WESTON, Fla. April 29, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: ROO Group, Inc. (OTCBB:ROOG), Allos Therapeutics Inc. (Nasdaq:ALTH), Trimble Navigation Ltd. (Nasdaq:TRMB) and Sonic Automotive Inc. (NYSE:SAH).
Aggressive investors and traders will want to check out ROO Group, Inc. (OTCBB:ROOG) this morning! Yesterday after the markets closed, the company issued a press release announcing the official launch of the ROO TV group of web sites (www.rootv.com), which currently includes country sites for the USA, UK, Singapore, South Africa and Australia, and display specific content relevant to that region!
This could be good news for investors! ROO TV is a network of individual country-based web sites which provides visitors access to view a range of News, Business, Entertainment, Music, Movie, Fashion, Computer Games and Travel videos from their computers and other emerging platforms. Over 4,000 unique videos are currently available which can be viewed in full screen either on the customer's personal computer or TV through a set top box.
Keep your eyes on this company! ROO TV currently generates revenue from the sale of advertising. These advertisements are generally 15 to 30 second TV-style commercials that can be played before each video. Advertisers have included Saab, ING, American Express, Sony Music and Nescafe. Future revenue models may include pay per view and video download for ownership as well as the ability to view videos in a choice of resolutions and sound qualities.
ROO Group Chairman and CEO, Robert Petty, stated, "The launch of ROO TV is in line with the worldwide growth of broadband and the ability to view 'on demand' video content through the web, on PCs and now TVs."
The stock closed yesterday at sixteen cents a share.
In case you are not familiar with the company: ROO Group Inc. ("RGI") (www.roogroupinc.com) is a global provider of digital media solutions and technology that enables the activation, marketing and distribution of digital media video content over the Internet and emerging broadcasting platforms such as set top boxes and wireless. RGI's products, sold by subsidiary ROO Media Corporation, (www.roomedia.com) include syndication, technology, integration and management of topical video content such as news, entertainment and fashion to its clients' web sites. The distribution, programming and integration of interactive advertising solutions includes 15 to 30 second television-style video commercials which can be played before and after selected topical video content over the Internet. In addition to the expansion and development of ROO TV's (www.rootv.com) network of country-based video-only web sites, RGI's strategy for 2004 is to expand its distribution of products and services and make strategic acquisitions similar to the Reality Group acquisition, which was announced on March 15, 2004 to the Asia Pacific, Europe and the United States markets, to accelerate RGI's growth. More information can be obtained from RGI's web site located at www.roogroupinc.com
Stocks showing interesting activity yesterday were: Allos Therapeutics Inc. (Nasdaq:ALTH) down 5.5% on 1.8 million shares traded, Trimble Navigation Ltd. (Nasdaq:TRMB) down 2.9% on 493,400 shares traded and Sonic Automotive Inc. (NYSE SAH) down 1.4% on 425,800 shares traded.
Commentary:
"Europe is still pondering Chairman Greenspan's comments from last week and hence a strengthening of the dollar. This according to international experts, where he claimed that an increase is possible in the interest rates, the dollar had some strengthening against the Euro," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.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 18 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 the names Wall Street Stock Alert or Wall Street News Alert! --
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 ten thousand dollars for coverage of ROO Group, Inc.(OTCBB:ROOG), by a third party (Investor Relations Services 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.
This release contains "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 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.