Thirteen undiscovered or under researched emerging growth companies will present at the Flaherty Financial News / WallStreet Research Small Cap Conference II, at the Penn Club of New York , on Tuesday, August 14th

All-day event to be webcasted live at www.SmallCapConference.org

NEW YORK CITY, August 9, 2007 -- Flaherty Financial News (FFN-www.FlahertyFinancialNews.com) and WallStreet Research (WSR-www.WallStreetResearch.org) announced today that Thirteen emerging growth companies will present their corporate strategies  at the second joint  Flaherty Financial News/WallStreet Research Small Cap Conference on  Tuesday, August 14th, at the Penn Club of New York (www.PennClub.org), 30 W. 44th Street. For more information visit our joint website www.SmallCapConference.org.

This all day event begins with breakfast registration at 7:30 a.m. and a morning keynote on “The Best Returns on Wall Street,” by Anees Din, partner of Weiser LLP, which oversees audits of 60 hedge fund and financial service firms. This is an ideal opportunity for investors to forge vital links with outstanding companies in the competitive emerging growth marketplace. The conference will feature traditional corporate presentations, keynote speeches, five-star catering and ample networking opportunities. The noon keynote will be delivered by Laura Linehan, Director of Creative Research for Mario Gabelli's GAMCO Westwood Mighty Mites Fund, which owns over 200 emerging growth stocks and seeks bargains with market caps under $300 million in micro- and small-cap investments. During the day, CEOs will be interviewed, by Steve Crowley, host of the popular American Scene Radio talk show, which will be broadcast later in the week to its 3.5 million listeners throughout America . At the breakout luncheon with accredited investors one of the lucky CEOs will win a raffle prize-an interview by journalist Nicole Hunt of www.ItsAboutFinance.tv. Investors will also have the opportunity to meet one-on-one with the executives of presenting companies throughout the day and during the closing cocktails and hors d'oeuvres Parade of CEOs reception, which starts at 4:00 p.m. and ends at 5:45 p.m. To view the conference schedule, which is updated daily with the latest presenters, go to www.SmallCapConference.org/aug14schedule.html.

The corporate presentations will be made by AMDL, Inc. (AMEX: ADL), BioSante Pharmaceuticals, Inc. (AMEX: BPA), Biophan Technologies , Inc. (BIPH.OB), Bovie Medical Corp. (AMEX: BVX), Continental Energy Corp. (OTC: CPPXF), Global TransBiotech, Inc. (Private), HemoBioTech, Inc. (OTC BB: HMBT), Onstream Media Corp. (NASDAQ: ONSM), Samson Oil & Gas Ltd (Australian Stock Exchange: SSN, OTC Pink Sheets: SAEZF), Siberian Energy Group, Inc. (OTC BB: SIBN), Toronto Pictures, Inc. (OTC Pink Sheets: TPICF),   Vaughan Foods, Inc. (NASDAQ: FOOD) and ViRexx Medical Corp. (AMEX: REX). The companies to be presenting were selected by the FFN Chairman and the WSR analyst team.

Mr. Alan Stone, Managing Director of WSR, commented: "We have managed to gather a group of impressive companies with strong potential for rapid growth in their respective industries, continuing our noteworthy track record of introducing under researched and undervalued small cap companies to Wall Street investors."

Mr. Robert Flaherty, Chairman of FFN, explained: "Our bi-monthly event is becoming the leading platform for emerging small cap companies in NYC, giving them tremendous visibility and exposure to a strong investor audience." A NASDAQ market site interview with Mr. Flaherty, regarding the FFN/WSR conference series, by an vivacious TV journalist Nicole Hunt of ItsAboutFinance.tv is available at media4.streamtoyou.com/cadavis/conference.wmv.

To register to attend the event in person or view the webcast online or for more information, please visit our conference website at www.SmallCapConference.org. Conference admission is complimentary to qualified investment professionals such as fund managers, retail brokers, security analysts, media members and accredited investors. We request that everyone pre-register online and be approved. To do so please visit www.wallstreetresearch.org/confrega.php4 or www.SmallCapConference.org and hit register. Space at the conference is limited to professional and accredited investors, and therefore attendees must pre-register online and be confirmed. All of the individual live company webcasts by Onstream Media can be accessed at www.visualwebcaster.com/event.asp?id=40518, where they will be archived for 60 days following the event.  

About Flaherty Financial News  

Flaherty Financial News (FFN) is the publisher of totally-electronic coverage of the neglected micro and small- cap markets. It was recently launched by the "legendary financial editor" Bob Flaherty, Editor and Chairman of Flaherty Financial News Inc, together with his son Brian, who serves as President and Publisher. While previously serving as Chairman and Editor of Equities Magazine for 25 years until it was sold in September 2006, Bob was also Editor-in-Chief of Equities Special Situations, which had one of the most consistent and highest ranked long-run records measured by Hulbert Financial Digest. Previously, he was an award-winning Senior Editor at Forbes Magazine, where he wrote 33 cover stories, two shy of the all time record. He was also Chairman of The Over-The-Counter Securities Fund. Bob Flaherty is a Magna Cum Laude graduate of Harvard College in economics and also has an MBA with a Distinction in Finance from Harvard Business School .

About WallStreet Research

WallStreet Research (WSR) is a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC (ASC). The firm specializes in the micro- cap and small- cap investment arena, seeking emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength and outstanding long-term earnings growth possibilities. WSR has offices in Los Angeles , CA , Palm Beach , FL and New York City , NY . WSR is well known for discovering undervalued companies and bringing them to the attention of the investment community. Mr. Stone was previously a senior analyst and assistant portfolio manager at Merrill Lynch Asset Management, one of the largest mutual funds in high yield bonds and small cap equities, and was a senior analyst at the Prudential Capital Markets Group, involved in private placements. Mr. Stone is a Cum-Laude economics graduate of the Wharton School , University of Pennsylvania , with a high honors MBA in finance from New York University . He also completed additional studies in politics and economics at the London School of Economics.

This information is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities referred to herein or otherwise.

Contact:
Flaherty Financial News Inc.
Bob Flaherty, Editor and Chairman, 914-831-1151
Bob@FlahertyFinancialNews.com

            or

Wall Street Research
Alan Stone, Managing Director, 212-521-4102
AStone@AlanStone.com

Kevin Stone, 732-581-5280

KevinLStone@AlanStone.com

 
www.WallStreetResearch.org 

www.AlanStone.com