OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Friday, July 18th CELI, MGRN, CXAC, PNCL, WPTE

Jul 18, 2008 (M2 PRESSWIRE via COMTEX) -- WPTE | Quote | Chart | News | PowerRating -- Our Stocks to Watch today include CelebDirect Inc. (OTC: CELI), Monogram Energy Inc. (OTC: MGRN), Cross Atlantic Commodities Inc. (OTCBB: CXAC), Pinnacle Airlines Corp. (NASDAQ: PNCL), WPT Enterprises Inc. (NASDAQ: WPTE)

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CELEBDIRECT INCORPORATED (OTC: CELI)

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

Company Profile: http://www.otcpicks.com/celebdirect/celebdirect-2.htm

CelebDirect's primary business is that of a direct response celebrity incubator and has two divisions which are direct response marketing and Celebrity placement / franchise opportunities. CelebDirect brings to the market unique and innovative products via direct to market strategies such as infomercials, advertorials and other associated advertising vehicles to expeditiously, economically and broadly market products throughout North American as well as a global basis. CelebDirect has a number of consumer-oriented products it is evaluating and others it is currently bringing to market.

CELI News:

July 18 - CelebDirect Opens an Intellectual Property Product and Services Division

CelebDirect (OTC: CELI | Quote | Chart | News | PowerRating) has started a new division dedicated to the creation, incubation and partnering of Intellectual Property (IP) opportunities, specifically, trademarks and patents with regards to North American-based products and services. The business model for this division is specifically geared towards individuals and/or companies that require "a partner" in maintaining, enforcing and in some cases, litigating patent and trademark infringement cases. In many cases, a small company or individual does not have the resources needed to successfully mount a challenge and civil litigation case against much larger and well capitalized corporate rivals and hence, many potentially lucrative IP cases are dropped due to the lack of resources.

Danny Alex, CEO of CelebDirect Inc., has had many years of Intellectual Property experience and has successfully defended trademark infringement cases against some of the largest companies in North America. Mr. Alex's prior experiences in Intellectual Property defense will allow CelebDirect to be selective in assessing all potential trademark and patent opportunities.

"Oftentimes large companies can bully individuals and small companies into dropping IP cases or bleeding them of available resources so they are unable to continue their IP defense," commented Danny Alex. "CelebDirect is in the business of partnering with individuals and companies with respect to all and any product and service opportunities. The area of Intellectual Property defense is currently under serviced for smaller players. CelebDirect can be prominent in IP partnering and be selective to take on cases where undisputed ownership is demonstrated as well as a strong legal case for a positive outcome."

It is also CelebDirect's intent to potentially market any products and/or services via Direct Response whose Intellectual Property it successfully defends.

CelebDirect expects to make material announcements in the near future with respect to its Intellectual Property Division.

July 17 - CelebDirect Provides a Corporate Update to Investors

CelebDirect (OTC: CELI | Quote | Chart | News | PowerRating) recently provided a corporate update to investors regarding the company.

Complete corporate information can be found at:

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=celi.

Financial

CelebDirect is in the process of completing its 2007 audit as part of its ongoing financial and material change disclosure policy. Corso & Company have been retained as the company's Auditor. As well, Q1 and Q2 2008 financial results will be made available upon their completion at which time CelebDirect shall follow a pattern of timely quarterly disclosure practices.

CelebDirect has no debt and has a very low fixed cost structure. CelebDirect's entire supply chain from Order Capture to Product Logistics is established on third party relationships through scaled volume contracts. Danny Alex, CEO of CelebDirect, takes a salary of $1.00 per year. The current fixed cost structure of the company on a monthly basis is below $7,000.00 since Danny Alex assumed the role of CEO back in early March.

The philosophy of CelebDirect is; "Dilution" erodes shareholder value while "Retained Earnings" builds shareholder value. It is this principle by which management operates and makes decisions on behalf of all shareholders.

Board of Directors

Robert Phan, Juan Garcia, Eddie Dang and Gregg Phan have resigned from the Board of Directors of CelebDirect. Two new Directors have been added to the Board, Thomas Jones and Sid Dutchak:

Sid Dutchak

Mr. Dutchak has served on several public company Boards, and within the past five years served on the Boards of How To Web TV Inc., Ergo Ventures Inc. and Maple Leaf Reforestation Inc, all of which are public companies. Mr. Dutchak served as the Province of Saskatchewan's Minister of Justice. He previously practiced law and has served on various public companies as a director, officer and senior manager.

Thomas Jones

Tom Jones is the inventor of the Muscle Flex and has well over 30 years of experience in Martial Arts. He has a 4th degree black belt in Karate and holds national, international, and world kick boxing titles. Tom also holds 2 world records in the sport of running. Tom Jones is an extreme athlete, motivational speaker, martial arts expert, international kickboxing champion, endurance runner, inventor, humanitarian and child advocate.

OTCBB / 15c 211

CelebDirect is preparing its application for listing to the OTC Bulletin Board. The law firm of Applbaum / Zouvas has been retained to complete its 15c 211 and take the appropriate steps in the hopes to qualify for listing on the OTC Bulletin Board.

MONOGRAM ENERGY INCORPORATED (OTC: MGRN | Quote | Chart | News | PowerRating) "Up 20.00% in morning trading"

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.

MGRN News:

July 16 - Monogram Energy, Inc. Reaches Agreement on New Lease

Monogram Energy, Inc. (OTC: MGRN | Quote | Chart | News | PowerRating) announced it has reached an agreement in principle to acquire 25% interest in a re-work well in the Williston basin located in Montana. As reported earlier, it is believed that this well has the capability to produce from 600 to 2,000 barrels of oil per day. Further, Monogram Energy, Inc. is excited because this agreement solidifies a relationship that opens the door to 180 acres of prospects located in the Williston basin. The Williston basin represents the largest North American oil find in history.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc., stated, "We think this well has tremendous potential and could double the profit margin of the Company."

Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

CROSS ATLANTIC COMMODITIES INCORPORATED (OTCBB: CXAC | Quote | Chart | News | PowerRating) "Up 87.50% in morning trading"

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

Cross Atlantic Commodities, Inc., a development stage company, imports and delivers coffee and coffee related products to customers in the United States, Europe, and Asia. The company was formerly known as Business Advantage 17, Inc. Cross Atlantic Commodities, Inc. was founded in 1998 and is based in Weston, Florida.

CXAC News:

July 17 - CXAC Updates Investment Community

CXAC Optimistic For Second Half of 2008

Cross Atlantic Commodities, Inc. (OTCBB: CXAC), manufacturers and distributors of nationally branded commodities, food and general merchandise to food stores, supermarkets and club stores, announced it is optimistic about the second half of 2008 and further updates the investment community of its progress.

CXAC continues to reorganize its corporation to better focus efforts on growth of its product line and bring value to shareholders. Jorge Bravo, President and CEO of CXAC explains, "Over the past two quarters we redefined this company and we will continue to fine tune our business model as we implement our plan of operation. First and foremost, our strategy is well on its way. We adjusted our corporate structure to better fit our business needs and we will announce details of our progress once our plan is confirmed. Second, we reinvented CXAC at its core. We are no longer focused on coffee and related products, our concentration is food and snack related items, beauty products and car care. We are taking full advantage of our relationships within theses industry and expect announcements released shortly."

CXAC's short and long term goals remain the same - aggressive production and marketing. CXAC is confident that the balance of this year will be monumental for this organization.

"I wanted to reiterate to our shareholders that our business plan remains on track. As funding becomes available we will continue to invest in our future. I remain comfortable with the financial targets for 2008. The Company also continues to pay down its debt during the past two quarters. I am also pleased to report that our operating momentum continues to remain strong as we go into our third-quarter," said Bravo.

Based on these trends CXAC remains optimistic about the Company's prospects for the second half of 2008. "I look forward to sharing the successes in more detail in further press releases," stated Bravo.

PINNACLE AIRLINES CORPORATION (NASDAQ: PNCL | Quote | Chart | News | PowerRating) "Up 38.12% in morning trading"

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

Pinnacle Airlines Corp., through its subsidiaries, engages in the operation of a regional airline that provides airline capacity to Northwest Airlines, Inc. (Northwest) and Delta Air Lines, Inc. (Delta) in North America. The company operates an all-regional jet fleet and serves as a Northwest Airlink carrier at Northwest's domestic hub airports in Detroit, Minneapolis/St. Paul, and Memphis, as well as in Indianapolis. Pinnacle Airlines also operates as a Delta Connection carrier that provides airline capacity to Delta at its Atlanta hub. In addition, it has a regional airline that operates under partnership agreements with Continental Airlines, Inc. (Continental), United Air Lines, Inc. (United), and US Airways Group, Inc. (US Airways). Through the above partnership agreements, the company operates an all turboprop aircraft fleet and serves as a Continental Connection Carrier out of Houston/George Bush Intercontinental Airport, a United Express carrier out of Washington Dulles Airport, and as a US Airways Express carrier with operations at Pittsburgh, Boston, Washington Dulles, and New York/LaGuardia airports. As of December 31, 2007, it operated a jet fleet of 137 CRJ-200 aircraft as a Northwest Airlink carrier with approximately 770 daily departures to 115 cities in 36 states and 4 Canadian provinces, and 1 CRJ-900 aircraft as a Delta Connection carrier with approximately 6 daily departures to 4 cities in 4 states, as well as offered approximately 270 daily departures to 53 cities in 12 states. Pinnacle Airlines was founded in 1985 and is headquartered in Memphis, Tennessee.

PNCL News:

July 17 - Pinnacle Airlines, Delta Reach Agreement

Existing Contract to Remain in Effect

Pinnacle Airlines Corp. (NASDAQ: PNCL | Quote | Chart | News | PowerRating) reported that its Pinnacle Airlines, Inc. subsidiary will continue to fly for Delta Air Lines as a Delta Connection carrier under its existing contract, which expires in 2017. Delta previously served notice that it intended to terminate the contract, effective July 31.

"We have tremendous respect for the people at Delta," said Phil Trenary, Pinnacle Airlines Corp.'s president and chief executive officer. "Our discussions with them were amicable and we were able to resolve the issues at hand. We look forward to building on our hard-earned reputation for operating a safe, reliable and cost-effective airline to serve what will soon be the largest air carrier in the world."

Pinnacle entered into an agreement with Delta in April 2007 to operate 16 CRJ-900 aircraft as a Delta Connection carrier and began operations under the agreement in December. Pinnacle has already taken delivery of nine of the 16 CRJ-900 aircraft on order. As part of the resolution between the parties, the in-service dates of the remaining seven aircraft will be deferred until between January and May 2009. The 76-seat CRJ-900 NextGen jet has operating costs that are the lowest among comparably sized regional jets, providing for an economic, efficient aircraft in the Delta network.

WPT ENTERPRISES INCORPORATED (NASDAQ: WPTE | Quote | Chart | News | PowerRating) "Up 12.22% in morning trading"

Detailed Quote: http://www.otcpicks.com/quotes/WPTE.php WPT Enterprises, Inc. engages in the development, production, and marketing of televised programming based on gaming themes. It operates in four segments: WPT Studios, WPT Global Marketing, WPT Online, and WPT China. The WPT Studios segment provides multi-media entertainment services through the domestic and international licensing of television broadcasts, international television sponsorship, and casinos and cardrooms that host televised events. The WPT Global Marketing segment offers branded consumer products, such as licensing World Poker Tour brand and logo; and corporate sponsorship and management of televised and live events. The WPT Online segment operates international real money gaming Web site at WorldPokerTour.com and domestic Web site at WorldPokerTour.com, which includes poker tournament coverage and live updates thereof, statistics, poker player information, and an online merchandise store, as well as ClubWPT.com. The WPT China segment focuses on building the sport and popular Chinese national card game, also known as Tuo La Ji or Traktor Poker. The company has a right to brand and exploit the WPT China National Traktor Poker Tour, as well as marketing and sponsorship rights in conjunction with the Traktor Poker Tour, including third-party branding at tour events and the right to exploit films and other content in various media, and rights to sell online and mobile subscriptions. It licenses its brand to companies in the business of poker equipment and instruction, apparel, publishing, electronic and wireless entertainment, DVD/home entertainment, casino games, and giftware. The company was founded in 2002. It was formerly known as World Poker Tour, LLC and changed its name to WPT Enterprises, Inc. in 2004. The company is based in Los Angeles, California. WPT Enterprises, Inc. is a subsidiary of Lakes Poker Tour, LLC.

WPTE News:

July 17 - Fox Sports Net and World Poker Tour Ink Broadcast License for Season VII

FSN Will Air 26 All-New WPT Season VII Episodes Across Its National Sports Network

WPT Enterprises, Inc. (NASDAQ: WPTE | Quote | Chart | News | PowerRating) and Fox Sports Network (FSN) announced a partnership and broadcast license for Season VII of the World Poker Tour (WPT) television series. FSN, the nation's leading provider of local sports, received exclusive rights to air 26 all-new one hour WPT episodes in the United States across its national sports cable network.

"The World Poker Tour has a track record as the ultimate brand name in televised poker," said George Greenberg, FSN Executive Vice President of Programming and Production. "FSN is very happy to televise such quality content and we look forward to future programming opportunities with the WPT."

WPT, which films its tournaments in premiere properties around North America, will create 26 one-hour episodes from upcoming regular-season events. WPT will shoot the first two episodes today at the Bellagio Cup final table in Las Vegas. FSN and WPT will announce the timeslot and schedule for the complete season broadcast at a later date.

"FSN and News Corporation are two incredible powerhouses in the television industry that have played key roles in the growth and popularity of televised poker," said Steve Lipscomb, WPT Founder, President and CEO. "It couldn't be a better fit for WPT and our fans. We're thrilled."

WPT joins the ranks of MLB, NHL and NBA on the FSN network, which serves as the TV home to nearly two-thirds of all teams based in the United States. FSN's 16 owned-and-operated regional networks and its affiliated networks reach more than 80 million homes across the U.S. FSN is owned and operated by News Corporation.

ABOUT FOX SPORTS NETWORK

FSN is the nation's leading provider of local sports. FSN's 16 owned-and-operated regional networks and its affiliated networks reach more than 80 million homes across the U.S. FSN serves as the TV home to nearly two-thirds of all MLB, NHL and NBA teams based in the United States. FSN also produces close to 5,000 live local events each year, including more than 1,600 in high definition. In addition to its thousands of home team games and a wide variety of locally produced sports programs, FSN televises national sports events and programs, including Pac-10 and ACC basketball and Pac-10 and Big 12 football.

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