Tuesday's Stocks to Watch: DWOG, IFOX, ELOS, ALVR


SARASOTA, Fla., Nov. 16, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: Deep Well Oil & Gas, Inc. (Pink Sheets:DWOG), Infocrossing, Inc. (Nasdaq:IFOX), Syneron Medical Ltd. (Nasdaq:ELOS), Alvarion Ltd. (Nasdaq:ALVR).

Aggressive stock traders and investors, take a look at Deep Well Oil & Gas, Inc. (Pink Sheets:DWOG). Monday after the bell, the company issued a press release announcing that the Company's subsidiary, Mikwec Energy Canada Ltd., has signed a letter of intent with Portwest Investments, Ltd. a private Alberta, Canada company and affiliates, for a US$15 million debenture. The funds will be used to underwrite the drilling of the Company's first series of ten production test wells as planned in the Sawn Lake Heavy Oil Project.

The debenture is set at 12% interest with a term of 60 months with a twelve month principal holiday. The debenture holder has the option to convert drawn funds into an up to 20% working interest, in each of ten drilling spacing units as drilled in the Sawn Lake Heavy Oil Project. A drilling spacing unit (DSU) is the Alberta Government land parcel for a single oil well containing 160 acres (64 hectares).

Deep Well Oil & Gas is an Alberta Canada based corporation founded, directed and managed by career oil industry personnel with proven management and heavy oil expertise. Deep Well Oil & Gas has secured an 80% operating interest in 63 contiguous sections (NET 50.4 sections or 32,256 acres/12,902 hectares to Deep Well) of oil sands leases in the Sawn Lake oil sands in North Central Alberta, Canada.

DWOG is currently trading around 69 cents a share.

Other Stocks of Interest on Monday were;

Infocrossing, Inc. (Nasdaq:IFOX)

IT outsourcing and business processing solutions provider, Infocrossing, Inc., reported net income for the third quarter on Monday of $2.0 million or $0.10 per share, compared to a net loss to common stockholders of $2.1 million or $0.39 per share for the year-ago quarter. Revenue in the third quarter jumped 87.4% to $26.4 million from $14.1 million in the same quarter last year.

IFOX closed Monday's regular trading session at $14.50, up $1.60, on above average volume of 588,462 shares.

Syneron Medical Ltd. (Nasdaq: ELOS)

Medical aesthetic device maker Syneron Medical Ltd. announced Monday that its Vela system for non-invasive cellulite treatment has received Medical CE Mark 0344 approval. CE-0344 mark indicates compliance with the requirements for medical electrical equipment in Europe and is mandatory for marketing equipment in Europe.

ELOS closed Monday's regular trading session at $31.50, up $1.99, on above average volume of 574,901 shares.

Alvarion Ltd. (Nasdaq: ALVR)

Broadband service provider Alvarion Ltd. announced on Monday that Spanish broadband services provider Iberbanda has ordered several millions of dollars of Alvarion's WiMAX-ready platform, BreezeMAX, to provide a host of high bandwidth applications to business and residential customers in both rural and urban areas in Spain, extending a long-term relationship between the companies.

ALVR closed Monday's regular trading session at $15.30 on volume of 748,016 shares.

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 newsletter services for DWOG. (Public Company). The compensation is thirty-five thousand dollars from a non-affiliated third party. 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 is 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.



            

Contact Data