Austin, TX 8/15/2008 12:17:09 AM
News / Business

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 Are Higher As Investors Scoop Up Beaten Down Financials

 

Wall Street moved sharply higher Thursday as investors took advantage of bargains in financial stocks after two straight days of heavy declines.

 

In late morning trading, the Dow jumped 102.67, or 0.89 percent, to 11,635.63.

The Standard & Poor's 500 index rose 5.61, or 0.44 percent, to 1,291.44, and the Nasdaq composite index rose 18.62, or 0.77 percent, to 2,447.24.

Bonds edged higher after the Labor Department's data. The yield on the benchmark 10-year Treasury note, which moves opposite its price, dipped to 3.91 percent from 3.94 percent late Wednesday.

The dollar fell against other major currencies, while gold prices also fell.

Oil prices fluctuated, and had little discernible impact on stock trading. Light, sweet crude rose 0.04 cents to $116.04 a barrel on the New York Mercantile Exchange.

 

Wednesday’s Top Performing SmallCapVoice.com stocks:

uKarma Corporation (OTC BB: UKMA) was a SmallCapVoice.com top performer for 8/13/08 moving up over 9% on trading volume of 119,900 shares.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Mantra Venture Group Ltd. (OTC BB: MVTG) is today’s hot stock to watch.

 

Mantra Venture Group Ltd. is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. ("E.S.D.") of the Peoples Republic of China. The Exclusive Distribution Agreement will allow Mantra to bring a number of innovative new products into the North American marketplace. These products are of interest to Mantra because they will contribute to a cleaner, greener world and to the reduction of carbon dioxide from day-to-day human activities.

E.S.D. (website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable solar energy products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.

The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra.

Mr. Dan Funaro, a member of Mantra's Corporate Advisory Board has traveled to China a number of times to establish the relationship and to explore how Mantra will work with its partner. "This is not about specific products, it is about creating a two-way communication channel about green, sustainable, renewable products that will benefit both parties over the years", he said.

Mantra China will selectively import chosen products which it sees as value to the North American market and will ensure that they are reviewed, tested and approved for use in North America. These products will then be launched, and subsequently driven to achieve their niche in the marketplace. In addition, Mantra China will represent the various other Mantra subsidiaries in taking their new "green" technologies generated by Mantra in North America, into China.

Larry Kristof, Mantra's C.E.O., commented "in making this agreement with E.S.D. we have become aware of the remarkable resources that exists in this company and in China generally. We intend to mine the innovative technologies being developed there and to ensure their exposure to the wider world. This is true two-way trade, and it supports the Mantra vision: sustainable, renewable and profitable."

 

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