WESTON, Fla., April 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Network Installation Corp. (OTCBB:NWIS), Triangle Multi-media Inc. (Pink Sheets:QBID), GEMZ Corp. (Pink Sheets:GMZC) and Spectrum Signal Process (Nasdaq:SSPI).
Aggressive investors should take a look at Network Installation Corp. (OTCBB:NWIS) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has been awarded a project order to install a wireless voice network for specialty medical device manufacturer Applied Medical!
This could be more great news for investors! Utilizing Motorola's Canopy Point-to-Point Backhaul, the network will enable wireless voice transmission among several buildings within the Applied Medical Rancho Santa Margarita campus. The network, which will accommodate approximately 300 users, is expected to result in monthly cost savings for Applied Medical.
Keep your eyes on this stock! In the past few weeks, the company has made numerous announcements that have detailed several new project orders, the retirement of company debt and its annual financial results for 2003 which indicated that the company believes that it has achieved several milestones that it believes will accelerate their growth.
The stock closed yesterday at $4.90 a share.
In case you are not familiar with the company: Network Installation is a total IT solutions provider which provides communication platforms for the Fortune 1000, Government Agencies, Municipalities, K-12 and Universities. These solutions include the design, installation and deployment of the infrastructure for the transmission of data, voice and video through traditional networks as well as wireless networks and Wi-Fi. Through its wholly-owned subsidiary Del Mar Systems International, Inc., the Company also provides integrated telecom solutions including Voice over Internet Protocol (VoIP) applications.
Stocks showing interesting activity yesterday were: Triangle Multi-media Inc. (Pink Sheets:QBID) up 80.3% on 1.5 billion shares traded, GEMZ Corp. (Pink Sheets:GMZC) even on 87 million shares traded and Spectrum Signal Process (Nasdaq:SSPI) up 121.1% on 22.2 million shares traded.
Commentary:
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