SARASOTA, Fla., Oct. 8, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Xynergy Corp. (Pink Sheets:XYNY), USA Technologies, Inc. (OTCBB:USTT) and Video Without Boundaries, Inc. (OTCBB:VDWB)
Making news is Xynergy Corp. (Pink Sheets:XYNY). A holding company, Xynergy announced on Thursday that one of its subsidiaries, Indigo Technology Services, "Shatters September and 3rd Quarter 2004 Projections -- Exceeds 2nd Quarter." This far exceeds third quarter sales projections. Shows 176% growth from the 2nd quarter to the 3rd quarter.
Xynergy also stated that, "Indigo generated approximately $29,000 in sales in the 2nd quarter this year. In just September alone, Indigo generated approximately $45,000. This increase was amazingly about a 50% increase over the projections for September. The Company generated over $80,000 for the third quarter. Amazingly, the 3rd quarter net income of more than $36,000 actually surpassed the total sales for the 2nd quarter."
Xynergy Corporation is a holding company for Raquel of Beverly Hills cosmetics, Think Blots(c) greeting cards, and Indigo Technology Services, Inc.
USA Technologies, Inc. (OTCBB:USTT)
Associated financial/network services company USA Technologies, Inc. announced Thursday the completion of the smaller, less expensive new Generation 5 e-Port(r) cashless transaction device and that one of the biggest Coca-Cola bottlers is already installing it.
The company said the G5 e-Port is believed by USA Technologies to be the world's first 'one-piece' design for implementation of cashless vending, and added that the new technology can be installed into a vending machine in five minutes or less. It also comes with wireless connectivity, instantly enabling a vending location to accept credit/debit card transactions.
Shares of USTT closed Thursday at $0.118, up 0.0179 (17.88%) on volume of 9,200,054 shares.
Video Without Boundaries, Inc. (OTCBB:VDWB)
Broadband media device company Video Without Boundaries, Inc. announced Thursday it has been invited by PC Magazine to demonstrate their products at the PC Magazine Digital Village at the DigitalLife Show.
The company added the DigitalLife event is dedicated to educating consumers on what the digital lifestyle means in every aspect of life -- at work, home and play.
Shares of USTT closed Thursday at $1.048, up 20 cents, or 23.96%, on volume of 6,524,008 shares.
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