Wall Street News Alert: Ahead of the Bell: PGNE -- October 21, 2009

Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corp. (OTC: PGNE), Cereplast, Inc. (OTCBB: CERP), AlumiFuel Power Corporation (OTCBB: AFPW) and SK3 Group, Inc. (OTC: SKTO).

Yesterday after the markets closed, PrimeGen Energy Corporation (OTC: PGNE) announced the initial production for the Kochmesskoye # 6 well at Timan-Pechora, Russia. The well commenced commercial oil production on October 04, 2009, and the Company has received production results for the first 16 days. Total oil produced and sold was 22,100 barrels with an average daily production rate of 1,380 barrels per day.

The press release states that using current pricing for Timan-Pechora crude oil, PrimeGen has confirmed that the new well alone has generated $1.5 million in revenue or a projected $34.4 million per year. Currently, oil at Timan-Pechora has been priced at over $70.00 per barrel.

"The Kochmesskoye # 6 well is the sixth of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. The fourth well of the project was drilled and completed on August 24, 2009, and resulted in setting a new production record for the field of 1,670 barrels of oil per day. In addition, Wells No. 1,2,3,4 and 5 are producing at full capacity.

The stock closed yesterday at Eight cents a share.

For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_102009.

To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 68494.

*** This free service can be discontinued at any time by replying to any one of the alerts with the word "stop"

For more information, please visit www.WallStreetNewsAlert.com and you can also follow Wall Street News Alerts on Twitter at http://twitter.com/wsna

Cereplast, Inc. (OTCBB: CERP) up 66.6% on 9.6 million shares traded.

On Oct 20, 2009 Cereplast, Inc. a manufacturer of proprietary bio-based sustainable plastics, recently announced that it has been developing a breakthrough technology to transform algae into bioplastics and intends to launch a new family of algae-based resins that will complement the company's existing line of Compostables(R) & Hybrid(R) resins. Cereplast algae-based resins could replace 50% or more of the petroleum content used in traditional plastic resins. Currently, Cereplast is using renewable material such as starches from corn, tapioca, wheat and potatoes and Ingeo(R) PLA.

"Our algae research has shown promising results and we believe that in the months to come we should be able to launch this new family of algae-based resins," stated Frederic Scheer, Founder, Chairman and CEO of Cereplast. "Algae-based resins represent an outstanding opportunity for companies across the plastic supply chain to become more environmentally sustainable and reduce the industry's reliance on oil. We are still in the development phase, but we believe that this breakthrough technology could result in a significant new line of business in the years to come."

"Based on our own efforts, as well as recent commitments by major players in the algae field, we believe that algae has the potential to become one of the most important "green" feedstocks for biofuels, as well as bioplastics," continued Mr. Scheer. "Clearly, our focus will be on bioplastics. However, for our algae-based resins to be successful, we require the production of substantial quantities of algae feedstock. We are very encouraged when we see big players entering the algae production business, including Exxon's $600 million investment in Synthetic Genomics and BP's $10 million investment in Martek Biosciences."

AlumiFuel Power Corporation (OTCBB: AFPW) up 26.3% on 1.2 million shares traded.

On Oct 20, 2009 AlumiFuel Power Corporation and its early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), of Philadelphia, Pennsylvania recently announced that in view of the recent development that the Company is developing a product addressable to the multi-million dollar sports and MRE (meals ready to eat) market, Senior Analyst Robert Goldman has issued an update affirming the 'Speculative Buy' rating with a price target of $0.40.

Mr. Goldman has been an analyst for over 20 years and served with prominent Wall Street firms including Piper Jaffray and Josephthal & Co. The full report is now available at www.OxBridgeResearch.com/docs/AFPW5.pdf.

According to OxBridge Research, the Report will be of special interest to MRE manufacturers and companies like Ener1 Inc. (HEV), Ballard Power (BLDP), Fuel Cell Energy (FCEL) and Plug Power (PLUG) that are active in the Renewable Energy Sector. The Report outlines the Company's recently signed MOU with a DOW 30 company and illustrates the Company's technology has both Civilian and Military applications and could be adapted at a rapid pace. Interested parties may sign up to get alerts and updates on this exciting alternative energy sector at: www.OxBridgeResearch.com.

About OxBridge Research: OxBridge Research has been compensated for Investor Awareness and Advertisement services including publication/distribution of this report. For the full disclosure please visit OxBridgeResearch.com. Investment opinions and views expressed in the Report are of the Analyst's own. OxBridge is not a Broker-Dealer or a Financial Advisor. Consult your Financial Advisor before investing. OxBridge bears no responsibility for the accuracy or completeness of the Report and is under no obligation to update in the future.

About AlumiFuel Power, Inc. is an early production stage alternative energy company that generates hydrogen gas and superheated steam for multiple niche applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers.

SK3 Group, Inc. (OTC: SKTO) up 15.9 million shares traded.

On Oct 20, 2009 SK3 Group, Inc. recently announced that it has signed a two year services contract with American Transport Administrative Services (ATAS), a California based Professional Employer Organization (PEO) primarily providing human resource services to employers of long-haul truckers. The contract will begin to cover the more than 3,000 employees over the next 180 days, and will provide 24/7 nurse support for any medical related issues. "The contract with American Transport Administrative Services solidifies our strategy of ramping up our growth by marketing our services to multiple thousand employee PEOs. Our Nurses On-Line service is a natural fit for the PEO market because it helps employers reduce worker's compensation claims, probably the most costly aspect of their business," said Peter Bell, President of SK3 Group, Inc.

Worker's compensation laws are a government mandated, employer provided benefit; and employers have a statutory obligation to provide medical and income benefits to injured workers. According to the California Division of Worker's Compensation, in California alone, there was an estimated $7 Billion in Worker's compensation losses in the year 2007. The Nurses On-Line program is designed to help employers, and indirectly insurers, reduce the costs associated with worker's compensation claims.

About SK3 Group, Inc.: SK3 Group's Nurses On-Line unit is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. The purpose of this service is to assist employers with managing the ongoing risk associated with workers' compensation claims and their relationship to premiums and reserves charged by insurance carriers. Corporate information can be found at http://www.sk3groupinc.com.

Market Commentary: The Commerce Department said construction of homes and apartments rose 0.5 percent last month to a seasonally adjusted annual rate of 590,000 units. That was a weaker showing than the 610,000 economists had expected.

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of often-overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 200 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com.

*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for PrimeGen Energy Corporation (OTC: PGNE), WSCF has been compensated Five Million shares (One Million shares for current services and Four Million shares for previous services), by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Nine Hundred Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

CONTACT: Wall Street News Alert e-mail: info@wallstreetnewsalert.com WWW: http://www.wallstreetnewsalert.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

Related terms: alternative energy, annual report, broker, business, california, ceo, clinical, commercial, construction, contract, corn, corporate, crude oil, dealer, dollar, email, e-mail, emergency, energy, fuel cell, gasoline, government, hospital, insurance, investment, investment opinion, manufacturer, market, marketing, medical, military, oil, otc, plastics, president, profit, research, revenue, russia, securities, security, sports, subscription, technology, truckers, web, wheat, yield