AllPennyStocks.com's October Stock of The Month

Today's Canadian Penny Stocks in Play

Today's American Penny Stocks in Play

PENNY STOCKS IN PLAY (CANADIAN)

11:55 EST - Sage Gold Inc. : announced 13 channel cuts and 26 channel samples on the Jacobus East - Golden Extension vein structure - in the Beardmore/Geraldton Gold Camp (BGGC). Highlights of the program include 136.5 g Gold/T (3.98 oz/t) over a channel width of 0.50 metres.  Sage Gold Inc. (TSX-VENTURE:SGX) shares are trading even at $0.18.

11:58 EST - Greencastle Resources Ltd. : announced the Company's second quarter operating results and activities. Greencastle declared a pre-tax profit for the first six months of 2008 of $1,110,917 or $0.03 / share versus a profit of $150,929 for the same period in 2007, an increase of 636 per cent. Revenue for the six months ended June 30, 2008, was $1,584,700 compared to $774,692 for the same period in 2007.  Greencastle Resources Ltd. (TSX-VENTURE:VGN) shares are trading even at $0.345.

FRIDAY'S PENNY STOCKS IN PLAY

4:33 EST - Guyana Goldfields Inc. : and Coronation Minerals Inc. announced that Coronation has received the approval of the TSX Venture Exchange to complete the acquisition of the remaining 50% interest of the Coppermine River Project from Coppercorp Inc. ("CCI"), a wholly owned subsidiary of Guyana. Coronation acquired its initial 50% in the Coppermine River Project in 2002. Terms of the Coppermine Agreement require Coronation to: (i) issue 5,000,000 common shares to CCI; (ii) grant to CCI a 1.5% net smelter return royalty over the unpatented claims comprising the Coppermine River Project; and (iii) grant to CCI a right of first refusal to participate in future financings of Coronation.  Guyana Goldfields Inc. (TSX:GUY) shares closed up $0.04 at $3.39.  Coronation Minerals Inc. (TSX-VENTURE:CMV) shares closed up $0.01 at $0.21.

4:36 EST - Omni-Lite Industries Canada Inc. : announced record revenue, cash flow from operations, EBITDA and net income for the six months ended June 30, 2008. In this period, revenue rose 32 percent, and net income increased by 9 percent, as compared to that in 2007. These results are largely the effect of increased activities in the Military and Aerospace divisions. Revenue in first six months was $4,019,396 ($4,064,011 CDN). This increase in revenue reflects a 32 percent gain over the same period in 2007.  Omni-Lite Industries Canada Inc. (TSX-VENTURE:OML) shares closed up $0.06 at $1.86.

11:27 EST - Inspiration Mining Corp. : announced the results of the continuation of their diamond drilling program on its Langmuir Project, located in Langmuir Township south of Timmins, Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim units covering approximately 1090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. Highlights of the drilling program includes 0.276% Nickel Over 33.30m in drill hole LN08-115.  Inspiration Mining Corp. (TSX:ISM) shares are trading up $0.04 at $1.78.

11:30 EST - SelectCore Ltd. : announced the company's financial results for the second quarter of 2008. Revenue was $16,371,837, an increase of 52% compared to Q2, 2007. Gross profit increased 117% over Q2, 2007. Loss before interest, amortization and financing costs was ($145,635). Net loss per share was ($0.01).  SelectCore Ltd. (TSX-VENTURE:SCG) shares are trading even at $0.055.

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PENNY STOCKS IN PLAY (AMERICAN)

12:01 EST - General Automotive Company : announced the operating agreement terms for their newly created joint venture named Advanced Composite Technology, LLC (ACT). General Automotive and SenCer recently formed the ACT joint venture to develop, commercialize and market SenCer’s groundbreaking UltraTemp™ ceramic composite materials for accelerating the development of energy-efficient, environmentally friendly fuel cell technologies. ACT’s groundbreaking technology solves the two most persistent problems in fuel cell design; cost and durability, by replacing expensive platinum conductors with co-fired proprietary ceramic conductive layers. The technology will also enable the design of more sophisticated oxygen sensors to help maximize fuel economy and minimize exhaust emissions for motor vehicles worldwide.  General Automotive Company (OTCBB:GNAU) shares are trading up $0.11 at $0.51.  Shares are trading up 28 per cent on the day.

12:03 EST - API Nanotronics Corp.  : announced a $4.7 million order from Rockwell Collins for custom communication components. The order, received by API's National Hybrid division, is for a series of custom MIL 1553 multi chip modules (MCMs), hybrids and custom packaged transistors for defense communications applications. The order will be delivered over a maximum of 32 months. API holds a significant patent portfolio covering the hybrid and packaging technologies that will be incorporated into these devices.  API Nanotronics Corp. (OTCBB:APIO) shares are trading even at $0.08.

FRIDAY'S PENNY STOCKS IN PLAY

4:39 EST - Gamecorp Ltd. : announced that it has filed its unaudited consolidated financial statements for the period ended June 30, 2008 with Management Discussion and Analysis on SEDAR and CNQ. Gamecorp reported revenues of $94,000 in the fiscal third quarter ended June 30, 2008 versus nil revenues in the prior year. Net loss was $245,000 ($0.058 per share) in the quarter compared to a loss of $3,832,000 ($0.93 per share) in the previous year. Revenues for the nine-month period ended June 30, 2008 were $245,000 versus nil revenues in the previous year. Year-to-date net earnings were $3,431,000 ($0.81 EPS) versus a loss of $2,998,000 ($0.76 per share) in the prior year period.  Gamecorp Ltd. (OTCBB:GAIMF) shares closed even at $0.39.

4:42 EST - Shoshone Silver Mining Company : announced that it has reached an agreement in principle whereby Shoshone Silver Mining will acquire 100% of the issued and outstanding shares of Kimberly Gold Mines, Inc., formerly of Post Falls, Idaho. After the acquisition is finalized, following approval of the Kimberly shareholders, Kimberly's Rescue Gold Mine property located in Idaho County in the south central part of Idaho, and the Kimberly Gold Mine property will become two of the key parts of Shoshone's new "Gold Division".  Shoshone Silver Mining Company (OTCBB:SHSH) shares closed up $0.04 at $0.17.  Shares closed up 31 per cent on the day.

11:33 EST - Advanced ID Corp. : announced that the Company has signed a Letter of Intent to acquire the assets of a prominent RFID Technology company based in China. With the acquisition, the Company continues its corporate strategy to expand throughout Asia and becomes the only US public company with instant access to the Chinese domestic market for RFID products and services – the single largest in the world.  Advanced ID Corp. (OTCBB:AIDO) shares are trading up $0.005 at $0.255.

11:35 EST - Pinnacle Energy Corp.  : announced that it has acquired working interests in six wells located in Pawnee County, Oklahoma, USA. Five of the six wells produce high gravity light sweet crude oil, and the sixth is a saltwater disposal well. As of August 27, 2008, the five oil wells are producing 20 barrels of oil per day, and 30 MCF (30,000 cubic feet) of gas per day, net to the Company’s interest. Acquisition cost for the wells was $1,000,000 USD.  Pinnacle Energy Corp. (OTCBB:PENC) shares are trading up $0.17 at $0.90.  Shares are trading up 23 per cent on the day.

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