SOURCE: Stock Market Alerts

October 16, 2007 09:35 ET

Stock on the Move for Tuesday: PLTG! October 16, 2007

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

MIAMI, FL--(Marketwire - October 16, 2007) - Stock Market Alerts' performance stock list includes: Platina Energy Group, Inc. (OTCBB: PLTG), Tektronix Incorporated (NYSE: TEK), Genzyme Corporation (NASDAQ: GENZ), Schlumberger Limited (NYSE: SLB).

Platina Energy Group, Inc. (OTCBB: PLTG) continues its string of positive news, and investors should be watching this company closely. Early this morning, the company, a fast growing E & P Company, issued a press release announcing that it has entered into an earnest money contract to acquire 150 BOPD production in a 50% joint venture with Bowie Energy.

Great news for PTLG! Purchase contract, bank and joint venture financing are being finalized for scheduled closing this quarter. According to Blair Merriam, President of Platina, "This acquisition essentially insures profitability for the Company, we could not be more excited."

Blair Merriam additionally stated, "Quitman will give us steady cash flow, upside for reworking wells, and future new drilling locations. This is the first of a number of production acquisitions we are pursuing in East Texas. While waiting for the balance of support documentation on the previously announced letter of intent to acquire EWC, this is a nice opportunity that we did not expect to happen so quickly."

Investors are going to want to keep their eyes Platina Energy Group, which also announced last week that it has reached total depth on second natural gas well in Tennessee. The press release stated management reports excellent initial indications!

Also last week, the company reported that management will soon be announcing several acquisition prospects under joint venture arrangements with various Investor Groups! According to Blair Merriam, President and CEO of Platina, "We have about completed our due diligence on several producing field opportunities in Texas. Our intention is to make offers on these prospects with our joint venture partners providing the project financing allowing Platina to retain a carried interest for facilitating the acquisitions." According to Chip Langston, head of Platina Exploration Corp, a wholly owned subsidiary, "Our target is to have net interests from these acquisitions that would yield the equivalent of 500-1000 barrels per day of production to Platina by mid 2008."

Before the news was released, the stock closed Monday at Twenty Eight cents a share.

For Stock Market Alerts' in-depth profile of Platina Energy Group, visit

Other Stocks of interest yesterday were:

Tektronix, Inc. (NYSE: TEK) up 33.5% on 25.6 million shares traded. Tektronix is a leading supplier of test, measurement, and monitoring products, solutions and services for the communications, computer, and semiconductor industries -- as well as military/aerospace, consumer electronics, education and a broad range of other industries worldwide.

Genzyme Corporation (NASDAQ: GENZ) up 4.2% on 9.8 million shares traded. One of the world's leading biotechnology companies, Genzyme is dedicated to making a major positive impact on the lives of people with serious diseases. Since 1981, the company has grown from a small start-up to a diversified enterprise with more than 9,500 employees in locations spanning the globe and 2006 revenues of $3.2 billion.

Schlumberger Limited (NYSE: SLB) up 1.4% on 8.3 million shares traded. Schlumberger is the world's leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry.

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