WESTON, Fla., Feb. 5, 2004 (PRIMEZONE)-- Wall Street News Alert's "stocks to focus on" this morning are: AngelCiti Entertainment Inc. (OTCBB:AGEL), Vion Pharmaceuticals Inc. (Nasdaq:VION), iVillage Inc. (Nasdaq:IVIL) and Trimeris Inc. (Nasdaq:TRMS).
Aggressive investors will want to watch AngelCiti Entertainment Inc. (OTCBB:AGEL) this morning! Yesterday after the markets closed, the company issued a press release announcing that it's wholly owned subsidiary, Worldwide Management, had a record gross win of over $218,000 in January 2004 on net handle of more than $4.32 million, up 69% in comparison to $129,000 in January 2003 and almost 15% greater than the company's previous record month of November 2002!
This could be great news for investors! "We are excited that our hard work appears to be paying off as the company's numbers keep trending in a very positive direction," remarked AngelCiti president George Gutierrez. "With cash in the bank and positive cash flow, we are well situated for exploring potential acquisitions and strategic initiatives, to materially grow the company in 2004."
According to the press release (and describing the entire industry), a Bear Stearns report for the industry pegs annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly more rosy picture pointing to an estimated $4.5 billion in revenue for calendar year 2002, saying 2005 revenue could exceed $10 billion. InformaMedia Group, which tracks electronic gambling, predicts that online gaming revenue will even reach $14.5 billion by 2006.
AngelCiti's stock closed yesterday at seven cents a share.
In case you are unfamiliar with the company: AngelCiti's wholly owned subsidiary Worldwide Management provides gaming software to numerous online casinos including SharkCasino.com, SharkPoker.com and TheHouseWins.com, and currently services casinos in English, Spanish, German, Chinese and Japanese.
Stocks showing interesting activity yesterday were: Vion Pharmaceuticals Inc. (Nasdaq:VION) up 13.9% on 2.5 million shares traded, iVillage Inc. (Nasdaq:IVIL) up 8.8% on 3.7 million shares traded and Trimeris Inc. (Nasdaq:TRMS) up 10.6% on 2 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.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 13 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
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. Last year, WSCF was compensated six hundred thousand shares of AngelCiti Entertainment Inc. (OTCBB:AGEL) by a third party (Worldwide Entertainment Inc), who is non-affiliated. Recently, WSCF has been compensated one million shares by the same third party, (Worldwide Entertainment Inc), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has sold all of last years compensation and none of this year's compensation, but intends to immediately do so. 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. Market commentary provided by Sonja Rudd.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.