WESTON, Fla., Jan. 12, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Invicta Group, Inc. (OTCBB:IVGA), GlobalNet Corp. (OTCBB:GLBT), Biophan Technologies Inc. (OTCBB:BIPH) and VitalStream Holdings Inc. (OTCBB:VSTH).
Aggressive investors will want to watch Invicta Group, Inc. (OTCBB:IVGA) this morning! Friday after the markets closed, the company issued a press release announcing that it has acquired ISIP Telecom Group, Inc., consistent with its corporate strategy to build and expand its business!
This could be great news for investors! The acquisition reflects the company's ongoing commitment to build shareholder value and enhance its current business model. ISIP Telecom Group, Inc. is a next generation IP Phone Service Provider based on the Cisco(tm) Powered Network with a robust Platform specifically designed to accommodate the delivery of IP-based communication services, including long distance, IP phone to IP phone and enhanced services.
Based in South Florida, ISIP Telecom Group, Inc. has entered into interconnection agreements with major operators in the U.S., Europe and Latin America via VoIP and PSTN for traffic termination and origination. The company is a VoIP Service Provider that delivers international voice termination to end user clients, satisfying the market's need for cost-effectiveness while achieving high quality standards.
On Thursday, Invicta Group, which is also dedicated to providing competitive products and pricing for travel and entertainment consumers online, issued a press release announcing that it has launched two websites to capitalize on the multi-billion dollar online travel and entertainment industries. Keep your eye on this one! The stock closed Friday at twenty-one cents a share.
Stocks showing interesting activity Friday were: GlobalNet Corp. (OTCBB:GLBT) down 10.7% on 21.8 million shares traded, Biophan Technologies Inc. (OTCBB:BIPH) up 44.2% on 10 million shares traded and VitalStream Holdings Inc. (OTCBB:VSTH) up 26.8% on 986,600 shares traded.
Commentary: Spend, Spend, Spend:
"According to the International Council of Shopping Centers, consumer spending surged the last two weeks of December, this helped the retail sector with a 4 percent increase over the previous year. Additionally, same store sales for its chain-store index for the November-December time frame showed a similar increase. Those late and last minute spending consumers and procrastinators gave retailers a holiday treat," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Market commentary provided by Sonja Rudd.
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