SOURCE: Wall Street News Alert

Wall Street News Alert

March 11, 2008 08:43 ET

Wall Street News Alert: Hot Stocks to Watch! March 11, 2008

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

WESTON, FL--(Marketwire - March 11, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE), Citadel Broadcasting Corporation (NYSE: CDL), PNM Resources (NYSE: PNM) and Art Technology Group, Inc. (NASDAQ: ARTG).

There is major breaking news issued by Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE), and the numbers should have the attention of investors looking to possible benefit from the explosive video game industry. Yesterday after the markets closed, the company, a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, issued a press release announcing that it expects to report over $5 million in revenues (unaudited) for the three months ended December 31, 2007!

This is incredible news for the company, and its investors, as the press release states that this represents a year-over-year increase in sales of 2824% compared to $171,000 reported in the fourth quarter of 2006. Fourth quarter 2007 revenues grew 194% compared to $1.7 million reported in the third quarter of 2007. For the year ended December 31, 2007, Conspiracy expects to report over $7.5 million in revenues (unaudited), compared to $803,493 (audited) for the year ended December 31, 2006. The Company's actual financial results will be filed on Form 10-KSB at http://www.sec.gov by mid-April.

Sirus Ahmadi, president of Conspiracy Entertainment, said, "We are very pleased to continue our strong sales trend in the second half of 2007. In the fourth quarter, we released over 10 titles, many of which have been successes. Our launch of the Nintendo Wii: Winter Sports game in December 2007 quickly lead to large reorders, and continues to increase our sales in the first quarter of 2008. We now have 10 to 20 additional games on all major platforms scheduled for release in 2008, and are well-positioned to continue our sales momentum throughout 2008."

Keith Tanaka, CFO of Conspiracy Entertainment, said, "Our consistent quarter-to-quarter improvements in 2007 is a result of gaining manufacturing approval on a number of our licensed, popular gaming titles, as well as securing new distributorships to release highly-anticipated games into North American retail stores. Fourth quarter and year-end revenues in 2007 have set the foundation for what we believe will be a year of top-line growth in 2008."

The stock closed Monday at around Nine cents a share.

For Wall Street News Alert's in-depth profile of Conspiracy Entertainment Corp., visit http://www.WallStreetNewsAlert.com/HotStocks/CPYE031008/default.aspx

In case you are not familiar with the company: Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and videogame consoles, including those manufactured by Nintendo, Sony Computer Entertainment, and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.

Art Technology Group, Inc. (NASDAQ: ARTG) up 13.5% on 1.5 million shares traded. Art Technology Group, Inc. makes the software and delivers the on demand solutions that the world's most customer-conscious companies use to power their e-commerce web sites, attract prospects, convert them to buyers and ensure their satisfaction so they become loyal, repeat, profitable customers.

Citadel Broadcasting Corporation (NYSE: CDL) up 3.5% on 1.9 million shares traded. Citadel Broadcasting Corporation is the third largest radio group in the United States, with a national footprint reaching more than 50 markets.

PNM Resources (NYSE: PNM) up 6.9% on 5.7 million shares traded. PNM Resources is an energy holding company based in Albuquerque, N.M., with 2007 consolidated operating revenues from continuing and discontinued operations of $2.4 billion. Through its utility and energy subsidiaries, PNM Resources serves electricity to approximately 835,000 homes and businesses in New Mexico and Texas and natural gas to nearly 492,000 customers in New Mexico.

Market Commentary:

"Gasoline prices were in position Monday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices surged above $108 to a new inflation-adjusted record and their fifth new high in the last six sessions on an upbeat report on wholesale inventories," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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