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:

Dow Drops 200 Points As Recession Worries Encourage New Round of Selling

Weak guidance from Apple and ongoing recession fears are pushing US stocks lower by another 200 points in early action, despite expectations of another big cut in the fed funds rate next week and fairly upbeat earnings and commentary from US companies. Texas Instruments, Pfizer, United Technologies, Norfolk Southern, St. Jude Medical, and Coach all topped the Street's profit estimates. Problems, however, continue to plague Motorola. In light economic news, lower mortgage rates are encouraging a wave of refinancings, but Treasuries are much higher as the drop in stocks encourages flight-to-safety buying. Overseas, hawkish talk from the European Central Bank is hurting stocks in Europe, but Asia rallied and was aided by the Fed's surprise rate cut.

In early morning trading, the Dow Jones industrial average was down 206.47, or 1.72 percent, to 11,764.72. Broader stock indicators also declined. The Standard & Poor's 500 index fell 28.12, or 2.15 percent, to 1,282.38, and the Nasdaq composite index slid 53.87, or 2.35 percent, to 2,238.40.

Bond prices rose sharply, as investors' search for safer places for their money. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.32 percent from 3.41 percent late Tuesday. The dollar was mixed against other major currencies.

Friday’s Top Performing SmallCapVoice.com stock:

Material Technologies, Inc. (OTC BB: MTTG) was SmallCapVoice.com’s top performer for 1/22/08 closing up over 50% on trading volume of 4,017,212 shares.

Investor appetite for Material Technologies Inc. stock was overwhelming in response to the Company’s announcement that they had 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. Investor enthusiasm drove shares of MTTG stock up 50% on over 4,000,000 shares in volume.

Today’s Hot Stock to Watch:

ERF Wireless (OTC BB: ERFW) is today’s SmallCapVoice’s hot stock to watch.

ERF Wireless signs first US-BankNET contract in Texas

Contract with Classic Bank is first in a series of bank contracts expected to generate 125 million in US-BankNet revenues from Texas over the next 10 years

LEAGUE CITY, Texas--ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless broadband products and services, announced today that its ERF Enterprise Network Services subsidiary has signed a US-BankNet contract with Classic Bank of Cameron, Texas. This new contract is a long-term contract to supply encrypted bandwidth transport across the Texas portion of US-BankNet, the company’s fault-tolerant, encrypted enterprise-class wireless financial network. This announcement represents the first US-BankNet contract signed by one of the 1,300 Texas financial institutions targeted by ERF Wireless to use US-BankNet and is in addition to the multiple Louisiana banks already contracted to utilize the Louisiana portion of US-BankNet.

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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.

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