DALLAS, Sept. 16, 2004 (PRIMEZONE) -- Wall Street Futures, a leading source of news and information for the small-cap investor, continues to monitor Gold Entertainment Group, Inc. (Pink Sheets:GEGP), marketer of the nation's only multi-level, fixed-price DVD rental program, as its featured company in the home entertainment space.
GEGP announced this week that it has signed more than 5,000 distributors since the launch of the company's distributor sign-up program just over four months ago. The news comes less than one month after GEGP announced it had signed 2,500 distributors, making GEGP one of the fastest-growing multi-level companies in the world.
The success of Netflix (Nasdaq:NFLX) has proven the efficacy of the online sales and rental model for the home entertainment industry, and it has dulled the outlook for traditional DVD and video rental companies like Viacom (NYSE:VIA), Blockbuster (NYSE:BBI), and Hollywood Entertainment (Nasdaq:HLYW). GEGP's model introduces the multi-level concept, which shifts marketing costs to distributors, resulting in even greater cost savings for the parent company.
Shares of GEGP closed Wednesday at $0.17, up slightly over the past five trading days. Fueled by a naturally warm market in GEGP's distributor network, the stock could continue to attract many investors at this price level.
In addition to GEGP, Wall Street Futures' "stocks to watch" include: ProMana Solutions, Inc. (Pink Sheets:PSLU), a provider of end-to-end Intranet based software solutions for business work flow and human resource management; MSSI-TeleScience International, Inc. (OTCBB:MSSI), a provider of long-term medical personnel, homeland security and technology services to both public and private sector clients; and Natural Harmony Foods, Inc. (Pink Sheets:NHYF), a producer and marketer of unique, natural protein foods.
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Wall Street Futures is a news service of the Wall Street Small Cap Reporter (WSSCR). WSSCR, 866-249-4961, publishes reports providing information on selected companies that it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid $5,000.00 by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions (including in the IT and financial information industries), actions of competitors, the extent to which the company is able to develop new services and markets for its services, the time and expense involved in such development activities, the level of demand and market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain the SEC filings of the company including the company's most recent annual and quarterly reports.