SARASOTA, Fla., Oct. 6, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Xynergy Corp. (Pink Sheets:XYNY), NanoPierce Technologies (OTCBB:NPCT), FTS Group, Inc. (OTCBB:FLIP) and Front Porch Digital, Inc. (OTCBB:FPDI)
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.
NanoPierce Technologies (OTCBB:NPCT)
NanoPierce Technologies announced Tuesday that it has entered into a Letter Agreement with Xact Resources International, Inc. to form a joint venture to produce, market and sell a biotech yeast beta glucan product known as YBG-2000. YBG-2000 is a natural beta glucan immune system feed supplement refined from bakers' yeast used to replace the antibiotic fast growth additives that are currently used in feeds used by swine, poultry and shrimp producers.
NPCT closed Tuesday at $.123, on a volume of 668,050 shares.
FTS Group, Inc. (OTCBB:FLIP)
Regional retail wireless locations operator FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. -- stock traded on a volume of 369,094 shares Tuesday and closed slightly higher at $0.115.
On Monday the company announced sequential post paid wireless activations grew by more than 100% during the third quarter. FTS Group, Inc. Chairman and Chief Executive Officer Scott Gallagher said, "Despite the difficult challenges FTS experienced from the hurricane activity in Florida over the past month and a half, we managed to grow post paid wireless activations by more then 100% from second quarter numbers."
Front Porch Digital, Inc. (OTCBB:FPDI)
Storage management products and services provider Front Porch Digital, Inc. announced Tuesday that its Schedule 14C Information Statement related to changing the Company's name to Incentra Solutions, Inc. is effective and was mailed to shareholders on October 4, 2004. The change of name to Incentra Solutions, Inc. will become effective October 25, 2004, following the required 20-day notification period to shareholders.
FPDI closed Tuesday up 0.025 at $0.26, on above average volume of 327,750 shares.
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