Austin, TX 12/5/2007 11:12:00 PM
Speak with other shareholders about: (OTCBB:QBIK) , (OTC BB:GLOW) , (OTCBB: NSATF), (OTC BB:GLLA)
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Cubic Energy, Inc.
(OTCBB:QBIK) Current Price (1.30) DALLAS, Dec. 3, 2007 -- Cubic Energy, Inc. (OTC BB:QBIK.OB - News) (''Cubic'' or the ''Company'') announces today the current drilling of two additional Cotton Valley and Hosston wells in its Johnson Branch acreage in Caddo Parish, Louisiana. The Bonomo 35 No. 1 located in Section 35 T16N-R15W spud on November 23, 2007, and the Rye 34 No. 1 located in Section 34 T16N-R15W which spud on November 28, 2007, are each permitted to drill to a total depth of 10,500 feet. The Scotia Group, Inc. is an independent reservoir consulting firm with offices in Dallas and Houston, Texas. The company, its officers and employees have no financial interest in Cubic Energy, Inc. The preliminary net pay results expressed in this press release are based on interpretative evaluations of wire line logs. The actual production results are subject to a wide range of uncertainties including fracture stimulation and well completion activities. All opinions expressed herein are made pursuant to the Safe Harbor Provisions stated below.
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Glowpoint, Inc.
(OTC BB:GLOW) Current Price (0.47) HILLSIDE, N.J.--Dec 3--Glowpoint, along with partners MSpace and TANDBERG, announced today that they will partner with the Freedom Calls Foundation, a non-profit organization, to provide free videoconferences for military families in the U.S. with their loved ones stationed in Iraq on Thursday, December 13, 2007 over the Freedom Calls satellite network. The combined effort is titled, "Mission: See Your Soldier." Glowpoint, Inc. (OTC:GLOW.OB - News) is a premiere broadcast-quality, IP-based managed video service provider. Glowpoint offers videoconferencing, bridging, technology hosting, and IP-broadcasting services to a vast array of companies, from large Fortune 100 enterprises to small and medium-sized businesses. Glowpoint's managed-video services are available bundled with Glowpoint's quality-network offering or as a value-added managed-video service across other networks. Glowpoint is exclusively focused on quality two-way video communications and has been supporting millions of video calls since its launch in 2000. Glowpoint is headquartered in Hillside, New Jersey. To learn more about Glowpoint, visit www.glowpoint.com.
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Norsat International Inc.
(OTCBB: NSATF) Current Price (0.65) VANCOUVER, BC----Dec 3, 2007 -- Norsat International Inc. (Toronto:NII.TO - News) (OTC BB:NSATF.OB - News), a leading provider of intelligent satellite solutions, announced today that it provided a satellite terminal and associated support services to the United States Military Academy at West Point, for the Army-Navy football game held on December 1, 2007. This enabled the Academy to disseminate footage of the pre- and post-game events for the first time. Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. Additional information is available at www.norsat.com. Further information is available through email at investor@norsat.com or by phone, 1-604-821-2808.
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Gilla Inc.
(OTC BB:GLLA) Current Price (0.85) CARSON CITY, Nev.--Dec 3 -- Gilla Inc. ("Gilla")(OTCBB:GLLA - News) has rescinded the Letter of Intent with Eastmark Limited, a private corporation, as reported in the latest 10Q-SB.Gilla has entered into a non-binding Letter of Intent with Free Mining Company S.A. ("FMC") to acquire all the issued and outstanding of FMC, which is the owner of the rights of two mineral properties in Cameroon, respectively know as Mfoumou and Sele. The Government of the Republic of Cameroon has issued an order giving two exploration permits. The permits have been issued for three years and call for exploration expenditures amounting to a total of approximately $600,000 on both properties during those three years. It is understood that, under the Republic of Cameroon Mining Code, a development and exploration permit will be granted to Gilla. For disclosure purposes, Credifinance Capital Corp, the parent of the Agent, is the controlling shareholder of Gilla and Georges Benarroch, President/CEO of Credifinance Securities Limited, Credifinance Capital Corp., is the President and a director of Gilla. Gilla Inc., a Nevada Corporation, is a mineral-property development company specializing in acquiring and consolidating mineral properties with production potential and future growth through exploration discoveries. Acquisition and development emphasis is focused on properties containing gold and other strategic minerals.
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