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redhotpennystock.com: CNWI, VGPM, XDSL, ADVC, SIVC, DPHIQ "Red Hot Penny Stock Alert"
[August 21, 2007]

redhotpennystock.com: CNWI, VGPM, XDSL, ADVC, SIVC, DPHIQ "Red Hot Penny Stock Alert"


(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:21082007

Bull in Advantage, LLC a.k.a. Redhotpennystock.com names Cardiac
Network Inc. (PINKSHEETS: CNWI), VEGA PROMOTIONAL SYSTEMS, INC. (Pink
Sheets: VGPM), mPhase Technologies, Inc. (OTCBB: XDSL), Advanced
Communications Technologies, Inc. (OTCBB: ADVC), S3 Investment Company,
Inc. (PINKSHEETS: SIVC) and Delphi Corp. (Pink Sheets: DPHIQ) its "Red
Hot Penny Stock."

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newsletter!

Cardiac Network Inc. (PINKSHEETS: CNWI -
http://finance.yahoo.com/q?s=CNWI.PK)

August 21st, 2007-- Cardiac Network Inc. (PINKSHEETS: CNWI) would like
to update the investment community on the significance of its August 9,
2007, press release announcing that Cardiac Network Inc. has been
issued a CMS (Medicare) Provider number for its state-of-the-art,
Patient Monitoring Center in San Francisco and its HeartLine Monitoring
Service.

Medicare Billing Could Start Within the Next 30 Days

The Medicare program provides funds to companies such as Cardiac
Network to provide health benefits to Americans. Cardiac Network
provides an approved medical service and in turn bills Medicare for
that service.

The Medicare program provides healthcare coverage for seniors over the
age of 65 and many disabled individuals. Since the program was
implemented in 1966, the number of Medicare beneficiaries has increased
from 19 million to 40 million. By 2030, Medicare is projected to cover
more than 77 million people.

"We cannot stress enough the importance of receiving Medicare approval.
This is confirmation that our services and our service network works,"
stated Zev Helfer, President and CEO of Cardiac Networks Inc.

"By being an approved Medicare provider, doctors across the nation can
have the assurance that their patients will get the proper care that
they deserve. Each year, 1.1 million Americans suffer a heart attack.
We at Cardiac Network are doing our best to help lower that number by
offering a service that is simple and worry-free to the patient,"
continued Mr. Helfer.

Cardiovascular disease and coronary heart disease are widespread,
afflicting over 70 million people. Heart attacks are the single biggest
killer in the United States alone. Each year, about 1.1 million
Americans suffer a heart attack. About 460,000 of those heart attacks
are fatal. Those figures could change dramatically if those people got
to a hospital as fast as possible when a heart attack first happened.

For all Cardiac Network investor relations needs, investors are asked
to visit the Cardiac Network IR Hub at
http://www.agoracom.com/IR/CardiacNetwork where they can post questions
and receive answers within the same day, or simply review questions and
answers posted by other investors. Alternatively, investors are able to
e-mail all questions and correspondence to [email protected] where they
can also request addition to the investor e-mail list to receive all
future press releases and updates in real time.

Learn more about Cardiac Network Inc. by visiting,
www.cardiacnetwork.net

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets: VGPM -
http://finance.yahoo.com/q?s=VGPM)

August 21st, 2007-- VEGA PROMOTIONAL SYSTEMS, INC. (Pink Sheets:
VGPM.PK) today announced it has completed the purchase of source code
used to develop massively scalable on line games.

As previously announced on July 9th, the completion of this transaction
allows VEGA to begin the development of massively multiplayer on line
games. The Company plans to launch its own promotional network using
the source code to develop a "learn to play poker with Bob the Butcher"
series. This product will have Bob the Butcher teaching people all over
the world the art of playing poker.

Bob the Butcher is a well known U.K. professional poker personality.
His presence is often requested at international events, charities,
fund raisers, and on television. Utilizing software licensed from Vega,
Butcher Poker, Ltd has announced the launch of its free rewards-based
online poker site for U.S. players. Butcher has created a completely
free-to-play online poker room. The site features Fixed Limit, No Limit
and Pot Limit Texas Hold'Em, with each player receiving $1,000 in
play-money to start, which can be freely replenished at any time.
Advertisers can place their messages on many areas of the site, such as
on a player's hat, the felt, or brand items on the board such as soft
drinks, and in play signs.

Michael Herron, CEO of Vega stated, "We have extensively researched the
global market and have found that developing countries with emerging
economies have the same or greater propensities for rapid adoption of
online games. They often cannot afford console games like Microsoft
Xbox (MSFT) or Sony PlayStation (SNE) and the high price of game
cartridges, and as a result they migrate to online games that can be
played on personal computers, that are readily accessible through
internet cafes, schools, or at home. As a result we are focusing on
developing games in multiple languages that target this demographic."

Screen Digest has found that the market value for massively multiplayer
online games in the West hit $1 billion for the first time in 2006. The
North American subscription market was worth $576 million, while Europe
was worth $299 million. While subscription services continue to
dominate in the West, accounting for 87% of the market, virtual item
sales and in-game advertising have also made their mark during the
year. The growing impact of these new business models is symptomatic of
the increasing influence of traditional MMOGs on other online platforms
and games sectors, such as social networking sites and casual online
games. Both of these sectors are now broadly adopting many MMOG-like
strategies and characteristics.

By 2011 the MMOG subscription market will be worth over $1.5 billion
and Europe will enjoy the stronger growth between the two Western
regions. Over the five year period, Germany will remain the largest
subscription market in Europe, followed by the UK. France will see the
most significant value growth of over 16% compound annual growth rate
over the term, while Spain and Italy will both experience subscription
value compound annual growth rate of more than 15%. World of Warcraft
is by far the most popular subscription game, accounting for 54% of the
subscription market in 2006, generating revenue of $471 million.

Vega is actively seeking to acquire or build a series of social
communities where it can introduce its games as a form of social
interaction. The cost of the software acquisition was $1.5 million with
$250,000 paid in cash, and the remainder payable in cash or stock at
the discretion of Vega. Vega also announced that it will postpone the
"The All Star Transcontinental Challenge" as announced June 28th, and
looks to reschedule the event.

About Vega Promotional Systems, Inc.:

Vega Promotional Systems, Inc. is a marketing company that is seeking
complimentary business opportunities that will allow it to increase its
shareholder value. The Company's stock trades under the symbol VGPM on
the pink sheets.

mPhase Technologies, Inc. (OTCBB: XDSL -
http://finance.yahoo.com/q?s=XDSL.OB)

August 21st, 2007-- mPhase Technologies, Inc. (OTCBB:XDSL),
(www.mphasetech.com) which in February announced its intention to
create a version of its Smart Nanobattery optimized for use in its
active RFID (Radio Frequency Identification) applications, today
announced the acquisition of a ten percent (10%) interest in Sovereign
Tracking Systems, LLC, (www.sovtechcorp.com). Sovereign is a small,
privately held Brick, NJ-based cutting-edge technology company
specializing in real-time asset management tracking technologies,
supported by inexpensive active radio frequency identification tags
(RFID).

Financial terms of the acquisition will be disclosed in a conference
call to be held on Wednesday, August 29th at 10:00 a.m. Call-in details
will be released later this week.

RFID is a radio transmitter sensor technology used for security and
tracking systems. Active tags are used to keep track of high value
inventory items and capital assets, such as shipping containers,
medical equipment and automobiles. RFID has a distinct utilization for
monitoring high-end medical inventory and for many other uses within a
healthcare facility setting.

Ronald A. Durando, CEO of mPhase Technologies, Inc., said: "We are
thrilled to enter into this acquisition agreement with William A.
Robinson, President and CEO of Sovereign Tracking Systems. Mr. Robinson
is one of the industry's truly brilliant visionaries, having spent over
35 years as a consultant to the U.S. Government and as one of the
founding fathers of the Global Positioning Systems technology."

Mr. Durando added: "mPhase's acquisition of Sovereign Tracking Systems,
LLC from a strategic viewpoint makes sense in so many ways. Sovereign
has a very strong patent position in the category of active, real-time
tracking systems that use RFID tags to secure high-end asset and
personnel tracking and monitoring systems. We see a unique opportunity
here with mPhase's new Smart Nanobattery. We look forward to leveraging
the Sovereign acquisition to solidify our positioning in the
marketplace and to enhance shareholder value."

Commenting on mPhase's investment in his firm, William A. Robinson,
President and CEO of Sovereign Tracking Systems, LLC, said: "We are at
the dawn of a new era in active RFID technology and have gotten to the
point of the managed growth of our organization where it makes sense
for us to obtain capital for growth. All of us at Sovereign Tracking
Systems are extremely pleased to be part of the mPhase/AlwaysReady
organization, which is uniquely qualified to bring exciting new
technologies into the marketplace and into commercial and consumer
venues on a global basis. These are truly exciting times."

mPhase's new Smart Nanobattery architecture promises an energy source
that can be packaged in various configurations, with shelf life lasting
decades, yet still able to be activated almost instantaneously on
demand. This has a distinct relevance with active RFID applications.
Various battery designs based on this technology may deliver a new and
unique component for system design across many fields, including
defense, healthcare, industrial and consumer electronics.

About Sovereign Tracking Systems: Sovereign's
Real-Time-Location-Systems (RTLS) / Real-Time Asset Management
applications have been installed in over 300 facilities worldwide
including such applications as hospitals and healthcare facilities,
manufacturing, prisons, warehousing, and the airline industry, saving
these facilities hundreds of thousands of dollars.

William A. Robinson was one of the founding fathers of the "Global
Positioning Systems" (GPS) technology. Inspired by the limitation of
the GPS technology (it would not track under cover), Mr. Robinson began
to formulate a concept for a reverse GPS, in which small "Satellites"
(readers) could be placed in an indoor environment allowing for
tracking undercover. With this technology conceived and a desire to
turn his dream into reality, in early 1996 Bill Robinson founded
Sovereign Technologies Corporation. As the technology continued to
evolve it caught the interest of the United States military and in June
of 1997, Sovereign Technologies Corporation was awarded the U.S. Army's
Advance Monitoring Display System (AMDS) contract. Sovereign was then
developing software to support the US Army's ground and Ariel sensors
on the battlefield.

In 1997, the tracking technology that Mr. Robinson had pioneered was
presented to the National Aeronautical and Space Administration (NASA).
In October of the same year, a Beta-Site test was deployed at NASA's
Goddard Space Flight Center tracking equipment for the Hubble Space
Telescope Project. With the technology rapidly gaining acceptance in
the market place, Sovereign began to build a strong distributor network
and in 1996 the System was approved and licensed by the Federal
Communications Commission (FCC part 15).

Early in 1999, Sovereign was contracted by the Department Of Veterans
Affairs and invited to participate in a series of presentations in
Washington DC. Considered to be the superior technology of the five
companies competing at the Veterans Affairs Medical Center in Memphis,
Tennessee, Sovereign was awarded the contract. In order to facilitate
an installation of this magnitude, (tracking 4,000 pieces of medical
equipment over 1.3 million square feet, encompassing seven buildings)
Sovereign relocated to a much larger facility and increased its support
staff.

About mPhase Technologies, Inc.: mPhase Technologies Inc. (OTCBB: XDSL)
develops and commercializes next-generation media-rich entertainment
software and nanotechnology solutions, delivering novel systems to the
marketplace that advance functionality and reduce costs. The company
was awarded the Frost & Sullivan Energy Storage Award for the
Nanobattery in 2006 and the Frost & Sullivan Excellence in Technology
Award in 2005, and the Nano 50 Award from NASA Nanotech Briefs. mPhase
Technologies is bringing nanotechnology out of the laboratory and into
the market with a planned innovative long life power cell.
Additionally, the company is working on prototype ultra-sensitive
magnetometers that promise orders of magnitude increases in sensitivity
as compared with available un-cooled sensors. More information is
available at the mPhase Web site at www.mPhaseTech.com

Advanced Communications Technologies, Inc. (OTCBB: ADVC -
http://finance.yahoo.com/q?s=ADVC.OB)

August 21st, 2007-- Advanced Communications Technologies, Inc. (OTC
Bulletin Board: ADVC), a New York-based company that specializes in the
consumer electronic aftermarket service and supply chain, known as
reverse logistics, announced today that it has completed its
acquisition of privately held Vance Baldwin Electronics, an Original
Equipment Manufacturer Parts Distributor that has been a leader in the
industry for over fifty years. Vance Baldwin has operations in southern
Florida and suburban Atlanta and distributes parts ranging from
consumer electronics, computers, printers and office supplies. In
addition, Vance Baldwin provides service aids and industrial products
such as cable, tools, test equipment, cleaners and other installation
equipment. The Company acquired all of the outstanding equity interests
in Vance Baldwin in exchange for consideration consisting of cash, a
convertible promissory note and an equity interest in the Company in
the form of shares of the Company's newly designated Series D
Convertible Preferred Stock. In addition, certain other members of the
Vance Baldwin management group received an equity interest in the
Company in the form of Series D Convertible Preferred Stock.

To finance the acquisition, related transaction costs, repayment of
outstanding debts and to provide additional working capital, the
Company raised $30 million of capital from its sale of Series C
Convertible Preferred Stock to institutional investors, principally to
an affiliate of H.I.G. Capital, LLC, and the issuance of senior and
subordinated debt to a syndicate arranged by Sankaty Advisors, LLC, a
leading private manager of fixed income and credit instruments. In
connection with the recapitalization, the Company issued a total of
8,412 shares of its newly designated Series A-2 Preferred Stock in
exchange for all of its previously outstanding shares of Series A,
Series B and Series A-1 Preferred Stock. The Series A-2 Preferred Stock
will automatically convert to common stock when the Company authorizes
sufficient shares of common stock.

Through Cyber-Test, Inc., its operating subsidiary acquired in May
2004, the Company has until this time participated only in the repair,
refurbishment and advanced exchange segment of the reverse logistics
industry. Cyber-Test, as well as other service providers purchases
replacement parts used in repairing equipment from parts distributors
such as Vance Baldwin. The Company believes that Vance Baldwin will
have the opportunity to source repair work to Cyber-Test that it does
not have the expertise to perform itself. In terms of sales revenue,
the size of the replacement parts market is substantially greater than
the market served by Cyber-Test. Wayne Danson, Advanced Communications'
president and chief executive officer, commented, "We are very excited
about this transaction as it has been a long-time in the making.
Purchasing Vance Baldwin and having a long term partner in H.I.G.
Capital, LLC represents a significant and positive move forward in the
Company's operational and financial transformation. With the
acquisition of the second largest parts distribution enterprise in the
consumer electronics market, the Company will now be expanding beyond
its core repair business and, based on Vance Baldwin's historical
performance, increasing its revenue run rate by almost six fold. We
believe this is a major step forward in executing our strategy to be a
vertically integrated full service provider in the reverse logistics
segment of the consumer electronics industry."

"I have seen the industry change over the past several decades and
believe that this strategic combination is right for both companies"
said Fred Baldwin, chief executive officer of Vance Baldwin. "I am
pleased to be a part of the Advanced Communications group." Robert
Coolidge, Vance Baldwin's President, said "I am looking forward to the
new opportunities that this transaction affords to what has been a
family owned business for over 50 years."

John Black, a Managing Director of H.I.G. Capital, LLC, commented, "We
have extensive experience in the reverse logistics industry. We believe
the consumer electronics industry is eager for a national repair
solution that also has the ability to manage parts logistics on behalf
of retailers, manufacturers and third-party administrators. We commend
Advanced Communications' vision to broaden their traditional model of
repair services to include parts logistics management and look forward
to working with the Company as they build out their national services
network."

For the year ended December 31, 2006, Vance Baldwin recorded sales
revenue of $48.7 million (unaudited).

Janney Montgomery Scott acted as financial advisor and placement agent
for the Company in connection with this transaction.

About Vance Baldwin Electronics

Founded in 1953, Vance Baldwin Electronics distributes original
replacement parts for over 70 different manufacturers and remains to be
one of the largest suppliers of such parts in the nation. Today, the
company distributes parts for products ranging from consumer
electronics, computers and appliances to imaging equipment such as
printers and faxes, as well as industrial items, to a variety of
channels which include national retailers, third-party extended
warranty providers, independent regional retailers and independent
electronic equipment repair companies. Providing global support and
developing new ways to improve customer service, particularly with the
use of technology integration, has helped Vance Baldwin Electronics
distinguish itself from its competition. Vance Baldwin features one of
the largest inventories in the country with more than 6 million parts
in its database.

Vance Baldwin's new distribution facility, located near Atlanta,
Georgia, allows for 2 day delivery to the vast majority of the United
States with UPS Ground Service. It maintains a call center with highly
trained parts consultants to receive customer calls and provide
assistance with parts selection and ordering. For more information
about Vance Baldwin Electronics, visit www.vancebaldwin.com.

About Advanced Communications Technologies

Advanced Communications is a New York-based company specializing in the
technology after-market service and supply chain, known as reverse
logistics. Its principal operating unit, Encompass Group Affiliates,
acquires businesses that provide computer and electronic repair
services, parts distribution and end-of-lifecycle services. Encompass
owns Cyber-Test, an electronic equipment repair company that provides
repair and reverse logistics services to third-party warranty companies
that service OEMs, national retailers and national office equipment
dealers. Cyber-Test's services include advance exchange, depot repair,
call center support, parts and warranty management, repair of fax
machines, printers, scanners, laptops, monitors and multi-function
units, including PDAs and digital cameras. For more information, visit
Cyber-Test's website at http://www.equipfix.com.

About H.I.G. Capital, L.L.C.

H.I.G. Capital L.L.C. is a leading global private equity investment
firm with more than $4 billion of equity capital under management.
Based in Miami, and with offices in Atlanta, Boston, and San Francisco
in the U.S., as well as affiliate offices in London, Paris and Hamburg
in Europe, H.I.G. specializes in providing capital to small and
medium-sized companies with attractive growth potential. H.I.G. invests
in management-led buyouts and recapitalizations of profitable and well
managed manufacturing or service businesses. H.I.G. also has extensive
experience with financial restructurings and operational turnarounds.
Since its founding, H.I.G. has completed more than 75 transactions. The
firm currently manages a portfolio of more than 50 companies with
combined revenues in excess of $7 billion. For more information, please
refer to the H.I.G. website at www.higcapital.com.

S3 Investment Company, Inc. (PINKSHEETS: SIVC -
http://finance.yahoo.com/q?s=SIVC.PK)

August 21st, 2007-- S3 Investment Company, Inc. (PINKSHEETS: SIVC), a
holding company with two subsidiaries doing business in the China
market, today announced the selection of Richardson & Patel, LLP to
provide legal representation for the reverse merger clients of Redwood
Capital, Inc.

Redwood Capital, a wholly owned subsidiary of S3 Investment Company,
assists private Chinese companies in accessing the U.S. capital markets
by utilizing a network of investment banking relationships to achieve
reverse mergers into U.S. public "shell" companies.

The business law firm of Richardson & Patel provides growing public
companies an unrivaled combination of business acumen and legal
expertise. Richardson & Patel's capabilities exceed mere legal
compliance and include a comprehensive understanding of the capital
markets and financial practices that enable clients to maximize their
potential value. The firm's Asian Practice Group, headed by partner
Kevin K. Leung, represents numerous Asian companies including main land
Chinese, Hong Kong and Korean companies that have gone public in the
U.S. or are in the process of going public in the U.S. Headquartered in
Los Angeles, Richardson & Patel has offices in New York City. "We are
pleased to have been selected by Redwood Capital and we look forward to
working with Redwood Capital on their Chinese company clients," stated
Kevin K. Leung, partner and director of Richardson Patel's Asian
Practice Group.

"High quality legal representation will be a major factor ensuring the
successful entry of Redwood Capital clients into the U.S. public
markets, and we are pleased that Redwood Capital has selected
Richardson & Patel as the law firm to represent its current and future
clients," stated S3 chairman and chief executive officer Jim Bickel.
"It is our opinion that no firm is as qualified as Richardson & Patel
to represent Redwood Capital clients, especially given the firm's focus
on Asia and its significant experience with Asian reverse merger
transactions.

"We believe that this is a perfect fit, and we look forward to having
all of Redwood Capital's clients retain Richardson & Patel," Mr. Bickel
added.

To sign up to receive information by email directly from S3 Investment
Company when new press releases, investor newsletters, SEC filings or
other information is disclosed, please visit
http://www.s3investments.com/investors/.

About S3 Investment Company

S3 Investment Company, Inc. (http://www.s3investments.com) is a holding
company with two subsidiaries doing business in the China market. S3
holds a 100% equity interest in Redwood Capital
(http://www.redwoodcapinc.com), which assists private Chinese companies
in accessing U.S. capital markets by utilizing a network of investment
banking relationships, and a 51% equity interest in SINO UJE
(http://www.sinouje.com), a non-stocking distributor of medical and
industrial high-tech products to markets throughout China. SINO UJE has
been granted exclusive distribution rights in China to medical and
industrial products manufactured by leading companies in Europe, North
America and Japan. These products are marketed to end-users, including
major Chinese hospitals and private companies in a variety of fields,
as well as original equipment manufacturers (OEMs), such as Phillips,
Siemens and GE, that package the products with their technologies.

Delphi Corp. (Pink Sheets: DPHIQ -
http://finance.yahoo.com/q?s=DPHIQ.PK)

August 17th, 2007-- Delphi Corp. (Pink Sheets: DPHIQ) has signed a
Memorandum of Understanding with the United Steelworkers and General
Motors representing certain U.S. hourly employees at the company's
Dayton (Home Avenue) and Vandalia, Ohio operations. The tentative
agreements advance Delphi's transformation initiatives and are subject
to union ratification and approval by the U.S. Bankruptcy Court.

"Although this series of negotiations has been lengthy and complex, we
are pleased to have now attained consensual labor agreements with all
of our U.S. unions and General Motors on issues impacting our
operations and transformation initiatives," said John Sheehan, chief
restructuring officer. "We remain committed to working with our labor
unions, GM and all of our other Chapter 11 stakeholders to successfully
emerge later this year."

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