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 Lower on Weak Retail Sales Report and a Rise in Oil
Stocks tumbled for a second session Wednesday after the government reported retail sales fell in July to their weakest levels in five months and as oil prices advanced.
In midmorning trading, the Dow fell 142.72, or 1.23 percent, to 11,499.75 after losing just under 140 points on Tuesday.
Broader stock indicators also fell. The Standard & Poor's 500 index fell 10.01, or 0.78 percent, to 1,279.58. The technology-heavy Nasdaq composite index fell 9.42, or 0.39 percent, to 2,421.19.
The Nasdaq's comparatively modest decline came after Applied Materials Inc. rose $1.02, or 5.6 percent, to $19.49 in response to its earnings report late Tuesday.
Light, sweet crude rose $2.31 to $115.32 a barrel on the New York Mercantile Exchange after the government said
Tuesday’s Top Performing SmallCapVoice.com stocks:
Mantra Venture Group Ltd. is pleased to provide an update on the progress of its ERC (Electro Reduction of Carbon Dioxide) technology at its laboratory. The following tasks have been completed to date:
- The preliminary process flow diagram has been reviewed and updated;
- Material compatible for the project have been reviewed;
- Major components have been selected and ordered;
- Electrochemical cells have been received from the University of
and
- A one year research and development schedule has been completed.
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In addition, assembly of the test rig is underway under the oversight of Mr. Norman Chow, the President of Kemetco Research Inc. Mr. Chow is highly experienced in serving his various clients in designing test and research protocols to achieve specific ends within budget and on schedule. In this project he is working closely with Professor Colin Oloman, one of the inventors and an individual who is very knowledgeable about the ERC chemistry and underlying processes. They have worked together previously and understand one another which allows them to easily communicate and to concentrate on the complexities required in the project.
Today’s SmallCapVoice.com Hot Stock to Watch:
GWS Technologies, Inc. (OTC BB: GWSI) is today’s hot stock to watch.
GWS Technologies, Inc., a renewable energy technology company developing and marketing solar and wind-powered alternative energy products and solutions, today announced that it is developing a carbon offset program to help individuals and businesses participate in becoming “carbon neutral” by reducing their “carbon footprint,” which is the total contribution to the carbon dioxide level from such activities as industrial energy consumption, home energy consumption, driving and flying. The program will include a web-based platform to allow individuals and businesses to calculate their carbon footprint and purchase carbon offsets. The company anticipates launching the platform in September 2008.
Carbon offsets are a way for governments, businesses and individuals to pay someone to reduce or remove global warming pollution by investing in alternative energy projects like wind farms or solar power generation. For example, when you buy one ton of carbon offsets, the seller guarantees that one fewer ton of global warming pollution is released into the atmosphere. While the pollution you produce yourself is the same, you get the credit for that one ton reduction (the average American is responsible for about 9.5 metric tons of carbon dioxide emissions annually).
“Since no one can live totally pollution-free, purchasing carbon offsets is a way for people and businesses to really contribute to reducing greenhouse gas emissions globally,” said GWS Technologies President Richard Reincke. “Just like the microgeneration movement, which allows people to generate their own electricity on a small scale, purchasing carbon offsets lets everyone take some personal responsibility for protecting the environment.”
In May 2008 the Energy Information Administration, which provides official energy statistics from the U.S. Government, stated that in 2004 the
The current American carbon market is unique because there is no federal legislation providing a comprehensive framework for carbon management. Experts predict that the North American carbon market could become a $1 Trillion per year market.
Investors have shown a renewed appetite for alternative energy stocks after the announcement last week by Billionaire investor T. Boone Pickens that he sold his entire stake in Yahoo, Inc. and now plans to make the
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