SOURCE: Wall Street News Alert

Wall Street News Alert

November 30, 2009 09:38 ET

Wall Street News Alert: Hot Stock to Watch: iTokk Inc. -- November 30, 2009

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

WESTON, FL--(Marketwire - November 30, 2009) - Wall Street News Alert's "stocks to watch" this morning are: iTokk Inc. (OTCBB: IKTO), Verizon Communications (NYSE: VZ), 3Com Corporation (NASDAQ: COMS) and Microsoft Corp (NASDAQ: MSFT).

Friday, iTokk Inc. (OTCBB: IKTO) issued a press release announcing that it has signed a binding Letter of Intent (LOI) for a strategic distribution partnership with Mayfair Club A.E. of Athens Greece to begin distribution of the iTokk products and services in Greece and the Balkans; and in addition will embark on business development in the Commonwealth of independent States (CIS) former countries of the Soviet Republic.

According to the Agreement, Mayfair Clubs will begin by bundling their existing portfolio of solutions along with the iTokk Click-to-Call and iTokk-Mobile services and will be marketed and distributed through Mayfair Clubs distribution network of more than 250,000 customers that have purchased more the one solution and over 1,200,000 customers that have purchased at least once a solution from Mayfair Club. Mayfair Club has been providing solutions for over 1800 businesses in Greece since 1985 integrating, distributing and bundling solutions supplied by companies including Vodafone Greece, Wind telecom & ISP, Vivodi Telecommunications, Cosmote, On Telecoms and Tellas.

According to telecommunications Research Company Buddcomm's annual publication 2008, profiles the emerging Balkan markets and the integration with the EU which is driving economic development and change, a trend that has manifested itself in the region's telecoms markets. The report presents an overview of the telecom markets in what are arguably some of Eastern Europe's most promising growth markets with example highlights such as fixed broadband take-up across the region gaining momentum with annual growth rates of 200% in Bosnia-Herzegovina, 51% in Croatia and 62% in Cyprus.

The two organizations are negotiating the final terms and conditions of a reseller arrangement that would give Mayfair access to iTokk's IP services platform in exchange for yet to be disclosed terms of revenue share and local pricing models. This Letter of Intent (LOI) will be superseded and replaced, as soon as practicable, by a formal reseller agreement with standard terms that are consistent with the principal terms provided herein.

The stock closed Friday at Fifty cents a share.

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Verizon Communications (NYSE: VZ) down 1.2% on 8.5 million shares traded. Verizon Communications is a US provider of broadband and other wireless and wire line communications services.

3Com Corporation (NASDAQ: COMS) up 0.1% on 3.2 million shares traded. 3Com Corporation is a $1.3 billion global enterprise networking solutions provider that sets a new price/performance standard for customers.

Microsoft Corp (NASDAQ: MSFT) down 1.9% on 29.3 million shares traded. Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Market Commentary:

Economists predict the ISM manufacturing index, due out Tuesday, dipped to 55 in November from 55.7 in October. A reading above 50 indicates growth in the sector. The ISM service-sector index, due Thursday, is forecast to have risen to 51.5 last month from 50.6 in October.

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