WESTON, Fla., Jan. 11, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: NetMusic Entertainment (Pink Sheets:NTMT), Aastrom Biosciences, Inc. (Nasdaq:ASTM), Pfizer Inc. (NYSE:PFE) and Western Wireless Corporation (Nasdaq:WWCA).
Aggressive investors and traders may be watching NetMusic Entertainment Corporation (Pink Sheets:NTMT) this morning! Yesterday after the markets closed, the company issued a press release announcing its plans and projections for 2005. According to the release, the company is optimistic that 2005 will see a continued growth for the company.
This could be good news for investors! Among the releases highlights:
Acquired AudioLunchbox In December of 2004 the company acquired AudioLunchbox (http://www.audiolunchbox.com), a leading digital music service (DMS) in the independent space. As 2005 gets under way, the company has a catalog of approximately 1,000,000 tracks and is in negotiations to acquire approximately 750,000 more tracks, including major label releases, by the close of first quarter 2005. Video on Demand Services The company has laid the groundwork for a video on demand (VOD) service to launch in the first quarter of 2005. The VOD service will include music videos, independent and cult-classic movies, original programming, and major studio releases. Digital Jukebox Operations In December 2004 the company reached an initial agreement with a company specializing in entertainment to gyms throughout the United States, to provide a digital jukebox service. The company aims to have digital jukeboxes in gyms throughout the United States within an 18- to 24-month timeframe. Overseas expansion The company has already laid the groundwork for its first overseas launch in the Philippines and expects to be open in Manilla in the second quarter of 2005. Following closely on the heels of the Philippines launch will be the Middle East in Q3 2005 and Western Europe by Q4 2005.
Keep your eyes open for future developments! The company's press release also stated that between October 2004 and November 2004, NetMusic Entertainment saw its revenues increase by approximately 320%, while the increase from November 2004 to December 2004 was just over 30%. It is important to note that the increase between November and December occurred during a 10% across the board price reduction on the company's NetMusic (http://www.netmusic.com) and AudioLunchbox (http://www.audiolunchbox.com) properties. The company foresees a similar continued increase in revenues throughout 2005.
For more in-depth coverage of NetMusic, visit http://216.63.242.254/NTMT0110.htm
The stock closed yesterday at $2.55 a share.
In case you are not familiar with the company: Based in Edmonds, Washington, NetMusic Entertainment is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4,000 plus labels.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Aastrom Biosciences, Inc. (Nasdaq:ASTM) up 4.3% on 74. 2 million shares traded, Pfizer Inc. (NYSE:PFE) up 0.5% on 19.8 million shares traded and Western Wireless Corporation (Nasdaq:WWCA) up 2.3% on 22.5 million shares traded.
Commentary:
"Analysts, claiming that the Federal Reserve is wary about inflation, will probably raise interest rates when they meet later in January. The current overnight rate is at 2.25%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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