WESTON, Fla., July 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: LocatePLUS Holdings Corp. (OTCBB:LPLHA), iBIZ Technology Corp. (OTCBB:IBZT), Agilysys Inc. (Nasdaq:AGYS) and Carpenter Technology Corp (NYSE:CRS).
Aggressive investors and traders should be monitoring LocatePLUS Holdings Corp. (OTCBB:LPLHA) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it is working with a number of local and federal law enforcement agencies, including the Massachusetts State Police, Boston Police, FBI (Federal Bureau of Investigation) and DEA (Drug Enforcement Administration), to improve security during the Democratic National Convention (DNC)!
Investors should have their eyes on this one! According to the press release, LocatePLUS is working with the law enforcement agencies that are responsible for covering the entire security detail of the DNC. Officers will utilize LocatePLUS' products to conduct identity validation checks on license plates, cell phones and drivers' licenses. LocatePLUS' AnyWhere(tm) RIM BlackBerry wireless product, and CD-ROMs of motor vehicle and drivers' license records provided by subsidiary Worldwide Information of Byfield, Massachusetts, will be used for security checks during the DNC event.
Massachusetts State Police Lieutenant Robert M. Munroe stated, "Public safety and national security are our top concerns for the DNC. The wireless devices, online database and CD-ROMs provide us with public information at our fingertips, allowing us to readily access databases that verify an individual's identity. We can use this information to help elevate the security at the DNC."
LocatePLUS CEO Jon Latorella stated, "LocatePLUS is extremely pleased to be selected to provide our anti-terrorism investigation solutions during the DNC. The law enforcement groups responsible for DNC security are world-class organizations with rigorous security requirements. Being selected to provide our anti-terrorism investigative solutions by state and federal law enforcement units are another example of how LocatePLUS and Worldwide Information are delivering the nation's leading identity validation tools."
Investors watch this one! AnyWhere, currently used nationally for anti-terrorism and criminal investigations, is an integrated handheld wireless and messaging system that supplies 24/7 access to LocatePLUS' proprietary investigative database, containing information on 98% of the U.S. population. Officers can access the database in real-time through a secure Web-based portal using wireless access provided by EarthLink, a LocatePLUS partner.
The stock closed yesterday at Twenty-Eight cents a share.
In case you are not familiar with the company: LocatePLUS is an industry-leading provider of public information and investigative solutions that are currently being used in homeland security, anti-terrorism and crime fighting initiatives. The Company's proprietary, Internet-accessible database is marketed to business-to-business and business-to-government sectors worldwide. LocatePLUS' customer base exceeds 15,000 members, including over 2,000 law enforcement agencies, as well as many major police departments across the country. Clients include many of the nation's leading agencies, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, EarthLink, Imaging Automation, AssureTec and the nation's leading recruitment site.
Based on the 2000 United States Census figures and Company estimates, LocatePLUS has information on nearly 98% of the adult population and data entries relating to approximately 205 million individuals in the United States -- maintained in one of the largest and most comprehensive XML data sources of its kind, capable of national delivery.
Stocks showing interesting activity yesterday at the close of the regular trading day were: iBIZ Technology Corp. (OTCBB:IBZT) down 19.2% on 42.4 million shares traded, Agilysys Inc. (Nasdaq:AGYS) up 22.2% on 687,800 shares traded, Carpenter Technology Corp (NYSE:CRS) up 13% on 1 million shares traded.
Commentary:
"The corporate profit and loss profile for the second quarter continues to roll out this week as earnings reports will be heard from American Express, DuPont, Lockheed Martin, Boeing, Time Warner, Bristol-Meyers Squibb, Exxon Mobil, Chevron-Texaco. Last week investors, experts attest, were not impressed with earnings even as rebounds were announced: General Motors up 49%, Ford Motors claimed net income tripled, eBay up 52%, and profits posted at Pfizer, McDonald's, Coca-Cola, and Amazon.com. One wonders what does it take to get investors excited as all the indexes posted a loss for last week. "How about a fatter wallet," claimed one analyst, stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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