WESTON, Fla., Jan. 21, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: DIGITAL ROOSTER.com LTD. (OTCBB:DGRLF), Catalyst Semiconductor (Nasdaq:CATS), Bio-Reference Labs Inc. (Nasdaq:BRLI) and Altair Nanotechnologies (Nasdaq:ALTI).
Aggressive investors should be watching DIGITAL ROOSTER.com LTD (OTCBB:DGRLF) this morning! Yesterday after the markets closed, the company issued a press release, announcing that its subsidiary Avrada Inc. has begun to book revenue from sales and pre-sales of its directory/advertising services for display on the in-room High Speed Internet Access (HSIA) devices Avrada controls in hotel properties! The company recently completed the software platform that will serve the advertisements to hotel guests and expects continued strong sales growth in the next quarter.
This could be great news for investors! "We are very pleased with the response we have had to our advertising platform," stated Lex Van Arem, CEO of Digital Rooster.com Ltd. "Our strategy was to first introduce the most basic service we offer to get the revenue flowing and we have achieved that almost immediately. The results to date have exceeded our projections and expectations. The next phase of development will include more complex interactive services such as dating and one to one video chat, which are potentially even much more lucrative."
Keep your eyes on this company! Digital Rooster.com and Avrada Inc. previously announced on December 15, 2003 they signed a contract with a leading supplier to major hotels of in-room High Speed Internet Access (HSIA). The supplier, a private company, manufactures and installs a singular all-in-one device that performs all the typical PBX-based telephone functions one would expect in a hotel, as well as acting as a computer with HSIA. The company projects to have its services available in a total of 3,500 rooms by March 31, 2004 when its new model comes out, and to scale by 5,000 rooms per month from there on.
In case you are unfamiliar with DIGITAL ROOSTER.com LTD. The company is a world leader in the marketing and billing solutions of online entertainment. The stock closed yesterday at Forty-Eight cents a share.
Stocks showing interesting activity yesterday were: Catalyst Semiconductor (Nasdaq:CATS) up 21.5% on 822,700 shares traded, Bio-Reference Labs Inc. (Nasdaq:BRLI) up 20.7% on 2.8 million shares traded and Altair Nanotechnologies (Nasdaq:ALTI) up 15.3% on 8.1 million shares traded.
Commentary: Signs of the times
"Big Blue, IBM, announced last week it would add 15,000 jobs worldwide in 2004 making the company's total workforce around 330,000. Around 4,500 would be in the U.S., tied to growth areas such as software and services. Last week, IBM also said that fourth-quarter earnings more than surpassed Wall Street expectations, doubling them. In the last three months of 2003, IBM earned $2.7 billion, or $1.55 per share on revenues of $25.9 billion. With the new hires, IBM will have the most employees it has had since 1991, when it has 344,000 employed worldwide," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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