WESTON, Fla., Nov. 24, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: SunnComm's MediaMax (Pink Sheets:SCMI), Intel Corporation (Nasdaq:INTC), Microsoft Corporation (Nasdaq:MSFT) and Cisco Systems, Inc. (Nasdaq:CSCO).
Aggressive investors and traders may want to watch SunnComm's MediaMax (Pink Sheets:SCMI) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has signed an agreement with ViaStar Music Group for use of its MediaMax(tm) suite of technologies!
This could be more good news for investors! The ViaStar Music Group consists of several record labels that include, but not limited to, ViaStar Records, Quadra Records and Light of The Spirit Records. ViaStar Records, the music group's flagship label, boasts a bevy of artists including music icon Peter Cetera, guitarist Robbie Nevil, Canadian rock group Hadley and international star Peter Murphy, former lead singer of the trend setting U.K. group, Bauhaus.
Investors will want to continue to watch this one! "MediaMax's proven success in the U.S. marketplace with both major and independent labels, is what prompted us to take a closer look at the product," said Richard Spector of Viastar. "We feel confident that the enhancement features offered by MediaMax will meet the varying needs of our labels and artists along with providing extra value to the consumer. In addition, SunnComm offers us the ability to develop, design and produce MediaMax enhanced CDs in real-time from our offices through the use of their proprietary web-based second-session builder tool. In our opinion, SunnComm offers us a one-stop all encompassing solution and this is invaluable."
"From the beginning, SunnComm set out to develop a product that meets the multiple requirements of both the music industry and consumer markets," said Peter Jacobs, CEO & president of SunnComm. "We are thrilled to see that MediaMax is becoming the one solution that record labels and artists across the board are embracing. Our MediaMax suite of products provides superior music management and enhancement features that can be configured to meet the artist's or label's specifications on a per project basis."
The stock closed yesterday at just under nine cents a share.
In case you are not familiar with the companies: SunnComm International Inc. (Pink Sheets:SCMI) copy management and protection technology was first commercially released by Nashville's Music City records in 2001. The album, "Charley Pride -- A Tribute to Jim Reeves," became the first commercial dual-session, copy-managed CD in America. SunnComm also became the first company to commercially release a content-protected audio CD utilizing an early version of the Windows Media Data Session Toolkit.
In just four years, SunnComm has become the leader in digital content enhancement and security technology for audio compact disc media with its MediaMax suite of products. MediaMax has been successfully implemented on some of today's best selling music including Velvet Revolver, which reached the #1 spot on Billboard's Top 200 Album Chart in addition to other gold and platinum best-selling releases. MediaMax has been used by 25 record labels on more than 60 commercial releases, generating over 6,000,000 copy managed CDs.
ViaStar Media Corporation is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The Company's portfolio currently includes ownership of ViaStar Distribution Group, A.V.O. Studios, Moving Pictures International, ViaStar Records, Quadra Records, Light of the Spirit Records, and ViaStar Classical, ViaStar Artist Management group and Masterdisk Corporation.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Intel Corporation (Nasdaq:INTC) down 3% on 91.7 million shares traded, Microsoft Corporation (Nasdaq:MSFT) down 0.4% on 68.3 million shares traded and Cisco Systems, Inc. (Nasdaq:CSCO) down 0.7% on 44.5 million shares traded.
Commentary:
"The Treasury Department is set to resume action on Treasury bills and notes after Congress last week approved an $800 billion increase in the federal debt to $8.18 trillion. This $2.23 trillion increase during the Bush administration is more than ALL of the debt the U.S. accumulated since 1776 through 1986. This bought most of the western lands through the Louisiana Purchase, California, and Alaska! What are we getting for this 8.18 trillion addition; mostly politicians and pork-belly maneuvers," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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