MIAMI, March 3, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Diamond Bay Holdings, Inc. (Pink Sheets:DBHD), Microsoft Corporation (NASDAQ:MSFT), Biogen Idec Inc (NASDAQ:BIIB) and Exxon Mobil Corporation (NYSE:XOM).
Diamond Bay Holdings, Inc. (Pink Sheets:DBHD) issued a press release that may get investor's attention. Late yesterday afternoon the company's wholly-owned telecom subsidiary, DBH Telecom, announced that it is entering the newly-liberalized South African telecommunications marketplace via a joint venture company with ISO Pty, subsidiary of an established South African provider of call center and other services. Before the news was released, the company's stock closed at eight cents a share.
This press release stated that the joint venture company, to be named SMSCall, will offer international voice service activated using mobile phone Short Message Service ("SMS") to specify the number to be called and which number, if not the mobile itself, to be called back. ISO provides an established SMS gateway and access to a marketing database of more than 2 million mobile phone users.
"DBH Telecom has analyzed competitor tariffs against its costs and pricing for the initial SMSCall service and, by leveraging our global experience in deregulated markets with qualified local partners, DBH Telecom expects that its initial margins from the SMSCall service may exceed 100 percent," said John Page, president of DBH Telecom. "As competitors enter this space, deregulated only in February of this year, SMSCall plans to diversify into facilities-based operations and control its own domestic network as a pre-selected carrier in order to maintain its competitive advantage."
The press release also stated that while establishing its presence in the international calling market, SMSCall intends to apply for a full "Pre-Selected Carrier" license, allowing the company to compete for consumer long distance and international calls as an alternative carrier. Currently, South African telecom customers do not have a choice of provider but the state regulator, ICASA, has established pre-selected carrier regulations to encourage competition in this sector.
Diamond Bay Holdings, Inc. operates as a holding company with subsidiary operations that include: telecommunications services, exclusive real estate destination properties, e-commerce Internet marketing and career services.
Other Stocks of interest yesterday were: Microsoft Corporation (NASDAQ:MSFT) down 0.08% on 67.6 million shares traded, Biogen Idec Inc (NASDAQ:BIIB) down 0.9% on 24.5 million shares traded and Exxon Mobil Corporation (NYSE:XOM) up 0.9% on 26 million shares traded.
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