SOURCE: eLocity Inc.

July 26, 2005 07:10 ET

Tuesday's July 26th Stock Trading Alert

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

SARASOTA, FL -- (MARKET WIRE) -- July 26, 2005 -- eLocity's stocks to watch for Tuesday are -- VIASPACE Inc. (OTC BB: VSPC), Delta Oil and Gas, Inc. (OTC BB: DOIG), BIO-key International, Inc. (OTC BB: BKYI), Payment Data Systems, Inc. (OTC BB: PYDS).

In the news Monday was VIASPACE, Inc. (OTC BB: VSPC), a spin-off of the NASA/Caltech Jet Propulsion Laboratory that transforms proven space and defense technologies into hardware and software products that solve today's complex problems. VIASPACE announced that Arroyo Sciences, its wholly-owned subsidiary, has acquired an exclusive license from Caltech to MUDSS technology, the Mobile Underwater Debris Survey System, developed to locate and identify underwater unexploded ordnance. VIASPACE said that MUDSS was developed jointly by the Navy's Coastal Systems Station and NASA's Jet Propulsion Laboratory for the Strategic Environmental Research and Development Program.

VIASPACE noted that originally the technology was optimized for fusion of acoustic, magnetic, electro-optical mine-hunting and trace chemical detection sensors using advanced signal and image processing algorithms and real-time 3-D visualization technologies. The unfortunate Swissair Flight 111 mishap in 1998 offered an operational opportunity to test capabilities of MUDSS in a real-world setting by successfully allowing the search team to define the debris field quickly and accurately, VIASPACE added.

COO of VIASPACE, AJ Abdallat, commented, "Licensing federally funded RF, nuclear and electromagnetic imaging technology is part of the VIASPACE strategy to deliver information products in transportation and supply chain security, logistics assurance and first responder safety. MUDSS is another key building block in our R&D pipeline."

VIASPACE said that it plans to deploy MUDSS to enhance the functionality of its maritime risk assessment and coastal surveillance products being developed under partnership with ATLAS Electronik of Germany.

Shares of VIASPACE, Inc. (OTC BB: VSPC) are currently trading at around $4.01.

Other stocks making Headlines:

Delta Oil and Gas, Inc. (OTC BB: DOIG)

Delta Oil and Gas announced Monday that the drilling of its first well on its Cache Slough property, a prolific natural gas area northeast of Sacramento, California, is expected to commence within the next 45 days. The Cache Slough prospect is a prolific natural gas area northeast of Sacramento, California.

BIO-key International, Inc. (OTC BB: BKYI)

Finger-based biometric identification and wireless public safety solutions provider, BIO-key International, announced last Friday that Tom Colatosti, BIO-key non-executive Chairmen of the Board, will become Co-CEO with Mike DePasquale in a newly formed Office of the CEO.

Payment Data Systems, Inc. (OTC BB: PYDS)

Payment Data Systems announced Monday that in review of the transaction volumes processed during the second quarter of 2005, the company is able to project a continuation of record reported revenue for the quarter ended June 30, 2005, and in addition, said that both the credit card transaction and dollar value volumes for June will show as our highest processing month to date.

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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 VSPC (Public Company). The compensation is twenty-five thousand dollars from MK Group. 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.

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Contact Information

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    eLocity Inc.
    Thomas Clay