SARASOTA, Fla., Sept. 28, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.
Fidelis Energy, Inc. (OTCBB:FDEI), Citadel Security Software Inc. (Nasdaq:CDSS) and iSECUREtrac Corp. (OTCBB:ISRE).
Oil and Gas Related News
Oil prices reached a new high -- crude barrel oil approaching $50 mark. This is good news for investors of oil and gas companies such as Fidelis Energy, Inc. (OTCBB:FDEI). The Company will become a Commercial Gas Producer to the state of California when the construction of a pipeline at their North Franklin Gas discovery is completed in the next few weeks. Dedicated to developing North America's energy resources, Fidelis Energy announced after the closing bell Monday "the appointment of the new CFO, Mr. Sterling Klein. As an accounting professional with an outstanding record of accomplishment in corporate financial analysis and administration, Mr. Klein brings extensive Oil and Gas financial experience to the Company. The announcement was made by Company President, Mr. Dan Hodges.
FDEI is currently trading around .70 a share.
On the Nasdaq --
Citadel Security Software Inc. (Nasdaq:CDSS), a leader in full life cycle vulnerability management and policy enforcement solutions, announced Monday that one of its prime contractor partners has been awarded a multi-million dollar contract with a government agency to include Hercules as the automated vulnerability remediation (AVR) solution.
The company stated that more information about the award to be released when available.
Shares of CDSS closed Monday's session higher by 0.21 at $2.31 on high volume of 1,880,330 shares, over 14 times its daily average.
On the OTCBB --
iSECUREtrac Corp. (OTCBB:ISRE)
Secure electronic wireless GPS tracking and monitoring solutions company iSECUREtrac Corp. announced Monday that the U.S. Immigration and Customs Enforcement (ICE), the largest investigative arm of the United States Department Homeland Security, has signed an agreement to utilize iSECUREtrac's GPS Monitoring Systems. iSECUREtrac's monitoring systems are currently used by U.S. Federal, city, county and state law enforcement agencies in 40 states and in the United Kingdom to monitor individuals that require some form of community supervision.
Tom Wharton, CEO of iSECUREtrac Corp. stated, "We are pleased to see yet another U.S. Federal Agency that sees the significant advantages that our GPS systems can have when monitoring persons that need to be watched closely."
Wharton added that iSECUREtrac has the only wearable wireless GPS monitoring system that can be used to track, monitor, and locate the physical location of an individual through a secure internet connection.
ISRE closed Monday at up 16.67 percent at $0.21 on volume of over one million shares.
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for newsletter services for Fidelis Energy. (Public Company). The compensation is eight thousand dollars from a non-affiliated third party KNIGHTS BRIDGE CAPTIAL CORP. Because the company received 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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