StandoutStocks.com: StandoutStocks.com 'Stocks that Standout' today are: AAIR, BIPH, EPCC, EPLN, QMNM, UVSE

Tue. July 15, 2008; Posted: 01:42 PM

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Jul 15, 2008 -- Avantair, Inc. (OTCBB: AAIR | Quote | Chart | News | PowerRating) (OTCBB: AAIRU | Quote | Chart | News | PowerRating) (OTCBB: AAIRW) ("the Company"), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, today announced preliminary fractional share sales results for its fiscal fourth quarter ended June 30, 2008.

Fourth Quarter Fiscal 2008 Sales Highlights

* Fractional shares sold increased nearly 10% quarter-over-quarter, to 34.5 in the fiscal fourth quarter, from 31.5 at the end of the fiscal third quarter.

* The Company reiterates its previous guidance for profitable operating results before interest, taxes and depreciation on a GAAP basis upon the sale of its 45th fractional aircraft. As of June 30, 2008, Avantair has sold 41.3 fractional aircraft.

"The increase in fractional shares we sold during the fiscal fourth quarter confirms growing consumer demand for the Piaggio Avanti P. 180, which is the most fuel efficient and cost effective offering in the Light Jet category. This is in-line with our sales and marketing strategy, focused on providing the greatest value to our fractional owners and expanding market share," said Avantair Chief Executive Officer Steven Santo. "Customer satisfaction levels, according to our recent customer survey, are at all time highs, resulting in nearly half of our sales being referral-driven. As a result of our continued top-line growth, significantly reduced operating expenses and increased consumer receptivity to our value proposition, we remain on track with our previous guidance for profitable operating results before interest, taxes and depreciation on a GAAP basis upon the sale of our 45th fractional aircraft."

About Avantair

Avantair, with operations in 5 states and approximately 300 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership. Headquartered in Clearwater, FL, the Company is the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft. The Company currently manages a fleet of 49 aircraft, with another 60 Piaggio Avanti IIs on order through 2013.

Jul 15, 2008 -- Biophan Technologies, Inc. (OTCBB: BIPH), a developer of next-generation biomedical technology, today announced the results of their operations for the first quarter ended May 30, 2008.

During the quarter ended May 30, 2008, the Company continued its commitment to invest in the Myotech Circulatory Support System (CSS) and entered into the next stage of development, with a sharpened focus on the acute resuscitation market segment, where there is a large patient population not adequately served by existing technologies. In addition, Myotech secured a Memorandum of Understanding with PPA Technologies in Germany, a potential strategic partner for the development of the Myotech Circulatory Support System, which Biophan expects to be approved for sale in the US, in 24-30 months.

Biophan also expanded its intellectual property through the acquisition of the patent portfolio from Nanoset, LLC, which provides broad coverage on novel medical uses of nanomagnetic materials. And, the Company saw the issuance of two new patents expanding coverage of the biothermal power supply and providing coverage for an optical MRI catheter system, which is a continuation of its core strategy of pursuing grants and strategic partnerships for the development of its earlier stage technologies.

The Company ended the quarter with $5.7 million in cash, and recognized revenue from license fees and testing and consulting services of $0.22 million.

About Biophan Technologies, Inc.

Biophan is dedicated to providing technologies that offer innovative and competitive advantages to the medical device industry. The Company is helping to commercialize the Myotech Circulatory Support System, which has significant potential to improve the treatment of acute heart failure. Biophan Technologies, Inc. holds a 70% interest in Myotech with rights to acquire additional equity, and is leading Myotech's business development efforts. Biophan is traded on the OTC market under the symbol BIPH, and is also listed on the Frankfurt Stock Exchange under the symbol BTN.

July 15, 2008 -- EPiC Energy Resources, Inc. (OTCBB: EPCC | Quote | Chart | News | PowerRating) ("EPiC"), a provider of engineering, management consulting, training and data management services to the energy industry, today provided an update on its operations.

EPiC announced that since the end of the 2008 first quarter, its engineering and consulting segment, which is made up of Pearl, The Carnrite Group, and Epic Integrated Solutions (EIS), have signed new contracts for projects that are expected to generate revenues of over $11 million and have bid proposals outstanding for over $106 million. Approximately 40% of the contracted and potential revenue comes from new clients.

A substantial portion of EPiC's projected revenue comes through the Pearl division and is related to engineering, procurement and construction management (EPC) projects that support the growth of conventional and unconventional oil and gas development, with a significant percentage coming from the development and production of unconventional resources in the Rocky Mountain region.

New and existing clients continue to call for a broad range of Pearl's services, including Project Management of Drilling and Field Development Programs, including but not limited to Infrastructure and Facility Engineering, Construction Management, Production Operations, GIS Mapping, Surveying and Permitting. Pearl's typical contracts range from $500,000 to multi-million dollar, multi-year engagements.

For example, a new client recently signed a contract engaging Pearl to provide gas measurement services on several hundred CBM wells in Wyoming. This new contract provides an estimated $1 million per year of revenue. Negotiations are continuing to expand the scope of services provided to this client, which would add over $2 million per year of ongoing revenue.

Another significant award involves an integrated project valued at over $3 million to provide drilling, engineering, mapping, surveying and permitting services. Additionally, a second client has awarded Pearl a project to provide engineering and design services for a salt water disposal facility in New Mexico. The contract value of this project is approximately $2 million.

Internationally, Pearl is providing start-up and commissioning services for a multi-million-dollar 100-MMscfd natural gas processing plant in the United Arab Emirates (UAE) which Pearl originally designed, engineered, and provided construction management services through completion. Pearl is in negotiations with the same client for additional multi-million dollar, multi-year projects in the Middle East.

Carnrite continues to be awarded additional work by its client base of major and independent oil and gas companies. Carnrite's typical contracts range from $250,000 to multi-million dollar, multi-year engagements. Since the end of the first quarter, Carnrite has been engaged to perform new projects that should generate in excess of $1 million in incremental revenue over the next six to nine months. The projects focus on helping clients solve a variety of strategic and operational problems, including but not limited to: Improved Operations Effectiveness, Competitive Benchmarking, and Organizational Realignment in support of existing work processes. Carnrite is currently pursuing additional contracts with expectations to close within 2008.

EIS provides services in both system integration as well as operational and maintenance support. EIS's System Integration and Support services consist of: Data Migration and Integrity, Middleware Implementation, Interface Development, Systems Support, Software Design, and Database Design. EIS's Operations/Maintenance (O&M) Support services consist of: O&M Document Design and Support, Graphic Design, Training Program Design, Task Analysis, Competency Assurance Program Design, Multimedia Design, Computer Based Training (CBT) Design, Training Delivery, O&M Training & Consulting and Change Management.

EIS was recently awarded a contract with a major oil company to streamline their invoice payment processes, which is part of its data management suite of products and services. EIS is also coordinating the client's vendor training programs and streamlining their procurement process for vendor training by eliminating unnecessary overhead and administrative costs. This project's anticipated value is $250,000. EIS's typical contracts range from $250,000 to $1,000,000 multi-year engagements and it expects to secure additional such contracts within 2008.

Rex P. Doyle, EPiC's Chief Executive Officer, stated, "We are pleased with the high level of demand for our services and expect that we will be awarded contracts on a good portion of the bids outstanding. High commodity prices are driving an expanding need for facilities and the energy infrastructure necessary to efficiently produce oil and natural gas from both conventional and unconventional resource developments. The growth in drilling for unconventional gas, both in coal bed methane and the emerging shale developments is creating demand for our services from producers that are focused on maximizing production in these intricate development programs. We believe that our customers see the value in partnering with EPiC to provide complete engineering and operations solutions for their complex field facilities and related infrastructure. Our engineering and consulting businesses continue to expand our customer base in the Rockies, mid-continent and greater Texas onshore market."

About EPiC

EPiC Energy Resources is a Houston based integrated energy services company. EPiC provides consulting, engineering, construction management, operations, maintenance, specialized training and data management services focused primarily on the upstream and midstream energy infrastructure. Services are provided through Pearl, a diversified engineering and energy services company; Carnrite, a management consulting company focused on providing strategic and operational consulting services to the broad energy industry; and EIS, a global training and data management services company.

Jul 15, 2008 -- EPOLIN, INC. (the "Company") (OTCBB: EPLN) (www.epolin.com) today announced results for the three months ended May 31, 2008.

For the three months ended May 31, 2008, sales were $913,000 as compared to $842,000 for the three months ended May 31, 2007, an increase of 71,000 or 8.4%. Gross profit, defined as sales less cost of sales, was $523,000 or 57.3% of sales for the three months ended May 31, 2008 compared to $513,000 or 61.0% of sales for the three months ended May 31, 2007.

Cost of sales was $390,000 for the three months ended May 31, 2008 which represented 42.7% of sales compared to $329,000 for the three months ended May 31, 2007 which represented 39.0% of sales. Selling, general and administrative expenses decreased to $294,000 or 32.2% of sales for the three months ended May 31, 2008 compared to $296,000 or 35.2% of sales for the three months ended May 31, 2007, a decrease of $2,000.

Operating income, in terms of absolute dollars, increased to $229,000 for the three months ended May 31, 2008 from $217,000 for the three months ended May 31, 2007, an increase of $12,000. Net income after taxes was $149,000 or $0.01 per share for the three months ended May 31, 2008 compared to net income after taxes of $153,000 or $0.01 per share for the three months ended May 31, 2007.

The Company also reported that its annual stockholders meeting will be held on August 18, 2008 at 3:00 pm, local time, at the Company's executive offices in Newark, New Jersey.

About Epolin

Epolin, Inc. is a specialized chemical company primarily engaged in the manufacturing, marketing, research and development of infrared dyes, laser absorbing dyes and infrared dye formulations. The Company's business is heavily weighted towards the development, manufacture and sale of near infrared dyes. Applications for these dyes cover several markets that include laser protection, welding, sunglasses, optical filters, glazing and imaging and security inks and tagants. The Company also manufactures specialty chemicals for certain chemical manufacturers.

Jul 15, 2008 -- Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its wholly owned subsidiary, Gwenco, Inc. has hired a crew of maintenance personnel to work the second shift at its Pond Creek location.

Everett Hampton, President of Whitestar Mining, LLC. commented, "The company plans to expedite production as quickly as possible in an effort to bring its Pond Creek mine up to previously stated expectations of between 1,500 - 2,000 raw tons of coal per day and I believe that utilizing a second shift of maintenance personnel is a very positive step in the right direction. Employing this maintenance team will enable the first shift of miners to commence production operations immediately at the start of each day without being hampered with the task of performing their own maintenance and preparation, which can potentially consume hours of a typical work shift."

Eugene J.Chiaramonte Jr., President of Quest Minerals and Mining Corp., stated, "I am excited to report that we have employed a shift of maintenance workers at our Pond Creek location so quickly. This move is expected to allow our first shift personnel to mine coal without focus on additional, often time consuming tasks. Given the extremely favorable conditions currently present in the coal market, we are anxious to bring the mine into full production mode as soon as possible."

About Quest Minerals & Mining

Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal.

Jul 15, 2008 -- Universal Energy Corp (OTCBB: UVSE), an oil and gas exploration and production company, said on 14 July that the company has completed component installation on the production barge as scheduled. Caviar #1 and Caviar #4 have produced well since coming online last week. According to Dyron Watford, chief financial officer of the company, the production has grown from USD30,000 a month at the beginning of the year and is expected to be close to USD300,000 next month.

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