MIAMI, Jan. 21, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: MSE EcoEngine Incorporated (Pink Sheets:MSEE), eBay Inc. (Nasdaq:EBAY), QUALCOMM, Inc. (Nasdaq:QCOM) and Nortel Networks Corporation (NYSE:NT).
MSE EcoEngine Inc. (Pink Sheets:MSEE) issued a press release that may get investor's attention. Late yesterday afternoon, the company announced that it will begin immediately to formalize its Advisory Board. Before the news was released, the company's stock closed at twenty-four cents a share.
The press release stated that during the last several years of investigative work, the inventors, Mr. Gooch and Dr. Marvin Shapiro, have consulted several dozen professionals and academics in the ongoing effort to develop, perfect and confirm the MSE Ecology Engine at a theoretical level. Additionally, several manufacturing and equipment specialists have been consulted to determine materials selection and production costing. Finally, several large possible end users were met with to determine the applicability of the MSE Engine for their particular needs.
"Over the last decade we have been very fortunate to have received such strong support for the MSE EcoEngine from so many well qualified people and we will continue to need such active support in the future," commented J. Gregory Gooch, President of MSE EcoEngine.
The press release also stated that at this time the company has decided to formalize this group of advisors into a Technical and Commercialization Advisory Board. Of the foregoing the key 5 to 7 professionals will be asked to join the Advisory Board and will be awarded stock options as compensation. The company anticipates having the board in place within the next 3 months.
MSE EcoEngine Inc. is a research company with a device, the 'EcoEngine,' under development capable of generating power using the free heat in ambient air as its sole source of fuel and producing, as by-products, clean water and cool air. This technology has evolved from 13 years of thermodynamic modeling by the inventors. Recent advances in the computer model of the engine now indicate that a prototype should be built to prove the theoretical calculations and to determine ongoing cost of production of the EcoEngine. A U.S. patent application has been submitted for the underlying principles to this technology.
Other stocks of interest yesterday were: eBay Inc. (Nasdaq:EBAY) down 19.1% on 86.6 million shares traded, QUALCOMM, Inc. (Nasdaq:QCOM) down 8% on 51.3 million shares traded and Nortel Networks Corporation (NYSE:NT) up 0.6% on 22.9 million shares traded.
The release is provided by Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for MSE EcoEngine Inc. (MSEE). The compensation is twenty-two thousand dollars from non-affiliated third party, Segue Consulting Inc. 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 information contained in this press release 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. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.
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 advertising information contained in this release 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 release 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.
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.