WESTON, Fla. Feb. 19, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Invicta Group, Inc. (OTCBB:IVGA), Rambus Incorporated (Nasdaq:RMBS), NetEase.com Inc. (Nasdaq:NTES) and DUSA Pharmaceuticals Inc. (Nasdaq:DUSA).
Aggressive investors may want to watch Invicta Group, Inc. (OTCBB:IVGA) this morning! Late last night, the company issued a press release announcing the acquisition of Airplan Inc.!
This could be great news for investors! Airplan is the second of a series of aggressive mergers and acquisition initiatives the company will commence over the next year, and is a leading international airline ticket consolidator serving: Europe, Asia, the Middle East, Africa and Australasian areas. Revenues in 2003 exceeded $7 million. Airplan has over 3,200 customers (travel agents) that buy airline tickets online 24/7. The management is led by John Latimer, a 20-year veteran in the airline consolidator industry.
David Scott, C.O.O. of Invicta Group Inc., commented, "As an emerging technology company, we are all too aware of our obligations in maintaining the push towards developing innovative, leading-edge web-based businesses. There is a natural synergy in our relationship with Airplan. This acquisition increases our ability to penetrate new markets and complements our existing efforts."
The stock closed yesterday at fourteen 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 Friday were Rambus Inc. (Nasdaq:RMBS) up 35.1% on 34 million shares traded, NetEase.com Inc. (Nasdaq:NTES) up 24.6% on 10.6 million shares traded and DUSA Pharmaceuticals Inc (Nasdaq:DUSA) up 14.1% on 959,200 shares traded.
Commentary: Bills, bills, and more bills
Now more than ever it is important to pay your bills on time, if not early. Credit card companies, facing lower interest rates and having pressure to increase profits, have been seen raising credit card late fees as one way to increase profits. The standard late fee was $29 dollars, but some are now charging anywhere from $35 to $39 dollars. There may also be a tiered system, the higher the balance the higher the fee, usually anything over $1,200 or more maybe given a higher fee: http://www.WallStreetNewsAlert.com.
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