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

Stocks reversed early gains Tuesday and moved lower after a private research group said consumer confidence unexpectedly fell in June.

Investors had been expecting the Conference Board's measure of consumer sentiment to hold steady following big jumps in April and May. Consumer confidence is closely watched because spending from consumers accounts for more than two-thirds of U.S. economic activity.

The Conference Board said its Consumer Confidence Index now stands at 49.3, down from 54.8 in May. Economists surveyed by Thomson Reuters had projected confidence would be virtually unchanged at 55.

After months of economic data showing that the recession was not getting worse, investors are hungry for signs that the economy is actually growing. Investors have grown weary and nervous that the economy's rebound won't be as robust as hoped.

Those concerns have stalled a three-month advance in the market that brought stocks up more than 30 percent off of 12-year lows reached in early March.

The market still had a stellar quarter, with the benchmark Standard & Poor's 500 index rising 16.2 percent over the April-June period as of Monday's close. That would mark its best quarterly performance since a nearly 21 percent jump in the fourth quarter of 1998.

In late morning trading, the Dow Jones industrials are down 97.49, or 1.1 percent, to 8,431.89 after earlier rising as much as 31 points. The S&P 500 index fell 10.67, or 1.2 percent, to 916.56, while the Nasdaq composite index fell 11.96, or 0.7 percent, to 1,832.10.

Yesterday’s Top Performing Small Cap stock:

Mantra Venture Group Ltd. (OTC BB: MVTG) was a SmallCapVoice.com top performer closing up over 12% on trading volume of 12,050 shares.

Mantra, through its group of sustainable energy, carbon recycling and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.

Today’s SmallCapVoice.com Hot Stock to Watch:

Alkane, Inc. (Pink Sheets: ALKN)

Alkane, Inc. announced today that its flagship product, alternative diesel fuel additive, Monster DieselTM, is “going digital”, launching an entirely renovated interactive Web site and signing on with social media tools Twitter, Facebook, and MySpace.

The newly launched MonsterDiesel.com enables users to quickly and easily purchase products online, while the social networking sites will be utilized as a means to invite conversation on the company’s ongoing alternative energy product innovations.

With Monster DieselTM announcing new product innovations all the time, the company is surely one to follow. Executives say they plan to announce breaking developments in real time “tweets” to their Twitter followers.

According to the Energy Information Administration’s International Energy Outlook 2008, the world “will require 50% more energy in 2030 than it did in 2005... almost all of which will be derived from synthetic and bio fuel sources.” Alkane’s proprietary synthetic-fuel products will surely play an integral role in this transformation.

Small Cap Stocks Making News:

Green Star Alternative Energy, Inc. (Pink Sheets: GSAE) announced that it is moving towards compliance with the U.S. Securities and Exchange Commission (SEC) and becoming a fully reporting entity. The Company plans to respond, this week, to the SEC request to file an amended Form 10. Subsequently, GSAE will obtain a listing on NASDAQ’s OTC Bulletin Board.

Uranium Hunter Corporation (OTC BB: URHN): Sparrowtech Resources, Inc. (PINK SHEETS: SPMC) announced today that it has entered into option agreements with Converge Global, Inc (PINK SHEETS: CVRG) and Uranium Hunter Corp. on its recently acquired Eagle Nest Mining Property in La Paz County, Arizona.

International Aerospace Enterprises, Inc. (OTC BB: IARO) today announced that the company has been Awarded a $750,000.00 USD bid award for military aircraft spare parts by the Egyptian Air Force. The award is immediate evidence that the company’s International Targeted Sales Strategy is right on target as reported in the June 18, 2009 news release titled “International Aerospace Enterprises Inc. Launches Targeted Worldwide Sales Program.” Mr. John Peck, IARO’s CEO, reported, “The initial sales to the Egyptian Air Force is the first of over $13 million USD in our international sales pipeline.”

HearAtLast Holdings, Inc. (PINKSHEETS: HRAL) a leading provider of hearing solutions through their Hearing Stores, is pleased to announce its exclusive distribution agreement with ExSilent for Canada. With this new virtually invisible device touted as the “World’s Smallest standard fitting CIC,” we are confident that this will reach the untapped first-time buyer and more youthful hearing

impaired market.

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