Stocksource.us brings you all the Stocks in the News: United States Oil and Gas Corp (PINKSHEETS: USOG), Sector 10 Inc. (OTCBB: SECI), Cancer diagnostics company Biomoda, Inc. (OTCBB: BMOD), Quepasa Corporation (OTCBB: QPSA), Sillenger Exploration Corp. (OTCBB: SLGX)
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United States Oil and Gas Corp (PINKSHEETS: USOG)
AUSTIN, TX, Jun 01, 2010 -- United States Oil and Gas Corp (PINKSHEETS: USOG) announced that it posted a gross profit of $737,000 and net income of $137,000 for the first quarter of 2010, on revenues of $5.6 million from the sale of refined fuels and other service activity. Cash at the end of the quarter was $503,000 with total assets of $6.7 million.
Results reflect the consolidated performances of the Company's two wholly owned operating subsidiaries, Turnbull Oil ("Turnbull"), which was acquired in May 2009, and United Oil & Gas, Inc. ("United"), which was acquired in January 2010.
Chairman and CEO Alex Tawse commented, "We are pleased with the results and are continuing to experience improvements that bode well for us and the industry in general. This is the first quarter with both subsidiaries' consolidated results and the profit and sales volume growth, especially with propane, is very encouraging."
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Sector 10 Inc. (OTCBB: SECI)
BELLEVUE, WA -- 06/02/10 -- Sector 10, Inc. (OTCBB: SECI) (FRANKFURT: 4RS1) announced today that several communities have requested special demonstrations to help educate people and local politicians to the benefits of the PLX-3D System. These special demonstrations will also help community leaders secure public funding to make their communities safer thru the implementation of Sector 10's unique systems.
In a previous press release, the Company had announced that several proposals were submitted to cities that had expressed interest. Although all of these proposals have had a positive response, one in particular (San Francisco) has grown in scope and size. The San Francisco program, when completed, could represent the future for all cities where the PLX-3D is implemented.
Sector 10, Inc. is currently building a special technology Demo Vehicle that will travel to cities initially in the west and east coast demonstrating the capabilities of the PLX-3D technology. The vehicle will be used as an interactive sales and educational tool and is expected to be on the road for its first demo in July 2010.
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Cancer diagnostics company Biomoda, Inc. (OTCBB: BMOD)
ALBUQUERQUE, N.M.--(June 2, 2010)-- Cancer diagnostics company Biomoda, Inc. (OTCBB: BMOD) (www.biomoda.com) and Obio, a corporation formed to pursue public and private funding for cancer research in Ohio, signed a memorandum of understanding (MOU) to establish a CLIA-certified Biomoda clinical laboratory in Ohio to support ongoing research and development on Biomoda's porphyrin-based assay for the detection of early-stage cancer.
The Clinical Laboratory Improvement Amendments (CLIA) were passed by Congress in 1988 to establish standards for laboratory testing and ensure the accuracy and reliability of patient test results. Laboratories that meet CLIA standards are certified by the U.S. Department of Health and Human Services.
"We are ready to expand our strategic alliance with Obio to include operational facilities that will put us in closer contact with Ohio's top-rated medical, scientific and technical resources," said Biomoda President John Cousins. "Ohio is proactively attracting promising biotech companies to the state through public initiatives that support research and commercialization. This fits perfectly with our strategic plan for taking CyPath(R) into the marketplace."
Biomoda currently is conducting clinical trials of its CyPath(R) labeling solution, an inexpensive, noninvasive assay designed to identify early-stage lung cancer by binding to cancer cells and causing them to fluoresce under ultraviolet light. Biomoda is seeking Food and Drug Administration (FDA) approval of its screening technology as a Class III medical device. CyPath(R) is currently for investigational use only.
Initially, the lab formed in partnership between Biomoda and Obio could employ up to 12 trained technicians to prepare fluid and tissue samples for immersion into the CyPath(R) labeling solution and subsequent screening under an ultraviolet microscope. Pending FDA approval, widespread commercialization of the CyPath(R) product would require significant expansion of the lab facility, creating additional jobs and a positive impact on Ohio's economy.
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Quepasa Corporation (OTCBB: QPSA)
WEST PALM BEACH, FL -- 06/02/10 -- Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, an online social network targeting the Latino community, today announced that the website saw a record 9.6MM unique visits during the month of May, a 55% increase over the prior month. Increased traffic was a result of enhanced site functionality and features. At the same time, registered users grew by 1.1MM new members to over 14MM.
"During the month of May, we introduced a number of features aimed at improving the user experience on Quepasa.com, such as a redesigned navigation panel, a more dynamic Playboy Mexico community and contest page and a new streaming video channel, all of which contributed to higher traffic figures, " said John C. Abbott, CEO of Quepasa Corporation. "Over the next several months, we will continue to emphasize improved site functionality, new social games and some very exciting sponsored contests."
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Sillenger Exploration Corp. (OTCBB: SLGX)
VANCOUVER, BRITISH COLUMBIA -- 06/02/10 -- Sillenger Exploration Corp. ("Sillenger") (OTCQB: SLGX)(OTCBB: SLGX), an innovative and progressive mineral exploration and claims management company, with experience in mining and business process management in Africa and other regions of the world, is pleased to announce that, through its relationship with FCMI Global Inc. and its African affiliates, Sillenger has entered into a contract with the Government of the Republic of Equatorial Guinea to conduct an airborne geophysical survey of the continental region (27,000 sq. km) of Equatorial Guinea, known as Rio Muni, as well as 30 km of Continental Platform (4,500 sq. km) off the Atlantic coastline.
Under the contract, Sillenger (FCMI) will be granted exploration mining concessions, including oil and gas concessions, which are revealed by the survey.
Equatorial Guinea, a major offshore oil producer, has a democratically elected government, and is one of the fastest growing economies in Africa. The Government of Equatorial Guinea has a strong desire to diversify its economy by developing its mining industry, and wishes to obtain a geological and geophysical database that will enable the detection of mineral, hydrocarbon and groundwater resources.
Mr. Diosdado Engono Bengono, General Director of Mines and Quarries, Ministry of Mines, Industry and Energy for the Republic of Equatorial Guinea stated, "It was a great honor working with you in order to succeed this Agreement. Entering into this agreement will enable our great Nation to develop its natural resource industries and diversify the economy of our Country, the Republic of Equatorial Guinea. This will generate many wonderful business and employment opportunities, and build the foundations for sustainable economic growth and stability, which will provide lasting prosperity for the great people of the Republic of Equatorial Guinea. We are looking forward to a long and mutually rewarding partnership."
"We consider this a significant opportunity for both Equatorial Guinea and Sillenger Exploration," stated Mr. John Gillespie, President and CEO of Sillenger Exploration, "and we are very honored to be in partnership with the Government to develop the Country's resources."
The Ministry of Mines, Industry and Energy of Equatorial Guinea, has provided Sillenger with all existing resource data for review by the Company's Director of Exploration, Dr. Allan Juhas, Ph.D as part of the "fast-track" process developed in partnership with the Government. All requisite permits, licenses and documentation are being prepared allowing the airborne geophysical survey to commence in July 2010.
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