Pre-Market Stock News Alerts : OTCBB

November 12, 2008 - TheSUBWAY.com - Pre-Market Stock News Alerts : OTCBB

W2 Energy Inc. (PINKSHEETS: WTWO), Cord Blood America, Inc. (OTC Bulletin Board: CBAI), SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG), MicroIslet Inc. (OTCBB: MIIS), Quest Minerals & Mining Corp. (OTCBB: QMLM), Itronics Inc. (OTCBB: ITRO), Colorado Goldfields Inc. (OTCBB: CGFI), Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM), Propalms, Inc. (OTCBB: PRPM), Innovative Food Holdings, Inc. (OTCBB: IVFH), Favrille, Inc. (OTC Bulletin Board: FVRL)

W2 Energy Inc. (PINKSHEETS: WTWO), a developer of green energy, is pleased to announce it will build a commercial unit of its rotary hydrogen engine to run on steam. The engine based on US patent number 5,720,251 is being modified to run on low pressure steam recovered from W2 Energy’s biomass to liquid fuel plants. The company will also couple the engine to various generators to build a low cost solution to waste heat recovery applications.

“We have developed a unique set of biomass-to-energy technologies. But one of the missing pieces has been efficient production of electricity,” says Mike McLaren, CEO of W2 Energy. “Most of the small steam turbines convert approximately 30% of the heat energy into electricity. We thought we could do better. We anticipate 80-90 percent conversion efficiencies with this new turbine.”

W2 Energy has developed a biomass-to-energy plant which converts 4 tons per day of tires, municipal solid waste, plastics or coal into a minimum of 420 gallons per day of a blend of liquid hydrocarbons, including ultra low sulphur diesel, gasoline, naptha and industrial waxes.

The first model of W2 Energy’s high efficiency steam turbine will be used to power the 4 ton / day plant and to provide electricity to be sold back to the grid, from these 4 ton / day plants. The steam turbine which will mate to the 4 ton / day unit will generate 500 Kw continuous.

“We are not first and foremost a turbine manufacturer. But necessity being the mother of invention, we are developing this new kind of steam turbine so that we can make the best quality biomass-to-energy plant,” says Mike McLaren. “In the end, we may be developing a whole new business sector for W2 Energy. That would be fine.”

W2 Energy will also be building biomass-to-energy plants in larger sizes, up to 1500 tons per day, and will be developing this ultra-efficient steam turbine design for all of their biomass-to-energy plants.

“We are in the green energy business, and whether we are increasing efficiencies in the biomass reactor, in the gas-to-liquid reactor, or in the steam turbine, we are still fulfilling our mission of producing the cleanest, most efficiently produced energy in the world,” says Mike McLaren. “That’s what gets us excited.”

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Cord Blood America, Inc. (OTC Bulletin Board: CBAI), the umbilical cord blood stem cell preservation company focused on bringing the life saving potential of stem cells to families nationwide and internationally, said on 11-11-08, that the stem cell industry is surging with the news that President-elect Barack Obama intends to use his executive authority to reverse current policies barring certain stem cell research funded by the Federal government.

SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) is pleased to announce that its CEO and President, Michael Metter, will be interviewed on 11-11-08, on Steve Crowley’s American Scene Radio Show at 9:24 a.m. EST. The interview can be heard live on BusinessTalkRadioNetwork(R) affiliate radio stations streamed on its website, www.businesstalkradio.net. You can find local radio stations by accessing the website, as well. Mr. Metter will be scheduled for future interviews on American Scene, where he will keep listeners updated on SpongeTech(R)’s products and developments.

MicroIslet Inc. (OTCBB: MIIS), a biotechnology company engaged in the development and commercialization of cell therapies for diabetes, on 11-10-08, announced that it filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company plans to continue operating the business without interruption as management focuses on developing and executing on a corporate restructuring plan.

Quest Minerals & Mining Corp. (OTCBB: QMLM) (Frankfurt: QMNA), a Kentucky based operator of energy and mineral related properties, on 11-11-08,  announced that a web service called “The Street Alert” found at www.thestreetalert.com now supplies information to the general public about Quest Minerals & Mining Corp.

Itronics Inc. (OTCBB: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that its wholly-owned subsidiary, Itronics Metallurgical, Inc., is working to increase its silver refining capacity in two stages, from 24,000 troy ounces per year to 2.4 million troy ounces annually, a 100 times increase. Production at capacity with $10 per troy ounce silver would increase silver sales from $240,000 per year to $24 million.

Colorado Goldfields Inc. (OTCBB: CGFI) announces the results of NITON XRF analyses of select interval core samples from the Company’s Gold King Mine property. The results of the NITON XRF analysis confirm that mineralization from Gold King B Vein contains gold grades ranging from .28 - 3.39 oz/ton, and silver grades of 1.46 - 30.97 oz/ton.

Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) announced that in response to the sharp reduction in demand and price for molybdenum worldwide, the Ashdown molybdenum mine in Humboldt County, Nevada has been placed on care and maintenance with a significant reduction in force until further notice.

Propalms, Inc. (OTCBB: PRPM) is pleased to announce that the Company has expanded its clientele by providing Terminal Services Edition (TSE) software licenses to Dusit International, a proprietor of 22 luxury hotels in five countries. The new contract was facilitated by Propalms’ Thailand distributor, Toyota Thailand Network Integration Co., Ltd. The contract will provide Propalms’ TSE software solution to Dusit so it will be able to manage its computer applications in a more efficient and cost effective manner.

Innovative Food Holdings, Inc. (OTCBB: IVFH), a provider of the highest quality gourmet food products to Professional chefs throughout the United States, today announced its third quarter financial results for the quarter ending Sept 30, 2008. Innovative Food Holdings reported total revenues of $1.79 million for the third quarter of fiscal year 2008, an increase of 15% from the $1.55 million in revenues for the third quarter of 2007.

Favrille, Inc. (OTC Bulletin Board: FVRL) and MyMedicalRecords.com, Inc. (”MMR”), a pure-play health information company focused on secure Web-based storage of electronic Personal Health Records (PHRs), announced on 11-10-08, the signing of a definitive merger agreement. The merged company will be focused on continuing to build and develop the MyMedicalRecords.com brand as the premier online PHR for consumers and health care professionals.

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