SARASOTA, Fla., Oct. 6, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Xynergy Corp. (Pink Sheets:XYNY), EarthFirst Technologies, Inc. (OTCBB:EFTI), Unico Incorporated (OTCBB:UNCN) and Silverado Gold Mines Ltd. (OTCBB:SLGLF).
Making news is Xynergy Corp. (Pink Sheets:XYNY). A holding company, Xynergy announced on Monday that production of their new product line has commenced for Raquel of Beverly Hills cosmetics, one of three wholly owned subsidiaries of Xynergy. Raquel of Beverly Hills cosmetics are unique in that they are designed specifically for, and marketed to Hispanic/Latina consumers. Xynergy will release first an elegant palette containing a total of thirteen colors for a complete makeover.
As described by the company, "Compact enough to carry inside a small purse, this sleek item will come in three different color schemes: "Coleccion de la Luna, Coleccion del Sol, and Coleccion Terrestre."
Filming of the infomercial will commence shortly after the production of the compacts is complete.
Xynergy Corporation is a holding company for Raquel of Beverly Hills cosmetics, Think Blots(c) greeting cards and Indigo Technology Services, Inc.
EarthFirst Technologies, Inc. (OTCBB:EFTI)
Shares of EarthFirst Technologies, Inc., producer of environmentally superior products from carbon-rich solid and liquid waste materials, traded on above average volume of 650,300 shares Tuesday and closed 16.67% higher at $.175.
On Monday, the company announced the signing of a Letter of Intent with Chateau Energy, Inc. for the sale of its Catalytic Activated Vacuum Distillation plant in Mobile, Alabama.
Unico Incorporated (OTCBB:UNCN)
Business development company Unico Incorporated shares traded on over 5 times its average Tuesday, on volume of 25,353,792 shares and closed higher by 4.55% at $.023.
Unico Inc. announced on Monday that it has hired Frank W. Millsaps as consulting metallurgist to work on behalf of the company, its mining subsidiaries and its mill operations. Mr. Millsaps has over 60 years of combined experience as a consultant, metallurgical advisor, project metallurgist and project manager, as well as over a quarter century in milling operations and supervision.
Silverado Gold Mines Ltd. (OTCBB:SLGLF)
Silverado Gold Mines Ltd. traded almost 4 times its average daily volume Tuesday at 2,575,122 shares, after the company provided an update on the activities of Silverado Green Fuel Inc., it's wholly-owned subsidiary, surrounding its Green Fuel Project in Fairbanks, Alaska.
SLGLF closed Tuesday at $.068, up 10.57%%.
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