WESTON, Fla., March 15, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: NetMusic Entertainment (Pink Sheets:NTMT), Lucent Technologies Inc. (NYSE:LU), QUALCOMM, Inc. (Nasdaq:QCOM) and Corning Incorporated (NYSE:GLW).
Aggressive investors and traders will once again be watching NetMusic Entertainment Corporation (Pink Sheets:NTMT)! Yesterday after the markets closed, the company issued a press release announcing that its CEO, Glen Starchman, has been invited to join other industry experts for panel discussions at the prestigious SXSW festival.
This could be more great news for investors! This invitation is one of the many recent validations of NetMusic's rapid rise and credibility as a serious contender in the digital music industry.
"I am pleased to be in a position to discuss how NetMusic's business offerings can generate increased profits for industry leading companies as well as artists' managers and their clients," said Starchman. "Invitations such as this, demonstrate that our team has built a business model that provides valuable services to powerful players in the industry. Many of the industry's top players attend this festival. It's one of those events where big deals can be struck one after another. I am excited to have the opportunity to participate and to develop new customers for NetMusic."
Starchman also commented, "It is important for NetMusic to take opportunities such as this to highlight the ability of our company and its partners to identify the hottest new music coming on the scene. Industry analyses continue to show that the winners in this space are going to be the companies who provide consumers with the best pathways to discovering new music. NetMusic is poised to become the industry leader in this service."
Keep your eyes open for future developments, as the company has recently issued a string encouraging press releases! Last week the company issued a press release announcing that it is gaining national exposure in USA Today newspapers with the premier of "Dead Girl", starring Val Kilmer. One of the largest announcements to recently come from the company was a deal with a third party, that when completed, will allow NetMusic.com to become the largest DMS catalogue on the planet, besting iTunes and the rest combined, by allowing it access to all of the digital music archives of: EMI, Sony BMG, Universal Music Group and Warner Music Group.
For more in-depth coverage of NetMusic, visit http://www.backissuesofnewsalerts.us/NTMT0314.html
The stock closed yesterday at Forty Six cents a share.
In case you are not familiar with the companies: Based in Edmonds, Washington, NetMusic Entertainment is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4000 plus labels.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Lucent Technologies Inc. (NYSE:LU) up 0.3% on 35.4 million shares traded, QUALCOMM, Inc. (Nasdaq:QCOM) up 0.2% on 13.2 million shares traded and Corning Incorporated (NYSE:GLW) up 1.5% on 5 million shares traded.
Commentary:
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