SARASOTA, Fla., Dec. 14, 2004 (PRIMEZONE) -- eLocity's velocity stocks to watch for today are Chimera Technology Corp. (Pink Sheets:CNOC), Oracle Corp. (Nasdaq:ORCL), Z-Tel Technologies, Inc. (Nasdaq:ZTLDC) and PRIMUS Telecommunications Group Inc. (Nasdaq:PRTL).
Online gaming enthusiast and investors alike may want to watch Chimera Technology Corp. ("Chimera") (Pink Sheets:CNOC). Chimera announced that the new web site for the new licensee, Pegasus Gaming Corp. (www.pegasusgaming.com) is completed, and system integration is in progress, which will enable the site to be beta tested before year-end.
In a prior press release, Chimera announced that they have come to terms with Grade Point Average Inc. (Pink Sheets:GPTV) for the "sale of a Master license agreement, for the continents of Europe and Africa, to be operated by Pegasus Gaming Corp., and have now been agreed on as a total price of US $2,000,000. The transaction calls for US $1,000,000 to be paid by quarterly payments of US $250,000, and the issuance of US $1,000,000 in common stock of Pegasus Gaming Corp."
CNOC currently trades at around .10 a share.
Oracle Corp. (Nasdaq:ORCL)
Oracle Corp. announced Monday the signing of a definitive merger agreement to acquire PeopleSoft, Inc., for $26.50 per share, or around $10.3 billion. Oracle said the deal has met with the approval from the boards of directors of both companies and is expected to close in early January, Oracle noted.
Shares of ORCL closed Monday's regular trading session at $14.63 on volume of over 181 million shares.
Z-Tel Technologies, Inc. (Nasdaq:ZTLDC)
Enhanced wire line and broadband telecommunications service provider, Z-Tel Technologies, Inc., announced Monday that it will exceed its earlier guidance of retail line for the year, and also affirmed its EBITDA for the fourth quarter ending December 31. Z-Tel also said that it would reach 225,000 bundled service lines, but now easily expects to exceed 230,000 active retail lines by year-end. Z-Tel added that fourth quarter net loss is expected to be $3.92 million and loss in interest income will be another $0.70 million.
Shares of ZTLDC closed Monday's regular trading session at $2.01 on volume of 2.57 million shares.
PRIMUS Telecommunications Group Inc. (Nasdaq:PRTL)
Integrated communications service provider, PRIMUS Telecommunications Group Inc., announced Monday that it has appointed Thomas Kloster as its Chief Financial Officer, effective January 1, 2005. PRIMUS said that Neil Hazard, who currently holds the combined roles of Chief Operating Officer and Chief Financial Officer, would continue as the Chief Operating Officer.
Shares of PRTL closed Monday's regular trading session at $3.44 on volume of 2.27 million shares.
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 is to receive compensation for newsletter services for CNOC (public company). The compensation is fifteen thousand dollars from a non-affiliated third party. 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 is 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.