CardioVascular BioTherapeutics (OTCBB: CVBT), Pixelplus Co (NASD: PXPL), Applied Micro Circuits (NASD: AMCC), Beacon Power Corp (NASD: BCON), Majesco Entertainment (NASD: COOL)

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  CARDIOVASCULAR BIOTHERAPEUTICS (OTCBB: CVBT) "Up 16.3% on Friday"
 
  CardioVascular BioTherapeutics, Inc. is a biopharmaceutical company   focused on developing a new drug for the treatment of cardiovascular diseases   where the growth of new blood vessels can improve the outcome for patients with   these diseases. Its drug candidate, Cardio Vascu-Grow(TM), is designed to   facilitate the growth of new blood vessels in the heart and other tissues with   an impaired vascular system.
 
  CVBT News:
 
  July 6 - BusinessWeek   Article Highlights CardioVascular BioTherapeutics for Developing a Promising   Protein Therapy to Treat Coronary Artery Disease
 
  CardioVascular   BioTherapeutics, Inc. (OTCBB:CVBT) recently announced it is featured in a   BusinessWeek Online article that highlights the race within the biotech industry   to develop an angiogenesis treatment for patients with heart disease.   Angiogenesis refers to the growth of new blood vessels that may help those   suffering from coronary heart disease by alleviating the decreased blood flow   associated with the disease. The article can be viewed at:   http://www.businessweek.com/technology/content/jul2007/tc2007075_25959   8.htm?chan=top+news_top+news+index_technology (Due to its length, this URL may   need to be copied/pasted into your Internet browser's address field. Remove the   extra space if one exists.)
 
  The article highlights CVBT as a company   that "may be well ahead of the pack in developing an effective and economic   angiogenic therapy -- and setting new standards for cardiac care." CVBT is   focused on developing formulations of its active pharmaceutical ingredient   Fibroblast Growth Factor-1 (FGF-1), which is a recombinant protein that   stimulates new blood vessel growth. Quoting a study by The Bruckner Group, the   article states that "the use of FGF-1 could save health-care insurers up to 20%   of treatment costs for limited-option coronary artery disease patients over a   five-year period after treatment." CVBT's development of FGF-1 represents a new   and potentially cost effective approach to treating a disease that is   devastating both to patients and the healthcare industry given the economic   burden of current treatments.
 
  "Given that more than 71 million people in   the U.S. suffer from some form of cardiovascular disease, it is an important   target for angiogenesis therapy as it offers a viable treatment to patients who   may otherwise have no options," said Dan Montano, CEO, CVBT. "CVBT is excited to   be part of the growing research movement exploring new therapies for treatment   of heart disease."
 
  CardioVascular BioTherapeutics is expected to begin a   Phase II clinical trial of its drug candidate, CVBT-141A, later this year in   patients with severe coronary heart disease.
 
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  PIXELPLUS CO. (NASD: PXPL)   "Up 15.9% on Friday"
 
  Pixelplus is a South Korea-based   developer of high-performance, high-resolution, and cost-effective CMOS image   sensors for use primarily in mobile camera phones. In addition to mobile phones,   Pixelplus provides CMOS image sensors and SoC solutions for use in webcams and   notebook embedded cameras, toys and games, and security and surveillance system   applications.
 
  As a fabless semiconductor company, Pixelplus is focused   on creating proprietary design technologies to develop CMOS image sensors with   sharp, colorful and enhanced image quality, size efficiency, and low power   consumption.
 
  PXPL News:
 
  July 6 - Pixelplus Announces Change in   Independent Public Accountants
 
  Pixelplus Co., Ltd. (NASD: PXPL), a   fabless semiconductor company in Korea that designs, develops, and markets CMOS   image sensors for various consumer electronics applications, recently announced   that the Company informed Ernst & Young Han Young ('E&Y') that E&Y   would be replaced as Pixelplus' independent public accountants effective July 1,   2007, and that Pixelplus has appointed KPMG Samjong as the Company's independent   public accountants to audit the consolidated financial statements of Pixelplus   for the fiscal year ending December 31, 2007.
 
  The decision to change the   Company's accountants was recommended and approved by the Audit Committee of the   Board of Directors of Pixelplus.
 
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  APPLIED MICRO CIRCUITS (NASD: AMCC) "Up   14.7% on Friday"
 
  AMCC is a global leader in network and embedded PowerPC(r) processing,   optical transport and storage solutions. Our products enable the development of   converged IP-based networks offering high-speed secure data, high-definition   video and high-quality voice for carrier, metropolitan, access and enterprise   applications. AMCC provides networking equipment vendors with industry-leading   network and communications processing, Ethernet, SONET and switch fabric   solutions. AMCC is also the leading vendor of high-port count SATA RAID   controllers enabling low-cost, high-performance, high-capacity storage. AMCC's   corporate headquarters are located in Sunnyvale, California. Sales and   engineering offices are located throughout the world. For further information   regarding AMCC, please visit our web site at http://www.amcc.com.
 
  AMCC   News:
 
  July 5 - Applied Micro Circuits Corporation Announces Preliminary   First Quarter Fiscal 2008 Revenue Results
 
  Applied Micro Circuits   Corporation (Nasdaq:AMCC) recently announced that based on preliminary financial   information, the Company expects to report net revenues of approximately $50   million for the quarter ended June 30, 2007, down approximately 29% compared to   the quarter ended March 31, 2007. The Company had previously provided guidance   for first quarter revenues to be approximately $59.6 million.
 
  Kambiz   Hooshmand, AMCC's president and CEO, said, "The shortfall in the first quarter   revenues is the result of continued weakness in the Telcom market space, weaker   than anticipated processor sales due to delayed new product ramps and continued   inventory corrections."
 
  The Company estimates that first quarter   revenues declined in all business lines except Storage and that sales to   distributors were down nearly 28% sequentially. Storage revenues grew as   anticipated. These first quarter results are preliminary and thus are subject to   the Company's management and independent registered public accounting firm   completing their quarterly review procedures.
 
  Based upon a book to bill   ratio of 1.14x in the first quarter, the Company now expects revenues to rebound   in the September quarter, with revenues to be in the $55 million to $60 million   range. The Company also expects continued growth in subsequent quarters through   the remainder of the fiscal year ending March 31, 2008. The Company, by fiscal   year-end 2008, plans to reduce its quarterly operating expenses by approximately   10% from the fourth quarter fiscal year 2007 run rate, while maintaining   investments in its focused growth initiatives.
 
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  BEACON POWER CORP (NASD:   BCON0 "Up 13.4% on Friday"
 
  Beacon Power Corporation   designs, develops and is taking steps to commercialize advanced products and   services to support stable, reliable and efficient electricity grid operation.   The Company's primary business strategy is to commercialize its patented   flywheel energy storage technology to perform frequency regulation services on   the grid. Beacon's Smart Energy Matrix, now in development following the   successful conclusion of scale-power demonstrations in two states, is a   prototype for a non-polluting, megawatt-level, utility-grade flywheel-based   solution that would provide sustainable frequency regulation services. Beacon is   a publicly traded company with its research, development and manufacturing   facility in the U.S. For more information, visit www.beaconpower.com.
 
  BCON News:
 
  July 5 - Beacon Power Announces Compliance with   NASDAQ Continued Listing Requirements
 
  Beacon Power Corporation (NASD:   BCON), a company that designs and develops advanced products and services to   support more stable, reliable and efficient electricity grid operation, has   announced that on July 3, 2007, it received a letter from The NASDAQ Stock   Market stating that, because the closing bid price of the Company's common stock   has been at $1.00 per share or greater for at least ten consecutive business   days, Beacon has regained compliance with Marketplace Rule 4310(c)(4).
 
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  MAJESCO ENTERTAINMENT (NASD: COOL) "Up 12.3% on Friday"
 
  Headquartered in Edison,   NJ, with an international office based in Bristol, UK, Majesco Entertainment   Company (NASDAQ: COOL) is an innovative provider of video games and digital   entertainment products for the mass market, with a focus on publishing video   games for leading portable systems and the Wii console. Current product line   highlights include Cake Mania for the Nintendo DS, Cooking Mama: Cook Off for   the Wii console and JAWS Unleashed. More information about Majesco can be found   online at www.majescoentertainment.com.
 
  COOL News:
 
  July 6 -   Video Game Stocks Mixed Ahead of E3 Conference, Majesco Jumps
 
  Shares of   video game publishers were mixed Friday ahead of next week's industry   conference, the E3 Media & Business Summit -- formerly known as Electronic   Entertainment Expo -- which starts Wednesday in Santa Monica, Calif.
 
  This year's event has been scaled down considerably from 60,000-person,   celebrity-studded extravaganza of years past. Only about 30 of the largest video   game companies will be in attendance, down from hundreds in prior years.
 
  Shares of Majesco Entertainment Co., a small game developer whose titles   include "Cooking Mama: Cook Off" for the Nintendo Wii, and "Black and Bruised"   for Sony's PlayStation 2, soared after a Nollenberger Capital Partners analyst   started coverage with a "Buy." rating.
 
  The New Jersey-based company's   stock rose 17 cents, or 11.6 percent, to $1.63. It has traded between $1.13 and   $2.13 in the past year.
 
  Nollenberger Capital analyst Todd Greenwald sees   Majesco benefiting from Nintendo's runaway success with the Wii and the handheld   DS.
 
  "Over the past six months no hardware vendor has had as much   momentum or market share gains as Nintendo," despite supply constraints for both   the Wii and the DS, he wrote in a note to investors. "We believe the Nintendo   story has legs and that Majesco will be a beneficiary."
 
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