WESTON, Fla., Nov. 11, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Magic Lantern Group Inc. (AMEX: GML), Commerce One, Inc. (Pink Sheets:CMRCQ), XOMA Limited (Nasdaq:XOMA) and Harvey Electronics, Inc. (Nasdaq:HRVE).
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 for the first nine months of 2004, the Company's e-commerce sales have increased by 5-fold compared to the same period last year!
This should be great news for investors! President of MLG Bob Goddard stated, "We've achieved phenomenal growth in online sales by taking advantage of the operating efficiencies of the Web. To spur new growth, we offered all existing and new customers a 15% discount for online purchases and introduced new product availability in both online streaming platforms and hard copy formats, now rapidly being taken over by DVD sales. The direction is clear; an increasing number of our customers have turned to online services for both e-commerce and direct content access through streaming."
Investors should continue to watch this company for more great news! Goddard concluded, "Following President Bush's mandate making education of one of the top four priorities under the new administration, demand for educational programming has never been greater. Our record volume of orders in our educational business segment reflects our ability to meet this under-served market. We have amassed substantial educational and popular, newly released entertainment content, which has been of great interest to the general public and educators alike. With this content and international distribution agreement, we plan to rollout online storefronts targeted to multiple verticals, including health care education and compliance; sports and entertainment and corporate training programs, direct to consumers and institutions. We are positioned as the next Amazon.com for searchable online video in the education and training markets. Continued online growth could add up to $3 million to our total revenues over the next two years."
The stock closed yesterday at forty-two 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: Commerce One, Inc. (Pink Sheets:CMRCQ) up 30% on 4 million shares traded, XOMA Limited (Nasdaq:XOMA) up 12.7% on 3.5 million shares traded and Harvey Electronics, Inc. (Nasdaq:HRVE) up 29.7% on 1.2 million shares traded.
Commentary:
"New home down payments received as 'gifts,' for those lucky enough to get such a gift, should be deposited up to three months before closing into your bank account. This will enable you to get the best rate at closing according to the Mortgage Bankers Association. Gift money sitting in your account shows to lenders that you have the money for the down payment; it is probably not a loan or has to be paid back, and is readily available for the transaction. It seems no aspect of money is left unquestioned by lenders," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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