The Micro Cap Opportunity

05/22/2008
The MCO Daily - Before the Bell for Friday May 23rd, 2008

The Micro Cap Opportunity 'Daily'
‘Before the Bell’ for Friday, May 23rd, 2008

On the Radar: PAVC, RUNU, BOGA, SPNG, ICOG, IMMU

This morning's top Micro Cap trading ideas include, Paivis Corp. (OTCPK: PAVC), Rudy Nutrition (OTCPK: RUNU), Baseline Oil & Gas Corp. (OTCBB: BOGA), Spongetech Delivery Systems, Inc. (OTCBB: SPNG), ICO Global Communications Holdings Ltd. (NASD: ICOG), Oncolytics Biotech, Inc. (NASD: ONCY).

PAIVIS CORP. (OTCPK: PAVC)
Up 20.00% Yesterday

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

Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. 

Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international 

wholesale termination. Products are sold throughout many of the country's major retail outlets, including Duane 

Reade, 7-Eleven, and Chevron.

Recent PAVC News:

May 22, 2008 - Paivis, Corp. Continues Its Efforts to Expedite Merger Agreement Deliverables

PAIVIS, CORP. ("PAIVIS") (PINKSHEETS: PAVC) today notifies its shareholders that it continues its effort to expedite its deliverables required pursuant to the merger agreement with TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (OTCBB: TCHH).

The Company has completed some key items and is now planning to reorganize part of its team to increase the effort in the short term.

Edwin Kwong, the Interim Chief Executive Officer of PAIVIS, commented: "For the ultimate benefit of our shareholders we are going to implement a plan to reorganize part of our team to put more emphasis on expediting what has to be done for the Merger Agreement with Trustcash. We believe this plan will aid in producing results at an increased pace. We will continue to keep our shareholders informed."

RUDY NUTRITION (OTCPK: RUNU)
Up 15.79% Yesterday

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

Rudy Nutrition, Inc. is a manufacturer of health conscious "Rudy" branded products that offer great taste as well as healthy choices for parents, kids, and athletes. It was founded by Notre Dame Legend and the real life inspiration for the blockbuster movie "Rudy," Daniel "Rudy" Ruettiger. "Rudy" was recently named the 54th greatest inspirational movie of all-time by the American Film Institute. Rudy Nutrition is focused on creating, distributing and licensing "Rudy" branded products that offer healthier alternative choices backed by Rudy's inspirational message to "dream big and never give up." If you would like to receive e-mail announcements about Rudy Nutrition, Inc., additional information, or to contact a representative directly, please visit us on the web at http://www.rudynutrition.com or www.rudybeverageinc.com or www.avcg.net

Recent RUNU News:

May 22, 2008 - Bold New Look Aims to Create a Greater Impact for the Rudy Brand

Rudy Nutrition, Inc. (PINKSHEETS: RUNU) is pleased to announce a new label design that reflects a bolder and more distinctive look. The new label design includes the same inspirational "Dream Big. Never Quit." message. Along with the new label, the bottle cap will be changed to the color gold. The fresh packaging alternative was designed to stand out from other brands in the beverage marketplace.

President of Rudy Beverage Rocky Brandonisio stated, "This more dynamic look will appeal to more consumers and is expected to create greater impact on-shelf." He went on to say, "It's still the same, easily recognizable Rudy label, but greater emphasis has been placed on the nostalgia of the Rudy name."

The changes to Rudy Beverage are part of an overall marketing strategy to continue nationwide momentum and penetration into new markets. "Dream Big. Never Quit." is the marketing campaign of Rudy Beverage. This message will be reinforced with testimonials and promotional materials featuring the soon to be announced current and former professional athlete celebrity endorsers.

"Rudy Beverage reminds us all that if we dream big and never quit, great things will happen," said Daniel "Rudy" Ruettiger, Chairman of Rudy Nutrition, Inc. "We strongly believe that this message will resonate with consumers."

BASELINE OIL & GAS CORP. (OTCBB: BOGA)
Up 23.75% Yesterday

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

Baseline Oil & Gas Corp. (OTCBB: BOGA) is an independent oil and gas exploration and development company with three core properties which provide a very balanced reserve mix (50% oil, 50% natural gas): a 95%+ operated working interest in the Blessing Field, located in Matagorda County, Texas, a 100% operated working interest in a 4,600 acre waterflood located in the Stephens County, Texas Eliasville Field, and an 18%-19% non-operated net interest in leases covering approximately 171,000 gross acres in the New Albany Shale play located in the Illinois Basin of southern Indiana.

Recent BOGA News:

May 22, 2008 - Baseline Oil & Gas Corp. Announces Drilling Success and Progress On Its 2008 Capital Program

Baseline Oil & Gas Corp. (OTCBB:BOGA) ("Baseline", or the "Company") announced today the establishment of initial production from the first well drilled as part of its 2008 development program. The East Blessing #4 well was drilled in April to a depth just below 12,000 feet and was subsequently completed and tested in May. This well is currently producing 2,250 mcfpd and 120 bopd, with a flowing tubing pressure of 4200 psi. This is the first of 6 wells anticipated to be drilled by Baseline in Blessing field this year. The Company is currently drilling a second Blessing well, Southeast Blessing #3, and has reached a depth of 9,000 feet en route to a planned vertical depth of approximately 12,000 feet.

Blessing Field, south Texas

Baseline's overall 2008 capital program is budgeted at $20 million. Of this total, the Company plans to spend $14 million in the Blessing field developing the multi-pay Frio formation. This will allow the drilling of 6 new wells and performing workovers on 6 existing wells. In addition to the drilling results noted above, Baseline completed 2 of the 6 planned workovers during the second quarter and these two wells are producing at a combined rate of 800 mcfpd.

Eliasville Field, north Texas

In north Texas, the Company is drilling the first development well of its 2008 program. Baseline drilled and completed 5 wells in the field at the end of 2007 and early 2008, increasing gross daily production to nearly 700 bopd, the highest production level seen in this field for a number of years. The Company initially expected to spend $4.0 million in this field during 2008, drilling 12 new wells and working over 10 wells. The Company now anticipates the drilling of up to 20 wells this year and increasing the capital budget for this field accordingly.

The Company has proceeded with the western expansion of waterflood operations at Eliasville field. Additional injection wells have been permitted and water injection has been initiated in several previously idle wells. The ongoing infill drilling program and waterflood expansion are expected to significantly increase both daily production and recoverable oil reserves in the field. Baseline also plans to implement an alkaline-surfactant-polymer pilot flood later in the year. The Company continues to foresee the creation of significant additional value in this field from the planned combination of continued infill drilling, waterflood expansion and ASP flood implementation.

New Albany Shale, southern Indiana

Baseline continues to work with its partners on the New Albany Shale property, planning to complete and test existing wells and install a gas-gathering system. The Company does not expect to use all of its $2 million budget this year in Indiana and will redeploy part of the budget to the Eliasville field to fund additional drilling of oil wells, taking advantage of this very favorable oil price environment.

First Quarter Production

During the first quarter of 2008, Baseline's gross daily production at Blessing field averaged just over 4.6 Mmcfpd and 240 bopd, while production at Eliasville field averaged just over 680 boepd. This resulted in average net daily production of just over 7.5 Mmcfepd during the first quarter (or 1,257 boepd net). Oil production accounted for 54% of net daily production, while natural gas represented 46% of the total.

The impact of the 2008 capital program, in particular the East Blessing #4 and additional new wells, is expected to be seen in the second and subsequent quarters as new production from the drilling and workover programs are brought online. With the addition of the East Blessing #4 and workover wells, production at Blessing field is up 50% at the end of May.

The Company will continue to provide periodic updates on its drilling activities and production levels, as the results of Baseline's capital program become known throughout 2008.

SPONGETECH DELIVERY SYSTEMS, INC. (OTCBB: SPNG)

Up 17.11% Yesterday

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

SpongeTech(R) Delivery Systems is a development stage company, which designs, produces, and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. These sponge-based products utilize SpongeTech's(R) proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's primary product line has been designed specifically for automotive/vehicle applications, however, SpongeTech(R) is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children.

Recent SPNG News:      

May 22, 2008 - SpongeTech(R) Delivery Systems, Inc. Receives Orders from Major East Coast, Mexican, and South American Chains Totaling $4.95 Million Dollars

SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG) announced today that they received initial orders from three well-known east coast chain stores -- Winn Dixie, Ollie's, and Price Chopper, as well as Wal-Mart Mexico, including Wal-Mart South America. The three east coast chains have ordered "Shippers" of SpongeTech(R)'s Car Care Kits, which include their wash and wax sponge, a detail sponge, and a chamois. A shipper is a freestanding display containing 24 kits that is used within mass merchandisers to display new products prominently in key locations throughout their stores. Shippers are easy to ship, easy to display, and easy to refill.

SpongeTech(R)'s COO, Steven Moskowitz, said "We are planning to ship these products immediately. We are thrilled to be working with these reputable, well-known stores and hope to continue our relationship with them for future orders. The re-order from S A Trading continues to confirm the viability and 'sale ability' of our car care products. We are proud to move forward with them. These orders have been received since the recent Hardware Show held in Las Vegas in early May."

For more information please contact Investor Relations at 1-877-SPONGE T and ask for Bill Young or visit the company website at: www.spongetech.com

ICO GLOBAL COMMUNICATIONS HOLDIGS LTD. (NASD: ICOG)                                                                                                                           Up 16.13% Yesterday

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

ICO Global Communications (Holdings) Limited is a satellite communications company developing an advanced next-generation hybrid media system, combining both satellite and terrestrial communications capabilities. ICO G1 is capable of supporting wireless voice, data, and/or Internet services throughout the United States on mobile and portable devices. ICO is deploying a mobile interactive media service known as ICO mim(TM). ICO mim will combine ICO's unique interactive satellite capability with nationwide coverage to deliver a new level of navigation, enhanced roadside assistance and the ultimate mobile video experience, including 10-15 live channels of premium television content. ICO is based in Reston, Virginia. For more information, visit www.ico.com.

Recent ICOG News:

May 22, 2008 - Information on ICO Litigation with Boeing Satellite Systems

ICO Global Communications (Holdings) Limited (NASDAQ:ICOG) today is responding to a number of requests for information on its pending litigation with The Boeing Company and Boeing Satellite Systems International (Boeing).

ICO has been notified by the Court that the trial, which was previously scheduled to begin on May 5, 2008, has now been confirmed to commence on June 16, 2008. The trial will be open to the public, and case information can be found at www.lasuperiorcourt.org, case number BC320115.

ONCOLYTICS BIOTECH, INC. (NASD: ONCY)
Up 6.42% Yesterday

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

Oncolytics is a Calgary-based biotechnology company focused on the development of oncolytic viruses as potential cancer therapeutics. Oncolytics' clinical program includes a variety of Phase I/II and Phase II human trials using REOLYSIN(R), its proprietary formulation of the human reovirus, alone and in combination with radiation or chemotherapy. For further information about Oncolytics, please visit www.oncolyticsbiotech.com

Recent ONCY News:

May 22, 2008 - Oncolytics Biotech Inc. Transfers 40-Litre cGMP Manufacturing Process for REOLYSIN(R)

Oncolytics Biotech Inc. ("Oncolytics") (TSX:ONC, NASDAQ:ONCY) announced today that it has successfully transferred cGMP production for REOLYSIN(R) at the 40-litre batch size to SAFC Pharma(TM), a Division of Sigma-Aldrich Corporation. This follows the successful scale-up from 20 litres to 40 litres announced by the Company last year.

Yields at the 40-litre scale should provide sufficient doses to support future development plans leading to registration and also anticipated early stage commercial requirements. Development work to support further scale-up to the 100-litre level is currently underway.

"Manufacturing at a commercial scale is an integral part of our development plans for REOLYSIN(R)," said Dr. Matt Coffey, Chief Scientific Officer of Oncolytics. "We have built a solid relationship with SAFC Pharma through numerous projects ranging from media optimization to scale up efforts, and we are very pleased to be working with an international leader with a proven track record in biologic manufacturing."

"We are very proud to be Oncolytics' chosen partner for cGMP production of REOLYSIN(R). Consistent with our previous announcement of a $12 million expansion of capacity, we will be in a position to support commercial production of REOLYSIN(R)," said Jeffrey L. Strobel, Ph.D., Site Director at SAFC Pharma's Carlsbad operation. The Carlsbad operation of SAFC Pharma supports the viral vector and vaccine community with its process development and analytical laboratory expertise, as well as its cGMP capability (cell and virus banks, bulk virus manufacturing, and formulated, filled, and finished drug).

About SAFC: SAFC(R) is the custom manufacturing and services group within Sigma-Aldrich that focuses on high-purity inorganics for high technology applications, cell culture products and services for biopharmaceutical manufacturing, biochemical production and the manufacturing of complex, multi-step organic synthesis of APIs and key intermediates. SAFC has manufacturing facilities around the world dedicated to providing manufacturing services for companies requiring a reliable partner to produce their custom manufactured materials. SAFC has four focus areas - SAFC Pharma, SAFC Supply Solutions(R), SAFC Biosciences(TM), and SAFC Hitech(TM) - and had annual sales of nearly $600 million in 2007. SAFC is one of the world's 10 largest fine chemical businesses. For more information about SAFC, visit www.safcglobal.com.

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