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

The Nasdaq turned lower on Thursday, and the Dow and the S&P 500 cut gains, as a sell-off in big-cap technology and telecommunications companies weighed.

Weekly claims for unemployment benefits unexpectedly dropped last week to their lowest level since January. And many retailers, including Wal-Mart Stores Inc., are reporting better-than-expected April sales.

The reports come as investors await the formal release of results from the government's stress tests of bank balance sheets. The release is expected after the closing bell.

Federal Reserve Chairman Ben Bernanke, at the start of trading, called for a holistic approach to strengthening oversight of the banking system to prevent future financial crises. He said regulators must sharpen their assessments of individuals banks and also examine the financial system as a whole to detect risks that could endanger the normal flow of credit, market operations and commerce.

The Dow Jones industrial average was down 27.48 points, or 0.32 percent, at 8,484.80. The Standard & Poor's 500 Index was down 2.29 points, or 0.25 percent, at 917.24. The Nasdaq Composite Index was down 26.25 points, or 1.49 percent, at 1,732.85.

Yesterday’s Top Performing SmallCapVoice.com stocks:

American Green Group (Pink Sheets: AMNE) was a SmallCapVoice.com top performer moving up over 65% on trading volume of 191,846,603 shares.

American Green Group, Inc. announced today that it has decided to move forward with a 5 for 1 forward stock split instead of creating a Preferred Dividend.

The record date shall be June 1, 2009. All shareholders of record as of that date will be entitled to the forward split. The Company will work closely with its counsel, the transfer agent and DTC to make sure the split goes off without a hitch.

The Company would also like to go on record as saying that current management has no plans of doing a reverse split in the future as they see that counterproductive to the forward split. The Company will use funds generated from sales of Paradigm to announce future stock buy-backs.

Today’s SmallCapVoice.com Hot Stocks to Watch:

ZAGG, Inc. (OTC BB: ZAGG)

ZAGG Inc., a leading producer of mobile electronics accessories including the popular invisibleSHIELD™, announced a significant increase in business generated through their mall cart program. The program brings ZAGG’s product lines to major mall locations throughout the United States.

The mall cart division of ZAGG was founded in 2006 with the first location in the Fashion Place Mall in Salt Lake City, Utah. By the end of 2008, the program had grown to a total of 37 carts in 13 States. In 2009, the division expects to expand to 80 carts, and has secured 12 locations for 49 total by the end of the first quarter. Most of the carts are independently owned and operated by customers who became interested in the invisibleSHIELD.

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE)

Green Star Alternative Energy, Inc. recently announced discussions with Gamesa -- one of the world's preeminent wind turbine manufacturers. The Green Star/Notos JV is negotiating with Gamesa on cooperation for the development of prospective wind power facilities.

Gamesa is one of the main wind turbine manufacturers worldwide and a leader in design and development. The company has installed more than 16,000 MW of its main product line in 20 countries spread out over 4 continents. However, manufacturing is only a part of its corporate mandate -- the Gamesa Business Unit has the mission of developing and building wind farms. This vertically integrated organization provides Green Star with a significant collaborative effort to advance the Company's expansion plans.

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