WESTON, Fla., April 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Surface Tech Incorporated (Pink Sheets:SFCI), ACS-Tech 80 Ltd. (Nasdaq:ACSEF), Abgenix Inc. (Nasdaq:ABGX) and Internet Pictures Corporation (Nasdaq:IPIX).
Aggressive investors may want to watch Surface Tech Inc. (Pink Sheets:SFCI) again this morning! Yesterday after the markets closed, the company issued a press release announcing that Alloy Wheel Repair Specialists, which has licensed Surface Tech's patented wheel repair method, is finalizing franchise agreements in Germany, France, The Netherlands and the United Kingdom! This European Expansion is in addition to Alloy Wheel Repair Specialist's existing international operations in Canada and Australia. The stock closed yesterday at Thirteen cents a share. Investors may really want to keep their eyes on this company! Surface Tech is the only company that has a patented method to resurface alloy wheels without removing them from the car (U.S. Patent 6,347,444). The company's licensed technicians provide cost-saving solutions for over 4,000 automobile dealership, auto auctions and car rental companies (Avis, Hertz, Enterprise, National, Budget and Alamo.)
Stocks showing interesting activity yesterday were: ACS-Tech 80 Ltd. (Nasdaq:ACSEF) up 36.7% on 1.5 million shares traded, Abgenix Inc. (Nasdaq:ABGX) up 20.4% on 14.6 million shares traded and Internet Pictures Corp. (Nasdaq:IPIX) up 14.2% on 14.4 million shares traded.
Commentary:
"Gasoline hit an all time high once again with a national average of $1.82 per gallon for self-serve, pump up your own, cheapest low octane gas. Prince Bandar, Ambassador and of the Saudi Family, was on national T.V. Monday morning saying "we want gas at $25 dollars a barrel." Currently, it has wavered around $37+ the last several weeks," stated Sonja Rudd in Wall Street News Alert`s daily commentary continued at: http://www.WallStreetNewsAlert.com.
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