WESTON, FL -- (MARKET WIRE) -- 03/30/07 -- Wall Street News Alert's "stocks to watch" this morning are: Superior Development Group, Inc. (PINKSHEETS: SDVG), Countrywide Financial Corporation (NYSE: CFC), Fannie Mae (NYSE: FNM) and Bear Stearns Companies Inc. (NYSE: BSC).

Superior Development Group, Inc. (PINKSHEETS: SDVG) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. Thursday after the markets closed, the company, a residential real estate development company, issued a press release announcing that due to the overwhelming response that it has received for its Lease Purchase Program aimed to curtail the fallout in the subprime lending market announced by the Company on March 21, 2007, it will create a Lease Purchase Mortgage subsidiary to further implement the program and work directly with mortgage brokers and realtors nationwide who are interested in the Lease Purchase Program.

Derrick D. Neal, President and CEO of Superior Development commented that, "As we continue to see the fallout in the subprime lending market, which has a direct affect on the housing market that has effects on home builders to first-time home buyers and existing home sellers, we continue to believe that the Lease Purchase method of purchasing a home is set to become a major force in the real estate market place." Mr. Neal also said that, "The mortgage company should be up and running within the next ninety day after an experience management team is in place.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Superior Development Group! Superior Development Group, Inc. is a publicly traded multi-faceted real estate development Company that primarily develops affordable single and multifamily housing communities. The Company operates through subsidiaries that purchase raw land or undervalued properties, improves them and profits from the investment through development fees, sales income or rental income. In addition to prospective real estate housing opportunities Superior Development has also entered into the business of Resort Hotel and Casino business with the planned acquisition of Triad Resorts, LLC, a Nevada Limited Liability Corporation.

Continue to watch this company.

Prior to the latest press release, the stock closed Thursday at $2.38 a share.

For Wall Street News Alerts in-depth profile of Superior Development Group, visit: http://www.thenewssvc.com/SDVG032907.html.

Countrywide Financial Corporation (NYSE: CFC) up 0.3% on 11.5 million shares traded. Countrywide Financial Corporation is a diversified financial services provider and a member of the S&P 500, Forbes 2000 and Fortune 500.

Fannie Mae (NYSE: FNM) up 1.2% on 4.7 million shares traded. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers.

Bear Stearns Companies Inc. (NYSE: BSC) up 2.3% on 4.4 million shares traded. Bear Stearns Companies Inc. is a leading financial services firm serving governments, corporations, institutions and individuals worldwide.

Market Commentary:

"Circuit City is looking to hire, that's because they just announced that they are laying-off 3,400 of its highest paid employees. Circuit City said that those higher-paid employees are free to take positions in the lower paying tiers. Wow, what a deal," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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