SARASOTA, Fla., Nov. 23, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
SoftNet Technology (OTCBB:STTC), Starbucks Coffee International (Nasdaq:SBUX), Shopping.com Ltd. (Nasdaq:SHOP) and e-FoodSafety.com (OTCBB:EFSF).
Making news is SoftNet Technology (OTCBB:STTC). SoftNet announced Monday that "WholesaleByUs, LLC (WBU) has increased daily sales enough for the company to increase projected sales for December 100% from $150,000 to $300,000. 4th quarter projections are also being increased from $250,000 to approximately $500,000."
SoftNet originally projected sales at $75,000 for November, increased that figure for a second time to $150,000. Based on past performance, sales in December are expected to approximately double November. The company is looking for a sales increase for December to be around $300,000.
STTC saw heavier than usual volume Monday of 4,216,874 to close at .16 a share.
Starbucks Coffee International (Nasdaq:SBUX)
Starbucks announced Monday that it has entered an agreement with its partner, department store company KarstadtQuelle AG, to acquire its licensed operations in Germany. Starbucks said that it expects the transaction to close by the end of November this year.
SBUX closed Monday's regular trading session at $56.49, up $1.28 on volume of 2.6 million shares.
Shopping.com Ltd. (Nasdaq:SHOP)
Online shopping comparison service, Shopping.com Ltd., announced fourth quarter revenues guidance on Monday, expecting fourth quarter revenues to be in the range of $33.5 million to $33.8 million, a 33% increase from last year. Adjusted EBITDA for the fourth quarter is anticipated to be between $8.8 and $9.0 million.
SHOP closed Monday's regular trading session at $27.39, up $1.59 (6.16%), on volume of 1,065,111 shares
e-FoodSafety.com (OTCBB:EFSF)
Food safety company, e-FoodSafety.com, announced Monday that through its wholly-owned subsidiary, Knock-Out Technologies, Ltd., laboratory findings conclude that the company's Big Six Germicidal product has totally eradicated six of the most common bacteria: salmonella, pseudomonas, staphylococcus, E. coli, streptococcus and listeria.
EFSF closed Monday at $0.41, up 3 cents on volume of 748,611 shares.
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