Universal Energy Corporation (OTCBB: UVSE)
Universal Energy Corporation (OTCBB: UVSE) – Friday’s shares went up 5.26% to $1.00. 66,050 shares were traded. Universal Energy announced October 12th that drilling is scheduled to being on W. Rosedale and East OMG next week. The company has recently completed successful drilling programs at Amberjack and Caviar #1 and is preparing both of those operations for production. “Our drilling program is coming along quite nicely,” commented Billy Raley, CEO of Universal Energy Corp. Raley continued, “Acquire, drill and produce. It’s a simple model, and it’s working well.”
Universal Energy Corporation is an independent diversified energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. The company pursues oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Their prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Universal invests in prolific areas within the United States and Canada by acquiring low risk in-field oil and gas rights that offset existing production. The Louisiana prospects the company is currently drilling this summer, include properties that contain proven but undeveloped reserves analyzed by 3-D Seismic surveys and other research techniques to help lower drilling risks.
Advanced Medical Isotope Corporation (OTC: ADMD)
Advanced Medical Isotope Corporation (OTC: ADMD) – Friday’s shares stayed even at $0.83. The volume was 2,500. Advanced Medical Isotope Corporation, pursuant to the Memorandum of Understanding signed in March, 2007, has finalized a sole-source contract with Kadlec Medical Center of Richland, Washington, for the supply of short-lived radioisotopes primarily used in Positron Emission Tomography(PET) as well as for other medical isotopes utilized for diagnostic imaging and for therapeutic applications.
Advanced Medical Isotope Corporation is engaged in the development of advanced production systems and processes for bringing previously unavailable medical isotopes to the marketplace and advancing systems for local product production. The field of nuclear medicine has routinely utilized radioisotopes in the diagnosis of disease while new processes are being pioneered for the targeted treatment of diseases such as cancer in preference to surgical techniques. Advanced Medical Isotopes Corporation products support the accessibility to these less invasive therapeutic processes by advancing systems for lower cost production and improving supply availability of medical isotopes to hospitals and clinical treatment centers.
Etelcharge.com (OTCBB: ETLC)
Etelcharge.com (OTCBB: ETLC) – Friday’s shares decreased 18% to $0.082. 453,274 was the volume. Etelcharge.com announced October 11th that Robyn Priest has been appointed Chief Financial Officer. Priest was formerly a Vice President and Assistant Treasurer of CompUSA. “I am excited about the direction and the opportunity as Etelcharge is transformed into a full-fledged service and marketing organization,” Priest stated. “I look forward to fulfilling my role on the management team as we take the Company to the next level and fulfill all consumer, vendor and regulatory requirements. Along with that, I believe my role in solidifying strategic alliances, joint ventures and vendor agreements from a financial standpoint will assist in our anticipated growth,” she concluded.
Etelcharge.com, the first Web 2.0 online payment system, provides online shoppers the ability to charge approved transactions to their telephone bill. While addressing the concerns online shoppers have about identity fraud and identity theft, the Etelcharge payment option is also a perfect match for the millions of individuals without a credit card, or even a bank account.
RxElite Holdings (OTCBB: SOUT)
RxElite Holdings, Inc. (OTCBB: SOUT) – Friday’s shares went up 0.92% to $1.10. 7,700 shares were traded. RxElite Holdings announced on October 12th the filing of their Registration Statement with the Security and Exchange Commission for sale of shares from their recent round of financing. “We are pleased to report that we are meeting our stipulated obligations with our investors promptly,” commented Jonathan Houssian, the President and Founder of RxElite. “This is evidence of our growth as a public company and of the results oriented culture we have nurtured over the last 7 years.”
RxElite Holdings, Inc., a wholly owned operating subsidiary of Southridge Technology Group, Inc., develops, manufactures, and markets generic prescription drug products in the specialty generic markets. These markets include products in the areas of anesthesia, sterile liquid dose drugs (including respiratory inhalation drugs, ophthalmics, and injectable drugs), and transdermal patch products.
Southridge Enterprises Inc. (OTCBB: SORD)
Southridge Enterprises Inc. (OTCBB: SORD) – Friday’s shares closed down 5% to $0.19. The volume was 37,251. Southridge Enterprises announced September 18th that it secured a financing for $3.3 Million with a private investment firm. This financing capital will enhance Southridge’s progression in its development of what will be the largest bio-refinery complex in the state of Mississippi. Executing a new processing model, when completed the Quitman county plant will be able to produce up to 60 million gallons of ethanol per year. Southridge anticipates breaking ground on the plant by the end of 2007 and begin production in 2008.
Southridge Enterprises is a development stage renewable energy company. Through its subsidiary, Southridge Ethanol, Inc. is engaged in the production and sale of ethanol. The Company’s strategy is to develop a bio-refinery and become the low cost ethanol producer of choice in the Southeast area of the United States. Southridges’ production plant is strategically located at Sledge, Mississippi, which offers an abundant supply of corn and a superior transport infrastructure. The Company intends to employ the latest cellulosic ethanol manufacturing technology to produce ethanol, thereby increasing the energy efficiency of its fuel-grade ethanol. SORD intends to accelerate its start-up plans by re-structuring and renovating an existing industrial unit into a state-of-art ethanol producing unit, saving considerable time and capital.
PSM Holdings, Inc. (OTC: PSMH)
PSM Holdings, Inc. (OTC: PSMH) – Friday’s shares stayed even at $2.30. 7,270 was the volume. PrimeSource Mortgage continues to open branches Nationwide. PSMI proudly announced on October 12th the opening of an independently owned and operated PrimeSource Mortgage (PSM) Branch in Carlsbad, New Mexico, at 102 W Hagerman. Tammy Bowen, already well-established in the community, is the owner and operator of this new PSM branch. Bowen believes there are many advantages to being a part of the PSM family. “Because PSMI has a stable of 80 qualified lenders, I do not have to worry about trying to locate and find lenders with special programs or better pricing,” said Bowen. “I like the backing of a larger company with programs to put me above the competition, such as the NWBO platforms and PUSHMX. I appreciate that PSMI is also licensed outside of New Mexico which expands my own outreach.”
PSM Holdings conducts its business operations through its wholly owned subsidiary, PrimeSource Mortgage, Inc. which began its mortgage brokerage operation in 1991. Today there are more than two dozen individually owned and operated offices nationwide.
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