WESTON, Fla., July 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Global Diversified Industries, Inc. (OTCBB:GDVI), BICO Inc. (Pink Sheets:BIKO), Cardiac Science Inc. (Nasdaq:DFIB) and Cognizant Technology Solutions (Nasdaq:CTSH).
Aggressive investors and traders should be watching Global Diversified Industries, Inc. (OTCBB:GDVI) again this morning, as the company continues the string of good news! Yesterday after the markets closed, the company issued a press release announcing that it can now design, manufacture and deliver new modular construction buildings that provide the aesthetics of conventional (stick-built) construction, but at greatly reduced costs and faster completion times than traditional construction projects.
This is great news for investors! These types of modular structures are becoming more popular with architects, who in most cases perform the design criteria for a new school, for new school wing additions etc. This type of construction renders a finished product that provides the aesthetics of conventional (stick-built) construction, and in many cases can also offer a more attractive "value-on-the-dollar" to schools due to Global's unique in-plant manufacturing process.
Global Diversified Industries, Inc. Chairman and CEO Phil Hamilton states, "We are continuing to invest in new design systems and product solutions that offer a wider range of modular building solutions to the California Education Sector, and which leverage our established expertise in design, manufacturing, installation and after-market support services. More school officials are expressing their desire for permanent-type buildings from their modular providers and we currently have several school districts who have started negotiations with our sales team for upcoming projects, one of them a complete new campus in Southern California with an estimated value of nearly $6 million."
Investors will want to keep your eyes on this company! Over the past week, the company has issued several press releases announcing that it is projecting a revenue increase of 100% (approximately $1.9 million in sales revenue for the quarter ending 7/31/04 vs. approximately $920,000 for the same period in 2003) and has increased its manufacturing and site construction workforce over the past three months by hiring 75 additional people.
The stock closed yesterday at just over eleven cents a share.
In case you are not familiar with the company: Global Diversified Industries, Inc. is a holding company with two wholly owned subsidiaries; Global Modular, Inc. and MBS Construction, Inc. Both are engaged in the modular construction marketplace with an emphasis on educational projects. They incorporate the latest in construction software, allowing them to better manage projects incorporating cost vs. profit ratios, construction and manufacturing schedules, purchasing, receiving and other facets of industrial management. The company's work is found in Northern and Southern California, with numerous projects on budget for school systems throughout the state.
Stocks showing interesting activity yesterday at the close of the regular trading day were: BICO Inc. (Pink Sheets:BIKO) even on 51 million shares traded, Cardiac Science Inc. (Nasdaq:DFIB) up 22% on 3.4 million shares traded and Cognizant Technology Solutions (Nasdaq:CTSH) up 12.9% on 3.9 million shares traded.
Commentary:
"The corporate profit and loss profile for the second quarter continues to roll out this week as earnings reports will be heard from American Express, DuPont, Lockheed Martin, Boeing, Time Warner, Bristol-Meyers Squibb, Exxon Mobil and Chevron-Texaco. Last week investors, experts attest, were not impressed with earnings even as rebounds were announced: General Motors up 49%, Ford Motors claimed net income tripled, eBay up 52%, and profits posted at Pfizer, McDonald's, Coca-Cola, and Amazon.com. One wonders what does it take to get investors excited as all the indexes posted a loss for last week. 'How about a fatter wallet,' claimed one analyst," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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