WESTON, Fla. Dec. 11, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Thursday morning are: Consumer Direct of America (OTCBB:CDIT), United Microelectronics (NYSE:UMC), Metro One Telecommunications Inc. (Nasdaq:MTON) and ValueClick Inc. (Nasdaq:VCLK).
Aggressive investors are sure to pay close attention to Consumer Direct of America (OTCBB:CDIT) this morning! Yesterday after the markets closed, the company issued a press release announcing the continuation of its expansion and the latest addition to its national roll-out plan!
The company, a leading consolidator in the mortgage brokerage industry, who recently entered the Northern California real estate market through the acquisition of ProMortgage, is making a move to fortify its position in the area by opening its Northern California Regional Office in the heart of San Francisco. The branch will provide administrative, technical, and banking support for the Northern California Region and its 50-plus licensed mortgage and real estate professionals.
"Having invested over $1 million in the build-out of our technology and backbone infrastructure at our Las Vegas headquarters, we have the capacity and appetite to support a large number of new regional branches. We are generating a tremendous number of leads and we look forward to having local staff in the San Francisco market that can benefit from our lead generation technologies. This new corporate office, in conjunction with our recent acquisition of the regional "hub" of ProMortgage in Marin County, creates a strong foothold for us in the high-value Northern California real estate market," stated Mr. Michael Barron, CEO and Chairman of Consumer Direct of America.
Keep you eye on this one! Consumer Direct of America is a leading consolidator of the growing mortgage brokerage business. The Company currently employs over 350 people, 240 of which are residential mortgage real estate brokerage professionals who have closed loan volume of over $330 million and $50 million in real estate sales for the year ended December 31, 2002. The company also plans to have 20 regional hubs across the U.S. by the end of 2004. The Company's core competence in direct-to-consumer marketing technologies and methods results in efficiency rates that are up to 150% higher than industry averages. Watch this one! The stock closed yesterday at thirty-seven cents a share.
Stocks showing interesting activity yesterday were: United Microelectronics (NYSE:UMC) down 1.4% on 2.1 million shares traded, Metro One Telecommunications Inc. (Nasdaq:MTON) down 4.3% on 2.4 million shares traded and ValueClick Inc. (Nasdaq:VCLK) down .95% on 1 million shares traded.
Commentary: E-Cards anyone?
"According to the Emily Post Institute, and who does not want to be etiquette-ly correct, it is O.K. to send an e-card for the holidays, just make sure the recipient is e-mail friendly to this approach. See our website for links to some e-card sites," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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