GrowthStockAlert.net: VIASPACE Reports on Progress Pursuing Security and Fuel Cell Opportunities and Comments on Research Analyst Upgrade
Feb 05, 2007 (M2 PRESSWIRE via COMTEX) -- Stocks to Watch: VIASPACE Inc. (OTCBB: VSPC), Delta Air Lines, Inc (PinkSheets:DALRQ), FTS Group, Inc (OTCBB: FLIP), Maverick Energy Group, LTD (PinkSheets: MKGP), Advanced Plant Pharmaceuticals (OTCBB: APPI) Featured Stock: VIASPACE Inc.
(OTCBB: VSPC) Current Price (0.59) www.GrowthStockAlert.net
VIASPACE Reports on Progress Pursuing Security and Fuel Cell Opportunities and Comments on Research Analyst Upgrade Wednesday January 31, 4:20 pm ET PASADENA, Calif., Jan. 31 -- VIASPACE Inc. (OTC Bulletin Board: VSPC - News), a company commercializing proven technologies from NASA and the US Department of Defense, today provided a business update on several key developments that the company believes position it for growth in the security/defense and fuel cell sectors. VIASPACE has achieved strong revenue results, executed a teaming agreement with Raytheon Company's Network Centric Systems, established a leadership role in the emerging direct methanol fuel cell cartridge market, received an upgraded rating from analyst firm Dutton Associates, obtained several key government contracts and strengthened its intellectual property portfolio.
Earlier this week, research analyst firm Dutton Associates announced an upgrade to both its rating and revenue estimates for VIASPACE. Citing VIASPACE's better than expected revenues, and the accelerating interest surrounding the use of portable fuel cells in consumer electronics among the large OEMs, Dutton Associates reported: "We upgrade our rating on VIASPACE Inc. from Neutral to Speculative Buy. Also, we are upgrading our 2006E and 2007E revenue estimates as the Company should see momentum following the recent agreements with Raytheon and L-3 Communications." VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) focuses on producing and distributing methanol fuel cartridges designed to provide the energy source for laptop computers, cell phones and other portable electronic devices expected to be powered by direct methanol fuel cells. DMFCC also uses its licensed intellectual property rights to provide intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells. ABI Research predicts that 13.5% of laptops will run on fuel cells by 2012. Recently major OEMs including Samsung, Toshiba and Hitachi have announced methanol-powered products. Samsung recently announced a fuel cell-powered notebook that can run five hours a day for one month on a single fill-up. DMFCC is establishing a global network of partners to manufacture and distribute its fuel cartridges with design and certified manufacturer agreements in place with Nypro Inc. in the United States, Elentec, SMC and Hyun Won in Korea, and Seed Corporation/Sato Group in Japan. In addition, the company will demonstrate its fuel cartridges working with a direct methanol fuel cell made by Parker Hannifin at the Fuel Cell Expo in Tokyo February 7-9.
VIASPACE and Raytheon NCS recently executed a teaming agreement that will include collaboration on sensor and data fusion and real-time diagnostic solutions for homeland security and national defense applications. This strategic agreement will enable both companies to jointly pursue new and emerging security applications built around the real-time analysis of advanced sensor technologies. VIASPACE eagerly anticipates leveraging its own hardware and software expertise and proprietary technology along with Raytheon's exceptional marketing capabilities, technical expertise, global distribution channel and extensive customer base to deliver leading edge security and surveillance products.
As reported, VIASPACE has been awarded several government contracts, bolstering its position in the thriving security and defense industries. Subsidiary VIASPACE Security, whose name has been changed from Arroyo Sciences to reflect its business focus, holds a contract to provide sensor data fusion software to L-3 Communications for a US Department of Homeland Security program to enhance port security. In October 2006, VIASPACE subsidiary Ionfinity was awarded a Phase II STTR contract extension and additional funding by the US Air Force to develop, jointly with Aerospace Corp. and the NASA Jet Propulsion Laboratory, a soft ionization membrane to be used as a micro ion engine for micro and nano satellite station keeping. Ionfinity has also been awarded a Phase I STTR contract by the US Army to design and prototype a field portable, highly efficient, integrated system for detection and identification of chemical agents such as industrial toxic gases and chemical components of Improvised Explosive Devices (IEDs). In August 2006, Ionfinity received a Phase I STTR contract from the US Navy to develop a novel, miniaturized chemical sensor system capable of detecting chemical and biological weapons, explosives, and illegal drug residues in the holds and storage bays of suspect vessels.
VIASPACE continues to build on its impressive portfolio of patents representing groundbreaking government R&D and investment licensed from the California Institute of Technology, operator of NASA's Jet Propulsion Laboratory. Recently the company has filed several patent applications surrounding its methanol fuel cartridges, soft ionization membrane technology and automated threat detection system.
Dr. Carl Kukkonen, CEO of VIASPACE and its subsidiaries, commented: "VIASPACE is growing rapidly, making significant strides in our direct methanol fuel cell cartridge and security and defense businesses. After doubling revenue in 2006, we are working to at least double our revenue again this year. We have obtained substantial government contracts and forged relationships with major players including Raytheon and L-3 Communications. We are seeing noteworthy progress on the part of consumer electronics OEMs to commercialize fuel cell powered devices, which we believe validates our continued focus on becoming a leading supplier of direct methanol fuel cartridges. And we are expanding our considerable intellectual property portfolio. We are pleased that the analysts at Dutton Associates have recognized VIASPACE's most recent accomplishments and share our positive outlook." About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at www.VIASPACE.com, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
Source: VIASPACE Inc.
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Delta Air Lines, Inc (PinkSheets:DALRQ) Current Price (1.18) www.GrowthStockAlert.net ATLANTA, Jan. 16, 2007-- Delta Air Lines -- the world's leading airline in terms of destinations served -- is making it more affordable for customers to add new stamps to their passports with special low fares for summer travel to its newest trans-Atlantic destinations: Prague, Czech Republic; Vienna, Austria; and Dubai, United Arab Emirates Delta Air Lines, Inc., through its subsidiaries, operates as an air carrier in the United States and internationally. It provides scheduled air transportation for passengers and cargo. As of February 1, 2006, it operated 7,113 flights; and served 244 domestic cities in 46 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, as well as 70 international cities in 40 countries. It has alliances with various companies for providing airline services. The company was founded in 1924 and is headquartered in Atlanta, Georgia. The company and its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in September 2005. The company operates its business as debtor-in-possession.
FTS Group, Inc (OTCBB: FLIP) Current Price (0.03) www.GrowthStockAlert.net TAMPA, FL----Feb 1, 2007 -- FTS Group, Inc. (OTC BB:FLIP.OB - News), an acquisition and development Company operating in the wireless, technology and Internet space, today announced that its largest wholly owned satellite television subsidiary See World Satellites, Inc. expects to post a 35 to 38% increase in year-over-year top line sales for the month of January. FTS Group, Inc. engages in the acquisition and development of a chain of retail wireless stores in the United States. It also markets, sells, and activates cellular and satellite handsets and service plans; satellite television activations and installations; cellular accessories; and other related wireless products, such as Wi-Fi service and related access equipment for residential and business purposes. The company also owns and operates two Internet based e-commerce wireless businesses, which focus on renting and selling satellite wireless products and services to retail and business customers; and markets and distributes wireless accessories, products, and content, such as custom MP3 ring tones, wallpaper, and games primarily to retail and Internet customers. In addition, the company provides regional services for Dish Networks, Inc. The company offers its products through advertisement in local print publications, including daily newspapers and weekly publications; and advertisement on the Internet, Radio, and in flyers. As of March 1, 2006, the company operated 9 retail wireless locations in Florida. The company was organized in 1997 as Full Tilt Sports, Inc. and changed its name to FTS Apparel, Inc. in 2000. Further, it changed name to FTS Group, Inc. in 2004. FTS Group is headquartered in Tampa, Florida.
Maverick Energy Group, LTD (PinkSheets: MKGP) Current Price (0.06) www.GrowthStockAlert.net SAN ANTONIO, TX----Feb 1, 2007 -- Maverick Energy Group, LTD (Other OTC:MKGP.PK - News) (Maverick), a member of Z2, LLC, is pleased to announce the completion of negotiations and signing of a gas contract with a first purchaser at the "Big Foot Field" in Texas. It is projected that gas will begin being sold within the next 30 to 60 days. Preliminary tests indicate the field could deliver between 300 and 500 MCFs per day to the first purchaser. The construction and repair of the gathering system in the field are part of the operations planned by Maverick, as a member of Z2, with funding from the $40,000,000 Advancing Credit Facility which Z2 closed with Gasrock Capital, LLC in August of 2006.
Advanced Plant Pharmaceuticals (OTCBB: APPI) Current Price (0.0043) www.GrowthStockAlert.net DALLAS----Advanced Plant Pharmaceuticals (OTCBB:APPI - News) has been rated "Speculative Buy" with a target price of $0.06 by Beacon Equity Research Analyst Dr. Victor Sula. Advanced Plant Pharmaceuticals, Inc. (APPI) has focused on the research and development of whole plant-based nutritionals. The company has a composition-oriented patent for a proprietary process of utilizing whole plants to safely manufacture all-natural nutritional supplements. APPI markets and distributes its line of products including Lo-Chol(tm) worldwide through various sales distribution channels. The company is currently in the initial stages of shifting its business plan to enter the rapidly growing renewable energy market.
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********************************************************************** As of Thursday, 02-01-2007 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 05-01-2006 for VSPC @ $1.10.
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