SOURCE: Wall Street News Alert

Wall Street News Alert

April 08, 2008 09:08 ET

Wall Street News Alert: Breaking News Alert - TTNC! April 8, 2008

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

WESTON, FL--(Marketwire - April 8, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Tecton Corporation (OTCBB: TTNC), International Business Machines Corporation (NYSE: IBM), Uranium Energy Corp (AMEX: UEC) and First Solar, Inc. (NASDAQ: FSLR).

Yesterday there was a string of important news from Tecton Corporation (OTCBB: TTNC), and investors be monitoring the progress of the company closely. Yesterday the company issued a press release announcing that it has been rated Speculative Buy with a price target of $2.50 by Beacon Equity Research Analyst, Victor Sula, Ph.D.

This should be great news for TTNC! In the report, the analyst writes, "Based on the area's adjacent reserves, we believe the company has a good chance of recovering economically viable uranium resources through its planned drilling program. Assuming even a modest 20 percent chance of successful uranium finds and potential reserves comparable to adjacent properties, we estimate TTNC's uranium resource potential at approximately 20 million lbs. At recent $75 per pound market prices, a 20 million lbs uranium resource would be valued at approximately $1.5 billion."

The company also reported yesterday it has expanded its land holdings at the Firefly Project. Tecton holds an option to acquire 100% interest in approximately 4,000 acres as 207 unpatented federal mining claims within the La Sal uranium trend. The claims cover both the Firefly Project and the Grey Daun Mine holdings. Tecton plans an aggressive exploration program with the goal of discovering new uranium deposits.

This should also be great news for TTNC! Firefly is located in San Juan County, Utah, which is approximately 25 air miles southeast of Moab, Utah. It is situated within the highly prospective La Sal uranium trend lying between the orthogonally oriented Uravan, Colorado uranium trend to the east and the Lisbon Valley uranium district to the southwest. According to the press release, together these three areas comprised the most productive uranium regions in the United States with the highest grades and thickest mineable widths. Total production was in excess of 150 million lbs of U3O8, largely from the 1950's to the 1980's.

The Firefly mine was discovered in 1952 as an extension of the Grey Daun Mine. The press release also stated production records are incomplete; however, it's likely the two mines together yielded up to 100,000 lbs of U3O8 and 500,000 lbs of V2O5 up through the 1970's. The average grade of the known production was .41% U3O8 and 1.8% V2O5, a gross value of more than $600 per ton at today's prices.

Yesterday after the markets closed the company issued its third press release announcing that that Dr. Hikmet Akin has joined Tecton's Advisory Board. Mr. Hikmet Akin brings to Tecton more than 35 years of experience in mine development and project evaluation. Mr. Akin has held various managerial and staff positions with Uranerz (Germany) since 1978, and has been responsible for performing numerous project evaluations and reserve estimates for the company.

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

For an in-depth profile of Tecton Corporation, visit http://www.WallStreetNewsAlert.com/HotStocks/TTNC040708/default.aspx.

International Business Machines Corporation (NYSE: IBM) up 0.4% on 6.1 million shares traded. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive.

Uranium Energy Corp (AMEX: UEC) down 3.4% on 189,000 shares traded. Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States.

First Solar, Inc. (NASDAQ: FSLR) down 2% on 8.2 million shares traded. First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs.

Market Commentary:

"Washington Mutual Inc., the country's largest savings and loan, is close to landing a $5 billion cash infusion from private equity group TPG and other investors, a person familiar with the matter said Monday," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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