SOURCE: Wall Street News Alert

Wall Street News Alert

March 11, 2008 09:48 ET

Wall Street News Alert: Market Alert for Tuesday: CPYE! March 11, 2008

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

WESTON, FL--(Marketwire - March 11, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE), WJ Communications Incorporated (NASDAQ: WJCI), Impac Mortgage Holdings, Inc. (NYSE: IMH) and Fremont General Corporation (NYSE: FMT).

There is major breaking news issued by Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE), and the numbers should have the attention of investors looking to possible benefit from the explosive video game industry. Yesterday after the markets closed, the company, a developer, publisher and marketer of interactive entertainment software in North America and Western Europe, issued a press release announcing that it expects to report over $5 million in revenues (unaudited) for the three months ended December 31, 2007!

This is incredible news for the company, and its investors, as the press release states that this represents a year-over-year increase in sales of 2824% compared to $171,000 reported in the fourth quarter of 2006. Fourth quarter 2007 revenues grew 194% compared to $1.7 million reported in the third quarter of 2007. For the year ended December 31, 2007, Conspiracy expects to report over $7.5 million in revenues (unaudited), compared to $803,493 (audited) for the year ended December 31, 2006. The Company's actual financial results will be filed on Form 10-KSB at by mid-April.

Sirus Ahmadi, president of Conspiracy Entertainment, said, "We are very pleased to continue our strong sales trend in the second half of 2007. In the fourth quarter, we released over 10 titles, many of which have been successes. Our launch of the Nintendo Wii: Winter Sports game in December 2007 quickly lead to large reorders, and continues to increase our sales in the first quarter of 2008. We now have 10 to 20 additional games on all major platforms scheduled for release in 2008, and are well-positioned to continue our sales momentum throughout 2008."

Keith Tanaka, CFO of Conspiracy Entertainment, said, "Our consistent quarter-to-quarter improvements in 2007 is a result of gaining manufacturing approval on a number of our licensed, popular gaming titles, as well as securing new distributorships to release highly-anticipated games into North American retail stores. Fourth quarter and year-end revenues in 2007 have set the foundation for what we believe will be a year of top-line growth in 2008."

The stock closed Monday at around Nine cents a share.

For Wall Street News Alert's in-depth profile of Conspiracy Entertainment Corp., visit

In case you are not familiar with the company: Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and videogame consoles, including those manufactured by Nintendo, Sony Computer Entertainment, and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.

WJ Communications, Inc. (NASDAQ: WJCI) up 12.9% on 6.9 million shares traded. WJ Communications, Inc. is a leading provider of radio frequency (RF) solutions serving multiple markets targeting wireless communications, RF identification (RFID), WiMAX, and RF power solutions. WJ addresses the RF challenges in these multiple markets with its highly reliable amplifiers, mixers, RF integrated circuits (RFICs), RFID reader modules, chipsets, and multi-chip (MCM) modules.

ERU Mortgage Holdings, Inc. (NYSE: IMH) up 5.8% on 483,000 shares traded. Impac Mortgage Holdings, Inc. is a mortgage REIT, which through its Long Term Investment Operations is primarily invested in non-conforming Alt A mortgage loans (Alt-A) and to a lesser extent small balance commercial and multi-family loans.

Fremont General Corporation (NYSE: FMT) even on 3.9 million shares traded. Fremont General Corporation is a financial services holding company with $8.8 billion in total assets, at September 30, 2007. The Company is engaged in deposit gathering through a retail branch network located in the coastal and Central Valley regions of Southern California and residential real estate mortgage servicing through its wholly-owned bank subsidiary, Fremont Investment & Loan.

Market Commentary:

"The Commerce Department that said U.S. wholesale inventories rose in January by 0.8 percent, more than expected, and that sales at U.S. wholesalers rose 2.7 percent, their widest jump since March 2004," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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