SOURCE: Wall Street News Alert

April 28, 2005 08:46 ET

Wall Street News Alert: GERI Announces Increase in Their Warehouse Lending Line of Credit!

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

WESTON, FL -- (MARKET WIRE) -- April 28, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Global Energy Resources Inc. (OTC: GERI), Cisco Systems Inc. (NASDAQ: CSCO), JDS Uniphase Corporation (NASDAQ: JDSU) and Corning Incorporated (NYSE: GLW).

Aggressive investors and traders should be looking at Global Energy Resources Inc. (OTC: GERI) this morning! Yesterday, the company, an emerging, debt-free investment holding company with offices in Irvine, Calif., New York City and Verona, Italy, issued a press release announcing that its mortgage lending warehouse line of credit has increased from $50 million per sweep to $75 million per sweep.

This could be good news for investors! Effective immediately, the company will have the ability to submit loans totaling about $4 million per day into its line of credit. GERI's warehouse line is utilized by mortgage brokers and certain lending groups to finance their clients' lending needs.

Investors continue to watch the progress of Global Energy! GERI's Finance division provides wholesale lending services for the commercial, residential, construction and timeshare industries. The division utilizes a warehouse line of credit. In addition, the finance division has marketing arrangements with major banks and mortgage banks to provide high-level customer service and solve lending needs. The division is developing a close relationship with a reputable company to provide the electronic processing of paperwork associated with its lending service. GERI specializes primarily in the financial services and distribution sectors.

For more in-depth coverage of Global Energy Resources, visit

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

Stocks showing interesting activity yesterday at the close of the regular trading day were: Cisco Systems Inc. (NASDAQ: CSCO) down 0.1% on 62.5 million shares traded, JDS Uniphase Corporation (NASDAQ: JDSU) up 5.1% on 30.5 million shares traded and Corning Incorporated (NYSE: GLW) up 8% on 36.5 million shares traded.


"On Wednesday the markets edged into positive territory as good news from quarterly earnings continued this week for the third day in a row. Solid earnings from Verizon and Boeing as well as crude oil falling to below $53 per barrel and good news regarding prices of durable goods all helped," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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