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

Stocks rose Friday as Wall Street cheered the positive news it had been hoping for: job losses slowed in April and big banks don't need as much capital as feared.

The Dow Jones industrial average gained more than 130 points in early trading, while broader stock indexes gained more than 1.5 percent.

The Labor Department said employers cut 539,000 jobs last month, the fewest in six months and much less than the 620,000 job losses analysts expected.

However, the unemployment rate climbed to 8.9 percent from 8.5 percent as many businesses refrained from hiring amid an uncertain economic outlook. Still, the market's overall reaction to the report was positive.

The jobs report added to investors' upbeat mood following the results of the government's stress tests of banks. The report, released after the market closed Thursday, said 10 of the 19 largest U.S. banks will need to raise about $75 billion in new capital as a buffer against losses if the economy worsens. Some investors feared the test results would show the big banks needed much more capital.

Yesterday’s Top Performing SmallCapVoice.com stocks:

ZAGG, Inc. (OTC BB: ZAGG) was a SmallCapVoice.com top performer moving up over 11% on trading volume of 296,901 shares.

ZAGG Inc., a leading producer of mobile electronics accessories including the popular invisibleSHIELD™, recently 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.

Defense Solutions, Inc. (OTC BB: DFSH) was a SmallCapVoice.com top performer moving up over 16% on trading volume of 319.920 shares.

Defense Solutions, Inc. an international project management firm and a wholly owned subsidiary of Defense Solutions Holdings, Inc., reports that the Company has filed its Annual Report on Form 10-K with the SEC today and the “E” that was added to its stock symbol for failing to file the Form 10-K on a timely basis is expected to be removed from its stock symbol shortly.

According to Defense Solutions’ Chief Executive, Colonel Tim Ringgold, U.S. Army (Retired), who is in Baghdad, “Defense Solutions regrets for failing to meet the timeframe in which to file its Form 10-K. However, as we enter a phase of tremendous growth and acclimate to public company status, we have taken the appropriate measures to secure the proper personnel in the appropriate positions to assure that going forward matters such as this are avoided. I thank our shareholders for their continued support.”

Additionally, the Company is pleased to announce continued progress on multiple fronts in its efforts towards assisting the Iraqi Government in its efforts to reequip their military and police as well as aid in the logistical details of several segments of commerce. “We look forward to sharing details of these events with our shareholders in the near future,” added Colonel Ringgold.

Today’s SmallCapVoice.com Hot Stock to Watch:

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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