Longwei Petroleum Investment Holding has executed a Purchase and Sale Agreement with Taiyuan Coal Gasification Group Rail Transport Company, pursuant to which Taiyuan has agreed to purchase 30,000 metric tons of finished oil products from Longwei Petroleum to be delivered in 2009.

The future of American cars rests with hybrid technology. As the country moves away from its dependence on foreign oil and adopts more environmentally friendly automotive measures, companies like Quantum Fuel Systems (NASDAQ: QTWW), who are developing a wide range of premium hybrid cars, are set to benefit. One of those cars in particular is going to catch the attention of the whole country: the Fisker Karma, Quantum’s premier plug-in hybrid sports car, being showcased in January 2009, at the North American International Auto Show in Detroit, Michigan.

China small-cap stocks have been decimated along with everything else. But even before the market turmoil of the last two months, China small-cap stocks were generally illiquid and undervalued. Most of the small-cap companies going public in the U.S. are manufacturers. The policies implemented during the Cultural Revolution (1963-1983) set the country back at least 30 years in terms of developing new technologies. The revolution put in place a great turning inward and an eschewing of all things not Chinese — factors which when combined with a rigid communist ideology did little to encourage creativity and innovation.

ZAGG (OTCBB: ZAGG), the leading provider of protective film coverings for personal electronics, reported strong 3rd Quarter results. ZAGG’s proprietary, ultra-tough military grade film covering called the InvisibleShield, is gaining popularity which translates into increased sales. ZAGG experienced a 485 % increase in 3rdQ over 3rdQ sales with $6.8M in sales for 2008 and $1.4M in sales for 2007.