FEATURED THIS WEEK: Emission-Free Automotive Propulsion
EV Innovations Inc. (OTCBB: EVII)
Qualifies to the Next Round of the 2010 Progressive
Insurance's Automotive X-PRIZE and
Will Feature Its Wave II at
MOORESVILLE, NC, Oct 26, 2009
(MARKETWIRE via COMTEX News Network) -
EV Innovations Inc. (OTCBB: EVII),
www.evinnovations.com, 21st Century Design &
Engineering of emission-free automotive propulsion
systems using the latest lithium battery technology,
has qualified to the next round of the 2010
Progressive Insurance Automotive X-PRIZE.
EVII will also feature its state of the art 21st
Century design WAVE II in Las Vegas at SEMA, November
3rd to 6th, 2009.
For detailed Press Release please click below:
http://www.evinnovations.com/20091026
EV Innovations is looking forward to the opportunity
to show the world the groundbreaking developments
the company has been developing. They significantly
feel their breakthroughs will help change the way
the world looks at the automobile and its construction today.
From overall electrical engineering to space-age materials,
futuristic aerodynamics and a new standard for safety,
the company is prominently positioned
and its engineering staff is ready for the competition.
The X-PRIZE competition is intended to inspire
a new generation of viable, super fuel-efficient
vehicles that offer more consumer choices.
Ten million dollars in prizes will be awarded to the teams
that win a stage competition for clean, production-capable
vehicles that exceed 100 miles per gallon or energy equivalent (MPGe).
FORWARD-LOOKING STATEMENT:
This press release may include forward-looking statements
within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are based on the Company's current
expectations as to future events. However, the forward-looking
events and circumstances discussed in this press
release might not occur, and actual results could differ.
SOURCE: EV Innovations Inc.
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Mammoth Energy Group
Symbol- MMTE
Texas billionaire T. Boone Pickens
said that oil prices will rise above $100 a
barrel by the end of 2010
as the global economy recovers.
Oil prices in the $40 a barrel range
are "not going to be around much longer,"
Pickens told a gathering at the
James A. Baker III Institute for Public Policy
at Rice University in Houston.
Mammoth has signed an agreement to
acquire United Gas OK Inc. an Oklahoma
company with working interests in 17
producing gas wells and a deposit placed on
a 1,400 acre field and also in
Oklahoma that has the potential to drill 60
shallow gas wells.
Where other oil and gas exploration
companies seem to be focused on hitting
³home runs² with respect to their
exploration and drilling philosophy, and seem
to be content to spend substantial
cash resources to test for large oil and gas
reserves, Mammoth, on the other hand,
is concentrating on hitting low risk
"singles", preferring to methodically
build cash flow while keeping an eye open
for the occasional opportunity,
where when cash flow permits, it is warranted to
take a chance and "swing for the fences".
Mammoth is focused on executing 4 primary strategies:
1. To lease large areas of acreage in "hot area".
2. To drill low risk wells
that are in or near existing fields.
3. To develop low risk projects in Oklahoma
where shallow gas wells can be
brought into production with a very
high probability of success.
4. To acquire existing production that
possesses possibilities for expansion.
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