SOURCE: Wall Street News Alert

Wall Street News Alert

March 04, 2009 10:21 ET

Wall Street News Alert: Hot Stock to Watch for Wednesday: CLBN -- March 4, 2009

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

WESTON, FL--(Marketwire - March 4, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Chevron Corporation (NYSE: CVX), ConocoPhillips (NYSE: COP) and United States Steel Corporation (NYSE: X).

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As the demand for renewable energy continues to increase, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (PINKSHEETS: CLBN) should have the attention of investors looking to possibly benefit from this clean energy industry. Early this morning, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has released an update to its shareholders.

The letter states that "the past year has proven to be a very exciting time for our Company. After many months of dedicated work and planning, we have enabled Navajo to execute our strategic business model and take full advantage of the tremendous growth available in the wind power sector -- currently the fastest growing renewable source for electric power."

The letter goes on to say, "The Chinese wind energy market is on pace for another record year with the installation of approximately 10,000 megawatts of wind power capacity, generating sufficient energy for millions of homes. With wind power being one of the cleanest and most cost-effective forms of alternative energy, we expect significant growth within this industry for many years to come -- the cultural shift to clean energy is permanent. As an additional catalyst to this growth, we feel confident that the new Obama administration in Washington will deliver on their commitment to invest between $180 - $200 billion over the next 10 years in the alternative energy market, which will include wind energy companies like Navajo. We are confident that Navajo's business model will be an important contributor to the build-out of the wind power generation energy market."

In the release, it also highlights that in a short period, the company has achieved a number of significant milestones:

--  secured investment financing of over $2.5 million dollars for
    development and working capital;
    
--  acquired Guangzhou Jianianxiang Co. Ltd., a Chinese wind farm and
    power trading company;
    
--  acquired a 200 MW wind farm site located in Xinjiang, China. This site
    is situated on 6,200 acres and is in an area with proven, high-energy wind
    speeds;
    
--  acquired a 50% joint venture partnership interest in the CSRI Xuzhou
    Nantung 35MW wind farm project in China and received a financing commitment
    for this acquisition;
    
--  signed an agreement to form an alliance with industrial technology
    company, Vector Industrial Designs, to participate in the research,
    development and optimization of various proprietary wind turbine technology
    designs.
    

The press release continues: As a result of the relationships we have established and the niche markets we have identified this year, the Company has laid the groundwork for a very expansive and dynamic 2009 and years to come. Some of the Company's key areas of focus that it is moving forward to achieve include the following:

--  targeting 10 to 50 megawatt wind farm development projects. In
    Xinjiang, China, alone, there exists over 20,000 megawatts of achievable
    electricity utilizing our wind power business model;
    
--  additional growth through strategic acquisitions;
    
--  the implementation of new technologies to optimize production and
    increase viability.
    

For complete details of the letter, investors are urged to refer to this morning's press release.

The stock closed yesterday at around Four cents a share.

For an in-depth profile of Navajo Wind Energy, visit http://thenewssvc.atapps.com/CLBN030309.html

Chevron Corporation (NYSE: CVX) up 0.1% on 19.1 million shares traded. Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business across the globe.

ConocoPhillips (NYSE: COP) up 0.4% on 19 million shares traded. ConocoPhillips is an international, integrated energy company with interests around the world.

United States Steel Corporation (NYSE: X) up 1.9% on 17.7 million shares traded. United States Steel Corporation is one of the leading steel company's in the U.S.

Market Commentary:

According to credit reporting agency, TransUnion LLC., its database shows the percentage of mortgage holders at least 60 days behind on payments, considered a precursor to foreclosure, jumped to 4.58 percent nationally, from 2.99 percent for the 2007 fourth quarter.

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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 current services performed for Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN), WSCF has been compensated Four Million shares, by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Two Million, Two Hundred Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. 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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