Wall Street News Alert: ELHI Is Friday's Stock to Watch! August 3, 2007

Market Wire, August, 2007

Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Pharmion Corporation (NASDAQ: PHRM), BluePhoenix Solutions Ltd. (NASDAQ: BPHX) and FiberTower Corporation (NASDAQ: FTWR).

Investors looking to benefit from high technology sectors should have a close eye on Edgeline Holdings, Inc. (OTCBB: ELHI). Thursday after the markets closed, the company, a proprietary technology and intellectual property developer and incubator, issued a press release announcing that it has formed a strategic technology advisory board to guide the company's efforts in technology development and incubation.

This additional news should be welcomed by investors, as the company also announced this week that its Beta version of its application layer attack sensor (ALAS), which is a key component of its Secure SIP Technology initiative and addresses the billion dollar VOIP market, will be ready for customer evaluation within 60 days. This technology is part of its recent acquisition of Secure Voice Communications, Inc.

The board will be tasked with leading Edgeline in developing market leading technologies in three sectors: information technology, biotechnology and clean technologies including solar power. The strategic technology advisory board's first task will be to assist portfolio company, Secure Voice, in establishing itself as an early leader in the secured voice space.

This technology, together with the world-wide boom in VoIP and IP Telephony, should excite investors! IP telephony is a revolutionary technology with the potential to completely rework the world's phone systems. It is constantly gaining popularity and the number of IP telephony enabled networks continues to grow rapidly. It should come as no surprise that these networks are a prime target for different types of attacks. IP telephony enabled networks are complex. The potential targets and vulnerabilities are numerous and so are the different types of attacks that might be utilized. The importance of this kind of product to the market is obvious, knowing the availability demands put on the telephony services of today. The Company's approach is unique and Secure Voice is pursuing a patent for this unique technology.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Edgeline Holdings! Recently acquired, Secure Voice's addressable market is the worldwide commercial and enterprise communications sector. Secure Voice owns copyrighted technology developed and acquired from the University of California, Davis. To date, most information security efforts have been focused on the entire corporate network, with the assumption that if voice runs across the network, it is as safe as other network data. However, cyber crime is getting more sophisticated and voice-specific defensive measures and technologies will be needed moving forward.

Prior to the latest press release, the stock closed Thursday at $1.39 a share.

For an in-depth profile of Edgeline Holdings, visit http://www.WallStreetNewsAlert.com/HotStocks/ELHI080207/default.aspx

In case you are not familiar with the company: Headquartered in Houston, Texas, Edgeline Holdings, Inc. is a publicly traded holding company that specializes in the area of discovering and acquiring leading-edge niche technologies. These technologies will be incubated and nurtured into market ready applications. Edgeline's current and prospective portfolio consists of early stage companies that require management expertise to further develop the technology to ultimately maximize the value of such technologies by bringing them to market through licensing arrangements and partnerships.

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com , where you may also sign up to receive free email alerts in advance of our press releases being issued.

Pharmion Corporation (NASDAQ: PHRM) up 58.4% on 12.4 million shares traded. Pharmion is a leading global oncology company focused on acquiring, developing and commercializing innovative products for the treatment of hematology and oncology patients in the U.S., Europe and additional international markets.

BluePhoenix Solutions Ltd. (NASDAQ: BPHX) up 17.1% on 1.7 million shares traded. BluePhoenix Solutions is a leading provider of value-driven modernization solutions for legacy information systems. BluePhoenix offerings include a comprehensive suite of tools and services from global IT asset assessment and impact analysis to automated database and application migration, rehosting, and renewal.

FiberTower Corporation (NASDAQ: FTWR) up 6.8% on 3.6 million shares traded. FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class microwave and fiber networks in 12 major markets, customer commitments from six of the leading cellular carriers, and partnerships with the largest tower operators in the U.S, FiberTower is considered to be the leading alternative carrier for wireless backhaul.