WESTON, Fla., Oct. 29, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: LocatePLUS Holdings Corp. (OTCBB:LPLHA), JDS Uniphase Corporation (Nasdaq:JDSU), Microsoft Corporation (Nasdaq:MSFT) and Cisco Systems, Inc. (Nasdaq:CSCO).
Aggressive investors and traders keep your eyes glued to LocatePLUS Holdings Corp. (OTCBB:LPLHA) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has entered into a letter of intent with a nationwide reseller of public records information available over the Internet!
This is fantastic news for investors! LocatePLUS CEO Jon Latorella stated, "The positive impact of this channel partnership is enormous. Leveraging our partner's established, global Internet channels and reputation in the industry, we will immediately add $6 million to our annual revenues in 2005. By substantially ramping up our channel partnership base, we are positioned to exceed our initial expectations for double-digit growth."
Latorella concluded, "We are still on track to generate $6.3 million in annual revenues and achieve profitability at year-end 2004. With the addition of this contract, and others in the pipeline, we expect to more than double annual revenues with robust increases in profitability beginning in 2005."
Investors should continue to watch this company for more great news! Earlier this month, the company announced that it expects sales of its industry-first cellular and non-published telephone data sets to increase revenues by $10 million over the next three years! In that press release Latorella stated, "We are marketing this data to more than 18,000 law enforcement agencies across the country, in addition to a growing base of channel partners. Our advantage is we are the only company to offer up to 95% of all U.S. unpublished numbers, including 30% of the nation's cellular telephone data sets."
The stock closed yesterday just below Thirty-Four cents a share.
In case you are not familiar with the company: LocatePLUS is an industry-leading provider of public information and investigative solutions that are used in homeland security, anti-terrorism and crime fighting initiatives. The Company's proprietary, Internet-accessible database is marketed to business-to-business and business-to-government sectors worldwide. LocatePLUS' customer base exceeds 16,500 members, including over 2,000 law enforcement agencies, as well as many major police departments across the country. Clients include many of the nation's leading agencies, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco and Firearms) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, Earthlink, Imaging Automation, AssureTec and the nation's leading recruitment website.
Based on the 2000 United States Census figures and Company estimates, LocatePLUS has information on nearly 98% of the adult population and data entries relating to approximately 205 million individuals in the United States - maintained in one of the largest and most comprehensive XML data sources of its kind, capable of national delivery. For more information, visit the Company's Website at http://www.locateplus.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: JDS Uniphase Corporation (Nasdaq:JDSU) down 10.5% on 79.7 million shares traded, Microsoft Corporation (Nasdaq:MSFT) down 0.5% on 62.3 million shares traded, Cisco Systems, Inc. (Nasdaq:CSCO) up 2.1% on 54.8 million shares traded.
Commentary: "CNNfn, the financial news cable network owned by Time Warner Inc., on Thursday said it will cease operating by mid-December, after fighting a losing battle against the far larger rival CNBC. The financial news network, launched in 1995, competed for viewers as U.S. interest in the financial markets surged, but ultimately failed to garner wide distribution on the nation's largest cable operators," 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, please do not contact us at www.wallstreetnewsalert.com. You may wish to inquire about the fax, with 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. For past, present and future services, WSCF has been compensated One Hundred and Fifty Eight Thousand Dollars by a third party (National Financial Communications Corp), who may hold a substantial position in the stock and who is non-affiliated, for services provided (LocatePLUS Holdings Corp.) (OTCBB:LPLHA) 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.