WESTON, Fla. Jan. 26, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to focus on" this morning are: Surface Tech Inc. (Other OTC:SFCI), Microsoft Corporation (Nasdaq:MSFT), Intel Corporation (Nasdaq:INTC) and Vitesse Semiconductor Corp. (Nasdaq:VTSS).
Aggressive investors will be watching Surface Tech Inc. (Other OTC:SFCI) again this morning! Late Friday, the company issued a press release announcing that its patented mobile wheel repair technology (US Patent 6,347,444) is now expanding into fixed base retail locations! The company's strategic plan is to have retail locations throughout the United States starting with the company's initial stores located in the East and West Coast states.
This could be added good news for investors! The company has also signed a one year contract with Image Display Group/Elite Publications, a California advertising firm, to spearhead a campaign to market the Company's technology in this lucrative marketplace. Currently, Surface Technology has been experiencing its growth in the wholesale sector with auto dealerships, auto auctions, and rental car companies serviced by its licensees.
Keep your eyes on this one! "By having the company's technology expanded into the retail marketplace, it should provide the company the needed presence to expand its technology nationwide and to more effectively service the high demand from the insurance companies," stated Chris Pittman, Chairman of Surface Technologies, Inc. The stock closed Friday at fourteen cents a share.
About Surface Technologies, Inc. -- Surface Tech is the only company that has a patented method to resurface alloy wheels without removing them from the car. The company's licensed technicians provide cost-saving solutions for over 4,000 automobile dealerships, auto auctions, and car rental companies (Avis, Hertz, Enterprise, National, Budget and Alamo). Watch this one!
Stocks showing interesting activity Friday were: Microsoft Corporation (Nasdaq:MSFT) up 1.6% on 127.2 million shares traded, Intel Corporation (Nasdaq:INTC) up .38% on 45.8 million shares traded and Vitesse Semiconductor Corp. (Nasdaq:VTSS) up 12.2% on 26 million shares traded.
Commentary: The Economy Cont'd
"The Labor Department reported last week that for the week ending Jan. 17, new applications filed for unemployment dipped by 1,000 to 341,000. This, they stated, was showing possible indications that American businesses are growing more confident about the economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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