WESTON, Fla., Jan. 6, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Airtrax, Inc. (OTCBB:AITX), Microsoft Corporation (Nasdaq:MSFT), Xilinx, Inc. (Nasdaq:XLNX) and Nortel Networks Corporation (NYSE:NT).
Aggressive investors and traders need to watch Airtrax, Inc. (OTCBB:AITX) again this morning! Yesterday after the markets closed, the company, a developer of patented, omni-directional technology with military and commercial applications, issued a press release announcing that it has begun production of the first ten units of Sidewinder(tm) Omni-Directional Lift Trucks.
This could be huge news for investors! President and CEO of Airtrax Peter Amico stated, "With the initial wheels received, we have begun the production process and plan to move as quickly as possible to start to fill existing, multiple orders from our dealership network, as well as the recently signed distributors in Canada and the United Arab Emirates. We have begun production on the first ten Sidewinder units, and are on pace to generate revenues in the current quarter. Our participation in ProMat 2005 supports our efforts to reach influential buyers in the material handlings industry. We are excited to demonstrate the Sidewinder and our omni-directional technology, deemed a disruptive and industry changing technology, during ProMat 2005. The increased exposure of this event could translate to new orders and distribution partnerships for our exciting Airtrax vehicle."
Investors should continue to watch this company for more great news! The first Sidewinder production model has been completed and will be showcased at ProMat 2005, the most comprehensive exhibit of material handling and logistics equipment, systems and technologies in the United States. Sponsored by the Material Handling Industry of America (MHIA), ProMat 2005 will be held on January 10 -- January 13, 2005 at the McCormick Place South in Chicago, Illinois. The event is designed to offer productivity solutions and information by showcasing the products and services of over 700 material handling and logistics providers.
For more in-depth coverage of Airtrax, visit http://216.63.242.254/AITX0105.htm
The stock closed yesterday at $2.30 a share.
In case you are not familiar with the company: A U.S.-based developer of omni-directional technology, Airtrax designs and manufactures omni-directional vehicles. A patented wheel was designed and developed by Airtrax after receiving a technology transfer from the U.S. Navy in the form of a Cooperative Research and Development Agreement.
The SIDEWINDER(tm) Omni-Directional Lift Truck and the MEC-Airtrax Phoenix(tm) aerial work platform (AWP) are the first omni-directional vehicles using omni-directional technology and the patented Airtrax wheel to be commercially produced. Unlike any other lift truck, the SIDEWINDER or the Phoenix AWP can turn 360 degrees in its own footprint, allowing warehouses to utilize 20 to 30% more of existing space. The nearly maintenance-free design also drastically reduces maintenance costs, delivering tremendous cost efficiencies to companies both large and small. The omni-directional wheel is manufactured by The Timken Company under exclusive production rights to Airtrax. For more information and to view a must-see product demonstration, visit http://www.airtrax.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Microsoft Corporation (Nasdaq:MSFT) down 0.2% on 72.4 million shares traded, Xilinx, Inc. (Nasdaq:XLNX) down 3.1% on 18.7 million shares traded and Nortel Networks Corporation (NYSE:NT) up 0.3% on 17 million shares traded.
Commentary:
"New numbers for American factory orders for November showed that there was a strong increase by 1.2 percent. This was the largest increase in four months and analysts claim that the manufacturing sector was gaining momentum as the New Year begins. The Commerce Department released figures this week claiming that this number was even better that the 0.8 percent expected," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 25 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, please do not contact us at www.wallstreetnewsalert.com. You may wish to inquire about the fax with the CEO of the company that the fax is written about --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For present and future services, WSCF has been compensated twenty-one thousand dollars for coverage of Airtrax, Inc. (OTCBB:AITX), by a third party (National Financial Communications Corp.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. In 2004, WSCF was compensated for previous services performed for Airtrax, Inc.; for information on that compensation, contact us at info@wallstreetnewsalert.com. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd. Sonja Rudd does not accept stock as compensation from any of the companies mentioned in this release.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.