International Sovereign Energy Corp. (ISR:TSX) is active in the exploration and development of hydrocarbon reserves in Western Canada and internationally. Since their June 2008 election, the new management team has strategically moved the company away from international ventures that require a high risk profile and are instead focusing on domestic growth through the drill bit where high success rates have been achieved.

Int'l Sovereign has a stable balance sheet, growing production with additional production behind pipe, an unutilized $10 million credit facility, and significant growth opportunities both domestically and internationally. The company appears to be well positioned to weather the current economic turmoil while preparing for future growth.

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, Retlaw, 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. Drake recently achieved a production milestone of 300 boepd.

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.

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 quality partners to build production and reserves from the Bakken and Frobisher formations.

To date, Cobra has had tremendous success with its Viewfield project development. The company is planning an active 2009 capital program with activity to occur at Viewfield as well as at core areas in Alberta. As at November 30, 2008, the company had a positive working capital position of $1.11 million or $0.07 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 for 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.