Austin, TX 10/29/2009 11:05:52 PM
News / Business

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Stocks are sharply higher after the government said the economy grew at a stronger than expected pace during the third quarter

Investors have spent the past couple of months hunting for clues of just how much the economy has recovered. Thursday's gross domestic product reading gave them the surest sign yet that the economy is on the upswing.

 

The Commerce Department said the economy grew at an annual pace of 3.5 percent in the third quarter, faster than the 3.3 percent increase predicted by economists polled by Thomson Reuters.

 

The growth was the best in two years and stops four consecutive quarters of declines that had pushed the economy into its worst recession since the Great Depression.

 

Growth was bolstered by government stimulus programs, including the popular Cash for Clunkers auto program and tax credits for first-time home buyers.

 

In early morning trading, the Dow Jones industrial average rose 66.27, or 0.7 percent, to 9,828.96. The Standard & Poor's 500 index rose 8.99, or 0.9 percent, to 1,051.62, while the Nasdaq composite index rose 20.20, or 1 percent, to 2,079.81.

 

Yesterday’s Top Performing Small Cap stock:

 

Muscle Flex Inc. (Pink Sheets: MFLI) was a SmallCapVoice.com top performer yesterday closing up over 30% on trading volume of 3,327,363 shares.

 

Muscle Flex Inc. announced today that it is implementing the appropriate steps in facilitating international distribution for its BUDDY Tablet Caddy(TM) (www.BUDDYTabletCaddy.com) and Beagle StepFit(TM) (www.BeagleStepFit.com) products through global direct response partnerships. With the 1 and 2 minute short form commercials and one-page landing pages nearly completed, Muscle Flex is preparing for the North American release of both products through direct response national TV campaigns and in conjunction, beginning the steps necessary in launching both products in the global market place as well.

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Mantra Venture Group Ltd. (OTC BB: MVTG)

 

Mantra announced that it has achieved enhanced cathode stability through the use of a new proprietary technique. Management will review the patentability of this technical breakthrough in the weeks that follow.

 

John Russell, Vice President of Technology Evaluation at Mantra, explained: "We are happy with the latest advancements made on the ERC technology and Mantra will be looking at the patentability of this latest discovery to further secure its competitive advantage. Thanks to persistent research, ERC is moving steadily from concept to reality as a complete technology." He then added: "This is the essential evolution of a commercial product; it is built on a series of small successes culminating in a practical, economic technology that is of interest to industry and government."

 

Mr. Larry Kristof, Mantra's President and Chief Executive Officer, had this to say: "ERC has an important contribution to make in the realm of carbon recycling and it is exciting to see it becoming a reality. It is more and more competitive with CCS (carbon capture and sequestration). The last five months have seen the rate of technological improvements move ahead of schedule and, as a result, we are getting the exposure in the media that we had sought. ERC is now getting consistent recognition from major international industry players and institutional investment firms alike."

 

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SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide.  Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets.

Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles.  For compensation and complete disclaimer click here.

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