SOURCE: Wall Street News Alert

September 30, 2005 09:46 ET

Wall Street News Alert: Hot Stock Alert Issued on MPWE! September 30, 2005

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

WESTON, FL -- (MARKET WIRE) -- September 30, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: M Power Entertainment, Inc. (OTC BB: MPWE), NASDAQ-100 Index Tracking Stock (NASDAQ: QQQQ), Yahoo (NASDAQ: YHOO) and Time Warner Inc. (NYSE: TWX).

Aggressive investors and day traders may be watching M Power Entertainment, Inc. (OTC BB: MPWE) this morning! Yesterday after the stock markets closed, the company, a developer of lifestyle initiatives to emerging global markets, reported net revenues of $698,718 for the six months ended June 30, 2005.

News of the net revenues should be welcomed by M Power investors, as release says that the revenues were the result of the newly acquired subsidiary companies CoraZong Music, M Power Releasing, White Canyon, and Channel Access!

Watch this company! CoraZong Records, a European music production and distribution company has branched out to Canada, Mexico and the U.S. where it has launched its album catalog in 2005. M Power Releasing Inc., formerly RS Entertainment, is the largest independent film distributor in the United States and specializes in films that are highly profitable but too small for the attention of the major distributors. WhiteCanyon, Inc.'s software WipeDrive is listed as one of the top five hard drive sanitizing software solutions by the U.S. Department of Defense. The subsidiary's products can be found in leading retailers such as Best Buy, CompUSA, Office Depot, Fry's, Amazon.com, and MicroCenter. Channel Access specializes in marketing and distributing utility and personal productivity software products to retail stores in the United States and Canada.

Investors should continue to monitor the progress of M Power Entertainment for further developments! Gary Kimmons, President of M Power Entertainment, said, "The Company's quarterly numbers are proof that the M Power business model is materializing into positive results. Our plan of accretive acquisitions and the leveraging of those newly acquired assets to provide value to our clients have generated a strong revenue base for us. We anticipate continuing to build revenues in the second half of 2005."

For updated in-depth coverage and a company profile of M Power, visit http://www.backissuesofnewsalerts.us/MPWE0929.html

Prior to the press release, the stock closed yesterday at Seven cents a share.

In case you are not familiar with the company: Based in New York, NY, MPWE is a next-generation media and entertainment corporation providing a diversified portfolio of state-of-the-art entertainment and media resources. The Company's strategy is to acquire and integrate its subsidiaries to create lucrative cross-promoting opportunities within the entertainment and lifestyle spheres. The company's website is www.mpe.us.com.

Stocks showing interesting activity yesterday at the close of the regular trading day were: NASDAQ-100 Index Tracking Stock (NASDAQ: QQQQ) up 1.3% on 117.6 million shares traded, Yahoo (NASDAQ: YHOO) up 3.4% on 22.2 million shares traded and Time Warner Inc. (NYSE: TWX) up 1.5% on 20 million shares traded.

Commentary:

"The Commerce Department said that the final tally of Gross Domestic Product, GDP, for the second quarter remained at 3.3%, down from 3.8% for the first quarter. The results were in line with expectations from economists," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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