Austin, TX 11/8/2007 12:24:26 AM
Speak with other shareholders about: (OTCBB:IMCI), (OTCBB:ETLY), (OTCBB:HMSO), (OTCBB:LUCE), (OTC:PGPM)
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November 07 Infinite Group, Inc. (OTCBB: IMCI) today announced that IGI is a member of a team led by CACI International, Inc. (NYSE:CAI) that was awarded a $36 Million task order by the U.S. Navy to support its Navy Enterprise Maintenance Automated Information System (NEMAIS) Data Center operations. The task order, awarded under the Seaport II Enhanced contract vehicle, provides for one base year and three one-year options. The team will perform the work at the Naval Sea Systems Command (NAVSEA) site in Norfolk, Virginia and the Puget Sound Naval Shipyard in Bremerton, Washington. The new award continues existing support CACI has provided to the Navy for the NEMAIS Data Center. This work enhances CACI's and IGI's core lines of business in engineering services, network services, and business systems integration. Commenting on the award, Michael S. Smith, IGI's President and Chief Executive Officer, stated, "IGI is honored to be a member of this highly qualified team assembled by CACI, and we are pleased to be able to contribute to the NEMAIS Data Center Program. This contract also demonstrates IGI's support of CACI's commitment to support solutions that enhance mission readiness for our fleet and help secure our nation against the threats of global terrorism." IGI is also a Prime Contractor under the Navy's Seaport II Enhanced contract vehicle. The CACI Team with IGI offers the Navy nearly 15 years of experience providing technical and managerial support for federal and Defense Department security and data center operations. CACI also supports the follow-on program to NEMAIS, helping to implement the Navy Enterprise Resource Planning (Navy ERP) Program.
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Stock Price closed at: 0.54, Up 3.84% on 121,599 shares traded
November 07 ECOtality, Inc. (OTCBB: ETLY), a renewable energy company that acquires and commercially advances clean electric technologies and applications, today announced that it has acquired Electric Transportation Engineering Corporation (eTec) and its affiliated companies for $6.25 million in cash and stock. Specializing in the fields of alternative-fuel, hybrid (HEV) and electric vehicles (EV) and infrastructures, eTec is a recognized leader in the research, development and testing of advanced transportation and energy systems. The company also developed and holds exclusive patent rights to the eTec SuperCharge - a smart fast-charging system that extends battery life without the destructive effects of overcharging. As of November 6, 2007, eTec will operate as a subsidiary of ECOtality; there will be no changes to the company's management team. The acquisition of eTec, combined with the previous announced acquisitions of Innergy Power Corporation and Fuel Cell Store, will provide ECOtality a revenue base of companies having combined trailing twelve month revenues of $9.39 million as of September 30, 2007. To continue to execute the company's strategic growth plan and to complete the eTec acquisition, ECOtality successfully raised $3.5 million of capital from institutional investors. "The acquisition of eTec allows us to further grow financially, technologically and strategically in the areas of clean energy creation, storage and delivery," said Jonathan Read, president and CEO, ECOtality. "Through successful execution of our strategy to acquire and commercially advance revenue-generating companies and technologies such as eTec, ECOtality has become a diversified renewable energy company that will be a leader in changing the way we consume energy. With major automakers and federal agencies focused on advancing hybrid and plug-in electric vehicles, eTec's expertise in transportation, electrical infrastructure and industrial fast-charge systems expands our presence in the consumer market."
Products currently offered by eTec include the eTec SuperCharge fast charge system, EV battery chargers, EV traction batteries, hydrogen and CNG blending fuel dispensers and hydrogen ICE vehicle conversions. eTec's clients include major automotive companies, international airlines and airports, public utilities, leading research institutes, and federal government organizations, including the U.S. Department of Transportation and the U.S. Department of Energy. For more information about eTec, please visit www.etecevs.com.
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Stock Price closed at: 0.28, -12.22% on 382,538 shares traded
November 07 Hemis Corporation (OTCBB:HMSO) (FWB:XZA) is an international resource company with three exploration properties in Mexico and one in Alaska. Hemis is pleased to announce it has entered into a mineral exploration joint-venture agreement with Monte Cristo Gold Corporation, on Hemis' El Tigre project in Sonora, Mexico in the historic Mulatos Mining district. Pursuant to the agreement, Monte Cristo Gold Corporation may earn a 49%-undivided interest in the Hemis' interest to explore and commercialize the El Tigre project by paying USD$2,000,000 to Hemis within 12 months of the agreement. Monte Cristo Gold Corporation may increase its interest to 60% in the El Tigre project by paying a further USD$2,000,000 within 24 months of the agreement. Hemis will continue to be the operator of the joint-venture. The El Tigre project is located in the south-eastern Sonora along the Sonora Major gold-silver belt and its' Mojave Sonora Mega-Shear. The region has been mined for gold for over one hundred years. The area where the El Tigre property is located is 1,600 meters above sea level and is located on a hill. It lies approximately 250 km east of Hermosillo, the capital of Sonora. The project also includes the adjacent Porvenir mineral concessions. The area surrounding the mineral properties has breccia zones, breccia dikes and quartz veins, which stretches to the southeast and is said to contain not only gold but significant quantities of silver as well. Hemis has completed its phase one drilling program and has discovered metal values in two holes that justify a second drilling program to gain further information of a possible gold and molybdenum discovery. Hemis has already drilled three of the five known gold-bearing breccia zones and the initial results have been very positive. Norman Meier, President & CEO of Hemis, states, "We are committed to developing the El Tigre project in Sonora, Mexico. The partnership with Monte Cristo Gold Corporation gives Hemis a strong financial partner that will help advance a highly prospective area in our portfolio of properties."
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Stock Price closed at: 0.16, -5.88% on 338,933 shares traded
November 06 Lucas Energy, Inc. (OTCBB:LUCE), a U.S. based independent oil and gas company, is pleased to announce an initial production rate for the Hagen Ranch No. 3 well, southwest of Gonzales, Texas. The initial production rate from the Hagen well showed 163 BOPD and no water, considerably increasing Lucas' total daily production revenue. This is the first new lateral of the fiscal 2008 drilling program previously announced on Aug 30, 2007, and has proven highly successful. The program consists of an aggressive twelve month, ten well drilling program focused on substantially increasing production from its portfolio of over thirty properties. The management of Lucas Energy continues to show their ability to successfully increase production and reserves. The initial potential of the Hagen Ranch No.3 well is 63% higher than the forecast in the Forest Garb & Associates report dated March 31, 2007. The Hagen Ranch No.3 well was acquired in 2006 and is positioned on a 1330 acre lease which has room for at least two additional wells. James Cerna Jr., CEO of Lucas Energy Inc. commented "We are very pleased with the initial production from this well. The success of our first new lateral of the 2008 drilling program is an important step in building out our production from current assets of Lucas Energy."
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Stock Price closed at: 1.85, Up+5.11% on 18,900 shares traded
November 05 Pilgrim Petroleum Corporation (OTC: PGPM) is pleased to announce Pilgrim's nine months ended September 30, 2007 financial results maintain management's positive expectations. Since the fiscal year ending December 31, 2006, the Company has kept steady revenues and has maintained its earnings-per-share (EPS) of $.01. P/E Ratio is situated at $0.8 with the average of the stock price of $0.0081. The company estimates adding at least 25% growth for the end of the year 2007 earnings as well as an improved asset portfolio. Next week, the company will release a corporate update to shareholders, giving additional details of its latest acquisitions. Pilgrim Petroleum Corporation's CEO, Rafael Pinedo said: "Our Management believes in the company's incremental and steady growth potential. Although crude prices have been dramatically increasing, our revenues and reserves may set a record this year. Pilgrim is now focused on higher profitability, long-term sustainability and increasing proven reserves." Stock Price closed at: 0.007, -4.1% on 3,066,239 shares traded
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