RealPennies.com: Turning Pennies into dollars: (OTCBB: USPR), (OTCBB: ACPH), (OTCBB: UDTT), (OTCBB: KDKN).
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U.S. Precious Metals, Inc. (OTCBB: USPR) (February 1, 2008) Director Sheldon Baer announced on Friday that the roads at the La Sabila project in southern Michoacan have been repaired, the drilling company has arrived and drilling has begun. Mr. Baer went on to say that the certification contractor had arrived on site and would be monitoring the drilling campaign and the processing of the core, to maintain complete integrity.
Mr. Baer also said he recognized the importance of processing the core in a timely manner and that as the assay results are received by USPR they would be released to the public.
Dave Burney, President of USPR also said today "the first drill hole is located adjacent to an outcrop that assayed 0.062 opt gold, 17.3 opt silver. Rock chip samples from another location assayed 0.335 opt gold, 1.093 opt silver, 0.185% copper, and is scheduled to be cored next.
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Acura Pharmaceuticals, Inc. (OTCBB: ACPH) (February 1, 2008) is pleased to announce that The NASDAQ Stock Market has approved the Company's application to list its common stock on the NASDAQ Capital Market ("NASDAQ"). The Company's common stock will commence trading on NASDAQ on February 4, 2008 under the trading symbol "ACUR".
"We are pleased to join the growing list of specialty pharmaceutical companies trading on NASDAQ," stated Andy Reddick, the Company's CEO. "We believe that our new NASDAQ listing will provide enhanced liquidity and visibility and we are looking forward to attracting research analyst coverage as a result of our listing."
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Universal Detection Technology (OTCBB: UDTT) (February 1, 2008), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced on Friday that it has reached an agreement with Kadinuo Science and Technology Company in Beijing to market and distribute UDTT's products in China.
Kadinuo Science and Technology has been active in the introduction and promotion of advanced radiation instruments in the Chinese market for over 10 years. Presently, the company is a strong regional supplier of emergency nuclear monitors, environmental radiation monitors, decontamination technologies, and the like. UDTT's BSM-2000 and other bioterrorism and radiation detection technologies are anticipated to be a great match for Kadinuo's present products and services. Kadinuo has established relationships with more than 200 customers in China, including government administrators such as the Chinese State Environmental Protection Administration, Chinese Center for Disease Control and Prevention, Administration of Quality Supervision, Inspection and Quarantine of China, and the Public Security Bureau. In 2006 and 2007, Kadinuo won 13 and 16 government bids, respectively.
UDTT is a supplier of counter-terrorism services and technologies to private and government organizations. The Company owns the license to a patented technology developed at NASA's JPL and utilized in UDTT's BSM-2000 used for autonomous monitoring of the air for presence of airborne bacterial spores such as anthrax. UDTT also supplies detection kits for detection of up to 5 bioterrorism agents. Among the Company's other products are radiation detection systems, educational material & training DVDs, and antimicrobial chemicals.
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Kodiak Energy, Inc. (OTCBB: KDKN) (February 1, 2008) is pleased to announce commencement of its exploration/development program for its New Mexico properties and provide a operations update to the project.
Kodiak is the operator with 100% working interest in the project comprising of approximately 57,000 acres in northeastern New Mexico.
Kodiak continues to define the New Mexico CO2 project in multiple parallel paths. We have acquired additional lands through the state land auction process and have tendered offers to private holders of mineral leases, which if successful will increase our land position by approximately 25%. A 38 mile seismic program has been defined and Kodiak is currently obtaining bids on equipment, licensing process started and the program is expected to commence within 30 to 45 days. In addition, work is very actively being progressed to obtain a drilling rig for a 3-4 well drilling program. Four drill locations have been surveyed and licensing has been initiated. This drilling program combined with the seismic program will assist to further define the project with testing for deliverability, pay thicknesses, reserve estimates, helium potential and other hydrocarbons and thus overall project economics. An engineering report is expected to be commissioned upon obtaining results. Work is ongoing to identify a potential deeper gas/oil target. The seismic will help to define this, and depending upon results, a drilling license will be applied for this target also.
Engineering firms have been contracted to assist with completion of a Plan of Development (POD) which will lead to a detailed plan for this project for the next 5 - 10 years, to maximize the return of investment and determine the optimum capitalization plan for the project. Targets are May 1, 2008 for POD, financing sourced by July 1,2008, sufficient engineering complete by September 1,2008 for a Construction start very soon afterwards. Target goal of first production of commercial volumes of CO2 by end of 2008. CO2 would be sold into the existing pipeline systems feeding the Permian Basin. Target dates are subject to change as new information becomes available.
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