Ron Erickson, Chairman of Visualant, Inc., stated that the license, which covers discrete fields of use, provides Visualant with an equity participation in a to be formed RatLab LLC affiliate and a market rate royalty. The fields of use include medical diagnostics, agricultural, environmental applications and gemology.

Dr. Tom Furness, RatLab LLC founder and manager said, “Our first focus will be medical diagnostics. The Visualant technology provides a means for non-invasive diagnostics of the human condition. We believe color, at the photon level, is nature’s ultimate identifier.”

The anticipated letter from CFIA has been received, and will enable the Company to continue opening doors to those prospective clients that are involved in the food industry.

The Canadian Food Inspection Agency is mandated to safeguard Canada’s food supply and the plants and animals upon which safe and high-quality food depends. It’s the Canadian regulatory agency whose chief purpose is equivalent to that of the Food and Drug Administration in the United States.

The Company is launching a new investor awareness campaign to commence the new year. We want our investors to understand that despite the negative pressure in the stock market, Diamant’s biodegradable products are continuously gaining acceptance in their market segments. In an effort to ease uncertainty in regards to our company and its operations, we intend to keep our Shareholders fully informed as these developments continue to evolve.

REDIview is used by hundreds of service, construction and equipment rental companies for real-time asset tracking, maintenance management, billing and security monitoring. REDIview operates on a wide variety of vehicles and construction equipment including tower cranes, mobile cranes and construction hoists.

“Being selected by an industry leader like Morrow Equipment is quite an honor,” said Gary Hallgren, CEO of Remote Dynamics. “Our REDIview solution has been optimized for large fleets of vehicles and equipment and we look forward to a long relationship as the one-stop-shop for their fleet management needs.”

“We are excited to be working together with Remote Dynamics,” said Christian Chalupny, President of Morrow Equipment. “They have put together a comprehensive offering which works across our product line and it will be a very valuable management tool for us.”

To provide the services under the agreement Telizon will utilize its proprietary operating support systems, highly developed and integrated processes and skilled customer care capabilities. This will allow Telizon to interface with the underlying service providers in providing Tier One customer repair management for its latest third-party white label customer.

Telizon’s seventeen years of customer service and support expertise, coupled with the ongoing development and refinement of its interface processes and technologies with underlying carriers, make it an excellent choice for a turnkey, back office service bureau solution.

Telizon provides a value added bundle of commercial telecommunications packages including local lines, long distance, toll free and high speed internet services to customers in 58 distinct Centrex Serving Areas in Ontario. The value added component, in addition to significant cost savings, results from Telizon acting as a virtual telecommunications department for its clients, interfacing on their behalf with the underlying wholesale carrier providers for all items pertaining to their existing services and future needs.

“We continue to broaden our telecommunications portfolio of services. Over the years Telizon has become increasingly recognized as a niche player providing specialty telecom services to an ever increasing customer base,” commented CEO Marius Silvasan. “The addition of our latest back office service bureau solution confirms this trend,” added Silvasan.

Michael Zima, CFO of NeoMedia Technologies, Inc., stated: “We considered the potential benefits and detriments and determined that it was better to not proceed with the special meeting of shareholders at this time. However, we are planning our next quarterly shareholder update for November 19, 2008 and will announce the details of that conference call in the near future. We are also in the planning stages for our annual meeting of shareholders which will be held in May or June of 2009.”

Shop-Vac Corporation, the recognized world leader in wet/dry vacuum cleaners, replaced an IBM WebSphere RFID Premises Server installation and selected EdgeMagic to track cases of vacuum cleaners and accessories destined for End Caps and other special point of sale programs of its trading partners such as Walmart.

According to Mike McConnell, Programmer Analyst at Shop-Vac, “When we first investigated RFID for EPC compliance there was no native IBM System i solution on the market. As a result we installed IBM WebSphere RFID Premises Server which does not run on the IBM midrange server. When I learned of CYBRA’s native solution I became convinced that EdgeMagic offered Shop-Vac a more fully functional System i implementation. We run Infor BPCS and Manhattan Associates Transportation Execution products on the IBM System i and EdgeMagic interfaces directly with these products. The EdgeMagic product supports Alien fixed readers, Symbol mobile readers, and Zebra RFID printers, the same hardware as WebSphere RFID Premises Server so by replacing the IBM product with the CYBRA product we gained a significant amount of flexibility particularly with regard to System i application software integration. EdgeMagic allows my team to add new functions with ease.”

According to Harold Brand, CEO of CYBRA, “EdgeMagic seamlessly integrates RFID technology with the core IBM Power Systems business applications that run the bread and butter of manufacturing and distribution worldwide. Moreover, it is the framework for turning process data into real time, actionable business information at the point of activity.”

Brand continues: “CYBRA recently conducted a survey of more than 500 System i shops to learn of their plans for RFID. When asked, ‘On which computing platform would you prefer RFID systems to be based?’ the response was 63% for System i and only 16% for Windows. Of customers who run their WMS (Warehouse Management Systems) on the System i, the numbers are dramatic: only 10% of System i WMS customers prefer to run their RFID systems on a Windows, Linux, or Unix platform, while 79% prefer the System i.”

Brand concludes: “System i customers overwhelmingly prefer the System i to PC for RFID for obvious reasons. The things that the System i excels at: generating EPC codes, printing RFID smart labels, generating manifests, defining business rules, and storing configurations are easier to manage on the System i because that’s where the order and product information is. Add the System i’s superior high availability, security, simplified systems management, and server consolidation, and long time System i customers see RFID as a business application that needs to be hosted on the same platform. Shop-Vac recognized this value and replaced the IBM WebSphere RFID Premises Server with EdgeMagic precisely because it runs on the IBM System i server.”

Stanza Systems, Ltd. and ActionView International have entered into an initial agreement in the form of a letter of intent that provides the framework for a subsequent definitive agreement under which ActionView International would acquire all of the issued and outstanding shares of Stanza Systems, Ltd. in exchange for a majority percentage of ActionView International.

Mr. Peacock stated, “While we do not claim to be experts in the business of wireless management services and technologies, we have gathered enough information and conducted enough due diligence to convince us that Stanza Systems is not only in an industry that is poised to experience significant growth in the coming years, but that this company specifically is well positioned to build value for ActionView shareholders.

“First, we believe that Stanza possesses the right revenue model for a business entering the public markets at this time. Stanza is focused on recurring revenue from managed services from which they will collect and process information from hundreds of thousands of machines, owned and operated by thousands of companies, billing monthly fees for this service that will grow exponentially. They have also focused on key industries where their services are most needed, including those that are dealing with vital and expensive resources that must be better managed, such as the electrical utilities, water and waste water management, petroleum production, and delivery and telecommunications.

“In choosing a merger candidate in today’s challenging economy, we were also attracted to a company that has the resources and expertise to help businesses to better manage their energy and other resources as a strategy to cut costs and operate more efficiently. This is what Stanza brings to its clients, and we expect that more and more businesses of all sizes will be pursuing this type of assistance now and in the coming years.

“We know from our experience in the sustainability sector that companies, organizations and governments are now being compelled to adopt new monitoring and management systems. While the motivation for needing this service can vary from environmental concerns to better resources management, to cost savings, to asset protection, the fact is that monitoring and managing information is the way of the future. At the same time, few companies, no matter how large, want to invest internally to create and support these industrial management systems.

“Stanza’s business is part of the M2M device, software, network, and service market, which is expected to grow rapidly worldwide between now and 2010. Industry estimates suggest the 2010 world market may exceed $300 billion in annual revenue. These numbers indicate some very exciting future potential for our merger target, and we look forward to moving this transaction forward to a quick close.”

Highlights of the Fiscal 2009 First Quarter:

• Oil and Gas revenues increased 338% to $2.7 million versus $813 thousand for the previous first quarter
• Oil Production increases 215% to 14,630 barrels versus 6,830 for the previous first quarter
• Natural gas production increases 164% to 109,755 mcf versus 66,815 for the previous first quarter

First Quarter Fiscal Year 2009 Financial Review and Production Summary

Oil and gas revenues for the first quarter fiscal year 2009 were $2,752,747, compared with $813,924 for the first quarter of the previous year, an increase of 338%. Total costs and expenses increased approximately 46% to $1.7 million, and operating income was $1.2 million compared to a loss of $325 thousand for the first quarter of the previous year. Total operating costs and expenses increased primarily due to the increased number of producing wells and higher retained working interest per well.

During the first quarter ended June 30, 2008, ReoStar sold approximately 14,630 barrels of oil compared with 6,830 barrels of oil for the quarter ended June 30, 2007, an increase of approximately 215%. The average price for oil sold during the quarter ended June 30, 2008 was $123.01 per barrel compared the average price for the quarter ended June 30, 2007 of $61.06 per barrel.

ReoStar sold approximately 109,755 mcf of gas for the quarter ended June 30, 2008 compared with 66,815 mcf of gas for the quarter ended June 30, 2007, an increase of approximately 164%. The average price for natural gas sold during the quarter ended June 30, 2008 was $8.68 per mcf (net of transportation, compression and CO2 charges) compared with $5.94 per mcf for the quarter ended June 30, 2007.

Mark Zouvas, CEO of ReoStar, stated, “We are very pleased with our operational and financial performance during the first quarter. Our Barnett Shale properties continue to deliver positive returns on our investment and remain the focal point for generating cash flow for expanding our operations.”

SpongeTech signage will appear on two dashboards around the rink for all the NY Islanders home games. SpongeTech has also started a charity initiative by donating $100 to charity for each NY Islanders goal scored during the team’s 41 home games. The $100 will be split between two charities with $50 contributed to the NY Islanders Children’s Foundation, and $50 contributed to the Darryl Strawberry Foundation for Autism.

In addition, one 30-second SpongeTech promotional radio spot will be broadcast on WMJC 94.3FM for every NY Islanders home and traveling game. Finally, there will be a SpongeTech Promotion Day, featuring free promotional T-shirt giveaways, on a date yet to be determined.

SpongeTech COO Steven Moskowitz said, ‘In 2008, we have secured advertising with almost every major sports team in New York. We will continue to focus on getting our name and brand out to the biggest audience we can. We are excited to have the NY Islanders working with SpongeTech and grateful we can work together with the NY Islanders(R) organization in benefiting a number of terrific charities. These advertisements will be an effective way for SpongeTech( to better familiarize NY Islanders fans with our brand, encourage them to try our products, and experience our value.’

Running on Moblin-based operating systems, including Ubuntu Mobile and Red Flag Midinux, MobileVoice for MID has the option to be pre-bundled on new MIDs coming to the market this year. In addition, One Voice is offering a powerful Software Developers Kit (SDK) allowing third party Independent Software Vendors (ISVs) to add voice control to their MID applications creating a market for voice controlled mobile applications such as navigation, Instant Messaging, VoIP, PIM and much more.

“The Mobile Internet Device (MID) category represents tremendous growth opportunity for Intel, One Voice and the industry,” said Dean Weber, President and CEO at One Voice Technologies. “Using One Voice’s SDK, OEMs can easily incorporate state-of-the-art speaker independent voice recognition across all their applications. One Voice enhances the Internet experience in pocketable devices by enabling users to transcend numerous menus and screens to easily access the content they desire faster than ever using only their voice.”