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Hot Stock to Watch: PrimeGen Energy '�¬â�� November 20, 2009
(M2 PressWIRE Via Acquire Media NewsEdge) Weston, FLA - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (OTC: PGNE), Montavo, Inc. (OTCBB: MTVO), Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) and Sunovia Energy Technologies, Inc. (OTCBB: SUNV).
After just announcing this week that a 7th oil well was just brought on line and has generated $2.0 million in revenue or a projected $36.8 million per year, PGNE has just announced it successfully commenced drilling the "Rod 10-21" well in Rodnikovskogo, Russia, and is estimated to reach a target depth by Wednesday, November 25th.
The property is located in the Krasnoarmeiskome District, Saratovskoi Oblast in Russia, one of the most significant oil and gas regions in the country with advanced infrastructure and more than 60 years of oil and gas production history. Saratov lies in the European part of Russia and borders Kazakhstan, the largest oil producing country in Central Asia. The property covers an expansive area of approximately 250 sq. km.
Continuing 3D seismic data collection and analysis of the property is scheduled for 2010 and will be running concurrently with the drilling program. Several additional high potential drill targets have already been identified and will be further defined and evaluated for feasibility during the next phase of work on the property. The license is within a highly prospective region with existing oil production on adjacent licenses and the super-giant THK-BP gas field.
This week, PrimeGen reported the initial production for the Kochmesskoye # 7 well at Timan-Pechora, Russia. The well commenced commercial oil production on October 26, 2009, and the Company has received production results for the first 20 days. Total oil produced and sold was 28,840 barrels with an average daily production rate of 1,442 barrels per day.
Monday's press release stated that using current pricing for Timan-Pechora crude oil, PrimeGen has confirmed that the new well alone has generated $2.0 million in revenue or a projected $36.8 million per year. Currently, oil at Timan-Pechora has been priced at over $70.00 per barrel.
The stock closed yesterday at around Nine cents a share.
For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_111909.
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Montavo, Inc. (OTCBB: MTVO) up 80% on 1.8 million shares traded.
On Nov 19, 2009 Montavo, Inc. recently announced that the Company has prioritized engineering development efforts for mDealFinder(TM), the company's flagship mobile application, as well as the Montavo Mobile Advertising Platform (mMAP) for the Apple iPhone and Apple iPod Touch so the platform will be supported with the release of Rev. 3.0 planned for Q1 2010. With over 100 million iPhone and iPod Touch downloaded applications each month via the App Store, the Apple platform has clearly set the standard for mobile applications.
Montavo recently announced an initiative to upgrade the overall user interface (UI) and user experience (UX) of both the mDealFinder(TM) application as well as mMAP suite of online tools for advertisers. These enhancements will also be incorporated into the iPhone and iPod Touch mDealFinder(TM) application which are focused on providing seamless, intuitive user interactions.
"We're very excited about our recent focus and prioritization of the development for the iPhone and iPod Touch mDealFinder(TM) application," said Brook Lang, CEO of Montavo. "With the rapidly growing footprint of both devices, we're looking forward to providing consumers with an innovative, intuitive, free application that will help them save significant dollars on everything from groceries to dress shoes to flat screen TVs in real-world store locations. Our ability to deliver mobile coupons, product information & launches, discounts, and savings opportunities to consumers by marrying their location with retailers that are offering the best deals on products or services they are looking to buy is unparalleled."
About Montavo, Inc.: Montavo, Inc.'s mMAP is a mobile marketing platform that integrates client side mobile device software with a mobile advertising network solution and ad distribution ecosystem. Montavo offers its solution to consumer focused advertisers (manufacturers and retailers from national brands to SMBs), wireless carriers, mobile handset manufacturers and mobile OS providers, personal navigation device (PND) manufacturers, automotive manufacturers, and other tier-one suppliers as either a white-labeled mobile application or as the Montavo branded mDealFinder(TM).
Integrated Environmental Technologies, Ltd. (OTCBB: IEVM) up 20% on 707,000 shares traded. On Nov 18, 2009 Integrated Environmental Technologies, Ltd. recently announced that Benchmark Performance Group, Inc., its exclusive worldwide distributor serving the oil and gas industry, has completed the expansion of its Excelyte(R) manufacturing plant at its Midland, Texas facility. This expansion has significantly increased capacity over its original plant capabilities. Benchmark markets IEVM's EcaFlo(R) Anolyte under the registered trade name, Excelyte(R). EcaFlo(R) Anolyte received its EPA product registration on August 18, 2008 and is the only environmentally responsible biocide of its kind. Excelyte(R) has seen a significant increase in market demand; therefore, a number of other Excelyte(R) expansions are planned for Benchmark's seven (7) other manufacturing facilities throughout the United States.
Wayne Kinsey, President and CEO of Benchmark, stated, "Recently, we've seen a significant, growing demand for Excelyte(R). While this growth started for us in the oil and gas industry, we've seen a number of new applications for Excelyte(R) that include the hospital and medical industries, professional sports, schools and universities, and grocery store chains." Excelyte(R) has been proven effective against scores of bacterial and viral pathogens, i.e. H1N1 ("swine flu"), methicillin-resistant staphylococcus aureus ("MRSA"), E. coli and Salmonella.
IEVM's President and CEO, Bill Prince, commented, "As a valued industry partner, Benchmark has invested a great deal of time, energy, money and other resources in developing markets for Excelyte(R). We look forward to continuing to work together with Benchmark well into the future as we move Excelyte(R) forward in all markets and application areas."
IEVM / IET: Integrated Environmental Technologies, Ltd. operates through its wholly-owned subsidiary, IET, Inc., and is a publicly-traded company (OTCBB: "IEVM") located in Little River, South Carolina. IET's mission is to be the leading provider of sustainable, innovative technologies that improve the health and safety of the environment. For investor relations information about Integrated Environmental Technologies, Ltd., please visit www.ietltd.net. To learn more about I.E.T., Inc.'s EcaFlo(R) products, please visit our website at www.ietecaflo.com.
BENCHMARK: Benchmark Performance Group, Inc. (BEP) is the largest stockholder in IEVM and is a privately-held corporation that is a leading manufacturer and supplier of specialty chemicals, compounds and additives developed for industrial and oilfield applications, including, but not limited to, patented technology such as Excelyte(R) as well as proprietary cross-linkers, polymers, polymer slurries and other fluid additives used in oil and gas well cementing, stimulation and production fluids. For more information about BEP, please visit www.benchmark-research.com. For more information about Excelyte(R), please visit www.excelyte.com.
Sunovia Energy Technologies, Inc. (OTCBB: SUNV) up 13.1% on 876,000 shares traded. On Nov 18, 2009 Sunovia Energy Technologies, Inc. recently announced it has won the bid to provide LED street lighting for Sarasota County's highly visible main thoroughfare, Fruitville Road. On November 13th, the county provided a Bid Award notice letter to all bid participants stating that Sunovia provided the "lowest price responsive bid," meaning Sunovia bid the lowest price while meeting or exceeding all requirements of the proposal. Seven other companies, three of them with ties to Sarasota, participated in the bidding process.
The project calls for Sunovia to provide 148 EvoLucia(TM)-brand 120W LED cobra head-style street lights. Because the LED lights are extremely energy-efficient and require no maintenance for 12 years, the lights will save Sarasota County approximately $14,000 per year in energy and maintenance costs. Further, the LED lights will reduce carbon emissions by approximately 710,730 pounds over 10 years.
The EvoLucia lights project more than 50 lumens per watt consumed, a relatively high light output considering the low amount of input energy. They contain the newest high-brightness Cree(R) LEDs (Nasdaq: CREE) and employ patent-pending Aimed Optics(TM) technology to focus maximum light on the ground, virtually eliminating glare, wasted light and light pollution.
Sunovia Energy Technologies is a Sarasota, FL-based company that commercializes and markets products within the LED lighting and solar markets that reduce carbon emissions, promote national security and preserve the environment. Sunovia owns the exclusive marketing rights to products produced by EPIR Technologies, Inc., including infrared sensors and devices for the civilian and military night vision markets.
Market Commentary: In afternoon trading in New York, the 16-nation euro dropped to $1.4919 from $1.4940 and the British pound slid to $1.6647 from $1.6718. The dollar slipped to 89.01 Japanese yen from 89.48 yen.
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