October 08, 2009 08:42 ET

Wall Street News Alert: Stock in Focus: PGNE -- October 8, 2009

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

WESTON, FL--(Marketwire - October 8, 2009) - Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), Cell Therapeutics Inc (NASDAQ: CTIC), Exxon Mobil Corporation (NYSE: XOM) and Google Inc. (NASDAQ: GOOG).

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Yesterday after the markets closed, PrimeGen Energy Corporation (PINKSHEETS: PGNE) announced it has subscribed to the Pink Sheets OTC Disclosure and News Service so it can maintain transparency by reporting its quarterly and annual financial information through the service. The company has completed the necessary paperwork, submitted it to Pink OTC Markets Inc., which operates www.pinksheets.com and related websites, paid the required fee, and now has an account with log-in information for filing financial statements and other disclosure documents.

By reporting its quarterly and annual financial information through the Pink Sheets OTC Disclosure and News Service, the company will be placed in the "Current Information" designation at pinksheets.com. Pink OTC Markets Inc. provides the leading inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. The Current Information designation falls in the "Transparent" category as defined by the Pink Sheets.

"We have completed this first step as outlined by the Pink Sheets to be included in its 'Current Information' category," commented Robert Charlton, CEO of PrimeGen Energy Corp. "As we work to support the business of our Russian assets and the expected close of additional transactions, maintaining transparency will be an important factor so that PrimeGen can be accurately valued as a public company."

Subscribing to the OTC Disclosure and News Service is the first step to comply with the guidelines contained in "Pink OTC Markets' Guidelines for Providing Adequate Current Information." Subsequent steps that PrimeGen intends to take include the posting of quarterly and annual financial statements through the OTC Disclosure and News Service, publishing a quarterly letter from an attorney stating that the issuer's disclosure meets specified requirements and maintaining an SEC registered transfer agent. The quarterly and annual financial statements will be prepared in accordance with U.S. GAAP requirements. PrimeGen will post the required disclosure on www.pinksheets.com. Pink OTC Markets will verify that the company's quarterly or annual report, in addition to the attorney letter regarding completeness of disclosure, has been posted within 75 days after each quarter ended and within 120 days after each fiscal year-end.

The stock closed yesterday at Five cents a share.

Cell Therapeutics Inc (NASDAQ: CTIC) up 16.3% on 70.3 million shares traded.

CTI is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable.

Exxon Mobil Corporation (NYSE: XOM) up 0.1% on 15.3 million shares traded.

Exxon Mobil Corporation and ExxonMobil Foundation, the primary philanthropic arm of Exxon Mobil Corporation in the United States, engage in a range of philanthropic activities that advance education, health and public policy in the communities where ExxonMobil has significant operations.

Google Inc. (NASDAQ: GOOG) up 3.7% on 4.8 million shares traded.

Google's innovative search technologies connect millions of people around the world with information every day.

Market Commentary:

The dollar rose Wednesday, by 0.2 percent against a basket of currencies, emerging from a 10-day low yesterday against the euro and an eight-month low against the yen.

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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. For current services performed for PrimeGen Energy Corporation (PINKSHEETS: PGNE), WSCF has been compensated Five Million shares (One Million shares for current services and Four Million shares for previous services), by a third party, NorthStar Capital Corporation, who is non-affiliated and may hold a significant position in the stock. WSCF holds Nine Hundred Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. 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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