MIAMI, Jan. 13, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: PHSL Worldwide Inc. (Pink Sheets:PHSL), Symantec Corporation (Nasdaq:SYMC), Research In Motion Ltd. (Nasdaq:RIMM) and Broadcom Corporation (Nasdaq:BRCM).
PHSL Worldwide Inc. (Pink Sheets:PHSL) issued a press release late yesterday afternoon that may excite investors. The company announced that its iBill subsidiary entered into a line of credit with a New York institutional investor. The company's stock closed above seven cents a share.
According to the press release, the company completed a significant line of credit. For complete details please search under the company's symbol at www.businesswire.com.
iBill sells access to online services and other downloadable products (music, games, videos, personals, etc.) to consumers through proprietary web-based payment applications. The iBill online payments systems manage transaction authorization on the global financial networks such as Visa(r) and MasterCard(r).
PHSL is a media holding company which publishes magazines under the PENTHOUSE(tm) name in Mexico, pursuant to a pending license agreement with Penthouse Media Group. In addition to publishing, PHSL Worldwide has significant real estate holdings in Ixtapa, Mexico that it intends to develop. PHSL owns iBill, an online payment processor of credit cards and financial transactions. PHSL is majority owned by the Molina Vector Investment Trust, an entity controlled by Dr. Luis Enrique Fernando Molina.
Other stocks of interest yesterday: Symantec Corporation (Nasdaq:SYMC) even on 15.9 million shares traded, Research In Motion Ltd. (Nasdaq:RIMM) up 7.4% on 10.9 million shares traded and Broadcom Corporation (Nasdaq:BRCM) down 0.3% on12.2 million shares traded.
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