OTCPicks.com Stocks to Watch for Friday, December 21st CJGH, EDEX, AEGG, GINV, LSGP, UPDA

Our Stocks to Watch tomorrow include China Jiangsu Golden Horse Steel Ball, Inc. (OTC: CJGH), Eldorado Exploration Inc. (OTC: EDEX), The American Energy Group, Ltd. (OTCBB: AEGG), Global Innovation Corp (OTCBB: GINV), Lighting Science Group (OTCBB: LSGP), Universal Property Development and Acquisition Corporation (OTCBB: UPDA)

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CHINA JIANGSU GOLDEN (OTC: CJGH)
"Up 620.93% on Thursday"

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

China Jiangsu Golden Horse Steel Ball, Inc., is one of the leading corporations manufacturing steel balls bearings in China, and it is also an enterprise producing stainless steel balls appointed by the coal industry department. The major products include steel balls bearings classified as G5,G10,G16 with the specifications of F1.0mm ~ F31.75mm and stainless and carbon steel balls with various specifications. These products are registered as "XI Ball" brand. Golden Horse Steel Ball manufactures various kinds of non-standardized steel balls and a highly effective vibration isolating lubricant. Our company currently employs 350 employees, of which 50 employees are engineers. The company's headquarters resides on a 20,000 square meter area of land. The steel balls manufactured by our company corporation have been awarded products of quality certificate and clinched the title of famous products produced by township enterprises of Jiangsu province. In recent years, through the cooperation with THT professional steel balls manufacture enterprise (Japan), the level of management, manufacturing processes and techniques has been increased continuously. The quality of steel balls is up to the top world-class and earns very good reputation among the steel balls manufacturing companies. In 1997 the corporation had obtained the Certificate ISO9002 Quality System issued by the China Quality Recognition Center, and we had got the certification to self export and import freely from abroad in 2001. Now the corporation has been awarded the Certificate of Recognition by the American QS9000 Quality System as well as TS16949 from UK IRQA in Jan. 2006. After being assessed by the Jiangsu Far Eastern International Certified Valuators Corporation Ltd., we have been ranked as AAA Enterprise of the year 2003. The manufacturing scale of the corporation is on the list of the ten biggest steel ball bearings manufacturing factories and our quality is one of the top five in China. The corporation positively introduces new technique and material to develop new products and has developed 15 new products, such as stainless steel balls, aluminum and ceramics balls. In addition, the corporation is expanding foreign trade business and its products have been exported to over twenties countries and areas, including America, Japan, Spain, Italy and India, Brazil Australia, Germany, Taiwan, Hongkong, Vietnam and others.

CJGH News:

December 20 - China Jiangsu Golden Horse Steel Ball Announces Corporate Update

China Jiangsu Golden Horse Steel Ball, Inc. (OTC: CJGH) ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, announced a corporate update.

"The change of our corporate name and ticker symbol on October 5, 2007 marks a new beginning for our Company," said Golden Horse Chairman and President, Qiang Ma. The Company changed transfer agency from American Registrar & Transfer Co. to Global Sentry Equity Transfer Inc.

Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.

Mr. Ma further stated, "Our Company has focused solely on the production of steel balls, since our founding in 1987. Today we are one of China's largest producer and a leading specialized manufacturer in this area. Our high technical standards, our drive for quality improvements, and our efforts to reduce production costs, have earned us respect. In turn, we have always held our customers in the highest regard. We have gained trust with not only leading bearing manufacturers in China, but with bearing manufacturers throughout the world. Our position as a leading company in this field has allowed us to improve both the technology and the standard of steel balls. As always, we strive for the highest goal. Our company goal is to continue to improve our technical skills and to provide the best for society. Golden Horse Steel Ball believes its future will be built by people who combine a desire to improve their own skills with the desire to achieve their best."

ELDORADO EXPLORATION INCORPORATED (OTC: EDEX)
"Up 100.00% on Thursday"

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

Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization (PIP) to detect electrostatic signals given off of some geological anomalies. In most cases, a positive response indicates a hydrocarbon accumulation and a negative reading is almost always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.

EDEX News:

December 19 - Eldorado Exploration, Inc. Year End Update

Although 2007 was a down year for Eldorado Exploration Inc.'s (OTC: EDEX) stock price, the overall future of the Company could be poised for a big boost in 2008.

EDEX will finish the testing of the Mesa gas field in New Mexico and is negotiating with an investment group to provide financing to drill a minimum of 15 wells to prove up the reserves necessary to get the pipeline built. The first income would not start until 2009, but the reserve value behind EDEX stock should be a large multiple of the present share price. The Company also has two additional lease positions of 15,000 acres and 16,000 acres, with almost identical 'PIP' readings, located to the west of Mesa that the Company will drill. If all three blocks are successful, Eldorado Exploration, Inc. could have over 150 gas wells in New Mexico.

The North Dakota well in the Williston Basin should be completed in the first Quarter of 2008. A partner in the well will be replaced and other financing will be arranged to allow the operator to finish the completion of the well. Additional wells are being drilled by others on 'PIP' identified sites in North Dakota and those results should be known in January. EDEX will evaluate the results of several wells in the Lodge Pole Formation before committing funds for additional drilling.

With each successful well Eldorado Exploration, Inc. participates in, the next prospects become easier to fund. The Company tries to drill prospects with many offset or "close-by" wells with a much lower risk factor; therefore, when an exploratory well is drilled, there can be many more wells to drill on the same prospect or lease block. A good example is the Mesa field with a gas well drilled in the middle of an 11,000 acre Eldorado Exploration lease block; whereas, the EDEX may have at least 30 offset wells according to early projections.

The Company is also participating in two 4000 ft. wells during January and February, 2008. If successful, the cash flow could start within 90 days of completion. There are over 50 additional PIP-identified locations for the Company to participate in if the wells are productive. EDEX has a reduced interest in the first wells drilled, but has no "at risk" money involved. Potential income could exceed $20,000.00 per month per well to the Company.

EDEX has acquired leases outright, or options, to drill on over 100,000 acres with hundreds of 'PIP' sites in 5 states. The early ground work and drilling has been done; now, the Company hopes to participate in the development the opportunities that we have spent the last 3 years accumulating.

Eldorado Exploration, Inc. has not sold any stock to raise funds recently because of the low price per share and further dilution. The Company has positioned itself to promote the interest in new wells with partners who will put up the risk money, or even all of the funds required, for half of Eldorado Exploration's share. This is allowing the EDEX to participate in the drilling of wells without having to sell additional stock to raise money.

Eldorado Exploration was formed to search for big targets with big wells using the Passive Induced Polarization (PIP) Geophysical technology. We now have the opportunity in 2008 to show what we can do. There has never been a better time to be in the oil exploration business and we are finally ready to reap the rewards from our leasing and 'PIP' surveying. With hundreds of drill sites and partners to put up the risk money, we will be positioned for EDEX to grow from an exploration company into a production company. It has been a struggle at times, but our mission has never changed. We have had to adjust, but will not rest until EDEX is very successful.

"Please contact me by phone or e-mail at any time. I am proud of Eldorado Exploration, Inc. and thank you for your continued support. Together, we will prevail," said David T.(Tom) Laurance, President, Eldorado Exploration, Inc.

AMERICAN ENERGY GROUP NEW (OTCBB: AEGG)
"Up 60.00% on Thursday"

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

The American Energy Group, Ltd. engages in acquisition and development of oil and gas properties. It owns an 18% overriding royalty interest in the Yasin Concession in Pakistan, and a working interest in an oil and gas lease in Galveston County, Texas. The company was incorporated in 1987 as Dimension Industries, Inc. It later changed its name to DIM, Inc.; to Belize-American Corp. Internationale; and to The American Energy Group, Ltd. in 1994. The company is based in Westport, Connecticut.

AEGG News:

December 20 - Hycarbex-American Energy, Inc. Announces Bidding on Haseeb #1 Surface Facility, Plan for Exploration Well in 2008 and Ministry Adoption of New Petroleum and Exploration Policy

The American Energy Group, Ltd. (OTCBB: AEGG) announced that Hycarbex-American Energy, Inc. ("Hycarbex") has announced that it has commenced public advertisement for construction bidding on its planned surface treatment facility for the Haseeb #1 Well drilled by Hycarbex in 2005. The bidding period expires January 15, 2008. The facility will treat the production gas from the Haseeb #1 Well which will be sold into the Sui Southern Pipeline. The gas sales agreement is expected to be signed after the surface facility contract is awarded to the successful bidder and the facility completion date is agreed upon by Hycarbex and the contractor. The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession, including the Haseeb #1 Well. The working interest is co-owned by Hycarbex (85%), Techno Petroleum (Pvt) Limited (10%) and Government Holdings (Pvt) Limited (5%).

Hycarbex further announced that it plans to drill an exploration well on the Yasin Block (2768-7) during the first six (6) months of calendar 2008.

Hycarbex further announced that on November 6, 2007, the Ministry of Petroleum & Natural Resources approved the new Petroleum and Exploration Policy of 2007 (the "New Exploration Policy"). The New Exploration Policy contains several incentives to induce foreign investment and accelerate in-country exploration activities, including new petroleum pricing policies which will increase the gas pricing available for the Yasin Block (2768-7). The increased gas prices will materially benefit The American Energy Group, Ltd. due to its 18% royalty in the Yasin Block (2768-7), which includes both the Haseeb #1 Well and the 2008 exploration well planned by Hycarbex. The New Exploration Policy is published in its entirety at the website for the Ministry of Petroleum & Natural Resources, the internet address for which is http://www.mpnr.gov.pk/.

GLOBAL INNOVATION CORPORATION (OTCBB: GINV)
"Up 60.00% on Thursday"

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

Global Innovation Corp., through its subsidiary, Best Circuit Boards, Inc., engages in the design, engineering, and manufacture of printed circuit boards principally in North America. It principally offers multilayer printed circuit boards, including antenna and metalback radio frequency circuit boards. The company's products are used in power systems, telecommunications, computer hardware, consumer electronics, and instrumentation and controls, as well as in satellite communications, avionics, missiles, smart bombs, defense systems, and radar detection and test equipment. Global Innovation markets its circuit boards to various commercial and military markets through direct sales people and manufacturer's representatives. Its customers primarily include original equipment manufacturers and electronic manufacturing service companies. Global Innovation also sells its products to customers in Canada, China, Denmark, Germany, Mexico, Poland, and the United Kingdom. The company was founded in 1985 and is headquartered in Wylie, Texas.

GINV News:

December 18 - ROO Group Announces Strategic Realignment, Appointment of New CEO, Reduction of Workforce and Board of Directors

Global Innovation Corp (OTCBB: GINV), a leading Electronic Manufacturer Services (EMS) company which designs, engineers and manufactures technologically advanced printed circuit boards, announced its financial results for the first quarter for fiscal year 2008.

Revenue: Net sales decreased to $8,439,772 for the three months ended October 31, 2007 from $9,422,696 for the same period in 2006, a net decrease of $982,924 or 10%. The decrease is due primarily to a reduction in revenue from our largest customer of approximately $1.5 million offset by increased sales of approximately $500,000 from the remainder of our top twenty accounts. The reduction in sales to our largest customer is a result of moving some of their production units to China combined with an overall decrease in the demand requirements for that product. The increase in revenue to the remaining customers is a result of the change in the technology mix that generates higher revenues. This increase is attributable to the new equipment and processes that have been implemented over the last several quarters.

Gross Profit: Gross profit for the three months ended October 31, 2007 was $1,789,845 compared to $1,746,652 for the same period in 2006, an increase of $43,193 or 2.5%. Gross margin increased from 19% for the three months ended October 31, 2006 to 21% for the same period in the current year. The increase in gross profit percentage is a result of the implementation of our strategy to outsource lower margin products and increase the level of technology within the existing capabilities of our Wylie manufacturing facility. The increase in gross profit dollars on approximately $1 million less in revenue provides the response that was expected when these initiatives were implemented over the last several quarters. As we are able to further implement these strategies, we expect to see both revenue and gross profit improve.

Income: Net income available to stockholders for the three months ended October 31, 2007 increased approximately $17,000 from $85,224 for the same period in 2006 to $101,578. While revenues were down from the same period in the prior year we were able to achieve a slight increase in net income. The increase is a result of the improvement in gross profit and a continued focus on controlling costs.

LIGHTING SCIENCE GROUP (OTCBB: LSGP)
"Up 40.00% on Thursday"

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

Lighting Science Group Corporation produces lighting products utilizing optimized digital lighting technology. The company offers lowbay fixtures, display lighting fixtures, standard form factor bulbs, candles, and flashlights. It markets its products for the commercial, industrial, and consumer lighting markets. The company sells its products through lighting and electrical distributors; parking garage operators; distributors in the spa, hospitality, and leisure sectors; and retailers of energy products, as well as through its Web site. Lighting Science Group is based in Dallas, Texas.

LSGP News:

December 20 - Lighting Science Group Helps New York Ring in the New Year in an Illuminating Fashion

At the stroke of midnight on January 1, 2008, New Yorkers - and people around the World - will ring in the New Year under the glow of a brighter and more energy-efficient Times Square ball illuminated by cutting edge Light Emitting Diode (LED) technology.

"For the first time in history, New Year's eve's most iconic image, the Times Square Ball, will be lit by LEDs," said Govi Rao, chairman and chief executive officer of Lighting Science Group (OTCBB: LSGP), the company responsible for making it possible.

Lighting Science Group (LSG) was commissioned by Philips Lighting to develop an LED lighting system to deliver the first environmentally friendly, brighter, more responsive New Year's Eve ball, while maintaining the core lighting elements of the old ball. The new ball is 6 feet in diameter and weighs 1,200 pounds, and consists of 9,576 Philips' LEDs and 672 of Waterford's double-cut crystals.

"Lighting Science was selected as a partner by Philips because we have a proven track record of successfully managing very complex LED projects from design to execution. In addition, we have unique capabilities to design and integrate hardware and software solutions - including optics, thermal management, power supplies and drivers - that control LEDs and provide a completely integrated solution," said Govi Rao.

The new ball incorporates both colored and white LEDs. The colored LEDs were designed to consume only 1-2 Watts of energy while delivering the same light output as last year's 40-Watt colored incandescent bulbs.

Rao continued, "LED's are the most responsive, and among the most energy efficient lighting technologies ever created. Finding a way to integrate the flexibility of all the ball's elements with the vision of the lighting designers was a unique challenge for LSG. Our engineers were able to create an integrated package that highlights all the best features of each element, the Philips LEDs, and the Waterford Crystals, to generate breath-taking displays, and lighting effects."

Countdown Entertainment, owners of the Time Square New Year's Eve event, commissioned Philips Lighting and Waterford Crystal to create the new ball. Lighting Science was hired by Philips to integrate both companies' technologies - specifically designing, integrating and assembling light engines to manage the ball's power and communications signals - to guarantee that this unique structure works on queue at the stroke of Midnight.

Lighting Science worked closely with Focus Lighting, the ball's lighting designer, and Hudson Scenic, the ball's structural framework designer and manufacturer, to ensure that the overall integration went seamlessly.

"The technology platform developed by Lighting Science boasts more than 16 million vivid, vibrant, highly-saturated colors as well as billions of possible effects," added Rao. "This New Year's Eve ball highlights our unique capabilities in delivering high performance LED based solutions and we are proud to help the world usher in the New Year - in a more responsible way."

UNIVERSAL PROPERTY DEVELOPMENT AND ACQUISITION CORPORATION (OTCBB: UPDA)
"Up 35.00% on Thursday"

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

Universal Property Development and Acquisition Corporation (UPDA) operates as a publicly funded oil and gas company that targets projects with high net revenue interests and proven energy reserves, where risk has been substantially reduced by technical evaluation and geophysics. The company, through its subsidiaries, engages in the acquisition, production, development, storage, distribution, and blending of oil and natural gas. UPDA, through its subsidiary, Canyon Creek Oil & Gas, Inc., owns approximately 63 wells on 2,772 acres located in the Ft. Worth Basin and other parts of Texas. Its subsidiary, Catlin Oil and Gas, Inc., owns 65 wells covering approximately 3,000 acres in Jack County, Texas. In addition, Ambient Wells Services, Inc., another UPDA subsidiary, performs oil and gas field services and well drilling operations, as well as work-over program on various UPDA properties. In addition, the company owns an oil and gas gathering system that includes approximately 85 miles of pipeline. As of December 31, 2006, UPDA had proved reserves of approximately 15,714 barrels of oil and 109,983 thousand cubic feet of natural gas. The company was incorporated in 1982 as Tahoe Lake Concession and changed its name to BAOA, Inc. in 1983. Further, it changed its name to Call Solutions, Inc. in 2000; to Procore Group, Inc. in 2003; and to Universal Property Development and Acquisition Corporation in 2005. The company is based in Juno Beach, Florida.

UPDA News:

December 20 - Universal Property Development and Acquisition Rated a 'Speculative Buy' with Target Price of $0.16 by Beacon Equity Research

Universal Property Development and Acquisition (OTCBB: UPDA) has been rated a Speculative Buy with a price target of $0.16 by Beacon Equity Research Analyst, Lisa Springer, CFA.

The full report is available at http://www.beaconequityresearch.com/.

Those interested in receiving alerts regarding Universal Property Development and Acquisition research should email members@beaconequityresearch.com with "UPDA" in the subject line.

In the report, the analyst writes, "Universal Property Development and Acquisition Corporation (UPDA) is engaged in exploration, development, production, storage, distribution, and blending of oil and natural gas. UPDA operates as a holding company, where it owns the controlling interest, which provides funding to develop proven energy reserves and cutting edge technologies. Through this business model, UPDA is able to better expand its portfolio of assets and broaden its base of knowledge and experience."

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