SOURCE: eLocity Inc.

June 16, 2005 07:10 ET

Thursday, June 16th Stock Trading Alert

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

SARASOTA, FL -- (MARKET WIRE) -- June 16, 2005 -- eLocity's stocks to watch for Thursday are -- Cascade Energy, Inc. (OTC BB: CSCE), Quest Oil Corporation (OTC BB: QOIL), Centurion Gold Holdings, Inc. (OTC BB: CGHI), Bravo! Foods International (OTC BB: BRVO).

Investors may want to have a look at Cascade Energy, Inc. (OTC BB: CSCE), a natural gas and oil exploration company based in the heart of California's gas country. After the closing bell Wednesday, the company announced that it has acquired a 10% interest in the Strand Fiord Project, one of the largest unexplored near surface coal resources worldwide, from privately held James Bay Energy. James Bay has assigned its interest in the project to Cascade under terms currently being finalized, the company said.

Based on limited historical geological information, the company said a broad resource estimate projection (based on the mapping of two of six coal basins) shows the Strand Fiord Project to have a reserve potential of 5.86 billion tons. With this initial 10% acquisition, Cascade said it has the potential to net 586,000,000 tons of coal to the Company. The project encompasses five coal exploration permits totaling 179,215 acres, Cascade said.

In addition, Cascade Energy said it has arranged and secured a $3.0 million financing through a private investment group based in Europe, which will allow Cascade sufficient funds to develop the new Strand Fiord project as well as the drilling of its Empress and Coyote Creek natural gas plays in Alberta and California. Cascade noted that terms of the financing will be announced shortly.

Shares of Cascade Energy, Inc. (OTCBB: CSCE) are currently trading at around $1.00.

Other stocks showing interesting activity Wednesday were:

Quest Oil Corporation (OTC BB: QOIL)

Shares of Quest Oil Corp. traded on high volume Wednesday of over 11.8 million shares. The company announced on Tuesday that the first well of the Company's two well drilling program at the Acadia North natural gas project has been surveyed and a surface lease has been negotiated, and said that a drilling license for well 10-34-25-26 W4M is expected to be issued this week and negotiations are underway with a drilling contractor to contract a rig that is active nearby.

QOIL closed Wednesday at $0.425, up 16 cents.

Centurion Gold Holdings, Inc. (OTC BB: CGHI)

Shares of Centurion Gold Holdings traded on high volume of over 3 million shares Wednesday. The company announced on Tuesday that it has been approached by two different publicly listed mining companies to acquire all of the outstanding shares of Centurion Gold Holdings, Inc.

CGHI closed Wednesday even at $0.26.

Bravo! Foods International (OTC BB: BRVO)

Shares of Bravo! Foods International traded on high volume of over 4 million shares Wednesday. The company announced on Tuesday that it has shipped three flavors of its popular Slammers® milk drinks to Safeway stores nationwide.

BRVO closed Wednesday at $0.38, down 4 cents.

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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 received compensation for newsletter and ad services for CSCE (Public Company). The compensation is twenty-five thousand dollars from Cascade Energy, Inc. 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.
    Thomas Clay