SARASOTA, Fla., May 6, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
One Nasdaq stock that saw some heavy trading Wednesday was Mace Security International, Inc. (Nasdaq:MACE), a manufacturer of electronic surveillance and personal defense products, and an owner and operator of car and truck wash facilities. Mace announced on Wednesday that its financial results for the quarter ended March 31, 2004, including a 200% increase in revenues from its Electronic Surveillance Products Division, from $400,000 in the first quarter of 2003 to $1.2 million in the first quarter of 2004. Investors loved the news as MACE saw some heavier than usual volume Wednesday of 22,081,791 to end at $5.92, up 2.64 (80.49%).
On the OTCBB, making waves is GlobeTel Communications Corp. (OTCBB:GTEL). GlobeTel announced on Wednesday, "that it has entered into an agreement to deploy the world's first high altitude Stratellite platform for wireless voice, data and digital broadcast services in Australia.
GlobeTel, through its subsidiary, Sanswire Networks, has entered into a binding heads of agreement with an Australian consortium that will provide funding to deploy the world's first "Stratellites" in Australia. The jointly owned company will operate the Stratellite network in Australia and New Zealand." GTEL saw some heavier than usual volume Wednesday of 15,147,079 to end at $0.12, UP 0.032 (36.36%).
Thursday's Pink Sheet Stock Focus Alert:
Investors may want to swing over and check out a still little known mineral exploration company trading at around $.02 a share. The company known as Delta Mining and Exploration Corporation, (Pink Sheets:DMXP), has 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 the final stages of a US two million (US$2,000,000) dollar financing with a Toronto based investment house. Subject to the completion of legal documentation and regulatory approval, this agreement has been the result of continued negotiations between the two parties. It is anticipated that all documentation and the negotiated financing will be in place within the next month. This influx of funds is testament to the growing interest in the mining sector and more specifically the Delta story. Funds will be utilized in a number of areas but will be focused on the continued exploration on the Homestead Kimberlite property and for general corporate purposes. Have a look at Delta Mining and Exploration Corporation today.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, here after referred to as "the company". The company received compensation for this newsletter service for Delta Mining and Exploration Corp. only. The compensation is four thousand dollars from a non-affiliated third party Alex Consulting Inc. Because the company is receiving compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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