WESTON, Fla., Nov. 9, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Alternate Energy Corp. (OTCBB:ARGY), VCampus Corporation (NASDAQ:VCMP), eLong, Inc. (NASDAQ:LONG) and eCollege.com (NASDAQ:ECLG).
Aggressive investors and traders will want to watch Alternate Energy Corp. (OTCBB:ARGY) (AEC) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has completed the first phase of its back-up power product initiative by successfully converting an Internal Combustion Engine (ICE) generator to run on hydrogen.
This could be more good news for investors! The ICE test was conducted last week at the company's head office, where the re-configured generator ran under load, exclusively on hydrogen.
According to the press release, over the past several months, AEC has been focused on the building of demonstrable ICE and Fuel Cell generator sets, fueled by the company's low-cost, on-demand hydrogen. These units will demonstrate to investors and potential customers AEC's hydrogen flexibility by efficiently supplying both a fuel cell and ICE.
Investors will want to watch this one! AEC is also expecting delivery of their first alkaline fuel cell this month from Astris Energi, which will also be converted to run on the company's affordable hydrogen. This means that AEC will have two demonstration units available early next year, moving the company much closer to fulfilling its previously announced marketing initiative to supply complete power unit sets to the back up power marketplace.
The company had previously announced that it had participated in a private placement in Astris Energi Inc., a world leader in alkaline fuel cell (AFC) technology.
The stock closed yesterday at Forty-Six cents a share.
In case you are not familiar with the company: Alternate Energy Corporation (AEC) is energizing the hydrogen economy. AEC is the first company to provide a hydrogen device that has mass-deployment economics and provides small-scale, on-demand distributed generation of electricity. AEC's patent pending discovery in metallurgy permits a small-scale unit to generate hydrogen from water through a "green" process at a fraction of the fossil fuel kWh cost of energy. AEC believes its product can have a revolutionary impact on the energy industry. Additional information is also available at the company's website at www.cleanwatts.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: VCampus Corporation (NASDAQ:VCMP) up 52.1% on 4.5 million shares traded, eLong, Inc. (NASDAQ:LONG) up 13.7% on 3.1 million shares traded and eCollege.com (NASDAQ:ECLG) up 14.5% on 1.2 million shares traded.
Commentary:
"U.S. employers hired workers at the fastest pace in seven months in the month of October. Non-farm payrolls grew by 337,000, more than double from the month before. Over the past 13 months 2.2 million jobs have been created," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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