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BQI), (Nasdaq:SUNW), (Nasdaq: LVLT), (OTCBB:MENV)
6/8/2007

Jun 08, 2007 (M2 PRESSWIRE via COMTEX News Network) --
TraderGains reports news on Oilsands Quest Inc. (Amex: BQI), Sun Microsystems (Nasdaq:SUNW), Level 3 Communications (Nasdaq: LVLT), Micron Enviro Systems, Inc.'s (OTCBB: MENV) and more on http://www.TraderGains.com.

Oilsands Quest Inc. (Amex: BQI) reports on Jun 07 a high level of activity on its oil sands exploration permits in northwest Saskatchewan, where current field activities are focused on geophysical programs and environmental studies. "We have just completed a significant seismic survey, and we have initiated an extensive airborne magnetic survey program," said Christopher H. Hopkins, President and CEO of Oilsands Quest. "Subject to regulatory approval, we plan to continue with more seismic and drilling throughout the summer. Equally important, in preparation for potential commercialization, we have launched a major program of baseline environmental studies." Field activities update: On May 8, permits were granted by the Saskatchewan Government for the continuation and expansion of 2-D seismic surveys. Since then, approximately 60 kilometres (37 miles) of seismic have been completed, primarily along the main road from Provincial Highway 955 to the site of Oilsands Quest's base camp. The company plans to continue to undertake seismic work, including 3-D seismic surveys. Over 160 kilometres (100 miles) of seismic were run during the winter 2006/07 exploration program. Subject to approval, the company also plans to conduct additional seismic surveys on its Alberta permits which are immediately west of its Saskatchewan permits. Last week, two fixed-wing aircraft began a high-resolution, intensive 21,000-kilometre (13,000-mile) airborne magnetic survey program within the company's Saskatchewan permit lands, building further on the 850 kilometres (530 miles) of airborne surveys made this past winter. During the past two months since completion of winter drilling operations, Oilsands Quest's base camp has hosted a daily work force of up to 55 people involved in a variety of field program activities.

Baseline environmental studies initiated: Environmental activities, which include environmental monitoring on an ongoing basis, have escalated dramatically this summer to include a comprehensive, $4 million program of baseline environmental studies. This program, which is integral to the timeline for potential project development, began in early April and will continue through the summer and fall. Involving approximately 16 environmental disciplines and 40 to 50 people in the field, the baseline studies are focusing on such topics as water and air quality, hydrogeology, fisheries, soils and terrain, vegetation, wildlife, biodiversity, and traditional land use and ecological knowledge.

Pre-commercialization studies advancing: In tandem with field operations, Oilsands Quest is also advancing the pre-commercialization evaluation studies of its Axe Lake Discovery. Dr. Erdal Yildirim, Executive Vice President, Project Development, said, "We are working with industry-leading specialists and participating in the evaluation of a number of alternative production methods expected to optimize recovery for our reservoir, as well as finalizing the timelines for the Axe Lake in-situ bitumen recovery field pilot." Technical office opened in Calgary : In early May, the company opened a technical facility in the light industrial area of northeast Calgary for its growing geological and engineering staff. At the present time, Oilsands Quest has 23 employees. Oilsands Quest Inc. is building long-term shareholder value through exploration of its oil sands permits in Saskatchewan and Alberta. The company has initiated pre-commercialization studies for its Axe Lake Discovery, placing it at the forefront of the development of an oil sands industry in the province of Saskatchewan.

Stock Price: 2.53, down -0.39% on 1,373,100 shares traded.

Technology company Sun Microsystems (Nasdaq:SUNW) launched on Thursday (7 June) the Sun Secure Data Retrieval Server (SDRS) to help communications service providers address the EU Data Retention Directive requirements with a secure end-to-end solution. According to the company, Sun SDRS has been designed as an end-to-end 'plug-and-comply' appliance solution. Powered by 'Live Archive' technology from CopperEye, a provider of enterprise search software, SDRS addresses not only the secure retention and life cycle of communications data but also the business processes by which this data is rapidly retrieved and securely disclosed, as defined in the EU directive. Sun's approach reportedly gives communication providers a complete, open standards-based solution secured through Sun's Solaris Operating System and the Sun Secure Global Desktop Software. The Sun Fire X4500 server, on which the solution is based, delivers the high performance of a four-way x64 server with the highest storage density available, up to 24Tb in 7in of rack space. In addition, SDRS uses 15 times less energy than other solutions in the market today, while retrieving data 20 times faster, the company claims.

Stock price: 4.98, Up+0.20% on 20,735,741 shares traded.

Level 3 Communications (Nasdaq: LVLT), a communications company and a provider of the Internet, announced on Thursday (7 June) that Level 3 Communications' Business Markets Group has been selected to be the exclusive network provider for Wall Street West, an initiative to provide back-up systems to New York City's financial institutions. Wall Street West is a USD40m initiative involving a variety of federal, state and private funding sources, including a USD15m investment from the Federal government through the Workforce Innovation Regional Economic Development (WIRED) programme. It will include network infrastructure and services between the two regions of New York City and North-Eastern Pennsylvania, a workforce development programme, and other financial incentives. Under the terms of the agreement between Level 3 Communications and Ben Franklin Technology Partners, fiscal agent for the Wall Street West initiative, Level 3 will construct a diverse fibre optic network from New York City to North-eastern Pennsylvania. The company said that the network will be designed to meet specific requirements for business continuity and disaster recovery applications to protect critical financial information in the event of an outage in the New York City area. The network construction is targeted to begin over the next 12 months. Financial details of the agreement were not disclosed.

Stock Price: 5.55, down-0.36% on 9,798,940 shares traded Micron Enviro Systems, Inc.'s (OTCBB: MENV) (Frankfurt Stock Exchange: NDDA --- WKN:A0J3PY---ISIN: US59510E2072) wishes to announce that it is currently evaluating additional Alberta Oil Sands prospects. A final decision on any of these potential new acquisitions is anticipated shortly.

Bernard McDougall, President of Micron stated "This is a great time to be in the Alberta Oil Sands. The price of oil continues to trade near the high end of historic prices and we have now started to see a significant amount of attention and acquisitions being completed by major international companies within the Alberta Oil Sands. Micron plans to continue to build the Alberta Oil Sands assets of the Company, as management feels that area of focus will provide the largest potential growth to the Company and to enhance shareholder value. We have been extremely active in 2007 on completing new acquisitions in the Alberta Oil Sands, and based on our ability to acquire new leases, management is confident that additional quality leases will be acquired in the future. The Company recently achieved oil saturation levels on the Leismer Oil Sands Prospect that were as high as 94.8%. This Leismer prospect lies directly between and contiguous to Petrobank and North American Oil Sands, which was recently purchased for approximately $1.9 billion by Statoil of Norway. It is apparent that the major oil companies throughout the world feel that Oil Sands companies may be undervalued with oil prices at these levels, especially in the light of geopolitical issues in the Middle East, Venezuela, Nigeria and Russia. The Alberta Oil Sands are one of the only regions in the world that is increasing its oil production and is in one of the most politically and economically safe countries on earth. It would not be surprising to management to see additional consolidation in the Oil Sands." Micron is an emerging oil and gas company that now has exposure to eight separate leases consisting of interests in 24.5 gross sections (15,500 acres) in the Oil Sands of Alberta, Canada, which is one of the largest oil producing regions in the world. Micron holds 100% interest in 4 sections, 50% interest in 16 other sections, and has a 4.17 % net interest in the 4.5 additional Oil Sands sections. Micron also has minor production from multiple conventional oil and gas wells throughout North America. Micron's goal is to become a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. Management continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects. This is quite an enviable position for a company of Micron's modest market capitalization, and therefore Micron offers tremendous leverage to one of the world's largest oil resources. Please visit our website for detailed maps of the locations of Micron's prospects at www.micronenviro.com.