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

Stocks resumed their slide Thursday, as China deflated investors' hope that the country will boost spending.

Chinese Premier Wen Jiabao said the government's stimulus plan would help the world's third-largest economy grow by 8 percent this year, but stopped short of promising new stimulus measures.

The hope that China would unveil more government spending was a major trigger for the stock market's bounce Wednesday. The rally followed a five-day pummeling that left the market at its lowest levels since 1997.

Another piece of gloomy news: General Motors said in its annual report that auditors raised serious doubt about the automaker's ability to continue operating. GM has already received $13.4 billion in federal loans, and is seeking a total of $30 billion from the government. GM fell 25 cents, or 11.4 percent, to $1.95.

The Dow Jones industrial average is down 136 points at 6,739. The Standard & Poor's 500 index is down 15 at 697, and the Nasdaq composite index is down 22 at 1,331.

Yesterday’s Top Performing SmallCapVoice.com stock:

ZAGG Inc. (OTC BB: ZAGG) was a SmallCapVoice.com top performer moving up over 17% on trading volume of 164,249 shares.

ZAGG Inc. designs, manufactures, and distributes protective clear coverings and accessories for consumer electronic and hand-held devices worldwide under the brand names invisibleSHIELD® and ZAGGaudio™. The invisibleSHIELD is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices, and other items. The patent-pending invisibleSHIELD application of clear protective film covering a device is the first scratch protection solution of its kind on the market and has sold millions of units. Currently, ZAGG offers over 3,000 precision pre-cut designs with a lifetime replacement warranty through online channels, big box retailers like Best Buy, resellers, college bookstores, Mac stores and mall kiosks. The company continues to increase its product lines to offer additional electronic accessories and services to its tech-savvy customer base.

Omega Commercial Finance Corporation (OTC BB: OCFN) was another SmallCapVoice.com top performer moving up over 146% on trading volume of 132,800 shares.

OCFN soared 146% amid the signing of a LOI to acquire a Commercial Real Estate Project Valued at $7,500,000.

Omega Commercial Finance Corporation announced its signing of a Letter of Intent to acquire through a share exchange agreement the Sterling Mine commercial real estate project located in Tuxedo Park, NY

The Sterling Mine commercial real estate project is comprised of 30,654 sq. ft. of office and retail space located on 4.8 acres of prime real estate in Tuxedo Park, NY. The project is currently close to 75% completion and will be primarily compromised of retail space with adjoining office facilities. As of this date, Omega has been furnished with executed letters of intent with 5 year occupancy terms by a local leasing agent. These letters currently represent an occupancy rate of 84% upon completion of the project.

Tuxedo Park, NY. is highly coveted as a bedroom community for New York City, which is an approximate thirty-five minute commute. Situated on the cusp of New York and New Jersey, the area evidences a median residential sales price of $500,000, which is the fifth highest residential market in the State of New York. While overall growth in the U.S. housing market has become stagnant, there is still ongoing residential development in Tuxedo Park, which attests to the anticipation of continued growth in that area.

Today’s SmallCapVoice.com Hot Stocks to Watch:

Solargy Systems Inc. (Pink Sheet: SLGS)

Solargy Systems Inc. is a systems integrator of alternative energy technologies. Solargy Systems Inc. also is actively seeking power purchase agreements (PPA) and expects to secure PPAs in the months ahead. The technologies used will provide solutions to the high cost of energy in emerging markets by selling and installing small power systems ranging from 1 MW for large commercial applications to 20 MW and larger hybrid systems by using combinations of solar and wind or waste and solar. The combinations used will be determined by local conditions.

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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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