SARASOTA, Fla., May 11, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye on SteelCloud Inc. (Nasdaq:SCLD), Aceto Corporation (Nasdaq:ACET), and CorpHQ, Inc. (Pink Sheets:COHQ).
One Nasdaq stock that saw significant up movement on Monday was SteelCloud Inc. (Nasdaq:SCLD), a leading supplier of network security solutions and consulting services, announced Monday that it has received a $12 Million contract from a major federal integrator for specialized server appliances. The contract includes options for the customer to purchase a substantial number of additional appliances over the next 12 months. If all options are exercised, the total contract value may exceed $20 Million. Further information about the contract will be made public within the coming weeks. SCLD traded heavier than usual volume Monday of 549,318 to end at $3.21, up 0.65 (25.39%).
Aceto Corporation (Nasdaq:ACET), a global distributor of chemically-derived pharmaceuticals, biopharmaceuticals and specialty chemicals, announced Monday that its Board of Directors declared a regular semi-annual cash dividend of $0.085 per common share. The cash dividend will be distributed on June 25, 2004 to shareholders of record as of June 14, 2004. ACET traded heavier than usual volume Monday of 296,152 to end at $17.16, UP .64 (10.57%).
Tuesday's Pink Sheet Alert: CorpHQ, Inc. to "forward split".
Investors may want to check out CorpHQ, Inc. (Pink Sheets:COHQ). CorpHQ announced on Monday after the close that its Board of Directors has approved a forward stock split covering all of its issued and outstanding shares of common stock. Effective as of 9:00 a.m. Pacific Time on May 18, 2004, every share of stock outstanding as of 5:00 p.m. Pacific Time on the record date, May 17, 2004, will immediately convert, without further consideration of any kind, into 10 shares of the company's common stock. CorpHQ Inc. operates as a holding company and business incubator. The Company organizes, invests in, and provides comprehensive management support and a variety of resources to high-potential companies. CorpHQ also acquires interests in and provides consultation to selected companies that are synergistic with its invested companies. Since 2001, CorpHQ has developed significant interests in five portfolio companies, which are in various stages of development. COHQ currently trades at around $0.80 a share. Have a look at CorpHQ, Inc. today.
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