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Wednesday October 21, 2009

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Powersafe Technology Corp.’s (Other OTC: PSFT.PK) Subsidiary Amplification Technologies has patented a revolutionary new solid-state semiconductor technology solution for low-level signal detection: multichannel Discrete Amplification (DA). The patented DA platform technology, invented by company scientists, is a breakthrough in the design of photon detectors, providing these detectors with unique competitive advantages. Use of DA in semiconductor detectors increases their sensitivity markedly, and enables the creation of new detector systems for various applications including medical diagnostics, security systems, telecommunications, environmental monitoring and drug discovery.

The Inventure Group, Inc. (Nasdaq: SNAK), a leading specialty snack food manufacturer, today reported financial results for the third quarter ended September 26, 2009, highlighted by a seventh consecutive quarter of year-over-year earnings growth, an 18% net profit increase, EBITDA growth of 19% and new distribution gains.

Mainland Resources, Inc., (OTC Bulletin Board: MNLU) announced today that it has entered into a two-year, $40 million senior secured advancing line of credit agreement with Guggenheim Corporate Funding, LLC, an affiliate of Guggenheim Partners, LLC. SMH Capital Inc. acted as exclusive financial advisor to Mainland Resources in relation to the Guggenheim financing.

Flextronics (Nasdaq: FLEX) is expanding its medical disposables offering and has signed an agreement to acquire Slomedical S.R.O through a share purchase agreement. Slomedical is a leading European manufacturer of disposable medical devices ranging from tubing sets to complex devices for minimally-invasive surgery. This deal is expected to close before the end of the calendar year, pending required regulatory clearances.

Catalyst Rx, the pharmacy benefit management (PBM) subsidiary of Catalyst Health Solutions, Inc. (NASDAQ:CHSI), announced today that the Michigan Department of Management & Budget, Purchasing has recommended Catalyst to provide PBM services for Michigan's Public School Employees Retirement System (MPSERS), pending management and State Administrative Board approval.

Bolt Technology Corporation (NASDAQ: BOLT) today announced financial results for the first quarter of fiscal year 2010, the three months ended September 30, 2009.

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