WESTON, Fla., March 23, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Ohana Enterprises (OTCBB:OHNA), Napco Security Systems (Nasdaq:NSSC), SSP Solutions Inc. (Nasdaq:SSPX) and TASER International Inc. (Nasdaq:TASR).
Aggressive investors will want to take a look at Ohana Enterprises (OTCBB:OHNA) this morning! Yesterday after the markets closed, the company issued a press release announcing that it plans to change its name to Hospitality Tech Inc. (HTI). Ohana recently completed the acquisition of RestauranTech, a leading provider of service-enhancing technologies to the hospitality sector. The name change is subject to shareholder approval and the completion of regulatory filings.
This could be great news for investors! "We are pleased to have completed the acquisition of RestauranTech and re-brand ourselves as Hospitality Tech Inc.," said Brett Martin, HTI's chief executive officer. "We are actively pursuing additional strategic acquisitions that will complement our current technology and service offerings and supplement our organic growth with an immediate, impactful revenue stream."
The name HTI will reflect branding towards a broader market encompassing, in addition to restaurants, the entire travel and tourism industry, including hotels and casinos. With the number of "Wi-Fi" users rising from 1.6 million last year to 4.7 million this year and an estimated 17.5 million by 2005, the hospitality sector will be required to adopt these new technologies to enhance customer service and to gain competitive advantage.
Keep your eyes on this company! HTI creates customized solutions for clients utilizing industry best-in-breed software and hardware, and the company's own proprietary technology and services. The company has extensive experience designing, implementing and supporting a wide range to hospitality-focused technology solutions including Wireless Fidelity "Wi-Fi." From web site design and guest loyalty programs to technical support and HR management, HTI offers a cohesive offering that allows for rapid implementation, improved customer service and significant cost savings.
The stock closed yesterday at around ten cents a share.
In case you are not familiar with the company: Hospitality Tech Inc. (HTI) is a leading provider of service-enhancing technologies to the hospitality sector. The company provides a cohesive offering that allows for best-of-breed implementation, improved customer service and significant cost savings. HTI's suite of solutions includes Hardware & Software Support, Wireless or Wired Internet Services, Web Site Hosting & Design, Gift Card Programs, Guest Loyalty & CRM Programs, POS Systems & Support and Communication Systems.
Stocks showing interesting activity yesterday were: Napco Security Systems (Nasdaq:NSSC) up 19.4% on 1 million shares traded, SSP Solutions Inc. (Nasdaq:SSPX) up 5.8% on 721,100 shares traded and TASER International Inc. (Nasdaq:TASR) up 4.8% on 6.9 million shares traded.
Commentary: The Economy
"Consumer prices rose 0.2% in February, giving signs that inflation still remains low. A Manpower survey, a company that staffs temp employees, found that 28% of U.S. employers plan to add workers in the second quarter. Federal Reserve policy makers last week left the 1% interest rates alone citing 'patients' regarding inflation, unused factory capacity, and lingering unemployment," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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