SOURCE: Wall Street News Alert

August 15, 2005 09:50 ET

Breaking Traders Alert: Emerging Public Company Secures Up to $10 Million Financial Commitment!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- August 15, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTC: UCPI), Exxon Mobil Corporation (NYSE: XOM), NVIDIA (NASDAQ: NVDA) and Texas Instruments Incorporated (NYSE: TXN).

Unicorp, Inc. (OTC: UCPI) should be appearing on the radar screen of aggressive investors and day traders again this morning! Friday after the stock markets closed, the company issued a press release announcing that it that it has secured up to $10,000,000 financial commitment from Cornell Capital Partners LP.

Word of the financial commitment could be big news to investors! The Standby Equity Distribution Agreement commits Cornell to provide up to $10 million of funding to Unicorp over a 24-month period, to be drawn down at the Company's discretion by the sale of the Company's common stock to Cornell, subject to certain terms and conditions that must be satisfied, including a registration statement registering the issuance of such shares being filed and declared effective by the Securities and Exchange Commission.

Continue to watch this company! Carl A. Chase, CFO of Unicorp, stated, "We are pleased to have received this funding commitment which we intend to use to continue to expand our drilling prospects. We remain committed and focused on creating long-term shareholder value."

Investors should continue to monitor the progress of Unicorp for further developments!

For updated in-depth coverage and a company profile of Unicorp, visit http://www.backissuesofnewsalerts.us/UCPI0814.html

Prior to Friday's press release, the stock closed at Ninety Five cents a share.

In case you are not familiar with the companies: Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.

Managed by US based Yorkville Advisers LLC, Cornell Capital Partners, LP is a key player in structuring and executing equity agreements. Facilities similar to this Standby Equity Distribution Agreement are widely utilized by companies in the USA, UK and Australia. To date, the Cornell group has made available in excess of $800 million for over 100 publicly traded corporations.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Exxon Mobil Corporation (NYSE: XOM) up 0.1% on 14.7 million shares traded, NVIDIA (NASDAQ: NVDA) up 6% on 19.1 million shares traded and Texas Instruments Incorporated (NYSE: TXN) down 2.8% on 12.2 million shares traded.

Commentary:

"The Commerce Department reported that the trade deficit is running higher than last year's all-time record. The trade deficit rose to $58.8 billion in June, an increase of 6.1 percent from the May deficit of $55.4 billion," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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