http://www.thepennystockblog.com/bulletinboard/ The news that may interest you in penny stock investing. Not for hot penny stock picks! en Sun, 08 Jan 2012 17:16:48 GMT vBulletin 60 http://www.thepennystockblog.com/bulletinboard/images/misc/rss.png http://www.thepennystockblog.com/bulletinboard/ http://www.thepennystockblog.com/bulletinboard/showthread.php?11318-TBIO-3million-in-financing&goto=newpost Fri, 06 Jan 2012 19:09:03 GMT January 06, 2012 10:13 AM Eastern Time Transgenomic Announces $3 Million Convertible Note Financing OMAHA, Neb.--(BUSINESS WIRE)--Transgenomic, Inc. (OTCBB: TBIO) today announced that it has entered into a Convertible Promissory Note Purchase Agreement (the �Purchase Agreement�) in the aggregate amount of $3.0 million with entities (the �Investors�) associated with Third Security, LLC, a leading life sciences investment firm. �We are very pleased with the additional investment by Third Security affiliates as it increases our working capital and allows us to continue our expansion plan� �We are very pleased with the additional investment by Third Security affiliates as it increases our working capital and allows us to continue our expansion plan,� said Craig Tuttle, President and Chief Executive Officer of the Company. Neither the Notes nor the equity securities into which the Notes are convertible have been registered under the Securities Act of 1933, as amended (the �Act�) and applicable state securities laws, but have been offered and sold in the United States pursuant to applicable exemptions from registration requirements under the Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. There shall not be any sale of these securities in any jurisdiction in which such offering would be unlawful. About Transgenomic Transgenomic, Inc. (www.transgenomic.com) is a global biotechnology company advancing personalized medicine in cancer and inherited diseases through its proprietary molecular technologies and world-class clinical and research services. The Company has three complementary business divisions: Transgenomic Pharmacogenomic Services is a contract research laboratory that specializes in supporting all phases of pre-clinical and clinical trials for oncology drugs in development. Transgenomic Clinical Laboratories specializes in molecular diagnostics for cardiology, neurology, mitochondrial disorders, and oncology. Transgenomic Diagnostic Tools produces equipment, reagents, and other consumables that empower clinical and research applications in molecular testing and cytogenetics. Transgenomic believes there is significant opportunity for continued growth across all three businesses by leveraging their synergistic capabilities, technologies, and expertise. The Company actively develops and acquires new technology and other intellectual property that strengthen its leadership in personalized medicine. January 06, 2012 10:13 AM Eastern Time
Transgenomic Announces $3 Million Convertible Note Financing

OMAHA, Neb.--(BUSINESS WIRE)--Transgenomic, Inc. (OTCBB: TBIO) today announced that it has entered into a Convertible Promissory Note Purchase Agreement (the �Purchase Agreement�) in the aggregate amount of $3.0 million with entities (the �Investors�) associated with Third Security, LLC, a leading life sciences investment firm.

�We are very pleased with the additional investment by Third Security affiliates as it increases our working capital and allows us to continue our expansion plan�

�We are very pleased with the additional investment by Third Security affiliates as it increases our working capital and allows us to continue our expansion plan,� said Craig Tuttle, President and Chief Executive Officer of the Company.

Neither the Notes nor the equity securities into which the Notes are convertible have been registered under the Securities Act of 1933, as amended (the �Act�) and applicable state securities laws, but have been offered and sold in the United States pursuant to applicable exemptions from registration requirements under the Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. There shall not be any sale of these securities in any jurisdiction in which such offering would be unlawful.

About Transgenomic

Transgenomic, Inc. (www.transgenomic.com) is a global biotechnology company advancing personalized medicine in cancer and inherited diseases through its proprietary molecular technologies and world-class clinical and research services. The Company has three complementary business divisions: Transgenomic Pharmacogenomic Services is a contract research laboratory that specializes in supporting all phases of pre-clinical and clinical trials for oncology drugs in development. Transgenomic Clinical Laboratories specializes in molecular diagnostics for cardiology, neurology, mitochondrial disorders, and oncology. Transgenomic Diagnostic Tools produces equipment, reagents, and other consumables that empower clinical and research applications in molecular testing and cytogenetics. Transgenomic believes there is significant opportunity for continued growth across all three businesses by leveraging their synergistic capabilities, technologies, and expertise. The Company actively develops and acquires new technology and other intellectual property that strengthen its leadership in personalized medicine. ]]> Penny Stock News Plays dogpound http://www.thepennystockblog.com/bulletinboard/showthread.php?11318-TBIO-3million-in-financing http://www.thepennystockblog.com/bulletinboard/showthread.php?11317-DROP-with-Amazon&goto=newpost Fri, 06 Jan 2012 18:14:51 GMT Internet Retail Giant Amazon Now Carries EnerJel�

AVENTURA, Fla., Jan. 6, 2012

AVENTURA, Fla., Jan. 6, 2012 /PRNewswire/ -- Fuse Science Inc. (OTCQB: DROP) (www.fusescience.com), announced today that its new EnerJel� product is now available for sale on Amazon.com. The online retailer has over 60 million active customers worldwide and represents the first in a series of expanded distribution channels planned by the company.

(Logo: http://photos.prnewswire.com/prnh/20110615/CL20255LOGO )

Fuse Science launched its first product EnerJel� in a series of 4 on December 30, 2011 online at www.poweredbyfuse.com. The overwhelming interest in Fuse Science and the product launch forced the company to increase server capacity ahead of schedule in order to handle spikes in traffic. These actions were completed in real time without issue and positions the company's accelerated growth. Inherent in this strategy is the continued advancement of its global distribution strategy that began online and will move to targeted global retail locations in 2012.

Such demand was created as Fuse Science has made significant inroads within the athletic community and was able to secure endorsers to include Tiger Woods, David "Big Papi" Ortiz, and Arian Foster. FUSE Science made major headway this week as Tim Grover (trainer to the NBA elite) endorsed EnerJel� and said, "I am partnering with Fuse Science and sharing this technology with some of the best athletes in the world to help them improve their nutrition and natural performance." ]]> Penny Stock News Plays flipper http://www.thepennystockblog.com/bulletinboard/showthread.php?11317-DROP-with-Amazon http://www.thepennystockblog.com/bulletinboard/showthread.php?11316-CANSF-.02-news&goto=newpost Fri, 06 Jan 2012 16:02:56 GMT this is a new stock to me, digging around right now to see what I can find (no pun intended)

Canasia to Acquire Aluminous Clay / Rare Earth Prospect in Gaspe Bay Region of Quebec
Jan 6, 2012 8:30:00 AM


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2012) - Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINKSHEETS:CANSF)(FRANKFURT:45C) is please to announce that it has entered into an option agreement to acquire approximately 5,500 contiguous acres prospective for Aluminous Clay and Rare Earths in the Gaspe Bay Region of Quebec, near Murdochville.

Negar Adam, President of Canasia stated, "Management is pleased to be able to enter into an option agreement in such a highly sought after mining region in Quebec. This property borders Orbite Aluminae Inc.'s Grande-Vallee aluminous clay deposit. A work program is anticipated to commence in the coming months to test for aluminous clay and rare earths over the extent of the prospect. This now provides Canasia with two major areas of focus in the coming months, with the other being the Clone Gold Prospect where the 2011 bulk sample returned significant values of 102 tons consisting of 4.0 oz/ton gold or 137.1 g/t gold. The board is excited about what may transpire in 2012, as we plan to have multiple work programs that we intend to develop aggressively."

Terms of the new agreement are $20,000 and five million shares upon closing, as well as five million shares within 13 months of closing. Work commitments are: $100,000 in the first 18 months, $250,000 within the first 30 months and $500,000 within 42 months. The agreement is with an arms length vendor and subject to TSX Venture Exchange approval.

On October 25th, 2011, the Company announced that it has been informed by the operator that assays have been received for the 102 one-ton lots comprising the 2011 bulk sample from the Clone property, situated 12 miles southeast of Stewart, British Columbia. The average for the 102 tons was 4.0 oz/ton gold or 137.1 g/t gold. This year's bulk sample contains 408 ounces of gold, which when added to the 68 ounces collected in the 2010 bulk sample (34 tons at 68.65 g/t gold), amounts to 476 ounces in total. Previously, there were drill results on the Clone that returned drill intercepts of 44.75 g/t over 12.8 meters (October 22, 2009). The Company anticipates generating revenue from the gold sales in 2012 collected from the bulk sample.

Canasia also announced (October 7, 2011) that it has increased its rare earth acreage in the vicinity of the Eldor Discovery in Quebec, which brought Canasia's total to 7,198 contiguous acres prospective for rare earth. ]]> Penny Stock News Plays pennymaster http://www.thepennystockblog.com/bulletinboard/showthread.php?11316-CANSF-.02-news http://www.thepennystockblog.com/bulletinboard/showthread.php?11315-ESPI-nice-fracking-news&goto=newpost Fri, 06 Jan 2012 15:16:41 GMT ESP Resources Deploys 6th Chemical Delivery Fracking Unit; Revenue From Units on Track to Exceed Management's Estimates

ESP Resources, Inc. (OTCBB:ESPI) (the "Company" or "ESP Resources"), an oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies, today announced the deployment of its 6th chemical delivery fracking (a.k.a. hydraulic fracturing) unit and provided an update on continued revenue growth from its chemical delivery units.
The Company's chemical delivery fracking units are deployed to natural gas wells from its Guy, Arkansas district office. The 6th chemical delivery fracking unit was deployed on December 30, 2011 and is set for completion work in Oklahoma.

Each unit pumps chemicals to treat the fluids used in the completion of oil and gas wells from "shale" formations. Each unit consists of a trailer mounted pumping system with associated power generation components, a chemical supply trailer, safety and spill prevention equipment, communication devices, and computerized reporting equipment. It is anticipated that current units will be used in the completion of wells in the Fayetteville Shale in Northern Arkansas. ESP Resources' Guy, Arkansas office is located in the middle of the shale formation trend where it is able to easily and economically supply the chemical units to any of the 21 counties where drilling activity is currently ongoing.

Moreover, the Company is currently supplying specialty chemicals and services to two of the largest independent oil and gas operators for the use of these units on a continuous basis. The Company's specialized chemical formulation provides for a longer term bacteria-contamination elimination time frame than what is currently supplied by its competitors. The longer term time frame provides the Company's customers significant cost savings in the removal and/or treatment of contaminants from the oil and gas well-stream once the well has been placed into production. Potential savings via increased productivity can be substantial for the Company's customers.

Revenue from the Company's fracking units business started in June of 2011 and is already expected to exceed management's original September 2011 estimates of $9.0 million over the next year. Fracking unit revenue is in addition to the Company's existing petrochemical production business.

David Dugas, Chief Executive Officer of ESP Resources, commented, "With the deployment of our sixth unit, we have not only boosted our fracking revenues and increased our twelve month forecast, but we have also increased our ability to capitalize on new business from some of our major oil & gas customers. We are pleased that this business segment is seeing healthy growth and expect this trend to continue. Given the amount of well completion work available now and that is anticipated going forward, we believe that we can maintain a continuous stream of deployment of these units on a long-term basis."

About ESP Resources, Inc.:

ESP Resources, Inc. is a publicly-traded (OTCBB:ESPI) oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company distributes its product line throughout the oil and gas producing regions of Louisiana, Texas, Mississippi, Alabama, Arkansas and Oklahoma. The Company also distributes internationally though oil and gas service companies in other prolific oil and gas well regions throughout the world. The Company's senior management has over 100 years of combined operating experience in the petrochemical industry. Any reference herein to "ESP Resources", the "Company", "we", "our" or "us" is intended to mean ESP Resources, Inc., including the wholly-owned subsidiary indicated above, unless otherwise indicated ]]> Penny Stock News Plays snaggletooth http://www.thepennystockblog.com/bulletinboard/showthread.php?11315-ESPI-nice-fracking-news http://www.thepennystockblog.com/bulletinboard/showthread.php?11314-NSRS-gold-acquisition&goto=newpost Fri, 06 Jan 2012 14:46:44 GMT North Springs Resources Reaches Agreement to Acquire Two Gold Properties in Guyana
Jan 6, 2012 9:00:00 AM


LAS VEGAS, NEVADA -- (MARKET WIRE) -- 01/06/12 -- North Springs Resources Corp. (OTCBB: NSRS)(PINKSHEETS: NSRS) (the "Company" or "North Springs") is pleased to announce it has reached an agreement in principle to acquire a 100% interest in two prospecting licences in the prolific gold producing region known as the Kabouri Gold Mining Area in the country of Guyana, South America. The Company is currently completing its final project due diligence and negotiating the definitive terms of the potential acquisition. A definitive agreement is expected to be reached and executed within 48 hours.

The "Kabouri Project Area Licence R-20" and "Kabouri Project Area Licence R-21" cover a combined area of over 25,000 acres of prime greenstone belt located about 160 km south-south west of Georgetown, Guyana. The properties share similar geological and geochemical characteristics with several well-known gold producing mines in the immediate area at Omai, Kabouri, Eldorado, and Hicks. Although the R-20 and R-21 licences have no documented history of gold production, they show evidence of artisanal mining from alluvial, colluvial, and bedrock sources. Extensive regional geochemical surveys and stream sediment surveys conducted by the Guyana Geology and Mines Commission ("GGMC") showed moderately to strongly anomalous gold concentrations within both properties that warrant immediate follow-up. The entire R-20 and R-21 prospecting licence area has been subject to regional geological and geochemical studies by the GGMC and is also covered by compiled aeromagnetic data.

"This is a fantastic opportunity for North Springs to acquire two very large properties right in the middle of one of the most important gold producing regions in the world. The location of the properties, their geologic setting, and their history of artisanal mining all combine to give this project huge potential upside with relatively low early stage risk," stated Harry Lappa, President of North Springs Resources. "The widespread artisanal mining in the area is a very an important exploration factor for us to consider. The Omai Mine, to the southeast was worked for many years by artisanal miners before being re-discovered as large scale commercial mine with over 4 million ounces of gold produced. We intend to find out if the artisanal workings on the R-20 and R-21 are also just the tip of a much larger deposit lurking underneath."

The Kabouri Gold Mining Area is part of a well-defined 1,000 mile long band of gold producing greenstone geology from Venezuela and French Guyana. The area is often compared to similar gold producing areas in West Africa. Numerous world-class gold mines have operated in the region with an estimated total combined gold resource of over 110 Moz., including Las Christinas (17 Moz. - Venezuela), El Callo (18 Moz.-Venezuela), Toroparu (10 Moz. - Guyana), Aurora (6.5 Moz. - Guyana), Omai (4 Moz. - Guyana), Gros Rosebel (13.7 Moz. - Suriname), Nassau (9 Moz. - Suriname), and Paul Isnard (3.9 Moz. - French Guyana).

The proposed transaction remains subject to, among other things, North Springs and the vendors entering into a definitive agreement and completion of satisfactory due diligence by both parties. There can be no assurance that the transaction will be completed as proposed or at all. If and when a definitive agreement is memorialized, additional details regarding this transaction will be forthcoming.

About North Springs Resources Corp.

North Springs Resources Corp. is focused on the evaluation, acquisition, exploration, and development of mineral resource properties. Currently, we are in the evaluation and acquisition phase of operations. The Company is led by a skilled and experienced management team and independent consulting geologists with many years of experience. North Springs is committed to creating value for its shareholders by advancing its current holdings and by acquiring new properties with significant potential. ]]> Penny Stock News Plays killerB http://www.thepennystockblog.com/bulletinboard/showthread.php?11314-NSRS-gold-acquisition http://www.thepennystockblog.com/bulletinboard/showthread.php?11313-ESPI-.10-exceeding-revenue-expectations&goto=newpost Fri, 06 Jan 2012 14:11:41 GMT ESP Resources Deploys 6th Chemical Delivery Fracking Unit; Revenue From Units on Track to Exceed Management's Estimates
Jan 6, 2012 9:00:00 AM
2012 GlobeNewswire, Inc.


SCOTT, La., Jan. 6, 2012 (GLOBE NEWSWIRE) -- ESP Resources, Inc. (OTCBB:ESPI) (the "Company" or "ESP Resources"), an oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies, today announced the deployment of its 6th chemical delivery fracking (a.k.a. hydraulic fracturing) unit and provided an update on continued revenue growth from its chemical delivery units.

The Company's chemical delivery fracking units are deployed to natural gas wells from its Guy, Arkansas district office. The 6th chemical delivery fracking unit was deployed on December 30, 2011 and is set for completion work in Oklahoma.

Each unit pumps chemicals to treat the fluids used in the completion of oil and gas wells from "shale" formations. Each unit consists of a trailer mounted pumping system with associated power generation components, a chemical supply trailer, safety and spill prevention equipment, communication devices, and computerized reporting equipment. It is anticipated that current units will be used in the completion of wells in the Fayetteville Shale in Northern Arkansas. ESP Resources' Guy, Arkansas office is located in the middle of the shale formation trend where it is able to easily and economically supply the chemical units to any of the 21 counties where drilling activity is currently ongoing.

Moreover, the Company is currently supplying specialty chemicals and services to two of the largest independent oil and gas operators for the use of these units on a continuous basis. The Company's specialized chemical formulation provides for a longer term bacteria-contamination elimination time frame than what is currently supplied by its competitors. The longer term time frame provides the Company's customers significant cost savings in the removal and/or treatment of contaminants from the oil and gas well-stream once the well has been placed into production. Potential savings via increased productivity can be substantial for the Company's customers.

Revenue from the Company's fracking units business started in June of 2011 and is already expected to exceed management's original September 2011 estimates of $9.0 million over the next year. Fracking unit revenue is in addition to the Company's existing petrochemical production business.

David Dugas, Chief Executive Officer of ESP Resources, commented, "With the deployment of our sixth unit, we have not only boosted our fracking revenues and increased our twelve month forecast, but we have also increased our ability to capitalize on new business from some of our major oil & gas customers. We are pleased that this business segment is seeing healthy growth and expect this trend to continue. Given the amount of well completion work available now and that is anticipated going forward, we believe that we can maintain a continuous stream of deployment of these units on a long-term basis."

About ESP Resources, Inc.:

ESP Resources, Inc. is a publicly-traded (OTCBB:ESPI) oil and gas services company offering analytical services and essential custom-blended oil and gas well chemicals which improve production yields and overall efficiencies. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company distributes its product line throughout the oil and gas producing regions of Louisiana, Texas, Mississippi, Alabama, Arkansas and Oklahoma. The Company also distributes internationally though oil and gas service companies in other prolific oil and gas well regions throughout the world. The Company's senior management has over 100 years of combined operating experience in the petrochemical industry. Any reference herein to "ESP Resources", the "Company", "we", "our" or "us" is intended to mean ESP Resources, Inc., including the wholly-owned subsidiary indicated above, unless otherwise indicated. More information is available on the Company's Website at www.espchem.com. ]]> Penny Stock News Plays stockdog http://www.thepennystockblog.com/bulletinboard/showthread.php?11313-ESPI-.10-exceeding-revenue-expectations http://www.thepennystockblog.com/bulletinboard/showthread.php?11312-FTTN-acquisition-AH-news&goto=newpost Fri, 06 Jan 2012 12:44:13 GMT January 05, 2012 06:40 PM Eastern Time
FTTN Closes in on Interest Acquisition

BRADENTON, Fla.--(BUSINESS WIRE)--First Titan Corp. (OTCBB:FTTN) announced today that the company is wrapping up its due diligence and plans to finalize its agreement to purchase a significant interest in Intrepid Drilling�s latest project in Louisiana.

�After meeting with Intrepid Drilling on Thursday, we�re ready to move forward�

�After meeting with Intrepid Drilling on Thursday, we�re ready to move forward,� said FTTN CEO Robert Federowicz. �Intrepid Drilling is an experienced E&P company with the personnel, resources and expertise that we need to achieve our production goals in Southern U.S.�

First Titan is working to develop new energy solutions to compete in a booming global industry alongside Chesapeake Energy Corp. (NYSE:CHK), Anadarko Petroleum Corp. (NYSE:APC), SandRidge Energy Inc. (NYSE:SD) and Apache Corp. (NYSE:APA). ]]> Penny Stock News Plays Buy Penny Stocks http://www.thepennystockblog.com/bulletinboard/showthread.php?11312-FTTN-acquisition-AH-news http://www.thepennystockblog.com/bulletinboard/showthread.php?11311-BBDA-buys-out-redwood-debenture&goto=newpost Thu, 05 Jan 2012 17:49:11 GMT BeBevCo Buys Out Redwood Management Convertible Debenture
Jan 5, 2012 9:58:00 AM


STATESVILLE, N.C., Jan. 5, 2012 /PRNewswire/ -- Bebida Beverage Company (OTCmarkets: BBDA) (BeBevCo) a developer, manufacturer and marketer of relaxation and energy drinks announced today that it has reached an agreement with Redwood Management LLC to retire convertible debt that had been purchased by Redwood from Y A Global (Yorkville Advisors). This transaction is the final chapter in eliminating the old convertible note.

This debt had plagued Bebida Beverage Co. since the company changed CEO's in 2009. Over six years old, the debt was re-negotiated by CEO Brian Weber in 2009 from $408,000 to $250,000 and is now reduced to zero. This is the second pre-2009 Convertible Debenture that BebevCo's current CEO and team has eliminated during 2011.

"This is a quantum moment for our Company. We have weathered this storm of dilution to pay off old debts with a lump sum cash payment," said Brian Weber, CEO of BeBevCo.

"Our stock will no longer be at the mercy of the issuance and sales of millions of shares by debt holders. This is a clear message to shareholders that any new share issuances for capitalization benefit the Company and go toward our Brands and growth of the Company only.

"2012 will be a huge year for us and our shareholders. Between all the deals we have completed in North and Central America and now with the expansion to Europe we are on the cusp of a huge growth spurt that will continue into the foreseeable future," Weber went on to say.

About BeBevCo

BeBevCo (Bebida Beverage Company) develops, manufactures and markets beverages including relaxation drinks Koma Unwind "Chillaxation" Drink�, "Koma Unwind Sugar-free Chillaxation" Drink� and Koma Unwind "Chillaxation" Shot� as well as Potencia Energy Drink, Potencia "BLAST" energy shot and Piranha Water.

IR Contact: Wall Street Branding

(704) 660-0226 ex 5 ]]> Penny Stock News Plays flipper http://www.thepennystockblog.com/bulletinboard/showthread.php?11311-BBDA-buys-out-redwood-debenture http://www.thepennystockblog.com/bulletinboard/showthread.php?11310-OPXS-revenues-released&goto=newpost Thu, 05 Jan 2012 15:42:54 GMT RICHARDSON, Texas, Jan. 5, 2012 (GLOBE NEWSWIRE) -- Optex Systems Holdings, Inc. (OTCBB:OPXS.OB - News), a leading manufacturer of optical sighting systems and assemblies primarily for Department of Defense applications, today announced operating results for its fiscal year ended October 2, 2011.
Revenues for the year ending October 2, 2011 were $16.2 million as compared to revenues for the year ending October 3, 2010 of $22.9 million, representing a decrease of $6.7 million or 29%. The reduction in revenues was primarily attributable to decreased spending by the U.S government. During the year ending October 2, 2011, net income was $0.6 million compared to a net loss of $10 million for the year ended October 3, 2010. The net income in 2011 as compared to the net loss in 2010 is primarily due to the non-recurring $8 million charge in 2010 for impairment of goodwill and intangible assets and the resulting lower intangible asset amortization expense of $0.3 million in 2011. The other predominant cause of the positive change from a net loss in 2010 to net income in 2011 was the higher gross margin on revenue primarily attributable to changes in product mix and improved production efficiencies.
Our EBITDA increased by $0.84 million for the year ending October 2, 2011 as compared to the year ending October 3, 2010, despite the significant decrease in revenues. The increase in EBITDA was primarily the result of a shift in product mix to more profitable product lines combined with the completion of the Howitzer loss programs during the year. In addition, reductions in force and plant reorganization efforts, completed during the second half of 2010, had a positive economic impact on the cost structure for all product lines. We expect this trend to continue into fiscal year 2012 as there are no remaining loss contracts in our backlog and our streamlined infrastructure costs should continue to allow us to be profitable at reduced production volumes.
Danny Schoening, COO of the Company, commented, "During the year ending October 2, 2011, we completed our loss Howitzer contracts. This caused a reduction in revenues, but an increase in gross margin. We expect to continue to experience reductions in the Government's military spending and have therefore continued to focus our business development efforts on international sales. This approach recently generated a $7.8 million award, which was previously announced on November 7, 2011, and we will continue to seek out attractive international opportunities. We also intend to promote the use of newer technologies in our existing platforms in order to provide our customers and the warfighter with leading products at the best value."
CONFERENCE CALL INFORMATION
On Tuesday, January 10, 2012 at 4:15 PM EST, the Company will host a conference call to discuss its fiscal year 2011 results. Analysts and investors interested in participating in the Conference Call should call (877) 407-0778 (domestic) or (201) 689-8565 (international), to access the call.
For those who are unavailable to listen to the live broadcast, a recording of the conference call will be available 48 hours after the call on our website. Click on the Investor Relations link to access the replay.
ABOUT OPTEX SYSTEMS
Optex, which was founded in 1987, is a Richardson, Texas-based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, Light Armored and Armored Security Vehicles, and have been selected for installation on the Stryker family of vehicles. Optex also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex delivers its products both directly to the military services and to prime contractors. For additional information, please visit the Company's website at www.optexsys.com.
Safe Harbor Statement
This press release and other written reports and oral statements made from time to time by the Company may contain so-called "forward-looking statements," all of which are subject to risks and uncertainties. You can identify these forward-looking statements by their use of words such as "expects," "plans," "will," "estimates," "forecasts," "projects" and other words of similar meaning. You can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address the Company's growth strategy, financial results and product and development programs. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially.
The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties. ]]> Penny Stock News Plays dogpound http://www.thepennystockblog.com/bulletinboard/showthread.php?11310-OPXS-revenues-released http://www.thepennystockblog.com/bulletinboard/showthread.php?11309-EXTO-.007-news&goto=newpost Thu, 05 Jan 2012 15:05:20 GMT Bayport Corporation Obtains OTC Pink Current Information Status
Jan 5, 2012 9:50:00 AM


SANTA MONICA, CA -- (MARKET WIRE) -- 01/05/12 -- Exit Only, Inc. (PINKSHEETS: EXTO) and its recently acquired Bayport Corporation today announced that it had filed its Initial Information Disclosure Statement and financials with OTC Markets and have obtained OTC Pink Current Information Status. From the company's previous registration with FINRA, the company can now move forward to complete the submission of its package for a new name and ticker symbol. The company will also be applying for a new CUSIP number.

The company also announced the retirement of Louis Porter as the Chief Executive Officer (CEO) of Bayport Corporation effective December 31, 2011. Louis Porter will act as an Independent Consultant. The position will remain vacant until a new CEO is named.

About Bayport Corporation

Bayport Corporation is a company formed to exploit the various precious minerals in the U.S. to acquaint the public with practical investment opportunities in strategic metals and minerals. Bayport Corporation is primarily focused on precious metals, rare earth, and oil and gas ventures. Bayport Corporation is developing mining and oil and gas properties with economic potential with the aim of bringing such properties to commercial production. The company's portfolio of properties is primarily located in the prolific western USA in Utah and Texas. ]]> Penny Stock News Plays snaggletooth http://www.thepennystockblog.com/bulletinboard/showthread.php?11309-EXTO-.007-news http://www.thepennystockblog.com/bulletinboard/showthread.php?11308-VPER-new-bulb-news&goto=newpost Thu, 05 Jan 2012 14:24:25 GMT Viper Networks Now Selling LED-O� Replacement Product For All 40W Incandescent Standard Bulbs Today : Thursday 5 January 2012 Viper Networks, Inc. (Pink Sheets: VPER), in conjunction with LEDs America, Inc., is pleased to announce the market introduction of the incandescent 4Watt replacement lamp, the energy saving and environmentally friendly alternative to traditional light bulbs and light tubes. 4W LED and other bulbs from LEDs America provide a superior ratio of lumens per watt, significantly reducing the users� energy costs while containing no harmful gases. �The incandescent 4W A15 replacement LED lamp from LEDs America is a new product designed to give all consumers a cost-effective, highly efficient alternative to traditional light bulbs,� says Joel Westermarck, LEDs America CEO. The superior ratio of lumens per watt reduces total cost of energy by 90 percent compared to a standard 40W bulb. With an average life use of 50,000 hours, LED bulbs need far less replacing than traditional incandescents and CFLs. The 4W LED lamp is just the newest product in a series of LED lights from LEDs America, to provide consumers a lighting option superior to incandescent and fluorescent sources. All LED-O� products from LEDs America fit current bases and fixtures for incandescent and compact fluorescent lamps (CFLs), which eliminates the need for costly fixture replacement. In addition, old lamps are easily exchanged and can be installed by anyone. LED-O� lamps are also easily disposable since they contain no harmful gases. Further, the Environmental Protection Agency (EPA) mandates that when a fluorescent tube or CFL breaks, the building area affected and its air conditioning (A/C) ducts must be cleaned. With no filament or tube to break and no mercury or halogen gases, LEDs America�s LED lamps eliminate any environmental clean up costs or concerns. Viper Networks active sells LEDs America�s lighting products, which are marketed under the registered brand name LED-O�. Viper Networks Now Selling LED-O� Replacement Product For All 40W Incandescent Standard Bulbs


Today : Thursday 5 January 2012


Viper Networks, Inc. (Pink Sheets: VPER), in conjunction with LEDs America, Inc., is pleased to announce the market introduction of the incandescent 4Watt replacement lamp, the energy saving and environmentally friendly alternative to traditional light bulbs and light tubes. 4W LED and other bulbs from LEDs America provide a superior ratio of lumens per watt, significantly reducing the users� energy costs while containing no harmful gases.

�The incandescent 4W A15 replacement LED lamp from LEDs America is a new product designed to give all consumers a cost-effective, highly efficient alternative to traditional light bulbs,� says Joel Westermarck, LEDs America CEO.

The superior ratio of lumens per watt reduces total cost of energy by 90 percent compared to a standard 40W bulb. With an average life use of 50,000 hours, LED bulbs need far less replacing than traditional incandescents and CFLs.

The 4W LED lamp is just the newest product in a series of LED lights from LEDs America, to provide consumers a lighting option superior to incandescent and fluorescent sources.

All LED-O� products from LEDs America fit current bases and fixtures for incandescent and compact fluorescent lamps (CFLs), which eliminates the need for costly fixture replacement. In addition, old lamps are easily exchanged and can be installed by anyone. LED-O� lamps are also easily disposable since they contain no harmful gases.

Further, the Environmental Protection Agency (EPA) mandates that when a fluorescent tube or CFL breaks, the building area affected and its air conditioning (A/C) ducts must be cleaned.

With no filament or tube to break and no mercury or halogen gases, LEDs America�s LED lamps eliminate any environmental clean up costs or concerns.

Viper Networks active sells LEDs America�s lighting products, which are marketed under the registered brand name LED-O�. ]]> Penny Stock News Plays stockdog http://www.thepennystockblog.com/bulletinboard/showthread.php?11308-VPER-new-bulb-news http://www.thepennystockblog.com/bulletinboard/showthread.php?11307-EMLL.0003-Asia-mineral-news&goto=newpost Thu, 05 Jan 2012 14:01:52 GMT El Maniel International, Inc to Explore Mineral Resources in Kyrgyzstan, Central Asia
Thursday 5 January 2012


El Maniel International Inc (Pink Sheets:EMLL) announced today that the Company has entered into preliminary discussions with several parties in Bishkek, the capital of Kyrgyzstan to explore mineral resources opportunities with possibilities of setting up representative companies and offices there in the immediate future. "We were thrilled to learn from preliminary discussions that Kyrgyzstan is mineral rich with significant world class gold deposits and this meets our predominant interest and objectives in pursuing new horizons for our gold business domain" according to Jamie Khoo, CEO of El Maniel International, Inc. "We also believe that this initiative will open doors to promising gold resources in the Central Asian Region"

Kyrgyzstan, which is officially known as the Kyrgyz Republic is located in the heart of Central Asia and the mountainous country about the size of the State of Washington is land-locked and bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the southwest and China to the east. Its capital and largest city located in the north of the country is Bishkek. The largest gold mine in country known as the Kumtor mine is also one of the largest world class gold mine in Central Asia and is operated by Centerra Gold, a TSX listed public company.

"We remain aggressive in our endeavors to enhance the top-line growth of the Company and we believe that this can be achieved through new acquisitions or joint ventures in world class gold mining properties so as to increase our bottom line and to take the Company to greater heights" added Jamie Khoo. Stay tuned to www.elmaniel.com for more updates. ]]> Penny Stock News Plays pennymaster http://www.thepennystockblog.com/bulletinboard/showthread.php?11307-EMLL.0003-Asia-mineral-news http://www.thepennystockblog.com/bulletinboard/showthread.php?11306-SOPW-solar-64-mill-financing&goto=newpost Thu, 05 Jan 2012 12:28:15 GMT January 05, 2012 06:00 AM Eastern Time SPI Solar Secures $64 Million in Project Financing Initial tranche includes $44 million from China Development Bank to fund construction of large-scale projects in New Jersey ROSEVILLE, Calif.--(BUSINESS WIRE)--SPI Solar (�SPI�) (OTCBB:SOPW) a leading vertically integrated photovoltaic (�PV�) solar developer, today announced that it has secured construction finance facilities totaling $44 million from China Development Bank (�CDB�) to fund construction of solar energy facility (�SEF�) projects it is working on jointly with KDC Solar in New Jersey. Separately, LDK Solar (�LDK�) secured financing facilities of $20 million for two projects it is developing through Engineering, Construction and Procurement contracts with SPI in California. The LDK finance facilities will be used to fund construction costs of the California SEFs. �Our successful relationship with CDB is a direct result of our close working relationship with LDK� In June 2011, the Company and LDK, a significant shareholder in SPI, announced that they had agreed to provide construction financing and facilitate long-term financing, supported by LDK, of up to $750 million for SEF projects as part of their Preferred Provider Agreement with KDC Solar. LDK�s relationship with the CDB has enabled SPI to significantly enhance its SEF project financing capabilities resulting in this initial tranche of construction finance funds. Additionally, as SPI continues to add to its pipeline of large-scale solar projects, the company is queuing up more projects domestically and internationally with CDB for proposed additional financing arrangements. �Our successful relationship with CDB is a direct result of our close working relationship with LDK,� said Steve Kircher, CEO for SPI Solar. �As we continue to develop our pipeline of projects globally, our partnership with CDB grows stronger.� The foregoing summary of the terms and conditions of the construction finance facilities does not purport to be complete and is qualified in its entirety by reference to the full text of the facility agreements filed with the Company�s reports filed with the Securities and Exchange Commission. January 05, 2012 06:00 AM Eastern Time
SPI Solar Secures $64 Million in Project Financing

Initial tranche includes $44 million from China Development Bank to fund construction of large-scale projects in New Jersey

ROSEVILLE, Calif.--(BUSINESS WIRE)--SPI Solar (�SPI�) (OTCBB:SOPW) a leading vertically integrated photovoltaic (�PV�) solar developer, today announced that it has secured construction finance facilities totaling $44 million from China Development Bank (�CDB�) to fund construction of solar energy facility (�SEF�) projects it is working on jointly with KDC Solar in New Jersey. Separately, LDK Solar (�LDK�) secured financing facilities of $20 million for two projects it is developing through Engineering, Construction and Procurement contracts with SPI in California. The LDK finance facilities will be used to fund construction costs of the California SEFs.

�Our successful relationship with CDB is a direct result of our close working relationship with LDK�

In June 2011, the Company and LDK, a significant shareholder in SPI, announced that they had agreed to provide construction financing and facilitate long-term financing, supported by LDK, of up to $750 million for SEF projects as part of their Preferred Provider Agreement with KDC Solar. LDK�s relationship with the CDB has enabled SPI to significantly enhance its SEF project financing capabilities resulting in this initial tranche of construction finance funds. Additionally, as SPI continues to add to its pipeline of large-scale solar projects, the company is queuing up more projects domestically and internationally with CDB for proposed additional financing arrangements.

�Our successful relationship with CDB is a direct result of our close working relationship with LDK,� said Steve Kircher, CEO for SPI Solar. �As we continue to develop our pipeline of projects globally, our partnership with CDB grows stronger.�

The foregoing summary of the terms and conditions of the construction finance facilities does not purport to be complete and is qualified in its entirety by reference to the full text of the facility agreements filed with the Company�s reports filed with the Securities and Exchange Commission. ]]> Penny Stock News Plays Buy Penny Stocks http://www.thepennystockblog.com/bulletinboard/showthread.php?11306-SOPW-solar-64-mill-financing http://www.thepennystockblog.com/bulletinboard/showthread.php?11300-SDGR-gold-with-12mm-financing&goto=newpost Wed, 04 Jan 2012 17:50:49 GMT January 04, 2012 10:23 AM Eastern Time Standard Gold Enters into Agreement in Principle for $12MM Financing MINNEAPOLIS--(BUSINESS WIRE)--Standard Gold, Inc. (OTCBB:SDGR) has executed an agreement in principle with Pure Path Capital Management Company LLC (Pure Path), whereby Pure Path would invest up to $12 million in funding, which is subject to execution of definitive documents, due diligence and customary closing conditions. In December 2011, Pure Path also purchased the remaining $2 million mortgage on the Tonopah property in order to prevent the original mortgage holder from foreclosing on Tonopah. The investment by Pure Path would be used, among other things, to satisfy existing liabilities, purchase equipment and operating capital associated with the Amargosa facility, purchase equipment and build out a third facility to serve as a state of the art analytical lab and hydrometallurgical recovery plant in Nevada, conduct National Instrument 43-101 studies at various properties and general working capital. Sharon L. Ullman, Interim CEO stated, �We are very excited about what this financing opportunity represents for Standard Gold. We expect this financing can be negotiated on terms satisfactory to both parties, enabling us to execute our business plan. We are pleased in the confidence that Pure Path has shown in our team, our plans and the opportunities we have.� January 04, 2012 10:23 AM Eastern Time
Standard Gold Enters into Agreement in Principle for $12MM Financing

MINNEAPOLIS--(BUSINESS WIRE)--Standard Gold, Inc. (OTCBB:SDGR) has executed an agreement in principle with Pure Path Capital Management Company LLC (Pure Path), whereby Pure Path would invest up to $12 million in funding, which is subject to execution of definitive documents, due diligence and customary closing conditions. In December 2011, Pure Path also purchased the remaining $2 million mortgage on the Tonopah property in order to prevent the original mortgage holder from foreclosing on Tonopah.

The investment by Pure Path would be used, among other things, to satisfy existing liabilities, purchase equipment and operating capital associated with the Amargosa facility, purchase equipment and build out a third facility to serve as a state of the art analytical lab and hydrometallurgical recovery plant in Nevada, conduct National Instrument 43-101 studies at various properties and general working capital.

Sharon L. Ullman, Interim CEO stated, �We are very excited about what this financing opportunity represents for Standard Gold. We expect this financing can be negotiated on terms satisfactory to both parties, enabling us to execute our business plan. We are pleased in the confidence that Pure Path has shown in our team, our plans and the opportunities we have.� ]]> Penny Stock News Plays pennymaster http://www.thepennystockblog.com/bulletinboard/showthread.php?11300-SDGR-gold-with-12mm-financing http://www.thepennystockblog.com/bulletinboard/showthread.php?11299-JUHL-wind-power-stimulus-money&goto=newpost Wed, 04 Jan 2012 16:39:57 GMT WOODSTOCK, Minn. , Jan. 4, 2012 /PRNewswire/ -- Juhl Wind Inc.
(OTCBB: JUHL.OB - News), the Leader in Community Wind Power, today
announced the receipt of approximately $1,413,000 in U.S. Stimulus
Grant funds for its recently completed $4.8 million Winona County
Wind Project in Winona County , MN. The grant was issued by the
U.S. Treasury Department in accordance with the American Recovery
and Reinvestment Act of 2009. The proceeds of the grant primarily
went toward payment of construction costs for the project, now
owned by the company's Juhl Renewable Assets Inc. subsidiary.
The Winona County Wind project was completed and put into
commercial operation in the fourth quarter 2011. It is one of six
wind farm projects that Juhl Wind has completed in the past 24
months, together these properties represent over $150 million in
project development. It is one of the first sites in North America
to utilize two Unison, direct-drive wind turbine generators - a
leading technology based on an advanced, gearless system. The
project was developed and constructed by Juhl Energy Development
Inc., the wholly-owned, development subsidiary of Juhl Wind Inc.,
with initial project participation by the Winona County Economic
Development Authority.

"We are very proud to once again have another one of our projects
successfully participate in the U.S. Stimulus Grant program,"
stated Dan Juhl , Chairman and CEO of Juhl Wind, Inc. "The U.S.
Stimulus program has provided very important support for the
continuing growth of our Community Wind projects throughout the
Midwestern United States. Community-owned wind farms not only
deliver a totally clean and low-cost energy resource, but also help
truly secure our U.S. energy future by keeping the ownership of
this resource in the hands of American farmers and landowners. To
us at Juhl Wind, this seems like the right place for our tax
dollars to be put to work. As a result of this program, we have
been able to get our community wind projects financed in the face
of a very difficult recession, creating tangible short and
long-term economic development in the heart of rural America.
Accordingly, we are pleased to have created construction jobs and
permanent work while at the same time helping to secure our energy
future." ]]> Penny Stock News Plays snaggletooth http://www.thepennystockblog.com/bulletinboard/showthread.php?11299-JUHL-wind-power-stimulus-money