August 29, 2007 08:43 ET

Wall Street News Alert: Breaking News Alert - ELHI! August 29, 2007

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

WESTON, FL--(Marketwire - August 29, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings Inc. (OTCBB: ELHI), Level 3 Communications (NASDAQ: LVLT), Marvell Technology Group Ltd. (NASDAQ: MRVL) and Sun Microsystems, Inc. (NASDAQ: JAVA).

Investors keep your eyes on Edgeline Holdings, Inc. (OTCBB: ELHI) this morning. Yesterday, the company, which specializes in the area of discovering and acquiring leading-edge niche technologies, issued a press release announcing that it has formed New EnerSource, Inc., a wholly owned subsidiary, to develop and procure enhanced oil recovery technologies and develop international hydrocarbon plays.

This could be good news for the company, as according to the company press release, New EnerSource estimates that Texas alone has over 100 billion barrels of oil that are classified as unrecoverable! New EnerSource will actively pursue new innovative technologies that are in the early development phase from universities and other entities to utilize in reviving old fields that still have large reserves that were once thought unrecoverable.

Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. The press release states that using EOR, 30-60%, or more, of the reservoir's original oil can be extracted compared with 20-40% using primary and secondary recovery technologies.

This could be additional great news for this holding company, which recently launched into the billion dollar VoIP market with its acquisition of Secure Voice Communications, and is on the heels of another possible acquisition! The company had announced this month that it has reached a non-binding agreement to acquire Intertech Bio, a newly formed biotech company that is located in Houston, Texas, in an all-stock transaction. According to the press release, Intertech Bio is a developmental stage biopharmaceutical company with a primary focus on developing products to treat cancer, infectious diseases and other medical conditions associated with compromised immune systems.

Edgeline Holdings, Inc. is a publicly traded holding company that specializes in the area of discovering and acquiring leading-edge niche technologies. These technologies will be incubated and nurtured into market ready applications. Edgeline's current and prospective portfolio consists of early stage companies that require management expertise to further develop the technology to ultimately maximize the value of such technologies by bringing them to market through licensing arrangements and partnerships.

Prior to the latest press release, the stock closed Tuesday at Fifty cents a share.

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI082807/default.aspx.

Level 3 Communications, Inc. (NASDAQ: LVLT) down 3.7% on 21 million shares traded. Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers.

Marvell Technology Group Ltd. (NASDAQ: MRVL) up 0.8% on 10.9 million shares traded. Marvell is the leader in development of storage, communications, and consumer silicon solutions. The company's diverse product portfolio includes switching, transceiver, communications controller, wireless and storage solutions that power the entire communications infrastructure including enterprise, metro, home and storage networking.

Sun Microsystems, Inc. (NASDAQ: JAVA) down 1.5% on 90.2 million shares traded. A singular vision -- "The Network Is The Computer" -- guides Sun in the development of technologies that power the world's most important markets. Sun's philosophy of sharing innovation and building communities is at the forefront of the next wave of computing: the Participation Age.

Market Commentary: "The national average for a gallon of unleaded is $2.75. Prices peaked nationally on May 22 at $3.22 a gallon, but with the end of summer the peak is passed. Nationally our normal consumption grows at 1.5-2% annually," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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