SOURCE: Wall Street News Alert

Wall Street News Alert

September 13, 2007 08:33 ET

Wall Street News Alert: Investment Alert: ELHI! September 13, 2007

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

WESTON, FL--(Marketwire - September 13, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Boston Scientific Corporation (NYSE: BSX), Level 3 Communications, Inc. (NASDAQ: LVLT) and Amgen (NASDAQ: AMGN).

Having just announced that its newly formed subsidiary, New EnerSource, Inc., has entered into negotiations to acquire an enhanced oil recovery technology (details below), Edgeline Holdings, Inc. (OTCBB: ELHI) should have aggressive investors monitoring this stock closely this morning.

Yesterday a press release was issued reporting that Equity Stock Analysis announced research coverage of Edgeline Holdings with a rating of "Attractive" and a price target of $1.50.

This could be good news for the company, which specializes in the area of discovering and acquiring leading-edge niche technologies. In the report Ms. Anderson writes, "Edgeline Holdings offers investors attractive returns and they offer their targeted business owners a compelling exit strategy. Their focus reflects the overall nature of an economy focused increasingly on the use of technology for cutting edge innovations."

"Edgeline Holdings offers a direct way for a shareholder to participate in innovative new technologies coming to the market in their early stages in multiple disciplines. Edgeline has targeted highly fragmented industries with strong growth potential."

"Based on estimated 40.7 million share count the intrinsic value per share is estimated at $1.50. The intrinsic value justifies a significant appreciation from the current level...over the medium term."

This could be additional great news for this holding company, which has made progress on several fronts! The company recently reported that its newly formed subsidiary, New EnerSource, Inc., has entered into negotiations to acquire an enhanced oil recovery technology. This technology is in the proof of concept phase and would require additional funding to develop, but if successful, would address part of the unrecoverable oil market. According to the press release, it is estimated that Texas alone has over 100 billion barrels of oil that are classified as unrecoverable.

Further more, the company had previously launched into the billion dollar VoIP market with its acquisition of Secure Voice Communications, and was on the heels of another possible acquisition! The company had announced last month that it had reached a non-binding agreement to acquire Intertech Bio, a newly formed biotech company that is located in Houston, Texas, in an all-stock transaction. According to the press release, Intertech Bio is a developmental stage biopharmaceutical company with a primary focus on developing products to treat cancer, infectious diseases and other medical conditions associated with compromised immune systems.

Prior to the latest press release, the stock closed Wednesday at Seventy-Five cents a share.

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI091207/default.aspx.

Boston Scientific Corporation (NYSE: BSX) down 2.5% on 35.6 million shares traded. Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties.

Level 3 Communications, Inc. (NASDAQ: LVLT) down 2.5% on 42.2 million shares traded. Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers.

Amgen (NASDAQ: AMGN) up 3.2% on 27.7 million shares traded. Amgen discovers, develops and delivers innovative human therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab, to manufacturing plant, to patient.

Market Commentary:

"Oil was up, hitting $80 a barrel, and then easing off slightly, on news from the Energy Departments report of a plunge by 7.1 million barrels last week of crude supplies. OPEC, meeting in Vienna, Austria, agreed to increase production by 500,000 barrels per day, but not until November 1," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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