SOURCE: Wall Street News Alert

Wall Street News Alert

December 14, 2007 09:18 ET

Wall Street News Alert: ELHI is Friday's Stock to Watch! December 14, 2007

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

WESTON, FL--(Marketwire - December 14, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Apple Inc. (NASDAQ: AAPL), MedAssets Inc. (NASDAQ: MDAS) and Schering-Plough Corporation (NYSE: SGP).

Edgeline Holdings, Inc. (OTCBB: ELHI) has issued additional positive news, and should have investors keeping their eyes on the company this morning. Yesterday after the markets closed, the company, which specializes in the area of discovering and acquiring leading-edge niche technologies, issued a press release announcing that it expects to close on its $10 million funding agreement within the next 7-10 days.

More great news for the company, as the press release states that this funding provides the company up to $10,000,000 in funding over a 30 month period based upon certain criteria being met. A registration statement will be prepared and filed within 45 days of closing.

The press release also states Edgeline has elected not to proceed with the previously announced enhanced oil recovery technology that it was evaluating. Although this technology looks promising there are too many unknowns at this time. Edgeline will attempt to monitor the progress of this technology and keep an open dialogue with the parties for possible future discussions.

Wall Street News Alert is continuing to alert investors to monitor the progress of the Edgeline Holdings! This week the company also reported it has signed a Joint Development Agreement with Houston Pharmaceuticals, Inc. 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 Pharmaceuticals will continue collaborations with both universities and assist in securing grants on behalf of the company.

Prior to that the company announced that it has signed an Option agreement with The University of Texas M. D. Anderson Cancer Center that provides Edgeline Holdings the exclusive right to negotiate a license to five technologies relating to the treatment of various cancers over a nine month period. During this period the company has the right to evaluate the patents rights, potential products and markets, and to negotiate a license for the use of these patents.

Prior to the latest press release, the stock closed Thursday at Thirty One cents a share.

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI121307/default.aspx

Apple Inc. (NASDAQ: AAPL) up 9.5% on 30.7 million shares traded.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.

MedAssets Inc. (NASDAQ: MDAS) up 28.1% on 6.1 million shares traded.

MedAssets partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, including 2,500 hospitals and 30,000 non-acute care healthcare providers.

Schering-Plough Corporation (NYSE: SGP) up 2.6% on 22.1 million shares traded.

Schering-Plough is an innovation-driven, science-centered global health care company. Through its own biopharmaceutical research and collaborations with partners, Schering-Plough creates therapies that help save and improve lives around the world.

Market Commentary:

"Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.11 percent," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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