Stocks To Watch - WTCG, KATX, DMPD, EMXC, SPMI

WTCG is a stock that will only rise from the current $.0034 close.  I think short term $.005 is in the cards.

KATX just keeps moving right along.  The trend is our firend with this stock.  You can just sense the upside potential with this stock.  I would not be surprised seeing $.10 tomorrow.

DMPD this stock exploded higher today after a decent surge on Tuesday.  The momentum seems to be building, I wouldn't be fighting it.  I think $.02 is a distinct possibility before the holiday shortened trading week ends.

EMXC this stock has held its footing the last few days.  It is consolidating for the next break higher.  $.0077 is the recent high that needs to be broken with conviction.  After that break $.01 will come in short order.

SPMI with some impressive per share numbers from yesterday's 10K the stock sold off.  Sometimes it is easier calling non-transparent pieces of garbage, then the most undervalued penny stock trading under $.10 a share like SPMI.  I still think it heads higher and warrants a close eye this year.

DMPD - The Guru Gave You A Chance To Beat The Crowd

While I do not advocate buying and holding most penny stocks, I am a fan of buying up stocks no one knows about and selling them when people finally discover them. This can include shell stocks that have an attractive share structure. They can also include actively traded companies that are priced well-below their market value.

Late last year I wrote about DMPD. The stock had just bumped up to $.002 a share. From that point on it gyrated in a fairly narrow range until finally breaking out of its shell today and closing at $.01.

Here is my post from last year:

http://pennystockgurus.blogspot.com/2009/10/dmpd-chance-to-beat-crowd.html

Buying at $.002 back then would have brought you a 500% gain today. I think today's price action will continue into the weeks end.

DMPD is a stock to add to your watchlist, if you didn't already have it there when the Guru first told you about it.

KATX - Starting It's 3rd Leg Up

KATX again today posted 20% gains before some profit taking took the stock down a notch to close up 15%. It is becoming more evident by the day that KATX is going to hit $.10, the only question left is what it does after that.

I suspect this is the 3rd up leg in this long rally and the stock will reach new highs. Consider that each of the last two legs posted 500 - 1,000% gains. If history repeats itself KATX could hit $.30 a share. That would mean this rally still has some significant upside potential.

Today's action left me more confident about my bullish stance on this stock.

Wednesday Watch List - TNXI, EMXC, KATX, SPMI, CDIV

TNXI, a Guru's Buy and Hold, surged over 30% higher today, before settling up 22%. This is the start of the run that will bring this stock to the targets the Guru set last month when I made it a Buy and Hold: http://pennystockgurus.blogspot.com/2010/03/tnxi-added-to-gurus-buy-and-hold-list.html Short term $.25 Long Term $1.00+

EMXC rebounded smartly from an early session decline as buyer swooped in to take advantage of the under valued shares. The stock briefly posted 10%+ gains before pulling back slightly at the close. The stock has solid support at $.006 and some tough resistance at $.007. There have been two tries to break the $.007 barrier, each of which have been unsuccessful. The third time should be the charm. A break of $.007 would make the short term target that much closer.

KATX I expect this stock to open much higher tomorrow. You should have been listening to the Guru the last few months. I have a feeling those who did will be very, very happy.

SPMI released their annual report after the close, posting a $.01 profit. Currently trading at $.085 a share the stock is undervalued compared with its revenues, net income, assets, and cash on hand. They also anticipate opening new stores in the coming months. This growing, profitable, sub $.10 stock should be trading at much higher levels.

CDIV I end with my chart of the day. The last time I had CDIV on the blog it was trading at $.28 a share and I noted how an investment of $1,000 at $.01 would have been worth $28,000. It turns out an investment of $1,000 at $.01 would be worth $57,000 today. Not bad for a few months of watching a stock trade.

KATX - Don't Say You Weren't Warned!

I usually reserve a comment like the one I used in my title for a stock that just fell off the cliff. One that I had told my readers about in advance. KATX, however, is just the opposite. I've been bringing KATX to my readers the last few months. Watching paint dry has been more exciting then watching KATX trade recently, but I just knew it was going to break out and today it finally did.

Just last week I stated:

KATX: I still feel KATX is on the brink of a breakout. A 20-30% break higher is coming and coming soon. That will confirm my short term $.10 target.

I also drew up a fancy chart to validate my view:



You could have been buying up shares at $.05 to $.06 since February in anticipation of KATX's next leg up. The one the Guru has seen coming for some time.

Today KATX closed at $.0675,up 20%, on breakout volume.

My target remains $.10, but that is just my first target. If this is indeed the next leg up I think we break into new highs and could see SRSR type numbers, meaning $.15 - $.20 a share. That represents a 200-300% gain from today's close.

Let's not get ahead of ourselves just yet. First we need to see $.10, which we should in short order.

SPMI - Earnings Results Impress The Guru

SPMI released its annual earnings report today after the bell and posted earnings of $.01 a share excluding a goodwill charge. The company had almost $100k in net income and used cash flows to pay down debt and reduce liabilities.

SPMI closed the trading session at $.085 a share. Here is some of the per share information that I gleaned from today's 10K filing. These are some amazing figures for a sub $1.00 stock:

Revenue: $1.40 a share
Assets: $1.18 a share
Cash: $.065 a share

The company press release about the 10K filing has a run down of 2009 highlights, which you can see at the end of this post. Below are a few of my own and the reasons why this stock could see some more upside in 2010.

SPMI closed the trading session at $.085

• The market cap for SPMI after today's close is just under $600,000.
• Revenues for 2009 were $9.8 million or $1.40 a share
• Total Assets at the end of 2009 $5.9 Million or $1.18 a share
  
• They ended 2009 with $449k in cash. Cash per share $.065
• Net Income increased to $86,694 in 2009 compared to a loss from continuing operations of $134,801 in 2008 for a total increase in net income of $221,495 year over year.
  
• They have reduced liabilities by 34% since 2008.
• They plan.. " to use the cash flows provided by operations to open between one and three new stores in 2010 and to enhance our ability to pursue other opportunities to increase our business."

Notice how they plan on expanding their business using cash flow, not debt issuance, not equity exchanges, but from the utilization of the companies cash. For a stock trading at $.085 to be able to say that is quite impressive in my book. Not only are they making money, they are using that money for expansion.

It is quite apparent that SPMI is at the stage where it no longer is reliant upon outside forces to fund their business and growth plans. They have also taken the responsible step of writing off the impairment on the Mr. Sticker acquisition, which accounted for the $(.53) headline number :

The Company determined that goodwill recorded from the acquisition of the assets of Mr. Sticker, Inc. was impaired due to a decline in operating performance and anticipated future performance at the stores located in Texas.

Recognizing and accounting for this impairment will only help the bottom line down the road, instead of doing what many companies do and kick the proverbial can down the road.

SPMI's last earning report brought a bevy of buying that took the stock over $.30 a share. With this after hours release I think many investors will have time to look it over and find many positives, just as I did. Considering the value SPMI brings its shareholders on a per share basis, the fact that they grew net income by over $200,000 this year, and the opening of new revenue producing stores, SPMI is an undiscovered penny stock that I can see trending higher over the course of the year.

Add it it your watch list.

March 30, 2010 05:15 PM Eastern Daylight Time

Speedemissions, Inc. Reports Fourth Quarter & December 31, 2009 Year End Results

ATLANTA--(BUSINESS WIRE)--Speedemissions, Inc. (OTC Bulletin Board: SPMI - News), a leading vehicle emissions testing and safety inspections company with testing stores in Atlanta, Houston, St. Louis and Salt Lake City today announced its financial results for the fourth quarter and year ended December 31, 2009.

2009 Highlights:

• Income from continuing operations excluding the 2009 goodwill impairment expense of $2,873,766 increased to $86,694 in 2009 compared to a loss from continuing operations of $134,801 in 2008.
• Revenue increased 1.4% to $9,916,678 for the year ended December 31, 2009 compared to revenue of $9,779,942 for year ended December 31, 2008. The increase in revenue was led by a 2.6% increase in same store sales over the comparable period of 2008.
• General and administrative expenses decreased 20.2% to $1,411,296 during the year ended December 31, 2009 compared to $1,768,519 in the same period of the prior year.
• Net loss for the year ended December 31, 2009 was $2,787,072 or ($0.53) per basic and diluted share compared to a net loss of $495,776 or ($0.10) per basic and diluted share in 2008. Excluding the goodwill impairment expense, the Company earned $0.01 per diluted share in the year ended December 31, 2009 compared to a loss of ($0.10) per basic and diluted share in 2008.
• Since December 31, 2008, the Company used cash provided by operations to decrease its current liabilities by 42.0% and its total liabilities by 34.4%.

Richard A. Parlontieri, President and Chief Executive Officer of Speedemissions commented:

“We’re pleased that we were able to increase revenue, improve our income from continuing operations and reduce our total liabilities in this most challenging economic environment. We expect to use the cash flows provided by operations to open between one and three new stores in 2010 and to enhance our ability to pursue other opportunities to increase our business.”

Revenue in the fourth quarter of 2009 totaled $2,259,078, a decrease of 1.7%, compared with revenue of $2,298,475 in the same period last year. On a same-store basis, Speedemissions, Inc.’s fourth quarter sales were down 2.3%. This was in line with the Company’s expectations as its fourth quarter revenue from its Texas operations in 2008 included tests postponed in September 2008 as a result of Hurricane Ike.

Excluding the goodwill impairment expense of $2,873,766, the Company’s net loss in the fourth quarter ended December 31, 2009 was $118,907 or ($0.02) per diluted share compared to a net loss of $171,266 or ($0.03) per basic and diluted share in the comparable period of 2008. Net loss for the fourth quarter was $2,992,673 or ($0.56) per basic and diluted share compared to a loss of $171,266 or ($0.03) per basic and diluted share in the comparable period of 2008.

About Speedemissions Inc. http://www.speedemissions.com

Speedemissions, Inc., based in Atlanta, Georgia, is a leading vehicle emissions testing and safety inspections company in the United States. We provide services in certain areas where auto testing is mandated by the Environmental Protection Agency (EPA). Since the emissions testing market is highly fragmented, Speedemissions expects to be the first company to create a national brand offering their customers quick and efficient vehicle emissions testing service. The current focus of the company is in the Atlanta, Georgia; Houston, Texas; St. Louis, Missouri and Salt Lake City, Utah markets.

Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Speedemissions' products and services, its ability to succeed in growing revenue, the effect of new competitors in its market, integration of acquired businesses, and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.

Tuesday Stocks To Watch - TNXI, EMXC, ETLS, SARO

TNXI has traded down long enough.  It is mounting a rally and I think $.15 is the next short term stop.

EMXC this stock is curling up for a big price breakout.  $.01 could be seen as soon as tomorrow.

ETLS is back to its old ways.  Slow steady accumulation.  With the low share count and high insider ownership there is no reason why this stock shouldn't be trading over $.002 a share.

SARO was up again today.  I think it could see $.0012 or better before the run is over.

TNXI - The Guru's Buy and Hold Is Ripe For A Rally

TNXI, a Guru Buy and Hold stock, has recently sold off after the initial earnings euphoria.  This was to be expected.  Penny stock traders have very short memories and move on to the next active stock.  The same thing happened to POWN early this year after the Disney stake was revealed.  The stock mounted a 2-3 day surge and then sold off.  After the sell-off POWN underwent an impressive rally bringing the stock from less then $.10 a share to over $.70 a share.  I think the same type of price action is coming TNXI's way.

Why?

TNXI had over $28 million in revenues in 2009 with a net income of $.04 a share.  Considering this stock was recently trading for $.08 a share, to say this stock is undervalued would be quite modest.  I do understand the company has some significant debt obligations, but if you take away interest payments the picture gets even rosier.

My point is this: the company has finally turned the corner.  When TNXI has finally broken free and paid off its debt the stock will be trading at $2 - $3 a share.  Do the math now on the EPS.  Using a conservative multiple of 10 for just the 4th quarter result of $.04 a share, TNXI would be a $.40 stock.  Factor in another 3 quarters of equal or greater net income numbers and you are looking at a $1.60 stock.  Use a multiple of 15, still very conservative and you get price per share of $.60 just on the 4th quarter number, $2.40 if you carry that number through out the year.

The bottom line: this stock is trading well below what it's true value is.  By the time TNXI has truly turned the corner this stock will have soared well beyond today's close.  Remember this was a $7 a share stock only a few years ago.

TNXI remains a Guru Buy and Hold.  Keep it on your watchlist.

EMXC - Breakout Imminent

This weekend I posted an EMXC chart and noting $.006 as a point of significant resistance.  Today the stock broke through that price point and surged higher.  The $.006 level now acts as support, and today's break of that level confirms the upside scenario.

Tuesday should see continued buying and a possible test of $.01.  Remember the book value of these shares, per the company, is $.08.  I think investors are just starting to realize the value of this stock.

My weekend chart:

Today's chart:

Stocks To Watch Monday - EMXC, PGPM, ETLS, THRR

EMXC, closed at $.0049 on Friday. It should get out of the gates strong and finish the holiday shortened week having tested and broken the $.01 mark.

PGPM seems to be consolidating for another test of recent highs. This stock trades in a wide range, keep this is mind if you are looking at taking a position.

ETLS this stock has traded off after a recent burst higher. I expect it to get back on its feet this week with the continued slow buying that we've grown accustomed to.

THRR is on the watch list because I still enjoy watching it trade. Regardless of all the news, fluff, hype, believers, and non-believers, this stock has been an excellent trade more many people. I still feel anyone holding longer than a day will be on the wrong side of the trade going forward. This stock remains a highly liquid, volatile stock that can be utilized to make quick profits.

EMXC - The Guru Expects Big Gains For This Stock In 2010

EMXC had several press releases over the last few months, and appears ready to impress this year. Investors have bumped up the stock with each promising press release, but the gains have yet to stick. I do not think these investors have done their homework about EMXC, which makes this stock a fabulous buying opportunity at these current prices.

The company has posted that their book value alone is $.08 a share. That represents any assets, less liabilities. With the current share structure that book value number equates to over $100 million in assets.

Only a few weeks back the company issued a thorough and promising press release. If they can follow through on these plans then this stock will be trading well over $.01 in short order. I do believe that the recent news and future prospects make this stock one to own in 2010.

Let's cover a few important and value adding aspects of this company.

• They are in the process of uplisting with NASDAQ. If that in itself doesn't get you excited than I don't know what will.
• They have finished preparing their corporate financials through the end of 2009 and they are being reviewed by the company's Corporate Accountant and then the SEC auditors.
• They have prepared a full disclosure information statement, which is being prepared to be filed at their corporate website, at www.pinksheets.com, and the SEC.
  
• They have prepared numerous other filings for the SEC and Pinksheets that will be filed in the very near term.
  
• They are currently rebuilding and rebranding all the EMAX Internet sites, including their online store ad media platforms.
  
• They have retained the SEC auditing services of Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to prepare the company's financial audits and to help further work towards meeting SEC fully reporting status for up-listing.
  
• They have retained the services of McMullen Associates LLC, http://www.mcmullenassociates.com, as securities legal counsel for the company. The attorneys at McMullen Associates have over 20 years' experience working with public trading company preparing documents, procedures and filings to meet SEC fully reporting status for up-listing to OTCBB exchanges as a fully reporting company.
  
• Finally: The company believes the shareholders will be happy in seeing the true value in those dividends when they read the financials, which the company is preparing to present in the very near term.
• And EMAX Finance has invested into the opening of a full-service real estate company in Florida."

For $.0049 a share you are getting a whole lot of value. With over $100 million in assets, per their posted book value, and the fact that investors have neglected to dig any deeper than the surface, you are getting a stock very few know about, one that will get you in before investors realize the value in these shares.

I think I have set some reasonable price targets below. Ones that will be attainable considering the modest share structure. One that has remained unchanged the last few years. The lack of dilution with this issue is another positive factor going forward. Also the company has stated that they do not intend to reverse split the shares.

EMXC 3/26/2010 Closing Price : $.0049

2010 Price Targets For EMXC
Short Term Target (Less Than 2 days): $.009
Meduim Target (Between 2 and 30 Days) : $.02

eMax Holdings Corporation is a holding company investing in multimedia and family entertainment content and properties through four corporations (eMax Technology Group., eMax Media Group, Inc. eMax Networks Group, Inc. and eMax Finance, Inc. with divisions eMax Music, eMax Studios, and eMax TV. These seven operating areas offer technology-driven, high-quality products and services focusing in real estate acquisition & development, music concerts and live show events, pre-recorded music and videos, outdoor sports and special events, feature film and television programming production, and the sales of software and IT technologies

EMAX NETWORKS GROUP is in the process of acquiring companies in the Internet, Broadcasting, Communications and Wireless Industries.

EMAX MUSIC'S principle business is the wholesale distribution of pre-recorded music in the form of CD's, Cassette Tapes, DVD's, Video Tapes.

EMAX PRODUCTIONS attends and promotes numerous outdoor sports and Special Events. The Company receives revenue from the rental of vendor spaces, admission receipts, motorcycle accessory and parts sales, food, beverage and merchandise sales.

EMAX STUDIOS manages all feature film production, television specials and program production and home video activities

EMAX TV plans to launch a 24 hour broadcast network which will showcase all family entertainment movies, television shows and Music and internet and communication services.

eMax Worldwide, Inc. Presents Updates to Shareholders of Their Progress in Becoming Fully Reporting and Up-Listed on NASDAQ
CHIPLEY, FL, Mar 10, 2010 (MARKETWIRE via COMTEX) -- eMax Holdings Corp. (PINKSHEETS: EMXC) recently renamed eMax Worldwide, Inc. states recent activity updates. EMAX Worldwide has been very busy the past few months working very diligently to getting in complete fully reporting status and up-listing the company on NASDAQ.

The Company's President, Roxanna Weber, stated, "We would like to thank each and every shareholder who has been patient while we have worked long hours to work hard towards making eMax Worldwide, Inc. fully reporting and up-listed. We have been working with FINRA and Pinksheets and have enjoyed the professional experience. With all the new compliance rules, it is taking all us a little longer to do things correctly and completely, but we are getting ready to cross the finish line and then the real work begins. We do appreciate all shareholders' input, calls and emails to our office. We do try to respond to every inquiry. At this time, we would like to give all shareholders a recap of the work the company has finished in the last seven months. The Company has: 1. Finished preparing their corporate financials through the end of 2009 and they are being reviewed by the company's Corporate Accountant and then the SEC auditors. 2. Prepared a full disclosure information statement, which is being prepared to be filed at their corporate website, at www.pinksheets.com, and the SEC. 3. Prepared numerous other filings for the SEC and Pinksheets that will be filed in the very near term. 4. Is currently rebuilding and rebranding all the EMAX Internet sites, including their online store ad media platforms. 5. Has put together an independent auditing committee. 6. Has retained the SEC auditing services of Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to prepare the company's financial audits and to help further work towards meeting SEC fully reporting status for up-listing. 7. Has scheduled its first shareholder meeting for December 3-5, 2010, at the Edgewater Beach & Golf Resort, gulf-front in Panama City Beach, Florida. eMax Worldwide guests can call reservations at 800.874.8686 to book their reservations or book online at www.edgewaterbeachresort.com using Promo Code: 1405. 8. Has retained the services of McMullen Associates LLC, http://www.mcmullenassociates.com, as securities legal counsel for the company. The attorneys at McMullen Associates have over 20 years' experience working with public trading company preparing documents, procedures and filings to meet SEC fully reporting status for up-listing to OTCBB exchanges as a fully reporting company. 9. EMAX Media Group has announced previously they have decided to go public, and the company has approved using the guidance and services of their SEC counsel McMullen Associates LLC to be the spin-off registration matters. During this process, the company's Board of Directors has made a decision that the dividend shares that are being issued in the companies named Freedom Entertainment in 2003 and the shares issued in 2005 in the name EntertainMax will be granted the right to be exchanged into the EMAX Media Group company and registered and freely trading shares on a share-for-share basis. The company will be announcing shortly the value of those dividends, which are at the transferred agent waiting for mailing. The company believes the shareholders will be happy in seeing the true value in those dividends when they read the financials, which the company is preparing to present in the very near term. 10. EMAX Finance has invested into the opening of a full-service real estate company in Florida."

Roxanna Weber stated, "We hope this information gives our shareholders a better idea of where the company stands and where we are headed a little bit more. We expect year 2010 to be a very successful."

About eMax Worldwide, Inc. eMax Worldwide, Inc. (www.emaxcorp.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through five corporations. eMax Worldwide, Inc. holds stock interest in EMAX Media Group., EMAX Networks Group, Inc., EMAX Technology Group, Inc., EMAX Finance, Inc. and Washington Realty Corp.

Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.

Contact:
eMax Worldwide, Inc.
Roxanna Weber
850-638-3920
info@emaxcorp.com

Stocks To Research This Weekend - SARO, RMDM, FOYJ

SARO busted 100% higher on 783 million shares, hitting $.0007 numerous times before settling at $.0006. I'd keep a close eye on this stock Monday morning and would expect some follow through on today's action.

RMDM had some interesting filings come across Pink Sheets today, a share lockdown. Yesterday they issued a share buy back release. I expect this stock to trade above $.0012 in the near term after today's $.0008 close.

FOYJ hit some scanners with some impressive volume and closed up 91%. Let's see what we can find out about this stock this weekend. Are more gains in store next week?

THRR - Due Diligence?

How much due diligence would you have to do if someone offered to buy your house for 1ox's more than its worth? I'd be selling the house on the spot, no sense waiting for the idiot to change his mind. Today THRR stated they are now "starting due diligence phase" and the next phase will be the starting final document phase. This offer has been known since March 9th and you are just starting this now? Give me a break!

THRR has a supposed offer from some yet unnamed entity, person, alien.... the company has yet to relay this important information so we can only speculate who has the money to buy over 10 billion shares for $.01. This same person is spending millions of dollars on a company, that per its last unaudited quarterly results, lost over $400k and boasts total assets of a little over $400k. How that warrants a 1,000% premium and a purchase price in the millions is beyond me.

With the company losing the equivalent of their entire assets each quarter I'd think it was more likely they'd be filing for bankruptcy protection, not getting bought out.



Thresher Industries Confirms Offer for 100% Sale of the Company PR Newswire "US Press Releases "

HANFORD, Calif. , March 26 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR), issued a statement today from CFO Roger Rowell to clarify numerous inquiries regarding the sale of the company as discussed in its March 24, 2010 conference call.

"I would like to thank everyone who attended the call, and for your positive feedback and continued support. We believe our decision to move forward with the sale of Thresher is in the best interests of our shareholders," said Mr. Rowell. "After the call, we received numerous inquiries regarding the use of term 'mini-tender offer.' I apologize for any confusion this has caused and would like to clarify that the offer we received was unequivocally to buy 100% of the issued and outstanding shares of Thresher Industries for $0.01 per share.  We are now starting the due diligence phase of the process and once that is complete the next phase will be the finalizing of all documents necessary to close this transaction; which could be as soon as April 10, 2010 . We will continue to update everyone on the process."

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California , the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe . For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.


Contact: Thresher Industries, Inc. Tel: 559.585.3400 www.thresherindustries.com info@thresherindustries.com


SOURCE Thresher Industries, Inc.

GBVS - Lawyer pleads guilty in fraud conspiracy, stock manipulation

Lawyer pleads guilty in fraud conspiracy, stock manipulation

Mar. 26 --A Kentucky attorney has pleaded guilty in Tulsa to taking part in a fraud conspiracy that prosecutors say involved the manipulation of publicly traded "penny stocks."

James Reskin , 51, of Louisville also admitted Thursday that he misled investigators for the Internal Revenue Service and the Department of Justice during a meeting in Tulsa on March 6, 2008 .

Reskin; Tulsa attorneys George David Gordon and Richard Clark of Tulsa ; Dean Sheptycki of the Bahamas ; and Joshua Wayne Lankford of the Dallas area were indicted under seal on Jan. 15, 2009 .

The charges, which were unsealed Feb. 10, 2009 , alleged a conspiracy in which the defendants purportedly pumped up the stock value of three companies and then dumped the stocks quickly, leaving others to absorb losses.

Gordon and Clark are set for trial on April 5 . Sheptycki and Lankford are yet to make initial appearances in Tulsa federal court.

On Thursday, Reskin stated that from 2005 until late 2006 he entered into a conspiracy with Gordon "and others" to commit securities fraud, wire fraud and money laundering.

Reskin said he became aware in late 2005 that "Gordon and others were attempting to illegally manipulate the stock price" of Global Beverage Solutions , a Tulsa company for which he was doing legal work at the time.

To further that goal, Reskin said he wrote a letter on Sept. 14, 2005 , falsely stating that he had consulted with 26 shareholders of Global who had agreed to remove the company's officers.

As

a result, Reskin claimed Thursday that Clark was installed as president of Global by Gordon.

Also, Reskin said he made two wire transfers from the sale of Global stock in December 2005 in the total amount of $575,000 from his escrow account to an account controlled by Gordon, even though Reskin knew at the time that Gordon was not the seller of the stock.

Reskin said he made false statements in the March 2008 meeting with federal investigators on topics such as possession of a log of stock-related wire transfers, his knowledge of an offshore account used to conceal stock ownership and money, as well as his knowledge of the effect of e-mail and fax "blasts" related to Global stocks.

U.S. District Judge James Payne is tentatively scheduled to sentence Reskin, who is free on bond, on Aug. 25 .

David Harper 581-8359 david.harper@tulsaworld.com

To see more of the Tulsa World, or to subscribe to the newspaper, go to http://www.tulsaworld.com.

Copyright (c) 2010, Tulsa World, Okla.

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EVFN - Reaching New Lows

Remember how I called this lemon out for what it is? No one believed me back then. Maybe this chart will make you a Bob Wilcox believer:

LYJN - Time To Sell

After posting some very impressive gains LYNJ is a stock to be sold. I expect this stock to be trading below $.02 a share in short order.

Stocks To Watch Friday - RMDM, CCMC, BDGR

RMDM up 50% on Thursday. I expect some follow through on Friday.

CCMC I'd be wary holding this stock for more than a day. I think it could see more gains, as this company stock has run in the past, but beware of the reverse split.

BDGR was brought to the subscriber forum today by a well respected member. The stock posted some serious gains today and I expect more tomorrow. Add it to your watch list.

Stocks to Watch Thursday - THRR, WTCG, CFSC, KATX

THRR you know how I feel about this stock. I was right yesterday about the volatility. It went as high as $.003 a share before crumbling to $.0008. I suspect more carnage is in the cards as investors finally come to their senses regarding the supposed fantastical $.01 buyout. This stock is heading right back to $.0001, where it belongs. The only thing that will change that is another 4,000-1 reverse split, which can't be that far off.

WTCG this stock is one to be accumulated while the attention is else where. I like this stock longer term and think anything below $.003 is a gift.

CFSC I told my subscribers how I was impressed that this stock not only held its 525% gain from yesterday, but added to that gain today. That is impressive! Usually a stock will at least pull back a little. This tells me that something big is in the works and investors are holding on to see exactly what that is. At these prices, and with the positive trading action today, I think anything purchased around these prices could pay off handsomely down the road.

KATX I still feel KATX is on the brink of a breakout. A 20-30% break higher is coming and coming soon. That will confirm my short term $.10 target.

CYCA - I'm Not The Only One Making The 1,000%+ Picks

Back on March 16th, with CYCA garnering very little attention, a highly respected Guru member noted that $.0004 - $.0006 would make an excellent entry into the stock. He also noted recent changes going on behind the scenes.



Since that time the stock has post over a 1,000% gain. It has been a remarkeable run for CYCA, but by the looks of today's action the ride might last quite a bit longer. I followed on the coattails of this subcriber and included CYCA in several watch list posts.

Sometimes it isn't too late to get into these stocks.

Subscribers - Check Your E-Mail

Subscribers check your email. Be sure this address is where you want the pick sent to. Also make sure you recieved the email. If not let me know right away.

THRR - Don't Say You Weren't Warned

THRR hit $.003 earlier today as drunk investors somehow believed the fabulous tale of a $.01 buyout.

After today's brief conference call it appears investors have sobered up.

The resulting crash is why we trade these stocks and very rarely believe the hype.

CGAQ - Believe The Company Inspired Hype?

Today's CGAQ press release brought significant volume to the stock, the question is....is the buying warranted? Was this press release bona-fide? Would you want to be holding shares of this stock going forward?

I'll be quick to the point. No, maybe, and no.

The press release seems like a company orchestrated promotion. If you want investors to like your financials, then file 10q's and 10k's with the SEC. Don't release a fluffy press release that is lacking substance.

With penny stocks it is all about following the herd and buying the hype. Just be sure you are selling the hype before the herd, or you will get trampled.


Caribbean Casino and Gaming Corp Offers Stockholder Guidance With Key Statistics After Its First 150 Days of Operations: CGAQ on Target for First Quarter Profitability With a Price to Book Value of 3.05
MIAMI, FL, Mar 23, 2010 (MARKETWIRE via COMTEX) -- Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) offered stockholder guidance today, based on its Sosua Bay Grand Casino Location's first 150 Days of Operations.

CEO Steven Swank commented, "We are committed to continuing to provide Investor communications at the highest quality and strive to make investing in CGAQ as transparent as possible while we continue our growth. Further, we are proud to release a guidance estimate such as this, for our first 150 days of operations."

During the first 150 days of operations Caribbean Casino and Gaming Corp. estimates the following guidance based solely on its Sosua Bay Grand Casino location.

Outstanding Shares:                   89,217,301
Gross Earnings:                       $474540US
Book Value Per Share:                 $0.023 
Current Price to Book Value:          3.05   
Annualized Earnings Per Share:        $0.0128
Current Annualized Price to Earnings: 5.47   
Company ROI Annualized:               55.68% 

The company's estimates are based solely on the Sosua Bay Grand Casino Location and do not include recent promotional expansion considerations and/or re-investment of earnings for future expansion.*

Mr. Swank continued, "Our ability to maximize efficiencies, gain international exposure and penetrate the local market clientele have provided us to become profitable within the first 150 days of business while many companies operate for 3 years before attaining profitability. We have defined an unprecedented business model in the Dominican Republic and continue to find the best opportunities available to replicate the model for the benefit of our stockholders."

*estimates are based upon the company's share price of $0.07 pre-market open on 3-23-10 and yearend results for 2009

About Caribbean Casino and Gaming Corp:

Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) is the owner and operator of the Sosua Bay Grand Casino. The corporation is focused on becoming a leader in the Caribbean for gaming and entertainment to include live betting in its partnership with Kenilworth Systems Corporation from cameras located above tables within the Sosua Bay Grand Casino. Not only will Caribbean Casino and Gaming Corp offer world class gaming and accommodations within its facilities for those visiting our properties, but also allow patrons to wager (where allowed) from the comfort of their own home or hotel room. The casino is now the centerpiece in the Sosua Bay Resort at Puerto Plata, Dominican Republic, the largest and most populated Caribbean Island.

FORWARD-LOOKING STATEMENT This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Caribbean Casino and Gaming Corporation undertakes no obligation to update such statements.

Contact:
Caribbean Casino and Gaming Corp
Tyler Cornell
Investor Relations
Email Contact
631-765-8762

Wednesdays Stocks To Watch - CYCA, VIPR, CFSC, THRR

CYCA was up again today.  It looks to be getting some good momentum going.  Next stop would be $.003 if the buying continues.  Keep it on watch.

VIPR what an ugly day.  Close to a billion shares traded, record volume for the issue.  Someone took the bid and smacked it with a sledge hammer all day.  This put a damper on our target, and while I am hopeful for a bounce, I'd wait to see if the selling stops.

CFSC up 525% today on big buying volume.  I suspect more gains may be on the way.  The stock hit an intra-day high of $.007 before falling back.  Considering this stock was recent trading below $.001 I am surprised it held its gains so well.  This could imply that the stock is tightly held, meaning any demand for the stock will send it much higher.  If this one is not on your watch list I suggest you put it there.

THRR do not think I've changed my view of this stock.  With the Conference call tomorrow it will be a stock that sees volatility and volume.  This could be a sell the news event.  With a $.01 buyout offer approved by the board, this stock should be at $.009 or better..... unless this was all a ploy to get you to buy the stock.  Hmmmm.....

AZTC - $.11 to $.0084

Today's reverse split announcement illustrates the fragility of these stocks.  One minute your up almost 100% the next minute your down big.  If you bought at $.11 today and didn't sell on the crash, then you are down over 90%.  That is why I say, if you can't afford to lose your investment do not trade penny stocks.  Of course those who bought AZTC at $.002 and up and sold made 1,000%+ profit.  So there are two sides to the coin.  Let's hope you were on the profitable side.

AZTC - New Ticker UMLS - 1,000 -1 Reverse Split

Nothing like a good ole fashion reverse split to spoil the day. After surging almost 100% higher the company decided today was the day to let shareholders know they'll be getting the shaft via a 1,000 - 1 share recapitalization.

It's a wacky penny stock world these days.

AZTC - Up Another +78%

AZTC - The Chart Says It All

THRR - Conference Call Date Set - Thank Goodness

I waited all weekend wondering when that THRR conference call would occur.  Today's press release left me and THRR shareholders at ease.  The stock rallied late in the session on this development.

I am salivating at the chance to dissect the contents of this call.

Let's see... the offer is for $.01 a share, why isn't this stock trading at $.0099 a share?  It is either the arbitrage play of a lifetime or the company is lying to everyone?  Hmmm.

Is that buyer still willing to buy all the billions upon billions of shares of stock for $.01 when there is plenty to be had at $.0012 - $.0017?

You make the call.  March 24th at 11am.





Thresher Industries Announces Conference Call
HANFORD, Calif., March 22, 2010 /PRNewswire via COMTEX/ -- Thresher Industries (Pink Sheets: THRR) is announcing it has finalized its plans for a conference call to investors. The conference call is for shareholders and interested parties, to clarify the offer received on March 9, 2010 to purchase Thresher Industries. Roger Rowell, the company's CFO, will speak, as well as the company's Securities Counsel. The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010. Thresher will have the call in information posted on its website www.thresherindustries.com. About Thresher Industries, Inc.
Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact:

    Thresher Industries, Inc.
    Tel: 559.585.3400
    www.thresherindustries.com
    info@thresherindustries.com

SOURCE Thresher Industries, Inc.

www.prnewswire.com

Copyright (C) 2010 PR Newswire. All rights reserved

-0-

KEYWORD:          California
INDUSTRY KEYWORD: MCT
                  OTC

Tuesday Stocks To Watch - EFLN, TSLI, CYCA, VIPR, GAGI

EFLN soared today after the open.  The stock is more than ready for a burst higher and today looks like the start of a decent bounce.  I'd keep a close eye on this one throughout the week.
TSLI  posted astrong trading session and looks ready to mount another move higher.  With the potential of $20 million in revenue hitting the books on this low share count stock, the upside has yet to be fully price into this stock.
CYCA offered a decent close for shareholders, and could post more gains as the week progresses.
VIPR continues to be a stock of interest and one to watch this week.  I do not think $.005 is out of the question short term
GAGI was up almost 40% today.  I get a few emails about this stock from time to time.  I think it's a buy on the dips.

KATX - Heading Closer To $.10 This Week

The Guru has been following KATX for quite some time. The stock is now ready for its next big move higher.

With Friday's close of $.052 I expect more gains in store for this issue. For those of you patient enough to wait out this stock, then congratulations to you. I believe your wait will be rewarded.

TSLI - Trading Well Below Fair Value Pre-Merger

TSLI is trading well below its future value considering the impending acquisition of Addamo Vineyards. With the acquisition TLSI will be bringing in roughly $20 million per year in revenue. That amounts to $.50 per share, a very impressive figure for a stock that closed trading Friday at $.019 a share.
With TSLI's low share structure a valuation of $.10 - $.15 per share would be a reasonable number. Factor in the lack of investor interest, now is the time to take advantage of this, before the stock gains attention. We want to be buying these stocks before the crowd, not after.

At $.019 TSLI presents a very real investment opportunity, with the potential to pay off handsomely down the road.

These are my targets:

$.05 short term
$.15 long term.

Stocks To Research This Weekend - TSLI, WTCG, TNXI,VIPR, ETLS

I will be quick with these and I would enjoy some feed back on these names:

TSLI acquisition coming will be huge for shareholders.

WTCG the stock tested recent highs and should trade above them next week.

TNXI my new buy and hold, I think anything around this $.10 level will be golden down the road.

VIPR another Guru I told you so.  $.0035.

ETLS  I started the week off with ETLS at $.0007 and it did not disappoint.  I think next week will be even more impressive.

THRR - The Questions You Need To Ask For The Conference Call

1. Why would someone buy billions of shares of stock at $.01 when it is being traded at only $.0006 a share?
2. How does a company that is losing $400,000+ a quarter get a buy out offer that is over 1,000% more than the current trading price of its stock?
3. Why did you reverse split the stock at a ratio of 4000 to 1 two years ago and how did that benefit shareholders?
4. After your reverse split the share count was reduced... where did these billions upon billions of shares come from post reverse split?  Are you diluting or did you hire Mr. Wizard to create these shares out of thin air?
5. Per your last press release you stated that a vote was not needed from shareholders to accept this buy out offer, a shareholder vote is also not required for a reverse split either... right?  You can reverse split the stock at your earliest convenience?
6. Does this $.01 buyout, if it ever gets done, come after the next 4,000 for 1 reverse split?  Or do you have a larger reverse split ratio in mind?
7. Can I have the buyers contact information?  I have some worthless items I am willing to sell for a few million dollars.

These are just a few questions I would be asking as a concerned shareholder.  I am not a shareholder, but if I was this is a good foundation for the conference call.





Thresher Industries Announces Conference Call
HANFORD, Calif., March 19, 2010 /PRNewswire via COMTEX/ -- Thresher Industries (Pink Sheets: THRR) is planning a conference call to investors and interested parties to clarify questions that have been brought to the company and its counsel about an offer received on March 9, 2010 to purchase Thresher Industries. It is anticipated that the company's CFO, Roger Rowell, will speak, as well as the company's Securities Counsel. The call is in the planning stages, but will occur before Friday, March 26th, 2010. Thresher will announce the conference call once a time and date have been agreed upon by both parties. About Thresher Industries, Inc.
Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact:

    Thresher Industries, Inc.
    Tel: 559.585.3400
    www.thresherindustries.com
    info@thresherindustries.com

Friday Stocks To Watch - ETLS, TSLI, PGPM, AZTC

Little has changed from Thursday when the Guru had huge runners on his watchlist.


ETLS is a stock that continues to impress.  Readers had the chance to buy and sell for over a 100% gain so far.  I think this run is still getting going.  I stick to my .005 short term target.  That represents a 300%++ gain from today's close.

TSLI is a stock to accumulate while it remains under the radar.  The company issued an 8-K last month about an acquisition, but that has not been press released as of yet.  The time to buy these stocks is before everyone knows about them.  TSLI, Tapslide, remains cloaked inside a very hot penny stock market.

PGPM I brought you this stock two days ago at $.0005 and it hit $.0014 today.  I hope some of you listened to my post.  I liked the way it traded today and think another day or two of consolidation will be healthy before it makes its next move higher.

AZTC was on my watch list yesterday as well.  The stock closed up again today, and bears watching heading into the weekend.

TSLI - Ripe For The Picking

TSLI issued an 8-K with the SEC late last month that seemed to slip under investors radar.  Tapslide (TSLI), according to the 8-K,  is looking to get the assets of Addamo Estate Vineyards, http://www.addamovineyards.com.  Take a quick peek at the web site and you'll see this is a multi-million dollar operation.

More compelling is the fact that this acquisition is being covered along side NYSE mergers and acquisitions.  A popular merger and acquisition site is covering the Addamo Estate Vineyards and Tapslipe acquisition as well as those of Black Stone Group (BX : NYSE) and Deere and Co. (DE : NYSE).  Here is the link: http://www.pehub.com/66193/ma-monday-7/ .  This is dated March 15th which makes me suspect the deal is imminent.

The coverage of the TSLI/Addamo Vineyards along side big board stocks illustrates the value  this merger will have for current shareholders of the stock.  Upon release of the completion of the acquisition TSLI will most certainly soar, as shares are revalued to represent the new assets and revenues.  The time to buy a stock like TSLI is before the news hits the wires. 

Also consider the low share count for this stock.  Insiders hold a more than 50% stake in the roughly 40 million shares.  Once investors realize the potential, shares will get tough to come by and the price per share will rise significantly.

TSLI closed trade on Thursday at $.011 a share.  Once word of this acquisition spreads around the investment community I would not be surprised with a $.03 - $.04 price.  If the company press releases the finalization of the acquisition TSLI could break $.05 and move substantially beyond that. 

Keep TSLI on your watch list going forward.

Thursdays Stocks To Watch - PGPM, TNXI, ETLS, AZTC

PGPM is a stock the Guru thinks could hit $.001 in the next few days. A break of $.001 would give $.0015 some credence. Let's see increased volume and another +15% day before we start jumping on the bandwagon, although I have a good feeling about this one. I think before all is said and done this stock will trade at $.002 or more. I've been wrong before, just not very often.

TNXI the Guru's brand new Buy and Hold failed to disappoint today. Call me crazy with this stock, but I could see $1 coming in a rather quick and violent fashion. Of course it could pull back like POWN did after if burst up from $.06. It would give everyone an amazing buying opportunity. My point is do not jump the gun. Let the price come to you.

ETLS popped early in the morning before settling down. The continued orderly ascension of this stock is very impressive. Each notch higher makes this stock an even more impressive play going forward.

AZTC this stock has posted a chart we all like to invest in. Imagine grabbing shares in AZTC only a few weeks ago. You'd have made 1,000% on your purchase. Let's see what tomorrow brings.

TNXI - A Guru Buy and Hold - Explanation Part I

I added TNXI to my Buy and Hold list on an impressive earnings report on Monday. I put a short term $.25 target on the stock with a longer term $1 price. That was when this stock was at $.083. Remember a few months ago I did the same thing with POWN. POWN was at $.06 a share and I gave a short term target of $.25 and a long term target of $1.25. POWN hit $.70 today a full 1,000%+ from my Guru Buy and Hold call.

I think TNXI could pull a POWN and then some.
Here is one thing to get you excited if you are a TNXI shareholder. This was a $7 stock only a few years back. With this company mounting an impressive turnaround, I expect investor interest to return with a renewed vigor.

PGPM - Could See a Big Jump From The Current Trading Range

PGPM, for the first time in several years, issued some press that appears to have gone unnoticed by most investors.

With a current price of $.0005, I think the recent news, and lack of investor interest presents a great buying opportunity.

I could see this stock trading over $.001 in the coming days. If the company comes through on its March 3rd press and issues its financial results than I would move that target even higher.

I would keep PGPM on your watchlist for the foreseeable future.

Pilgrim Petroleum Announces 4Q Results for 2009 and Updates on Operations and Development Programs for 2010
DALLAS, March 3, 2010 /PRNewswire via COMTEX/ -- Pilgrim Petroleum Corporation (Pink Sheets: PGPM) (FWB:PHV), an independent oil and gas company based in Dallas, Texas, announced that the company will report its financial results for Q4 ending on December 31, 2009 in the next few weeks; the company is also starting new drilling and development programs in the North West Texas area. Pilgrim Petroleum is also pleased to announce the hiring of a new Chief Operating Officer, Matt O'Bryant. Mr. O'Bryant will be responsible for managing the day-to-day activities of the Company, including field operations, and will interface with the Company's broad advisory support. Mr. O'Bryant's former professional focus was on both private and publicly traded energy related projects and ventures, including most recently, the ownership of an enhanced oil recovery engineering firm focused on the development of advanced pressure maintenance systems for marginal shallow wells.

About Pilgrim Petroleum Corporation

Headquartered in Dallas, Texas, Pilgrim Petroleum Corporation is a publicly traded company (OTC:PGPM.PK) (Frankfurt: PHV.F). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primarily on marginal fields, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.

Forward-Looking Statements: The statements, which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.

2010 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein. For more information see our website at www.bpetroleum.com or contact our IRFax number at 972-381-0401.

Contact:
Matt O'Bryant
Pilgrim Petroleum Corporation
972-381-0400
mobryant@bpetroleum.com

THRR - Penny Stock Guru Initiates Procedure For Laughing In An Accelerated Manner

Anyone else laugh the instant they read today's THRR press release? The only difference between today's press release and yesterday's is that they used a thesaurus this time around to make it sound more eloquent. The first line is what really got me going. I have copied and pasted it for you expeditiously:

Thresher CEO Tom Flessner was happy to announce that "as of March 16, 2010 the Board decided to initiate procedures to finalize the sale of the company in an accelerated manner."

How about some more details? $.01 for all the outstanding shares? The buyer must be a real sucker to be buying shares at $.01 when there are billions to be had at $.0025 and below. Calling the offer "exorbitantly admirable " is even more laughable. I think saying the offer is majestically unrealistic would be more appropriate, as long as the theme remains using big words instead of real numbers.

Thresher Industries Inc. Initiates Procedures for Sale PR Newswire "US Press Releases "



HANFORD, Calif , March 17 /PRNewswire-FirstCall/ -- Thresher CEO Tom Flessner was happy to announce that "as of March 16, 2010 the Board decided to initiate procedures to finalize the sale of the company in an accelerated manner." On March 9, 2010 , Thresher Industries received a proposal to purchase their company. The proposition was later approved and disclosed preceding the Board of Directors of Thresher - Industries (Pink Sheets: THRR) special meeting. The Board of Directors opinion is that this offer is exorbitantly admirable with a proposed settlement that exceeds the current market price range. Thresher Industries has been advised by their Corporate Attorneys that the approval to act is not necessary by shareholders and that the Board of Directors has in fact been in contact with the majority shareholders and party's have agreed to the offer price of $0.01 for any and all outstanding shares. Thresher would like completion and closing of the deal before April 10, 2010 .

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California , the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe . For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.


Contact: At Thresher Industries, Inc. Tel: 559.585.3400 www.thresherindustries.com info@thresherindustries.com


SOURCE Thresher Industries, Inc.