WESTON, Fla., Jan. 20, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: E Com Force Corp. (Pink Sheets:ECFP), Zhone Technologies Inc. (Nasdaq:ZHNE), Canadian Superior Energy (AMEX:SNG) and Celera Genomics Group (NYSE:CRA).
Aggressive investors need to be watching E Com Force Corp. (Pink Sheets:ECFP) again this morning! Yesterday, the company issued a press release announcing that it had completed the acquisition of pioneer software development company Personal Portals Online, Inc. In an anticipated move, E Com Force Corp.'s William Lockhart has resigned as President and Chairman, with the company quick to appoint Personal Portals President, Chairman and public company veteran William Mobley to those positions. Mobley announced that, "the company would immediately change the name to Personal Portals Online, Inc. and move its headquarters to Orlando, Fla. as the first steps to consolidation."
This could be great news to investors! The company's product is expected to be the next generation "killer app," enabling the existing high-speed cable operators, Telcos, Hosting/ISP's, major Internet portals, media conglomerates, online destination and community sites, a complete turnkey private-label solution whereas their consumers or members can obtain all the "do-it-yourself" tools for building their own online personal website and/or portal -- creating enormous revenue potential for these operators, with customers they already have, without any additional infrastructure or maintenance costs.
Mobley and long-time business colleague Andre Forde founded Personal Portals Online, Inc. in 2000, as a "next generation" product follow-up to their previous success as principals and founder of Image Cafe, which was acquired by Network Solutions in 1999 for $25 million.
Keep your eyes on this company! This completed acquisition comes on the heels of Personal Portals Online's most recent announcement to acquire ZeroBrand hosting company in Orlando, Florida which Mobley says is also complete, "we acquired all the Zerobrand stock and assets in exchange for shares of Personal Portals Online common stock prior to our closing with Ecom Force." Personal Portals Online is primed to become the easiest and most innovative Internet utility since Yahoo!, coupled with the viral marketing growth of such first-to-market leaders as MSN Hotmail, ICQ, Blue Mountain Arts and Napster. The stock last closed at Ninety-Nine cents a share.
Stocks showing interesting activity Friday were: Zhone Technologies Inc. (Nasdaq:ZHNE) up 18.1% on 3.5 million shares traded, Canadian Superior Energy (AMEX:SNG) up 16% on 2.8 million shares traded and Celera Genomics Group (NYSE:CRA) up 8.1% on 2.1 million shares traded.
Commentary:
"New retail figures are still being crunched for last year. It seems now that December's retail numbers were up 5.2 percent over the previous year according to the Commerce Department. The increase came in sales of clothing, books, music, furniture, and other general merchandise. A surge in spending in the weeks just before Christmas helped to elevate the numbers from previously gloom-and-doom analyst's estimates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Market commentary provided by Sonja Rudd.
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