WESTON, Fla., Oct. 28, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Magic Lantern Group, Inc. (AMEX:GML), StemCells, Inc. (Nasdaq:STEM), Oracle Corporation (Nasdaq:ORCL) and Dell Incorporated (Nasdaq:DELL).
Aggressive investors and traders need to watch Magic Lantern Group, Inc. (AMEX:GML) this morning! Yesterday after the markets closed, the company issued a press release announcing that it is in the process of forming a wholly-owned subsidiary, DigiTron Ltd., to independently create and produce original TV broadcast programs!
This should be great news for investors! DigiTron will initially focus on producing an educational and entertainment-oriented science series for broadcast television, hosted by well-known celebrities. According to the press release, Magic Lantern's Foray into TV Broadcast Production Could Expand Revenues by More than $5 Million Beginning in 2006.
Greg Abrams, President of Sonoptic Technologies Inc., an MLG subsidiary, will manage DigiTron Ltd., contributing his extensive technical, creative and managerial experience in broadcast production.
In addition, MLG will continue to collaborate with its strategic partner, Bill Scollon, a former Director of Disney Educational Productions, of Scollon Media Arts to create additional programs. MLG plans to independently fund DigiTron's business plan and aggressively seek to capitalize on migrating from a pure distributor of other producers' content to capturing those royalties it currently pays, and improve its gross margins as other distributors contract for DigiTron's programs.
Investors should continue to watch this company for more great news! President of MLG Bob Goddard stated, "With the formation of this new operating unit, we move the Company forward in a new direction of producing our own programs for sales to broadcast television networks. In addition, we expect revenues from sales of videos, DVD's and syndication could lead to significant positive implications for the continuing growth and diversification of our business."
The stock closed yesterday below Forty-Six cents a share.
In case you are not familiar with the company: Magic Lantern Group, Inc., in business for nearly 30 years, operates several, strategic subsidiaries, including: Magic Lantern Communications, a global distributor of videos from more than 300 world-renowned producers; Magic Vision Digital Media, Inc., a provider of digital on-demand solutions for the sports entertainment, health care, human resource, and corporate compliance industries; Sonoptic Technologies, a leading provider of third-generation digital technology solutions; and Parasol Video, an online digital video library enterprise for worldwide educational markets. For more information, visit: http://www.magiclanterngroup.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: StemCells, Inc. (Nasdaq:STEM) up 3.7% on 16.6 million shares traded, Oracle Corporation (Nasdaq:ORCL) up 2.6% on 42.5 million shares traded and Dell Inc. (Nasdaq:DELL) up 0.9% on 18.9 million shares traded.
Commentary:
"The cable industry's foray into high-speed Internet service continues to pay off, with Comcast Corp. and Cox Communications Inc. both reporting hundreds of thousands of new broadband subscribers -- and double-digit revenue increases," 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 names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, you may wish to contact the CEO of the company that the fax is written about. --
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 Magic Lantern Group, Inc. (AMEX:GML), by a third party (National Financial Communications Corp), 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.