WESTON, Fla., July 21, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Newport International Group, Inc. (OTCBB:NWPO), AirTran Holdings Inc. (NYSE:AAI), ID Biomedical Corporation (Nasdaq:IDBE) and CyberSource Corporation (Nasdaq:CYBS).
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 that it has teamed up with Priority Networks Inc. (PNI) to offer a comprehensive web-conferencing and collaboration package to PNI's convention exhibitors.
This could be great news for investors! This new product is a welcome addition to the host of packages offered to their convention center and hotel clients.
PNI's convention and hotel customers, which include the Moscone Center, the Long Beach Convention Center, Bally's Las Vegas, Caesars Palace Las Vegas and the Miami Beach Convention Center, will be exclusively offered this service for their Trade Show and Convention Show Management and Exhibitors beginning in September of this year.
"GRCI's web conferencing, video and collaboration tools differ from current web conferencing services with their ability to provide on-demand, anywhere in the facility video conferencing," says Terry Funk, President of Priority Networks. "We are excited at the opportunity to promote these unique services and look forward to a longstanding relationship with GRCI."
GRCI's software will enable trade show management and exhibitors to become more interactive and productive through the use of web-conferencing and collaboration software, which provides real-time video, voice, interactive whiteboard and powerful collaboration and document sharing.
Keep your eyes on this company! Cery Perle, CEO of GRCI notes, "This is a landmark transaction for our company and we are proud to have been selected by Priority Networks, Inc., as they represent some of the most cutting edge convention and hotel facilities in the world."
The stock closed yesterday at $2.00 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.
Priority Networks, Inc. is a leading provider of event network and telecommunication services with more than 18 major event facilities nationwide encompassing over 3.5 million square feet of exhibit hall space as well as one million square feet of meeting room space.
Stocks showing interesting activity yesterday at the close of the regular trading day were: AirTran Holdings Inc. (NYSE:AAI) up 7.3% on 1.2 million shares traded, ID Biomedical Corporation (Nasdaq:IDBE) up 32% on 3.7 million shares traded and CyberSource Corporation (Nasdaq:CYBS) up 11.8% on 1.9 million shares traded.
Commentary:
"Housing starts for June, according to a report by the Commerce Department, fell 8.5% from May, which adjusts to 1.80 million units. June permits also fell 8.2%, the lowest in 10 years. Housing had been a significant performer since the recession that started in 2000, but with the increase in mortgage rates the last several weeks, the growth seen in the last several years may not be sustainable, according to analysts," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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