SARASOTA, Fla., Nov. 4, 2004 (PRIMEZONE) -- eLocity's stocks to watch for today are; Morgan Beaumont, Inc. (OTCBB:MBEU), Mamma.com Inc. (Nasdaq:MAMA), Applied Digital Solutions Inc. (Nasdaq: ADSX) and 8x8 Inc. (Nasdaq:EGHT).
Investors will surely want to keep an eye on Morgan Beaumont, Inc. (OTCBB:MBEU). Morgan, one of the premier providers of Stored Value and Debit Card Solutions in the United States is making strides again as they have announced after the closing bell Wednesday that they reached an agreement with Bentley Commerce Corp, an online leader in worldwide barter and trade. The agreement with Bentley Commerce is to allow Morgan Beaumont's proprietary load software on Verifone 3750 equipment, bundled with Bentley Trade Cards and Morgan Beaumont Debit Cards to business members of Barter Exchanges across the U.S. and Canada.
The press release stated that the goal over the next 12 months is for Merchants in Bentley's network of affiliated Barter Exchanges, representing approximately 50,000 businesses, to be set up to accept Trade Cards as well as cash for services and sale of product.
Morgan Beaumont, Inc. is a Technology Solutions Company located in Sarasota Florida. Morgan is one of the premier providers of Stored Value and Debit Card Solutions in the United States.
MBEU currently trades at around .50 a share.
Other stocks making news:
Mamma.com Inc. (Nasdaq:MAMA)
Software and programming company Mamma.com Inc. announced its third quarter financial results after the bell Wednesday, reporting net income of $283.9 thousand, or $0.02 per share, compared to $185.1 thousand, or $0.03 per share registered in the same quarter of last year. Revenues for the quarter climbed 90% to $3.76 million from $1.98 million in the prior-year quarter.
Shares of MAMA closed Wednesday's regular trading session at $7.49, up $0.34, on volume of 1.35 million shares.
Applied Digital Solutions Inc. (Nasdaq:ADSX)
Advanced technology development company, Applied Digital Solutions, Inc., announced financial results for its third quarter Wednesday, reporting that its net loss for the quarter widened to $2.5 million or $0.05 per share, from $1.2 million or $0.03 per share in the same period last year. Revenues for the quarter of 2004 were up 18% to $27.7 million, from the $23.5 million in the comparable period last year.
ADSX closed Wednesday's regular trading session at $3.83, on volume of 3.1 million shares.
8x8 Inc. (Nasdaq:EGHT)
Internet telephony service provider, 8x8 Inc., announced Wednesday that it has signed a retail agreement with CompUSA for Packet8 VoIP and videophone offerings. 8x8 said that, under terms of the agreement, CompUSA would carry the Packet8 VoIP Adapter and broadband consumer VideoPhone in each of its 226 nationwide locations.
EGHT closed Wednesday at $2.769, up 0.249 on volume of 4,29 million shares.
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