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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.
SPNG News:
March 6 - SpongeTech Delivery Systems, Inc. COO Steven Moskowitz to Conduct Webcast with 'The Green Baron Report'
SpongeTech Steven Moskowitz New Exclusive Webcast Interview for SPNG Shareholders and Investment Community
SpongeTech Delivery Systems, Inc. (OTCBB: SPNG | news | PowerRating | PR Charts ) announced that COO Steven Moskowitz will conduct a new exclusive webcast interview with "The Green Baron Report" so that SPNG shareholders and the investment community can learn more about the current and future prospects of the company. Unrestricted access to the webcast will be available beginning on Tuesday, March 11, 2008 at The Green Baron Investors Society's website www.TheGreenBaron.com.
This webcast with SPNG will also be available at www.StrictlyStocks.com, "Where Wall Street speaks to the World".
For more information, contact Investor Relations at 1-877- SPONGE T or visit the company website at www.spongetech.com.
REELTIME RENTALS INCORPORATED (OTC: RLTR)
Detailed Quote: http://www.otcpicks.com/quotes/RLTR.php
Company Profile: http://www.otcpicks.com/reeltime-rentals/reeltime-rentals.htm
ReelTime Rentals Inc. (sometimes referred to herein as RLTR or ReelTime.com) was incorporated under the corporate laws of the state of Washington as ReelTime Rentals; Inc on June 24, 2004. ReelTime.com is an online broadband network offering a diverse library of both theatrical films and television programming. ReelTime's "point click and watch" user interface delivers DVD quality video over the internet to customers nationwide whenever they want to see it. ReelTime is poised to change the home entertainment industry by becoming a leader in the online media marketplace, providing the public the next generation of online viewing technology with built-in capacity for unlimited growth. The company's Intelligent Rapid Delivery System (IRDS) overcomes many of the roadblocks that have previously prevented widespread adoption of high quality streaming video. Through IRDS and their video-on-demand services, they deliver full-screen DVD quality movie experiences to broadband customers nationwide while implementing security measures to combat the threat of piracy.
The company currently provides direct-to-desktop progressive downloading for broadband users, utilizing a proprietary player to deliver full length films and television shows for viewing by the next generation of media viewers. We strongly believe in ReelTimes future and see unlimited potential beyond the PC into other media platforms, including set top boxes and handheld devices. ReelTime's end-to-end delivery system (IRDS) has significant advantages in cost and structure over other systems in current use and the revolutionary nature of the system should allow ReelTime to quickly become a dominant player in the video-on-demand marketplace.
RLTR News:
March 6 - ReelTime Rentals Announces Innovative Communications Technologies, Inc. Founder and CEO Barry Henthorn to Refocus
Innovative Communications Technologies, Inc. (OTC: ICTN) announced that Barry Henthorn, CEO and founder of the company, is concentrating his full attention to ReelTime Rentals, Inc. (OTC: RLTR | news | PowerRating | PR Charts ) to further the advancement of the company's rapidly expanding opportunities. Barry Henthorn will continue to support Innovative as an advisor and will remain an active member of the company's Board of Directors. The company will announce the successor as soon as negotiations are finalized.
"It is with great pride that I step aside from the CEO position at Innovative. The company is sound under the current management line-up and I am confident my colleagues at ICT will continue to be on the forefront of technology development, particularly with ICT's new integrated calling platform," said Barry Henthorn, former CEO of Innovative. "My talents are now better served, on behalf of both companies, as full-time CEO of ReelTime. The overwhelming number of opportunities presenting themselves to ReelTime demands and deserves my full attention. I will be concentrating on negotiating with major content providers and affiliate partners, expanding ReelTime's technology to support greater needs, and continually developing ReelTime's marketing plan. I look forward to focusing my time on ReelTime's success, keeping in mind that I am furthering emerging technologies created by Innovative's product development."
ABOUT INNOVATIVE COMMUNICATIONS TECHNOLOGIES
Innovative Communications Technologies is a communications specific technology development company and, since 1989, has been a pioneer in the development and positioning of private telecommunications networks for businesses. Innovative has a proven track record of developing communications specific technologies within the telecommunications, media and wireless industries. Innovative owns 21% of ReelTime Rentals, Inc. (OTC: RLTR | news | PowerRating | PR Charts ) (www.reeltime.com), 30% of Exosphere Aircraft Company, Inc. (www.flyexosphere.com) and 100% of privately held ICT Private Networks and the "Cannes Project."
ULYSSES HOLDING CORPORATION (OTC: UHCR | news | PowerRating | PR Charts ) "Up 66.67% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/UHCR.php
Ulysses Holding Corp. is a start-up retail optical holding company with an aggressive plan towards rapid expansion and revenue growth within the next 12 months. The company will focus only on profitable outlets or locations with average or better industry revenues/margins.
UHCR News:
March 10 - Ulysses Holding Corp. to Retain an Outside Auditor, to Review Trading Activities in Its Securities
The Company Suspects Either Naked Short-Selling or Manipulation of Its Share Price
Ulysses Holding Corp. (OTC: UHCR | news | PowerRating | PR Charts ) announced that after a special weekend meeting between its management and advisors that the company will retain an outside auditor to review the trading activities and share counts of its securities.
The company has determined that this course of action is necessary to determine the continued stagnated price of its securities as the company continues to trade near its 10 day average with virtually all buying and minimal selling yet the share price continues to remain the same.
The management and their advisors believe that suspicious trades are or have taken place (suspected naked shorting and or phantom shares) as the company has lost 66% of share value/market cap (pre-dividend) within the last 30 days with no increase in the float (free trading shares) by the company.
The company has received evidence that certain brokers and banks may have issued phantom dividend shares to persons not entitled to receive them. Additionally, some brokers issued dividends prematurely to customers who sold before the issuance date, but the persons who bought the shares also received the dividends, creating a short position for the brokerage house that erred. In fact, some customers who received their dividends prematurely sold both their stock and the dividend, and the persons who bought the shares and dividend then received a dividend on both the original shares and the dividend shares. This appears to have resulted in non-existent shares being traded by the public.
According to published reports, over one percent of the company's shares are on the short sale list. Of course, the holders of the short positions would owe the dividend shares as well. This, of course, does not account for the broker errors or the improper naked short positions.
Management also noted that, perhaps learning from a similar situation which occurred with PAIVIS Corp., TD Ameritrade seems to be one of the few brokers that properly accounted for the dividend. The company received complaints that other brokers prematurely issued the dividend to some customers thus causing a need to create a massive cover in its securities.
"We are very concerned with the possible naked short selling of the company's securities and will take all legal measures to assure that this decimation of the company's share price be halted immediately, as it is my obligation as President & CEO to protect the company's and shareholders investment," said Clayton Young.
Clayton Young, President & CEO, also stated, "The company's year end revenues exceeded expectations along with the pending opening of an additional 4 units and the acquisition of SecureNetView that clearly the short-sellers (of which we believe) were not expecting our resolve in the growth of this company. We will utilize any and all legal remedies to protect our shareholders and the company including contacting the SEC, I would like to also thank the numerous loyal shareholders who have lent their time and energy in bringing this problem to our attention and I can assure all the shareholders that the company and myself will do everything possible to remedy these illegal activities that we believe are being perpetrated upon our company, I will be sure that we force each and every share to be accounted for and covered, upon the completion of our independent auditors findings."
BIOSOLAR INCORPORATED (OTCBB: BSRC | news | PowerRating | PR Charts ) "Up 50.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BSRC.php
BioSolar, Inc. engages in the research and development of bioplastic materials from renewable plant sources for use in photovoltaic solar cells. The company develops bio-based plastics components that meet the thermal and durability requirements of solar cell manufacturing processes for conventional crystalline cell designs, as well as thin film photovoltaic devices in an effort to capitalize on cost advantages to current petroleum based solar cell components. Its bioplastic materials can be also used directly in conventional manufacturing systems, such as injection molding and thin-film roll-to-roll, to create superstrate layer, substrate layer, and backsheet, as well as module and panel components. The company was founded in April 2006. It was formerly known as BioSolar Labs, Inc. and changed its name to BioSolar, Inc. in June 2006. BioSolar, Inc. is headquartered in Santa Clarita, California.
BSRC News:
March 10 - BioSolar Reports Successful Development of First Generation Commercial Product
Company Expects New Bio-Based Product to Be Well Received in Growing Solar Cell Market
BioSolar Inc. (OTCBB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, today reports the successful development of its first generation commercial product, a backsheet component for photovoltaic cells. The new bio-based product, christened the "BioBacksheet" is the successful result of the company's technology development program.
As previously reported by BioSolar, record high oil prices and the emergence of a renewed emphasis on environmental awareness coalesced to create an inflection point for the development of a new market segment in the multi-billion dollar photovoltaic industry. The company's management believes that this market phenomenon provides a unique competitive advantage for BioSolar's bio-based solar cell components.
In rapid succession, the company reported the successful scale-up production run of bio-based films (Dec 07), the culmination of a rigorous testing protocol which moved the company another step closer to UL certification (Jan 08), and most recently the company announced the expansion of its R&D facilities and the establishment of its physical plant (Feb 08).
"As a result of our rigorous product development cycle, we now have the relevant data and positive test results that enable us to commit the company to full production of this particular product," said Dr. David Lee, BioSolar's CEO. "The decision is based on the product's cost benefits as well as durability - selected from proven configurations as a result of BioSolar's own testing protocol as reported in January of this year."
Elaborating on the specific characteristics of the final product, Dr. Stan Levy, the company's CTO, explained that "this backsheet material is a composite utilizing two different sustainable resources, each of which has the necessary Underwriter's Laboratories Relative Thermal Index (UL RTI) to be accepted by the major photovoltaic manufacturers."
This is a key element to rapid attainment of market share, because it is much easier for a photovoltaic module manufacturer to obtain a re-certification of their UL approved module when they replace a component with a material that already has the required UL RTI. "This was a key directive in our product development strategy," noted the company's CEO.
"We expect that backsheet samples will be made available in commercial quantity to crystalline silicon photovoltaic module manufacturers in mid 2008, with full production runs to be scheduled based on the initial market response," said Dr. Lee. "Availability of these samples at quantity means that mainstream photovoltaic module manufacturers now can undertake their own UL recertification process utilizing BioSolar's BioBacksheet product."
ITRONICS INCORPORATED (OTCBB: ITRO | news | PowerRating | PR Charts ) "Up 33.10% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/ITRO.php Itronics, Inc., through its subsidiaries, operates as an environmental process technology company in the United States. It operates through two segments, GOLD'n GRO Fertilizer and Mining Technical Services. The GOLD'n GRO Fertilizer segment offers fertilizer manufacturing, photochemical recycling, and silver refining services. The Mining Technical Services segment provides mineral project planning and technical services to the mining industry. This segment offers technical services in the areas of mining, geology, mining engineering, mineral economics, material processing, and technology development to the U.S. and foreign mining companies, public utilities, state agencies, the United Nations and the World Bank. It operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Rhode Island, Washington, and Utah. The company was founded in 1987 and is based in Reno, Nevada.
ITRO News:
March 6 - Itronics Will Report First Quarter Sales Increase; Updates Silver Refinery Expansion and GOLD'N GRO Guardian Deer Repellent Fertilizer Registration
Itronics Inc. (OTCBB: ITRO | news | PowerRating | PR Charts ) (Frankfurt: ITG.F) (Berlin: ITG.BE) reported that its first quarter sales are increasing in strong silver, fertilizer, and gold markets.
"Itronics GOLD'n GRO fertilizer division ended February with the largest backlog of truck load orders in the Company's history," said Dr. John Whitney, Itronics President. "Silver sales in January and February were about equal to last year's full first quarter. The Mining Technical Services division sales were also up in the first two months and visitor traffic to the InsideMetals.com web site is continuing to increase."
"The sales increases are expected to grow as the year progresses. Silver prices, fertilizer demand and prices, and gold prices are at all time highs," said Dr. Whitney. "Itronics, with its innovative photochemical recycling technology that completely converts the waste stream to pure silver and environmentally compatible, high quality GOLD'n GRO liquid fertilizers, is now benefiting from these strong markets."
The Company has completed temporary installation and start up of a new screening machine for its refinery that will produce an increase in silver output and sales in March and future months. Silver prices are now in the $20 per ounce range, making this incremental expansion very timely.
The Company has completed a detailed deer damage study which indicates that deer damage in suburban America is in the $5 billion per year range and that sales of its GOLD'n GRO deer repellent fertilizer could top $200 million annually. The U.S. Environmental Protection Agency has indicated that the Company will receive a GOLD'n GRO Guardian deer repellent registration sometime in May or June 2008. The Company is now anticipating that GOLD'n GRO Guardian deer repellent fertilizer sales can begin in the third quarter of this year.
VICTORY ENERGY CORPORATION (OTCBB: VYEY | news | PowerRating | PR Charts ) "Up 24.60% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/VYEY.php
Victory Energy Corporation engages in the acquisition and development of oil and gas properties in the United States and Canada. The company primarily owns interests in the Northeast Glasgow Prospect located in Williston Basin Valley County, Montana, which consists of 1,960 acres; and the Skedee prospect in Oklahoma. It also owns joint venture interest in the Mesa gas prospect in Roosevelt County New Mexico. The company was founded in 1982 under the name All Things, Inc. and changed its name to New Environmental Technologies Corporation in 1985. Further, it changed its name to Victory Capital Holdings Corporation in 2003 and to Victory Energy Corporation in 2006. The company is based in Carson City, Nevada.
VYEY News:
March 10 - Victory Energy Posts Revenues From Gas Production
Victory Energy Corporation (OTCBB: VYEY | news | PowerRating | PR Charts ) announced that it has received the first payment for revenue from natural gas sales from its wells in the Corporation's Canyon Sandstone Gas play located in the Texas Permian Basin.
Victory deposited its first revenue of approximately $63,500, pre-distribution, for natural gas sales of 11,960 MCF of natural gas production from its interest in six gas wells. The revenue was based on December 2007 natural gas pricing of $7.5825 per MCF. This revenue number will continue to grow each month as new wells are drilled, completed and brought online with their production.
As Victory's production has a 20% higher BTU content, the Corporation receives a 20% bonus in pricing. At the close business Friday, March 7, 2008 natural gas pricing was $9.77 per MCF, Victory's price with its 20% bonus is $11.724 per MCF. Each well will deliver approximately 500 Million Cubic Feet of proven undeveloped gas reserves per well to Victory.
Well 166-6 is flowing on its own at a steadily increasing production rate and continues to clean up the water from the stimulation treatment at a rate of approximately 30 bbls of frac water per day. The single point test is on hold until the production is dryer and the water does not interfere with the test results.
Well 166-8 should reach total depth of approximately 5000 feet by March 14. As the operator nears the target production zone, the drilling rate will slow down as the rig drills through the Canyon Sandstone formation.
The next drill site is already under construction and should be ready for the new drilling rig by March 17. By this date, all of the necessary auxiliary equipment for the new drilling rig will be ready for the rig to go into service and drill its first well.
"As new wells are drilled and completed, we anticipate increased interest by our investors into this gas field. With this, we intend to increase our activity in the Texas Permian Basin through purchase of additional equipment and the resources required to support them. These steps are strategic in the growth and long term development of shareholder value," stated Jon Fullenkamp, President of Victory Energy Corporation.
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