WESTON, Fla., Dec. 23, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: ECom Force Corp. (Pink Sheets:ECFP), EFJ Inc. (OTCBB:EFJI), Tekron Inc. (OTCBB:TKRN) and SLS International, Inc. (OTCBB:SITI).
Aggressive investors need to watch ECom Force Corp. (Pink Sheets:ECFP) this morning! Yesterday, the company issued a press release announcing that it has entered into a definitive agreement to acquire pioneer software development company, Personal Portals Online, Inc. in a stock exchange transaction designed to bolster ECom Force's value!
This could be good news for investors! Personal Portals Online is the next generation "killer app", through its vertical product lines will enable high-speed cable operators, DSL/Telcos, Hosting/ISP's, major Internet portals, media conglomerates, municipalities, online destination and community sites, a complete turnkey private-label solution whereas their consumers or members can obtain all the "do-it-yourself" tools for building their own online personal website and/or portal.
These newly captured consumers reflect immediately on the financial bottom line of companies who already have a large community of online users which all aspire to build an online brand, increase registration rates, recurring monthly residuals, retention, frequency and duration of users visiting their site, while enhancing overall revenue and profitability opportunities.
Personal Portals Online offers the consumer a chance to build their own online portal, like having your own personalized AOL network of sorts, from a partners site with features such as a easy-to-use multimedia website builder, personal life management tools (email, calendar, instant messaging, file sharing, etc.), customized news updates, community tools, automated commerce products, and other options previously unavailable to the novice Webmaster. Personal Portals Online is primed to become the easiest and most innovative Internet utility since Yahoo!, coupled with the viral marketing growth of such first-to-market leaders as MSN Hotmail, ICQ, Blue Mountain Arts and Napster.
According to the press release, the transaction is scheduled to close within the next thirty days. ECom Force said it plans to fully integrate the Personal Portals Online products and brands into its operations immediately.
Keep your eye on this one! "We are obviously very excited to have reached an agreement with Personal Portals Online. This is a great company, with a proven product line and a seasoned executive team, which pioneered this marketplace with Image Cafe (www.imagecafe.com) in 1999, which was sold to Network Solutions for $25M. So again, this is a very exciting day for our company and shareholders," said William Lockhart, President of ECom Force Corp. The stock closed yesterday at $1.10 a share.
Stocks showing interesting activity yesterday were EFJ Inc. (OTCBB:EFJI) up 8.4% on 480,700 shares traded, Tekron Inc. (OTCBB:TKRN) up 6.2% on 410,500 shares traded and SLS International, Inc. (OTCBB:SITI) down 4.3% on 593,000 shares traded.
Commentary:
"Driving anyone? Nearly 59.6 million Americans are expected to be driving 50 miles or more over the long holiday weekend, a 2.4% increase over last year says AAA. Air travel is forecast to be 8% higher. Good news for travelers as the average price at the pump is around $1.47 per gallon," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Market commentary provided by Sonja Rudd.
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