SOURCE: Wall Street News Alert

Wall Street News Alert

January 09, 2008 08:33 ET

Wall Street News Alert Issues Special Alert on ELHI! January 9, 2008

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

WESTON, FL--(Marketwire - January 9, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Pharmasset, Inc. (NASDAQ: VRUS), EMC Corporation (NYSE: EMC) and Gulf Resources, Inc. (OTCBB: GFRE).

There is extremely important news just issued by Edgeline Holdings, Inc. (OTCBB: ELHI) and investors should be keeping their eyes on the company this morning. Yesterday after the markets closed, the company, which specializes in the area of discovering and acquiring leading-edge niche technologies, issued a press release announcing that Donald Picker has joined its subsidiary, Intertech Bio, as its acting Chief Operating Officer. Dr. Picker will assume the role of acting COO as of January 2008.

This could be just the kind of experience the company needs, as the press release states that previously, he and his group were responsible for the development of Carboplatin, one of the world's leading cancer drugs currently in use with annual sales of over $500 million.

Dr. Picker has extensive hands-on experience in bringing drugs from concept to market through all phases of research, preclinical and clinical development in a small company environment. Most recently Dr. Picker was President of Tapestry Pharmaceuticals where he built the clinical development group and brought its lead cancer drug into several Phase II clinical trials. Previously, he was the Executive VP of R&D at Callisto Pharmaceuticals where he was responsible for licensing their two lead cancer programs and oncology preclinical programs and bringing these cancer drugs into Phase I and Phase II development. Dr. Picker in his career has also held senior executive positions at other companies where he was responsible for bringing numerous drug candidates into clinical development. He was also responsible for Satraplatin and Picoplatin, third generation platinum drugs which are currently in late stage clinical development. Although most of his experience has been in oncology drug development, he has also been involved in the areas of infectious disease, cardiovascular, dermatological and gastrointestinal pharmaceutical discovery and development.

Leonard Ivins, CEO of Edgeline Holdings, stated, "We are excited to have someone with Dr. Picker's extensive experience and track record in oncology to lead the development of the cancer pipeline that Edgeline Holdings has identified for licensing. The ability to bring these candidates as quickly as possible into development should build value for the shareholders of the company."

Wall Street News Alert is continuing to alert investors to monitor the progress of Edgeline Holdings, as the company moves forward with this subsidiary! The company also recently announced that it has signed an exclusive option agreement with The University of Texas M.D. Anderson Cancer Center which provides the company the right to negotiate a license for five technologies relating to the treatment of various cancers over a nine month period.

Additionally, Edgeline Holdings announced it has signed a Joint Development Agreement with Houston Pharmaceuticals to assist the company in obtaining a license for certain patents, several of which are from the University of Mississippi and the University of Louisiana. Houston Pharmaceuticals will continue collaborations with both universities and assist them in securing grants on behalf of the company.

Prior to the latest press release, the stock closed Tuesday at Forty Five cents a share.

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI010808/default.aspx.

Pharmasset, Inc. (NASDAQ: VRUS) up 32.7% on 2.1 million shares traded.

Pharmasset is a clinical-stage pharmaceutical company committed to discovering, developing and commercializing novel drugs to treat viral infections. Pharmasset's primary focus is on the development of oral therapeutics for the treatment of hepatitis B virus (HBV), hepatitis C virus (HCV) and human immunodeficiency virus (HIV).

EMC Corporation (NYSE: EMC) down 0.06% on 61.5 million shares traded.

EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information.

Gulf Resources, Inc. (OTCBB: GFRE) up 5% on 810,000 shares traded.

Gulf Resources, Inc. operates through two wholly owned subsidiaries: SCHC which is engaged in manufacturing and trading Bromine, which is used to manufacture a wide variety of compounds utilized in industry and agriculture, and Crude Salt in China; and SYCI which manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents.

Market Commentary:

"Housing was the bad news of the day, as Wall Street plunged and investors dealt with the fear of more trouble ahead for the housing market and mortgage lenders like Countrywide Financial Corp," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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