WESTON, Fla., Feb. 5, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to focus on" this morning are: Ohana Enterprises, Inc. (OTCBB:OHNA), Herman Miller Inc. (Nasdaq:MLHR), FLIR Systems Inc. (Nasdaq:FLIR) and China Yuchai International Ltd. (NYSE:CYD).
Aggressive investors will want to watch Ohana Enterprises, Inc. (OTCBB:OHNA) this morning! Yesterday after the markets closed, the company issued a press release announcing that the company has acquired the exclusive licensing rights to ProductivIT(TM) within the hospitality and gaming industries!
ProductivIT, a division of DynTek, Inc., is a complete technical support solution that revolutionizes the way in which users receive technical support and capture asset inventory information. Under the terms of the agreement, RestauranTech will retain the exclusive right to resell DynTek's suite of software and technology known as ProductivIT to RestauranTech's pre-existing and new clients specifically within the hospitality and gaming sector, including but not limited to casinos, hotels, and restaurants.
This could be good news for investors! Technical support for PCs is a very expensive undertaking today. The main expense of support is the time it takes to determine what hardware and software was running on a computer at the time of a request for support or a system failure. Professional support groups estimate that 80 percent of the total support time is spent in this "condition discovery" phase. ProductivIT software reduces that time to virtually zero.
With ProductivIT's core suite of award-winning technology, Ohana and RestauranTech will be able to provide an agent collector that resides on desktops, servers and notebooks. When activated, the software instantly reports over 30,000 fields of system-specific data that is accessible through a secure, centralized, web-based portal.
Ohana stock closed yesterday at sixteen cents a share.
In case you are not familiar with the company: Ohana Enterprises Inc. is a publicly traded development stage company. Ohana's current wholly owned subsidiary, Visual Interviews Inc. ("VI"), is developing a technology and product that will offer a dependable, high-performance streaming video solution for candidate interviews accessed via a secure intranet. The solution is intended to provide significant cost savings and allow organizations to interview more candidates more efficiently. RestauranTech provides wireless technologies, and additional services to its clients including guest loyalty, website design, hosting, onsite support, online training, co-location facility, intranet applications, remote backup solutions, and POS support. Ohana and RestauranTech anticipate the definitive closing of Ohana's acquisition of RestauranTech to occur around March 1, 2004.
Stocks showing interesting activity yesterday were: Herman Miller Inc. (Nasdaq:MLHR) up 16.8% on 2.4 million shares traded, FLIR Systems Inc. (Nasdaq:FLIR) up 6.1% on 1.8 million shares traded and China Yuchai International Ltd. (NYSE:CYD) up 8.5% on 4.1 million shares traded.
Commentary:
"U.S. banks reported an increase in demand for business loans for the first time in four years, as companies grow more confident in the expanding economy; this according to a Federal Reserve survey. Demand for commercial real estate loans in the last three months has increased for the first time since 2000. The demand for home mortgages is still strong. A survey of senior loan officers at 56 domestic and 21 foreign banks did the survey. The growth in the U.S. economy the last six months of 2003 helped to prompt demand and spending at companies, also reported in the survey," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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