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

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 Turn Lower on Weak Housing Data

Stocks skidded lower Thursday after a steeper-than-expected decline in existing home sales wiped away some of the market's optimism about upbeat earnings reports and heightening concern about the impact of the housing slump on economic growth.

The National Association of Realtors said sales resumed their decline in June after a slight rebound in May. Sales fell by 2.6 percent in June, well beyond the 1 percent drop economists had forecast.

In midmorning trading, the Dow Jones industrial average fell 137.76, or 1.18 percent, to 11,494.62.

Broader stock indicators also declined Thursday. The Standard & Poor's 500 index fell 10.84, or 0.85 percent, to 1,271.35, and the Nasdaq composite index declined 23.16, or 1.00 percent, to 2,302.72.

Oil is slightly higher with a barrel of light, sweet crude rising 86 cents to $125.30 on the New York Mercantile Exchange.

Bond prices are higher with the yield on the benchmark 10-year Treasury note at 4.06 percent from 4.12 percent from late Wednesday.

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

Tuesday’s Top Performing SmallCapVoice.com stocks:

Sunovia Energy Technologies, Inc. (OTC BB: SUNV) was a SmallCapVoice.com top performer for 7/23/08 closing up over 45% on volume of 206,880 shares.

Seven Arts Pictures plc (Pink Sheets: SAPXF) was a SmallCapVoice.com top performer for 7/23/08 closing up over 30% on volume of 11,885 shares.

Today’s SmallCapVoice.com Hot Stock to Watch:

Heartland, Inc. (OTC BB: HTLJ) is today’s hot stock to watch.

Heartland, Inc., a fast growing business with experience in fabricated metals and retail, has secured financing for the acquisition of the Lee Oil Company including Lee Food Marts and Lee Enterprises through Choice Financial Group of Grand Forks, North Dakota. The agreement calls for a loan in the amount of $3,250,000 at a fixed rate of 7.75% for three years. The loan will be secured primarily by assets of the purchased Lee Oil Company.

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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.

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Stuart T. Smith

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