SARASOTA, Fla., May 4, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to swing over and check out a still little known diamond company called Delta Mining and Exploration Corp. (Pink Sheets:DMXP). Delta Mining and Exploration Corp., is a mineral exploration company with an extensive portfolio of diamond and gold properties throughout the state of Montana, and in Bolivia, South America. Yesterday after the markets closed, Delta announced that surface reconnaissance work previously completed by Delta's geologists, show that there is potential for the discovery of further kimberlite pipes on the company's Montanan properties. Kimberlite pipes are the principal source of diamonds throughout the world. The exploration that is to be completed over the coming months is designed to test the potential of the Montanan diamond leases covering approximately 7500 acres. In addition to the Montanan properties, Delta also has two more environments of interest in the country of Bolivia, South America. One is in the Andes and the other in the Precambrian, in Eastern Bolivia (within the Archean Gupaore Craton of the Brazilian shield). Delta controls some 7,500 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. Another 10,000 acres of prospective diamond and gold properties are controlled in Bolivia, South America. Have a look at Delta Mining and Exploration Corp. today.
Making waves is WorldGate Communications, Inc. (Nasdaq:WGAT), the company announced an exclusive multi-year agreement with Motorola (NYSE:MOT) for the worldwide development and distribution of the Ojo(TM) personal video phone. Under the terms of the agreement, Motorola will market the Ojo personal video phone as part of its "connected home" portfolio of consumer broadband solutions. WGAT saw some heavy than usual volume Monday of 21,734,262 to end at $2.45, UP 0.81 (49.39%).
Also performing well was KANA(tm) (Nasdaq:KANA), KANA announced that Tim Angst has joined KANA as executive vice president of worldwide operations. In this role, Mr. Angst will manage several aspects of KANA's worldwide operations including sales, partner alliances, and customer service, and he will report directly to Tom Doyle, KANA's President and COO. KANA saw some heavy than usual volume Monday of 2,375,154 to end at $3.26, UP 0.76 (30.40%).
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