SOURCE: Wall Street News Alert

June 08, 2005 08:44 ET

Hot Stocks to Watch! June 8, 2005

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

WESTON, FL -- (MARKET WIRE) -- June 8, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Sun Network Group, Inc. (OTC BB: SNNW), Western Digital Corp. (NYSE: WDC), SMSC (NASDAQ: SMSC) and Audible, Inc. (NASDAQ: ADBL).

Sun Network Group, Inc. (OTC BB: SNNW) may be one of the stocks that has the attention of aggressive investors and traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it has completed its agreement to acquire Aventura Networks, LLC. ("Aventura").

This could be more welcomed news for investors! Outgoing Sun Network Group CEO, T. Joseph Coleman said: "Aventura is a fantastic Company and this acquisition is an extraordinary opportunity for SNNW and our shareholders. It will ensure our economic viability and allow us to participate in the new, large, burgeoning VOIP markets that will generate substantial shareholder value and deliver immediate and substantial revenues and earnings. Aventura, with its experienced management and proven business plan, is poised to rapidly become a market leader."

Aventura CEO, Craig Waltzer said: "SNNW's acquisition of Aventura will enable us to rise to the next level. Aventura is currently negotiating voice termination agreements with recognizable, worldwide tier 1 providers for a higher quality voice network. We anticipate a near term release of Aventura branded next generation software that may revolutionize how the telecommunications industry transacts business."

Investors should continue to monitor Sun Network for further developments! To better reflect the company's future direction, SNNW will be renamed Aventura VOIP Networks, Inc. and Aventura CEO Craig Waltzer became CEO and Chairman of the new Company.

SNNW acquired Aventura primarily through the issuance of its restricted common shares. Aventura is generating strong positive cash flow and maintains business relationships with many of the top Companies in the telecommunications industry.

For an in-depth profile of Sun Network, visit

In case you are not familiar with the companies: Aventura VoIP Networks, Inc. is a rapidly expanding participant in a multi-billion dollar wholesale VOIP market. Our core competencies are developing innovative telecommunications software and our investment in technologically advanced switching solutions puts us on the forefront in this exciting industry. The Company offers a suite of products that have been devoted to each and every facet required of a NextGen telephone company.

Aventura is a leading wholesale Voice Over Internet Protocol ("VOIP") telephone service provider concentrating in the wholesale market. Aventura's market niche is terminating telecommunications traffic in third-world countries where margins are highest. Aventura offers its customers a fully-automated platform that is accessible through a web-based interface. Their software is proprietary and delivered through state-of-the-art facilities. In their latest fiscal year they had steadily rising revenues, earnings and were materially free of debt. Aventura anticipates substantial near term growth.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Western Digital Corp. (NYSE: WDC) up 6.6% on 8.2 million shares traded, SMSC (NASDAQ: SMSC) up 12.3% on 1.5 million shares traded and Audible, Inc. (NASDAQ: ADBL) up 14.1% on 5 million shares traded.


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