SARASOTA, Fla., April 29, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to swing over and check out a still little known cheap penny stock company called Delta Mining and Exploration Corp. (Pink Sheets:DMXP). Yesterday after the markets closed, Delta announced the new management team to assist Dr. Barry Rayment the former President of Bema Gold Corp. (AMEX:BGO), with the development of Delta and their exciting portfolio of diamond and gold properties. Dr. Barry Rayment combines experience in the mining sector along with his extensive knowledge of public companies; this makes for an extraordinary asset to Delta and its shareholders as the company moves forward. Delta's stock is seeing some nice action of late. On Wednesday the stock traded 6,192,020 shares. Delta Mining and Exploration Corp, http://www.deltamine.com, is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 7,500 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. Another 10,000 acres of prospective diamond properties are controlled in Bolivia, South America. Have a look at Delta Mining and Exploration Corp. today.
Making waves is Level 3 Communications Inc (Nasdaq:LVLT). Level 3 announce that it will be supplying its MPLS-based data networking and other services to Teliris Ltd, a virtual meeting solutions provider. Under the terms of the agreement Level 3 will deploy its (3)Flex data networking service to enable the convergence of video, voice and data over a secure network. LVLT saw some heavy than usual volume Wednesday of 13,192,752 to end at $3.31, UP 0.07 (2.16%).
Also making some music is Guitar Center, Inc. (Nasdaq:GTRC). Guitar Center reported on Wednesday that its net income for the first quarter of 2004 increased 123% to $11.8 million, or $0.46 per diluted share, compared to net income in the first quarter of 2003 of $5.3 million, or $0.22 per diluted share. Consolidated net sales for the quarter ended March 31, 2004 increased 21.6% to $349.7 million from $287.5 million in the same period last year. GTRC saw some heavy than usual volume Wednesday of 3,518,119 to end at $41, UP 4.33 (11.81%).
About eLocity Inc: eLocity owns and operates three financial websites for investors.
-- Bell2Bell.com, Visit http://www.bell2bell.com/ for news stories, rumors, the InvestBoard and more.
-- PennyPicks.com, http://www.pennypicks.com/. Featuring active message boards for the penny stock trader, rumors and more.
-- StockGrid.com, http://www.stockgrid.com/. Visit this site for our daily top stock "GRID Makers". We rank stocks on volume, message board activity, sentiment and trend forecast.
Sign up for FREE at any of the sites above.
The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, here after referred to as "the company". The company is expected to receive compensation for this newsletter service for Delta Mining and Exploration Corp. only. The compensation is four thousand dollars from a non-affiliated third party Alex Consulting Inc. Because the company is receiving compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.
The company relies exclusively on information gathered from the client, public filings on client, press releases and client's web site. Investors should use the information contained in this publication as a starting point for conducting additional research on the featured client in order to allow the investor to form his or her own opinion regarding the featured clients. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.
Investment in the clients reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.
The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.