WESTON, Fla., Dec. 16, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Medical Makeover Corporation of America (OTCBB:MMAM), Loudeye Corporation (Nasdaq:LOUD), Newmont Mining Corporation (NYSE:NEM) and Pfizer Inc. (NYSE:PFE).
Aggressive investors and traders will want to watch Medical Makeover Corporation of America (OTCBB:MMAM) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has signed a letter of intent with Blossom New Skin, Inc. (BNS) to purchase approximately 61% of the stock of Blossom New Skin, Inc. in New York, NY.
This could be good news for investors! According to the press release, this agreement gives MMAM control of operations of the company and efforts are underway to acquire the balance of the outstanding shares. The transaction is scheduled to close on January 14, 2005, and is subject to Medical Makeover completing its due diligence and the execution of a definitive Purchase and Sale Agreement.
Investors watch this one! Randy Baker, President and CEO of Medical Makeover Corporation of America stated, "This location will provide the foundation for additional expansion into the Manhattan market. Our strategy includes additional acquisitions in this market, and we will recognize the opportunities of consolidation as well as an aggressive cross marketing campaign to our expanding client base."
The stock closed yesterday at twenty-nine cents a share.
In case you are not familiar with the company: Medical Makeover Corporation of America provides medical grade "makeover" treatments in under an hour with a strong consumer-directed focus utilizing non-invasive technologies. Each center specializes in a wide variety of cosmetic procedures including treatments for wrinkles, enlarged pores, skin discoloration, unsightly blood vessels, sagging skin, unwanted hair, scars, cellulite, and acne with a focus on making the service delivery experience enjoyable and gratifying. The company is engaged in establishing a chain of this new generation aesthetic care centers throughout the United States and Canada.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Loudeye Corporation (Nasdaq:LOUD) up 19.1% on 16.3 million shares traded, Newmont Mining Corporation (NYSE:NEM) up 0.1% on 4.7 million shares traded and Pfizer Inc. (NYSE:PFE) up 3.6% on 41.4 million shares traded.
Commentary:
"The U.S. trade gap continues to hit new highs as the October trade deficit was at $55.5 billion-the highest level ever. The Commerce Department reported that imports of goods and services surged to a high of $153.5 billion, representing an increase of 3.4 percent from September, while exports rose only 0.6 percent to $98.1 billion. The deficit from China was a record $16.8 billion," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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