Wall Street News Alert: Stock to Watch: Navajo Wind Energy -- July 22, 2009

  Wall Street News Alert's "stocks to watch" this
morning are: Navajo Wind Energy Corp. (formerly Caliber Energy Inc.)
(PINKSHEETS: CLBN), Apple, Inc. (NASDAQ: AAPL), Exxon Mobil Corp. (NYSE: XOM) and Starbucks Corporation (NASDAQ: SBUX).

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There is major breaking news coming from Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN), as the company has just inked a wind turbine manufacturing supply agreement with an estimated value of US$65 Million.

Yesterday after the markets closed, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has signed a wind turbine manufacturing supply agreement (the "Agreement") for the delivery and commissioning of 53 750 KW wind turbines to China Lao Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its 120.80 MW wind farm project in Liaoning Province, China (the "China Lao Gaixian Project").

"We are quite excited about the Agreement for the China Lao Gaixian Project. This project has a strategic value to Navajo as it represents our first order through our joint venture with Mingchuang Energy Manufacturing Co. Ltd.," said Barry Doyle, President and Chief Executive Officer of Navajo. "We are pleased to be working with a proven developer such as PCA Wind Power OA Inc. and we look forward to the beginning of the manufacturing phase of this agreement."

The Agreement includes provisions for supplying the China Lao Gaixian Project with 53 complete wind turbines, as well as testing and commissioning services. As is common practice for agreements of this nature in the wind industry, the turbine supply agreement is subject to a "notice to proceed," to be given by China Lao Gaixian Wind L.P. once a number of condition precedents have been met to PCA Wind Power's satisfaction and once final permitting, approvals and financing have been obtained by both parties. Under the Agreement, delivery of turbines would occur during the second quarter of 2010 provided that a notice to proceed is given in the fall of 2009. The Agreement also provides for operations and maintenance services to be provided to China Lao Gaixian Wind L.P. over a two-year period. This agreement is anticipated to result in approximately US$65 million in revenue over its duration.

The stock closed yesterday at a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_072109.

Apple, Inc. (NASDAQ: AAPL) down 0.9% on 31.2 million shares traded.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh.

Exxon Mobil Corporation (NYSE: XOM) up 2.2% on 25.9 million shares traded.

Exxon Mobil Corporation is one of the leading international energy companies whose subsidiaries have operations in most of the world's countries.

Starbucks Corporation (NASDAQ: SBUX) down 1.5% on 16.7 million shares traded.

Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world.

Market Commentary:

Benchmark crude for August delivery rose 76 cents to $64.74 a barrel on the New York Mercantile Exchange. That's more than $5 above last Tuesday's closing price.

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