WESTON, Fla., May 11, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are Newport International Group, Inc. (OTCBB:NWPO), Senetek PLC (Nasdaq:SNTK), Allegheny Energy Inc. (NYSE:AYE) and Vertex Pharmaceuticals (Nasdaq:VRTX).
Aggressive investors and traders should be watching Newport International Group, Inc. (OTCBB:NWPO) this morning! Yesterday after the markets closed, GrassRoots Communications, Inc. (GRCI), a subsidiary of the company issued a press release announcing the signing of a three year agreement with Prospective Payment Specialists (PPS), Inc. With this agreement, PPS will use GRCI's advanced web-conferencing and online collaboration tools in routine communications with their 1,400 client hospitals!
This could be huge news for investors! According to the press release, Under the GRCI Affiliate Residual Program, PPS will also promote the benefits and resell GRCI's solutions across their client base for further implementation in the hospital networks. While the client hospitals are not obligated in any way to purchase the software and purchase decisions are made by each hospital on an individual basis, this Affiliate Residual Program represents a potential multi-million dollar annual opportunity for GrassRoots.
GRCI CEO Cery Perle states that "this is a wonderful opportunity to service up to 1,400 new customers in a niche market where conferencing and collaboration could change the way they communicate; savings of time and money that could find their way to the consumer."
Investors should pay very close attention to this company! PPS is different from other financial consulting firms supporting hospitals because their unique specialization allows them to provide clients with a team of personnel with rare and specific qualifications. Now, PPS will bring cost-effective, added value for these clients by using GRCI's web-conferencing and online collaboration tools for unique and real-time communication. According to Jay Janov, President of PPS, "we expect to save hundreds of thousands dollars each year by using GRCI software. Using GRCI will help conduct a big portion of our operations of service with our clients; it will minimize travel to the clients' sites because work can be conducted on an off-site basis."
The stock closed yesterday at $2.00 a share.
In case you are not familiar with the company: Newport International Group Inc. www.newport-international-group.com, through its subsidiary, GrassRoots Communications, Inc. (GRCI), provides reliable, affordable web conferencing and collaboration technology, previously affordable only to Fortune 500 companies. Offering fast, real-time collaboration, video, and voice, GRCLive saves time and improves the efficiency and effectiveness of business communication.
Stocks showing interesting activity yesterday were: Senetek PLC (Nasdaq:SNTK) up 27.4% on 19.4 million shares traded, Allegheny Energy Inc. (NYSE:AYE) up 5.2% on 2.9 million shares traded and Vertex Pharmaceuticals (Nasdaq:VRTX) up 1.7% on 1.1 million shares traded.
Commentary: "Hey, are you shopping for a home mortgage? Check out the rates, especially those 30-year mortgages that have really escalated in the past few weeks. According to www.bankrate.com the national average mortgage rates through last Friday saw the 30-year at 6.18 percent, the 15-year at 5.52 percent, and the one-year adjustable at 3.90 percent. This is at least a 25 basis point increase in the last 4-6 weeks, and according to many mortgage lenders causing a spur of activity the last several weeks," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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