WESTON, Fla., Sept. 2, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: GEMZ Corp., (Pink Sheets:GMZP), Corinthian Colleges Inc. (Nasdaq:COCO), SuperGen Inc. (Nasdaq:SUPG) and National Semiconductor Co. (NYSE:NSM).
Aggressive investors and traders will certainly want to take another look at GEMZ Corp., (Pink Sheets:GMZP) this morning! Yesterday after the markets closed, the company issued a press release announcing it takes note of published reports indicating that the market for technology being developed by its subsidiary, International Nanotechnology Corp., is growing at a rate exceeding 30% per year.
This could be big news for investors! According to the press release, SolarBuzz.com (http://www.solarbuzz.com/Marketbuzz2004-intro.htm) reports that world solar photovoltaic market installations soared in 2003, representing growth of 34% over 2002.
Solar power generates less than 1 percent of the electricity in the United States, according to Robert Margolis, a senior analyst with the U.S. Department of Energy, providing a huge growth opportunity.
Over the last 20 years, improvements in manufacturing techniques gradually lowered the costs of solar cells. That has widened their use, which in turn has led to further expansions in the market and further economies of scale.
GEMZ Corp. is investing in the development of solar-powered technology against this positive background of a rapidly growing market.
Investors watch this one! We recently reported that the company's subsidiary had signed a definitive agreement with TSDC-N, a joint venture created by Terra Solar Development Corp. (TSDC) and Dr. S. Kulcsar, to acquire substantially all of its nanotechnology assets of TSDC-N and an exclusive license to sell certain photovoltaic products being developed by TSDC in the United States as well.
The stock closed yesterday at around half a cent a share.
In case you are not familiar with the company: GEMZ Corp. is a publicly traded company located in New York City. Its subsidiary, International Nanotechnology Corp. (INC) is developing a solar-powered solution for powering cell phones and laptop computers. INC recently entered into a definitive agreement with TSDC-N, a joint venture created by Terra Solar Development Corp. (TSDC) and Dr. S. Kulcsar. TSDC is a leading developer of photovoltaic and nanocell technology. As announced, INC will acquire substantially all of its nanotechnology assets of TSDC-N and an exclusive license to sell certain photovoltaic products being developed by TSDC in the United States as well. The INC product is believed to be the first to use PV Nanofilms, which combine thin films and nanotechnology so it can also work indoors in most lighting situations. Nanofilms have elements below 1,000 and even below 100 nanometers. For more information please visit www.gemzcorp.net.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Corinthian Colleges Inc. (Nasdaq:COCO) up 23.2% on 21.1 million shares traded, SuperGen Inc. (Nasdaq:SUPG) up 7.9% on 18 million shares traded and National Semiconductor Co. (NYSE:NSM) up 1.8% on 6 million shares traded.
Commentary:
"Expansion in the U.S. factory sector slowed in August as higher costs for energy and raw materials squeezed manufacturers, a report showed on Wednesday, but analysts said growth remained relatively robust. The Institute for Supply Management said its index of national manufacturing activity fell to 59.0 in August, the lowest since October 2003, from 62.0 in July," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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