SOURCE: Wall Street News Alert

December 01, 2005 09:46 ET

Aggressive Traders Alert: Emerging Public Company Enhances Services by Bridging Gap to Public Telephone Network!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- December 1, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: MidNet, Inc. (OTC BB: MIDX), Loudeye Corp. (NASDAQ: LOUD), Trident Microsystems, Inc. (NASDAQ: TRID) and Conexant Systems, Inc. (NASDAQ: CNXT).

MidNet, Inc. (OTC BB: MIDX) could be one of the targets of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, creator, owner, and operator of The Middle Network™, issued a press release announcing that it is enhancing services by bridging the gap to the public telephone network.

News of the company's ability to extend the reach of its videophone network to traditional telephones may get the attention of investors, as the company has signed a Bilateral Service Delivery Agreement with Galaxy Multi Media Inc. for collaboration in the delivery of their complementary services. MidNet enables videophone services over The Middle Network, a purpose-built environment for video-based communications.

Continue to watch this company! "With this agreement, MidNet enhances the value proposition for videophone subscribers on The Middle Network," said MidNet's president and CEO, Tilo Kunz. "Through our partnership with Uniloc USA, we've been able to extend our security and privacy features to the Internet and third-party private networks. Now with Galaxy, we're able to extend the reach of videophones on The Middle Network to the public telephone network."

Once the integration is completed, a subscriber's Middle Network videophone can be their only telephone for video calls and voice-only calls. This agreement will enable videophone users to make and receive regular phone calls worldwide, effectively ensuring that The Middle Network will be backwards-compatible with traditional voice-only telephone systems.

Investors should continue to monitor the progress of MidNet! The Middle Network™ supports VoIP and VoIP-with-Video calls. The migration from the traditional public telephone system to VoIP is well underway. According to International Data Corporation, the 5 million VoIP users in 2005 are projected to grow to 27 million users in 2009. These numbers may rise further as VoIP's video capabilities are exploited. Through this agreement, The Middle Network™ will be connected to the worldwide public telephone network, the ultimate source of the migration to VoIP.

Prior to the press release, the stock closed yesterday at Thirty-Nine cents a share.

For an in-depth profile of MidNet, visit

In case you are not familiar with the company: MidNet is the creator, owner, and operator of The Middle Network™, a commercial complement to the Internet. The Middle Network™ is purpose-built for video-based communications, providing high-speed, high-capacity private connectivity with device-specific authentication for enhanced security. Organizations and individuals can create, manage and distribute valuable intellectual properties, and collaborate with greater privacy and security on The Middle Network™.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Loudeye Corp. (NASDAQ: LOUD) up 25.5% on 23.7 million shares traded, Trident Microsystems, Inc. (NASDAQ: TRID) up 6.1% on 3.5 million shares traded and Conexant Systems, Inc. (NASDAQ: CNXT) up 2% on 17.8 million shares traded.


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