SARASOTA, Fla., Oct. 8, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Xynergy Corp. (Pink Sheets:XYNY), Titan Consolidated, Inc. (Pink Sheets:TTCS) and NCT Group, Inc. (OTCBB:NCTI).
Making news is Xynergy Corp. (Pink Sheets:XYNY). A holding company, Xynergy announced on Thursday that one of its subsidiaries, Indigo Technology Services, "Shatters September and 3rd Quarter 2004 Projections -- Exceeds 2nd Quarter". This far exceeds third quarter sales projections. Shows 176% growth from the 2nd quarter to the 3rd quarter.
Xynergy also stated that, "Indigo generated approximately $29,000 in sales in the 2nd quarter this year. In just September alone, Indigo generated approximately $45,000. This increase was amazingly about a 50% increase over the projections for September. The company generated over $80,000 for the third quarter. Amazingly, the 3rd quarter net income of more than $36,000 actually surpassed the total sales for the 2nd quarter."
Xynergy Corporation is a holding company for Raquel of Beverly Hills cosmetics, Think Blots(c) greeting cards, and Indigo Technology Services, Inc.
Titan Consolidated, Inc. (Pink Sheets:TTCS)
Titan Consolidated, Inc. reported Thursday that it has completed installation of gas pipe to the wellheads of its 2 major wells, and final electrical wiring is being done on the H2S Sample Monitor for gas processing. The company stated that with the purchase agreement by Midway Pipeline already in place, the company anticipates sales of natural gas from the Stanley Unit (Austin Chalk) Wilson County, TX. to begin by the end of this week.
"We are pleased to reach this important milestone as a Company, as we begin the production phase of our operations," said Titan Consolidated CEO Kent Jacobson.
TTCS closed Thursday at $0.027, up 0.008, or 42.11%, on above average volume of 3,589,488 shares.
NCT Group, Inc. (OTCBB:NCTI)
Communications technology company NCT Group, Inc. announced Thursday a financing facility of up to $50 million between funds Southridge Capital Management, LLC, advises. Southridge Capital Management, LLC is a private investment firm that provides investment capital to small cap companies.
Shares of NCTI traded on strong volume of 3,387,780 shares Thursday and closed 4.76% higher at 0.022.
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