SOURCE: Wall Street News Alert

Wall Street News Alert

February 12, 2008 10:04 ET

Wall Street News Alert: Breaking News Alert - ELHI! February 12, 2008

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

WESTON, FL--(Marketwire - February 12, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), SunPower Corporation (NASDAQ: SPWR), Chesapeake Energy Corporation (NYSE: CHK) and The Home Depot (NYSE: HD).

There is important news coming from Edgeline Holdings, Inc. (OTCBB: ELHI) and investors are urged to watch the company this morning. Yesterday after the markets closed, the company issued a press release announcing that it has made a strategic business change to focus exclusively on its biotech business and is changing its name to Oncolin Therapeutics, Inc.

This could prove to be a good move for the company, as according to the press release, this decision comes after its recent acquisition of Intertech Bio which has propelled the company into the multi-billion dollar biotechnology industry through the addition of significant partnerships and the hiring of key personnel. The Company will immediately suspend its other business that is not associated with biotechnology.

The Company has recently announced it has obtained an exclusive option agreement with The University of Texas M.D. Anderson Cancer Center which provides the Company the right to negotiate a license for five technologies relating to the treatment of various cancers over a nine month period.

The lead programs address a wide range of tumor types including the major solid tumors such as breast, lung, colon and prostate and other important tumors such as pancreatic and brain tumors. The press release states that any success in the major tumor types would provide a blockbuster drug with yearly sales in the billion dollars per year range and approval of even a smaller population, such as pancreatic and brain cancer therapies, have the potential of sales of hundreds of millions yearly.

In addition, the Company has recently announced a Joint Development Agreement with Houston Pharmaceuticals to assist the Company in obtaining a license for certain patents, several of which are from the University of Mississippi and the University of Louisiana. Houston Pharmaceutical will continue collaborations with both universities and assist the in securing grants on behalf of the company.

Wall Street News Alert is continuing to alert investors to monitor the progress of the Edgeline Holdings! The Company has also recently added to its management including the announcement of Dr. Donald Picker joining the Company. Dr. Picker has extensive hands on experience in bringing drugs from concept to the market through all phases of research, preclinical and clinical development in a small company environment. Most recently Dr. Picker was President of Tapestry Pharmaceuticals where he built the clinical development group and brought its lead cancer drug into several Phase II clinical trials. Previously he was the Ex VP of R&D at Callisto Pharmaceuticals where he was responsible for in licensing their two lead cancer programs and oncology preclinical programs and bringing these cancer drugs into Phase I and Phase II development. Dr. Picker in his career has also held senior executive positions at other companies where he was responsible for bringing numerous drug candidates into clinical development. According to the press release, he and his group were responsible for the development of Carboplatin, one of the world's leading cancer drugs currently in use with sales of over $500 million yearly. He was also responsible for Satraplatin and Picoplatin, third generation platinum drugs which are currently in late stage clinical development. Although most of his experience has been in oncology drug development he has also been involved in the areas of infectious disease, cardiovascular, dermatological and gastrointestinal pharmaceutical discovery and development.

Prior to the latest press release, the stock closed Monday at Eleven cents a share.

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI021108/default.aspx.

SunPower Corporation (NASDAQ: SPWR) up 10.8% on 7.1 million shares traded.

SunPower Corporation designs, manufactures and delivers high-performance solar electric systems worldwide for residential, commercial and utility-scale power plant customers. SunPower high-efficiency solar cells and solar panels generate up to 50 percent more power than conventional solar technologies and have a uniquely attractive, all-black appearance.

Chesapeake Energy Corporation (NYSE: CHK) up 6.5% on 20.7 million shares traded.

Chesapeake Energy Corporation is the largest independent producer and third-largest overall producer of natural gas in the United States.

The Home Depot (NYSE: HD) up 2.5% on 13.9 million shares traded.

The Home Depot is the world's largest home improvement retailer.

Market Commentary:

"In Oil News: Prices shot higher for the third straight day Monday as concerns about potential supply disruptions overshadowed worries about the cooling economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been currently compensated Eight Thousand Dollars for coverage of Edgeline Holdings, Inc. (OTCBB: ELHI), by the company, for services provided including dissemination of company information in this release. WSCF was also previously compensated for services rendered in 2007; the previous compensation can be viewed by looking at a 2007 WSNA, ELHI press release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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