SOURCE: Wall Street News Alert

Wall Street News Alert

March 07, 2008 09:32 ET

Wall Street News Alert: ELHI Is Friday's Stock to Watch for March 7, 2008

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

WESTON, FL--(Marketwire - March 7, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Capstone Turbine Corporation (NASDAQ: CPST), PDL BioPharma, Inc. (NASDAQ: PDLI) and Clear Channel Communications, Inc. (NYSE: CCU).

There is additional important news from Edgeline Holdings, Inc. (OTCBB: ELHI), which recently announced a name change to Oncolin Therapeutics Inc., and the company continues to be a "must see" for investors. Yesterday after the markets closed, the company issued a press release announcing that Dr. Sandra Silberman has agreed to join the Scientific Advisory Board.

This should be a great addition to the company, as the press release states that Dr. Silberman is a world renowned oncologist who has been involved in both cancer research and the development of important new cancer therapeutics! At Pfizer she pioneered the early clinical development of Tarceva and went on to be clinical director of the Gleevec program, a drug which did over $2 Billion with Novartis. She continues to be involved in the development of novel cancer therapies being developed by Industry.

"It will be a major asset for Edgeline Holdings / Oncolin to have such an experienced and successful clinical strategist" said Dr. Donald Picker, COO of the company.

Dr Donald Picker first came to the attention of Wall Street News Alert on January 8, 2008, when it was announced in a company press release, that he had joined Intertech Bio. This was a great move for the company. Dr Picker and his group were responsible for the development of Carboplatin, one of the world's leading cancer drugs currently in use with annual sales of over $500 million. Together with the addition of Dr. Silberman, the company has added some Big Guns to its team!

Investors are urged to continue to monitor the Edgeline, as there have been recent major announcements coming from the company! Last week, the company announced that it has agreed to terms for an exclusive worldwide right to option patents covering the composition and use of Genistein analogs for cancer treatment. The technology was discovered and patented by the Pharmaceutical Research Institute of Warsaw, Poland and involves compounds that appear to be novel antimicrotubule agents. The press release states that given the widespread success of antimicrotubule therapies in curative and palliative cancer treatment, the microtubule is perhaps the single best cancer target identified to date and continues to be recognized as a strategic target against which to direct new development efforts.

Also in February, the company reported that one of its research programs for which it has rights was awarded a peer reviewed National Institute Of Health Grant for $179,000 to support research on thermally targeted delivery of Doxorubicin.

In other recent news: Edgeline Holdings, Inc. has recently announced it has obtained an exclusive option agreement with The University of Texas M.D. Anderson Cancer Center which provides the Company the right to negotiate a license for five technologies relating to the treatment of various cancers over a nine month period.

Edgeline Holdings, Inc. has recently announced a Joint Development Agreement with Houston Pharmaceuticals to assist the Company in obtaining a license for certain patents.

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

For an in-depth profile of Edgeline Holdings, visit

Capstone Turbine Corporation (NASDAQ: CPST) up 4.8% on 11.1 million shares traded. Capstone Turbine Corporation is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products.

PDL BioPharma, Inc. (NASDAQ: PDLI) up 2.6% on 10.9 million shares traded. PDL BioPharma, Inc. is a biopharmaceutical company focused on the discovery and development of novel antibodies in oncology and select immunologic diseases.

Clear Channel Communications, Inc. (NYSE: CCU) up 1.1% on 15.2 million shares traded. Clear Channel Communications, Inc, headquartered in San Antonio, Texas, is a global leader in the out-of-home advertising industry with radio and television stations and outdoor displays in various countries around the world.

Market Commentary: "Home foreclosures spiked to an all-time high in the final quarter of last year and are likely to continue on rising. In a quarterly snapshot of the mortgage market released Thursday, the Mortgage Bankers Association said the proportion of all mortgages nationwide that fell into foreclosure shot up to a record high of 0.83 percent in the October-to-December quarter. That surpassed the previous high of 0.78 percent set in the prior quarter," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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