OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Wednesday, October 8th PGOG, CPRK, DCGN, UVSS

Thu. October 09, 2008; Posted: 03:59 AM

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PERF GO GREEN HOLDINGS INCORPORATED (OTCBB: PGOG | Quote | Chart | News | PowerRating) "Up 5.71% in morning trading"

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

Company Profile: http://www.otcpicks.com/perf-go-green/perf-go-green.htm

Perf Go Green Holdings, Inc. is engaged in the creation and global marketing of 100% eco-friendly, non-toxic, food-contact-compliant, biodegradable plastic products. All Perf Go Green products are made from recycled plastics and completely break down in landfill within two years, leaving no toxic or visible residue, as compared to other plastics that take hundreds of years. Perf Go Green's corporate name reflects its "Go Green" mission to develop, market and distribute biodegradable plastic products as a practical and viable solution to eliminating plastic waste from the world environment.

PGOG News:

October 8 - Perf Go Green Products Hit Retail Shelves Nationwide

Perf Go Green Holdings, Inc. (OTCBB: PGOG | Quote | Chart | News | PowerRating) ("Perf Go Green"), a marketer and distributor of biodegradable plastics, announced that its 13-gallon kitchen trash bags and 30-gallon lawn and leaf bags are on retail shelves at more than 6,000 Walgreens locations throughout the U.S.

"Our roll-out at Walgreens took place right on schedule in mid-September," said Chairman and CEO Tony Tracy. "We are thrilled that our biodegradable bags are available nationwide with this leading retailer, offering consumers an easy, cost-effective way to reduce plastic waste and benefit the environment as they shop for household necessities. Reception by consumers has been enthusiastic and, in fact, we've already received three re-orders from Walgreen's.

"From the get go, Perf Go Green's goal has been to offer a 'green' plastics platform to households and business all over the U.S. With the completion of our launch at Walgreens, as well as the many other retail launches and commercial conversions we have on tap for this fall, we're poised to make that goal a reality. Perf Go Green is helping to lead the way in the 'go green movement,' which analysts project will become a $500 billion market in the U.S. by 2009."

Walgreens is the nation's largest drugstore chain with fiscal 2007 sales of $53.8 billion.

Founded in November 2007, Perf Go Green premiered at the March 2008 International Home and Housewares Show in Chicago, where its products received an honor for their design quality and innovation.

Perf Go Green products incorporate recycled plastics that are combined with an Oxo-Biodegradable proprietary application method to produce the film for the bags. Based on environmental claims statements made by the manufacturer of the Oxo-Biodegradable applied to our bags, when discarded in soil and exposed to the presence of microorganisms, moisture and oxygen, we believe Perf Go Green products biodegrade, decomposing into simple materials found in nature within two years, as opposed to regular plastics, which can take hundreds of years to break down. Through this process and the use of recycled plastics, the company effectively removes plastic waste from the environment. In addition, Perf Go Green kitchen trash bags utilize a unique patented dispensing system that stores the bags on the bottom of trashcans and dispenses them one at a time.

According to Landor Associates, the "go green movement" is poised to become a $500 billion market in the U.S. by 2009.

COPPER KING MINING CORPORATION (OTC: CPRK | Quote | Chart | News | PowerRating) "Up 9.52% 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:

October 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 its operations.

Significant Contract

The company recently awarded a contract to Quality Crushing of Cedar City Utah for two purposes: first to produce road base for dust suppression on the mine haul road surface. This will facilitate more efficient travel between the company's operating mines and the Flotation Mill; and second to, perform ore crushing services during the Flotation Mill's first operating year. As soon as Quality completes the road base construction, it will commence crushing ore for the Flotation Mill's concentrator, which is projected to be in late November 2008.

Concentrator and Mill Components

The company anticipates that the concentrator will be online and operational within sixty days or less. As of this press release's date, nearly all mill components are paid for as construction enters in final phases. The company believes that only small items are left to be purchased, such as vales, meters, etc.

DECODE GENETICS INCORPORATED (NASDAQ: DCGN | Quote | Chart | News | PowerRating) "Up 44.83% in morning trading"

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

deCODE is a biopharmaceutical company applying its discoveries in human genetics to the development of diagnostics and drugs for common diseases. deCODE is a global leader in gene discovery - our population approach and resources have enabled us to isolate key genes contributing to major public health challenges from cardiovascular disease to cancer, genes that are providing us with drug targets rooted in the basic biology of disease. Through its CLIA-registered laboratory, deCODE is offering a growing range of DNA-based tests for gauging risk and empowering prevention of common diseases, including deCODE T2 for type 2 diabetes; deCODE AF for atrial fibrillation and stroke; deCODE MI for heart attack; deCODE ProCa for prostate cancer; deCODE Glaucoma for a major type of glaucoma. deCODE is delivering on the promise of the new genetics.

DCGN News:

October 6 - deCODE Receives Nasdaq Deficiency Notice Relating to Market Value

deCODE Genetics Inc. (Nasdaq: DCGN | Quote | Chart | News | PowerRating) announced that on September 30, 2008 it received a notice from the Nasdaq Stock Market stating that for 10 consecutive trading days the market value of deCODE's common stock had been below $50 million, the minimum level required for continued listing on The Nasdaq Global Market as set forth in Nasdaq Marketplace Rule 4450(b)(1)(A). The notice further stated that deCODE also does not comply with an alternative test set forth in Nasdaq Marketplace Rule 4450(b)(1)(B), which requires total assets and total revenue of $50 million each for the most recently completed fiscal year or two of the last three most recently completed fiscal years.

In accordance with Nasdaq Marketplace Rule 4450(e)(4), deCODE will be provided a period of 30 calendar days, or until October 30, 2008, to regain compliance. If at any time before October 30, 2008, the market value of deCODE's common stock is $50 million or more for a minimum of 10 consecutive business days, the Nasdaq staff will determine if deCODE complies with Marketplace Rule 4450(b)(1)(A).

If deCODE has not regained compliance by October 30, 2008, the Nasdaq staff will issue a letter notifying deCODE that its common stock will be delisted from The Nasdaq Global Market. At that time, deCODE may appeal the determination to a Nasdaq Listing Qualifications Panel. If deCODE cannot meet the requirements for continued listing on The Nasdaq Global Market, it will consider whether to apply to transfer its common stock to The Nasdaq Capital Market.

UNIVERSAL SYSTEMS INCORPORATED (OTC: UVSS | Quote | Chart | News | PowerRating) "Up 16.67% in morning trading"

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

Universal Systems, Inc (USI) is a publicly traded holding company focused on providing economically and ecologically viable water and wastewater treatment solutions. USI offers FULL SERVICE turn-key water treatment services, specializing in "slop oil" and CBM (Coal Bed Methane) produced water. In 2007, USI obtained an exclusive worldwide licensing agreement to provide slop oil and processed wastewater treatment services to the oil industry. The company's mission is to become the leader in the development and delivery of cost effective slop oil and processed wastewater treatment. USI joined Powell Water Systems, Inc. (PWS) and Water Solutions, LLC (WS) to bring PWS' patented electrocoagulation technology to the oil industry, making large flow waste oil and water treatment efficient and cost effective.

UVSS News:

October 6 - Universal Systems and Atlas Monetary International Trust Complete Joint Venture Agreement

Universal Systems, Inc. (OTC: UVSS | Quote | Chart | News | PowerRating) announced that it has successfully signed a joint venture agreement with Atlas Monetary International Trust. The agreement encompasses several initiatives that are core to the Atlas mission. The first component of the agreement has been defined and awards to USI a contract for the design and production of a marine system for cleaning petroleum spills at the point of the spill. USI was selected by Atlas Trust for this joint venture based on the performance of its electro-coagulation systems and the environmental focus of the corporation. The patented technologies employed in these systems give them unrivaled volume flow performance and the ability to remove even the smallest traces of petroleum and other contaminants from seawater, potentially leaving it cleaner than it was before the spill. Discussions are underway that will award additional contracts to USI for environmental projects that are on the Atlas Trust strategic roadmap.

Atlas Trust will immediately purchase 8,000,000 shares of Universal common stock for a price of $25.00 per share, equaling $200,000,000 USD. This infusion of capital will enable Universal Systems to move forward with design of the marine-based electro-coagulation equipment and to take over the contract from Ocean Vacuum Corporation to produce ocean platforms to be used for clean up and recovery of oil spills and contaminated water. The contract calls for the design, manufacturing and assembly of approximately 16,000 ("Sixteen Thousand") units. The contract ceiling currently stands at $2.4 billion (USD); however this number will increase to cover the full projected cost of all systems when the final production cost is determined. Engineering will start immediately and a prototype system will be available for test within 9-months. A large portion of the assembly will take place in Puerto Rico while design, engineering and the building of the working prototype will take place in Baker City, Oregon. Universal has initiated negotiations for the purchase of several large blocks of real estate with existing buildings to accommodate its new cast of employees. Universal plans to move its head quarters there as well in order to consolidate operations and its other products. Production units will be leased to major oil companies and stored on their large oil tankers to act as a first line of defense for decontamination at the point of spill, should one occur. Had these systems been available at the time of the Valdez oil spill in Alaska the majority of the environmental effects felt through the release of millions of gallons of oil into the ocean could have been prevented.

Reflecting on the signing of the joint venture agreement with Atlas Trust, Mr. Kevin Chambers, CEO of Universal Systems, commented, "This agreement is the thread tying together the environmental technologies accumulated by USI over the past several years. These years have been spent in building a unique capability to make an impact on the state-of-the art in environmental cleanup. With the signing of this agreement, the long-standing vision is realized and USI stands fully empowered for execution. This is a momentous occasion for USI and for all who have wished for better ways to mitigate the damage of environmental mishaps on our oceans, beaches and marine life. And this is only the beginning."

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