InvestSource Inc.: Company Profile for The Anviron Holding Company

Mon. June 30, 2008; Posted: 04:44 AM

June 27, 2008 - Anviron (Other OTC: ANVH), organically grown and profitable, was founded in 2008 as a spinoff of LS Industries. Anviron is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of environmentally friendly products and technologies that will improve safety for individuals and conserve energy. The company manufactures and markets a proprietary line of all-purpose, highly effective, non-toxic, biodegradable soil enhancement products to the multi-billion dollar consumer household, commercial, industrial and private-label agricultural product industries. Anviron's biodegradable products and technologies encompass environmentally friendly chemical substitutes to the hazardous chemicals commonly used all over the world, with a focus on the agriculture, agro-forestry, water and soil remediation, beach/dune restoration, water desalinization and energy conservation industries. For information about Anviron and its product offerings visit us on the web at www.anviron.com.

June 27, 2008 -- Evergreen Solar, Inc (NASDAQ: ESLR), a manufacturer of solar power panels, announced the pricing of its public offering of $325 million aggregate principal amount of 4% senior convertible notes due 2013 (the "notes"). Evergreen Solar has granted the underwriters a 30-day option to purchase up to an additional $48.75 million aggregate principal amount of notes to the extent the underwriters sell more than $325 million aggregate principal amount of notes in the notes offering. The notes will be convertible into cash up to their principal amount and shares of Evergreen Solar's common stock for the remainder, if any, of the conversion value in excess of such principal amount at the initial conversion rate of 82.5593 shares of common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $12.11 per share), subject to adjustment. Prior to April 15, 2013, the notes will be convertible upon the occurrence of specified events, and thereafter, at any time prior to maturity, in each case, at a holder's option. Lehman Brothers Inc. is acting as the sole book-running manager for the notes offering.

June 27, 2008 -- Schering-Plough Corp. (NYSE: SGP | Quote | Chart | News | PowerRating) and Merck & Co., Inc. (NYSE: MRK | Quote | Chart | News | PowerRating) announce the withdrawal of the New Drug Application (NDA) for the loratadine/montelukast combination tablet. The companies also terminated the Schering-Plough/Merck Pharmaceuticals respiratory joint venture, which was formed in May 2000 to develop and market a fixed-combination product that would combine loratadine and montelukast. This action has no impact on the business of the Merck/Schering-Plough cholesterol joint venture. The U.S. Food and Drug Administration (FDA) issued on April 25, 2008 a not-approvable letter for the proposed fixed-dose combination of loratadine and montelukast. As a result of the termination of the respiratory joint venture, Schering- Plough expects to receive payments totaling $105 million from Merck as specified in the joint venture agreements which Schering-Plough will recognize over the remaining three quarters of 2008.

June 27, 2008 -- Chunghwa Telecom Co., Ltd (NYSE: CHT | Quote | Chart | News | PowerRating) ("Chunghwa" or "the Company") announced that its Board of Directors has approved a capital reduction of NT$19.1 billion for fiscal year 2008. From its existing capital surplus, the Company will issue and distribute a stock dividend of 1,911,555,382 common shares. In the first quarter next year, the Company will cancel the 1,911,555,382 newly issued outstanding common shares and distribute approximately NT$1.6 per share to its shareholders. All related procedures and timetables will be announced following shareholder approval of the proposal at the 2008 Extraordinary General Meeting, currently estimated to be held in August this year.

June 27, 2008 -- Grey Wolf, Inc. (AMEX:GW) announced that its Board of Directors, after a thorough review and consultation with its financial and legal advisors, has determined that the previously-announced third unsolicited proposal to acquire Grey Wolf by the Precision Drilling Trust is not, and is not reasonably likely to result in, a proposal superior to its pending strategic merger with Basic Energy Services, Inc.. Grey Wolf's Board of Directors concluded that pursuing discussions with Precision is not in the best interests of Grey Wolf stockholders, particularly in light of Precision's adamant and publicly-announced refusal to consider any increase in its final offer. An effort to seek clarification of Precision's proposal led Grey Wolf to conclude that Precision's third offer was truly Precision's final, non-negotiable offer. In addition to Precision's public and categorical refusal to consider an increased offer for Grey Wolf stockholders, the Grey Wolf Board of Directors weighed a number of other factors, including: the Precision proposal undervalues Grey Wolf and offers an insufficient premium to Grey Wolf stockholders; the considerable uncertainty in the long-term value of Precision's trust units; the negative outlook for the Canadian drilling and well service markets; the risk of substantial pressure on the market price of Precision's trust units following a Precision transaction; and possible future under-investment by Precision due to high debt levels and the need to distribute cash.

Friday's record oil prices fed the dour mood on Wall Street and cast a shadow on positive consumer spending data. In turn, the major indices each closed lower, extending the week's losses. Week-to-date, the S&P 500 lost 2.9%, the Dow Jones Industrials Average lost 4.1%, and the Nasdaq fell 3.8%. Crude prices rallied all the way to $142.99 per barrel to set a new all-time intraday high. In the end, prices eased as oil closed slightly higher at $140.25 per barrel on the Nymex. Crude prices are up more than 45% year-to-date. Financials finished the session as the worst performing sector. The sector closed 1.3% lower, as every one of its industry components finished lower, except insurance brokers (+1.9%). For the week, financials lost 6.5%. Merrill Lynch grabbed its share of attention as reports indicated the firm may incur additional write-downs and may sell its stake in BlackRock. Speculation of write-downs had limited affect on shares of MER, given that Goldman Sachs made the same inference yesterday. On a similar note, American International Group will likely be hit with write-downs of its own, which may result in a loss, according to Bloomberg.com. On the earnings front, Accenture reported better-than-expected results for its most recent fiscal quarter. The company also issued upside guidance for the coming quarter and increased its full-year outlook. That was about the extent of the day's positive earnings news as Micron Technology and KB Home reported larger-than-expected losses for the latest quarter. According to Financial Times, InBev is making a hostile bid for Anheuser-Busch after Anheuser-Busch rejected the Belgian brewer's offer for being inadequate and contrary to shareholders' best interest. The day's primary economic release was largely overlooked. Real personal consumption expenditures (PCE) data for May were up 0.4%. April was revised upward to a 0.2% increase. In turn, the second quarter average of April and May data 0.5% above the first quarter average, which is already a 2% annual rate of growth. Since another gain is likely in June, due to spending resulting from the fiscal stimulus, this puts real PCE on track to post a 2.5% annual rate of growth in the second quarter. Recall, PCE represents approximately 70% of GDP. The University of Michigan's final consumer confidence survey for June came in at 56.4, which is a bit below expectations and last month's reading. The June reading marks a new multiyear low. Note that the depressed survey results do not coincide with a similar drop in PCE.DJ30 -106.91 NASDAQ -5.74 NQ100 +0.0% R2K -0.0% SP400 -0.4% SP500 -4.77 NASDAQ Adv/Vol/Dec 1154/3.15 bln/1735 NYSE Adv/Vol/Dec 1165/2.24 bln/1969.

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InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. InvestSource has agreed to be compensated 30,000 of free trading shares of ANVH for services rendered. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).

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