SARASOTA, Fla., Jan. 13, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Aggressive stock traders and investors, have a look at SoftNet Technology (OTCBB:STTC). SoftNet announced late Wednesday the expansion of Wholesalebyus (WBU) to an additional 14 countries around the world. Achieved on the EBay URL's for expansion the 14 Countries are located around the Globe from South America to Asia. The Company stated that they are now positioned for growth levels to grow exponentially in the short term and events within the Company are starting to really accelerate.
STTC traded volume Wednesday of 2,883,751 and is currently trading at around 24 cents a share.
Medical Makeover Corporation of America (OTCBB:MMAM)
Shares of non-invasive makeover treatment provider, Medical Makeover Corporation of America, gained 17 cents Wednesday, or 80.95%, after the company announced late Tuesday that it has signed Letters of Intent to purchase 100% of the assets of two existing aesthetic services companies, Aventura Electrolysis and Skin Care, Inc. and EliteSpa, Inc., both of which are Florida corporations, the company said. Medical Makeover Corp. added that 2004 revenue for the two businesses is in excess of $700,000, and anticipates annual revenue from the combined businesses for 2005 will be approximately $850,000.
MMAM closed Wednesday's trading session at $0.38 on volume of over 2.8 millions shares.
Covad Communications Group (OTCBB:COVD)
Competitor to dominant U.S. local telephone carriers, Covad Communications Group, announced after the bell Wednesday that it would launch a new service to offer telephone lines and high-speed Internet access to residential customers. Covad stated that its system could allow companies that had sold telephone service under now-defunct federal rules to continue offering service and possibly expand into high-speed Internet access.
COVD closed Wednesday's trading session at $1.70 on volume of over 2.2 millions shares.
e-FoodSafety.com, Inc. (OTCBB:EFSF)
Shares of food safety company, e-FoodSafety.com, Inc., traded on above average volume of 2.1 million shares Wednesday, after the company announced that it has been selected by The KonLin Letter as its "number 1 Stock Pick for 2005." According to The KonLin Letter, "e-FoodSafety.com, Inc. shows the most upside potential of any other stock that is has reviewed through 2004," e-FoodSafety.com said.
EFSF closed Wednesday's trading session at $0.465.
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