PASADENA, CA 6/30/2008 8:10:00 PM
News / Finance

VSPC Penny Stock Pick of the Week

VIASPACE Inc. (OTCBB: VSPC), transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions

Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), Far East Energy Corporation (OTC BB: FEEC), XsunX, Inc. (OTCBB: XSNX), 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 SUBSIDIARY DIRECT METHANOL FUEL CELL CORPORATION AND POLYFUEL INITIATE METHANOL CARTRIDGE COLLABORATION

   

PASADENA, CA, USA.—June 30, 2008—VIASPACE Inc. (OTCBB: VSPC), announced today that its subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) has received a purchase order  from PolyFuel of Mountain View, California to assist with the design of disposable methanol fuel cartridges.   

 

PolyFuel is a world leader in engineered membranes for fuel cells and has developed a new family of hydrocarbon membranes that exhibit performance characteristics never before simultaneously achieved with any other fuel cell membrane material. Leading Japanese and Korean consumer electronics companies rank PolyFuel's hydrocarbon membrane as the best portable fuel cell membrane available in the world today.  PolyFuel also has DMFC stack and system technology, which it will share with its membrane customers as reference designs.

 

Direct Methanol Fuel Cell Corporation and PolyFuel will collaborate in the design of a fuel cartridge for micro fuel cells using PolyFuel’s membrane material.

 

VIASPACE through DMFCC designs and manufactures disposable fuel cartridges for portable electronics applications.  DMFCC has cartridge manufacturing partners in Japan, Korea and the US.  Disposable fuel cartridges are the consumable in the potential billion-dollar fuel cell cartridge business and cartridges represent a recurring revenue stream.  DMFCC has licensed the extensive Caltech/USC portfolio of direct methanol fuel cell related patents.

 

VIASPACE also manufactures and distributes fuel cell and battery test equipment and high-quality and safe rechargeable lithium-based batteries. 

 

 Carl Kukkonen, CEO of VIASPACE and DMFCC, commented, “We are pleased to begin this new collaboration with PolyFuel. We have known PolyFuel for many years and have the highest respect for their membranes and their fuel-cell design capabilities.    We believe that our cartridge expertise coupled with their deep fuel cell knowledge will hasten micro fuel cell commercialization.  We will use our internal expertise as well as that of our world class manufacturing partners, including SATO Group of Japan, Nypro of the U.S. and Tyco Electronics.”

 

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. VIASPACE is located in Pasadena California.  For more information, please see www.VIASPACE.com, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.

 

 

 

Press contact: Carl Kukkonen 626-768-3360

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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.

 

 

For an in-depth analyst report, please visit:  http://www.WallStreetStockReview.com 

 

 

 

Far East Energy Corporation

(OTC BB: FEEC)

Current Price (0.65)

http://www.WallStreetStockReview.com 

HOUSTON--(BUSINESS WIRE)--Far East Energy Corporation (OTC BB:FEEC - News) announced today that its 2008 Annual Meeting of Stockholders will be held on Tuesday, September 30, 2008, at 10:00 a.m., local time, at the Crowne Plaza Greenspoint, 425 N. Sam Houston Parkway E., Houston, Texas. The Board of Directors has established Tuesday, August 12, 2008, as the record date for determining stockholders of record entitled to notice of, and to vote at, the 2008 Annual Meeting of Stockholders.

 

XsunX, Inc.

(OTCBB: XSNX)

Current Price (0.38)

http://www.WallStreetStockReview.com 

ALISO VIEJO, Calif., June 26 -- XsunX, Inc. (OTC Bulletin Board: XSNX - News), a solar technology Company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced today that the manufacturing facility in Portland, Oregon is ready for inspection. The current tenants notified XsunX that demolition is ahead of schedule by 3 weeks and a walk through is scheduled for the week of July 7th. XsunX will as a result take possession of the manufacturing facility at least 2 weeks ahead of schedule.

 

Marathon Acquisition Corp

(AMEX: MAQ)

Current Price (7.80)

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 (75.68)

http://www.WallStreetStockReview.com 

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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