Wednesday Morning's Hot Stock List!
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
Wednesday, November 05, 2003 08:32 ET
WESTON, FL, Nov. 05, 2003 (MARKET WIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this Wednesday morning are: AngelCiti Entertainment (OTC BB: AGEL), WorldCom Group (OTC: WCOEQ), Ivoice.com (OTC BB: IVOC) and Novell Inc. (NASDAQ: NOVL).
It's time for investors to watch AngelCiti Entertainment (OTC BB: AGEL) again! Yesterday after the markets closed, the company issued a press release announcing that it has hired James Hall as the new Director of Marketing. This is good news for investors! Mr. Hall has vast experience in online and off-line marketing that will be crucial to the continuing growth and expansion of the Company. Mr. Hall is a graduate of the York University business school with both an MBA in finance & marketing, and Honors BA in Econ with a minor in Mathematics.
Investors need to watch this company! According to the release, "Marketing has become an increasingly important part of our ongoing growth strategy," stated AngelCiti president George Gutierrez. "James' wealth of experience provides new synergies and opportunities that will be a key factor in the continued effective implementation of our long-term business plans."
The Industry: A Bear Stearns report for the industry pegs annual revenue at $4.2 billion for 2003, while Christiansen Capital Advisors predicts a slightly more rosy picture pointing to an estimated $4.5 billion in revenue for calendar year 2002, saying 2005 revenue could exceed $10 billion. InformaMedia Group, which tracks electronic gambling, predicts that online gaming revenue will even reach $14.5 billion by 2006. Investors need to pay close attention to this one!
AngelCiti's wholly owned subsidiary Worldwide Management provides gaming software to numerous online casinos including SharkCasino.com, SharkPoker.com and TheHouseWins.com, and currently services casinos in English, Spanish, German and Chinese.
Stocks showing interesting activity yesterday were: WorldCom Group (OTC: WCOEQ) down 39% on 285.5 million shares traded, Ivoice.com Inc. (OTC BB: IVOC) up 6.2% on 278.5 million shares traded and Novell Inc. (NASDAQ: NOVL) up 21.1% on 55.8 million shares traded.
Commentary:
"Ebay Inc., the largest Internet auctioneer in the world, stated it will open a site in Hong Kong before the end of the year as it continues to expand the business model. The Chinese-language site is directed at serving Hong Kong residents that will use eBay and its other sites, attracting old and new clients according to senior vice president Bill Cobb, director of international business for eBay," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 9.4 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at
http://www.wallstreetnewsalert.com and select the "join now" button.