Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), WorldWater & Solar Technologies Corp. (OTC BB: WWAT), Energy Conversion Devices, Inc. (NASDAQ: ENER), Marathon Acquisition Corp (AMEX: MAQ), Goodrich Petroleum Corporation (NYSE: GDP)
Featured Stock: VIASPACE Inc. (OTCBB: VSPC)
Current Price (0.04)
http://www.WallStreetStockReview.com
VIASPACE Energy Begins Overseas Sales of Its Battery Electrode Health Analyzer With Order in Japan
PASADENA, Calif., June 25 -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a company that transforms proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions, announced today that it has received an order for its state of the art BA-1000 Battery Electrode Health Analyzer product from Hohsen Corporation of Japan. Hohsen Corporation is a major distributor of high technology products including fuel cell and battery test stations to both manufacturers and universities in Japan, which includes many of the world's largest battery manufacturers such as Sanyo and Sony corporations in the multi-billion dollar lithium battery market.
Improving the performance and safety of lithium batteries is a major challenge for battery manufacturers and university researchers throughout the world. Battery capacity and safety is limited by electrode changes during charge and discharge cycles. The BA-1000 Battery Electrode Health Analyzer is the first instrument developed to study these changes using a new, patent pending, nondestructive technique, which enables continuous analysis over the lifecycle of the battery.
VIASPACE CEO Carl Kukkonen stated, "Hohsen is a well respected corporation in the battery field in Japan, with many major Japanese battery manufacturers and respected universities among its customer base. We believe that the BA-1000 will help customers rapidly develop and optimize new designs for rechargeable batteries for electronics, power tools and electric vehicles."
About VIASPACE: Founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please see www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.
Source: VIASPACE Inc.
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WorldWater & Solar Technologies Corp.
(OTC BB: WWAT)
Current Price (0.58)
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EWING, N.J.-- WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that its new ENTECH manufacturing facility in Fort Worth, Texas, remains on track to open in July. The 70,000 square foot center has a planned capacity for 200 Megawatts of production. ENTECH has already taken delivery of certain testing equipment and machinery for the initial 50 MW line, which is expected to begin rolling out concentrator systems for validation during the third quarter. The company anticipates having prototypes available in the September timeframe, with IEC certification in the first half of 2009. Prior to obtaining IEC 62108 qualification, the company will be testing to UL SU 8703 and IEEE 1513 standards.
Energy Conversion Devices, Inc.
(NASDAQ: ENER)
Current Price (75.08)
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ROCHESTER HILLS, Mich., June 24 -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER - News), a global manufacturer of thin- film flexible solar laminate products for the building integrated and commercial rooftop markets, announced that it has closed its previously announced concurrent public offerings of 1,460,500 shares of common stock at a price of $72.00 per share, and $316.3 million aggregate principal amount of 3.00% convertible senior notes due 2013, raising net proceeds of approximately $405.3 million. These figures include the exercise of the underwriters' options to purchase additional shares of common stock and notes, which were exercised in full.
Marathon Acquisition Corp
(AMEX: MAQ)
Current Price (7.86)
http://www.WallStreetStockReview.com
NEW YORK, NY-- Jun 26, 2008 -- Marathon Acquisition Corp. (MAQU - News) (AMEX:MAQ - News) (OTC BB:MAQWS.OB - News) announces that Global Ship Lease, Inc. expects to pay a starting dividend of $0.18 per share on its Class A common shares to be declared shortly after the merger of Marathon and Global Ship Lease. The record date is expected to be within ten days after the closing of the proposed merger which is expected to occur in mid-August. This starting dividend is in addition to the previously announced regular quarterly dividend of $0.18 per share commencing with the third quarter of 2008 and increasing to $0.19 per share commencing with the third quarter of 2009. The dividend for the third quarter 2008 is currently expected to be paid in November 2008.
Goodrich Petroleum Corporation
(NYSE: GDP)
Current Price (68.66)
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HOUSTON, June 25 -- Goodrich Petroleum Corporation (NYSE: GDP - News) today announced that John T. Callaghan has resigned from its board of directors. Mr. Callaghan has served as a member of the Company's board of directors since June 2003. As a result of the recent appointment of Ernst & Young LLP as auditors of the Company, Mr. Callaghan no longer qualified as an independent director under New York Stock Exchange rules due to family relationships with persons associated with that firm. In his letter of resignation, Mr. Callaghan stated, "It is with regret that I resign from the Board of Directors of Goodrich Petroleum. I have enjoyed my association with the company, the board and management. I remain enthusiastic about the future of the company."
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