Drake Pacific Enterprises Ltd. (DPE:TSX-V) is engaged in the exploration and development of petroleum and natural gas primarily in Alberta. The company currently has a value-oriented portfolio of property interests in core areas such as Sousa, Swan Hills, Retlaw, Provost, Gilby, Alderson, Suffield and Carmangay, and is actively looking for new property acquisitions.

Over the past 12 months, the company has undergone a significant transformation from an entity with modest operations, little investor exposure, and few growth initiatives, to a company that is operating aggressively, has an increased interest in investor communication, and is rebalancing its properties to provide a foundation of growth for the future.

Founded in September 1992, Omni-Lite Industries Canada Inc. (OML:TSX-V) is one of the world’s leading developers and manufacturers of precision components utilizing advanced composite materials and computer-controlled cold forging techniques.

The company is actively searching for a 60,000 to 70,000 square foot facility to accommodate the 38 cold forging systems that will be in place over the next two years. Management anticipates that 2008 activity will result in another year of record revenues, primarily due to strength in the Military, Aerospace and Automotive divisions. The company is targeting overall growth rates of 20% to 25% per year for the next three years.

Radiant Communications Corp. (RCN:TSX-V) is one of Canada’s leading providers of IP-based data communications and broadband solutions focused exclusively on helping business clients harness the power of the Internet. These services include managed DSL services, secure virtual private networks (VPN), secure IP connectivity to payment processor gateways for debit and credit card transactions, and high availability web hosting and content management solutions to customers in Canada, the US and internationally.

Radiant has achieved 5 consecutive quarters of EBITDA positive results and has reported 23 consecutive quarters of revenue growth. The company also has a clean balance sheet with no debt, approximately $3.1 million in cash and investments ($0.28 per share), and positive working capital.

IP Applications Corp. (IPX:TSX-V) provides technologies and services that enable software companies and IP service providers to manage product plans, pricing, subscribers and payment over the internet. The company was founded in 1998 and has since grown both organically and through acquisition.

IP Applications currently has a market capitalization of about $6.4 million and is trading at only 0.8 times current annual sales. The company has developed a strong base of recurring revenue and is now expanding into higher-margin and higher-growth technology markets.

Alliance Mining Corp. (AMCL:CNQ) is a unique junior mining company focused on acquiring, exploring and developing precious and base metal properties in some of North America’s most prolific mineral regions.

The company’s strategy is to concentrate on mining districts hosting hundreds of smaller, higher-grade mineralized zones. These targets would then be mined collectively and processed centrally using efficient modern methods. Alliance is presently focused on gold and base metal projects in Arizona and Nevada.

Cobra Venture Corporation (CBV:TSX-V) is an emerging oil and gas company that has assembled varying interests in three non-operated core areas that hold significant potential. A large part of this upside comes from the Viewfield, SK area where Cobra is working with some of the former management team of Bison Resources to build production and reserves from the Bakken and Frobisher formations.

To date, Cobra has had tremendous successful with its Viewfield project development. The company has an active 2008 drilling program planned, which is expected to significantly increase cash flow by year-end. As at February 29, 2008, the company had a positive working capital position of $2.2 million or $0.15 per share and no long-term debt.

Baden Technologies Inc. (BDZ:TSX-V) conducts business primarily through its wholly-owned subsidiary, FSI International Services Ltd. (FSI). Since 1987, FSI has been involved in the development, marketing, manufacturing, production, and installation of filtration and filtration-related products for the petrochemical, utilities and environmental industries.

Domestically, the demand for the company’s filtration and filtration-related products is entering a growth phase, particularly with service projects in the oil sands. In addition, Baden has recently secured a large brine plant contract for 2008 delivery and the company is currently negotiating contracts for two other potential brine plants to be fabricated and shipped in 2008.

Audiotech Healthcare Corporation (AUD:TSX-V) was founded in April 1998, as a growth corporation in a highly-fragmented hearing healthcare industry in North America. The company operates and manages a network of 16 hearing clinics in British Columbia, Alberta, and Idaho. Audiotech targets growth organically through new clinic openings, existing clinic expansions and the opening of satellite clinics.

Audiotech will continue to build upon its close relationships with large hearing aid manufacturers and its financial partners to fund organic growth. In addition, Audiotech will continue to re-invest its positive cash flow in new growth initiatives. The company remains an attractive potential takeover candidate.

ILI Technologies (ILI:TSX-V) is a Calgary-based company providing innovative products to the oil and gas sector. The scope of ILI changed dramatically in 2006 with the purchase of a coalbed methane (CBM) pump supplier along with the distribution rights for Thermoflex Tubing. ILI’s primary strategy is to tap existing and new distribution channels to increase sales for its pumps and piping products.

The company has dramatically increased its sales and marketing efforts with operations in Canada, Mexico, the United States and now China. Negotiations can be lengthy when dealing with major international producers and service companies, but management is confident that ILI will be able to secure additional orders during 2008. As at March 31, 2008, the company had positive working capital of approximately $4.1 million or $0.19 per share and minimal long-term debt.