SOURCE: Wall Street News Alert

Wall Street News Alert

September 26, 2007 09:42 ET

Wall Street News Alert: Breaking News Alert - MMTE! September 26, 2007

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

WESTON, FL--(Marketwire - September 26, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Mammoth Energy Group Inc. (PINKSHEETS: MMTE), Valero Energy Corporation (NYSE: VLO), Movie Gallery, Inc. (NASDAQ: MOVI) and Pixelworks, Inc. (NASDAQ: PXLW).

Investors looking to possibly benefit from the energy sector are going to want to watch Mammoth Energy Group Inc. (PINKSHEETS: MMTE) as Wall Street News Alert initiates coverage of the company. Tuesday after the markets closed, the company issued a press release announcing that it has completed its re-organization by the sale of its prior assets to the original owners leaving the company free of the majority of the debt previously incurred to move forward on new projects.

This could be great news for the company! According to the press release, Mammoth, through its newly created wholly owned subsidiary, United Gas OK, Inc. has obtained the drilling rights to a gas field in an area of Oklahoma with producing gas wells and known production. The field would allow up to 60 wells to be drilled and management believes that the shallow wells will provide a consistent and reliable cash flow for the company for the next 5-10 years when completed.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Mammoth Energy Group! "We are very pleased with how this project is coming along," said Joe Overcash, Mammoth's Chief Executive Officer. "We believe that this project will become our foundation for future success." This is a limestone formation which provides high probability of natural gas and occasionally some oil. These wells produce at depths around 800 feet and are very economical to drill. We plan to drill 3 wells at a time which will allow the best cost/well. As such, it is our goal to quickly expand our production base in Noble and Kay County by having about 30 or more wells on-line by year end." United acquired the rights to the property in June of 2007.

Prior to the press release, the stock closed Tuesday at Seventy Five cents per share.

For Wall Street News Alert's in-depth and updated profile of Mammoth Energy Group, visit: http://www.WallStreetNewsAlert.com/HotStocks/MMTE092507/default.aspx

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

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.

Valero Energy Corporation (NYSE: VLO) down 2.8% on 8.3 million shares traded. Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and revenues of more than $90 billion.

Movie Gallery, Inc. (NASDAQ: MOVI) up 13.9% on 3.7 million shares traded. The Company is the second largest North American video rental company with more than approximately 4,491 stores located in all 50 U.S. states and Canada operating under the brands Movie Gallery, Hollywood Video and Game Crazy. The Game Crazy brand represents 598 in-store departments and 14 free-standing stores serving the game market in urban locations across the United States.

Pixelworks, Inc. (NASDAQ: PXLW) up 15.6% on 2.2 million shares traded. Pixelworks, headquartered in Tualatin, Oregon, is an innovative provider of powerful video and pixel processing technology for manufacturers of digital projectors and flat panel display products. Pixelworks' flexible design architecture enables our unique technology to produce outstanding image quality in our customers' display products in a range of solutions including system-on-chip ICs, co-processor and discrete ICs. At design centers in Shanghai and San Jose, Pixelworks engineers relentlessly push pixel performance to new levels for leading manufacturers of consumer electronics and professional displays worldwide.

Market Commentary:

"Consumer confidence, as reported by the Confidence Board, was off for September, falling to a two-year low of 99.8. The revised numbers for August were at 105.6, the rising costs of fuel and gasoline and jobs hurt," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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