SARASOTA, Fla., Dec. 14, 2004 (PRIMEZONE) -- eLocity's stocks to watch for Tuesday are Medical Makeover Corporation of America (OTCBB:MMAM), IMAX Corp. (Nasdaq:IMAX), OmniVision Technologies Inc. (Nasdaq:OVTI) and Ultimate Electronics Inc. (Nasdaq:ULTE).
Savvy investors may want to take a look at Medical Makeover Corporation of America (OTCBB:MMAM), a company that provides treatments to enhance an individual's appearance and minimize the signs of aging in an exceptionally pleasant ambiance utilizing a comprehensive non invasive, non surgical services model focused on meeting consumers' needs.
Medical Makeover announced after the closing bell on Monday that Arturo Guiloff, M.D. will serve as the Senior Medical Services Advisor to the MMAM Board of Directors. In this role, Dr. Guiloff will provide expert advice to the company relative to quality, service and evolving technologies. Dr. Harry Glen, COO and Chief Medical Officer for MMAM stated: "The advice and support of Dr. Guiloff in helping us achieve our standards for patient care, acquisition assessment and in evaluating new technologies will be invaluable. Access to his tremendous industry experience will be a great asset to us."
MMAM is currently trading at around .26 cents a share.
IMAX Corp. (Nasdaq:IMAX)
Entertainment technology company, IMAX Corp., announced Monday that it had come to an agreement on a former litigation with the former owners of United Cinemas International Multiplex B.V. The company stated that following the settlement of the litigation and the overwhelming success of The Polar Express, a 3D movie, it is anticipating to exceed its prior earnings outlook of $0.23 per share for fiscal 2004.
Shares of IMAX closed Monday's regular trading session at $8.22 on volume of 2.26 million shares.
OmniVision Technologies Inc. (Nasdaq:OVTI)
OmniVision Technologies Inc. announced Monday that it is cooperating with the informal SEC ongoing inquiry. OmniVision stated that the inquiry relates to its most recent Form 10-Q for the three months ended October 31, 2004 filed on December 10, 2004.
Shares of OVTI closed Monday's regular trading session at $16.45 on volume of 12.6 million shares.
Ultimate Electronics Inc. (Nasdaq:ULTE)
Consumer electronics retailer Ultimate Electronics Inc. announced Monday that it has filed a request seeking for an extension to file its quarterly report 10-Q, for the quarter ended October 31, 2004. The company said that it has substantially completed its work on its quarterly report.
Shares of ULTE closed Monday's regular trading session at $1.115 on volume of 8.2 million shares.
About eLocity Inc: eLocity owns and operates three financial websites for investors.
-- PennyPicks.com, http://www.pennypicks.com/. Featuring active message boards for the penny stock trader, rumors and more. -- StockGrid.com, http://www.stockgrid.com/. Visit this site for our daily top stock "GRID Makers". We rank stocks on volume, message board activity, sentiment and trend forecast. -- Bell2Bell.com, http://www.bell2bell.com/. Bell2Bell features news stories, rumors, the InvestBoard and more.
Sign up for FREE at any of the sites above.
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 newsletter services for MMAM (public company). The compensation is one thousand dollars from a non-affiliated third party Alex Consulting Inc. 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.
The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.
The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.
Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute 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.
The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.