latest news releases from the newsroom
Market Pulse -- Special Situation Stock Alerts for Wednesday, July 21, 2004: TCPD -- Emerging Growth Situation!
ATLANTA, July 21, 2004 (PRIMEZONE) -- Market Pulse is pleased to introduce our featured stock, Telecommunication Products, Inc. (OTCBB:TCPD), to the investment community! Telpro is a provider of voice-on-demand and pay-per-view services to the hospitality industry. Telecommunication Products, Inc. had excellent news out after yesterday's bell regarding their revenue numbers increasing! Watch this stock move! Other notable stocks that look great lately from a fundamental and technical perspective include:
Capital Research Group, Inc
Hot Stocks To Watch for Wednesday, July 21, 2004: HSPR, NTAP, SEBL, ATML
WESTON, Fla., July 21, 2004 (PRIMEZONE) -- TheSUBWAY.com names the following stocks to its Stock Watch List: Hesperia Holding Inc. (OTCBB:HSPR), Network Appliance Inc. (Nasdaq:NTAP), Siebel Systems Inc. (Nasdaq:SEBL), Atmel Corporation (Nasdaq:ATML).
Capital Research Group, Inc
Early Stock Market Alerts for Wednesday, July 21, 2004: ALLC, NVLS, CORV, BRCD
WESTON, Fla., July 21, 2004 (PRIMEZONE) -- TheSUBWAY.com names the following stocks to its Stock Alerts List: Alliance Towers Inc. (Pink Sheets:ALLC), Novellus Systems Inc. (Nasdaq:NVLS), Corvis Corporation (Nasdaq:CORV), Brocade Communications Systems (Nasdaq:BRCD).
International Barrier Technology Inc.
International Barrier Completes $1,249,500 Financing for Manufacturing Plant Enhancements to Facilitate Sales Growth and Licensing Opportunities for Blazeguard
WATKINS, Minn. and VANCOUVER, British Columbia, July 21, 2004 (PRIMEZONE) -- International Barrier Technology, Inc. ("Barrier") (OTCBB: IBTGF), which manufactures and markets the Blazeguard(r) brand of fire resistant building materials, has renegotiated its private placement (previously reported July 8, 2004) and, subject to regulatory acceptance, the company has closed a private placement with an affiliate of Carl Marks & Co. Inc. ("Carl Marks"), for the amount of 1.47 million units at a price of 85 U.S. cents per unit ($1.10 (Canadian)) for gross proceeds of $1,249,500 (U.S.) ($1,614,979 (Canadian)). Each unit consists of one common share and one non-transferable share purchase warrant. The warrants have an exercise term of two years from the closing date. One warrant and 92 U.S. cents ($1.19 (Canadian)) will entitle the placee to acquire an additional common share of the company. The proceeds will be used for capital improvements to Barrier's subsidiary's manufacturing facilities in Watkins, Minnesota and for working capital.
Consumer Direct of America
Consumer Direct of America Signs Agreement to Acquire Ocean West Holding Corp, a $1 Billion Mortgage Bank
LAS VEGAS, July 21, 2004 (PRIMEZONE) -- Consumer Direct of America (OTCBB:CSUA) (CDA), a fast-growing mortgage provider, today announced that it has executed an agreement to acquire for a combination of stock and cash Tustin, CA-based Ocean West Holding Corp. (OTCBB:OWHC), a mortgage banking enterprise licensed as a mortgage bank in 38 states, and writing approximately $1.1 billion in mortgages in 2003. Closing of the acquisition, valued at approximately $5 million, is a milestone for both organizations whose combined mortgage loan production tops $150 million monthly.
Universal Stainless & Alloy Products, Inc.
Universal Stainless Reports EPS of $0.25 for 2004 Second Quarter
BRIDGEVILLE, Pa., July 21, 2004 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) today reported second quarter 2004 sales of $29.0 million and net income of $1.6 million, or $0.25 per diluted share. These results represent sales at a near record level and EPS ahead of the projected range of $0.15 to $0.20. Sales increased 72% from the second quarter of 2003 and 36% from the first quarter of 2004. Second quarter 2004 net income showed a strong turnaround from the net loss of $440,000, or $0.07 per diluted share, in the year ago period and was greatly improved from the net income of $227,000 or $0.04 per diluted share reported in the 2004 first quarter.