SARASOTA, Fla., July 29, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye on:
Automotive Capital Group, Inc. (Pink Sheets:AOCP) -- The Company "Offers Future Guidance Of $0.30 Earnings Per Share With $8 Million Revenue Over Next 12 Months."
Automotive Capital announced publicly Wednesday after the closing bell its "guidance for the company once the merger of Colfax and Navicom is complete. Colfax Financial has been profitable for over 10-years with the infrastructure for future expansion. Colfax Financial has been profitable for over 10-years with the infrastructure for future expansion. Colfax has two automobile sales lots in Arizona with a strong reputation in the automobile and finance communities. Navicom GPS technology is profitable with over 1,000 units being used currently to track auto/trucks in 98% of the US, Mexico, and Canada --the near term goals are to file the form-10 and become a fully reporting company while applying to the American Exchange (AMEX) once all requirements are met -- Automotive Capital forecasts $0.30 per share in earnings and $1.00 per shares in revenues over the next 12-months."
AOCP currently trades at around .30 - .45 per share. InfoSpace Inc. (Nasdaq:INSP), jumped Wednesday after reporting a quarterly profit, versus a loss in the same period a year ago. Shares rose to $35.75 in after-hours trade from $28.50 at its Nasdaq close.
InfoSpace Inc. provides Web search and online listing services. Smith Micro Software, Inc. (Nasdaq:SMSI) shares rose Wednesday to $4.20 up 0.899 (27.23%). Smith Micro Software is a developer and marketer of a wide range of software and service solutions for the wireless and Internet markets. On July 21, the company reported net revenues for the quarter ended June 30, 2004, of $3.1 million, compared to $2.3 million recorded in the second quarter of 2003.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for this newsletter service for Automotive Capital Group, Inc. (Pink Sheets:AOCP) only. The compensation is one hundred thousand free trading shares of AOCP from a non-affiliated third party, Beacon Capital. The company still retains all shares as of the date and time of this release. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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