SOURCE: Wall Street News Alert

Wall Street News Alert

July 02, 2008 09:33 ET

Wall Street News Alert: IDMV Is on the Move! July 2, 2008

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

WESTON, FL--(Marketwire - July 2, 2008) - Wall Street News Alert's "stocks to watch" this morning are: IndieMV Media Group, Inc. (OTCBB: IDMV), Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) and International Business Machines Corp. (NYSE: IBM).

There is more important news coming from IndieMV Media Group, Inc. (OTCBB: IDMV) and the company should continue to have the attention of investors! Yesterday after the markets closed, the company, which is pioneering new business models and social media sites for the distribution, licensing, and marketing of digital media, issued a press release announcing it was making significant progress in its efforts to become a diversified Internet Media company with properties across a wide variety of complimentary media fields. The announcement was made by Company CEO, Ricardo Khayatte Jr.

Great news for the company! "We are currently evaluating acquisition opportunities that, if successfully concluded, should add significant annual revenue to this years bottom line revenue and considerably more next year," stated Mr. Khayatte. "Our strategy of acquiring complimentary Internet media properties to expand the reach of IndieMV should give us greater negotiating strength with advertisers and sponsors, as well as synergistic opportunities across a much wider registered user base."

IndieMV Media Group, a fully integrated, digital entertainment company, is a pioneer in the distribution, licensing, and marketing of digital media and its related businesses. Fueled by its partnerships with world-class record and management companies, wireless communication companies and major sponsorship corporations, the Company has positioned itself to be a leader in social-networking and digital media distribution on the web., the Company's first web property, is an entertainment based social-networking portal that will grow from its niche, music-based roots into a global provider of online services catering to an interconnected web of music and entertainment enthusiasts around the world.

"Over the next 30 days, look to hear some very exciting news from us regarding our efforts to expand the reach of our media properties and to continue our international business development efforts, especially in the mobile and mobile music download space," Khayatte added. "From the desktop to the mobile phone, IndieMV intends to extend the reach of independent artists, unique songs, cool games, among other properties across a wide range of Internet media channels. With the deep knowledge of our management team and advisory board, we are uniquely positioned to continue to grow and expand our media presence," concluded Khayatte.

Investors are urged to continue to monitor the progress of the company! The company also reported last week that in addition to the appointment of Mr. Adrian J. Palmer, P.Eng., ICD.D to its Board of Directors, the Company has targeted several potential acquisitions as part of its growth strategy.

Prior to that, the company also announced that the Philippines would be the entry point for the Company's Asian expansion. Utilizing the vast contacts and network of newly appointed Board member, Sherwin Lim, the Company plans to capitalize on the opportunities that exist in the Philippines as the Company's entry point into the Asian marketplace.

According to that release, A 2007 PricewaterhouseCoopers study estimates Asia's digital music industry at over $4.2 billion. Internet users in China alone have grown from 23 million in 2000 to 162 million in 2007. (Miniwatts Marketing Group, 2007)

The stock closed Tuesday at Forty Eight cents a share.

For Wall Street News Alert's in-depth profile of IndieMV Media Group, visit

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Microsoft (NASDAQ: MSFT) down 2.3% on 100.1 million shares traded. Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Google (NASDAQ: GOOG) up 1.5% on 4.9 million shares traded. Google's innovative search technologies connect millions of people around the world with information every day.

International Business Machines Corp. (NYSE: IBM) up 0.6% on 10 million shares traded. IBM helped pioneer information technology over the years, and it stands today at the forefront of a worldwide industry that is revolutionizing the way in which enterprises, organizations and people operate and thrive.

Market Commentary:

"In the U.S., gas prices pushed the record for a gallon of regular a tenth of a penny higher, to an average of $4.087 a gallon nationwide, according to AAA, the Oil Price Information Service and Wright Express. Meanwhile, a barrel of light sweet crude held above $142 after hitting a record high of $143.67 on the New York Mercantile Exchange," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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