WESTON, Fla., Sept. 15, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: HouseRaising, Inc. (OTCBB:HRAI), China Yuchai International (NYSE:CYD), Mamma.com Inc. (Nasdaq:MAMA) and Amazon.com Inc. (Nasdaq:AMZN).
Aggressive investors and traders will be watching HouseRaising, Inc. (OTCBB:HRAI) this morning! Yesterday after the markets closed, the company issued a press release announcing that with net assets of over $7 million, it has begun selling homes and renovation projects in its first region!
This is huge news for investors! Mr. McLemore, the company's Founder, states, "HouseRaising has opened a design/build operation in Charlotte, North Carolina that currently has $1.1 million in homebuilding and renovation sales under construction. The company expects the Charlotte region to produce sales of $5 million in 2005, expanding to $12 million in 2006, $16 million in 2007 with $21 million in sales by 2008."
According to the press release, the company supports these projections by historical data from operating similar design/build homebuilding and restoration businesses in the past. In addition, "These projections are reasonable," noted McLemore, based on his company's knowledge of industry trends and functioning with our new Internet- based system. Finally, these projections and the information in quotations below was provided to the SEC in connection with their review of the Information Statement on Schedule 14C, which was provided to shareholders regarding the merger.
"The Charlotte region is selling homes and renovation projects utilizing a manual version of System C while the company continues to focus on completion of its Internet-based software and management system. The company expects the proprietary system, named System C, to be available online by the end of Q1- 2005," states Mr. McLemore. The uniqueness of HouseRaising is its proprietary System C as an Internet based design/build management process that allows the company to duplicate a successful business model in multiple locations simultaneously.
Investors watch this one! Yesterday the company also announced that it had completed the process of becoming public. That press release also stated that HouseRaising recruited Charles M. Skibo, a venture capitalist and telecommunications/Internet industry veteran, as Chairman and CEO effective immediately.
The stock closed yesterday at around fifty-one cents a share.
In case you are not familiar with the company: Headquartered in Charlotte, HouseRaising designs and builds custom homes and provides management support to affiliated homebuilders, revolutionizing the way custom homes are designed and built in America. Please visit their web site at http://www.HouseRaising.com for more information.
Stocks showing interesting activity yesterday at the close of the regular trading day were: China Yuchai International (NYSE:CYD) up 10.7% on 1.2 million shares traded, Mamma.com Inc. (Nasdaq:MAMA) up 8.6% on 1.9 million shares traded and Amazon.com Inc. (Nasdaq:AMZN) up 6.6% on 16.3 million shares traded.
Commentary:
"World oil prices rose on Tuesday as Hurricane Ivan charged toward the oil-rich Gulf of Mexico, where energy companies shut down refineries and offshore oil rigs and evacuated thousands of workers," stated Mario Cardenas 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 25 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 twenty-one thousand dollars for coverage of HouseRaising, Inc. (OTCBB:HRAI), 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 Mario Cardenas.
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.