SOURCE: Wall Street News Alert

Wall Street News Alert

October 16, 2007 09:28 ET

Wall Street News Alert Issues Special Alert on IDGI! October 16, 2007

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

WESTON, FL--(Marketwire - October 16, 2007) - Wall Street News Alert's "stocks to watch" this morning are: INCA Designs, Inc. (PINKSHEETS: IDGI), New Oriental Education and Technology Group Inc. (NYSE: EDU), Fuel Tech Inc (NASDAQ: FTEK) and China Petroleum & Chemical Corporation (NYSE: SNP).

INCA Designs, Inc. (PINKSHEETS: IDGI) is a new stock to place on your radar and watch as Wall Street News Alert initiates coverage of the company. The company, a boutique design house that designs a line of swimwear, resort wear and accessories for the wholesale and retail markets under the brand names of inca, incagirl, incabag and inca jr, issued a press release early this morning announcing that bombshell actress Carmen Electra kicked off her "How to be Sexy" book tour in New York City with a quick swimwear shopping spree in the INCA showroom.

This could be additional great news for IDGI investors, as according to this morning's press release, with the help of INCA's top creative management, Stephanie Hirsch and Stacy Josloff, Carmen chose sexy bikinis and cover-ups. An INCA signature beaded bikini and caftan was recently featured in U.S. Weekly's Memorial Day "Hot Bodies" issue for Carmen's "Sexy Starter Kit" gift bag!

Carmen Electra has enjoyed a glamorous career in television, film, theater, and modeling. Famously a star of "Baywatch," she has appeared in over 35 movies and 56 television shows, including the recent "Cheaper by the Dozen 2," "Scary Movie 4," and as the host of "Singled Out" on MTV. Carmen is the face behind the Hollywood make-up line, MAX Factor and is featured in their glamorous ad campaigns.

Stacy Josloff, the Company's Chief Executive Officer, stated: "We were excited to spend time with Carmen and discover that she loves our line of swimwear and accessories. The fact that she is such a high profile actress and model who is constantly in the media limelight speaks volumes about what she thinks about INCA Designs and the image she is portraying by enjoying our very unique line of swimwear. We really couldn't ask for someone more lovely than Carmen to wear our sexy styles."

Wall Street News Alert is alerting aggressive investors to watch INCA Designs closely! INCA's unique designs, innovative sourcing, product positioning, wide range of price points, and commitment to branding attracts a customer seeking a "resort lifestyle experience." INCA's cross-generational collection emphasizes beautiful fabrics and great fit. Recognizing a void in the market for luxury-inspired swimwear, resort wear and accessories at an accessible price point, INCA's collection embodies cohesive, sophisticated, yet wearable clothing and accessories for women and girls of all ages and backgrounds.

The press release states that prominently featured in the top fashion publications of Vogue, Elle, InStyle, and Town & Country, the INCA line is a favorite among celebrities including Denise Richards, Kelly Ripa, and Carmen Electra. INCA products are available at luxury departments and specialty stores including Barneys New York, Scoop, and Intermix, and can also be purchased online. Flagship boutique stores in New York and Miami are slated to open in late 2007.

Before the news was released, the stock closed Monday at $1.15 a share.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

New Oriental Education and Technology Group Inc. (NYSE: EDU) up 12.5% on 1.7 million shares traded. New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.

Fuel Tech Inc (NASDAQ: FTEK) up 9.5% on 1.3 million shares traded. Fuel Tech is a leading technology company engaged in the worldwide development, commercialization and application of state-of-the-art proprietary technologies for air pollution control, process optimization, and advanced engineering services. These technologies enable customers to produce both energy and processed materials in a cost-effective and environmentally sustainable manner.

China Petroleum & Chemical Corporation (NYSE: SNP) up 11.1% on 1.9 million shares traded. Sinopec Corp. is the first Chinese company that has been listed in Hong Kong, New York, London and Shanghai. The Company is an integrated energy and chemical company with upstream, midstream and downstream operations.

Market Commentary:

"Reporting earning this week will be Citigroup Inc., Bank of America, JPMorgan Chase, Wachovia, and Wells Fargo. All are heavily invested in the subprime mortgage securities that have been such a pain-in-the bottom line for companies. Citigroup reported that third-quarter net income dropped to $2.38 billion from $5.51 billion the previous year quarter, a drop of 57%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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