WESTON, Fla., March 18, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Obee's Franchise Systems Inc. (Pink Sheets:OBFC), Toys R Us, Inc. (NYSE:TOY), Amylin Pharmaceuticals (Nasdaq:AMLN) and Amgen, Inc. (Nasdaq:AMGN).
Investors and traders should take a look at Obee's Franchise Systems Inc. (Pink Sheets:OBFC). Yesterday after the markets closed, the company issued a press release announcing that its three-day run in Investor Business Daily (IBD) ends Friday.
This kind of exposure might prove to be good news for the company. According to the company's press release, the paid program, is part of the company's investor relations strategy to broaden the awareness of OBFC and has the potential of reaching over 500,000 readers each day.
Investors should continue to keep an eye on this company's progress. OBFC recently reported that it now has an aggressive plan in place to pursue expansion franchise commitments, which have a potential of adding over 900 new franchises to Obee's(r) soups salads & subs restaurant chain. Key area developer commitments include: Northern and Southern California -- 394; South Florida -- 205; the Southwest -- 175; Chicagoland -- 120; and Washington, D.C. and Virginia -- 32 commitments.
The stock closed yesterday at Seventy Six cents a share.
In case you are not familiar with the company: Obee's Franchise Systems Inc. is the parent company of Obee's(r) soups salads & subs, a fast-casual, deli-style restaurant featuring nutritious soups, salads and subs. Obee's was acquired by Ultimate Franchise Systems Inc., a franchise venture and development company, in early 2004. During that time the Obee's organization underwent significant operational and marketing enhancements that prepared Obee's for its recent conversion to a publicly traded company. There are currently over 100 Obee's locations open or in various development stages around the United States. OBFC now has commitments to open over 1300 restaurants in the next 10 years.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Toys R Us, Inc. (NYSE:TOY) up 4.9% on 49.2 million shares traded, Amylin Pharmaceuticals (Nasdaq:AMLN) up 6.3% on 9.2 million shares traded and Amgen, Inc. (Nasdaq:AMGN) up 1.6% on 9.6 million shares traded.
Commentary:
"Regarding oil and its effect on the world, the International Energy Agency raised its forecast last week for 2005 global oil demand to 84.3 million barrels per day. This heavy amount, especially with consumption by China and the U.S., is pushing-up prices. Additionally, there is about a 2 percent estimated growth for 2006 and beyond," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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