The Smallcap Newsletter QualityStocks Report 6/4/07

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The stock market got what it hoped for on Friday as a batch of economic data painted a picture of growth and moderating inflation.  However, it was slow to capitalize on that news as it kept a watchful eye on the Treasury market where the yield on the benchmark 10-year note came within striking distance of 5%.

By the end of the day, though, the bulls had scored another victory as each of the major indices logged a modest gain that got the month of June off to a positive start.

There were other sources of support, too, on the corporate front.  In particular, Dell posted better than expected first quarter results, Wal-Mart announced a $15 billion share repurchase plan, and the Bancroft family is reportedly now open to considering a buyout offer for Dow Jones from Rupert Murdoch's News Corp.  

The combination of these developments succeeded in keeping selling efforts in check, as did the expectation that Monday will be highlighted by another round of deal making.

Friday’s gains were led by the energy and materials sectors.  The only sectors to suffer a loss were telecom services and utilities - two areas known for their favorable dividend yields, which don't look quite as favorable as they used to with the yield on the risk-free 10-year note pushing 5.00%.

And now for our Small Cap News… brought to you by Compress Technologies, Inc., (CTLG.PK)

Compress Technologies, Inc., (CTLG.PK) is a Nevada based technology company who has garnered a group of patented and protected core technology solutions designed to greatly improve the efficiencies of bandwidth and network topographies for the Cable TV, FM-SCA Radio, Satellite and Wireless Industries.

Bootie Beer Corporation announced yesterday that the company has filed an amendment to the Company's Articles of Incorporation to change the Company's name to TMT Capital Corporation. Bootie Beer Corporation will continue to operate as the first operating subsidiary of TMT Capital.

Bootie Beer Corporation is a brewer and producer of malt beverage products. The Company selected its brewing venue of La Crosse , Wisconsin due to the unique availability of ultra-pure artesian water that can be drawn from the local wells, resulting in a superior brewing process and product.

Hidalgo Mining International (HMIT) announced that it has received a formal offer from Consolidated Mining and Mineral (CMM), to purchase all the outstanding and issued stock of HMIT for a consolidated purchase price of $2.15 per share.

If the offer is finalized CMM will immediately own the mining rights to the Northern Mexico Coal Property which encompasses nearly 300M tons of discovered and tested coal. Hidalgo also announced plans to construct a high-tech coal washing plant located directly on site at its Northern Mexico coal property.

Sun Cal Energy Inc. (SCEY) shares were boosted on the announcement the company has completed successful drilling and testing of its deep development well in Washita County, Oklahoma. Collection and evaluation has been completed on the Sturgeon 1-11 well, and has been deemed commercially viable.

Marathon Oil will commence assembly of a more permanent drilling platform to support well completion on the Sturgeon 1-11 well, and is estimated to spend an additional $4 million for oil and gas extraction.

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