WESTON, Fla. Sept. 23, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Xynergy Corp. (Pink Sheets:XYNY), Cerus Corporation (Nasdaq:CERS), Conexant Systems, Inc. (Nasdaq:CNXT) and Comtech Telecomm Corp. (Nasdaq:CMTL).
Aggressive investors and traders will be watching Xynergy Corp. (Pink Sheets:XYNY) again this morning! Yesterday after the markets closed, the company issued a press release announcing that its subsidiary, Indigo, is now expected to exceed third quarter projections!
This is great news for investors! According to the press release, in just July and August, Indigo generated more than $32,000 in sales and it was expected that the company would generate about $30,000 in sales just in September alone. However, it is now a forgone conclusion that Indigo will exceed the September sales estimate, possibly by as much as 50%. The new sales forecast will mean that sales in the 3rd quarter should now exceed $75,000.
Indigo has wisely utilized its management team's experience and reputation in the IT consulting field, leading them to become a resource provider. This means that Indigo has developed a strong enough track record to be a full-service information technology provider, not just a task specific IT provider. According to the company press release, as Indigo's client base and services expand and grow, revenues will automatically escalate. As an indicator, Indigo has added a new consultant to their team in order to meet the growing demand for their services.
Investors watch this one! This week the company also reported that that Indigo Technology Services has just signed a contract with a Towne Place Suites in Georgia to upgrade their high-speed Internet system!
The stock closed yesterday at around .007 cents a share.
In case you are not familiar with the company: Xynergy Corporation is a holding company for Raquel of Beverly Hills cosmetics, Think Blots(c) greeting cards, and Indigo Technology Services, Inc. For more information please visit www.xynergycorp.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Cerus Corporation (Nasdaq:CERS) up 17.1% on 1.1 million shares traded, Conexant Systems, Inc. (Nasdaq:CNXT) down 6.8% on 14.4 million shares traded and Comtech Telecomm. Corp. (Nasdaq:CMTL) up 10% on 2.3 million shares traded.
Commentary:
"Crude futures prices surged above $48 per barrel Wednesday, as oil production and shipping disruptions caused by Hurricane Ivan caused domestic supplies to shrink more than expected. When adjusting for inflation, today's prices are about $9 per below the level reached just before the first Gulf War," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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