WESTON, Fla., Oct. 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bluetorch Inc. (OTCBB:BTOR), MediaBay Incorporated (Nasdaq:MBAY), Edison International (NYSE:EIX) and Tarrant Apparel Group (Nasdaq:TAGS).
Aggressive investors and traders should watch Bluetorch Inc. (OTCBB:BTOR) this morning! Yesterday after the markets closed, the company issued a press release announcing that two of its portfolio companies, Total Sports Distribution Inc. and Island Tribe Inc. have signed an agreement with Planet X Television for its "Ultimate Xmas" marketing program to promote the TSABrand (True Skate Apparel(r)) and Island Tribe(r) apparel brands for the Holiday season.
This could be great news for investors! Planet X will provide TV media support in the fourth quarter 2004 schedule for the TSABrand and Island Tribe brands, including the periodic use of TSABrand and Island Tribe apparel on the hosts. The Planet X televised series is viewed in over 60 million homes in North America each week.
Investors need to keep watching this company! Domingo "Ming" Clemente, President of Island Tribe stated, "Planet X is a tremendous vehicle for us in terms of creating exposure for Island Tribe and TSABrand, both with core shops and our target consumer."
Meredythe Dee Winter, co-founder of Planet X Television stated, "We developed the 'Ultimate Xmas' program many years ago to introduce emerging action sports brands via the TV marketplace during the high volume holiday buying season."
Added Winter, "Ever since we started Planet X in 1995, we've tried to associate ourselves with core brands such as TSABrand and new brands such as Island Tribe. These types of brands speak to the core audience we target."
The stock closed yesterday over half a cent a share.
In case you are not familiar with the companies: Bluetorch Inc. is an emerging extreme sports company that is rapidly establishing itself as a one-stop shop in the extreme sports industry with a multi-branded portfolio. Bluetorch Inc. presently markets and wholesales the Bluetorch(tm), TSABrand (True Skate Apparel(r)), Airwalk(r) and Island Tribe(r) branded apparel lines through three subsidiary companies; Total Sports Distribution Inc., Unboxed Distribution Inc. and Island Tribe Inc. Beyond apparel, the Company's goal is to translate the Bluetorch name into a complete lifestyle company focusing on an eclectic array of products for the core extreme sports enthusiast. The TSABrand (skate) and Island Tribe (surf) apparel lines are targeted to the core and specialty shops while the Airwalk apparel is targeted to the mid-tier department store and sporting goods channels.
Planet X Television is a trademarked and media product line of Planet X Entertainment Group, Inc. and is a pioneer in the action sports TV category since its launch in early 1995. Reaching its Tenth Anniversary next summer, Planet X is planning a full slate of events, promotions, new TV products and more. News of the Planet X/National Lampoon media and marketing partnership will soon hit the airwaves.
Stocks showing interesting activity yesterday at the close of the regular trading day were: MediaBay Inc. (Nasdaq:MBAY) up 14.9% on 1.8 million shares traded, Edison International (NYSE:EIX) up 3.5% on 4.8 million shares traded and Tarrant Apparel Group (Nasdaq:TAGS) up 5% on 1.1 million shares traded.
Commentary:
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