SOURCE: Wall Street News Alert

Wall Street News Alert

June 20, 2007 08:33 ET

Wall Street News Alert Issues Special Alert on UCPI! June 20, 2007

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

WESTON, FL--(Marketwire - June 20, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Unicorp Inc. (OTCBB: UCPI), AMD (NYSE: AMD), Abitibi-Consolidated Inc. (NYSE: ABY) and China Expert Technology, Inc. (OTCBB: CXTI).

Investors will be watching Unicorp Inc. (OTCBB: UCPI) this morning! Tuesday after the markets closed, the company (engaged in the acquisition, development, exploration and production of crude oil and natural gas) issued a press release announcing that it has completed the acquisition of producing properties in Welsh Field, Jefferson Davis Parish, Louisiana, which is its largest acquisition of producing properties to date.

This is great news for a company that already has five working projects already producing oil! Current production is approximately 42 barrels of oil per day gross (32 bopd net) from two active oil wells. The properties contain a total of fifteen wells including two saltwater injection wells. Unicorp has identified remedial opportunities in nine of the wells, which could restore total gross production to approximately 200 bopd (150 bopd net).

Unicorp plans to commence rework operations in July on six of the nine wells. If successful on the nine well remedial program, this property could provide monthly cash flow of approximately $225,000. Unicorp owns a 100% working interest and a 75% net revenue interest in this field. The purchase price was $1.3 million and was funded from Unicorp's recently announced $7.0 million convertible debenture.

This could be huge for the company, which has previously announced that it expects to triple its gross profit in fiscal 2007! "We are pleased to have completed this acquisition and believe this field has a lot of upside opportunity through low cost remedial work," stated Kevan Casey, CEO of Unicorp. "We previously announced that we were cash flow positive from operations, excluding non-cash charges, and believe this field could significantly add to our earnings and cash flow."

Before the news hit the wires, Unicorp's stock closed Tuesday at around Thirty Two cents a share.

For Wall Street News Alert's in-depth and updated profile of Unicorp, visit: http://www.WallStreetNewsAlert.com/HotStocks/UCPI061907/default.aspx

Unicorp Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.

AMD (NYSE: AMD) up 0.4% on 24.8 million shares traded. Advanced Micro Devices is a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets.

Abitibi-Consolidated Inc. (NYSE: ABY) down 1.6% on 10.9 million shares traded. Abitibi-Consolidated is a global leader in newsprint and commercial printing papers as well as a major producer of wood products, serving clients in some 70 countries from its 45 operating facilities. Abitibi-Consolidated is among the largest recyclers of newspapers and magazines in North America, diverting annually approximately 1.7 million tonnes of waste paper from landfills. It also ranks first in Canada in terms of total certified woodlands.

China Expert Technology, Inc. (OTCBB: CXTI) up 8.7% on 576,000 shares traded. China Expert Technology, Inc. is a company listed on the OTC Bulletin Board in the USA, with its subsidiaries (collectively the "Group") situated in Hong Kong and China. The group is specialized in providing large-scale network infrastructure construction (mainly e-government projects) for communities and municipal governments in China.

Market Commentary:

"Housing data, released by the Commerce Department, had May home starts fall by 2.1%, but the good news is that building permits were up 3%, slightly stronger than economists had estimated. The housing sector is not expected to perform much better or improve much for the remainder of 2007 according to housing experts," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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