12-20-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Chip Cutter, AP Business Writer

Stocks edge up after Obama extends tax cuts

Stocks open higher after President Barack Obama signs $858 billion tax package

NEW YORK (AP) — An extension of tax cuts for all Americans is sending stocks higher.

All three major indexes are rising Monday after President Barack Obama signed a $858 billion package Friday renewing tax cuts for another two years and extending expiring unemployment benefits through next year. The package is expected to boost economic growth, although critics say it could also fuel higher inflation.

At the opening, the Dow Jones industrial average is up 15, or 0.1 percent, to 11,507. The Standard & Poor's 500 index is up 3, or 0.3 percent, to 1,247. The Nasdaq composite index is up 9, or 0.3 percent, to 2,652.

Bond prices are rising, sending yields lower. The yield on the 10-year Treasury note fell to 3.28 percent from 3.33 percent late Friday.

Yesterday's Top Performing Small Cap Stock:

Concordis Group, Inc. (Pink Sheets: CNGI)

Concordis Group, Inc. was a SmallCapVoice.com top performer closing up over 33% on trading volume of 1,000 shares.

Concordis Group, Inc. is a diversified holding company that provides investment brokerage services and business insurance products for its clients. Concordis Group, Inc. provides investment products and risk management solutions through its two wholly owned subsidiaries, Concordis Insurance SPC and Puritan Securities, Inc.

Concordis Group's go-to-market strategy is based upon strong organic growth combined with strategic acquisitions of companies in the financial services and insurance industries that create additional synergy, have positive cash-flow, exhibit strong long-term growth potential, and have highly qualified management teams.

Today's SmallCapVoice.com Hot Stock to Watch:

Tootie Pie Company TOOT

Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales, orders via telephone and internet on the Company's website. The corporate segment serves businesses that purchase pies as a way to promote their company through client and employee appreciation programs. The wholesale segment is made up of national and regional broad line grocery and foodservice distributors who purchase pies and then resell them through their respective sales distribution channels.

Other Small Cap News

Nanosphere, Inc. NSPH

Study Shows Nanosphere Verisens(TM) cTnI Ultra-Sensitive Troponin I Assay Predicts Heart Failure Deterioration

NORTHBROOK, Ill., Dec. 17, 2010 (GLOBE NEWSWIRE) — A clinical study released online by the European Journal of Heart Failure, a publication of the European Society of Cardiology, demonstrates the value of using Nanosphere's NSPH Verisens(TM) cTnI assay (RUO) to detect very low levels of troponin I in hospitalized patients with heart failure.

Pacific Ethanol, Inc. PEIX

Pacific Ethanol, Inc. Renews Kinergy's Credit Facility With Wells Fargo for Three Years and Increases Line to $20 Million

SACRAMENTO, Calif., Dec. 20, 2010 (GLOBE NEWSWIRE) — Pacific Ethanol, Inc. (PEI) PEIX, the leading West Coast marketer and producer of low-carbon renewable fuels, announced that it has renewed the credit facility of its subsidiary, Kinergy Marketing LLC, with Wells Fargo Capital Finance, LLC. The renewal extends the term for an additional three years and increases the maximum amount of the credit facility from $15 million to $20 million. The credit facility matures on December 31, 2013.

Uranium Energy Corp (NYSE Amex: UEC)

Uranium Energy Corp Reports Excellent Phase-One Drill Results at Salvo Project in South Texas

Company leases additional 2,541 acres along trend

CORPUS CHRISTI, TX, Dec. 20 /PRNewswire/ – Uranium Energy Corp is pleased to announce strong phase-one exploration drilling results at the Company's Salvo project located in Bee County, approximately 50 miles from the Company's Hobson processing facility in South Texas. The objective of this drilling program, initiated November 8, 2010, is to verify and expand the NI 43-101 historic resource of 1.5 million pounds of U3O8 as reported on July 19, 2010. This release reports results from the first 43 holes of the phase-one campaign, with the remainder to be drilled in January.

Lpath, Inc. LPTN

Lpath Grants Pfizer Exclusive Option for Worldwide License for iSONEP

SAN DIEGO, CA–(Marketwire – 12/20/10) – Lpath, Inc. (OTC.BB:LPTN) has entered into an agreement providing Pfizer PFE with an exclusive option for a worldwide license to develop and commercialize iSONEP™, Lpath's lead monoclonal antibody product candidate, which is being evaluated for the treatment of wet age-related macular degeneration (wet AMD) and other ophthalmology disorders.

Idera Pharmaceuticals, Inc. IDRA

Idera Pharmaceuticals Announces Preliminary Data from Phase 1 Clinical Trial of IMO-2125 in Treatment-Naïve Genotype 1 HCV Patients

-Outlines Phase 2 Clinical Development Plan-

CAMBRIDGE, Mass.–(BUSINESS WIRE)– Idera Pharmaceuticals, Inc. IDRA announced today preliminary data from a 4-week dose-ranging Phase 1 clinical trial of IMO-2125 in combination with ribavirin in 60 treatment-naïve patients with genotype 1 chronic hepatitis C virus (HCV) infection. In the trial, treatment with IMO-2125 in combination with ribavirin was well tolerated and achieved substantial decline in virus levels at two days after the first dose of IMO-2125 and after four weeks of treatment. IMO-2125 is a Toll-like Receptor 9 (TLR9) agonist which stimulates production of natural interferons and other antiviral cytokines.

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