WESTON, FL -- (MARKET WIRE) -- 03/07/08 -- Wall Street News Alert's "stocks to watch" this morning are: ALL Fuels & Energy Company (OTCBB: AFSE), Smith Micro Software, Inc. (NASDAQ: SMSI), Tessera Technologies, Inc. (NASDAQ: TSRA) and EXACT Sciences Corporation (NASDAQ: EXAS).
Committed to its strategy of growing its ethanol production to 500 million gallons of annual ethanol production, investors looking to possibly benefit from the energy sectors should have their eyes on ALL Fuels & Energy Company (OTCBB: AFSE). Thursday after the markets closed, the company, a development-stage ethanol company organized to operate as an ethanol producer, issued a press release announcing that it has completed an engineering assessment on a potential acquisition.
Great news for AFSE investors! This assessment is the first step in evaluating the funding and operational requirements of a merger candidate. The company expects to thoroughly evaluate this assessment and anticipates it will make a formal offer in the near future. According to the release, ALL Fuels & Energy's pursuit of this acquisition is in line with the company's business plan for acquiring and building 500 million gallons of annual ethanol production.
Investors are urged to continue to monitor the progress of the company! ALL Fuels & Energy Company (AFSE) is a development-stage ethanol company organized to operate as an ethanol producer, focusing primarily on the production and sale of ethanol and its co-products. To date, AFSE has: obtained $2 million in private equity funding; purchased 150 acres on which to build its proposed ethanol production facility in Manchester, Iowa; signed a five-plant engineering and design agreement; engaged Natural Resources Group to handle water-related environmental matters relating to the proposed Manchester ethanol production facility; engaged Yaggy-Colby to handle air-related environmental matters relating to the proposed Manchester ethanol production facility; and investigated and become involved in the potential acquisition of one or more existing ethanol production facilities.
Before the news was released, the stock closed Thursday at Forty cents a share.
For Wall Street News Alert's in-depth profile of ALL Fuels & Energy Company, visit http://www.WallStreetNewsAlert.com/HotStocks/AFSE030608/default.aspx.
Smith Micro Software, Inc. (NASDAQ: SMSI) up 28.5% on 3.5 million shares traded. Smith Micro Software, Inc., headquartered in Aliso Viejo, California, with offices in Europe and Asia, develops and markets wireless multimedia and communication solutions, mobile device management products, image and data compression solutions and many award-winning software products.
Tessera Technologies, Inc. (NASDAQ: TSRA) up 9.9% on 9.2 million shares traded. Tessera Technologies, Inc. is a leading provider of miniaturization technologies for the electronics industry.
EXACT Sciences Corporation (NASDAQ: EXAS) up 44.9% on 4.2 million shares traded. EXACT Sciences Corporation uses applied genomics to develop effective, patient-friendly screening technologies for use in the detection of cancer.
Market Commentary: "Home foreclosures spiked to an all-time high in the final quarter of last year and are likely to continue on rising. In a quarterly snapshot of the mortgage market released Thursday, the Mortgage Bankers Association said the proportion of all mortgages nationwide that fell into foreclosure shot up to a record high of 0.83 percent in the October-to-December quarter. That surpassed the previous high of 0.78 percent set in the prior quarter," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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