WESTON, Fla., April 20, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: WebSky Inc. (Pink Sheets:WBSY), VCampus Corporation (Nasdaq:VCMP), IR BioSciences Holdings, Inc. (OTCBB:IRBO) and Evergreen Solar Inc. (Nasdaq:ESLR).
Place WebSky, Inc. (Pink Sheets:WBSY) on your investment radar screen! Yesterday after the markets closed, the company issued a press release announcing that it had completed its initial series of meetings with key members of the investment community in San Francisco and Irvine, California last week and that additional meetings with individuals and groups of similar investors will occur on the East Coast next week.
Events are scheduled in New York, Philadelphia and Atlanta during the week of April 26th. The Company is being assisted in these presentations by Friedland Capital, Inc., the world's largest sponsor of financial community and investment events. Friedland sponsors over 150 conferences and luncheons annually in 18 U.S. and 3 European cities.
Keep watching WebSky! Douglas Haffer, WebSky's President and Chief Executive Officer, presented at Friedland's Undervalued Equities Conference in San Francisco on April 13th. The following day, meetings were held with a number of individuals from the San Francisco investment community. And on Thursday, April 15th, Haffer presented at a very-well attended luncheon, held in Irvine, Orange County, California.
Investors interested in meeting with Mr. Haffer privately on WebSky's U.S. Road Show should contact Dara Podber at 201-420-7437. Mr. Haffer will be in New York from April 26-27, in Philadelphia on April 28, and in Atlanta on April 29.
Yesterday the stock closed at $1.40 a share.
In case you are not familiar with the company: WebSky, Inc. is a San Francisco-based company that controls licensed MMDS radio frequency in seven small and medium sized U.S. markets and has entered into preliminary joint venture agreements for national licenses for such frequencies in Thailand and Indonesia. The initial U.S. location to be constructed by the Company is Key West, Florida, which is expected to be in operation during summer 2004. Other U.S. licensed cities include Grand Rapids, Michigan, Aspen and Vail, Colorado, and Hilo, Hawaii.
WebSky's high speed broadband wireless systems will operate over licensed frequencies, offering protection from interference and a high level of security. WebSky will be able to provide ubiquitous fixed, portable, and mobile service within its licensed areas with very few transmission points, enabling subscribers to connect at very high speeds at very competitive subscription rates. The company's primary focus for new license acquisition is international. The combination of underserved markets and very limited competition provides an exciting opportunity for WebSky to participate in the very rapid expansion of Internet penetration, which is occurring in the nations of Asia, Latin America and Eastern Europe.
Stocks showing interesting activity yesterday were: VCampus Corporation (Nasdaq:VCMP) up 25.8% on 10.4 million shares traded, IR BioSciences Holdings, Inc. (OTCBB:IRBO) up 9.5% on 733,700 shares traded and Evergreen Solar Inc. (Nasdaq:ESLR) up 41.3% on 3.4 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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