WESTON, Fla., Dec. 17, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: TransWorld Benefits International, Inc. (OTCBB:TBII), Amazon.com Inc. (Nasdaq:AMZN), Siebel Systems Inc. (Nasdaq:SEBL) and Corvis Corporation (Nasdaq:CORV).
Aggressive investors will want to watch TransWorld Benefits International, Inc. (OTCBB:TBII) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it and a California-based investment group have signed a letter of intent for a multi- million dollar investment package! The size of the investment accomplishes TBII's main goals of fully funding the company's business plan and providing the necessary financial strength to complete the final underwriting requirements. The letter of intent not only includes $3 million in equity financing but also an additional $3 million letter of credit which guarantees insurance underwriters of TBII's ability to participate in fully insuring TransWorld's products offered on a lifetime basis.
This could be good news for investors! TBII provides worldwide emergency assistance for travelers in the event of injury or death. TBII's Above and Beyond program is offered in lifetime, annual and per trip products. According to the press release, this funding will allow the company to begin product delivery in first quarter of 2004. The TransWorld management team is in place along with a network of more than 1,000 private executive aircraft and trip and annual insurance coverage. The company previously established all necessary ground handling capabilities for human remains as a result of the recent letter of intent to acquire Park Avenue Partners, the New York metropolitan area funeral group.
Keep your eye on this company! TBII, through its exclusive program, Above and Beyond, offers worldwide emergency assistance for travelers in cases of injury or death. Above and Beyond has redefined the concept of worldwide air ambulance, medical evacuation, and at-need private executive aircraft retrieval of deceased persons. TransWorld has under contract more than 1,000 private executive aircraft including a wide variety of private aircraft types and sizes.
TransWorld markets its products through various industries, i.e., funeral and cemetery companies, insurance companies, travel agencies, credit card companies, major corporations, cruise lines, etc. that have well-developed channels of distribution and millions of active sales agents. The stock closed yesterday at eight cents a share.
Stocks showing interesting activity yesterday were: Amazon.com Inc. (Nasdaq:AMZN) down 1.8% on 10.5 million shares traded, Siebel Systems Inc. (Nasdaq:SEBL) up 2% on 6.5 million shares traded and Corvis Corporation (Nasdaq:CORV) down 1.9% on 2.8 million shares traded.
Commentary:
"Prices for consumer goods fell in November 0.2 percent, the largest drop since April, according to the Labor Department. Core inflation (excluding volatile food and energy pricing), fell 0.1 percent for November. It was the first decline in the core rate since December of 1982," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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