WESTON, Fla., April 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: American Multiplexer Corp. (Pink Sheets:AMUT), H.Quotient Inc. (OTCBB:HQNT), iBIZ Technology Corp. (OTCBB:IBZT) and International Electronics (Nasdaq:IEIB).
There is more exciting news out of American Multiplexer (Pink Sheets:AMUT) that may get aggressive investors attention again this morning! Yesterday after the markets closed, the company issued a press release announcing that Butterfly Photo has approved a massive distribution campaign for eFotoXpress -- a software utility that will send large images via e-mail. Butterfly sells 30,000 cameras each month or approximately 1,000 per day!
This could be more great news for investors! According to the press release, under the distribution campaign, each and every camera sold will carry a discount coupon to purchase eFotoXpress. The distribution campaign will commence immediately.
Keep your eyes on this company! Edward Tan, CEO of AMC said: "This distribution campaign represents another major step in getting our product out to the open market. In this case the exposure of eFotoXpress is directly to consumers who may have need for the product. We expect the campaign to add another 3,000 copies each month or approximately another $150,000 in total sales revenue each month."
The stock closed yesterday at sixty-three 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: H.Quotient Inc. (OTCBB:HQNT) up 7.3% on 1.8 million shares traded, iBIZ Technology Corp. (OTCBB:IBZT) up 7.7% on 65.1 million shares traded and International Electronics (Nasdaq:IEIB) up 133.5% on 1.3 million shares traded.
Commentary:
"Good news on the new jobless filing, a 3-year low was hit last week as new claims for unemployment were enacted by new pink slipped employees. The Labor Department reporting new applications for unemployment declined by 14,000 to a seasonally adjusted 328,000 for the week ending April 3; this was the lowest level since mid-January of 2001, just before President Bush's inauguration," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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