SARASOTA, Fla., Jan. 25, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: NetMusic (Pink Sheets:NTMT), Altera Corp. (Nasdaq:ALTR), Force Protection, Inc. (OTCBB:FRCP) and Brocade Communications Systems Inc. (Nasdaq:BRCD).
Aggressive stock traders and investors, have a look at a global digital media company, NetMusic (Pink Sheets:NTMT). Monday after the closing bell the company issued a press release announcing that along with MGI, a provider of digital content over electronic networks, it is redefining the entertainment industry with the launch of a platform that allows radio listeners to download "live station" music like never before.
MGI provides customizable "white label" digital music platform to thousands of radio station Web sites, featuring downloads powered by NetMusic, allowing music to be cross-licensed between the radio stations and NetMusic, which on its own controls an extensive library of over one million tracks.
Jakob Schwerdt, CEO of MGI, stated, "We are thrilled to join forces with NetMusic. We share a vision of how digital distribution will change the face of the entertainment industry. By combining our capabilities, we are set to benefit from this very unique opportunity like no one else."
The agreement allows MGI to provide NetMusic the technology and platform for managing content, delivering downloads and streaming media, reporting, targeted advertising, promotions and payment processing all in one. Under the agreement, MGI will license and distribute NetMusic content over various distribution channels, while NetMusic will acquire and cross-license via the MGI network.
Glen Starchman, CEO of NetMusic Entertainment Corporation, added, "The partnership, indeed, allows us to capitalize on the paradigm shift in the music industry by bridging the relationship between artists and fans."
NetMusic (Pink Sheets:NTMT) is currently trading at around $2.40 a share.
Other Stocks of Interest:
Altera Corp. (Nasdaq:ALTR)
Monday, Altera Corp. reported net income for the fourth quarter of $57.96 million, or $0.15 per share, compared to $45.1 million, or $0.12 per share, in the year earlier quarter. Revenues for the quarter were $239.9 million compared to $217.4 million in the prior year quarter.
ALTR closed Monday's regular trading session at $17.88 on volume of 7.92 million shares.
Force Protection, Inc. (OTCBB:FRCP)
Manufacturer of blast-protected vehicles deployed with U.S. forces in Iraq, Force Protection, Inc. announced Monday that it will unveil its 6x6 Cougar troop transport vehicle at the Association of the United States Army Winter Symposium and Exhibition, at the Greater Fort Lauderdale/Broward County Convention Center in Fort Lauderdale, Florida, February 14-16, 2005. The company stated that the 6x6 Cougar is specifically designed to transport up to 10 troops with equipment in combat areas with threats such as land mines and improvised explosive devices, and is currently being used as an Explosive Ordnance Detection team transport vehicle by the U.S. Marines in Iraq.
FRCP closed Monday's trading session at $0.245 on volume of 4.5 million shares.
Brocade Communications Systems Inc. (Nasdaq:BRCD)
Brocade Communications Systems, Inc. announced after the bell Monday that its Board of Directors has appointed Michael Klayko as Chief Executive Officer, and also as a member of the Board of Directors. The company said that Greg Reyes, Chairman and CEO since 1998, remains as a director and will serve as an advisor to the Board and the new CEO. Brocade also said that it had appointed Dave House as Executive Chairman and named William Krause as outside Director.
BRCD closed Monday's regular trading session at $6.14 on volume of 6.95 million shares.
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