SOURCE: Wall Street News Alert

Wall Street News Alert

February 10, 2010 08:38 ET

Wall Street News Alert: Ahead of the Bell: AGR Tools - February 10, 2010

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

WESTON, FL--(Marketwire - February 10, 2010) - Wall Street News Alert's "stocks to watch" this morning are: AGR Tools, Inc. (OTCBB: AGRT), Citi (NYSE: C), The Home Depot® (NYSE: HD) and Caterpillar Inc. (NYSE: CAT).

Yesterday after the markets closed, AGR Tools, Inc. (OTCBB: AGRT) issued a press release announcing that AGR Stone & Tools USA, Inc., with which AGR Tools, Inc. has entered into a binding share exchange agreement, has exceeded its recent distribution growth plans by adding five new dealerships to its network. Starting with just 11 dealerships in 2008, the company currently has 25 distributor locations throughout the United States and Canada.

"Due to the overwhelming interest in our stocking dealer program, we have experienced a rapid increase in our distribution network," noted Rock Rutherford, the CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc. "Each location represents what I expect will be a minimum of $150,000 in annual sales and an average volume of $600,000 per distributor. Our goal by the end of 2010 is to have 63 dealers in our network which will represent an average of $37.8 million in annual sales."

Each location caters to the natural stone, concrete, building maintenance, masonry, tile, flooring and engineered stone markets by offering superior quality tools and excellent local customer service. "Our dealers are strategically located throughout North America and are the catalyst to the success of our company," added Rutherford. "By offering a full warranty on all of our products, excellent customer service and quality consumable tools, we are positioned to capture our goal of 25% of the diamond tooling industry."

The stock closed yesterday at Thirty One cents a share.

For an in-depth profile of AGR Tools, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=AGRT_020810.

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Citi (NYSE: C) up 0.9% on 498.6 million shares traded. Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries.

The Home Depot® (NYSE: HD) up 0.9% on 18 million shares traded. The Home Depot is the world's largest home improvement specialty retailers.

Caterpillar Inc. (NYSE: CAT) up 5.4% on 15.4 million shares traded. Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.

Market Commentary:

The Commerce Department said Tuesday that wholesale inventories were reduced 0.8 percent in December. Economists surveyed by Thomson Reuters had expected inventories to rise by 0.5 percent during the month.

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