WESTON, Fla., Nov. 19, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Bluetorch Inc. (OTCBB:BTOR), Microsoft Corporation (NASDAQ:MSFT), Nortel Networks Corporation (NYSE:NT), Sirius Satellite Radio (NASDAQ:SIRI).
Aggressive investors and traders should watch Bluetorch Inc. (OTCBB:BTOR) again this morning! Yesterday after the markets closed, the company issued a press release updating shareholders of the company's considerable growth and progress to date!
This could be great news for investors! Quoting Bruce MacGregor, President & CEO of the company, highlights from the release address such issues as:
Sales:
"We have had numerous meaningful meetings with key national accounts, particularly, in presenting our Airwalk apparel line. There are scheduled follow up appointments and an aggressive list of new meeting dates in the coming weeks and months. It is our intention to communicate the results of the orders placed as they become available. The anticipated orders for the year 2005 will make Airwalk our revenue flag ship apparel line. To that end, our 2005 revenue forecast for all three subsidiaries combined is estimated to be in the range of $4 million to $6 million."
FUTURE PROSPECTS:
International:
"Bluetorch Inc. is currently negotiating potential international distributorship opportunities for our brands, with the exception of Airwalk, where licensing rights are limited to the United States and Mexico. The outcome of these conversations will be made public as agreements are signed."
Marketing:
"The TSA Brand and Island Tribe labels brands are targeted to the core shops (skate & surf). Our recent announcement regarding Planet X television is an example of how our plans to market our brands to the core consumers are beginning to bear fruit."
Investors need to keep watching this company! According to Mr. MacGregor, "We are pleased with the growth in third quarter sales of 2004, which indicate a positive trend as a result of Bluetorch Inc.'s strategic restructuring. Nonetheless, we believe that our true sales potential will not be recognized until the third and fourth quarters of 2005 as the enhanced sales and marketing strategy is not fully implemented. We expect significant sales growth for the year 2005 and more importantly, a solid foundation for increasing revenues in future years."
The release also mentioned the stellar additions to the company's management team, which include: Mark Connors, who managed the Southeast region for Reebok and producing $180 million in sales, Mark was a regional sales Director for Avia and was the former CEO of Spenco. Bernie Gurr, the new CFO who was the finance executive for the World Cup (soccer) in Los Angeles and a former CEO of one of Australia's top rugby clubs and Domingo Clemente, founder and President of Island Tribe Inc.
The stock closed yesterday at about a half a cent a share.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Microsoft Corporation (NASDAQ:MSFT) down 0.3% on 63.1 million shares traded, Nortel Networks Corporation (NYSE:NT) up 1.5% on 35.8 million shares traded, Sirius Satellite Radio (NASDAQ:SIRI) down 4.6% on 136.6 million shares traded.
Commentary:
"The Senate has voted to raise the debt cap to 8.18 trillion. The government reached its 7.38 trillion debt ceiling last month and could still not pay the bills. The Treasury Department was paying federal bills by borrowing cash from civil service retirement accounts. This is a change from the 5.6 trillion in surpluses that were projected for the next 10 years in 2001. Whew, and you thought you had trouble paying your bills," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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