAMs help cut development costs and improve our customer’s time-to-market. Although improvement in random address rate — the measure of how often a new fully random access can be executed in a memory device — is sure to be seen as the biggest contribution of this product family, the series also includes the highest bandwidth SRAMs available on the open market and the most complete set of signal integrity improvement tools SRAM users have ever had."

 

Performance

 

At 625 MHz, the new 72Mbit Type–IIIe products feature the market’s fastest available Burst of 4 operation, which is 14% faster than the nearest competitor, and the market's fastest Burst of 2 operation, which is 50% faster than the nearest competitor. Packaged in a 260 BGA with checkerboard power and ground pin out, these devices deliver both high transaction rate operations and very high data bandwidth with dramatically improved signal integrity to control system noise. Additionally, new features have been added to ease host memory controller design and reduce Soft Error Rate (SER).

 

GSI’s SigmaQuad/SigmaDDR-IIIe devices offer both obvious and subtle improvements over previous generations of Quad and DDR SRAM products. An improved input clocking scheme provides the ability to optimize input setup and hold times in a variety of board layout schemes and an improved output clocking scheme provides a more consistent and therefore a wider data output valid window. In addition, user-configurable output echo clocks can be centered or edge-aligned. There is also a selectable read pipeline length to maximize input clock frequency. Another feature is highly robust input termination available on all synchronous inputs to minimize signal reflections.

 

Availability

 

GSI Technology's 72Mbit SigmaQuad/SigmaDDR-IIIe products are sampling now. Multiple application notes and a white paper are available. For more information on GSI’s 72Mbit SigmaQuad/SigmaDDR-IIIe products go to www.gsitechnology.com/SigmaIIIe.htm or contact your local sales representative at www.gsitechnology.com/sales.htm.

 

NEOMEDIA TECHNOLOGIES INCORPORATED (OTCBB: NEOM)

"Up 28.15% in morning trading"

 

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

 

NeoMedia Technologies, Inc. is the global leader in mobile barcode scanning solutions. The company's technology allows mobile devices with cameras to read 1D and 2D barcodes and provide “one click” access to mobile content. Combining this technology with advanced analytics and reporting capabilities revolutionizes the way advertisers market to mobile consumers. NeoMedia provides the infrastructure to make 2D camera barcode scanning and its associated commerce easy, universal, and reliable — worldwide.

 

NEOM News:

 

December 1 - NeoMedia Barcode Scanning Application to Be Pre-Loaded on Sony Ericsson Mobile Phones

 

NeoMedia Technologies, Inc. (OTCBB: NEOM), the global leader in mobile barcode scanning solutions, announced that Sony Ericsson has selected NeoMedia as its strategic 2D barcode partner. Sony Ericsson will begin shipping phones pre-loaded with NeoMedia’s NeoReader barcode scanning application globally in the 1st half of 2010. The NeoReader will be pre-installed across all Sony Ericsson platforms.

 

“Sony Ericsson is very happy to work with NeoMedia as our global provider of barcode scanning solutions. We see great potential in the 2D barcode market and support NeoMedia’s strategy to promote and drive the open 2D barcode standards. We are looking forward to working with NeoMedia to explore all the potential the technology enables,” stated Robert Westin, Business Development Manager, with Sony Ericsson.

 

Iain McCready, CEO of NeoMedia Technologies commented, “The marketplace is ready for 2D barcodes – retailers and brands are already experimenting with them, and the technology has long been validated. The challenge is in creating a scalable pool of mobile users capable of scanning barcodes. This partnership with Sony Ericsson will make mobile barcode scanning a simple, out-of-the-box experience for consumers.”

 

McCready continued, “NeoMedia’s vision has been to create an open and interoperable 2D barcode ecosystem which would provide a consistent and reliable consumer experience worldwide. This agreement with Sony Ericsson is another important step towards making this vision a reality and is part of NeoMedia’s ongoing strategy to accelerate adoption through relationships with manufacturers, operators and brands alike.”

 

The NeoReader transforms camera phones into mobile barcode scanners which provide easy access to mobile content via 2D barcodes. The simple “one click” action makes the mobile internet much more accessible for mobile users. By scanning 2D barcodes via the phone’s camera, users avoid typing in long URLs and navigating cumbersome mobile menus.

 

The NeoReader is a universal barcode scanning application that reads all standard 1D and 2D barcode symbologies – QR, Data Matrix, Aztec, UPC and EAN – so users won’t need multiple barcode readers.

 

PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX)

"Up 53.85% in morning trading"

 

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

 

Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol's growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol's goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.

 

PEIX News:

 

November 25 - Pacific Ethanol Prepares to Resume Operations at Its Magic Valley Facility

 

Pacific Ethanol, Inc. (Nasdaq: PEIX) (the "Company") announced that it is preparing to resume production of ethanol at its 60 million gallon per year Magic Valley facility located in Burley, Idaho. In February 2009, the Company suspended production at the Magic Valley facility due to extended unfavorable market conditions. In May 2009, the Company's subsidiaries which own its four ethanol production facilities, including the Magic Valley plant, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware in an effort to restructure their indebtedness.

 

Market conditions for producing ethanol have improved and the Company plans to restart the Magic Valley facility in January 2010, subject to approval by the bankruptcy court, final documentation and a number of other conditions, including rehiring and training staff and restocking corn and other raw materials. The bankruptcy court is expected to consider the planned restart at a hearing on December 14, 2009, at which the lenders providing debtor-in-possession financing for the Magic Valley facility are expected to support the initiative.

 

PRECISION PETROLEUM CORPORATION (OTCBB: PPTO)

"Up 11.76% in morning trading"

 

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

 

Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States. Precision's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Precision aims to define larger projects that can be developed with Joint Venture partners.

 

PPTO News:

 

November 30 - Precision Petroleum Corporation Acquires 58% in the Thompson No. 2 Well, Garvin County Oklahoma

 

Precision Petroleum Corporation (OTCBB: PPTO) (the "Company") announced that it has purchased 58.375% of the Thompson No. 2 well located in Garvin County Oklahoma. Thompson No. 2 is currently producing from the Viola Lime hydrocarbon-structure.

 

Richard Porterfield, President, advises that the Company will proceed with an immediate remedial work-over on the Thompson No. 2 well. This work-over involves a cement squeeze on a lower formation which will in fact prevent salt water from entering the Viola reservoir.

 

Porterfield, a Petroleum Engineer, stated that this intrusion from a non productive formation has a major impact on the production capacity. He further stated that the cement barrier will allow the Thompson No. 2 well to produce from the Viola which previously had a very promising production capacity.

 

Oil production should increase 2 to 3 fold with this procedure. Other Thompson wells in adjacent leases have produced in excess of 22,000 bbls. These adjacent wells have not been subjected to the salt water intrusion encountered in number 2.

 

Precision Petroleum continues to evaluate all of its 19 leases in Oklahoma and will embark on recovery maximization of this oil and gas reservoirs with the application of superior production techniques and engineering solutions.

 

WESCORP ENERGY INCORPORATED (OTCBB: WSCE)

"Up 8.82% in morning trading"

 

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

 

Wescorp Energy Inc. is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operational challenges facing oil and gas operators today.

 

WSCE News:

 

December 1 - Cancen Oil Canada acquires an additional site for remediation work in Alberta - units required from Wescorp

 

Wescorp Energy Inc. (OTCBB: WSCE) announced that its joint venture partner, Cancen Oil Canada Corporation, an oilfield and waste management and processing company based in Western Canada, has acquired an additional remediation facility in Alberta, Canada. This acquisition is in addition to the previously announced facility in Fort Nelson, British Columbia that requires both water and oil solids remediation equipment from Wescorp.

 

In addition to acquiring the new Medicine Hat Alberta disposal site facilities, Cancen also purchased an oil services company that provides 70% of its annual volume and secured a contract to remediate class II water disposal wells in the area. The Medicine Hat operation is in full production. It is currently anticipated Cancen will require one H20 Maxx and one HCXT unit for water and oil solids remediation from Wescorp.

 

Under the terms of the 50:50 joint venture agreement announced on July 29, 2009, a combination of a minimum of 12 H2O Maxx water and HCXT Solids remediation units will be strategically installed over a 12 month period at Cancen's facilities to significantly increase efficiency and reduce operating costs which will result in an increased profitability. In addition, the joint venture anticipates that it will receive orders from a number of Cancen's clients to build additional portable units to provide remote onsite remediation..

 

"The Wescorp-Cancen joint venture is, gaining momentum" commented Doug Biles, President and CEO of Wescorp Energy. "We expect to be extremely active in the first half of 2010 as Wescorp's remediation units begin to be deployed on Cancen's remediation sites in Western Canada."

 

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Information contained in our report will contain "forward looking statements" as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company's operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov/ and FINRA at http://www.finra.org/.

Disclosure: OTCPicks has been compensated five thousand dollars from a third party for ECOB advertising and promotional services. OTCPicks.com has been compensated two thousand dollars by a third party (Blue Wave Advisors) for a one week GTWO advertising and promotional program. OTCPicks.com has been compensated ten thousand dollars by a third party (Emerging Market Consultants) for GTWO advertising and promotional services. OTCPicks.com has been previously compensated seven thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated twelve thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has not been compensated for VGPR advertising and promotional services but OTCPicks principles purchased six hundred thousand free trading shares in the open market and have subsequently sold them. OTCPicks.com has been compensated two thousand five hundred dollars from a non-controlling third party (BlueWave Advisors) for WWPW advertising and promotional services. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (Blue Wave Advisors) for PPTO advertising and promotional services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. OTCPicks.com is a website partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice.