WESTON, Fla., March 18, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Digital Rooster.com Ltd. (OTCBB:DGRLF), SportsLine.com Inc. (Nasdaq:SPLN), Dynatronics Corporation (Nasdaq:DYNT) and Nanogen Inc. (Nasdaq:NGEN).
Aggressive investors will want to watch Digital Rooster.com Ltd. (OTCBB:DGRLF)! Yesterday after the markets closed, the company issued a press release announcing it would issue a stock dividend payable to all its shareholders of record as of April 7, 2004 (the record date). As of the record date every shareholder will receive three additional shares for every four shares held. Example: If at the close of market on April 7, 2004 you hold 100 shares of DigitalRooster.com Ltd. in your account or in certificate form, you will get 75 additional shares for free, for a new total of 175 shares.
This is great news for shareholders! "We are pleased to announce this dividend to our shareholders," said CEO John van Arem: "We anticipate the dividend will assist us in maintaining and creating further liquidity as we move forward, in addition to rewarding our loyal and patient shareholders."
Keep your eyes on this company! The company previously announced a dividend in April of 2003 for which shareholders received equity in the spin-off of Avrada Inc. Avrada Inc. is on the verge of filing its 15c2-11 for which the company's financials have just been completed and sent to the company's legal counsel in the U.S.
The stock has been trading at around forty cents a share.
In case you are not familiar with the company: Digital Rooster.com LTD. is a world leader in the marketing and billing solutions of online entertainment. An IR package is available via email or on-line at www.digitalrooster.com. Please email ir@digitalrooster.com for a copy. Avrada Inc. develops and distributes interactive content including 1-to-1 pay per minute entertainment, dating services, directories and online games.
Stocks showing interesting activity yesterday were: SportsLine.com Inc. (Nasdaq:SPLN) up 20% on 1.6 million shares traded, Dynatronics Corporation (Nasdaq:DYNT) up 14.3% on 3.9 million shares traded and Nanogen Inc. (Nasdaq:NGEN) up 20.1% on 5.8 million shares traded.
Commentary: The Economy
"High prices for gasoline in the U.S. are spurring drilling of new wells all over the world, according to an industry spokesperson. However, the industry spokesperson notes that China and other rapidly developing nations could place a higher demand for gasoline and other petroleum products for the next several years. Economists like to point out that, when adjusted for inflation, the price of a gallon of gasoline, averaging $2 per gallon in some major cities, is still lower than in the 1950's," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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