WESTON, Fla., May 10, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Graystone Park Enterprises (Pink Sheets:GPKE), Symantec Corp. (Nasdaq:SYMC), Intel Corp. (Nasdaq:INTC) and Cisco Systems, Inc. (Nasdaq:CSCO).
Aggressive investors and traders may have their sights set on Graystone Park Enterprises Inc. (Pink Sheets:GPKE) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has signed and finalized an agreement with Fishox Systems, Inc. to acquire it as a wholly owned subsidiary.
This could be more great news for the company's investors! According to the press release, Fishox is a pioneer in the development and marketing of low cost oxygen concentrators for the recreational fishing industry. The Fishox unit has been featured in Bass Pro Shops, Saltwater Sportsman Magazine, Landbigfish.com, Boaterscatalog.com and the Probass.com as the safe, low cost alternative to other oxygenation units. Having secured its first contract to manufacture 3,500 portable oxygen units ($1,225,000 in revenue) from T-H Marine, a major distributor of boat accessories, the company recently increased its manufacturing facilities to meet the demand. "We are very excited to be part of the growing Graystone family," states Chesley Ellis, President of Fishox. He further states, "With Graystone's business expertise, we intend on growing Fishox to be the world leader in oxygen distribution."
Fishox is currently manufacturing and shipping product.
Investors continue to watch the progress of Graystone! Just last week, the company made two announcements: its intention to spin off (Shareholders of GPKE) its first wholly owned subsidiary; Gray Publishing & Media, Inc and the company also announced that Gray Publishing & Media, Inc. signed a Letter of Intent to acquire National Safe Schools, Inc. (NSSI), a DC-based safety and security company for public, charter and private school systems across the country.
For more in-depth coverage of Graystone Park Enterprises, visit http://www.1sourcealert.com/GPKE0509.html
Prior to yesterday's press release, the stock closed yesterday at around Twenty Eight cents a share.
In case you are not familiar with the company: Graystone Park Enterprises, Inc. was founded to assist the small business entrepreneur in growing his company and reducing the pitfalls that normally stall a start-up company. Graystone plans on acquiring middle stage companies in need of assistance to dramatically increase its market share. Graystone projects to acquire 5-10 companies in 2005, and an additional 8-12 companies in 2006. Graystone will maintain a substantial percentage of each subsidiary company after the subsidiary begins trading under its own symbol.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Symantec Corp. (Nasdaq:SYMC) down 4% on 26.8 million shares traded, Intel Corp. (Nasdaq:INTC) up 1.2% on 57.5 million shares traded and Cisco Systems Inc. (Nasdaq:CSCO) up 1% on 54.7 million shares traded.
Commentary:
"Auto sales numbers show a surge in April after a slow start in the first quarter. Japan's automakers gained market share from Ford and General Motors, primarily because of their cost efficient and gas efficient cars and a big bet on hybrids from Toyota and Honda that is paying off," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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