SOURCE: Wall Street News Alert

Wall Street News Alert

May 03, 2007 08:35 ET

Wall Street News Alert: KALG Is on the Move! May 3, 2007

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

WESTON, FL--(Marketwire - May 3, 2007) - Wall Street News Alert's "stocks to watch" this morning are: KAL Energy, Inc. (OTCBB: KALG), Conexant Systems, Inc. (NASDAQ: CNXT), Honeywell (NYSE: HON) and Citgroup Inc. (NYSE: C).

KAL Energy, Inc. (OTCBB: KALG) continues this morning with additional good news for investors! The company has just announced that a recent Bloomberg article (30-Apr, 2007) stated "Japan, China and South Korea will produce so many vessels that shipping costs, now at an all-time high, will fall 40 percent by 2010, according to futures contracts traded privately between banks, transportation companies and hedge funds."

"For KAL Energy this is great news as the thermal coal export business is sensitive to transportation cost. Should these forecast be realized, we will directly benefit from the reduced shipping cost of our thermal coal, yielding a more profitable business model, and a stronger earnings outlook," stated Cameron Reynolds, KAL Energy's CEO.

KAL Energy recently announced the completion of over 3000 meters of drilling of its Phase I exploration program. The company has exhibited an increase in productivity due to the build up of its on site infrastructure and personnel. The company anticipates the completion of Phase I within this quarter.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of KAL Energy! Last week the company announced that TRI-STATE Capital (TSC), has initiated a new upgraded rating on KALG to "Outperfom," and raising its 12-month target price from $3.30 to $4.00.

According to the company, KAL Energy's wholly owned subsidiary Thatcher Mining Pte. Ltd. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O'Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. With one of the world's largest thermal coal exporters Kaltim Prima Coal (KPC) as its neighbor, KAL energy's concessions are in a region that is known for its extensive open pit thermal coal producing mines. Indonesia has recently surpassed Australia as the world's leading thermal coal exporter, with prices varying from $30.00 to $60.00 plus per ton.

KLAG closed Wednesday at $1.22 a share.

For Wall Street News Alert's updated and in-depth profile of KAL Energy, visit http://www.WallStreetNewsAlert.com/HotStocks/KALG050207/default.aspx

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.

Conexant Systems, Inc. (NASDAQ: CNXT) up 1.3% on 5.9 million shares traded. Conexant's innovative semiconductor solutions are driving broadband communications and digital home networks worldwide.

Honeywell (NYSE: HON) up 0.7% on 10.7 million shares traded. Honeywell International is a $33 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.

Citgroup Inc. (NYSE: C) up 0.1% on 19.3 million shares traded. Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.

Market Commentary:

"The Energy Department said that supplies of crude oil rose by 1.1 million barrels through the week ending April 27, making the two-week increase to 3.2 million barrels. However, gasoline inventories were off slightly," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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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 Nineteen Thousand Dollars (Fifteen previously and Four currently) for coverage of KAL Energy (OTCBB: KALG), by a third party (Onyx Consulting Group LLC), 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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