WESTON, Fla., Oct. 28, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Magic Lantern Group, Inc. (AMEX:GML), aaiPharma Inc. (Nasdaq:AAII), Intuitive Surgical, Inc. (Nasdaq:ISRG) and NetEase.com, Inc. (Nasdaq:TES).
Aggressive investors and traders need to watch Magic Lantern Group, Inc. (AMEX: GML) this morning! Yesterday after the markets closed, the company issued a press release announcing that it is in the process of forming a wholly-owned subsidiary, DigiTron Ltd., to independently create and produce original TV broadcast programs!
This should be great news for investors! DigiTron will initially focus on producing an educational and entertainment-oriented science series for broadcast television, hosted by well-known celebrities. According to the press release, Magic Lantern's Foray into TV Broadcast Production Could Expand Revenues by More than $5 Million Beginning in 2006.
Greg Abrams, President of Sonoptic Technologies Inc., an MLG subsidiary, will manage DigiTron Ltd., contributing his extensive technical, creative and managerial experience in broadcast production.
In addition, MLG will continue to collaborate with its strategic partner, Bill Scollon, a former Director of Disney Educational Productions, of Scollon Media Arts to create additional programs. MLG plans to independently fund DigiTron's business plan and aggressively seek to capitalize on migrating from a pure distributor of other producers' content to capturing those royalties it currently pays, and improve its gross margins as other distributors contract for DigiTron's programs.
Investors should continue to watch this company for more great news! President of MLG Bob Goddard stated, "With the formation of this new operating unit, we move the Company forward in a new direction of producing our own programs for sales to broadcast television networks. In addition, we expect revenues from sales of videos, DVD's and syndication could lead to significant positive implications for the continuing growth and diversification of our business."
The stock closed yesterday below Forty-Six cents a share.
In case you are not familiar with the company: Magic Lantern Group, Inc., in business for nearly 30 years, operates several, strategic subsidiaries, including: Magic Lantern Communications, a global distributor of videos from more than 300 world-renowned producers; Magic Vision Digital Media, Inc., a provider of digital on-demand solutions for the sports entertainment, health care, human resource, and corporate compliance industries; Sonoptic Technologies, a leading provider of third-generation digital technology solutions; and Parasol Video, an online digital video library enterprise for worldwide educational markets. For more information, visit: http://www.magiclanterngroup.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: aaiPharma Inc. (NASDAQ: AAII) up 59% on 7.5 million shares traded, Intuitive Surgical, Inc. (NASDAQ: ISRG) up 17.9% on 2.8 million shares traded and NetEase.com, Inc. (NASDAQ: NTES) up 13.3% on 5.3 million shares traded.
Commentary:
"U.S. stocks surged on Wednesday with the Dow back above 10,000 after oil prices fell almost 5 percent, alleviating worry that high energy costs will eat into corporate profits and consumers' wallets. A higher-than-expected rise in crude inventories last week sent NYMEX December crude tumbling to settle $2.71 lower at $52.46 -- just two days after hitting an all-time high of $55.67," stated Mario Cardenas in Wall
Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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