WESTON, Fla., May 19, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Newport International Group, Inc. (OTCBB:NWPO), Orthodontic Centers of America (NYSE:CA), DSL.net Inc. (Nasdaq:DSLN) and Bookham Technology (Nasdaq:BKHM).
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 Newport International Group, Inc. announced the signing of a licensing and distribution agreement with Complex Systems, Inc. (CSI), a privately held provider of banking software servicing major financial institutions throughout the world with office locations including New York, Paris, Amsterdam, Madrid, Bogota, Bangkok and Hong Kong!
This could be more great news for investors! Under the terms of the agreement, CSI will license GRC's Business edition, VOIP tools and remote collaboration software for use between its network of worldwide offices. CSI will also market the web based products as well as a proprietary secured server solution to its clients which include many leading financial institutions throughout the world.
Keep your eyes on this company! GRCI will also help CSI in creating a 24/7 live virtual support center for its banking customers where sales and maintenance functions can be conducted in a secure, fully encrypted environment which will enable CSI to dramatically reduce travel costs and deployment time while increasing productivity and customer satisfaction for its banking software products. "We are extremely happy that CSI has chosen to partner with us for both usage and distribution of our products," commented Cery Perle, CEO of Newport International, Inc. and GRCI. "This agreement helps to give GRCI a sales presence in many key locations throughout the globe and validates the need for these applications in the challenging global environment of today."
The stock closed yesterday at $1.88 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: Orthodontic Centers of America (NYSE:OCA) up 17% on 5.5 million shares traded, DSL.net Inc. (Nasdaq:DSLN) up 10% on 5.6 million shares traded and Bookham Technology (Nasdaq:BKHM) up 7.8% on 3.3 million shares traded.
Commentary:
"The national average for gasoline, now at over slightly $2.00 per gallon, continues to edge upward. SUV sales are slowing, the wallet is much thinner, and motorists are irate; the summer vacation driving season has not yet started. Experts in vacation travel are predicting much shorter summer drives. Summer vacation has over 50% of the travelers driving to destinations, so it is a significant number," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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