WESTON, Fla., April 4, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Nighthawk Systems, Inc. (OTCBB:NIHK), Transmeta Corporation (Nasdaq:TMTA), Valero Energy Corp. (NYSE:VLO) and Plains Exploration & Production Company (NYSE:PXP).
Aggressive investors and day traders may have their sights on Nighthawk Systems, Inc. (OTCBB:NIHK) this morning! Friday after the stock markets closed, the company, a leading provider of intelligent wireless power control products, issued a press release announcing that Nebraska Public Power District has tripled the size of its original March 2005 order for Nighthawk's CEO-700 whole house disconnect units as part of its ongoing program to reduce operating costs.
This could be huge news for investors! Nebraska Public Power District is Nebraska's largest electric utility, with a chartered territory including all or parts of 91 of Nebraska's 93 counties.
H. Douglas Saathoff, Nighthawk's CEO, stated, "We are extremely pleased with the direction of the Company, and the rate at which utilities are adopting the use of our product. While Nebraska Public Power had indicated a larger need for our product, we were pleasantly surprised with how quickly they tripled the size of their original order from earlier in the month. Recent meetings with utilities have made it clear that utilities can substantially lower their operating costs utilizing the CEO-700."
Keep your eyes open for future developments! A recent Wall Street Journal article highlighted the high number of disconnects performed by electric utilities, and the operating costs associated with delinquent accounts. The article stated that 105,000 customers are disconnected each month in Texas alone. Nighthawk has learned that a utility can recoup its investment in the CEO-700 by activating the unit only three times, saving the time and expense of sending field personnel to disconnect and re-connect service to a customer.
Investors watch this company. The company's wireless, remote monitoring and power control equipment has tremendous potential across multiple industries!
For more in-depth coverage of Nighthawk Systems, visit http://www.backissuesofnewsalerts.us/NIHK0403.html
Prior to the news release, the stock closed at around sixteen cents a share.
In case you are not familiar with the company: Nighthawk Systems, Inc. provides wireless, remote monitoring and power control equipment and services that save customers time, effort and money. Nighthawk products allow for on-demand processing at single or multiple widespread sites, and are easily installed and operated by anyone, regardless of technical capability. Nighthawk services customers in a variety of markets including electric utilities, traffic control, computer systems, commercial lighting and irrigation. For more information visit www.nighthawksystems.com.
Stocks showing interesting activity Friday at the close of the regular trading day were: Transmeta Corporation (Nasdaq:TMTA) up 7.5% on 10 million shares traded, Valero Energy Corp. (NYSE:VLO) up 6.1% on 9.9 million shares traded and Plains Exploration & Production Company (NYSE:PXP) up 5% on 1.3 million shares traded.
Commentary:
"Strong growth in the service sector and record high oil prices sent stocks sharply lower Friday on renewed inflation fears. The early release of the Institute for Supply Management's service sector index, which wasn't due until Tuesday, showed greater-than-expected growth in non-manufacturing businesses, and a sharp jump in consumer prices," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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