SOURCE: Wall Street News Alert

Wall Street News Alert

January 09, 2008 09:33 ET

Wall Street News Alert: ELHI Is Wednesday's Stock to Watch for January 9, 2008

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

WESTON, FL--(Marketwire - January 9, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Leap Wireless International Inc (NASDAQ: LEAP), Park Place Energy Corp. (OTCBB: PRPL) and NutraCea (OTCBB: NTRZ).

There is extremely important news just issued by Edgeline Holdings, Inc. (OTCBB: ELHI) and investors should be 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 Donald Picker has joined its subsidiary, Intertech Bio, as its acting Chief Operating Officer. Dr. Picker will assume the role of acting COO as of January 2008.

This could be just the kind of experience the company needs, as the press release states that previously, he 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.

Dr. Picker has extensive hands-on experience in bringing drugs from concept to market through all phases of research, preclinical and clinical development in a small company environment. Most recently Dr. Picker was President of Tapestry Pharmaceuticals where he built the clinical development group and brought its lead cancer drug into several Phase II clinical trials. Previously, he was the Executive VP of R&D at Callisto Pharmaceuticals where he was responsible for licensing their two lead cancer programs and oncology preclinical programs and bringing these cancer drugs into Phase I and Phase II development. Dr. Picker in his career has also held senior executive positions at other companies where he was responsible for bringing numerous drug candidates into clinical development. He was also responsible for Satraplatin and Picoplatin, third generation platinum drugs which are currently in late stage clinical development. Although most of his experience has been in oncology drug development, he has also been involved in the areas of infectious disease, cardiovascular, dermatological and gastrointestinal pharmaceutical discovery and development.

Leonard Ivins, CEO of Edgeline Holdings, stated, "We are excited to have someone with Dr. Picker's extensive experience and track record in oncology to lead the development of the cancer pipeline that Edgeline Holdings has identified for licensing. The ability to bring these candidates as quickly as possible into development should build value for the shareholders of the company."

Wall Street News Alert is continuing to alert investors to monitor the progress of Edgeline Holdings, as the company moves forward with this subsidiary! The company also recently announced that it has signed 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.

Additionally, Edgeline Holdings announced it has signed a Joint Development Agreement with Houston Pharmaceuticals 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 them in securing grants on behalf of the company.

Prior to the latest press release, the stock closed Tuesday at Forty Five cents a share.

For an in-depth profile of Edgeline Holdings, visit

Leap Wireless International Inc (NASDAQ: LEAP) up 6.1% on 4.8 million shares traded.

Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered both the Cricket® and Jump® Mobile services.

Park Place Energy Corp. (OTCBB: PRPL) down 13.8% on 823,000 shares traded.

Park Place Energy is a high impact energy play corporation. Park Place Energy is currently focusing on developing its Canadian assets which include the recently announced major gas find in NE British Columbia Canada. Park Place utilizes its expertise in the oil and gas industry to enhance shareholder value and profitability by pursuing attractive opportunities in the international oil and gas industry.

NutraCea (OTCBB: NTRZ) up 2.9% on 894,000 shares traded.

NutraCea is a leader in stabilized rice bran nutrient research and dietary supplement development. Through its wholly owned subsidiary RiceX, the company manufacturers as well as distributes products and food ingredients made from Rice Bran through its proprietary technology and processes.

Market Commentary:

"Housing was the bad news of the day, as Wall Street plunged and investors dealt with the fear of more trouble ahead for the housing market and mortgage lenders like Countrywide Financial Corp," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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