SARASOTA, Fla., Sept. 29, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.
ART International Corporation, (OTCBB:ARIOF), Cognos Inc. (Nasdaq:COGN), SIRIUS (Nasdaq:SIRI) and Universal Guardian Holdings, Inc. (OTCBB:UGHO).
ART International Corporation (OTCBB:ARIOF) announced after the closing bell Tuesday that "its wholly-owned subsidiary, Diamant Film(tm) Inc., the North American distributor of a revolutionary non-PVC stretch wrap, has been authorized to use Canada's Environmental Choice (M) Program (ECP). The Environmental Choice Program is North America's leading benchmark of environmentally responsible products and services. Diamant stretch film has successfully met the criteria for both environmental and performance standards."
Stefan Gudmundsson, Chief Executive Officer of Diamant Film Inc., commented, "We realized that being environmentally and socially responsible is important to our customers, employees and shareholders."
ART International Corporation through its wholly-owned subsidiary, Diamant Film Inc., has secured a ten-year agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights in the United States and Canada to Diamant film, a non-PVC food stretch film. Diamant film is the world's first, plasticizer-free stretch film based on polystyrene and the first food wrapping film that is environmentally friendly and recyclable.
ARIOF is currently trading around .35 a share.
On the Nasdaq --
Cognos Inc. (Nasdaq:COGN)
Business intelligence and corporate performance management provider Cognos Inc. announced Tuesday that V&S Group, a company in the global alcoholic beverage market, has implemented its Enterprise Planning Solution. The Enterprise Planning Solution, which only took eight weeks to implement, and was completed in May, is being used by V&S Group to run 'what if' scenario planning models, forecast, plan & budget global sales and generate profit & loss information, Cognos revealed.
Cognos stated that Cognos Enterprise Planning is a web-based solution and runs on a Windows 2000-environment with a Microsoft SQL-server.
COGN closed Tuesday up 0.79 at $34.72, on above average volume of 821,895 shares.
SIRIUS (Nasdaq:SIRI)
Satellite radio provider to cars and homes SIRIUS announced Tuesday that Sanyo has joined the roster of quality brands that manufacture SIRIUS satellite radios. The Sanyo CRSR-10 Plug & Play SIRIUS satellite radio system will arrive at Wal-Mart stores this month.
The company stated that the Sanyo CRSR-10 is the first SIRIUS Plug & Play satellite radio system to include both home and car kits in one package.
Joseph P. Clayton, Chief Executive Officer of SIRIUS, said, "We welcome Sanyo to the great family of brands that make SIRIUS satellite radios. Consumers recognize the quality and reliability associated with the Sanyo brand, and they'll be getting a great deal with this new package that includes both car and home kits."
SIRIUS added that all of its satellite radios can tune to over 120 channels of commercial-free music, sports play-by-play featuring the nation's top colleges and the NFL, as well as news, talk, comedy and information programming, and is all available for just $12.95 per month, with discounts for subscriptions of a year or more.
SIRI close Tuesday on the Nasdaq at $2.65 on volume of 39,409,536 shares.
On The OTCBB --
Universal Guardian Holdings, Inc. (OTCBB:UGHO)
Security products and service provider that protects against terrorist, criminal and security threats to governments and businesses worldwide, Universal Guardian Holdings, Inc., announced Tuesday that it successfully concluded the introduction of its Cobra StunLight(r) to a global Senior Managers and Regional Directors over the past weekend in Zurich, Switzerland.
Dennis Cole, President of Shield Defense said, "The reception to the Cobra StunLight(r) was nothing short of spectacular," and "All of the regional directors were anxious to receive Cobra StunLights(r) for their demonstrations to law enforcement, professional security operations and military organizations operating in their respective regions."
The company stated the Python Defender(TM) with a magazine capacity of up to 180 projectiles was scheduled to be introduced later this year, but Shield Defense was able to accelerate the introduction after rigorous testing and acceptance of the Python Defender(TM).
UGHO closed traded on strong volume of 9,931,684 shares Tuesday and closed at $1.74, higher by 1.74.
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