SARASOTA, Fla., Jan. 6, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: Wisdom International Corporation (Pink Sheets:WSDM), Immunomedics Inc. (Nasdaq:IMMU), Xilinx, Inc. (Nasdaq:XLNX) and GlobeTel Communications Corp. (OTCBB:GTEL).
Aggressive stock traders and investors, have a look at Wisdom International (Pink Sheets:WSDM). Wisdom International is a diversified holding company conducting reinsurance and other business activities, which include two mining companies, a real estate development company, a livestock company and trucking company. On Wednesday the company issued a press release announcing that its wholly owned subsidiary, International Reinsurance Ltd., achieved gross revenues of $2.4 million in 2004, including $500,000 in new premiums in December alone. As a result, International Reinsurance realized a net profit of approximately $291,000 in 2004.
Scott Rowan, Wisdom's CFO, stated, "We are excited about International Reinsurance's success in 2004, which has provided a springboard effect into 2005. International Reinsurance has already written $500,000 in new premiums in the first five days of January and we anticipate further success in the year to come. We are in the process of exploring many new opportunities to expand International Reinsurance's worldwide reach in the reinsurance industry and believe we have the right plan and management in place to do so."
WSDM is currently trading around .30 cents a share
Other Stocks of Interest;
Immunomedics Inc. (Nasdaq:IMMU)
Immunomedics Inc. announced Wednesday that the U.S. Food and Drug Administration has granted Fast Track Product designation for its epratuzumab, used for the treatment of patients with moderate to severe systemic lupus erythematosus.
IMMU closed Wednesday's regular trading session at $9.61 on volume of 39 million shares.
Xilinx, Inc. (Nasdaq:XLNX)
Xilinx, Inc. announced Wednesday it has updated its December quarter revenue outlook, now expecting revenue to be down 11 to 12 percent sequentially from prior range of down 5 to 8 percent sequentially, attributed to weaker than expected turns in business in the month of December impacting all geographies.
XLNX closed Wednesday's regular trading session at $27.54 on volume of 18.7 million shares.
GlobeTel Communications Corp. (OTCBB:GTEL)
GlobeTel Communications Corp. announced updates and events schedules Wednesday for the first quarter of 2005, for its wholly owned subsidiary, Sanswire Networks, LLC. The company said the Partners and Technology Summit, previously scheduled for January 20 and 21, 2005, has been moved to February 20 and 21, 2005, and that the launch date of the Stratellite prototype has also been rescheduled for March 25, 2005, enabling the company to accommodate scheduling issues with attendees and to ensure that all issues are fully addressed prior to launch.
GTEL closed Wednesday's trading session at $0.106 on volume of 16.5 million shares.
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