ATLANTA, April 18, 2005 (PRIMEZONE) -- Market Pulse News Alert for this AM Stocks to Watch are: Stream Communications Network & Media, Inc. (OTCBB:SCNWF), Genentech Inc. (NYSE:DNA), Protein Design Labs Inc. (Nasdaq:PDLI) and Brookstone Inc. (Nasdaq:BKST).
Investors need to be watching Stream Communications Network & Media, Inc. (OTCBB:SCNWF) this AM! SCNWF, after only five years, has grown into the 9th largest cable provider in Poland, and the fastest growing cable telecommunications company in Central Europe. With annualized revenues of US$4.2 million at 2004 year end, a positive operating cash flow, five years of consistent growth and a highly experienced management team, SCNWF is optimally poised for its next phase of growth. SCNWF had excellent news out in a press release at the bell on Friday, regarding acquiring an additional 1,400 cable subscribers! This could be great news for investors!
Stream Communications Network and Media Inc. (OTCBB:SCNWF) is pleased to announce it has entered into an agreement to purchase an additional 1,400 cable subscribers strategically located next to the Company's existing network in Southern Poland.
Stream will issue 260,000 common shares of the Company in exchange for the completion of this transaction, bringing its current number of revenue generating units (RGU's) to 58,500 throughout its network.
With the addition of Stream's two most recent acquisitions, the Company is now the 8th largest Cable Communications network in Poland out of over 500 independent operators, and has increased its annualized revenues by US$500,000.
About Stream
Stream is a broadband cable company and offers cable TV, high-speed Internet and VoIP services in Poland. With 58,500 subscribers currently, Stream is one of the principal consolidators of the Cable Communications sector and is a leading cable TV operator and Internet provider in the densely populated markets of Southern Poland. Established in 2000, Stream has offices in Krakow and Vancouver.
Stocks acting well as of late include: Genentech Inc. (NYSE:DNA), Protein Design Labs Inc. (Nasdaq:PDLI), and Brookstone Inc. (Nasdaq:BKST).
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