SOURCE: Wall Street News Alert

Wall Street News Alert

August 17, 2007 09:08 ET

Wall Street News Alert: Hot Stock on the Move: UCPI! August 17, 2007

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

WESTON, FL--(Marketwire - August 17, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), Yahoo! Inc. (NASDAQ: YHOO), Chevron Corp. (NYSE: CVX) and Fannie Mae (NYSE: FNM).

Second quarter results are in, and Unicorp, Inc. (OTCBB: UCPI) should have investors watching the company this morning. Thursday after the markets closed, the company (engaged in the acquisition, development, exploration and production of crude oil and natural gas) issued a press release announcing that its second quarter results for 2007 including revenue up over 300% for the second fiscal quarter of 2006!

Highlights from the company's press release include:

--  A significant increase in oil and gas revenues: For the three months
    ended June 30th 2007, the company reported revenues of $643,554, versus
    $146,579 for the same period in 2006.
    
--  A decrease in loss from operations before non-cash charges: For the
    three months ended June 30th 2007, the company reported $106,515, versus
    $272,277 for the same period in 2006.
    
--  Loss from operations for the three months ended June 30th 2007 came in
    at $819,602, versus $1,123,943 for the same period in 2006.
    

** This is only a partial representation of the company's financial. Please refer to the company's press release for full details.

During the quarter ended June 30, 2007, the company was actively pursuing a major acquisition of producing properties which had significant proved undeveloped locations for additional drilling opportunities. Due to circumstances beyond the control of the company, it was forced to abort the acquisition and charge to expense the costs incurred in performing due diligence of approximately $47,000 and a non-refundable option fee of $100,000. Had these costs not been incurred, the company would have been profitable from operations excluding non-cash charges.

Unicorp also announced that the company reported a net loss applicable to common shares of $1,502,135, or $.01 per share (basic and diluted) for the three months ended June 30, 2007 and $3,006,020, or $0.03 per share (basic and diluted) for the six months ended June 30, 2007, as compared to a net loss of $1,115,414, or $0.01 per share (basic and diluted) and $2,232,151, or $0.03 per share (basic and diluted), respectively, for the same periods in 2006.

Wall Street News Alert continues to alert aggressive investors to watch this company closely. "We are pleased that we had tremendous revenue growth for the second quarter, generated by internal growth as well as an acquisition. We are actively pursuing acquisitions that are immediately accretive to cash flow and hope to close another during the second half of 2007," stated Kevan Casey, CEO of Unicorp. "During the quarter we encountered several situations beyond our control that kept us slightly below being profitable from operations. However, we have made significant strides in this direction by closing the gap and fully expect to be profitable from operations, excluding non-cash charges, for the six months remaining in 2007."

Before the news hit the wires, Unicorp's stock closed Thursday at Twenty-Three cents a share.

For Wall Street News Alert's in-depth and updated profile of Unicorp, visit: http://www.WallStreetNewsAlert.com/HotStocks/UCPI081607/default.aspx

Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.

Yahoo! Inc. (NASDAQ: YHOO) down 2.4% on 29.6 million shares traded. Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo!'s mission is to connect people to their passions, their communities and world's knowledge.

Chevron Corporation (NYSE: CVX) up 0.7% on 19.4 million shares traded. Chevron is one of the world's leading energy companies. With more than 56,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing, and distributing fuels and other energy products.

Fannie Mae (NYSE: FNM) up 6% on 15.8 million shares traded. Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America.

Market Commentary:

"Markets tumbled worldwide before American markets opened this day. Tokyo, China, Europe, and England all were affected by the subprime mortgage and credit crunch. Treasury Secretary Henry Paulson said that the U.S. economy is strong and can handle the turmoil in the markets," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For services, WSCF has been compensated Sixteen Thousand Dollars for current services AND was previously compensated One Hundred and Ninety Seven Thousand Dollars for past services performed for Unicorp, Inc. (OTCBB: UCPI), by the company. WSCF was also compensated in previous years, for services performed for Unicorp. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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