Austin, TX 2/12/2008 1:27:26 AM
News / Business

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

Stocks Are Mixed as AIG News Casts Concerns About the Mortgage Market

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:

 

Stocks Are Mixed as AIG News Casts Concerns About the Mortgage Market

 

American International Group is leading a slide in insurers and financial shares after confirming in a regulatory filing that its auditors found weaknesses in how it values collateralized debt obligations. The disclosure is pulling the broader market lower but strength in techs following a rejection by Yahoo of Microsoft's bid and higher energy issues are limiting losses. Elsewhere, Loews Corp. missed the Street's profit estimate, Motorola and Nortel Networks are reportedly in talks to combine their wireless infrastructure businesses, and Dow Jones & Co. will replace two of its Dow members.

 

In late morning trade, the Dow fell 40.72, or 0.33 percent, to 12,141.41. Broader stock indicators were mixed. The Standard & Poor's 500 index fell 1.07, or 0.08 percent, to 1,330.22, and the Nasdaq composite index rose 8.05, or 0.35 percent, to 2,312.90.

Bond prices rose Monday. The yield on the benchmark 10-year Treasury note fell to 3.61 percent from 3.65 percent late Friday.

The dollar was mixed against other major currencies, while gold prices rose.

Light, sweet crude oil rose 20 cents to $91.97 per barrel on the New York Mercantile Exchange.

Friday’s Top Performing SmallCapVoice.com stocks:

EFuel EFN Corp.  (Pink Sheets:EFUL) was SmallCapVoice.com’s top performer for 2/8/08 closing up 115% on trading volume of 476,000 shares.

 

Preservation Sciences, Inc. and EFUL Network, Inc. announced the execution of a definitive agreement to consummate a merger whereby Preservation has agreed to acquire EFN as a wholly owned subsidiary and, in consideration, Preservation has authorized the issuance of one hundred fifty million preferred shares to existing EFN shareholders; which will not be registered under the Securities Act of 1933 or the securities laws of any state. The name of the new company is EFuel EFN Corp. It is now traded under the ticker symbol 'EFUL'.

 

Joseph Cillo, former president of EFN and the newly appointed chief executive officer of Preservation commented that "this provides for a tremendous opportunity for both Preservation and EFUEL's shareholders to capitalize on a diverse holding of internet communication and commerce sites within a public entity".

 

EFN was previously a privately held Florida corporation engaged in hosting various Internet sites including: Efuelstore.com, Outrageousencounters.com, preventpeerpressure.com, valimate.com, veritas.com, and I-nexsolutions.com.

 

Today’s Hot Stocks to Watch:

Sino Agro Food, Inc.  (Pink Sheets: SIAF) is today’s SmallCapVoice.com’s hot stock to watch.

 

SmallCapVoice is currently highlighting Sino Agro Food, Inc as a Featured Client.

 

The Company’s business activity is development and acquisition of viable agriculture related businesses in the People’s Republic of China and promotion and application of environmentally friendly technologies. Rapid industrialization in China over the last decade has materially strained the country’s agricultural industry (i.e. diminishing of agriculture land, scarcity of farm laborers, industrial pollution and the general over usage of chemicals, for example). As a result, relevant governmental authorities in China have in recent years sponsored many incentives and policies to revitalize and modernize the agricultural industry in China (i.e. protection of agriculture land, stringent laws governing the ownership and usage of agriculture land, tax incentives and strict enforcement of environmental laws, for example).

Management of the Company, which has many years of practical and professional experience in various sectors of the agricultural industry in China, believes that the company is positioned to take advantage of recent opportunities available to develop agricultural ventures in China. The company is a holding company that operates its business through its subsidiaries.

 

 

To get small cap and OTC stock quotes, company news, and much more please visit www.smallcapvoice.com. Don’t forget to sign up for our complimentary newsletter. Our newsletter comes out once a day in the morning and features great small cap stock news, audio interviews, investor fact sheets on quality small cap stocks and more. We will never share your email address and we use Constant Contact, the industry standard for ethical email distribution. This provider makes it just as easy to opt-out as it is to opt in guaranteed!

 

About SmallCapVoice.com

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.

Contact:

Stuart T. Smith

CEO

512-267-2430

ssmith@smallcapvoice.com
http://www.smallcapvoice.com