WESTON, Fla., Jan. 28, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: LocatePLUS Holdings Corp. (OTCBB:LPLHA), SAVVIS Communications Corp. (Nasdaq:SVVS), Columbia Laboratories Inc. (AMEX:COB) and Seacoast Financial Services Corp. (Nasdaq:SCFS).
Aggressive investors will want to keep watching LocatePLUS Holdings Corp. (OTCBB:LPLHA) again this morning, as they continue to release more good news! Yesterday after the markets closed, the company issued a press release announcing a strategic alliance with AssureTec Systems, Inc., a leading provider of technology for the detection and validation of biometrics solutions!
This should be great news to investors! LocatePLUS, one of the fastest growing business-to- business and business-to-government providers of public information, is combining its database expertise with AssureTec's technological and document authentication expertise to provide systems for identity validation such as driver licenses, passport, and other government created documents. The validation systems set up by LocatePLUS and AssureTec will utilize AssureID(tm) Professional System, which is recognized as the world's most advanced identification document authentication system. Using proprietary technology, AssureID classifies, reads/extracts and authenticates travel documents more accurately and for a broader population than any other solution.
LocatePLUS CEO Jon Latorella stated, "The combination of our companies' core strengths enables us to offer the most effective and comprehensive solutions for early identification and validation security threats. In response to continued homeland security initiatives to prevent identity fraud and terrorism, we have formed our second major alliance in the biometrics industry. Biometrics technology equips us to meet corporate demand for the most technologically advanced security measures available in the marketplace."
If you are unfamiliar with the company, LocatePLUS is an industry-leading provider of public information and investigative solutions that are currently being used in homeland security, anti-terrorism and crime fighting initiatives. The company's proprietary, Internet-accessible database is marketed to business-to-business and business-to-government sectors worldwide. LocatePLUS' customer base exceeds 13,500 members, including over 2,000 law enforcement agencies, as well as many major police departments across the country. Clients include many of the nation's leading agencies, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, Earthlink and Imaging Automation.
The company is one of the fastest growing business-to-business and business-to-government providers of public information, and estimates that it has information on nearly 98% of the adult population and data entries relating to approximately 205 million individuals in the United States -- maintained in one of the largest and most comprehensive XML data sources of its kind, capable of national delivery. Keep your eye on this one! The stock closed yesterday at fifty-eight cents a share.
Stocks showing interesting activity yesterday were: SAVVIS Communications Corp. (Nasdaq:SVVS) down 6.3% on 2.2 million shares traded, Columbia Laboratories Inc. (AMEX:COB) down 6.1% on 783,200 shares traded and Seacoast Financial Services Corp. (Nasdaq:SCFS) up .55% on 468,200 shares traded.
Commentary:
"The National Association of Realtors reported that existing home sales totaled 6.1 million units last year, up 9.6 percent from the sales record of 2002, or 5.57 million units. This report provided proof of the strength of the housing markets and the role housing played in the overall economic recovery in 2003. Low mortgage rates, now at 45-year lows, helped to fuel the sales," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been previously compensated twenty thousand dollars for coverage of LocatePLUS Holdings Corp. (OTCBB:LPLHA) AND has recently (1/12/04) been compensated fifty one thousand seven hundred and fifty dollars, by a third party (National Financial Communications Corp), who is non-affiliated and may hold a substantial position in the stock, for services provided including dissemination of company information in this release. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. In this case, WSCF has not received any shares of stock.
Market commentary provided by Sonja Rudd.
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