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Jul 24, 2008 -- EAGLE ROCK ENTERPRISES, INC. (PINKSHEETS: EREI | Quote | Chart | News | PowerRating) (EAGLE ROCK) announced today that the Company will work with PINKSHEETS.COM, in order to get a fully visible quote. EAGLE ROCK will file necessary financials and other corporate information with PINKSHEETS, which will provide transparent information about the Company and its business on-goings.
The Company will adhere to PINKSHEETS recommendations to become a "CURRENT INFORMATION" tier quoted entity. Once accepted, EAGLE ROCK will maintain the necessary disclosure requirements under its stock quoted PINKSHEETS designation tier (http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp).
July 22, 2008 -- GoldSpring, Inc. (OTCBB: GSPG | Quote | Chart | News | PowerRating) reported today a continuation in the trend of encouraging assay results from its latest four drill holes, numbered 45-48, suggesting expanded depth and surface area of the identified ore body in the Hartford Complex. The Hartford Complex represents less than five percent of the Company's total leases of landholdings in the Comstock Lode.
"The assays from drill holes 45-48 continue the trend of favorable indications from our 2008 drilling program, suggesting the potential for a broader range of mineralization," said Jim Golden, GoldSpring's Chief Operating Officer. "As a result of these, and other encouraging results obtained from our drilling activity in the Hartford Complex, we have taken steps to accelerate our drilling program. Specifically, we plan to have three drills operating during the third quarter, which may expedite the completion of our drilling program at the Hartford Complex. The completion of the drill program is an essential step in our return to mine production."
Assay results from drill holes 45-48 are set forth below, in reverse order.
-- Drill Hole 48: was targeted to find surface outcropping ore in areas where drill recovery was poor. The hole encountered from the surface to a total depth of ninety feet grading 0.041 ounces per ton gold and 0.86 ounces per ton silver.
-- Drill Hole 47: was targeted to find surface outcropping ore in areas where drill recovery was poor. The hole encountered from surface to a total depth of eighty-five feet grading 0.040 ounces per ton gold and 0.81 ounces per ton silver.
-- Drill Hole 46: from the surface to fifteen feet grades 0.012 ounces per ton gold and 0.50 ounces per ton silver, followed by ten feet (105'-115') grading 0.019 ounces per ton gold and 0.06 ounces per ton silver, with eighty-five feet (220'-305') grading 0.058 ounces per ton gold and 0.46 ounces per ton silver, and twenty-five feet (325'-350') feet grading 0.031 ounces per ton gold and 0.07 ounces per ton silver.
-- Drill Hole 45: encountered five feet (90'-95') grading 0.257 ounces per ton gold and 1.64 ounces per ton silver, followed by a low grade zone of ninety feet (165'-255') grading 0.012 ounces per ton gold and 0.08 ounces per ton silver, and then ninety feet (255'-345') grading 0.077 ounces per ton gold and 0.82 ounces per ton silver.
All of the assays referenced herein and the data derived therefrom have been performed and analyzed by American Assay of Reno, Nevada, a laboratory independent of GoldSpring, utilizing industry standard analytical methods.
About GoldSpring, Inc.
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, contiguous property in the Comstock Lode District. Our Company was formed in mid-2003, and we acquired two properties in the Comstock Lode before the end of the year. We secured permits, built an infrastructure and brought the exploration project into test mining production within a year of its acquisition. The Company, in 2005, began consolidating the Comstock Lode by acquiring additional properties in the district, expanding our footprint and creating opportunities for exploration and mining. We are an emerging company, looking to build on our success through the acquisition of other mineral properties in the Comstock Lode District with reserves or exploration potential. The Company's objectives are to increase reserves through exploration, expand its footprint in the Comstock, resume mining, optimize its production, and maximize shareholder value.
Jul 21, 2008 -- Hybrid Dynamics Corporation ("Hybrid") (OTCBB: HBDY) subsidiary, Delaware American Motors ("DAM"), announced today that it is co-developing, along with the legendary drag race fabricator, James DiTullo, also known as "Puppet", its latest model, the "Nitro". The Nitro ushers in a new genre of motorcycles, the Super Tourer, which integrates the best aspects of today's power cruisers with touring comfort and capabilities.
Mr. DiTullo has been designing and fabricating drag race winning motorcycles since the 70's, with numerous Top Fuel, Pro Stock and AHDRA wins to his name. At one time, his motorcycle held the outright title for the fastest and quickest bike in the world when Larry McBride did the quarter mile in 5.78 seconds at 248 mph. Not only world renowned as an exceptional fabricator, he is also an artist and graphic designer. The Nitro is powered by the all-new S&S X-Wedge engine --a 56-degree, closed-loop fuel-injected, three-cam, overhead valve v-twin designed to deliver the performance expected of an S&S engine, while still complying with EPA laws.
Newly appointed Hybrid CEO, Steven Radt, said, "We are honored to partner up with such a motorcycle legend as Puppet. The pairing of our two companies will give us the chance to offer our customers a bike that will have staggering performance and stunning design while still giving them a bike that they can ride with comfort. We are confident that with Jim's years of race winning experience and artistic flair, combined with DAM's meticulous attention to detail, that the 'Nitro' will be a one of kind, history changing motorcycle."
President Mark Klein, who also heads the Company's Motorcycle Division, added, "From the outset, DAM had a desire to align the company with pillars in the motorcycle fabrication business. Unlike many of the custom bike builders, our mission is to have proprietary, exclusively-designed chassis and components. A DAM bike cannot be assembled from a series of catalog items; the parts are unique to the brand.
"The motorcycle market is very polarizing at the moment. At the top-end, 'jack of all trades' motorcycles, those that attempt to be all things to all people, are being left by the wayside. By creating an ultra-high performance touring bike, we are positioning ourselves to create a product that will take the touring market to the pinnacle of performance."
The Nitro, with production expected to be limited to no more than 99 units, marks DAM's third motorcycle product coming to market. In addition to the Nitro, the Tech Twin American 13C, a limited production, hand-built series corresponding to America's original 13 colonies, is ready to launch. The first bike has been built, with the second near completion. The 13C series will be followed by DAM's American-based Signature Series, paralleling the 56 signatures on the Declaration of Independence.
About Hybrid Dynamics Corporation
Hybrid's strategy is to become a branded leader in the two-wheel transportation market through innovative design and advanced engineering. Hybrid Dynamics will design, develop and distribute a line of environmentally sound, sustainably-engineered personal transportation products. With enhanced design aesthetics and superior quality of components, the Company is positioned at a premium to the market. The products that are currently under development are a pure electric scooter, internal combustion powered scooter and a range extended, two wheeled electric vehicle (Series Hybrid). Through its recent acquisition of Delaware American Motors, the Company has also entered the high-end motorcycle market. President Mark Klein, also head of DAM, has built and sold literally thousands of bikes in his career, including for such notables as Ralph Lauren and model Tyson Beckford.
July 24, 2008 -- Capital Oil & Gas, Inc. (OTC: PODM), announced today that it has agreed to acquire/lease three additional full service gas/convenience stations in Florida to add to its growing portfolio.
The company believes that these additional three stations will add an additional $18,000,000 to $20,000,000 million per year in revenues to its ongoing operations/revenue stream.
The company will pay for these acquisitions/leases from existing cash flow and will not impede on the capital structure of the company as management views any change in capital structure as counter productive.
"It is the intent of executive management to acquire/lease enough stations to generate a minimum of $100,000,000 million per year in revenue, with a potential profit margin of 8% to 10% per year overall, the company believes that it would then be in a position to become a fully reporting company and move to a more respectable venue," said Mr. Ariel Rodriguez, President & COO.
About Capital Oil & Gas, Inc.:
Capital Oil & Gas operates retail filling stations/convenience stores throughout the State of Florida; the company is aggressively seeking additional acquisitions that can meet its financial criteria.
Jul 21, 2008 -- Patriot Scientific (OTCBB: PTSC | Quote | Chart | News | PowerRating) announced today that it has retained Ibis Consulting Group (http://www.ibisnest.com) of Newport Beach, California as their new Investor Relations firm effective August 1. Ibis will be responsible for driving a proactive investor relations program aimed at new equity fund investors, both in the US and globally.
"Ibis has a strong track record of success in introducing companies such as ours to institutional investors driving long term institutional shareholders of Patriot. I am very pleased to partner with Ibis to communicate Patriot's exciting and evolving transition story," said Patriot President and CEO Rick Goerner.
Working together with the Patriot management team, Ibis believes it will be able to garner a broad US and European institutional exposure that will provide stability and growth in the Patriot share price as the company continues to expand beyond its successful licensing program of the MMP(TM) Portfolio into, once again, an operating company through its M&A activity.
The Ibis team has a history of identifying and developing relationships with institutions across the US and Europe which are looking for small emerging companies in which to allocate their resources. These efforts will be instrumental in getting the kind of exposure necessary for Patriot to obtain analyst coverage and make the transition from the OTC market to a broader traded exchange.
About Patriot Scientific
Patriot Scientific is a leading intellectual-property licensing company that develops, markets, and enables innovative technologies that satisfy the demands of fast-growing markets for wireless devices, smart cards, home appliances, network gateways, set-top boxes, entertainment technology, automotive telematics, biomedical devices, industrial controllers and more. Headquartered in Carlsbad, Calif., information about the company can be found at http://www.patriotscientific.com.
About the MMP(TM) Portfolio
The Moore Microprocessor Patent(TM) Portfolio contains intellectual property that is jointly owned by publicly-held Patriot Scientific Corporation (OTCBB:PTSC) and the privately held The TPL Group. The MMP(TM) Portfolio includes seven U.S. patents as well as their European and Japanese counterparts. It is widely recognized that the MMP(TM) Portfolio protects fundamental technology used in microprocessors, microcontrollers, digital signal processors (DSPs), embedded processors and system-on-chip (SoC) devices.
Jul 23, 2008 -- Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, will hold a conference call Tuesday, July 29, 2008 at 2PM ET to provide an operational update on the progress regarding their Pond Creek and Cedar Grove mines held by its wholly-owned subsidiary, Gwenco Inc.
The teleconference dial-in numbers will be announced by the end of business on Monday, July 28, 2008. Investors are welcome to call in with inquiries regarding the company and its recent progress.
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.
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