WESTON, Fla., Feb. 11, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Invicta Group, Inc. (OTCBB:IVGA), Physiometrix Inc. (Nasdaq:PHYX), Vical Incorporated (Nasdaq:VICL) and J. Jill Group Inc. (Nasdaq:JILL).
Aggressive investors may want to watch Invicta Group, Inc. (OTCBB:IVGA) again this morning! Yesterday afternoon, the company issued a press release announcing that ISIP Telecom, a wholly owned subsidiary of the Invicta Group, is testing its "Iphone" which is a USB plug into a computer device! When the phone is interfaced with their proprietary software on their website and their voice over the Internet platform, the user will be able to call from any computer connected to the Internet worldwide 24/7.
This could be huge news for investors! ISIP plans to launch "Iphone" for sale through the retail travel industry with plans to offer the product to over 25,000 domestic retail travel agencies.
David Scott, the C.O.O. of Invicta Group Inc., says, "Travel agents will be able to use 'Iphone' in their offices and have the ability to sell 'Iphone' to their customers. The traveler will receive clear phone calls from anywhere to anywhere in the world at a fraction of the cost one would normally expect to pay in phone charges. This is a real benefit for international travelers."
The stock closed yesterday at twelve cents a share.
In case you are unfamiliar with the company: Invicta Group Inc. is a technology company that specializes in the travel and entertainment industries. The company has three divisions: Travel: engaged in offering airline tickets, hotel rooms, car rentals and other travel-related products over the telephone and Internet (http://www.dontpayfullfare.com/); Entertainment: offering complimentary Casino Resorts rooms, meals, and shows to qualified players at 30 casinos in N. America and the Caribbean (http://www.casinoratedplayers.com/); and Technology: IVGA owns its own search engine: "on the fly faring." IVGA recently acquired ISIP Telecom Group, Inc. (http://www.isiptelecom.com/), which provides the ability to make telephone calls worldwide via the Internet with clear reception at low rates. ISIP Telecom will soon be offering its services to the travel industry, and has already entered into interconnection agreements with major operators in the U.S., Europe, & Latin America via VoIP & PSTN for traffic termination and origination.
Stocks showing interesting activity yesterday were: Physiometrix Inc. (Nasdaq:PHYX) up 21.8% on 1 million shares traded, Vical Incorporated (Nasdaq:VICL) up 10% on 1 million shares traded and J. Jill Group Inc. (Nasdaq:JILL) up 10.9% on 802,400 shares traded.
Commentary:
"Algiers, Algeria saw the OPEC meetings the last few days come to a resolution to cut 1 million barrels per day of oil starting April 1st. The 11 member OPEC cartel, which pumps about one-third of the world oil consumption, expressed fears of falling prices in the spring and a lessening of global demand, by as much as 2.5 million barrels per day. Tuesday saw oil prices jump to $33 per barrel, up from Friday's $28 per barrel. Supply has lagged demand, especially from China, where demand continues to grow as their economy surpasses expectations," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Market commentary provided by Sonja Rudd.
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