Execute Sports, Inc. (OTCBB: EXCS)

Recent Price: $0.26

52 week Range: $0.23 - $0.55

Market Cap: $5.9 million

Shares Out: 20,890,000

Website: www.executesports.com

Commerce Planet, Inc. announced today that it continues to reduce corporate debt with cash from operations. CPNE cut corporate debt by over $1.75 million in 2006. $705,000 in June alone.

Commerce Planet CEO Michael Hill stated, "Over the past month, we've repaid $705,000 in debt from cash flow. As previously stated, during fiscal year 2006, we were looking to reduce our debt by 50% overall. We have certainly exceeded those 2006 initiatives by reducing our debt by about 70% year to date. We will continue to strive towards additional debt reduction through cash flow and earnings growth. We believe that these goals are attainable and look forward to a strong remainder of 2006."

Commerce Planet, after breaking through tough resistance, takes a breather. CPNE has been in a solid, healthy, uptrend beginning in March and accelerating after the May low.

Stock price beginning to accurately follow the fundamentals of the company.

With news of increased revenues, expanding memberships and the vast reduction of debt, CPNE has found itself onto more and more investor watch lists.

The stock, after hitting a recent high price of $0.60 pulled back 20% to our lower trendline at $0.48.

We believe this may be the final “deep” dip before CPNE sees the $0.80 levels…. Possibly as soon as early July.

Weekly Economic Calendar
Monday June 12th 2006 - Friday June 16th 2006
Date	ET	Release	Consensus	Prior
Jun 26	14::00	New Home Sales	1150K	1198K
Jun 27	14:00	Existing Home Sales May	6.66M	6.76M
Jun 27	14:00	Consumer Confidence	103.0	103.2
Jun 27	14:00	Richmond Fed Manufact. Index Jun	n/a	n/a
Jun 27	21:00	ABC Consumer Confidence	n/a	n/a
Jun 28	11:00	MBA Mortgage Applications	n/a	n/a
Jun 29	12:30	GDP Price Index 1Q F	3.3%	3.3%
Jun 29	12:30	Core PCE QoQ 1Q F	n/a	2.0%
Jun 29	12:30	Continuing Claims	n/a	n/a
Jun 29	12:30	Initial Jobless Claims	n-	n-
Jun 29	12:30	GDP Annualized 1Q F	5.6%	5.3%
Jun 29	12:30	Personal Consumption 1Q F	n/a	5.2%
Jun 29	14:00	Help Wanted Index	36	35
Jun 30	12:30	Personal Income	.03%	.05%
Jun 30	12:30	Personal Spending	0.4%	0.6%
Jun 30	13:45	University of Michigan  Confidence	82.5	82.4
Jun 30	14:00	Chicago Purchasing Manager	59	61.5
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DNAPrint Genomics, Inc.

Trading Symbol: (OTCBB: DNAG)

Current Trading Price: $0.0171

52 Week Trading Range: $0.013 - 0.236

Company Profile

Todays Press Release

Name change, Symbol Change, Rally stays the same...On April 7th, Commerce Planet, Inc. (OTCBB:CPNE) at $0.22.

Today, CPNE closed $0.60, it’s highest level since November of 2005!

Commerce Planet, Inc (OTCBB: CPNE), formerly NeWave Inc., continues its explosive ride higher. CPNE is currently trading at its highest levels since November 2005. Trading volume is increasing, follow through is increasing and so are the number of eyes watching this company. The company continues to impress the investment community with a seemingly endless barrage of encouraging corporate announcements. The ideal combination of incredible revenue growth ($3,932,343 in Q1 2006), record membership expansion (46,000 new members in May), and key strategic acquisitions (acquired One Source Imaging (OSI), a B2B media design firm) are facilitating Commerce Planet’s transformation into a virtual ecommerce powerhouse.

The company has also met its strategic objective to repay 50% of corporate debt by the end of 2006 within the first five months of the year and is well-positioned to liquidate all corporate debt in the near term, a very positive indicator of the company’s future growth and long term financial outlook. Please visit www.commerceplanet.com for more information on this dynamic organization.

Following its aggressive plan for international expansion US Energy announced today that it has granted exclusive distribution rights to TruckGas Ltd., a United Kingdom registered company for countries such as France, Belgium, Holland, Germany, Italy, Spain, and Poland. Under the agreement, TruckGas Ltd. is obligated to purchase a minimum of 2,500 over a three year period beginning in Q1 2007.

With a rapidly expanding domestic presence and a growing foothold in the Asian marketplace facilitated by a recent agreement with GM Thailand, USEI is now well-positioned to gain a foothold in the European marketplace. The development of this new agreement now brings US Energy’s total scheduled deliverables to more than 4,000 units over the next 36 months.

This 4,000 unit deliverable schedule over the upcoming 3 years is remarkable for a US Energy, a company that had no significant sales until recently. The company has proven itself to international automotive marketplace and is now positioning itself as a leader in the development of alternatively fueled engines in the global marketplace. USEI has planted its seed in the three major markets of the world and is now set to develop an optimal international distribution network designed to provide its patented systems to customers in every corner of the world.

Today’s Press Release: “READ”

SAME GREAT COMPANY

Today, NeWave, Inc. began trading under it's new symbol, "CPNE", and yesterday announced the naming of a new Chief Financial Officer.

The new trading symbol comes after last weeks annoucement that the company name was changed to Commerce Planet, Inc. Irregardless of the name or symbol, the stock continues to perform well, especially with recent overall market declines and volatility.

Yesterday, the Board of Directors appointed Dave Foucar as the new Chief Financial Officer, effective June 13, 2006. Mr. Foucar has over 20 years of experience in Finance and Accounting including 10 years in the technology industry. Mr. Foucar comes to NeWave from The Malibu Group, a mid market M&A and Financial Consulting firm.

Nighthawk Systems (NIHK) lands yet another utility contract. This time, from the City of Camden in South Carolina. NIHK produces intelligent wireless power control and emergency notification products.

This was not the first order placed by the City of Camden. After several months of successful testing of NIHK’s CEO-700, Camden has just placed a second and larger order. Camden is one of many current CEO-700 users expected to soon place larger orders for NIHK products. In the past 6 months alone, NIHK has provided the CEO-700 to numerous Northern and Eastern Utilities. Tri-County Rural Electric Co-operative, in Mansfield, Pennsylvania, placed its second and larger order, and Kaukauna Utilities in Kaukauna, Wisconsin placed its THIRD order after successful pilot programs.

Utilities are not the only entities seeking NIHK’s products. HotShot Wireless, a wireless service provider in Lewisburg, Tennessee and Internet America, which provides internet service to the Southwest United States are using NIHK’s NH100 and NH8 rebooting devices. Additionally, one of the country’s premier makers of digital highway advisory radio systems placed its second order for 100 PT1000’s. The units are used to remotely activate highway advisory signs.

Momentum continues to pick up at USEI. After an Investor Conference Call this afternoon, USEI released system sales and revenue guidance for the 3rd and 4th quarter.

Following is an extremely optimistic quote from USEI CEO Mark Clancy.

"We now look toward the third and fourth quarter 2006; we anticipate that we will ship 100 systems during the third quarter and ramp up to 700 systems during the fourth quarter. Together with revenues generated from our manufacturing activities, we anticipate third quarter revenues of approximately $660,000 and fourth quarter revenues of approximately $1,600,000"



Press Release in its Entirety

Weekly Economic Calendar
Monday June 12th 2006 - Friday June 16th 2006
Date	ET	Release	Consensus	Prior
Jun 20	08:30	Buiding Permits	1961K	1973K
Jun 20	08:30	Housing Starts	1860K	1849K
Jun 21	10:30	Crude Inventories	NA	-980K
Jun 22	08:30	Initial Claims	NA	295K
Jun 22	10:00	Leading Indicators	0.4%	-0.1%
Jun 23	08:30	Durable Orders	0.8%	-4.4%

US Energy announced today that they have acquired Automated Engineering Corporation.

Automated Engineering Corporation is an electronics design and manufacturing company. The primary focus of the company was providing OEM instrumentation and control electronics to the RV and consumer markets. Since its founding, AEC has been a leader in innovative design across a variety of electronic safety, metering, and control devices. In 1991 AEC entered into the field of Contract Manufacturing to better serve the needs of a broader range of clients.

"...With 2005 revenues of approximately $1,800,000, this profitable electronics design and manufacturing company is key to our plan of execution. The core of our patent dual fuel system is contained in our electronic control unit. Bringing this capability in-house allows us maximum control over deliverable timing and quality. Recently we've announced substantial agreements for the sale of our conversion systems both in the aftermarket as well as the OEM arena. As we now shift our focus to one of production, delivery and payment, our ability to ensure reliable delivery of a quality product is key to our long-term success. In addition, AEC has a foundation of revenue which we can build upon independent of the in-house production of our patent system," concluded Mr. Clancy.

NeWave, Inc. continues to set records. Today they announced the enrollment of a record 46,000 new members during the month of May, up 10% over April.

NeWave CEO Michael Hill had this to say, "We are pleased to announce yet another record month in new membership enrollment. Additionally, because of the improved quality of our offerings, our customer loyalty and retention have improved significantly as well, resulting in increased residual income. The improvement has had a direct impact on the acceleration of our growth and we expect it will continue into the foreseeable future."

We still feel strongly about the growth of both the company and the share price of NWWV. Technically, the stock has had a steady climb on good volume. Fundamentally, they are profitable with record revenues, record customer base numbers and are making acquistitions.

NeWave continues to be a stock to be accumulated.

Weekly Economic Calendar
Monday June 12th 2006 - Friday June 16th 2006
Date	ET	Release	Consensus	Prior
Jun 12	14:00	Treasury Budget	-$36.6B	-$35.4B
Jun 13	08:30	Business Inventories	0.5%	0.7%
Jun 13	08:30	Core PPI	0.2%	0.1%
Jun 13	08:30	PPI	0.5%	0.9%
Jun 13	08:30	Retail Sales	0.1%	0.5%
Jun 13	08:30	Retail Sales ex-auto	0.5%	0.7%
Jun 14	08:30	Core CPI	0.2%	0.3%
Jun 14	08:30	CPI	0.4%	0.6%
Jun 14	10:30	Crude Inventories	NA	1146K
Jun 14	14:00	Fed's Beige Book	-	-
Jun 15	08:30	Initial Claims	NA	302K
Jun 15	08:30	NY Empire State Index	11.4	12.4
Jun 15	09:00	Net Foreign Purchases	NA	$69.8B
Jun 15	09:15	Capacity Utilization	82.0%	81.9%
Jun 15	09:15	Industrial Production	0.2%	0.8%
Jun 15	12:00	Philadelphia Fed	11.0	14.4
Jun 16	08:30	Current Account	$223.4B	-$224.9B
Jun 16	09:50	Mich Sentiment-Prel.	79.0	79.1

The market took its biggest hit all year last week. With growing uncertainty of what the Federal Reserves next move might be, many investors are seeking shelter.

The increasing volatily seems to only be added to the fears. Several times in recent trading sessions, the market has gapped up substancially, only to give back those early morning gains and close down on the day. The Dow is off over 6 percent from its recent six-year of 11,642 hit last month, and down more than 355 points last week alone.

Where are the bright spots?

Stocks that are bucking the trend. NeWave, Execute Sports, Walker Financial, Network Installations and US Energy Initiatives are just a few that are doing just that.

Since May 10th, NeWave, Inc. (OTCBB: NWWV) has risen nearly 60%, on huge volume. Execute Sports, Inc. (OTCBB: EXCS) is up almost 15%. After finding a good support area, this stock too began to rise. Walker Finacial Corp. (OTCBB: WLKF) was at $0.105 on May 10th. It closed at $0.125 on Friday, up 19%. Network Installations Corp. (OTCBB: NWKI) and US Energy Initiatives Corp. (OTCBB: USEI) although not up as impressively as the others, are up 3% and 1% respectively.

Compare this to a 6% decline in the Dow and an overall market deciline of over 3% just last week.

Stocks that are strong enough to swim against the current, tend to really move when the tide turns in their direction.

US Energy Initiatives Corporation's symbol change went into effect this morning. The new trading symbol is USEI (formerly HYFS).

US Energy Initiatives Corporation (OTCBB:USEI), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM), www.gm.com, United Parcel Service (NYSE:UPS), www.ups.com, US Postal Service, Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.


www.usenergyic.com

Monday Jun 5th 2006 - Friday Jun 9th 2006

Date	ET	Release	Consensus	Prior
Jun 05	10:00	ISM Services	60.1	63.0
Jun 07	10:30	Crude Inventories	$3.5B	$2.5B
Jun 08	08:30	Initial Claims	NA	336K
Jun 08	10:00	Wholesale Inventories	0.5%	0.2%
Jun 09	08:30	Export Prices ex-ag.	NA	0.7%
Jun 09	08:30	Import Prices ex-oil	NA	0.0%
Jun 09	08:30	Trade Balance	-$65.0B	-$62.0B

Revenues are getting better by the quarter…Profit has become a reality…Membership is continues to surge…The stock price has doubled since March 21st…What could make this picture any brighter?

NeWave, Inc. announces today that they have reduced their debt by an additional $550,000 from cash generated from operations!

 

NeWave CEO Michael Hill stated, "Over the past month, we've repaid $550,000 in debt from cash flow. One of our stated strategic objectives for 2006 was to decrease our debt by 50% and I am thrilled to announce that we've achieved that in just five months. That being said, we will continue our pursuit of significantly stronger financial performance through further debt reduction and earnings growth. We believe that these goals are attainable this year given the current robust state of our overall business and look forward to sustaining our momentum."

With this current announcement, NeWave has reduced its company debt by over $1 million dollars so far in 2006.