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Pacific Biometrics, Inc. PBME Otcbb Penny Stock News: "Pacific Biometrics, Inc. Announces Appointment of New Division-Vice President for Business Development

SEATTLE--(BUSINESS WIRE)--Nov. 2, 2004--Pacific Biometrics, Inc. (OTCBB:PBME) announces the appointment of Jennifer Henry-Smith, MBA as its new Division-Vice President for Business Development. Ms. Henry-Smith joins PBI from ACM Medical Laboratory, Inc. in Rochester, New York, where she was Director of Business Development. Ms. Henry-Smith will be stationed in LeRoy, New York, and will be responsible for managing all east-coast pharmaceutical accounts as well as developing the overall business development strategy for PBI.


Ron Helm, Chief Executive Officer of Pacific Biometrics, commented, 'We are delighted that Jennifer has joined PBI. She has a deep understanding of the central laboratory services industry and she has a strong track record in securing long-term business contracts with major US pharmaceutical and biotechnology companies. Jennifer will be an integral part of PBI's continuing drive to build and enhance market penetration in the provision of specialty central laboratory services. She will manage our key east-coast accounts and lead the development of expanded sales and marketing activities.'
Helm continued, 'We are very encouraged by our recent successes in signing significant new contracts for specialty testing and with Jennifer joining the company, we look forward to continued success in winning additional business.'
About Pacific Biometrics, Inc. (PBI)
Established in 1989, PBI provides specialized central laboratory services to support pharmaceutical and diagnostic manufacturers conducting human clinical tria"

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GlobalNet Corporation Announces $14 Million GLBT Otcbb Penny Stock News: "GlobalNet Corporation Announces $14 Million Preferred Stock Cancellation; Additional $1.2 Million Funding Received

THE WOODLANDS, Texas--(BUSINESS WIRE)--Nov. 2, 2004--
Common Shareholder Dilution Covered by Equity Concessions from Majority Shareholder


GlobalNet Corporation (OTCBB:GLBT) (www.gbne.net), a major provider of international telecommunications services, today announced that it had consummated a transaction whereby its major shareholder Growth Enterprise Fund, S.A. (GEF) has surrendered to the Company for cancellation 100,000 shares of Series A Convertible Preferred Stock, which represents all of the Company's outstanding preferred stock. The preferred stock is valued at over $14 million and was redeemable monthly for cash payments totaling $250,000 or 156,250,000 shares of common stock, which the Company has been making since January 1, 2004. The cancellation represents a monthly cash savings for the Company of $250,000 and a total cash savings of over $14,000,000. It eliminates the need for the Company to reserve 8,750,000,000 common shares as collateral for payment, and eradicates the chance of further common shareholder dilution due to the convertibility of the outstanding preferred stock into common stock.
The Company also announced that it has received an additional $1.2 million investment from an institutional investor. The new investment is in form of convertible notes bearing a nominal interest rate of 12% per annum and mature two years from issuance. The notes are convertible into shares of the Company's common stock at a rate equal to the lower of $0.0016 per s"

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QI Releases Turnkey Smart Card System QIIIF Otcbb Penny Stock News: "QI Releases Turnkey Smart Card System

VANCOUVER, British Columbia & DALLAS--(BUSINESS WIRE)--Nov. 2, 2004--QI Systems Inc. of Dallas, Texas and Vancouver, British Columbia (OTCBB:QIIIF), the industry leader in smart card stored value technology, is pleased to announce market introduction of a complete turnkey smartcard stored value system featuring POS and UPOS devices. The system incorporates elements developed by QI for several projects and is now available as an integrated package of components and systems.


The package allows system integrators to use QI components for all elements of a stored value card system. Available system elements include:
-- QI stored value cards
-- QI Card Value Center for self serve sale of new cards and card value load and reload of new and used cards
-- QI SmartKit Console for over the counter POS functions and for card value load and reload
-- QI SmartKit for immediate installation into most existing vending machines
-- QI Host PC reporting software for system administration and reporting
-- Various other specialty terminals for existing and custom applications
The system is sold under the established QI SmartVend brand. The above system uses proprietary cards supplied by QI. The system retains the QI hallmark capability of supporting multiple payment systems and can be deployed with the QI card as well as other open or closed card schemes.
The system has evolved from customer requirements in various industries including parking, vending, laundry, bulk water control and waste water management. Potential uses of the system are essentially unlimited. Any timed or metered payment system for products or services can be controlled and paid with this equipment."

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Universal Express To Increase Assets USXP Otcbb Penny Stock News: "Universal Express To Increase Assets

NEW YORK--(BUSINESS WIRE)--Nov. 1, 2004--Universal Express Inc. (OTCBB: USXP), has purchased an initial $5,000,000 worth of cash equivalent credits from Union Commercial Insurance, affiliated with Capitalliance, which last week purchased USXP's Capital Division.


'A cash equivalent credit serves as a payment for employee and commercial insurances as well as benefits that are normally expensed by corporate payables. A complete list may be viewed by going to www.usxp.com/ucproducts.htm, but the most commonly used insurances are automobile, property, umbrella liability, workman's compensation, medical, dental, life, disability, 401K and retirement plans,' said Richard A Altomare, Chairman & CEO of Universal Express.
'Union Commercial has provided us with almost any insurance financial service that our company uses to operate and even to grow our businesses. Even independent postal locations, airlines and future alliances will be able to utilize our initial insurance portfolio of $5,000,000 of cash equivalent credits.'
'If by reducing our daily cash requirements and improving our balance sheet were not enough, Universal Express will also be offering, on behalf of, and with the approval of Union Commercial, up to $40,000,000 of these credits monthly to other public companies. The details will be formally announced after December 1, 2004. Public company inquiries are being accepted at info@usxp.com.'
'Our monthly commission for the placing of these credits should exceed $2,500,000 and added directly to our corporate asset portfolio. Last week, we announced the beginning step in our relationships by selling 75% of our Ca"

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Covad to Present at the NYSSA COVD Otcbb Penny Stock News: "Covad to Present at the NYSSA Telecommunications Conference in New York

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 1, 2004--Covad Communications Group, Inc. (OTCBB:COVD), a leading nationwide provider of broadband voice and data communications, is scheduled to present at the NYSSA telecommunications conference on Thursday, November 4, 2004, at 9:50 a.m. EST.


The conference, 'The New Era of Telecom: How Next-Gen Technologies Are Changing the Rules of the Game,' will address the revolutionary technologies such as VoIP, broadband networks, and converged communication platforms that are generating new applications and revenue streams while lowering operating costs.
The presentation will be available via a webcast and can be accessed on the Event Calendar section on Covad's web site at http://covad.com/companyinfo/investorrelations.
Please note that participants are required to register in order to access the webcast which will be available on the Covad site for 30 days.
About Covad
Covad is a leading nationwide provider of broadband voice and data communications. The company offers DSL, voice over IP, T1, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through its network and through Internet Service Providers, value-added resellers, telecommunications carriers, and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 perce"

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Brazilian Formula Three BMSR Otcbb Penny Stock News: "Brazilian Formula Three Champion to Make World of Outlaws Sprint Series Debut

NORMAN, Okla.--(BUSINESS WIRE)--Nov. 1, 2004--Boundless Motor Sports Racing Inc., (OTCBB:BMSR) (Boundless) d/b/a DIRT Motorsports Inc., announced that former Formula Three star, Brazilian Ricardo 'Matchbox' Mauricio will make his World of Outlaws (WoO) Sprint Series debut at the Las Vegas Motor Speedway in Las Vegas during the Series' final season event on November 5th and 6th, 2004. Mauricio will drive a car owned by sprint car racer Doug Lippincott of Sparks, Nev. Veteran World of Outlaws crew chief Davey Whitworth will help the road-racing star make the transition from pavement to dirt, with ButlerBuilt Motorsports Equipment also lending support to the team.

Mauricio hails from Brazil but hopes to race full-time in the United States. His decision to venture to the United States to join the World of Outlaws Sprint Series came after a conversation with former office teammates of retired Formula One star Nelson Piquet including Bobby Hartslief, Boundless Chief Operating Officer.
'I wanted to focus my career in the U.S. and the best available entrance gate for someone that has stock car racing in mind, I believe, is sprint car racing,' said Mauricio. 'I am excited to try dirt oval racing and at the same time ready to learn the tricks of the trade with these fast and experienced drivers. I hope to squeeze in, use some of my road course past and find a place here for many, many years.'
'I was very pleased when Ricardo expressed an interest in racing with the World of Outlaws Sprint Series,' said Hartslief. 'I think Ricardo will be a fantastic addition to our line-up at L"

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Penny stocks are our friends.

First of all, you have a pretty expensive commision schedule from your
broker if it costs $1000.00 to conduct this trade (I tend to buy pennies
with Brown & company).

Secondly, the ask/bid price is a biggie here - If you were to buy a stock
at 1/32. that would mean that it's ask would be 1/16, in which case it'd
go up to 1/8 to sell it at 1/16. There's nothing wrong with this trade if
you can get a standard commission (such as flat $29) and purchase 10,000
shares or more. This is =not= how people make money in penny stocks (or
at least this is not how I make money in penny stocks),

Explaination being complicated, there is (as you know) a smaller downside
potential with a penny (not neccesarily an inverse propensity) and an
infinite upside. With this being the case, the trick is to diworsify
(err.. I mean) diversify. Don't focus on one penny stock or you'll get
burned; rather, find several which fit a certain criteria and stick with
them. You'll be impressed.

I make much more at pennies than I do anything else (in the short term at
least). But there's the diversification trick and you HAVE to do your
homework - there's no way around it. Typically, out of 10 penny stocks, 8
of them go flat, sideways, loose a small amount or make a small amount.
These become extra clutter to deal with so I dump them (after a reasonable
amount of time). I break even after commission on these eight. Two
stocks left: 1 of them I picked up at 1/2 disappoints me and goes to zero
(or closely thereof). That was $5000 down the tubes. "Oh well, there goes
that trip to the largest ball of twine this year." I have 1 stock left
which I also bought at 1/2 and goes up to (in my time period, whatever it
may be for the given equity) to $2.50 / share. That's $25,000 dollars. I
subtract my $5,000 that I lost. Since my other stocks broke even or met
inflation percentages,my ending cash yield for my wonderful self is
$20,000 gain.

Of course, this is OVERsimplified. I do not buy 10 stocks (right now I
have 93 penny stocks in my portfolio) and I do not sell them all at the
same time. Also, it's generally harder to sell 10,000 shares at $2.50
than it was to buy 10,000 shares at $.50. Generally, I have to take less
of a profit.

The moral of the story is this: penny stocks can be very profitable but
in general there are few differences to "non" penny stocks. Generally,
penny stocks have an increased potential to go to zero than a normal
stock, but since you bought 10,000 shares, you can have them redeemed and
you can get your bathroom wallpapered with all those certificates (as I
told my girlfriend once, "..it's not a TOTAL waste..") So long as you
diversify and keep a standard (don't just buy something that is cheap,
develop an analysis system and stick to it) you'll be profitable. My
analysis is 75% based on phone conversations with companies, but yours
can vary.

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