WESTON, Fla., Feb. 18, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Celerity Systems Inc. (OTCBB:CESY), Teleplus Enterprises Inc (OTCBB:TLPE) and RealNetworks Inc. (Nasdaq:RNWK).
Aggressive investors will want to keep their eyes on FTS Wireless, Inc., (OTCBB:FLIP) this morning! Yesterday after the markets closed, the company issued a press release announcing the signing of a binding letter of intent to acquire the assets of Florida-based All Clear Wireless, Inc. (ACW)!
This could be great news for investors! Scott Gallagher, FTS Wireless CEO commented, "With the addition of ACW, we expect to increase our total monthly unit sales by more than 50% by the second quarter this year and immediately triple our current monthly NEXTEL sales." Mr. Gallagher added, "When the acquisition is completely integrated into our sales channel, we expect to achieve an annual revenue run rate of nearly $1 million."
The acquisition is scheduled to close on or about March 15, 2004 and will become the sixth retail location in the "Flip The Switch Wireless" chain. FTS Chief Operating Officer Mr. Robert Lewis stated, "Having integrated the previous acquisitions into our existing operations seamlessly, we can now look forward to continuing our growth." Mr. Lewis joined FTS as COO in November 2003 after more than 30 years of service with Verizon and brings with him a high level of experience in product development and governmental affairs.
The stock closed yesterday at Twenty cents a share.
In case you are not familiar with the company: FTS Wireless Inc., a wholly owned subsidiary of FTS Group, Inc., is an operator of five retail wireless locations that markets and sells next generation wireless products, services and operator of Wi-Fi HotSpot's. FTS Wireless currently operates four retail wireless locations in the Florida Gulf Coast region and one location in the Philadelphia suburban market and through its e-commerce sites, FTS Wireless markets, to customers worldwide.
Stocks showing interesting activity yesterday were: Celerity Systems Inc. (OTCBB:CESY) even on 35.3 million shares traded, Teleplus Enterprises Inc (OTCBB:TLPE) up 37.2% on 1.6 million shares traded and RealNetworks Inc. (Nasdaq:RNWK) up 21.2% on 10.4 million shares traded.
Commentary:
"Economists, analysts, and investors will be looking at the Consumer Price Index, due out this Friday, as a key inflation measure, hoping for a low number. Thursday, a key number, the Producer Price Index, will measure inflation in the manufacturing sector. All of these measured numbers help economist and analysts, and sometimes investors keep track of economic conditions that might influence markets," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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