SARASOTA, Fla., Dec. 7, 2004 (PRIMEZONE) -- eLocity's velocity stocks to watch for today are; Environmental Technologies International Inc. (Pink Sheets:EMTI), Genta Inc. (Nasdaq:GNTA), CMGI Inc. (Nasdaq:CMGI) and InVision Technologies, Inc. (Nasdaq:INVN).
Environmental Technologies International Inc. (Pink Sheets:EMTI).
Environmental Technologies announced after the closing bell on Monday that it "Intends to seek out offshore distributors for its AWE building HVAC retrofit units currently being developed for mass markets. The AWE's proprietary technology in building heating/cooling, energy, and water systems is global in scope and is estimated to exceed many billions of dollars. In addition, the system also produces pure water for use by building tenants. It is a leading-edge technological advance which, when developed for building-environment (HVAC) control systems, is expected to find broad acceptance owing to the fact that the savings in building maintenance/operations garnered by the system will in fact pay for itself many times over -- AWE technology offers the common benefits of improved IAQ (Indoor Air Quality) and lower electrical power costs."
EMTI currently trades at around .07 a share.
Genta Inc. (Nasdaq:GNTA)
Biopharmaceutical company Genta, Inc. announced Monday positive trial results of its Genasense, oblimersen sodium, injection in patients with relapsed or refractory chronic lymphocytic leukemia. The company said the randomized Phase 3 clinical trial showed that the addition of Genasense significantly increased the proportion of patients who achieved a major response, which was the primary end-point of the trial.
GNTA closed Monday's regular trading session up $0.67 at $2.05, on volume of 62 million shares.
CMGI Inc. (Nasdaq:CMGI)
Technology and e-commerce solutions provider, CMGI, Inc., announced financial results for its fiscal 2005 first quarter on Monday, reporting a net loss of $0.6 million or $0.00 per share, compared to net income of $29.9 million or $0.07 per share in same quarter last year. Net revenue for the quarter increased 171% to $257.1 million from the $94.9 million posted in the comparable quarter last year. CMGI reported non-GAAP operating income for the quarter of $9 million, compared to a non-GAAP operating loss of $3.2 million in the same period of the prior year.
CMGI closed Monday's regular trading session up $0.60, or 31.91%, at $2.48 on volume of 57.7 million shares.
InVision Technologies, Inc. (Nasdaq:INVN)
Computed tomography-based detection products manufacturer, InVision Technologies, Inc., announced Monday that it had entered into a non-prosecution agreement with the Criminal Division, Fraud Section, of the U.S. Department of Justice. InVision has to pay $800,000 to the United States Treasury and accept responsibility in a manner defined in the agreement for specified actions or omissions of employees. The Department of Justice said it has agreed not to prosecute InVision under the Foreign Corrupt Practices Act or specified other federal criminal statutes for conduct that potentially violates the FCPA. Additionally, InVision Technologies, Inc. provides update on its acquisition by General Electric Co. (NYSE:GE). InVision said that its acquisition by General Electric Co. was completed before today's opening of market.
INVN closed Monday's regular trading session up $1.20 at $49.99 on volume of 931,519 million shares. GE finished the session at $35.67 on volume of 11.7 million shares.
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