Turning Pennies into dollars: (Pink Sheets: CJGH), (OTCBB: FKWL), (OTCBB: RNCH), (OTCBB: PWDR).

RealPennies.com: Turning Pennies into dollars: (Pink Sheets: CJGH), (OTCBB: FKWL), (OTCBB: RNCH), (OTCBB: PWDR).

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China Jiangsu Golden Horse Steel Ball, Inc. (Pink Sheets: CJGH) (Frankfurt:4J3.F) (Mon, February 11th, 2008, 6:03pm ET) China Jiangsu Golden Horse Steel Ball, Inc. ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, announced today a capital restructure of its common stock. As of 11 February 2008, twenty (20) million common shares have been retired to treasury, leaving the total shares outstanding at 27,510,217.

About Us:

Golden Horse, along with its affiliates and controlled entities, is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.

For more info: http://fkwl.realpennies.com

Franklin Wireless Corp. (OTCBB: FKWL) (Tue, February 12th, 2008, 9:00am ET) Franklin Wireless Corp., a developer and marketer of wireless broadband communications devices and applications, announced strong results for the second fiscal quarter of 2008, driven by brisk sales of mobile broadband USB modem products in the U.S., Caribbean and South America.

The company reported sales increased 336.4 percent to $7.8 million for the quarter ended Dec. 31, 2007, compared with $1.8 million in sales during the corresponding period of 2006. Net income also rose in the quarter to $1.07 million from $213,659 in the second fiscal quarter 2006.

Sales during the quarter were driven by strong demand for CDMA USB products -- namely the CDU-680, CDU-650 and CDX-650 USB modem products that were introduced during the middle of 2007. The overall sales increase was also due to the surge in sales volume in the United States as well as in the Caribbean and South American countries, in the amount of $1.2 million and $6.7 million respectively, for the three months ended Dec. 31, 2007, compared with $56,798 and $1.7 million for the corresponding period of 2006, an increase of 1,942 percent and 283 percent.

"Our strong position in the CDMA market fueled our tremendous growth in the second quarter," said Franklin Wireless President O.C. Kim. "Going forward, look for the company to make significant inroads into the WCDMA market with high-end solutions that include HSDPA/HSUPA technology targeted at broadband carriers."

Franklin Wireless products are marketed through distributors, as well as directly to operators and end users. The company offers a full range of mobile broadband solutions for CDMA 1xEV-DO Rev.0 and Rev. A operators as well as WCDMA solutions that include HSDPA/HSUPA for worldwide broadband carriers.

For more info: http://rnch.realpennies.com

Rancher Energy Corp. (OTCBB: RNCH) (Mon, February 11th, 2008, 7:28pm ET) Rancher Energy Corp. announced financial results for its third quarter and nine-month period ended December 31, 2007.

Third Quarter Summary

The Company reported revenue of $1.7 million in the third quarter, up from $105,400 in the same quarter last year. Rancher Energy sold 22,020 barrels of oil -- its net interest -- at an average price of $77.40 per barrel in the third quarter.

Total operating expenses in the third quarter increased to $3.1 million from $1.5 million in the same quarter last year when operating expenses were relatively modest due to the late December 2006 and January 2007 acquisition of the Company's producing properties in the Powder River Basin. The year-over-year increase in total operating expenses was primarily attributable to a $734,400 increase in lease operating expenses and a $535,100 increase in general and administrative expense, which rose to $1.7 million, including $394,200 in non-cash stock-based and restricted stock compensation expense. Also contributing to higher G&A expense was increased personnel costs, Sarbanes-Oxley compliance, and audit, legal and reservoir engineering fees. Non-cash depreciation, depletion, amortization and accretion expense increased to $319,400 from $37,200.

Production taxes increased to $207,600 from $11,200. The Company incurred $1.3 million in interest expense and financing costs during the third quarter versus no such expense in the same quarter last year. This expense was primarily related to the GasRock note payable that was originated in October 2007. Net loss for the third quarter was $3.3 million, or $0.03 per basic and diluted share, versus a net loss of $1.4 million, or $0.03 per basic and diluted share, in the same quarter last year.

Rancher Energy closed the third quarter with cash and cash equivalents of $10.3 million, up from $5.1 million at 2007 fiscal year end. The Company recently signed a letter of intent with an experienced industry operator under which up to $83.5 million in financing is expected to be provided to drive Rancher Energy's CO2 recovery program in Wyoming's Powder River Basin. Closing of the transaction, which is subject to regular corporate approvals, completion of due diligence and certain conditions, is scheduled to occur on or before April 30, 2008.

"We are excited about the proposed financing, which will allow us to move directly to the CO2 recovery phase of our enhanced oil recovery (EOR) program," said John Works, President & CEO of Rancher Energy. "Our prospective partner has an excellent operating track record and strong financial backing. This, combined with less than ideal conditions in the debt market and a relatively aggressive funding schedule, made this option an attractive alternative to our previous plans for debt financing. We look forward to moving ahead with the due diligence process and completing the funding on or before the April 30 target date."

Nine-Month Summary

Revenue through nine months increased to nearly $4.7 million from $105,400 in the same period last year. For the year-to-date period the Company has sold 68,076 barrels of oil at an average price of $68.83.

Total operating expenses in the nine-month period were $9.7 million versus $2.9 million in the same period last year when the Company had limited oil & gas operations. General and administrative expense increased to $5.8 million from $2.2 million in the same period last year. This increase is comprised primarily of costs associated with building the Company's oil & gas infrastructure, including higher personnel costs, professional fees and reservoir engineering. Nearly $1.4 million of the $5.8 million in general and administrative expense was non-cash expense related to stock-based and restricted stock compensation. Lease operating expenses, production taxes and depreciation, depletion, amortization and accretion all increased significantly as the Company had a full nine months of operating its producing properties versus less than one full month of operations in the prior year period.

Total other expense in the nine-month period was $4.0 million as compared with $61,700 in other income in the same period last year. The increase was attributable to $2.6 million in non-cash liquidated damages associated with a registration rights agreement and $1.6 million in interest expense and financing costs primarily related to the GasRock note payable. Net loss for the nine-month period was $9.7 million, or $0.09 per basic and diluted share, as compared with $2.7 million, or $0.07 per basic and diluted share, in the same period last year.

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Powder River Petroleum International Inc. (OTCBB: PWDR) (Tue, February 12th, 2008, 7:00am ET) Powder River Petroleum International Inc., a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has entered into an agreement to complete the purchase of the balance of Texoma Drilling Corporation. Powder River had previously purchased a 50% interest in Texoma, as announced in the press release of November 13, 2007.

This gives Powder River 100% control of a full well service and drilling company. This purchase was completed in order to allow Powder River Petroleum to have full control over the drilling and rework schedules of their properties. Equipment includes three drilling rigs and three pulling units (service rigs) as well as six full time service crews. It also includes dozers, backhoes, trenchers, rock saws, winch trucks, transport trucks, welders, and several service trucks as well as several acres of oilfield supplies.

Currently, the first rig is on the Brookeshire project. The Company is also preparing a rework schedule for the Weesatche and Biamante projects to be completed in conjunction with the Brookeshire project. Powder River also plans to complete an upgrade of all existing properties which are currently in production.

"This is an exciting step for Powder River Petroleum International Inc., as it puts us in a position where we have control over the rework and drilling schedules for all our projects. This will serve to protect the interests of our working interest owners, shareholders, and investors," stated Powder River Petroleum International Inc. CEO Brian Fox.

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