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Execute Sports Inc. (OTCBB: EXCS ) (December 17, 2007) a company engaged in the design, manufacturing and sale of water sports products, today announced that its marketing agent, Challenger Powerboats Inc., has received orders for Execute's Sugar Sand line of boats totaling 114 boats or $2.4 million.
The orders were generated as a result of a dealer meeting organized by Challenger, which is an annual event, during which boat manufacturers display their new models to dealers and, normally, generate approximately 30 to 35 percent of annual sales. Sugar Sand boats, as well as Challenger's performance series line and tow boat line, were demonstrated during the two day event.
Execute's Sugar Sand line of jet driven boats use the same propulsion techniques as jet fighters. The boats range from the 14 foot Sting model to the 23 foot Oasis model, and are all designed for extreme water sports, speed or just leisure cruising. The boats can be used in shallow waterways and are highly maneuverable, bringing their sports capabilities to the extreme. In addition to the Sting and the Oasis, Execute's Sugar Sand line of boats also includes the Tango Xtreme and the Tango Super Sport (both 16.5 feet), the Mirage and Mirage Fun and Fish (both 18 feet), and the Calais (19.5 feet).
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Sun Cal Energy Inc. (OTCBB: SCEY) (December 17, 2007) an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and Green River Basin of Wyoming is pleased to announce that it has received a preliminary analysis and reserve estimate from Heinz Geophysical Consulting for the South East Jonah Area, Sublette County, Wyoming.
Sun Cal Energy Inc. has a 100% working interest in 6,000 acres of leases in the Jonah Field region of Wyoming - the second largest proven gas reserve in the United States. Sun Cal's Prospects are identified as South Jonah, which consists of 2,477.68 acres and West Jonah, consisting of 3,546.89 acres. Most of the surrounding acreage is currently held by EnCana and Yates Petroleum, with BP and Chevron/Texaco also holding significant positions. In a recent auction of 1,280 acres approximately 5 miles to the Northeast, leases yielded $3,300/ acre.
According to the Petroleum Association of Wyoming, of the 3,243 wells drilled and completed in 2006, 166, or 5.1% found oil, 3,009 or 92.8% found gas, and only 68 or 2.1% were dry holes. Sublette County, the largest natural gas producer in the state, contains Sun Cal's Jonah Prospects.
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Dixie Lee International Industries, Inc. (Pink Sheets: DLII ) (December 17, 2007) parent company of the 40-year-old "Dixie Lee" brand name, with more than 80 franchised restaurants open, announced today that its international expansion campaign is moving into the Ukrainian market.
The company's franchisee, Olgoria Holdings Ltd., the Ukrainian Master Franchisee for the Dixie Lee Chicken & Seafood Restaurant chain, plans to open 20 to 25 units in the next five years. The first of many restaurants planned for the city of Kiev, will open in January 2008, with the second store under development.
Joe Murano, CEO of Dixie Lee International, said, "The situation and timing are ideal to kick-off our European expansion effort. The economic growth that the Ukraine has recorded in recent years has sent personal income, especially within the middle class, skyrocketing. As people earn more disposable income they spend more money going out to eat and socializing with friends and family, so our potential in the market is virtually wide open.
"We plan to open an average of two new Restaurants per week system-wide, as we aim to establish a recognized global brand with our goal of 300 Restaurants awarded within the next few years."
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Far East Energy Corporation (OTCBB: FEEC) (December 17, 2007) announced that a routine Operations Update presentation will be held on December 19, 2007 at 10:00 am central time. Chief Executive Officer Michael R. McElwrath will be joined for this presentation by Garry Ward, Senior Vice President, Engineering and Chief Financial Officer Randall D. Keys. Management will discuss the company's forward drilling plan and technical objectives.
Far East Energy's operations include the Shouyang and Qinnan Blocks, which make up the 1,057,650 acre (4,280 square kilometers) coalbed methane (CBM) project in Shanxi Province that Far East holds under farmouts from ConocoPhillips. Including its 264,863 acre (1,072 square kilometers) project in Yunnan Province, the CBM concessions of Far East Energy contain a land mass slightly larger than the State of Delaware. The Shanxi properties are strategically located next to China's two largest pipelines leading to the industrial centers of Shanghai and Beijing.
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