SOURCE: Wall Street News Alert

Wall Street News Alert

May 29, 2008 09:33 ET

Wall Street News Alert: TORO, Thursday's Hot Stock to Watch! May 29, 2008

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

WESTON, FL--(Marketwire - May 29, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Toro Ventures, Inc. (OTCBB: TORO), Akeena Solar, Inc. (NASDAQ: AKNS), First Solar, Inc. (NASDAQ: FSLR) and Petrobras (NYSE: PBR).

Toro Ventures, Inc. (OTCBB: TORO) is once again updating investors, and the company should have the attention of traders this morning. Yesterday after the markets closed, the company issued a press release announcing that it has been informed by Nitro Petroleum, Inc., the operator of the Crown Lease and the Quinlan #3 Lease, that Jerry Scott Drilling has commenced drilling of the Quinlan #3 Oil and Gas Lease.

Good news for TORO! The press release states: "As of Wednesday, drilling is right on schedule and we have passed through 4000 ft. We estimate that it will only take an additional 3 days to complete the drilling of the Quinlan #3." Toro is providing new up to date photos of the producing Crown Oil and Gas Lease and photos of the drilling on the Quinlan #3 Lease. Please visit www.toroventuresinc.com and go to the investor relations section for photos. Toro has spent $250,000 USD on the Crown Lease and is in production.

The Quinlan Lease is located in the Hunton Limestone formation and this is considered to be one of the best producing formations in Oklahoma. The region has produced in excess of 5.8 million barrels of Oil to date, with value of over $626 Million USD.

Nitro Petroleum, Inc., operator of the Crown Leases, has stated they are "extremely excited to be working with Toro. We are very eager to complete this larger project with Toro, the drilling of the Quinlan #3 well. The Quinlan Leases have a potential for offsets in a proven developed field. Initial production numbers from the Quinlan #1 were 334 barrels of oil a day and the #2 initial production was 298 barrels of oil per day so we are all excited to be moving onto this very productive lease."

Frederick Graham, President and CEO of Toro, stated that, "Toro has invested over $500,000 this year towards becoming a producing oil and gas company. The timeframe with which Toro has been able to go from an exploration-based company to now a producing company demonstrates the Company's ability to meet project milestones."

Toro will also be continuing to give more details on the Crown Lease as soon as possible. The Crown #1 well had not been perforated in the Hunton Lime Zone. Nitro Petroleum, Inc. elected to perforate the top 5 feet of the Hunton Zone. Nitro was successful in the perforation and expects this to increase production on the Crown #1. The Hunton Lime Zone and the First Wilcox formations have produced over 5.8 million barrels of oil.

Investors are urged to monitor the progress of the company! Toro Ventures, Inc. has moved aggressively into the Oil and Natural Gas exploration business. Oil and Gas prices are at high levels due to increased world energy demands and supply shortfalls. These higher prices should enable smaller and faster moving companies like Toro Ventures to be aggressive in acquiring further opportunities within the Sector.

Prior to the latest press release, the stock closed Wednesday at $1.98 a share.

For an in-depth profile of Toro Ventures, visit http://www.WallStreetNewsAlert.com/HotStocks/TORO052808/default.aspx.

Akeena Solar, Inc. (NASDAQ: AKNS) up 18.3% on 5.8 million shares traded. Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States.

First Solar, Inc. (NASDAQ: FSLR) up 3% on 5.5 million shares traded. First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs.

Petrobras (NYSE: PBR) up 4.3% on 17.5 million shares traded. Petroleo Brasileiro S.A., through its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks. The company supplies oil, liquefied natural gas, and natural gas to refineries in Brazil, as well as sells surplus production in Brazil and foreign markets.

Market Commentary:

"The Commerce Department reported that orders for durable goods, which include aircraft and machinery but also consumer items like cars, refrigerators and computers, slipped 0.5 percent. Wall Street had expected a steeper decline," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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