WESTON, Fla. Jan. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: International Pharmacy Outlets, Inc. (Other OTC:IPCY), Finx Group Inc. (OTCBB:FXGP), Cybertel Communications Corp. (OTCBB:CYTP) and Coinless Systems Inc. (OTCBB:CLSY).
Aggressive investors may want to place International Pharmacy Outlets, Inc. (Other OTC:IPCY) on their radar screen this morning! Yesterday after the markets closed, the company issued a press release announcing that IPCY has retained an Interim President and appointed new members to the management.
This could be good news for investors! Ike Nigam was elected to the position of Interim President at IPCY at the December board meeting. Mr. Nigam is currently the President of C-Store Consulting, a retail business consulting firm located in Las Vegas, Nevada, and serves as IPCY's representative to Cipla, Nebumed and the Indian Pharmaceutical Industry. According to the press release, IPCY has committed to build shareholder value through the organic growth of their business and/or through acquisitions with companies that complement IPCY's business strategy.
Keep your eye on this company! International Pharmacy Outlets, Inc. operates through its wholly owned subsidiaries, Caribbean Marketing Agencies, Ltd. ("CMA"), and AccessRX C.S. S.A ("AccessRX"). CMA is a wholesale importer/exporter of prescription drugs as well as a marketing and advertising agency providing services to retail pharmacies and mail order centers located throughout the Caribbean. These CMA customers sell prescription drugs to Caribbean tourists using the company's proprietary systems and turnkey marketing and customer support programs. AccessRx is a pharmaceutical customer service center operating a multi-lingual 24-hour call center for retail pharmacy and mail order pharmacy clients, including CMA's. AccessRx was acquired in 2003 to provide critical turnkey customer service for CMA licensed pharmacy outlets carrying its wholesale pharmaceutical products. The stock closed yesterday at fifty cents a share.
Stocks showing interesting activity yesterday were: Finx Group Inc. (OTCBB:FXGP) up 84% on 283.1 million shares traded, Cybertel Communications Corp. (OTCBB:CYTP) up 25.5% on 162.6 million shares traded and Coinless Systems Inc. (OTCBB:CLSY) up 36.3% on 3.3 million shares traded.
Commentary: Airlines
"U.S. airlines are asking the government to limit when additions are made to the country's emergency petroleum stockpile claiming that certain practices are pushing up the cost of jet fuel. James May, president of the Air Transport Association, stated in a press meeting that adding to the Strategic Petroleum Reserve at certain times is increasing the financial burden on U.S. airlines. Analysts estimate that industry wide 2003 airline losses will be around $5 billion dollars," 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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