WESTON, Fla., Feb. 4, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Orbit Drop Inc. (Pink Sheets:OBDP), Cyberonics Incorporated (Nasdaq:CYBX), eBay Inc. (Nasdaq:EBAY) and Time Warner (NYSE:TWX).
Aggressive investors and traders may want to watch Orbit Drop Inc. (Pink Sheets:OBDP) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has formed several revenue streams to build a solid base to offer successful franchises and enable the company to build a company for the future.
This could be more good news for investors! According to the press release, Orbit Drop drives revenues from its U.S. company owned drop-off stores, U.S. franchising and licensing agreements, international company owned drop-off stores, international franchising, the purchase of Success Direct and therefore revenues, private labeling of products, and buying product in large quantity for resale. Orbit Drop's multiple revenue streams will be apparent as it publishes its financials.
Keep your eyes open for future developments! The press release also stated that Orbit Drop has decided on and is using a software company for its U.S. drop-off stores and franchises, and is currently in negotiations for an international software company for its international drop-off stores and franchising. The announcement of these software companies will come later next week.
For more in-depth coverage of Orbit Drop, visit http://216.63.242.254/OBDP0203.htm
Prior to yesterday's news, the stock closed yesterday at about sixty-two cents a share.
In case you are unfamiliar with the company: Orbit Drop Inc. fills the demand for a professional and convenient method of participating in the eBay on-line marketing. By using experienced eBay auctioneers and actually taking possession of the items to be auctioned, Orbit Drop eliminates the hassle and wasted time associated with turning surplus goods into cash. This exciting and cost-effective method of marketing is currently available to franchisees. Recent requests for new franchise information has come in from Texas, Maryland, Illinois, Florida, Utah, California, Ohio, Wisconsin, New Jersey, New York, Arizona, Colorado, Kansas, Montana, Oklahoma, Pennsylvania and North Carolina.
Orbit Drop Inc. is a principal eBay drop-off service with existing stores in Dallas and Houston. Orbit Drop makes selling on eBay easy and convenient, giving customers the ability to simply drop off their unwanted surplus goods and turn these items into cash. For more information about Orbit Drop Inc. go to www.orbitdrop.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Cyberonics, Inc. (Nasdaq:CYBX) up 41.9% on 14.1 million shares traded, eBay Inc. (Nasdaq:EBAY) down 2% on 18.4 million shares traded and Time Warner Inc. (NYSE:TWX) up 0.1% on 11.5 million shares traded.
Commentary:
"The new .25 percent increase in interest rates means that consumers will see the cost of car loans, personal loans, credit cards and mortgages climb. Some banks, like Fleet National Bank and Bank of America, raised their best customer loans to 5.50 percent following the Fed's news according to www.bankrate.com," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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