Wall Street News Alert: Stocks in focus for Wednesday: PrimeGen Energy - July 1, 2009

Wed. July 01, 2009; Posted: 08:31 AM

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Over the past month, PrimeGen Energy Corporation (OTC: PGNE | Quote | Chart | News | PowerRating) has been aggressive in reaching important milestones, and it seems that this forward progress is starting to really pay off. Yesterday after the markets closed, the company issued a press release announcing that the Timan-Pechora Project oil well is a producing, commercially viable well.

"We're obviously delighted with the results of this well," said Robert Charlton, President of PrimeGen. "We found what we hoped for when we entered the program. In addition, the short time between contract signature and production success is a testament to the good will and cooperation we have received from Kozik Energy Ltd."

The oil well was drilled, cased, completed and stimulated during the past month. This initial well is the first of 10 wells that are planned to be drilled and completed for the Timan-Pechora Project. Further details will be announced to stakeholders regarding the timing of the on-going development plan as information becomes available.

Last week the company reported that it has closed a $12 million private placement financing of Series "B" convertible debentures (the "Debentures"). The Debentures, which are convertible in nature, contain a feature that provides the Company with the ability to make interest and principal payments in cash as opposed to common stock.

* See the company's press release for financial details of the financing at: http://finance.yahoo.com/news/PrimeGen-Energy-Closes-12-bw-1671418188.html?x=0&.v=1.

The stock closed yesterday at Three cents a share.

For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_063009.

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VIASPACE, Inc. (OTCBB: VSPC | Quote | Chart | News | PowerRating) up 10% on 1.6 million shares traded.

On June 29, 2009 VIASPACE, Inc. a clean energy company providing products and technology for renewable and alternative energy, recently announced the appointment to its advisory board of Professor Yingjun Zhang of China Agricultural University, a respected expert in the science and technology of growing and using grass. China Agricultural University, located in Beijing, is China's leading agricultural university with 30,000 undergraduate and graduate students.

Prof. Zhang received his bachelor's and master's degrees in grassland science and earned his PhD degree in agronomy from Gansu Agricultural University in China. He was a postdoctoral fellow at the National Institute of Livestock and Grassland Science in Japan. Prof. Zhang's research has focused on grassland management in diverse areas of China and on grass as animal feed. His research has been supported by the Chinese Ministries of Agriculture, Education, and Science and Technology.

VIASPACE is cultivating and marketing fast-growing Giant King Grass as a feedstock for producing cellulosic low-carbon biofuel ("grassoline"), and as a biomass replacement for coal as the heat source for electricity generating power plants. VIASPACE is also exploring the animal feed market as a source of early revenue, as Giant King Grass was originally developed as animal feed for cows, sheep, goats, poultry and fish.

VIASPACE Chief Executive Dr. Carl Kukkonen stated: "I am pleased to welcome Prof. Zhang to our advisory board. He and his colleagues at China Agricultural University will be an invaluable resource as we pursue our plan to grow Giant King Grass in China and other areas of Southeast Asia. Prof. Zhang has contacts throughout China that are expected to be helpful in our search for new growing sites and he shares our excitement and outlook for the use of grass as a renewable energy source as well as animal feed."

About VIASPACE Inc.:

VIASPACE is a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and other high-pollutant energy sources. The Company provides raw material for cellulosic biofuels and develops and markets fuel cell cartridges, products and technology. VIASPACE subsidiary Direct Methanol Fuel Cell Corporation owns a portfolio of fuel cell patents licensed from Pasadena-based California Institute of Technology (Caltech), which manages NASA's Jet Propulsion Laboratory, where the direct methanol fuel cell was invented. VIASPACE subsidiary Ionfinity has operations in security-related systems and technology for military, defense and commercial applications.

Ambient Corporation (OTCBB: ABTG | Quote | Chart | News | PowerRating) up 9.6% on 2.8 million shares traded.

On Jun 30, 2009 Itron Inc. announced it has signed a memorandum of understanding (MOU) with Ambient Corporation for integration of Itron smart grid and advanced metering infrastructure (AMI) solutions, and components, with Ambient Smart Grid(R) communications platform. The partnership enables a comprehensive and complete suite of smart grid functionality that Itron and Ambient will jointly market to utility customers.

Under terms of the agreement the companies will closely integrate Itron's leading advanced metering application for the smart grid, OpenWay(R), with Ambient Smart Grid communications technology to seamlessly connect legacy equipment as well as advanced smart energy applications to the nation's power grid.

Itron North America senior vice president and chief operating officer Philip Mezey said, "This is further proof that the OpenWay architecture is adaptable to multiple networks in support of smart grid deployments. Building the smart grid requires unprecedented collaboration. Our partnership with Ambient will help both our companies extend smart grid benefits to more energy users."

The agreement covers multiple technologies from both companies, including Itron ERT(R) technology, used for automated meter reading (AMR); as well as Itron Fixed Network and OpenWay RFLAN communications. The partnership leverages Ambient's X-3000 node and AmbientNMS(R), key components of Ambient Smart Grid solutions, and network capabilities utilizing Verizon Wireless' cellular networks.

John J. Joyce, president and chief executive officer of Ambient, said, "This partnership brings together Itron's core consumer and commercial AMI technologies with Ambient's high-capacity communications network for a complete 'utility to the home' smart grid solution." Itron is a leading, global solutions provider to energy and water utilities, with more than 14 million OpenWay meters under contract. Ambient designs, develops, and markets Ambient Smart Grid equipment, technologies and services.

About Itron:

Itron Inc. is a leading technology provider to the global energy and water industries. Our company is the world's leading provider of intelligent metering, data collection and utility software solutions, with nearly 8,000 utilities worldwide relying on our technology to optimize the delivery and use of energy and water. Our products include electricity, gas, water and heat meters, data collection and communication systems, including automated meter reading (AMR) and advanced metering infrastructure (AMI); meter data management and related software applications; as well as project management, installation, and consulting services. To know more, start here: www.itron.com.

About Ambient Corporation:

Ambient designs, develops and markets Ambient Smart Grid communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies. Headquartered in Newton, MA, Ambient is a publicly traded company (OTCBB:ABTG).

The Amacore Group, Inc., (OTCBB: ACGI | Quote | Chart | News | PowerRating) up 4.1% on 1 million shares traded.

On Jun 30, 2009 The Amacore Group, Inc. a leader in providing membership benefit programs, insurance programs, and other innovative and high-quality benefit solutions to individuals, families and employer groups nationwide, following a detailed strategic and financial analysis, recently announced it has revamped and retooled its JRM Benefits Consulting Division's ("JRM") sales channels and strategy. The new approach will migrate sales activity to an agent distribution network model and reduce its focus on call center services. This strategic move is expected to reduce JRM's operating expenses, and is an important step in achieving divisional profitability.

As part of its strategy, JRM has recruited seasoned career agents to sell Amacore's suite of insurance products. JRM agents will focus initial sales efforts on Amacore programs like Amacore Elite Dental(TM), a practical and affordable dental solution with an extensive dental network of more than 80,000 dentists nationwide, SmartHealth Diamond, its flagship product incorporating Limited Medical programs along with medical discount savings products, and Final Expense, a program developed for individuals who have had difficulty obtaining life insurance because of prior or existing medical conditions and/or for those customers who do not want to undergo medical tests in order to obtain life insurance. Final Expense plans provide the finances to take care of the policy holder's medical bills, funeral expenses, or other outstanding debts upon the policyholder's death. Over the next several months, Amacore expects to expand the suite of products sold through the JRM agent network.

Regarding the strategic shift in sales strategy, Amacore President Guy Norberg commented, "We expect that utilizing a carefully selected agent network comprised of seasoned career professionals to sell Amacore's suite of insurance products and medical discount programs will yield increased conversion performance and reduced operating expenses, resulting in improved profit margins for the JRM division. With so many Americans losing insurance benefits, media attention, and government reforms focused on providing healthcare benefits to all Americans, we believe Amacore's suite of products sold though these channels represent great potential in the marketplace. We believe using career agents to sell our products will yield stronger results for our company and our shareholders."

Jay Shafer, CEO of Amacore, added, "Implementing these changes at JRM is yet another example of how our management team is focused on continuous efforts to improve company performance. We remain steadfast in our commitment to improve profitability and shareholder value."

About The Amacore Group, Inc.:

The Amacore Group, Inc. is primarily a provider and marketer of healthcare related products, including healthcare benefits, vision and dental networks, and administrative services such as billing, fulfillment, patient advocacy, claims administration and servicing. The Company primarily markets healthcare-related membership programs such as limited and major medical programs, supplemental medical and discount dental programs to individuals and families. It distributes these products and services through various distribution methods such as its agent network, direct response marketing companies, DRTV (Direct Response TV), inbound call centers, in-house sales representatives, network marketing and affinity marketing partners. The Company's secondary line of business is to place membership programs through these same marketing channels. These membership programs utilize the same back office and systems creating marketing efficiencies to provide low cost ancillary products such as pet insurance, home warranty, involuntary unemployment insurance, and accident insurance.

Market Commentary: The widely watched Standard & Poor's/Case-Shiller index of 20 major cities tumbled by 18.1 percent. However, it marked the third straight month the decline was not a record, and it seems there is a clear trend home prices declines are moderating and the battered housing market maybe stabilizing.

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