Turning Pennies into dollars: (OTCBB: QMNM), (OTCBB: EPTI), (OTC: MILL), (OTC: PINR), (OTC: LTDI).
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QUEST MINERALS & MINING CORPORATION (OTCBB: QMNM)
Quest Minerals & Mining Corp. engages in the acquisition and operation of energy and mineral related properties in the southeastern part of the United States. It owns leasehold interests in various coal properties in eastern Kentucky. The company was founded in 2003 and is based in Paterson, New Jersey.
QMNM News:
June 20 - Quest Minerals & Mining Announces Rapidly Approaching Production Phase
Quest Minerals & Mining Corp. (OTCBB: QMNM) (Frankfurt: QMNB.F), a Kentucky based operator of energy and mineral related properties, announced that it is diligently working to conclude their final stages of rehabilitation so that they can move into full production. The company is currently preparing to mine its Pond Creek location, held under its wholly owned subsidiary, Gwenco, Inc.
Eugene J. Chiaramonte, Jr., President of Quest Minerals and Mining Corp., stated, "I have spent many hours underground to ensure that we are mining as soon as possible. Despite some minor encounters related to equipment delays, our long awaited production phase is imminent. Pending any unaccountable obstacles, we expect to be ready for production within a week to two weeks. The company is eager to launch its $8 million contract fulfillment with Logan & Kanawha Co., LLC. We will provide continual updates as production incurs."
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ENSURAPET INCORPORATED (OTCBB: EPTI)
Ensurapet, Inc., a development stage company, provides pet health information services to pet owners, veterinarians, animal healthcare professionals, and pet service providers primarily in the United States and the United Kingdom. Its health information services include life and health insurance for pets, horses, and other companion animals through public online portals. The company offers online animal healthcare information, decision-support applications, communications services, and insurance applications that enables pet owners to obtain information on diseases or conditions, analyze symptoms, locate veterinarians, store their pet's healthcare information, receive periodic e-newsletter, and participate in online communities with pet owners and veterinarians. Its services also enable users to access clinical reference sources, learn about treatment options, and communicate with peers; and enables pet owners, veterinarians, insurance agents, and employer and employer/group organizations to provide employees and members with access to pet life and health insurance plans for companion animals. Its public portals include ensurapet.com; vetpetmd.com; purrfectpetclub.com; spotthepet.com; purrfectpetinsurance.com; and purrfecthorseinsurance.com. The company, formerly known as Vsurance, Inc., was founded in 2005 and is based in Santa Ana, California.
EPTI News:
June 20 - EnsurApet Announces 'Protect 4' Pet Health Insurance Plans
EnsurApet Becomes 1 of Only 3 Pet Health Insurance Providers Across the Entire Pet Health Insurance Industry to Offer Coverage for Medical and Preventive Treatments for Everyday Common Dog and Cat Illnesses
EnsurApet, Inc. (OTCBB: EPTI), a provider of pet health insurance, announced today that the Company's "Protect 4" Pet Health Insurance Plans offer dog and cat owners an insurance plan which provides coverage for preventive and medical treatments of common canine and feline illnesses.
The EnsurApet "Protect 4" plan provides the most coverage of any pet insurance plan in the marketplace today. The coverage includes vaccinations, dental cleaning, kitten boosters, puppy boosters, feline infectious peritonitis and feline leukemia as well as vaccines. The "Protect 4" Insurance Plan is a complete healthcare plan for preventive and major medical care.
"With over 141 Million dogs and cats in the United States alone and over 62% of all US households owning a pet there is clearly a demand for our Protect 4' Insurance Plans. EnsurApet is one of only three pet health insurance providers industry-wide to offer such coverage. This allows EnsurApet to rapidly expand its market share and to substantially increase the company's number of policy holders through joint venture projects with major pet retails across the country looking for ways to provide additional products to their customers," stated Russell Smith, CEO.
The Company's "Protect 4" policy covers the most common dog and cat illnesses including:
* Urinary Tract Infections. Commonly treated with Antibiotics.
* Upper Respiratory Infection (known as URI), which is very similar to the common cold in humans.
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MILLER PETROLEUM INCORPORATED (OTC: MILL)
Miller Petroleum, Inc. engages in oil and gas exploration, production, and related property management in the Appalachian region of eastern Tennessee and in the state of Texas. The company, through its subsidiary, Miller Pipeline Corporation, Inc., manages the construction and operation of the gathering system used to transport natural gas to market. It also sells rigs, oilfield trailers, compressors, and other miscellaneous oil and gas production equipment. The company has a joint venture agreement with Wind City Oil & Gas, LLC for oil and gas exploration, development, and exploitation of undeveloped wells. As of April 30, 2007, Miller Petroleum had proved developed producing reserves of 48,591 barrels of oil; and 624,404 thousand cubic feet of natural gas. It primarily serves refining companies, utility companies, and private industry end users. The company was founded in 1967. It was formerly known as Miller Contract Drilling, Inc. and changed its name to Miller Petroleum, Inc. in 1997. Miller Petroleum, Inc. is based in Huntsville, Tennessee.
MILL News:
June 20 - Miller Petroleum Partners with Atlas America for Gas Exploration and Drilling
Settles Claims with Wind City
Miller Petroleum, Inc. (OTC: MILL) announced that it had entered into a transaction with a subsidiary of Atlas Energy Resources, LLC (NYSE: ATN) whereby Miller has assigned to Atlas (i) a 100% working interest and 80% net revenue interest in its oil and gas leases comprising 27,620 acres in Koppers North and Koppers South in Campbell County, Tennessee; (ii) a 100% working interest in eight existing wells on the Koppers acreage; and (iii) a 100% working interest and 82.5% net revenue interest in oil and gas leases comprising of 1,952 acres adjacent to the Koppers acreage.
Deloy Miller, Chairman and Chief Executive Officer of Miller, said, "This is a momentous deal for Miller shareholders and a tremendous time to be in the oil and gas exploration and drilling business. We're very excited about the opportunity to partner with Atlas, which is one of the leading oil and gas exploration and drilling companies in the United States."
The agreement with Atlas also provides for Miller, at its option, to participate in up to ten wells to be drilled on the assigned acreage at up to a 25% working interest. In addition, Miller and Atlas entered into a two-year drilling contract, with Miller acquiring two rigs to drill wells for Atlas in Tennessee.
Miller and Atlas also entered into a natural gas transportation agreement; and a natural gas processing agreement pursuant to which Atlas will, for a fee, provide transportation and natural gas processing services to Miller and deliver back to Miller natural gas with a heating value of 1,100 BTUs per cubic foot.
Settlement with Wind City
Miller settled all claims in Tennessee and New York with Wind City Oil & Gas LLC and affiliates in exchange for a payment to Wind City of $10.6 million, Wind City and/or its affiliates returned to Miller all leases previously assigned by Miller as well as the 2,900,000 shares of Miller common stock previously issued to Wind City.
ABOUT ATLAS
Atlas Energy Resources, LLC develops and produces domestic natural gas and to a lesser extent, oil. Atlas Energy is one of the largest independent energy producers in the Appalachian Basin and northern Michigan. Atlas Energy sponsors and manages tax-advantaged investment partnerships, in which it co- invests, to finance the exploration and development of its acreage in the Appalachian Basin. Atlas Energy is active principally in Pennsylvania, Michigan and Tennessee. For more information, visit Atlas Energy's website at www.atlasenergyresources.com or contact Investor Relations at bbegley@atlasamerica.com.
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PINE RIDGE HOLDINGS INCORPORATED (OTC: PINR)
Pine Ridge specializes in the development and management of real estate projects. Pine Ridge currently manages Pine Ridge Racquet Club and owns Pine Ridge Fitness Club located in Fort Wayne, Indiana, a seven court, full service indoor tennis facility and Pine Ridge Fitness Club is a 12,000 square foot, premier fitness facility currently employing 35 people. In addition, the Company manages the tennis operations for Pine Valley Country Club, Fort Wayne, Indiana and a four court, indoor tennis facility in Warsaw, Indiana.
PINR News:
June 20 - Pine Ridge Holdings Announces Plan for Spin-Out
Pine Ridge Holdings, Inc. (OTC: PINR) CEO Kevin May announced spin-out plans for ServeNation and a potential future dividend.
Over the last several weeks much time has been spent examining how best to take advantage of the ServeNation holding. Although there is no question in our minds that ServeNation could be a strong long-term hold, we also realize that with the potential valuation model for Internet-based companies, the opportunity to market ServeNation is also a viable option.
As a result we have already started working with a local M&A consultant to assist in the valuation model and marketing of ServeNation. A simple yet accurate financial model has been built in that for every 50 orders per day on the ServeNation site, the value of for PINR holding increases by $20 million. As soon as sales reach 100 per day, we will begin the process of marketing ServeNation for sale.
ServeNation is currently averaging 10 orders per day. It is now management's goal to shift from a long-term growth plan to a short-term sales burst. More details about the M&A group in future press releases. Proceeds from the sale of ServeNation will of course be used to acquire additional holdings. However, to show just how strongly management is focused on shareholder value, a portion of the sale of ServeNation will be allocated as a dividend -- almost unheard of among Pink Sheet companies.
May commented, "Every step we have taken has been to increase shareholder wealth. I knew on day one that ServeNation could be the cornerstone of PINR. I believe that we can grow the value of the company in just the next few months to $40 million. At that point, all effort will be employed to sell ServeNation."
May continued, "To keep our shareholders abreast of each step towards the sale and the unprecedented dividend this potentially represents, we will be providing regular updates on the PINR website. When I started PINR, I knew that the shareholders were the key to our success and I intend to reward them for their loyalty. I want to be upfront about our goals and then share on a regular basis our progress towards our goals."
Additionally, the Company has accepted the resignation of Brian Kistler and New Opportunity Business Solutions as the company's corporate financial and communications advisor. The Company intends to announce a new IR firm at a subsequent date.
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LATITUDE INDUSTRIES INCORPORATED (OTC: LTDI)
Latitude Industries is a manufacturer of high-quality, offshore sport fishing boats. The company's boats fuse innovative design with advanced lightweight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by using the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida, the sport fishing capital of the world. For more information about Latitude Industries Inc. visit www.latitudepowerboats.com.
LTDI News:
June 20 - Latitude Industries, Inc. Enters Into Negotiation Talks With Honda Marine
Latitude Industries, Inc. (OTC: LTDI), manufacturer of offshore high performance sport and center console quality-made boats, announced that it has been approached by Honda Marine and they have formally entered into negotiation talks.
Honda Marine is the pioneer in four-stroke engine technology, setting a new benchmark for fuel efficiency, quiet operation, and low emissions. Honda's outboards share the same unparalleled durability, quality, and reliability of its legendary automobiles. With models ranging from 2 to 225 horsepower, Honda Marine's full line of current production models meets rigorous California Air Resources Board (CARB) 3-Star standards, ensuring their availability and regulatory compliance in all 50 states.
The National Marine Manufacturer's Association has awarded Honda Marine "Best in Customer Satisfaction" for the last four years in a row. Honda outboard engines deliver the power, fuel efficiency and reliability that enhances any boating experience.
"We are delighted to begin talks with Honda Marine. We believe our cutting edge, rock solid and, as recently mentioned by Hot Boat Magazine, 'stealthy boats' will blend together nicely with Honda to provide today's boating market with fully-rigged boat and motor packages," stated Orlando Hernandez, COO of Latitude Industries, Inc.
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