Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s May 12th and we’ve found 8 great press release from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.

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Now, onto our show notes for the day.

Omagine, Inc. (OTCBB: OMAG)

Oman Government Approves Commercial Terms For Omagine Project, $1.5 billion plus real estate project in Oman.

today announced it received an official letter from the Government of Oman formally approving the terms by which the Omagine Project will be developed.

HIGHLIGHTS

• As presently planned, the Omagine Project will be located on approximately one million square meters of beachfront land facing the Gulf of Oman just west Muscat — the capital city of the Sultanate of Oman and near Muscat International Airport.

• includes several hundred thousand square meters of residential property that will be developed for sale and significant commercial, retail and hospitality elements are also included.

• The Omagine Project is expected to take between 4 to 5 years to complete. The projected financial model presently predicts an internal rate of return (“IRR”) for the Omagine Project of 20%

• and net positive cash flow in excess of USD $600 million (the “Projected Cash Flow”) over the five year period immediately subsequent to the signing of the Development Agreement. As of the date hereof, the “net-present-value” of such Projected Cash Flow is projected to be approximately USD $300 million.

The Company’s president, Frank J. Drohan said: “We are gratified by this final approval and pleased with the results. Our carefully chosen strategic investor partners including CCC, Bank Muscat and local Omani business persons are committed to delivering this signature project for the people of the Sultanate of Oman. Our attorneys are now concluding the Development Agreement with the Ministry of Tourism and we and the Government look forward to signing it within the next several weeks.”

Last Trade: 0.90 USD

52wk Range: 0.08 – 2.95

Market Cap: 40.94M

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Empower Technologies (TSX.V:EPT)

Signs $40 Million Sales Agreement

has landed its first significant sale – a 5 year volume Purchase Order (PO) from Advantec Computer Systems, LLC (“Advantec”) under certain terms and conditions to supply industrial handheld computers to their Value Added Resellers (VAR).

Advantec will distribute Empower’s OEM/ODM (“Original Equipment Manufacturer” / “Original Design Manufacturer”) industrial handheld and tablet to the healthcare, hospitality, field repair, utilities, transportation, retail, public safety, government and other industrial vertically integrated customers through Advantec’s vast VAR and SI (“System Integrator”) distribution network.

The sale from this five (5) year PO is valued at about $40 million US dollars.

“This multimillion dollar contract for industrial handheld devices realizes Empower’s vision. Empower is now completely transitioned from being a R&D company and developer of software and hardware tools to one that develops, manufactures and sells OEM/ODM embedded computing products and solutions,” said Paul Leung, Chairman, President and CEO of Empower. He added that, “We have now planted a firm foundation for growth in terms of revenue and markets and are actively pursuing various targeted sales opportunities.”

.71

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CriticalControl Solutions Corp., (TSX-V:CCZ)

announces 2008 first quarter financial results (Mar 31)

– Company reports significant improvement in Net Income –

Highlights for the quarter

– Total revenue amounted to $5,995,000 in the first quarter of 2008

compared to $6,358,000 in the first quarter of 2007 (a six percent

decrease) resulting from a $724 drop in non strategic third party

hardware sales offset by an increase in recurring revenue streams;

– Net Income increased to $504,000 in 2008 from a loss of $91,000 in 2007;

– Corporate debt was reduced by a further $1.07 million in the quarter.

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SelectCore Ltd., (TSX VENTURE:SCG)

Signs Major Customer Contract

announced today that it has entered into a significant, exclusive sales agreement to provide its proprietary POSA (point of sale activation) technology for the distribution of prepaid telecommunication products and services.

This new customer relationship will accelerate the launch of the Company’s POSA terminal solution into the retail channel. The contract is expected to add an additional 3,000 terminals and retail points of distribution over the next 12 months, while generating revenues in excess of $25 million over the same period.

The first purchase order from this customer was for 1,000 terminals of which all 1,000 have already been delivered for deployment.

Peter Burdon, CFO of SelectCore said, “We are going to almost double our original projections for terminal deployments. This contract alone is expected to generate over $100 million in sales in just the first few years.” Keith McKenzie, CEO further commented, “We knew there would be strong demand for our new POSA technology. We are certainly excited to have won this major contract as it reconfirms SelectCore’s strength in the marketplace.”

About SelectCore:

SelectCore (TSX VENTURE:SCG) is in the business of providing prepaid telecommunication solutions to the credit-challenged consumer market across Canada. The offerings, which include wireless, home telephone, long distance and broadband internet are marketed through private-label partnerships as well as company’s own nation-wide distribution channel of independent and corporate chain retailers. SelectCore’s technology division maintains its own telecom network infrastructure servicing many of Canada’s largest incumbent phone companies. Profit 100 ranked SelectCore one of Canada’s fastest-growing companies in 2006 and again in 2007.

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Benton Resources Corp. (BTC.v)

intersects high grade nickel and gold at Armit Lake

partial assay results from the first phase of diamond drilling at the Company’s 100% owned Armit Lake property. Results have been received for five (holes 1, 2, 7, 8, and 9) of the total thirteen drill holes completed.

The most significant results include a mineralized zone in Hole 08 that assayed 1.57% nickel (Ni) and 0.08% cobalt (Co) over 7.8 metres (m) from 32.0m to 39.8m down hole in an altered ultramafic rock unit.

Within this intersection was narrower but higher grading material of 3.7% Ni and 0.2% Co

over 2.55m.

The second significant intersection is a new gold (Au) discovery. Hole 07, drilled 800m to the east of Hole 08, intersected a new gold zone that graded 23.03grams per tonne (gpt) Au over 1.5m at 100m down hole.

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Versatile Systems Inc. (TSX VENTURE:VV) (AIM:VVS),

Reports Results for Q3; Revenue of $45,658,542 for the first nine months at a record level

9M

Revenue for the nine months ended March 31, 2008 was $45,658,542 generating a

gross profit of $11,311,654

Net Earnings $562,173 compared to $386,879 an increase of 45.3%.

The EBITDA for the nine months ended March 31, 2008 was $1,134,024 compared to an EBITDA of $1,015,528 for the same period last year, an increase of 11.7%. EBITDA is defined as net earnings before interest, income taxes, depreciation and amortization. The Company has included information concerning EBITDA because it believes that it may be used by certain investors as one measure of the Company’s financial performance.

Q3

Revenue $14,519,869 compared to $12,391,840 – an increase of 17.2%;

Deferred revenue at March 31, 2008 was $7,002,514 an increase of 31.3%; (of which $5,986,232 is expected to be recognized in the next four quarters)

– The Company repaid the Term Loan of $2,749,263;

At March 31, 2008 the Company had cash and cash equivalents of $3,109,385 compared to $3,369,087 at the year-end;

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China Organic Agriculture, Inc. (OTCBB: CNOA),

Signs $4.3 million Sales Contract with Beijing Jingu Hengfa Trading Company
a growth-driven agricultural products company leading China’s organic foods revolution, announced today that the Company,

has entered into a three month sales agreement with Beijing Jingu Hengfa Trading Company, with a value equivalent to $4.3 million.

Beijing Jingu Hengfa is a well respected rice distributor in the Beijing region. China Organic engages in the production and sale of mid to upscale organic and green rice.. Jingu Hengfa will sell 1,760 tons of rice valued at $4.3 million over a three month period.

Changqing Xu, CEO of China Organic Agriculture said, “Our rice fields are in a location highly suitable for the growth of organic and green rice, and our close working arrangements with the local farmers serve as an advantage for the Company. With its well established base in the cultivation and processing of organic and green rice, the Company also uses this business core to enhance the development of distribution channels.”

Close $1.275 52 wk hi/lo $4.37/ $0.83

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ZAP (OTCBB: ZAAP).

Record Gas and Oil Prices Drive Sales for ZAP,

Electric Car Orders Grow to $6.8 Million

Record gas prices are driving more consumers to seek electric transportation, says industry pioneer ZAP (OTCBB: ZAAP).

The Northern California Company reported that as of April 8, 2008 it had $6.8 million in backlog orders for the Xebra electric sedan and pickup from auto-dealer purchase contracts.

The $6.8 million backlog in dealer purchase contracts surpasses ZAP’s sales for all of 2007 and are based on a delivery schedule over a 12-month period. The backlog for ZAP’s consumer products on the same date was $712,000, including sales for the Zapino and ZAPPY3 scooters, ATVs, Recharge-It-All battery systems and others.

ZAP designed the Xebra as a simple alternative to the growing demand for electric cars. The vehicle is suitable for city-speed driving, commuting and fleet use, situations where electric vehicles can be more economical than gasoline cars.

Close $0.535 52 wk hi/lo $1.17/ $0.401