Thursday, March 25, 2010

StockProfiler.US: Penny Stock News for Thursday: Mainland Resources, Inc. & Axion Power International Inc.



HOUSTON, March 25, 2010 -- Mainland Resources, Inc. (OTCBB: MNLU; Frankfurt 5MN), a Nevada corporation ("Mainland") reports that the Company has issued an AFE (Authority for Expenditure) for the Burkley-Phillips No. 1 well to be drilled in Jefferson County, Mississippi.

Mainland Resources, Inc. closed at $1.39 Wednesday, trading 770,412 shares.

Mainland Resources, Inc. Issues Authority for Expenditure (AFE) for First Haynesville Shale Well on its Buena Vista Project in Mississippi

About Mainland Resources, Inc.

Mainland Resources is a junior company engaged in the exploration and development of oil and gas resources. The Company's current initiatives are focused on the acquisition and development of leases in emerging gas regions with the potential for discoveries including the Haynesville shale.

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NEW CASTLE, Pa., March 25, 2010 -- Axion Power International Inc (OTCBB: AXPW), announced plans to release its fourth quarter and year-end 2009 results on Tuesday, March 30, 2010.

Axion Power International Inc. closed at $1.15 Wednesday, trading 119,500 shares.

Axion Power(TM) Announces Dates of Its Fourth Quarter and Year-End 2009 Results and Conference Call

About Axion Power International Inc

Axion has developed and patented a next generation energy storage device that won the prestigious Frost & Sullivan Technology Award for North America in the field of lead-acid batteries. According to Frost & Sullivan, Axion's new PbC® batteries have "the potential to revitalize the lead-acid battery industry by breathing new life into an established technology that is not well suited to the requirements of important new applications like hybrid electric vehicles and renewable power."

Axion Power International, Inc. is the industry leader in the field of lead-acid-carbon energy storage technologies. Axion believes this new battery technology is the only class of advanced battery that can be assembled on existing lead-acid battery production lines throughout the world without significant changes to production equipment and fabrication processes. It also believes it will be able to manufacture carbon electrode assemblies in volume at low cost using standard automated production methods that are commonly used in other industries. If and when its electrode manufacturing methods are fully developed, Axion believes it will be able to sell carbon electrode assemblies as virtual plug-and-play replacements for lead-based negative electrodes used by all other lead-acid battery manufacturers. Axion's future goal, after filling their plant's lead-carbon battery production capacity, is to become the leading supplier of carbon electrode assemblies for the global lead-acid battery industry.

For more information, visit www.axionpower.com

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Please Note: All news contained herein has been previously issued by the companies mentioned in this release, and is the property of each company, respectively. All news is edited for content. The companies that are discussed in this opinion have not approved the statements made in this opinion.

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