Austin, TX 10/10/2007 8:58:04 PM
News / Finance

Speak with other shareholders about: (OTCBB: GTEC), (Nasdaq: ALTI ), and (OTCBB: USEI ) .

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Genesis Technology Group, Inc. (OTCBB: GTEC ), continues trading up slightly on heavier than usual volume today following the company's announcement on October 9, 2007, the completion of a reverse merger with a company that owns and controls Laiyang Jiangbo Pharmaceuticals Co., Ltd. (''LJPC''), a Chinese pharmaceutical company. As required, the Company has completed the filing of its Form 8-K with the Securities and Exchange Commission and accepted delivery of the official audit performed by Moore Stephens Wurth Frazer and Torbet, LLP of Los Angeles, California.

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Altair Nanotechnologies Inc. (Nasdaq: ALTI ), is trading up 17% in early trading following the company's announcement October 9, 2007 that Altair Nanotechnologies Inc. 'Altairnano' (Nasdaq: ALTI ), AeroVironment, Inc. (Nasdaq: AVAV ), Micro-Vett, SPA and Go Green Holding AS, today jointly announced the successful public demonstrations of the All-Electric Fiat Doblo to government officials and potential commercial customers in Oslo, Norway. On October 2nd, half-way through an ongoing 60-day demonstration, the Micro-Vett Fiat Doblo, a regular size 5-seat station wagon vehicle, powered by a custom 18 kWh Altairnano high performance NanoSafe battery pack, traveled 300 kilometers (186 miles) in an urban delivery circuit. The custom battery pack was fully recharged in less than ten minutes a total of three times using AeroViroments' high voltage, 125kW rated, rapid charging system. The vehicle will be driven an estimated total of 7,500 kilometers during the 60-day demonstration period, which translates to an annual equivalent use of 45,000 kilometers.

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US Energy Initiatives Corporation (OTCBB: USEI) is trading up 20% on very heavy volume following their October 9, 2007 announcement that the company was providing an operational and financial update since the Company's recent acquisition. Further, the Company announced enterprise wide USEI is nearing a $5,000,000 annualized revenue rate.

"Our acquisition of SeaSpray in late August of this year has helped usher in a new era for the Company," said CEO Phil Rappa. "Our focus during the summer was elimination of expense and growth in revenues. I am pleased to report progress on both fronts. We have eliminated approximately $4,000,000 in annualized expenses previously dedicated to technology development. At the same time, through our acquisition of SeaSpray which has been renamed Advanced Aerosol, we have reached an enterprise wide revenue milestone that is a first for our company."

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