SOURCE: Wall Street News Alert

Wall Street News Alert

June 26, 2008 08:33 ET

Wall Street News Alert Issues Special Alert on IDMV! June 26, 2008

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

WESTON, FL--(Marketwire - June 26, 2008) - Wall Street News Alert's "stocks to watch" this morning are: IndieMV Media Group, Inc. (OTCBB: IDMV), Google (NASDAQ: GOOG), Microsoft (NASDAQ: MSFT) and CBS Corp. (NYSE: CBS).

Having recently announced that the Philippines would be the entry point for the Company's Asian expansion, IndieMV Media Group, Inc. (OTCBB: IDMV) and the company should have the attention of investors this morning. 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 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.

This is good news for the company! IndieMV CEO, Ricardo Khayatte Jr., made the announcement. Mr. Khayatte stated, "We welcome Mr. Palmer to the Board and are looking forward to both his contributions and drawing on his extensive experience with public companies as we target potential acquisitions and joint ventures as part of our growth strategy."

Mr. Palmer has over thirty years of wide experience in management, board governance and business strategy. Mr. Palmer holds a degree in Mechanical Engineering and graduated from Northwestern University with an MBA. For many years, he was a partner in Western Management Consultants, a leading Canadian consulting firm, and chaired that firm for 5 years. Since 2002, Mr. Palmer has served as a corporate director and senior advisor to a number of companies, engaged in manufacturing, distribution, engineering, environmental services and mineral exploration, with operations in Canada, the USA and internationally.

Investors are urged to continue to monitor the progress of the company! Last week the company reported 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 Wednesday at Fifty One cents a share.

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

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Google (NASDAQ: GOOG) up 1.6% on 4.1 million shares traded. Google's innovative search technologies connect millions of people around the world with information every day.

Microsoft (NASDAQ: MSFT) up 2.2% on 64.2 million shares traded. Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

CBS Corporation (NYSE: CBS) up 2.8% on 6.5 million shares traded. CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry.

Market Commentary:

"The Commerce Department reported Wednesday that new homes were sold at a seasonally adjusted annual rate of 512,000 units in May, down 2.5 percent from the April level. The median price of a new home sold last month fell to $231,000, down 5.7 percent from a year ago," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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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. WSCF has been compensated Fourteen Thousand Dollars for services performed for IndieMV Media Group, Inc. (OTCBB: IDMV), by third party, Geneva Bank Corp., who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. 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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