WESTON, Fla., Sept. 2, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: LocatePLUS Holdings Corp. (OTCBB:LPLHA), ProsoftTraining (Nasdaq:POSO), Corvis Corporation (Nasdaq:CORV) and Winn-Dixie Stores Inc. (NYSE:WIN).
Aggressive investors and traders should be watching LocatePLUS Holdings Corp. (OTCBB:LPLHA) again this morning! Yesterday after the markets closed, the company issued a press release announcing that the Company's organic online customer base now exceeds 16,500 active members, representing internal growth of 17% since January 1, 2004!
This should be more great news for investors! LocatePLUS CEO Jon Latorella stated, "As part of our aggressive growth strategy, we have doubled our national sales force and implemented a direct response marketing program to drive continued, internal growth. These initiatives continue to pay-off. At our average per customer usage, this number of organic LocatePLUS.com customers represents annualized revenues of $4.5 million. Strong, continued organic growth provides us with a robust foundation to build additional sales from channel partnerships, wireless, and CD ROM offerings."
Investors should continue to watch this company as it maintains great news! The Company's subscriber base has expanded to include a number of new governmental agencies, private investigators, and large police departments. Latorella concluded, "Investments in unique data sets, including roughly 95% of U.S. non-published numbers and cellular telephone data sets, position us to continue to offer the Web's leading investigative database. Reverse telephone data is now available to our customers and channel partners, enabling us to more effectively capture market share away our competitors. With continued organic growth, we are well-positioned to achieve our objective for year-end profitability based on nearly doubling our annual revenues."
The stock closed yesterday at thirty-two cents a share.
In case you are not familiar with the company: LocatePLUS is an industry-leading provider of public information and investigative solutions that are currently being used in homeland security, anti-terrorism and crime fighting initiatives. The Company's proprietary, Internet-accessible database is marketed to business-to-business and business-to-government sectors worldwide. LocatePLUS' customer base exceeds 15,000 members, including over 2,000 law enforcement agencies, as well as many major police departments across the country. Clients include many of the nation's leading agencies, such as the FBI (Federal Bureau of Investigation), ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) and DEA (Drug Enforcement Administration). Channel partners include Loislaw, Earthlink, Imaging Automation, AssureTec and the nation's leading recruitment site.
Based on the 2000 United States Census figures and Company estimates, LocatePLUS has information on nearly 98% of the adult population and data entries relating to approximately 205 million individuals in the United States -- maintained in one of the largest and most comprehensive XML data sources of its kind, capable of national delivery.
Stocks showing interesting activity yesterday at the close of the regular trading day were: ProsoftTraining (Nasdaq:POSO) up 18.1% on 1.5 million shares traded, Corvis Corporation (Nasdaq:CORV) up 8.4% on 20.3 million shares traded and Winn-Dixie Stores Inc. (NYSE:WIN) up 6% on 4.6 million shares traded.
Commentary:
"Expansion in the U.S. factory sector slowed in August as higher costs for energy and raw materials squeezed manufacturers, a report showed on Wednesday, but analysts said growth remained relatively robust. The Institute for Supply Management said its index of national manufacturing activity fell to 59.0 in August, the lowest since October 2003, from 62.0 in July," Stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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