WESTON, Fla., May 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: ROO Group, Inc. (OTCBB:ROOG), Wiser Oil Company (NYSE:WZR), SunnComm International Inc. (Pink Sheets:SCMI) and Miravant Medical Technologies (OTCBB:MRVT).
Aggressive investors and traders will want to keep a close eye on ROO Group, Inc. (OTCBB:ROOG) again this morning! Yesterday after the markets closed, the company announced that it will expand its range of video content syndication solutions for activating News, Business, Entertainment, Fashion, Health, Video Game, and Travel Video content to include greater flexibility to allow the clients expanded choices when activating video content on their web sites.
This could be great news for investors! ROO's new upgraded platform will provide its customers with added flexibility to tailor the content selected from ROO's database of over 4,000 videos to be individually selected and placed within the client's web site.
The upgraded platform also provides operational improvements, which will allow the media to be published quicker to the client's web sites while providing operational cost savings to ROO and the clients utilizing the solution.
Keep your eyes on this company! The growth in video's being viewed over the internet is clearly displayed in Arbitron and Edison Media research "Internet and Multimedia 12" which showed that over 50 million Americans had viewed video in the past month and gave the recommendation that advertisers should look at running audio and video advertising a platform that offers the display capabilities that Roo's platform possesses.
The stock closed yesterday at Twenty-Nine cents a share.
In case you are not familiar with the company: ROO Group Inc. ("RGI") (www.roogroupinc.com) is a global provider of digital media solutions and technology that enables the activation, marketing and distribution of digital media video content over the Internet and emerging broadcasting platforms such as set top boxes and wireless. RGI's products sold by subsidiary ROO Media Corporation (www.roomedia.com) include syndication, technology, integration, and management of topical video content such as news, entertainment and fashion to its clients' web sites. The distribution, programming and integration of interactive advertising solutions includes 15 to 30 second television-style video commercials which can be played before and after selected topical video content over the Internet. In addition to the expansion and development of ROO TV's (www.rootv.com) network of country-based video-only web sites, RGI's strategy for 2004 is to expand its distribution of products and services and make strategic acquisitions similar to the Reality Group acquisition, which was announced on March 15, 2004 to the Asia Pacific, Europe and the United States markets, to accelerate RGI's growth. More information can be obtained from RGI's web site located at www.roogroupinc.com.
Stocks showing interesting activity yesterday were: Wiser Oil Company (NYSE:WZR) up .09% on 266,900 shares traded, SunnComm International Inc. (Pink Sheets:SCMI) up 7.9% on 7 million shares traded and Miravant Medical Technologies (OTCBB:MRVT) up 20% on 631,400 shares traded.
Commentary:
"Consumer confidence rose less than expected this month as gasoline continued to climb and Iraqi scandals continued to loom, this from the Conference Board. The index rose to 93.2 percent from 93 in April, managing a slight gain," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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