InvestSource, Inc.: SymPowerco Applies for Government Grant

Jul 24, 2008 (M2 PRESSWIRE via COMTEX) -- UGI | Quote | Chart | News | PowerRating -- Stocks in the News: SymPowerco Corporation (PINKSHEETS: SYMW), GWS Technologies, Inc., (OTC BB: GWSI), Microfield Group, Inc. (OTC BB: MICG), UGI Corporation (NYSE: UGI)

Jul 23, 2008 -- SymPowerco Corporation (PINKSHEETS: SYMW | Quote | Chart | News | PowerRating) CEO John Davenport today announces that the company's majority-owned subsidiary, Polygenic Power Systems, has submitted a preliminary application to a major North American Government Agency for a series of grants to be used for advanced development of the company's unique Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC). As part of the application process, the PPS documentation must detail the current state of the company's fuel cell technologies as well as the research and development goals and plans for the fuel cell. In addition, the company is required to submit its plans for manufacturing and marketing of the fuel cell, hybrid power systems and related technologies. After its submission, the application is subject to rigorous academic and industrial peer reviews before final review and acceptance by the Government Agency. Stated SymPowerco CEO, John Davenport, "Governments across North America are determined to help advance environmentally sound Alternative Energy projects and technologies. We at SymPowerco believe that these initiatives are fundamental to the rapid development of these very important projects."

Jul 23, 2008 -- GWS Technologies, Inc., (OTC BB: GWSI | Quote | Chart | News | PowerRating) a renewable energy technology company developing and marketing solar and wind-powered alternative energy products and solutions, today announced the launch of the company's new website dedicated to the emerging microgeneration marketplace. Microgeneration is the production of low-carbon electricity by individuals, small businesses and communities to meet their own energy requirements, and is part of a growing movement that is transforming the way everyday people provide for their energy needs. Microgeneration technologies include small scale wind turbines, photovoltaic solar power systems, and handheld products that can recharge electronic devices. The website, at www.greenwindsolar.com, includes an ecommerce store where consumers can purchase the most advanced consumer renewable energy products, including portable solar and wind chargers that can recharge mobile phones, iPods, or USB interface digital products (MP3/MP4 players), PDAs and portable games consoles. The store also features a line of Vertical Axis Wind Turbines (VAWTs), which convert wind energy to electrical power and are ideal for homes, small commercial buildings, boats, remote power, emergency power, and battery charging. VAWTs function better than conventional wind turbines because they are omni-directional and more efficient in low wind speeds. VAWTs also appear to be a solid object as their rotational speed increases, making them visible to birds and therefore safer for wildlife.

Jul 23, 2008 -- EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (OTC BB: MICG), and industry leader in innovative demand response technologies, today announced a partnership to provide demand response services to Yahoo! Inc., a leading global Internet company. During a demand response event, companies that have previously committed to reduce their electricity usage are called upon to ease the strain on the power grid by responding quickly and decreasing their electricity consumption. By cutting back on its electricity use, Yahoo! helps balance the electric grid by freeing up power it would have otherwise been using, helping to prevent rolling blackouts, and limiting the need to bring additional green house gas generating plants on-line. "Yahoo! is committed to environmental stewardship and we are constantly searching for effective ways to decrease our carbon footprint," said Christina Page, Director of Climate and Energy Strategy at Yahoo! Inc. "We are pleased to partner with EnergyConnect and see this important program as a complement to our larger commitment to be an environmentally responsible company." A steady rise in energy costs makes it essential for electricity customers to find new and effective ways to manage their energy usage. EnergyConnect's next generation demand response services enable a more efficient and reliable power grid while creating additional revenue opportunities for participating companies. Yahoo!'s participation in the demand response program was off to a good start on July 10, 2008 when the company responded to the call from PG&E to reduce power consumption due to peak demand on the grid. Yahoo! reduced electricity consumption at its corporate headquarters and data centers in Northern California by 1 megawatt (MW). In total, Yahoo! provided enough capacity to power approximately 750 homes. "Reliable, active participants such as Yahoo! demonstrate the significant role that demand response can play in meeting our nation's growing energy needs," said Rich Quattrini, Vice President for EnergyConnect's Western Region. "By participating in this program, Yahoo! has demonstrated its commitment to the community and is helping to alleviate the need to build expensive peaking power plants that only run a few hours a year. We are pleased to have them working with us on this important program."

Jul 23, 2008 -- UGI Corporation (NYSE: UGI | Quote | Chart | News | PowerRating) announced today that one of its subsidiaries will soon be generating nearly 11 megawatts of electricity using recovered landfill methane gas. The Broad Mountain project is located at a Hegins, PA landfill owned and operated by Commonwealth Environmental Systems, L.P. UGI Energy Services, Inc., with headquarters in Wyomissing, Pennsylvania, is the non-regulated subsidiary of UGI that will own and operate the plant. When completed, the $36 million project will be one of the largest of its kind in the United States. Lon R. Greenberg, chairman and chief executive officer of UGI, said, "It gives me great pleasure to announce our second landfill gas project in less than a year. We take our responsibilities as an energy provider seriously and we will continue to seek out clean and sustainable energy projects in the future that have attractive returns for our shareholders." Bradley C. Hall, president of UGI Energy Services, added, "From our base in Pennsylvania, UGI Energy Services is uniquely positioned to recognize and evaluate opportunities like the Broad Mountain project. We are a premier distributor and marketer of energy products and services with a diversified portfolio of assets to serve customers throughout the mid-Atlantic region." UGI Energy Services has completed the design phase of the project and has ordered electric generators that are specifically designed for landfill gas operation. In addition, special equipment will be needed to compress, filter, and dry the landfill gas prior to fueling the generators. The project should be completed and electric power production initiated by the end of December 2008.

Market Wrap for July 23rd, 2008

Wednesday marked an active session for Wall Street, with 110 companies releasing their quarterly results, including four Dow components. In addition, the government announced its weekly energy statistics and the Fed released its Beige Book. The stock market settled with a modest gain of 0.4% in volatile and heavy trade. The advance was aided by a steep drop in crude prices and several better-than-expected earnings reports. The Nasdaq outperformed its counterparts thanks to strength in large-cap tech names.

Defensive investments, such as the utilities sector (-2.3%), underperformed, while beaten-down areas saw a surge in buying interest, as investors showed more willingness to take on risk. Consumer discretionary stocks rose 2.0%, with homebuilders climbing 4.0%. Automakers rose 3% after General Motors (GM 14.60, +0.28) forecast a 2.5% increase in global 2008 auto sales, as strong emerging market demand offsets weakness in North America. Meanwhile, retailers advanced (+2.4%) after crude prices took a tumble. Oil prices fell 3.1% to $124.48 per barrel, marking its lowest level in more than six weeks. Crude inventory levels fell by a larger-than-expected amount, but an increase in gasoline stockpiles raised concerns of demand destruction. The drop in oil prices weighed heavily on the energy sector (-3.8%), but provided a huge lift to airline stocks (+8.5%). Commodities as a whole fell 1.7%, with gold shedding 3.1% as the dollar rose 0.5%. As a result, the materials sector (-1.7%) underperformed. The financial sector was once again in focus after Washington Mutual (WM 4.65, -1.17) reported a larger-than-expected second quarter loss of $3.3 billion. The sector managed to gain as much as 4.6% on news that lawmakers reached a deal on a housing bill that, among other things, will allow for financial aid to Fannie Mae (FNM 15.00, +1.59) and Freddie Mac (FRE 10.80, +1.10) if need be. Financials slipped off their best levels, to settle the day with a gain of 1.9%, after WaMu reversed into the red on concerns that it will have to raise more capital. The financial sector is up 34% since July 15, but is still down 23% this year. The Fed's Beige Book, a collection of anecdotal economic information, prompted a brief drop in stocks, but the market quickly recovered from the knee-jerk reaction as much of the information was already known. The report stated that the economy has "slowed somewhat" since the previous report, and that there were increased price pressures. In addition, consumer spending was "mixed, weak or slowing" in nearly all districts.

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