(OTCBB: AOGN), (OTCBB: ZAAP), (OTCBB: OMAG), (OTCBB: MMGP).

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Avalon Oil and Gas, Inc. (OTCBB: AOGN)(December 10, 2007) an oil and gas investment company engaged in the acquisition of oil and gas producing properties, issued a press release announcing that it's majority-owned subsidiary, Oiltek, Inc., has filed a Form S-1 with the Securities and Exchange Commission, and intends for its shares to be quoted on the OTC Bulletin Board after the Form S-1 has been approved.

More good news for AOGN, as according to the press release, Avalon plans to spin-off the shares it owns in Oiltek to Avalon's shareholders on a date determined by the Board of Directors. In August, Avalon entered into an Exclusive License Agreement with Oiltek, wherein it received approximately eighty percent (80%) or ten million shares of the Common Stock in Oiltek, in exchange for the rights to market Avalon's portfolio of energy technologies. Avalon initially filed the Oiltek Form S-1 on October 22, and has responded to comments received back from the SEC on November 23. The Company expects the revised filing to take effect very soon.

The company also reported last week its financial results for the Second Quarter ended September 30, 2007. The press release states that in the Form 10-QSB the Company has filed with the SEC, Avalon demonstrates the continuing success of its business plan with an exponential increase in revenues over the prior year. According to the press release, total revenues for the six months ending September 30, 2007 increased to $100,306 from $6,090 for the corresponding period in the previous year, an increase of 1,547%. Oil and gas revenues for the three months ending September 30, 2007 were $ 57,342, up from the previous quarter where revenues were $42,964, marking an increase in quarterly revenue of 33%. This demonstrates strong and consistent revenue growth for the second consecutive quarter of the current fiscal year, and the fifth consecutive quarter of revenue growth to date. The press release also states total shareholders equity increased to $2,341,615 from $2,093,680 at the end of the second quarter last year, an increase of 12%.

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ZAP (OTCBB: ZAAP) (December 10,2007) has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks.

On Dec. 7th 2007, the company met in California this week with a delegation of 46 experts in the electric car and related fields from throughout China. The Chinese electric vehicle (EV) delegation is composed of officials, experts and entrepreneurs engaged in electric, hybrid and fuel cell vehicle and related component developments, including motors, batteries, power electronics, and energy management. The delegation met with ZAP in a special closed session at the 23rd International Electric Vehicle Symposium and Exposition (EVS-23) in Anaheim, California. EVS is the world's largest electric drive industry event.

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Omagine, Inc. (OTCBB: OMAG) (December 10, 2007) is primarily involved in the real-estate development, entertainment and hospitality industries in the Middle East and North Africa. On Dec. 6th 2007, the company announced that its wholly owned subsidiary, Journey of Light, Inc. (JOL), has signed a memorandum of understanding (MOU) with BankMuscat SAOG (BankMuscat or the Bank), the largest commercial bank in the Sultanate of Oman.

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MM2 Group, Inc. (OTCBB: MMGP) (December 10, 2007) is involved in the acquisition and build-out of dietary supplement and nutraceutical companies. The company's growth strategy is to acquire firms in this extensive and expanding but highly fragmented segment as it seeks to create substantial value for shareholders. On Dec. 7th 2007, the company announced that its wholly-owned subsidiary, Genotec Nutritionals, Inc., a New York based nutraceutical company which generates its sales from the distribution of its branded products and through custom formulations for several large strategic partners, has entered into a strategic venture to manufacture sofgel capsules in Zhongsan City, China.

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