SOURCE: Wall Street News Alert

Wall Street News Alert

December 06, 2010 09:13 ET

Wall Street News Alert: Market Watch: Intelligent Living -- December 6, 2010

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

WESTON, FL--(Marketwire - December 6, 2010) - Wall Street News Alert's "stocks to watch" this morning are: Intelligent Living Corp. (OTCBB: ILVC), GE (NYSE: GE), Bank of America Corp. (NYSE: BAC) and Citigroup, Inc. (NYSE: C).

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Recently, Intelligent Living Corp. (OTCBB: ILVC) issued a press release announcing that it is moving forward on a three part joint venture strategy that targets First Nations housing, small footprint new and re-developed housing within the Greater Vancouver market and export markets for small home technology. According to the press release, the joint venture strategy combines ILC's energy management and automation expertise with established First Nations domestic and offshore wood supply and small footprint home manufacturing to achieve target joint venture annual revenue of $40 million.

"Canadian Mortgage and Housing Corporation and National Aboriginal Housing Association have estimated the immediate sustainable demand for First Nations housing in British Columbia at over 20,000 units per year. Amendment of residential zoning with the greater Vancouver region has created the opportunity for over 90,000 units of new construction infill housing. Migration to China's first and second tier cities has topped the equivalent of 5 million households annually since 2000 resulting in a critical shortage of energy efficient, pre-manufactured small footprint wood frame housing," stated Mr. Michael Holloran, President and CEO. "Our joint venture combines the expertise of established players to target these markets and is designed to achieve $20 million in revenue within 3 years and $40 million within 5 years. This level of revenue growth requires less than a 1% share of the greater Vancouver infill market and 1.5 % of the First Nations home market without contribution from off shore opportunities."

The stock closed yesterday at under a Penny a share.

GE (NYSE: GE) up 0.6% on 50.2 million shares traded.
GE is a diversified infrastructure, finance and media company taking on the world's toughest challenges.

Bank of America Corp. (NYSE: BAC) up 1.5% on 164.3 million shares traded.
Bank of America is one of the world's largest financial institutions.

Citigroup, Inc. (NYSE: C) up 0.6% on 360.3 million shares traded.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries.

Market Commentary:
The Lundberg Survey said Sunday that the price of regular gasoline is $2.91, The Associated Press reported. That's up 3.92 cents from two weeks ago.

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