Stockguru.com: Stocks to Watch for November 24, 2008 - NCLC, PACT, AEGG, PMED, OTGO, and MGUY

Nov 24, 2008 (M2 PRESSWIRE via COMTEX) -- PMEDE | Quote | Chart | News | PowerRating -- Our Stocks to Watch today include : NorCal Community Bancorp (OTCBB: NCLC), PacificNet Inc. (OTCBB: PACT), American Energy Group Ltd. (OTCBB: AEGG), Paradigm Medical Industries Inc. (OTCBB: PMED), Organic To Go Food Corporation (OTCBB: OTGO), and Mogul Energy International Inc. (OTCBB: MGUY)

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NorCal Community Bancorp (OTCBB: NCLC | Quote | Chart | News | PowerRating) Shares traded down 6.25% at $7.50

NorCal Community Bancorp operates as the holding company for Bank of Alameda that provides commercial banking services for individuals and small to mid-sized businesses in California. Its deposit products include personal checking and savings accounts, business checking and savings accounts, money market deposits, NOW accounts, and time deposits. The company?s loan portfolio comprises mortgage loans; construction loans; home equity lines of credit; home equity loans; and consumer loans, including auto loans, personal loans, lines of credit, reserve lines, and credit cards, as well as commercial loans, such as working capital lines of credit, accounts receivable financing, equipment financing and leasing, commercial real estate loans, business acquisition or expansion loans, and business credit cards. It also provides other products and services, including safe deposit boxes, cashier?s checks, wire transfers, night drop deposit services, linked overdraft protection, lockbox services, remote deposit capture, and merchant card services. In addition, the company offers online banking services, cash management services, and online bill payment services. As of December 31, 2007, it operated six offices in Alameda County, three branches in the city of Alameda, two commercial banking offices located in Emeryville and Oakland, and a loan production office in Walnut Creek. The company was founded in 1998 and is based in Alameda, California.

NCLC News Friday, NorCal Community Bancorp and its subsidiary, Bank of Alameda, announced that Robert K. Dahl plans to retire from the Board of Directors after a decade of distinguished service to the Company and Bank. Mr. Dahl announced that his retirement will be effective December 31, 2008. Dahl, 68, was an original founder of the Bank of Alameda and has been a director since March 1998 when the Bank commenced operations. Chairman of the Board James B. Davis stated, "Bob brought a wealth of knowledge and experience to the Board having served on several public and privately owned companies as an effective director." Davis further stated, "On behalf of the Board of Directors and management we would like to thank Bob for his years of service and wish him and Pat years of enjoyment as they spend more time at their beautiful home in Mexico."

PacificNet Inc. (OTCBB: PACT | Quote | Chart | News | PowerRating) Shares stayed steady at $0.15

PacificNet is a leading provider of gaming and mobile game technology worldwide with a focus on emerging markets in Asia, Latin America and Europe. PACT's gaming products are localized to their specific markets creating an enhanced user experience for players and larger profits for operators. PACT's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Europe and elsewhere around the world. PACT employs about 500 staff in its various subsidiaries with offices in the US, Philippines, Hong Kong, Macau, China.

PACT News Friday, PacificNet announced that its President and CEO, Mr. Victor Tong, will present at the Casino Affiliate Convention (CAC) at the Venetian Macau, November 21-22, 2008. Mr. Tong will give a presentation titled "Mobile Gaming and Lottery Technologies in Asia" covering PacificNet's experience in mobile gaming and lottery technology development in Asia. Mr. Tong also commented, "Based on forecasts from Juniper Research, revenue of global mobile gaming services will expand to USD$10.5 billion in 2009 from USD$3 billion in 2006. User scale will continue to grow rapidly in developing countries. In the coming 6 years, cumulative revenue will reach nearly USD$57 billion worldwide with the Asia-Pacific region accounting for a large share of this. From 2006 to 2011, cumulative revenue of the Asia- Pacific region is predicted to account for 38% of the global market share of mobile gaming revenue. We are excited about how rapidly mobile gaming is expanding and the huge market potential. Despite the worldwide economic slowdown, we are seeing impressive growth opportunities in China, Macau and Asia and steady demand for our products in mobile gaming, lottery and e- commerce."

American Energy Group Ltd. (OTCBB: AEGG | Quote | Chart | News | PowerRating) Shares traded up 4.12% at $1.01

American Energy Group, Ltd. engages in acquisition and development of oil and gas properties. It owns an 18% overriding royalty interest in the Yasin Concession in Pakistan, and a working interest in an oil and gas lease in Galveston County, Texas. The company was incorporated in 1987 as Dimension Industries, Inc. It later changed its name to DIM, Inc.; to Belize-American Corp. Internationale; and to The American Energy Group, Ltd. in 1994. The company is based in Westport, Connecticut.

AEGG News Friday, The American Energy Group announced that Hycarbex-American Energy, Inc. has spudded the Yasin Exploratory Well #1 on Yasin Block (2768-7). The American Energy Group, Ltd. owns an 18% gross royalty in the Yasin Block (2768-7) Concession. The working interest is co-owned by Hycarbex (85%), Hypak Asia (Pvt) Ltd. (10%) and Government Holdings (Pvt) Limited (5%). As previously announced, the Yasin Exploratory Well #1 is expected to be drilled to a total depth of 1,550 meters (5,085 feet) and to target the Sui Main Limestone at 1,110 meters (3,642 feet) and the deeper Pab Sandstone at 1,550 meters (5,085 feet). The target structure was identified by Hycarbex using seismic results which were completed in December 2007. According to Hycarbex, the seismic analysis indicates that an identified Sui Main Limestone reservoir has an indicated estimated closure of 23.4 square kilometers (9 square miles) and vertical relief of 40 msec., and an indicated Pab Sandstone reservoir has an estimated closure of 21.49 square kilometers (8.3 square miles) and vertical relief of 30 msec.

Paradigm Medical Industries Inc. (OTCBB: PMED | Quote | Chart | News | PowerRating) Shares stayed steady at $0.001

Paradigm Medical Industries, Inc. engages in the development, manufacture, sourcing, marketing, and sale of ophthalmic surgical and diagnostic instrumentation and related accessories, and disposable products. Its diagnostic products include P55, P2200, and P2500 pachymetric analyzer; P20 and P2000 A-scan biometric ultrasound analyzer; P37, P37-II, P2700, and P3700 A/B scan ocular ultrasound diagnostic product; P40, P45, and P60 UBM ultrasound biomicroscopes; BFA ocular blood flow analyzer and disposables; CT 200 corneal topography system; LD 400 autoperimetry system; and TKS 5000 autoperimetry system. The company?s products also comprise Precisionist Thirty Thousand, ocular surgery workstation with surgical equipment and disposables, and Photon laser products. Paradigm Medical Industries markets its products to ophthalmologists, optometrists, universities, and clinics through direct sales representatives, independent sales organizations, and ophthalmic product distributors in the United States, as well as through a network of ophthalmic and medical product distributors internationally. The company was founded in 1989 and is based in Salt Lake City, Utah.

PMED News Friday, Paradigm Medical Industries named Stephen L. Davis as President, he replaces Raymond Cannefax, who was terminated. Mr. Davis, who previously served as the Company's Vice-President Sales and Marketing from May 2007 to February 2008, has more than 20 years experience in the ophthalmic industry. "We believe Stephen Davis will be able to help expand the Company's proprietary products and devices domestically and internationally," said Paradigm Medical's Board Chairman Randall Mackey. "He is an exceptional manager and strategist." Mr. Davis noted, "Short-term, my efforts will be to reinvigorate Paradigm Medical's global sales and marketing efforts and ensure product availability to our customers. And we will continue to exercise strong financial management. Our product mix is unsurpassed in the ophthalmic industry and we will continue to meet the current and future needs of the market. Longer-term, my goal is to capitalize on our strengths, which will result in solid and sustainable growth for the Company and maximizing our returns," Mr. Davis added.

Organic To Go Food Corporation (OTCBB: OTGO | Quote | Chart | News | PowerRating) Shares traded up 30.43% at $0.30

Organic To Go Food Corporation, together with subsidiaries, provides convenient Retail Cafes, and delivery and catering facilities that prepare and serve ?grab and go? lunch, dinner, and breakfast foods and beverages prepared using organic ingredients. The company distributes its products through Retail Cafes, delivery/casual catering services, and select wholesale accounts. Its target customers include white collar office workers, as well as students and employees of colleges and universities. The company also provides sandwiches and other ?grab-and-go? food to independent coffee vendors at the Los Angeles International Airport. As of December 31, 2007, Organic To Go Food Corporation operated 26 Retail Cafes in the Seattle, Washington; Los Angeles, California; and San Diego, California vicinities. The company was founded in 2004 and is based in Seattle, Washington.

OTGO News Friday, Organic To Go announced that it has partnered with Jamba, Inc., the parent company of Jamba Juice, to provide its organic and natural food offerings at Jamba Juice locations in Los Angeles and Orange County, California and Bellevue, Washington. The initial test launch is in Southern California and Washington State with potential expansion into additional stores and geographic areas. Organic To Go is supplying branded grab & go salads, sandwiches, wraps, cookies, and yogurt parfaits to the Jamba locations. "We're excited about the possibilities of this test. Our partnership with Organic To Go provides Jamba customers organic and natural food that supports their growing desire for a healthy lifestyle," said Steven R. Berrard, Chief Executive Officer and President of Jamba, Inc.

Mogul Energy International Inc. (OTCBB: MGUY | Quote | Chart | News | PowerRating) Shares stayed even at $0.05

Mogul Energy International, Inc. operates as an independent oil and gas exploration company. It also involves in financing and acquiring drilling prospects. The company holds a 100% interest in approximately 9,300 acres situated in south east Saskatchewan, Canada; and a 20% working interest in the East Wadi Araba Concession located in the Gulf of Suez, covering approximately 295 square kilometers in the sovereign territory of the Arab Republic of Egypt. Mogul Energy International was founded in 2005 and is based in Seattle, Washington.

MGUY News Friday, Mogul Energy announced that the company has commenced its drill program involving the Walpole properties located in southeastern Saskatchewan. Mogul Energy representative has confirmed that the first well has been spudded successfully. The first well is to be drilled to a total depth of 1100 meters testing the Torquay, Souris Valley and Bakken Formations. The company has also announced that with the assistance of CODECO Energy Group, it has completed construction on its second location. Naeem Tyab, Mogul company President stated, "We are pleased to announce that we are now spudding our first well, ahead of the December 1, 2008 scheduled start date." Results from this well tests and drilling on the second location will be announced in the weeks ahead.

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