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OTCPicks.com: Daily Market Movers Digest Stock Alerts, Tuesday, October 18th, VMHVF, GFPE, LLLI, NWPO, WTVN, UPDA

Oct 18, 2005 (M2 PRESSWIRE via COMTEX) -- Today our stock watch alerts today include Featured Profile for VideoMovieHouse.com (OTCBB: VMHVF), Gulf Petroleum Exchange, Inc. (OTC: GFPE) and stock alerts for Lamperd Less Lethal, Inc. (OTCBB: LLLI), Newport International Group (OTCBB:NWPO), Wi-Fi TV, Inc. (OTC: WTVN), Universal Property Development and Acquisition Corporation (OTCBB: UPDA).
FEATURED STOCK PROFILE

VIDEOMOVIEHOUSE.COM INC. (OTCBB: VMHVF)

Detailed Quote: http://www.otcpicks.com/quotes/VMHVF.php

View Company Profile: http://www.otcpicks.com/profiles/vmhvf/index.php

Videomoviehouse.com, Inc. (OTCBB: VMHVF) is a rising star in the VHS and DVD movie Internet sales and online subscription rental markets. The company sells and rents video DVD's through it web site www.videomoviehouse.com, and also is one of the largest video retailers on Amazon.com, Ebay.com, and Half.com.

INVESTOR HIGHLIGHTS:

1. Largest 3rd party DVD seller on Amazon.com, Ebay and Half.com

2. More than 60,000 DVD titles in their catalog and still growing.

3. Recently announced its entrance into the 8 Billion dollar DVD rental market offering online DVD rental services similar to NetFlix and Blockbuster Video.

4. Announced an Affiliate Program in July targeted at fund raising organizations. The company is busy signing up new affiliates who are in turn signing up new VMH online DVD rental subscribers. As their affiliate program grows, so will their online DVD video rental business.

5. One of the largest Canadian DVD resellers and has goal to be #1 in Canada in online DVD rentals very soon, a market where NetFlix and Blockbuster do not play.

6. A significant portion of their DVD sales revenue is for international sales. They sell a lot of DVD in the UK, and have recently announced a new web site VideoMovieHouse.in which is targeted at DVD sales in India. The Indian market is largely english speaking and has very few options to purchase US movies. VideoMovieHouse.in sells US movies which it ships to Indian customers and they can make their purchases using the Rupee currency.

7. VideoMovieHouse.com recently signed an MOU to acquire DVD Marketplace.com, an established online DVD retailer. This acquisition provide both a web business as well as a flexible software e-commerce platform for the creation of other online retail sites with strong support for 3rd party merchants. This is a software platform that can allow the company to open many different web sites targeting various vertical markets, countries, languages and currencies. It is much like Amazon's software platform in that it is built to allow third party vendors to sell all types of products through the platform. Web sites that could be built from this could include sites that feature everything from electronics, to books, to appliances, to entertainment offerings, and more.

VMHVF News:

October 17 - VideoMovieHouse.com Announces Record Annual Sales of $3,600,000 for Fiscal Year 2005 -- a Year Over Year Increase of 153%

Steve Gaspar, President of VMH VideoMovieHouse.com Inc. (OTC BB: VMHVF), is pleased to announce that VideoMovieHouse.com experienced a year over year increase of 153% in sales growth during 2005. According to Mr. Gaspar, virtually all of the growth in 2005 was due to an increase in domestic sales. "In the upcoming year I not only see similar growth on the domestic sales front but our other endeavours should begin bearing fruit as well. Revenues from monthly DVD rental subsciption fees, sales of DVDs and other video products into the Indian marketplace, plus fees which we expect to collect from merchants selling on our soon-to-be-launched 3rd-party Marketplace sales platforms, should add dramatically to next year's total overall revenue," added Mr. Gaspar.

VideoMovieHouse.com recently entered the online DVD rental market in North America, an area that has seen significant success by NFLX and BBI. The company plans to launch new websites allowing other sellers to market their products worldwide in a similar fashion to the Amazon.com, Half.com and Rediff.com marketplace formats. The company also recently signed a worldwide disribution agreement with Columbia Films to market that company's line of Tamil Indian Films worldwide. In addition, the company announced on Sept. 15, 2005, its plans to acquire www.dvdmarketplace.com, an established online DVD retailer offering entertainment products for sale from third-party merchants in the USA.

FEATURED STOCK PROFILE

GULF PETROLEUM EXCHANGE, INC. (OTC: GFPE) "Up 66.66% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/GFPE.php

View Company Profile: http://www.otcpicks.com/profiles/gfpe/index.php

The founder and current president of Gulf Petroleum, Warren (Skip) Wheeler, has over 45 years' experience in drilling, production, refining and upstream sales sectors of the oil industry, and organized Gulf Petroleum Exchange in 1997 as a fuel and crude oil trading and brokering company. However, due to the precipitous decline in oil prices in late 1997, the company began utilizing the acquired knowledge of its president to perform on-site demulsification and reclamation of non-hazardous industrial and oilfield waste hydrocarbons and selling the resultant products into the appropriate markets, i.e. industrial fuel oil, crude oil etc.

Gulf Petroleum's goal is clear and straightforward, which is: determination to build a profitable company with a high revenue dollar per employee per barrel sold. To accomplish this requires engaging top-of-the-line people and outsourcing as much of the mundane as possible. Our motto is "Do a lot with a little"

Recent Announcements:

1. Gulf Petroleum Exchange, Inc. and Jeanblanc International Inc., a developer of a proprietary hydrocarbon desulfurization process, have entered into an agreement in which Gulf Petroleum will design the internal equipment of the desulfurizing plant for the separation of sulfur compounds from the hydrocarbons. Gulf Petroleum and Jeanblanc signed a 5-year evergreen contract. The contract is for the internal design, construction and management of the desulfurization plants for Petroleos Mexicanos (Mexican National Oil Company - PEMEX).

2. Gulf Petroleum Exchange, Inc. announced they have entered a Joint Venture agreement to Drill 5 Oil Wells at a time with Smith Oil Co. Smith Oil Co. is a 40-year-old oil production company, producing on 3,000 Contiguous Acres in the Illinois Basin (Western Kentucky Region). The Illinois Basin extends from central western Indiana through southern Illinois into western Kentucky and is historically a prolific oil and gas producing area; it has several oil-bearing formations that produce crude oil and gas as shallow as 250 feet. Recent calculations indicate that remaining recoverable resources in the Illinois Basin may be as much as 4.1 billion barrels. Thus, large quantities of oil, potentially recoverable using current technology, remain in the Illinois Basin oil fields.

OTC STOCK ALERTS

LAMPERD LESS LETHAL, INC. (OTCBB: LLLI) "Up 17.14% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/LLLI.php

Founded in 1994, Lamperd Less Lethal is a multi-national supplier of less-lethal weapons and safety equipment to police, government, and military agencies. It currently manufactures more than 250 different products ranging from body protective gear to blunt impact weapons systems. These weapon systems are being positioned in the market as the newest generation of less-lethal weapons suitable for use in a wide range of challenging circumstances, including urban warfare, counter-terrorism, law enforcement, and public security. Lamperd Less Lethal is a certified supplier of law enforcement products for the USA, Canada, and NATO.

NEWPORT INTERNATIONAL GROUP, INC. (OTCBB: NWPO) "Up 13.01% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/NWPO.php

Newport International Group (OTCBB:NWPO) is dedicated to leveling the digital playing field for small- and medium-sized companies. Its two subsidiaries provide digital tools and services that are as powerful as those available to large enterprises, but are designed and developed so that technical skills aren't needed to use or manage them. The company has headquarters in Palm Desert, with technology development in Phoenix. More information is available at www.nwpo.biz.

NWPO News:

October 17 - Newport International Group Hires Former Dell Product and Business Development Manager as COO of Its Spare Backup Subsidiary

Newport International Group (OTCBB: NWPO) announced today the hiring of Greg Rusu as Chief Operating Officer of its Spare Backup Inc. subsidiary. Mr. Rusu was most recently Manager of Product/Business Development at Dell, where for the past 5 years his responsibilities included creating product roadmaps, deploying support services and creating departmental efficiencies to reduce operating costs. While at Dell, he created revenue producing opportunities within support and was responsible for generating significant annualized revenue from proof of concept testing. Prior to his employment at Dell, Mr. Rusu spent 10 years at Advanced Micro Devices where he managed corporate alliances with companies including Oracle, Computer Associates, Hewlett Packard and Red Hat. While at AMD, he focused on building market share for several of the AMD Athlon family of products and also led strategy, preparation and logistics for inter-company executive alignment and PR communications.

Commenting on this hiring, Cery Perle, CEO of Newport International Group, Inc. stated, "We are extremely pleased to add Greg to our senior management team at Spare. His operational expertise in product deployment, coupled with his extensive experience in OEM relationship building will be a key factor in helping Spare build its product line. Greg's understanding of cost effective brand building and customer support structuring will no doubt prove to be invaluable to the Spare team of professionals."

On his joining the company, Greg Rusu stated, "Throughout my career in product development, there have been numerous opportunities for me to leave the corporate giants and take the reigns of a small technology rich company and I have chosen to pass on every opportunity until Spare. The product line, the people and the opportunity were just too much to pass up and I am looking forward to making Spare the default solution for backup and data migration needs."

The Spare Backup Solution

Spare is a fully automated remote backup solution. It starts by scanning a user's hard drive, including the desktop and e-mail programs, for files and the application components necessary to produce an exact replica of the original. Then it transports the data, including new and revised files, daily to twin data centers on both U.S. coasts. Files are triple-encrypted and users can access them from any broadband, Web-connected computer anywhere. For more information and a free fourteen day trial visit http://www.sparebackup.com.

About Spare Backup Inc.

Spare Backup Inc., a subsidiary of Newport International Group, is the developer of Spare Backup service, the first online backup service specifically designed for small business and home business users.

WI-FI TV, INC. (OTC: WTVN) "Up 20% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/WTVN.php

Wi-Fi TV, Inc. offers free local, long distance, and global telephone service with its Wi-Fi TV virtual dialer and 200 free one-click Wi-Fi TV content channels at www.Wi-FiTV.com. Wi-Fi TV, Inc. (www.wi-fitv.com) (www.cinemapop.com) has a history of innovation in online content delivery and plans to quantify the value of this unique experience now that high-speed Internet delivery is becoming available to millions of consumers around the world. Wi-Fi TV draws on the latest IPTV technology and 10 years of experience in the delivery of video over the Internet in launching its new service.

UNIVERSAL PROPERTY DEVELOPMENT & ACQUISITION CORP (OTCBB: UPDA) "Up 25.38% on Monday"

Detailed Quote: http://www.otcpicks.com/quotes/UPDA.php

Universal Property Development and Acquisition Corporation (OTCBB: UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.

UPDA News:

October 17 - UPDA Reports to Its Shareholders

In order to better communicate with its shareholders and interested investors, the board and management of UPDA (OTCBB:UPDA) will periodically report on the progress and state of the company. The following is the first of those reports.

On the operational side: UPDA completed its restructuring on July 11, 2005. Since then, it has entered into two oil and gas joint ventures. The first of these ventures is Canyon Creek Oil and Gas, Inc. (CCOG), in the state of Texas, and the second is West Oil and Gas, Inc. (West), in Utah.

CCOG is a joint venture with USProduction and Exploration, LLC (USPX). UPDA initially provided funding for the work-over of oil and gas wells on three properties and 2000 acres. Since then, UPDA funded the acquisition of four additional oil and gas properties, which increased the reserves of CCOG from $35 million to close to $200 million according to in-house estimates. The CCOG Coleman field is in partial production in both oil and gas since the last week of September and the work-over is being carried out on most of the other fields. As a result of UPDA's increased investment, its stake in CCOG will be increased to sixty five percent (65%).

West, a joint venture with Dark Horse Exploration and the Masaood Group USA, was signed in early October and consists of 4000 acres with six existing wells. As previously reported, this property contains reserves conservatively valued at approximately $500 million according to a proven reserve study. Work-over on one well has been completed and is in progress on the others. The Masaood Group USA will provide the necessary funding for the remaining work-over and the additional drilling of eighty (80) wells. UPDA controls sixty percent (60%) of West.

On Fiscal issues: The Board has been able to reduce the debt that was carried on the UPDA books by converting most of it to restricted equities. In addition, through an amended investment agreement, the chairman had provided UPDA with preferred securities valued at one million dollars and reduced the amount of outstanding common stock by over 1.4 million shares. This transaction was reported on the last 8-K that was filed October 10, 2005. These actions have improved the UPDA balance sheet and created shareholders' equity.

On Human Resources matters: In an effort to build a competent team to better serve the interests of the shareholders, the UPDA board is considering the engagement of two oil and gas specialists. The first is a field professional that will be retained to periodically inspect the expanding inventory of wells and report to the management on production issues. The second is a certified oil and gas geologist who will assist the board on future acquisitions. An office manager is also being interviewed in order to account for the revenues that will soon be reported.

On Real Estate projects: The UPDA board voted to disengage from all real estate transactions and to assign or transfer any transaction that had been in progress. This includes the Brathanhl building in Cleveland, the 600 Acres in Reno, the 42 acres in Florida and the Tucker project in Atlanta. As a result of these actions, UPDA will be able to focus its efforts and capital on the many oil and gas opportunities under consideration.

The Board of Directors of UPDA is committed to building and growing this company in the energy sector. As demonstrated by the progress of the past three months, UPDA is attaining its goals through the formation of Joint Ventures with energy partners and by expanding its existing joint ventures. UPDA will continue to strive to create and enhance its shareholders' value.

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