WESTON, Fla., March 9, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Proxity Digital Networks Inc. (Other OTC:PDNW), Cybertel Communications (OTCBB:CYTP), Insynq Inc. (OTCBB:ISYN) and DigitalThink Inc. (Nasdaq:DTHK).
Aggressive investors are sure to watch Proxity Digital Networks, Inc. (Other OTC:PDNW) this morning! Yesterday as the markets closed, On Alert Systems, Inc., a subsidiary of the company, issued a press release announcing that it has formed a new operating subsidiary, Cyber Aerospace Corp. The new subsidiary is currently developing vertical take off and landing (VSTOL) versions of unmanned aerial vehicles (UAV) that perform specialized missions!
This could be huge news for investors! According to the press release, Cyber Aerospace's first generation models are called individual unmanned air scouts (IUAS). When fully developed, Proxity notes that their Cyber Aerospace IUAS will operate in multiple settings including congested urban and jungle environments, where it is unsafe for conventional UAVs, as well as in desert and mountainous terrain. IUAS will perform traditional UAV surveillance, border patrol, and wide area search and sensing missions but unlike other UAVs, the IUAS are designed to be amphibious, capable of taking off and landing on land or water. IUAS could operate new and innovative clandestine reconnaissance, surveillance and target acquisition and perform hunter killer missions. As "sleepers", IUAS would fly to a location, land and use their own power to operate surveillance monitoring activities. In battlefield situations, this may be a great key to the surprise of enemy elements. With the vertical takeoff and landing (VSTOL) capabilities of a helicopter, IUAS would be able to launch and return without a runway, enabling deployment from small, concealed locations, naval ships, and building rooftops. When fully developed, the IUAS should have the high-speed forward flight of a fixed wing airplane, thus long-range over-the-horizon operations would be remotely piloted or flown autonomously. With the ability to monitor pipelines, power plants and strategic targets, IUAS could potentially give Homeland Security forces a 24/7 real-time picture. The IUAS is being designed with an open access airframe fuselage that can be rapidly field-configured with a wide array of cameras, sensors, weapons, and instruments. Their multi-use platforms have applications for Military Warfighters, Homeland Defense, Firefighting, Security, Surveillance and First Response teams.
Proxity Digital CEO Billy Robinson stated, "We anticipate proof of concept to be confirmed in 30-60 days."
Keep your eyes on this company! The On Alert and Cyber Aerospace management teams are anchored by former and reserve military officers and business leaders well versed in the development of product lines and business models.
The stock closed yesterday at just over three cents a share.
Stocks showing interesting activity yesterday were: Cybertel Communications (OTCBB:CYTP) down 14.8% on 96.1 million shares traded, Insynq Inc. (OTCBB:ISYN) down 10.4% on 28.6 million shares traded and DigitalThink Inc. (Nasdaq:DTHK) up 20.8% on 5.8 million shares traded.
Commentary: Economic News
"According to a survey done by the Business Roundtable, some CEO's at U.S. companies said they are planning to add jobs 'sometime' this year. A separate survey also showed that a better employment outlook was expected in manufacturing. However, the monthly unemployment report for February indicated that employers had added fewer jobs than expected," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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