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Wall Street News Alert: Hot Stock on the Move: GCHK - March 10, 2009

Wall Street News Alert's "stocks to watch" this morning are: GreenChek Technologies Inc. (OTCBB: GCHK), Bank of America Corp. (NYSE: BAC), Fluor Corporation (NYSE: FLR), and Valero Energy Corporation (NYSE: VLO).

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GreenChek Technologies Inc. (OTCBB: GCHK) should be a target of aggressive investors and day traders this morning! Yesterday after the markets closed, the company, which provides an innovative world class mobile Greenhouse Gas (GHG) emissions reduction technology, announced that Tianjin Sherma in Tianjin, China, has committed a 4,000 square foot facility in Tianjin, China, for the manufacture of GreenChek's ERD technology. Management anticipates that the new state-of-the art manufacturing plant will be operational in eight weeks.

Management and its engineering team have determined the production capacity for the facility to be 1050 units per production line per month. At current prices, this translates into roughly $50.4 million dollars in annual revenue per production line, at full capacity.

This could be big news for the company as GreenChek's President Lincoln Parke noted, "The manufacturing facility in Tianjin, China will enable our company to address the growing demand for emission reduction devices in multiple markets. The new US EPA standards indicate that there is an increasing demand for these devices. The manufacturing facility further illustrates that GreenChek is well positioned at the forefront of this new green economy."

This step in the strategic plan is designed to move GreenChek rapidly towards becoming a dominant player in emission reduction technology. GreenChek is confident that given its projected sales forecast and marketing initiative in North America, combined with its growing network in Europe, that it is uniquely positioned to benefit from the extraordinary combination of historic and steadily increasing traditional energy costs and the global demand to drastically reduce emissions.

The stock closed yesterday at Thirty cents a share.

For an in-depth profile of GreenChek Technologies Inc., visit http://wallstreetnewsalert.com/profiles/GCHK_030909/.

Bank of America Corp. (NYSE: BAC) up 19.4% on 298.1 million shares traded. Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.

Fluor Corporation (NYSE: FLR) up 5.4% on 10.1 million shares traded. Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management.

Valero Energy Corporation (NYSE: VLO) up 2.4% on 9 million shares traded. Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and 2007 revenues of more than $95 billion.

Market Commentary:

Currency News: The dollar rose against the other major currencies Monday, hitting its highest point against the Canadian dollar in more than four years. The greenback gained to 1.2959 Canadian dollars in late New York trading from 1.2888 late Friday. Earlier in the session, the greenback peaked at 1.3064 Canadian "loonies" -- its strongest level since September 2004.

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