The Micro Cap Opportunity

03/17/2008
The MCO Daily - Before the Bell for Tuesday, March 18th, 2008

On the Radar: MCII, IAHL, WTER, GGLB, IVAN, PACT

This morning's top Micro Cap trading ideas include Mariner’s Choice International, Inc. (OTCPK: MCII), IAHL Corp. (OTCPK: IAHL), Water Chef, Inc. (OTCBB: WTER), Green Globe International, Inc. (OTCBB: GGLB), Ivanhoe Energy, Inc. (NASD: IVAN), PacificNet, Inc. (NASD: PACT).

Featured Pick
MARINER’S CHOICE INTERNATIONAL, INC.  (OTCPK: MCII)
Down 10.00% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=MCII.PK

Mariner's Choice provides high-performance and eco-safe recreational and industrial solutions to the marine industry utilizing leading edge biodegradable technologies. Mariner's Choice products reduce the cost of ownership, operations, and maintenance of marine assets. Each product is tested to exacting standards and performance levels of excellence, while providing the greatest benefit and satisfaction to the recreational and industrial customer. Mariner's Choice "green" products and nano-technology is a timely response to the environmental and health concerns that affect people globally. For more information on the Company, please visit on the Internet at http://www.marinerschoice.net.

Recent MCII  News:

March 17, 2008 - Mariner's Choice Enters Euro 23.4 Billion European Marine Market; Signs New Greek Distributor.

Mariner's Choice International Inc., (Pink Sheets:MCII) today announced that the company has agreed to terms with, and received its initial stocking order of products to Greece-based Tsirigotis G. O.E., a major European marine parts and supplies distributor that sells products to commercial cruise line operators and industrial freight and cargo shipping lines. The milestone distribution agreement and first shipment of products represents the Company's first foothold into the European marine market.
The European recreational, commercial and industrial marine sectors represent major target markets for Mariner's Choice, as there are an estimated 6.5 million marine vessels located within the borders of the European Union (E.U.) - an average of 1 boat for every 43 people - with nearly half of all Europe's residents, 280 million in-total, living near the coastline. According to the European Union Recreational Marine Industry Group, in 2005, the E.U.'s recreational boating industry alone was comprised of some 37,200 businesses with at least 272,000 direct employees generating in the region of Euro 23.4 billion in revenue, which does not factor in industrial and commercial sectors that tend to be far greater in revenue and scope.
Aside from the compelling "coastline" population and target market demographics, progressive E.U. standards and regulation with respect to environmental protection provide an ideal market environment for Mariner's Choice "eco-safe" products, as the E.U. has taken extensive, broad sweeping measures to ensure that pollution does not take place in European river basins, lakes and seas. Recently, the International Council of Marine Industry Association (ICOMIA), Marine Engine Committee (IMEC) and The European Commission have begun an impact assessment to look at the possibility of even more stringent engine emission regulations in the E.U.
Additionally, private advocacy groups are helping to drive increased environmental consciousness, and by extension, a more lucrative market for Mariner's Choice products in Europe. The Blue Flag program (www.blueflag.org), an international marine environmental advocacy group, is drawing attention to protecting water in marinas and beaches throughout Europe - as well as in many other parts of the world including Australia, the Caribbean and South Africa - calling for strict anti-pollution measures to be in place in order to gain acceptance and accreditation by the organization and display its highly-revered "blue flag".
Mariner's Choice CEO, Amie Hingston, commented, "We are very pleased and excited to have attained such an important milestone as securing our first European Distributor and we are fortunate to have such a dynamic sales organization 'leading the charge' for us across the pond. Tsirigotis G. O.E. is a major distributor in Europe, representing such large European companies as ERG S.P.A, the largest independent group operating in the energy and petroleum sectors in Europe. Tsirigotis G. O.E. has conveyed their enthusiasm in our 'eco-safe' products and the market opportunity for them, particularly our MC-Marine Fuel Catalysts, which uniquely address Sulfur Emission Control Area (SECA) regulation." She continued, "Furthermore, the strength of the Euro is making U.S.-based suppliers more attractive to European consumers, which should help aid sales in the European market. We look forward to significant sales from Tsirigotis G. O.E. in 2008 as we continue to build our pipeline of European distribution."

IAHL CORP. (OTCPK:IAHL)
Up 40.00% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=IAHL.PK

The company holds major proprietary and technological patents for certain aircraft, that once implemented will astound the aircraft industry; the target market of the company is the under-served rural areas of the world.

Recent IAHL  News:

March 17th, 2008 - IAHL Corporation Announces Share Buy-Back Program

IAHL Corporation (PINKSHEETS: IAHL) announced today that its Board of Directors has approved a share buyback program of up to 8,000,000 shares. The shares will be purchased from the open market and in private transactions if the Company deems the price appropriate.
Peter Van Dyke, Chairman, said, "I believe that at current market price, the buyback of some of our stock will provide our shareholders with a better return on their investment based upon pending acquisitions. The pending acquisitions are extremely lucrative and will prove out my foresight."
Mr. Van Dyke also stated, "That the company will aggressively pursue all obtainable shares as it is certain that once certain acquisitions are completed, shares of his companies' stock will substantially increase in value."
 
WATER CHEF, INC. (OTCBB:WTER)
Up 29.41% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=WTER.OB

The Company has extended its' Pure Safe Water System, based on a patented technology to a new First Response System being developed by its' Engineering and Technology team in Israel. The system is designed to meet the increasing demand for pure potable water during man-made water crises or natural catastrophes such as Hurricane Katrina. The Company plans to file new patent applications to protect the unique features of the system and to have a working model completed in the first quarter of 2008.

Recent WTER News:

March 17th, 2008 - Malcolm Hoenlein to Join the Board of Directors of Water Chef, Inc.

Leslie J. Kessler, President and Chief Executive Officer, Water Chef, Inc. (OTC BB: WTER) is pleased to announce the appointment of Malcolm Hoenlein to the Board of Directors of the Company.
Mr. Hoenlein is the Executive Vice Chairman/CEO of the Conference of Presidents of Major American Jewish Organizations, the coordinating body on national and international Jewish concerns for 52 national Jewish organizations. He was on the editorial board of ORBIS, the Journal of International affairs and a Middle East specialist at the Foreign Policy Research Institute. Mr. Hoenlein serves as an advisor to many public officials and is frequently consulted on public policy issues. He appears regularly in the media and has traveled throughout the world meeting governmental, business and world leaders. He is a recipient of many awards and tributes and serves on the boards of various companies including Bank Leumi USA, Keryz Pharmaceuticals, ODF, and Manhattan Pharmaceuticals.
Mr. Hoenlein holds a B.A. in Political Science from Temple University and a Masters degree from the University of Pennsylvania's Department of International Relations, where he completed his doctoral course work.
As Ms. Kessler has stated, "This appointment adds a valuable resource to the Company's leadership and will open new avenues to business opportunities for Water Chef, both- domestically and internationally."

GREEN GLOBE INTERNATIONAL, INC.  (OTCBB:GGLB)
Up 62.79% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=GGLB.OB

Green Globe International, Inc. is the majority owner of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related green businesses. The company also holds a majority interest in Global Travel Exchange, Inc., whose Voyager Network travel distribution platform provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities.

Recent GGLB News:

March 17th, 2008 - Green Globe International, Inc. Announces Changes to Its Board of Directors

Green Globe International, Inc. (OTCBB: GGLB), which has acquired 88% of Green Globe, Ltd., a British company that owns the Green Globe brand, the premier international brand for sustainable travel, tourism and related businesses, today announced the appointment of travel industry veteran Charles Kao to the company's Board of Directors. In addition to the appointment of Mr. Kao, the Board has appointed Steven R. Peacock, who also serves as a chief executive officer of the company, as managing director of the Board and has accepted the resignation of Geoffrey Lipman as a director.
A Current Report on Form 8-K regarding the Board changes will be filed with the Securities and Exchange Commission today.
During the past 30 years, Mr. Kao has served as chief executive officer of several travel related companies, including charter flight companies, retail travel agencies, meeting and convention planners, destination management companies, special interest groups, FIT operators, and air consolidators based in the U.S., Europe and the Orient.
Since 1989, Mr. Kao has served as managing director of Travelware. Travelware's focus is on the technology needs of tour companies, hotels, airlines, tourist boards, convention locations, visitor bureaus, car rental companies, travel management companies and Fortune 1000 companies' travel departments. Customers include Carlson WagonLit Travel, American Express Travel, Kuoni/Zurich, Grey Line Worldwide, Japan Travel Bureau International, Jet Vacations, Jetset Tours, Texas Instruments, Xerox, Allied Signal, and Accor Group/Paris.
Since 1995, Mr. Kao has been very active in travel related eCommerce in over 20 countries. Mr. Kao is the co-founder of Tiss.com (USA), with partners Deutsch Telecom and Lufthansa Group in the Omnis Online global tourism marketplace. Tiss.com offers online consolidator airfare in 20 countries in 9 languages and is responsible for launching Travelocity and One Travel's consolidator program in 1996.
Mr. Kao currently serves as group chairman and publisher of TravelMole.com and TravelMole.TV. TravelMole.com is an online media company which publishes 15 eNewsletters to over 450,000 travel and tourism industry professional subscribers and 70 million consumers in 132 countries. TravelMole.TV engages in Internet video production and broadcasting to a global audience of 150 million. Since 2003, Mr. Kao has served as president of OmniTravelSeach, Inc. OmniTravelSearch develops meta search solutions for travel/tourism enterprises and was awarded and owns the meta search patent in 1999. In addition, Mr. Kao has served as chairman of Omni Tourism, LLC since 2001. Omni Tourism owns and develops proprietary software for designations to manage, aggregate and distribute their content and manage their destinations.
Mr. Kao graduated from University of Michigan with a bachelor's degree in Industrial Engineering. He has been or is currently a member of ASTA (American Society of Travel Agents), SITE (Society of Incentive Travel Executives), ACTE (Association of Corporate Travel Executives), NBTA (National Business Travel Association), Society of Travel & Tourism Educators, PATA (Pacific Area Travel Association) and CLIA (Cruise Line International Association). In addition, he is the founder of TTA (Travel Technology Association) and TOWARD (Tour Operators & Wholesalers Achieving Real-time Distribution).
Mr. Lipman resigned his Board position with Green Globe International in order to continue to focus on critical work in the public sector.
As a result of Mr. Lipman's resignation and the appointment of the two new directors, the Board now consists of Gary Nerison, Terry De Lacy, Mr. Kao and Mr. Peacock. There are no plans at present to fill Mr. Lipman's position on the board.
"We would first like to thank Mr. Lipman for his stewardship of the Green Globe program since its inception and for his enormous contribution in bringing the Green Globe brand to Green Globe International," stated Mr. Peacock. "He played an integral role in facilitating the acquisition of Green Globe, Ltd., and we certainly understand his desire to focus his efforts on the public sector and its interface with private sector action and wish him only the best. In this context we strongly reaffirm our support for UNWTO initiatives related to sustainable tourism, poverty alleviation and response to global climate change, which will be a cornerstone of Green Globe International's mission statement."
"We are pleased that Charlie Kao has accepted an appointment to the Board and believe that there are few people in the global travel and tourism industry that are better suited to provide oversight and leadership for the company than Mr. Kao. His experience in a variety of businesses and organizations within and related to travel and tourism gives him a unique perspective, and we are very lucky to have him associated with Green Globe International," added Mr. Peacock.
Green Globe International encourages all shareholders and others interested in following the progress of the company to subscribe to receive email alerts whenever new information is made public. The company's email alert system is currently located at http://www.gtrexcapital.com/investor.php. All mailing list contacts from this site will be transferred to a new Green Globe International website as soon as it is launched.

IVANHOE ENERGY, INC.  (NASD:IVAN)
Up 1.03% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=IVAN

Ivanhoe Energy is an independent international heavy-oil development and production company focused on pursuing long-term growth in its reserves and production using advanced technologies, including its proprietary heavy-oil upgrading process (HTL). Core operations are in the United States and China, with business development opportunities worldwide.

Recent IVAN News:

March 17th, 2008 - Ivanhoe Energy initiates major restructuring in preparation for multiple, commercial HTL Heavy-Oil Projects

Robert Friedland is assuming the leadership of Ivanhoe Energy Inc. (TSX: IE, NASDAQ: IVAN) and will serve as Executive Chairman and Chief Executive Officer to guide the company through a major corporate and management restructuring in preparation for the implementation of multiple, full-scale, commercial HTL(TM) heavy-oil projects in Canada and internationally.
Mr. Friedland's appointment as Executive Chairman and Chief Executive Officer is expected to become effective at the company's Annual General Meeting on May 29, 2008. Robert Abboud, a former President and Chief Operating Officer of Occidental Petroleum Corporation, will continue to serve as Ivanhoe Energy's Co-Chairman.
The restructuring is planned to enhance Ivanhoe Energy's pursuit of its central mission to develop heavy-oil assets using its proprietary, HTL (Heavy-to-Light) oil-upgrading technology.
"The successful conclusion of the HTL testing phase and the growing global focus on the utilization of heavy-oil reserves has resulted in numerous opportunities for the commercial application of HTL in Canada, South America, the Middle East, North Africa and elsewhere," Mr. Friedland said. "These significant opportunities require a corporate structure that will facilitate the implementation of HTL projects and maximize returns for Ivanhoe Energy."
As part of the reorganization, Ivanhoe Energy will establish a number of geographically focused, self-funding entities. The parent company Ivanhoe Energy Inc. will aggressively pursue HTL opportunities in the Athabasca Oil Sands of Western Canada and will hold and manage the core HTL technology. Two new subsidiaries will be established, one for Latin America and one for the Middle East & North Africa, complementing Sunwing Energy Ltd., Ivanhoe Energy's existing, wholly owned company for China. David Martin will lead the subsidiary for Latin America as Chairman and CEO, and Leon Daniel will lead the subsidiary for the Middle East & North Africa as Chairman and CEO. Ivanhoe Energy Inc. initially will own 100% of each of these subsidiaries, although the percentages would be expected to decline as they develop their respective businesses and independently raise capital.
This structure will allow the development and financing of multiple HTL projects around the world, while minimizing dilution of Ivanhoe Energy's existing shareholders. This is in response to very significant heavy-oil opportunities Ivanhoe Energy has identified in Latin America, the Middle East and North Africa. Ivanhoe Energy's senior management believes this approach enhances Ivanhoe's ability to organize and focus its existing resources and to build the dedicated teams required to execute these large projects. In addition, the geographical alignment will facilitate financing from region-specific strategic investors, some of which already have been identified, and also will enhance flexibility in accessing global capital markets.
Mr. Friedland will focus his efforts on corporate restructuring, finance and the closing of commercial transactions. Mr. Friedland, the founding Chairman of Ivanhoe Energy, most recently has been serving as Deputy Chairman of the parent company and Co-Chairman of its China-focused subsidiary, Sunwing Energy.
In addition to the establishment of the new regional business units for Latin America and the Middle East and North Africa, Ivanhoe Energy will continue to build its HTL capabilities around two centres: Houston, Texas, and Calgary, Alberta.
Houston, a world centre of excellence for petroleum refining and processing technologies, is Ivanhoe Energy's HTL technology base. Dr. Mike Silverman, formerly VP Petrochemicals at KBR (formerly Kellogg Brown & Root) and currently Ivanhoe Energy's Chief Technology Officer, will lead the HTL technology group from Houston. Dr. Silverman's team will provide HTL support and services to the upstream and project development groups within Ivanhoe Energy, as well as within the regional subsidiary companies.
Calgary is Ivanhoe Energy's base for Canadian oil sands project development. Selected key technical heavy-oil experts are expected to relocate to Calgary from Ivanhoe's office in Bakersfield, California, and additional upstream heavy-oil experts in Calgary are being recruited.
Further details on Ivanhoe Energy's senior management structure will be announced in due course.
Ivanhoe Energy's Board of Directors also is being restructured to more closely align management experience with the goals of the various business units. As part of this process, a number of directors will retire from the Ivanhoe Energy Board to assume directorships in the subsidiary companies. The number of directors on the Ivanhoe Energy Board is expected to be reduced from 12 to seven members.
    Four key components of the Ivanhoe Energy Group
    -----------------------------------------------
    The restructuring will create four geographically focused entities:

                            ---------------------
                             Ivanhoe Energy Inc.
                                 TSX, NASDAQ
                            ---------------------


            ---------------------------------------------------------

    -----------------          -----------------           -----------------
     Sunwing Energy,            Ivanhoe Energy,             Ivanhoe Energy,
        China                   Latin America                 Middle East
                                                             & North Africa
    -----------------          -----------------           -----------------


    1)  Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN) will focus on Canada, the
        United States and other areas not addressed by its subsidiaries. The
        primary emphasis will be on HTL heavy-oil opportunities in the
        Athabasca Oil Sands. This company will incorporate the core HTL
        technology team and will hold the HTL intellectual property on behalf
        of the organization. Ivanhoe Energy will pursue joint ventures with
        heavy-oil asset owners and the outright acquisition of heavy-oil
        assets. Ivanhoe Energy also will include Ivanhoe's existing US
        conventional oil and gas activities.

    2)  Sunwing Energy Ltd., Ivanhoe's wholly-owned company with existing
        conventional operations in China, will focus on HTL heavy-oil
        opportunities as well as conventional oil and gas opportunities in
        China and Southeast Asia, including the significant heavy-oil
        deposits in Indonesia. Sunwing's management will continue to be led
        by Co-Chairmen Mr. Friedland and Patrick Chua, and President Gerry
        Moench.

    3)  Ivanhoe Energy Latin America will focus on HTL heavy-oil
        opportunities in Latin America. Management will be led by Mr. Martin
        as Chairman and CEO, and is expected to include selected Ivanhoe
        Energy personnel currently based in Bakersfield, California, who have
        extensive Latin American experience. Mr. Martin currently is
        Executive Co-Chairman of Ivanhoe Energy Inc. Mr. Martin and Mr.
        Daniel, who is Deputy Chairman of Ivanhoe Energy Inc. and is expected
        to be on the Board of Directors of this subsidiary, have more than 50
        years of combined experience in negotiating and executing major oil
        and gas projects in Latin America, primarily during their careers
        with Occidental Petroleum. This includes the 1.2-billion-barrel Cano
        Limon field in Colombia, with the associated 500-kilometre pipeline
        across the Andes, the 30,000-barrel per day Alturitas field in
        Venezuela, and various projects in Ecuador and Peru.

    4)  Ivanhoe Energy Middle East & North Africa (MENA) will focus on HTL
        opportunities in those regions. In addition, this company will
        incorporate Ivanhoe Energy's Gas-to-Liquids (GTL) technology team and
        GTL intellectual property, and will continue to advance the GTL
        project in Egypt. Management will be led by Mr. Daniel as Chairman
        and CEO and is expected to include existing Ivanhoe personnel based
        in London, England. Mr. Daniel currently is Deputy Chairman of
        Ivanhoe Energy. Mr. Daniel and Mr. Martin, who is expected to be on
        the Board of Directors of this company, have more than 50 years of
        combined experience in negotiating and executing oil and gas projects
        in the Middle East and North Africa, primarily while with Occidental
        Petroleum. This includes the 100,000-barrel per day Idd El Shargi
        North dome in Qatar, the giant 2.4-billion-barrel Intisar and Augila
        Nafoora fields in Libya, and the 200,000-barrel per day Masila field
        in Yemen.

        Strategic discussions for Ivanhoe Energy Middle East & North Africa
        have been initiated with investors based in the United Arab Emirates
        and other Middle Eastern countries, and potential projects have been
        identified across the region, including in Egypt, Libya, Iraq, Oman,
        Kuwait, Bahrain and Syria.

    HTL technology rights
    ---------------------
Ivanhoe Energy's patents and other intellectual property related to HTL heavy-oil upgrading, and the core HTL technology team led by Dr. Silverman, will remain with Ivanhoe Energy Inc. Agreements will be established between Ivanhoe Energy and the subsidiary companies for site licenses for HTL projects identified outside Canada and the US, and for HTL technology support.
Restructuring schedule
----------------------
A new Board of Directors for Ivanhoe Energy will be elected at the Annual General Meeting on May 29. It is expected that Mr. Friedland will assume responsibilities as Executive Chairman and CEO immediately following the meeting. The new entities for Latin America and the Middle East & North Africa will be established in coming weeks, together with the necessary inter-company agreements covering technology and inter-company finances.
Conference call
Ivanhoe Energy will host a conference call today, Monday , March 17, for investors and analysts at 4:30 p.m. EST (1:30 p.m. PST) to discuss 2007 fourth quarter and year-end results and provide an update on operations. The conference call may be accessed by dialing toll-free 1-866-540-8136 in Canada and the United States, or 1-416-340-8010 in the Toronto area and internationally. A simultaneous webcast of the conference call will be provided through www.ivanhoeenergy.com. The call will be archived for later playback by dialing 1-416-695-5800 and entering the pass code 3252629 followed by the number sign, or via www.ivanhoeenergy.com. The archived playback will be available until April 18, 2008.
 
PACIFICNET, INC. (NASD: PACT)
Up 58.82% Yesterday

Detailed Quote: http://finance.yahoo.com/q?s=PACT

PacificNet, Inc. ( http://www.PacificNet.com ) is a leading provider of gaming and mobile game technology worldwide with a focus on emerging markets in Asia, Latin America and Europe. PacificNet's gaming products are localized to their specific markets creating an enhanced user experience for players and larger profits for operators. PacificNet's gaming products include multi- player electronic table games such as baccarat, sicbo and fish-prawn-crab, roulette machines, Server-Based Games (SBG) with multiple client betting stations, slot and bingo machines, Video Lottery Terminals (VLTs), Amusement With Prizes (AWP) machines, gaming cabinet and client/server system designs, online i-gaming software design, and multimedia entertainment kiosks as well as the Octavian line of casino management software, hardware and games. PacificNet's gaming clients include the leading hotels, casinos, and gaming operators in Macau, Europe and elsewhere around the world. PacificNet also maintains legacy subsidiaries in the call center and ecommerce business in China. PacificNet employs about 1,800 staff in its various subsidiaries with offices in the US, Hong Kong, China, UK, Russia, Ukraine, Italy, Germany, Argentina, Colombia, India and Australia. For more information please visit http://www.pacificnet.com and http://www.octavianinternational.com .

Recent PACT News:

March 17th, 2008 - PACT Provides Market Update

PacificNet, Inc. (Nasdaq: PACT), a leading provider of gaming technology, Customer Relationship Management (CRM) and e-commerce in China, announced the following market updates today:
1. As previously reported, PACT has issued 2,330,000 restricted shares of PACT in connection with its recent acquisition of Octavian. 1,200,000 shares have already been given to the Seller in connection with the acquisition and 30,000 shares are in the process of being delivered to the Seller. These are restricted shares of PACT and cannot be sold for at least six months pursuant to SEC Rule 144 requirements. The rest of the 1,100,000 restricted shares will be held in an escrow account and will be released in 2009 in accordance with the payment and earn-out schedule in the Sales and Purchase Agreement."
2. Assuming the current stock market environment persists and without the possibility of new funding, PACT expects to achieve minimum $60 million revenue for Fiscal Year 2008, assuming no equity, convertible, or other financing during the year. The new projection is based on the scenario of no new fund raising, as compared to the earlier projection based on certain fund raising. Because PACT's gaming technology business model is partially based on revenue participation (profit sharing) after the installation of gaming machines at the operators, more funding means more gaming machine installation and more profit sharing opportunities for the company.
3. Addressing the multi-year low stock price, PACT believes that certain short selling groups are attempting to manipulate PACT stock price by selling its shares short on a "naked" basis. PACT notes the SEC's recent move to curb these market abuses and is glad to see that the regulators intend to step in to protect its long-term, strategic shareholders.

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