MIAMI, Jan. 19, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Vinoble Inc. (OTCBB:VNBL), Microsoft Corp. (NASDAQ:MSFT), Yahoo! Inc. (NASDAQ:YHOO) and UnitedGlobalCom, Inc. (NASDAQ:UCOMA).
Vinoble Inc. (OTCBB:VNBL) issued a press release that may get investor's attention. Late yesterday afternoon, the company announced that it has entered into an agreement with Millennium Protective Services, whereby Vinoble will relocate its corporate offices and operations facility into Millennium's Baldwin, NY offices. Before the news was released, the company's stock closed at twenty nine cents a share.
The press release stated that Millennium has established itself as a premier security services company, whose owner has a Class 2 Homeland Security Rating. Millennium has outstanding contacts in the security field and these contacts will allow Vinoble to expand its operations into the security arena.
The press release also states that Vinoble has recently signed a non-binding Memorandum of Understanding with MSI, a 29-year old company that provides security services in the New York City metropolitan area. As provided for in Vinoble's agreement with MSI and Vinoble's plan of reorganization, Vinoble will also form a wholly owned subsidiary named Secure Enterprise Solutions Physical Security Group, Inc. ("SES"). The operations of MSI and SES will relocate to Millennium's corporate offices in Baldwin, NY.
Millennium's management team will work closely with that of Vinoble's and SES', assisting them with the expansion of their business and will introduce Vinoble and SES to Millennium's customer base, so that Vinoble and SES can cross-market their respective security services to these customers of Millennium. Additionally, Millennium will introduce Vinoble and SES to other security service companies that Millennium has established a relationship with through the years, thereby allowing cross-marketing of Vinoble's and SES' services to these companies customer base. Millennium will become the managing agent of Vinoble's, SES's and MSI's guard service business, as well as other physical security services which Millennium is capable of performing, in and around the New York City metropolitan area.
Other Stocks of interest yesterday were: Microsoft Corporation (NASDAQ:MSFT) up 0.7% on 68.9 million shares traded, Yahoo! Inc. (NASDAQ:YHOO) up 1.3% on 38 million shares traded and UnitedGlobalCom, Inc. (NASDAQ:UCOMA) down 0.4% on 16.5 million shares traded.
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