WESTON, Fla., Nov. 4, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Reeltime Rentals Inc. (Pink Sheets:RLTR), Pfizer Incorporated (NYSE:PFE), IAC InterActiveCorp (Nasdaq:IACI) and Motorola (NYSE:MOT).
Aggressive investors and traders will be watching Reeltime Rentals Inc. (Pink Sheets:RLTR) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has successfully completed the initial phase of its "Next Generation" ROD technology beta test, ahead of schedule!
This is great news for investors! The beta test, consisting of three phases, was designed to give a small control group of Reeltime's potential customers a chance to evaluate the Company's Rental-On-Demand Client by providing them access a free feature length film from their PC or TV. With the completion of Phase I of the test, the company will now expand the control group to include a much greater number of potential users.
Reeltime encourages interested parties to continue to register on their website to become part of the final test phases so that it can integrate any necessary changes before its national product launch.
Alex Stanczyk, Chief Executive Officer of Reeltime commented, "We at Reeltime are extremely pleased with the registration turnout for the beta test of our Media Rental Device. The number of people far exceeded our expectations and we will utilize a much larger group in Phase II. The detailed feedback from the first group and the strength of the technology greatly assisted us in the debugging process allowing for the early completion of Phase I. We received a very high level of enthusiasm, assuring me that our Phase II testers are going to be extremely impressed with the picture quality and the simplicity of our service."
Investors watch this one! It was just this week the company issued a press release announcing that it has signed a Letter of Intent (LOI) to acquire a significant interest in Scream Networks, Inc. Located in Kirkland, WA, Scream Networks specializes in custom developed data-delivery networks designed to handle and transfer large quantities of media rich content over the internet.
The stock closed yesterday at Twelve cents a share.
In case you are not familiar with the company: Reeltime Rentals, Inc., Headquartered in Bellevue, Washington, plans on renting movies in real-time to the living rooms of customers nationwide. Customers will have access to thousands of DVD-quality full-screen movies without the hassles of going to the video store or mailbox, nor the added expense of late fees. Reeltime offers a unique, new, and convenient approach to renting movies at home or elsewhere. The company uses cutting-edge technology that brings high-quality video content direct to consumers, while taking unprecedented measures to combat the threat of piracy. Technology acquired from Innovative Communications Technologies, Inc. forms the basis for Reeltime's Intelligent Rapid Delivery System (IRDS). For more information, you may visit their web site at www.reeltimetv.net.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Pfizer Inc. (NYSE:PFE) up 2.6% on 48.4 million shares traded, IAC InterActiveCorp (Nasdaq:IACI) up 13.6% on 37.7 million shares traded and Motorola, Inc. (NYSE:MOT) down 2.2% on 20.6 million shares traded.
Commentary:
"FedEx Corp. is planning on an increase in the trans-Atlantic business by an estimated 20 percent. The company is buying planes and adding support structures to its Germany operations, as well as France and Britain," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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