SOURCE: Wall Street News Alert

June 23, 2005 09:08 ET

Stocks on the Move! June 23, 2005

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

WESTON, FL -- (MARKET WIRE) -- June 23, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: LitFunding Corp. (OTC BB: LFDG), Ameritrade Holding Corp. (NASDAQ: AMTD), NASDAQ-100 Index Tracking Stock (NASDAQ: QQQQ) and Microsoft (NASDAQ: MSFT).

LitFunding Corp. (OTC BB: LFDG) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that with a recent commitment of a $250,000 line of credit to an East Coast law firm has already achieved its benchmark goal of attaining $2 million of new business by June 30, 2005.

Investors should continue to monitor the prospects of LitFunding for further developments! According to the company's press release, key milestones include:

--  Putting $1,172,500 in funding on the street
--  Processing $3 million in requested funds for 102 cases
--  $518,250 has been collected in principal and fees
--  Principal and fees paid back have reached 48%
--  $568,625 is owed in fees based on $720,000 remaining invested
--  Two Letters of Intent (LOI) of two LLCs for $5 million, with almost $1
    million already put out on the street, with an available $4 million based
    on letters of intent
--  Recent commitment of a $250,000 line of credit to an East Coast law
    firm
--  44 cases currently in the pipeline, with funding estimated to commence
    next quarter
    
These milestones could be great news for investors! "I am very pleased with our progress thus far," said Morton Reed, PhD, the Company's Chief Executive Officer. "Management is confident in our strategy moving forward.

"There is no guarantee that the Company will actually realize the potential receivables described herein. The potential receivables are management's estimate of the amount that could potentially be realized from the Company's litigation advances. However, actually collecting the anticipated level of receivables will be subject to several different factors, some of which are outside of management's control, including, but not limited to, the outcome of any particular matter and fees actually collected."

Keep your eyes on LitFunding!

For updated in-depth coverage and a company profile of LitFunding, visit http://www.backissuesofnewsalerts.us/LFDG0622.html

Prior to the news release, the stock closed at Forty Two cents a share.

In case you are not familiar with the company: LFC, through its wholly owned subsidiary LitFunding USA, remains one of the nation's largest public companies specializing in the funding of litigation primarily through plaintiffs' attorneys. The company is in the litigation funding business making advances to plaintiffs' attorneys primarily in the areas of personal injury. A fee is earned when the lawsuits so funded are settled or otherwise concluded by a court ruling. At that time, both the funds advanced and the fee contractually agreed to are repaid to the company.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Ameritrade Holding Corporation (NASDAQ: AMTD) up 20.5% on 86.6 million shares traded, NASDAQ-100 Index Tracking Stock (NASDAQ: QQQQ) down 0.1% on 75.2 million shares traded and Microsoft (NASDAQ: MSFT) down 0.3% on 60.5 million shares traded.

Commentary:

"The Energy Department stated that crude oil stock-piles in the U.S. fell by 1.6 million barrels to 327.4 million for the week ending June 17, and August oil contracts ended at $58.09 per barrel, off of the high of $59.46 on Tuesday," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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