SOURCE: Wall Street News Alert

Wall Street News Alert

October 01, 2007 11:29 ET

Wall Street News Alert: Breaking News Alert - MMTE! October 1, 2007

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

WESTON, FL--(Marketwire - October 1, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Mammoth Energy Group Inc. (PINKSHEETS: MMTE), Walgreens (NYSE: WAG), 3Com Corporation (NASDAQ: COMS) and Seaway Valley Capital Corporation (OTCBB: SWVC).

With Mammoth Energy Group Inc. (PINKSHEETS: MMTE) having announced last week the acquisition of a Fifteen Percent working interest in 17 producing wells, investors looking to possibly benefit from the energy sector are going to continue watching the stock again.

Friday after the markets closed, the company issued a press release announcing that oil prices rose above $83 a barrel Friday as the weak dollar drove investors to the market and concerns remained about a decline in crude inventories at a key Oklahoma terminal.

This is good news for the company, which announced Wednesday that it has completed the acquisition of a Fifteen Percent working interest in 17 producing wells in Oklahoma.

Mammoth, through its newly created wholly owned subsidiary, United Gas OK, Inc. has acquired the working interest for shares of restricted stock valued at $225,000.00 based on partially completed engineering of the production. "This acquisition gives us needed immediate cash flow to fund our exploration and development strategies in Oklahoma," stated Joe Overcash, CEO.

The working interests are in gas wells in a field of approximately 1,045 acres. Mammoth expects more wells to be drilled on the acreage, possibly up to a total of 25 wells. The wells are currently cash flowing positive and a full accounting of the production and engineering of the wells is anticipated by the end of October!

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Mammoth Energy Group! Mammoth, through its wholly owned subsidiary, United Gas OK, Inc. is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay Counties of Oklahoma which is approximately 1,400 acres.

Prior to the press release, the stock closed Friday at Fifty Three cents per share.

For Wall Street News Alert's in-depth and updated profile of Mammoth Energy Group, visit:

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In case you are not familiar with the company: Mammoth, through its wholly owned subsidiary, United Gas OK, Inc. is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay Counties of Oklahoma which is approximately 1,400 acres.

Walgreens (NYSE: WAG) down 1.4% on 5.6 million shares traded. Walgreen Co. is the nation's largest drugstore chain with fiscal 2007 sales of $53.8 billion. The company operates 5,992 stores in 48 states and Puerto Rico, including 77 Happy Harry's stores in Delaware and surrounding states.

3Com Corporation (NASDAQ: COMS) up 34.2% on 116.8 million shares trade. 3Com Corporation is a leading provider of secure, converged voice and data networking solutions for enterprises of all sizes.

Seaway Valley Capital Corporation (OTCBB: SWVC) down 6.2% on 42.3 million shares traded. Seaway Valley Capital Corporation was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Valley Capital Corporation also seeks investments in leveraged buyouts and restructurings. Seaway Valley Capital Corporation will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and the Company will also consider select technology.

Market Commentary:

"The dollar fell to a record low against the euro for the seventh consecutive session while the Canadian dollar hit a 31-year high as inflation data raised expectations that the Federal Reserve Bank would again lower interest rates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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