eLocity Inc. -- Trading Watch Alerts Issued For: AMTK, SNTK, WEBM, BKYI


SARASOTA, Fla., Oct. 5, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:

Austin Medical Technologies, Inc. (Pink Sheets:AMTK), Senetek PLC (Nasdaq:SNTK), webMethods, Inc. (Nasdaq:WEBM) and BIO-key International Inc. (OTCBB:BKYI)

Making progress and continued growth is a little company called Austin Medical Technologies, Inc. (Pink Sheets:AMTK). Austin Medical announced after the closing bell Monday that they are adding new sales of $1.1 million over the contracted period. This represents Austin Medical's best quarter to date. The company stated that they will produce over 13,000 new surgical kits per year for just one new west coast eye center in San Diego.

Austin Medical Technologies delivers "DIRECT" from the manufacturer to the Surgeon, the only technology based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. Currently the company has contracted with 200 eye surgery centers including the 2 largest eye surgery centers in the USA. The market for custom sterile surgery trays is a $2.1 Billion market here in the USA.

AMTK is currently trading at around .05 - .06 a share.

On the Nasdaq;

Senetek PLC (Nasdaq:SNTK)

Healthcare technologies company Senetek PLC announced Monday that it has completed the restructuring of its senior secured notes and warrants on the terms of the preliminary agreement, which was previously announced in a news release dated August 16, 2004.

The company stated that the agreement announced on Aug 16 provides for a $1.6 million principal prepayment, with no further principal payments due until maturity in April 2007. The interest rate on the notes would remain at 8.5% through the term of the loan. The remaining $3.3 million principal amount of notes become exchangeable, at the election of the holders of the notes, for ordinary shares at a fixed exchange value of $0.80 per share. The Series A and B warrants expiration date was extended to March 2011.

SNTK closed Monday $0.32, up 10.34 percent.

webMethods, Inc. (Nasdaq:WEBM)

webMethods, Inc., a provider of software for end-to-end business integration solutions, announced before the bell Monday that it has appointed David Mitchell as Chief Executive Officer, effective immediately, and added that Mitchell has been elected as a member of the board.

webMethods stated that Mitchell succeeds Phillip Merrick, Chairman and CEO, who resigned for health reasons.

WEBM closed Monday up .19 at $5.69 on above average volume of 1,171,989 shares.

On the OTCBB

BIO-key International Inc. (OTCBB:BKYI)

BIO-key International Inc., the leader in finger-based biometric identification and wireless public safety solutions, announced Monday that it has successfully completed the first phase deployment of its PacketCluster mobile office solution for the Pennsylvania State Police (PSP).

The company said the deployment is the initial phase of a BIO-key's $7.5 million dollar contract to provide the PSP with wireless public safety software and systems, through a partnership with systems integrator Lockheed Martin, and added that its Aether Mobile Government Division was contracted to provide the mobile software as part of the Incident Information Management System (solution in 1,200 patrol cars.

BKYI closed Monday's trading session up 0.04 at $1.11

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for this newsletter service for AMTK only. The compensation is 475,000 free trading shares from a non-affiliated third party and who may own a substantial position in the stock. The company still retains all 475,000 shares received as of the date of this newsletter.

Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent. The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above.

All statements of opinions, if any, (Our Summary) are those of the company. The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer. Investing in the Public Company that this newsletter is providing service for should be reviewed as speculative and a high-risk and may result in the loss of some or all of any investment made in the client.

This release may contain statements that constitute 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. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.



            

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