SARASOTA, Fla., Oct. 13, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Austin Medical Technologies, Inc.(Pink Sheets:AMTK), Creo Inc. (Nasdaq:CREO), Travelzoo Inc. (Nasdaq:TZOO) and ITec Environmental Group, Inc. (OTCBB:ITCV).
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;
Creo Inc. (Nasdaq:CREO)(TSX Venture Exchange:CRE) announced on Monday that they and Xerox Corporation (NYSE:XRX) "have launched the SpireTM CXP3535e color server for the Xerox DocuColor(r) 3535 color copier/printer system, bringing the key benefits of Creo professional graphic arts solutions to small print shops and graphics-intensive office environments."
CREO traded 1,140,233 shares Tuesday to end at $11.15 a share.
Travelzoo Inc. (Nasdaq:TZOO) reported Tuesday on "record revenues and record profit for the third quarter ended September 30, 2004. Earnings per share were $0.14 per basic share and $0.12 per diluted share, up 367% and 300% from $0.03 per basic and diluted share in the same period last year."
TZOO traded 6,424,739 shares Tuesday to end at $63.35 a share up $6.47 (11.37%).
On the OTCBB
Trading heavy on Tuesday was ITec Environmental Group, Inc. (OTCBB:ITCV).
ITec Environmental press release on Oct 5 stated that they have entered into a five-year use agreement with a five-year option on a 51,394 sq. ft. steel frame building in the heavy industrial complex building in Riverbank, California. The agreement includes an additional 3,500 sq. ft. office space.
ITCV traded volume of 64,587,368 to end at .011 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.