SOURCE: Wall Street News Alert

Wall Street News Alert

May 05, 2009 09:33 ET

Wall Street News Alert: Investment Watch: OCOL! May 5, 2009

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

WESTON, FL--(Marketwire - May 5, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Oncolin Therapeutics (PINKSHEETS: OCOL), Novavax, Inc. (NASDAQ: NVAX), Hologic, Inc. (NASDAQ: HOLX) and Life Technologies Corporation (NASDAQ: LIFE).

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There is important news coming from Oncolin (PINKSHEETS: OCOL), and investors should be watching the company closely. Yesterday after the markets closed, the company issued a press release announcing that that it has started the initial due diligence on its recently identified prospect located in Cameron Parish, Louisiana with a potential of 3,000,000 gross barrels of oil reserves and 30Bcf of natural gas reserves.

This initial phase consists of a geological evaluation which will be conducted by industry experts that are familiar with this area of Louisiana. The company hopes to complete this phase of the evaluation in the near term and based upon a successful outcome will begin the lease acquisition phase.

The company has also determined that it will not proceed with the previously identified prospect that consisted of approximately 600 acres and twenty-three well bores located in Louisiana that was announced on March 12, 2009.

The company is continuing to build its prospect inventory and focus on developing or "rehabbing" fields that provide the best economics taking the current oil & gas prices into consideration and also the ability to procure the necessary leases. The company will prioritize the leasing and development of these fields after conducting field studies and securing the necessary funding to proceed.

Investors are urged to keep a close eye on future developments

The stock closed yesterday at around a Penny a share.

For an in-depth profile of Oncolin, visit

Novavax, Inc. (NASDAQ: NVAX) down 8.2% on 9.3 million shares traded. Novavax, Inc. is a clinical stage biotechnology company, creating novel vaccines to address a broad range of infectious diseases worldwide using advanced proprietary virus-like particle (VLP) technology.

Hologic, Inc. (NASDAQ: HOLX) up 3.3% on 3.9 million shares traded. Hologic, Inc. is a leading developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products dedicated to serving the healthcare needs of women.

Life Technologies Corporation (NASDAQ: LIFE) 0.9% on 2.5 million shares traded. Life Technologies Corporation is a global biotechnology tools company dedicated to improving the human condition.

Market Commentary:

The National Association of Realtors said its index of pending home sales rose 3.2 percent to 84.6 in March, the second monthly increase after it hit a record low in January. The pending sales index also is 1.1 percent above last year's levels. Meanwhile Commerce Department said construction spending increased 0.3 percent in March, the best showing since a similar rise last September.

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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 Oncolin Therapeutics (PINKSHEETS: OCOL), WSCF has been compensated Twenty One Thousand dollars by the company (Six Thousand dollars for current services and Fifteen Thousand dollars for current services). WSCF was also previously compensated for services rendered in 2008 and 2007. WSCF holds no shares of the stock. 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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