WESTON, Fla., April 20, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bluetorch Inc. (OTCBB:BTOR), WSI Industries Inc. (Nasdaq:WSCI), 5G Wireless Communications, Inc. (OTCBB:FGWC) and DynTek Inc (Nasdaq:DYTK).
Aggressive investors should keep their eyes on Bluetorch Inc. (OTCBB:BTOR) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has contracted Texas based Adrenaline Sports as its territory sales representative in the states of Texas, Oklahoma, Louisiana, Alabama and New Mexico for its two subsidiaries, Unboxed Distribution Inc. (Bluetorch(tm)) and Total Sports Distribution Inc. (TSABrand & Airwalk(r))!
This could be great news for investors! Adrenaline Sports, led by William "Boog" Cram, will also cover all of the targeted key accounts within this territory, such as JCPenney, Dillard's, Fast Forward, Gadzook's, Academy Sporting Goods and Hibbett's Sporting Goods. Mr. Cram brings fourteen years of sporting goods experience to Unboxed and Total Sports. He currently represents Ocean Earth Surf Accessories, Legend Eyewear and Capix Skate Gear.
Stewart Kawamura, National Sales Manager, said, "There are a lot of key retailers in this territory. I am very confident in the job Boog will do for us as he has long been ingrained in the extreme sports industry for a long time. He has provided us with excellent feedback in terms of our product line and future direction. He is, and will be, a real benefit to us."
Investors need to keep watching this company! William Cram stated, "This is a terrific opportunity as this allows me to call on an eclectic array of retailers, from major department stores to surf shops. Both the variety and the volume potential of such a retail mix is exciting. I am looking forward to working with Stewart."
The stock closed yesterday at three cents a share.
In case you are not familiar with the company: Bluetorch Inc. is an emerging extreme sports company that is rapidly establishing itself as a one-stop shop in the extreme sports industry with a multi-branded portfolio. Bluetorch Inc. presently markets and wholesales Bluetorch, TSABrand and Airwalk branded apparel. Beyond apparel, the Company's goal is to translate the Bluetorch name into a complete lifestyle company focusing on an eclectic array of products for the core extreme sports enthusiast. The Bluetorch apparel line is targeted to core extreme sports and specialty shops. The TSABrand apparel line, after over ten years of distribution in the core shops, is now targeting to expand into better department stores and sporting goods stores such as Sports Chalet, while the Airwalk line will continue to target the mid-tier department store and sporting goods channels through retailers such as The Sports Authority.
Stocks showing interesting activity yesterday were: WSI Industries Inc. (Nasdaq:WSCI) up 30.5% on 1.6 million shares traded, 5G Wireless Communications, Inc. (OTCBB:FGWC) up 41.3% on 12.3 million shares traded and DynTek Inc (Nasdaq:DYTK) up 25.1% on 35.4 million shares traded.
Commentary:
"Today will see economic reports on the index of leading economic indicators, and Friday a report on durable goods. Each will take the pulse of the various factors of the economy and will be closely scrutinized by economists," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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