Replies to post #116 on BIO-Genex Laboratories Inc (BGNX)

[gail]

i lost 800 bucks on it, bought it back at .04, tried to sell at .01 when sales went over me at .02 .03, so i tried .001, no sell, then i hit market.. my 20k shares i paid .04 went for .0001 just to get that off my screen. i was upset. but i have the divy for what its worth.

[Jim Bishop]

Here's why, today's news:

New PROL Team Discovered An Isle In The Philippines Very Rich With Coal, Crud
Oil & Other Alternative Energy; Joint Ventures with Land Claimants, Philippines
Royal & Alternative Energy Announces ( BusinessWire )

MANILA, Philippines, Sep 18, 2007 (BUSINESS WIRE) --
Philippines Royal Oil & Alternative Energy Co., Inc. (OTC:PROL),
previously Philippines Gold Mining Corporation (Old OTC Symbol:PGMC),
announces that it had sealed a joint venture agreement with the local
ancestral land claimant and owner of one of the Philippine Isle,
containing rich coal, carbon, crude oil, potential alternative energy
resources and other biofuels.

On Sept. 11, the new management team of PROL visited the small
island, south of Manila, met with the small scale miners and
owner-claimant, finalized an agreement to do further verifications,
feasibility studies, explorations and developments. The PHILOIL Team
is fast tracking the necessary documentations this week so that the
PHILOIL Team will start operating and marketing the products from that
isle of black gold (coal, carbon, crude oil, etc.) as soon as
possible.

Philippines Royal Oil & Alternative Energy Co., Inc., commonly
known as PHILOIL also announces the appointment of the new management
for the new PROL Team: Jason Piamonte is appointed as the new CEO;
Engr. Ricardo Bernardo as President/ Chief Operating Officer, Randolf
Villanueva, Vice-President and Marketing Director, Ariel Caleon,
Corporate Secretary and Public Relation Officer and Arnel Morilla,
Chief Financial Officer. Alice Navas in interim is acting as the PROL
Investor Relation. The company also hired the services of AGN
Associates & Stock Transfer Services, LLC to handle all the transfer
agency of Philippines Royal Oil & Alternative Energy Co., Inc. (PROL).

"It is the vision and mission of the new management team of PROL
to materialize the explorations and developments of the coal products
and other energy from that small island. It is also our objective to
market immediately the coal and carbon produced, then to design a new
steam power plant utilizing the rich coal resources thus providing
immediate revenue for the company within 45 days after the final
verifications of the presence of this coal reserves. We also intend to
explore other products such as the presence of crude oil, use of copra
products, and other biofuels reserves in that island!" stated
President/COO Ricardo Bernardo.

FORWARD STATEMENTS;

Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements in this release
include statements regarding the Company's projections regarding gold
production in future periods. Factors that could cause actual results
to differ materially from anticipated results include risks and
uncertainties such as: risks relating to estimates of reserves,
mineral deposits and production costs; mining and development risks;
the risk of commodity price fluctuations; political and regulatory
risks; risks of obtaining required operating permits and other risks
and uncertainties. Penny Stocks are very highly speculative and may be
unsuitable for all but very aggressive investors. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.

SOURCE: Philippines Royal Oil & Alternative Energy Co., Inc.
Philippines Royal Oil & Alternative Energy Co., Inc.
(Formerly Philippines Gold Mining Corp.)
Investor Relations:
Alice Navas, 678-570-6538 (USA)
Fax: [phone]
[e-mail]
www.philippinesroyaloil.com
Copyright Business Wire 2007
*** end of story ***