SARASOTA, Fla., Oct. 13, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Austin Medical Technologies, Inc. (Pink Sheets:AMTK), Sify Limited (Nasdaq:SIFY) and Insignia Solutions(r) (Nasdaq:INSG).
Making progress and continued growth is a little company called Austin Medical Technologies, Inc. (Pink Sheets:AMTK). Austin Medical announced late after the closing bell Monday that they are continuing the trend of strong sales from the first of the year and that they are closing more contracts with industry leaders such as Island Eye Surgicenter. Austin Medical went on to say that they have added 14 new customers in the same quarter and are building a strong base of customers.
Austin Medical Technologies delivers "DIRECT" from the manufacturer to the surgeon, the only technology based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. Currently, the company has contracted with 200 eye surgery centers including the 2 largest eye surgery centers in the USA. The market for custom sterile surgery trays is a $2.1 billion market here in the USA.
AMTK is currently trading at around .05 a share.
On the Nasdaq;
Sify Limited (Nasdaq:SIFY)
Trading heavier than usual volume on Tuesday was Sify Limited, "India's premier Internet, network and e-Commerce Services Company." Sify Limited announced on October 8th that they will release second quarter fiscal 2004 earnings on Friday, October 15, at 7:00 AM ET.
SIFY traded 579,849 shares Tuesday to end at $6.41, up .63 a share.
Insignia Solutions(r) (Nasdaq:INSG)
Trading heavy on Tuesday with no news to report of was Insignia Solutions(r) (Nasdaq:INSG). Insignia announced on October 6th that it is extending its interoperability leadership by joining the Open Management Terminal Platform (OMTP) group.
INSG traded 371,589 shares Tuesday to end at $1.04, up 0.19 (22.35%) a share.
About eLocity Inc.: eLocity owns and operates three financial websites for investors.
-PennyPicks.com, http://www.pennypicks.com/. Featuring active message boards for the penny stock trader, rumors and more.
-StockGrid.com, http://www.stockgrid.com/. Visit this site for our daily top stock "GRID Makers". We rank stocks on volume, message board activity, sentiment and trend forecast.
-Bell2Bell.com, http://www.bell2bell.com/. Bell2Bell features news stories, rumors, the InvestBoard and more.
Sign up for FREE at any of the sites above.
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 this newsletter service for AMTK only. The compensation is 475,000 free trading shares from a non-affiliated third party and who may own a substantial position in the stock. The company still retains 345,000 shares as of the date of this newsletter.
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. The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above.
All statements of opinions, if any, (Our Summary) are those of the company. The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer. Investing in the public company that this newsletter is providing service for should be reviewed as speculative and a high-risk and may result in the loss of some or all of any investment made in the client.
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.