SARASOTA, Fla., Sept. 24, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Fidelis Energy, Inc. (OTCBB:FDEI), CellStar Corporation (Nasdaq:CLST), Intel Americas, Inc. (Nasdaq:INTC) and Conolog Corporation (Nasdaq:CNLG).
Investors may want to swing over and check out oil and gas company Fidelis Energy, Inc. (OTCBB:FDEI). Dedicated to developing North America's energy resources, Fidelis Energy announced "the election of Mr. Dan Hodges to the position of President and CEO. Mr. Hodges replaces Mr. Frank Anjakos, who will remain on the Board of Directors of the Company. Mr. Hodges has been involved for more than 10 years in the formation and operation of public companies and was formerly a consultant and spokesman for the Company. Mr. Hodges was also appointed by the Board of Directors to the position of Board Chairman. Mr. Hodges visited the Comanche Point Oil Field and was very impressed with the progress made by the Company's working partner and operator, Longbow, LLC, in revamping the site. The Company expects to ship and sell approximately 500 barrels of collected oil this week from the site."
FDEI is currently trading around .73 a share.
News on the Nasdaq:
CellStar Corporation (Nasdaq:CLST) and Intel Americas, Inc. (Nasdaq:INTC), today announced "a Strategic Alliance Agreement in which CellStar will manage the logistics solutions for fulfillment and distribution of Intel(R)-powered smartphones. The program will be rolled out over the next couple of years to more than 40,000 Intel Independent Product Dealers (IPDs)."
Shares of CLST are up 0.71 (16.36%) while shares of INTC are up 0.30 (1.47%).
Conolog Corporation (Nasdaq: CNLG) announced today "that it has introduced its command/control Digital Signal Tranceiver, TRX98DSP07, to expand the PDR2000 system. Chairman of Conolog, Robert Benou, stated, "The inclusion of our exclusive Command and Control Modules to our PDR2000 system will enhance long-term selection of our command/control telemetry system and reflects our best-in-class engineering design capabilities and the versatility and ease of integration of the TRX98DSP series. Being selected by a major Canadian utility will have a positive impact to our marketing efforts to other utilities."
Shares of CNLG are up $1.119 (23.31%).
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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company". The company received compensation for newsletter services for Fidelis Energy. (Public Company). The compensation is eight thousand dollars from a non-affiliated third party KNIGHTS BRIDGE CAPTIAL CORP. 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.
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