SARASOTA, Fla., May 5, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Wednesday's Stock Focus Alert:
Investors may want to swing over and check out a still little known penny stock company trading at around .14 a share. The company known as Environmental Technologies International Inc. (Pink Sheets:EMTI), is involved in two bullish markets; personal home and family security and the Asian region. Environmental Technologies' products currently being developed for specific market applications include short and long-range detection devices that can be hidden in clothing, or on valuables, and that will emit signals to loved ones or owners of articles and valuables for purposes of Identifying, Locating, Tracking, and Retrieving.
Environmental Technologies just released news Tuesday after the closing bell that Company director Basil Meecham has just returned from a very successful trip throughout Asia. Mr. Meecham had extensive meetings with several prospective distributors who have expressed a strong interest in representing EMTI and its exciting product line throughout China, Japan and the entire Southeast Asian region. Have a look at Environmental Technologies today.
Making waves is Macrovision Corporation (Nasdaq:MVSN). The Company announced that first quarter 2004 net revenues were a record $38.0 million, compared with $28.1 million in the first quarter of 2003, an increase of 35%. Pro forma earnings (before amortization of intangibles from acquisitions, non-cash deferred compensation expense, and impairment gains and losses on investments) were $10.9 million or 33% higher than the $8.2 million recorded in last year's first quarter. MVSN saw much heavier than usual volume Tuesday of 7,503,852 to end at $22.74, up $5.18 (29.50%).
Also performing well was Magal Security Systems Ltd. (Nasdaq:MAGS) (TASE:MAGS). In their latest earnings report on April 28, Magal Security Systems Ltd. announced its consolidated financial results for the three-month period ended March 31, 2004. Revenues for the first quarter of 2004 reached US$14.2 million, an increase of 11 percent compared with the first quarter of 2003. Operating income reached US$1.2 million and net income reached US$687,000, an increase of 14 percent and 29 percent respectively compared with the first quarter of 2003. MAGS saw volume Tuesday of 5,487,424 to end at $15.30, up $2.50 (19.53%).
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, here after referred to as "the company". The company received compensation for this newsletter service from Environmental Technologies only. The compensation is 107,142 free trading shares from a non-affiliated third party Alex Consulting Inc. As of this date the company still retains all shares received. 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.
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