WESTON, Fla., Jan. 26, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: PHC Holdings (Pink Sheets:PHCD), Sybase, Inc. (NYSE:SY), Delta Air Lines, Inc. (NYSE:DAL) and LM Ericsson (NASDAQ:ERICY).
Aggressive investors and traders need to look at PHC Holdings (Pink Sheets:PHCD) this morning! Yesterday after the markets closed, the company issued a press release announcing that Planet Airways' (newly acquired by PHC Holdings) anticipates an increase of 26% in DoD revenues in 2005 from $6,800,000 to $8,500,000 as a result of additional resources made available from the recent acquisition by PHC Holdings.
This could be great news for investors! Planet Airways also released results from its operations providing charter flights for United States military personnel during the fiscal year ended September 30, 2004. According to the press release, during this period the Company achieved DoD generated revenues of $6.8 million dollars, placing Planet Airways in the top five of all U.S. carriers operating domestic charter flights for the DoD. Planet's DoD revenues represent nearly ten percent of the $71 million dollars in total revenues awarded by the DoD to all qualified US carriers for domestic charters flown in fiscal year 2004.
Keep your eyes open for future developments! Planet Airways qualified as a DoD carrier in October of 2003 after successful completion of the DOD COMMERCIAL AIR CARRIER QUALITY AND SAFETY REVIEW. "The fact that we achieved DoD approval is a testament to the quality and safety of our operations," said Planet Airway's Manager of Defense Contracts, Kelli Muleski. "And our strong first-year performance should help us expand into other areas of charter business being awarded by the US Government."
For more in-depth coverage of PHC Holdings, visit http://216.63.242.254/PHCD0125.htm
The stock closed yesterday at Thirty Nine cents a share.
In case you are not familiar with the companies: PHC Holdings is a publicly traded Business Development Corporation that recently acquired Planet Airways, Inc. Planet is a Part 121 Certified Air Carrier that operates domestic and international charter flights on Boeing 727 advanced aircraft and recently completed its first full year operating as an approved carrier for the United States Department of Defense ("DoD") to transport U.S. military troops. The company recently moved offices into a new state-of-the-art facility in Orlando, Florida and also occupies a maintenance facility at Orlando International Airport. Planet has added senior managers with varied experience and backgrounds from several national carriers including Southwest Airlines, American Airlines, US Air, TWA and Continental, among others.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Sybase, Inc. (NYSE:SY) up 12.5% on 2.2 million shares traded, Delta Air Lines, Inc. (NYSE:DAL) up 6.5% on 6.1 million shares traded and LM Ericsson (NASDAQ:ERICY) up 2% on 3.3 million shares traded.
Commentary:
"The Conference Board announced that consumer confidence was up slightly in January, 103.4 from the previous 102.7, giving a picture that consumers' outlook for the short term is still positive. Economists were expecting a slight downturn," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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