SmallCapVoice.com, Inc., a recognized corporate consulting firm known for its ability to help emerging growth companies build a following among retail and institutional investors, provides the following market commentary and small cap stock highlights:

Fed Intervenes with Surprise Three-Quarters of a Point Interest Rate Cut to Head Off Recession

The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.

The surprise reduction in the federal funds rate from 4.25 down to 3.5 percent marked the biggest one-day rate move by the central bank since it cuts its discount rate by a full percentage point in December 1991, a period when the country was struggling to get out of a recession.

Analysts said the Fed will likely delay cutting rates further at its Jan. 29-30 meeting but will probably keep moving rates down aggressively as the economy continues to weaken.

Wall Street plunged at the opening of trading Tuesday as a wave of selling across the globe in response to US recession fears and a loss of confidence in bond insurers, which are being hit hard in early action, propelling the Dow Jones industrials down about 300 points.

Shares have pared early losses and have found some support from the Fed's decision to cut its federal funds rate to 3.50 percent and the discount rate. Meanwhile, the worldwide sell-off is overshadowing 4Q earnings reports from a number of companies, including Bank of America, DuPont, Wachovia, and Johnson & Johnson. Treasuries are up, especially at the short end of the curve, in response to the drop in stocks and the Fed's rate reduction.

In early afternoon trading, the Dow was down 178.18, or 1.47 percent, at 11,921.12. The Dow was last below 12,000 in March 2007. The broader Standard & Poor's 500 index was off 22.19, or 1.67 percent, at 1,303.00, while the Nasdaq composite index fell 54.50, or 2.33 percent, to 2,285.52.

The yield on the benchmark 10-year Treasury note sank to 3.53 percent from 3.63 percent late Friday. Crude oil prices fell $2.34 to $88.23 a barrel on the New York Mercantile Exchange on the concern that a weak economy will dampen energy demand.

The dollar fell against most other major currencies except the yen. Gold, despite its historical status as a safe-haven investment, also slid.

Friday’s Top Performing SmallCapVoice.com stock:

Material Technologies, Inc. (OTC BB: MTTG) was SmallCapVoice.com’s top performer for 1/18/08 closing up over 11% on trading volume of 717,680 shares.

MTTG is surging again today and is currently up over 50% on huge trading volume of more than 3.5 million shares.

Material Technologies, Inc. Inspects Fracture Critical Bridge in West Sacramento, CA With Their Electrochemical Fatigue Sensor System


LOS ANGELES, Jan. 22 -- Material Technologies, Inc. (OTC Bulletin Board: MTTG), provided inspection services to CalTrans using their patented Electrochemical Fatigue Sensor (EFS) System. The inspected structure is a fracture critical bridge located in West Sacramento, CA that has been repaired and retrofitted. Inspection results are being used to determine which of the existing cracks are growing, if there are other locations which contain cracks previously undocumented, and whether the repairs and retrofits installed on the bridge are working properly, that is, not exhibiting any crack growth. This information can be used to prioritize repair funds as well as verify the efficacy of those repairs and repair methods.

Today’s Hot Stock to Watch:

Silver Dragon Trenches 512 Grams Per Tonne/16.5 Ounces Silver Over 44 Metres in New Discovery At Cerros Las Minitas Project, Mexico

DURANGO, Mexico, Jan. 22, 2008-- Silver Dragon Resources Inc. (OTC BB: SDRG) is pleased to announce the discovery of significant mineralization at the Company's Cerros Las Minitas property in Durango, Mexico. Ground prospecting, mapping, geochemical and geophysical surveys have outlined a new zone, called La Crucitas, where significant mineralization has been identified in a series of trenches.

Silver Dragon Resources Inc.  (OTC BB: SDRG) is today’s SmallCapVoice’s hot stock to watch.

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