WESTON, Fla., March 9, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Oxford Ventures Inc. (OTCBB:OXFV), Pinnacle Business Management Inc. (Other OTC:PCBM), Central Wireless Inc. (OTCBB:CWIR) and Zoltek Companies Inc. (Nasdaq:ZOLT).
Aggressive investors will want to watch Oxford Ventures Inc. (OTCBB:OXFV) this morning! Yesterday after the markets closed, the company issued a press release announcing that it is in talks to acquire the Rev's Sports Grille concept as well as all assets of the company! The deal would be debt structured and is considered a natural acquisition for Oxford Ventures.
This could be great news for investors! Rev's Sports Grille is an exciting racing theme bar and restaurant offering prime rib, BBQ ribs, and seasoned shrimp by the pound. Company plans are to build 18 locations throughout the United States within the next two years. Rev's has contracted with Oxford Ventures' XG subsidiary for placement of two NASCAR(tm) Simulators at each restaurant location with both league play and side-by-side racing available. The grand opening of the first Arizona Rev's location will be this Friday, March 12, in Tempe.
The stock closed yesterday at seventy-two cents a share.
Oxford Ventures Inc. is an Arizona-based holding company that seeks out promising, startup investment opportunities. In December 2003, Oxford Ventrues took a majority position in Xtreme Games (www.extreme-games.net), a reality simulator game company. Xtreme Games develops and distributes the most advanced, full-size NASCAR(tm) simulator available today.
Keep your eyes on this stock! Last month it was announced that the company's Xtreme Games subsidiary had signed an agreement with Rev's Sports Grille for the purpose of incorporating 36 XG's NASCAR(tm) Racecar Simulators into their theme restaurants.
NASCAR(tm) has been independently determined to be the country's fastest growing spectator sport, with interest and demand for NASCAR(tm)-related products increasing at record levels.
NASCAR(tm) is a registered trademark of NASCAR Inc. Oxford Ventures is not related to NASCAR Inc. or its racing series, and is not a licensed user of the NASCAR trademark. Xtreme Games Racing League(tm) is a trademark of Oxford Ventures Inc.
Stocks showing interesting activity yesterday were: Pinnacle Business Management Inc. (Other OTC:PCBM) even on 98.6 million shares traded, Central Wireless Inc. (OTCBB:CWIR) up 41% on 16.8 million shares traded and Zoltek Companies Inc. (Nasdaq:ZOLT) up 13% on 718,100 shares traded.
Commentary: Economic News
"According to a survey done by the Business Roundtable, some CEO's at U.S. companies said they are planning to add jobs 'sometime' this year. A separate survey also showed that a better employment outlook was expected in manufacturing. However, the monthly unemployment report for February indicated that employers had added fewer jobs than expected," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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