WESTON, Fla., March 2, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Surface Tech Incorporated (Pink Sheets:SFCI), Sepracor Inc. (Nasdaq:SEPR), Industrial Services of America Inc. (Nasdaq:IDSA) and Alliance Gaming Corp. (NYSE:AGI).
Aggressive investors may want to watch Surface Tech Inc. (Pink Sheets:SFCI) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has recently issued a letter of intent and entered into negotiations for the purchase of Horsepower Speed & Marine Inc.!
Investors may appreciate the announcement! Horsepower Speed & Marine has launched its worldwide advertising campaign. It is currently running ads in Blue Bars magazine, and soon to be in Dupont Registry. Blue Bars magazine is the leading publication for the NCCC, National Council of Corvette Clubs.
The Dupont Registry is the premier classified marketplace to find Ferrari, Porsche, Mercedes-Benz, BMW, Lamborghini, Hummer, Aston Martin, Bentley, Rolls-Royce and other highline luxury cars for sale by dealers and by owners.
"We feel this type of advertising will assist us in launching our Magna Charger Supercharger systems for the C5 Corvettes, Hummer H2, all GM trucks and SUVs, and introduce us to the marine industries elite buying group, a very specific and in-demand marketplace. The first weeks orders from the ads were far above expectations," stated Bill Steiskal, president of Horsepower Speed & Marine.
The stock closed yesterday at forty-two cents a share.
Investors may really want to keep their eyes on this company! Surface Tech is the only company that has a patented method to resurface alloy wheels without removing them from the car. The company's licensed technicians provide low-cost solutions to high-priced problems for over 4,000 automobile dealerships, auto auctions and car rental agencies through licensed technicians in 35 states.
Stocks showing interesting activity yesterday were: Sepracor Inc. (Nasdaq:SEPR) up 56.4% on 46.2 million shares traded, Industrial Services of America Inc. (Nasdaq:IDSA) up 19.5% on 8.9 million shares traded and Alliance Gaming Corp. (NYSE:AGI) up 11.2% on 2.3 million shares traded.
Commentary: The Economy
"The Institute for Supply Management (ISM) announced Monday that the Index fell to 61.4 percent from a 20-year high in January of 63.6 percent. Although falling slightly more that economists had forecast, it was still the fourth month in a row that the index has stayed at above 60, good news for the economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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