Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), Kentucky USA Energy, Inc. (OTC BB: KYUS), Microsoft Corp. (NASDAQ: MSFT), Tengasco, Inc. (AMEX: TGC), Citigroup, Inc. (NYSE: C)
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, Calif., June 30 /PRNewswire-FirstCall/ -- VIASPACE Inc (OTC Bulletin Board: VSPC - News), 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 http://http://www.viaspace.com/, or contact Dr. Jan Vandersande, Director of Communications at 800-517-8050, or http://mailto: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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Kentucky USA Energy, Inc.
(OTC BB: KYUS)
Current Price (2.29)
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LONDON, Ky.-- -Kentucky USA Energy, Inc. (OTCBB: KYUS), an early stage natural gas exploration and production company, announced today that the Company has closed on a $10 million senior secured credit facility with NSES 12, LLC, a funding vehicle of New Stream Capital (“NSES”). At closing, the Company borrowed $2,500,000 and, at the sole discretion of NSES, may borrow up to an additional aggregate amount of $7,500,000 in tranches of a minimum of $2,500,000. All amounts borrowed from NSES must be used for the Company’s development of its drilling program on its New Albany shale properties in the Illinois Basin in western Kentucky. This financing will provide the Company with the capital needed to begin to develop these properties. The NSES credit facility is secured by all of the properties now owned and to be acquired by the Company’s operating subsidiary, KY USA Energy, Inc., and the revenues to be derived from the production of natural gas on these properties, and is guaranteed by the Company.
Microsoft Corp.
(NASDAQ: MSFT)
Current Price (25.89)
http://www.WallStreetStockReview.com
PARIS, -- Competition begins today for 370 students from 61 countries and regions competing for $240,000 in prize money at the Imagine Cup 2008, an annual competition that gives students around the world the chance to unlock their creative genius and create technology solutions that can help address some of the world's toughest social challenges.
Tengasco, Inc.
(AMEX: TGC)
Current Price (2.47)
http://www.WallStreetStockReview.com
KNOXVILLE, TN -- Tengasco, Inc. (AMEX:TGC - News) today closed the previously announced purchase by the Company from Black Diamond Oil, Inc. of an expected 80 barrels per day of oil producing properties and related leases and equipment in Rooks County, Kansas for $5.35 million effective as of July 1, 2008. The Company has acquired producing oil wells and saltwater disposal wells, equipment, and the underlying working interests in leases comprising what is known as the Riffe field that had been owned by Black Diamond for many years. The purchase price was paid primarily from borrowings under its credit facility with Sovereign Bank and from company cash on hand. Following the purchase, the Company has borrowed a total of $10.0 million under the facility.
Citigroup, Inc.
(NYSE: C)
Current Price (17.07)
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NEW YORK--Gary Crittenden, Chief Financial Officer, and Zion Shohet, Treasurer, will conduct Citi’s Fixed Income Investor Review on Wednesday, July 23, 2008, at 8:30 AM (EDT).
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