SARASOTA, Fla., May 20, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye Hollis-Eden Pharmaceuticals, Inc. (Nasdaq:HEPH), Kroll Inc. (Nasdaq:KROL), and CorpHQ, Inc. (Pink Sheets:COHQ).
Investors may want to swing over and check out a little known Company called CorpHQ, Inc. (Pink Sheets:COHQ), On May 17, CorpHQ reported that it has posted its Voluntary Quarterly Report for the period of January 1 through March 31, 2004. During the three month period ending March 31, 2004, the Company's total assets increased by 49% to $2,815,738 from $1,887,430 at March 31, 2003. CorpHQ 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. Investors can view the report at, http://biz.yahoo.com/bw/040517/176295_1.html. Since the inception of its predecessor company in 1993, CorpHQ, Inc. has evolved from an innovative online marketplace and virtual corporation for small and home-based businesses into a business consulting organization and holding company comprised of established and emerging companies. The CorpHQ companies address vertical market segments in the Consumer Products, Services and Technology industries. COHQ currently trades at around a post-split level of .08 a share. For additional information please visit the Company's website at www.corphq.com.
On the Nasdaq, Hollis-Eden Pharmaceuticals, Inc. (Nasdaq:HEPH) announced on Wednesday that "it will present at the UBS 2004 Global Specialty Pharmaceuticals Conference in New York City, at 9:00 a.m. Eastern (6:00 a.m. Pacific) on Tuesday, May 25, 2004. Presenting on behalf of the Company will be Daniel D. Burgess, CFO and COO. A live webcast of the presentation will be available from the conference. The webcast may be accessed under 'Event Calendar' on the Investors section of Hollis-Eden's website at www.holliseden.com, and will be archived at the Company's website for 30 days following the presentation." HEPH traded heavy volume Wednesday of 4,537,418 to end at $10.40, Up 2.53 (32.15%).
Also on the Nasdaq, making waves was Kroll Inc. (Nasdaq:KROL), Marsh & McLennan Companies, Inc. (MMC) and Kroll Inc. announced on Tuesday that, "MMC will acquire Kroll, the world's leading risk mitigation services firm. The transaction will broaden significantly the range of MMC's risk and insurance services businesses and enhance its leadership position in risk management services. Under the definitive agreement, signed today, MMC will acquire Kroll in an all-cash $1.9 billion transaction in which Kroll shareholders will receive $37 for each outstanding share of Kroll common stock they own. The price to be paid by MMC represents a 31.7 percent premium over Kroll's closing stock price of $28.10 on the Nasdaq National Market on May 18, 2004." KROL saw a significant up movement on Wednesday to $36.56, Up $8.46 (30.11%) on volume of 30,526,288.
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