WESTON, Fla., Feb. 23, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: NetMusic Entertainment (Pink Sheets:NTMT), Amgen, Inc. (NASDAQ:AMGN), Valero Energy Corp. (NYSE:VLO) and Red Hat, Inc. (NASDAQ:RHAT).
Aggressive investors and day traders will want to watch NetMusic Entertainment Corporation (Pink Sheets:NTMT) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has finalized its plans to acquire the music content catalogues of all the Major Record Labels, to create the World's Largest Digital Music Catalogue.
This should be huge news for investors! In a deal with a third party, NetMusic will gain access to all of the digital music archives of: EMI, Sony BMG, Universal Music Group and Warner Music Group. When combined with the its current archives of NetMusic.com, (http://www.netmusic.com/) and that of its wholly owned subsidiary of Audio Lunchbox, (http://www.audiolunchbox.com/), collectively the leaders of independent digital music on the web, this deal will make NetMusic.com the largest DMS catalogue in the world.
Keep your eyes open for future developments! Glen Starchman, Chairman and CEO of NetMusic Entertainment Corporation explains, "The days of Apple's dominance may not quite be over, but there is a new player in town. NetMusic Entertainment is a young and very aggressive company out to prove that it can compete with the Napsters and the Reals of the world; and while we don't sell computers, we believe we offer the consumer the best in digital music. And as our arrangements under this deal are finalized, NetMusic.com will become the largest DMS catalogue on the planet, besting iTunes and the rest combined."
Prior to the news announcement, the stock closed yesterday at $1.92 a share.
In case you are not familiar with the company: Based in Edmonds, Washington, NetMusic Entertainment is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4000 plus labels.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Amgen, Inc. (NASDAQ:AMGN) down 0.5% on 9.6 million shares traded, Valero Energy Corp. (NYSE:VLO) up 1.7% on 6.8 million shares traded and Red Hat, Inc. (NASDAQ:RHAT) down 3.8% on 7.2 million shares traded.
Commentary:
"Whew! Earnings season for this quarter is almost at an end. Of the 29 Dow Jones Industrial Average stocks that have reported so far, 20 have surpassed earnings per share estimates, four have matched, and eighty five have missed, this according to Thomson Financial. Year to year net income growth was at 13.8% for the quarter," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at info@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 40 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 names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, please do not contact us at www.wallstreetnewsalert.com. You may wish to inquire about the fax, with the CEO of the company that the fax is written about
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 compensated One Hundred Thousand Dollars for coverage of NetMusic Entertainment (Pink Sheets:NTMT), by a third party (Segue Consulting Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. 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. Sonja Rudd does not accept stock as compensation from any of the companies mentioned in this release.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of 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.