SOURCE: eLocity Inc.

May 19, 2005 07:10 ET

May 19th, 2005 Stock Trading Alert

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity.

SARASOTA, FL -- (MARKET WIRE) -- May 19, 2005 -- eLocity's stocks to watch for Thursday are -- Biogenerics Limited (OTC: BIGN), BEA Systems, Inc. (NASDAQ: BEAS), Markland Technologies, Inc. (OTC BB: MRKL), Energas Resources, Inc. (OTC BB: EGSR).

Investors may want to have a look at Biogenerics Limited (OTC: BIGN). On Wednesday, the company announced that Hydroslotter Corporation has completed analysis of an initial target well in Grimes, California, and the Joint Venture will commence, utilizing the hydroslotting proprietary technology to maximize well potential.

The company said the target well, a shut-in well that was originally drilled in 1986 and encountered potential gas pay in one of many intervals in the Forbes Formation, is located in the West Grimes Gas Field in the Sacramento Basin, in Colusa County, California. Biogenerics Limited said that a total of 380 MMCF gas was originally extracted from only one zone (avg. 300 MCFD). Geologically, the West Grimes gas field is one of a number of deep-marine depositional environments in the Forbes Sandstone Formation.

Biogenerics said that it is focusing on five different behind-pipe potential pay zones, adding that the analysis has shown that several of these behind-pipe zones have large quantities of additional gas. The company said that numerous wells in this immediate area have produced out of these other Forbes Formation zones at very prolific flow rates (up to 4,000 MCFD), have yielded excellent per well reserves (up to 5 BCF per well), and have long productive well lives.

One exciting aspect of the hydroslotting technology, the company said, is that it is one of the only technologies that works increasingly effectively to increase pressure. Biogenerics noted that successful implementation of hydroslotting will prove that it offers major benefits that are exclusive from all other technologies and will offer many benefits in all high-pressure formations. In the future, this aspect may lend itself effectively to deep trek formations.

Gary Kelley, Chief Executive Officer of Biogenerics Limited, stated, "The Andreotti well is an example of our strategy of focusing on low-risk exploration activities with concentrated efforts on technology, which we contend, will generate production levels not available in today's market. Biogenerics has minimized the up-front capital needed for this hydroslotting program with the possibility of increased cash flow. This provides a sound basis for the Company's continued growth as a profitable and successful energy producer.

"Additionally, we have started our hydroslotting drilling program in the 'dry' season, typically from April to November, and have avoided the contingency costs of the considerably more expensive 'wet weather' conditions," Kelley concluded.

Shares of Capital Hill Gold, Inc. Biogenerics Limited (OTC: BIGN) are trading at around 18 cents a share.

Other stocks making headlines on Wednesday were:

BEA Systems, Inc. (NASDAQ: BEAS)

Enterprise application infrastructure software provider, BEA Systems, Inc., announced its first quarter financial results after the bell Wednesday, posting net income of $35.8 million, or $0.09 per share, compared to $33.4 million, or $0.08 per share, in the same quarter last year. On a GAAP basis, BEA Systems reported first quarter net income of $34.1 million, or $0.08 per share, compared to $25.3 million, or $0.06 per share, in the same quarter last year.

Shares of BEAS closed Wednesday's regular trading session at $8.14 on volume of 8.3 million shares.

Markland Technologies, Inc. (OTC BB: MRKL)

Defense and homeland security company, Markland Technologies, Inc., announced Wednesday that it has been awarded new orders for technology products and services totaling $3.9 million from the U.S. Army's Night Vision and Electronic Sensors Directorate, one of the U.S. military's most advanced technological leaders.

Shares of MRKL closed Wednesday's trading session at $0.12 on volume of 11.689 million shares.

Energas Resources, Inc. (OTC BB: EGSR)

Privately held oil and gas exploration company, Double G Energy, Inc., announced Wednesday that it has filed a lawsuit in Pulaski County, Kentucky, against Energas Resources, Inc. (OTC BB: EGSR), TGC, Inc. and AT Gas Gathering, Inc. and against George Shaw, individually, on May 17, 2005.

Shares of EGSR closed Wednesday's trading session at $0.2895 on volume of 623,845 shares.

About eLocity Inc: eLocity owns and operates three financial websites for investors.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company is to receive compensation for newsletter and ad services for BIGN (Public Company). The compensation is two hundred thousand free trading shares of BIGN from a non-affiliated third party, GMCR.net. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed, is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute 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.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    941-544-3498
    Thomas Clay