WESTON, Fla., Aug. 17, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Xynergy Corp (Pink Sheets:XYNY), Lucille Farms Inc. (Nasdaq:LUCY), NovAtel Inc. (Nasdaq:NGPS) and Conexant Systems Inc. (Nasdaq:CNXT).
Aggressive investors and traders will want to watch Xynergy Corp (Pink Sheets:XYNY) this morning! Yesterday after the markets closed, the company issued a press release announcing that its subsidiary Indigo Technology Services, Inc. (Indigo) has entered into a contract to upgrade the high speed internet access for one of San Francisco, CA's premier hotels!
This contract includes a monthly maintenance contract for 2 years on the upkeep of the high speed internet access system. Additionally, Indigo will have a 2-year contract for customer service.
This could be good news for investors! Indigo's trademarked Guestworx(tm) high speed internet access system installation is to be completed in the next two weeks and will mark the national expansion of Indigo Technology Services, Inc. With all of the necessary capital in place, Indigo expects to more than double its monthly revenue by the end of September.
Keep your eyes on this company! Through Guestworx(tm), Indigo will not only provide 24/7 internet access support to hotel guests, but will also maintain the wired and wireless networks for 15 hotels around the country. Each hotel usually carries a 2-year minimum contract and provides for recurring monthly revenue. Additional hotel installations in the California Market are expected shortly.
"Our Management team has done a tremendous job of building a profitable company to this point with no capital," stated Indigo's President Tom Raymond. "Now that we have the necessary capital in place, we will be able to expand our services nationally. This expansion should result in an explosion in sales."
The stock closed yesterday at around Two and a half cents a share.
In case you are not familiar with the company: Xynergy Corporation (www.xynergycorp.com) is a holding company for Raquel of Beverly Hills cosmetics, Think Blots(C) greeting cards and Indigo Technology Services, Inc.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Lucille Farms Inc. (Nasdaq:LUCY) up 41.6% on 730,941 shares traded, NovAtel Inc. (Nasdaq:NGPS) up 24% on 380,961 shares traded and Conexant Systems Inc. (Nasdaq:CNXT) up 7.1% on 15.6 million shares traded.
Commentary:
"The Labor Department said that the number of people filing for first-time unemployment claims benefits fell by 4,000 last week to 333,000, a five week low and a sign that the labor markets maybe improving after a poor performance in July," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 20 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fifty Thousand Dollars for coverage of Xynergy Corp (Pink Sheets:XYNY), by a third party (Financial Freedom Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.