SARASOTA, Fla., June 1, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye on, Infinium Labs, Inc. (OTCBB:IFLB), Activision, Inc. (Nasdaq:ATVI), and Midway Games Inc. (NYSE:MWY)
Infinium Labs, Inc. (OTCBB:IFLB) has announced that they have appointed seasoned entertainment industry executive, Andrew Schneider, as senior vice president of marketing. Drawing on his background in digital media and content distribution, Schneider will lead the company's marketing efforts surrounding the upcoming launch of its flagship Phantom Gaming Service(tm), the first end-to-end, on-demand game distribution service. The company is set to launch a cutting edge online gaming service in the fourth quarter of 2004. The Phantom Gaming Service will be delivered online over any broadband network and offer a broad library of games designed to appeal to the avid gamer as well as the casual player. For more information, please visit http://www.phantom.net. IFLB currently trades at around $1.40 a share.
Midway Games Inc. (NYSE:MWY), announced that MLB SlugFest(r): Loaded(tm) is expected to be the first ever video game to implement Microsoft's recently announced updates to Xbox(tm) Live 3.0 via customizable, online tournaments. MLB SlugFest: Loaded is scheduled for release on June 21, 2004, for the Xbox(r) video game system from Microsoft. MWY currently trades at around $10-$11 a share.
On the Nasdaq, Activision, Inc. (Nasdaq:ATVI), May 27, had coverage initiated on them by Wells Fargo Sec. Also, Activision announced on May 19 that, through a licensing agreement with Spider-Man Merchandising (a 50/50 limited partnership comprised of Marvel Enterprises, Inc. and Sony Pictures Consumer Products Inc.), the company will develop and publish interactive entertainment games based on Columbia Pictures/Marvel Enterprises, Inc.'s upcoming feature film "Spider-Man 3," which is set for release in May 2007. ATVI currently trades at around $15-$16 a share.
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