WESTON, Fla., Jan. 6, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: E Com Force Corp. (Pink Sheets:ECFP), American Access Technologies Inc. (Nasdaq:AATK), Navigant International Inc. (Nasdaq:FLYR) and Arrhythmia Research Technology Inc. (AMEX:HRT).
Aggressive investors need to be watching E Com Force Corp. (Pink Sheets:ECFP) this morning! Yesterday after the markets closed, Personal Portals Online, Inc. issued a press release announcing that the acquisition of Zerobrand, Inc. was completed over the holidays!
This could be good news for investors! The news comes on the heels of the recent announcement by E Com Force that it has entered into a definitive agreement to acquire Personal Portals Online, Inc. in a stock exchange transaction. Personal Portals Online, Inc. was established in 2001, founded by a seasoned executive team which pioneered the "do-it-yourself" website builder marketplace with Image Cafe in 1999, when it was sold to Network Solutions for $25M.
According to the press release, the buy out of Zerobrand strengthens Personal Portal's web hosting activities and fits in well with the new points of presence being established by the company. Personal Portals is currently rolling out 3 new website and portal builders aimed at consumers, web designers and a much anticipated private label version for partnering with online conglomerates who already maintain large communities of users, which are prime targets for buying the product.
Zerobrand provides their web-hosting customers the opportunity to build their own privately branded hosting company using a simple online control panel, while Zerobrand operates transparently in the background providing all the infrastructure, administration, bandwidth and servers.
Investors need to watch this one! "Zerobrand is a perfect fit to our existing product lines, as well as being highly significant to our long-term goals with national accounts," said William Mobley, CEO and President of Personal Portals Online, Inc. The stock closed yesterday at ninety cents a share.
Stocks showing interesting activity yesterday were: American Access Technologies Inc. (Nasdaq:AATK) up 19.4% on 792,900 shares traded, Navigant International Inc. (Nasdaq:FLYR) up 16% on 1 million shares traded and Arrhythmia Research Technology Inc. (AMEX:HRT) up 13.9% on 616,900 shares traded.
Commentary: It's 2004, "Life in the Trillions" continued
"The Commerce Department reported last week that corporate third-quarter, before-tax profits soared to an annual rate of $1.12 trillion. This is up a whopping 25% over the previous year and one of the biggest increases in 15 years. Relating this to the companies in the Standard & Poor's 500 index, this means profits are up 21% in the third quarter and are expected to match for the fourth quarter. This leaves a projection of a 17% increase for the year, according to Thomas First Call. Is this type of increase 'sustainable'...most experts (economists) say no, but a 'slowing of acceleration of earnings is not bad,' according to an economist at the S&P," 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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