QualityStocks.net "Top Movers and Shakers" for 5/16/2008

QualityStocks.net would like to highlight Asta Funding, Inc. (ASFI) as "One to Watch". Asta Funding, Inc. appears poised to capitalize on the continued trend of rising consumer defaults, that has shown no sign of a turnaround anytime soon, Asta Funding, Inc. has positioned itself to benefit from the effect of a worsening credit market through the purchase, management and, and service for distressed performing and non-performing consumer receivables. It acquires, manages, collects, and services portfolios of consumer receivables, including charged-off receivables, semi-performing receivables, and performing receivables, making the beleaguered credit and mortgage markets a potential boon for the company and its investors.

On Thursday of last week, QualityStocks.net highlighted Joytoto USA, Inc. (JYTO) as "One to Watch" at $0.45. (JYTO) closed today at $0.61 on heavy volume with 173,100 shares traded. Joytoto USA, Inc. recently announced that it had entered into a definitive agreement to acquire Joyon Entertainment, Inc., which is in the online games and electronics manufacturing businesses. In late October of last year the company announced it would change its name and stock symbol to Joytoto USA, Inc. (JYTO) through the completion a one for forty reverse split of the Company's common stock. Joytoto USA, Inc. operates through two major business segments. First, the company manufacturers digital consumer multimedia products such as MP3 players. Second, it develops and distributes online interactive video games.

China Precision Steel, Inc. (CPSL) previously at $4.34 up 37% at $5.97 with 23,670,353 shares traded was highlighted by WallStreet Grand, StockEgg.com, OTC Stock Alert, HotOTC.com, Knobias, Penny Stock Solutions, OTC Picks, Small Cap Investor. China Precision Steel, Inc. announced this month that 2008 third Fiscal Quarter Highlights included revenue growth of 61.3% year-over-year to $18.7 million. Gross profit increased 58.0% to $5.3 million and gross margin was 28.4% Income from operations increased 136.9% to $4.4 million , Net income was $4.6 million, or $0.10 per fully diluted share, up 231.1% year-over-year, Exports accounted for 19.0% of revenue, up from 2.3% a year ago.

Puda Coal, Inc. (PUDC) previously at $0.53 up 13% at $0.60 on heavy volume with 2,031,272 shares traded was highlighted today by Micro-Cap Opportunity, Stock Stars, HotOTC.com, Knobias, Microcap alliance and Stand Out Stocks. Puda Coal, Inc. today announced solid First Quarter 2008 Highlights, which included a Net revenue increase of 35% at a record $50.6 million, Operating income totaled $6.2 million, down 1.4% from the first quarter of 2007, Net income increased 11.6% year over year to $4.3 million, Adjusted net income rose 12.8% to $4.1 million, Sales of cleaned coal totaled 576,000 metric tons (MT), up 23.3% from the first quarter of 2007.

Cannon Exploration Inc. (CNEX) previously at $4.10 up 12% $4.40 with 72,229 shares traded was highlighted by OTC Stock Exchange, Sizzle Stocks and OTC Picks. Cannon Exploration Inc. shares hit the $7.25 mark this week, followed by some profit taking yesterday which saw the stock retrace back to the $2.45 range. Investors took note of the lower stock price today and responded with another round of buying today, which saw shares rise again today, closing at $4.40. Investors have rode this week’s wave of momentum created by the announcement that Cannon has entered into a Letter of Intent (LOI) agreement with IPMG Inc., an Ontario mineral resource exploration company, whereby IPMG has agreed to grant to Cannon Exploration Inc. an option to purchase up to 100% interest in the old "Queen Alexandria" gold mine, located in Northern Ontario.

Hoku Scientific Inc. (HOKU) previously at $8.12 up 8% at $8.46 with 274,731 shares traded was highlighted by Momentum Traders, StockEgg.com, Barchart, Knobias, OTC Picks Small Cap Investor, Energy and Capital and Zacks. Hoku Scientific Inc. announced yesterday that The Hawaii Public Utilities Commission approved a contract for Hawaiian Electric Company to purchase power from a photovoltaic (PV) power system that Hoku Solar, Inc., will install on the roof of Archer Substation at Hawaiian Electric's Ward Avenue facility. The 218-kilowatt PV system is expected to be in service by the end of 2008.

China Organic Agriculture, Inc. (CNOA) previously at $1.34 up 6% at $1.43 with 682,730 shares traded was highlighted by Stand Out Stocks, Stock Stars, Knobias, HotStocksRus, AheadoftheBulls, Shazam Stocks, Wall Street Savant, AheadoftheBulls, Wall Street Grapevine, Boon Market, Micro Cap Money, Small Cap Voice, Stock Up Ticks, Triple Crown Stocks, PamplonaPicks.com OTC Stock Exchange and Vigilant Trader. China Organic Agriculture, Inc. shares were helped after the company announced its operating results for the quarter ended March 31, 2008. China Organic Agriculture, Inc. saw a 83% increase in Net sales for the first quarter of 2008 to $7.5 million compared to $4.1 million for the first quarter of 2007. First quarter net income was $1.0 million, compared to $1.7 million for the first quarter of 2007, with earnings per share decreasing to $0.02 per diluted share compared to $0.03 per diluted share for the comparable period of 2007.

JayHawk Energy, Inc. (JYHW) opening today at $2.31 up 4% at $2.42 with 364,626 shares traded was highlighted by Schaeffers Research, Hot Stix, Inc., FRT Alerts, Newsletter Advisors, Investor Spec Sheet, Another Winning Trade, Chart Advisors, Raging Stocks, Emerging Markets. JayHawk Energy, Inc. continues to secure interests in the Uniontown, Crawford and Bourbon counties of Kansas, announcing the signing of a purchase & sale agreement with Titan West Energy, Inc., a private company, to acquire additional acreage and assets in Crawford County Kansas. JayHawk Energy, Inc. announced it had acquired a 100% working interest in fourteen (14) completed coal bed gas wells & PNG (Petroleum & Natural Gas Rights) and thirteen hundred, thirty-six (1,336) acres of leases for $300,000 and 50,000 shares of the Company’s common stock. The land base in this acquisition is contiguous to and strategically additive to the Girard project which previously closed on March 31, 2008.

QualityStocks.net would like to highlight Global Roaming, Inc. (GRDB) as "One to Watch" closing today at $4.00 (GRDB) was recently highlighted by Knobias Clip Report. Global Roaming, Inc., announced a number of new features and improvements to the Company ' s flagship product, the CELTREK TM SIM Card. This innovative SIM Card provides full-service international roaming coverage effectively and without expensive fees. CELTREK TM has two sets of benefits over any of its competition. The first is direct and simple: It is cheaper for users. Global Roaming Distribution has planned a customer-focused pricing system that offers discounts up to 90% on comparable charges levied by most local carriers.

QualityStocks.net would like to spotlight Hybrid Technologies, Inc. (HYBR). Hybrid Technologies, Inc. announced exciting news regarding company plans to create a platform to offer a number of financing options, including unsecured personal loans, secured loans and lease options to customers looking to purchase emission-free vehicles. As gas prices continue to rise worldwide, consumer have become more open to the electric vehicles concept, which is evidenced in longer waiting periods to purchase a hybrid or electric vehicles from a dealership. Hybrid Technologies has again proven itself to be ahead of industry trends through its partnership with a leading provider of commercial and consumer financing options to provide various options to offer customers multiple finance options to purchase any of the company's emission-free, all electric vehicles.

QualityStocks.net would like to highlight Destination Television, Inc. (DSTV) as "One to Watch" previously at $0.03 up 60% at $0.04 with 23,663 shares traded. Destination Television, Inc. announced this month that it has entered into an agreement with PharmaseeTV, which is owned by SlipStream Video Corporation, which gives Destination Television the exclusive right to sell local advertisements on the PharmaseeTV network. The PharmaseeTV network airs as part of the health and wellness content network, and provides remote, custom edited content and advertising delivery platforms to high traffic out-of-home (OOH locations), such as medical and dental offices. Destination Television will now offer PharmaseeTV to bolster its lineup, which broadcasts on Bar TV, Gym TV, and Hotel TV, which air first run movie trailers and new music videos.

QualityStocks.net would like to highlight a new client MedeFile International, Inc. (MDFI) previously at $0.11 up 9% at $0.12 with 12,200 shares traded. MedeFile International, Inc. announced that they have agreed with QualityStocks to be featured in The Small Cap QualityStocks Daily Newsletter, Daily Internet broadcast with Cathy Rankin, Vanessa Ramirez and Jenn Hoffman and QualityStocks Daily Blogs and Message Boards. MedeFile International, Inc. announced this month that Personal Choice Family Practice, a new concierge medical practice based in Jupiter, Florida, is teaming with MedeFile to empower their patients with personal convenience and control over the management of their individual and family members' medical records. MedeFile's primary product is the MedeFile system, a highly secure system for gathering and maintaining medical records. The MedeFile system is designed to gather all of its members' actual medical records and create a single resource

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