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

Wall Street opened higher Friday, as investors looked past another bleak jobs report and hung their hopes on an economic stimulus plan getting approved.

The Labor Department said U.S. employers slashed 598,000 jobs in January, the most since late 1974. The unemployment rate rose to 7.6 percent, the highest since late 1992.

Jobs are important to the stock market because if people are unemployed, they aren’t likely to maintain their spending, buy a house or keep up with their debt payments. And three of the biggest problems facing the economy are dampened consumer spending, the housing market’s slide and accelerating loan defaults.

The Obama administration is aiming to turn the economy around with a stimulus package for individuals and businesses. The Senate is expected to vote Friday on the stimulus bill, currently valued at $937 billion. A similar version already passed the House.

Stocks have been getting a lift on expectations the plan will pass, but there has nevertheless been a palpable lack of commitment by investors.

All the major indexes rose more than 1 percent, including the Dow Jones industrial average, which rose 133 points.

Yesterday’s Top Performing SmallCapVoice.com stock:

Advanced Medical Isotope Corporation (Pink Sheets: ADMD) was yesterday’s SmallCapVoice.com top performer moving up over 22% on trading volume of 6,100 shares.

L&L International Holdings, Inc. (OTC BB: LLFH) was another SmallCapVoice.com top performer moving up over 23% on trading volume of 400 shares.

Today’s SmallCapVoice.com Stock to Watch:

Omega Commercial Finance Corporation (Pink Sheets: OCFN) is today’s hot stock to watch.

Omega Commercial Finance Corporation announced that it has initiated the implementation of its 2009 business plan with the strategic expansion of three new divisions for its core operations. These new divisions are as follows:

Omega Capital Markets: The initiative of this division shall be to invest capital for the purpose of purchasing commercial loans, leveraged loans, commercial real estate mortgages and trade loans at incredibly deep discounts.

Omega Private Bancorp Equity: The primary focus of this division will be to find and fund private equity bank transactions that will help generate cash flow needed by regional banking institutions.

Omega Business Credit: This division will service the needs of small businesses and corporate owners who are in need of working capital but have been cut off by traditional forms of loans and credit lines due to the tightening of credit and loans by banking institutions.

A full version of the press release can be viewed at: http://smallcapvoice.com/blog/omega-commercial-finance-creates-three-new-divisions-to-take-advantage-of-current-economic-conditions/

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