WESTON, Fla., May 5, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Surface Tech Inc. (Pink Sheets:SFCI), Motorola Inc. (NYSE:MOT), GameZnFlix Inc. (OTCBB:GZFX) and Armor Enterprises Inc., (OTCBB:ARME).
Aggressive investors and traders may be watching Surface Tech Inc. (Pink Sheets:SFCI) again this morning! Yesterday after the markets closed, the company issued a press release announcing 13 new wheel repair Franchises awarded by its licensee Alloy Wheel Repair Specialists!
This could be huge news for investors! The market for the company's patented wheel repair technology continues to accelerate along with the industry's awareness of the availability of this much needed service.
Investors really need to keep their eyes on this company as it continues to grow! "We are very excited about the accelerated rate of franchise growth by Alloy Wheel Repair Specialists," stated Surface Tech President Jeremy Preston. Chairman Chris Pittman noted; "With Alloy Wheel Repair Specialist's growing national presence, it is enabling both Surface Tech and A.W.R.S. to further benefit from our cooperative working relationship. With the continuing increase in our servicing of national accounts such as Hertz, Avis, Budget, Alamo, State Farm Insurance, Manheim Auto Auctions, etc., the ability to properly satisfy their growing demand has proven to be vital."
The stock closed yesterday at twenty-three cents a share.
In case you are not familiar with the company: Surface Tech is the only company that has a patented method to resurface alloy wheels without removing them from the car. The company's licensed technicians provide low-cost solutions to high-priced problems for over 4,000 automobile dealerships, auto auction sites, car rental companies, and insurance companies through licensed technicians in 35 states.
Stocks showing interesting activity yesterday were: Motorola Inc. (NYSE:MOT) up 2.3% on 12.1 million shares traded, GameZnFlix Inc. (OTCBB:GZFX) down 2.5% on 2.9 million shares traded and Armor Enterprises Inc., (OTCBB:ARME) up 1.3% on 331,300 shares traded.
Commentary:
"Construction spending in March showed the best month on record, according to the Commerce Department report. The building increases was a jump of 1.5 percent from February, making this a seasonally adjusted rate of $944.1 billion, which is the highest amount on record. Also, the Institute for Supply Management said that the manufacturing index for April showed 62.4 percent, higher than the 62.5 percent for March, another good sign for the economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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