SOURCE: eLocity Inc.

April 14, 2005 07:20 ET

April 14th 2005 Trading Alert

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity.

SARASOTA, FL -- (MARKET WIRE) -- April 14, 2005 -- eLocity's stocks to watch for today are -- WaveScribe International Corp. (OTC: WSBL), Compuware Corp. (NASDAQ: CPWR), Conversion Services International, Inc. (OTC BB: CSII) and Fonix® Corp. (OTC BB: FNIX).

WaveScribe International Corp (OTC: WSBL) announced after the close on Wednesday that it's Industrial Medicine division created in fall 2004, "has been informed it will receive an increased workload from one of its largest clients." WaveScribe stated that this client should equate to an approximate 15% increase in quarterly revenues.

WaveScribe went on to say that due to its client's company policy (a top 10 California HMO based on revenue and number of participants), they are unable to provide the name of this client.

WaveScribe International Corporation is a national and international dictation and transcription product and service solutions provider for the document production / transcription industry. WaveScribe has several divisions to address industry-specific demands for such specialties as Healthcare, Med-Legal, Education and Entertainment.

WSBL currently trades at around .10 a share.

Compuware Corp. (NASDAQ: CPWR)

Shares of software products and professional services provider Compuware Corp. traded on above average volume of 16.9 million shares Wednesday. The company announced after the bell Tuesday preliminary financial results for the fourth quarter, saying that it expects earnings for the fourth quarter to be in the range of $0.06 - $0.08 per share, and expects cash flow from operations of about $140 million for the fourth quarter. The company added that it expects fourth quarter revenues to be approximately $316 million.

CPWR closed Wednesday's regular trading session at $6.00, down 81 cents.

Conversion Services International, Inc. (OTC BB: CSII)

Professional services firm, Conversion Services International, Inc., announced results of operations for the fourth quarter and fiscal year ended December 31, 2004 Wednesday. The company reported $6.5 million in revenues for the fourth quarter of 2004 compared to $3.8 million for the same period in 2003, and $25.9 million in revenues for the fiscal year of 2004 compared to $14.4 million for the same period in 2003.

Shares of CSII closed Wednesday's trading session at $0.255 on volume of 2.16 million shares.

Fonix® Corp. (OTC BB: FNIX)

Integrated communications carrier Fonix Speech, an operating division of Fonix® Corp., announced Wednesday that Knowledge Adventure, a developer, publisher and distributor of multimedia educational software for use in schools and homes, will integrate Fonix VoiceIn™ for the PC into upcoming products aimed at providing innovative and entertaining learning opportunities for children. The company added that VoiceIn is Fonix's award winning speech interface software for Xbox®, PlayStation®2, PC and Mac video game developers.

Shares of FNIX closed Wednesday's trading session at $0.0505 on volume of 2.77 million shares.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for newsletter and ad services for WaveScribe International Corp. (Public Company). The compensation is one thousand dollars from a non-affiliated third party, Alex Consulting Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    Thomas Clay