29 Mar 2006, 08:52 AM EST

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Debunking Penny Stock Myths: Top Stock Picks Double and Triple in Value

03/29/2006 07:00

SCOTTSDALE, Ariz., March 29, 2006 (PRIMEZONE) -- Penny stock picks that gained as much as 121% on the day are still forging ahead long after their recommendations, an analysis of the Quality Stocks penny stock picks database reveals. The following stocks were in the top 50 stock picks out of 1,639 picks recorded by Quality Stocks in February 2006, and remain winners today.

Genesis Technology Group, Inc. (OTCBB: GTEC), a business development firm that fosters bilateral commerce between Western and Chinese companies was recommended by The Subway on February 2, 2006 at a price point of $0.047. The stock closed up 121% that day at $0.104. Almost two months later, the stock closed last night at $0.289, almost three times the value of its close on February 2.

China Wireless Communications, Inc., (OTCBB: CWLC), focusing its efforts on becoming a premier information technology company in China was recommended by Hot Stock Chat on February 16, 2006 at a price point of $0.042. The stock closed up 55% that day at $0.065. Six weeks later, the stock closed last night at $0.167, more than twice the value of its close on February 16.

Patriot Scientific Corporation (OTCBB: PTSC), an intellectual property licensing company, was recommended by Hawk Associates and Hot Stock Chat on February 21, 2006 at a price point of $0.419. The stock closed up 47% that day at $0.616. One month later, the stock closed last night at $1.64, a gain of more than $1.00 compared to its close on February 21.

Sunwin International Neutraceuticals, Inc. (OTCBB: SUWN), a diversified global nutraceutical company was recommended by Wall Street News Alert on February 21, 2006 at a price point of $0.767. The stock closed up 41% that day at $1.08. Five weeks later, the stock closed last night at $1.289, a further 25% premium compared to its close on February 21 with new coverage from Wall Street Research.

From RB

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