WESTON, Fla., April 6, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Viastar Holdings Inc. (OTCBB:VISH), Critical Path Inc. (Nasdaq:CPTH), BackWeb Technologies Ltd. (Nasdaq:BWEB) and NetRatings Inc. (Nasdaq:NTRT).
Aggressive investors need to look at Viastar Holdings Inc. (OTCBB:VISH) again! Yesterday after the markets closed, the company issued a press release announcing that it has entered into an agreement to have Bond Capital Management act as lead placement agent with respect to a private offering of its common stock resulting in gross proceeds to the Company of approximately $3 million!
This could be more great news for investors! According to the press release, having raised in excess of $5 billion in financing for its clients, Bond Capital will assist the Company in its finance and corporate activities regarding mergers and acquisitions, capital structure and sources, strategic alliances and partnerships, as well as guiding the Company through a first tier investor relations program, public marketing program and exposure to the financial community with both retail and institutional investors through their vast broker dealer network.
Keep your eyes on this company! John D. Aquilino, ViaStar's President and CEO stated, "We are very pleased with this vote of confidence from the financial community and to be in business with such an accomplished firm. Mr. Bond's extensive background, including the funding of many Motion pictures and entertainment related ventures, will play a significant role in assisting ViaStar in meeting our goals for the growth our business. By retaining Bond Capital, ViaStar will generate the necessary resources to meet the expected market demand created by the development of our artists and distribution agreements."
The stock closed yesterday at thirty cents a share.
In case you are unfamiliar with Viastar Holdings, Inc.: The company is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The company's portfolio currently includes ownership of Viastar Distribution Group, A.V.O. Studios, Moving Pictures International, Viastar Records, Quadra Records, Light of the Spirit Records, Viastar Classical and ViaStar Artist Management group.
Additional details about the company's private offering can be found in yesterday's press release. For more information about the company, visit http://www.viastarcorp.com.
Stocks showing interesting activity yesterday were: Critical Path Inc. (Nasdaq:CPTH) up 151.4% on 24.7 million shares traded, BackWeb Technologies Ltd. (Nasdaq:BWEB) up 28.2% on 1.4 million shares traded and NetRatings Inc. (Nasdaq:NTRT) up 15.2% on 2.9 million shares traded.
Commentary:
"Opec, the Organization of Petroleum Exporting Countries, met and is going ahead with the 4% cut in output targets. The U.S. hit a record at $1.82 per gallon for self-serve regular last week," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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