SARASOTA, Fla., July 22, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Automotive Capital Group, Inc. (Pink Sheets:AOCP), NitroMed, Inc. (Nasdaq:NTMD) and Sanmina-SCI Corporation (Nasdaq:SANM).
Investors may want to keep an eye on Automotive Capital Group, Inc. (Pink Sheets:AOCP). The company announced Wednesday the "launch of its GPS locator division, NAVICOM GPS, with the goal to become the market leader of wireless security/anti theft solutions using Global Positioning System (GPS) technology for automobile, motorcycle, motor-home, and trucking companies." According to Automotive Capital Group, competitors -- such as LoJack Corporation (Nasdaq:LOJN ) -- "may have a bigger market share but Navicom believes their technology, operating system, and range are much superior. Competitor's products work in limited states and only function near major metro markets."
Automotive Capital Group also announced on July 19, "the completion of the company's independent financial audit. This is the first major step in its plan to become a fully reporting company and move from the Pink-Sheet markets to the American Stock Exchange (AMEX.)"
AOCP currently trades at around .45 a share. To learn more go to- (www.AutoCapitalGroup.com) Navicom can be purchased at www.NOWGPS.com. The unit can be purchased for $299.00 or $19.99 per month with a 3-year lease.
On the Nasdaq gaining big Wednesday was NitroMed, Inc. (Nasdaq:NTMD) NitroMed announced Wednesday it has "halted the Phase III clinical trial of BiDil, its lead drug in development for the treatment of African Americans with heart failure. The trial was stopped because of the significant survival benefit seen with the drug. The action followed the unanimous recommendations of both the Data Safety and Monitoring Board (DSMB) and the Steering Committee for the trial." NTMD traded up + 2.81 (24.71%) on volume of 7,949,804 to close at $14.18 a share.
Also trading heavy Wednesday was Sanmina-SCI Corporation (Nasdaq:SANM). Sanmina-SCI reported Wednesday financial results for its third quarter ended June 26, 2004 with a reconciliation from pro forma to GAAP results -- revenues of $3.07 billion in line with company guidance. The complete financials are available on the Investor Relations section of the Sanmina-SCI website at www.sanmina-sci.com. SANM traded volume of 22,608,880 to end the day at 7.22 a share up 0.35 (5.09%).
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for this newsletter service for Automotive Capital Group, Inc. (Pink Sheets:AOCP) only. The compensation is one hundred thousand free trading shares of AOCP from a non-affiliated third party, Beacon Capital. The company still retains all shares as of the date and time of this release. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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