DALLAS, July 15, 2004 (PRIMEZONE) -- Wall Street Futures, a leading news source for small-cap investors, continues to monitor home entertainment companies and is bullish on Gold Entertainment Group, Inc. (Pink Sheets:GEGP) based on news released by the Company earlier this week.
GEGP reported that it has shipped thousands of DVD titles to distributors in its wholly owned subsidiary, Quality of Life Marketing, Inc., a multi-level marketer of consumer DVD and video game products. Sources have reported that the Company has also signed thousands of distributors since it began its distributor marketing program last month. At this rate, the Company's subsidiary will continue to grow its distributorship at an amazing pace outperforming its projections substantially.
The Company also unveiled a new, fixed-price DVD rental program just one month ago. Subscribers to this Internet-based service, which is available only to distributors at present, can watch as many DVDs as they choose for a fixed fee of $20 per month, with no late fees or scheduled due dates on rented movies. The company plans to introduce the program to out-of-network customers in the near future.
Wall Street Futures continues to rate GEGP a "Very Strong Buy" in the home entertainment space, particularly at its current price level of $0.24 per share.
Other Wall Street Futures "Stocks to Watch" include: MDU Communications International, Inc. (OTCBB:MDTV); Adelphia Communications Corporation (Pink Sheets:ADELQ); GWIN Inc. (OTCBB:GWNI); MSSI-Telescience (OTCBB:MSSI) and Global Triad, Inc. (Pink Sheets:GTRD).
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