WESTON, Fla., Jan. 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Viastar Holdings Inc. (OTCBB:VISH), Dendreon Corporation (Nasdaq:DNDN), Orthovita Inc. (Nasdaq:VITA) and Internet Capital Group Inc. (Nasdaq:ICGE).
Aggressive investors need to be watching Viastar Holdings Inc. (OTCBB:VISH) this morning! Yesterday after the markets closed, the company issued a press release announcing that the company has appointed Mr. Kenneth J. Yonika its newest member of management as Chief Financial Officer and the latest addition to its Board of Directors!
This could be great news for investors! Mr. Yonika has an extensive background in corporate finance and "Big Six" public accounting, and has worked with a number of public companies as either a consultant, Chief Financial Officer and/or as a member of the Board of Directors. Mr. Yonika's expertise in the many facets of corporate finance, mergers and acquisitions, public offerings, capital formation, and business valuation, coupled with industry experience in distribution and manufacturing, has made him the optimum choice as Viastar's newest member of management. Mr. Yonika has served as liaison with corporate underwriters, auditors, various regulatory bodies, investors and venture capitalists.
Keep your eye on this one! Since 1996, Mr. Yonika gained significant experience in corporate management, serving as Vice President of Finance in the international health products industry, where he also acquired extensive experience in distribution and manufacturing for companies grossing $50 million plus annually. In addition, Mr. Yonika participated in several IPO's throughout his career as a member of management and as an independent Certified Public Accountant.
"After months of searching for the perfect candidate, we find ourselves fortunate to acquire a top notch finance professional. Ken has the necessary skill set and experience that will move Viastar towards carrying out its ambitious plans for growth and increasing shareholder value," stated Company CEO John D. Aquilino.
On January 5th, 2004, the company issued a press release announcing that recording has begun for legendary platinum songwriter/producer Gardner Cole's greatest hits.
In case you are unfamiliar with Viastar Holdings, Inc., the company is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The company's portfolio currently includes ownership of Viastar Distribution Group, A.V.O. Studios, Moving Pictures International, Viastar Records, Quadra Records, Light of the Spirit Records, and Viastar Classical. The stock closed yesterday at fifty-seven cents a share.
Stocks showing interesting activity yesterday were: Dendreon Corporation (Nasdaq:DNDN) up 25.4% on 19.5 million shares traded, Orthovita Inc. (Nasdaq:VITA) up 16.5% on 4.5 million shares traded and Internet Capital Group Inc. (Nasdaq:ICGE) up 52.5% on 225.7 million shares traded.
Commentary:
"According to www.bankrate.com, here are the latest figures on the national average mortgage rates: 30 year mortgage is 5.87%, the 15 year is 5.19%, and the 5 year arm is 3.85%. Mortgage rates are at a 45 year low," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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