SARASOTA, Fla., Jan. 10, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
SoftNet Technology (OTCBB:STTC), Human Genome Sciences Inc.(Nasdaq:HGSI), Electronics Boutique Holdings Corp. (Nasdaq:ELBO) and Sonus Networks Inc. (Nasdaq:SONS).
Making news is SoftNet Technology (OTCBB:STTC). SoftNet announced Monday that its wholly-owned subsidiary, Wholesalebyus (WBU), announced the signing of a new exclusive shipping arrangement with DHL for the shipment of goods purchased through the WBU system.
The shipping arrangement is for both the United States and Internationally. This final hurdle clears the way for sales to actually begin in international markets. DHL ships to well over 200 different countries. This aggressive pricing plan entered into with DHL was instrumental in many ways. Specifically, DHL was able to provide such fantastic pricing that WBU will not only be able to compete pricing wise in Europe, but will actually have a competitive advantage. To make the purchase of products through the WBU system even more attractive, WBU will cover all broker fees for products shipped to Europe.
Domestically, this shipping deal means many things to WBU and the customer. Products will reach the customer much quicker than before. Secondly, WBU drastically improves profitability through lower shipping costs. Through this aggressive pricing plan, DHL has even agreed to provide some of the shipping supplies necessary for delivery of the goods to the customer. Again, this further increases the profitability of WBU. DHL is able to provide WBU better pricing than all of the other express shippers and even the post office. "To be associated with such a reputable shipping company like DHL is really special," said Mr. James M. Farinella, CEO/President of SoftNet Technology. "With the Marketing plan and shipping and distribution in place, STTC is really poised for a special year. Sales should explode more than anyone ever thought."
STTC is currently trading at around 21 cents a share. Other stocks of Interest:
Human Genome Sciences Inc.(Nasdaq:HGSI)
Human Genome Sciences Inc. announced Monday that it has received clearance from the U.S. Food and Drug Administration to initiate clinical development of CCR5 mAb, a human monoclonal antibody to the CCR5 receptor
HGSI closed Monday's regular trading session at $12.74 on volume of 4.1 million shares.
Electronics Boutique Holdings Corp. (Nasdaq:ELBO)
Specialty of video game and products retailer, Electronics Boutique Holdings Corp., announced before the bell Monday sales results for the nine week holiday period ended January 1, 2005, reporting a rise of 3.6% in comparable store sales. The company said that for the nine-week period, total sales rose 22.3% to $666.0 million from $544.4 million posted in the same quarter last year. The company said it now expects fourth quarter earnings to be at the lower end of its earlier projected guidance range of $1.62 - $1.72 per share, based on early trends in January. Earnings per share for the full year are expected to be in the range of $2.20 - $2.30.
ELBO closed Monday's regular trading session at $37.47 on volume of 1.4 million shares.
Sonus Networks Inc. (Nasdaq:SONS)
Voice over IP infrastructure solutions provider, Sonus Networks Inc., announced Monday that it named Ellen Richstone as chief financial officer. The company said that Richstone recently served as president and chief executive officer of global professional services firm Entrepreneurial Resources Group.
SONS closed Monday's regular trading session at $5.49 on volume of 8.2 million shares.
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