WESTON, Fla., March 17, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Oxford Ventures Inc. (OTCBB:OXFV), InVision Technologies Inc. (Nasdaq:INVN), Teleplus Enterprises Inc. (OTCBB:TLPE) and Protein Design Labs Inc. (Nasdaq:PDLI).
Aggressive investors and NASCAR fans will want to watch Oxford Ventures Inc. (OTCBB:OXFV) again this morning! Yesterday after the markets closed, the company issued a press release announcing its plans to accelerate the roll out of its Xtreme Games ("XG") NASCAR(tm) Simulator!
This is great news for investors! Due to overwhelming response from various bar/restaurant chain executives that test drove the full-size racing simulator at the recent "The Show", a Bar and Restaurant Convention held every year in Las Vegas, company management has opted to pursue a two-pronged placement strategy.
According to the release, the initial program had a singular focus of maximizing the placement expertise of Lugnuts Marketing, LLC. Lugnuts, whose corporate team also has experience in setting up game league play, will still maintain the primary role in the NASCAR(tm) Simulator distribution. However, new relationships that were initiated at the recent Vegas convention could prove fruitful with regards to outside-the-box distribution. "Although discussions are still in the infancy stage, we were made aware of several promising opportunities," commented Daniel Leonard, Oxford's CEO. "An example, possible simulator placement with an obvious sponsorship theme in high traffic casinos. Benefits to our casino partner would be an additional game revenue stream and customer draw due the simulator's uniqueness. XG and Oxford would realize both sponsorship and game revenue and a high level of product awareness."
The stock closed yesterday at forty-five cents a share.
In case you are not familiar with the company:
Xtreme Games, a wholly owned subsidiary of Oxford Ventures, is a virtual reality game company whose flagship product is a racecar simulator. The NASCAR(tm) Simulator is comprised of a full-size racecar body and computer system that serves up video, sound and specific racing footage to which the player/driver must respond. As drivers brake and steer, those commands are reflected in force feedback in the steering wheel and movements of the car itself. A hydraulic system moves the car in a full range of motion to create a racing experience that accurately reflects what it is like to actually drive in a NASCAR(tm) race. Xtreme Games Racing League(tm) is a trademark of Oxford Ventures, Inc.
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 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.
Stocks showing interesting activity yesterday were: InVision Technologies Inc. (Nasdaq:INVN) up .06% on 1.7 million shares traded, Teleplus Enterprises Inc. (OTCBB:TLPE) up 12.3% on 1 million shares traded and Protein Design Labs Inc. (Nasdaq:PDLI) down 2.7% on 2.1 million shares traded.
Commentary: The Federal Reserve
"Chairman Greenspan and the Federal Reserve, having their usual 6-week pow-wow meeting yesterday, left the rates at 1%, a 45-year low. He also implied that this rate had a 'longevity' factor. Since the economy, according to experts, is having a slow recovery, and the job market an even slower recovery, the news came as no surprise," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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