WESTON, Fla., April 6, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: American Multiplexer (Pink Sheets:AMUT), Internet Pictures Corp. (Nasdaq:IPIX), Oncolytics Biotech Inc. (Nasdaq:ONCY) and CIGNA Corporation (NYSE:CI).
Aggressive investors will want to watch American Multiplexer (Pink Sheets:AMUT) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it would pay a common stock dividend to all stockholders of records as of April 23, 2004!
This will be great news for investors! According to the press release, the company will distribute one share of common stock for every two shares of common stock that are owned as of the record date of April 23, 2004. The stock dividend will be paid on May 7th, 2004.
Keep your eyes on this company! Edward Tan, CEO of AMC said: "The company has been making great strides in executing on the key objectives in its strategic business plan. In the First Quarter the company recently achieved its first revenue of $154,000 from the sales of its eFotoXpress software product. Furthermore the company has developed critical sales and distribution alliances while also achieving a significant reduction in monthly expenses. These combined factors will result in significant continued growth in revenue and profitability. The response from the market place for eFotoXpress has been extremely positive and we are experiencing strong demand for the product.
The stock closed yesterday at forty cents a share.
In case you are not familiar with the company: Located in Sunnyvale, California, AMC is a major leader in developing JPEG2000 consumer products. The company continues to invest its resources in the compression technology that addresses the digital camera market and video streaming market. eFotoXpress is a software utility that uses wavelet compression technology and the new JPEG2000 standard to easily compress very large images so that they may be sent by e-mail without any loss in quality. eFotoXpress is the first product that uses the new JPEG2000 standard so that compressed images may be sent via e-mail. More information can be found at http://www.amux.com.
Stocks showing interesting activity yesterday were: Internet Pictures Corp. (Nasdaq:IPIX) up 66.6% on 53.7 million shares traded, Oncolytics Biotech Inc. (Nasdaq:ONCY) up 20.8% on 3.8 million shares traded and CIGNA Corporation (NYSE:CI) up 11.3% on 5.9 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.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 16 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated thirty-six thousand dollars for coverage of American Multiplexer (Pink Sheets:AMUT), by a third party (Alex Consulting Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.