M2 PRESSWIRE-February 9, 2011-OTC ADVISORS, LLC: Huge Alert On: (OTCBB:SIRG) - (OTCBB:VSPC) - (PINKSHEETS:WTCT)(C)1994-2011 M2 COMMUNICATIONS
RDATE:09022011
Rochester NY -- www.otc-advisors.com names (OTCBB:SIRG) Sierra Resource Group, Inc. , (OTCBB:VSPC) VIASPACE, Inc. , and (PINKSHEETS:WTCT) WatchIt Technologies, Inc. its "Bulls of the day"!
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About Sierra Resource Group, Inc.
SIERRA RESOURCE GROUP, INC. (OTC Bulletin Board: SIRG) is U.S. based junior exploration and mining company committed to the exploration, discovery and development of copper, gold, silver, and other mineral resources. Sierra Resource Group Inc. holds mining rights and mineral concessions in Arizona and is looking to expand throughout the Americas in the near future. We are committed to exploring responsibly, maintaining environmentally friendly policies while impacting the local economy in a positive manner that will allow our shareholders to take pride in their investment.
For more information, please, visit our web site www.sierraresgroup.com.
News Today :
KINGMAN, Ariz., Feb. 9, 2011 Sierra Resource Group, Inc. (the "Company") has become aware that there are several organizations currently disseminating opinions, both favorable and unfavorable, regarding the Company. Some of these organizations send mass mailings through the U.S. Postal Service or are Internet web sites that, through message boards and analyst opinions, may disseminate statements that are not factual and are based solely on conjecture. These statements may discuss the perceived value of the Company, potential opportunities, anticipated financial results, or various other topics. The Company has not engaged the services of any of these organizations and has not provided any information to them, other than what they may have learned through the Company's public announcements and SEC filings.
"In assessing the value of an investment in our Company, investors should rely only on publicly available information contained in our SEC filings and our official press releases," said Patrick Champney, Chief Executive Officer.
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About VIASPACE Inc.
VIASPACE is a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and high-pollutant energy sources. Through its majority-owned subsidiary VIASPACE Green Energy Inc., the Company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, as a feedstock for bio methane production and cellulosic biofuels, and for other low-carbon, renewable energy products. VIASPACE Green Energy recently introduced its Green Log(TM) fireplace and campfire log product. For more information, please go to www.viaspace.com or www.viaspacegreenenergy.com, or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com.
News Today :
IRVINE, Calif., Feb. 9, 2011 VIASPACE Inc. (OTC Bulletin Board: VSPC), and its renewable energy subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF), announced today that they have signed a Memorandum of Understanding with PT Provident Agro of Jakarta Indonesia with the goal to use Giant King(TM) Grass as feedstock for a large scale pellet mill to manufacture a minimum of 300,000 metric tonnes per year of pellets for the export market, primarily in Europe.
Provident Agro owns extensive oil palm plantations and land in Sumatra, Kalimantan and Sulawesi, Indonesia with a total land bank of 150,000 hectares (370,000 acres) producing more than 23,500 tons of crude palm oil each year. Provident Agro is owned 50% by the Saratoga Group and 50% by Provident Capital Indonesia. The Saratoga group, headed by Edwin Soeryadjaya, Ernst & Young's Indonesian Entrepreneur of the Year in 2010, has extensive holdings in energy and natural resources including coal and palm plantations. Saratoga and Provident Capital Indonesia also own a network of cell phone towers in Indonesia.
Under the Memorandum of Understanding, Provident Agro will initially plant a 25 acre test plot in Indonesia using Giant King Grass seedlings provided under contract by VIASPACE. Details of the business relationship were not provided. Provident Agro has signed a Nondisclosure and Non-Circumvention Agreement with VIASPACE, and has visited the Giant King Grass plantation in China as part of its due diligence.
Giant King Grass is a very high yield, nonfood, low carbon energy crop that can be burned in electric power plants to replace coal. The carbon dioxide released when Giant King Grass is burned is reabsorbed by the next crop growing 120 days later. With only minor modifications, many existing power plants can burn up to 25% Giant King Grass pellets instead of coal, thus reducing their carbon emissions by 25% and meeting their emissions targets for the next 10 to 20 years while preserving their large capital investment. New power plants can burn up to 100% Giant King Grass.
Bloomberg reported on December 3, 2010, "The highest-priced coal in two years is making wood pellets a viable fuel alternative for U.K. power producers, heralding a doubling of electricity generation from biomass in the next three years...Benchmark coal for delivery next month in Northwest Europe has climbed 40 percent this year to close at $116.25 a metric ton yesterday, thehighestsince Oct. 24, 2008, according to data compiled by Bloomberg from broker prices. Pellets have fallen 0.7 percent this year to 126.30 euros ($167) a ton, according to APX-Endex, an Amsterdam-based exchange thatplansto begin trading of wood contracts on its system by mid-2011...Power companies are turning to biomass as the profit from coal-based electricity generation slides."
Giant King Grass is a dedicated and sustainably grown energy crop that provides an attractive alternative to wood pellets which are being criticized for diverting wood waste from current applications in the pulp & paper, plywood, veneer and engineered wood products industries.
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About WatchIt Technologies:
WatchIt Technologies is an alternative "incubator" for developing and emerging "Green Technology" companies and technologies. The Company's flagship product is the revolutionary "Fuel Reformer" technology. Its focus is on strategies that are structured to mitigate risk and produce returns in all market environments.
News Today:
ARDEN, NC, Feb 09, 2011 WatchIt Technologies Inc. (PINKSHEETS: WTCT) announced today that as a result of nationalizing the pending patents, the Company has received a verbal commitment for funding, with a signed term sheet to follow. The purpose of this financing is to take the Company's revolutionary "fuel reformer" to a pre production stage without diluting the common shares of stock.
"Members of the board are actively engaged in discussions with a select group of investors who are committed to assisting the company long term and as a result are willing to invest in the preferred series of stock. By offering this series of stock, it will provide the company with the necessary capital to accomplish its goals without having a dilutive impact on the common shares," stated Max Bennett, President and CEO of WatchIt Technologies. "Thus far the discussions have resulted in a presentation of a term sheet from one investor followed by a verbal commitment of acceptance. The investor has committed to a term sheet for a significant amount of durable non-dilutive financing. With the most recent discussions and negotiations, we are very optimistic about securing the first major investment dollars necessary to bring our breakthrough Fuel Reformer to the market."
"The company is proceeding in a planned and deliberate process in regards to financing, patent solidification and development," stated Bennett, President and CEO of WatchIt Technologies. "The process of bringing a new product to market requires the management team to understand and implement a multitude of steps and safeguards to insure our shareholders' investments are secure and future customers are getting the best product available. We are committed to keeping our shareholder base informed and up to date."
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