MIAMI, April 11, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Universal Broadcast Network, Inc. (Pink Sheets:UMDH), Enterasys Networks, Inc. (NYSE:ETS), Sun Microsystems, Inc. (Nasdaq:SUNW) and Sprint Corporation (NYSE:FON).
Universal Broadcast Network, Inc. (Pink Sheets:UMDH) should have investors' full attention. Late Friday afternoon, the company announced an exclusive sponsorship agreement with Northeast Promotions, Inc.
The press release stated that Northeast Promotions is one of the top ten boxing promoters in the United States. Many of their matches have scored very high ratings on nationally televised sporting networks. Universal has agreed to identify major sponsorship participants for future boxing venues.
National television sponsorship is a multi-billion dollar business. Major corporations seek opportunities to brand their companies to large demographically targeted audiences. Universal Broadcasting Vice-President Erick Mathe states, "We are excited about the opportunity to be working with Northeast Promotions. They are uniquely positioned as a rising star within the boxing community."
Other stocks of interest Friday were: Enterasys Networks, Inc. (NYSE:ETS) down 2.4% on 3.9 million shares traded, Sun Microsystems, Inc. (Nasdaq:SUNW) down 0.2% on 16.9 million shares traded and Sprint Corporation (NYSE:FON) down 0.8% on 14.3 million shares traded.
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