SOURCE: Wall Street News Alert

May 23, 2006 09:48 ET

VTHC Is on the Move: Looks to Capture Significant Share of the $700 Million Global Tank Cleaning Market! May 23, 2006

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

WESTON, FL -- (MARKET WIRE) -- May 23, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Verdant Technology Corporation (PINKSHEETS: VTHC), CenterPoint Energy, Inc. (NYSE: CNP), BJ Services Company (NYSE: BJS) and EnCana Corporation's (NYSE: ECA).

Verdant Technology Corporation (PINKSHEETS: VTHC) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, an energy technology company that develops innovative solutions for the global energy industry, issued a press release announcing its acquisition of EnviroTank International L.L.C.

News of the acquisition should get the attention of investors! According to the press release, EnviroTank International L.L.C. has developed a crude oil recovery and tank cleaning system for the oil storage market that is set to revolutionize the way crude storage tanks are currently cleaned and recovered.

Investors should continue to monitor the progress of Verdant Technology! The press release also states that the EnviroTank technology is a unique solution that facilitates the fast recovery of valuable crude oil that collects as sludge at the base of floating roof oil storage tanks. In addition to the major financial advantages that this brings to tank operators, the system has significant environmental benefits as the need to dispose of hazardous sludge off-site is avoided and the emissions of volatile organic compounds (VOCs) into the atmosphere is eliminated.

The EnviroTank process is currently in the final stage of patent applications and is expected to achieve patent pending status in the near future.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Verdant Technology! "Verdant Technology Corporation is extremely excited to have acquired such a ground-breaking solution to the problem of oil storage tank cleaning and recovery. The environmental energy recovery and operating cost benefits that the EnviroTank system achieves are an ideal fit with Verdant's mandate of developing energy efficient technologies with environmental pay-off," said David Curd, CEO of Verdant Technology Corporation. "The innovative EnviroTank system should pave the way for the EnviroTank subsidiary to achieve industry standard applications in a number of key oil producing regions resulting in us capturing a significant share of the $700 million global tank cleaning market."

Prior to the latest press release, the stock closed yesterday at Eighty cents a share.

For an in-depth profile of Verdant Technology Corp, visit

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In case you are not familiar with the company: Verdant Technology Corporation is an incubator and developer of cutting-edge, environmentally sound technologies for the energy sector. Through its proven development program, the company identifies mid-stage technologies, shepherds them through the commercialization process and monetizes them under the management of seasoned experts.

CenterPoint Energy, Inc. (NYSE: CNP) up 0.7% on 1.8 million shares traded.

CenterPoint Energy, Inc. is a domestic energy delivery company.

BJ Services Company (NYSE: BJS) up 2.1% on 7.4 million shares traded.

BJ Services Company is a provider of pressure pumping and other oilfield services to the petroleum industry.

EnCana Corporation's (NYSE: ECA) up 1.1% on 3.8 million shares traded.

EnCana is one of North America's leading natural gas producers.


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