OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, March 5th SPNG, ENDE, PANC, QTWW

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Our Stocks to Watch today include SpongeTech Delivery Systems, Inc. (OTCBB: SPNG), EnDevCo, Inc. (OTCBB: ENDE), Panacos Pharmaceuticals, Inc. (NASD: PANC), Quantum Fuel Systems Technologies Worldwide, Inc. (NASD: QTWW)

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SPONGETECH DELIVERY SYSTEMS (OTCBB: SPNG)

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

Company Profile: http://www.otcpicks.com/spongetech/spongetech.htm

SpongeTech Delivery Systems is a production stage company which designs, produces, markets and distributes cleaning products for vehicular use utilizing patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, which is loaded with specially formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. The Company's products are currently designed specifically for vehicular cleaning use. However, the Company is exploring the possibility of using its patented technology for the development of sponges for other uses, including for use with anti-bacterial, bath and kitchen soaps for household uses, as well as for use as a children's bath foam sponge.

ENDEVCO INCORPORATED (OTCBB: ENDE)

"Up 28.57% in morning trading"

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

EnDevCo, Inc., together with its subsidiaries, engages in the exploration and production of oil and gas in the United States and Colombia. It has operations in Eugene Island Block 294 and/or Chandeleur Block 14 in Gulf of Mexico. The company also has an option to participate in the acquisition and processing of 101 kilometers of 2D seismic, and to participate on a joint venture basis in wells to be drilled after the interpretation of seismic on Rio Magdelena Association Contract comprising 58,546 hectares situated in the Upper Magdelena River region of Colombia. In addition, it holds a 98.712% working interest in the West Short Junction Unit and a 100% working interest in the Central Short Junction Unit located in Oklahoma City, Oklahoma. The company was incorporated in 1980 as Roberts Oil and Gas, Inc. and changed its name to Adair International Oil and Gas, Inc. in 1997. Further, it changed its name to EnDevCo, Inc. in 2003. EnDevCo is based in Houston, Texas.

PANACOS PHARMACEUTICALS INCORPORATED (NASD: PANC)

"Up 23.19% in morning trading"

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

Panacos Pharmaceuticals, Inc., a development stage biotechnology company, engages in the discovery and development of small-molecule oral drugs designed to treat Human Immunodeficiency Virus (HIV) and other human viral diseases. Its lead product candidate, bevirimat, under Phase 2 clinical trials, is a class of drug candidates that works by a novel mechanism of action called maturation inhibition. The company's discovery technologies focus on novel targets in the virus life cycle, including virus maturation and virus fusion. It also has research and development programs designed to generate second and third-generation maturation inhibition products; and a research and development program focused on an early step in the HIV virus life cycle, fusion of the HIV virus to human cells. The company was founded in 1999 and is headquartered in Watertown, Massachusetts.

QUANTUM FUEL SYSTEMS (NASD: QTWW)

"Up 26.67% in morning trading"

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

Quantum Fuel Systems Technologies Worldwide, Inc., an integrated alternative energy company, engages in the development and production of propulsion systems, energy storage technologies, and alternative fuel vehicles. The company designs, manufactures, and supplies packaged fuel and battery systems for use in fuel cell, hybrid, hydrogen, and alternative fuel vehicles. Its portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. The company's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular and transportable hydrogen refueling stations. Quantum's customer base includes automotive original equipment manufacturers, dealer networks, fleets, aerospace industry, military, and other government entities. The company operates in the United States, Canada, Japan, Germany, and Norway. Quantum has strategic alliance with AM General, General Motors, Sumitomo Corporation, and Unique Performance, Inc. The company was founded in 2000 and is headquartered in Irvine, California.

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OTCPicks.com is fast becoming the premier Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. OTCPicks.com presents the latest information for the discerning small cap and microcap investor.  The site features informative articles on microcap investing, the top penny stock picks, and a wealth of small cap research on vertical markets. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.

Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

Disclosure: OTCPicks.com has been compensated seventeen thousand dollars by the company and four hundred thousand free trading shares by a non-controlling third party for multiple 30-day SPNG IR programs.

OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.