SOURCE: Wall Street News Alert

Wall Street News Alert

September 26, 2007 09:32 ET

Wall Street News Alert Issues Special Alert on MMTE! September 26, 2007

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

WESTON, FL--(Marketwire - September 26, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Mammoth Energy Group Inc. (PINKSHEETS: MMTE), EchoStar Communications Corporation (NASDAQ: DISH), Marathon Oil Corporation (NYSE: MRO) and ASAT Holdings Limited (NASDAQ: ASTT).

Investors looking to possibly benefit from the energy sector are going to want to watch Mammoth Energy Group Inc. (PINKSHEETS: MMTE) as Wall Street News Alert initiates coverage of the company. Tuesday after the markets closed, the company issued a press release announcing that it has completed its re-organization by the sale of its prior assets to the original owners leaving the company free of the majority of the debt previously incurred to move forward on new projects.

This could be great news for the company! According to the press release, Mammoth, through its newly created wholly owned subsidiary, United Gas OK, Inc. has obtained the drilling rights to a gas field in an area of Oklahoma with producing gas wells and known production. The field would allow up to 60 wells to be drilled and management believes that the shallow wells will provide a consistent and reliable cash flow for the company for the next 5-10 years when completed.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Mammoth Energy Group! "We are very pleased with how this project is coming along," said Joe Overcash, Mammoth's Chief Executive Officer. "We believe that this project will become our foundation for future success." This is a limestone formation which provides high probability of natural gas and occasionally some oil. These wells produce at depths around 800 feet and are very economical to drill. We plan to drill 3 wells at a time which will allow the best cost/well. As such, it is our goal to quickly expand our production base in Noble and Kay County by having about 30 or more wells on-line by year end." United acquired the rights to the property in June of 2007.

Prior to the press release, the stock closed Tuesday at Seventy Five cents per share.

For Wall Street News Alert's in-depth and updated profile of Mammoth Energy Group, visit:

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In case you are not familiar with the company: Mammoth, through its wholly owned subsidiary, United Gas OK, Inc. is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay Counties of Oklahoma which is approximately 1,400 acres.

EchoStar Communications Corporation (NASDAQ: DISH) up 6.8% on 4.1 million shares traded. EchoStar Communications Corporation has been a leader for more than 26 years in satellite TV equipment sales and support worldwide. The Company's DISH Network™ is the fastest-growing pay-TV provider in the country since 2000 and currently serves more than 13.585 million satellite TV customers.

Marathon Oil Corporation (NYSE: MRO) down 1.4% on 5.5 million shares traded. Marathon is one of the largest U.S.-based fully integrated international energy company engaged in exploration and production; integrated gas; and refining, marketing and transportation operations.

ASAT Holdings Limited (NASDAQ: ASTT) up 30% on 704,000 shares traded. ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 18 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products.

Market Commentary:

"In housing, homes sales were off by 4.3% in August for existing homes, the lowest in five years, according to a report released by the National Association of Realtors. This would make a seasonally adjusted rate of 5.50 million units, not so great but better than the 5.49 million counts that economists had predicted for August," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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