WESTON, Fla., April 7, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Telecommunications Products Inc. (OTCBB:TCPD), International Business Machines (NYSE:IBM), Spectrum Signal Process Inc. (Nasdaq:SSPI) and Forgent Networks Inc. (Nasdaq:FORG).
Aggressive investors need to take a long look at Telecommunications Products Inc. (OTCBB:TCPD) this morning! Yesterday after the markets closed, the company issued a press release announcing that its wholly-owned subsidiary Hotel Movie Network has signed an agreement with a global leading manufacturer of consumer electronics! Under the terms of the agreement, the Company has gained access to the source codes of "Smart TV" technology. This new capability enables Telpro to enhance existing remote control interfaces with proprietary protocols for both the mid-market and high-end hospitality properties. This will include automation of guest services in addition to Live-TV and Pay-Per-View that includes major studio releases.
This could be great news for investors! According to the press release, the agreement authorizes Telpro to customize its systems to interface directly with "Smart TV" media electronics for delivery of audiovisual content to its rapidly developing customer base of over 8,000 clients in the hospitality and private cable industries. Telpro will also be able to leverage its access to "Smart TV" to enhance profitability from its inventory of over 144,000 compatible set top boxes, which will be deployed across the U.S. and expanding international markets.
Keep your eyes on this company! Robert Russell, Chief Executive Officer of Telpro, stated, "This agreement will functionally enable us to broaden our service offerings as well as increase our potential client base. This agreement equips us with the ability to compete with larger competitors based on price, delivery and depth of service offering. We are extremely excited to enter the large-scale hospitality market, which represents a new foundation for growth for the Company."
The stock closed yesterday at just over seven cents a share.
In case you are not familiar with the company: Telecommunication Products, Inc. ("Telpro") is a provider of video-on- demand and pay-per-view services to the hospitality industry. The company is also currently marketing hi speed Internet access products, including high end wi-fi. Telpro is committed to delivering the next generation of interactive communication services to its growing database of clients. For additional information, please see http://www.tellapro.com/
Stocks showing interesting activity yesterday were: International Business Machines (NYSE:IBM) down .51% on 3.8 million shares traded, Spectrum Signal Process. (Nasdaq:SSPI) up 43.9% on 3.9 million shares traded and Forgent Networks Inc. (Nasdaq:FORG) even on 1.9 million shares traded.
Commentary:
"Factory orders rose by 0.3% in February and the global economy is estimated to grow 4.75% in 2004 and at 4.0% for 2005, this news from a Washington think tank," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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