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NYRR Otcbb Penny Stock News: "NYRR Reports 3rd Quarter 2004 Profits

NEW YORK--(BUSINESS WIRE)--Nov. 29, 2004--New York Regional Rail Corp. (OTCBB: NYRR) is pleased to announce that during the three months ended September 30, 2004, the Company reported net income of $33,833 on revenue of $1,644,527 compared to a net loss of $164,46 on revenue of $1,499,713 for the three months ended September 30, 2003.

Joel Marcus, chief financial officer stated, 'Our third quarter results show some of the progress we have made this year. During the nine months ended September 30, 2004, the Company had an increase of $2,469,031 or 57.4% in revenue. Revenue for the nine months ended September 30, 2004 totaled $6,767,956 and net loss was reduced to $405,616. The Company is moving steadily in the right direction, the influx of capital, reductions in debt, infrastructure and capital improvements and cost cutting efficiencies are helping our P & L, cash flow and balance sheets to continue to show improvement. Our complete results reported on Form 10-QSB for the three and nine months ended September 30, 2004 can be found at www.sec.gov', he concluded.
Ronald Bridges, Chief Executive Officer of NYRR, added, 'We are pleased with our results this quarter and of our recently announce new agreements. Because we are already moving some of this new business we hope to report profitability in the 4th quarter as well. We are also continuing the clean-up of our existing legal and tax issues, as we feel it is of paramount importance for us in order to improve the company's standing. The reliability of our service is the key to our future success and the Company's ability to attract new and repeat business is proof of our succes"

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XRAYMEDIA XYRM Otcbb Penny Stock News: "XRAYMEDIA Brings on New Partner and Sets the Pace for 2005 LMM Growth

NEW YORK & VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 29, 2004--XRAYMEDIA Inc., (OTCBB:XRYM), the media industry's leader in real-time negotiating technology, is proud to announce that the Company has added Catalyst!House to its growing list of partners as it continues to roll out its newest partnership programs.

This new partnership is aimed to merge the advertising resources of both companies to help create additional cash flow stream utilizing XRAYMEDIA's live negotiating systems technology. 'This partnership is yet another step forward for us in achieving tremendous growth for our Live Media Marketplace in 2005 and beyond,' said XRAYMEDIA President and CEO Raymond C. Dabney. 'Providing live negotiating technology to a market-sector that is more than $500 billion has proven to be an enormous task, most companies go into business looking to gain a 10-15 percent market share. When you do the math XRAYMEDIA can be very successful with less then one percent of a market this size. We are harnessing the power of the Internet and creating the largest real-time media marketplace in the world. We are enjoying a steady flow of new partnership inquiries. We are attracting a wide-range of companies with a large client base or market share, who are looking to monetize their accumulated buying power in the media industry. We provide instant access to live media negotiations worldwide; this opportunity is monumental for any business that needs to advertise their product or service. Media buyers and sellers are ready for this type of technology and we are very pleased to be working with a variety of firms that give us an "

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AEC Hires Experchem Laboratories Inc. ARGY Otcbb Penny Stock News: "AEC Hires Experchem Laboratories Inc. for Independent Laboratory Testing

LAS VEGAS--(BUSINESS WIRE)--Nov. 29, 2004--Today, Alternate Energy Corp. (OTCBB:ARGY) (AEC) announced it has hired Experchem Laboratories Inc., a local, government-accredited laboratory to conduct specific third party testing of its hydrogen production technology.

Experchem Laboratories are specialists in chemical testing and consultants in materials sciences. They will specifically assist AEC with a variety of ongoing tests; chemical evaluation of raw materials and finished products, conformity testing of metals and alloys, formulae refinements and improvements, as well as overall quality control and general mechanical evaluation. Experchem's 14,000 sq foot facility employs approximately 45 scientists, quality control / assurance specialists, regulatory affairs consultants and support staff and run two reliable and exacting laboratories. Experchem is also a member of ASTM, American Society for Testing and Materials (ASTM) - one of the largest voluntary standards development organizations in the world. Experchem has worked for a number of major organizations and government entities.
AEC hired the company to conduct continuous independent scientific testing of its hydrogen production technology.
'In the spirit of being cost-conscious and focused on advancing our core technology, I've always believed 'do what you do best, and farm out the rest'. We needed an accredited scientific lab within close proximity to complete testing in situations where we either did not have the equipment or expertise to fulfill in-house,' says Blaine Froats, CEO and Chairman of AEC. 'Though Experchem was not http://www.cleanwatts.com"

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Cyber Digital, Inc., CYBD Otcbb Penny Stock News: "Cyber Digital, Inc., Offers UNE-P to UNE-L Migration Solution for Competitive Telecom Carriers

Cyber Digital, Inc. (OTC BB:CYBD), a leading designer, software developer and manufacturer of advanced digital voice and broadband data switches, announced that it offers affordable UNE-P to UNE-L migration solution to facilities based competitive telecommunications carriers. Cyber Digital's wireline voice and data switches offer hot-cut, require no truck rolls to subscriber premises, and can be easily co-located in the Bells' central offices to provide the full range of voice and broadband features and services to business and residential subscribers, without using the Bells' switches.
Historically, UNE-P allowed competitive carriers to lease the Bells' switches to provide services to their subscribers. Recent Supreme Court decision has phased out the use of UNE-P, forcing the competitive carriers to build their own local voice and data switching facilities. Under the UNE-L rules competitive carriers will be able to lease the loop (copper wires and T1 lines) at cut-rate prices from the Bells. Hence, these competitors must migrate from UNE-P to UNE-L solution.
Cyber Digital's UNE-P to UNE-L migration solution consists of its proven-in miniature CDCO Class 5 and CTSX Tandem Class 4 TDM switches for voice services, and its CIAN IP (Internet Protocol) distribution softswitch/router for broadband data services. CDCO offers a full range of voice serv"

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Fonix Corp. FNIX Otcbb Penny Stock News: "Fonix Corp. Reports Q3 2004 Results

Highlights for the third quarter include:
-- Reported quarterly revenue of $4,426,000, which includes revenue from The Fonix Telecom Group, an increase of 868 percent over reported quarterly revenue for the same period in 2003.
-- Reported revenue of $10,593,000 for the nine months ended Sept. 30, 2004, which includes revenue from The Fonix Telecom Group, an increase of 531 percent over reported revenue of $1,678,000 for the same period in 2003.
-- Implemented Voice over Internet Protocol (VoIP) on Broadband over Power Lines (BPL) through Fonix's Atlanta-based subsidiary, LecStar Telecom Inc., which is a member of The Fonix Telecom Group. Fonix is one of the first companies in the United States to announce successful delivery of this technology.
-- Ubisoft published 'Tom Clancy's Rainbow Six 3(R): Black Arrow(TM)' featuring Fonix VoiceIn.
'This quarter continues to highlight the benefit of our strategic deployment of cutting-edge telecom services and speech technology,' said Thomas A. Murdock, Fonix chairman and CEO. 'Our telecom customers will gain the added value and flexibility provided by VoIP, and more videogame players can enjoy our convenient and innovative speech interfaces. We will continue to see new revenue opportunities emerge as these and other Fonix products gain market acceptance.'
Consolidated revenues were $4,426,000 for th"

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21st Century Technologies TFCT Otcbb Penny Stock News: "21st Century Technologies Affiliate Portfolio Company DLC Construction Announces Authorized Award for Western Trails Neighborhood Park


21st Century Technologies, Inc. (OTCBB:TFCT) today announced that its affiliate portfolio company, DLC Construction, has received the official award for a $2.6 million Western Trails Neighborhood park for Clark County, Nevada. The seven-acre facility, located on Warm Springs Road west of I-15, will have an old west theme. The notice to proceed is expected within one week.
DLC Construction also announced the signing of a $657,300 contract for the construction of a 4,000 square foot addition to a federally funded day care center in North Las Vegas. The addition will double the current size of the 24-hour 7-day a week child care facility, a privately run facility catering to the working poor of the area and maintained by City of Las Vegas Neighborhood Services Development. The notice to proceed for this project is also expected within one week.
Danny Cates, president of DLC, commented, 'Over $3 million of work beginning this month is a sign of things to come for DCL. The working capital provided by 21st Century's investment has enabled DLC to increase efficiencies so we can avoid costly delays in critical path scheduling. We anticipate our billing and contract compliance will be the best in the industry.'
Established in 1991 and licensed in California and Nevada, DLC primarily contracts for public works projects such as airports and public buildings. Ma"

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AEC Files Hydrogen Production Technology ARGY Otcbb Penny Stock News: "AEC Files Patents for its Hydrogen Production Technology

LAS VEGAS--(BUSINESS WIRE)--Nov. 22, 2004--Today, Alternate Energy Corp. (AEC) (OTCBB:ARGY) announced it has recently filed for provisional patents for its hydrogen production technology.


The provisional patent applications are related to newly developed alloys created from research and development that was carried on in the Company's Tennessee facility. This is part of an ongoing planned patenting program that has been developed by AEC together with their patent attorneys in California.
The announcement was made today by AEC's Chairman and CEO, Blaine Froats: 'We are very pleased at having achieved this important milestone as it allows us to move forward in a multitude of areas. Specifically, with protection, we can move ahead at a quicker rate relative to producing a standby electrical generator. This has involved months of work that is now behind us.'
From this point on, all research and development will be performed in Burlington, Ontario where it can be managed under closer control. In this regard, it is the intention to close the operation in Tennessee.
AEC's unique technology generates hydrogen gas from a proprietary material. The technology's distinctive appeal comes from its ability to produce pure, fuel-cell grade hydrogen (99.9%) at low-cost, on-demand, without any known harmful or toxic by-products. These competitive characteristics are significant as they may provide alternate solutions to a number of storage and generation challenges associated with hydrogen.
AEC is planning to market this affordable, 'green' technology to vertical business segments that can capitalize from its comprehensive s"

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IQ Biometrix IQBM Otcbb Penny Stocks News: "IQ Biometrix Announces Stockholder Approval of Reverse Stock Split

FREMONT, Calif.--(BUSINESS WIRE)--Nov. 18, 2004--IQ Biometrix, Inc. (OTCBB:IQBM), a worldwide provider of integrated law enforcement and security solutions, announced today that its Board of Directors has authorized a 1-for-4 reverse split of IQBM's common stock.

'This approval is another milestone in our completion of the merger between IQ Biometrix and Wherify Wireless,' said William Scigliano, CEO and President of IQBM. 'In addition, the Company hopes that by improving its capital structure and stock price the Company can take the first step in helping it to become listed for trading on an exchange or the Nasdaq National Market, and help it gain access to the analyst and institutional communities.'
The reverse stock split was approved by IQBM's stockholders in November 2004. In the reverse split, each four shares of IQBM's issued and outstanding common stock will be combined into one share of common stock. No fractional shares will be issued in connection with the reverse stock split and holders of fractional shares will receive cash in lieu of their fractional shares.
After giving effect to the reverse split, the Company will have approximately 6.7 million shares outstanding. The reverse split will affect all shares of IQBM's common stock, including those shares underlying stock options, warrants and convertible debentures outstanding immediately prior to the effective date of the reverse split.
IQBM's transfer agent, American Stock Transfer and Trust Company, will mail instructions to stockholders of record as of November 29, 2004 regarding the exchange of certificates for common stock. The"

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VoIP, Inc. Otcbb Penny Stocks News: "VoIP, Inc. To Change Certifying Accountant

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 18, 2004--VoIP, Inc. (OTCBB:VOII), an emerging provider of Voice over IP based solutions announced that on 11/16/04, it was informed by Tschopp, Whitcomb & Orr that such firm was resigning as the Company's Auditor. The decision by Tschopp, Whitcomb & Orr to resign was made in an effort to reduce their overall number of audit clients and to restrict their practice to the central Florida area.


During our two most recent fiscal years and subsequent interim periods preceding the date of termination of the engagement of Tschopp, Whitcomb & Orr, we were not in disagreement with Tschopp, Whitcomb & Orr on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
A report on Form 8K was filed today to report the resignation.
We are currently interviewing other firms to be engaged to conduct an audit of our financial statements for the December 31, 2004 year end and expect to have a new firm in place very soon.
About VoIP, Inc. www.voipinc.com
VoIP, Inc. is an emerging global service provider of Voice over IP-based solutions, offering residential and business customers more user friendly and affordable ways to communicate. VoIP, Inc. also manufactures products and provides services to Internet Service Providers, Telecommunication Service Providers and Cable Operators in countries around the world. VoIP, Inc, through its subsidiaries, provides a comprehensive portfolio of IP multimedia-based solutions ranging from subscriber based voice services, to SIP based infrastructure design and deployment, to broadband customer premise equipme"

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AVIG, AIMT Otcbb Penny Stocks News: "OAK RIDGE, Tenn.--(BUSINESS WIRE)--Nov. 19, 2004--AIMSI Technologies, Inc. (OTCBB:AIMT), (formerly Advanced Integrated Management Services, Inc.)(OTCBB:AVIG), is pleased to announce the following:


a.) The company's new stock trading symbol has been changed to AIMT.OB (OTCBB).
b.) The company has changed its stock structure by initiating a 5 for 1 forward split. The company believes that this will attract a broad and diverse investor base.
c.) In taking delivery of their first commercial-ready ALARM radiation detection unit, the company has made a definitive step forward in its efforts to fulfill its contractual obligation of delivery, on an initial $225 million sales agreement for 15,000 units of its ALARM device to China Global Distribution Corp.
d.) The company has hired John W. Stump III as its new Chief Financial Officer.
Mr. Stump has served as CFO of both privately held and publicly traded companies. Mr. Stump has vast experience in the electronics-manufacturing arena. As part of his extensive resume, Mr. Stump has negotiated manufacturing contracts, evaluated the supply chain of the products being produced and created processes to mitigate waste in the manufacturing process. AIMSI Technologies believes Mr. Stump's experience and expertise will enable the company to maintain its industry-leading, laser-sharp focus on efficiency while maximizing fiscal agility requisite to meet the tremendous worldwide product demand for the ALARM unit.
AIMSI Technologies has received delivery of their commercial-ready handheld 'ALARM' radiation detection unit. The unit has undergone rigorou"

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RIMM QMCI Otcbb Penny Stock News: "QUOTEMEDIA ANNOUNCES PARTICIPATION WITH RESEARCH IN MOTION AT E-FINANCIAL WORLD EXPO
QuoteMedia, Inc. (OTCBB:QMCI), a leading developer of real-time, streaming financial applications, announced today that it is participating with Research In Motion (RIM) (NASDAQ:RIMM; TSX: RIM), makers of BlackBerry(R), at the 2004 E-Financial WorldExpo, November 18 to 19 at the National Trade Center in Toronto, Canada.
WorldExpo is the financial industry's most anticipated international exposition and conference, covering all aspects of information technologies employed by the world's financial service sector.
From the BlackBerry booth at the conference, QuoteMedia is providing CD Rom versions of its new Quotestream Wireless (TM) application to 2,000 select attendees from the international financial world, including CFOs, CEOs, Banking Executives, government financial policy advisors, and system distributors.
Quotestream Wireless delivers integrated wireless trading capabilities and a rich suite of streaming real-time market data applications to BlackBerry devices.
More information about the new Quotestream Wireless application can be found at: www.quotestream.com.
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applicat"

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One Voice Technologies ONEV Otcbb Penny Stock News: "One Voice Technologies Announces Conference Call for Investment Community

SAN DIEGO--(BUSINESS WIRE)--Nov. 15, 2004--One Voice Technologies, Inc. (OTCBB: ONEV), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, today announced it will conduct a conference call for the investment community Thursday, November 18 at 4:15 p.m. ET. The purpose of the call will be to give interested parties a detailed overview of the company and answer questions pertaining to One Voice. The public may participate in this event by calling 1-800-766-6630 preferably 10 minutes prior to the start time of the call.


Dean Weber, Chairman and CEO of One Voice Technologies, Jack Johnson, Vice President, Telephony Sales, North America and Rick Stone, Vice President, Telephony Business Development, North America are scheduled to participate in the conference call.
A rebroadcast of the call will be available via tape playback until December 2, 2004 by calling 1-888-509-0082.
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB: ONEV) is the world's first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice(TM) solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in San Diego, California. For more information, please visit http://www.onev.com "

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NCTI Reports Third Quarter Results NCTI Otcbb Penny Stock News: "NCTI Reports Third Quarter Results

WESTPORT, Conn.--(BUSINESS WIRE)--Nov. 15, 2004--NCT Group, Inc. (OTCBB:NCTI) reported that total revenue for the three months ended September 30, 2004 was $1.4 million compared to $1.2 million for the same period in 2003. Net loss for the three months ended September 30, 2004 was $10.4 million compared to a net loss of $2.3 million for the same period a year ago. A significant portion of our net loss was attributable to interest expense of $11.4 million for the three months ended September 30, 2004 compared to interest expense of $3.0 million for the same period a year ago.


The company reported that total revenue for the nine months ended September 30, 2004 was $4.1 million compared to $3.4 million for the same period in 2003. Net loss for the nine months ended September 30, 2004 was $36.2 million compared to a net loss for the same period a year ago of $17.0 million. Interest expense was $29.0 million for the nine months ended September 30, 2004 compared to interest expense of $9.3 million for the same period a year ago. This increase in interest expense was attributable to both an overall increase in short-term debt and non-cash and other charges related to the debt.
'Within our Artera Group subsidiary, we continue to focus our sales efforts on expanding distribution of our Artera Turbo(TM) Internet accelerator service both in the United States and internationally,' said Michael J. Parrella, chairman and CEO. 'While broadband access remains expensive and limited in its availability, we believe that the dial-up market is a significant opportunity for us. Our Artera Turbo subscription service greatly enhances a dial-up user's Internet surfing experience by "

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Neoprobe's CEO Interviewed by wallstreetreporter.com: "To listen to Mr. Bupp's interview, go to www.wallstreetreporter.com. First-time users to Wall Street Reporter will have to register to listen to the interview. Scroll down in the interviews dialog box to Neoprobe Corporation, David Bupp, and then click on the title.
About Neoprobe
Neoprobe develops and provides innovative surgical and diagnostic products that enhance patient care by meeting the critical decision making needs of healthcare professionals. Neoprobe currently markets the neo2000(R) line of gamma detection systems that are widely used by cancer surgeons for intraoperative lymphatic mapping. Neoprobe is also in the process of commercializing the Quantix(R) line of blood flow measurement products developed by its subsidiary, Cardiosonix Ltd., that are designed to be used by cardiovascular surgeons, neurosurgeons and critical care physicians. In addition, Neoprobe holds significant interests in the development of related biomedical systems and agents including Lymphoseek(TM) and RIGScan(R) CR. Lymphoseek is an investigational drug being developed as a lymphatic tracing agent in conjunction with the University of California, San Diego. The RIGS(R) system is an investigational technology that combines the Company's gamma detection device technology with a proprietary disease-specific radiolabeled cancer targeting agent, and a patented surgical method to get real-time information to locate tumor deposits that may not be detectable by conventional methods. Before surgery, a cancer patient is injected with one of the targeting agents, which circulates throughout the patient's body and binds specifically to cancer cell antigens or receptors. Concentrations of the targeting agent are then located during surgery by the"

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CTI Group Achieves a Technology CTIG Otcbb Penny Stock News: "CTI Group Achieves a Technology Preview of SmartBill Connect

INDIANAPOLIS--(BUSINESS WIRE)--Nov. 12, 2004--CTI Group (Holdings) Inc. (OTCBB:CTIG), an international provider of billing management and transaction analysis software, reported it has successfully produced a preview of the technologically advanced SmartBill(R) Connect invoice management module for service providers and enterprises. SmartBill(R) Connect is a web-based, interactive invoice management, analysis and reporting solution empowering business enterprise customers to manage their information and business processes through 360 degree visibility into their business communications expenditures. SmartBill(R) Connect will offer a self-service, interactive invoice management solution providing communications service providers great opportunity to increase revenue through enhanced customer satisfaction, increased retention, superior marketability, and lower customer care and support costs.


Sid Rao, CTI Product Architect, states, 'We are excited about successfully reaching the key milestone of producing a preview of SmartBill(R) Connect which is a compelling product for the content and service provider. We believe this will enable a differentiating relationship between the provider and the enterprise.'
SmartBill(R) Connect offers content and service providers a full range of eBusiness capabilities that build upon their existing investments in technology - preserving the full functionality of current systems - while allowing them to service and support future customer growth. SmartBill(R) Connect integrates with provider's evolving online eBusiness strategy and can provide enterprise customers with customized ac"

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Hyperdynamics' SCS Contracts for Satellite Imaging HYPD Otcbb Penny Stock News: "Hyperdynamics' SCS Contracts for Satellite Imaging Study; Program Expected to Correlate Oil Slick Locations

HOUSTON--(BUSINESS WIRE)--Nov. 12, 2004--Hyperdynamics' (OTCBB: HYPD) SCS Corp., its wholly owned oil and gas subsidiary, announced today it has contracted Infoterra, a leading European-based geospatial information company, to provide a complete satellite image-based Global Seeps Study over its entire 16 million-acre concession.


According to SCS' vice president, Robert Bearnth, the main purpose of the satellite contract is to identify and locate oil seeps throughout the entire block. He said, 'Finding all 40 carbon indicators in 55 of the 57 cores during our coring program gave us the knowledge base for us to confidently pursue up-to-date satellite imaging. We are looking to correlate oil slicks where the largest seeps have been pinpointed. This will help us focus in on the most prominent drilling sites.'
The satellite imaging process will produce digital data, which will provide scene interpretation, source points for seeps, probable seep types, digital geo coded data and images of the concession seep formations. The process is slated to begin immediately.
For more information on the oil and gas exploration activities of SCS, the company directs you to http://www.hypd.com/powerpoint.htm
About Infoterra
Infoterra is a 100 percent-owned subsidiary of EADS Astrium, Europe's leading space company. Infoterra is also one of Europe's largest suppliers of geo-information products and services, derived from both satellite and airborne Earth observation sensors. Based in the United Kingdom, Infoterra employs"

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Aegis Assessments Inc. Rolls Out SafetyNet AGSIN Otcbb Penny Stock News: "Aegis Assessments Inc. Rolls Out SafetyNet Guardian System at FireRescue Magazine Conference & Exposition 2004

FireRescue Magazine Conference & Exposition 2004

LAS VEGAS--(BUSINESS WIRE)--Nov. 12, 2004--Aegis Assessments Inc. (OTCBB:AGSI) announced today that it is showcasing its new SafetyNet(TM) Guardian(TM) System at the inaugural FireRescue Magazine Conference & Exposition in Las Vegas. Participants at the exposition include the International Society of Fire Service Instructors (ISFSI), the Nevada Fire Chiefs Association (NFCA) and the Emergency Vehicle Technicians Association (EVTA), as well as manufacturers and suppliers of the latest fire-rescue products and innovations.


The SafetyNet(TM) Guardian(TM) System is a portable wireless tracking device that uses radio-frequency identification (RFID) technology to monitor the location and physical condition of emergency personnel at the scene of an emergency incident. RFID technology uses radio-transmitting interrogators to send out radio waves to preprogrammed receiver computer chips which respond to the radio query with another radio signal. If the frequency is not correct, the receiver or interrogator will not recognize it.
The SafetyNet(TM) Guardian(TM) System includes helmet-mounted RFID tags that can be programmed to transmit personnel information, including name, rank, training, and other department-specific information. Features currently in development include bio-sensor monitors for heart rate, body temperature and blood oxygen levels.
The fire and life safety industry is a $20 billion to $25 billion global industry that supplies"

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CAPE CORAL, Fla.--(BUSINESS WIRE)--Nov. 12, 2004--Whitney Information Network, Inc. (OTCBB:RUSS), a leading provider of post-secondary education programs focused on individual wealth creation and personal success, today reported continued revenue growth for the third quarter, ended September 30, 2004. Revenue for the third quarter 2004 was $32.2 million, an increase of 36% over the quarter ended September 30, 2003, which was $23.6 million. Total revenue for the nine months ended September 30, 2004 was $109.3 million, an increase of $55.0 million or 101% over the same period in 2003.


In the judgment of the Company, cash flow, rather than profit or loss, is the primary indicator of its financial results. The reason for this is that revenue from student purchases of courses must be deferred until the course is taken or the student fails to take the course within the required time period. However, all of the costs associated with obtaining the course sales must be realized in the period they are incurred. Thus, the faster the Company grows its revenues, the higher its losses will be under Generally Accepted Accounting Principles, as it cannot report the sales as revenues but must report substantially all of the expenses associated with the sale as an expense. On the other hand, since the Company is entitled to recognize the cash from course sales on its balance sheet when the money is received, cash flow figures provide a more realistic indicator of the Company's performance during any given reporting period.
Deferred revenue, which is the net backlog of trainin"

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China Energy Ventures Corp. CEVC Otcbb Penny Stock News: "China Energy Ventures Corp. to Change its Name to Big Sky Energy Corporation

CALGARY, Alberta--(BUSINESS WIRE)--Nov. 8, 2004--China Energy Ventures Corp. (OTCBB:CEVC) announced today that it will change its name to Big Sky Energy Corporation, subject to approval by its shareholders at the Company's Annual General Meeting, to be held in Calgary on December 3, 2004.


'We are changing the company's name to align with the name of our operational subsidiaries; Big Sky Energy Kazakhstan Ltd., Big Sky Energy Atyrau Ltd., etc.,' stated Mr. Matthew Heysel, the Company's Chairman and CEO. 'In addition, we are looking to diversify our relationship with China's national oil companies to include other national and multinational corporations.'
Note: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of China Energy Ventures Corp. only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to China Energy Ventures, please refer to its 10-KSB and 10 QSB reports filed with the U.S. Securities and Exchange Commission."

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WaveRider Communications Inc. WAVR Otcbb Penny Stock News: "WaveRider Communications Inc. Reports Continued Quarterly Revenue Growth


- Focus on large telecommunications carriers and channel sales program results in sequential quarterly revenue growth of 11%
WaveRider Communications Inc. (OTCBB:WAVR), the leader in non-line-of-sight wireless broadband technology and deployments, today reported revenue for the third quarter of 2004 of (U.S.) $2,669,219 compared to second quarter revenues of $2,412,516 and Q3 2003 revenues of $3,534,064.
The net loss for the quarter totaled $1,937,855 or $0.13 per share compared to a net loss of $2,586,187 or $0.18 per share in the previous quarter, and a Q3 2003 loss of $961,589, or $0.07 per share. The increase in the net loss in Q3 2004 over Q3 2003 was mainly due to non-cash financing expenses, which amounted to $1,206,997 in Q3 2004 versus $385,226 in Q3 2003.
'We believe that our focus on selling to larger telecommunications carriers, coupled with our channel sales program, has been the driver for our quarter on quarter growth and that this focus should enable the company to continue to improve revenue levels for the remainder of 2004 and into 2005,' said Charles Brown, Executive Vice President, WaveRider Communications Inc. 'WaveRider is working closely with our channel partners to manage inventory levels to reflect end user demand, which we believe has eliminated the large stocking orders that we experienced last year. At the same time, we have announced new products and new product initiatives that we expect will help our channel partners to increase sales of WaveRid"

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AEC Converts an Internal Combustion Engine ARGY Otcbb Penny Stock News: "AEC Converts an Internal Combustion Engine Generator to Run on Hydrogen

LAS VEGAS--(BUSINESS WIRE)--Nov. 8, 2004--Today, Alternate Energy Corp. (OTCBB:ARGY) (AEC) announced that it has completed the first phase of its back-up power product initiative by successfully converting an Internal Combustion Engine (ICE) generator to run on hydrogen.

Over the past several months, AEC has been focused on the building of demonstrable ICE and Fuel Cell generator sets, fueled by the Company's low-cost, on-demand hydrogen. These units will demonstrate to investors and potential customers AEC's hydrogen flexibility by efficiently supplying both a fuel cell and ICE.
The ICE test was conducted last week at AEC's head office in Burlington, Ontario, where the re-configured generator ran under load, exclusively on hydrogen.
'As we have powered Astris' alkaline fuel cell in Sept, 2003, we also had a requirement to produce a demonstration unit which fueled an ICE generator set running on our low cost, on-demand hydrogen. This 'proof-of-concept' unit will be used to demonstrate that our hydrogen can fuel IC engines as well - a market that represents a quicker time to revenue than the fuel cell. As a result of this timely conversion, our product demonstration schedule will be stepped up to the first few months of 2005,' stated Blaine Froats, Chairman of AEC.
AEC does not intend to enter into the manufacturing of hydrogen-run IC engines, but rather to eventually commission an existing manufacturer to build a unit that meets AEC's technology design specifications. This ICE generator was converted purely for testing and demo purposes.
AEC is also expecting delivery of th"

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Sanswire Technologies Gtel, Snwr Otcbb Penny Stock News: "Sanswire Technologies Announces Distribution

ATLANTA--(BUSINESS WIRE)--Nov. 8, 2004--Sanswire Technologies, Inc. (Pink Sheets:SNWR) announced today that all the terms of the Asset Purchase Agreement with GlobeTel Communications Corp. (OTCBB:GTEL) have been satisfied and the transaction has closed.

As a result of the transaction, Sanswire management is to receive 28 million shares of GTEL common stock and will distribute the shares as a dividend to its shareholders of record as of May 31, 2004. Shareholders will receive one share of GTEL for each share of SNWR owned as of the close of business on May 31, 2004.
The GTEL shares are being held by GTEL's transfer agent pending registration by GTEL. Upon the completion of the registration, the shares will be released to Sanswire.
'Our shareholders have been very supportive of the GlobeTel transaction,' said Bobby Sanders, President of Sanswire Technologies. 'We're anxious to get the shares in our hands so we can distribute them to our shareholders.'
The Company also announced that the name and trading symbol of the Company will change. The trademarked name Sanswire was included in the transaction with GlobeTel. The new name and trading symbol will be announced soon. "

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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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