Altex Industries, Inc. engages in the exploration and development of oil and gas properties located in Utah and Wyoming. It owns working interests in 2 gross productive oil wells, as well as in 203 gross developed acres. The company was founded in 1985 and is based in Breckenridge, Colorado. Cash: 4.37M; MarketCap: 2.59M

International Lottery & Totalizator Systems, Inc. engages in the design, manufacture, sale, management, support, and service of computerized wagering systems and terminals for the online lottery and pari-mutuel racing industries worldwide. Cash: 5.6M; MarketCap: 5.31M

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The introduction of the new product has created an increase in business activity in ForeverGreen’s distribution network. There has been a marked increase in distributor enrollment, monthly meetings, weekly orders, auto ship orders, and same month repeat orders. Several large conferences are scheduled over the next few weeks including dates in Denver, Phoenix, Las Vegas, Vancouver, Dallas, and Fort Lauderdale, which will be attended by corporate executives to introduce ForeverGreen and its product line. Several of these events are expected to attract over 300 attendees.

January sales are trending towards a record month as a result of the increased activity. Nearly 75,000 bottles have been sold to date with the company expecting its energy drink sales to continue growing for the foreseeable future as customers experience the product and its benefits for themselves.

Expanding its global efforts, ForeverGreen officials will also be in Australia and New Zealand during February as the company expands its distribution network throughout the region. Sales from these markets continue to show growth and are expected to increase with the introduction of the energy drink slated for this April. Mexico, where revenues have doubled since October, should have the new drink by the end of the first quarter.

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** Note: The final list strays beyond my original guidelines but not beyond their intention. By casting a wider net I have come up with extraordinary results…for the first time in Pennyheaven history every stock on the list is currently profitable.  Best of Luck!

Prices reflect close of business 12/31/07.

1) China VoIP & Digital Telecom, Inc.  CVDT  (.42)
52,958,000 shares outstanding (s/o) as of 11/14/07
800k cash; 266k debt.
9-month sales up 400%
9-month net earnings (+.02) v (.00)

China VoIP & Digital Telecom, Inc. offers Voice over the Internet Protocol service in People’s Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd. Through Jinan Yinquan, China VoIP is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its NP Soft Switch system in China and is currently in the testing stage of other Information Technology products.

2) Defense Industries International, Inc.  DFNS  (.27)
28,867,272 s/o as of 11/12/07
2.94m cash; minimal debt.
9-month net sales up almost 100%
9-month net earnings (+.04) v (+.01)

Defense Industries International, Inc. is a leading manufacturer and global provider of personal military and civilian protective equipment and supplies. Defense Industries’ main products include body armor, bomb disposal suits and bullet-resistant vests and jackets; ballistic wall covers, ceramic armor plates and lightweight armor UHMW-PE plates; personal military equipment, battle pouch units and combat harness units; dry storage units, liquid logistics, tents and vehicle covers; winter suits, sleeping bags and backpacks. The Company’s manufacturing facilities meet American EQNET and international ISO 9001 standards. The Company has three principal subsidiaries, Export Erez Ltd., Achidatex Nazareth Elite ltd. and Owen Mills in the USA. For additional information, please visit the Company’s web site at http://www.defense-industries.com/.

3) ForeverGreen Worldwide Corporation  FVRG  (1.28)
13,904,014 s/o as of 10/29/07
No cash; no debt.
9-month rev up 400%
9-month net earnings (+.02) v (-.15)

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural products to North America, Australia, Europe, and Asia. Offerings include FrequenSea^TM a whole-food beverage, 24 Karat Chocolate®, ForeverYoung^TM Essential Oils, Pulse^TM, a whole-food snack or meal replacement and an entire catalog of meals, snacks, household cleaners and personal care products. Website: http://www.forevergreen.org/

4) Global Med Technologies  GLOB  (1.08)
26,303,593 s/o as of 11/26/07
5.7m cash, minimal debt.
Record Q3; 9-month rev up ~35%
9-month net income fully diluted (+.03) v (+.03)

Global Med Technologies®, Inc. is an international e-Health medical information technology company providing information management software products and services to the healthcare industry. Its Wyndgate Technologies® division is a leading supplier of information management systems to U.S. and international blood centers and hospital transfusion centers. Each year, Wyndgate’s products and services manage more than eight million blood components, representing over 27% of the U.S. blood supply. Wyndgate’s products are also being used in Canada and sub-Saharan Africa, and are being implemented in the Caribbean. Together, the Donor Doc(TM) interactive donor health history questionnaire, SafeTrace® donor management system, and the SafeTrace Tx® advanced transfusion management system, recently patented, provide Vein-to-Vein® tracking from donor collection to patient transfusion. For more information about Global Med’s products and services, please call 800-WYNDGATE or visit http://www.globalmedtech.com/, http://www.peoplemed.com/ and http://www.wyndgate.com/.

5) RBC Life Sciences  RBCL (.82)
20,425,244 s/o as of 10/31/07
5.26m cash; 2.5m debt.
Latest Q sales up 50%; 9-month net sales up almost 25%.
9-month net earnings (fully diluted) (+.07) v. (+.01)

RBC Life Sciences develops, manufactures and markets skin care products and food supplements providing nutrients often found to be low or missing in modern diets. All products are tested for quality assurance in-house, and by outside independent laboratories, to comply with regulations in the U.S. and in more than thirty countries in which the products are distributed. MPM Medical, a wholly owned subsidiary of RBC, develops and markets proprietary prescription and nonprescription products for wound and pain management, sold through medical-surgical dealers to nursing homes, hospitals and cancer clinics. Web Site: http://www.rbclifesciences.com/

6) Specialized Health Products International, Inc. SHPI (.87)
68,333,633 s/o as of 11/7/07
8m cash and securities; 0 debt.
9-month gross profit up almost 50%
9-month net earnings (+.03) v (.00)

Specialized Health Products International, Inc. is a leading developer, manufacturer and marketer of proprietary disposable medical products for clinician and patient safety. Specialized Health Products has developed multiple safety needle products based upon a broad intellectual property portfolio that applies to virtually all medical needles used today. Specialized Health Products is a market leader in safety Huber needles, with four complementary product offerings. The Company has licensed or supplies other products to leading global healthcare companies, including Covidien, Bard Access Systems, and BD Medical. For more information about Specialized Health Products, visit the Company’s website at http://www.shpi.com/.

7) Turbosonic Technologies, Inc.  TSTA  (.81)
15,130,054 s/o as of 9/30/07
2.5m cash; minimal debt.
2007 revenue up ~40%
2007 Net earnings (+.09) v (+.06)

TurboSonic Technologies (http://www.turbosonic.com/) designs and markets air pollution control technologies to industrial customers worldwide. Its products help companies in the Cement and Mineral Processing, Ethanol, Metals & Mining, Petrochemicals, Power Generation, Pulp & Paper, Waste Incineration, and Wood Products industries comfortably meet the strictest emissions regulations, improve performance and reduce operating costs.

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