OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Thursday, December 4th CPRK, PRKR, PLAB, ETLY, OGXI

Thu. December 04, 2008; Posted: 01:25 PM

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COPPER KING MINING CORPORATION (OTC: CPRK | Quote | Chart | News | PowerRating) "Up 7.14% in morning trading"

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:

December 3 - Copper King Restructures Senior Debt to Allow for Strengthened Balance Sheet from Operating Cash Flow

Copper King Mining Corporation (OTC: CPRK | Quote | Chart | News | PowerRating) ("Copper King") announced that it has reached an agreement in principle with its senior debt holders for an extension of the date for payoff until January 1, 2010, more than a full year following the expected start-up of milling operations. The restructuring will allow the Company time to establish stable cash flows from production and for the arrangement of permanent financing to replace the current secured debt. The agreement is subject to the finalization and execution of definitive documentation. The company now plans to reach similar agreements with junior debt holders.

Expected Cash Flow and Strengthening of Balance Sheet

With cash flows expected to begin in early 2009, the company will evaluate a number of options to strengthen its balance sheet and capital structure. In addition to the payoff of existing debt with more favorable permanent financing, the company will also consider pursuing open market buy-backs and retirement of outstanding stock in order to provide a tighter capital structure. The company anticipates that the increasing cash flow, stronger balance sheet and tighter capital structure will engender a more stable trading market for its securities and also allow the company to pursue a formal exchange listing.

At the same time, the company has also tracked a number of reductions in its projected operating costs that will correspond to reduced metal prices. The cost reductions will serve to soften the impact of the current lower copper, silver, gold and other metal prices. Notably, reduced fuel and materials costs are expected to be realized in the company's operations. The company believes that actual demand for copper and all other commodities is strong and will increase. Further, the potential for inflation, once credit and election uncertainties are eased, will put significant upward pressure on metal prices. The company therefore believes that, as it moves into the production phase on its Hidden Treasure Mine, metal prices will recover upward toward their recent highs and perhaps begin to move even higher.

Recent Exploration Success and Upside Potential

In addition, the company believes that the high-grade ore at its Hidden Treasure Mine (in excess of 2% copper with additional credits for silver, gold, molybdenum and magnetite) will also serve to keep its operating costs among the lowest in the industry on a per pound of copper basis.

PARKERVISION INCORPORATED (NASDAQ: PRKR | Quote | Chart | News | PowerRating) "Up 68.94% in morning trading"

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

ParkerVision, Inc. designs, develops and sells its proprietary RF technologies which enable advanced wireless communications for current and next generation mobile communications networks. Its solutions for wireless transfer of radio frequency (RF) waveforms enable significant advancements in wireless products, addressing the needs of the cellular industry for efficient use of power, reduced cost and size, greater design simplicity and enhanced performance in mobile handsets as the industry migrates to next generation networks. ParkerVision is headquartered in Jacksonville, Florida.

PRKR News:

December 4 - ParkerVision, Inc. and LG Innotek Enter into Joint Development Agreement

LG Innotek to Incorporate ParkerVision's RF Technology into Multi-Mode Wireless Modules with Product Launch Targeted in Second Half of 2009

ParkerVision, Inc. (Nasdaq: PRKR | Quote | Chart | News | PowerRating) announced that it has entered into a joint development agreement with LG Innotek, a division of the LG Group and a global market leader in the manufacture and sale of key electronic components. Under the terms of the agreement, ParkerVision will supply unpackaged RFICs that incorporate the company's proprietary d2p(TM) and d2d(TM) technologies, for the reception, transmission and amplification of RF carrier signals. LG Innotek will incorporate these RFICs into multi-mode wireless modules for sale by LG Innotek to their customer base of mobile handset and wireless data card manufacturers.

ParkerVision and LG Innotek have jointly specified the program as a multi-mode, multi-band HEDGE module supporting GSM, EDGE, WCDMA and HSPA standards with a targeted product launch in the second half of 2009. Industry forecasts predict that HEDGE mobile handsets will represent shipments of approximately 80.2 million units annually in 2009, growing by 132% to 186.1 million units annually in 2010. (Source: ABI Research 3Q 2008 - Mobile Devices Market Forecast Analysis, World Handset Shipments by Technology)

Jeffrey Parker, CEO and Chairman of ParkerVision, commented, "We are pleased to partner with LG Innotek to supply multi-mode wireless modules for their significant customer base. The development efforts under this agreement align nicely with our current product roadmap. While supplying RFICs is a departure from our intellectual property licensing model, we believe the efforts we have made to date in developing prototype RFICs for current and prospective customers enables an aggressive time to market scenario. Ultimately, this agreement helps us achieve our goal of becoming a significant player in the 3G mobile handset market."

J.S. Park, CTO, of LG Innotek, commented, "ParkerVision's technologies were selected by LG Innotek based on their unique multi-mode capabilities combined with superior efficiencies. ParkerVision shares our philosophies of quick implementation and quality customer service and we look forward to a long-term, successful relationship. We look forward to bringing our customers the smallest complete HEDGE radio module available in the market enabling them to meet their goals for size, cost, and performance.

ParkerVision will host a conference call to discuss the agreement on Monday, December 8, 2008 at 9:00 AM Eastern time. The conference call will be accessible by telephone at 877-718-5092 (no passcode required) and participants are advised to dial-in at least five minutes before the scheduled start time. The replay of the conference call will be available for seven days by telephone at 888-203-1112 or 719-457-0820 using passcode 4533306 and accessible by webcast via the Internet at www.parkervision.com for a period of 90 days.

ABOUT LG INNOTEK

Founded in 1970, LG Innotek Co., Ltd, a division of LG Group, is a global market leader in the manufacture and sale of key electronic components and modules in the areas of digital information-based mobile communications, displays, networks and car electronics. LG Innotek's products include: LCD modules, LEDs, Camera modules, Power modules, Digital Tuner and Wireless Communication modules.

The company has its headquarters in Seoul, Korea with sales and development offices around the world. LG Innotek has generated annual sales of over US$1.4 billion to customers such as LG Electronics, Motorola, Nokia, Sharp and Sony.

PHOTRONICS INCORPORATED (NASDAQ: PLAB | Quote | Chart | News | PowerRating) "Up 46.32% in morning trading"

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

Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America.

PLAB News:

December 4 - Photronics Amends $155 Million Revolving Credit Agreement and Delays Release of its Fiscal Year 2008 Results

Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, announced that it has amended its $155 million Revolving Credit Agreement (the "credit agreement"). Under the amendment, the Company has through December 12, 2008 to finalize revised terms and conditions of the credit agreement. The Company also announced it will delay the release of its financial results for the fourth quarter and fiscal year for the period ended November 2, 2008.

Photronics, Inc. expects to announce operating results for the fourth quarter of its 2008 fiscal year with revenue of $103.3 million, up 1.7%, compared to $101.6 million for the fourth quarter of 2007. Semiconductor photomasks are expected to account for $77.5 million or 75.0% of revenues during the fourth quarter of fiscal 2008, while flat panel display (FPD) photomask revenues are projected to be $25.8 million or 25.0% of revenues. The Company also expects to report operating income for the quarter due to further improvements in reducing its estimated revenue level to achieve breakeven operating income from previous guidance of $105 - $106 million to below $103 million in revenue.

ECOTALITY INCORPORATED (OTCBB: ETLY | Quote | Chart | News | PowerRating) "Up 29.03% in morning trading"

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

ECOtality, Inc. (OTCBB: ETLY), headquartered in Scottsdale, Arizona, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels.

ETLY News:

December 4 - eTec Minit-Charger Celebrates 10-Year Anniversary

Electric Transportation Engineering Corporation (eTec), a wholly owned subsidiary of ECOtality, Inc. (OTCBB: ETLY), a leader in clean electric transportation and storage technologies, today announced the ten-year anniversary of the first commercial installation of eTec's Minit-Charger fast-charge technology. Initially developed to fast-charge electric vehicles, the technology has applications in various electric-power operations and is currently used in material handling, low-speed electric vehicles and airport ground support operations. December 2008 marks the ten-year anniversary of Minit-Charger's first commercial installation for material handling operations. The initial installation also remains the longest-running fast-charge operation to date.

"With over 4,800 charging stations in operation in over 270 facilities in North America, eTec Minit-Charger has powered more than 90 million operational hours, and is the most advanced and reliable fast-charge technology," said Kevin Morrow, Executive Vice President of eTec Minit-Charger. "By transitioning from battery-swapping operations to the eTec Minit-Charger system, our clients experience immediate cost savings, improved worker safety, and increased productivity. As the pioneering fast-charge technology, Minit-Charger has powered the material handling needs of Fortune 500 companies for over a decade, and has proven that fast-charging is the safest, most reliable, and most economic power choice for mobile vehicles. Through our unparalleled fast-charging experience, we remain the most qualified provider of charging stations for material handling and on-road electric vehicle applications."

Traditional material handling operations consist of swapping 2500-pound batteries out of equipment and replacing them with freshly charged batteries - a time-consuming process that slows operations, requires dedicated battery-charging and swapping areas, numerous spare batteries and poses obvious safety concerns. Utilizing eTec's Minit-Charger systems, material handling operations can recharge lift-truck batteries in convenient 10- to 15-minute periods (i.e. breaks, shift changes or lunch), eliminating the need for handling heavy batteries, reducing the amount of batteries purchased, and saving valuable floor space. By transitioning to eTec Minit-Charger from a battery-swapping process, warehouses and distribution centers typically experience a 40% annual cost savings and recover over 250 annual operating hours per truck.

ONCOGENEX PHARMA INCORPORATED (NASDAQ: OGXI | Quote | Chart | News | PowerRating) "Up 10.13% in morning trading"

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

OncoGenex Pharmaceuticals is a biopharmaceutical company committed to the development and commercialization of new cancer therapies that address unmet needs in the treatment of cancer. OncoGenex has a deep oncology pipeline, with each product candidate having a distinct mechanism of action and representing a unique opportunity for cancer drug development. OGX-011, the lead candidate currently completing five Phase 2 clinical studies in prostate, lung and breast cancers, is designed to inhibit the production of specific proteins associated with treatment resistance; OGX-427 and SN2310 are in Phase 1 clinical development; and CSP9222 and OGX-225 are currently in pre-clinical development.

OGXI News:

December 3 - OGX-011 Shows Overall Survival Advantage in Prostate Cancer Compared to Standard Therapy in a Randomized Phase 2 Study

* First-line trial currently shows median overall survival of 27.5 months for OGX-011 in combination with docetaxel and prednisone and a 16.9 months overall survival for docetaxel and prednisone alone.

* Achievement of survival benefit milestone results in release of all remaining escrowed shares of OGXI.

OncoGenex Pharmaceuticals, Inc. (Nasdaq: OGXI | Quote | Chart | News | PowerRating) announced positive survival results from a randomized Phase 2 clinical trial of OGX-011 in combination with docetaxel and prednisone ("the OGX-011 arm") compared to docetaxel and prednisone alone ("the control arm") for first-line treatment of metastatic castrate resistant prostate cancer. The current 10.6 month median overall survival advantage observed in the OGX-011 arm represents an increase over the median survival observed in the control arm. Docetaxel was approved by the FDA based on a survival advantage of 2.4 months over mitoxantrone.

Based on the median overall survival advantage, the Board of Directors of OncoGenex Pharmaceuticals has approved the release of all of the remaining shares held in escrow pursuant to agreements related to Sonus Pharmaceuticals' merger with OncoGenex Technologies described in its Proxy Statement filed with the SEC on July 3, 2008. The escrow agreements provided for the release of 50% of the original number of shares held in escrow following the demonstration of at least a two-month improvement in survival in the OGX-011 arm as compared to the control arm. All milestone shares have now been released from escrow; as of December 3, 2008 there are 5,513,643 shares outstanding.

The trial was conducted and data were analyzed by the National Cancer Institute of Canada, Clinical Trials Group and was supported by a grant from the NCI-Canada with funding from the Canadian Cancer Society. Previous results regarding the primary endpoint analysis (PSA response) were presented at the Annual Meeting of the American Society of Clinical Oncology (ASCO) on June 2, 2007.

The study randomized 82 patients with metastatic or locally recurring prostate cancer refractory to hormone therapy. The median survival was 27.5 months for the patients in the OGX-011 arm and 16.9 months for those in the control arm. Results currently indicate that patients in the OGX-011 arm have a death rate approximately 40% lower than patients in the control arm. The current results are based on study data with a median follow-up of approximately 30 months for both arms. Additional survival updates are needed before a mature median survival for the OGX-011 arm can be reported. Based on the current results, OncoGenex has calculated that the final median survival for patients in the OGX-011 arm can not be lower than 22.7 months.

An abstract presenting the mature results is planned to be submitted to the American Society of Clinical Oncology (ASCO) meeting.

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