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InvestSource, Inc.: Beacon Solutions Enters Into Letter of Intent to Acquire PC Universe(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:10102008 Stocks in the News: Beacon Enterprise Solutions Group, Inc. (OTC BB:BEAC.OB), Red Reef Laboratories International, Inc. (Other OTC:RRLB.PK), Echostar Corp. (NasdaqGS: SATS), J Digital Lightwave , Inc. (OTCBB:DIGL) October 9, 2008 -- Beacon Enterprise Solutions Group, Inc. (OTC BB:BEAC.OB) today announced that it has entered into a Letter of Intent to acquire the business of PC Universe, Inc. subject to the negotiation and execution of Definitive Agreements. PC Universe is a direct and online value-added reseller of information technology (IT) products and services. PC Universe's web customers have access to over 250,000 product SKUs and services from over 700 manufacturers and provides professional technical services, such as networking design and installation. Since 1995, PC Universe has served the information technology needs of businesses of all sizes including federal, state and local government entities as well as educational institutions, both public and private. Per the company's annual report for the year ended December 31, 2007, PC Universe generated approximately $34 million in revenue and a net loss of approximately $1.2 million. ''The opportunity to integrate the business of PC Universe into Beacon Solutions represents potential fixed cost savings and significant growth opportunities for both organizations,'' commented Bruce Widener, CEO of Beacon Solutions. ''Upon completion, the transaction will add a significant procurement division with a thirteen year operating history and a large commercial customer base to the Beacon portfolio,'' added Rick Mills, President of Beacon Solutions. ''We intend to complete the integration quickly and expect to capitalize on the resulting cross-selling and revenue growth potential in 2009.'' ''We look forward to continuing our long tradition of providing quality IT products and extraordinary service as part of Beacon Solutions,'' said Tom Livia, Co-CEO of PC Universe. October 8, 2008 -- Red Reef Laboratories International, Inc. (Other OTC:RRLB.PK), a diversified scientific research, development, and marketing group, and MyoTrend Nutritional Technologies, LLC (MNT), a wholly owned subsidiary, announce that MyoTrend has entered into an exclusive distribution agreement with Europe's leader in Sports Nutrition, NutriWorld Group B.V. (NutriWorld) (www.nutriworld.nl). NutriWorld is an importer and master distributor based in the Netherlands. Rotterdam is known as the "Gateway to Europe" and products approved here can be freely distributed throughout the rest of the continent. With active distribution outlets in 36 countries NutriWorld is dominant in Western and Eastern Europe and has vast experience in obtaining customs approval for products, sometimes in as little as 4 to 6 weeks. NutriWorld has invited MNT to participate as one of only ten vendors under the NutriWorld banner in the upcoming 2009 FIBO show. FIBO is Europe's leading International Trade Show for Fitness, Wellness and Health. In all, over 480 companies will be exhibiting and well over fifty thousand visitors are expected to attend. In 2008, there were 47,300 attendees at the show and the average spent per attendee was over 200,000 Euros. Paul Burton, President and CEO of MNT, said, "I am excited and appreciative of the level of cooperation and hospitality we have received at NutriWorld and we intend to work tirelessly to meet the goals and expectations we have discussed and that we expect of ourselves. We fully appreciate the opportunity afforded us and the potential for growth it represents." Paul attributes his ability to maintain his hectic schedule to his faithful regimen of MyoTrend brand nutritional supplements. October 9, 2008 -- EchoStar Corporation (SATS) announced today the appointment of Joseph P. Clayton to the company's board of directors effective Oct. 7. This appointment increases the size of EchoStar's board from seven to eight members. Clayton was appointed to EchoStar's board following the recommendation of the company's Nominating Committee and will serve on the Audit, Nominating and Compensation Committees of the Board. Clayton served as chairman of Sirius Satellite Radio Inc. from November 2004 through July 2008 and served as chief executive officer of Sirius from November 2001 through November 2004. Prior to joining Sirius, Clayton served as president of Global Crossing North America, as president and chief executive officer of Frontier Corporation and as executive vice president for Marketing and Sales for the Americas and Asia of Thomson S.A. "We welcome Joe to our board," said Charles Ergen, CEO and chairman of EchoStar. "He brings a great deal of executive-level experience in the satellite industry and we look forward to working with him as we grow our business." October 9, 2008 -- J Digital Lightwave , Inc. (OTCBB:DIGL), a leading provider of optical networking test equipment and technology, today announced that a NIC Platform product with 40/43G testing utilizing DuoBinary line coding was demonstrated at the ECOC (European Conference and Exhibition on Optical Communication) trade show in Brussels. The NIC Platform offers the industry's most innovative solution to high-speed network testing. The compact NIC 40G chassis is the industry's smallest and lightest 40/43G test instrument (at 13.5lbs/6.1kg). In the larger NIC Plus chassis, 40/43G testing is available along with other modules for a complete testing solution. In just one portable or rackmount chassis, the NIC Plus can support testing from 1.5Mbps to 43Gbps with drop/insert capability plus Ethernet 10/100/1000BaseT, GigE and 10GigE with a choice of line codings (NRZ, DuoBinary, DPSK, DQPSK), an optional C-Band or L-Band tunable laser and an Optical Spectrum Analyzer (OSA) module. Other configurations include dual 40/43G test systems in a single unit which can be equipped with different line codings for simultaneous line-side and client-side testing. The Digital Lightwave booth at ECOC Brussels also featured the first public demonstration of the Multi-Services Analyzer (MSA) 2020 module, with SONET/SDH/OTN testing from 51Mbps to 10.7Gbps plus 10/100/1000BaseT (dual ports), GigE (dual ports) and 10GigE LAN/WAN interfaces. The MSA 2020 supports license-based Test Options including Generic Framing Procedure (GFP), 10GigE WAN, 10GigE over OTN and ODU-1 to ODU-2 multiplexing with additional capabilities available soon. Market Wrap for October 9, 2008 Stocks finished the session near their lows Thursday, despite beginning the trading day with healthy gains. A late-session sell-off took the Dow to its lowest level in more than five years and a long-time Dow component to its worst point since 1950. Trading was upbeat early on when tech bellwether IBM (IBM 89.00, -1.55) preannounced a third quarter earnings surprise, central banks in the Far East cut interest rates, and investors assessed comments from the Treasury that indicated it may inject capital directly into banks. Dow component IBM gave investors some temporary reassurance that the tech sector hasn't turned over. IBM said that third quarter earnings would total $2.05 per share, which is more than analysts were expecting. On the downside, the company did fall short of the consensus revenue forecast, but stated it remains confident it will hit its full-year earnings forecast of $8.75 per share. Tech posted a gain for much of the session, but finished 3.4% lower. Central banks in South Korea, Hong Kong and Taiwan all moved to cut target interest rates, according to Financial Times. The move came just one day after the Federal Reserve and several other major central banks slashed interest rates in a coordinated effort to mitigate economic risks. Investors reacted to a speech made yesterday by Treasury Secretary Paulson that the recently approved $700 billion emergency financial rescue plan would permit direct capital infusions into banks. Reuters reported injections could start as soon as the end of the month. ABOUT INVESTSOURCE, INC.: WIN an 8 day 7 nights Caribbean Getaway, GO TO: www.investsourceinc.com. Coming in late Summer of this year: Go Baby GO!!! The first book of its kind on the OTCBB and Pink Sheet Markets www.gobabygobook.com . To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. 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