Spain Gets Bank Bailout As World Markets Bounce Off Lows

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http://ymlp223.net/zHRzeK ——————————————————————————– June 10, 2012 Week In Review…

Week In Review For June 4 to June 8, 2012 Canadian Companies mentioned include:

* Brazilian Gold Corp. (TSX-Venture:BGZ) * Aurcana Corp. (TSX-Venture:AUN) * Sona Resources Corp. (TSX-Venture:SYS) * Southern Arc Minerals Inc. (TSX-Venture:SA) * Vatic Ventures Corp. (TSX-Venture:VCV) U.S. Companies mentioned include:

* Royal Standard Minerals Inc. (OTCBB:RYSME) * Sauer Energy Inc. (OTCBB:SENY) * Evoq Properties Inc. (Pink Sheets: EVOQ) * China Global Media Inc. (OTCBB:CGLO) * Medical Marijuana Inc. (Pink Sheets:MJNA) This week on AllPennyStocks.com:

* Article Published, June 5, 2012: TSX Biotech Continues Pursuing Drug Development for Multiple Myeloma (http://allpennystocks.com/aps_ca/special_reports/article.aspxid3) (CDN / U.S. Company) * Article Published, June 6, 2012: Junior Tech Firm Secures $1 Million for Production Facility; Lawsuits Take Backseat for a Day (http://www.allpennystocks.com/aps_us/special_reports/article.aspxid9) (U.S. Company) * Article Published, June 9, 2012: $2.3 Million Sale of Mining Claims Puts Junior Explorer on Radar for Potential (http://www.allpennystocks.com/aps_ca/special_reports/article.aspxid4) (CDN / U.S. Company) Video charts for the week:

* June 5th Technical Video Chart For MJNA. After a pullback from a recent run that saw the price per share more than double, the Medical Marijuana stock chart is on watch for a bounce. Support is established at 3.5 and 4 cents with resistance in place at 5 and 6 cents. view:

( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/zJYTVqR0X1M ).

* June 7th Technical Video Chart For VCV:CA. The Vatic Ventures chart has formed a cup and handle pattern with support at 11 cents and resistance at 13.5 cents. Volume has declined during the handle formation which will have technical traders on the lookout for an increase in volume to potentially make a move towards a breakout.

view:

(http://www.youtube.com/user/AllPennyStocks#p/a/u/1/26KMNQvejRY ).

Follow AllPennyStocks.com on Twitter: Click here: ( http://www.allpennystocks.com/aps_common/twitter.asp ) to join AllPennyStocks.com on Twitter. Find out about the penny stocks to watch before anyone else, only on Twitter. Following AllPennyStocks.com is free, get all the details here: ( http://www.allpennystocks.com/aps_common/twitter.asp ).

WEEKLY UPDATE – BULLS RALLY DOW BACK INTO GREEN; TSX GIMPS INTO WEEKEND North American stocks came out soft on Monday to continue a poor showing from the prior Friday to ring-in June on a bitter note, before the bulls turned the tide for a triple-digit mid-week rally as investors grew hopeful for more stimulus to come and help buoy struggling global economies. Thursday and Friday proved stark difference between U.S. and Canadian equities as the U.S. stocks continued to push ahead, sending the Dow Jones Industrial Average back into the green for 2012, while commodities fell, dragging the Canadian indices lower into the weekend to stem larger gains on the week.

U.S. stocks posted one of the biggest weekly gains of 2012 against a backdrop of caution as anxiety is still high regarding Spain and others in the euro zone. The surge was predicated upon hope for QE3 in the States; speculation of a unified effort by the world`s biggest economies to formulate a plan to lend aid to the euro zone; and traders jumping-in to scoop-up depressed stocks and commodities during a thin economic data week for the States. Some interesting commentary was provided by leading market strategists to put a finger on the the market activity. “The big news is that stocks are not going down–I would have thought in the absence of good news in Europe they would be. This market doesn`t lack for reasons to be pessimistic,” said Brian Gendreaum, market strategist with Cetera Financial. Shaun Osborne, chief currency strategist at TD Securities, offered, “It`s all bipolar…very short-term, headline-driven trading at the moment.” China has been on a trend recently with economic data showing slowing growth from the world`s second largest economy and major metal consumer. A reading of 55.2 in China`s non-manufacturing Purchasing Manager`s Index for May was down from 56.1 in April and cut into expectations that activity in the services sector could help offset sluggishness in manufacturing.

As the focus stayed on Spain, Greece did not spend much time in the limelight this past week other than credit rating agency Standard & Poor`s saying that there is a 33 percent chance that the country will leave the euro currency union in the coming months.

Interest rates were in focus with Canada keeping its benchmark rate at one percent because of a worsening economic environment. The European central bank also kept its key interest rate at one percent, although it was not a unanimous vote, according to ECB President Mario Draghi. With the indecision on cutting rates, many analysts expect the ECB to cut rates next month. Surprising economists, China`s central bank announced an interest rate cut, its first since 2008 as the country tries to spur its slowing economy. Shaving the rate by 0.25%, China`s one-year lending rate is now 6.31%, which is much higher than interest rates in the United States, Europe and Japan.

Chipping-in info related to the 17 countries that use the euro was Eurostat, the statistical office of the EU, the agency did not revise its estimate of first quarter GDP for the euro zone, which came in at a decline of 0.1 percent. Regarding the 27 countries that comprise the European Union, Eurostat reported a combined 0.1% increase during the quarter. All tolled, the figures were positive compared to both the euro zone and the EU posting 0.3% declines during the fourth quarter of 2011.

Positive sentiment flowed from Europe as finance officials from the world`s seven largest economies (called the “G-7”) gathered for an emergency teleconference to discuss the crisis in Spain, the chance of contagion spreading from Greece and assembling a coordinated intervention by global central banks. A G-20 summit is scheduled for later this month. Mid-week, the European Union unveiled a plan that would call for a Europe-wide banking union, which would deal with future banking crisis on the continent, rather than leaving them in the hands of their already struggling national governments, but left-out details about any specific size of the rescue fund to be created. As Greece struggles through the political problems to decide if they will remain using the euro, Spain`s Treasury Minister Cristobal Montoro said that the country has effectively lost access to capital markets and its banking system needs help from other EU countries, sending 10-year bond rates above 6.5%, before settling the week closer to 6%. The rates remain high as levels above 7% are widely-regarded as unsustainable.

Another whopper of a news story occurred on Saturday when Eurozone finance ministers agreed to lend Spain up to 100-billion euros (US$125-billion) to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week.

A bailout for Spain’s banks, hampered by bad debts since a property bubble burst, would make it the fourth country to seek assistance since Europe’s debt crisis began. With the rescue of Greece, Ireland, Portugal and now Spain, the EU and IMF have now committed around 500-billion euros to finance European bailouts.

Federal Reserve chairman Ben Bernanke told lawmakers that the U.S.

central bank is still ready to act when necessary, but once again disappointed by offering no hint that additional stimulus measures are imminent. Federal Reserve Bank of Atlanta President Dennis Lockhart said extending Operation Twist, the program to lengthen maturities of debt on the central bank`s balance sheet, is an “option on the table,” but warned that he was not going to speculate on what the Federal Open Market Committee (FOMC) was going to do. While let down that “Helicopter Ben” was not going to fly over the country dropping money in the near term, investors relished the words by Lockhart that suggested some moves could be coming in some manner.

Investors should expect more of the same as the new week will start with ongoing concerns about Europe`s debt problems, questions about Greece returning to the drachma and the aftermath of the Spanish banking system bailout. At the time of this writing, China has still not released economic data that is expected over the weekend that will have the eyes and ears of the investment community about signs of life from the becoming-sluggish economy.

The Canadian dollar rose for the first time in six weeks against the U.S. dollar after any speculation that the Bank of Canada would further cut interest rates was diminished and news that Canada created more jobs than were forecasted in May. The loonie rebounded after starting the week at its lowest levels against the greenback since November 2011. Rising commodity prices the majority of the week also helped strengthen the Canadian currency as crude oil, Canada`s largest export, rose for the first time in six weeks. On the week, the Canadian dollar picked-up 1.08% against the USD, meaning that next week will begin with one Canadian dollar buying US$0.974515.

Commodity Snapshot:

* Gold futures rose to a one-month high on Wednesday to hit 1,642.40, up more than 7 percent from May`s lows to ride the bull rally from the week before after the sour jobs report from the U.S. bolstered hopes of another round of quantitative easing from the U.S. Central Bank.

But, when Fed Chairman Ben Bernanke gave a speech that didn`t include any signs of a fresh batch of bond buying, bullion dropped hard, losing more than $40 per ounce on Thursday, sending the precious metal into negative territory on the week. Futures edged mildly higher on Friday, tracking the euro as the currency cut its losses on hopes for aid going to the struggling Spanish banks, but the modest climb was not enough to take gold near positive territory for the last five trading days. On the week, August contracts were the most actively traded; fading 1.89%, or $30.70 per ounce to close the week at $1,591.40 on the Comex division of the New York Mercantile Exchange.

* Silver prices also rose sharply early in the week to hit $29.865 on Wednesday, nearly 10 percent higher than May lows, but also fell quickly when Bernanke said on Thursday that it was too early to tell if QE3 was necessary. Gold and silver have both been held captive over the last couple months because of broken banking systems in the euro zone and no firm decisions coming on how to fix the problems. On the week, July silver contracts remained the most actively traded;dropping 0.14%, or 4.1 cents, to $28.471 per ounce.

* Copper prices had appreciated on the week heading into Friday`s trading. Copper dropped more than 2.5 percent on Friday, though, ahead of key reports from China on May trade and industrial data that are scheduled to arrive over the weekend. Analysts are speculating that the data is going to come in beneath expectations and show a slowing in growth for China, the world`s biggest consumer of copper.

Friday`s closing price put copper at its lowest level since mid-December. July contracts were the most actively traded on New York`s COMEX exchange during the week and finished down by 2.85 cents, or 0.86%, at $3.285 per pound.

* Oil prices tracked other commodities with a rise throughout the majority of the week before falling on Friday as traders remain cautious after Bernanke said that the main bank is “prepared to take action,” but stopped at that point without any further suggestions as to when. Federal action generally devalues the U.S. dollar, which strengthens dollar-denominated commodities because it makes them cheaper for foreign buyers. Further, U.S. oil inventories remain near two-decade highs and there is no signs of global production slowing, which keeps any concerns about demand issues at bay. On the positive side for oil traders, WTI crude bounced from lows on Friday to salvage a green close for the black gold. On the week, July contracts for West Texas Intermediate crude forged ahead $0.87, or 1.05%, to close at $84.10 per barrel.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * Major gold miners retraced as bullion prices fell late week, leaving totals mixed on the week. for the third straight week with Barrick Gold (ABX,-8.06%), Goldcorp (G, -1.64%), Agnico-Eagle Mines (AEM, -2.27%) and Kinross Gold (K, -4.17%) all posting losses while Newmont Mining (NMC, +1.14%) and Yamana Gold (YRI, +0.49%) held onto gains on the TSX.

* Canada`s biggest gold company, Barrick Gold, surprised investors, saying that Aaron Regent has been replaced as President and CEO by Jamie Sokalsky, who was the company`s CFO.

* Energy stocks bounced back with oil prices stabilizing. Suncor Energy (NYSE:SU, +7.12%), Talisman Energy (NYSE:TLM, +2.63%), Imperial Oil (NYSE:IMO, +7.51%) and Cenovus Energy (NYSE:CVE, +6.24%) all advancing on the week. Canadian Natural Resources (NYSE:CNQ, -0.11%) fell more than $2 from its intraweek highs to lose points.

* Chesapeake Energy (NYSE:CHK, +17.84%) made a sharp climb after the embattled natural gas company said it is replacing four members of its board of directors in response to urging from two of its largest shareholders, including Carl Icahn, and advanced talks to sell almost all of its pipeline assets for more than $4 billion to Global Infrastructure Partners.

* In other energy news, TransCanada PipeLines Ltd. (TSX:TRP, +0.71%) reported that it has been selected by Shell (NYSE:RDS/A, +3.37%) for a $4-billion project to build a major pipeline in Canada to transport natural gas. Caterpillar Inc. (NYSE:CAT, +2.43%) announced a partnership with Westport Innovations Inc. (NASDAQ:WPRT, +31.12%) to develop a natural gas fuel system for off-road equipment.

* Having to answer questions about the $2 billion trading loss reported by JPMorgan & Chase Co. (NYSE:JPM, +5.48%)a few weeks ago, CEO Jamie Dimon will be appearing in front of the Senate Banking Committee this coming Wednesday.

* The financial sector advanced as part of the broad market rally.

Goldman Sachs Group (NYSE:GS, +2.05%), Bank of America (NYSE:BAC, +7.69%), Wells Fargo & Co. (NYSE:WFC, +4.21%) and Citigroup (NYSE:C, +9.37%) all forged gains.

* On the Canadian banking front, the financial sector was varied as Bank of Montreal (BMO, -0.24%), Toronto-Dominion Bank (TSX:TD, -1.35%) and Canadian Imperial Bank of Commerce (TSX:CM, -0.03%) dropped while Royal Bank of Canada (RY, +0.64%), National Bank of Canada (TSX:NA, +1.28%) and The Bank of Nova Scotia (TSX:BNS, +0.88%) edged upward.

* Laurentian Bank`s (TSX:LB, +6.05%) B2B Trust said that it will pay about $415.5 million in cash to acquire the trust operation of AGF Management Ltd. (TSX:AGF/B, +4.11%), with AGF saying it will use proceeds from the deal to strengthen its core business. Separately, Laurentian reported that it is boosting its quarterly dividend by two cents to 47 cents per common share.

* Research in Motion (TSX:RIM, +4.49%) closed below $10 per share for the first time since December 2003, before rebounding to post a green close for the week.

* Facebook (NASDAQ:FB, -2.24%) remained in the news with its third straight red week since its ballyhooed IPO in mid-May. Reports surfaced that the social network giant is looking at ways to allow children younger than 13 to use the site, which is prompting new criticism of the company. After botching the IPO of Facebook, Nasdaq OMX Group (NASDAQ:NDAQ, +3.46%) said it plans to spend $40 million to compensate trading firms for losses caused by glitches in the inaugural trading day.

* Shares of McDonald`s (NYSE:MCD, +1.20%) and KFC-owner Yum! Brands (NYSE:YUM, -0.17%) slipped amid growing fears about slowing economic growth in China. McDonald`s announced that its sales at stores open at least a year in Asia, the Middle East and Africa regions declined 1.7% in May, with particular weakness in Japan and China.

* Over the prior weekend, an agreement involving BCE Inc. (TSX:BCE, +2.47%) and its financial backers was announced that will see Bell Canada add a minority ownership stake in 11 data centres in Alberta, British Columbia and Ontario to its holdings. The companies say the deal is valued at $1.1 billion, including assumed debt.

* Shares of mattress maker Tempur-Pedic International (NYSE:TPX, -40.80%) got slaughtered after the company said that it expects its second-quarter profit to plunge 50% as well as lowering its outlook for the year amid increased competition.

* Starbucks (NASDAQ:SBUX, +2.76%) said it is expanding its food offerings by paying $100 million in cash to acquire Bay Bread and its La Boulange Bakery.

* Shares of Molina Healthcare (NYSE:MOH, -8.59%) were taking a beating all week until a 22% surged to pare losses upon late-week news that Ohio had endorsed its bid to continue as a health care provider for the state`s Medicaid beneficiaries.

* 700-pound gorilla Google (NASDAQ:GOOG, +1.66%) said that it is buying Meebo, a social networking startup that lets users share pages on various networks including Facebook in a deal valued at about $100 million. The news comes shortly after Google bought another startup called KikScore, a small competitor that rates the trustworthiness of Web retail sites. KikScore`s website already has a message saying to check out Google because Google will have their service shut-down by the end of the month.

* Shares of AutoNation (NYSE:AN, +6.34%), the largest U.S. car dealership, lurched ahead upon reporting a 45% rise in new car sales during May, nearly doubling the 26% rise in industry-wide U.S. car sales reported by major automakers during the month.

* Netflix (NASDAQ:NFLX, +4.27%) saw shares climb after it said that it would start its own content delivery network to provide its streaming service to customers. Shares of Akamai Technologies (NASDAQ:AKMI, +6.81%), a provider of content delivery networks that speed web-video traffic that provides some of that service to Netflix, slid at first but recovered later in the week.

* Miranda Technologies Inc. (TSX:MT, +62.90%) saw its shares skyrocket after the provider of hardware and software to the television industry agreed to a buyout by Belden Inc. (NYSE:BDC, +5.52%) for $17 a share.

Weekly Indices Results:

The S&P TSX Composite Index reversed course and added 139.43 points, or 1.23%, to 11,500.63. The TSX Venture Exchange limped into the weekend, but still rose on the week; growing 1.34 points, or 0.10%, to 1,292.93.

In the States, the Dow Jones Industrial Average recouped all the week prior`s loss; rising 435.63 points, or 3.59%, ending the week at 12,554.20. The much-broader S&P 500 followed along; expanding its total by 47.62 points, or 3.73%, to close at 1,325.66. The tech-rich NASDAQ Composite paced the gains in the States; tacking-on 110.94 points, or 4.04%, to 2,858.42 on the week.

Canadian Economic Data:

* After a sizzling month of growth in April, housing starts slowed as expected in May. Canada Mortgage and Housing Corp said that the seasonally adjusted annualized rate of housing starts was 211,400 units, compared with 243,800 units in April. The April figure was revised down from 244,900 units reported previously. Analysts were calling for 212,000 starts for the month.

* After reporting increases in the two prior months, Statistics Canada said that the total value of building permits fell 5.2% to $6.5 billion in April. The drop was far greater than the 1.9% decrease that economists had predicted. The decline was largely the result of lower construction intentions for institutional buildings and multi-family dwellings in Ontario.

* Following two months of large gains, the Canadian jobs creation machine slowed and the unemployment rate remained at 7.3% in May.

After creating a stellar 140,000 jobs in March and April, only a tepid 7,700 jobs were added during May. Although small, the number of new jobs topped economists expectations of the nation creating 5,000 jobs.

Compared with 12 months earlier, employment increased 1.2% or 203,000. Virtually all of this growth was in full-time work, up 192,000 (+1.4%).

* Canada`s merchandise exports declined 1.2% in April, while imports edged up 0.1%. After five consecutive monthly surpluses, Canada posted a trade deficit of $367 million in April, down from a surplus of $152 million in March.

Next week, economic data will bring updates on the New Housing Price Index on Thursday; and CREA stats – MLS Sales and the Monthly Survey of Manufacturing on Friday.

U.S. Economic Data:

* Indicating a deceleration in manufacturing, factory orders slid for the second straight month in April, according to the Commerce Department. Bookings dropped 0.6 percent during the month, following a revised 2.1 percent decrease (from 1.9%) in April. This was the first time in more than three years (February and March 2009) that factory orders had decreased in back-to-back months. Economists were calling for a contraction of 1 to 1.1 percent during April.

* The Institute for Supply Management’s index of non- manufacturing businesses, which covers about 90 percent of the economy, registered 53.7% in May, nudging 0.2% higher than April’s four-month low.

Readings above 50 signal expansion. Albeit slow, the above-50 mark was held for the 29th consecutive month; signaling that the U.S. is still on a consistent, but very tepid, path to recovery.

* In that latest reading of the job market`s pulse, initial unemployment claims declined in the week ended June 2, 2012. Initial jobless claims – an indicator of layoffs – had been on the climb for three straight weeks, but tapered back to 377,000 in the latest week from 389,000 the week prior. The four-week moving average eked higher to 377,750. The report also showed that continuing unemployment claims for the week ended May 26 increased by 34,000 to 3.29 million.

* The U.S. trade deficit contracted in April, but only as a result of a large drop in imports offsetting the first decline in exports in five months, according to a report from the Commerce Department. For the month, the trade deficit tightened by 4.9 percent to $50.1 billion. Exports, which had hit a record in March, experience a broad contraction; falling 0.8% to $182.9 billion. Imports, which also hit record levels in March, decelerated even more quickly with a drop of 1.7% to $233 billion. The wide trade gap hurts growth because it means the U.S. is spending more on foreign-made products than it is taking in from sales of it own goods.

Next week, data in the States will pick up the pace with the Producer Price Index and Retail Sales on Wednesday; Consumer Price Index and Initial Jobless Claims on Thursday; and Industrial Production, Consumer Sentiment and Empire State Manufacturing Survey on Friday.

Penny Stocks to Watch & Company Spotlight Results:

Among the stocks we watched this week, miner Brazilian Gold Corp.

(TSX-Venture:BGC) had a strong week; hitting an intraweek high of $0.33 on Wednesday and closing the week near that mark at 32 cents, for a gain of $0.05, or 18.52%. The other Canadian stock on our radar, fellow miner Aurcana Corp. (TSX-Venture:AUN) rose smoothly to an intraweek high of $1.10 on Wednesday, before cooling a bit to close the week at $1.02 for a gain of 6 cents, or 6.25%.

In the States, alternative energy company Sauer Energy Inc.

(OTCBB:SENY) rose as high as 28 cents on Thursday before slipping back some to still close ahead for the week, notching gains of 1.96%, or $0.005, with a close on Friday at $0.26. The other U.S. stock on our watchlist, junior miner Royal Standard Minerals Inc. (OTCBB; RYSMF) had a strange week because it was delinquent with its SEC filings, meaning that its ticker changed to “RYSME” until it makes its regulatory filings. On the week, RYSME closed flat at $0.15, which also represented its intraweek high.

If you`d invested in all four stocks and held them to the end, you`d have seen a solid average gain of 6.68%. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized gains of 11.65%.

Next week, we focus on Sona Resources Corp. (TSX-Venture:SYS) and Southern Arc Minerals Inc. (TSX-Venture:SA). In the States, look for big things from Evoq Properties Inc. (Pink Sheets:EVOQ) and China Global Media Inc. (OTCBB:CGLO).

On the Corporate Spotlight Front…

Medical Marijuana, Inc. (Pink Sheets: MJNA), a leading cannabis and hemp industry innovator, has acquired a 50 percent stake in CanChew, a cannabinoid (CBD)-based medicine delivery vehicle in the form of chewing gum. The product was previously owned entirely by Sanammad Foundation, a pharmaceutical development company headquartered in The Netherlands.

The acquisition includes ownership of the patents and intellectual property of the product giving Medical Marijuana, Inc. the worldwide exclusive rights to develop, manufacture, market and distribute both THC and non-THC hemp-derived cannabinoid infused chewing gum to medical marijuana consumers. The Food and Drug Administration (FDA) currently considers non-THC based hemp products to be “food based” and therefore legal without a medical marijuana license. Cannabinoids have had positive effects in clinical trials on neuralgic pain, Multiple Sclerosis and spinal cord injuries, nausea and vomiting from chemotherapy and radiation treatment as well as palliative treatment of various cancers and HIV/AIDS. Based on its therapeutic potential and federally legal status, Dixie and Medical Marijuana, Inc., estimate the medical cannabinoid market in the US to be well over $30 billion. The Company intends to begin production of the CBD-based gum, and in states where legally allowed a THC-infused product, within the next 90 days.

Vatic Ventures Corp (TSX-Venture:VCV) announced that it has engaged Coffey Mining for the initial 43-101 the La Silla property in Mexico.

The property is located some 65 kilometers north of Mazatlan in the State of Sinaloa and encompasses about 14,500 hectares. It is part of the Trans Mexican Volcanic Belt, which hosts numerous world class gold and silver deposits such as the San Dimas Mine of Primero Gold , 75 kilometers to the east, and the Cienega mine of Fresnillo, 115 kilometers to the northeast. Vatic recently signed a Definitive Agreement with Minera Meridian for the acquisition of this property.

————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.

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http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.

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