WESTON, Fla., Jan. 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Viastar Holdings Inc. (OTCBB:VISH), FX Energy Inc. (Nasdaq:FXEN), Delcath Systems Inc. (Nasdaq:DCTH) and PMA Capital Corporation (Nasdaq:PMACA).
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 the signing of an exclusive worldwide distribution agreement with Florida-based Acclaim Records!
This could be more great news for investors! The principals of Acclaim Records are veterans in the music and entertainment industry, with the company's President Joseph Danna having cut his teeth at Radio City Music Hall in the mid-80s. Mr. Danna has also worked on the Grammy Awards, MTV Awards and numerous other major industry related events. In 2002, Mr. Danna was joined by James McManus, former President and Chief Executive Officer for Radio City Music Hall. While at Radio City, Mr. McManus produced numerous productions including the Super Bowl Half-Time program with Michael Jackson and Diana Ross.
The record label, whose management includes Andre Dawson (All-Star Baseball Legend), James McManus (former President/CEO of Radio City Music Hall) and Joseph Danna (former Radio City Music Hall executive), is focused on developing new artists for both the Country and R&B genres, and is committed to release multiple titles over the initial five (5) year term of the agreement.
In addition, Acclaim is building on the career of legendary Country songwriter Charlie Craig, who has written hits for Travis Tritt, Reba McIntyre, Alan Jackson, Lorrie Morgan, Johnny Cash, George Strait and Dolly Parton, to name a few. Charlie Craig's debut album, "Old Memories and Me," is slated for an early spring street date. Charlie is also working with the label in developing the career of newcomer Tyler Alexander, a 19-year-old Country sensation preparing to launch his first album in spring 2004.
Keep your eyes on this company! Courtney Proffitt, Senior Vice President of Viastar Distribution Group, stated: "We are very proud to have the opportunity to work with a label which has such a solid management team, commitment to business and artist development, and the ability to execute its business plan -- all of which were significant factors in Viastar's decision to enter into a long-term agreement with Acclaim as we are focusing our efforts on building a strong distribution catalog for our retail partners and a strong revenue stream for our shareholders." The stock closed yesterday at forty-six cents a share.
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.
Stocks showing interesting activity yesterday were: FX Energy Inc. (Nasdaq:FXEN) up 31.8% on 928,100 shares traded, Delcath Systems Inc. (Nasdaq:DCTH) even on 3.9 million shares traded and PMA Capital Corporation (Nasdaq:PMACA) up 16.9% on 1.4 million shares traded.
Commentary:
"New Labor Department data showed that the gap in wages between the top 10% of wage earners and the bottom 10% widened in 2003. It was a good year for the top 10%. Fox News must have known that as they were taping the show 'The Simple Life.' Was that not a profile and contrast between those 10% people groups? 'What's a Wal-Mart?'" stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 13 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been previously compensated seventy thousand shares for coverage of Viastar Holdings Inc. (OTCBB:VISH), by a third party (Mexcape Investment Corp), who is non-affiliated and who may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has sold all of its original shares. WSCF has recently (1/12/04) been compensated two hundred and twenty-four thousand shares by Future Holdings, Corp, who is non-affiliated and may hold a significant position in the stock. WSCF has sold ninety-five thousand of its new shares, as of this press release. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.