Austin, TX 4/23/2009 10:57:06 PM
News / Business

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

Stocks are slightly lower on weak housing data

Stocks are slightly lower on Thursday after data showed existing home sales fell 3 percent in March to a much lower-than-expected annual rate.

A real estate group says sales of previously occupied U.S. homes sank by an unexpectedly large amount from February to March, dashing hopes of a spring housing recovery.

The National Association of Realtors said Thursday that home sales fell 3 percent to an annual rate of 4.57 million last month, from a downwardly revised pace of 4.71 million units in February. Sales had been expected to fall to an annual pace of 4.7 million units, according to Thomson Reuters.

The median sales price plunged to $175,200, down 12.4 percent from $200,100 a year earlier, but up from $168,200 in February. While median sales prices typically rise slightly in early spring, the 4 percent monthly increase was larger than expected.

 

Yesterday’s Top Performing SmallCapVoice.com stocks:

 

Alkane, Inc.,  (Pink Sheets: ALKN) was a SmallCapVoice.com top performer moving up over 30% on trading volume 126,647 of  shares.

 

Alkane, Inc. recently exhibited at the 2009 National Biodiesel Conference & Expo in San Francisco, showcasing the company’s latest product offering, Monster Diesel™. The product was met with rave reviews from the press, industry experts, and leading scientists in the field of progressive energy technology.

 

Monster Diesel™ is a crude oil free diesel fuel additive which reduces emissions and increases mileage per gallon by as much as 15% when added to regular diesel fuel. The result: lessened environmental impact and cost of operating diesel powered vehicles, boats, and machinery.

 

Alkane, Inc. has effectively made a premium grade of diesel in a concentrate so powerful, it is portable. A quart of Monster Diesel™, when added to an 18-wheeler’s two tanks of regular diesel, essentially creates a premium grade fuel. Additional benefits of the product for individual companies, owners, and operators are extensive. Monster Diesel™ decreases engine wear and offers a comprehensive, cost effective solution to address each of the challenges common to diesel powered engines, all in one product. While there are a variety of diesel additives to address one or a few of these challenges, none are as powerful and complete as Monster Diesel™.

 

Today’s SmallCapVoice.com Hot Stock to Watch:

 

Attitude Drinks, Inc.  (OTC BB: ATTD)

 

Attitude Drinks Incorporated announced today the recent presentation of the latest scientific study validating health claims behind just! ‘Metabolic Health’™, Attitude Drinks’ functional milk drink set to launch in Spring, 2009. Leading researcher, Dr. Michael Zemel, responsible for the development of Innutria®, a functional ingredient found in just!™, presented his latest clinical trial revealing that one daily serving of Innutria® yielded a 300 calorie per day burn by individuals participating in the study. The strongest delivery of this ingredient to date occurs when blended with milk, as found in the formulation of just! ‘Metabolic Health’™.

 

Dr. Zemel’s presentation took place in New Orleans, LA at Experimental Biology on April 19, 2009. Specifically, the results showed the increase in fat oxidation (fat burn) of 1.4 grams per hour or 33.6 grams per day.

 

Roy Warren, CEO of Attitude Drinks Incorporated, commented, “This kind of ground breaking science is the basis for our functional milk drink innovation. We are delighted to be the first to make this important discovery available through our exclusive licensing agreement for Innutria® in dairy products.”

 

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