December 14, 2007 09:42 ET

Wall Street News Alert: Hot Stock to Watch - ELHI! December 14, 2007

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

WESTON, FL--(Marketwire - December 14, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), SIRIUS Satellite Radio (NASDAQ: SIRI), Martek Biosciences Corporation (NASDAQ: MATK) and Oracle (NASDAQ: ORCL).

Edgeline Holdings, Inc. (OTCBB: ELHI) has issued additional positive news, and should have investors 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 it expects to close on its $10 million funding agreement within the next 7-10 days.

More great news for the company, as the press release states that this funding provides the company up to $10,000,000 in funding over a 30 month period based upon certain criteria being met. A registration statement will be prepared and filed within 45 days of closing.

The press release also states Edgeline has elected not to proceed with the previously announced enhanced oil recovery technology that it was evaluating. Although this technology looks promising there are too many unknowns at this time. Edgeline will attempt to monitor the progress of this technology and keep an open dialogue with the parties for possible future discussions.

Wall Street News Alert is continuing to alert investors to monitor the progress of the Edgeline Holdings! This week the company also reported it has signed a Joint Development Agreement with Houston Pharmaceuticals, Inc. 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 in securing grants on behalf of the company.

Prior to that the company announced that it has signed an Option agreement with The University of Texas M. D. Anderson Cancer Center that provides Edgeline Holdings the exclusive right to negotiate a license to five technologies relating to the treatment of various cancers over a nine month period. During this period the company has the right to evaluate the patents rights, potential products and markets, and to negotiate a license for the use of these patents.

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

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI121307/default.aspx

SIRIUS Satellite Radio (NASDAQ: SIRI) up 3.6% on 31.1 million shares traded.

SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NASCAR and NBA, and broadcasts live play-by-play games of the NFL and NBA, as well as live NASCAR races.

Martek Biosciences Corporation (NASDAQ: MATK) up 20% on 2.3 million shares traded.

Martek Biosciences Corporation is a leader in the innovation and development of DHA omega-3 products that promote health and wellness through every stage of life.

Oracle (NASDAQ: ORCL) up 1.1% on 29.9 million shares traded.

Oracle is the world's largest enterprise software company.

Market Commentary:

"Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.11 percent," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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