WESTON, Fla., Jan. 12, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Invicta Group, Inc. (OTCBB:IVGA), SpaceDev, Inc. (OTCBB:SPDV), SPACEHAB, Inc. (Nasdaq:SPAB) and Vasomedical, Inc. (Nasdaq:VASO).
Aggressive investors will want to watch Invicta Group, Inc. (OTCBB:IVGA) this morning! Friday after the markets closed, the company issued a press release announcing that it has acquired ISIP Telecom Group, Inc. consistent with its corporate strategy to build and expand its business!
This could be great news for investors! The acquisition reflects the company's ongoing commitment to build shareholder value and enhance its current business model. ISIP Telecom Group, Inc. is a next generation IP Phone Service Provider based on the Cisco(tm) Powered Network with a robust Platform specifically designed to accommodate the delivery of IP-based communication services, including long distance, IP phone to IP phone and enhanced services.
Based in South Florida, ISIP Telecom Group, Inc. has entered into interconnection agreements with major operators in the U.S., Europe and Latin America via VoIP and PSTN for traffic termination and origination. The company is a VoIP Service Provider that delivers international voice termination to end user clients, satisfying the market's need for cost-effectiveness while achieving high quality standards.
On Thursday, Invicta Group, which is also dedicated to providing competitive products and pricing for travel and entertainment consumers online, issued a press release announcing that it has launched two websites to capitalize on the multi-billion dollar online travel and entertainment industries. Keep your eye on this one! The stock closed Friday at twenty-one cents a share.
Stocks showing interesting activity Friday were: SpaceDev, Inc. (OTCBB:SPDV) up 71.5% on 1.1 million shares traded, SPACEHAB, Incorporated (Nasdaq:SPAB) up 87.9% on 3.1 million shares traded and Vasomedical, Inc. (Nasdaq:VASO) up 71.4% on 14.6 million shares traded.
Commentary: U.S. ranked 7th in entrepreneurial activity
"An international study of new business activity, a report from the Ewing Marion Kauffman Foundation of Kansas City, released a report last week showing the U.S. start-up activity gained increases in 2003. There were 41 countries in the study; the most entrepreneurial were Chile, Korea, New Zealand, Venezuela and Uganda. The U.S. was 7th, but 5th in innovative products and services. The study also showed that for 99 percent of the companies, funding was done without the aid of venture capital," 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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