WESTON, Fla., Dec. 6, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: FTS Group, Inc. (OTCBB:FLIP), Nanogen, Inc. (Nasdaq:NGEN), BSQUARE Corporation (Nasdaq:BSQR) and RITA Medical Systems, Inc. (Nasdaq:RITA).
Aggressive investors and traders will be watching FTS Group, Inc. (OTCBB:FLIP) again this morning! Friday after the markets closed, FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc., issued a press release announcing that it has secured a national distribution agreement with New Jersey based mobile content developer MyPhoneFiles.com.
This should be more great news to investors! FTS CEO Scott Gallagher commented, "We're very excited to secure a national distribution agreement with a forward thinking company such as MyPhoneFiles.com. The agreement calls for FTS to private label MyPhoneFiles.com mobile content including ring tones, pictures, games etc. The Arc Group recently estimated the ring tone market alone to be a $3.2 billion dollar industry during 2003." Gallagher went on to say, "FTS has developed a unique retail sales model for distributing wireless content on a national level. We plan a full-scale roll out of the new program during the 1st quarter of 2005."
Investors should continue to monitor the progress of FTS Group. It was just a few weeks ago that the company issued a press release announcing record operating results for the third quarter of fiscal 2004.
For in depth coverage of FTS Group visit http://216.63.242.254/FLIP1203.htm
The stock closed yesterday at fourteen cents a share.
In case you are not familiar with the company: FTS Wireless Inc. is an emerging regional operator of retail wireless locations that market and sell next generation wireless products and services and operate Wi-Fi HotSpot's. The company currently operates a chain of retail wireless locations in the Florida Gulf Coast region and the Philadelphia suburban market. FTS markets and sells products worldwide through its e-commerce site's www.CellularDeals.com and www.SatPhoneCenter.com . For additional information about FTS Group, Inc. or its subsidiary, visit their website at www.FTSWireless.com or review their periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Nanogen, Inc. (Nasdaq:NGEN) down 3.5% on 9.1 million shares traded, BSQUARE Corporation (Nasdaq:BSQR) up 2.6% on 2.5 million shares traded and RITA Medical Systems, Inc. (Nasdaq:RITA) down 7.2% on 2.4 million shares traded.
Commentary:
"The U.S. dollar fell to another new low against the euro Friday, pushing the European currency higher than $1.34 after U.S. employment data came in weaker than expected. The previous record was set Thursday, when the European currency shared for nearly five years by a dozen nations hit $1.3383. The dollar also fell against the Japanese yen, trading at 102.09 yen late Friday, down from 103.19 yen late Thursday," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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