SEC v. Wall Street Capital Funding LLC; Philip Cardwell; Roy Campbell; and Aaron Hume, No. 1:11-cv-20413, Southern District of Florida (Feb. 7, 2011) — Complaint

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
Case No.:

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

- against -

WALL STREET CAPITAL FUNDING LLC,
PHILIP CARDWELL, ROY CAMPBELL, and
AARON HUME,

Defendants.

COMPLAINT

Plaintiff Securities and Exchange Commission (“Commission”), for its Complaint against
defendants  Wall  Street  Capital  Funding  LLC  (“WSCF”),  Philip  Cardwell  (“Cardwell”),  Roy
Campbell (“Campbell”), and Aaron Hume (“Hume”) (collectively “Defendants”) alleges:
SUMMARY OF ALLEGATIONS

1. Defendants  are  stock  promoters  –  they  make  their  living  repackaging  “news”
released  by  penny-stock  companies  and  distributing  it  along  with  their  own,  always  optimistic
commentary.
2. Over  the  course  of  their  long  careers,  Defendants  have  knowingly  or  recklessly
played a critical role in numerous penny-stock scams.  For example, from April 2009 to January
2010,  Defendants  created  and  distributed  promotional  material  for  a  supposed  oil-exploration-
and-development  company  known  as  PrimeGen  Energy  Corp.  (“PrimeGen”  or  “PGNE”).
PrimeGen  purported  to  be  headquartered  in  Bridgewater,  New  Jersey  and  to  have  operations  in
Russia.  According  to  its  press  releases,  PrimeGen  supposedly  brought  at  least  twelve  oil  wells

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into production in the span of nine months and generated many millions of dollars of revenues.
PrimeGen, however, was a pure scam: its corporate headquarters were a rented mailbox in a UPS
Store opened with a do-not-forward instruction; its phone line was unattended and never placed
outgoing  calls;  and  its  web  page  was  generated  by  copying  the  source  code  from  another
company’s web site.
3. Similarly,   from   January   2009   to   November   2009   Defendants   created   and
distributed  promotional  material  for  Caliber  Energy,  Inc.  (“Caliber”  or  “CLBN”),  which
purported  to  be  an  Atlanta-based  developer  of  wind-energy  projects  in  China.  Again,  despite  a
series  of  effusive  announcements  about  its  expanding  business,  Caliber’s  headquarters  were  a
rented mailbox in a UPS Store and its phone line was an unattended, outgoing-only line.
4. Defendants’ promotional materials take the form of “investment opinions” sent to
newswires, “spam” emails sent to as many as fifty million recipients at once, and other forms of
electronic  communication.  Defendants’  materials  typically  express  a  positive  opinion  about  the
company being promoted, its revenues, and the future direction of its stock price. But Defendants
have no reasonable basis for those opinions. Even when they have received ample warning signs
that a scam is afoot, Defendants always do the same thing: they close their eyes and publish.
5. At  the  same  time,  Defendants  falsely  create  the  appearance  of  an  independent
basis  for  their  statements  about  the  companies  they  promote.  For  PrimeGen,  Caliber,  and
numerous  other  penny  stocks,  Defendants’  investment  opinions  and  other  promotional  material
falsely or at best misleadingly stated that the company being promoted “ha[s] not approved the
statements made in this release nor approved the timing of this release,” that “all statements and
expressions  are  the  sole  opinion  of  WSCF  and  are  subject  to  change  without  notice,”  and  that
“information in this release is derived from a variety of sources including . . . WSCF research.”

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In  fact,  however:  the  companies  in  question  commonly  had  approved  of  the  statements  WSCF
made about them; WSCF had coordinated the timing of its releases with the companies; most of
WSCF’s  statements  about  the  companies  had  come  from  the  companies  themselves  and
accordingly  were  not  WSCF’s  sole  opinion;  and  WSCF  had  not  independently  researched  the
companies or otherwise created a reasonable basis for WSCF’s claims.
6. The  misinformation  disseminated  by  Defendants  concerning  PrimeGen,  Caliber,
and  other  penny-stock  issuers  has  misled  investors  or,  at  a  minimum,  created  a  serious  risk  of
misleading  investors.  The  purpose  of  WSCF’s  activities  was  to  make  a  promoted  penny  stock
appear  attractive,  leading  members  of  the  public  to  buy  the  stock,  and  thereby  to  drive  up  the
price. Such price increases directly benefitted WSCF, which was commonly paid in stock of the
promoted company. On information and belief, such price increases also benefitted insiders who
were  holding  shares  of  the  promoted  company  that  the  insiders  could  then  sell  for  a  profit  –  a
classic “pump and dump” scheme.
SECURITIES LAWS VIOLATIONS

7. By virtue of the foregoing conduct and as alleged further herein, the Defendants,
directly  or  indirectly,  singly  or  in  concert,  have  engaged  in  acts,  practices,  and  courses  of
business that violated Section 17(a) of the Securities Act of 1933 (“Securities Act”) [15 U.S.C. §
77q(a)].
8. Defendants,  directly  or  indirectly,  singly  or  in  concert,  have  engaged  in  acts,
practices, and courses of business that violated Section 10(b) of the Securities Exchange Act of
1934 (“Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.l0b-5].

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9. At  all  times  relevant  to  the  charges  contained  in  this  Complaint,  Cardwell  and
Campbell were controlling persons of WSCF, and therefore are liable pursuant to Section 20(a)
of the Exchange Act [15 U.S.C. § 78t(a)] for WSCF’s violations of the Exchange Act.
10. Unless  each  of  the  Defendants  is  permanently  restrained  and  enjoined,  they  will
again  engage  in  acts,  practices,  and  courses  of  business  similar  to  those  set  forth  in  this
Complaint.
JURISDICTION AND VENUE

11. The Commission brings this action pursuant to Section 20(b) of the Securities Act
[15 U.S.C. § 77t(b)] and Section 21(d) of the Exchange Act [15 U.S.C. § 78u(d)] seeking, among
other  things,  to  restrain  and  enjoin  permanently  the  Defendants  from  engaging  in  the  acts,
practices,  and  courses  of  business  alleged  herein,  and  from  participating  in  penny  stock
transactions  pursuant  to  Section  20(g)  of  the  Securities  Act  [15  U.S.C.  §  77t(g)]  and  Section
21(d)(6) of the Exchange Act [15 U.S.C. § 78u(d)(6)].  The Commission further seeks: (a) final
judgments ordering the Defendants to disgorge their ill-gotten gains, with prejudgment interest;
(b) final judgments ordering the Defendants to pay civil monetary penalties pursuant to Section
20(d)  of  the  Securities  Act  [15  U.S.C.  §  77t(d)]  and  Section  21(d)  of  the  Exchange  Act  [15
U.S.C. § 78u(d)]; and (c) such equitable and other relief as the Court deems just, appropriate, or
necessary for the benefit of investors.
12. This Court has jurisdiction over this action pursuant to 28 U.S.C. § 1331, Section
22(a) of the Securities Act [15 U.S.C. § 77v(a)], and Section 27 of the Exchange Act [15 U.S.C.
§ 78aa].
13. Venue is proper in this District pursuant to 28 U.S.C. § 1391(b), Section 22(a) of
the Securities Act [15 U.S.C. § 77v(a)], and Section 27 of the Exchange Act [15 U.S.C. § 78aa].

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WSCF  and  Campbell  are  residents  and  inhabitants  of  this  District;  all  Defendants  transacted
business in this District; and a substantial part of the events or omissions giving rise to the claims
asserted  herein  occurred  in  this  District,  including  acts  constituting  violations  of  the  Exchange
Act and sales of securities for purposes of the claims asserted under the Securities Act.
DEFENDANTS

14. Wall Street Capital Funding LLC is a Florida limited liability company with its
principal place of business in Miami, Florida.
15. Philip  Cardwell,  age  47,  resides  in  Birmingham,  Alabama  and  Beverly  Hills,
California. Cardwell, a professional stock promoter, is a 50% owner of WSCF.
16. Roy Campbell, age 33, resides in Miami, Florida. Campbell, a professional stock
promoter, is a 50% owner of WSCF.
17. Aaron  Hume,  age  32,  resides  in  Milton,  Georgia.  Hume  is  a  professional  stock
promoter who works as an agent of WSCF.
FACTUAL BACKGROUND

 WSCF’s Promotional Campaigns
18. Defendants  disseminated,  and  continue  to  disseminate,  misinformation  about
penny-stock  companies  in  three  principal  forms:  (1)  purported  “investment  opinions”;  (2)  mass
emails;  and  (3)  regularly  updated  web  profiles.  These  materials  are  frequently  issued  under  the
brand of Wall Street News Alerts (“WSNA”), which is WSCF’s trade name and also the name of
WSCF’s web site for investors.
19. WSCF’s   purported   investment   opinions   resemble   press   releases.   WSCF
distributes them through one or more press-release distribution services. The opinions commonly
bear a preface: “NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by

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Wall Street Capital Funding,” and the dateline on each opinion is Weston, Florida – the location
of WSCF’s former office.
20. An  opinion’s  headline  typically  includes  attention-grabbing,  positive  language  –
for example, “Wall Street News Alert issues Special Alert on PGNE,” “Stock in Focus: PGNE”,
or “4 Stocks You Need to Know.”
21. The  first  paragraph  of  an  opinion  commonly  claims  that  the  penny  stock  being
promoted is, along with several major corporations, one of “Wall Street News Alert’s ‘stocks to
watch’ this morning.”  For example, an investment opinion that WSCF issued for PrimeGen on
or  about  July  9,  2009  began:  “Wall  Street  News  Alert’s  ‘stocks  to  watch’  this  morning  are:
PrimeGen Energy Corporation (OTC: PGNE), Alcoa (NYSE: AA), GE (NYSE: GE), and Exxon
Mobil  Corporation  (NYSE:  XOM).”  The  reason  WSCF  lists  major,  widely  known  corporations
alongside a company like PrimeGen is to lend an impression of substance to the company being
promoted.
22. The  investment  opinions  then  proceed  to  repeat  phony  claims  made  in  recent
press  releases  from  the  penny  stock  company  being  promoted.  In  the  case  of  PrimeGen,  these
claims  mostly  concerned  supposed  success  in  drilling  for  oil  in  Russia.  In  the  case  of  Caliber,
which  was  also  known  as  Navajo  Wind  Energy  Corp.,  the  claims  mostly  concerned  supposed
progress in developing wind-energy projects in China.
23. The investment opinions also commonly direct readers to WSCF’s web profile of
the company being promoted – for example, “For an in-depth profile of PrimeGen Energy, visit”
a  specified  web  page  at  Wall  Street  News  Alert,  and  “For  more  information,  please  visit
www.WallStreetNewsAlert.com.”

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24. WSCF’s  investment  opinions  for  PrimeGen,  Caliber,  and  other  penny  stocks
included a disclaimer containing the following language:
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.

25. For the sake of illustration, appendix A to this Complaint reproduces investment
opinions that WSCF issued for PrimeGen on or about July 9, 2009, January 5, 2010, and January
7, 2010, and for Caliber on or about February 24, 2009 and November 6, 2009.
26. From  April  2009 to January  2010,  WSCF  issued  as  many  as  50  investment
opinions about PrimeGen. From January 2009 to November 2009, WSCF issued as many as 17
investment opinions about Caliber.
27. WSCF’s second form of promotional material is mass emails, which are typically
sent  to  email  addresses  on  proprietary  lists  of  WSNA  subscribers  maintained  by  WSCF  and  to
email  addresses  on  lists  rented  or  purchased  from  one  or  more  third-party  vendors.  The
proprietary  lists  have  approximately  ten  thousand  email  addresses.  The  size  of  the  lists  from
third-party vendors has varied from the low millions to as many as 52 million email addresses.
28. The mass emails had headlines such as “Revenues for PGNE to soar with newest
42  Well  project  /  First  Oil  Well  ALONE  projected  to  generate  $71.7Million  per  year  /  When
PGNE  explodes  will  you  be  there  to  enjoy  the  ride?”  (December  9,  2009)  or  “Revenues  for
PGNE  to  soar  with  newest  42  Well  project  /  PrimeGen’s  successful  drilling  efforts  continue,
making it an ideal opportunity / Finally a Small Cap Company worth looking at!” (December 15,
2009).  The emails went on to repeat recent claims made by the company being promoted. The

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emails also commonly invited readers to click on a link (e.g. “Click Here to get details you won’t
find anywhere else”) to the company’s profile on the Wall Street News Alert web site.
29. For the sake of illustration, appendix B to this Complaint reproduces mass emails
that  WSCF  issued  for  PrimeGen  on  or  about  October  21,  2009,  December  9,  2009,  and
December 15, 2009, and for Caliber on or about May 12, 2009 and November 3, 2009.
30. The third form of promotional material, the web profile, is a web page maintained
on  the  Wall  Street  News  Alert  web  site.    In  the  case  of  PrimeGen,  the  profile  began  with  a
regularly  updated  “Breaking  News”  section  that  repeated  PrimeGen’s  own  recent  claims  in  the
same style as the corresponding investment opinion, and often using the same words. Next came
a  series  of  sections:  “Why  Consider  PGNE”,  “Corporate  Growth”,  “Company  Snapshot”,
“Current Stock Data”, and “Recent News.”
31. At the end of the profile was a disclaimer that included the same language found
in the investment opinion:
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.

32. For  the  sake  of  illustration,  appendix  C  to  this  Complaint  contains  images  of
WSCF’s web profile for PrimeGen as it looked on or about April 28, 2009 and May 12, 2009.
33. PrimeGen   and   Caliber   are   just   two   examples.   WSCF   has   existed   for
approximately  ten  years  and  in  that  time  is  believed  to  have  disseminated  misinformation
relating  to  hundreds  of  penny  stocks.  Other  relatively  recent  penny-stock  fraud  programs  in
which  WSCF  has  played  a  role  include  Fidelis  Energy,  Inc.  (“Fidelis”  or  “FDEI”),  a  purported
developer  of  solar-energy  projects  that  WSCF  promoted  in  the  first  half  of  2010, and  Supatcha

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Resources,  Inc.  (“Supatcha”  or  “SAEI”),  a  purported  mineral-exploration  company  that  WSCF
promoted in April and May of 2010.
34. All  of  WSCF’s  promotional  materials  are  intended  to  make  the  penny  stocks  in
question appear attractive to investors. Cardwell, Campbell, and Hume share the goal of boosting
the trading volume, and therefore the price, of the stocks they promote.
Defendants’ Compensation

35. WSCF has strong incentives to boost the price of the penny stocks it promotes.
36. WSCF  is  commonly  paid  with  shares  of  the  penny  stock  being  promoted.
WSCF’s  practice  is  to  sell  those  shares  during  its  promotional  campaigns.  Accordingly,  the
higher the price of the shares during the campaigns, the more money WSCF can make.
37. For  example,  WSCF  was  issued  five  million  shares  of  PrimeGen’s  stock  in
exchange  for  WSCF’s  agreement  to  promote  PrimeGen.  WSCF  sold  those  shares  while
promoting  PrimeGen.  WSCF  generally  sold  its  shares  at  prices  inflated  by  the  very  artificial
demand  that  WSCF’s  promotional  activities  helped  to  generate.  WSCF  was  issued  thirteen
million shares of Caliber, of which it has sold approximately 7.7 million shares, again mostly or
entirely at prices inflated by artificial demand resulting from promotional activities.
38. WSCF   pays   Hume   a   percentage   of   WSCF’s   own   proceeds   from   WSCF’s
promotional campaigns.
39. WSCF  knows  that  its  clients  are  more  likely  to  be  satisfied,  and  to  bring  repeat
business  to  WSCF,  if  WSCF’s  activities  boost  the  volume  and  price  of  the  penny  stock  in
question.

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WSCF’s Preparation of Promotional Materials
40. Cardwell and Campbell preside over WSCF.  They hire, train, supervise, manage,
and direct WSCF’s staff. Most members of WSCF’s staff are based in Miami County, Florida.
41. When WSCF’s staff creates promotional materials, they use templates created or
approved by Cardwell and Campbell.
42. Cardwell  and  Campbell  take  personal  responsibility  for  all  of  the  promotional
materials disseminated by WSCF.
43. Cardwell  and  Campbell  automatically  receive  all  of  the  mass  emails  sent  to
WSCF’s subscribers.
44. Campbell  sometimes  reviews  and  edits  materials  before  they  are  released  and
personally creates some of the mass emails and / or templates for the mass emails. Following are
some examples of Campbell’s personal involvement in the creation and dissemination of WSCF
materials:
a. In May 2009 Campbell personally approved a template for mass emails to
WSNA  subscribers,  and  then  used  that  template  for  mass  emails  that  he
personally  sent  (or  caused  to  be  sent)  to  WSNA  subscribers  promoting
Caliber and / or PrimeGen.
b. On  or  about  June  24,  2009,  Campbell  personally  created  and  distributed
(or  caused  to  be  distributed)  a  mass  email  that  promoted  PrimeGen  to
WSNA  subscribers  using  content  that  had  been  personally  approved  by
Cardwell.

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c. On   or   about   November   6,   2009,   Campbell   personally   created   and
distributed  (or  caused  to  be  distributed)  to  WSNA  subscribers  a  mass
email promoting Caliber.
These examples are for illustration only. Campbell personally played a direct role in the creation
and dissemination of numerous other WSCF promotional items.
45. Cardwell is personally in charge of the wording of WSCF’s disclaimers.
46. Cardwell personally reviews much of WSCF’s material, including nearly all mass
emails and web profiles, before it is released. Cardwell sometimes edits these items and at other
times issues instructions concerning their content.
47. To  the  extent  specific  statements  in  specific  promotional  materials  are  not
reviewed by Cardwell, it is because they are produced pursuant to a protocol that Cardwell and
Campbell developed and have trained their staff to follow.
48. The  essence  of  the  protocol  is  that,  in  making  claims  about  a  penny-stock
company’s  business,  WSCF  relies  exclusively  on  the  company’s  press  releases,  web  site,  and
SEC filings (if any).
49. In other words, WSCF does not independently investigate the claims made in its
promotional materials, which frequently repeat the penny-stock company’s claims verbatim.
50. On   the   contrary,   WSCF   has   a   general   practice   of   asking a   purported
representative of the company being promoted to sign off on a copy of WSCF’s web profiles and
other promotional materials before WSCF disseminates these materials in final form.
Orchestration of WSCF’s Campaigns

51. Before  WSCF  agrees  to  promote  a  company,  Hume  or  another  person  at  WSCF
discusses  with  that  company,  or  its  apparent  representative,  how  many  press  releases  the

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company intends to put out or how many press releases it has on the “back burner” for WSCF to
use.
52. Defendants  knew  ahead  of  time,  for  example,  that  PrimeGen  and  Caliber  were
going  to  have  a  great  deal  of  “news”  about  their  successes  –  in  other  words,  that  the  news  was
completely  canned.  On  February  2,  2009,  an  intermediary  in  Canada  working  on  behalf  of
PrimeGen  and  Caliber  (the  “Intermediary”)  sent  Hume  an  email  (which  Hume  forwarded  to
Campbell) describing the PrimeGen promotion opportunity as a “beautiful Oil & Gas deal out of
Russia”  that  was  “ready  for”  WSCF.  On  February  5,  2009,  Campbell  wrote  to  a  mass-email
vendor that “CLBN could be a long term deal so throw everything you got at it.” And in October
2009, Hume wrote to a mass-email vendor, “PGNE is the one I may have news for tomorrow and
will be running most often thru Dec.”
53. Once WSCF is engaged, Hume typically tells the company being promoted when
to  issue  its  press  releases.  If  WSCF  is  unavailable  to  promote  a  company  on  a  given  day,  the
company often will not release its announcement that day. For example, in a June 3, 2009 email
that  the  Intermediary  sent  to  Hume  (and  that  Hume  forwarded  to  Campbell),  the  Intermediary
updated  WSCF  on  the  status  of  the  PrimeGen  stock  that  WSCF  was  expecting  to  receive  as
advance  payment  for  its  promotional  services.  The  Intermediary  then  prodded  WSCF:  “Both
CLBN  and  PGNE  have  excellent  news  ready  to  go  out.  We  could  get  something  started  on
Friday and over the weekend to build momentum for a strong day on Monday.” In other words,
Caliber  and  PrimeGen  were  waiting  for  WSCF  to  signal  its  availability  for  promotional  work
before releasing their purported news.
54. For many campaigns, including the campaigns for PrimeGen and Caliber, Hume’s
role  included  ensuring,  on  behalf  of  Cardwell  and  Campbell,  that  the  WSCF  staff  members

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preparing the various promotional materials were aware of their responsibilities and ready to do
their work as soon as a company’s news was announced.
55. At  other  times,  Cardwell  and  Campbell  personally  ensured  that  the  WSCF  staff
members  preparing  the  various  promotional  materials  were  aware  of  their  responsibilities  and
ready to do their work once a company’s news was announced.
56. Hume  sometimes  served  as  WSCF’s  go-between  with  one  or  more  mass-email
vendors, telling a vendor, potentially among other things, what items to disseminate and when.
Misrepresentations

57. The  underlying  claims  made  about  PrimeGen,  Caliber,  and  other  penny-stock
companies promoted by WSCF are false or misleading. For example, PrimeGen had no drilling
operations or revenues; indeed, it did not even have an office at the address where it claimed to
be headquartered. The same was true of Caliber.
58. Moreover,   WSCF’s   promotional   materials   created   the   false   or   misleading
appearance  of  an  independent  basis  for  WSCF’s  “opinions.”  Among  other  things,  WSCF’s
promotional  materials  frequently  asserted  that  the  statements  and  expressions  contained  therein
were  the  “sole  opinion”  of  WSCF  and  that  the  companies  being  promoted  had  “not  approved”
those statements “nor approved the timing” of the promotional materials. WSCF’s assertions in
this regard were false or misleading.
59. WSCF’s  promotional  materials  frequently  asserted  that  the  information  in  the
materials  “derived  from  a  variety  of  sources  including  [the  promoted]  company’s  publicly
disseminated information, third parties and WSCF research.” This statement at various times was
false or misleading insofar as WSCF did no “research” and consulted no “third parties.”

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60. WSCF  did  not  conduct  a  reasonable  investigation  to  support  its  opinions  and
favorable assessments.
Defendants’ Awareness of Wrongdoing
61. Defendants knew, or were reckless in not knowing, that they were disseminating
misinformation.
62. Cardwell and Campbell personally created, reviewed, and / or edited much or all
of the false or misleading promotional materials at issue here.
63. Any false or misleading statements that Cardwell or Campbell did not personally
create or review was created pursuant to their instructions and under their direction and control.
64. Cardwell  and  Campbell  (and  therefore  WSCF)  knew  that  their  disclaimers  were
false or misleading in that, among other circumstances: the companies being promoted typically
had  approved  most  of  the  statements  made  in  WSCF’s  materials;  WSCF  was  not  acting
independently  of  the  companies;  WSCF  had  conducted  no  inquiry  to  support  the  claims  it  was
making; and WSCF had no reasonable basis for its opinions.
65. Defendants  knew  that  the  circumstances  surrounding  WSCF’s  promotions  were
suspicious.
66. Defendants  knew  that  their  clients  release  news  not  in  the  ordinary  course  as  a
natural  outgrowth  of  business  developments,  but  rather  at  a  specific  moment  for  the  express
purpose of anchoring a stock-promotion campaign.
67. Defendants  were  aware  that  the  announcements  from  PrimeGen,  Caliber,  and
other  companies  –  and  therefore  WSCF’s  repackaging  and  repetition  of  those  statements  –
presented a danger of misleading the public.

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68. Campbell  was  personally  skeptical  about  certain  press  releases  provided  by
clients, including PrimeGen. Campbell, however, decided not to let his skepticism get in the way
of doing business.
69. Defendants  also  were  specifically  aware  of  complaints  about  the  truthfulness  of
PrimeGen’s  press  releases.  For  example,  on  or  about  September  17,  2009,  WSCF  received  an
email that stated:
There  are  serious  concerns  that  the  above  Co.  [i.e.  PrimeGen]  is  acting  fraudulently.
Your  support  despite  your  warning  and  proviso  particularly  bearing  in  mind  your
payment  for  the  services  provided  by  your  company  in  support  of  a  possible  fraudulent
activity  is  tantamount  to  perpetrating  that  fraud.  I  am  passing  this  information  to  the
RELEVANT BODIES including the FBI.

70. Similarly, on or about September 24, 2009, Hume reviewed a post on an internet
message  board  complaining  that  “there  are  quite  a  few  accusations  floating  around  that  what  is
going on with PGNE is nothing more than a scam.” The poster referred to PrimeGen’s failure to
communicate,  the  unavailability  of  independent  corroboration  of  any  of  the  claims  made  in
PrimeGen’s  press  releases,  and  the  facial  implausibility  of  those  claims  (“Your  PR’s  have
become  very  predictable  in  that  you  always  hit  paydirt.”).  Hume  sent  a  link  to  this  post  to  the
Intermediary,  telling  the  Intermediary  that  “things  like  this  are  posted  everywhere  .  .  .  some  of
the reasons why little trading lately.”
71. From December 2, 2009 to January 5, 2010, another individual pressed Cardwell
and   Campbell   for   information   about   PrimeGen.   On   December   7,   2009,   this   individual
complained  to  Cardwell  and  Campbell  that  PrimeGen’s  “Tel  #  is  NEVER  attended  by  any
person.  Can  you  please  find  out  why?  I’m  trying  to  get  in  touch  with  any  executive  o[r]
employee of PGNE for Due Diligence.”
72. On December 9, 2009, this individual wrote:

16
Please note that many investors are concerned about the legitimacy of Primegen Energy
corporation  and  reliability  of  the  news  releases  about  it’s  drilling  operations.  Since  you
have been in touch with Primegen management for the press releases, please confirm that
the recent news releases regarding their drilling results are reliable. This request is made
to you primarily because I’m not able to contact anyone from primegen’s office in New
Jersey address.

73. Cardwell, Campbell, and Hume were aware of these inquiries.
74. None   of   the   inquiries   that   they   received   led   Defendants   to   investigate
meaningfully or to refrain from promoting PrimeGen or other penny stocks.
75. For  example,  on  December  9,  2009,  Hume  wrote  to  the  Intermediary:  “Can  you
provide me with as much info as possible on [Fidelis]? (website etc) Articles bash this company
and  they  claim  no  one  works  there.  Also  the  financials  show  they  lose  more  and  more  money
every  year.”  Notwithstanding  these  concerns,  Defendants  began  promoting  Fidelis  in  January
2010.
COUNT ONE

Violations of Section 17(a) of the Securities Act
(Against all Defendants)
76. The Commission repeats and realleges Paragraphs 1 through 75 of this Complaint
as if fully set forth herein.
77. As  alleged  herein,  WSCF,  Cardwell,  and  Campbell    directly  or  indirectly,  singly
or  in  concert  with  others,  in  the  offer  and  sale  of  securities,  by  the  use  of  the  means  and
instruments  of  transportation  and  communication  in  interstate  commerce  and  of  the  mails:    (a)
employed devices, schemes or artifices to defraud; (b) obtained money or property by means of
untrue statements of material fact or omissions to state material facts necessary in order to make
the statements made, in light of the circumstances under which they were made, not misleading;
and/or (c) engaged in transactions, practices, or courses of business which operated as a fraud or
deceit upon purchasers of securities.

17
78. As alleged herein, Hume directly or indirectly, singly or in concert with others, in
the  offer  and  sale  of  securities,  by  the  use  of  the  means  and  instruments  of  transportation  and
communication  in  interstate  commerce  and  of  the  mails,  obtained  money  or  property  by  means
of  untrue  statements  of  material  fact  or  omissions  to  state  material  facts  necessary  in  order  to
make  the  statements  made,  in  light  of  the  circumstances  under  which  they  were  made,  not
misleading.
79. By reason of the foregoing, WSCF, Cardwell, and Campbell violated, and unless
enjoined and restrained will continue to violate, Section 17(a) of the Securities Act [15 U.S.C. §
77q(a)].
80. Hume  violated,  and  unless  enjoined  and  restrained,  will  continue  to  violate,
Section 17(a)(2) of the Securities Act [15 U.S.C. § 77q(a)].
COUNT TWO

Violations of, and Aiding and Abetting Violations
of, Section 10(b) of the Exchange Act and Rule 10b-5
(Against all Defendants)
81. The Commission repeats and realleges Paragraphs 1 through 75 of this Complaint
as if fully set forth herein.
82. As  alleged  herein,  WSCF,  Cardwell,  and  Campbell,  directly  or  indirectly,  singly
or in concert, by the use of the means or instrumentalities of interstate commerce, of the mails, or
of  the  facilities  of  a  national  securities  exchange,  in  connection  with  the  purchase  or  sale  of
securities,  knowingly  or  recklessly:  (a)  employed  devices,  schemes  and  artifices  to  defraud;  (b)
made untrue statements of material facts and omitted to state material facts necessary in order to
make  statements  made,  in  the  light  of  the  circumstances  under  which  they  were  made,  not
misleading;  and/or  (c)  engaged  in  acts,  practices,  or  courses  of  business  which  operated  as  a
fraud or deceit upon purchasers of securities and upon other persons.

18
83. By reason of the foregoing, WSCF, Cardwell, and Campbell violated, and unless
enjoined and restrained will continue to violate, Section 10(b) of the Exchange Act [15 U.S.C. §
78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.10b-5].
84. As  further  alleged  herein,  Cardwell,  Campbell,  and  Hume  knowingly  provided
substantial  assistance  to  WSCF’s  violations  of  Section  10(b)  of  the  Exchange  Act  [15  U.S.C.  §
78j(b)] and Rule 10b-5 [17 C.F.R. 240.10b-5] thereunder.
85. Pursuant  to  Section  20(e)  of  the  Exchange  Act  [15  U.S.C.  §  78t(e)],  Cardwell,
Campbell, and Hume therefore are liable as aiders and abettors for violations of Section 10(b) of
the  Exchange  Act  [15  U.S.C.  §  78j(b)]  and  Rule  10b-5  thereunder  [17  C.F.R.  240.10b-5],  and
unless  enjoined  and  restrained  will  continue  to  violate  Section  10(b)  of  the  Exchange  Act  [15
U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.10b-5] as aiders and abettors.
COUNT THREE

Control Person Liability Under
Section 20(a) of the Exchange Act
(Against Cardwell and Campbell)
86. The  Commission  repeats  and  realleges  Paragraphs  1  through  75  and  Paragraphs
81 through 85 as if fully set forth herein.
87. At  all  relevant  times,  Cardwell  and  Campbell  possessed  the  power  to  direct  and
control  WSCF’s  management,  policies,  and  operations  and  were  control  persons  of  WSCF
pursuant to Section 20(a) of the Exchange Act [15 U.S.C. § 78t(a)].
88. Cardwell  and  Campbell  were  culpable  participants  in  WSCF’s  violations  of  the
Exchange Act as described above.
89. By  reason  of  the  foregoing,  Cardwell  and  Campbell  are  jointly  and  severally
liable  as  control  persons  with,  and  to  the  same  extent  as,  WSCF  for  WSCF’s  violations  of
Section 10(b) of the Exchange Act [15 U.S.C. §§ 78j(b)] and Rule 10b-5 thereunder [17 C.F.R.

19
240.l0b-5], and unless enjoined and restrained, Cardwell and Campbell will continue to cause, or
to fail to prevent, WSCF’s violations of these provisions.
PRAYER FOR RELIEF
WHEREFORE, the Commission respectfully requests that this Court enter judgment
finding that Defendants committed the aforementioned violations and:
I.
Granting  permanent  injunctive  relief,  including  without  limitation  a  penny  stock  bar
pursuant to Section 20(g) of the Securities Act [15 U.S.C. § 77t(g)] and Section 21(d)(6) of the
Exchange Act [15 U.S.C. § 78u(d)(6)], to prevent Defendants from committing future violations
of the Securities Act and the Exchange Act, and from engaging in acts, practices, and courses of
business of similar type and object to those set forth in this Complaint.
II.
Ordering Defendants to disgorge their ill-gotten gains, plus prejudgment interest.
III.
Imposing  civil  monetary  penalties  pursuant  to  Section  20(d)  of  the  Securities  Act  [15
U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)].
IV.
Granting such other and further relief as the Court deems just and proper, including such
equitable relief as may be appropriate or necessary for the benefit of investors.

20
Dated:  February  7,  2011

                                                               SECURITIES                                                               AND                                                               EXCHANGE COMMISSION

       By: s/ Todd D. Brody

  George S. Canellos
  Andrew M. Calamari
  Celeste A. Chase
  Todd D. Brody (Florida Bar Number: A5501586)
 Daniel R. Walfish (Florida Bar Number: A5501585)

                                                                     [email protected]
 New York Regional Office
 U.S. Securities and Exchange Commission
 3 World Financial Center Suite 400
  New York, New York 10281
                                                                     Telephone:                                                                     (212)                                                                     336-0080
 Facsimile: (212) 336-1324

Attorneys for Plaintiff Securities and Exchange
Commission

APPENDIX A

Highlighted Links

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SOURCE: Wall Street News Alert
Jul 09, 2009 08:38 ET
Wall Street News Alert: Stock in Focus for Thursday: PrimeGen Energy -- July 9, 2009
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - July 9, 2009) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation
(PINKSHEETS: PGNE), Alcoa (NYSE: AA), GE (NYSE: GE) and Exxon Mobil Corporation (NYSE: XOM).
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.
PrimeGen Energy Corporation (PINKSHEETS: PGNE) announced it struck oil at its Timan-Pechora Project on June 30th and now the production results for the
Kochmesskoye well at Timan-Pechora, Russia are in.
Yesterday after the markets closed, the company issued a press release announcing that the well commenced commercial oil production on June 17, 2009, and the
Company has received production results for the first 21 days. According to the release, total oil produced and sold was 25,200 barrels with an average daily
production rate of 1,200 barrels per day.
The swab test analysis of the well during the completion phase indicated that the production rate should exceed the original estimate of 1,400 barrels per day. The
I.P.R.s (Initial Production Rates) are being evaluated and production has, over many days in the month, exceeded a rate of 1,300 barrels per day. The
Kochmesskoye well is the first of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009 development program calls for the drilling of a minimum of
30 wells to develop the field. When fully developed, the 30 wells should give a daily production rate at Timan-Pechora of 35,000 barrels per day.
The press release goes on to state that using current pricing for Timan-Pechora crude oil, PrimeGen has now projected that the well has generated $1.6 million in
revenue or $19.2 million per year and will payout its entire cost in 3 months. Currently, oil at Timan-Pechora has been priced at over $65.00 per barrel.
According to the release, the Timan-Pechora Project area currently consists of 24 existing production oil wells with close to one billion barrels and 132 BCF of proven
reserves. A discovery well tested 5,589 BOPD from zone at 3,958-3,974 meters. Timan-Pechora region is 17 kilometers from Ukhta, a major town in the Republic of
Komi. The oil plays are situated approximately 1,200 km from Moscow. Its surrounding areas have well-established infrastructure, allowing all year access for field
operations. Power lines and a major highway pass through the territory. There is also a branch of the Transneft pipeline between Ukhta and Moscow that passes
directly over the project. Additional transportation routes include a railway system, with the nearest terminal located close to Ukhta.
The stock closed yesterday at around Four cents a share.
For an in-depth profile of PrimeGen Energy, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_070709.
Alcoa (NYSE: AA) up 0.5% on 73.3 million shares traded.
Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing
participation in all major aspects of the industry.
GE (NYSE: GE) down 2.7% on 139.6 million shares traded.
General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.
Exxon Mobil Corporation (NYSE: XOM) down 0.4% on 30 million shares traded.
Exxon Mobil Corporation is one of the leading international energy companies whose subsidiaries have operations in most of the world's countries.
Market Commentary:
Oil prices continue to tumble as benchmark crude for August delivery fell more than 4 percent, or $2.79, to settle at $60.14 a barrel on the New York Mercantile
Exchange. Retail gas prices have fallen every day for more than two weeks, and gasoline futures fell more than 9 cents a gallon.
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
[email protected].
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 (PINKSHEETS: PGNE), WSCF has been compensated Four
Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Two Million, One
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 client's 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
Wall Street News Alert: Stock in Focus for Thursday: PrimeGen Energy -- July 9, 2009
1 of 2

Company: Wall Street News Alert
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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.
Back
Wall Street News Alert: Stock in Focus for Thursday: PrimeGen Energy -- July 9, 2009
2 of 2

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SOURCE: Wall Street News Alert
Jan 05, 2010 09:38 ET
Breaking News: PrimeGen Energy Sets Oil Production Record of 1,745 BPD -- January 5, 2010
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - January 5, 2010) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy
Corporation (PINKSHEETS: PGNE), GE (NYSE: GE), Apple Inc. (NASDAQ: AAPL) and The Goldman Sachs Group, Inc. (NYSE: GS).
Yesterday after the markets closed, PrimeGen Energy Corporation (PINKSHEETS: PGNE) released new production figures as of
December 31, 2009 resulting from the recent completion of production of ten wells in the Timan-Pechora field and one well in
Rodnikovskogo project. The Company achieved total average daily production of 16,550 bpd during the month and reached a
production high of 17,340 bpd on December 28, 2009.
On November 10, 2009 the Company commenced commercial oil production of Kochmesskoye #8 well with production results for the first 15 days at an average
daily rate of 1,590 barrels per day. On November 26, 2009, Kochmesskoye #9 commenced production with results for the first 24 days at an average daily rate of
1,620 barrels per day. On December 17, 2009, Kochmesskoye #10, the tenth well of the project was drilled and completed and resulted in setting a new production
record for the field of 1,745 barrels per day. PrimeGen currently has ten wells in the Timan-Pechora field producing at full capacity for a total of 13,937 barrels per
day and one well in its Rodnikovskogo project producing 2,620 barrels per day.
The Timan-Pechora project 2010 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 Rodnikovskogo project 2010 development program calls for the drilling of a minimum
of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000 barrels per day. It is estimates
that these two projects could yield the Company a daily production rate of over 150,000 barrels per day. Using current pricing for crude oil in the region, PrimeGen
has confirmed that all producing wells have generated $97.1 million in revenue or a projected $420 million per year.
In addition, PrimeGen's Board of Directors formed a Committee to implement its plan to list its stock on the Over the Counter Bulletin Board (OTCBB). Robert
Charlton, PrimeGen's CEO, is leading the OTCBB listing effort. PrimeGen's OTCBB goals are to apply by March 31, 2010. PrimeGen's listing on the OTCBB is subject
to its listing requirements and standards. These include but aren't limited to share price and shareholder equity. There is no guarantee PrimeGen will qualify for or
be accepted by the OTCBB for listing on its exchange.
Robert Charlton, CEO of PrimeGen, said, "We are a fully reporting Pink Sheets public company and have made a major effort to ensure we file our financial reports
on time. We have been planning to list our shares on the OTCBB and expect our OTCBB application will be filed within 90 days.
The stock closed yesterday at around Nine cents a share.
For an in-depth profile of PrimeGen Energy, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_010410.
To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "press" in the subject line to 68494.
For more information, please visit
www.WallStreetNewsAlert.com and you can also follow Wall Street News Alerts on Twitter at http://twitter.com/wsna.
GE (NYSE: GE) up 2.1% on 67 million shares traded.
General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.
Apple Inc. (NASDAQ: AAPL) up 1.5% on 17.5 million shares traded.
Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.
The Goldman Sachs Group, Inc. (NYSE: GS) up 2.5% on 9.1 million shares traded.
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a
substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
Market Commentary:
The Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index read 55.9 in December after 53.6 in November. A
reading above 50 indicates growth.
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
[email protected].
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 (PINKSHEETS: 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 has sold all of those shares. 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 client's 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
Breaking News: PrimeGen Energy Sets Oil Production Record of 1,745 BPD -- January 5, 2010
1 of 2

Contact email: Email Contact
URL: http://www.wallstreetnewsalert.com
Company: Wall Street News Alert
Privacy Statement | Terms of Service | Sitemap |© 2011 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US)  |  1-888-299-0338 (Canada)  |  +44-20-7562-6550 (UK)
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.
Back
Breaking News: PrimeGen Energy Sets Oil Production Record of 1,745 BPD -- January 5, 2010
2 of 2

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SOURCE: Wall Street News Alert
Jan 07, 2010 09:38 ET
Thursday's Market Watch: PrimeGen Energy Corporation -- January 7, 2010
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - January 7, 2010) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy
Corporation (PINKSHEETS: PGNE), Alcoa, Inc. (NYSE: AA), Schlumberger Limited (NYSE: SLB) and Stillwater Mining Company (NYSE:
SWC).
Yesterday after the markets closed, PrimeGen Energy Corporation (PINKSHEETS: PGNE) issued a press release announcing the initial
production for the Rod 10-22, the second well at the Company's Rodnikovskogo, Russia, property. The well commenced commercial oil
production on December 16, 2009, and the Company has received production results for the first 21 days. Total oil produced and sold was 60,480 barrels with an
average daily production rate of 2,880 barrels per day.
The press release states that using current pricing for Rodnikovskogo crude oil, PrimeGen has confirmed that the new well alone has generated $4.3 million in
revenue, or a projected $75.5 million per year. Currently, oil at Rodnikovskogo has been priced at over $72.00 per barrel.
The Rod 10-22 well is the second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in Russia by PrimeGen. The 2010 development
program calls for the drilling of a minimum of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo
of 110,000 barrels per day.
This week the company also released new production figures as of December 31, 2009 resulting from the recent completion of production of ten wells in the Timan-
Pechora field and one well in Rodnikovskogo project. The Company achieved total average daily production of 16,550 bpd during the month and reached a
production high of 17,340 bpd on December 28, 2009.
On November 10, 2009 the Company commenced commercial oil production of Kochmesskoye #8 well, with production results for the first 15 days at an average
daily rate of 1,590 barrels per day. On November 26, 2009, Kochmesskoye #9 commenced production with results for the first 24 days at an average daily rate of
1,620 barrels per day. On December 17, 2009, Kochmesskoye #10, the tenth well of the project, was drilled and completed and resulted in setting a new
production record for the field of 1,745 barrels per day. PrimeGen currently has ten wells in the Timan-Pechora field producing at full capacity for a total of 13,937
barrels per day and one well in its Rodnikovskogo project producing 2,620 barrels per day.
Furthermore, Monday's press release also stated that in addition, PrimeGen's Board of Directors formed a Committee to implement its plan to list its stock on the
Over the Counter Bulletin Board (OTCBB). Robert Charlton, PrimeGen's CEO, is leading the OTCBB listing effort. PrimeGen's OTCBB goals are to apply by March 31,
2010. PrimeGen's listing on the OTCBB is subject to its listing requirements and standards. These include but aren't limited to share price and shareholder equity.
There is no guarantee PrimeGen will qualify for or be accepted by the OTCBB for listing on its exchange.
The stock closed yesterday at around Ten cents a share.
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Alcoa, Inc. (NYSE: AA) up 5.2% on 46.7 million shares traded.
Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and
growing participation in all major aspects of the industry.
Schlumberger Limited (NYSE: SLB) up 2.2% on 9.9 million shares traded.
Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas
industry worldwide.
Stillwater Mining Company (NYSE: SWC) up 16.5% on 4.9 million shares traded.
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa
and the Russian Federation.
Market Commentary:
The Institute for Supply Management said its services index rose to 50.1 in December from 48.7 in November. A reading above 50 signals growth.
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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 (PINKSHEETS: 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 has sold all of those shares. 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 client's 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
Thursday's Market Watch: PrimeGen Energy Corporation -- January 7, 2010
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"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-
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SOURCE: Wall Street News Alert
Feb 24, 2009 09:33 ET
Wall Street News Alert: Breaking News Alert: CLBN -- February 24, 2009
WESTON, FL--(Marketwire - February 24, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy
Corp. (PINKSHEETS: CLBN), American International Group, Inc. (NYSE: AIG), Garmin Ltd. (NASDAQ: GRMN) and Fifth Third Bank
(NASDAQ: FITB).
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*** This free service can be discontinued at any time by replying to any one of the alerts with the word "stop"
Having announced it has secured a new 200 MW wind site located in Xinjiang, China, Navajo Wind Energy Corp. (formerly Caliber
Energy Inc) (PINKSHEETS: CLBN) should have the attention of investors looking to possibly benefit from this clean energy industry. Yesterday after the markets
closed, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that that it has signed
an agreement with Australian industrial technology company, Vector Industrial Designs ("VID"), to participate in the research, development and optimization of
various proprietary wind turbine technology designs.
Good news for the company as the press release states that over the next three years, Navajo has agreed to contribute further engineering expertise to VID and
allow the implementation of their new turbine technologies at the Company's wind farm sites. Under the terms of the agreement, Navajo will receive the future
production benefits of VID supplied turbine equipment operating within the framework of future wind farm facilities. In addition, the Company will have the option
to modify or replace its wind turbine equipment to the VID design specifications at cost.
Navajo CEO Barry Doyle commented, "This synergistic alliance with Vector Industrial could be extremely beneficial to Navajo for years to come. We expect to
progressively become a lower cost producer of wind generated power using the most advanced technologies, which will also facilitate our growth by broadening the
scope of projects that are economically viable in the future."
The company also reported last week it has secured a new 200 MW wind site located in Xinjiang, China. According to the release, the Xinjiang Project is the second
announcement of many new acquisitions that Navajo Wind Energy is currently developing as part of the previously announced "China Initiative." This site is
situated on 6,200 acres and is in an area with proven, high-energy wind speeds. Previous testing indicates a mean average annual wind speed in excess of 11
meters per second or over 25 miles per hour, capable of generating net operating capacity factors in excess of 50 percent.
Barry Doyle, CEO states, "There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of
property. Navajo Wind's access to proprietary information dating back to the 1990s allowed the Company to seize this opportunity several weeks before our
competition. We are extremely proud of this accomplishment."
Navajo Wind Energy is currently conducting environmental studies to complete the permitting process.
The stock closed yesterday at around a Penny a share.
For an in-depth profile of Navajo Wind Energy, visit
http://www.wallstreetnewsalert.com/HotStocks/CLBN022309/default.aspx.
American International Group, Inc. (NYSE: AIG) down 1.8% on 77.8 million shares traded. American International Group, Inc. is one of the world leaders in
insurance and financial services.
Garmin Ltd. (NASDAQ: GRMN) up 7.3% on 6.4 million shares traded. Garmin is the global leader in satellite navigation, and has sold more than 43 million devices.
Fifth Third Bank (NASDAQ: FITB) up 20.3% on 56.6 million shares traded. Fifth Third Bancorp is a diversified financial services company headquartered in
Cincinnati, Ohio.
Market Commentary:
Is was a hard day for markets yesterday, as the Dow Jones industrial average fell to an 11-year low on Monday as uncertainty about the latest potential U.S.
government action to shore up struggling banks and bad news from tech stocks.
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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 Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (OTC: CLBN), WSCF has been
compensated Four Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds
Three Million, Three Hundred and Fifty 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 client's 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
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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
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"plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a
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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.
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Nov 06, 2009 08:38 ET
Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - November 6, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy
Corp. (PINKSHEETS: CLBN), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Teck Resources Limited (NYSE: TCK) and Baker
Hughes Inc. (NYSE: BHI).
Yesterday after the markets closed, Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN) issued a press
release announcing that it has taken delivery of 10 of the 53 wind turbines per the manufacturing supply agreement with China Lao
Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its 120.80 MW wind farm project in Liaoning Province, China. Navajo Wind Energy is a renewable
energy company focused on creating electricity from the power of wind.
The Agreement includes provisions for supplying the China Lao Gaixian Project with 53 complete wind turbines, as well as testing and commissioning services. The
Agreement also provides for operations and maintenance services to be provided to China Lao Gaixian Wind L.P. over a two-year period. This agreement is
anticipated to result in approximately US$65 million in revenue over its duration.
The stock closed yesterday at a Penny a share.
For an in-depth profile of Navajo Wind Energy, visit
http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110509.
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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 2.3% on 15.3 million shares traded.
FCX is a leading international mining company with headquarters in Phoenix, Arizona.
Teck Resources Limited (NYSE: TCK) up 4.7% on 8.1 million shares traded.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal,
zinc, gold and energy.
Baker Hughes Inc (NYSE: BHI) up 3% on 5.7 million shares traded.
Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
Market Commentary:
Oil is down as U.S. crude for December lost 78 cents to settle at $79.62. London Brent crude fell 90 cents to settle at $77.99.
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
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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 Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN), WSCF has
been compensated a total of Thirteen Million shares (Seven Million Shares for current services and Six 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 Five Million, 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 client's 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
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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
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"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.
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Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009
2 of 2

APPENDIX B

3/2/10 12:46 PMPGNE1020.html
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Investor Alert is being issued for OTC: PGNE on Wednesday 10/21/2009
Oil prices are raging, hitting a one-year intraday
high of $80.05 a barrel early Tuesday and suddenly
thrusting PGNE into the spotlight again...
perhaps into the sights of day-traders.
PrimeGen Energy (OTC: PGNE), a U.S. based publicly trading company,
releases breaking news Oil Well #6 is now averaging over 1,300 barrels a day
Priced at only $0.08 per share - PrimeGen receives our
Special Profit Alert that could have a big run back
to the $0.30 level it is was at a few months back

PrimeGen Energy is headquarted
in Bridgewater, NJ with offices in
Moscow, Russia

Current Projects:
- Timan-Pechora's  Project
- Project  area  with 30  Oil Well potential
- Timan-Pechora Area  projected  reserves
  of 1 Billion Barrels
- Initial production Kocmesskoye well #1
  1,200  Barrels per day  with projected
  revenue  $19.2Mil Dollars  for 1st well
- Initial production Kocmesskoye well #2
  920 Barrels for 1st 9 Days or 920
  Barrels per day.
- Well #3  reaches producing 1,140  Barrels
  per day
` Fourth Well producing 1,670  Barrels per day
- Well #5  hits production of 1,230  Barrels per
  day  with a projected  $995K Dollar  revenue

Headline News Released for PrimeGen Energy
Quote
   |   News   |   Profile
Breaking News: PrimeGen - Initial Production at
Timan-Pechora Kochmesskoye No. 6 Well
Averages 1,380 Barrels Per Day
Tuesday 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

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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.
Read the Full Press Release Here
  Important Recent Drilling Effort Results:

~The  Company has  received production results
for the first  21  days. Total oil  produced and
sold was 25,200 barrels with an  average  daily
production rate of 1,200  barrels per day.
~The  2009 development program calls  for the
drilling of a minimum of 30  wells to develop  the
field.  When  fully developed, the 30  wells
should give a daily production rate at Timan-
Pechora of 35,000 barrels per day.
~Using current  pricing for Timan-Pechora
crude  oil, PrimeGen  has  now projected  that the
well has  generated  $1.6 million in revenue  or
$19.2  million per year and will payout  its entire
cost in 3 months.
~The  Timan-Pechora Project  area  currently
consists  of 24  existing production oil  wells
with close to one billion barrels proven
reserves

All  rights reserved.  This is a paid advertisement by WallStreetCapitalFunding (WSCF)  strictly for introduction and marketing purposes
only and is not a solicitation or recommendation to buy, sell  or hold securities in the company. 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.  For current  services performed for PrimeGen  Energy Corporation (OTC: PGNE), WSCF has  been
compensated  Five Million shares, by a third party,  NorthStar Capital  Corporation,  who is non-affiliated and may hold a significant
position in the stock.  WSCF holds Nine HundredThousand of those shares  as of this release, and intends to immediately continue
selling its shares  as this release is being circulatedTo read  a full marketing compensation disclosure  click HERE.

 Trading Symbol: (OTC: PGNE) Wednesday December 9, 2009
Revenues for PGNE to soar with newest 42 Well project
First Oil Well ALONE projected to generate $71.7Million per year
When PGNE explodes will you be there to enjoy the ride?
PrimeGen Energy announces successful drilling efforts for 2nd Oil Well in
Rodnikovskogo Project and is estimated to reach a target depth by Monday
The company issued a press release Tuesday after the markets closed stating it successfully
commenced drilling the "Rod 10-22" oil well in the Rodnikovskogo oil field project which is the
second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in Russia
by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 42 wells
to develop the field. When fully developed, the 42 wells could yield a daily production rate at
Rodnikovskogo of 110,000 barrels per day. PrimeGen has confirmed that the Rod 10-21 well
alone has generated $2.7 million in revenue or a projected $71.7 million per year.  Currently,
oil in Rodnikovskogo has been priced at over $75.00 per barrel.

Get More Details Here

 Trading Symbol: (OTC: PGNE) Tuesday December 15, 2009
Revenues for PGNE to soar with newest 42 Well project
PrimeGen's successful drilling efforts continue, making it an ideal opportunity
Finally a Small Cap Company worth looking at!
PrimeGen Energy announces successful drilling efforts for 2nd Oil Well in
Rodnikovskogo Project as target depth is reached
PrimeGen Energy (OTC:PGNE) is pleased to announce it has successfully reach total target depth
on December 13, 2009 for the "Rod 10-22" oil well in the Rodnikovskogo oil field project which is
the second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in
Russia by PrimeGen.  Productive oil flow rates are anticipated by December 21, 2009.  The
2009/2010 development program calls for the drilling of a minimum of 42 wells to develop the field.
When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000
barrels per day. PrimeGen has confirmed that the Rod 10-21 well alone has generated $2.7 million
in revenue or a projected $71.7 million per year.  Currently, oil in Rodnikovskogo has been priced
at over $75.00 per barrel.

Get More Details Here

Tuesday May 12, 2009
Continued Coverage for Navajo Wind Energy(OTC: CLBN)
The Alternative Energy Company You're Urged To Watch Today
 View Informative Company Profile Here

CLBN finds itself in a "Win-Wind" situation as
China triples its goal for wind power generation
capacity by the year 2020
Research OTC: CLBN Now

Breaking News: Navajo Wind Announces Final Approval for Xinjiang Wind Farm
PPA from Local Government

With breaking news just released, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (OTC: CLBN) should have
investors watching closely. Monday after the market closed, the company, a renewable energy company focused on creating
electricity from the power of wind, issued a press release announcing that it has received a letter of final approval from the
local regional Mayor for the Xinjiang Power Purchase Agreement (PPA).
As per China's Renewable Energy Law, the Power Purchase Agreement with the local utility is mandated by the central
Government of China. Through this legislation, the State officially encourages the construction of renewable energy power
facilities. China's electricity grid is obligated to purchase all the electricity generated by approved renewable energy facilities
located in its service area. The grid's buying price for renewables is set by the National Development and Reform Commission
(NDRC), a regulatory department of the State Council. The company awaits final pricing and terms from the NDRC.
Navajo is extremely pleased with this development and is assured that the Company will have this long awaited news from the
Province before September, along with wind farm construction permit.
"We would like to thank everyone involved in this project for all of their hard work in attaining this tremendous accomplishment,"
says Barry Doyle, President of Navajo Wind Energy Corp. The details of the PPA will be formally announced within the next few
weeks with terms, conditions and pricing.
In addition, the Company looks forward to finalizing the current information with the Pink Sheets OTC disclosure and news
service.

New to Navajo Wind Energy or missed our recent coverage for this Emerging Company?
View Corporate Profile Here

Watch For Our Continued Coverage & Be Sure To Research CLBN Today

Disclaimer:
 View Complete Disclaimer

OTC: CLBN is back!  Months ago when they put out news
the price per share went from $0.005 to a high of $0.05

Tuesday November 3, 2009
Profile
   |   Quote   |   News
Today's Hot Investor Alert
Navajo Wind Energy, Inc. (OTC:
CLBN) --- Price: $0.011

Breaking News: Navajo Announces Closing of Third Tranche of $50 Million Financing

Monday  after  the markets  closed,  Navajo  Wind  Energy  Corp.  (formerly Caliber Energy  Inc)  (OTC:
CLBN)  issued  a  press  release  announcing the  completion  of  the  third  tranche  of  its previously
announced $50 million financing. Navajo Wind Energy is a renewable  energy  company focused on
creating electricity from the power of wind.

Navajo  will  receive gross  proceeds  of  $15  million  for  the  issuance  of  a promissory  note,  which  is
subject to a hold period of two years plus one day from the date of issuance in accordance with the
agreement. The funding is expected to be received on November 16, 2009, with the net proceeds of
the third tranche being approximately $13.8 million after deducting the placement agents' fees and
estimated offering expenses.

Navajo  will allocate  $13.5  Million  of  the  net  proceeds  to  fund  the previously  announced
acquisition of 200 MW Xinjiang Wind Farm Project ("Xinjiang"), see press release of February
25,  2009.  The  remaining  funds  will  be  used  as  working capital  for  the  Company.  To  date  the
Company  has  received $18.4  million  of  which  $18  million  have  been  used  to  fund the  200  MW
Xinjiang Wind Farm Project.

Read Full Press Release Here

5 Reasons You Should Consider CLBN Now!
1) The company has just inked a wind turbine manufacturing supply agreement with an estimated value of
US$65 Million.
2) China has the world's fastest-growing wind-energy market and is expected to become the biggest
manufacturer of wind energy equipment by the end of 2009, according to a new report.
3) Within 12 years wind power could supply 12% of the world's energy needs, preventing 10 billion  tones of
CO2 emissions in the process. By 2050, this could rise to 30% of the world's electricity.
4) Navajo Wind Energy, Inc. is focused on the development of more than 500 megawatts of clean wind energy to
drive its future revenues and growth
5) Wind Energy, a clean and renewable source of electric power, is also the world's fastest growing energy
source!

  Disclaimer
Wall  Street  News  Alert (WSNA) and its' Wall Street Enews  (WSEN) brand maintains a contractual, working relationship  with Wall Street Capital  Funding  LLC
(WSCF)  (The  Companies). None of The Companies are registered broker/dealers  and may not sell, offer  to sell  or offer  to  buy  any  security. The Companies
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. 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 Navajo  Wind Energy Corp. (formerly  Caliber  Energy Inc.) (OTC: CLBN), WSCF has  been  compensated  a total of
Thirteen  Million  shares  (Seven  Million  Shares  for  current   services  and  Six 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 Six  Million  of  those shares  as of this release, and intends  to
immediately continue selling its shares  as this release is being circulated.. VIEW COMPLETE  DISCLAIMER
.

APPENDIX C

Quote  |  Web Site  |  News  |  ChartTuesday April 28, 2009
PrimeGen Energy provides an excellent opportunity to acquire low priced assets in the very prolific
Volga Basin; its licenses have significant further upside potential with a large surface to explore within
well-defined prospects. The estimated cost of the project is approximately $200 million.
SOURCE: PrimeGen Energy
Tuesday, March 31, 2009
"PrimeGen Energy Finalizes Russian Oil & Gas Acquisi
tion"
BREAKING NEWS
PrimeGen Energy Analyzes Seismic Data to Specify Drill Target Locations
As the company continues to move forward, PrimeGen Energ
y Corporation (OTC: PGNE) should have investors watching
closely. Yesterday after the markets closed, the company issued a press release announcing that it has recently completed
further analysis of the previously mentioned 2D and 3D seismic data to refine the specifics during the drill target location
process with respect to the Company's natural gas exploration and development project in Russia.
The Company's current project area of focus is located in the Krasnoarmeiskome District, Saratovskoi Oblast in Russia, in
a prolific gas-producing area. PrimeGen has acquired a 100% interest in the oil & gas properties from Russian corporation
Seneko Holdings Ltd. The project area has all the characteristics that match PrimeGen's operating asset strategy of
high-value and reasonable risk that, if commercially viable, will allow PrimeGen to become a gas producer in 2009 with
long-term cash flows that provide a strong platform for growth.
According to the release, the project has the potential to contain over 30 BCF gas. PrimeGen has very high expectations
for the project and has a 100% interest in the area lands, but is subject to a 5% overriding royalty on future production. The
property area has significant engineering completed on it which includes 2D and 3D seismic across multiple target locations
including several rock formations with gas shows. It is these specific locations that are being scrutinized in the selection
procedures as potential well locations for the 2009 drilling program. The targeted locations are in close proximity to
producing gas wells, pipelines and operating infrastructure.
PrimeGen believes there is a high probability of success for the completion of commercially viable gas wells on the project
lands. Analog production from nearby wells in the area is currently 2,000 to 3,000 Mcf per day and the data profile of the
Company's current targets indicate that a similar level of success is a reasonable expectation.
Investors are urged to keep a close eye on future developments.
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_042709/
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2/16/2010 12:04 AM

Why Consider PGNE
PrimeGen Energy is is focused on building a substantial oil
 and gas portfolio in
Russia. In October 2008, PrimeGen acquired 100% of the Rodnikovskogo
Licence, a low risk, but potentially high reward area. PrimeGen is actively
exploring Russia and is constantly reviewing new opportunities for investment
in Russia and the other countries of Eastern Europe.
PrimeGen owns 100% in the Rodnikovskogo exploration license through its
100% owned Russian subsidiary “PrimeGen Seneko LLC“ (Limited Liability
Company). Saratovskoi Oblast is situated within the Russian Federation in the
Volga Federal District. The city of Engels is approximately 850 kms from
Moscow with a population of more than half a million. The city is an important
regional centre particularly within the energy industry.
The Rodnikovskogo exploration and exploitation license (valid until August
2025) covers an area of 250 sq km and is some 50-60kms to the North of the
city of Balakovo. The license is within a highly prospective region with existing
oil production on adjacent licenses and the super-giant THK-BP gas field.
Corporate Strategy
The strategy of company development involves:
the creation of a well-established oil-producing enterprise, as well as the production
 and
distribution of oil products by means of its inner potential;
the acquisition of assets in order to ensure long-term steady growth, to increase its
capitalization and to boost the revenue of its owners;
the creation of a system for monitoring and in-depth analysis with regard to the enhancement
of distribution systems. As a result, the company will work out its own distribution system for
the purpose of consolidating its stand on the oil market;
the increase of returns from the capital invested by founders of the enterprise. This goal will be
reached by means of ensuring a high level of management efficiency and the transparency of corporate structure;
the future use of innovative technologies for on-site oil refining;
Company Snapshot
About The Company
PrimeGen Energy Corp. is a is a publicly traded oil and gas exploration (Pink Sheets:
PGNE) whose primary focus is exploring and developing high potential unconventional
resource plays in Russia. The Company's strategy and assets include an extensive
multi-year oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi
Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in
Moscow, Russia. The Company's short term objectives are:
To become a medium size oil producer from the development and exploitation of th
e
Company's Rodnikovskogo oil & gas property;
To increase substantially the Company's gas reserves and production through the
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_042709/
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2/16/2010 12:04 AM

development and extension of its Russian gas assets;
Farm out and drill very substantial and mature prospects identified (3D seismic) in Russia;
As the operator of the Rodnikovskogo permit lead the way to drill the highly regarded Novo- Rodnikovskoe prospect in the
Krasnoarmeiskome District.
Continue to develop and leverage the Company's operational and technical expertise by expanding the Company's asset
portfolio in Russia.
Current Stock Data
Recent News
PrimeGen Energy Retains Finance Consulting Firm -  Wed, Apr 22, 2009
PrimeGen Energy Preparing for 2009 Drilling Program With Interpretation of Seismic Data on Russian Natural Gas -
Monday April 20, 2009
PrimeGen Energy Upgrading Pink Sheets Status to Current Information -  Tuesday April 7, 2009
PrimeGen Energy Finalizes Russian Oil & Gas Acquisition -  Tuesday March 31, 2009
Disclaimer
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
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_042709/
3 of 4
2/16/2010 12:04 AM

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 Four Million shares, by a third party,
NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Three
Million Eight Hundred and Sixty 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 companies' 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.
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_042709/
4 of 4
2/16/2010 12:04 AM

Quote  |  Web Site   |  News  |  ChartTuesday May 12, 2009
PrimeGen Energy provides an excellent opportunity to acquire low priced assets in the very prolific
Volga Basin; its licenses have significant further upside potential with a large surface to explore within
well-defined prospects. The estimated cost of the project is approximately $200 million.
SOURCE: PrimeGen Energy
BREAKING NEWS
PrimeGen Energy Signs MOU to Acquire Timan-Pechora Oil Production
With important news just released, PrimeGen Energy Corporation (OTC: PGNE) should have investors watching
closely. Yesterday at the close, the company issued a press release announcing that it has entered into an agreement with
Moscow-based resource management corporation Kozik Energy Ltd. whereby PrimeGen has secured a first right of
refusal to purchase 40% of Kozik ' working interest in a large, oil production play located in Timan-Pechora Basin,
Russia.
Kozik has signed a Memorandum of Understanding ("MOU") with the vendor thereby securing PrimeGen's interest in the
play subject to the results of an ongoing due diligence assessment. It is anticipated that a formal purchase and sale
agreement will be executed by all parties within approximately 10 business days.
The Timan-Pechora Project area currently consists of 24 existing production oil wells with close to one billion
barrels and 132 BCF of proven reserves. A discovery well tested 5,589 BOPD from zone at 3,958-3,974 meters. Timan-
Pechora region is 17 kilometers from Ukhta, a major town in the Republic of Komi. The oil plays are situated approximately
1,200 km from Moscow. Its surrounding areas have well established infrastructure, allowing all year access for field
operations. Power lines and a major highway pass through the territory. There is also a branch of the Transneft pipeline
between Ukhta and Moscow that passes directly over the project. Additional transportation routes include a railway system,
with the nearest terminal located close to Ukhta.
PrimeGen President Robert Charlton states, "We are very pleased to be participating in our first production scenario. An
expedited tie-in of these wells will make PrimeGen a cash flow positive Company in very short order and move us forward
towards our mandate of increased production in 2009."
Investors are urged to keep a close eye on future developments.
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_051109/
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2/16/2010 12:05 AM

Why Consider PGNE
PrimeGen Energy is is focused on building a substantial oil
 and gas portfolio in
Russia. In October 2008, PrimeGen acquired 100% of the Rodnikovskogo
Licence, a low risk, but potentially high reward area. PrimeGen is actively
exploring Russia and is constantly reviewing new opportunities for investment
in Russia and the other countries of Eastern Europe.
PrimeGen owns 100% in the Rodnikovskogo exploration license through its
100% owned Russian subsidiary “PrimeGen Seneko LLC“ (Limited Liability
Company). Saratovskoi Oblast is situated within the Russian Federation in the
Volga Federal District. The city of Engels is approximately 850 kms from
Moscow with a population of more than half a million. The city is an important
regional centre particularly within the energy industry.
The Rodnikovskogo exploration and exploitation license (valid until August
2025) covers an area of 250 sq km and is some 50-60kms to the North of the
city of Balakovo. The license is within a highly prospective region with existing
oil production on adjacent licenses and the super-giant THK-BP gas field.
Corporate Strategy
The strategy of company development involves:
the creation of a well-established oil-producing enterprise, as well as the production
 and
distribution of oil products by means of its inner potential;
the acquisition of assets in order to ensure long-term steady growth, to increase its
capitalization and to boost the revenue of its owners;
the creation of a system for monitoring and in-depth analysis with regard to the enhancement
of distribution systems. As a result, the company will work out its own distribution system for
the purpose of consolidating its stand on the oil market;
the increase of returns from the capital invested by founders of the enterprise. This goal will be
reached by means of ensuring a high level of management efficiency and the transparency of corporate structure;
the future use of innovative technologies for on-site oil refining;
Company Snapshot
About The Company
PrimeGen Energy Corp. is a is a publicly traded oil and gas exploration (Pink Sheets:
PGNE) whose primary focus is exploring and developing high potential unconventional
resource plays in Russia. The Company's strategy and assets include an extensive
multi-year oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi
Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in
Moscow, Russia. The Company's short term objectives are:
To become a medium size oil producer from the development and exploitation of th
e
Company's Rodnikovskogo oil & gas property;
To increase substantially the Company's gas reserves and production through the
development and extension of its Russian gas assets;
Farm out and drill very substantial and mature prospects identified (3D seismic) in Russia;
As the operator of the Rodnikovskogo permit lead the way to drill the highly regarded Novo- Rodnikovskoe prospect in the
Krasnoarmeiskome District.
Continue to develop and leverage the Company's operational and technical expertise by expanding the Company's asset
portfolio in Russia.
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_051109/
2 of 4
2/16/2010 12:05 AM

Current Stock Data
Recent News
PrimeGen Energy Analyzes Seismic Data to Specify Drill Target Locations -  Monday April 27, 2009
PrimeGen Energy Retains Finance Consulting Firm -  Wed, Apr 22, 2009
PrimeGen Energy Preparing for 2009 Drilling Program With Interpretation of Seismic Data on Russian Natural Gas -
Monday April 20, 2009
PrimeGen Energy Upgrading Pink Sheets Status to Current Information -  Tuesday April 7, 2009
PrimeGen Energy Finalizes Russian Oil & Gas Acquisition -  Tuesday March 31, 2009
Disclaimer
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
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_051109/
3 of 4
2/16/2010 12:05 AM

PrimeGen Energy Corporation (OTC: PGNE), WSCF has been compensated Four Million shares, by a third party,
NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Three
Million Eight Hundred and Sixty 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 companies' 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.
www.WallStreetNewsAlert.com - PGNE Trading Updatehttp://wallstreetnewsalert.com/profiles/PGNE_051109/
4 of 4
2/16/2010 12:05 AM

UNITED STATES DISTRICT COURT 
SOUTHERN DISTRICT OF FLORIDA 

Case No.:  

 

 
SECURITIES AND EXCHANGE COMMISSION, 
 

Plaintiff, 
 

- against - 
 
WALL STREET CAPITAL FUNDING LLC, 
PHILIP CARDWELL, ROY CAMPBELL, and 
AARON HUME, 
 

Defendants. 
 

 
 
 
 
 
 
 
 
 

 
COMPLAINT 

Plaintiff Securities and Exchange Commission (“Commission”), for its Complaint against 

defendants Wall Street Capital Funding LLC (“WSCF”), Philip Cardwell (“Cardwell”), Roy 

Campbell (“Campbell”), and Aaron Hume (“Hume”) (collectively “Defendants”) alleges: 

SUMMARY OF ALLEGATIONS 

1. Defendants are stock promoters – they make their living repackaging “news” 

released by penny-stock companies and distributing it along with their own, always optimistic 

commentary. 

2. Over the course of their long careers, Defendants have knowingly or recklessly 

played a critical role in numerous penny-stock scams.  For example, from April 2009 to January 

2010, Defendants created and distributed promotional material for a supposed oil-exploration-

and-development company known as PrimeGen Energy Corp. (“PrimeGen” or “PGNE”). 

PrimeGen purported to be headquartered in Bridgewater, New Jersey and to have operations in 

Russia. According to its press releases, PrimeGen supposedly brought at least twelve oil wells 

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into production in the span of nine months and generated many millions of dollars of revenues. 

PrimeGen, however, was a pure scam: its corporate headquarters were a rented mailbox in a UPS 

Store opened with a do-not-forward instruction; its phone line was unattended and never placed 

outgoing calls; and its web page was generated by copying the source code from another 

company’s web site. 

3. Similarly, from January 2009 to November 2009 Defendants created and 

distributed promotional material for Caliber Energy, Inc. (“Caliber” or “CLBN”), which 

purported to be an Atlanta-based developer of wind-energy projects in China. Again, despite a 

series of effusive announcements about its expanding business, Caliber’s headquarters were a 

rented mailbox in a UPS Store and its phone line was an unattended, outgoing-only line. 

4. Defendants’ promotional materials take the form of “investment opinions” sent to 

newswires, “spam” emails sent to as many as fifty million recipients at once, and other forms of 

electronic communication. Defendants’ materials typically express a positive opinion about the 

company being promoted, its revenues, and the future direction of its stock price. But Defendants 

have no reasonable basis for those opinions. Even when they have received ample warning signs 

that a scam is afoot, Defendants always do the same thing: they close their eyes and publish. 

5. At the same time, Defendants falsely create the appearance of an independent 

basis for their statements about the companies they promote. For PrimeGen, Caliber, and 

numerous other penny stocks, Defendants’ investment opinions and other promotional material 

falsely or at best misleadingly stated that the company being promoted “ha[s] not approved the 

statements made in this release nor approved the timing of this release,” that “all statements and 

expressions are the sole opinion of WSCF and are subject to change without notice,” and that 

“information in this release is derived from a variety of sources including . . . WSCF research.” 

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In fact, however: the companies in question commonly had approved of the statements WSCF 

made about them; WSCF had coordinated the timing of its releases with the companies; most of 

WSCF’s statements about the companies had come from the companies themselves and 

accordingly were not WSCF’s sole opinion; and WSCF had not independently researched the 

companies or otherwise created a reasonable basis for WSCF’s claims. 

6. The misinformation disseminated by Defendants concerning PrimeGen, Caliber, 

and other penny-stock issuers has misled investors or, at a minimum, created a serious risk of 

misleading investors. The purpose of WSCF’s activities was to make a promoted penny stock 

appear attractive, leading members of the public to buy the stock, and thereby to drive up the 

price. Such price increases directly benefitted WSCF, which was commonly paid in stock of the 

promoted company. On information and belief, such price increases also benefitted insiders who 

were holding shares of the promoted company that the insiders could then sell for a profit – a 

classic “pump and dump” scheme. 

SECURITIES LAWS VIOLATIONS 

7. By virtue of the foregoing conduct and as alleged further herein, the Defendants, 

directly or indirectly, singly or in concert, have engaged in acts, practices, and courses of 

business that violated Section 17(a) of the Securities Act of 1933 (“Securities Act”) [15 U.S.C. § 

77q(a)]. 

8. Defendants, directly or indirectly, singly or in concert, have engaged in acts, 

practices, and courses of business that violated Section 10(b) of the Securities Exchange Act of 

1934 (“Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.l0b-5]. 

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9. At all times relevant to the charges contained in this Complaint, Cardwell and 

Campbell were controlling persons of WSCF, and therefore are liable pursuant to Section 20(a) 

of the Exchange Act [15 U.S.C. § 78t(a)] for WSCF’s violations of the Exchange Act. 

10. Unless each of the Defendants is permanently restrained and enjoined, they will 

again engage in acts, practices, and courses of business similar to those set forth in this 

Complaint. 

JURISDICTION AND VENUE 

11. The Commission brings this action pursuant to Section 20(b) of the Securities Act 

[15 U.S.C. § 77t(b)] and Section 21(d) of the Exchange Act [15 U.S.C. § 78u(d)] seeking, among 

other things, to restrain and enjoin permanently the Defendants from engaging in the acts, 

practices, and courses of business alleged herein, and from participating in penny stock 

transactions pursuant to Section 20(g) of the Securities Act [15 U.S.C. § 77t(g)] and Section 

21(d)(6) of the Exchange Act [15 U.S.C. § 78u(d)(6)].  The Commission further seeks: (a) final 

judgments ordering the Defendants to disgorge their ill-gotten gains, with prejudgment interest; 

(b) final judgments ordering the Defendants to pay civil monetary penalties pursuant to Section 

20(d) of the Securities Act [15 U.S.C. § 77t(d)] and Section 21(d) of the Exchange Act [15 

U.S.C. § 78u(d)]; and (c) such equitable and other relief as the Court deems just, appropriate, or 

necessary for the benefit of investors. 

12. This Court has jurisdiction over this action pursuant to 28 U.S.C. § 1331, Section 

22(a) of the Securities Act [15 U.S.C. § 77v(a)], and Section 27 of the Exchange Act [15 U.S.C. 

§ 78aa]. 

13. Venue is proper in this District pursuant to 28 U.S.C. § 1391(b), Section 22(a) of 

the Securities Act [15 U.S.C. § 77v(a)], and Section 27 of the Exchange Act [15 U.S.C. § 78aa]. 

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WSCF and Campbell are residents and inhabitants of this District; all Defendants transacted 

business in this District; and a substantial part of the events or omissions giving rise to the claims 

asserted herein occurred in this District, including acts constituting violations of the Exchange 

Act and sales of securities for purposes of the claims asserted under the Securities Act. 

DEFENDANTS 

14. Wall Street Capital Funding LLC is a Florida limited liability company with its 

principal place of business in Miami, Florida. 

15. Philip Cardwell, age 47, resides in Birmingham, Alabama and Beverly Hills, 

California. Cardwell, a professional stock promoter, is a 50% owner of WSCF. 

16. Roy Campbell, age 33, resides in Miami, Florida. Campbell, a professional stock 

promoter, is a 50% owner of WSCF. 

17. Aaron Hume, age 32, resides in Milton, Georgia. Hume is a professional stock 

promoter who works as an agent of WSCF. 

FACTUAL BACKGROUND 

 WSCF’s Promotional Campaigns 

18. Defendants disseminated, and continue to disseminate, misinformation about 

penny-stock companies in three principal forms: (1) purported “investment opinions”; (2) mass 

emails; and (3) regularly updated web profiles. These materials are frequently issued under the 

brand of Wall Street News Alerts (“WSNA”), which is WSCF’s trade name and also the name of 

WSCF’s web site for investors. 

19. WSCF’s purported investment opinions resemble press releases. WSCF 

distributes them through one or more press-release distribution services. The opinions commonly 

bear a preface: “NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by 

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Wall Street Capital Funding,” and the dateline on each opinion is Weston, Florida – the location 

of WSCF’s former office. 

20. An opinion’s headline typically includes attention-grabbing, positive language – 

for example, “Wall Street News Alert issues Special Alert on PGNE,” “Stock in Focus: PGNE”, 

or “4 Stocks You Need to Know.” 

21. The first paragraph of an opinion commonly claims that the penny stock being 

promoted is, along with several major corporations, one of “Wall Street News Alert’s ‘stocks to 

watch’ this morning.”  For example, an investment opinion that WSCF issued for PrimeGen on 

or about July 9, 2009 began: “Wall Street News Alert’s ‘stocks to watch’ this morning are: 

PrimeGen Energy Corporation (OTC: PGNE), Alcoa (NYSE: AA), GE (NYSE: GE), and Exxon 

Mobil Corporation (NYSE: XOM).” The reason WSCF lists major, widely known corporations 

alongside a company like PrimeGen is to lend an impression of substance to the company being 

promoted. 

22. The investment opinions then proceed to repeat phony claims made in recent 

press releases from the penny stock company being promoted. In the case of PrimeGen, these 

claims mostly concerned supposed success in drilling for oil in Russia. In the case of Caliber, 

which was also known as Navajo Wind Energy Corp., the claims mostly concerned supposed 

progress in developing wind-energy projects in China. 

23. The investment opinions also commonly direct readers to WSCF’s web profile of 

the company being promoted – for example, “For an in-depth profile of PrimeGen Energy, visit” 

a specified web page at Wall Street News Alert, and “For more information, please visit 

www.WallStreetNewsAlert.com.” 

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24. WSCF’s investment opinions for PrimeGen, Caliber, and other penny stocks 

included a disclaimer containing the following language: 

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. 

 
25. For the sake of illustration, appendix A to this Complaint reproduces investment 

opinions that WSCF issued for PrimeGen on or about July 9, 2009, January 5, 2010, and January 

7, 2010, and for Caliber on or about February 24, 2009 and November 6, 2009. 

26. From April 2009 to January 2010, WSCF issued as many as 50 investment 

opinions about PrimeGen. From January 2009 to November 2009, WSCF issued as many as 17 

investment opinions about Caliber. 

27. WSCF’s second form of promotional material is mass emails, which are typically 

sent to email addresses on proprietary lists of WSNA subscribers maintained by WSCF and to 

email addresses on lists rented or purchased from one or more third-party vendors. The 

proprietary lists have approximately ten thousand email addresses. The size of the lists from 

third-party vendors has varied from the low millions to as many as 52 million email addresses. 

28. The mass emails had headlines such as “Revenues for PGNE to soar with newest 

42 Well project / First Oil Well ALONE projected to generate $71.7Million per year / When 

PGNE explodes will you be there to enjoy the ride?” (December 9, 2009) or “Revenues for 

PGNE to soar with newest 42 Well project / PrimeGen’s successful drilling efforts continue, 

making it an ideal opportunity / Finally a Small Cap Company worth looking at!” (December 15, 

2009).  The emails went on to repeat recent claims made by the company being promoted. The 

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emails also commonly invited readers to click on a link (e.g. “Click Here to get details you won’t 

find anywhere else”) to the company’s profile on the Wall Street News Alert web site. 

29. For the sake of illustration, appendix B to this Complaint reproduces mass emails 

that WSCF issued for PrimeGen on or about October 21, 2009, December 9, 2009, and 

December 15, 2009, and for Caliber on or about May 12, 2009 and November 3, 2009. 

30. The third form of promotional material, the web profile, is a web page maintained 

on the Wall Street News Alert web site.  In the case of PrimeGen, the profile began with a 

regularly updated “Breaking News” section that repeated PrimeGen’s own recent claims in the 

same style as the corresponding investment opinion, and often using the same words. Next came 

a series of sections: “Why Consider PGNE”, “Corporate Growth”, “Company Snapshot”, 

“Current Stock Data”, and “Recent News.” 

31. At the end of the profile was a disclaimer that included the same language found 

in the investment opinion: 

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. 
 
32. For the sake of illustration, appendix C to this Complaint contains images of 

WSCF’s web profile for PrimeGen as it looked on or about April 28, 2009 and May 12, 2009. 

33. PrimeGen and Caliber are just two examples. WSCF has existed for 

approximately ten years and in that time is believed to have disseminated misinformation 

relating to hundreds of penny stocks. Other relatively recent penny-stock fraud programs in 

which WSCF has played a role include Fidelis Energy, Inc. (“Fidelis” or “FDEI”), a purported 

developer of solar-energy projects that WSCF promoted in the first half of 2010, and Supatcha 

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Resources, Inc. (“Supatcha” or “SAEI”), a purported mineral-exploration company that WSCF 

promoted in April and May of 2010. 

34. All of WSCF’s promotional materials are intended to make the penny stocks in 

question appear attractive to investors. Cardwell, Campbell, and Hume share the goal of boosting 

the trading volume, and therefore the price, of the stocks they promote. 

Defendants’ Compensation 

35. WSCF has strong incentives to boost the price of the penny stocks it promotes. 

36. WSCF is commonly paid with shares of the penny stock being promoted. 

WSCF’s practice is to sell those shares during its promotional campaigns. Accordingly, the 

higher the price of the shares during the campaigns, the more money WSCF can make. 

37. For example, WSCF was issued five million shares of PrimeGen’s stock in 

exchange for WSCF’s agreement to promote PrimeGen. WSCF sold those shares while 

promoting PrimeGen. WSCF generally sold its shares at prices inflated by the very artificial 

demand that WSCF’s promotional activities helped to generate. WSCF was issued thirteen 

million shares of Caliber, of which it has sold approximately 7.7 million shares, again mostly or 

entirely at prices inflated by artificial demand resulting from promotional activities. 

38. WSCF pays Hume a percentage of WSCF’s own proceeds from WSCF’s 

promotional campaigns. 

39. WSCF knows that its clients are more likely to be satisfied, and to bring repeat 

business to WSCF, if WSCF’s activities boost the volume and price of the penny stock in 

question. 

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WSCF’s Preparation of Promotional Materials 

40. Cardwell and Campbell preside over WSCF.  They hire, train, supervise, manage, 

and direct WSCF’s staff. Most members of WSCF’s staff are based in Miami County, Florida. 

41. When WSCF’s staff creates promotional materials, they use templates created or 

approved by Cardwell and Campbell. 

42. Cardwell and Campbell take personal responsibility for all of the promotional 

materials disseminated by WSCF. 

43. Cardwell and Campbell automatically receive all of the mass emails sent to 

WSCF’s subscribers. 

44. Campbell sometimes reviews and edits materials before they are released and 

personally creates some of the mass emails and / or templates for the mass emails. Following are 

some examples of Campbell’s personal involvement in the creation and dissemination of WSCF 

materials: 

a. In May 2009 Campbell personally approved a template for mass emails to 

WSNA subscribers, and then used that template for mass emails that he 

personally sent (or caused to be sent) to WSNA subscribers promoting 

Caliber and / or PrimeGen. 

b. On or about June 24, 2009, Campbell personally created and distributed 

(or caused to be distributed) a mass email that promoted PrimeGen to 

WSNA subscribers using content that had been personally approved by 

Cardwell. 

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c. On or about November 6, 2009, Campbell personally created and 

distributed (or caused to be distributed) to WSNA subscribers a mass 

email promoting Caliber. 

These examples are for illustration only. Campbell personally played a direct role in the creation 

and dissemination of numerous other WSCF promotional items. 

45. Cardwell is personally in charge of the wording of WSCF’s disclaimers. 

46. Cardwell personally reviews much of WSCF’s material, including nearly all mass 

emails and web profiles, before it is released. Cardwell sometimes edits these items and at other 

times issues instructions concerning their content. 

47. To the extent specific statements in specific promotional materials are not 

reviewed by Cardwell, it is because they are produced pursuant to a protocol that Cardwell and 

Campbell developed and have trained their staff to follow. 

48. The essence of the protocol is that, in making claims about a penny-stock 

company’s business, WSCF relies exclusively on the company’s press releases, web site, and 

SEC filings (if any). 

49. In other words, WSCF does not independently investigate the claims made in its 

promotional materials, which frequently repeat the penny-stock company’s claims verbatim. 

50. On the contrary, WSCF has a general practice of asking a purported 

representative of the company being promoted to sign off on a copy of WSCF’s web profiles and 

other promotional materials before WSCF disseminates these materials in final form. 

Orchestration of WSCF’s Campaigns 

51. Before WSCF agrees to promote a company, Hume or another person at WSCF 

discusses with that company, or its apparent representative, how many press releases the 

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company intends to put out or how many press releases it has on the “back burner” for WSCF to 

use. 

52. Defendants knew ahead of time, for example, that PrimeGen and Caliber were 

going to have a great deal of “news” about their successes – in other words, that the news was 

completely canned. On February 2, 2009, an intermediary in Canada working on behalf of 

PrimeGen and Caliber (the “Intermediary”) sent Hume an email (which Hume forwarded to 

Campbell) describing the PrimeGen promotion opportunity as a “beautiful Oil & Gas deal out of 

Russia” that was “ready for” WSCF. On February 5, 2009, Campbell wrote to a mass-email 

vendor that “CLBN could be a long term deal so throw everything you got at it.” And in October 

2009, Hume wrote to a mass-email vendor, “PGNE is the one I may have news for tomorrow and 

will be running most often thru Dec.” 

53. Once WSCF is engaged, Hume typically tells the company being promoted when 

to issue its press releases. If WSCF is unavailable to promote a company on a given day, the 

company often will not release its announcement that day. For example, in a June 3, 2009 email 

that the Intermediary sent to Hume (and that Hume forwarded to Campbell), the Intermediary 

updated WSCF on the status of the PrimeGen stock that WSCF was expecting to receive as 

advance payment for its promotional services. The Intermediary then prodded WSCF: “Both 

CLBN and PGNE have excellent news ready to go out. We could get something started on 

Friday and over the weekend to build momentum for a strong day on Monday.” In other words, 

Caliber and PrimeGen were waiting for WSCF to signal its availability for promotional work 

before releasing their purported news. 

54. For many campaigns, including the campaigns for PrimeGen and Caliber, Hume’s 

role included ensuring, on behalf of Cardwell and Campbell, that the WSCF staff members 

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preparing the various promotional materials were aware of their responsibilities and ready to do 

their work as soon as a company’s news was announced. 

55. At other times, Cardwell and Campbell personally ensured that the WSCF staff 

members preparing the various promotional materials were aware of their responsibilities and 

ready to do their work once a company’s news was announced. 

56. Hume sometimes served as WSCF’s go-between with one or more mass-email 

vendors, telling a vendor, potentially among other things, what items to disseminate and when. 

Misrepresentations 

57. The underlying claims made about PrimeGen, Caliber, and other penny-stock 

companies promoted by WSCF are false or misleading. For example, PrimeGen had no drilling 

operations or revenues; indeed, it did not even have an office at the address where it claimed to 

be headquartered. The same was true of Caliber. 

58. Moreover, WSCF’s promotional materials created the false or misleading 

appearance of an independent basis for WSCF’s “opinions.” Among other things, WSCF’s 

promotional materials frequently asserted that the statements and expressions contained therein 

were the “sole opinion” of WSCF and that the companies being promoted had “not approved” 

those statements “nor approved the timing” of the promotional materials. WSCF’s assertions in 

this regard were false or misleading. 

59. WSCF’s promotional materials frequently asserted that the information in the 

materials “derived from a variety of sources including [the promoted] company’s publicly 

disseminated information, third parties and WSCF research.” This statement at various times was 

false or misleading insofar as WSCF did no “research” and consulted no “third parties.” 

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60. WSCF did not conduct a reasonable investigation to support its opinions and 

favorable assessments. 

Defendants’ Awareness of Wrongdoing 

61. Defendants knew, or were reckless in not knowing, that they were disseminating 

misinformation. 

62. Cardwell and Campbell personally created, reviewed, and / or edited much or all 

of the false or misleading promotional materials at issue here. 

63. Any false or misleading statements that Cardwell or Campbell did not personally 

create or review was created pursuant to their instructions and under their direction and control. 

64. Cardwell and Campbell (and therefore WSCF) knew that their disclaimers were 

false or misleading in that, among other circumstances: the companies being promoted typically 

had approved most of the statements made in WSCF’s materials; WSCF was not acting 

independently of the companies; WSCF had conducted no inquiry to support the claims it was 

making; and WSCF had no reasonable basis for its opinions. 

65. Defendants knew that the circumstances surrounding WSCF’s promotions were 

suspicious. 

66. Defendants knew that their clients release news not in the ordinary course as a 

natural outgrowth of business developments, but rather at a specific moment for the express 

purpose of anchoring a stock-promotion campaign. 

67. Defendants were aware that the announcements from PrimeGen, Caliber, and 

other companies – and therefore WSCF’s repackaging and repetition of those statements – 

presented a danger of misleading the public. 

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68. Campbell was personally skeptical about certain press releases provided by 

clients, including PrimeGen. Campbell, however, decided not to let his skepticism get in the way 

of doing business. 

69. Defendants also were specifically aware of complaints about the truthfulness of 

PrimeGen’s press releases. For example, on or about September 17, 2009, WSCF received an 

email that stated: 

There are serious concerns that the above Co. [i.e. PrimeGen] is acting fraudulently.  
Your support despite your warning and proviso particularly bearing in mind your 
payment for the services provided by your company in support of a possible fraudulent 
activity is tantamount to perpetrating that fraud. I am passing this information to the 
RELEVANT BODIES including the FBI. 
 
70. Similarly, on or about September 24, 2009, Hume reviewed a post on an internet 

message board complaining that “there are quite a few accusations floating around that what is 

going on with PGNE is nothing more than a scam.” The poster referred to PrimeGen’s failure to 

communicate, the unavailability of independent corroboration of any of the claims made in 

PrimeGen’s press releases, and the facial implausibility of those claims (“Your PR’s have 

become very predictable in that you always hit paydirt.”). Hume sent a link to this post to the 

Intermediary, telling the Intermediary that “things like this are posted everywhere . . . some of 

the reasons why little trading lately.” 

71. From December 2, 2009 to January 5, 2010, another individual pressed Cardwell 

and Campbell for information about PrimeGen. On December 7, 2009, this individual 

complained to Cardwell and Campbell that PrimeGen’s “Tel # is NEVER attended by any 

person. Can you please find out why? I’m trying to get in touch with any executive o[r] 

employee of PGNE for Due Diligence.” 

72. On December 9, 2009, this individual wrote: 

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Please note that many investors are concerned about the legitimacy of Primegen Energy 
corporation and reliability of the news releases about it’s drilling operations. Since you 
have been in touch with Primegen management for the press releases, please confirm that 
the recent news releases regarding their drilling results are reliable. This request is made 
to you primarily because I’m not able to contact anyone from primegen’s office in New 
Jersey address. 
 
73. Cardwell, Campbell, and Hume were aware of these inquiries. 

74. None of the inquiries that they received led Defendants to investigate 

meaningfully or to refrain from promoting PrimeGen or other penny stocks. 

75. For example, on December 9, 2009, Hume wrote to the Intermediary: “Can you 

provide me with as much info as possible on [Fidelis]? (website etc) Articles bash this company 

and they claim no one works there. Also the financials show they lose more and more money 

every year.” Notwithstanding these concerns, Defendants began promoting Fidelis in January 

2010. 

COUNT ONE 

Violations of Section 17(a) of the Securities Act 
(Against all Defendants) 

76. The Commission repeats and realleges Paragraphs 1 through 75 of this Complaint 

as if fully set forth herein. 

77. As alleged herein, WSCF, Cardwell, and Campbell  directly or indirectly, singly 

or in concert with others, in the offer and sale of securities, by the use of the means and 

instruments of transportation and communication in interstate commerce and of the mails:  (a) 

employed devices, schemes or artifices to defraud; (b) obtained money or property by means of 

untrue statements of material fact or omissions to state material facts necessary in order to make 

the statements made, in light of the circumstances under which they were made, not misleading; 

and/or (c) engaged in transactions, practices, or courses of business which operated as a fraud or 

deceit upon purchasers of securities. 

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78. As alleged herein, Hume directly or indirectly, singly or in concert with others, in 

the offer and sale of securities, by the use of the means and instruments of transportation and 

communication in interstate commerce and of the mails, obtained money or property by means 

of untrue statements of material fact or omissions to state material facts necessary in order to 

make the statements made, in light of the circumstances under which they were made, not 

misleading. 

79. By reason of the foregoing, WSCF, Cardwell, and Campbell violated, and unless 

enjoined and restrained will continue to violate, Section 17(a) of the Securities Act [15 U.S.C. § 

77q(a)]. 

80. Hume violated, and unless enjoined and restrained, will continue to violate, 

Section 17(a)(2) of the Securities Act [15 U.S.C. § 77q(a)]. 

COUNT TWO 

Violations of, and Aiding and Abetting Violations 
of, Section 10(b) of the Exchange Act and Rule 10b-5 

(Against all Defendants) 

81. The Commission repeats and realleges Paragraphs 1 through 75 of this Complaint 

as if fully set forth herein. 

82. As alleged herein, WSCF, Cardwell, and Campbell, directly or indirectly, singly 

or in concert, by the use of the means or instrumentalities of interstate commerce, of the mails, or 

of the facilities of a national securities exchange, in connection with the purchase or sale of 

securities, knowingly or recklessly: (a) employed devices, schemes and artifices to defraud; (b) 

made untrue statements of material facts and omitted to state material facts necessary in order to 

make statements made, in the light of the circumstances under which they were made, not 

misleading; and/or (c) engaged in acts, practices, or courses of business which operated as a 

fraud or deceit upon purchasers of securities and upon other persons. 

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83. By reason of the foregoing, WSCF, Cardwell, and Campbell violated, and unless 

enjoined and restrained will continue to violate, Section 10(b) of the Exchange Act [15 U.S.C. § 

78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.10b-5]. 

84. As further alleged herein, Cardwell, Campbell, and Hume knowingly provided 

substantial assistance to WSCF’s violations of Section 10(b) of the Exchange Act [15 U.S.C. § 

78j(b)] and Rule 10b-5 [17 C.F.R. 240.10b-5] thereunder. 

85. Pursuant to Section 20(e) of the Exchange Act [15 U.S.C. § 78t(e)], Cardwell, 

Campbell, and Hume therefore are liable as aiders and abettors for violations of Section 10(b) of 

the Exchange Act [15 U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.10b-5], and 

unless enjoined and restrained will continue to violate Section 10(b) of the Exchange Act [15 

U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 240.10b-5] as aiders and abettors. 

COUNT THREE 

Control Person Liability Under 
Section 20(a) of the Exchange Act 
(Against Cardwell and Campbell) 

86. The Commission repeats and realleges Paragraphs 1 through 75 and Paragraphs 

81 through 85 as if fully set forth herein. 

87. At all relevant times, Cardwell and Campbell possessed the power to direct and 

control WSCF’s management, policies, and operations and were control persons of WSCF 

pursuant to Section 20(a) of the Exchange Act [15 U.S.C. § 78t(a)]. 

88. Cardwell and Campbell were culpable participants in WSCF’s violations of the 

Exchange Act as described above. 

89. By reason of the foregoing, Cardwell and Campbell are jointly and severally 

liable as control persons with, and to the same extent as, WSCF for WSCF’s violations of 

Section 10(b) of the Exchange Act [15 U.S.C. §§ 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 18 of 51



 

 19

240.l0b-5], and unless enjoined and restrained, Cardwell and Campbell will continue to cause, or 

to fail to prevent, WSCF’s violations of these provisions. 

PRAYER FOR RELIEF 

WHEREFORE, the Commission respectfully requests that this Court enter judgment 

finding that Defendants committed the aforementioned violations and: 

I. 

Granting permanent injunctive relief, including without limitation a penny stock bar 

pursuant to Section 20(g) of the Securities Act [15 U.S.C. § 77t(g)] and Section 21(d)(6) of the 

Exchange Act [15 U.S.C. § 78u(d)(6)], to prevent Defendants from committing future violations 

of the Securities Act and the Exchange Act, and from engaging in acts, practices, and courses of 

business of similar type and object to those set forth in this Complaint. 

II. 

Ordering Defendants to disgorge their ill-gotten gains, plus prejudgment interest. 

III. 

Imposing civil monetary penalties pursuant to Section 20(d) of the Securities Act [15 

U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)]. 

IV. 

Granting such other and further relief as the Court deems just and proper, including such 

equitable relief as may be appropriate or necessary for the benefit of investors. 

 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 19 of 51



 

 20

Dated: February 7, 2011 
 
 

 SECURITIES AND EXCHANGE COMMISSION 
 
       By: s/ Todd D. Brody     

  George S. Canellos 
  Andrew M. Calamari 
  Celeste A. Chase 
  Todd D. Brody (Florida Bar Number: A5501586) 
 Daniel R. Walfish (Florida Bar Number: A5501585) 

 
 [email protected] 
 New York Regional Office 
 U.S. Securities and Exchange Commission 
 3 World Financial Center Suite 400 
  New York, New York 10281 
 Telephone: (212) 336-0080 
 Facsimile: (212) 336-1324 

 
Attorneys for Plaintiff Securities and Exchange 
Commission 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 20 of 51APPENDIX A 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 21 of 51



Highlighted Links
 

Our Home Page

SOURCE: Wall Street News Alert

Jul 09, 2009 08:38 ET

Wall Street News Alert: Stock in Focus for Thursday: PrimeGen Energy -- July 9, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - July 9, 2009) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation
(PINKSHEETS: PGNE), Alcoa (NYSE: AA), GE (NYSE: GE) and Exxon Mobil Corporation (NYSE: XOM).

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.

PrimeGen Energy Corporation (PINKSHEETS: PGNE) announced it struck oil at its Timan-Pechora Project on June 30th and now the production results for the
Kochmesskoye well at Timan-Pechora, Russia are in.

Yesterday after the markets closed, the company issued a press release announcing that the well commenced commercial oil production on June 17, 2009, and the
Company has received production results for the first 21 days. According to the release, total oil produced and sold was 25,200 barrels with an average daily
production rate of 1,200 barrels per day.

The swab test analysis of the well during the completion phase indicated that the production rate should exceed the original estimate of 1,400 barrels per day. The
I.P.R.s (Initial Production Rates) are being evaluated and production has, over many days in the month, exceeded a rate of 1,300 barrels per day. The
Kochmesskoye well is the first of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009 development program calls for the drilling of a minimum of
30 wells to develop the field. When fully developed, the 30 wells should give a daily production rate at Timan-Pechora of 35,000 barrels per day.

The press release goes on to state that using current pricing for Timan-Pechora crude oil, PrimeGen has now projected that the well has generated $1.6 million in
revenue or $19.2 million per year and will payout its entire cost in 3 months. Currently, oil at Timan-Pechora has been priced at over $65.00 per barrel.

According to the release, the Timan-Pechora Project area currently consists of 24 existing production oil wells with close to one billion barrels and 132 BCF of proven
reserves. A discovery well tested 5,589 BOPD from zone at 3,958-3,974 meters. Timan-Pechora region is 17 kilometers from Ukhta, a major town in the Republic of
Komi. The oil plays are situated approximately 1,200 km from Moscow. Its surrounding areas have well-established infrastructure, allowing all year access for field
operations. Power lines and a major highway pass through the territory. There is also a branch of the Transneft pipeline between Ukhta and Moscow that passes
directly over the project. Additional transportation routes include a railway system, with the nearest terminal located close to Ukhta.

The stock closed yesterday at around Four cents a share.

For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_070709.

Alcoa (NYSE: AA) up 0.5% on 73.3 million shares traded.

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing
participation in all major aspects of the industry.

GE (NYSE: GE) down 2.7% on 139.6 million shares traded.

General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

Exxon Mobil Corporation (NYSE: XOM) down 0.4% on 30 million shares traded.

Exxon Mobil Corporation is one of the leading international energy companies whose subsidiaries have operations in most of the world's countries.

Market Commentary:

Oil prices continue to tumble as benchmark crude for August delivery fell more than 4 percent, or $2.79, to settle at $60.14 a barrel on the New York Mercantile
Exchange. Retail gas prices have fallen every day for more than two weeks, and gasoline futures fell more than 9 cents a gallon.

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 [email protected].

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 (PINKSHEETS: PGNE), WSCF has been compensated Four
Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Two Million, One
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 client's 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

Wall Street News Alert: Stock in Focus for Thursday: PrimeGen Energy -- July 9, 2009

1 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 22 of 51



Company: Wall Street News Alert
Contact email: Email Contact
URL: http://www.wallstreetnewsalert.com

Privacy Statement | Terms of Service | Sitemap |© 2011 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US)  |  1-888-299-0338 (Canada)  |  +44-20-7562-6550 (UK)

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.

Back

Wall Street News Alert: Stock in Focus for Thursday: PrimeGen Energy -- July 9, 2009

2 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 23 of 51



Highlighted Links
 

Our Home Page

SOURCE: Wall Street News Alert

Jan 05, 2010 09:38 ET

Breaking News: PrimeGen Energy Sets Oil Production Record of 1,745 BPD -- January 5, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - January 5, 2010) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy
Corporation (PINKSHEETS: PGNE), GE (NYSE: GE), Apple Inc. (NASDAQ: AAPL) and The Goldman Sachs Group, Inc. (NYSE: GS).

Yesterday after the markets closed, PrimeGen Energy Corporation (PINKSHEETS: PGNE) released new production figures as of
December 31, 2009 resulting from the recent completion of production of ten wells in the Timan-Pechora field and one well in
Rodnikovskogo project. The Company achieved total average daily production of 16,550 bpd during the month and reached a
production high of 17,340 bpd on December 28, 2009.

On November 10, 2009 the Company commenced commercial oil production of Kochmesskoye #8 well with production results for the first 15 days at an average
daily rate of 1,590 barrels per day. On November 26, 2009, Kochmesskoye #9 commenced production with results for the first 24 days at an average daily rate of
1,620 barrels per day. On December 17, 2009, Kochmesskoye #10, the tenth well of the project was drilled and completed and resulted in setting a new production
record for the field of 1,745 barrels per day. PrimeGen currently has ten wells in the Timan-Pechora field producing at full capacity for a total of 13,937 barrels per
day and one well in its Rodnikovskogo project producing 2,620 barrels per day.

The Timan-Pechora project 2010 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 Rodnikovskogo project 2010 development program calls for the drilling of a minimum
of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000 barrels per day. It is estimates
that these two projects could yield the Company a daily production rate of over 150,000 barrels per day. Using current pricing for crude oil in the region, PrimeGen
has confirmed that all producing wells have generated $97.1 million in revenue or a projected $420 million per year.

In addition, PrimeGen's Board of Directors formed a Committee to implement its plan to list its stock on the Over the Counter Bulletin Board (OTCBB). Robert
Charlton, PrimeGen's CEO, is leading the OTCBB listing effort. PrimeGen's OTCBB goals are to apply by March 31, 2010. PrimeGen's listing on the OTCBB is subject
to its listing requirements and standards. These include but aren't limited to share price and shareholder equity. There is no guarantee PrimeGen will qualify for or
be accepted by the OTCBB for listing on its exchange.

Robert Charlton, CEO of PrimeGen, said, "We are a fully reporting Pink Sheets public company and have made a major effort to ensure we file our financial reports
on time. We have been planning to list our shares on the OTCBB and expect our OTCBB application will be filed within 90 days.

The stock closed yesterday at around Nine cents a share.

For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_010410.

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

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

GE (NYSE: GE) up 2.1% on 67 million shares traded.

General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

Apple Inc. (NASDAQ: AAPL) up 1.5% on 17.5 million shares traded.

Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

The Goldman Sachs Group, Inc. (NYSE: GS) up 2.5% on 9.1 million shares traded.

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a
substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Market Commentary:

The Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index read 55.9 in December after 53.6 in November. A
reading above 50 indicates growth.

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 [email protected].

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 (PINKSHEETS: 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 has sold all of those shares. 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 client's 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

Breaking News: PrimeGen Energy Sets Oil Production Record of 1,745 BPD -- January 5, 2010

1 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 24 of 51



Contact email: Email Contact
URL: http://www.wallstreetnewsalert.com
Company: Wall Street News Alert

Privacy Statement | Terms of Service | Sitemap |© 2011 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US)  |  1-888-299-0338 (Canada)  |  +44-20-7562-6550 (UK)

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.

Back

Breaking News: PrimeGen Energy Sets Oil Production Record of 1,745 BPD -- January 5, 2010

2 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 25 of 51



Highlighted Links
 

Our Home Page

SOURCE: Wall Street News Alert

Jan 07, 2010 09:38 ET

Thursday's Market Watch: PrimeGen Energy Corporation -- January 7, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - January 7, 2010) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy
Corporation (PINKSHEETS: PGNE), Alcoa, Inc. (NYSE: AA), Schlumberger Limited (NYSE: SLB) and Stillwater Mining Company (NYSE:
SWC).

Yesterday after the markets closed, PrimeGen Energy Corporation (PINKSHEETS: PGNE) issued a press release announcing the initial
production for the Rod 10-22, the second well at the Company's Rodnikovskogo, Russia, property. The well commenced commercial oil
production on December 16, 2009, and the Company has received production results for the first 21 days. Total oil produced and sold was 60,480 barrels with an
average daily production rate of 2,880 barrels per day.

The press release states that using current pricing for Rodnikovskogo crude oil, PrimeGen has confirmed that the new well alone has generated $4.3 million in
revenue, or a projected $75.5 million per year. Currently, oil at Rodnikovskogo has been priced at over $72.00 per barrel.

The Rod 10-22 well is the second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in Russia by PrimeGen. The 2010 development
program calls for the drilling of a minimum of 42 wells to develop the field. When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo
of 110,000 barrels per day.

This week the company also released new production figures as of December 31, 2009 resulting from the recent completion of production of ten wells in the Timan-
Pechora field and one well in Rodnikovskogo project. The Company achieved total average daily production of 16,550 bpd during the month and reached a
production high of 17,340 bpd on December 28, 2009.

On November 10, 2009 the Company commenced commercial oil production of Kochmesskoye #8 well, with production results for the first 15 days at an average
daily rate of 1,590 barrels per day. On November 26, 2009, Kochmesskoye #9 commenced production with results for the first 24 days at an average daily rate of
1,620 barrels per day. On December 17, 2009, Kochmesskoye #10, the tenth well of the project, was drilled and completed and resulted in setting a new
production record for the field of 1,745 barrels per day. PrimeGen currently has ten wells in the Timan-Pechora field producing at full capacity for a total of 13,937
barrels per day and one well in its Rodnikovskogo project producing 2,620 barrels per day.

Furthermore, Monday's press release also stated that in addition, PrimeGen's Board of Directors formed a Committee to implement its plan to list its stock on the
Over the Counter Bulletin Board (OTCBB). Robert Charlton, PrimeGen's CEO, is leading the OTCBB listing effort. PrimeGen's OTCBB goals are to apply by March 31,
2010. PrimeGen's listing on the OTCBB is subject to its listing requirements and standards. These include but aren't limited to share price and shareholder equity.
There is no guarantee PrimeGen will qualify for or be accepted by the OTCBB for listing on its exchange.

The stock closed yesterday at around Ten cents a share.

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

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

Alcoa, Inc. (NYSE: AA) up 5.2% on 46.7 million shares traded.

Alcoa, Inc. is one of the world leaders in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and
growing participation in all major aspects of the industry.

Schlumberger Limited (NYSE: SLB) up 2.2% on 9.9 million shares traded.

Schlumberger is the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas
industry worldwide.

Stillwater Mining Company (NYSE: SWC) up 16.5% on 4.9 million shares traded.

Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa
and the Russian Federation.

Market Commentary:

The Institute for Supply Management said its services index rose to 50.1 in December from 48.7 in November. A reading above 50 signals growth.

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 [email protected].

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 (PINKSHEETS: 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 has sold all of those shares. 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 client's 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

Thursday's Market Watch: PrimeGen Energy Corporation -- January 7, 2010

1 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 26 of 51



Contact:
Company: Wall Street News Alert
Contact email: Email Contact
URL: http://www.wallstreetnewsalert.com

Privacy Statement | Terms of Service | Sitemap |© 2011 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
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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
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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
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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-
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Thursday's Market Watch: PrimeGen Energy Corporation -- January 7, 2010

2 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 27 of 51



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SOURCE: Wall Street News Alert

Feb 24, 2009 09:33 ET

Wall Street News Alert: Breaking News Alert: CLBN -- February 24, 2009

WESTON, FL--(Marketwire - February 24, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy
Corp. (PINKSHEETS: CLBN), American International Group, Inc. (NYSE: AIG), Garmin Ltd. (NASDAQ: GRMN) and Fifth Third Bank
(NASDAQ: FITB).

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"

Having announced it has secured a new 200 MW wind site located in Xinjiang, China, Navajo Wind Energy Corp. (formerly Caliber
Energy Inc) (PINKSHEETS: CLBN) should have the attention of investors looking to possibly benefit from this clean energy industry. Yesterday after the markets
closed, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that that it has signed
an agreement with Australian industrial technology company, Vector Industrial Designs ("VID"), to participate in the research, development and optimization of
various proprietary wind turbine technology designs.

Good news for the company as the press release states that over the next three years, Navajo has agreed to contribute further engineering expertise to VID and
allow the implementation of their new turbine technologies at the Company's wind farm sites. Under the terms of the agreement, Navajo will receive the future
production benefits of VID supplied turbine equipment operating within the framework of future wind farm facilities. In addition, the Company will have the option
to modify or replace its wind turbine equipment to the VID design specifications at cost.

Navajo CEO Barry Doyle commented, "This synergistic alliance with Vector Industrial could be extremely beneficial to Navajo for years to come. We expect to
progressively become a lower cost producer of wind generated power using the most advanced technologies, which will also facilitate our growth by broadening the
scope of projects that are economically viable in the future."

The company also reported last week it has secured a new 200 MW wind site located in Xinjiang, China. According to the release, the Xinjiang Project is the second
announcement of many new acquisitions that Navajo Wind Energy is currently developing as part of the previously announced "China Initiative." This site is
situated on 6,200 acres and is in an area with proven, high-energy wind speeds. Previous testing indicates a mean average annual wind speed in excess of 11
meters per second or over 25 miles per hour, capable of generating net operating capacity factors in excess of 50 percent.

Barry Doyle, CEO states, "There was tremendous competition from the largest players in the investment banking and energy industries to acquire this exact piece of
property. Navajo Wind's access to proprietary information dating back to the 1990s allowed the Company to seize this opportunity several weeks before our
competition. We are extremely proud of this accomplishment."

Navajo Wind Energy is currently conducting environmental studies to complete the permitting process.

The stock closed yesterday at around a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://www.wallstreetnewsalert.com/HotStocks/CLBN022309/default.aspx.

American International Group, Inc. (NYSE: AIG) down 1.8% on 77.8 million shares traded. American International Group, Inc. is one of the world leaders in
insurance and financial services.

Garmin Ltd. (NASDAQ: GRMN) up 7.3% on 6.4 million shares traded. Garmin is the global leader in satellite navigation, and has sold more than 43 million devices.

Fifth Third Bank (NASDAQ: FITB) up 20.3% on 56.6 million shares traded. Fifth Third Bancorp is a diversified financial services company headquartered in
Cincinnati, Ohio.

Market Commentary:

Is was a hard day for markets yesterday, as the Dow Jones industrial average fell to an 11-year low on Monday as uncertainty about the latest potential U.S.
government action to shore up struggling banks and bad news from tech stocks.

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
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select the "join now" button.

*** 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 Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (OTC: CLBN), WSCF has been
compensated Four Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds
Three Million, Three Hundred and Fifty 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 client's 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

Wall Street News Alert: Breaking News Alert: CLBN -- February 24, 2009

1 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 28 of 51



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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.

Back

Wall Street News Alert: Breaking News Alert: CLBN -- February 24, 2009

2 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 29 of 51



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Contact:

SOURCE: Wall Street News Alert

Nov 06, 2009 08:38 ET

Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - November 6, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy
Corp. (PINKSHEETS: CLBN), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Teck Resources Limited (NYSE: TCK) and Baker
Hughes Inc. (NYSE: BHI).

Yesterday after the markets closed, Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN) issued a press
release announcing that it has taken delivery of 10 of the 53 wind turbines per the manufacturing supply agreement with China Lao
Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its 120.80 MW wind farm project in Liaoning Province, China. Navajo Wind Energy is a renewable
energy company focused on creating electricity from the power of wind.

The Agreement includes provisions for supplying the China Lao Gaixian Project with 53 complete wind turbines, as well as testing and commissioning services. The
Agreement also provides for operations and maintenance services to be provided to China Lao Gaixian Wind L.P. over a two-year period. This agreement is
anticipated to result in approximately US$65 million in revenue over its duration.

The stock closed yesterday at a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110509.

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

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

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 2.3% on 15.3 million shares traded.

FCX is a leading international mining company with headquarters in Phoenix, Arizona.

Teck Resources Limited (NYSE: TCK) up 4.7% on 8.1 million shares traded.

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal,
zinc, gold and energy.

Baker Hughes Inc (NYSE: BHI) up 3% on 5.7 million shares traded.

Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

Market Commentary:

Oil is down as U.S. crude for December lost 78 cents to settle at $79.62. London Brent crude fell 90 cents to settle at $77.99.

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 [email protected].

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 Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN), WSCF has
been compensated a total of Thirteen Million shares (Seven Million Shares for current services and Six 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 Five Million, 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 client's 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.

Back

Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009

1 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 30 of 51



Company: Wall Street News Alert
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Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009

2 of 2

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 31 of 51



 

 

 

 

 

 

 

 

APPENDIX B 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 32 of 51



3/2/10 12:46 PMPGNE1020.html

Page 1 of 2file:///Users/philipcardwell/Documents/SEC%20material%20for%20Feb%202010%20wscf%20suboena/PGNE/PGNE1020.html

Investor Alert is being issued for OTC: PGNE on Wednesday 10/21/2009

Oil prices are raging, hitting a one-year intraday 
high of $80.05 a barrel early Tuesday and suddenly 

thrusting PGNE into the spotlight again... 
perhaps into the sights of day-traders.

PrimeGen Energy (OTC: PGNE), a U.S. based publicly trading company, 
releases breaking news Oil Well #6 is now averaging over 1,300 barrels a day

Priced at only $0.08 per share - PrimeGen receives our
Special Profit Alert that could have a big run back 

to the $0.30 level it is was at a few months back
  

   

 
PrimeGen Energy is headquarted
in Bridgewater, NJ with offices in
Moscow, Russia  

   

 

Current Projects:
- Timan-Pechora's Project
- Project area with 30 Oil Well potential
- Timan-Pechora Area projected reserves
  of 1 Billion Barrels
- Initial production Kocmesskoye well #1
  1,200 Barrels per day with projected
  revenue $19.2Mil Dollars for 1st well
- Initial production Kocmesskoye well #2
  920 Barrels for 1st 9 Days or 920
  Barrels per day.
- Well #3 reaches producing 1,140 Barrels
  per day
` Fourth Well producing 1,670 Barrels per day
- Well #5 hits production of 1,230 Barrels per
  day with a projected $995K Dollar revenue

 

   

Headline News Released for PrimeGen Energy

Quote   |   News   |   Profile

Breaking News: PrimeGen - Initial Production at
Timan-Pechora Kochmesskoye No. 6 Well
Averages 1,380 Barrels Per Day 

Tuesday 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

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3/2/10 12:46 PMPGNE1020.html

Page 2 of 2file:///Users/philipcardwell/Documents/SEC%20material%20for%20Feb%202010%20wscf%20suboena/PGNE/PGNE1020.html

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.

Read the Full Press Release Here

  Important Recent Drilling Effort Results:

 

~The Company has received production results
for the first 21 days. Total oil  produced and
sold was 25,200 barrels with an average daily
production rate of 1,200 barrels per day.

~The 2009 development program calls for the
drilling of a minimum of 30 wells to develop the
field. When fully developed, the 30 wells
should give a daily production rate at Timan-
Pechora of 35,000 barrels per day.

~Using current pricing for Timan-Pechora
crude oil, PrimeGen has now projected that the
well has generated $1.6 million in revenue or
$19.2 million per year and will payout its entire
cost in 3 months.

~The Timan-Pechora Project area currently
consists of 24 existing production oil  wells 
with close to one billion barrels proven
reserves

 

 

 
All rights reserved.  This is a paid advertisement by WallStreetCapitalFunding (WSCF) strictly for introduction and marketing purposes
only and is not a solicitation or recommendation to buy, sell  or hold securities in the company. 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.  For current services performed for PrimeGen Energy Corporation (OTC: PGNE), WSCF has been
compensated Five Million shares, by a third party,  NorthStar Capital Corporation, who is non-affiliated and may hold a significant
position in the stock. WSCF holds Nine HundredThousand of those shares as of this release, and intends to immediately continue
selling its shares as this release is being circulatedTo read a full marketing compensation disclosure click HERE.

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 34 of 51



 Trading Symbol: (OTC: PGNE)  Wednesday December 9, 2009 

Revenues for PGNE to soar with newest 42 Well project
First Oil Well ALONE projected to generate $71.7Million per year

When PGNE explodes will you be there to enjoy the ride?

PrimeGen Energy announces successful drilling efforts for 2nd Oil Well in
Rodnikovskogo Project and is estimated to reach a target depth by Monday

The company issued a press release Tuesday after the markets closed stating it successfully
commenced drilling the "Rod 10-22" oil well in the Rodnikovskogo oil field project which is the
second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in Russia
by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 42 wells
to develop the field. When fully developed, the 42 wells could yield a daily production rate at
Rodnikovskogo of 110,000 barrels per day. PrimeGen has confirmed that the Rod 10-21 well
alone has generated $2.7 million in revenue or a projected $71.7 million per year.  Currently,
oil in Rodnikovskogo has been priced at over $75.00 per barrel.

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 35 of 51



Get More Details Here

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 36 of 51

http://www.wallstreetnewsalert.com/profiles.php
http://www.wallstreetnewsalert.com/profiles.php


 Trading Symbol: (OTC: PGNE)  Tuesday December 15, 2009 

Revenues for PGNE to soar with newest 42 Well project
PrimeGen's successful drilling efforts continue, making it an ideal opportunity

Finally a Small Cap Company worth looking at!

PrimeGen Energy announces successful drilling efforts for 2nd Oil Well in
Rodnikovskogo Project as target depth is reached

PrimeGen Energy (OTC:PGNE) is pleased to announce it has successfully reach total target depth
on December 13, 2009 for the "Rod 10-22" oil well in the Rodnikovskogo oil field project which is
the second of a multi-well program drilled at Krasnoarmeiskome District, Saratovskoi Oblast in
Russia by PrimeGen.  Productive oil flow rates are anticipated by December 21, 2009.  The
2009/2010 development program calls for the drilling of a minimum of 42 wells to develop the field.
When fully developed, the 42 wells could yield a daily production rate at Rodnikovskogo of 110,000
barrels per day. PrimeGen has confirmed that the Rod 10-21 well alone has generated $2.7 million
in revenue or a projected $71.7 million per year.  Currently, oil in Rodnikovskogo has been priced
at over $75.00 per barrel.

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 37 of 51



Get More Details Here

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 38 of 51

http://www.wallstreetnewsalert.com/profiles.php
http://www.wallstreetnewsalert.com/profiles.php


 

Tuesday May 12, 2009
Continued Coverage for Navajo Wind Energy(OTC: CLBN)

The Alternative Energy Company You're Urged To Watch Today

 View Informative Company Profile Here  
 

  

CLBN finds itself in a "Win-Wind" situation as
China triples its goal for wind power generation

capacity by the year 2020

Research OTC: CLBN Now

  

 

 Breaking News: Navajo Wind Announces Final Approval for Xinjiang Wind Farm
PPA from Local Government  

With breaking news just released, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (OTC: CLBN) should have
investors watching closely. Monday after the market closed, the company, a renewable energy company focused on creating
electricity from the power of wind, issued a press release announcing that it has received a letter of final approval from the
local regional Mayor for the Xinjiang Power Purchase Agreement (PPA).

As per China's Renewable Energy Law, the Power Purchase Agreement with the local utility is mandated by the central
Government of China. Through this legislation, the State officially encourages the construction of renewable energy power
facilities. China's electricity grid is obligated to purchase all the electricity generated by approved renewable energy facilities
located in its service area. The grid's buying price for renewables is set by the National Development and Reform Commission
(NDRC), a regulatory department of the State Council. The company awaits final pricing and terms from the NDRC.

Navajo is extremely pleased with this development and is assured that the Company will have this long awaited news from the
Province before September, along with wind farm construction permit.

"We would like to thank everyone involved in this project for all of their hard work in attaining this tremendous accomplishment,"
says Barry Doyle, President of Navajo Wind Energy Corp. The details of the PPA will be formally announced within the next few
weeks with terms, conditions and pricing.

In addition, the Company looks forward to finalizing the current information with the Pink Sheets OTC disclosure and news
service.

 
New to Navajo Wind Energy or missed our recent coverage for this Emerging Company?

View Corporate Profile Here

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 39 of 51

http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_051109
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_051109


Watch For Our Continued Coverage & Be Sure To Research CLBN Today
 
 

 

Disclaimer:  View Complete Disclaimer

 

 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 40 of 51

http:/http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_051109OTC: CLBN is back!  Months ago when they put out news 
the price per share went from $0.005 to a high of $0.05

 Tuesday November 3, 2009  

Profile   |   Quote   |   News

Today's Hot Investor Alert
Navajo Wind Energy, Inc. (OTC: CLBN) --- Price: $0.011

 
Breaking News: Navajo Announces Closing of Third Tranche of $50 Million Financing
 
Monday after the markets closed, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (OTC:
CLBN) issued a press release announcing the completion of the third tranche of its previously
announced $50 million financing. Navajo Wind Energy is a renewable energy company focused on
creating electricity from the power of wind. 
 
Navajo will receive gross proceeds of $15 million for the issuance of a promissory note, which is
subject to a hold period of two years plus one day from the date of issuance in accordance with the
agreement. The funding is expected to be received on November 16, 2009, with the net proceeds of
the third tranche being approximately $13.8 million after deducting the placement agents' fees and
estimated offering expenses. 
 
Navajo will allocate $13.5 Million of the net proceeds to fund the previously announced
acquisition of 200 MW Xinjiang Wind Farm Project ("Xinjiang"), see press release of February
25, 2009. The remaining funds will be used as working capital for the Company. To date the
Company has received $18.4 million of which $18 million have been used to fund the 200 MW
Xinjiang Wind Farm Project.
 

Read Full Press Release Here
 

5 Reasons You Should Consider CLBN Now!

1) The company has just inked a wind turbine manufacturing supply agreement with an estimated value of
US$65 Million.

2) China has the world's fastest-growing wind-energy market and is expected to become the biggest
manufacturer of wind energy equipment by the end of 2009, according to a new report.

3) Within 12 years wind power could supply 12% of the world's energy needs, preventing 10 billion  tones of
CO2 emissions in the process. By 2050, this could rise to 30% of the world's electricity.

4) Navajo Wind Energy, Inc. is focused on the development of more than 500 megawatts of clean wind energy to
drive its future revenues and growth

5) Wind Energy, a clean and renewable source of electric power, is also the world's fastest growing energy
source!

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 41 of 51

http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110209
http://finance.yahoo.com/q?s=CLBN.PK
http://finance.yahoo.com/q/h?s=CLBN.PK
http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110209
http://wallstreetnewsalert.com/fullstory.php?id=1695


  Disclaimer
Wall Street News Alert (WSNA) and its' Wall Street Enews (WSEN) brand maintains a contractual, working relationship with Wall Street Capital Funding LLC
(WSCF) (The Companies). None of The Companies are registered broker/dealers and may not sell, offer to sell  or offer to buy any security. The Companies
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. 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 Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (OTC: CLBN), WSCF has been compensated a total of
Thirteen Million shares (Seven Million Shares for current services and Six 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 Six Million of those shares as of this release, and intends to
immediately continue selling its shares as this release is being circulated.. VIEW COMPLETE DISCLAIMER.

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 42 of 51

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APPENDIX C 

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 43 of 51



Quote | Web Site | News | Chart Tuesday April 28, 2009

PrimeGen Energy provides an excellent opportunity to acquire low priced assets in the very prolific

Volga Basin; its licenses have significant further upside potential with a large surface to explore within

well-defined prospects. The estimated cost of the project is approximately $200 million.
SOURCE: PrimeGen Energy

Tuesday, March 31, 2009

"PrimeGen Energy Finalizes Russian Oil & Gas Acquisition"

BREAKING NEWS

PrimeGen Energy Analyzes Seismic Data to Specify Drill Target Locations

As the company continues to move forward, PrimeGen Energy Corporation (OTC: PGNE) should have investors watching

closely. Yesterday after the markets closed, the company issued a press release announcing that it has recently completed

further analysis of the previously mentioned 2D and 3D seismic data to refine the specifics during the drill target location

process with respect to the Company's natural gas exploration and development project in Russia.

The Company's current project area of focus is located in the Krasnoarmeiskome District, Saratovskoi Oblast in Russia, in

a prolific gas-producing area. PrimeGen has acquired a 100% interest in the oil & gas properties from Russian corporation

Seneko Holdings Ltd. The project area has all the characteristics that match PrimeGen's operating asset strategy of

high-value and reasonable risk that, if commercially viable, will allow PrimeGen to become a gas producer in 2009 with

long-term cash flows that provide a strong platform for growth.

According to the release, the project has the potential to contain over 30 BCF gas. PrimeGen has very high expectations

for the project and has a 100% interest in the area lands, but is subject to a 5% overriding royalty on future production. The

property area has significant engineering completed on it which includes 2D and 3D seismic across multiple target locations

including several rock formations with gas shows. It is these specific locations that are being scrutinized in the selection

procedures as potential well locations for the 2009 drilling program. The targeted locations are in close proximity to

producing gas wells, pipelines and operating infrastructure.

PrimeGen believes there is a high probability of success for the completion of commercially viable gas wells on the project

lands. Analog production from nearby wells in the area is currently 2,000 to 3,000 Mcf per day and the data profile of the

Company's current targets indicate that a similar level of success is a reasonable expectation.

Investors are urged to keep a close eye on future developments.

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_042709/

1 of 4 2/16/2010 12:04 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 44 of 51



Why Consider PGNE

PrimeGen Energy is is focused on building a substantial oil and gas portfolio in

Russia. In October 2008, PrimeGen acquired 100% of the Rodnikovskogo

Licence, a low risk, but potentially high reward area. PrimeGen is actively

exploring Russia and is constantly reviewing new opportunities for investment

in Russia and the other countries of Eastern Europe.

PrimeGen owns 100% in the Rodnikovskogo exploration license through its

100% owned Russian subsidiary “PrimeGen Seneko LLC“ (Limited Liability

Company). Saratovskoi Oblast is situated within the Russian Federation in the

Volga Federal District. The city of Engels is approximately 850 kms from

Moscow with a population of more than half a million. The city is an important

regional centre particularly within the energy industry.

The Rodnikovskogo exploration and exploitation license (valid until August

2025) covers an area of 250 sq km and is some 50-60kms to the North of the

city of Balakovo. The license is within a highly prospective region with existing

oil production on adjacent licenses and the super-giant THK-BP gas field.

Corporate Strategy

The strategy of company development involves:

the creation of a well-established oil-producing enterprise, as well as the production and

distribution of oil products by means of its inner potential;

the acquisition of assets in order to ensure long-term steady growth, to increase its

capitalization and to boost the revenue of its owners;

the creation of a system for monitoring and in-depth analysis with regard to the enhancement

of distribution systems. As a result, the company will work out its own distribution system for

the purpose of consolidating its stand on the oil market;

the increase of returns from the capital invested by founders of the enterprise. This goal will be

reached by means of ensuring a high level of management efficiency and the transparency of corporate structure;

the future use of innovative technologies for on-site oil refining;

Company Snapshot

About The Company

PrimeGen Energy Corp. is a is a publicly traded oil and gas exploration (Pink Sheets:

PGNE) whose primary focus is exploring and developing high potential unconventional

resource plays in Russia. The Company's strategy and assets include an extensive

multi-year oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi

Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in

Moscow, Russia. The Company's short term objectives are:

To become a medium size oil producer from the development and exploitation of the

Company's Rodnikovskogo oil & gas property;

To increase substantially the Company's gas reserves and production through the

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_042709/

2 of 4 2/16/2010 12:04 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 45 of 51



development and extension of its Russian gas assets;

Farm out and drill very substantial and mature prospects identified (3D seismic) in Russia;

As the operator of the Rodnikovskogo permit lead the way to drill the highly regarded Novo- Rodnikovskoe prospect in the

Krasnoarmeiskome District.

Continue to develop and leverage the Company's operational and technical expertise by expanding the Company's asset

portfolio in Russia.

Current Stock Data

Recent News

PrimeGen Energy Retains Finance Consulting Firm -  Wed, Apr 22, 2009

PrimeGen Energy Preparing for 2009 Drilling Program With Interpretation of Seismic Data on Russian Natural Gas - 
Monday April 20, 2009

PrimeGen Energy Upgrading Pink Sheets Status to Current Information -  Tuesday April 7, 2009

PrimeGen Energy Finalizes Russian Oil & Gas Acquisition -  Tuesday March 31, 2009

Disclaimer

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

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_042709/

3 of 4 2/16/2010 12:04 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 46 of 51



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 Four Million shares, by a third party,

NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Three

Million Eight Hundred and Sixty 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 companies' 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.

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_042709/

4 of 4 2/16/2010 12:04 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 47 of 51



Quote | Web Site | News | Chart Tuesday May 12, 2009

PrimeGen Energy provides an excellent opportunity to acquire low priced assets in the very prolific

Volga Basin; its licenses have significant further upside potential with a large surface to explore within

well-defined prospects. The estimated cost of the project is approximately $200 million.
SOURCE: PrimeGen Energy

BREAKING NEWS

PrimeGen Energy Signs MOU to Acquire Timan-Pechora Oil Production

With important news just released, PrimeGen Energy Corporation (OTC: PGNE) should have investors watching

closely. Yesterday at the close, the company issued a press release announcing that it has entered into an agreement with

Moscow-based resource management corporation Kozik Energy Ltd. whereby PrimeGen has secured a first right of

refusal to purchase 40% of Kozik ' working interest in a large, oil production play located in Timan-Pechora Basin,

Russia.

Kozik has signed a Memorandum of Understanding ("MOU") with the vendor thereby securing PrimeGen's interest in the

play subject to the results of an ongoing due diligence assessment. It is anticipated that a formal purchase and sale

agreement will be executed by all parties within approximately 10 business days.

The Timan-Pechora Project area currently consists of 24 existing production oil wells with close to one billion

barrels and 132 BCF of proven reserves. A discovery well tested 5,589 BOPD from zone at 3,958-3,974 meters. Timan-

Pechora region is 17 kilometers from Ukhta, a major town in the Republic of Komi. The oil plays are situated approximately

1,200 km from Moscow. Its surrounding areas have well established infrastructure, allowing all year access for field

operations. Power lines and a major highway pass through the territory. There is also a branch of the Transneft pipeline

between Ukhta and Moscow that passes directly over the project. Additional transportation routes include a railway system,

with the nearest terminal located close to Ukhta.

PrimeGen President Robert Charlton states, "We are very pleased to be participating in our first production scenario. An

expedited tie-in of these wells will make PrimeGen a cash flow positive Company in very short order and move us forward

towards our mandate of increased production in 2009."

Investors are urged to keep a close eye on future developments.

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_051109/

1 of 4 2/16/2010 12:05 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 48 of 51



Why Consider PGNE

PrimeGen Energy is is focused on building a substantial oil and gas portfolio in

Russia. In October 2008, PrimeGen acquired 100% of the Rodnikovskogo

Licence, a low risk, but potentially high reward area. PrimeGen is actively

exploring Russia and is constantly reviewing new opportunities for investment

in Russia and the other countries of Eastern Europe.

PrimeGen owns 100% in the Rodnikovskogo exploration license through its

100% owned Russian subsidiary “PrimeGen Seneko LLC“ (Limited Liability

Company). Saratovskoi Oblast is situated within the Russian Federation in the

Volga Federal District. The city of Engels is approximately 850 kms from

Moscow with a population of more than half a million. The city is an important

regional centre particularly within the energy industry.

The Rodnikovskogo exploration and exploitation license (valid until August

2025) covers an area of 250 sq km and is some 50-60kms to the North of the

city of Balakovo. The license is within a highly prospective region with existing

oil production on adjacent licenses and the super-giant THK-BP gas field.

Corporate Strategy

The strategy of company development involves:

the creation of a well-established oil-producing enterprise, as well as the production and

distribution of oil products by means of its inner potential;

the acquisition of assets in order to ensure long-term steady growth, to increase its

capitalization and to boost the revenue of its owners;

the creation of a system for monitoring and in-depth analysis with regard to the enhancement

of distribution systems. As a result, the company will work out its own distribution system for

the purpose of consolidating its stand on the oil market;

the increase of returns from the capital invested by founders of the enterprise. This goal will be

reached by means of ensuring a high level of management efficiency and the transparency of corporate structure;

the future use of innovative technologies for on-site oil refining;

Company Snapshot

About The Company

PrimeGen Energy Corp. is a is a publicly traded oil and gas exploration (Pink Sheets:

PGNE) whose primary focus is exploring and developing high potential unconventional

resource plays in Russia. The Company's strategy and assets include an extensive

multi-year oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi

Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in

Moscow, Russia. The Company's short term objectives are:

To become a medium size oil producer from the development and exploitation of the

Company's Rodnikovskogo oil & gas property;

To increase substantially the Company's gas reserves and production through the

development and extension of its Russian gas assets;

Farm out and drill very substantial and mature prospects identified (3D seismic) in Russia;

As the operator of the Rodnikovskogo permit lead the way to drill the highly regarded Novo- Rodnikovskoe prospect in the

Krasnoarmeiskome District.

Continue to develop and leverage the Company's operational and technical expertise by expanding the Company's asset

portfolio in Russia.

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_051109/

2 of 4 2/16/2010 12:05 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 49 of 51



Current Stock Data

Recent News

PrimeGen Energy Analyzes Seismic Data to Specify Drill Target Locations -  Monday April 27, 2009

PrimeGen Energy Retains Finance Consulting Firm -  Wed, Apr 22, 2009

PrimeGen Energy Preparing for 2009 Drilling Program With Interpretation of Seismic Data on Russian Natural Gas - 
Monday April 20, 2009

PrimeGen Energy Upgrading Pink Sheets Status to Current Information -  Tuesday April 7, 2009

PrimeGen Energy Finalizes Russian Oil & Gas Acquisition -  Tuesday March 31, 2009

Disclaimer

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

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_051109/

3 of 4 2/16/2010 12:05 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 50 of 51



PrimeGen Energy Corporation (OTC: PGNE), WSCF has been compensated Four Million shares, by a third party,

NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Three

Million Eight Hundred and Sixty 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 companies' 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.

www.WallStreetNewsAlert.com - PGNE Trading Update http://wallstreetnewsalert.com/profiles/PGNE_051109/

4 of 4 2/16/2010 12:05 AM

Case 1:11-cv-20413-DLG   Document 1    Entered on FLSD Docket 02/07/2011   Page 51 of 51