Wall Street News Alert's "stocks to watch" this morning are: GeoBio Energy, Inc. (PINKSHEETS: GBOE), GE (NYSE: GE), Waste Management, Inc. (NYSE: WMI) and Gilead Sciences, Inc. (NASDAQ: GILD).

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There is important news coming from GeoBio Energy, Inc., d/b/a Plastics Conversion Technologies, Inc., (PCT) (PINKSHEETS: GBOE). Yesterday after the markets closed, the company, a Washington based plastics cleaning, separation, and recycling company, issued a press release announcing a strategic agreement with Central Manufacturing, Inc. of Groveland, Ill.

Under terms of this alliance, Central will provide the design, manufacture, and testing of several high-volume scrap separation processing units for use in PCT's soon-to-be constructed first operating facility.

In addition to the contract for production of this equipment, Central has granted PCT certain intellectual property (IP) rights in the designs contemplated, as well as certain discounts to the manufacturing prices, and the parties intend that these assets will be valued and exchanged for stock in PCT.

"We see tremendous opportunity in working with PCT and its founder Gary De Laurentiis, and are excited about the company's proprietary cleaning and separation processes," said Central CEO Mike McLemore. "And, we want to be a long-term participant in their growth and success. The best way for us to do that was to be true partners with them from the outset, and thus we've come to this agreement today."

The initial project will be comprised of a feed flow regulator, rotary (trommel) screen, foam separator(s), light/heavies separator(s), grinders and various transfer conveyors, representing a total financial requirement of approximately $2,000,000.

Once commenced, production time for these units will be about 24 weeks. Units will be built and tested at Central's Groveland facility, then shipped for installation to PCT's first plant, currently projected to be in Oregon or Wisconsin. Combining the purchase of the equipment and the development of the plant, the total financial outlay and asset value is expected to be $13,000,000.

Said Mr. De Laurentiis: "Working with Central and Mike in the past has convinced me that they are among the best at what they do. They design and build solid units at realistic costs, and have a history of delivering on time and on budget. Mike and his team are the perfect partners for Plastics Conversion Tech, and I'm extremely gratified by their commitment to this new endeavor."

The stock closed yesterday at under a Penny a share.

GE (NYSE: GE) down 0.7% on 82.4 million shares traded.

General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

Waste Management, Inc. (NYSE: WMI) up 1.4% on 3.9 million shares traded.

Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Our subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services.

Gilead Sciences, Inc. (NASDAQ: GILD) up 0.1% on 7.4 million shares traded.

Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need.

Market Commentary:

Banks came into focus when Citigroup Inc. and Bank of America Corp. were told they need to raise more capital based on preliminary results of their government-run "stress tests," unless the banks can prove to regulators the results were mistaken. Bank of America fell 77 cents, or 8.6 percent, to $8.15, while Citigroup fell 18 cents, or 5.9 percent, to $2.89.

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