Novus Energy Inc. (NVS:TSX-V) is a Canadian oil and gas company with operations in BC, Alberta, and Saskatchewan. Novus is managed by the previous executive team of Gentry Resources Ltd., which grew from an initial market capitalization of $2.5 million in 2000 and merged with Crew Energy Inc. on August 22, 2008 for a value of approximately $300 million with a production level of over 5,000 boepd.

Novus has approved a 2010 capital expenditure budget of $36 million which is expected to incorporate the drilling of 44 (37.5 net) wells, the majority of which will be horizontal wells targeting light Viking oil at Dodsland. Production is expected to average 1,300 boe/d with a 2010 exit production rate of 2,200 boe/d. Cash flow for 2010 is forecast to reach $13.0 million. Novus currently has cash of approximately $33 million and expects to exit 2010 with no debt.

BlueRush Media Group Corp. (BTV:TSX-V) is a digital marketing company that combines leading edge technology with creative television production. Through its principal operating subsidiary, BlueRush Digital Media Corp., the company creates innovative rich media solutions for distribution across all new emerging medias such as the internet, web TV, iPods, mobile phones, digital signs and in-store kiosks.

For the third quarter ended April 30, 2010, BlueRush generated revenues of $847,862, which is a 46% increase over revenues in the same period last year. Net income for Q3 was $19,238 or $0.001 per share as compared with a net loss of $75,527 or ($0.002) during the same period in 2009. As at April 30, 2010, BlueRush had a positive working capital position of $1.12 million or $0.035 per share with negligible long-term debt.

Alphinat Inc. (NPA:TSX-V) is is a developer, marketer and supporter of software to build online self-service tools that make it easier to deal with organizations or governments. Alphinat’s clients have included leading organizations such as Computer Associates, Cossette Communication Group, Molson Breweries, the Government of Quebec and the French Republic.

Alphinat has undertaken several initiatives that are expected to lead to revenue and earnings growth in the coming quarters. The recent French Government announcement is a “company-builder” and Alphinat is building long-term shareholder value by expanding its client network internationally.

NTG Clarity Networks Inc. (NCI:TSX-V) is a global leader in delivering network, IT (information technology) and infrastructure solutions to telecommunications service providers. The company has been developing niche software products directed at the business-to-business Internet market since its inception in 1992. A significant portion of NTG Clarity's future growth is expected to originate from the international marketplace due in part to the deregulation of the telecommunication sector and the licensing of new mobile operators.

At March 31, 2010, NTG Clarity had positive working capital of $1.97 million or $0.079 per share with long-term debt of just $311,000. Given recently announced agreements and the anticipation of a stronger second quarter, NTG Clarity should remain on pace to deliver record 2010 performance. Despite this potential, the company continues to trade at working capital value attributing nothing in share value towards its current or future profitability.

Diamcor Mining is a junior resource company with experienced management and established operations and production history in South Africa. Unlike the vast majority of the juniors in the diamond sector which are exploration focused, Diamcor’s strategy is to acquire projects that can be brought into production quickly with the potential to generate steady, long-term positive cash flow.

Diamcor is in the final stages of its acquisition of the Krone-Endora Project from De Beers Consolidated Mines Ltd. The Krone-Endora Project is located directly adjacent to the De Beers owned Venetia Diamond Mine, South Africa’s largest diamond producer. A recent NI 43-101 technical report of the Krone-Endora Project indicates an inferred resource estimate of 54,258,600 tonnes of diamond-bearing gravels with 1,314,000 carats of diamonds.

Aerocast Inc. (A:CNSX) operates a high-growth sand-casting foundry that produces complex aluminum and magnesium castings primarily for the aerospace industry. Despite its relatively recent entry into the industry, Aerocast’s customers already include some of the world’s largest aerospace contractors with the likes of Honeywell Aerospace, Hamilton Sundstrand, Sikorsky Aircraft and Shimadzu Precision Instruments. These contractors manufacture components such as automatic transmission units, fuel pumps, generator housings, and engines for aircraft manufacturers such as Airbus and Boeing.

Since March 2008, Aerocast has received purchase orders for tooling equipment and castings totaling in excess of $2.5 million. Furthermore, these fulfilled orders are expected to generate ongoing castings sales in excess of $2 million annually. The company currently has over 25 different casting parts in production and Aerocast is working to increase its casting parts and quantities to satisfy customer demand. Present industry demand is expected to lead to a continued increase in year-over-year sales for Aerocast which should lead to short-term positive cash flow and EBITDA as production thresholds are met.

Coronado Resources Ltd. (CRD:TSX-V) is a Canadian based exploration and development mining company that is focused on its 100% owned Madison gold/copper property in Montana, USA. Coronado is presently producing both high-grade gold and high-grade copper and since mid-2008, has shipped a total of 1,792 contained ounces of gold and 1,362,063 pounds of copper.

Coronado is expected to show improved financial performance going forward as monthly shipments are increased and the price of both gold and copper have recently shown significant improvement. Coronado presently has a market cap of only $6.4 million. The company is not well known at this time, but an increasing focus on investor communication, continued shipments of copper and gold, new drilling plans, and an improving balance sheet will bring in the usual excitement and news flow that the analysts/media and investment community are generally looking for.

Cobra Venture Corporation (CBV:TSX-V) is engaged in the exploration and development of petroleum and natural gas in western Canada. The company has assembled varying interests in several core areas that hold significant potential. Cobra has established a strong foundation of initial production and is forecasting continued production growth over the next few years.

Cobra has been very successful in its Viewfield project development to date and the potential remains to unlock significant additional value in the area. With stronger oil prices in fiscal Q4 and Q1 ended November 30 and February 28, respectively, Cobra has strung together two consecutive quarters with very positive results in terms of total revenues and net income. As at February 28, 2010, Cobra had a strong balance sheet with working capital of $1.5 million or $0.10 per share and no long-term debt.

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.

Over the past several years, Audiotech has become an ideal acquisition candidate for a number of reasons. Most importantly, there is a growing consolidation trend in the industry in which hearing aid manufacturers are buying up successful hearing clinics. Especially attractive takeover candidates are those companies operating chains of hearing care clinics. It should be noted that, after incorporating the company’s debt, Audiotech is presently trading at approximately 0.7 times sales, which is a relatively low valuation based on the company’s potential takeover appeal.