MIAMI, Feb. 3, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: SoftNet Technology (OTCBB:STTC), Motorola Inc. (NYSE:MOT), EMC Corporation (NYSE:EMC) and StemCells, Inc. (Nasdaq:STEM).
SoftNet Technology (OTCBB:STTC) issued a press release that may really get investor's attention. Late yesterday afternoon, the company announced that WholesaleByUs (WBU) expanded product distribution to www.nextag.com and to www.shopping.com. WBU also increased the total product offering by 10,000 products from about 30,000 to about 40,000 products. Before the news was released, the company's stock closed at around twenty-eight cents a share.
The press release stated that Nextag.com and Shopping.com operate very similar to bizrate.com. Nextag.com and Shopping.com's shopping search engines' direct buyers to a list of vendors and products that a consumer is looking for. Then the consumer makes his/her purchase directly from a vendors' shopping site. Nextag.com and Shopping.com makes money by charging for each click through to the vendors' shopping site. WBU experienced a major jump on the WBU website following the listings through the two additional portals.
The press release also stated that in the last two weeks, WBU added another 10,000 products to bring the total from about 30,000 products to about 40,000 products. Since October, WBU has increased the number of products for sale from 150 to about 40,000. WBU will continue to focus on expanding product distribution to third party portals here in the USA and overseas. However, through new techniques and with the beginning of the TVA productions media blitz starting soon, WBU will look to increase sales on the WBU site itself. This will enhance the profitability for the overall company.
Other stocks of interest yesterday were: Motorola, Inc. (NYSE:MOT) up 1.7% on 13.5 million shares traded, EMC Corporation (NYSE:EMC) down 0.3% on 11.5 million shares traded and StemCells, Inc. (Nasdaq:STEM) up 14.2% on 8 million shares traded.
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