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

Wall Street's big March rally was officially on hold Monday after the White House rejected turnaround plans from General Motors Corp. and Chrysler.

Fears of an automaker bankruptcy have been looming over investors for months, and the latest developments made the market even more uneasy about the industry. GM is getting 60 days worth of financing to restructure, while Chrysler is getting up to $6 billion and 30 days to complete a deal with Italian automaker Fiat. The Obama administration also replaced GM's CEO Rick Wagoner with the company's chief operating officer, Fritz Henderson.

President Barack Obama is scheduled to make an official announcement at the White House later this morning.

In mid-morning trading, the Dow fell 267.06, or 3.4 percent, to 7,509.12. The Standard & Poor's 500 index fell 28.28, or 3.5 percent, to 787.66, while the Nasdaq composite index fell 57.58, or 3.7 percent, to 1,487.62.

Yesterday’s Top Performing SmallCapVoice.com stock:

GWS Technologies, Inc. (OTC BB: GWSC) was a SmallCapVoice.com top performer moving up over 50% on trading volume of 6,550 shares.

GWS stands for GreenWindSolar. GWS’s products and solutions are part of the new "microgeneration" movement that is transforming the way everyday people provide for their energy needs. Through a growing line of solar and wind-powered products ranging from handheld devices that can recharge an iPod to wind turbines for point-of-use alternative energy generation, GWS is leading the way in the emerging microgeneration marketplace.

Today’s SmallCapVoice.com Hot Stock to Watch:

ZAGG Inc. (OTC BB: ZAGG)

ZAGG reports 285% increase in revenue and $0.11 EPS for year end 2008

ZAGG Inc. leading producer of mobile electronics accessories including the popular invisibleSHIELD™, announces significant increase in revenues for 2008 and positive net income for the year and fourth quarter ended December 31, 2008.

Net sales for the three months ended December 31, 2008 were $7,330,791, an increase of 249% compared to net sales of $2,101,151 for the three months ended December 31, 2007. Net sales for the year ended December 31, 2008 were $19,791,603, an increase of 285% compared to net sales of $5,135,715 for the year ended December 31, 2007.

Gross profit for the fourth quarter of 2008 was $4,657,076, or 64% of sales, compared to $1,450,019, or 69% of sales, in the fourth quarter of 2007. Gross profit for the year ended December 31, 2008 was $13,197,885, or 67% of sales, compared to $3,794,865, or 74% of sales. We reported net income of $1,148,684 or $0.06 per share in the fourth quarter of 2008 compared to net income of $289,806 or $0.00 per share in the fourth quarter of 2008. We reported net income of $2,098,962 or $0.11 for the year ended December 31, 2008 compared to a net loss of ($759,511) or ($0.05) for the year ended December 31, 2007.

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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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