SOURCE: Wall Street News Alert

March 03, 2006 08:37 ET

Hot Stock Watch: Small Public Company Announces First Quarter Results! March 3, 2006

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

WESTON, FL -- (MARKET WIRE) -- March 3, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: HAPS USA Incorporated (OTC BB: HAPS), EMC Corporation (NYSE: EMC), OmniVision Technologies, Inc. (NASDAQ: OVTI), and Walt Disney Company (NYSE: DIS).

The press release issued by HAPS USA, Inc. (OTC BB: HAPS) yesterday could lead to positive results for the company! Investors are encouraged to watch for continued activity today. Yesterday the company, operating in the Japanese gaming industry, issued a press release announcing that it recently filed an 8-K/A with the SEC, detailing the Company's financial results for the quarter ended September 30, 2005.

The filing shows substantial increases in several categories which should get the attention of investors! According to the company, compared to the quarter ended September 30, 2004 gross wagers increased by 6.7% to $48,633,987. Gaming revenues for the quarter increased by 18.4% to $5,905,034 for the quarter as compared to the quarter from the previous year. There was a 10.9% increase in the number of pachinko machines in operation with 4,298 machines in 13 locations. After allowances for non-cash depreciation and impairment losses the quarter ended September 30, 2005 showed a net income of $18,101 compared to a loss of $358,183 in the same quarter in the previous year. This improvement can be attributed to the increase of gaming revenue due to the opening of two new stores in 2005. As a result of the recent merger taking PGMI public, the company has strived to meet a demanding schedule for financial reporting.

Investors watch this one! Pachinko gaming is by far the largest industry in the Japanese service sector with an estimated $277 billion in gross wagers. The Tokyo-based Yano Research Institute, Ltd. estimates that the pachinko industry employs an estimated 319,000 people in Japan compared to the 350,000 employed by the entire U.S. casino industry. The Leisure and Development Center of Japan stated that an estimated 40-50 million adults in Japan play Pachinko and approximately 26% of adults (approximately 25 million people) in Japan are regular customers. The Japanese Ministry of Economy reports that pachinko accounts for over one-third of all spending on entertainment in Japan. This huge component of the world economy has until recently been completely ignored by the U.S. investment markets.

Wall Street News Alert is putting aggressive investors on high alert to continue watching this company! Shinichi Kanemoto, the president of PGMI and HAPS USA, Inc. said, "Pachinko gaming is an integral part of Japanese life. By providing a clean, attractive and exciting environment for our patrons we seek to expand our position as one of the premier operators. Becoming a publicly traded company in the United States gives us the opportunity to bring this pure gaming investment to stock market investors. The advent of computer monitoring and control has generated a shift toward consolidation. Our extensive use of information technology (IT) gives us a significant competitive advantage over the majority of pachinko operators. We will continue to add modern stores and cull out less profitable locations. We feel that this strategy will bring significant savings from economies of scale in management, marketing and operating costs."

The stock closed yesterday at Fifty Eight cents a share.

To view an updated and in-depth profile of HAPS USA, visit

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

EMC Corporation (NYSE: EMC) up 2.3% on 25 million shares traded.

EMC Corporation is an information management and storage company.

OmniVision Technologies, Inc. (NASDAQ: OVTI) down 11.8% on 12.9 million shares traded. The company designs and markets high-performance semiconductor image sensors.

Walt Disney Company (NYSE: DIS) down 0.2% on 9.5 million shares traded.

The Walt Disney Company recently announced that remarks by management regarding the company will be available live via audio webcast at beginning at 10:00 a.m. PST on March 10, 2006.


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