SOURCE: Bellwether Report

May 16, 2005 11:08 ET

BWR Assesses These Four Nasdaq Top Gainers: IPMT, APHT, JAMS, and HOTT

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

TORONTO -- (MARKET WIRE) -- May 16, 2005 -- The Bellwether Report is the leading online financial newsletter, focusing on small-cap emerging growth opportunities. We strive to introduce investors to truly undervalued opportunities in a time-friendly fashion, allowing for optimal entry points and profitable exit points.

Today, BWR will be closely assessing these promising companies on the Nasdaq Exchange: iPayment Inc. (NASDAQ: IPMT), Aphton Corp. (NASDAQ: APHT), Jameson Inns Inc. (NASDAQ: JAMS) and finally Hot Topic Inc. (NASDAQ: HOTT). For more information on the BWR or any of the above-mentioned companies, feel free to visit www.bellwetherreport.com for a free no obligation 30-day trial of our service. Remember... No credit card required.

iPayment Inc. is a provider of credit and debit card-based payment processing services to small merchants. Shares jumped 18% in early morning trading following the announcement that its Chairman and CEO, Gregory S. Daily, has offered to buy out the company for $38 per share in cash. For the 3 months ended 3/31/05, revenues totaled $163.4 million, up from $80 million.

Aphton Corp. is a biopharmaceutical company focused on the development and commercialization of pharmaceutical products for the treatment of cancer and gastrointestinal disease. Trading was up 8% this morning following today's announcement that early data demonstrated reduction of tumors in patients with cancers of the colon, breast and ovary.

Jameson Inns Inc. develops, owns, operates, and franchises limited service hotel properties. Shares rose almost 10% following yesterday's new star rankings for the company. Revenues for 12/31/04 totaled $83.1 million, up from $36.5 million.

Finally, we look at Hot Topic Inc. which is a mall-based specialty retailer operating the Hot Topic and Torrid store concepts and sells a selection of music/pop culture licensed and culture-influenced apparel, accessories and gift items. The company was trading up 8% following this morning's upgrade by Wachovia and JP Morgan. For the fiscal year ended 1/29/05, revenues increased 15% to $656.5 million.

For 30 days complimentary with the BWR service, feel free to visit www.bellwetherreport.com and sign up. No credit card needed!!

The Bellwether Report to date has not been compensated by any of the above-mentioned companies.

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