WESTON, Fla., Feb. 9, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Phinder Technologies Inc (OTCBB:PHDTF), Ciena Corporation (NASDAQ:CIEN), Google Inc. (NASDAQ:GOOG) and EarthLink, Inc. (NASDAQ:ELNK).
Aggressive investors and traders may want to watch Phinder Technologies Inc., (formerly Digital Rooster.com Ltd) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has changed its direction and its symbol to (OTCBB:PHDTF).
The results could be good news for investors! Shareholders also voted in favor of changing the company's domicile to the State of Florida. The change of domicile will result in the "F" being removed from the company's trading symbol and is expected to be in effect shortly.
Investors watch this one! According to the press release, Phinder announced an increase in the weekly volume of sales over the previous week of TheYellowpages.bz (www.typ.bz) online directory package. Sales in last 3 days of the past week rose by 101% compared to the previous week, averaging about 50 sales a day.
"Adding 50 new sales a day is a good start" said CEO John van Arem. The current pace (selling 6 days a week) translates to ADDING roughly 2,400 new customers a month to the active client database. Each customer pays a monthly fee of $29.95 or $359.40 per year.
For more in-depth coverage of Phinder Tech, visit http://216.63.242.254/PHDTF0208.htm
The stock closed yesterday at around thirty-two cents a share.
In case you are not familiar with the company: Phinder is currently focusing on pursuing more rapid growth of the database. While the company expects a certain amount of customer attrition (cancellations) on a monthly basis this is not anticipated to exceed 10% and all sales forecasts and growth projections have taken this variable into account.
Axcess Internet Solutions, Inc. is a wholly owned (100%) subsidiary of Phinder. The company aggregates services into a competitive bundle it markets as TheYellowpages.bz (www.typ.bz).
Stocks showing interesting activity yesterday at the close of the regular trading day were: Ciena Corporation (NASDAQ: CIEN) up 4.8% on 15.4 million shares traded, Google Inc. (NASDAQ: GOOG) up 1.3% on 11.4 million shares traded and EarthLink, Inc. (NASDAQ: ELNK) down 9% on 6.9 million shares traded.
Commentary:
"Carnival Corp. said that 2004 was the most profitable year for cruises and is expecting 2005 to be as good or better. Royal Caribbean Cruises, the No. 2 in size, reiterated the same news. Less than 10% of the U.S. public has been on a cruise, so there is a lot of room for growth. A recent search on www.cruisequick.com found that trips on cruises could be had for around $100 per day per person. This includes room, food, and much of the entertainment," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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