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MegaWest Energy Corp., (OTCBB:MGWSF)
CALGARY, May 12 - MegaWest Energy Corp., (the "Company" or "MegaWest"), (OTCBB:MGWSF) is very pleased to announce that its thirty day trailing average production rate has reached approximately 250 barrels of oil per day ("bopd"). During this 30-day period oil production rates have ranged from a low of 170 bopd to a recent high of 348 bopd. Oil production rates indicate that the steam drive process is performing as designed in each of the Company's two steam drive projects at Marmaton River ("Marmaton") and Grassy Creek ("Grassy") in the Deerfield area of western Missouri. Oil production is expected to continue to ramp up towards the combined design capacity of 1,000 bopd over the next few months. The Company's announcement on March 8, 2010 specified that MegaWest had reached a 7-day trailing average oil production rate of 250 bopd and subsequently, the Company encountered surface facility related production challenges due to hotter than expected produced fluids at both Marmaton and Grassy in Missouri.
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Minatura Gold (OTCBB:MGOL)
MEDELLIN, Colombia—May 12-- Minatura Gold (OTCBB:MGOL) ("MGOL") is pleased to announce the launch of its new website: www.minaturagold.com.
The newly designed website offers visitors ease of use and comprehensive, in-depth information on MGOL's corporate profile, management, projects, and strategic plans. This website will be an important resource to existing shareholders, prospective investors and the investment community at large, as well as to MGOL's strategic partners.
Paul Dias, CEO of MGOL, stated, "Minatura Gold is committed to maintaining outstanding communication with our existing shareholders and prospective investors-and our website is no exception. As our company grows, we will continue to update our website with new features and content that help stakeholders learn about our business, its performance and potential, as well as about our corporate values and commitment to societal improvement in Colombia."
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MegaWest Energy Corp., (OTCBB:MGWSF)
CALGARY, May 12 - MegaWest Energy Corp., (the "Company" or "MegaWest"), (OTCBB:MGWSF) announces that, in an effort to create value, rationalize assets and minimize cash expenditures, it has completed the following transactions in its Montana undeveloped land base.
The Company has farmed out its working interest in its 14,500 acre (7,800 net) Teton Prospect located in Choteau County, Montana. The Farmee will pay all costs to casing point in up to 5 Test Wells to earn 75% of the Company's working interest in 2 sections (1,280 net acres) per well drilled. The first well is to spud by August 1, 2010. The Farmee will earn 75% of the Company's interest in all of the lands if it drills all 5 wells.
At Loma, a 6,000-acre exploratory property also in Choteau County, after conducting and evaluating several miles of 2-D seismic, the Company surrendered the leases rather than continuing to pay lease rentals on non-prospective lands.
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Optimized Transportation Management, Inc. (OTCBB: OPTZ)
PITTSBURGH, PA -- 05/12/10 -- Optimized Transportation Management, Inc. (OTCBB: OPTZ), the Pittsburgh, Pennsylvania-based freight transportation services and global supply chain solution enterprise has, since it reported its first new agent on March 17th of this year, already added nine (9) agents with projected revenues of $19 million dollars in annual gross revenue.
The latest agent added just yesterday, Joe Fuentes of Saginaw, Texas brings another million dollars in potential revenue to Optimized Transportation.
"Our agents act as middle-men, facilitating more cost-effective interaction between companies and their shipping providers. As a recruitment tool that offers unique upside profit potential, we issue our agents common stock in our company. This practice creates incredible loyalty to our company, in addition it helps the agents reach their financial goals," states Larry Berry, President and COO.
Mr. Berry is currently negotiating with 22 additional prospective agents, from which the company anticipates combined revenues of as much as $50 million by the close of 2010.
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Next One Interactive Inc. (OTCBB: NXOI)
FORT LAUDERDALE, FL -- 05/12/10 -- Next One Interactive Inc. (OTCBB: NXOI), today announced its wholly owned subsidiary R&R TV Network has begun live streaming of its full time Television network on www.RRTV.com . Consumers are now able to watch the channel from their home computer, laptop or mobile device no matter where they are. This introduction of live streaming on the web serves a dual purpose by both expanding R&R's viewership reach while at the same time providing R&R TV new revenue source through its advertising and marketing partners. Not only do advertisers receive increased exposure for their Television ads and special offers, but they will also receive additional marketing opportunities through pre-roll advertising and linked banner ads and contextual display ads surrounding the streaming video player. This allows viewers the option to both watch and immediately transact. The streaming video feed is originating out of Capital Broadcasting Corporation in San Diego through our broadcast station Channel 43. R&R will continue to grow its distribution of the network on multi-media platforms consistent with the business goals of both R&R TV Network and the parent company Next One Interactive Inc.
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