Nanotech Stock Alert: mPhase (OTCBB: XDSL) Trades up over 33% On News of Restructuring Toxic Convertible Debt

New York, NY - June 6, 2012 - Investorideas.com, a leader in sector research for independent investors issues the following nanotechnology stocks trading alert for mPhase Technologies, Inc. (OTCBB:XDSL). The stock is trading up 33.33% on over 1.6 Million shares following news of Restructuring its toxic convertible debt.
The Company reported news today that negotiations with two creditors have led to a standstill agreement and restructuring of approximately $1,500,000.00 Dollars in Toxic Convertible Debentures.
The beneficial effect of restructuring of the Toxic Convertible Debentures will give the Company the control it needs to cease the automatic dilution of the issued and outstanding common stock.
About mPhase Technologies, Inc. (OTCBB: XDSL)
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com
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Electric Car Stocks Charged Up; QTWW, TSLA, UQM

New York, NY - June 6, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for electric car stocks trading for June 6th.

Quantum Fuel Systems Technologies Worldwide Inc. (NasdaqGM: QTWW) trading at $0.60, jumping $ 0.04 or (8.09%) as of 11:16AM EDT on 107,000 shares . On Monday it announced announced that it will demonstrate its clean, fuel efficient, Plug-In Hybrid Electric (PHEV) F-150 pickup truck to nation's leading fleet managers at the 2012 Electric Utility Fleet Managers Conference (EUFMC) in Williamsburg, Virginia, June 2-6, 2012. The stock has a 52 week range of $ 0.41 - $6.29.
Tesla Motors, Inc. (NasdaqGS: TSLA) is trading at $29.20, up $1.29 or (4.62%) as of 11:20AM on over 400,000 shares , with a high of $29.30 on the day.
UQM Technologies Inc. (NYSE MKT: UQM) is one of the sector leaders, trading at $1.0040, gaining $ 0.1240 or (14.09%) as of 11:22AM EDT. The Company reported news today that it has begun supplying the PowerPhase HD® 220 electric drive systems to Boulder EV to build delivery vans for FedEx Express.
"We just introduced the PowerPhase HD 220 electric drive system last month at EVS26 and have been selected to power the Boulder EV delivery vans as part of the FedEx Express all-electric fleet of vehicles," said Eric R. Ridenour, UQM Technologies' President and Chief Executive Officer. "Getting our new product out into commercial fleet customers like Boulder EV and FedEx Express is an excellent way to demonstrate its performance and efficiency advantages and will set the foundation for future sales growth."
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Nanotechnology Stocks; mPhase (OTC.BB:XDSL) Restructures Toxic Convertible Debt

LITTLE FALLS, NJ - June 6, 2012 (Investorideas.com Newswire) - mPhase Technologies, Inc. (OTC.BB: XDSL.OB) said negotiations with two creditors have led to a standstill agreement and restructuring of approximately $1,500,000.00 Dollars in Toxic Convertible Debentures.

The beneficial effect of restructuring of the Toxic Convertible Debentures will give the Company the control it needs to cease the automatic dilution of the issued and outstanding common stock.
The death spiral caused by these instruments has been eliminated to a large extent allowing the company breathing room to carry out its future plans.
The debt restructuring should allow the company the flexibility it needs to obtain funding for mPhase's revolutionary Smart Nano Battery Technology including the launch of its new product featuring advanced battery technology targeted for the automotive and marine industries.
The company stated: "The significant restructuring of this debt, especially the Toxic Convertible Notes, is the result of an aggressive effort on the part of management and the Board of Directors to improve mPhase's ability to meet its strategic goals of completing the commercialization of its technology and obtain funding in a more ordinary course."
About mPhase Technologies, Inc.
mPhase Technologies is introducing a revolutionary Smart Surface technology enabled by breakthroughs in nanotechnology, MEMS processing and microfluidics. Our Smart Surface technology has potential applications within drug delivery systems, lab-on-a-chip analytic systems, self-cleaning systems, liquid and chemical sensor systems, and filtration systems. mPhase has pioneered its first Smart Surface enabled product, the mPhase Smart NanoBattery. In addition to the Smart Surface technology, mPhase recently introduced its first product, the mPower Emergency Illuminator, an award-winning product designed by Porsche Design Studio and sold via the mPower website: http://www.mpowertech.com. More information about the company can be found at http://www.mPhaseTech.com.
Forward-Looking Statements
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. mPhase assumes no obligation to update the information in this release.
Contact:
973-256-3737
mPhase Technologies, Inc.

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Solar Energy Stocks on the Run: ASTI, FSLR, WEST

New York, NY - June 6, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for solar stocks for trading June 6th. Solar stocks are showing gains for the second day as a sector.

Ascent Solar Technologies, Inc. (NasdaqGM :ASTI) is a leader in the sector percentage wise, gaining $ 0.3189 or (54.98%) to trade at $.8989 as of 10:57AM EDT on over 2.2 Million shares. The Company shares spiked on news today it has launched a charger for the Apple® (AAPL) iPhone® * 4/4S smart phone featuring Ascent’s ultra light CIGS technology. Branded under Ascent’s new EnerPlexTM line of consumer products, the charger incorporates the company’s solar cells into a sleek, protective iPhone 4/4S case, along with a thin battery. The charger adds minimal weight and size to an iPhone smart phone, yet provides significantly improved battery life by harnessing sunlight for electric power.
First Solar, Inc. (NasdaqGS: FSLR) is trading up at $13.49, gaining 0.84 or (6.68%) as of 10:51AM EDT on volume of over 1.4 Millions shares with a morning high of $13.59.
Westinghouse Solar, Inc. (NasdaqCM: WEST) is up 0.03(13.86%) to trade at $0.23 as of 10:32AM EDT on just over 160,000 shares. Yesterday the Company reported with CBD Energy Ltd. (ASX: CBD), a diversified renewable energy company, plans to begin distributing Westinghouse Solar Power Systems in Australia. This follows last week's announcement of the settlement of all disputes between Westinghouse Solar and Zep Solar.
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Natural Gas Stocks Snapshot: (NYSE:CHK), (NASDAQ:CLNE), (NYSE:LNG), (NASDAQ:WPRT) See Gains

New York, NY- June 5, 2012 (Investorideas.com Newswire) - Investorideas.com, a leader in sector stock research for independent investors issues a trading snapshot for natural gas stocks, Chesapeake Energy Corporation (NYSE: CHK), Clean Energy Fuels Corp. (NASDAQ: CLNE), Cheniere Energy, Inc. (NYSE Amex: LNG) and Westport Innovations Inc. (NasdaqGS: WPRT).

Chesapeake Energy Corporation (NYSE: CHK) is currently trading at $16.75, up 0.23(1.39%) as of 12:55PM EDT with a high of $17.34 on volume of over 25 Million shares.
Cheniere Energy, Inc. (NYSE Amex: LNG) is trading at $12.11, with gains of $ 0.36 or (3.06%) as of 12:53PM EDT on over 4.3 Million shares, with a high of $12.48 on the day.
Clean Energy Fuels Corp. (NASDAQ: CLNE) is trading at $13.48, to the plus 0.93 or (7.41%) 12:56PM EDT on volume of over 1.4 Million shares, with a high of $13.68.
Westport Innovations Inc. (NasdaqGS: WPRT) is one of the top gainers in the sector, trading at $26.58, gaining 4.31 or (19.34%) 12:58PM EDT on over 4.5 Million shares. The Company reported news today that it signed agreements with Caterpillar Inc. (CAT) to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives.
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Solar Stocks Snapshot: (LDK), (JASO), (TSL), (YGE) all in the Green

New York, NY - June 5, 2012 - (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for solar stocks for trading June 5th. Several of the well  know solar stocks are trading up in today's session.

JA Solar Holdings Co., Ltd. (NasdaqGS: JASO) is one of the top gainers, trading at $1.00, up 0.11 or (12.36%) 12:17PM EDT on over 4 Million shares with a high of $1.04.
LDK Solar Co., Ltd. (NYSE:LDK) is trading at $ 1.73, gaining $ 0.08 or (4.85%) as of 12:10PM EDT. The Company reported yesterday that it signed three multi-year engineering, procurement, and construction (EPC) agreements. All three projects are located in the Gansu province of the People's Republic of China.
Trina Solar Limited (NYSE:TSL) is up 0.29(4.98%), trading at $6.11 on over 900,000 shares. The stock has a 52 week high of $22.76.
Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) is trading up at $2.63, up $ 0.05 or (1.94%) as of 12:13PM EDT with a high of $2.69.
Solar columnist, J. Peter Lynch had said last week in his commentary, "It would seem that now is the time to buy some solar stocks and see if history repeats itself - it DOES violate all of the rules I have outlined for you in all past articles, but if one wanted to take a crazy flyer this would be the time. This assumes you are aware that it is highly risky and maybe just a trade."
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Natural Gas Stock News; Westport Innovations (Nasdaq:WPRT) Gains on News of Deal with Caterpillar Inc. (NYSE:CAT)

New York, NY - June 5, 2012 (Investorideas.com Newswire) Investorideas.com, a leader in sector stock research for independent investors issues a trading alert for natural gas stock, Westport Innovations Inc. (NasdaqGS :WPRT), trading up at $26.35, gaining 4.08 or (18.32%) as of 10:50AM EDT on over 3 Millions shares.
Westport Innovations Inc. (NasdaqGS: WPRT) has a 52 week high of $50.19.
The Company reported today that it has signed agreements with Caterpillar Inc. (NYSE:CAT ) to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives. Caterpillar and Westport will combine technologies and expertise, including Westport™ High Pressure Direct Injection (HPDI) technology and Caterpillar's industry leading off-road engine and machine product technology, to develop the natural gas fuel system. Caterpillar will fund the development program. When the products go to market, Westport expects to participate in the supply of key components.
About Westport Innovations Inc.
Westport Innovations Inc. is a leading global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and renewable natural gas (RNG) fuels such as landfill gas and helps reduce greenhouse gas emissions (GHG). Westport technology offers advanced LNG fueling systems with direct injection natural gas engine technology for heavy-duty vehicles such as highway trucks and off-road applications such as mining and rail. Westport's joint venture with Cummins Inc., Cummins Westport Inc. designs, engineers and markets spark-ignited natural gas engines for North American transportation applications such as trucks and buses. Westport LD division is one of the global leaders for natural gas and liquefied petroleum gas (LPG) fuel in passenger cars, light-duty trucks and industrial applications such as forklifts. To learn more about our business, visit our website or subscribe to our RSS feed at www.westport.com, or follow us on Twitter @WestportDotCom.

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OTC Trading Alert: In Media Corp (OTCBB: IMDC) Sees 52 Week High

New York , NY , June 4, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on penny stock trading on the OTC for June 4, 2012. In Media Corporation (OTCBB:IMDC) is trading up at $0.2199, up 0.0249(12.77%) as of 1:45PM EDT with a high of $0.225 on over 700,000 shares. The stock was one of several new 52 week highs on the http://www.otcbb.com/ today.
Last news from the Company was reported May 10, 2012 that it signed an agreement with Global Green Management to sell new Android based Tablet PCs to Global Green's Education for Children initiative in South East Asia and Africa. Global Green Management agrees to pay 90% in advance for projected quarterly requirements after 30 days from invoice.
About IN Media Corp
IN Media Corp is an integrator of Internet Protocol Television (IPTV) services, products and content for major platform and service providers (e.g. cable, satellite, and Internet providers). IN Media provides a combination of products and services: set-top box hardware and software services, manufacturing of the set-top boxes, library of content and content aggregation for platform providers to implement an all-in-one solution for IPTV services. More information can be found at: http://www.inmediacorp.com

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Biotech Stock to Watch; Cleveland BioLabs (Nasdaq:CBLI) Big Moves on News of GLP Efficacy Study With Radiation Countermeasure CBLB502

New York, New York –June 4, 2012 - Investorideas.com, an investor research portal specializing in sector research including biotech and pharma stocks, issues a trading alert for

Cleveland BioLabs, Inc. (Nasdaq:CBLI), making gains of $0.68 or (53.54%) to trade at $1.95 12:36PM EDT on over 2.5 Million shares. The stock has a day’s high of $2.40.

The Company reported today strong survival results for its randomized, blinded, placebo-controlled efficacy study of CBLB502 in 179 non-human primates (NHPs) conducted under Good Laboratory Practice (GLP) with elements of Good Clinical Practice (GCP), as required by the U.S. Food and Drug Administration's (FDA) Animal Rule. The study demonstrated with a high degree of statistical significance the dose-response relationship between the administration of CBLB502 and the survival of lethally irradiated animals, the study's primary endpoint.

About Cleveland BioLabs, Inc.

Cleveland BioLabs, Inc. is a clinical-stage biotechnology company leveraging deep mechanistic understanding of the cell death process, apoptosis, to develop a robust pipeline of compounds primarily focused on oncology applications and mitigation of radiation injury. The Company's lead compound is being developed as both a radiation countermeasure and a direct acting anticancer agent. The Company has two operating subsidiaries, Incuron, LLC, and Panacela Labs, Inc., and strategic relationships with the Cleveland Clinic, Roswell Park Cancer Institute, the Children's Cancer Institute of Australia and the Armed Forces Radiobiology Research Institute. To learn more about Cleveland BioLabs, Inc., please visit the Company's website at http://www.cbiolabs.com.

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Oil and Gas Stock Alert: CREDO Petroleum (Nasdaq:CRED) Runs on Acquisition News

New York, NY- June 4 2012 (Investorideas.com Newswire) - Investorideas.com , a leader in sector stock research for independent investors issues an oil and gas stock trading alert for CREDO Petroleum Corporation (Nasdaq:CRED), an oil and gas exploration and production company with significant assets in the North Dakota Bakken and Three Forks, Kansas, Nebraska, the Texas Panhandle and Oklahoma. The stock is one of NASDAQ's top gainers in morning trading, gaining #3.46 or (31.86%) to trade at $14.32 as of 11:17AM EDT.
The Company reported today that its board of directors has unanimously approved a definitive agreement pursuant to which Forestar Group, Inc. (NYSE:FOR) will acquire all of the outstanding shares of Credo's common stock for $14.50 per share, or approximately $146 million in the aggregate.
About Credo

CREDO Petroleum Corporation (Nasdaq:CRED) is a publicly traded independent energy company headquartered in Denver, Colorado. The Company is engaged in the exploration for and the acquisition, development and marketing of crude oil and natural gas in the Mid-Continent and Rocky Mountain regions with operations primarily in North Dakota, Kansas, Nebraska, Texas Panhandle and Oklahoma. Credo uses advanced technologies to systematically explore for oil and gas and, through its patented Calliope Gas Recovery System, to recover stranded reserves from depleted gas reservoirs.
About Forestar
Forestar Group Inc. operates in three business segments: mineral resources, real estate and fiber resources. At the end of first quarter 2012, the real estate segment owns directly or through ventures over 146,000 acres of real estate located in nine states and twelve markets in the U.S. The real estate segment has 16 real estate projects representing approximately 27,600 acres currently in the entitlement process, and 73 entitled, developed and under development projects in seven states and eleven markets encompassing over 16,000 acres, comprised of almost 27,000 residential lots and over 2,400 commercial acres. The mineral resources segment manages approximately 594,000 net acres of oil and gas mineral interests located principally in Texas, Louisiana, Alabama, and Georgia. Also included in the mineral resources segment is a 45% nonparticipating royalty interest in groundwater produced or withdrawn for commercial purposes from approximately 1.4 million acres in Texas, Louisiana, Georgia and Alabama and about 17,800 acres of groundwater leases in central Texas. The fiber resources segment includes the sale of wood fiber and management of our recreational leases. Forestar's address on the World Wide Web is www.forestargroup.com.
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NASDAQ Morning Leader: MEDTOX Scientific (Nasdaq:MTOX) Moves on Merger News

New York, NY - June 4, 2012 (www.Investorideas.com Newswire) Investorideas.com, a leader in sector research for independent investors issues a trading alert for MEDTOX Scientific, Inc. (Nasdaq:MTOX), gaining $7.00 or (35.53%) to trade at $26.70, with a morning high of $26.88 on merger news.
MEDTOX Scientific (Nasdaq:MTOX), reported today that it had entered into a definitive merger agreement with Laboratory Corporation of America(R) Holdings (NYSE:LH). Under the terms of the agreement, LabCorp would acquire MEDTOX for a purchase price of $27.00 per share in cash, representing a total enterprise value of approximately $241,000,000.
MEDTOX Scientific, Inc., headquartered in St. Paul, Minn., is a provider of high quality specialized laboratory testing services and on-site/point-of-collection testing (POCT) devices. The Company also supports customers with complete logistics, data and program management services. MEDTOX is a leader in providing esoteric laboratory testing services to hospitals and laboratories nationwide. This includes both central laboratory and bio-analytical testing for pharmaceutical clinical trials. MEDTOX develops and manufactures diagnostic devices for quick and economical on-site/point-of-collection analysis for drugs-of-abuse and therapeutic drugs, and provides employment drug screening and occupational health testing. For more information see www.medtox.com.

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Silver Stocks on the Move

New York, NY - June 1 , 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert snapshot for silver stocks trading for Friday June 1st.

Hecla Mining Co. (NYSE: HL) trading at $4.4650, up $ 0.2150(5.06%) 1:18PM EDT on over 3.9 million shares.
Silvercrest Mines Inc. (TSX.V: SVL) trading up at $1.96, up 0.06(3.16%) 1:02PM EDT on over 73,000 shares.
iShares Silver Trust (NYSEArca: SLV) trading up 27.79 gaining 0.83(3.08%) 1:22PM EDT
Silver Wheaton Corp. (NYSE:SLW) trading up at $ 26.83, moving $1.35(5.29%) 1:23PM EDT on over 4.8 Million shares.
Top Performing Industries % Change
Silver +4.09%
Gold +3.66%
Nonmetallic Mineral Mining +2.74%
Copper +1.27%
Industrial Metals & Minerals +0.69%
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TSX Mining Stocks Glimmer of Hope in Down Markets: (TSX: GBU), (TSX: TNX), (TSX.V: ATC)

New York, NY - June 1, 2012 - www.InvestorIdeas.com, a leader in sector research for independent investors issues a trading alert for TSX mining stocks showing notable gains in an otherwise down market day.

Gabriel Resources (TSX: GBU.TO) is trading up at $2.23, up 0.35(18.62%) as of 11:51AM EDT on over 582,000 shares. The Company is focused on permitting and developing its world class Rosia Montana gold and silver project (the "Project") in Romania. The Project is owned through Rosia Montana Gold Corporation S.A. (RMGC), in which Gabriel holds an 80.69% stake with the balance held by the Romanian State.
Tanzanian Royalty Exploration Corporation (TSX: TNX.TO) is trading up at $4.26, moving 0.55(14.82%) as of 11:53AM EDT on light volume. The Company reported yesterday a continued operation on the Kigosi Licenses was received from the Tanzanian Ministry of Natural Resources.
ATAC Resources Ltd. (TSX.V: ATC) is trading up at $3.08, gaining $0.45(17.11%) as of 12:00PM EDT on over 200,000 shares. Earlier this month it reported that it has begun phase one of a two phase exploration and drilling program at its 100% owned, 1,600 sq/km Rackla Gold Project, which hosts Canada's only Carlin-Type gold discoveries.
Top Performing Industries % Change
Gold +3.73%

Silver +3.46%
Nonmetallic Mineral Mining +2.62%
Copper +0.86%
Industrial Metals & Minerals +0.71% Sign up for the free investor news and stock alerts at Investorideas.com
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Clean Energy Stocks on the Move: FuelCell Energy (NASDAQ: FCEL), Hoku (NASDAQ: HOKU)

New York, NY - May 31, 2012 (Investorideas.com renewable energy/ green newswire) Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor trading alert for stocks on the move; FuelCell Energy Inc. (NASDAQ: FCEL), trading up at $1.3585, up 0.1485 (12.27%) 1:28PM EST on over 3 million shares and solar energy company Hoku Corporation (NasdaqGM: HOKU), trading up at $0.2270, gaining $0.0944 or (71.19%) as of 1:32PM EDT on over 3 Million shares.
FuelCell Energy Inc. (NASDAQ: FCEL) was also a notable gainer in the sector yesterday, following news of growing demand in Asia for stationary fuel cell power plants.
About FuelCell Energy (NASDAQ: FCEL)
Direct FuelCell(R) power plants are generating ultra-clean, efficient and reliable power at more than 50 locations worldwide. With over 180 megawatts of power generation capacity installed or in backlog, FuelCell Energy is a global leader in providing ultra-clean baseload distributed generation to utilities, industrial operations, universities, municipal water treatment facilities, government installations and other customers around the world. The Company's power plants have generated over one billion kilowatt hours of power using a variety of fuels including renewable biogas from wastewater treatment and food processing, as well as clean natural gas. For more information please visit our website at www.fuelcellenergy.com
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Coal Stock News Alert: VSUS Technologies Inc., (OTCQB:VSUT) Shareholder Update

BOGOTA, Colombia - May 31, 2012 (Investorideas.com Newswire) VSUS Technologies Inc. (OTCQB:VSUT) President, John Campo, commented, "As a relatively unknown company, we understand the need to keep shareholders updated. Due to the large interest from international investors in the Colombian coal sector, we wanted to provide an overview of our company for both retail and institutional investors taking a closer look at VSUS Technologies Inc."

VSUS Technologies Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia . We own 100% of La Tabaquera mine in Colombia with an estimated 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. These reserves were appraised by a licensed mining engineer in Colombia for an estimated gross value of US$ 70 MM "in situ" in the ground.
The Company has signed an LOI to purchase the neighboring property with expected reserves of over 100 MM tonnes. We anticipate closing this acquisition in the very near future.
There has been significant interest in the Colombian coal sector by international mining companies and investment bankers. South Africa 's Continental Coal acquired a 50% joint venture interest in a metallurgical coal mine. According to their press release, "Sales of hard coking coal are made at the mine's gate with current margins of about 75%."
Brazilian miner Vale said on Monday it agreed to sell its thermal coal assets in Colombia for $ 407 MM to a unit of Colombian Natural Resources, a mining company controlled by U.S. investment bank Goldman Sachs. Goldman Sachs already owns a stake in a railway and mines in the same area. Goldman Sachs has been quietly accumulating coal properties in Colombia for the past few years. It is important to note that Vale, the largest iron ore producer in the world, is selling the mines because thermal coal, used to generate electricity, is not part of the company's core business. They are keeping their more valuable metallurgical coal assets.
Due to the high quality of our metallurgical coal reserves, the Company has received an informal offer, through one of its shareholders, from a subsidiary of a major international energy conglomerate for the purchase of La Tabaquera; the Company will weigh all options including being acquired.
We are in talks with a company that owns producing oil wells in Wyoming that would like to be acquired by VSUS Technologies at a valuation far greater that our current market price. The oil company believes mutually we can raise funds to increase their production from 40-50 barrels of oil per day to 400 barrels. This cash flow, along with our assets, will make us more attractive to institutional investors and will allow us to acquire additional coal properties in Colombia as well as producing oil wells in the U.S.
The Company has increased its authorized shares in preparedness for these near term acquisitions. We have no plans to enter into any financing that could have a negative impact on our shareholders. The increase was done with the long term view of executing our business plan to take advantage of the huge roll up opportunities both in Colombia and the U.S.
As you are aware, we have begun our environmental impact studies for La Tabaquera. We anticipate completing these studies and applying for our mining permit within three months of receiving the necessary financing. We have been in extensive talks this week with financiers that are willing to provide favorable financing.
The Company would like to thank our shareholders for their continued support as we move into the next phase of our development.
Sincerely,
John Campo, President
VSUS Technologies Inc.
VSUS Technologies is a growing company that is acquiring coal concessions in Colombia in order to satisfy the world market demand for coal. Once a concession is acquired and the necessary financing is obtained, the Company will begin all the required environmental and geological studies to get them into production as efficiently as possible. The Company plans to have three revenue producing business units in Colombia : coal mining, coking oven facilities, and docks and river transportation along the Magdalena River . The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia . For more information on our company visit our new website at www.vsustechnologies.com
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Company Contact:
Mr. John CampoPresident(1)-410-236-8200 USA (57) 318-657-0918
Colombiajcampo@vsustechnologies.com
VSUS ColombiaCra. 16 # 79-31 Suite 703aBogota , Colombia www.vsustechnologies.com
Published at Investorideas.com Newswire
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894