WESTON, Fla., May 26, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: EnXnet Inc (OTCBB:EXNT), SINA Corporation (Nasdaq:SINA), Kintera Inc. (Nasdaq:KNTA) and IRIS International, Inc. (Nasdaq:IRIS).
Aggressive investors and traders will be looking at EnXnet Inc (OTCBB: EXNT) again this morning! Yesterday after the markets closed, the company issued a press release announcing it has filed for International Patent rights under the Patent Cooperation Treaty (PCT) for its Electronic Article Surveillance (EAS) tag technology!
This could end up being great news for investors! The company decided to file for international patent protection under the Patent Cooperation Treaty (PCT) due to the significant interest in the technology shown by several Fortune 100 companies with global operations.
The worldwide market for the company's technology is vast. Over 17 billion DVD and CD discs were manufactured worldwide in 2003. International Recording Media Association's (IRMA) Market Intelligence Report shows an unmistakable trend line supporting continued growth of DVD player and DVD disc sales. From the current annual level of 2.7 billion DVD discs produced worldwide, IRMA forecasts that by 2008, annual factory shipments of DVDs globally will approach 7 billion units. Adams Media Research projects DVD players in 91% of U.S. homes by 2008. There are more than 400 CD and more than 200 DVD manufacturing facilities around the world. Over $5.0 billion was spent on DVDs in just the United States in 2003. This does not include the huge volume of music, video game and software CDs sold each year.
Keep your eyes on this company! Virtually every retail outlet worldwide is currently using one or more EAS technologies to combat theft. The company's technology operates seamlessly with the four major EAS tagging systems in use worldwide: Radio Frequency (RF); Radio Frequency Identification Device (RFID); Electromagnetic (EM); and Acousto-Modulation (AM), thus it can be enabled without any new or additional equipment being required at the retail level.
These products are designed specifically for embedding EAS tags, including RFID, in optical disc products such as digital video discs (DVD's) and compact discs (CD's) during the manufacturing process.
This technology also offers significant security and anti-counterfeiting aid to the disc manufacturing and distribution industry. The inclusion of RFID will allow tracking and inventory control from the point of manufacture to the retail sale of the product. Furthermore, products which do not contain this technology can be easily shown to be counterfeit.
The stock closed yesterday at Fifty-Five cents a share.
Stocks showing interesting activity yesterday were: SINA Corporation (NASDAQ: SINA) up 7.1% on 6.7 million shares traded, Kintera Inc. (NASDAQ: KNTA) up 25.6% on 560,800 shares traded and IRIS International, Inc. (NASDAQ: IRIS) up 16.9% on 1.9 million shares traded.
Commentary: "Will oil per barrel ever reach pre-Iraq war levels, in mid $20 per barrel range? Many oil analysts and experts are weary and here are their concerns. Remember, everything we do is in some way effected by energy (mainly oil energy); heating or cooling our homes, driving to work, all food and consumer products are mainly trucked into the retail stores, and any aspect of additional commerce and development is depended on a source of energy, predominately fossil energy. The U.S. is consuming 3 percent more oil than in 2003, but China is consuming 33-35 percent more than in 2003, and India is following suit. We are a fossil fuel global economy and the experts do not see any replacement fuels on the horizon," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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