SARASOTA, Fla., Jan. 25, 2005 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.: Grand Entertainment and Music, Inc. (Pink Sheets:GENM), Paradyne Networks Inc.(Nasdaq:PDYN), GPS Industries, Inc. (OTCBB:GPSN), Delta Petroleum Corp. (Nasdaq:DPTR)
Aggressive stock traders and investors, have a look at Grand Entertainment and Music, Inc. (Pink Sheets:GENM), an independent music producer that produces, promotes, markets and controls the copyrights on music recordings in multiple formats, and produces voice-overs and sound tracks for commercials and film. Monday after the closing bell the company issued a press release from the MIDEM music conference in Cannes, France, announcing the expansion of its management team with the appointment of Franco DiMarco to head up its new Sales, Marketing and Promotions Department.
Grand Entertainment and Music said that Mr. DiMarco, whose most recent position was in the Audio Sales and Special Markets Department of Zanin CD/DVD, brings to GENM over 25 years of experience in the distribution, sales and marketing and promotion segments of the music industry, and is a definite asset to the Company. DiMarco's employment background includes positions in the sales and promotions departments of several leading firms in the music industry such as B.M.G. Music Canada Inc. and Polygram Canada Inc. His duties included developing and maintaining national and international audio accounts and conducting all events planning and promotion strategies for key audio accounts.
As head of GENM's Sales, Marketing and Promotions Department, the company said that Mr. DiMarco's duties will include the creation and development of new marketing and promotion plans for the existing and new GENM catalogue as well as GENM's new talent roster, along with sharing responsibilities of the A&R (Artists and Repertoire) and Production Department with CEO Fred Berlin and Vice-President of Production Peter Stocola.
Mr. DiMarco stated: "I am pleased to accept this appointment at MIDEM in front of the entire music industry. I am happy to join the GEM family and I am looking forward to a long and prosperous relationship with the company. Thanks to our healthy repertoire and the new marketing and promotion programs I will institute, I am confident that I will be able to increase the sales and talent roster of GENM dramatically. As well, I am also looking forward to my new A&R and Production responsibilities."
Fred Berlin, Grand Entertainment and Music CEO, stated: "I am proud to welcome Franco DiMarco to the GENM family. With the appointment of Mr. DiMarco, we are looking forward to a fresh and dynamic year."
GENM (Pink Sheets: GENM) is currently trading at around $0.0015.
Other stocks of interest:
Paradyne Networks Inc.(Nasdaq:PDYN)
Monday, Paradyne Networks, Inc. reported fourth quarter non-GAAP earnings of $0.4 million or $0.01 per share, compared to a net loss of $1.06 million or $0.02 per share registered in the same quarter last quarter. Net revenues for the quarter were $28.6 million, compared to $22.17 million in the prior year period, the company stated.
PDYN closed Monday's regular trading session at $3.129 on volume of over 1.6 million shares.
GPS Industries, Inc. (OTCBB:GPSN)
Wi-Fi wireless and GPS-enabled multimedia communications and management solutions company for golf facilities and residential communities, GPS Industries, Inc., announced Monday that GPS golf industry veteran, Kevin Carpenter, has joined their team as Director of Key Accounts and Corporate Sales. The company stated that Carpenter is the fourth GPS golf industry veteran to join the team in less than six months, which brings a combined total of more than 30 years experience in GPS technology sales to GPSI, the company said.
GPSN closed Monday's trading session at $0.15 on volume of over 1.4 million shares.
Delta Petroleum Corp. (Nasdaq:DPTR)
Delta Petroleum Corp. announced Monday that it estimates its production for the quarter ended December 31, 2004 to be approximately 3.3 BCFE, not significantly higher than the production achieved during the previous fiscal quarter. On Friday the company closed on the acquisition of certain producing properties from unaffiliated privately held Texas Corporation, Manti Resources Inc. The initially disclosed purchase price of $62.8 million in cash was reduced to a final amount of $60.4 million after downward adjustments related to net revenue.
DPTR closed Monday's regular trading session at $13.67 on volume of 941,557 shares.
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