SOURCE: Wall Street News Alert

August 02, 2005 09:43 ET

Aggressive Traders Alert: MIDX Is on the Move Again!

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

WESTON, FL -- (MARKET WIRE) -- August 2, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: MidNet, Inc. (OTC BB: MIDX), IBM (NYSE: IBM), Nam Tai Electronics, Inc. (NYSE: NTE) and Cisco Systems (NASDAQ: CSCO).

Once again, MidNet, Inc. (OTC BB: MIDX) should be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing the introduction of the beta version of a software-based "media phone."

News of the media phone should be welcomed by investors, as the company's Middle Network continues to gain exposure! The media phone is so called because it supports voice-only and voice-with-video calls, as well as streaming or downloaded audio and video content. The generic software device has been designed to allow branding by third-party service providers.

Watch this company! According to the company's press release, the media phone is interoperable with the C&S videophone discussed in the company's press release dated July 11, 2005. The ratio of media phones anticipated in the market compared to C&S videophones, is expected to be 20 to 1, due to its lower cost and immediate accessibility through computer downloads. With this projection the Company anticipates approximately two million registrations over the next seventeen months. MidNet expects to generate revenues of $4 per registration.

According to Tilo Kunz, MidNet's president and CEO, "The Company believes that many people who will engage in video communications will begin by using easily-accessed and inexpensive software-based devices such as the media phone. The additional features of video streaming and downloaded media playback will make the media phone a comprehensive collaboration and communications device."

Investors should continue to monitor the progress of MidNet for further developments! Earlier this month, we reported that the company is providing the network platform for 'Alliance for a New Humanity,' an international network for social change. The 'Alliance' is presided over by its president, Deepak Chopra, MD, an acknowledged world leader in the field of mind-body medicine.

Last Monday, it was announced that the Company's President and CEO, Tilo Kunz, is featured in an interview by SmallCapVoice.com. The interview covers all of the latest news for MidNet and features Mr. Kunz's personal insights into the company's growth to date. The Web cast is available online at http://www.smallcapvoice.com/midx/index.html.

For updated in-depth coverage and a company profile of MidNet, visit http://www.backissuesofnewsalerts.us/MIDX0801.html.

The stock closed yesterday at Fifty-Seven cents a share.

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™ provides high-speed, high-capacity private digital connectivity to organizations and individuals who wish to create, manage and distribute valuable intellectual properties, and communicate more effectively.

Stocks showing interesting activity yesterday at the close of the regular trading day were: IBM (NYSE: IBM) down 0.04% on 3.6 million shares traded, Nam Tai Electronics, Inc. (NYSE: NTE) up 10.7% on 1.4 million shares traded and Cisco Systems (NASDAQ: CSCO) up 0.5% on 32.1 million shares traded.

Commentary:

"The Commerce Department said that the U.S. economy had expanded 3.4% in the second quarter vs. 3.8% in the first quarter. The economic snapshot shows, according to the department, that the economy is capable of absorbing the higher costs associated with oil. I guess $30 per barrel is in the history books now," Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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