SARASOTA, Fla., June 8, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye American Multiplexer Corp. (Pink Sheets:AMUT), SunnComm Technologies, Inc. (OTCBB:SCMI) and Incara Pharmaceuticals Corp. (OTCBB:ICRA)
American Multiplexer Corp. (Pink Sheets:AMUT)
Investors may want to swing over and check out a Company called American Multiplexer Corp. (Pink Sheets:AMUT). After the closing bell Monday the company announced that its eFotoXpress Software is now being provided by 18 major distributors in the USA reaching over 4000 outlets. These major distributors include the following: ABS Computer, ADF Services, Amazon.com, CompUSA, Brandess-Kalt-Aetna, Beach Camera, J & R Music, Marine Park, PCMall, Pinnacle Marketing, Ray Photo Supply, Reeds Camera, 7 Turns Camera, Tiger Direct.com, TJ Camera, Yahoo.Com and Venturaes Educational Systems.
Additionally a contract has been executed with a major national aggregator, Take Two Interactive, that will focus on providing the eFotoXpress software to major retail stores like Office Max, Office Depot and Best Buys.
AMUT closed .03 higher Monday at $.30 on volume of 253,002 shares.
Other stocks showing interesting activity on Monday were:
SunnComm Technologies, Inc. (OTCBB:SCMI), a leader in the development of digital content security and enhancement for audio CDs, announced Monday that BMG Canada Inc. will begin releasing commercial audio CDs utilizing SunnComm's MediaMax M4(TM) Music Management technology.
SCMI closed 0.0170 higher on Monday at $.1540 on volume of 6,289,149 shares.
Incara Pharmaceuticals Corp. (OTCBB:ICRA) announced Monday after following discussions with the Food and Drug Administration (FDA) that it was mutually agreed that Incara would quickly revise the Phase 1 clinical trial protocol submitted with Incara's April 30, 2004 AEOL 10150 Investigational New Drug application and proceed directly into patients with amyotrophic lateral sclerosis (also known as 'ALS'or 'Lou Gehrig's disease').
Shares of ICRA dropped 0.05 Monday to close at $0.28.
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