WESTON, Fla., April 26, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: RV Wireless, Inc. (Pink Sheets:RVWS), MCI Inc. (Nasdaq:MCIP), Career Education Corporation (Nasdaq:CECO) and GAP Inc. (NYSE:GPS).
Aggressive investors and day traders should be looking at RV Wireless, Inc. (Pink Sheets:RVWS) this morning! Yesterday after the markets closed, the company issued a press release announcing that it intends to tap into the $200 billion U.S. telephone market by having signed a letter of intent to acquire LiveVoip, LLC, an Arizona based provider of Voice over Internet Protocol ("VoIP") communication services and products.
This could be great news for investors! The company contends that the move and subsequent offering of a myriad of bundled service options promises to expand revenue and pass on significant savings to customers.
Jeffrey Black, President stated, "The acquisition of LiveVoip will allow RV Wireless to provide a complete line of proprietary VoIP products."
Mr. Black went on further to say: "RV Wireless is moving fast in the development of VoIP for distribution through companies like Connectifi, Inc., which RV Wireless owns 30% of. This acquisition will provide us with a voice offering tailored specifically for the RV market. We can offer a voice service that RVers will take with them, lowering their cost of staying in touch." LiveVoip also provides a platform to develop a managed service offering for the resorts as well.
"We see a growing demand in the area of VoIP. Our program is designed to be an economical and efficient solution for our customers, which will enable us to begin offering VoIP to our clients quickly and without a large investment of their time or money."
Investors continue to watch the progress of RV Wireless! "Our unique business model combines the power of the LiveVoip network, with industry leading features, to deliver several first class VoIP telephony solutions," said Pamela Patterson, CFO and acting President. "Combining with Connectifi's wireless services will bring a new VoIP reference design to the telephony and RV Market, thus giving Connectifi the brand name needed to propel the most affordable VoIP service to the masses in the U.S. and Canada and eventually throughout the world."
For more in-depth coverage of RV Wireless, visit http://www.1sourcealert.com/RVWS0425.html
Prior to yesterday's press release, the stock closed yesterday at around five cents a share.
In case you are not familiar with the companies: RV Wireless is poised to consolidate the WiFi industry in the valuable niche market of RV Resorts. The Company owns a 30% stake in Connectifi, Inc., which offers the RVwifi solution to RV resorts in Arizona and California. Connectifi currently offers its RVwifi service in 18 resorts and passes by more than 22,000 RV sites, park model homes, manufactured homes and frame homes. The resorts are seasonal homes to 1 in 7 people over the age 50 -- 10,000 people per day will turn 50 for the next 20 years -- RVers control more than 70% of the assets and disposable income of North Americans. RV wireless is seeking a large customer base through acquisition and organic growth to distribute its unique bundle of communications products.
LiveVoip, LLC is an emerging global service provider of superior quality Voice over IP based solutions. Customers can call LiveVoip Toll Free from 32 countries and 75% of the telephones in use worldwide today. LiveVoip, LLC enables VoIP resellers, business and residential users to migrate to VoIP in a more user friendly and affordable way to communicate.
Stocks showing interesting activity yesterday at the close of the regular trading day were: MCI Inc. (Nasdaq:MCIP) down 0.07% on 17.2 million shares traded, Career Education Corporation (Nasdaq:CECO) up 3.1% on 1.9 million shares traded and GAP Inc. (NYSE:GPS) up 2.7% on 6.4 million shares traded.
Commentary:
"In housing, the National Association of Realtors announced that existing home sales rose 1% for March. One reason this is important is because home mortgages averaged 6.04% nationwide, the largest level since June of 2004. Home prices nationally averaged $195,000, an 11.4% increase in 12 months. The Commerce Department will report on new home activity Tuesday; economists are not looking for an increase," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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