SOURCE: Wall Street News Alert

Wall Street News Alert

November 03, 2009 09:08 ET

Wall Street News Alert: Stock on the Move: GCHT - November 3, 2009

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

WESTON, FL--(Marketwire - November 3, 2009) - Wall Street News Alert's "stocks to watch" this morning are: GC China Turbine Corp. (OTCBB: GCHT), GE (NYSE: GE), BP plc (NYSE: BP) and Chevron Corporation (NYSE: CVX).

Yesterday, GC China Turbine Corp. (OTCBB: GCHT) issued a press release announcing that on October 30, 2009 (the "Closing Date"), GC China Turbine Corp., a Nevada corporation, closed a voluntary share exchange transaction with a wind turbine manufacturer based in China pursuant to a Share Exchange Agreement (the "Exchange Agreement") by and among the Company and related parties collectively referred to as "GC Nordic Group."

At the closing of the Exchange Transaction the Company issued 32,383,808 shares of its common stock to the sole stockholder of GC Nordic Group for 100% ownership of GC Nordic Group. US$ 10,000,000 in previously issued convertible promissory notes was converted into 12,500,000 shares of the Company's common stock. Immediately prior to the Exchange Transaction, the Company had 7,686,207 shares of common stock issued and outstanding. Immediately after the Exchange Transaction and notes conversion the Company has 52,570,015 shares of common stock issued and outstanding.

As previously announced, as of September 4, 2009, Mr. Hou Tie Xin, Ms. Qi Na and Mr. Xu Jia Rong and as of October 16, 2009, Mr. Christopher Walker Wadsworth were appointed to the Company's board of directors. Mr. Hou was appointed as Chairman of the board of directors. Effective as of the Closing Date, Mr. John J. Lennon resigned as Chief Executive Officer, President, Chief Financial Officer, Secretary and director, and Ms. Qi was appointed as Chief Executive Officer, Ms. Zhao Ying was appointed as Chief Financial Officer and Mr. Tomas Lyrner was appointed as Chief Technology Officer. Mr. Marcus Laun remains as a director.

Further details regarding the Company and details of the share exchange agreement, additional debt and equity financing agreements and further information about the business, financial condition and management of GC China and related parties are all filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

The stock closed yesterday at $2.75 a share.

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GE (NYSE: GE) up 1.4% on 101.1 million shares traded. General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

BP plc (NYSE: BP) up 1.1% on 5.5 million shares traded. BP is one of the world's largest energy companies, with interests in more than 100 countries and over 96,000 employees.

Chevron Corporation (NYSE: CVX) up 0.1% on 11.2 million shares traded. Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business across the globe.

Market Commentary:

The Institute for Supply Management said its index of national factory activity rose to 55.7 in October from 52.6 in September. The median forecast of 74 economists surveyed by Reuters was for a reading of 53.

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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 GC China Turbine Corp. (OTCBB: GCHT), WSCF has been compensated a total of Nineteen Thousand Dollars by third party, Alex Inc., who is non-affiliated and may hold a significant position in the stock. 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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