WESTON, Fla., Jan. 21, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Viastar Holdings Inc. (OTCBB:VISH), Versant Corporation (Nasdaq:VSNT), AXS-One Inc. (AMEX:AXO) and Metro One Telecommunications (Nasdaq:MTON).
Aggressive investors need to be watching Viastar Holdings Inc. (OTCBB: VISH) this morning! Yesterday after the markets closed, the company issued a press release announcing that the company has signed the metal rock group "Erotic Liquid Culture" ("ELC") to a multi-album recording contract! Viastar acquired Quadra Records, which released the group's self-titled debut album in the U.K. in 1996, as part of the merger agreement with Level X Media Corporation and has now finalized a deal with the group that encompasses the debut album and four additional titles.
This could be great news for investors! "Erotic Liquid Culture" has already been labeled "Metal of the New Millennium". The veteran talents that comprise the group were acknowledged by U.K.-based Soundbites in their review which stated that "The Gods are smiling on (Metal) again...(this is the) album of the year...NO CONTEST!" Additionally "ELC" was touted by Metal Wire Magazine as well as numerous music industry internet web sites.
Keep your eyes on Viastar! The launching of the "ELC" project is significant to the Viastar Music Group as it marks the first of several new titles in 04 which the company will release nationally/internationally under its rock/pop imprint, Viastar Records.
In case you are unfamiliar with Viastar Holdings, Inc. The company is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The company's portfolio currently includes ownership of Viastar Distribution Group, A.V.O. Studios, Moving Pictures International, Viastar Records, Quadra Records, Light of the Spirit Records, and Viastar Classical. The stock closed yesterday at Sixty-Two cents a share.
Stocks showing interesting activity yesterday were: Versant Corporation (NASDAQ: VSNT) up 23.8% on 462,400 shares traded, AXS-One Inc. (AMEX: AXO) up 19.4% on 537,800 shares traded and Metro One Telecommunicati (NASDAQ: MTON) up 14.8% on 3.2 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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