SOURCE: Wall Street News Alert

May 06, 2005 08:26 ET

Wall Street News Alert: CALB Finalizes Metallurgical Coal Sales Agreement!

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

WESTON, FL -- (MARKET WIRE) -- May 6, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Caliber Energy, Inc. (OTC BB: CALB), Sprint (NYSE: FON), Oracle® (NASDAQ: ORCL) and General Motors Corp. (NYSE: GM).

Aggressive investors and traders may be looking at Caliber Energy, Inc. (OTC BB: CALB) once again this morning. Yesterday after the markets closed, the company issued a press release announcing that the company's share of a Coal Sales Agreement has been finalized and is anticipated to generate revenue in excess of one million dollars to the company over the next 6 months.

This could be great news for investors! According to the company's press release, On March 14th, management announced a partnership to develop both coal projects as well as share in revenues from Sales Contracts to export Coal from the Yakutia region of the Russia Federation. Caliber Energy and its partners have successfully finalized terms for the sale of 500,000 tonnes of metallurgical grade coal to buyers in eastern Asia. All costs associated with the contract will be covered by a six million dollar revolving line of credit provided by the coal buyers. To cover costs during the life of the contract, coal shipments are predicted to commence in May as soon as export permits are secured.

Investors watch the progress of Caliber Energy! Earlier this week, the company reported that it was moving forward in making the necessary preparations for the spud of the first oil well at the Bolloque Project, Alberta Canada.

For more in-depth coverage of Caliber Energy, visit

Prior to yesterday's press release, the stock closed at around Twenty-Two cents a share.

In case you are unfamiliar with the company: Caliber Energy, Inc. is primarily focused on developing advanced coal projects and other high potential business opportunities in the energy sector. The company is focusing on coal, oil and natural gas. Caliber's primary focus is on advancing coal projects to production, combined with the opportunities management has identified that would provide immediate cash flow and revenue by securing coal trade agreements. Caliber augments the coal projects with oil and gas opportunities that are low risk with a high rate of return. With this diverse portfolio, Caliber Energy minimizes risk as the company meets demand for fossil fuels.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Sprint (NYSE: FON) down 0.9% on 14.7 million shares traded, Oracle® (NASDAQ: ORCL) up 0.5% on 44.7 million shares traded and General Motors Corp. (NYSE: GM) down 5.9% on 32.1 million shares traded.


"Worker productivity surged the first quarter of 2005 to 2.6% while worker labor costs were up 2.2% in a report released by the Labor Department. Output was up 3.6% while hours worked was up 1%, productivity has increased 2.5% the last 4 quarters and unit labor costs averaged 2.5% the past year," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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