Dallas, TX 7/14/2008 11:58:16 PM
News / Finance

OTCPicks.com Daily Market Movers Digest Midday Report for Monday, July 14th MGRN, PGPM, WSEG, XING

OTCPicks.com’s Daily Small Cap and Microcap Newsletter presents a range of the hottest small cap stocks on trading on the OTC and OTCBB markets.  In addition to our Newsletters, OTCPicks.com is quickly becoming the premier community destination for small cap and microcap traders to meet up and discuss their top stock picks. Visit http://www.otcpicks.com/ today to join this growing community.

 

Our Stocks to Watch today include Monogram Energy Inc. (OTC: MGRN), Pilgrim Petroleum Corp. (OTC: PGPM), Western Standard Energy Corp. (OTCBB: WSEG), Qiao Xing Universal Telephone Inc. (NASDAQ: XING)

 

For the complete newsletter please visit: http://www.otcpicks.com/daily-market-movers/index.php

 

For more in-depth coverage of small cap stocks visit http://www.otcpicks.com/

 

MONOGRAM ENERGY INCORPORATED (OTC: MGRN)

 

Detailed Quote: www.otcpicks.com/quotes/MGRN.php 

 

Company Profile:

www.otcpicks.com/monogram-energy/monogram-energy.htm 

 

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production.

 

PILGRIM PETROLEUM CORPORATION (OTC: PGPM)

"Up 18.33% in morning trading"

 

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

 

Pilgrim Petroleum Corporation operates as an oil and gas exploration and development company. It holds crude oil and natural gas properties in Texas with interests primarily in Morgan fields, Morgan 2 fields, Douglas Mineral Trust field, Lily Hooks field, Meldon White lease, Lockride lease, and Climax lease, as well as in Patton and Burnett EE leases. The company, through its subsidiary, American Petroleum Corp., provides basic accounting, land administration, regulatory consulting and reporting, engineering, environmental, pumping and drilling supervision, and marketing services. Pilgrim Petroleum was incorporated in 1998. It was formerly known as BNP Petroleum Corporation and changed its name to Pilgrim Petroleum Corporation in 2005. The company is headquartered in Irving, Texas.

 

WESTERN STANDARD ENERGY CORPORATION (OTCBB: WSEG)

"Up 34.48% in morning trading"

 

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

 

Western Standard Energy Corp. is an independent oil and gas exploration company, traded on the OTC BB under the ticker symbol WSEG. Western Standard has secured and is developing a portfolio of oil and gas properties throughout Montana and North Dakota. Shareholders are invited to contact corporate communications toll free at (888) 956-7843 for further information.

 

QIAO XING UNIVERSAL TELEPHONE (NASDAQ: XING)

"Up 26.20% in morning trading"

 

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

 

Qiao Xing Universal Telephone, Inc., together with its subsidiaries, engages in the manufacture and distribution of telecommunications products primarily in the People's Republic China. It primarily manufactures mobile phone handsets under CECT and COSUN brands. The company also offers mobile phone accessories; terminals and equipment, including cord and cordless telephone sets; wireless fixed phones; Little Smart phones with removable cards; and VOIP phones. In addition, it sells fax machines; CDMA city-phones; CDMA inter-village phones; residential gateways; set-top-box products; and ADSL products. Qiao Xing Universal sells its products to local distributors, retail outlets, and end users through national and provincial distributors, as well as through direct-sales distributors. It has strategic partnerships with China Telecom, China Netcom, China Railcom, China Mobile, and China Unicom. The company was founded in 1992 and is based in Huizhou City, the People's Republic of China.

 

About OTCPicks.com

 

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 received fifty thousand free trading shares from a non-controlling third party (Microcap Management) for MGRN advertising and promotional services.

 

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.