WESTON, Fla., Sept. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: FoneFriend Inc. (OTCBB:FFRD), Autobytel Inc. (Nasdaq:ABTL), Vignette Corporation (Nasdaq:VIGN) and Advanced Micro Devices (NYSE:AMD).
Aggressive investors and traders will be watching FoneFriend Inc. (OTCBB:FFRD) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it is acquiring an additional 10,000 Voice over Internet Protocol (VoIP) customers from InfiniCom Networks Inc., taking the company's subscriber base to 70,000 paying customers with annualized revenues of $12.6 million!
This is huge news for investors! This follows the company's announcement in August of the successful verification of the billing, customer support and technology infrastructure that drives the phone service, during which time the company experienced a 99.5% service retention rate from the first month of subscriber calling.
It was also just last month that the company announced that it generated revenues slightly in excess of $1 million from this first month of operations!
Investors watch this one! FoneFriend President, Robin Glanzl, commented, "We are very pleased with the results of our first product launch -- the $15 a month unlimited calling plan throughout North America and to Western Europe and several Pacific Rim countries -- and as previously announced, we are now committing to an aggressive expansion of our subscriber base, with a goal of becoming a dominant player in the exciting fast growth VoIP industry."
Karen Blevins, Vice President/Carrier Markets for InfiniCom Networks, Inc. said, "This order to support 10,000 new subscribers demonstrates FoneFriend and InfiniCom's ability to rapidly deploy additional new subscribers. We are delivering carrier-grade VoIP telephony service at a fraction of normal telco costs to our customers and early experience shows that our subscribers appreciate our service quality and stay with us."
The stock closed yesterday between twelve and thirteen cents a share.
In case you are not familiar with the company: FoneFriend is a rapidly emerging company in the fast growing VoIP industry. The company provides its customers with access to extremely low cost, long-distance calling via the Internet, using only a standard telephone handset or their personal computer. The company's web site is http://www.fonefriend.biz.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Autobytel Inc. (Nasdaq:ABTL) up 12.3% on 857,385 shares traded, Vignette Corporation (Nasdaq:VIGN) up 8.2% on 3 million shares traded and Advanced Micro Devices Inc. (NYSE:AMD) up 5.6% on 16.5 million shares traded.
Commentary:
"US Airways Group Inc., trying to raise money and avoid liquidation, on Monday asked a judge for permission to skip a big pension payment due this week, in its first move since filing for protection against creditors over the weekend. The No. 7 U.S. airline, which filed for its second bankruptcy in as many years on Sunday, got permission to continue operating using money from a loan it secured last year with the help of government guarantees," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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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 sixty-two thousand dollars for coverage of FoneFriend Inc. (OTCBB:FFRD), by the company, 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 Mario Cardenas.
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