SARASOTA, Fla., Oct 12, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Eagle Environmental Technologies Ltd., Reno, NV, (Pink Sheets:EGVR), JoS. A. Bank Clothiers, Inc. (Nasdaq:JOSB), Atheros Communications, Inc. (Nasdaq:ATHR) and Juniper Networks, Inc. (Nasdaq:JNPR).
Energy stock investors may want to take a look at a little known company called Eagle Environmental Technologies Ltd., Reno, NV, (Pink Sheets:EGVR). The company announced on Monday after the closing bell on the additional production of oil and gas wells in the company's "panhandle" properties beginning in late September. Eagle Environmental also went on to say that, "The first wells in the area are producing gas only, however, the management feels that the true benefit to the company will be the recovery of the oil. This addition gives Eagle an increased cash flow needed to further the development of its other technologies that are very beneficial to the oil and gas industry and increase the shareholder value of the company."
Eagle Environmental Technologies Ltd. is a systems integration and environmental product development company concentrating on recycling and eliminating hazardous waste, water filtration systems and high performance coating removal systems, as related to the oil industry.
EGVR is currently trading at around .25 a share.
On the Nasdaq;
JoS. A. Bank Clothiers, Inc. (Nasdaq:JOSB)
Men's clothing designer JoS. A. Bank Clothiers, Inc. said before the bell Monday that it has teamed with QVC, Inc. to establish a JoS. A. Bank virtual storefront on QVC's e-commerce site, QVC.com. The company stated that QVC.com would offer more than 500 men's apparel and accessory items to shoppers.
Robert Wildrick, CEO, JoS. A. Bank, said, "The relationship with QVC is a significant extension of our multi-channel concept, especially our rapidly-expanding e-commerce business."
JOSB finished Monday's trading session higher by .54 at $29.25.
Atheros Communications, Inc. (Nasdaq:ATHR)
Developer of advanced wireless LAN chipsets (WLAN), Atheros Communications, Inc. announced Monday the Atheros AR5006X, a complete single-chip IEEE 802.11a/b/g WLAN solution. The company said the chip integrates an entire 802.11a/b/g solution, Media Access Controller, baseband processor, and a high-performance radio with both 2.4 GHz and 5 GHz capabilities, into a low-cost digital CMOS design offering seamless connectivity to all Wi-Fi networks anywhere in the world, full support for the IEEE 802.11i security standard, and support for Atheros XR eXtended Range and Super AG performance enhancements.
Shares of ATHR closed Monday on the Nasdaq at $9.19.
Juniper Networks, Inc. (Nasdaq:JNPR)
Networking and security solutions provider Juniper Networks, Inc. announced Monday it has expanded its distribution agreement with Ingram Micro, the world's largest IT distributor.
Under the extended agreement, Ingram Micro, already Juniper Network's primary security-products distributor, will now offer the manufacturer's entire portfolio of networking and security solutions to resellers in the United States.
JNPR closed Monday's regular trading session up 16 cents at $24.51, on volume of close to 5.5 million shares.
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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 newsletter services for Eagle Environmental (public company). The compensation is one hundred-fifty thousand free trading shares of EGVR from a non-affiliated third party. The company still retains all shares as of the date and time 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.
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