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Hot Stock to Watch: PGNE '�¬â�� October 21, 2009
(M2 PressWIRE Via Acquire Media NewsEdge) Weston, FLA -- Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corp. (OTC: PGNE), NeoMedia Technologies, Inc. (OTCBB: NEOM), eDoorways Corp. (OTC: EDWY) and GreenShift Corporation (OTCBB: GERS).
Yesterday after the markets closed, PrimeGen Energy Corporation (OTC: PGNE) announced the initial production for the Kochmesskoye # 6 well at Timan-Pechora, Russia. The well commenced commercial oil production on October 04, 2009, and the Company has received production results for the first 16 days. Total oil produced and sold was 22,100 barrels with an average daily production rate of 1,380 barrels per day.
The press release states that using current pricing for Timan-Pechora crude oil, PrimeGen has confirmed that the new well alone has generated $1.5 million in revenue or a projected $34.4 million per year. Currently, oil at Timan-Pechora has been priced at over $70.00 per barrel.
"The Kochmesskoye # 6 well is the sixth of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. The fourth well of the project was drilled and completed on August 24, 2009, and resulted in setting a new production record for the field of 1,670 barrels of oil per day. In addition, Wells No. 1,2,3,4 and 5 are producing at full capacity.
The stock closed yesterday at Eight cents a share.
For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_102009.
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NeoMedia Technologies, Inc. (OTCBB: NEOM) up 70.5% on 210.4 million shares traded. On Oct 20, 2009 NeoMedia Technologies, Inc. and Scanbuy, Inc., leaders in mobile barcode technology, recently announced they have settled all pending litigation between the companies and have granted non-exclusive patent licenses to each other.
NeoMedia and Scanbuy have agreed to terminate all pending litigation brought by NeoMedia against Scanbuy in 2004, and by Scanbuy and Marshall Feature Recognition, LLC ("MFR") against NeoMedia in 2008.
In addition, NeoMedia has granted Scanbuy a royalty bearing, non-exclusive license to a portion of its patent portfolio in the U.S. In turn, Scanbuy has granted NeoMedia a fully paid, irrevocable, non-exclusive license of Scanbuy patents and a fully paid, non-exclusive sublicense to all of the patents licensed by MFR to Scanbuy within the U.S.
This agreement will enable consumer brands, advertising agencies and mobile operators to confidently engage with either company to implement mobile barcode solutions in the U.S. The technology has enormous potential to become a viable and widely adopted communication channel. "The agreement between NeoMedia and Scanbuy removes the final roadblock to rapid commercialization of mobile barcodes in the US," commented Iain McCready, Chief Executive Officer of NeoMedia. "We are literally dropping the green flag for brands, retailers and mobile operators to join the race towards mobile barcodes becoming a fixture in every consumer's daily routine."
"We are pleased that Scanbuy has reached a fair agreement with NeoMedia, and look forward to working with our partners to build a vibrant business in the United States," said Jonathan Bulkeley, Chief Executive Officer of Scanbuy. "Both companies have invested a great deal in our intellectual property and we will continue to bring these solutions to leading marketers, wireless operators, and handset manufacturers around the world."
This release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
About NeoMedia Technologies:
NeoMedia Technologies, Inc. is a global leader in mobile barcode scanning solutions. Our technology allows mobile devices with cameras to read 1D and 2D barcodes and provide "one click" access to mobile content. Combining this technology with advanced analytics and reporting capabilities revolutionizes the way advertisers market to mobile consumers.
eDoorways Corporation (OTC: EDWY) up 30.3% on 5.6 million shares traded.
On Oct 20, 2009 eDoorways Corporation recently announced the company is scheduled to present at ISTEC's (Ibero-American Science and Technology Education Center) 17th annual General Assembly, held the week of October 26 - 30, 2009, on the Campus of the University of New Mexico (UNM) in Albuquerque, NM -- USA. The theme for this year's General Assembly is, "Using Technology to enable Collaboration, and Collaboration to Advance Science and Technology." Gary Kimmons, Chairman & CEO of eDoorways Corporation, said, "This is one of those rare opportunities. Where a growing company like eDoorways has the chance to get on the 'big stage' in front of groups like Sun Microsystems, Hewlett Packard, National Instruments, Institute of Electrical and Electronics Engineers, Charles Darwin Research Station and the World Bank, all members of ISTEC, mainly because we've been recognized for the possibilities we bring to society through our innovative platform, doorways and learning solutions."
ISTEC's board of directors extends this invitation at the behest of its founder Dr. Ramiro Jordan. ISTEC, founded in 1990 as a spinoff of UNM, has become one of the largest non-profit consortia in the Americas dedicated to improving the quality of life through education throughout Latin America, Spain and Portugal. Harnessing the strength of its 20,000 faculty and staff members, ISTEC is able to deliver curricula on science, technology, engineering, math, R&D and entrepreneurship to 120 universities and 18 million online users throughout Latin America and other parts of the world.
"This year's theme for the General Assembly, 'Using Technology to Enable Collaboration and Collaboration to Advance Science and Technology' speaks directly to eDoorways' business," states Kimmons. "We are utilizing the web to foster collaboration between people. Whether it is matching a buyer and seller or creating educational opportunities through 'LEARN,' the foundation of eDoorways is the collaboration of people to achieve common goals with mutually rewarding outcomes in 'real-time.'"
Dr. Ramiro Jordan said, "ISTEC is dedicated to the improvement of international collaborations in science and technology and the development of human capital, the cornerstone of which is education. We see eDoorways as a powerful way to utilize the Internet in pursuit of our objectives. eDoorways has a platform that uses social networking in two areas of great interest to ISTEC. The first use is for social entrepreneurs, those people who are going to lead social progress in the region. The second is for commercial entrepreneurs, those who are going to start and grow the businesses of the 21st century that will create the jobs and other opportunities needed."
GreenShift Corporation (OTCBB: GERS) up 16.6% on 609.6 million shares traded.
On Oct 20, 2009 GreenShift Corporation recently announced that the U.S. Patent and Trademark Office issued notice that pending patent number 11/688,435 will be issued as U.S. Patent No. 7,608,729, titled "Method of Freeing the Bound Oil Present in Whole Stillage and Thin Stillage" (the '729 Patent) on October 27, 2009 to GS CleanTech Corporation, a wholly-owned subsidiary of GreenShift. GreenShift previously announced the October 13, 2009 award by the U.S. Patent and Trademark Office to GS CleanTech of U.S. Patent No. 7,601,858, titled "Method of Processing Ethanol Byproducts and Related Subsystems" (the '858 Patent).
"The '858 Patent covers the core of our extraction platform," said David Winsness, GreenShift's chief technology officer and co-inventor of GreenShift's extraction technologies. "The '729 Patent builds off of the '858 Patent to enhance yield and optimize energy utilization. The issuance of both patents further validate the significant resources and years of hard work that we have invested in the development of our extraction platform. We are energized by these events and we look forward to using our technological capabilities to address the environmental and financial needs of our clients."
GreenShift's patented and patent-pending corn oil extraction technologies enable GreenShift and its licensees to "drill" into the back-end of first generation corn ethanol plants to tap into a new reserve of inedible crude corn oil with an estimated industry-wide output of about 20 million barrels per year. This corn oil is a valuable second generation feedstock for use in the production of biodiesel and renewable diesel -- advanced carbon-neutral liquid fuels, thereby enhancing total fuel production from corn and increasing ethanol plant profits.
Historically, ethanol production facilities have sold the distillers grain co-product of corn ethanol production ("DDGS") for animal feed, with all of the oil trapped inside. An estimated 3.4 million tons of corn oil passed unrecovered through the U.S. ethanol industry during 2008 alone.
GreenShift Corporation develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift's revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process.
Market Commentary: The Labor Department said Tuesday that the Producer Price index fell 0.6 percent last month. Wall Street economists expected a flat reading. The drop comes after a steep rise in August.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for PrimeGen Energy Corporation (OTC: PGNE), WSCF has been compensated Five Million shares (One Million shares for current services and Four Million shares for previous services), by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Nine Hundred Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
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