SARASOTA, Fla., Oct. 5, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Austin Medical Technologies, Inc. (Pink Sheets:AMTK), Compuware Corporation (Nasdaq:CPWR), VERITAS Software Corporation (Nasdaq:VRTS) and Fonix Corp. (OTCBB:FNIX)
Making progress and continued growth is a little company called Austin Medical Technologies, Inc. (Pink Sheets:AMTK). Austin Medical announced after the closing bell Monday that they are adding new sales of $1.1 million over the contracted period. This represents Austin Medical's best quarter to date. The company stated that they will produce over 13,000 new surgical kits per year for just one new west coast eye center in San Diego.
Austin Medical Technologies delivers "DIRECT" from the manufacturer to the Surgeon, the only technology based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. Currently the company has contracted with 200 eye surgery centers including the 2 largest eye surgery centers in the USA. The market for custom sterile surgery trays is a $2.1 Billion market here in the USA.
AMTK is currently trading at around .05 - .06 a share.
On the Nasdaq;
Compuware Corporation (Nasdaq:CPWR)
IT company Compuware Corp. announced after the bell Monday that it has acquired the technology assets of DevStream Corporation. Based in Colorado Springs, Colorado, DevStream is a privately owned software company that has developed an advanced J2EE performance analysis product.
Compuware said it will integrate the DevStream product into Compuware Vantage, a leading application service management solution that helps IT organizations manage applications from the end user perspective, supported by end-to-end performance analysis capabilities.
CPWR closed Monday's regular trading session up .14 at $5.42 on volume of 2,556,272 shares.
VERITAS Software Corporation (Nasdaq:VRTS)
VERITAS Software Corp. announced Monday that its software products, including solutions from its data protection, replication, storage management and high availability product lines, have been recognized as "best in class" by the readers of Windows IT Pro Magazine.
Also on Monday, Apparent Networks, Inc. announced that VERITAS is extending its support technology to the network by licensing Apparent's flagship product, AppareNet(TM) Support.
VRTS closed Monday's regular trading session up 1.10, 5.94%, at $19.62 on volume of 16,826,904 shares, well above average.
On the OTCBB
Fonix Corp. (OTCBB:FNIX)
Communications and technology company Fonix Corp. announced Monday that it will begin offering Voice over Internet Protocol (VoIP) service.
The company stated that Fonix IP Phone Service(SM) will initially be available to small- to medium-sized business customers in the Southeastern United States, providing them with an economical alternative to private branch exchange (PBX) or central office exchange (Centrex) services with the flexibility and durability of Internet Protocol (IP).
Shares of FNIX closed Monday at $0.27, up 8 percent.
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 this newsletter service for AMTK only. The compensation is 475,000 free trading shares from a non-affiliated third party and who may own a substantial position in the stock. The company still retains all 475,000 shares received as of the date of this newsletter.
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 as 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.