Austin, TX 2/26/2009 12:19:12 AM
News / Business

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

Stocks are sharply lower as sales of existing homes fall to lowest level in nearly 12 years

Another steep drop in home sales has dashed some hopes that the housing market would start to show some improvement.

 

A real estate group's report that sales of existing homes fell in January to the lowest level in nearly 12 years is fanning a drop in stocks led by financial companies.

 

The National Association of Realtors says sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month, from 4.74 million units in December. It was the worst showing since July 1997. Wall Street had expected sales would rise.

 

The Dow Jones industrial average is down 140 at the 7,210 level. The blue chips had been down about 85 ahead of the report. The Standard & Poor's 500 index is down 16 at 757. The Nasdaq composite index is down 30 at 1,411.

 

Yesterday’s Top Performing SmallCapVoice.com stock:

 

Capital City Energy Group, Inc. (OTC BB: CETG) was a SmallCapVoice.com top performer moving up over 3% on trading volume of 14,500 shares.

 

Today’s SmallCapVoice.com Hot Stocks to Watch:

 

Access Beverage, Inc. (Pink Sheets: ABVI)

 

Access Beverage, Inc., a U.S.-based manufacturer and marketer of distinctive brands of wine and fine spirits, announced today that the company has entered into a Letter of Intent (LOI) with New Patagonia SA to acquire a forty-percent (40%) interest, contingent upon meeting performance requirements, in LAUQUEN® Natural Artesian Water. Under the terms of the agreement, Access Beverage is expected to acquire exclusive marketing and distribution rights, including import/export rights, joint ownership of all trademarks, future products and share in profits of the operation of LAUQUEN® in the United States, Canada and China. LAUQUEN® is the number one premium bottled water in several markets around the world, and was recently named one of the world's most luxurious and expensive bottled waters by Forbes Traveler Magazine.

 

Solargy Systems Inc (OTC BB: SLGS)

 

VOLUME ALERT: Trading volume in shares of SLGS have surged this week. Monday saw a 3-fold increase over the average daily volume. On Tuesday, the stock traded 4X normal volume and so far today the stock is trading over 6X its average volume.

 

Solargy Systems Inc. announced that they have received a signed letter of intent from Barron Properties to develop and install a solar farm utility site for the production of electricity via Solargy's branded solar panels. The site will be located in Wellington and the energy produced shall be sold pursuant to a power purchase agreement to Florida Power and Light for the term of no less than twenty years. The solar farm will consist of approximately 14,000 solar panels on the property and the interconnection of the solar units to the FP&L grid. The signed letter of intent for the solar panel installation is for $15,000,000.This project is in addition to a previously announced solar farm project in Chiefland, Florida.

 

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