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UNICORP INCORPORATED NEW (OTCBB: UCPI) "Up 27.50% in morning trading"
Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. The Company acquires working interests in producing properties with developmental potential and properties that offer relatively low risk exploration potential for both crude oil and natural gas. Unicorp operates onshore along the Gulf Coast of Texas and Louisiana as well as East Texas and Mississippi. The Company strives to enhance asset value through application of current production technology while keeping costs low. The Company's goal is to achieve a high return on its investment and grow shareholder value.
UCPI News:
December 4 - Unicorp Announces 338% Increase in Proved Reserves to $16.4 Million
Unicorp, Inc. (OTCBB: UCPI) announced the results of its third party engineering report for the period ended September 30, 2007. The company prepared the mid-year report to be utilized for the company's funding requirements. Unicorp's total proved reserves using realized September 2007 prices produced a net present value discounted at 10% of $16.405 million, an increase of 338% from $3.742 million at December 31, 2006.
Bob Munn, President and CEO of Unicorp said: "We are pleased to announce this significant increase in our proved reserves when compared to our proved reserves at December 31, 2006. Our drilling successes at South Creole and Carroll Springs fields, which is our Catfish Creek prospect, coupled with our Welsh field acquisition have resulted in the addition of 484.5 MBOE equivalent during the nine months ended September 30, 2007." Mr. Munn went on to say, "Our primary goal for 2008 and beyond is to continue to add to our reserve base through an organic, low-risk drilling program, the addition of new drilling prospects and the acquisition of low cost reserves with the potential for significant upside reserve additions."
KAYENTA KREATIONS (OTCBB: KKRI) "Up 160.87% in morning trading"
For more info: http://kkri.realpennies.com
The company's principal activity was to produce and market specialty children's coloring art books and art coloring pencils. The company has since discontinued this activity and is currently seeking potential acquisitions. Kayenta Kreations is a development stage company.
KKRI News:
December 6 - Geospatial Mapping Systems Agrees to Be Acquired by Kayenta Kreations
Geospatial Mapping Systems, Inc. a privately-held infrastructure technology company specializing in the mapping and management of underground pipeline systems has entered into a Letter of Intent to be acquired by Kayenta Kreations, Inc. (OTCBB: KKRI).
The proposed transaction is subject to certain conditions and will involve a change in stockholder control of the Company, change of management, change of corporate name, change of corporate headquarters and other significant matters. The proposed acquisition is expected to involve a 2.8 to 1 forward stock split of the currently outstanding shares of common stock of Kayenta. Subject to the conditions precedent the transaction is proposed to be completed on or about January 14th, 2008.
About Geospatial
Geospatial Mapping Systems, Inc. utilizes proprietary technologies to safely, accurately and economically locate, map and assess the location and condition of all types and sizes of underground pipelines for the municipal, energy, and industrial sectors. Under exclusive license to Reduct NV of Belgium, Geospatial utilizes the DuctRunner Smart Probe Pipeline Mapping Technology to economically and accurately map underground water, sewer, energy (oil & gas), electrical and communication pipelines and conduits. Utilizing proprietary software, this critical pipeline location data is integrated into GIS (Geographic Information System) data bases which enable municipalities, utilities, energy companies and industrial pipeline operators to better manage their underground pipeline assets. For more information, visit the company's web site at www.geospatialcorporation.com.
MALEX INCORPORATED (OTCBB: MLEX) "Up 18.75% in morning trading"
For more info: http://mlex.realpennies.com
China Wind Systems is presently incorporated as Malex, Inc., a Delaware corporation. The company intends to change its registered corporate name to "China Wind Systems." Through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, collectively known as the Huayang Companies, the company manufactures and sells industrial equipment for use in the textile and coal power industries in China. Huayang Dye Machine was founded in 1995 by Mr. Jianhua Wu, when the textile and dyeing industries began to gain traction in China, by becoming a direct supplier of textile dyeing and finishing equipment to textile producers in China. Huayang Electrical Power Equipment was established in 2005 to supply the coking plants and coal-fired power stations in China with efficiency-producing equipment. In 2007, the company entered the wind energy industry by beginning to manufacture precision forged rolled rings. Management estimates that the percentage of the company's total revenue from wind energy products will be approximately 25% in 2007, and this percentage is expected to increase for 2008 and 2009.
MLEX News:
December 5 - China Wind Systems Announces Completion of Large Scale Manufacturing Facility for Wind Components
China Wind Systems, presently incorporated as Malex, Inc. (OTCBB: MLEX) announced that it has completed the construction of a major manufacturing facility in Wuxi City, in the People's Republic of China. The new facility will be used exclusively to manufacture high precision rolled rings and other critical components for use in the wind power industry.
The new manufacturing facility measures 107,639 square feet and its initial construction was completed in August 2007. The new facility is highly automated with state-of-the-art heat treatment value simulation software, a "green" technology developed by the Forging Technology Section of the Mechanical Engineering Institute, a research organization that helps the company's machines operate with high heating efficiency.
A significant portion of the $4 million raised by China Wind Systems in November 2007 through a private placement led by Barron Partners, LP will be used in the company's initial expansion phase. In the initial phase, China Wind Systems will focus on producing rolled rings that measure up to 5 meters in diameter as well as other wind mill components such as yaw bearings, shafts and rotor blades. Some of the equipment already purchased to manufacture the wind energy components includes a 5-meter ring rolling mill and a 6,000-ton oil press. China Wind Systems plans to purchase additional equipment during phase two and three of its expansion. In phase two, the company intends to manufacture rolled rings with diameters of greater than 5 meters. In phase three, the company intends to manufacture other wind mill components such as turbine leafs. At the conclusion of its expansion, China Wind System's new facility will be capable of producing forged rolled-rings of up to 8 meters in diameter weighing up to 150 tons, to suit different applications and processes in the wind energy industry.
"Our new facility will help us achieve our goal of becoming a major supplier of precision rolled rings for use in yaw bearings on large scale windmills, as well as a supplier of other components such as yaw bearings, shafts, rotor blades and turbine leafs for use in the wind energy industry. We are currently experiencing strong demand from our largest wind energy customer and this will enable us to significantly scale the size of the rolled rings we can deliver while achieving greater integration of our manufacturing process," commented Mr. Wu, Chairman and CEO of China Wind Systems. Although the facility is primarily intended to manufacture rolled rings for use in the wind energy industry, the company's precision rolled rings can also be used in other heavy industries such as the automotives and airlines.
According to the Global Wind Energy Council (GWEC), wind energy is becoming a mainstream energy source. Reasons behind the growth in wind energy include concerns about global warming and the rising costs and projected shortages of fossil fuels. The reduced costs of energy generated by large scale windmills is expected to make wind power a viable solution in meeting the projected growth in energy demand by emerging countries such as China. In 2006, global wind power capacity reached 74.3 Giga-watts (GW), increasing at a 24.4% compound annual growth rate over a five year period. BTM Consult ApS projects global wind capacity to reach 203.2 GW by 2011 from 74.3 GW in 2006, a 22.3% compound annual growth rate. GWEC projects wind power to represent 16% of the global electricity supply by 2020 and as much as 29% by 2030, up from just 0.8% in 2005.
Based on current domestic energy requirements and strong government support, large-scale wind energy is rapidly accelerating in China. Morgan Stanley estimates China's total electricity supply to reach 932 GW by 2011, of which 13.4 GW or only 1.4% will be sourced from wind power. BTM Consult SpA has estimated that China's wind power capacity will reach 13.4 GW by 2011, up from 2.6 GW in 2006. The Chinese government estimates China's wind power capacity will reach 30 GW by 2020.
"Development of large scale wind farms in China is expected to create strong demand for these high precision, large scale components. We are confident in our ability to grow our market share in the industry given our experience in large-scale, high precision fabrication and machining and our solid engineering capabilities in the alternative energy sector," said Mr. Wu.
AVALON OIL & GAS INCORPORATED (OTCBB: AOGN) "Up 18.42% in morning trading"
For more info: http://aogn.realpennies.com
Avalon Oil & Gas, Inc. engages in the acquisition of producing oil and gas properties in the United States. It holds 50% working interest in the J.C. Kelly wellbore, a 121.9 acre lease in Wood County, Texas; the E.A. Chance wellbores, a 40 acre lease in Camp County, Texas; 50% working interest in the Dixon Heirs, Deltic Farms and Timber, the Gunn wells, and associated units and leases, in Miller County, Arkansas; 10% working interest in 13 wellbores located in Upshur County, Texas; 25% working interest in a six well production property located in Grant Parish, Louisiana; and 15% working interest in the Janssen prospect in Karnes County, Texas. The company, through its subsidiaries, owns licenses for the mitigation of paraffin wax deposition from crude oil using ultrasonic waves; borehole casing technology; and to a system for determining the presence and location of leaks in underground pipes. Avalon Oil & Gas, Inc. has a strategic alliance with UTEK Corporation to develop a portfolio of new technologies for the oil and gas industry. The company is based in Minneapolis, Minnesota.
AOGN News:
December 5 - Avalon Oil & Gas Reports Record Revenues for Second Quarter 2007
Avalon Oil & Gas, Inc. (OTCBB: AOGN) (FWB: A3MA) (Avalon) has reported its financial results for the Second Quarter ended September 30, 2007. 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. 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. 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%.
Kent Rodriguez, CEO of Avalon said "This was a very strong quarter for Avalon as we continue to expand our portfolio of oil and gas producing properties." He added, "Avalon's investment portfolio now includes production assets of 44 producing oil and gas wells in 5 states. Since the end of last quarter, Avalon has closed on three new properties, including those in Hughes and Nowata Counties in Oklahoma; as well as a significant transaction for production in Lake Washington Field in Plaquemines Parish, Louisiana. These acquisitions will substantially increase Avalon's revenues and profitability going forward" stated Rodriguez.
Avalon Director Menno Wiebe added "The Company is actively searching for additions to its production portfolio where Avalon sees opportunities to optimize production and increase efficiency." Each property is generating positive cash flow. Production has been optimized at each of the acquired properties to achieve a combination of lower operating expenses and increased production. Avalon Director Stephen Newton emphasized: "Given the current environment for oil pricing and Avalon's access to technology, the company is in the right place at the right time."
"Avalon is not a typical oil and gas company", added CEO Rodriguez. "We are a company that acquires oil and gas producing properties. We do not engage in the drilling of wildcat wells. We acquire proven income streams that generate a suitable rate of return for our shareholders, and provide subsequent investment in workovers and technology application to enhance this income stream."
IDO SECURITY INCORPORATED (OTCBB: IDOI) "Up 14.63% in morning trading"
For more info: http://idoi.realpennies.com
IDO is engaged in the design, development and marketing of devices for the homeland security and loss prevention markets for use in security screening to detect metallic objects concealed on or in footwear, ankles and feet through the use of electro-magnetic fields. These devices were designed specifically for applications in the security screening to complement the current methods for the detection of metallic items during security screenings and at security checkpoints in venues such as airports, prisons, schools, stadiums and other public locations and other venues requiring individual security screening IDO's sole commercial product, "MagShoe" has been issued one patent by the United States Patent and Trademark Office in November 2005 covering various aspects of its unique technology and there is one patent application pending in Israel. In January 2006, the MagShoe(TM) was approved for use by the Department for Transport in the United Kingdom, after fields trials were conducted for the Home Office's Police Scientific Development Branch. In addition, IDO has been certified by the International Organization for Standardization ("ISO") under ISO 9001:2000 compliance for the design, development and manufacture of electronic, electro-optic and electro- mechanical systems.
IDOI News:
December 6 - IDO Security MagShoe(TM) Featured in BBC News Anti-Terror Report
IDO Security Inc. (OTCBB: IDOI) a provider of innovative solutions for the homeland security market including the MagShoe(TM) high speed shoes-on portable footwear weapons detection system, announced that the MagShoe(TM) was featured in a BBC London News Report on anti-Terror technology at the ISNR2007 London Exhibition and US Department of Homeland Security (DHS) Science & Technology Stakeholders Conference.
Click below to watch BBC Video Report (due to the length of the URL, it is best to copy and paste URL into browser to view):
http://news.bbc.co.uk/media/avdb/regions/london/video/137000/nb/137241_16x9_nb.asx
The reporter stated that the "government is already looking at buying some of the products on offer" and then went into a full demonstration of the MagShoe(TM) detecting a box cutter similar to those used by the terrorists on 9/11.
"While it is premature to comment on any sales, we certainly have been receiving a great number of inquiries at the show for demonstrations of the MagShoe(TM), said IDO Security Ltd. CEO Jorge Wolf. "That is why we came to this event and we are very pleased to have been selected by the BBC for a feature."
The MagShoe(TM) has already been approved by the UK PSDB (Police Scientific Development Branch) and the show gives us the opportunity to provide a first hand demonstration of the benefits the MagShoe(TM) provides to the leading Homeland Security decision makers from the US, United Kingdom and Europe attending the show."
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