WESTON, Fla., April 1, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Magic Lantern Group, Inc. (AMEX:GML), Yahoo! Inc. (Nasdaq:YHOO), Hewlett-Packard Company (NYSE:HPQ) and General Electric Company (NYSE:GE).
Aggressive investors and day traders may be watching for Magic Lantern Group, Inc. (AMEX:GML) for activity this morning! Yesterday after the markets closed, the company issued a press release announcing that it is working with Bell Canada and MSN(r) Canada to provide exclusive content on Sympatico/MSN Video, a new free video channel launched on March 29, 2005.
This could be great news for investors! Magic Lantern will play a key role, providing 15 new titles in 3 unique categories every week. Available at http://video.Sympatico.MSN.ca, the video channel lets online visitors create customized play lists of streaming video clips of their favorite Canadian content using Windows Media Player(r).
Magic Lantern will preview its wide range of video for school-age children and homework projects on Sympatico/MSN Video. Sympatico.MSN.ca is Canada's most popular online destination with 15 million unique visitors experiencing its entertainment, information and communication services in February 2005.
Investors continue to watch this company's progress! Magic Lantern Group President and CEO Bob Goddard stated, "We are thrilled to have been selected to team with Sympatico/MSN Video and provide quality video content on-demand over the web from our vast digital library. To be the first video content distributor to be selected and pass Sympatico/MSN's rigorous testing requirements for delivery of video content is a credit to the MLG team. We are hopeful that this arrangement will demonstrate MLG's capabilities and increase awareness of our product offerings."
"Combining Magic Lantern's educational video content with Windows Media Technology, and the Sympatico/MSN brand to reach millions of Canadians is very exciting for us," said Jeff Lorenz, EVP Sales & Marketing, Magic Lantern Group. "We were thrilled to participate as a builder of this new service from Sympatico/MSN and we look forward to a long and successful relationship with MSN Canada and Bell Canada."
For more in-depth coverage of Magic Lantern Group, visit http://www.backissuesofnewsalerts.us/GML0331.html
Prior to yesterday's press release, the stock closed yesterday at around twenty-nine cents a share.
In case you are not familiar with the company: Magic Lantern Group, Inc. operates several strategic subsidiaries and divisions, including the global distribution of videos and DVD's from more than 300 world-renowned producers, its core business for nearly 30 years. Key divisions are Sonoptic Technologies, a pioneer in commercial digital video encoding and online digital video utility and leading provider of third-generation digital technology solutions and the recently launched Magic Vision Digital Media, Inc., a provider of digital on-demand/on-line desktop delivery for sports entertainment, health care, human resource, and corporate governance and compliance industries. For more information, visit: http://www.magiclanterngroup.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Yahoo! Inc. (Nasdaq:YHOO) up 1.2% on 25.3 million shares traded, Hewlett-Packard Company (NYSE:HPQ) down 0.2% on 20.3 million shares traded and General Electric Company (NYSE:GE) down 0.3% on 17.1 million shares traded.
Commentary:
"Consumer spending increased last month, as did personal income. Spending was up 0.5 percent and personal income up 0.3 percent. These figures are watched closely, as it relates to inflation," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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