MIAMI, April 13, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Universal Broadcast Network, Inc. (Pink Sheets:UMDH), Oracle Corporation (Pink Sheets:UMDH), Microsoft Corporation (NASDAQ:MSFT) and Apple Computer, Inc. (NASDAQ:AAPL).
Universal Broadcast Network, Inc. (Pink Sheets:UMDH) should have investors' full attention. Late yesterday afternoon, the company announced the cash purchase of equipment necessary to begin construction of stations located in Oklahoma, Mississippi, Maine, and New Mexico.
The press release stated that the company has taken delivery of transmitting hardware and will begin installation immediately upon receipt of final components from each of its equipment vendors. Each station is unique and specifically licensed for a specific power output and frequency. The equipment is custom built for each station and constructed in accordance with rules set by Federal Communication Commission.
Andrew Cambron, President, states: "We are very excited to be closer to commencing broadcast operations, which is our core business. These stations are only the beginning. Broadcast Licenses and Construction Permits for new broadcast stations are valuable and difficult to obtain. We are fortunate to have obtained an inventory of great broadcast markets to be able to build multiple stations. Once completely operational, each of these stations adds significant asset value, generates revenue and brings the company closer to profitability."
The company's core business is the development, management and operation of a network of low power television (LPTV) broadcast stations. In addition to owning broadcast television stations, Universal Broadcast Network, specializes in high end production of engagement marketing television programs, direct response and infomercials. The company derives revenue from broadcast fees, video production and media placement services.
Other Stocks of interest yesterday were: Oracle Corporation (NASDAQ:ORCL) up 0.6% on 41.2 million shares traded, Microsoft Corporation (NASDAQ:MSFT) up 1.4% on 67.2 million shares traded and Apple Computer, Inc. (NASDAQ:AAPL) up 1.7% on 34.9 million shares traded.
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