WESTON, Fla. April 15, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: AVVAA World Health Care Products (OTCBB:AVVW), First Virtual Communication (Nasdaq:FVCX), Global ePoint Inc. (Nasdaq:GEPT) and Vicom Incorporated (Nasdaq:VICM).
Place AVVAA World Health Care Products (OTCBB:AVVW) on your investment radar screen this morning! Yesterday after the markets closed, the company issued a press release stating that it is finalizing a lease for an initial 4,000 sq. ft. manufacturing facility in Vernon, British Columbia to house manufacturing and production of its skin care products!
This could be the start of great news for investors! AVVAA President CEO Jack Farley said, "We are extremely pleased to have located this phase one manufacturing facility which should allow us to begin production within 45 days. Coupled with new incoming equipment, production capacity potential is capable of 48,000 bottles in an eight-hour shift. Our focus will be on the four core products, to ramp up the manufacturing, marketing and distribution throughout North America and globally thus increasing shareholder value in AVVAA."
The stock closed yesterday at fifty-two cents a share.
In case you are not familiar with the company: AVVAA World Health Care Products is a global biotechnology company that specializes in effective, all natural, therapeutic skin care products that improve quality of life and well being for consumers. AVVAA's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of common skin ailments, including: eczema, psoriasis and acne. AVVAA is poised to manufacture and market its O-T-C Neuroskin line of skin care products through mass, food and drug channels in the United States and globally.
Stocks showing interesting activity yesterday were: First Virtual Communication (Nasdaq:FVCX) up 23.1% on 21.2 million shares traded, Global ePoint Inc. (Nasdaq:GEPT) up 19.1% on 2.5 million shares traded and Vicom Incorporated (Nasdaq:VICM) up 19.7% on 1.4 million shares traded.
Commentary:
"Additional retail reports, according to the Commerce Department, shows that in the first quarter of 2004, consumers are still shopping. There was a 1.8 percent increase in retail sales for March, as well as overall increase for the quarter. Economists said that stronger job growth, tax refunds and low borrowing costs helped to boost the numbers and the spending," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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