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 pare gains following mixed readings on factory orders, housing, and service sector

Stocks pared some of their earlier gains Tuesday following disappointing readings on pending home sales and factory orders.

While investors expected the data to show further deterioration, they were hoping the pace of the declines would slow. The market is eager for signs that the U.S. recession will end this year.

The National Association of Realtors said Tuesday that pending home sales fell to the lowest level on record in November. The trade group said its seasonally adjusted index of pending sales for existing homes fell 4 percent to 82.3 from a downwardly revised October reading of 85.7 in October. That's worse than the reading of 88 that economists expected, according to Thomson Reuters.

Meanwhile, the Commerce Department said factory orders declined for a record fourth straight month in November.

One bright spot among the day's reports: the Institute for Supply Management said the U.S. services sector contracted at a slower pace last month. The trade group of purchasing executives said its services sector index rose to 40.6 in December from 37.3 in November. Wall Street economists had expected the index to slip slightly to 37.

The index continues to signal the sector is contracting, however. A reading below 50 signals contraction, while a reading above 50 indicates growth.

In midmorning trading, the Dow Jones industrial average rose 44.29, or 0.49 percent, to 8,997.18, after rising as much as 122 points prior to the readings. The Standard & Poor's 500 index rose 4.89, or 0.53 percent, to 932.34, while the Nasdaq composite index advanced 12.40, or 0.76 percent, to 1,640.43.

Yesterday’s Top Performing SmallCapVoice.com stocks:

Puritan Financial Group (Pink Sheets: PTNG) was yesterday’s SmallCapVoice.com top performer moving up over 84% on trading volume of 96,980 shares.

Montavo, Inc. (OTC BB: MTVO) was yesterday’s SmallCapVoice.com top performer moving up over 17% on trading volume of 18,100 shares.

Today’s SmallCapVoice.com Hot Stock to Watch:

Nexia Holdings, Inc.  (OTC BB: NXHD) is today’s hot stock to watch.

Nexia Holdings, Inc. reported that it generated a total of $2,113,943 (unaudited) in gross salon revenues for the year 2008.

Landis Salons, Inc. now held by Green Endeavors Ltd. (Other OTC: GRNE) a majority owned subsidiary of Nexia, reported gross revenue growth of 4.2% to $2,113,943 in 2008 compared to $2,025,281 reported for the same period of 2007.

The Salt Lake City Landis salon generated revenues of $1,829,381 (unaudited), a 2.7% decrease for 2008 compared to $1,879,798 reported the same period in 2007. The Bountiful Landis Salon's revenues for 2008 were $284,562 (unaudited), a 48.9% increase from the reported 2007 revenues of $145,483; this salon was acquired by Nexia during August of 2007.

A full version of the press release can be viewed at:

http://finance.yahoo.com/news/Nexia-Reports-Salon-Revenues-iw-13971928.html

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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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