OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, September 9th CPRK, WGNR, FNSR, SRLM

Tue. September 09, 2008; Posted: 12:02 PM

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COPPER KING MINING CORPORATION (OTC: CPRK)

Detailed Quote: www.otcpicks.com/quotes/CPRK.php

Company Profile: www.otcpicks.com/copper-king-mining/copper-king-mining.htm

Copper King Mining Corporation currently owns approximately 1200 acres in the Drum Mountains of Utah, which are patent deeded mining claims which contain gold, silver and copper. The company recently added to its holdings by filing six more claims on land which was inside their holdings, but not patent deeded. Contiguous to that acreage is approximately 1100 acres of claims filed by Western Utah Copper Company. As the companies explored the concept of a joint venture on the Drum Mountain properties, it was decided that a very viable consideration was to join the total assets of both companies.

CPRK News:

September 8 - Copper King Mining Corporation Announces Mining Updates

Copper King Mining Corporation (OTC: CPRK), an ore mining, processing, and exploration company located in Southern Utah, provided updates concerning construction of its Flotation Mill near Milford, Utah.

The company has recently expended in excess of $10,000,000 to purchase all remaining major items for the Flotation Mill necessary for its completion, which includes the Toshiba Control system, the MCCS and substation parts, cable trays and electrical equipment. The only remaining primary items required before the Mill is operational are two water wells, one water tank, and ongoing labor costs, which are minimal. The company has also received the feed conveyors for the ball mills and the company's construction crew is working diligently to complete installation of all equipment, systems and parts. The mill is expected to be online, as anticipated, in November 2008.

WEGENER CORPORATION (NASDAQ: WGNR | Quote | Chart | News | PowerRating) "Up 20.34% in morning trading"

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

Wegener Corporation, through its subsidiary, Wegener Communications, Inc., engages in the design, manufacture, and distribution of satellite communications electronics equipment. The company primarily provides digital solutions for video, audio, and Internet protocol data networks. Its products include iPump media servers, which delivers and stores digital content into broadcast, cable, and business operations; UNITY satellite receivers that are primarily used to distribute programming to cable and telecom headends; Compel network control system, which is a network control system; MediaPlan content management and ingest products, which are control and management system modules; and Nielsen media research products that are used to encode Nielsen media research identification tags into media for Nielsen program ratings. It also offers DTV digital stream processor product line for cable and telecom headends; analog audio products comprising series 1600 and 1700 mainframes, sub carrier modulators, demodulators, and decoders, which are used for cable audio distribution; third-party uplink products for video and audio distribution; and various customized products. Wegener Corporation primarily markets its products to business and private networks, cable and broadcast television, and broadcast radio markets through sales representatives, and independent distributors and integrators. It has operations primarily in the United States, Canada, Europe, Latin America, and Mexico. The company was founded in 1977 and is headquartered in Duluth, Georgia.

WGNR News:

September 9 - Wegener Receives Order from Educational Media Foundation for Network Upgrade to DVB-S2 Modulation

Wegener to replace tuner cards in existing satellite receivers

Wegener Corporation (Nasdaq: WGNR), a leading provider of equipment for television, audio and data distribution networks worldwide, announced that Educational Media Foundation has ordered 600 DVB-S2 tuner cards to upgrade their currently deployed Wegener Unity 4600 satellite receivers to the latest high efficiency satellite modulation. Based in Rocklin, California, Educational Media Foundation is a not-for-profit company that operates the K-LOVE (www.klove.com) and Air 1 (www.air1.com) radio networks.

Educational Media Foundation currently deploys Wegener Unity 4600 satellite receivers, iPump 6400 and iPump 6420 media servers for live and file-based radio broadcasts. Educational Media Foundation's central operation hub uses Wegener's COMPEL network control and MediaPlan Content Management systems to control, schedule and distribute its highly targeted programming, promotions and advertising content.

Educational Media Foundation had been using a terrestrial connection to monitor Wegener satellite receivers and media players. The company plans to eliminate that terrestrial link by launching a VSAT low-data wide area network (WAN) that will be used for transmit and back haul operations between affiliates and Educational Media Foundation's central operation hub.

As part of that VSAT launch, Educational Media Foundation is switching its entire satellite network to DVB-S2 modulation. DVB-S2 modulation is a newer, standards-based, satellite modulation scheme offering significant performance gains over DVB-S modulation. The company expects to achieve approximately 20-30% in operational cost savings.

"Combining DVB-S2 modulation, point-to-multi-point data distribution and file-based broadcasts offers excellent cost savings," said Ned Mountain, President of Wegener. "Our iPump 6420 and Unity 4600 will seamlessly link into Educational Media Foundation's VSAT network to create a more consistent flow of report-back data to the central COMPEL network control system. It was extremely gratifying to take advantage of the internal modular design common to many Wegener receive devices to offer Educational Media Foundation this cost-effective DVB-S2 network upgrade path."

Wegener's network control solution for Educational Media Foundation provides end-to-end management of live and digital media files and broadcasts. Reliable monitoring of digital files and receiver health and status is critical to ensure on-air operational success of Educational Media Foundation's operations, which includes several unmanned receive sites.

Educational Media Foundation's order was received during Wegener's fourth quarter of fiscal 2008. Shipments are scheduled for delivery during Wegener's fourth quarter of fiscal 2008 and first quarter of fiscal 2009.

ABOUT EDUCATIONAL MEDIA FOUNDATION

Educational Media Foundation (EMF), a IRS approved 501(c)3 non-profit corporation, is the parent organization of listener supported Christian Music K-LOVE and Air 1 Radio Networks. Combined, they currently operate 603 signals in 46 states with a combined weekly audience of more than 4.5 million listeners. Headquartered in Rocklin, CA, both networks are also streamed live on the Internet at www.klove.com and www.air1.com.

FINISAR CORPORATION (NASDAQ: FNSR | Quote | Chart | News | PowerRating) "Up 7.63% in morning trading"

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

Finisar Corporation designs, develops, manufactures, and markets optical subsystems, components, and network performance test systems for high-speed data communications in the United States and internationally. The company offers optical subsystems and components that connect local area networks (LAN), storage area networks (SAN), and metropolitan area networks (MAN). Its optical subsystems primarily include transceivers, which provide the fundamental optical-electrical interface for connecting equipment used in building networks; transmitters that convert electrical signals into optical signals for transmission over fiber optics; and receivers, which convert incoming optical signals into electric signals. The company?s optical subsystems also include multiplexers, de-multiplexers, and optical add/drop modules for use in MAN applications. Its line of optical components principally comprises packaged lasers and photo-detectors used in transceivers for LAN and SAN applications; and passive optical components used in building MANs. The company also provides network performance test systems, such as products to test the reliability and performance of equipment for various protocols, including Fibre Channel, Gigabit Ethernet, 10 Gigabit Ethernet, iSCSI, SAS, and SATA. It sells its optical subsystem and component products primarily to manufacturers of storage and networking equipment. The company was founded in 1987 and is headquartered in Sunnyvale, California.

FNSR News:

September 8 - Finisar Corporation Announces Upcoming Events With Financial Community

Finisar Corporation (Nasdaq: FNSR), a global technology leader for fiber optics subsystems and network test systems, announced that it will participate in the following upcoming events with the financial community.

Date: Wednesday, September 10, 2008 Event: Jefferies 2nd Annual Technology Conference Location: New York, NY Time: 7:15 a.m. PT / 10:15 a.m. ET Speaker: Jerry Rawls, Executive Chairman

Date: Thursday, September 11, 2008 Event: Deutsche Bank Securities 2008 Technology Conference Location: The Palace Hotel (San Francisco, CA) Time: 8:05 a.m. PT / 11:05 a.m. ET Speaker: Steve Workman, Senior Vice President and CFO

The above listed events will be webcast live and archived. Interested parties should go to the investor relations section at www.finisar.com.

Finisar Analyst Day

Finisar will host an Analyst and Investor Meeting on October 7, 2008, at the Metropolitan Club in New York City. Information regarding this previously announced event is available on the investor relations section of www.finisar.com. Due to limited space, those wishing to attend in person should register no later than October 3, 2008, by visiting Finisar's Web site or by going directly to http://investor.finisar.com/rsvp.cfm.

STERLING MINING COMPANY (OTCBB: SRLM | Quote | Chart | News | PowerRating) "Up 26.32% in morning trading"

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

Sterling Mining controls the Sunshine Mine, which began initial production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol "SLRM", and also on the Frankfurt Stock Exchange under the trading symbol "SMX."

SRLM News:

September 9 - Sterling Mining Company Responds to Misleading Press Releases

Sterling Mining Company (OTCBB: SRLM | Quote | Chart | News | PowerRating) (Toronto: SMQ.TO) (Frankfurt: SMX.F) ("Sterling") responded to misleading press releases issued by Sunshine Precious Metals, Inc. ("SPMI"):

On August 18, 2008 and August 29, 2008 SPMI, through its attorney and consultant, Andrew Grundman, published and disseminated press releases about Sterling that Sterling believes to be false and misleading.

The press release has had an adverse affect on the public perception and has adversely effected the public market in Sterling stock. With the price of silver increasingly significantly since 2003 (when Sterling acquired the lease rights) and the Sunshine Mine back in production, it would seem SPMI is prepared to do anything to break the lease or force concessions on the lease terms from Sterling. SPMI is not a public company and has no duty to publish or disseminate press releases as it did on August 29 through PR Newswire.

The August 29 press release issued by SPMI implies Sterling has failed to pay the annual maintenance and claim holding fees to the Bureau of Land management (BLM) as required by federal regulations, because SPMI had not received evidence of payment on August 15. When the press release was issued, SPMI had already received notice that the BLM was paid in a timely manner, so SPMI knew there was no failure to comply with the applicable federal regulations and that implication of such a violation was false and misleading. Further, Sterling has not received notice from any regulatory authority with respect to any potential compliance issue, so SPMI's vague innuendo about other regulatory compliance issues is without any basis that Sterling is aware of.

In its press release of August 29, 2008, SPMI also claims that it has not been provided access to the mine site for inspection and Sterling has failed to procure adequate insurance coverage. Sterling, in response to a request for inspection has permitted SPMI's representatives to view and inspect the surface operations at the Sunshine Mine, including the Mill and to also conduct an underground inspection of the Mine. Sterling also allowed a SPMI representative to inspect business records maintained at Sterling's Big Creek Office. No access has been denied by Sterling. Finally, in SPMI's August 29, 2008 press release, SPMI accuses Sterling of failing to protect the leased property because a claim of lien has been filed by a vendor. Sterling provided notice to SPMI of the filing of a claim of lien and advised SPMI that it was contesting the amount and of the Lien in good faith, which is Sterling's right to do under the terms of the Sunshine Mine lease.

In its first press release dated August 18, 2008, SPMI announced the filing of a lawsuit against Sterling for "not paying rent" on certain buildings. The lawsuit was filed by Sunshine Property Group ("SPG"), apparently an affiliate or subsidiary of SPMI that holds title to the buildings. In the suit, SPG alleges Sterling has not paid rent and should be evicted under the Idaho Landlord/Tenant Law. Sterling has filed an answer to the complaint denying the allegations and asserted a counterclaim alleging Sterling has paid approximately $480,000 to SPG under a purchase option for the building and that SPG refuses to complete the sale. Sterling remains in the building and subleases space from a third party and is current on all lease payment. Sterling intends to vigorously protect its rights and pursue its legal claims. The business arrangement concerning the office building in Big Creek has no relation to the lease of the Sunshine Mine.

Sterling believes SPMI may continue to disseminate false and misleading information to advance its private agenda regarding the Sunshine Mine. Public investors are urged to rely only on information authorized for dissemination by Sterling.

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