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Energy Stock Picks: Penny Stock OTCBB News - GERS, SELR, EPAZ, CATC
[January 26, 2011]

Energy Stock Picks: Penny Stock OTCBB News - GERS, SELR, EPAZ, CATC


(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:26012011 Energystockpick.com reports daily on OTCBB, Pinksheet, AMEX, NASDAQ and NYSE stocks: GreenShift Corporation (OTC Bulletin Board: GERS), Steele Resources Corporation (OTCBB: SELR), Epazz Inc. (OTCBB: EPAZ), Cambridge Bancorp (OTCBB: CATC) Visit us at Energystockpick.com You can follow Energystockpick.com tweets at http://twitter.com/penny_stock GreenShift Corporation (OTC Bulletin Board: GERS) NEW YORK--(Jan 25)-- GreenShift Corporation (OTC Bulletin Board: GERS) today announced that the United States Patent and Trademark Office ("PTO") issued another Notice of Allowance for GreenShift's corn oil extraction processes, this time for pending patent application number 12/559,136 titled "A Method of Recovering Oil From Thin Stillage." GreenShift is pleased to receive yet another allowed patent to provide even greater competitive advantage to GreenShift's licensees. The approval by the PTO of the new patent both broadens and strengthens GreenShift's already strong patent position covering corn oil extraction from stillage.



The claims included in the new allowed patent cover all recovery of corn oil from thin stillage by "evaporating the thin stillage to create a concentrate having a moisture content of greater than 15% by weight and less than about 90% by weight; and centrifuging the concentrate to recover oil." GreenShift has led the way - GreenShift's patented corn oil extraction processes have become by far the most cost-effective and most profitable advancement made available to dry mill ethanol producers in the history of the ethanol industry. GreenShift's patented corn oil extraction process increases ethanol producer income by more than $0.08 per gallon of ethanol produced with returns of 6 months or less.

GreenShift will continue to protect the competitive advantage of its licensees. Additional claims will be filed against all infringers at the appropriate time. The new patent allowance provides GreenShift with additional ammunition.


The notice of allowance issued by the PTO for GreenShift's corn oil extraction patent application number 12/559,136 is in addition to GreenShift's recently announced notice of allowance for corn oil refining patent application number 11/676,888 titled "Method for Continuous Production of Biodiesel Fuel." GreenShift's technical services staff are available at 888-ETHANOIL or [email protected] to respond to quotation requests and to answer any questions about GreenShift's corn oil extraction and other technologies.

About GreenShift Corporation GreenShift Corporation (OTC Bulletin Board: GERS) develops and commercializes clean technologies designed to address the financial and environmental needs of GreenShift's clients by decreasing raw material needs, facilitating co-product reuse, and reducing the generation of wastes and emissions. Additional information on GreenShift and its technologies is available online at www.greenshift.com.

Visit us at Energystockpick.com ************************************************** Steele Resources Corporation (OTCBB: SELR) CAMERON PARK, CA -- 01/25/11 -- Steele Resources Corporation (the "Company") (OTCBB: SELR) announced today that it has signed a $10.0 million drawdown equity financing agreement with Auctus Private Equity Fund, a Boston-based institutional investor.

Company CEO Scott Dockter commented on the financing saying, "Completing this funding agreement with Auctus is an excellent step for the continued development of our precious metals exploration properties. With this in place, we have committed financing for future development that we will be able to take advantage at the appropriate time." Mr. Dockter continued, "This financing does not address the short term capital needs of the Company, nor is it intended to do so. We are currently reviewing offers for short term financing that, if accepted, will enable the Company to complete its acquisition of the Mineral Hill Exploration project in Pony, Montana, as well as provide for the first major development of that property." Pursuant to a Registration Rights Agreement, the Company intends to register up to 20 million shares of its common stock with the Securities and Exchange Commission. Upon such registration being declared effective the Drawdown Agreement allows the Company, at its discretion, to sell to Auctus up to $10 million of its common stock from time to time over a 36-month period. The Company will have the right, but no obligation, to sell stock to Auctus in amounts up to $500,000 per week depending on certain conditions as set forth in the Drawdown Agreement.

There are no upper limits to the price Auctus may pay to purchase the Company's common stock and the purchase price of the shares related to the $10 million of future funding will be based on 95% of the average lowest bid price during the pricing period as outlined in the Agreement. The Company will control the timing and amount of any sales of shares to Auctus. There are no financial or business covenants, restrictions on future funding, rights of first refusal, participation rights, penalties or liquidated damages in the Drawdown Agreement. The Agreement may be terminated by the Company at any time, at its sole discretion, without any cost or penalty.

A more detailed description of the agreement is set forth in the Company's Current Report on Form 8-K filed with the SEC on January 24, 2011.

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************************************************** Epazz Inc. (OTCBB: EPAZ) CHICAGO, IL -- 01/25/11 -- Epazz Inc. (OTCBB: EPAZ), confirmed its maintenance renewal rates for AgentPower workforce management software are well over the 93% level and is positioned to continue in this vein. AgentPower workforce management software continues to receive positive responses on our support and general IT consulting services.

Epazz, Inc. and its wholly owned subsidiaries Professional Resource Management, Inc. products' maintenance contracts allow customers to have ready access to product upgrades, along with help-desk support. As some of our clients have indicated, the team's response time is great and they take the time to communicate information in a pleasant and effective manner to ensure needed results.

Award winning AgentPower Workforce Management Software AgentPower provides vital information and tools for call centers to help improve their workforce management. Historical, real-time, and forecast information is available at the touch of a button to plan, control, and monitor your call center. Coordinated stand-alone modules allow you to develop employee schedules, track queue and agent performance, and communicate this information with your agents, for improved workforce management that allows them to do their job better.

Epazz, Inc.'s Chairman and CEO, Shaun Passley, foresees that this trend of high maintenance renewal rates will continue as the use of its software products grow in various markets. It all stems from feedback from clients on their experience with the support unit having been very timely and positive. One of Epazz, Inc.'s tenets for business remains top quality customer service.

About Professional Resource Management, Inc.

Professional Resource Management is a division of Epazz, Inc. which developed AgentPower. AgentPower allows call center managers to control and monitor agent schedules and productivity. Call centers benefit from improved planning, scheduling, real time agent status, historical agent performance and group performance. Reports provide feedback to management on a real-time, daily, weekly, monthly, and year to date basis. The key benefit of Agent Power software is the ability to establish and maintain the proper balance between staffing and workload in the call center.

About Epazz, Inc.

Epazz, Inc. is an enterprise-wide software company that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOSv3.0 is the complete business web-based software package for small to mid size businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would have to buy separately.

Visit us at Energystockpick.com ************************************* Cambridge Bancorp (OTCBB: CATC) CAMBRIDGE, Mass.--(Jan 25)-- Cambridge Bancorp (OTCBB: CATC) today announced unaudited net income of $13,254,000 for the year ended December 31, 2010, representing an increase of $2,977,000 or 29.0% compared to net income of $10,277,000 for the year ended December 31, 2009. Diluted earnings per share (EPS) were $3.51, a 27.6% increase over diluted earnings per share for the prior year.

In the fourth quarter of 2010 unaudited net income was $2,654,000, compared to $2,631,000 for the same quarter in 2009.

"Results for the fourth quarter reflect continuing pressure on net interest income along with an increase in non-interest expense," noted Joseph V. Roller II, president and CEO. "Key factors driving a relatively flat quarter-over-quarter performance were a slight decrease in net interest income of $156,000, a non-interest expense increase of $413,000, offset by an increase in non-interest income of $307,000, which included an increase in wealth management fee income of $295,000, and a $250,000 reduction in the provision for loan losses as compared to the fourth quarter of 2009." "We are pleased to report sustained earnings growth for the full year of 2010," said Mr. Roller. "Our 2010 results are evidence that we continue to build on the Cambridge Trust Company brand and operating platform that we have established through investments in people, technology, marketing, and distribution." "Deposit growth of $121.0 million (13.9%) exceeded our expectations as our relationship-based strategy, coupled with our eleventh branch opening in Lexington, created new opportunities for the Bank. Residential and commercial mortgage loan growth was solid with a $47.3 million (11.7%) increase for the year. The tepid demand for working capital loans resulted in a $10.0 million (20.8%) decrease in commercial loans outstanding due to decreased line usage and loan payoffs. While we expect to experience intensified margin pressure and regulatory burden in 2011, we are confident the strength of our company will allow us to execute on our strategies to attract and expand profitable consumer and business relationships," added Mr. Roller.

For the year ended December 31, 2010 net interest income increased $2.7 million, or 7.0%, to $41.8 million compared to $39.0 million for 2009. The increase in net interest income for the year was driven primarily by sustained deposit and loan growth, as well as a reduction in interest expense on deposits and interest paid on borrowed funds. The Bank's net interest margin decreased by 12 basis points to 4.15% for the year compared to 4.27% for the year ended December 31, 2009 which is primarily attributed to lower yields earned on the Bank's investment securities.

Non-interest income totaled $19.9 million for the year 2010 compared to $16.6 million for 2009. Wealth Management was a driver behind the non-interest income improvement, benefitting from new account growth and improved equity market conditions. The strategic exit from the merchant services business was also a key contributor to the Bank's increased non-interest income and earnings, generating a $2.8 million gain on the disposition of the portfolio and an after-tax impact on earnings of $1.6 million or $0.42 per diluted share. A portion of the 2010 versus 2009 increase in non-interest income was offset by lower deposit account fees ($227,000) and merchant card services income ($373,000), and lower gains on the disposition of investment securities ($148,000).

Non-interest expense increased by $1.8 million, or 4.6%, to $41.4 million for the year ended December 31, 2010. The increase is primarily the result of additional investments in employee salaries and benefits ($1.2 million) and marketing ($398,000), in addition to professional services fees being up for the year ($324,000). These investments were somewhat muted by a FDIC premium decrease ($407,000), as there was no special assessment applied to FDIC-insured banks in the industry during 2010.

Total deposits at year-end 2010 were $994 million, an increase of 13.9% compared to $873 million at year-end 2010. The year-over-year deposit increase of $121.0 million is the largest in dollar terms in the Bank's history.

Total loans outstanding at year-end 2010 were $569 million compared to $538 million at year-end 2009, an increase of $30.6 million or 5.7%. Loan quality remained sound across our consumer and corporate customer bases with non-performing loans totaling $1.1 million at December 31, 2010, relatively unchanged to the year-end 2009. The Allowance for Loan Losses was $8.9 million or 1.56% of total loans outstanding at year-end 2010. At December 31, 2009, the Allowance for Loan Losses was $8.7 million or 1.62% of total loans outstanding. The provision for loan losses of $550,000 during 2010 was $650,000 lower than the prior year's provision. This reduction was primarily in response to the slowing growth in the loan portfolio and stable levels of non-performers.

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