SOURCE: Stock Market Alerts

May 24, 2007 08:50 ET

Stock Market Alerts: Special Alert Issued for HMIT! May 24, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - May 24, 2007) - Stock Market Alerts' performance stock list includes: Hidalgo Mining International (PINKSHEETS: HMIT), Forest Laboratories, Inc. (NYSE: FRX), NovaStar Financial Inc (NYSE: NFI), Biogen Idec Incorporated (NASDAQ: BIIB).

Hidalgo Mining International (PINKSHEETS: HMIT) is a new stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, an innovative coal mining company with coal properties located in Northern Mexico, issued a press release this morning announcing that it will begin Phase-One of mining on its 50,000 acre coal plot as a direct result of finalizing an agreement with McKim & Company, an investment banking organization, to obtain $10M in capital funding.

Great news for HMIT investors! The press release states that Initial output estimates generated from Phase One mining are intended to range from 20-50K tons on a monthly basis, resulting in 250-600K annual tons of revenue-generating coal production. The existing market rate for one ton of Bituminous coal is holding at $55.00 (fifty-five-dollars). With the estimated rate of mining, HMIT will produce annual revenues between $13.5-31.2M from its Phase-One output.

Pursuant to the terms of the agreement with McKim & Company to obtain funding, HMIT will receive an initial capital injection of $2M followed by subsequent installments of $4M. Initial funding will be implemented to immediately activate the aforementioned mining. The financing will be received from both institutional and strategic investors.

HMIT will subcontract an industry leader in the mining and extraction of high-grade coal to begin the Phase-One mining. Upon the receipt of the remaining capital infusion from McKim & Company, HMIT will obtain the necessary equipment to end its need for sub-contracting and begin the mining process within its own organization, hence reducing project costs and increasing bottom line figures.

This is certainly another company for investors to watch closely! "We are excited to finally 'break-ground' on a project that has consumed many hours of development and research. The HMIT team considers this to be a monumental milestone within the overall project scope of the organization. We are further pleased to have the investment and support of a respectable investment banking organization like McKim & Company and intend to provide notable results that will ensure the future of our company and its shareholders," stated Jeff Bootes, CEO of Hidalgo Mining International.

HMIT stock closed Wednesday at ninety two cents a share.

Hidalgo Mining International, an innovative coal mining company located in New York, NY, currently possesses over 50,000 acres of coal populated land located in Northern Mexico near the Texas border. Within an existing multi-billion dollar industry, HMIT strives to maintain corporate creditability while making aggressive moves to continue marketing its coal production on a global scale. HMIT management and directors hold an abundance of experience and knowledge in this rapidly growing industry that will ultimately result in the success of its ventures and longevity.

Other Stocks of interest yesterday were:

Forest Laboratories, Inc. (NYSE: FRX) up 2.1% on 12.2 million shares traded. Forest Laboratories is a US-based pharmaceutical company dedicated to identifying, developing and delivering products that make a positive difference in peoples' lives.

NovaStar Financial Inc (NYSE: NFI) up 16.4% on 8.6 million shares traded. NovaStar Financial, Inc. is a specialty finance company that originates, purchases, securitizes, sells and invests in nonconforming loans and mortgage-backed securities.

Biogen Idec Inc. (NASDAQ: BIIB) up 2.3% on 6.1 million shares traded. Biogen Idec creates new standards of care in therapeutic areas with high unmet medical needs. Founded in 1978, Biogen Idec is a global leader in the discovery, development, manufacturing, and commercialization of innovative therapies.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Hidalgo Mining International (PINKSHEETS: HMIT). The compensation was four thousand dollars in 2007 from third party, ATN Enterprises, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.

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